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 #172 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$. patients. familtes and the wider communty. We have also refreshed our brand for the first time in over a decade. modemising hohv we lo*Jk and sound, lo better refiect who we are and to b￿ak d¢)wn any misconcept￿nS about hospice care. Despite the challenging econcAn¢ clim*e and fising demand, we have continued to increase the number of people we support and continue our work lo reduce inequrties in care. Thi5 year, saw ConS￿erable growth in support given through our241T specialist adv¢e line, and in attendees at day services and psychological therapy services. The introduction of condrtion-specffic programrres wr(hin day services. including Neurolcgical Living Well. has br¢)adened &cess to our Se￿￿e5 and impact for patients. Over the last few years. we have fcKused on increasing our research and last year the hospice led the nalb?nal recruilmenl into the CHELsea 11 trial. In April 2024. we reopened all 15 of our in%Jatient beds folk)wing closure of some beds during the pandern￿. This increase, alongside an expansion of the 'nurse4ed beds, model of care, resulted in rrrfjre Inpatient beds being occupied this last year. W8 have continued to priorrtise our work rm addressing inequities and am pleased to report the Board approved our first Equty, Divernity and Inclusion strategy, which is focused on reducing inequities in access, experience and outcomes for our patients, famil￿$ 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 underst*Mling. 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 spee*lists arKI supported by the medKal team, is avail*Jle 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 prov*Jes 2417 support across al ser¥r￿s. including the IPU an*J 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 PL*Jlished 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 p*ients 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 pal*nls 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 p*ienls 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 $4% of calls from patients and carers. The Access Team handled 45% more calls. reflecling grwing dem*)d for 241T specialist adwce. Participated in national research, including kading recrujtment for the CHELsea 11 study and contributing to the development of a Hospice Research Toolkrt. Continued to play a leading rde in the BNSSG health sYst￿n. ehairing hospice fonjms and contributs.ng to system-wide work on c¢Mylex pan. heart failure. movgment disorders and ￿SPIratOry failure. Our Paop Our people continue to display eX￿ptIOnal tabent. and Ih*r dedicth.on and passion are what makes the hospice truly special. Our workforce has gr¢)Nn over the past year to approximatety 500 contracted employees, each ¢onlribuling to a diverse range of roles. The drfferent roles of wr clinjcal. inpat￿nt, support. retail, and fundraising learns are all essential. yel they all work tcgether with shared purpose. ambth'on$ * 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 pal*nts 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 Inp*ient 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. $0 that we Can build and nurture stronger relatKJnships wrth our supporters and achieve our al*i￿n to increase fundraising revenue. InPhase- Hospice wide governance tool We have implemented InPhase, an online integrated govefflan￿. risk and compliance tool. The initial objective was to improv& the way we manage incidents across the hospi￿ such as health and safety events, inforrnalion goveman¢e breaches and feedback from patients and their bved ones. The benefrts of moving away historic paper-based process has led to valuable time savings for managers. and invaluable feedback and learning to help improve our services and more effecb.vety manage risk. The lts)I ts versatile and we are implementing additsonal modules that wll modemise our approach to risk management and policy administration. Telephone System Dufing the year we have implemented a new te￿Phone System. This is a mc (302) Total net assets 37.239 38,4T6 Page 27 ST. PETER'S HOSPICE IA company limited by guarantee) REGISTERED NUMBER: 01191227 CHARiff BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 2025 2024 Charlty lunds Endowment funds Restricted fijnds Unrestricted funds 24 24 16.257 75. 760 21 Designated fvnds General funds Revaluation reserve 24 24 24 9.806 11.451 10,687 11.921 687 Total unr8$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 piov*Jed 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 conditK*ning 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 setden*nt 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¥￿ 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 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