2025-03-31-accounts

Registered number. 01191227 Charity number: 269177 ST. PETER'S HOSPICE IA company limited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Iwwiii •AEIIOE9K* 2311212025 COMPANIES HOUSE

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ST. PETER'S HOSPICE IA Company kn'mited by guarnnteel CONTENTS Page TNsteK' report Reference and administrathi• detalls ol the Chaiity. its TNslees •nd advtseys Ind•pend•nt auditorfs report on the financial statements Consolldated ststement of finan¢lal a¢tlvltl¢s 19 20-23 24 Consolidated balance sheet 25-26 Charity balance sheet Consolldated statement of cash flovrtk 27-28 29 Nole$ to the financial statsments 30-60

Chairfs Report WelcowE to Ihe St Peterfs Hosptce annual rewl for Ihe finanoal year ending 3151 Marth 2025. 1 am delighled to present thrs report and reflect on the progress we have made in many areas this year. This year marks a pivotal moment in our joumey, as we launched our bold new fiv&year strategy 'Reaching Further- Improving End of Life Care for Everyone,. This strategy is not just a roadmap - rt is a renewed eomrnilment to equty. mpassion and inr￿vatIon in the faee of growing need. We know thal many pecple who could benefft from our serv￿5 are not receiving our support. that is why the strategy set out the arnbrtion to double the number of peopk we support by 2030 and to extend our we from the final weeks to th& final year of lrfe. This aMb￿￿juS pLqn was shaped by extensive research and heartfelt eonlribulijns from our stsff. ¥￿Unleer$. patients. familtes and the wider communty. We have also refreshed our brand for the first time in over a decade. modemising hohv we loJk and sound, lo better refiect who we are and to b￿ak d¢)wn any misconcept￿nS about hospice care. Despite the challenging econcAn¢ clime and fising demand, we have continued to increase the number of people we support and continue our work lo reduce inequrties in care. Thi5 year, saw ConS￿erable growth in support given through our241T specialist adv¢e line, and in attendees at day services and psychological therapy services. The introduction of condrtion-specffic programrres wr(hin day services. including Neurolcgical Living Well. has br¢)adened &cess to our Se￿￿e5 and impact for patients. Over the last few years. we have fcKused on increasing our research and last year the hospice led the nalb?nal recruilmenl into the CHELsea 11 trial. In April 2024. we reopened all 15 of our in%Jatient beds folk)wing closure of some beds during the pandern￿. This increase, alongside an expansion of the 'nurse4ed beds, model of care, resulted in rrrfjre Inpatient beds being occupied this last year. W8 have continued to priorrtise our work rm addressing inequities and am pleased to report the Board approved our first Equty, Divernity and Inclusion strategy, which is focused on reducing inequities in access, experience and outcomes for our patients, famil￿$ and workforce. As Chair of Tnjslees. l am continuaNy inspired by the ded￿ation of our tearn5 and generosity of our supporters, wrth effective balanced govemance prOV￿ed by our Board of Trustees. We look forward lo this new financkal year, and the start of deliverin9 our ambitKJus new str*egy. Helen Moryan. Chair of Trustees 2 St Peterfs Hosplce report and accovni$ 2024125

Trustees, Annual Report Who we are and what we do Sl Pelels Hospice is the onty adult hospKe in the Bristol area. providing free adutt hospice care to those that need our support. From those with a life4imiting illness. to those that care for and about them, we've been providing tailored and holislK care lo those in need in the Bristol. South Gloucestershire and North Somersel area for over 45 year5. We provide care without prejudice. regardless of condition, relKJion. beliefs of age- and atways wth our seNice user's best interests at heart. Vthelher their needs are physical. emotlonal, spirrtual or socRI, our services help you face the fvture wlh courage. The Charity's purpose Is set out in the company's Arbdes ofA8s0Uat￿. The Hosptt adopted new Arts¢les al ils AGM on 301h Seplember 2025. The ehanges a￿ adminislTatNe and seek to make them more accessible, reflect the increased use of online meetings and de¢isM)ns, and to adopt best pr¥tv in the re¢ruf(ment of futu￿ trustees. The Charity is established to promote the relief of sKkness and proV￿e services to support the physical, psycholog￿al, swal and spiritual needs of those affected by lrfe-limrting illnesses. The Need Palliative or end-of4rfe care is the care given lo pe¢)ple for whom curatrve treatment 1$ no longer a viable option. The aim is lo enable people to INe well and make them as comfortable as possible through a holistic model of ca￿, including managing physt symptoms such as pain togelher with p5ych050cial, spiritual and other dist￿$$ing symptM)s or feelings. This could be in the last year or the final weeks and days of life. Palliative care can also be given earlier in a person's illness whik they are recetving other treatments, to help manage or sbw down their condition. Specialist palliative care is delivered by our mutiidisciplinary teams. including palliative medicine consurtants and nurses. oceupalional therapists. phy5iolherapisls, psychologists, and social workers. st Peter's Hospice support th¢)se living in Bristol. North SonErset and South Gloucestershi￿ and every year, rt is estimated that nearty 8.OIX) who die every year woukj benefft from pallkative care. The I￿al population is growing and ageing. with a predicted increase in the numbef of deaths of 16.10 in the next 10 years. St Peterfs Hospice also provides several seNi¢es to support loved one$. wrth servtes specificalty for carers and bereavement support. As the number of death$ i￿reaSe$. so will demand for these Services. Our Vision To transfomi the experience of death. throLrgh understMling. crya$sTron and ca￿. Ourwork St Peterfs Hospice w)vides speaalist palliabve and end-of4rfe care to adults across Bristol, North Somerset, and South Gbucestershire. Our Inpat￿nt Unit {IPUI has 15 single ensuite rooms. with 10 Consultant Led Beds foi patients with complex needs and 5 Nurse Led Beds for those in the last weeks of life. Admissions are based on clinic81 need. and the unrt is supported by a multidisciplinary team including nur5e5, doctors. Ihelapists, and volunteers. mm ni Our Community Nurse Sp￿lalISt ICNS) teams are often the first ￿Int of contact for patients, receNing referrals from hospitals, GPS. and other professKJnaL8. They assess paI￿nts, coordinate caTe, and provide ongoing support to help people remain sl home. Many CNSS are independent prescnbers and WO￿ close￿ wrth other healthcaie teams. The HOsp￿e at Home team pr¢)vides hands-on nursing care In the last weeks of lrfe. enabling patients to die at home if Ihat is their wish, whde also supp￿ting carers and f￿llIeS. Advice Line Our 24-hour telephone Adv￿ Line. led by nurse speelists arKI supported by the medKal team, is availJle 24 hour5 a day every day of the year to patients, carer5. and professionaL8 seeking guKlance. 3 St Peter's Hospir• report accounts 2024125

ra ies and D Servies Patients ar￿ families can ￿cesS 8 wvje rarKJe of Thefapie$ and Day Services. including the Fatigue and Breathlessness course, Lmng Well programme aid xtial groups. Patient and Famil Su Our Patient and Farnity Support Team offer5 emotional. psy¢hological, and practical support to patients and their loved ones. This includes S￿la1 woth support with ￿[e planning and beneffts advrE, psychological therapy for adults and children, bereavement services. and spirrtual care provided by our Muki¥Farth Lead and volunteers. Support is lailored lo Indr￿d￿al needs and delivered in a variety of settwy. edical Te Our Senior Medical Team provJes 2417 support across al ser¥r￿s. including the IPU anJ Advice Line. They also ¢)ffer ovlpalient consultations ￿ hc¥ne wsrts vthere appropriale and supervise dcctors in training. Clinical Education The Edu¢*ion Departrnent delrvers a wde range of training to intemal staff and extemal healthcare professionals across our region. This includes study days. short couws. and mandatory training, as well as commissioned education for GPS, nurses. and allied heatth professionals. The team also support5 sludenl placements and contributes lo regional leaming initiatives. Ensurin our work delwers o The slralegies, intentions. plans and a¢livities of the Charty are reviewed continuously through the goveinanGe cycle of board meetings. commrttees. workshops and away days. We have referred to the guidance coniained in the Charity Commission's general guidarbce on public beneft when ￿vIe￿￿j our aims and objectives and in planning our future activr(ies. s deliver ublic benefrt Our charitable adivities a￿ focussed on offering free holist￿ care. support and advice to patients. families and nformal carefs affected by I1￿lMrtIng illnesses a¢ross Bristol. North Somerset and South Gloucestershife. Our activities are undertaken in pursuit of our charitsble purpose for the public benefrt. Our work often continues with families. kjved ones and Ca￿1$ after Ihe patient has thed. Our impact in 2024125 We $upported 2,912 people across all our services - 2.353 patients and 559 famity memberslloved ones referred for SUPF•)rt. Our Inpatient Unil cared for 264 peq)le. with all 15 beds open there was a 10ts/o increase in occupied bed days. Our Communrty Nurse Speciali51 team supported 1.721 paltents. +3.7% from last year. Medical staff contributed lo 1.161 multi-disciplinary meetings and contribute(F lothe care of 818 patients. Our Ho$pice al Home team supported 783 patients, delNering 9,207 visrts. an 8% increase on the p￿VI¢)US year. Day Services expanded, wrth a 27QA increase in referrals and 26% increase in attendances. delNering new prcgrammes such as the Neurologtsl Living Well course. Our therapy team de￿"Vered 972 occupational therapy and 885 physiotherapy con$uMations, ￿ntInUing lo support patients to live as well as possible. Our 24Fhour Advice Line handled 5.553 extemal calls. wth total eam volume reachin9 9.310. a 3S%' increase on the prev￿uS year. Our Social Work team ¢3rTied out 2,W consLthations. and refe￿al5 for carers increased by 280A. The P5ychole4Jical Therapies team r&eived 910 referrats. delivering 3.482 therapy sessions- a 45% increase in sessions and a 284ay Teducti¢)n in wait times. 4 St Petsr's Hospi¢¢ report and accounts 2024V25

Our Strategic Priorhies In 2025. we PLJlished cMJr new 5-year strategy and sel ujt the folhxfing priontie5. 1.Community at th• hea￿ 8eing led by our eomrnun1t￿ and working in partnershp to increase our ￿8¢h, lo address inequities in access. expen'ence and outcomes and to grow our income. 2. Earfler ¢onveYsations, ttinely Suppo￿ Fatylrtab"ng earlw corwersa1￿nS about death and dying. alongside more timely supporl, to improve the quality of lrfe for pients and their loved ones. 3. Leadlng. learnlng and Innovating. ShoutitvJ louder about our ideas and successes and ¢￿atIng a culture of curiosity where Oltr workforce is supported to ￿n11n￿o￿S￿ leam and test new Kleas. Ourvalues Ex¢ellence- to strive to be the best we can. h"sten. leam and innovate. Compassion- to shcMT understsnding and c¥e in everything that we do. Respect- to value everyone and eMbr￿e the value of our differerh¢es. Pa$$ion - to be proud of our work and the impacl we have. Collaboratlon- to work as one team - budl shared wals and effectwe retationships. Our key achievefflents In 2024r25. we have been.. nhancin our seNices R80pened all 15 Inpat￿nI beds in April 2024. rncreasin9 the availabtlty of nurse led beds therefore enabling mofe patients to die in a h05pice setting rf that was their preference. Nurse Led Beds accounted for 38% of admissK)ns, Supporting palnls m the final weeks of life. Delivered 9,169 vis(¢s through the Hospice at Htyne serv¢e, an 8% increase from Ihe previous year. This induded a 33% rise in day shffts and a 20% increase in registered nurse visits, enabling more patients to remain. and die. at h(xne. Expanded cyjr Psychological Therapies Team with the 1ntr(xluct￿n of Psychologtal Support Workers. resulb'ng in a 45% increase in sessions a 28-day reduction in assessment waiting times. Continued to grow our Day Serv%es. wth a 27% irKrease in ￿lerfalS and a 39% rise in attendance. The Neurological Lmng Well prcgramme vras laU￿hed and presented at a national conference. Introduced euddle beds in the Inpat￿nt Unit. enhancing comfort and do$eness for pienls and their families during end-of4rfe care_ Addressin in ualities Strengthened communty engagement with undetserved groups. itllkding Bangladeshi, Chinese, and Hong Kongese communrties, ￿&jIng lo tr￿reaSed referrals and reduced fear of hospice care. Deepened partnershps wrth heart failure, movement disorder, and ￿arnIng dtsabilty teams. resutting in a 7QA increase in caTdv)vascular referra￿ and improved support for patients wrth complex need. aintained strong relationships y￿h dementia artd respiratory teams and continued to support young Feopk tran5rtionin9 from paedialric to adult services. Invested in new hearing equipment and enhanced support for people with kaming di5abilrties through ollaboration wrth &rona and Part￿1pat￿ in BNSSG-wide initiatives. 5 St Peterfs Hosplte rep)rt and attounts 2024125

rtin the wkler Managed a 35% inuease in AdV￿e LNie cams. with $4% of calls from patients and carers. The Access Team handled 45% more calls. reflecling grwing dem)d for 241T specialist adwce. Participated in national research, including kading recrujtment for the CHELsea 11 study and contributing to the development of a Hospice Research Toolkrt. Continued to play a leading rde in the BNSSG health sYst￿n. ehairing hospice fonjms and contributs.ng to system-wide work on c¢Mylex pan. heart failure. movgment disorders and ￿SPIratOry failure. Our Paop Our people continue to display eX￿ptIOnal tabent. and Ihr dedicth.on and passion are what makes the hospice truly special. Our workforce has gr¢)Nn over the past year to approximatety 500 contracted employees, each ¢onlribuling to a diverse range of roles. The drfferent roles of wr clinjcal. inpat￿nt, support. retail, and fundraising learns are all essential. yel they all work tcgether with shared purpose. ambth'on$ * valugs to Support our one hospKe ethos. Engaglng wllh our colleagues The hospice leadership engages wrth colleagues both in person through informal visits or tours. and through written communication. We have introauced a spec>fic Clinical Connect bulletin for our clini¢al teams which stems Irom feedback in our errployee survey highlighting the need for better ¢ommuni¢ats'on across teams, and an Executive Team bulletin to update the whok hospice on strategic progress and priorits"es. We run a CEO open session. where questions can be asked of the CEO in person at the event, or anonyrnously in advance. Ans￿r$ to all questions posed are then cornmunraled to all ern￿ee$ by email following the event. Trustees have recommenced their planned and unannounced ￿$it$ to all a￿¥$ of the hospi¢e this year and have visited the waffjhouse in AvonffK)uth. various $hop$ as well as the HosFxce srte. We hold a biannual employee survey through the WO￿ buzz online platfomi. which provmles a way for employees to give anonymous feedback on a number of key areas. The results from these surveys are shared with our Trustee's together wilh any action plans arisiThJ. Our Employee Experience Group was refreshed this year." 1p￿th represenlalNes from xross the hospice. The group meets regularly to discus5 Work buzz organts*ional feedback and s￿￿1¢ team feedback on a range of matters. As well as the main group. membws a￿ part of one of three task and finish groups on eilher Collaboration. Cumure or Recegni5ing Success, all with the aim of improving the working environment and experience. Recruiting and developing our employees The recrurtmenl market has improved over the past year, and we have been successful in filling all roles, with only a few needing to be advertised more than However, there are still several ChaI￿ngeS for our sector including the demand of skilled healthcare professKJnals outp¥ing suppty and the evolving expectations of candidates who prioriti'se work-lrfe balance. fbexible thing arrangements. and organi5alional c￿lUre. Over the past year. we have reviewed and relaunched our lolal reward package to aid relenlK>n, ensure competitiveness in the mathet and Ihat we stand out as an employer of Ch￿Ce. One of our most signthcant developments has been the successful implementation of a new online onboarding tool. This system is desKJned to streamline the candidate joumey by improving the experience for new 51arters and reduce administrative burden for managers. The system en8b￿S digital tracking of ￿ruit￿￿t progress. automated cc¥nmunKat￿n$. and a more structured onboarding process. wsuring new colleagues feel Welc￿￿￿ supported fr￿n day ¢)ne. We have had a dedicated Retail Trainer role in our People Team on a tA¥cpyear secondment who has completed a full training needs anatysis and project on retsil indUCt￿n over the past year. This has included creatsng a suite of resour￿5 for new joiners including a starter booklet and made reCoMmer￿allonS to improve the retail indUCt￿n ex￿￿. 6 St prtev's Hosplc• rerx)rt and accounts 2024125

Our Voluntee We could not do the work we do withoth cwr volunteers, and in 2024r25 we were fortunate lo have circa 1.500 fantasti¢ volunteers supporting all areas of our operations. We have 18 drffwent roles including café as51slants. retail assislanls. hospi￿ neighbours. patient dfivers. complementary therapists, gardeners, ward assistants and receptionists to name a few. Through our investment in professional volunteer management. we continued to attract high quality and committed volunteers of all ages from 1 >90 years old. CcAlectrvety they have donated 150.000 hours this year and our longest serving volunteers have reached a milestone of 38 years in se¥vice. We employed a part tsme coordinalorlo further develop OUT HospKe NeTrghb(yJrs Project, providing non-clinical, social and practical support to patients in their (Mn hr)me5. As part of our broader Hospice strategy, we aim lo grow the reach of this project through our C¢yMiunity Hubs. en$LWbng even more palnts benefit from this vrtal support. A¢hievements 2024125 This year we have Trained a group of volunteers to collect structured feedb￿k from patients on our Inpient Unit IIPUI SuppcKted our wellbeing acliwties in Day ServKes including painting and a worKlerful collectiorb of patient artwork now welcomes visitors when they enler Ihe Hospice Generated 125 new retail volunteers from a ded￿ted recrurtment drive Pr￿Ured and completed first configuratw stsge of new volunteer management system Designed and delivered new retail staff volunteer management training INe are always grateful for the Support we receive frL¥n our ¥oknnteers and the ts.me that they give us which is a key part of our continued success. Equity. Diversity arKI Inclusion At St PeWs we are deduted lo fostering an indusive and supportNe workF4ace for all emptyees. volunteers, patients and their families, including those wrth disabilrties. We acljvety promote equality of opportunty and ensure that appropriate adjustments are made to accommodate individual needs. This year we formed a CEO arKI Trustee led Steering Group, bringing strategic direction and leadership lo our EDI work. The steering group supports the ED&1 working group to drive a h05pice wwje prograrnme of continuous improvement and embedding equty across am weas ofour work. to enhance employee experience. improve patient outcomes and benefit our ¢ommunities. The first action of the steering gr¢)up was to develop an EDI 51ralegy and aclion plan wh￿h wa5 finalised in ril. This gives us three key priorities for 2025-26 inchJ¢Jing". Better Data and Intelligence 2. Inclusive culture, diverse workforce 3. Led by our diverse communrties As part of our Continued work lo raise awareness within our workforce. we rolled out'Ra¢e Ahead" training last year to help wlleagues recogntse the imp¢)rtan¢e of understanding and addressing $y$temati¢ racism. The training. run by a local Bristol company. I￿reased delegates kn￿￿kdge around ￿l$M and confidence in having conversations about race & racism. Our Systems and Processes We continue to invest in our systwns aThJ Wo￿$8$ to help iryrove efficiency, pr(¥J￿1￿1ty and user experien￿. 7 St Peter's Hospice report and attounts 2024IZS

Supporter Database During the year we implemented a supporter database. Donth. This has replaced a leg&y system that has been in place for many years and was no bonger fft for purpose. The new database is already botssling prodLbclivty and efficiency in our fundraising teams, through automation and integration. and better performance and availability. Longer term il wll link in wrth our retail system and will grve us better insights. $0 that we Can build and nurture stronger relatKJnships wrth our supporters and achieve our ali￿n to increase fundraising revenue. InPhase- Hospice wide governance tool We have implemented InPhase, an online integrated govefflan￿. risk and compliance tool. The initial objective was to improv& the way we manage incidents across the hospi￿ such as health and safety events, inforrnalion goveman¢e breaches and feedback from patients and their bved ones. The benefrts of moving away historic paper-based process has led to valuable time savings for managers. and invaluable feedback and learning to help improve our services and more effecb.vety manage risk. The lts)I ts versatile and we are implementing additsonal modules that wll modemise our approach to risk management and policy administration. Telephone System Dufing the year we have implemented a new te￿Phone System. This is a mc<lem clDudased system that is more ￿$111ent and cheaper to operate compared lo the old system, as it is fully cbud-based and doe5 not re on on-site equipment. 11 also provides"follow me. calling as well a5 50ftphone and smartphone app Capabilities, meaning that staff can make arKI re¢eNe calls wherever they are Wofking, which will bwst productNty and efficiency. Other projects During the year we have also been working on ollw key areas of our operats"ons, particularly Volunteering, Facilities and Finance. These projects will introjuce new technolcoy and ways of working that will b¢)osl productivty and efficiency.. creating foundations on wh￿h to delNer our stralegy. These improvements are all part of ￿ organis*ional prciects progranme funded by designated re$erve$. 8 St Peterfs Hospice report and accounts 2024125

Financial Review The Hospice incurred a net deficit of £1.4m in the year. down frLn a SLJrplus of £1.3rn in the prior year. Last yearfs resuhs included a Substantial unrealised investmenl gain of £2.3m, compared to £0.2m this yeai. The undertying operating deficit of the Hospice. excluding ¢aprtal gains on investments. was £1.7m which was £0.7m larger than the defvl in 2023-24 {£1.Oml. Ofthe deficit, £0.7m related to xtivilies covered by designated funding to support enhanced sermces following Cowd. aThJ investments into process improvements and new systems that will generale benefrts in the future. The remaining £1.Om deficit refie¢ted opering expenses being hvJher than operating income for the year. This deficit was anticipated and is being funded by our free reserves. A key driver of the deficit I￿$ been the increase in staff costs caused by Infflat￿n and national h'ving and minimum wage increases. Our financial strategy, supported by our free reserNe$. is to grow inccyne and improve eff￿lencY1produCtiVity lo bring the hospice's financials back into baance. Income The Hospice has fve man income streaffts. whith provide5 diversification and therefore resilience in the face of changes in and the economy. In 2024-25 we received £20m from all scNJrces. £1.Om or"5.$% more than the prevKJus year. Retail Sl Peters continues to be a n8lionaNy recognised leader in charity retailing. During the year we opened Iwo new stores. a large format store in Clifton Trangle. wherewe sell p￿domin3ntty fvmrtV￿ and horne g¢x)ds', and in Porti$head, our first superstore which sells fashion, furnitu￿ and hcKnewaTe$. Both slore5 are prov￿ to be very successful. well received and supported by their local communities. In addition. following the success of our WThrteladies flagship store. we have developed a programme of store rel￿She$ to improve customer and donor experience and help us become 'the best on the hi9h slreel,. This strategy is desi9ned lo both protect and grow oui contribulion to the HoSp￿e. In ad¢Jition to our 45 stores, we also provide house clearance fuTnrtuTe coifeclKJn SerV￿e$. We also $011 more valuable items through online mketplace5 using a dedicated team of experts located at our ￿tall warehouse. Together. the Retail Team xhieved sales of £9.1m, in line with the previous year despite challenging economic conditions, increasing cornpelition and also the strategic short term closures of stores lor refits. All of this is made posSi￿e by the fantastic contribution of our retail volunleers and the continued donations from our local nmunty. Fundraising and Legacl¥s Our Fundraising Team generated income of £3.Om in the year in line wlth their fve-year stralegy adopted last year and against a b￿kdroP of tough econom￿ condit￿nS. This was £0.6m more than Ihg previo(ts year, an increase of 260A. Ourthanks to all our supportets. indwiduals and Corporate sponsors. who made this happen. Legaw income. inc¢Jne from gffts left lo us in wlls. is an important part of our fundraising efforts and an area that we are seeking to actively promote. During the year we ￿e[Wed income and new notifications totalling £3.2m which was £0.4m less than the previous year. Thi5 income represents 16% of our total irKome and we are incredibly grateful to those indNiduab who choose to remember the hospti in their wills. NHS Integrated Care Board We ¢ontinue to be supporte<l by the NHS Integrated ca￿ Board for Bristol, North Somerset and South Glouceslefshire through our multi-year contract. During the year we received £3.5m, an increase of £0.2m over the pievious year and equlva￿nt to 18% of our lotsl income (Prior Year.. 18%). st Petet's Hospic• report and accounts 2024125

We also rKeNed inwne fr(#m the NHS in relation to SUFWting NHS education schemes. Investment Income The hospti has been fortunate in the past to have been gNen two endowments. These are donations that we are able lo invest and benefrt from the relums generated from the capital. In addition, we also hold ￿etwe$ to provide for financ￿1 resilience. suslainable and cperational stsbilty. A prcwrtion of these funds are also invested. During the last year we reviewed our investrnent mandates and undertying fund Man￿erS. A key change wa$ to increase the natural income arising from our inveslments. Consequenlty the income received from these investments has increased by 681IA over the prior year lo £0.8m. This increased inc￿ne was equivalent to 40 Lrf total income {3%1. How we spend our money In 2024125 our expenditure was £21.6m. up on the PreV￿u$ following an 11% inciease over the year before th. The gruwth in thi$ financial year was due to". Increased stsff costs ¢Jue lo the NHS pay award, Nalional Minimum Wage uplift and cost of living pay awards. Increased operatsng costs to support the expansN)n of our retail netsvork. General Inflats.￿ on leases, suppls and seThices. During the year expenditure, afterallocating support ¢osts. was broken d(hvn as folbjws.. S40A relating to Patient Care- £11.7m {Prior year". £10.6ml 45% relating to raising funds- £9.7m (Prior year.. £8.9m) 1 % relating to Education £0.2m- {Prior year.. £0.4ml This grwth in expendrture was planned and is in part met through growth in our income but also drawing d¢)wn on our ￿seNe$. Investment Policy and Perfonnance The Ineome GeneratiM CcAnmittee and the Finance. Audit and Risk corr￿nittee both play a role in investment oversight. In addrtion lo these commrttees. regular meetings are held consisting of Trustees. senior management and our invesknent ￿VISers. The Committee sets and oversees the management of the investment policy. The investment poly has an obie¢tive to provideto the k)sp￿e Suff￿lent liquidity and returns (income and caprtal gains), with an a¢￿pIable bevel of rk. to enable the Charrty lo carry out rts actwrties effectively in both the short and long temi. During the year we reviewed our investment pohcy. lo generate addrtional income fcv the Hospice. These revised mandates were then put out lo the investment market and fund managers were invited lo lender. The conclusion ol this pr￿e$S was lo ￿ain our managers fry the endow1￿nt funds arKI to change our manager of our un-re51ricteil fvnds. Short4erni: The Hospice maintains deposits wth rts main bank. and w((h other high street banks when the fvnds deposited are above our pdicy limrt for a single bank. The key short-term ots'ective being to invest sufficient eaprtal in lower risk, liquid and unrestr￿ted assets. in order to operats.ng and eaprtal expendrture cashflow requirements over a 1-2-year time horizr)n. Long4emi: Our Investment Poli￿ sets wt the investment 04ethves for endowed arKI unrestr￿ted fund$'. Unrestricted funds". to generale a ￿luM of RPl+3Qh net of all expenses with an income yield of 2.5%. Endowed funds." lo generate a return of RPl+3% net of all expenses wlh an income yld of 2.5Q/o The key risk lo our investments is inftation. Our fund managers have been instructed to invest in a way to mitigate this risk over Ihe I￿9 tenn. The Twstees understand that this is likety to mean that the capital value will flucluale and can generate losses wthin ary financhql year. The Charity is able lo tolerate such volalilfy as il has working capital and short-lem funds. 10 St Peterfs Hosplc• report and accwnrs 2024ns

Wth respect to the unrestricted funds. the Charity regularly revtews its liquidty planning and works closety wth the fund manager to maintain appropriate assets to drawdwi when required. Our tonlerm financk81 portfolios a￿ managed by appointed fund managers on a discretionary basis and are subject to an investment mandate in respe¢t of asset allocion. risk. benchmarking and restridions. 11 is recognised that the financral risks of the Charty as a Wh￿ need lo be considered and. therefore. the investment policy supports the requirements set out in the rese￿eS policy. We oversee investment Perf￿anCe through ￿Ular ￿￿ting$ with our investment advisers and fund managers, to wew their p)rtfolw) perfom)ance d, where Underperforman￿ exist. their plans lo recover. Investment Perfonnanee Incory from our investments increased by 68% to £719k12024- £428k) highlighting the impxt of our change in investment mandates to prOV￿e a greater level of in¢(xne. Net eapitsl gains. both realised and unrealised, tolalled £233k12024". £2,304k). approximately 10.kn of gain5 xhieved in the previous year refiecting volatile investment markets, particularty during January to March 2025. Wrth the support of our Financial Advi%ers, we monitor the perf0m￿nCe of our investments and investment managers. The table below indKales the p￿forManCe of Navera. the fund manager of our endcvwmenls.. Pertomian¢-Toial Retum Syr Incepllon 18.7% 75.9% 60. 17.YA" 62.5% 43. 36.4% 63.ilb 69.2% Endowed Investments Actual Comparative 8erKhmark westmeni Objecifve lyi 3.5% 4.2% The perfofmance statist￿S highlight the chaI￿n91n9 econc¥mic environment. particularly the impact ol recent heightened inflation. Over the long-tem. the portlolio has perfomed well and exceeded comparative benchmarks. The short4erm underperformance against obJ"ectNe and comparative benchmark is an a￿a of focus for our oversight. Our r￿n-endNed lunds are man&pd by C8zenove who look over the mandate during the year and consequently meaninglul performance stati5tK5 are not available. ReseThes The HOSp￿e seeks lo hold financial reserves to enable servw to continue and adapt where there is an unforeseen event or economic conditws th4 ￿ate a merial shortfall in incorre ccwnpared to expenditure. During the year the HOsp￿e conducted a detailed review of its Reserve policy lo ensure that rt balanced the risks facing the Hospice whilst ￿$0 ensuring that it supported the operational and inveslment needs of the organisation. The review was methodical, seeking to understand our Strateg￿ arKI operational risks: For Strategic risks, those that could be con5hleTed existential to the ongoing operation5 of the h05pice, and by their naluie, remote in probabilty. it was consKJered apgrwriate to consider these separate to the operational risks that are to be protected ty free reserves. We recognise that in extremis the Hospi￿ would have access to free reserves, signrficant endctwment funds (for wh￿h powers do exist lo access). and also value in fixed assets that coukl be realised. Fof Operational risks, for which the most material risks ￿￿te to a potentkql short fall in income. we reviewed historic experience and considered the variabilty and volatilty in income (i.e. from retail operations. fund raising, legacies. investment$ and other in¢¢)mel. We also constdered the historic experience of unexpected and unplanned expenditure. Frun these datapoints we have been able to propose 0 5evd of reserves that would effectively rneet the impact of Core operatKJnal risks crystalising. This anatysis has then been eonverted into a poly that ststes that our free reserves should I￿ be￿een a min(mum of 3 months and a maximum of 6 months of operational expendrture. Ovr kjng-term financial planning is to target the mi&point of the pdy. 11 St Peterfs Hospice report and accounts 2024125

The reserves as at the end c the ￿coUntIng pemd are.. 2025 2024 End(wnÈnts 15.257 14160 21 Restricie¢ Rese￿￿$ Ewjwwmerrtand Re#ii¢ied Reseryes 15.295 Isi$i FiKedassets 7.601 Proletts Catytalimpro%ments Spnri¢tenhan¢ements 677 457 1.442 TotalDe51yat2d Reserves 9,624 10.648 Rtvaluaiton Re5er%Y GereralFunds- Free ReseThr5' 11,774 TotalResem5 37.381 828 The reserves are as fc4lws.' Endowment Reserves- these funds have specffic criteria for the ulilisation of their income and capital as designated by the donor. RestrKled Reserves - this is the value of unsFent donati￿$ where the donor has indi¢ate<l a wish the funds to be spent in support of a particular acts.vty or area of the Hospice. Revaluati￿ Reserve- refie¢ts the revalyalion of fixed asset investments hekj at current value. This fund is only realisable on the disposal of underfying assets. Fixed As5el Fund represents.ng the nel bo￿[ value of ffixed asset$. held * historical Cost. Only realisable through the disposal of fixed assets. This reserye includes expenditure funded by the £250k grant awarded by the Government, vka Hospice UK. which was used lo invest in our systems and pro¢esse$ to improve future income and improve our buildings and equipment lo enhance our care of patients. Service Enhancement Reserve- this represents funds set aside by the Trustees to support addr(ional patient support actiVrt￿s. in excess of the level funded by income received in the period. Projects Programme Reserve- funds set asKle lo fund inve51menl in our infraslruclure and operations to improve efficieney and produ¢tivty. During t￿ year we have de1[ve￿ a number of projects, and we have a continuing prcoramme of activity thal is anticipated to last for another couple of years. Capital Improvements Reserve- a reserve to fund the refvrbishment of our retail shops. and lo invest in new stores. lo increase our inwme from retail Operat￿nS and afford more patient care activity. Free reserves - 3 to 6 months of planned operakn.ng experKlrture lexcludmg expendrture met by designated reserves). As at the year end. free reserves were 6.7 months of undertying operating expenditLFre (excluding expenditure that is supported by DesKJnated Reserve$} whth is above the upper limrt of our poty but In line wth our long term expectations for the management of ¢)ur r8seiv8s. Should a material shctk arise for the Hospice. the Trustees Could release any uncommitted spend in the Projects programme and the Capital Improvements reseNe to extend our time window to adapt our serV￿es. As al the er￿ of the year, rf these reserves were released it would increase free reserves to 7.4 months of expendrture. Financial Oudook As part of the devdopment of our new strategy. we refreshed the 5-year forecast which is used to hefp us configure our plans to ensure that the hoSP￿e has sustainable and resilient fmances. During the last year there have been a number of increases to our undedying cost base, driven targety by changes to Fncreases in National Minimum Waje and NHS pay settlements that ults"malely impact our own pay F(Jlicy. These ehanges have made our pL4ns harder to deliver. 12 St Peterfs Hosplce report and accoynts 2024125

Our continued efforts lo ensure that the hosP￿e is sustainle in the b)ng run afy lo tsus on.. 11 Increasing inc¢)me through our relal OPerat￿S, including opening new stores and refreshing existing shops. 21 Continue to deliver on fundraising and legacy strateg￿. 31 Investvjate and invesl in new In￿Me generb)n Ventu￿$. 41 PrC¢jl￿tIVitY and effiuency through good use of t8¢hnc4ogy. By growing our incorne, and careful management of our costs. ￿ will aim to protect and grow c￿r seNi¢es to patients and their rdatives. In our plans for the coming year. we are tyjdgeting lo grow inwne but not yet lo a ￿Ve1 to offset the current cost of services. Consequenlty, we are planning lo run a deficit budget. The Trustees anti¢ipe running a defKil for a number of year5 whilst we invest in income generation init￿lIVeS. This stance is ¢onsislent with, and supported by, our reserve poJiGy. Notsvithstanding. we will keep this posrtion under conb"nuous review. Going Concern The Trustees have assessed the Hospice's abilty to ￿nb"nue as a going ¢oncem. This assessment involved review of the charity's financial poslknon. trAthdgets. and forecasts. laking into ac¢ounl potential risks and uncertainties. Based on this assessment, the Trustees have a reasonable eXpeCtat￿n that the HOsp￿e has adequate resources to continue in operational existence for the foreseeab￿ future. TherefcKe. the Truste&s continue to adopt the going concem basis in preparing the finan¢o1 staternenls. Future Plans In the first ye¥ of our new strategy. our obieclives a￿. ommunity at the Heart Expand our reach lo patients- ￿10t new'lwjht touch. SeNi￿S in community setb'ng, aimed al reaching more people at an eadier stage in their tllne5S. Streftgthen our clinical education offer-wrth a focu5 on understanding and meeting the needs of sccial care professionals. Addless inequitkes-with a continued f￿tsS on InC￿a$ln9 support to non￿ncer groups and increasing ccfflmunity engagement lo underserved communth"es. Earller ¢onversatlons. tmely support Oevelop the community engagement prc#3rammes ￿th an inrftial on wcKkpthes and schools, working in partnership with others. Continue lo work with NHS partners lo id8ntsfy opportuniti8s for earlierreferral •)d support, alvJned with the priorities in the NHS 1￿year p￿￿. Leadlng. learnlng and Innovatlng Embrace technok)gy. implementing new digital and IT solubons for clinical, corporate and income generation activities to maximse eff￿￿nCy and prcJuclNIty. Grow our income, expanding and modemising Stores, slrenglhening SlVP)rt from local commun((ie$, and exploring ¢)pportunrties for new commercial Income streams. Modernise our workspace and improve environmental su5tainabilrty at wr main hospice suite in Brenty. 13 St Peterfs Hosplte report and accounts 2024125

Structure and Governance at St Peter's Hospice Charity Structure and Subsidiary St Pelerfs Hosp￿￿ is incorporated as a charitable company limited by guarantee but without share capital. It has 8 wholly owned Subsidiary, St Peterfs Hospice Enterprises Ltd, which supports the Hospiee's retail operations. All profrts are dcrf)aled to St Peterfs HOSp￿e. its parent ￿rnpany. The Hospice is govemed by rts Merr￿ndUm and ArtKles of As8ociatK)n and a Board of Truslees. Trustees (who are also Directors of the company) are listed on page 18. The Chartty also has a number of senior employees entrtled Director who are not directors y￿1n the meaning of the Companies Act 2006. "The Charity is estsblished to prornte the ￿lief of gckrbess in such ways as Ihe Charity shall from time to trme think fit and. in particular Ibul wtthout prejudte lo the generalty of this ¢)jectl, to provtde services so as to support the physical, psychological, soual and spiritual needs of those affeded by lrfe4irniting illnesses.. The Chanty's Objects taken fmm the Articles ofAsswabon. Public 8enefit The Charities Act 2011 eXpl￿1￿Y include5 public benefit in the definition of a charitsble purpose. which every charity must have. The Act sets OLrt 13 different eharitable purposes. of wh￿h SPH meets three". 1. The advancement of health 2. The relief of those in need by ill heaMh or disabilty., and 3. The advancement of educalion. In reviewing ou¥ aims and objectNes. we have refefred to the Charrty Commi55Kgn Guidanee on Public Benefrt. In path'cular. all of the service$ provided to patients and their families are foe of charge. and edUcat￿)n programmes are provided for hea￿h and S￿al care professionals in order to promote excellence in end of lrfe care. Bo•rd and Committ•es The Board ofTnJslees is responsib￿ for the goveman¢e. kgal ￿mpliance and leadership of St Peleff s H05pice and delerrnines the strategic direction ofthe organision. oversee$ performance, and provhdes assurance. The 8oaTd meets at least four times a year. wrth additional meetings scheduled rf required. A delegated authonty policy alk3ws the Trustees lo devofve certain activitses and decisions to the bo¥d sub- committees, the Chief ExecutNe and the ExecutNe Team. Vthilst the tM)ard and most ccthmittees meet quarterly, the Executive Team meets formally mnthfy. In December 2024 the committee structure was reviewed to better align lo Sl Peterfs strategy and operations. The Boafd now works through four c¢ynmittees, each chaired by a Trustee. Each committee has a Terms of Reference that sets OLrt its ro￿. responsibilities and 8JJlhW. The Chair meets regularty wrth the Chief Executrve and other members of the Executwe Team and attends many of the coMm￿ee meetings. Rev*•V of the overall effectiveness of govemance is undertaken by the Governance Commrttee annualty using a trustee sew-assessmenl Su￿ey, results of which form a continuous improvement action plan. Trustees a150 have indivKlual 1..1 evaluation nwling with the Chair annually. St Peler's will undertake an external evaluation of ils Board Effectiveness and governance arrangements In 2026r27 in line with test prxlKe. Sl Pe￿$ has devek)ped a Govemance Framework that draws on the prinaples and recommended practi within the Charity Governants Code. This sets out in detail the aim of the governance in St Peterfs and the derived governance authority frcffj the Mwnoondum and Art￿leS ofAssocialion. The Governance Framework is reviewed ty the Board annualty. 14 St Petsr's H05pic• report ant1 accounrs 2024125

Commltto? Structure Board of Trustees Ggvernance Committee Finance. Audit and Risk Committee Income Generation Committee Clinical Services Committee Risk Management The Board is responsible fty overseeing risk managemenL St. Peter's urKlertook a comprehensive review of their approach in late 2024 and is detailed in updated risk m￿agement polry. Organisational risks a￿ revwed at least quarterty by the ExecutNe Team. with further scrutiny at commrttee and the Board ac¢LvdirKJ to risk score. with an assessment of changes in IM￿ and likelihood undertaken on this basis. Assessment of risks is integral to our prqecl management and these rtsk5 are tracked by Ihe project and Executive teams. The Chrel Execub"ve has overall ￿SponsIbl11ty for risk management within St Peterfs Hospice. The corporate llsk register detail$ the main ri$k$ for the organi￿tIOn and the controls in place. The pfincipa risks and uncertainties facing the hoSp￿e are considered to be.. Failure to generate suffiuenl income to fvnd planned servi￿5. Workforce ¢apacty and resilience- abilty to recnjit and retsin stsff and volunteer5 Wrth the Tight skills. Information securty and Cyber - Loss of key sensitive information and lor essential IT and digital systems. Geoknpolitscal instabilty. domestic ecOnC￿lC and healthcare poI￿Y development. The Hospice continues to mrtigate these risks through actrve management, in particular the continued growth and investment in our income generation a¢tiwties. cautious cost management, investing in training and recruilmenl, and maintaining vigilance over our systems and asscKK8ted control environments. In addition. we hold appropnale insurances and maintain a reserve poly that provides financial miéNJation for the impact of risks. Fundraising- Charities {Protg¢tion and So¢lal Investment) A¢t 2016 The Hospice is engaged in many activities to raise fiJnd5 for ¢￿r chwitable purpose. These include events, challenges, sponsO￿d aCts"vrt￿$, k¢81 lottery. raffles, fiJndraL%iThJ campaigns (online and through mailings) and grant applications. We are Committed to operating to the highest stsndards of fvndraising eth￿S and practices and undertake our activit￿S in line with the Code of Fundraising Pract￿e. We continue to be registered with the Fundraising Regulalor, the independent body that regulates Charrtab￿ fundraisÉng m the UK. We are also registered wrth the Gambling Commission with ￿SpeCt lo our lottery and raffles. We lake the management of da sefbousty and our fundraisirvJ a¢tprfities ccffifom) to all relevanl D*a Protection legislation. Our ¢wnplaints prttedure is ckar on our web5rte and can aso be enacted through all other communication channels. During 2024125 we recewed 6 eomplainls relating lo our ftjndraisino or communications practices and 4 requests to be removed fr(yn mailings via the Fundraising Prefe￿nCe Serv￿. In communicating our work to supporters. we also recognise that the users of our serv￿e$ Can be vulnerable and require prolecbon from hann, abuse and expbitalion. The prNacy and dignity of our patients is a foremost consideralKJn as is sensitivity lo their needs and wellbeing. Our 'vulnerable people, policy governs how we approach this matter and our contracts wth Professional Fundraising Organisalions also include strict pr¢xes5es in relation lo this. 15 St Peter's M4)spl¢e and accoun15 2024125

St Pelerfs role In the buslness ¢ommunlty The Hospice tskes its TO￿ in the business communrty seriousty and works with numerous kncal suppliers and businesses. many of whom also seek to support us through fundraising and volunteering. We are also members of local business group$. such as Business West and Bristol Chamber of Commerce. thin the healthcare &nvirorwnent we WO￿ closety with ¢yJr kncal Integrated Care Board and other Care providers wrthin the local Integrated Care Parlnership. both at an operational afvj strategic thl. Environmental 5UStainability strategy and reporting Followng the creation of a Sustainabilty SteerirvJ Group during Ihe year we commissioned a Ixal environmental consultarry to help develop a gcrxj underslanding of our greenhouse gas baseline and used that lo develop our ambition. strategy and xlions plans to meet 'nel zero,. "The strategy will be proposed to TTU51ees during the forthcoming year. Strnamlined Energy and Carbon Reportlng Methodolo Our charity shops, warehouse, howce site in 8rentry and Long Aston office all use electr￿ty for light. heal and power. The KWH usage was prOV￿e￿ by our energy supplier. In addilK)n to this. three shops and the main hospice sile also use ga5 central healing. The amount of electrKal and gas energy has been calculated using information on the supplierfs bills and converted to grams of carbon dioxKle equivalent using the UK Govemmenl's GHG Conversion Fadors for the prior year. In the yearwe swtehed our eleclrtty suppty to a fvlty rene4vable tariff. sothe Swe 2 ￿rbon dioxide emissions reported in the tsble belw are from electricty purchased under the prior year contrxt up until the date of the transfer. The other main carbon source 15 travel by cars and vans. This is splrt into staff mileage (including the communrty nursing team who visrt patients at homel, volunteer mileage (who transport patients tofftom the hospice for services using their own cars}. palnl support veh¢les {used to transport pients to the in-patsent unit). and goods vans which ère used by the retsil team to transport gcrf)ds and seNice the retail outlets. Given the large number ofdifferentveh￿eS used throughout. composrte rateSwe￿ applied where speufic da was iryract￿a1. The UK Government GHG convers￿)n Fxlors fry Crjnpany Reporting 2024 has been used to provide the required conversion rates. 2025 2024 Energy consumption used to culale emi￿On8 (klAlh) Scope I Idlrect emisslonsl Emissions from consumption of w (kgC02e) Emissions from owned vehicles {kgC02e) 1.831.288 1,803,315 79,937 25.198 105.134 82, 743 16.734 99.47T Scope 2 (energy indirect) Emissions from purchased electricty IkgC02el 47,680 47,680 198,476 198.476 Scope 3 (other indirect) Emtssions from rn)n-cwned vehicles {kgC02e) 82,495 82.495 78,368 78.368 Total gross emissions IkgC02el Intensity ratio IkgC02e per employee FTE) 235,310 3T6,321 615 725 16 St Pots￿$ Hosplee report and occounts 2024ns

Remuneration Statement The Hospice e￿$t$ to provide Co￿ and support for adult$ with Irf￿1m1tin9 illnesses and the￿ families. The provision of these servi¢es Ès dependent on cxjr abilty lo run an efficient organisation and to generate income through fundraising and retail a¢tivth'es. In order to be successful, we need to be able lo attract and relain staff with a wide variety of skills. knowledge and experience, of wh￿h is highty 5pecialised. We therefo￿ aim to be competitNe in the dtfferent re¢rurtmenl markets where we compete for ta￿nI. while tsking a balanced and responsible approach lo the use of the Charity's fiJnd$. In accordance with FRS 102 The Financral Reporting Standard appl￿ble in Ihe UK and Republic of Ireland. and Charity SORP 2015. St Peterfs Hospice dLsd05es". all payments lo Iruslees {no Trustees Teceive"payl the number of staff in le￿IPl of rTh)re than £60,OCQ {in bands of £10.000}', and penshjns and other benefits. In accordance wth our Pay Policy, we will benchmark pay again in 2025. The Hospice has a Governance Ccrfnmiliee which meets fv￿.¢e a year and requires the attendance of al least three Trustees to be quorale. One of the responstjilrties of this committee is to review and determine the salary and remuneration package of the Chief ExecutNe and senicf management of the Hospice. Trustee R8cruilmenL Induction and Training The Hospice has a Governance Committee which meets at least tsvice per year and requires the attendance of at least three Trustees lo be quorate. One of the responsibilrtie5 of this commrttee is to r8vi8w and determine the salary and remuneration package of the Chief ExeculNe ar￿ senior management of the Hospice. The Governance Clynmittee is respons*Jle for monrtorrng Board composthon a￿1 ￿v￿ls the schedule of trustee appointments as a standing agenda item. tt considers forthcoming reappointments and retirements and thus identrfies future recnjitment nee(ls, specifically addressing skillset requirements making recommendations as appropriate to the Board. A variety of recruitment method$ are used. The 8oard has signifunlly widened the INed experience of trustees recently, as well as the use of co-opted committee members to broaden the expertise available. Trustees follow a formal induction Pr￿Jramme. undertake approprkate statutory and mandatory training and are recommended to attend external training and further development wportunities. Trustees are invited to Board Developrnenl sessions Ihrou9hout the year. A list of the liustees, 0￿er$ and advisers is prowded on page 18 and forms part of the Tru5tees' reporL 17 5t P•terfs Htsspl¢¢ ￿pOrt and accounts 2024125

Statement of Trustees, responsibilities A list of the trustees. officers and advisers is provided on page 18 and fonrts part of the Trustees, refk)rL Companies Act 2006 - Section 172 Se¢lion 172 01 the compan￿ Act 20ffi requires trustees to act in a way that promotes the success of the chanty for the benefit of its bene￿"aries. considerin9 various fxtors. The Trustees confirm Ihal they have acted in gO￿j faith to promote Ihe Charity's success for its beneficiaries. They have ¢0nsMJe￿d the long4enn impact of thw'r decisions, the interests of empbyees and volunteers. relationships with suppliers and dOr￿r$, the ¢ommunty and environment whilst maintaining high standards of conduct. They have also ensured faimess among all members ofthe Charty. The Board is responsible for preparing the Trustee5' Rep￿ and the financol staterrnts in a(xordance wrth applicable law and regulations. Company and Charity law requi￿$ the Board to prepare financial statement$ for each financial year. Under that law the Board has elected to prepare ffinancial slatemenls in accordance with United Kingdom Generally Accepted Accounting Practice Iunited Kingdom AcccMJnting Standards and appluble law). Undercompany law the directors must not appr¢)ve financral statements unbess they are salrsfied that they give a true and fair view of the state of affairs of the company and of the Surplus or deficrt of the Charrty for that period. In preparir¥J these financk?I ststernenls. the Board is ￿quired to." $dect the most suf(able accounting policies and then apply Ihem consislenlly,. make judgments and accounting estimates that are reasonab￿ and prudent", state whether applicable UK accounting Star￿ardS have been follcmed, subject to any material departures disclosed and explained in the financial statements". prepare the financial slatemnls on the going concem basis unless rt ts inapproprie to presume thal the Charty will continue m business. The Board has overall responsibilty for keeping adequate accounts.ng records that are sufticient lo show and explain the Charity's transa¢tions and disdose with reasonable xcuracy al any bme the financial position of the Charity and enable them to ensure that the financial statements comply wrth the Companies Act 2006. They are also responsible for safeguarding the assets ol the Charity, ensuring that the as5et5 are property applied in accordance with Charity law, and hence for taking rea50Trab￿ steps for the prevention and deteclTron of fraud and other irregulaTilies. Siatements a5.to disclosure of infomiation to auditors The Trustees have takell all the necessary steps to me Ihemselves aware of any relevant audit infomialion and lo establish that the authtois a￿ 84¥are of that infrmwlion. As lar as the Trustees are •¥are, there is no re￿V￿t aLKlit inf0m￿tiOn of whth the company's auditors are unaware. Audltors A resolution to reappoint Crm UK LLP as audrtors to the Company and to authorise the Board to agree their rernuneralion will be pr¢sxJsed al the Annual General Meeting. Tw$tee$' report. incorporating a strategic reFQrt. was approve(I by ¢yder of the Board of Trustees by.. Helen Morgan Chair Dale.. St Pelerf5 Hospice Charhon Road Bienlry Bristol BS106NL 18 St Pterf$ Hosp•ce report and accounts 2024125

L￿al and admlnistrative informallon Ice PreSId￿rtS Mr5 P Davis MrARGJames Mr K T Pearce Banker4 National We5trninster Bank PIC 32 Corn Street 8ri%tol BS1 1HQ Member5 of the Board of TTUStees Ms H Morgan, Chair Ms A Godfrey, Treasufer Mr M Campbell (￿tIred December 2024) Mr J Bigwood {resigned 16U% December 2025) Mr R Taffinder, Chair Mr R Naivaluiua Dr A Wint Mr D Ardron lappointed 24kn September 20241 Mr C Budd (appointed 24th September 2024) Mr J Bower lappoinled 24th September 20241 Ms M Crayton (appointed 26th June 2024) Dr E K Reed (appointed June 20241 Ms S Talbot-Willk?ms (appointed 26th JL￿e 20241 Auditor Crcwe LLP 4th Fk)or. Sl James House Sl James Square Cheltenham, GLSO 3PR Legal Advisors vea￿ Wasbrough Vvzards Narrow Quay House Bristol BS1 4QA Vrfomble Bond D￿kInsOn {UKI LLP Temple Quay. 3 Temple Back East Redclrffe, Bristol. 8S1 6DZ Company Secretary Mr D Spicer Investrnent manager5 Cazenove Capital 10 ￿￿to[la Streel. Bristol. BS16BN Principal Officers Chief Executive Mr5 Susan Hamilton Navera Investment Management Llmit¢d Riverside House. 2a Soulhwark Bridge Road London SE19HA Medical Dirgdor Dr A Mullick Fundraising office Unit 18 Orchard View, Estune Business Park, Pear Tree Avenue. Long Ashton, 8S41 9FH Director of Pationt Care Ms C Bens¢ Oirector of Finance and IT Mr D Spicer Reg￿tered office st Peterfs Hospice, Charlton Road, Brenty, Bristol, BS10 6NL Dlre¢lor of People and Support Ms H Pirouel (resigned 25th July 2025) Ms A Gillespie18ppointed 11th A￿ust 2025) Registered Charity number 269177 Registered company number 1191227 Dlredor of Fundraising and Communications Ms S Allen-Gunn Web slle address tefsHos Retail Director Mr J Brt)omhead 19 St Petsr's Hospic• report and accounts 2024ns

ST. PETERE HOSPICE (A company limited by guarante•) INDEPENDENT AUDITOR'S REPORT TO ThE MEMBERS OF ST. PETER'S HOSPICE Oplnion We have audite(I the financial stslemenls of St. Peterfs Hospio (the 'parent charitable Company'l and ils subsidiaries Ilhe 'group'l for Ihe year ended 31 March 2025 which comprise the Consolidated statement of financial a¢b'vities, the Consolidated balan￿ sheet, the Chartty balan￿ sheet, the Consolidated slalement of cash fl¢)ws and the relaled notes, induding a summary of svJnificant accounb.ng policies. The financial reporting framework that has been in their preparabon is applicable law and Unrted Kingdom Accounting Slandard$, including Financial Reporting Slandard 102 'The Financial Rep)rting Slandar(l applicable in the UK and Republi¢ of Ireland. (United ￿'ngdoM Generalty Accepted Accountsng Practs'cel. In our opinion the financial statements" give a true and fair view of the state of the Group's and of the parent Charitable cornpanys affairs as at 31 March 2025 and of the Group's inclyning rescNJrces and applicats.on of resources. including its ineome and expenditure for the year then ended. have been proFerly prepared in aCc￿lanCe tfvAth United lfjngdom Generally A¢￿pted Accounting Practsce,. and have been Pfepared in accordance with the reqUIr￿)ents of the Companies Act 2006. Basls for oplnion We conducted our audit in accordance ￿th lntemats.onal Stsndanls on Audkn"ng {UKI IISAS {UKII and applicable law. OUT responsibilities under those standards are further descnbed in the Audilols responsibilities for the audit of the financial statements secb'on of our reporL We are independent of the Group in accordance with the ethical requirements that are rdevant lo our audit of the financial statements in the United Kingdom, including the Financial Repo￿.n9 Council's Ethi￿1 Stsndard, and we have fulfilled our other ethical responsibilities in accordance wlh these requirements. We believe that the audrt evidence we have obtained is suffi¢ient and appropriate lo provtde a basis for our OpinK￿. Conclusions relating to going ¢on¢ern In auditing the finanual slater￿nts, have conduded that the Trustees. use of the going concem basis of accounting in the Preparation of the financial statements is appropriate. 8ased on the Wofk V•e have perfomRd. have not identiw any material uncertainties ￿latIng lo events or condition5 that, indmdualty or ￿lIe¢￿Vely. may ¢asl Signif￿nt doubl on the Group's or the Pa￿nI charitable compan15 ability to ￿ntsnu as a going ￿cern for a penod of at least hvefve months from when the financial Statements are aLtlhorised for issue. Our responsi￿lI1es and the resPc￿￿t￿.litleS of the Trustees tith respect to going concem are described in the relevant sections of this report. Page 20

ST. PETER'S HOSPICE (A company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST. PETER'S HOSPICE (CONTINUED) other infomiation The other information comprises the Informatic￿ induded in the Annual rewjrt othef than the financial statements and our Auditorfs report Ihereon. The Trustee5 are re5pons¢ble for the other infomiation contained within the Annual report. Our opinw on the finantyal $tslen￿nts does not Cover the other inlorrnab.on and, except lo the extent otherwise expliody stated in our report. ￿ do not express any forrn of assurance ￿nClusion Ihereon. Our responsibilty is to read the other information and, in doing so, congder whether the other information is materialty incon51slent the finanual statements or our krknvledge obtained in the COUTse of the audit. or otherwise appears to be materially misststed. If we identsfy such material inconsistencies or apparent material misstatements, we are required to determine whethef this gNes rise to a material misstatement in the financial statements themsefves. If, based on Ihe work we have performed. we condude that there is a rnalerial misstatement of this other informaticffi. VR are required to report that lact. We have nothing lo repryt in Ihis regard. Oplnlon on other matters preseribed by th• Companles Act 2008 In our opinion, based on the work undertaken in the course of the audiL the information gNen in the Twslees, Repx)rt including the Strategie Report for the financial year for which the financtal stateffents are Prepa￿ is consistent with the financial $￿te￿￿TrI$. the TTuslees' Report and the Strategic Report have l)een prepared in accordance with applicable legal requirements. Matt•vs on which we are requlred to report by exception In the light of our knowkdge and understandiThJ of Ihe ehantsble eompany and its environment obtained in the course of the audrt. we have not identified rnaterial mtsstateff*nts in the Trustees. Report indudin9 the Strategic ReporL We have nothing to report In respect of the folh)wing matters in ￿latson lo which Companies Act 2006 requires us to report to you rf. in our oynion.. the parent Charitab￿ company has not kept adequate and suffiC￿nI aCcoun￿g records. or retums adequate for our audit have not ljeeft rtteived from brarthes not visited by vs." or the parent chwitable company financaal Staterr￿nts are not n ￿reernenI the accounb'ng records and returns", or certain disclosures of Trustees. remuneration specified by law are not made.. or we have not received all the infLYmats"on and ewanalions we ￿quIre for our aud Page21

ST. PETEifs HOSPICE (A company limlted by guarantee INDEPENDENT AUDITOR'S REPORT TO ThE IAEMBERS OF ST. PETER'S HOSPICE ICONTINUEDI Responslbllttles of trnstees As explained more fulty in the Trustees. responsibilitses State￿n( the Twslees (who a￿ also the direclors of the charitable company for the purposes of company law} are responsiNe for the preparation of the financial statements and for being satssfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of fjnanoal slatements that are free from material misststement, whettTer due to fraud or error. In preparing the fina)aal statements. the Trustees are respon&ble for assessing the Group's and the parent eharilable company's ability lo continue as a going c￿nCern, disdosing, as applicable, matters related lo going concern and using the going concem basis of accounb.ng unless the Trustees either intend to liquidate the Group or the pa￿nt charitable company or to cease operatK)ns. or have no ￿811$￿ altemative but to do so. Auditorfs respons4bilities for the audit of the financial staternents OUT objectives a￿ to obtsin reasonable assurance about whether the finanual statements as a whole aTe free from material misslalemenl. whether due to fraud or error. and to issue an Auditorfs report that Includes our opinion. Reasonable assurance is a high ￿Ve1 of assurance. but is not a guaranteè that an audrt condu¢led in accordance wth ISAS IUK} will a￿ayS detect a material misstslement when rt exists. Mi5slatements can arise from fraud or error and are ¢onsKlered material rf, indNidually or in the agg￿gate, they could reasonably be expected to influence the econ¢)mi¢ deo'gons of users taken on the basis ol these financial statoments. Irregulantses. ir￿lUding fraud, are instances of non-comFlk4n￿ wth laws and regulab"on$. We ¢Jesign procedures in line wth our responsibilit￿5, Outlined above, to detect material misstatements in respect of irregularibes, induding fraud. The extent to which our procedures are capable of detecting irregularities, inctuding fraud is detailed below". We obtained an understanding of the leg￿ and regulatw frarrEworks Within whth the charitable company and group operates, flxusing on those kws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial slalemenls. The laws and ￿Ula￿onS we considered in this eonlext were the Companies Act 2006. the ChafTties Act 2011 together with the CharIt￿S SORP {FRS 102). We assessed the required compliance these laws and regulath.ons as part of our audit procedures on the related financial slalemenl items. In addition, we considered provisons of other I￿ and re9uLgtions that do not have a direct effect on the financial statements but complianee tpath whid) mym bè fundamental to the charitable company's and the gioup's ability lo operate or to avoid a material penalty. We also conshdered the opportunibes and in¢enlNes that may exist within the charitat￿e company and the group for fraud. The laws and regulat￿nS we considered in this ntexl were the COC RegUla￿"OnS and General Data Protection Regulations. Auditing standards lirnit the required audrt procedures to idenb.fy nort<omplrarTrce with these laws and regulats'ons lo enquiry of the Trustees and othef management and inSpeCt￿n of regulatory and kgal correspondence, if any. We identified the greatest risk of material impact on Ihe financial ststernents from irregularities. including fraud, lo be with Ihe completeness and accura￿ of income {speryfically non-NHS grant income and *acy income) and the override ol controls by managemenL Our audit proceduffts to resFond to these risks included enquiries of managemenL and the Audit Committee a￿ut th￿"T Cf4vn idenlificab"Dn and assessment of the r¢sks of irregulanties, designing au¢Jil procedu￿$ over income strearns noted above. sample lesling on the posting of journals, reviewing accounting estimates lor biases, reviewing reguialory corresp)ndence with the Charity Commission and reading minutes of meeb.ngs of those charged with govemance. Page 22

ST. PEfEifs HOSPICE IA company limitod ty guarante•) INDEPENDENT AUOITOR'S REPORT TO THE ￿mBERs OF ST. PETER'S HOSPICE ICONTINUEDI Because of the inherent limitth'ons of an there is a nsk that We wil not dde¢l al irwularilies, induding those ￿adIng lo a material misstatement in the financial staterr￿ts N nOTrcom￿lance regulation. This nsk increases the more that cryn￿lanCe with a or regulati￿ is removed from the events and transactions reflecled in the financial statements, as t4Va wll be ￿ likdy to be￿rne a•rare of instsnces of non-compliance. The risk is aso grealer rewding irregulaiibe5 cccurring due to fraud rather than ermr. as fraud involves inlenkn'onal concealr￿n1. f￿ery, cc41usion. 1xnissK￿ or miS￿presentation. A frjrther desuiptity) of our Tespon$ibilitEs for the audit of the statements is I¢￿￿ed on Ihe Financial Reporting Council's website at.. www.froo .uklaudrtor5 nsibilities. This description forms part of our Audilo¢s repo U8e dour report This report is made sowrf to IM ¢harilable r￿pan￿$ menth. as a body, in accordance wth Chapler 3 of Part 16 of the Companies Act 20C6. Our audit work has been undertaken so that we fflighl state to the charitablo company's membefs those matters we are required to state to them in an Audilorfs reFOrt and for no other purpose. To the fvlesl extent pemitted by law, we do not 8￿pt or assume Iresponsibilty to anyone other than the charitable cc*npany and its meml)ws. as a bc#Jy, for our audit wort lor this reF￿. or for the opinions we have formed. Guy Biggin Isenior ststutory auditor) for and on behalf of Crowe U.K. LLP Statulw Auditor Fourth Floor Sl James House St James Square Cheltenham GL50 3PR Date.. 23 Oeeember 2(r25 Page 23

ST. PETER'S HOSPICE (A company limited by guarantsel CONSOLIDATED STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING INCOME AND EXPENDrrvRE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 UnTestri¢trd Restrkted Endowment funds funds funds 2025 2025 2025 £000 £000 £000 Total nds 2025 £¢)00 Tolal fvnds 2024 £000 Income and endowments from: Donations and legaaes Charitable ath"vilie5 Investments Other trading In￿ Total income and endowments 4574 3.620 808 10,377 4,902 3.871 808 10,377 4,814 3.430 480 251 10,197 19.379 5PJ 19.958 18,921 Expenditure on: Raising furKIs'. Donats"on and legacyes Trading and other activities Charitable actiV￿e5 465 465 662 9.129 11,681 9,245 11.928 8,278 10,941 247 Total expenditure 21.275 247 21.638 19,881 Net lexpenditure)fin¢ome before net gains on Investments Net 9ains on investments 11.896 332 (116) 11,6801 (960) 213 233 2.304 Net l•xpenditureifincom• Transfers bethen funds 11.876} 332 97 11A471 1,344 24 315 13151 Net movem•nt in funds 11,5611 17 97 11.447) 1,344 Ro¢on¢iliation of funds: Totsl funds brought forward Net movement in funds 23,647 21 17 15,160 97 38.828 (1.447) 37,484 1,344 Totsl fund$ ¢arried forward 22,086 15.257 37,381 38,828 Page 24

ST. PETER'S HOSPICE IA Company limiled by guarantee) REGISTERED NUMBER: 01191227 CONSOUDATED BALANCE SHEET AS AT 31 MARCH 2025 2025 EOOO 2024 £000 Not• Fixed assets Intangible assets Tangible assets Investments Investrnent propety 16 17 7.317 23,664 850 7,366 22,469 850 18 19 32,115 30,685 Current 4s$ots Stocks Debtofs Investments Short term Investments 20 21 63 4.737 5,252 1,080 1. 107 3,174 Cash al bank and in hand 2.423 7,229 10.666 c￿￿110r$.. amounts faling due within ¢)ne year 22 11.617) {2,221) Net current assets 5,612 8.445 Total ass•ts l•ss curr•Tht liabilities 37.727 39,730 Provisions forlokn'lilies 23 1346 (302) Totsl assets 37.381 38,828 Page 25

ST. PETER'S HOSPICE IA company limited by guarantee) REGISTERED NUMBER: 01191227 CONSOUDATED BALANCE SHEET ICOPrnNUED} AS AT 31 ￿RCH 2025 2025 £000 2024 £000 Note Charfty fvnds Endowment fvnds Restricted funds 24 24 15.257 15, 160 21 unrestr￿ted funds Designated fiJn¢Js General funds Revaluats'on reserve 24 24 24 9.625 11.774 10.648 12,312 687 Total unrestricted funds 24 22,086 23,647 Total funds 37,381 38,828 The Trustees acknovAedge their re5ponsibilitses for compfying with the requirements of the Act wilh respect to accounting rewds and preparation of finanaal ststements. The financial statements were approved and author￿ed for issue by the Tru51ees arKI signed on their behalf by.. Helen Morgan Chair of Board of Trustees Alison G¢xlfrey Chair of Finance, Audit and Risk Committee & Treasurer Date.. The note5 on page5 30 to 60 fom part of these finanual stslements. Page 26

ST. PETER'S HOSPICE IA company limited by guarantee) REGISTERED NUMBER: 01191227 CHARrrY BALANCE SHEET AS AT 31 PIARCH 2025 2025 £000 2024 £000 Not• Flxed ass•ts Intangible assets Tangible assets Investments Investment propety 16 17 7.356 23,664 850 7.405 22,469 850 18 19 32,154 30, 724 Current assets Debtors Investments Short tem) investments Cash al bank and in hand 21 4.868 5.231 1,080 1, 107 2.901 2.154 7.028 10,379 C￿dItOrS.. arrnunts falling due wrthin one year 22 (1.597) (2.265) Net ¢urr•nt assets S.431 8,054 Total assets less curnent IlabllltSes 37.585 38, 778 Provisions for Iratslities 23 (346> (302) Total net assets 37.239 38,4T6 Page 27

ST. PETER'S HOSPICE IA company limited by guarantee) REGISTERED NUMBER: 01191227 CHARiff BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 2025 2024 Charlty lunds Endowment funds Restricted fijnds Unrestricted funds 24 24 16.257 75. 760 21 Designated fvnds General funds Revaluation reserve 24 24 24 9.806 11.451 10,687 11.921 687 Total unr8$tricted funds 24 21.944 23.295 Total funds 37.239 38.476 The Charity's nel mo¥eff￿nI in fijnds for the ye& was £11,237k) (2024- £1. 151kJ. The Trustees acknowledge Iheir responsibil￿"e$ for comth'ng with the requirements of the Act wth respect lo accounting records and preparnts.on ol finantsal statements. The financial statements were approved and a￿th￿l$e(l ts issue by the Tru$te8s and soned on their behalf by." Helen Morgan Chair of Board of Trustees Alison Godfrey Chair of Finance. AudTt and Risk Committee & Treasurer Date". The notes on pages 30 to 60 fomi part ol these finanaal statements. Page 28

ST. PETER'S HOSPICE IA Company limited by guarnnteel CONSOUOATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Note Cash flows from operntlng actlvttles Net cash used in operatsng &b"vibe5 27 11,9931 (1.879) Cash Ilows from investing activbties Dividends. interests and rents from irwestsrnnts Purchase of intangible assets Purchase of tangible fixed assets Proceeds from sale of investrnents Purchase of investments 808 12241 15581 4.550 15,51S) 480 (545) 5,649 {4,900) Net cash (used inllprovided by investing a¢tiviti•s 1939) 684 Change in cash and cash equiv•lents in the year Cash and cash equNalents at the beginning of the year 12.932) 11.195 6,556 S.361 Cash and cash equivalents at the end of the year 28 2,429 5,361 The notes on pages 30 10 60 fomi part of Ihese financia statemènts Page 29

ST. PETER'S HOSPICE A Company lirnited by guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Gener41 inforn)alion SL Peterfs Hospice is a charitable company limited by guarantee and is incorporated in England & Wales, registered company number 01191227. The members of the charitable company are the Trustees who are also ordinary rnembets named on page 18. The liabilrty of members in the event of a winding up 1$ limited ty guarantee lo an amount not exceeding £1 per member. A¢¢ountlng pollcles 2.1 Bisis of preparation of financial statements The finanaal statements have bèen prepared m accOr¢Jan￿ ￿1h the Charit￿$ SORP {FRS 102) - At￿￿nting and Reporting by Chanb"es." Statement of Recommended Pracb"ce applicaNe lo chanlies preparing their accounts in accordance the Fina￿la1 Reportln9 Standard applicable in the UK

nd Republic of I￿land IFRS 1021 leffect￿e 1 January 20191. the Financial Repo￿ng Standard

applicable in the UK orKI Rewblic of Ireland IFRS 1021 and the Companies Act 20C6. St. Peterfs Hospice meets the definitt.on of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at hislorical cost or transaction value unless otherwise stated in the relevant accounting polw. The Consolidated ststement ef finanua &tivilies {SOFAI and Consolidated balance sheèt consolKlale the financial ststements of the Chanty and its subsidiary undertaking. The results of the subsidiary a￿ ¢onsdidaled on a line by line basis. The Charity has taken advantage of the exempt￿1 allcmed under sectson 408 of the Companies Act 20￿ and has not presented its own Statement of finanaal athwties in these financial ststemenls. The finan¢ial statements are prepared in sterling which is the functional currency of the Charity and roun¢Jed lo Ihe nearest £'OOO. Con¥wative infomMtp)n relates lo the year ended 31 March 2024. 22 Golng concern The Trustees have assessed the Hospts's abilty to continue as a going concern. This assessment involved a review of the charitys finanaal posrtion. budgets, and forecasts. takn.ng into aecount polentsal risks and uncertainties. Based on this assessment. the Trustees have a reasonable expectation that the Hospiee has adequate resources to conts.nue in operab.onal existen￿ for the foreseeab￿ future. Therefore, the Trustees continue to adopt the goiry concern basis in preparing the finanryal statements. Page 30

ST. PETER'S HOSPICE IA company limited ty guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (continued) 13 Income All income is recogn15ed On￿ the Charity has enliuement lo the income. it is probable that the income will be received and the aTh)unt of receivable can be rrtasured reliabty. Where income has related expenditure {as vnth fvndraising or contract incom8} the income and related expenditure are reported gross in the Stslement of FinarKial Acb"vth'es. Oonations. grants and gifts are recc•3nised when receivable. In the event th* a grant is subject lo fulfilling performance conditions before the Charity 15 entstled to the funds, the income is defer￿d and not recognised until it is protsa￿e that those ¢onditsons wll be fulfilled in the reportin9 period. Income from Gift tsx fedaims is ￿¢¢¥jnI$ed for any donations with relevant Gift Aid certificates recognised in income for the yeaf. Any amounts of Gift not received by the year end are accounted for in income and accrued income in debtors. . Income from NHS contracts. govemrrent and other grants. whethef 'capital' grants or 'revenue' grants, a￿ recognised when the Charity has eno1￿ment to the funds. any performance conditsons attached to the grants have been met. it is probable that the income will bg re¢eivod, and the amount can be measured reliabty and is not deferre(l. LegaC￿S are valued in the a¢¢ounts when it has been assessed that receipt of the gtft is probable. This assessment indudes.. Confirmation and evidence that pfobale has been granted, and A copy of the legatorfs will has been r￿1Ved to confimi the Charilies, entillemenl.. and The executors have infomTrd Ihe Charity that suffia'ent assets exist to meet the liabilities of the estate and lo pay the ￿gaCy. Where legatyes have been nob'fied to Ihe Charity. or the Charity is aware of the granting of probate, and the ¢rileria for income re¢ognibon have not tjeen met then the legacy is treated as a contingent asset and disdosed if material. Grant in￿ffle T&eived relat￿9 to the f￿h￿ing year is deferred untl the criteria for income rec¢43n￿.on are mèt. Interesl on deposit fvnds hekl is inclLKled when receivable and the amount can be measured reliably ty the Charty vthich is nom7alty UFon notfficalion of the Inte￿St paid or payable by the bank. OivKlends are recognised once the divtdend has been ¢Je￿a￿d and notificats.on reGeived of the dividend due. Lottery 1ft￿me is accounted for in respect of th¢)se draws that have taken place in the year. Page 31

ST. PETER'S HOSPICE IA company limited by 9u•rant•• NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Aeeountlng policles (contlnuedl 14 Donal¢d goods and s•r¥ic•s It has been judged that the benefft lo the user of the ￿COunts from delemining and reporting the value of the donated goods Pr￿r to Sale is less than the costs in¥ofved in obtaining that valuation. AS a resuK irading income ts recognised ￿ point of sale for both (k)nated arKI purchased g¢)ods. Donated professional sery1￿$ and facilitses are included in income at the estimated value of the gift to the Charity when rewved, based on Ihe arrThJnt that the Charity woukl have been prepared to pay for these services or fa¢ilrties had it been required to purchase them, a corresponding entry in the appropriate expenditure heading for the same amount. Donated fixed assets arg similarly taken lo income at the value to Ihe Charity. with the other enty being caprtalised in fixed assets. IS Expenditurn Expenditure is ￿Cognised once the￿ is a legal or constructive obligation to transfer economic benefit lo a third paty, It is probable that a transfer of economic benefits will be required in settlement and the amount of the obligats'on can be measured reliably. Expenditure is classified by activity. The costs of each activty are made up of the total of direcl costs and shared costs. induding support costs invofved in undertaking each activity. Direct costs attributable to a single a¢livity are allocated directly to that actvity. Shared costs wh￿h contn.bule to more than one acbvity and sUPPOrt eost5 which are not attnbulable to a single acb.wty are apPort￿ne(l be￿n those a¢b'vities on a basis con51s1enl with the use ol resources. Central stsff costs are allocated on the ba$1$ of b'me spen( and depreciatson charges allcKated on the pth.on of the assel's Use. Fundraising costs are spltl be￿een trading and the cost of generating donations and gifts. Costs. Whe￿ posgble are di￿¢tty allocaled to eath activity. General fvndraising support costs are allocated to activities in proportion lo the headcount supporting them. Where activib.es generate donations and gifts as wdl as tfftding income. costs are apportioned on the basi5 of income. Fundraising costs incurred in seeking voluntary contributKJns do not indude the costs of disseminab'ng information in support of the charitable activth"e5. Expenditure on chanlable actNib"es 15 incurred on directly undertaking the actNitses which further the Group's objectives. as well as any asscciated 5UPPOrt eosts. Ba&$ for suppgrt ￿SIS all¢xation Is as follows." AdministrathM and management costs have been albxated based on a cornbinatKJn of the number of staft in an area and actual tsme Spent by support staff. IT and Finance departmental costs have been allocated based on the eombinal*)n of adivity levels and staff numbers. Goveman¢e departmental costs have been allocated based on staff numbers. The value of the services PTOVKled by volunleets is not IrKx)rpoTaled into tt)ese financial statements. Further detail of their contribub.on is provided in note 13 to these financial statements and in the Trustees report. All expenditure is inclusr¥e of Yrecoverable VAT. Page 32

ST. PETER'S HOSPICE (A company limited by guarantee) NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (conlinued} 2.6 Intangibh x$ets nd amortisation Intangl￿e assets are inib.alty re￿nised at cosL After recognition, under the Cost model, intangible assets a￿ measured at cost less any accumulated amth"sation any ￿uMUlated impainnent losses. knv)rttsalion is prov¥Jed on the folowng basis: Computer sofhvare 5-10yea 2.7 Tangible fix•d assets and depr•ciation Tangible fixed assets costs.ng £1,000 or more are capitalised and recognised when fijture economic benefits are ￿￿Obable and the cost or value of the 855et can be measured reliably. Tangible fixed assets are initialty reeA)gnised at cost. After recoqnition, under the cost model. tangible fixed assets are measured at o)sl less accumulated depreaation and any accumulated impairment losses. Afl costs incurred lo brin9 a tangible fixed a55et into its intended woth.ng condition should be included in the measurement of c051. Dep￿¢[all0n is charged so as to alkxale the co of tangible fixed assets less Iheir residual value over their estimated usefvl INes. Depreciation ts piovJed on the foll¢y•ving bases." Freehold land - Not depreciated Freehokl propety - 2°h perannum 8uilding improvements 100h per annum Fixtures, fittings. equipment and_ 100h_33% per annum vehides Shop refurbishnpnts - 17% per annum Deprecralion is tharged montNy following the month of acquisib"￿. The Inpatient Unil is wjunted for using Component accountirkg. The buikling has been divided into its major components vthich are o)nsidered to have substantrally different usetul economic lives as follows.. Exierior walls Roof Stairs Electn.￿l systems Ceiling Fences Mechanieal systems Paths Inlemal walls Windcjws and dcors Lift Lan¢Jscaping External fixtures Drainage r conditKning 50 yea 50 yea 50 years 40 years 30 years 30 years 30 years 25 years 20 years 20 yeats 15yea 15 years 10 years 10 years 10 yea Pag8 33

ST. PETER'S HOSPICE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounllng policles lcontlnued) 2J Investments Fixed asset investrnenls are a fonn of finanaal instrument and are inilialty ￿cogniSed al their transath.on eost and subsequenuy measured al fair value at the Balance sheet dale, unles5 the value eannot be Measu￿ ￿lIatrAy in which case rt Js meaSU￿d al cost less impaim)ent. Inve51menl gains 8nd losses. whether realised or unrealised. are combined and presented as 'GaIn￿{Lo$Se$l on investments. in Ihe Consolidated statement of financial actIv￿es. The valuation of investment properkn.es 1$ consdered annualty for maierial movement and valued prOfess￿nallY every three years at open market values. Al gains and losses arising on valuation are taken diredty to revaluab.on reserve except that any permanent diminution in the value of an investment property is recognised in the Statemenl of Finanrial Actsv￿.es for the year. Investments held as fixe(J assets are shthvn at Ct)sl less provision for impairment. 2.9 Stocks Stock of retail goods is included at the k)wer of cost or net reali5able value. Donated ilerns of stock for resale or distn"buts"on are not induded in the financAal statements until they are sold or distributed because the Tnjstees consider rt impractKal to be able lo assess the amount of donated 51ock5 as there are no Systems in place which record these items until they are sokl and undertaking a stock take would incur undue cosl the Chanty whith far ou￿e￿JhS the benefits. 2.10 Deblorn Trade and other debtors are recogni5ed at the setdement amount after any trade di$￿Unt offered. Prepayments are valued at the amunt prepaid net of any trade discounts due. 2.11 Cash at bank and in hand Cash al bank arKI In hand indudes cèsh and short4eTm high￿ liquid investments with a short maturity of three months or less from tre dale of acquisition or opening ol the deposit or similar account. Oeposit accounts. indjjding those wth notice periods 9Teaier than 90 days. are shown as short-term investments. 2.12 Current asset investments Current asset Investrnents C￿rise cash ¢*posts heha at fund managers. Page 34

ST. PETER'S HOSPICE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles {¢onllnued) 2.13 Liabilities Liabilib'es and provisions are recognised when the￿ is an obligabon at the Balan¢e sheet dale as a result of a pasl even( rt is probable that a transfer of economi¢ benefit will be required in settlement, and the am￿jnI of the setdennt ean be esb"mated reliabty. Lkgbiltb"es are r8¢ogniwl at Ihe amount th the Ch¥ity ants"cipates rt will pay to settle the debt or the amount il ￿ received as advanced paymenis for the goods or servtis rt must provide. Provisions are measijred at the best esb.mate of the amoun15 required to settle the obltgalion. Where the effect ol the bme value of money B material. the provision is based on the present valug of those amounts, discounted at the pr&tax discount rate that reflects the risks Specif￿ to the liability. The unwinding of the discount is reeognised in Ihe Consolidated statement of ffinanaal activrties as a finance cost. 114 Finan¢ial Instruments The Group onty ha5 financtal a55e15 arKI financial liabilrtie5 of a kind that qualify as basic financial instruments. Basic financial instruments are inib.alty reco9nised al tsansacb'on value and subsequenty measured al thwr settlement value the ex¢eption of bank loans which arg subsequentty measured al amorts'sed cost using the effecb.ve inlerest ￿￿thod. 2.15 Operating leases Rentsls pa￿ under operatsng leases are charged to the ConsolTrdaled ststement of finanaal activibes on a straight4ine bass over the lease term. 116 Pensions Employees Can join a defined ￿ntributIOn pen￿on scheme which is administered by Aviva. The group also contributes lo the NHS Pension Scheme on behaf of a minority of employees who are eligible tojoin the Scheme. This is an unfunded defined benefit scheme. The amount charged against income represents the conth"bulions Paydble lo the scherrE5 In respect of the accounting perio¢J. The group operated a volunlary defined benefft pension scheme. whic* is now closed. The final contributions made to this scheme were in January 2010. The funds are administered by pension Twslees and are independent of the group's finances. Page 35

ST. PETER￿ HOSPICE {A company limited ty guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Iconllnu•dl 2.17 Fund accourrting General fvnds are unrestricted fvnds which are available for use al the discrebon of the Trustee5 in ftjrtherance of the general objeth.ves of the Group and which have not been designated for other Purposes. Desonated funds compnse unresth.cted funds that have been set aside by the Trustees for parb"eular purposes. The aim an¢1 use of le￿nated fund is set out in the notes to the financial statements. Restricted lunds are funds whKh are to be used in a¢¢ordarKe wrth $pe¢ifi¢ ￿strict￿)n$ imposed by donors or which have been raised by the Group for particular purposes. The Costs of raising and administering such fvnds are charged against the specific fvnd. The aim and use of each ￿$tricted fund is sel out in the notes to the finanoal statements. Endowment funds are funds where the donor has specified the funds should be Ireated as a permanent capital fund. where the income arising from the capital fvnd is available to meet the running costs of the Charity. The aim and use of e¥h endwmenl fvnd is set out in the notes to the financial statements. Investment income. gains and losse5 are alhxated to the appropriate fijnd. Critical accounting estim•tes and art•s of judgement Estimates and judgeff£nts are contsnually evaluated and are based on historical experience and other faelors, including expectstKins of future events that are believed lo be reasonable under the cArcumstances. Critical aceounts.ng ests"rnates and assumptions". The Charity makes estirnates arKI assumpb.ons con￿mIng the future. The re5ulling aceounts.ng eslimales nd assumptions will. by definition. 5eklom equal the related &lual resu115. The èstimates and assumpts.ons that have a signrfthnl risk of causing a matenal adjustment to the earrying amounts of assets and liabilities within the next financial year are discussed bèlow. A key area of judgement in these financial slalerrEnts is the recognition of kgacy income, which requires judgements about %thether Ihe income is prOba￿e or not and whether St Peterfs hold enlidgm8nt to th8 monies. There is also esbmation uncertainty regarding the reIla￿"11ty of the ests.male of the amount to be receNe¢J. Many of the legaoes in the pipeline will Include propertj.es which are inherenlty uncertain in value as well as sometimes there being uncertainty regarding the amount of the estate to which Sl Pelerfs is entitled. The value of accrued incon relating to legacies has t)een estimated at £3.624,000 al 31$1 March 2025 and is shown separately in note 21. The Trustees have made key assumpt￿$ in delemiining the estimation of the fair value of investment propety in respeel of thè state of the property market in the k<at￿ft Whe￿ the propety is situated. The valuation method is further described in note 2.8, together wrth the valuation of the properties al the reForting date being disdosed in note 19. There are also jud9ements made in detemining whether provisions are reqUI￿d and al what value. A dilapidations provision is held relats.ng to the estimated cost of repairs lo shops al the end of their leases, based on a charge of £6 per square fc#)t of shop area. A dilapidations provion of £346.000 is hek1 at the year end and the uncertainty surrounding this is disdosed in note 23. Page 36

ST. PETER'S HOSPICE IA c¢Mnpany limited by guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Inwne from donations and legacies Unrestricted Restr•ct•d funds funds 2025 2025 £000 Total funds 202S £000 Total funds 2024 £000 Donations Individuals In memoriam Charitable foundab.ons Corporate sector General community 456 514 275 431 519 587 430 217 106 312 27 29 28 1.357 3,217 328 1,685 3,217 1,212 3,602 Legacies 4.574 328 4,902 4, 814 Total 2024 4, 715 99 4,814 After the year*nd we were male aware of a number ol legacy bequests relab.ng lo the year. totalling £900k, which ha5 not been induded In income in the year because the recognrtKtrn criteria had not been mel In tsme. Of this aTh￿nt, £720k has been received. Income from charitabk activities Unreslrlcted Reslrlcled funds lunds 2025 2025 £000 £000 Total funds 2025 £DOO Total funds 2024 £000 NHS England seThKe funding Other grants Education c￿r$e fees 3,535 3.535 251 3,348 251 85 78 3.620 251 3.871 3.430 Total 2024 3.430 3.430 Page 37

ST. PETER'S HOSPICE (A Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2025 Investment ineome Unrnstri¢l•d funds 2025 £000 Total funds 2025 Total funds 2024 £000 Dividends and interest 719 89 719 428 Rents 52 808 808 480 Total 2024 480 In¢¢)m• from other Iradlng a¢llvili•s Unrestricttd fvnd$ 2025 Total funds 2025 £000 Total funds 2024 Shop sales - donale¥J good$ bought in go¢)ds - commission and other Fundraising events - community - corporate Lottery Other 8,313 8.313 8.552 435 47 61 61 810 100 397 810 100 397 693 85 378 10,377 10.377 10.197 Total 2024 10,19T 10,19T Page 38

ST. PETER'S HOSPICE (A CoM￿nY limit¢d by guarnnte•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 kW¢CH 2025 Expendifvrv on ralsing funds Fundrabing tradlng •xpgns¢s Unr•stricted Endowm•nt funds lunds 2025 2025 £000 £000 Total funds 2025 £000 Total funds 2024 £000 Donations and legaeles Donations Legacies 394 71 394 550 112 71 Trading and other activites Shops Fundraising events Lottery Investment management costs 8.059 762 308 8.059 762 7,395 438 308 116 116 t81 9.594 116 9.710 8.940 Total 2024 8.841 99 8,940 Page 39

ST. PETER'S HOSPICE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMEKrs FOR TrIE YEAR ENDED 31 MARCH 2025 Analysis of expenditure on ¢haritabh artivities Surnmary by fund typ• Unrgstricted Restrictèd funds lunds 2025 2025 £000 £000 Totsl 2025 £000 Total 2024 Inpabent care Community hospi￿ care Community wellbeing Education 5,117 247 5.364 4.403 5.361 822 355 683 237 683 237 11.681 247 11.928 10,941 Tofal 2024 10.800 141 10,941 10. Analysis of expendlturn by acllvltles Activities undertaken dire¢ 2025 £000 Support costs 2025 £000 Total funds 2025 £000 Total lunds 2024 £000 Inpalienl care Community hospte care Comrnunity wellbeing Education 3.749 4.675 1,615 969 203 5,364 4,403 5,361 822 355 683 237 203 9.107 2,821 11,928 10.941 Total 2024 8,622 2.319 10,941 Page 40

ST. PETER'S HOSPICE (A eompany limlted ty guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR TrIE YEAR ENDED 31 PIARCH 2025 11. Anatysls ol $upport costs Athin& SI￿ ¢OSts mana￿Ment n•￿¢ & p¢8 <knmance 2025 £000 2024 Raing funds Don•tions #nd leg•CI•$ Donations Leg￿leS 16 17 77 Trnding and oth•r aetivlti•s Shops Funf1raising ents Lottery In4eslmenl manag￿ent 293 13 472 81 20 116 1.234 120 1,313 26 30 116 14 181 Charitabl• a¢tivitioS h)patient Community hOs￿Ce care Community wel•ng Educalion 1.032 275 261 311 49 12 1.61S 969 1,085 983 370 59 15 13 154 97 1.731 1.476 1.132 4,387 3,943 rotal 2024 1.208 1,224 3, 943 12. AuditOf'8 r•mun?r*tion 2025 £000 2024 £000 Fees payable to the Charitrfs auditor and its assouates for the audit of the Charity's annual accounts Fees payable to the Charitys auditor and its assoaates in respect of. Preparation of the Charitys finanaal statements Prepafab'on of the Subsidia￿$ financial ststemenis 23 19 Page 41

ST. PETER'S HOSPICE IA Company hmited by guar•nte•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Staff costs . Group 2025 GfDUP 2024 Charfty 2025 £000 Chanty 2024 £000 Wage5 and salaries Sooal securty costs Conlrilxjtion pension schemes 13.287 1.217 1,302 12.088 1.058 994 13.287 1,217 1.302 12.088 1.058 994 15.806 14, 140 15.806 14, 140 Temiination payments were made to four employees totaNing £16,800 during the year under signed compromise agreements (2024 - payments totalling £8.2W We￿ made to two emplO￿8S during the year under signed compfDmis8 agrgements). The average number of VO￿nteerS invow ￿ULarty on Hospti business is more than 1.350 (2024." 1,350). The average number of persons employed by the Charity during the year was as follL*VS.' GrDup Group As ￿$tated 2025 2024 No. No. PatTent care Income generation Support 239 241 41 237 225 38 521 500 Page 42

ST. PETER'S HOSPICE (A compny limil•d ty guarant•el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Staff costs l¢ontinutd) The numter of employees whose empl)yee benefits lexduding employer pen&on costs) exceeded £60.OC4) was." Gioup 2025 No. Gn)up 2024 No. In the band £60,001- £70.000 In the band £70,001- £80,000 In the band £80.001- £90.0th) In the band £90,001 - £100,000 In the band £100,001 - £110.000 E￿h1 of the employees in the tsble abo￿ were accruing rebremenl benefits under defined benefit schemes (2024 - five employees). and four were accruing retirement benefits under defined contribulKJn schemes (2024 - four). The total employee remuneration, induding empknyerfs national insurance and pensKJn contributions. of the key management personnel of the Hospice ￿a5 £761.178 (2024- £719, 141). The Chanty maintsin$ indemnty insurance for the TNstees and officers of the ￿rnpanY and its subsidiaries", the cost of prov￿1n9 this Insuran￿ was £15.708 (2024 - £10,626). 14. Trusto•s' remumration and ex￿n$¢$ Ouring the year, no Trustee5 re￿ved remunerabon or other beneffts (2024- £NILJ. During the year e[￿e￿ 31 Mafch 2025. no Trustee expenses have been incurred (2024- £NIU. Page43

ST. PETER'S HOSPFCE (A company Ilmited by guarantwl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 15. Sub8ldlary During the year the Charity one wwly subsidiary. incorForatsd in EngLgnd and Wales. Sl Peterfs Hos>¥￿ Enterprises Limited {registe￿￿ in England and Wale$ company number.. 02595158) sells Christmas cards, calendars, new goods and ttem$ in¢orporatsng the Hospice bgo on behalf of the Hospice. It also ads as agent for the Shops Grft AKJ scheme {eaming commission) and operates a house dearance service. The company transfers its taxable profits to St Petefs Hospice under gift aid. A sumrnary <rf the results of St Peterfs Hospice Enterpnses Linited induded in the consolidated statement of financial aclivib.es is shown below. The exFenditure indudes £232,000 {2024 - £160,000) intercompany management cha(ge paid to the Charty which 15 elirrwnaled on consolidabon. Full accounts are filed wth the Registrar of Companies. 2025 £000 2024 £000 Income and expenditure account Incorr Expendilu 689 {S331 57T (391) Net Income 156 186 Balance sheet Retained eamings at teginning of ￿￿)rting period Net income forthey DislrtbulKin to pafenl charity 208 156 (186) 204 186 (782) Retained eamings at •nd of r•porting peiiod 178 208 Page 44

ST. PETER'S HOSPICE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Intangible assets Gwup and Charity Softwar• £000 Cost Additions Transfer bets￿n classes 224 183 Al 31 Marth 2025 407 Amortisation Charge for the ye Transfer behyeen dssses Al 31 March 2025 123 Net book valu• At 31 March 2025 At 31 March 2024 Page 45

ST. PEfER'S HOSPICE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. Tangibh fixed assets Group FreelK+ld Fixlures and P￿￿rtY rrt￿ng5 £000 eooo Shop rofurbishment Total £000 Cost or valuation At 1 April 2024 Additions Di¥)tssals Transfers betsveen dasses 8.991 89 3,129 405 {1.6001 177 14,166 558 11.636 11831 136) 110) 1350) At 31 March 2025 8,730 2,111 12.905 Depreciation At 1 April 2024 Charge for the year On dispo￿18 Transfers beknn dasses 2.298 197 1.693 142 136) 1135 2.809 114 (1,5911 135 6.800 11,6271 1381 (38) At 31 March 2025 2A57 1.664 1,467 5.588 Net book value Al 31 Marth 2025 6373 7,317 At 31 Marth 2024 6,693 353 320 7,366 Page 46

ST. PETER'S HOSPICE IA Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. T•nglble flxed assets Icontlnued) Charity Freehokl Flxiures and property ffittlngs £000 Shop refurblshment £000 Total £000 Co$1 or valuation At 1 April 2024 Additions Disposals Transfer5 bets¥een classes 9.082 89 3.129 405 11.600} 1TI 14.2S7 558 {1.6361 11831 136) 1350) At 31 March 2025 8.821 2.064 2,111 12,996 Deprttlatlon At 1 Awl 2024 Charge fof the year On disposals Transfers betsyeen dasses 1350 197 1.693 142 (361 1135) 2.809 6.852 453 11.6271 {381 135 At 31 March 2025 2.509 1.664 1.467 5.640 Net book value At 31 March 2025 6.312 400 7,356 Al 31 March 2024 6, 732 353 320 7.405 Induded in the ￿st of f￿ho￿l propety of the group and company is £70,000 of land which is not depreciated. The net book value of the seven freehokl shops open at 31 March 2025 was £462.0¢)O (2024- £456,000). Page 47

ST. PETER'S HOSPICE IA ¢ompany limlted by guarant¢• NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Flxed assel investmnts Hosplce Quality Llsted Partnershlp Investments loan notes £000 Total £000 Group and Charity Cost or valuation At 1 April 2024 AdditK)nS Disposals RevalUa￿n$ Arnounts repaid 22,465 S.515 14.550) 233 22869 5,515 {4.$50 233 131 At 31 March 2025 23.663 23,664 Net book valu• Al 31 March 2025 23.663 23,664 At 31 MarL* 3024 22,465 22,469 Fixed assel investments indude quoted equities and Government Stocks hsted on the London Stock Exchange. There were no indivKlual shareholdings of more than 5% of the total portfolio value as al 31 March 2025 12024- none). Aso induded in fixed asset inve$trnents of the Charity are the following investments in subsidiaries: 2026 2024 Investment in subsidiaries Page 48

ST. PETER'S HOSPICE (A Company limiled by gtsarantee) NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. Investment property Group and Charity Freehold IThv￿t￿ent property Valuation At 1 Apnl 2024 850 At 31 March 2025 850 The Charity owns three tsts and a coffee shop which are renled to tenants. The flats and coffee shop were formally valued on 4th November 2024. ValuatKJns were perfom*d by Carter Jonas. Thg valuations are reviewed annually to assess for material rnovements. wlh forn￿1 valuations taking place every three years. All investment properbes fomi part of the unresln.cted fvnds balance. 20. Stocks Group 2025 £000 63 Gmup 2024 £000 Finished go()Js and goods for resale 21. Debtors Group 2025 Group 2024 Ch•rity 2025 £000 Charil 2024 £000 Due within one y•ar Trade debtors Amounts ¢)wed by 9TOUP undertak"bn95 Gift aid receivable and other debtors Prepayments and awued incon A￿rue￿ legacy income 182 819 803 158 .254 671 3,624 257 674 3.624 335 473 3,625 335 468 3,625 4.737 5,252 4.868 5,231 Page 49

ST. PEfER'S HOSPICE IA company limited by 9uarants•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 hlARCH 2025 22. Crnditors: Amounts falling due vAthln one year Group 2025 £000 Gn)up 2024 Charity 2025 £000 Chanty 2024 Trade creditors Other creditors Other laxalion and social security Amounts owed to group undertakings Accruals and defefred income 236 123 236 123 269 252 89 242 2t9 287 258 971 1,711 1. 715 1.617 2.221 1.597 2,265 Deferred income eomprises of a¢fvan¢% lid¢el sales for the hospice lottery, NHS and grant incorne that relates to future penods. The movement in deferred income for the year was as follows". Group and Charity 2025 £000 2024 £000 Deferred income at 1 Awl" 2024 Amounts released from previous pefiods Resour￿$ defer￿¢j during the year 156 1885) 229 (156) 885 229 885 23. Provision$ Group and Charity Dilapldatlons provlslon £000 At 1 Apn'l 2024 Addilws 302 The d￿a￿dationS provision is a provisK>n for ihe cost of repairs to shops at the end of their leases. Given the timing of lease exit is Un￿rtaIn. the value and timing of the resulb'ng payments is also uncertain. Page 50

ST. pEfER'S HOSPICE IA company limil•d by guarant￿) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202S 24. Staternent of fund$ Stat•m•nl of fund8 - currnnt yoar Balance at 31 Mar¢h 2025 £000 Balance at 1 April 2024 Transfe Inlout £000 Gainsl (Los$e$) £000 Income Exp•nditu £000 Unrestrkted fund$ De$lgnat lunds Fixed assets fvnd Projects prograrNne Capitsl improvement fund Service enhancement programme 1456) 691 7,601 1189) 12241 677 750 12941 1842 1551) 891 10.648 173 9,625 General funds Income and expenditijre count Revaluation reserve 12.312 19,379 (20.079) 20 11,774 687 12.999 19.379 (20.079) 142 20 12.461 Total Unr•$trictod funds 23.647 19.379 121.275) 315 20 22.086 Page 51

ST. PETER'S HOSPICE (A Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Statemenl of funds (continued) Balance at 31 March 2025 £000 Balanee at 1 Aprll 2024 Trnn$fers inlout £000 Gain$1 {Losse$l EOOO hKome Expenditure £000 Endowmenl funds John James Needham Cooper 4.629 51 4,661 10A31 1971 162 10,596 15.160 {1161 213 15.257 Restrlcted funds Various funds Hospice UK Funds 21 (247) 38 251 1251> 21 579 (247) 13151 38 Total of funds 38.828 19,958 (21,638) 233 37.381 Page 52

ST. PETER'S HOSPICE (A com￿nY limited by guarant¢•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 stst•m•nt of funds {coThtinued) staternent of funds - prior year Balan￿ at 31 March 2024 £000 Balance at 1 Apiil 2023 Trnnsfers Gain R￿ut (Losses) £000 £000 Income Expenditu £000 Unrestrkled funds Designated funds Fixe(l assets fvnd Operating deficrt fvnd 7.308 (201) 259 7,366 2.2CQ (2.21X)) Projects programme Capital improvement lund Service enhancement programme 669 (70) 497 1.090 (466) 1,442 12.085 (737) (T￿) 10,648 Goneral funds Income and expenditure account Reserves tl.355 687 18.822 (18.904) 7LXI 339 12.372 687 72,042 18,822 (18.904) 700 339 12,999 Tolal U￿r￿trIC￿d fund$ 24,727 18.822 (19.641) 339 23.647 Endowment funds John James Needham Cty)per 4.067 9.227 (30) (69) 592 1,313 4.629 10,531 13.294 (99) 1.965 15.160 Pa9e $3

ST. PETER'S HOSPICE (A Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 24. Statem•nt olfunds Iconllnu•dl Balance al 31 Marclj 2024 Balance at l Apnl 2023 Ttsnsfe Gain inlout (Lossesj Income Expendrture R•$tri¢ted funds Various fvnds Patient vehicle 58 99 (136) (5) 21 99 f141) 21 Total of funds 37,484 18,921 (19.881) 2,304 38,828 De$ignated Funds The Fixed Assets Fund rep￿sents the book value of fixed assets used in the Hospice. The transfers in the year repfesenl the ￿ement in the net book vJue of the fixed assets. The Project Programme Fund is an amount set aside to support a programme of major IT projects. The transfers in the year represent the SFend on projects in the year. The Capital Improvement Fund to support specifie capital projects, particularly in our ￿tall network. The transfers in the year represent the improvement and new opening projeets completed in the year. The Service Enhancement Programme was ¢￿ated to fund speufic semces for several years. enabling the HOsp￿e to quiekty increase ils support follow.ng Covid and locktjovm restricb"ons. whilst allowing time for income sources to recover. The transfers in the year rewesent the cost of the addIt￿nal s8fvbces delivered. Endowment Funds The John James Endowment Fund was sel up with the intent￿n of generats.ng an investment Income for the Hospice. The fijnd consists of a donatp)n from the John James Bristol Foundation of £500.000 tC4Jelher with an equlva￿nt am¢)unl raised by Ihe Hospice by the end of 1984. A further £500,000 was received from the Foundation in 1997 and the Ho$￿ee has in p￿viouS years received gifts frorn others of £350,01)O lowards rnatching this last amount In 2008109 a further £390,000 was donated lo the fund. The total capilal raised is £2.240,000 and gains to date, net of fees. are £2.423.(Y)O. The Needham Cooper Fund represents investmenis made as a result of the sale of land previousty owned near Bristol Iformety knu4vn as the Peg Hill lundl. The total caprtal invested was £5,678,000 and gains to date. net of fees. a￿ £4.918.tioo. Restrieted Funds In the year we have received £251,1)00 trom Hospce UK lor improvements to the Hospice's fixed assets. Various other funds relate lo small anK*unts recerved where the donor has restricted the use of the funds. Pag8 54

ST. PETER'S HOSPICE company limil•d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IMRCH 202S 25. Summary offunds Summary of funds- curn•nt y•ai 8alance at 31 Mar¢h 2025 £000 Balance *t 1 April 2024 £000 Trnnsfers inlout Gain {Losses) £000 In¢ome Exp•rKllturo £000 £000 Designated fijnds General funds Endowment funds Restricted funds 10.648 12.999 11,196) (20.0791 173 142 9.62S 12A61 19.379 20 15.160 21 1116) 1247) 213 15,257 38 579 1315) 38.828 19.9SI 121.638) 233 37.381 Summary of funds- prior year Balance at 31 March 2024 Balance at l Apnl 2023 Transfers in/out Gain (Losses) Incomp Expendrture Designated funds General funds Endowment funds Restricle(1 funds 12,085 12.042 (T37J f18.904) (Tt)O) 700 70,648 12,999 18,822 339 13.294 63 (99) (141) 1,965 75,760 21 99 37.484 18.921 (19.881) 2,304 38,828 Page $5

ST. PETER'S HOSPICE (A ¢ompany limiled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 26. Analysls of n¢¢ assets between funds Analysis of net assets belween funds- current year Unrestrl¢ted Restrlet•d Endowmenl funds funds funds 2025 202S 2025 £000 £000 Total fund$ 202S £000 Tangib￿ fixed assets Intangible fixed assets Fixed asset investrnents Investment property Current assets Creditors due within one year Provisions for liabih'ties and ¢harge5 7.317 7,317 284 23,664 850 7229 11,617 {3461 8.414 850 7.184 {1,617) {346) 15.250 38 Totsl 22.086 1 S.2S7 37.381 Anatysl$ of net •s$ets between lunds- prior y￿1 Unrestridod Rgsbi¢ted Endowment funds funds funds 2024 2024 2024 Total fvnds 2024 £000 Tangible fixed assets Fixed as5el investrments Inveslrnent property Current assets Creditors due within one year Provisions for liabih'tie5 and char9es 7.366 7,299 850 10,630 f2, 196) (302) 7,366 22,469 850 15,170 21 15 10,666 (2,221) (302) (25) Total 23,647 21 15. 160 38,828 Page 56

ST. PETER'S HOSPICE IA company limilwl by guarnnte•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202S Reconciliation of net movomont In funds to net cash Ilow from operallng actlvllles Group 2025 £000 Group 2024 £000 Nel in¢omelexpenditure for the year (as per Statement of Finanaal Activib'esl {1A47) 1,344 Adjustments ft>r: 08preaation charges Amortisatjon charges Gains on investments Dividends. interests and T￿ts from invesbments Loss on tl)e sJe of fLxed assets Increase in stocks Decreasel{increasel in deblo In¢reasel(de¢reasel in credrtors 453 486 12331 18081 11 {101 516 (2,304) (480) {11) (2.370) 1.455 1560) Net cash used In operntlng a¢tlvttles 11,9931 (1,879) 28. Analysis of ¢a$h and ¢tsh equiv•lents Group 2025 £000 2,423 Group 2024 Cash in hand Cash held In short term investments Cash held in current asset investments 3.174 1. 107 1.080 Total cash and Cash equlvalents 2.429 5,361 Page 57

ST. PETER'S HOSPICE IA Company limiled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PMRCH 2025 29. Anatysls of changes In net debt At 1 April 2024 Cash flows £000 At31 Ma￿h 2025 £000 £000 3.174 1.080 1,107 Cash at bank and in hand Cash hekl in current asset inveslments Cash hekl in short terni investments (7511 {1.0741 (1.1071 2N23 5.361 (2,9321 2N29 30. Capital commlimgnts Group 2025 £000 Group 2024 £000 Contracted for but not providod In th*$8 Ilnan¢lal $tatemonts FulLtre capitsl commrttmenls 18 271 31. Pension commltm•nts The Charity contn'byted to penS￿n $the￿￿5 in the finanaal year,. Aviva pension scheme NHS pension scheme. The assets of these schemes are held separately from those of the Hospice in indeperKlendy atjminislered funds. The amounts charged against income repiesenl the contributions payable to the stherres in respect of the accounbng perh)a. Aviva This is a Group Personal Pensh)n sthe￿￿. which is a defined contribution schenp. The employer contributions charged against income for the year were £699,000 (2024 £623.(WOJ of which employee contributions under the salary sacrifice scheme were £257,000 (2024 - £?26,OL￿J. Outstanding pens¢on contributions for March. pad in April. were £74,959 (2024- £67.626J. NHS schem• Staff transferring from the NHS may Continue to contn.bute lo the NHS Pension scheme. The NHS Scheme is an unfunded defined benefit scheme but the Chanty Is unable lo identsfy ils share of the underlying assets and liabilibes. Each n￿mber of the scherre pays a common contribub'on rate. Employer contributions charged against income for the year were £5￿,000 (2024 - £561,000). Deemed employer pension contributions for salaries rechargeil to the Hospice from NHS Trusts were £38,000 (2024 £32.000). Outstandin9 pension contributions for March, paid in April were £74,804 (2024- £Nil). Page 58

ST. PETER'S HOSPICE {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 IMRCH 202S 32. Operating lease commiiments At 31 March 2025 the Group and the Charity h*1 o)mmitments to make future minimum lease payments under non<ancellat4e ¢)perating leases as f￿kn￿.. Group 2025 £000 Gmup 2024 £000 L•nd and buildings Not later than 1 year Later than 1 year and not later than 5 years Laler than 5 years 681 1.458 223 745 1.812 213 2,362 2.770 Other Nol later than 1 year Later than 1 year and not later than 5 years 19 78 2.482 2. 789 The lolloww lease payments have been reeognised a5 an expense in the Statement of financial activities. Group 2025 Éooo Group 2024 £000 OFeraling lease rentals 81T Page 59

ST. PETER'S HOSPICE (A company limited by guarntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IqARCH 2025 Op•ratlng lea$e Commitinents (continued) The Charity also acts as lessor for a number of residential llals atthie our retail premises. and a café. At 31 Marth 2025 the Group and the Charity had commitrnents to ￿ceIve futu￿ minimum kase re￿IP1S under non￿ncelIa￿e operating leases as f￿k￿S.. Group 2025 £000 Group 2024 £000 Rental income Not later than 1 year Later than 1 yeaf and not later than 5 years Later than 5 years 18 82 93 30 loo 89 193 219 The following lease receipts have been reccJnised as an income in the Slalement of financial aclivilies" Group 2026 £000 GIDUP 2024 Operating lease re￿ip1S 52 33. Related party transactlons The Charity ha5 a wholty owned sub￿drdry. St Peterfs Hosp￿ Enterwises Limited I'SPHE'I. During the year the ftAlowing related party transactions occurred.. Donation from SPHE lo the Charity of £185.511 (2024- £181. 790) • Management charge le¥￿d by the Chanty to the subsid￿ry of£232,129 f2024- £159.547) At the yearond the Chanty owed SPHE a balance of £73.728 (2024- £37,099). One of the Hospice's Trustees, Mr J Bower. who was appointed in the year, is a partner al the law fi Womble Bond Dickenson from whom the Hospts receNes ￿gaI semces. The value of these services were £7.437. Page 60