2024-03-31-accounts

Company r￿. 01494909 Charity no. 28LM)93 Prospect Hospice Limited Report and Audited Financial Statements 31 March 2024 111111111 JD5P8WG 2110612024 COMPANIES HOUSE

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Pro8￿¢t Hospice Llmited Reference and admlnlstratlve delalls For ih• •ar ended 31 March 2024 Company nurnb•r 01494909 Charfty number 28(￿3 Registered office and operallonal addrnss Moormead Road Wroughtr Sv4indon Wiltshire SN4 98Y Patrons Jonathan Wilkes Hden Br¢)wning Sarah Troughton Tru$to0s T"rustees, who are atso directors under company law. who served during the year and up to the dale of this report were as follows: Pradeep Bhardwai Nathan Bishop Sheila Bryant Eleanor But Peter Cadman Phtlomena Creffiek Kevin Htyvard Helen Jones Sarah Jones Joseph Lws Julie•Anne Marshman S&lie Panter lan Price Carys Rrtch N￿e1 Sully resigne(115 January 2024 appointed 2 January 2024 reS￿ned 17 July 2023 signed 17 July 2023 appointed 2 January 2024 appotnted 2 January 2024 resigned 22 August 2023 appointed 11 May 2023 apw)inte(J 20 February 2024 apFM)inted 17 August 2023 appointed 11 May 2023 Chhf •x•¢ullv• offivir Jeremy Lune appointe(11 May 2023 Exe¢utlv• team Helen Baxter Carolyn Bell Warren Finney Director ol Finance Director of Patient Servi Oireclor of Community Deveknpmenl {until 30 September 2023) Oirector of People Oireclor of Incom8 Gerteration {fTom 21 February 2024) Jo HollingS%￿rth . Charlotte Forrest Medical dlrector Sheila Pop8rt

Prosped Hospice Limttod Reference and admlnlstratlve detalls For the r ended 31 March 2024 Bankers HSBC plc Unit 6 The Lock Canal Walk SvAndon SN1 1LD Investment managers CCLA Senator House 85 atleen Victoria Street London EC4V 4ET Vanguard Inveslmenls UK Urnit￿ {untl ju￿ 20231 The Walbrod¢ Building 25 Walbrr London EC4N 8AF Auditorn Gc*fftey Wilson Limited Chartered accountants and ststutw auditors 5th Floor Mariner House 62 Prince Street Brisl BS14QO

Prospact Hospic• Limited Report of th• Irustses For the ear ended 31 March 2024 "The trustees present their annual rewt together with the audited financial statements of Prospwl Hospice Limited for the year 1 April 2023 to 31 March 2024. This rewt inCor￿rateS the strategic report as requ¥ed by company law. Objectlves and activities POUCES AND OBJECTIVES The charivs objects are reslricled to the provision of specialist end￿f-1rfe care, including ph￿l¢al, psychologiol. soual and spiritual care and otherwise in such way6 as the charity shall from lime to time think fft and. in particulai (but without prejudiee lo the generalty of such objects).. a) by establishing, maintaining and ￿ndUCting facilities in England for the reception and Care of persons wfv) require end4)f-life care. whether provided In such fa¢ilitw ¢y in their own home., bl by conducting sx promoting or encouraging research into tha care and treatment of persons sufferiNJ from any such illnes$. infimiity, disability or dtsease and partic(tlarty into the care and treatment of persons suffering from cancer or any temiinal illness and disseminating the ￿sUltS ihereof lo the public.. and ) by promoting. ellcouraging or assisting in the teaching or training of doctors. nurses. physiolherapisls and other persons engaged in any branch of medicine, sur98ry, nursing or allied services. and in Iha leaching or trainmg of students in any branch of medicine. surgery, nurswY4 or allied swvices. Prospect Fk)spice's vision is excellenL personalised and compassKmate care for everyone affected by a lifo-limiting illn8ss. The charitys miss￿￿ is to lead. provkJe and influence excellent care. so that everyone affected by a lrfe-limiting illness Can a￿esS specialist personalised care when and where they need L.We'work vlith our community lo ensure ihat our ¥i$ion and rnission remains relevant lo their needs. b. ACTMnES FOR ACHIEVING OBJECTIVES Prospgd Hospice's prinapal activities are to provide timety and responsive care and Supp￿ for people living with and dytrtrj from advancod and progressive lrfevlimiting illness. This is achieved through= An inytient facility providing respite carg. symptom contrcA and care al the very end of lrfe which the hospice operates on a flexible model ba5&J on patient demand.. Day Therapy services for ouWb"ents'. Prospert@Hom8 s8Nice, prowding wactical support and nursing care up ¢0 24 hours a day. in patients, own homes.. Community based clinical nurso servv WOVKling advice. support and infomation for patients al h¢)me and in local care homes: ConsullAnt-led medical team providiThJ experbsg acr05S the rar￿ of hosplce services and locations including home visiting- Rehabilftation services ineluding physiotherapy. occupational therapy and dietsry advice., Practi￿ and psycho-social support semces to patients. families. and carers provided Ihrough a family support team. Their work extend5 to providing support for carers and people who have been recently bereaved: A range of complemontary and crealive thwaptes," Spirilual support service for patients and their families- Care sefvices delivered by a multi-professional team for patients living lymphoedema., and EdUCat￿n and tr￿nIng on end-of-life care arwj support for health and social care professionals.

Prospect Hosplee Limited R•port of the tfusts•s For th• ear endèd 31 March 2024 Overvl•w of the year Al the outset of 23124 we were confident that thi5 year we (tthuld build on the small surplus financial position from 22123. However this has been another finanryally challenging year for th6 h05pKe. swth the ¢¢)St of living crisis continuing to have a direct impad on the cost of provKlin9 our ¢are"and equally the income Ihat coukl be generated to furKI Ihat care. The high innation and interest rates eXper￿ced in 22123 had a knrxk on effed inlo 23124 and as a Consequen￿ the annual operating costs of the h¢)spice have risen by £1.1 million per annum, whilst the operating income over the same peiiod fell by £0.7 milknon. As a result of Ihe conts'nued finawal pressures the hospice incurred an operating financial deful of £1.2 millK)n for the 2023124 financial year, wh￿h has been funded from retained reserves. The hospice budget for 2024125 is aEs0 a financial deficit of £1 million. Despite the continued cost of liwng ￿lS•S our Sup[￿rters have this yEar contributed £5.3 Mill￿)n towards the costs of running our services. From those donate and tr￿y Ihe go￿lS in our retsil shops lo the many pe¢Jple pa￿.¢1pate in our fundraisny events and activities through to those vtho18ave a lasting legaw through a gift in their will. the generous support ol Ihe community enable5 the hosplce to provide ils much needed Sthmces. I￿r hospice mission is to vK)rk with and trwgh others using our skills and experttse so that peoFde have choice and support at the end of their life. In supp(t of Ihis miSS￿n. Ihis year our teams have laken the lead and pa￿.￿Pated in collaborativ8 work on MND and Fraify. In addition ihg hospice is part of wder group ol health and social care organisations who are V•wking together with the aim of transforming ccAnmunty wwces for Wittthire. We also continu9d to invest in our people arKI some key high1￿hts included our t¥￿ leadership development prC￿raMmes. the Bluebell ASPIRE programme for healihcare assistants and our lunch and learn staff education se5$ions. We also conkn.nued Tmth our organisats.onal development and culture programme which we b8gan in 2019. We are enomiousiy F¥(￿d of our team of 650 vO￿nteerS arKI the supw)rt they prowde to the hospice. This year we developed a new volunteering strategy. embedded a new ￿ts11 volunteer induction programme and doveloped partnerS￿p arrangements with other organusations to deliver community based ser￿ceS. We are also proud of the wort( done this ￿ar to educate and infiuence the delivery of excelknce in end of life care. which included business breakfasts for k)cal care homes an¢J businesses and professi￿￿1 insight VTsits for heallhcare workers. Other high&ghls of the year in¢luded= Rolling out of our food to order serw¢e as arK>lher source of income for the hospice; Vpgraded our IT operating software lo Microsoft 365.. Implemented a new finance purchase order syEtem incorporating Al mathne leamlng.. Upgraded ¢JJr fundraising CRM system Raiserfs E($39 to NXT. Upgraded our reiail in store Epos ts"Il system- and B￿n9 selected a5 1 of 9 hospices to work St Christopher's Hospice and Edinburgh University in a new practtce-based development programme.

Prospect Hospi¢e Llmrt¢d Roport ol the trustees For th• •ar end8d 31 March 2024 A¢hl•¥•mgn¢s and pgrfoTmanc• As oullined in the overview Ihere continues to be a significanl level of uncertainty as the hospice navigatès the roule back lo achieving a sustainable financial operdb.ng w5ilK>n wtihoul having to rety on its retained reseThes to lund the gap beN¥eeft annual in(x)me and operating costs. The hospice is not alone. with Hospice UK recenuy ￿porting on exFocled £TTm deficit r)sition across the hospice sKlor for Ihe 23124 financial year. The macrtMconomic environment continues to p05e chaI￿nge$ to the hospice a$ a result of increased operating costs which are ftot currendy matched by an increas6 in income. The Impact of inflation on staff salaries and other hosp￿ operatrrtg costs has seen the total expenditure for the hospice intre85e from £7.6m in 22123 to £8.7m in 23124. Over this same time period total hospice income reiluced from £8.2m1£7.7m on a like for like basis) to £7.4m. In the autumn of 2023, the hospice opened additK)nal IPU beds to hdp ease the demand pressures li the wider healthcare system. The trustees were happy to support this as there was an expectation that there would be additional NHS funding lo tr)¥er the in¢￿aSed cost. Unfortunalety, this funding did not malerialise, and ¥1 Ighl of the continued financial pressures the hosKNce hèd to reduce back to six l)¢ds. Throughout the year our slaff and ¥dunteer5 have u)nlinued to go the extra mile to ensure we are there for our patients and their loved ones. SUppO￿ng patients and famlll•$ During the year we ¢afod for 1.504 new and re-referred patients. of which 218 patients Were admitted to our inpatient unrt to help care for those more complex needs. Our speciali51 community tgam cared for ￿ remaining 1,286 patients mainty in their own homes. In total the community team made 21.592 contacts th pabents and familw. of 4.365 ￿re face lo lace patient visits aThJ 17,227 t￿eph￿0 c¥)nsultationslcontacts. This year were also ab￿ to buikl our tymphoedema servi¢0 with additional funding from Swindon CCG. This enabled our speualist nvrses to care for 261 palliative and non-pallialive patients. The hospice is the only prowder of lymphoedema services for sw.ndon and North East Wiltshire. In line with oyr strategic goal to ed¥Jcate and nlluence the dehvery of excellence in end of life care we have also collabor8led in a number of innovative proiecls this year. a few of vthich are outlinod below.. We appo¥rted an MND speuaffist FKilioner and MND Heamhcafe assistant lo work in collabordtion with.the ts)spital MND clinic alongside the consultant neurologist. hospital stsff. outpati￿ts and nursing homes. GP surgeries and the MNO muttidisciplinary team. To dale. nty-lwo patients and their families have b88n supported and over six hundred healthcare profess#Jnals have aitended educat￿￿ ses5wffis on MND. and symptom managernent provided by our MND specialist practitioner. Whilst this is still a new ser¥ice we a￿ providing Ihere has already been some fabuknus feedback from patients. such as: "no one else seem5 to understand about MND, if you ever need an￿hIrt9 at all we afrHays come straoht to you and you will sort ir and 'E￿rythIng can feel like a battl8 to get what we need. I don't know what we would do without u fig￿"ng our cornerf.

Prospect H05plce Llmited R•port ofth• tru$t¢•s For the r endgd 31 March 2024 Wrth the aid of Grant Fundin9 thrcwgh Ho5￿ce UK we have been able Io paI￿¢1pate in Ihe Frailty e programmo. The hospice is Working collaboratNely with the NHS al home Ivirtual ward) team in Swindon to provide a specialist supwrt role in improving palliative end of life care to patients and their families. This project is atK)Ut identstyng opportunities for and helping to deliver better patient led %vhat matters to me- conversabons and enable better decision making. The funding wovided has enabl8d the hospi￿ lo appoinl a part time s￿alist nurse to work with the NHS al home team. This is a 2 year programme which will run through to the end of 24125. To date, foty-fwe new patients identified as part of ihis project have included those wth heart failure ar*1 chronic obstructive pulmonary disease. Another g￿al achievement this year has been Ihe work to implement the lantem model of nursing which was developed Ihrough Sl Christopherfs Hospice laulhors: Marie Cooper an(1 Heather Richardson) in 2020. This is a ￿ntemPOrary rnodel of nursing for people at the end of life. Following the completion of training the hosyce was delighted to be selected as a "beacon" hospi￿ to work Sl Christopher's arKI Edinburgh University in a new praclice-based programme which ran fr¢Jm May 2023 through to March 2024. This assiste<1 in co-creating and testing a guided approach thal will supwt and develop a person4entred culture within an inpatiertt palliative Ca￿ environment. The approach is evrd8nce-based leaming and aclion. which 11 be evaluated and adapted to reflect the experience of participants. Another one of our obJ"ectives 15 to deliver beswke specialist end of life care that supports dwjnity and choice. Th¥efore it is essential that we seek and ad on the feedback we receive from our patients and their I0￿d ones. The hosp(ce has used the rWantGreatCare $￿teM to capture patient feodback sin¢¢ 2022 and this year recwved Certificates of excellence in recognits'on of ¢onsist8nlly achieving outstanding patsenl feedback. We would like lo thank all of our patients an¢J their loved ones who have taken the time lo share their personal experiences us. Some families who have shared Ihwr stories us include= Graham and Kai °Graham devoted himself lo his famity aThJ just enjowng life. "H8 just cared about people." remembers his daughter Katie." 11 was during a lrip in Australia that they fI￿t nottced something was wrong wrth Graham. leading lo a diagnosis of bladder cancer. The cancw eventually spread throughout Graham's bones. causing severe pain that medicatKJn coukl not alleviate. The famity decided 10 seek help frorn Prospect HOSp￿e, despite Graham's inibal ￿lUCtanCe due to his desire lo die at home. H¢)wever. once admitted. Graham lound ￿lie1 and comfort, vknich significantly improved his quality of lile. Katie remembers how the hOsW￿ provided Comp￿henslYe care, not just for Graham bul for the eftti￿ famity. Looking back al their time al Prospect Hospice. Katie's fondest memory is of her Dad her n¢vbom son. When my son was bom. dad wasn't confident holding him because of the pain in his joints. The new treatment &I8ns Ihe hospTrce arranged for him meant that he finally had the onfiden¢e to pick up his grandson and give him a cuddle. It was incredibbe lo see. The hospKe gave that to hom.. Graham d￿d al hLJne at the age of sixty. "HÉS final pass¥)g was lovety. Me. my mum. and brother were all ￿th him. We had a cup of tea. and his favourile musi¢ was pkying in the background. If we hadn't had the involvement from Prospect Hospice, rK>ne of that woukl have been possible. Without them, dad would hav? died in agony buL bKause of them. he gol to die th8 way he wanted to- at home. surrounded by his famity arKI I'll always be grateful to them for giwng us that..

Pro$wrt Hospl¢e Llmltsd Report of the trustees For the ear ended 31 March 2024 Robin and Mary hen my mother was ¢Jiagnose¢J with MND, we knew that the illness was incurable. It came as such a shock to us as she had a PhyS￿al. outdwr lrfe and had aKvays been incredibly fft and healthy. As She deteriorated and needed more care. I looked after her for 16 months at her homo bofore her h¢alth deteriorated. We were told the￿ might be a bed availabbg for her at the hospice. It was all happening so quickly, and we hadn't expected it. but I can't tell you what a godsend il was. We had a lot of anxw bul that was all remove¢J as scL)n as we slepped over the threshokl of the hospice in Wroughlon. It was like stepping into a sanctuary. We iMMed￿le1Y sensed that we were in the care of compassionate professionals. The whole enwronment enabled us to concentrate on the important things k.ke being focused emotionally on my mother. We felt like we'd been given a goklen gift. Our twne spent at the hospice has left us some very special memories. My mother absolLtlely adored nature and loved being ouldcK)rs. Her room k>oked out onlo the stunning gardens that were teeming th wildlife. We'd sit at my motherfs b8dside wth the patio dwrs open and watch the nature. The day tsel￿e my mother passed away, we had such beautiful weather that we moved her bed out onto the patio. We sal her up in her bed $0 she was I￿.n9 wilh nature all around hgr and could listen to the birds siThJing. The whole experience was extraordinary. and we spent all afternoon out there. To be able lo give her the opportunity to b￿athe fresh air and have the sense ol nature around her was real privilege and in stark ￿ntra$t to our experience of th& fw)spital. I know she couldn't have wished for a batter onding." Investlng in peoplo lnveskn.rtg In our people is another key obJ"eclive of our organisational strategy. This year ha5 been about consolidatson. reviewThJ policies and creaknng the condilions to ensure we remain at the forefront of end of lrfe Ca￿ delivery localty. We continue to see a Ihriving-w9anisatJM81 culiure. wilh a ￿Invin9 reducti￿ in the rolling 12- month tumover rale oljusl 13.4%. and absence rates across the year below better lI￿n our tsrget of 4%. underpinned by a f(Kus on staff wel*Jewth3 and promotK)n of our ASPIRE values. In the autumn. we hekl our annual Your Prospect event which plays a synificant role in our organisation development and culture programme. This year we focused on individual growth. resilrence. and wdlbeing, as well as'personal accountsbility. We celebrated the impact we had over the past year and committed lo future development. The deS￿n and delivery of the annual Your Prospect event in autumn 2024 has been handed over to tha Staff Forum. an example of ￿dershIP al every18v&l in praclice. In the past ￿ar we have invested hea￿ty in develwng ￿adershIP capability. Senior leaders and staff at team leader ' level have ' undergone t￿prehens￿e development programmes. ￿MprisIng kno￿edge sessions, irKlependent Stuty and coaching or mentonng. Our healthcare assistants. too. have beneffted from our newty intrclluced Bluebell ASPIRE programme, aimed al equipiing them ihe skills and insights to extend their practice into that of specia&st Palliaknve Healthcare Assistsnts. In the Coming months, we pL4n to design and deltver a development programme for ¢yJr regmstered nurses. In thg last yEar we have C¢￿dUCted a krye-scale review of am our 650 volunteer records, archiving historic p8per files and developing papetsss $￿teMS. Alongside this. electronic records have been transferred from our HR database lo our supporter database. to facilitate record-keeping and reporting. and ensure a joined￿p supporter management approach with fundraising.

Prosp•¢t Ho$pi¢e Limitsd Report of the trustees For th? ear andod 31 Mar¢h 2024 A new relail vdunleer in¢thJclion programme has been embedded, with six sessions delivered so far. This has been established lo ensure new ￿ts11 starters receive consistent messaging. are assessed for thg relevant skills needed to be eff8¢tive in retail and understand the expectat￿￿$ of the role w¢lh regard lo customer seNce, working inclu5ivety, income generatK)n and promoting the $8rvices of the hospice. recognising that our retsil vdunteers have the polenbal lo be some of our most ardènt supporters in their own communities. In support of our organisational strategy, our volunteering strategy demonstrates our intentson lo reach au se¢tors of the c¢)rnmunity by ensuring Ihat our vdunteer workforce b8tter reflects that community and works more closely ift￿ it. Our existing partnership work community referral sources, s￿h as Broad G￿en Community Centre. the Harbour Project, the R¢chmond Fellowship and the DWP and a range of thal schts)L8 - to name bul a few- hèlps to &x)silK)n us more ¢leady as a cofflmunity-based hospi￿. Diversi￿￿9 our volunteer group is also one strarKI ot the voluntary serVi￿S strategy to ensure we are 'futureyroofed' in terms of securing the numbers we require. parbcularty given that a Large proportion of our current volunteer pool is in the older age groups and unlikely to conlinue volunleering in the short lo medium-term. In recent years we have sought to recruit krggr numbgrs of younger volunle8rs. In 2016 only ten volunteers *re urKler the age of tsventy-five. and by the stsrt of the pandemic in 2020. this numb8r had risen to 85- around 10% of the total number of volunteers al the time. Number5 dropped again after the pandemic, and currenuy 9•h of the entire volunteer workforce is under the age ol thity-fve, so we have a ￿newe(l fLKu$ on Ir￿reas1￿ representation in the lower age groups- We have atso developed .partnering arrangements wth other (￿an158tiOns lo deliver community- based sefvtces. For example. Prospect Hospice volunteers contribule lo the running of the hugely successful Memory Café. creèled by Swndon Borough Counul. vthieh lakes place once a month in the Heart of th Hospice. We have also worked Carers Support Wiltshire to develop their bereavement help point model into parts of NE Wittshire. Currenlly, one help point is hekd regulady in Marfborough. run entirety by volunt88rs trained by Prospect HospKe. and we aim to èxlefid our reach to other parts of our catchment area in due c￿lSe. subject lo dinical stsff resources. Equity, Dlv•rslty and In¢lu$lon IEDII In the L4$t year we have worked to eml)od EDI at both operatb)nal and slralegic leveLs. wrth a new strategic oversbjhl group conveniThJ to sel direction and fatilitst8 progress In this area. The group is made up of rhe chair of the truslee board. the CEO. the EDI lead. director of services ant1 tsyo additional senior leaders. all of whom are key to embedding an inclusive cutbJre and well-placed to expand our work. particUla￿Y in the priority areas of service user consuttation. community engagement and collaboration pathership v•￿rt. A more junior level 'champions' group works lo ensure inclusion is at the forefront of everyday work. organisir¥J events and res￿rceS lo keep %4rrkforce informed aware of a variety of topics relating lo diversity and Inclus￿n. Loamlng and development We have worked hard to develop Ihe inlemal learning develwienl ￿￿ture. creating delivery programmes that help us to maintain hMJh rates of comp￿"an¢e for all ststutory, mandalory and competency training.

Prosp•ct Hospicg Limit•d Report of the trustees For th• ear •ndo0 31 March 2024 We also seize opportsjnityes.lo prowde leamrg ￿ a f￿nal that ffts wth th? fltrw of work for our tearns. As an example. our lively and Varied prr>3ramme of lunth and m 5es$K)ns contsnues apace, wilh racent lopKs induding non4nvasive ventilalion, l)¢undarbes. tranSfe￿n¢0 and countertrartsference, nutritK)n to reduce stress,. an intrc¥Jl￿tIcm to Paganism, and an overview ol the rk ol Pap￿5, th8 nats.onal organizai•)n to prevent suiade in ycyjng peo￿e. Clinical staff ￿$0 bsnèfit from reflect and re51ore se$5h?ns, aimed at devebping excellence ofpracts"ce. In pursvit of our straiegi¢ obj'èctwes lo u$è our èxp81tiSè to 8ducato and infiuence Ihe delivery of excellencè in end of life care, we continue lo develop way5 of engaging our bcal community through our learning. and developrngnt aclivibes. W? held s)ur first business ￿akfast in March. ¥wth detegates attending on the day from l¢)¢al ￿re homes and busirsses. Th? themè of the session was approaches to pain ￿lief at end of life. 7Mth input from our Diractor of Servic8s, Community Nurse Specialist and our Advanced Clinical Practsboner. We used Iho opportunity to sxt&nd our nets￿rk of potentsal training recipients vthilst markeliThJ our offtnt Iraining courses. We helj th& Lgt•st in a series of school wsits at the beginning of FebrLW, this time h05ting pupils from Ihe Ridgeway Schwl. We have also set up syofessN)nal insight aimed at prospective and xistsng healthcar• workers. In accordancx our mission to work vlith and thttyjgh others. our learning and developmtnt 8elm.ty lend5 itself to extendiNJ Ihe range of collat¥)ralive work we engage in. As an exampk. we are currentty co-creakn'ng a packag• of training 7Mth the Brand￿ Twst. aimed at staff who ￿rk wth people wtiT leaming disabilities rw4Uiriry SUPPOrt around end of Irf¢. Income generation It is only through the generous fin￿rial support of thé crynmurmty that the hospv can continue to deliver its outstandiro care for Ihe people of S￿ndOn and Norlh East Witshire. HIMever this has been anolhef challenging >Ear, as the Cost of Imng crisis ￿ntinUeS to wnpact th? amount of monèy that coulj be raised through voluntary income streams. However, de5pr(e this QUT generous S¢JPFKJrters still raised £5.3m172%1 ol the totsl hospi￿ incomg in the ygar of£7.4m. Ouf fantastic c(xnrnunity once again 5UPPOrted us in a number of ways whe¢her it was taking part in $ornè of our annual fuThJraising evenis. wrchasing raffle tsckels. in memory donati¢￿$ or by joiniNJ our rggulai gmng s¢hèm&. which in total ra￿e￿ £1.4m. In addib.on tyjr ho$￿Ce loitery eontinuas to be one of ￿Jr most relia￿è ￿￿reaS of voluntary incom8 at £0.7m for the year and a lurther £0.8m came from those who of those who have kindty lèft us a kistirKJ legacy through a gift in their￿111. We were 8150 fortunate to have recerved È0.2m from grant makers ar¥J trust funds this year. We also have great support from our tocal Iwsinesses who not onty provid• us funding to support our fundraising actswtyes tyjt abo support us in marry olher wa￿, such as provKling u$ vAth vans for ow shops fretr of charge. enabling Iheir staff lo volunieer vMth us, and PfowdiThJ u5 free space to run our $taff events. of Ihis suppc¥t is either tjirectly generatirwJ inc4yne for Ihe hospice or ¢nabliThJ us to save ￿ our expendrture. We are so appreuative of au ol the support ha￿ rgceived Ihis year.

Pro$pe¢l Hosp1￿ Lknit•d Report of the trtsstees For the r ended 31 March 2024 Ouring the year we were deltghted to be able to open new shops in our Svindon catchment area. one at Ta¢Jpole Gardens and the other in Cavendish Square. Both shops have been well received by their Ictal wmmunib.es and are welcome additions to ¢wr retsil portfdio. Our retail team conts"niJes lo seek out opportunities to enhance and grow this ino)mè stream and are looking forward to opening a new furniture shop house clearance operation in 2024. This year we also invested in a rthv EPOS till system KUDOS our sh¢)ps. which was original planned for 2020 but the pandgmi¢ delayed this. Some of the benefits will include easier gift aid processing. easier purchasing and processing for lottery and raffles, as welj as a faster payment experign¢e for our customers. One of our new 1￿me opportunities piknted this star was our YoLa to orderf service from our onsite catering team. vthich has had a 9￿at response so far. In addition lo the income stream5 Outffined above the hoswce continues to explore other $our¢e$ of income as part of its strategic (yectives. Plans for futur• p•riods The hospice launched a new organisational strategy in 2023 and over the comiThJ 12 months be working towards achieving its objectives. to: Secure the continuity of the Prospect H05pice Charity for ow ¢ommurity for ggnerations to come" Deliver bespoke specialist care that supports dignity and th01￿.. Use our expertise to influence the delivery of excellence in end of lrfe care" ar Take prrfle in being a g￿al place lo work and thrive. Som• key arnas of focus ov•r th• n•xt 12 months includ•- Care and support Despite our financial chall￿6$, the hoswe has planned to conb.nue providing all of its spgcialisl care over next 12 months and will conlinue to seek opportunities for funding to sUp￿rt our mu needed care for patients and those imptrtsnl 10 them. We will conb'nue lo adapt and Inr￿vate through cA4r various collaboralKJn projects and programmes, in¢￿￿1n9. Frallty Project - To continue lo implement the project objeckn'vès, evaluate the impact and evaluate the effectiveness ol our ro￿ fnaking recommendab.ons for a model going forward. MND cO￿lnator Role for Swindon - Cort￿ue to inplement the obiedives and demonstrate quality ¥nprovements in this ro￿ thing across SwtThJon. Demontla- Establish an inv#Jorated w(wking paty and thryk comaboralivgty Vdith extemal partn8r5 to impr¢we p￿lIa11ve antj e￿1 of lrfe care for people with dementia and their famlies. thandng In Nurslng PYa¢tlu - To develop a programme of the devdopmenl for registsred nurses to enhanc8 know18dge. skils and confidence in pallialive and end of lrfe Care. Splrttual carn. Thanks to a very genwous donatth frcrfn a family whose loved one roceNed our care. we have been able to app)int a highly experienced Spiritijal Care Lead lo oversee our spiritual care provision for patients. families and staff. 10

Pro$ped Ho$plu Lknit•d Report of Ihe trustees For the r ended 31 March 2024 Worklng with and through others - The hospice is part of a consortium of local health and scrtial ear& prowders seekiThJ lo transfomi h¢)w ￿mmunity services are sustainably delivered awss the BaNES re9￿. P•opl• As outlined in our key achievements for the year ¢xJr people are at tho heart of our Organisational Strategy arnj over the nexl 12 months we will be continuing lo grow arKI develop our own staff and volunteers and al the same time aiming to increase our rexh our extemal education programmes. Our key devebpment prc3rammes for 24125 include.. Retsil Development Programme - a besFoke inlemalty designed educati￿ prc>Jramme for our felail colleagues. A series of business breakfa515 for thal community and tKJsiness organisations,. and Offering our specialist Bluebell ASPIRE educatton prcgramme to other healthcare professK)nals vthich ill also raise wtal furKls to furtttér the I￿pIc8 Financial sustainability Financial sustsinability is the hTrghest pri￿lty in Ihe coming year. as the 9ap between income and operating expenditure has nol improved over the last 12 months. We are pjeasod to have recruited a new Director of Income Generation in February 2024 to spearhead our income growth plans and wll be creating a nèw 5 incom6 generati)n strategy. Whilst there appears lo be some easirKJ of Ihe rale al vhth costs are rising as the rate of inflation falls, there are slill sKJnificanl cost pressurns to our cost base. Therefore we will conb.nue lo review how our care is provided lo ensure rt is affordable and sustsinatrAe. The hosp￿8 wll continue to work th oiher bcal health and social care organisations to Jentify opportuntties to create e￿￿enCieS through more collaborative working. As outlined in the hvjhlights above..Ihe Tnjstees have planned for a budget def￿1t of £1m in 24125 finanoal year, whdst working through thg kng term plans lo achieve financial sustainability. Embracing technology Having invested in our technoh>Jy in 23124 by replaang some of wr (Krt of date rega￿ systems. th8 hospice wll be developing a new ITIDigital strategy in 24125 as an enabler to driving smarter workir auoss the h05piee and to provhde more real ts.me information that ￿ can use to improve our care services and our interactions wilh our supporters. envlronm¢ntal impact In the next "12 months we v4ill bè eontinuvJ Ihe work started in 23124 lo become a more enwronmentslty sustainable organisation. We will complete the work of replaciro all of ￿Jr lightsng Ihin thg hosw¢g and our retail shops with LED lights"ng. We will also start the longer term planning lo find more energy efficient solutions for the ho5￿Ce. Flnan¢lal rnvlew . GOING CONCERN The trustees re￿gniSe that ging conwn continues to be a material uncertainty for the hospice ovor the longer term as it continues to navyale ￿ path back lo a recurring slate of financial sustainability, one of the key objeclNes of the current IM)wce 5 year stralegy vthich commenced in 23124.

Pro$￿Ct Ho$pi¢• Limited Raport of the trust•es For th• r end•d 31 March 2024 The trustees are lully cognisant of Iheir responsiknlty for the financial stewardship of the hospice wrfl conDnue to review Ihis throughout the 24125 financial ￿. Hawng tsking into account Ihe finanaal resutts for 23124 together the tAJdget set for 24125. the trustees a￿ satisfied that the charity is ab￿ to ￿￿tirtue as a going concem and the accounts have been prepare(l on Ilus baws. b. PRINCIPAL RISK AND UNCERTAINTIES The principal risks and uncertainties ident[r￿d by the trustees we: Financial sustainability As outlined above the re at which operating costs are growing are not currenty being mathed by the same rate of income growth. The hospice's retained reserves cannot ￿ntinue to fund the gap bets￿n annual operating costs and income indofinitety. The hospice is exploring a number of avenues aThJ opportunities to bridge thi5 gap and ¢￿ate more sustainable income sources as well as conlinu81ty reviewing ils operating Cost base. Workforc¢ plannlng We have identified a key risk relats.ng to our future workforce. Like many hospices we are facing the challenge ￿ an ageing workforce that will, rf not acted on create issues for Ihe hospice in Ihe longer term. Therefore during 2412S a $pecrf￿ pkn of action and associated limeline will be created as part of the cuffent review of the 5 year operatio￿11 strategy and aluned to the S Jear servi( pk3n. Contlnu5ty of sef¥lc• provlslon As a direcl consequence of our finanoal thalJer@es the hospice can only provide six inpatient beds in our IPU, despite demand bein9 in ihe region of lenliwefve beds. Aso we a￿ currently unable to provide a range of much needed Day Therapy semces. 11 is our ambitk?n lo be able to offer these services but until we can achieve a rn0￿ stable ffinanch?I posrtion we cannot cUrren￿Y meet the level of the demand there is in the community for our much needed care. c. FINANCIAL OVERVIEW The financial perfomiance of the charity is set wt in the attached financial statements. Incomlng r•sources As set out on page 22. total incomiNJ resources, inckjding incLvnè frryn (knritable actMtie5. was £7,427k for the year1£8.162k in 22r23}. Resources expended Prospect Hospice's expenditure on a retsjrring basis Isel aside) to provJe ￿re and support for patients, families and carers was £5,537k, an incTease of £654k over the prevths year. Expendlture in generatiry voluntsry irwme vr4s up on the prevv)us year as a direct consequence of Ihe increa$ed in¢))me. d. RESERVES POLICY In line with the Chafity Commission Guidance {Charities Reserves CC191, the truslees are awaro of the need to secure Ihe viability of Prospect Hospi¢e beyond the immediate future. 12

Prospgrt Hospice Llmilod Report of th• Irustses For th• ar ended 31 March 2024 11 15 Ihe policy of the fv)$pl￿ lo aim to keep up to Six m¢)nths of future operalirKJ costs as free reserves and as an absolute minimum to keep a level of ￿serveS suffic￿nI to meet its liabilities in the event of a ￿rKlIng up of the organi5akn'on. The trustees wll keep the level of reseNes under continuous rwew. If the level of free reserves falls bebw the pdicy level. the t￿$t￿S will review all reserves and their purpose and may chc#)se to transfer prewously de5Unated reserves into free reserves to enable them to utilise Whe￿ mosl needed for the provision of the hospbce s charitable aims. As oulJin8d in the finanryal statements as at 31 March 2024 general oseryes were £5,323k. a decrease of £1.066k during ihe year. Of this total. £1.194k relates to unrestrided fixed assets and £452k in investment land. The remainin9 balance of £3.677k represents apwoximalely 5.2 months of future operating expenditu￿. The reserves policy also albxs for the designation of ffiJnds al the trustees discret40n. As at the 31 March 2024 designated funds were at £87k. •. MATERIAL INVESTMENTS POUCY The Iruslees have taken note of the gutdance given by the Charity Commission in their b¢Joklels -Charilies' Reserves ICC191" ar￿ Yruslee 2LW. As al 31 March 2024 the investment portfolio had a market value of £2.9m12023: £3.8m). The investment strategy is set out below: The hospice seeks lo prodwE Ihe best finanoaj retum on investments within an a￿ptabl81eVel of risk: The howce adopts a total retum approach to investment its general fund portfolK). generatirrfj an investrnenl ￿turn from income and capital gains or bs5es. 11 is expected that rf in any one year the total return is insufficient to me8t the budgeted expenditure. in the long lemi the real value of the fund will still be maintained in accordance the investment objective above,. The investrmenl objective is lo generate a tolaL retum of inflation plus 4% per annum over the longer term. after expenses. The hospice does not set a specific target income level. Income from the long-temi general fvnd wll be used to fvnd the aclivities of the hospice. An expected level of income will be agreed the investrnenl managets on an annual basis to enable effectiv81)udgeting." Post ye8r end. folknling a review ty the hospice's sk)ecialisl investrnent advisors, and in IKJht of the current financial pressures. Ihe trustees approved Ihe recommendation to femove the hospice's exposure to $t(Kk market risk and move all invested fvnds to a mow market dowsrt account heky with CCLA. Additionalty £452k is held as Thieslment land as at 31 March 2024, this valuation is unchanged from March 2023. Restr￿ted tunds are hekj in accwdance tmth the accwnting policy whith is sei out on pa98 26. Strncture. governance and manag•m•nl a. CONST￿VTION The challtyand the group is registerod as a charital)le ￿l￿panY limited by guarantse and was Set up by a Memorandum of Associalhm on 1 May 1980. Prospeet Fk)spice Limited (the dlarityl is a ￿lStered charity. and is constiluled as a charitable ompany limited by guarantee and does not have a share capitsl. 13

Pr¢spect Hospl¢e Limlted Roport of the trustses For th• •ar endgd 31 March 2024 The tharity has a wholty owned tradrng $ubsidiary. Prospect "Hospice Trading Limited. ¥thich is . retailer of new goods and operates the café ￿thin the Hospice. The subsidiary company produced a Iradir#J pro￿ of £30.2k in the year. b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the charity and the group is the reswnsibility of the trustees who are elected and cwited under the terms of the ArtiC￿S of Assoaalion. The chariW$ board of trustees regularty ￿¥ley￿S the mix of its skills. and if any needs a￿ identffied then applicants with relevant skills and backgrounds are eligible to meet the required time commitment are sought and recruited. This year, the EM)ard has anticipated forthcoming gaps in its skills fflix that would arise through the rotstion and retirement of long5tsnding Ifuslees and has already rec¥uite(I trustees lo fill these skilL8 and kn¢Nl&1ge gaps. The board of Iwslees constitutes a broad cross section of people healthca￿ and business skills and experience, reflecling the 15￿rk of Ihe Hospice. The twd interviews applicants for trustee vacancies. and their suitability is evaluated aganst a pre- agreed sel of criteria. set by a nom1natK￿S committee of 8xisbng trustses. On appoinbment. trustees are invited lo attend indUC￿n training ak)rvJside new recruits to thè hospice's slaff arKI vdunteer grtyjp. All Iruslees are offered a taikjred induction programme to aid with familiarisation of thè charity and their rest￿1b￿￿￿S as truslees. ¢. PAY POLICY FOR STAFF In addition to its statutory obligation lo IMp￿ment the national wage and national minimum wage rates, the hospice implemenled a new Pay Framework in 2021 following consultation with Trustees. The princi￿8$ undedylng the pay trarnework a￿.. Stsff pay should be based around the median benchmarked market rates l1- 5%): Ary cost of living inuease awarded wll be applied to all grades and roles". and A ￿mMi￿￿ent to align pay to Agenda for Change. The pay framework appfies lo all empkyee$ except for tYoctrKs and Ccffisultants where GMC rates apply. The Trustees rewew pay annually ahead of the new financial year. a view to making a d￿l$lon on pay and ordinarily implemenbng any pay award fft)m 1st April. In April 2023 the TNstges awarded a 5% cost of living increase. d. ORGANISATIONAL STRUCTURE AND DECISION MAKING Responsibility for the charity's overall strategy, the monitoring ol its progress, the management of risk and legal ￿n￿lance rests with the t)ard of trustses. wthich meets every 3 months. In addilion. committees reporbr¥J lo full t¥)ard ijn Finance Audit & Risk. Income Generation. Patient Ser¥ices and People & Res￿ree$ also meet M a regular basis. The board of trustees makes all cLvpyat8 pdicy. strategy and b￿1 decisions. wth day-104day reSponsi￿.￿ty the running of Iho ¢Kwisation delegated by the tK)ard to the Ch￿f Executive. 14

Pro$p•ct Hospic• Limited R•port of tho trusts•s For the r ended 31 March 2024 RISK MANAGEMENT The Iruslees have assessed. and wukrty Iquartetyl assess. rnai￿ risks to which the chartty and the group is exposed. in pa￿C￿lar thosg related to the operatsons and finances of the charity and the group. and are satisfied that systems and procedures are in place to mitigate exposure lo the major risks identified. Under the risk management (￿11¢y. potential rtsks to the organi5ation are idenlffied aThJ reviewed regularty. Clinical governan￿ is given $wJnrfi￿nI atiention to ensure that the Hospice compltes with all relevant legisklD)n and best practice. Extemal consultants we enwed to provide increased support on risk management and heath aThJ safety matters as and when requY8d. The Finance, Audit and Rlsk Committee rgvi8ws an aspects of r￿k arKI reports to the board ol trustees each quarter. f. FUNDRAISING The Charities Act (Protection and Social Investrnent) 2016 came into effect in November 2016. It states reqU1￿MentS for annual ststements about fvndraising and these are covered below.. The charlty's approach to fundral$lng a¢tlYlty. and In partlcular wheth•r a professlonal fundraiser or comrnercial partic•pator was used: Prospect Hospice's approach to fundraising is lo ensure that any direcl fundraising expenditure incurred ￿Y11 maximise a retum" on inveslment whilst maintaining excellent reLqtionships wtth supporters. reflectsng best practice within the seelor and protecting the vulnerable. To help S9￿re further member5 of cw bttery. also contracted a professional canvassing agency Ythich provlljed their employees for to dc¥)r and retail canvassing. We did not empioy any lelephone marketing agen¢x lo canva5 for rthv members. D•tails of any voluntary fundrnising schemes or standards. which th• charity or anyone fundralsing on Its behalf has agreed to: Prospect Hospico is a member of the Fundrasing Regulator. We pay the voluntarylgvy and asYo0 to rnaintain eompliano to Ihe regulatiorts. We have a supporter promise on our website. Whtrth•r and how tht Charity monitored fundralslng aclivities urri•d out on its ￿hlIf. FLtndrai5ing ackn"vilies are monitored by the Income Generation Committe8 made up of Iruslees whid) reports to the board of trustees. Any contracts relating to ProfeSsH￿al Fundraisers are scrulinised by the Director in.charge of fundraising and reported by except#)n where necessary to the Committee. How many complaints the Charity or •nyone a¢tlThg on Its b•hall has received about fundralsing for the charity: We have a ￿MPlaIntS procedure and all compkiints are rec￿led. In 23124 we recwved 1 complaint out of a total of 26,627 donations made by individuals and organisab￿S that supported Pr05pecl Hospice during the year. 15

Prospect Hosplce Llmited R•port ofth• trustees For th• ar onded 31 March 2024 Complaints are monitored by the Exeujbve Team and Finance. Audrt and Risk Committee to identify trgnds. address complaints and onsure besl praclice 15 follcNRd. What the charity has done to prot•ct vulnerable people and othws from unr8asonabl• Intrn$lon on a p•rson'$ prlva¢y, unreasonabl• p¢rsl$tent approaches or undue pressure to glve. In the couFso of. or In ¢onnKlSon wlth fvndralslng for Ih? ¢har5ty: Pr05pecl Hospice has a clear FurKlraising and Vulnerable Adutts PolTrcy. t￿iCh our lundraiser$ adherg to. As part of this procedure. anyone identffied as a Vulnerab￿ person will immedial8ly be marked as not contactable on our database. We will onty work wilh Professional Fundraisers who have their own elear Vulnerable Adums ￿lIcY and who train their operators in how lo deal with vulnerable adulls. All com￿alnts are reviewed and addressed in line with our complaints procedure. What Ihe charity has done lo ensure Its fvndralslng aGtlvllle$ ¢ompty wlth Dats Prot•ctlon legi$latlon {GDPR)- Prospect Hospice Income Generation team set up a ￿￿1￿19 party to ensure ihe fundraisirvj database ar￿ all data poJicie5 folk)wed wthin the fundraising department are fijlty compliant with UK GDPR regulations. introducefj in May 2018. This in¢ludes robust measures on how we contsct supporters and how a supporter can change the way they hear from us. TRVSTEES. RESPONSIBLITIES STATEMENT The trustees Ivtho are also directo￿ of the charity for the purposes of company lawl are responsible t￿ preparing the trustees. report and the ffinanaal slalements in accordance with applicabb8 law and United Kingdom Accounting Standards. inclucling Financjal Rewrting Stsndard 102- The Financk41 R8POrting Standard appluble in the UK and Republic of Ireland {Unrted Kirydom.Generally A¢ceple(l Ac¢ounling Practice). The trustees are require¢J lo Prepa￿ financial statements f¢y each financial year, %thich give a true and fair view of the state of affairs of the charity and the group and Ihe incoming resources and applicatton of resources, including tho net income or expenditure. of the charity and the group for the year. In preparing those financial statements the tfustees are required to". Select suitable accounting pol￿eS and then appty them consistenuy". Observe the methods and prin￿￿e5 in the Charities SORP.. Makgjudgemenls and accounting &stimates that are reasonable and prudent: State whether applicabl8 accounts'ng standards and statements of recommonded practice have been followed, su*'ect to any rnaterial departu￿$ disdosed and explained in the financial statements,. and Prepare the finanual ststements on Ihe goiThJ cMcem b￿$ unless il is inappropriale to presumè that the charrtable group will conkn.nue in operats"on. The trustees are respon$ibk for kee&¥ng proper a¢￿Unting records which disclose with reasonable accuracy al any time the fin8noal position of the Charity and the group and which enable them to ensure that the finan¢ial statements comply wrfh the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the Charity and the group and hencg for taking reasonable steps lor the prevenbon and deled￿n of fraud arKI other irregularitie5. 16

Prospect Ilospl¢• Limlted Report of the trustees For the r •nd•d 31 March 2024 Disclosure of information to auditor E8ch of persons who are trustees at the time tn this trustoes. is approved has onfirmgd Ihat: So far as that trustee is aware, there rK) releV￿t au¢*l infcffmation of ￿1¢h Ihg charitable group'$ audbtors are unaware, and That tnjstee has tsken all the steps that ovghl to fiave been tsken as a trustee in order lo be aware of any infomiali¢)n needed by the charitsbje group's audilor in connect￿￿ with preparing their report and lo esiablish that the charitable group's auditors are aw￿ of thal information. .The tru"slees a￿ respon￿ble for the maintenance and integnty of the corp)rate and financial information included on the charitable CoMpan￿S website. Legi51alion in the United Kingdom gov8ming the preparabon arHJ disseminabon of finar￿tal slalements may differ from le9islalion in otherjurisditions. Auditors The auditors. Godfrey Wi151>n, have indicated their wllingness to conbnue in offK&. The trustees wll propose a rnolion re-appointing the auditors al the board rnee￿g on the 13 June 2024. This repor( induding the strategic reKw)rt was approv&J by t#)ard of trustees on 13 June 2024 and signed on their behalf by. Nisd &dty Nigel Sully-chair 17

Independent auditors. ftport To the mwnbers of Pros •¢t Hos ice Limltod Opinion We have audited the financial ststemenls of Prospect HOsp￿e Limrted Ilhe 'p¥enl charitl) its subsidiary Ithe'group'l for the year ended 31 March 2024 comprise the consoftdated staièmenl of financial activities, con501idated and pa￿nI balance sheets. ¢onsolklated statement of cash flows and the related notes lo the financial $talements. including a summary of Signifi￿nI accounting policies. The financral reportiThJ frarnework that has i￿rt appfr'ed in their preparation 15 applicable law and United Kingdom Accounting Standards. induding Financrdl Reporting Standard 102.. The Finan￿al Reporting Standard applicable in the UK the Republ￿ of Ireland {Uniled Kingdom G￿eTaI￿ knepted Accounting Praclice). In our opinion, the financial $tslements.' give a tru8 and fair view of the stale of Ihe group and Pa￿nt Charitys affairs as at 31 March 2024 and of the group's incoming resources and application of resources. incIL￿ing its wKome and expenthiure. for the year then ended", have trAen property PrePa￿d in accordance wth United ￿ngdoM Generally Accepted Accounting Pracb'ce., and have been prepared in accordance the requirements of Ihg Compan￿$ kt 2006. Basls tor opinion We conducted our audit in aetordancè wrth Inlemational Standards M Auditing IUKI {ISAs IUK}l and applicable Liw. Our responsibil￿"e5 under Ihose standards are fvrther described in the Auditor's responsibilioes for the audit of the financial stalements section of our rew)rt. We are independent of the group and pa￿ftt charty in accordance wth the ethical requirements that are relevant lo our audit of the ffinancial ststernents in the UK. including the FRC'S Elhica Standard, and we have fvifilled our other ethical respon5ibililies in accordance vnth these requirements. We believe that the audit &vi¢Jence we have obtained is suifiaenl and appropriate lo provide a basis for our opinion. CoThcluslons relailng to golng COn￿M In auditing Ihe finanual slalemenls. we have concluded that the frustees, use of the goiNJ concern basis of acc£Junts"ng in the p￿paral￿ of the ffinancial statements is appropriate. Based on the Work we have perfonned. we have not idenlffied any material uncertainties relating to events ¢y Condit￿n$ that, individually or edlectNely. may cast signfficant doubt on the chariws ability to continue as a going con¢em for a perbod of at least fv￿1ve months from when the financial stslements are authorised for issue. Our responsiblrties and the responsibl￿tIeS of Ihe IIu51ees wilh respect to going concern are described in the relevant seth.ons of kn"$ rep)rt. Other informatlon "The trustees are resp)nsib￿. for the other infomiatÉon. The oiher information comprises the infomialion included in the annual report olher than the group and parent charity financial statements and our a￿JItOr'S report thereon. Our opinion on the group and parent charity financial statements does not cover the other infomiation and. except to the exient otherwise explicilty stated in our report, we do not exp￿$5 any fomi of assurance conclusion thereon. 18

Independ•nt auditors. r•port To the members of Prt¥5 ect Hos Ice Llmltsd In conneclKsn wlh txjr audil of the financKql statements. our responsibility is lo read the other infomation and. in doing so. consider whether the other infomation is materially inconsistent with the rinancial stslemenls or our knovAedge obtained in th? audit or otheA¥ise appears lo be materially misstated. W w8 kl8ntify such material inconsistenciés or apparent material mi%stalements. we are reqUI￿d to detemine whether the￿ is a mateftal misststement in the finanaal slatements or a material misstatement of the other infomiation. If. based on the Work we have perfomied, we con¢ludg that there is a material misslalement of this other infom)ation, we are required to report that fact We have nothing to report in this regard. Oplnlon on other matters prescrlbed by the C¢)mpanles Act 2006 In our opinion, based on the work undertaken in the ￿￿r$e of the aLKlit.' . the infoThnation given n the trustees. ￿l￿)rt lincol￿t￿9 Ihe stregic rep)rt and the directors. report) for the financial year for which the financial slalements are prepared is consistent with the financtal statements,. and th8 Irustees. report linco￿rating Ihe strategsc re￿rt and the directors. rgportl have been prepared in accordance ap￿icable Wl requirements. Matters on vthich we are required to report by exceplion In"the light of the knowAedge and understandiw of the group and the parent charity and their gnvironment obtained in the course of the audit. we have not identified material misstatements in the Irustees. report. We have nothing to report in respect of Ihe following matters in ￿latiOn lo which the Companies Act 2006 requires us lo report to you rf. in our opinion". adequate accounting record5 have r￿1 been kept by the parent charity, or relums adequate for our audit have not been received from branches not visited by us: the parent charity finanoal statements are not in agreement wrth the alxounting records and retums: certain rfisdosures of truslees, remuneration specffied by law are not made: or we have not obtained all the information and explanat￿nS necessary for the purposes ol our audit. R$ponslbllitles of the trustees In pwparing the fiftan¢ial ststements. Ihe trustees are res￿SIble for assessing the charity's ability to continue as a going concern. disclosing, as aP￿icable, malters related to going concem and using the going ba515 of accounting unles5 the trustees either inlend to liquidate the charity or to cease operations, or have no realistic altemative bul to do so. Our resp(thn$ibilities for the audit of th• financial sL*ements Our objecti¥es a￿ lo obtain reasonable assurance about whether the financial statements as a vA)ole are" free fr(￿ material misststement. whether duè lo fraud or error. and to issue an auditor's report thal incbJ¢Jes our op¢nion. Reasonable asSUrar￿e is a hKJh ￿Ve1 of assurdnce, bul is not a guarantee that an aurfit conducte11 in accordance th ISAS {UKI V+ill a￿yE detect a material mi5Statement vknen il exists. Misstatements can arise from fraud or error and are considered material rf. individually or in the a93regale,"they could reasonabty be expecled to influence the econom￿ decisi¢)ns of users taken on the basis of these financial slatements. 19

Independent audltors. report To the mwnbers of Prospect Hos Ice Llmhed Irregularilres. irKluthng fraud. are instances of nM4ompliance ￿ty1h las and regulations. We design procedures in line wilh our reswnsits'lities. ouvined at#)ve. lo detect material misststements in respect of W￿ularities. including fraud. The procedures we carried out and the exlenl ¢0 which they are capable of detecting irregularilies. including fraud. are detailed below.. 11) We obtained an understarKling of the legal and wulatory framework that the charity operates in, and assessed Ihe risk of non<0m￿on¢￿ applicable law5 and regulations. Throughout the audit. we remainoJ algrt to poss)￿ irKlications of nM4ompbance. . 121 We le￿eWed Ihe chariVs Fdicles and kv(xedures in relati￿ to: 1d9nli￿g. 8valualing and complying with lavts and ￿gulati￿5. aThJ whether they were awaffj of any inslanees of non-compliance- Detecting and responding to the risk of fraud. arwj Tthelher they wern aware of any actual, suspected or alleged fraud.. and Designing and implemenb'ng intemal controls lo miligate the risk of norKompliance with laws and regulats"ons, including fraud. {31 We in$￿CEed the minutes of twst88 meebngs. (41 We enquired atM)ul noTrroutine communication wlh regulators and reviewed any reports made lo them. 151 We revwed the financial statement disclosures and as$gs$gd their compliance wlh applicable laws and regulalws. 16) We p&fomied anamical wocedures to Klentify any unusual Of unexpected transaci¢ons or balances that may indicate a risk of material fraud or error. 17} We assessed the risk of fraud through management override of controls an¢J carried out procedures to athjress tlis risk. Our procedures induded.. Testing the appropriateness of joumal enlries.. Assessing judgements and ace¢JJnts"ng ests"mates Wential bias: Reviewng related paty transactions- and Testing transactions Ihat are unusual or tyJt￿de the nomial course of business. Because of the inherent limitations of an a￿J11, is a risk Ihat we VAII nol detect all irregularikn"es. including those leading lo a material misstatement in the financial 51aiements or non-compliance with gulation. IrregularitÉes that arise due lo fraud ean be even harder to detect than those that arise . from error as they may ￿vOlve deliberate wi¢ealment or CO1￿$￿)n. A further description of Iwr reSp(￿SibIlitieS for Ihe audit of the ffftan¢ial slatements is located on the Finanaal Reporfj'rty Council's website at." WW.frc.org.￿audlt0r5re5￿￿sibIlltl8s. This d8SCriPtion lomis part of our auditorfs reF

Independont audltors. report To Ihe members of Pros Hos ice Limlted Use of our report This report is made solety to Ihe chariws members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit Work has been undertaken so that we m￿￿h1 state to the charitys ￿￿rnber5 those matters we are ￿quired to state to them in an auditor's report and for no other purpose. To Ihe ful￿51 extent permitted by law. we do not accept or assume ￿SponSIbl1￿ to anyone other than the charivs members as a bfydy. for our audit work. for this reptsrt. or fo( the opinions we have f(￿med. Dale-. 17 J￿e 2024 Alison Godfrey FCA {Senior Stathtory Audito For ond on behalf ot. GODFREYWILSON LIM￿ED Chartered accountants arKI ststutory auditors 5th Floor Mariner House 62 Prince Street Brisl(A BS14QD 21

Prospect Hospic• Limit•d . Con501ided statement of financial activities finc0￿h.ng an incom8 and expenditure account) For the ear ended 31 March 2024 2024 Total £ODO 2023 Total £000 Restricted Unrestitled £000 Note In¢ome lrnm: Donali)ns an¢J legactes Charitable activit￿S Other trading activities Investments Ot￿r income 148 1.933 2,231 2.379 2.002 2.969 77 2,712 2.549 2,869 16 16 2.969 77 Total income 2,081 8.162 Exp•nditum on: Raiwng funds.. Voluntsry income Funthaising tradirvj Chanl&le acts"vities 611 2.520 3.422 576 2.099 4,883 2.520 5,537 2.115 Total expendlture 2.115 6.553 Net Income l (expendhurel t￿lor& investm•nl gains {341 {1.207) 11,2411 Nel gains l {lossesl on investmonts- 128 76 Net mov•rnent In funds {341 {1,079) 528 Reconclllallon ol funds: Total funds brought f¢JThvard 1,188 6.489 7.677 7.149 Total fvnds wrl•d forward 1.1S4 5.410 7.677 Afi of the above results are derived from eontinuing aclivthes. There were no other recognised gains or losses ther than those st*ed above. Movements in funds are disclosed in note 25 to Ihe accounts.

Prospect Hospice Limlted Consolldaled balanc• sheets As at 31 March 2024 Th• woup The group Th• charity The chartty 2024 2023 2024 2023 £000 £000 £000 £000 Note Fixed assats Tangible asset5 Invesimenl propety Investments 12 13 14, 15. 16 2.286 2,296 452 3,827 2,286 452 2.886 2,296 452 3.827 5.624 6.575 5,624 6.575 Current as¥¢ts Stocks Oebtors Cash at b￿k and in hand 17 18 55 457 2.564 51 473 2,550 686 920 700 906 1.669 3,076 3,074 Uabilities Creditors." ￿OUnts fallng due within 1 ye 19 729 974 721 972 Not Current as$ets 2.102 940 2.102 Creoitors: ￿ounts fallng due after 1 year 1.000 1,000 assets 24 7.677 7.677 Funds Reslricled (und5 Unrestricled fvnds: Designated lunds Ger*ral funds 1.188 1.188 87 5.323 100 6.389 87 5.323 100 6.389 Total Gharlty funds 7.677 6,564 7.677 Approved b/ the tnJslees on 13 June 2024 and signed on their behalf by Nigel Sulty- Chair Sadie Panler- Tnjslee 23

Prosp•ct Hospic• Limited Consolidated statement of rysh flows For thè ear •nd•d 31 March 2024 2024 £ODO 2023 £0 N•1 ￿$h provld•d by l (us•d Inl operating activiti•s Net movement in lurKI$ Adjustments for Depreciation charge5 (Gainsl I k)sses on investments Dividends, interest and rents from investrrtents Loss I Iwofftl on the sale of fLxed assets Impairment of fixed assets De￿ase I lincreasel in stod( Decrease I lincreasel in deblo Increase l (dee￿ase> in creditors (1.113) 528 138 (128) (7n 115 76 1161 1171 {a) (229) 1,043 441 Nèt ¢a$h provid•d by l (us•d In) operatlng actlvlties 1,356 1.277 Cash flows from investing aclivities: Dividends. interest and rents from investments Disw)sal of fixed asset investsnents Purchase ol tangible fixed assets Proceeds frDm the sale of property. plant and equipment Movement in cash held by investment managèr 16 2.596 1134) 129) 24 1.527 N•t eash provided by l (used in) investing a¢tlvlll 1.012 Ca$h flow$ from financing activiti•s: RepayThenl of borr(Y4ving 1.300 200 Net cash provlded In l fus￿ Inl financlng acllvltles 1.300 200 Incrnas• I Idecreasel in ¢ash and Cash equival•nts in th• year {1.644} 1.088 Cash and cash eq￿Valents al the tginrt)g of the ￿ar 1.476 Cash and wh wulvalents at the •nd of the y••r 920 2.564 Anatysis of net changes in debl are gNen in note 22. 24

proS￿cl Hospl¢e Llmlt•d Notes to the financial statements For th• r ￿ded 31 March 2024 A¢¢ounling policies a) Basis of proparatlon Th8 financial statements have been prepared in accordance Accounting and Reporting by Chafities". Statement of Recommended Practice appl￿ble to charits.es in preparing their accoLsnts in accordan￿ with the Financial Re[￿ng Standard apph"cable in the UK and Republic of IreFand IFRS 102) leffeciivg 1 January 2019) - (Charibes SORP IFRS 10211. the Financi81 Reporfing Standard applicable in the UK and RepublK of Ireland IFRS 1021 and the Companies Act 20￿. Prospect HOSP￿ Limited meets the definitts￿ of a public benefrt entity under FRS 102. Assets and liabilities are inib.ally re¢ogni5ed al historical ¢ost or transactb)n value unless otherwise stated in the relevant a¢￿unting poliry note. The charivs functional and preSentst￿JnaI currency is the p)und sterfirKJ aThJ the accounts are presented in round thousands. b) Group accounts The58 financial statements consolidate the ￿sUIts of the charitable company aThl ils W￿)lly- owned Icontrolledl subsidiary on a lin8 by line basis. Transactions and balances betsveen the charitable company and its subsidiary have been eliminated from Ihe consdidated financial statements. Balances between the ￿ companies are disdosed in the notes ol the chariiable compan￿$ ￿ance sheet. A separate statement of finan¢ial aclivilies. or income and expenditure account. for Ihe chairtable company ttseif is not presented because the Charlta￿e company has taken advantsge of the exemptions affordgd by section 408 of the Companies Act cl Going concern ba$1$ of accounting The accounls have been prepareil on the assump￿￿ that the charity i% able lo continue as a going ¢onc6m. The trustees have taken into account the key financial ri$ks rt Continuos to face as the rate at vthich operating costs have increased is not matched by a similar increase in income. The organisab.onal strategy is being ￿vieWed and utxjaled wth financial sustainability as a key focus. A new income generation strategy 15 eurrentty being developed as part of this rewew,"together wilh a comyehensive review of seNice provision. Tho updalod plans wil be nsKl8red by Ihe Board in September 2024. dl In¢ome Income is ￿￿>aniSed vhlen th? charity has ontiuement to the funds. any performance conditsons attach•1 to the ilern of incorne have been met. it is probable that the income ￿11 be received and amount can be measured reliably. In￿me frc*n the govemmenl and other grants, whether 'capilal' grants or 'revenue' grants. 15 recognised when the charity has entitlement to the lunds. any performance conditions attached to the grants have been meL it is probable that the inccrfne will be received and the amount can b8 measured reliabty and is not deferred. 25

PM$pect Hospice Limited No¢e$ lo Ih? financlal statements For Iho •ar ond•d 31 March 2024 A¢¢ountin9 poli¢i¢$ l¢ontinu•d} dl Income (contSnuedl For legacies, enlillement Is tsken as Ihe eartier of the da18 on wthich either.. the eharrty is aware that probate has bean granted. Ihe estate has been finali5ed and nolffication has been made by the executors to ihe Trust that a distribuih)n will be made, or vthen a distribution is received from the estate. Receipt of a legacy. in whole or in part. onty consKlered probable when the amount can be measured reliabty and the chanty has been notifietl of Ihe executorfs intention to make dislributs"on. Where legacies have been notifd to the charity. or the charity is aware of the granting of probate. and the criteria for income rectrjnition have not been mel. thon the legacy is Irealed as a contingent assetrand disch)sed rf material. Income received in advance of futu￿ events or bttery draws is deferred until the ev&M takes place or the bttery draw is run and tfiteria for incom8 recognition are met. Income from contracts received in advance of semce delivery is daferred to.the perkid to which rt relates. o) Donated ￿1¥1¢9$ and fa¢115tl•$ r￿n8[9d professional services and donated facilitie5 are recognised as income wt)en the tharity has control over the item. any conditions associated with Ihe donated item have beon met, the r8ceipt of economic benefft from the use by the dlarity of the rtem. is probable and the economic benefit can be measured reliabty. In accordance vAth the Charities SORP IFRS 102). general volunteer time is nol recc#3nised. receipt, dry￿ted profession seNces and d￿ated fauliiies ar8 recognised on the basis of the value of the gift lo the chanty which is the amount the charsty would have been willing lo pay to obtain Services or facilrties of equivalent economic benefrt on the open market: "corresponding amount is then recognised in expenditure in the period of receipt. Donat￿ goods for resale are recognised as income at their fair value upon receipt. which is deemed lo be Ihe expected proceeds Irom sale less the expectsd costs of sale. Any differenco in the resale ¥￿ve is charged or cre¢Jiled lo the statement of financial activith?s during thè year. n Interest receivable Interest on fu￿1$ held on deposit is included when re￿1¥able and the amount can be measured reliably by the charity. this is normalty upon notificab'on of the interest paid or payable by the bank. g) Funds accounting Unrestricted fvnds are avalable to spend on actmlies that fut1her any of the purposes of the charity. Designated lunds a￿ Un￿strICted funds of lh8 charity which the trustees have decided at their discretion lo set aside lo use for a specffic pury￿se. Restricted funds are donations vthich the donor has speerfied are lo be solely used for particular areas of the charitys work or lty'spe¢ific projects being undertaken by the charity. The costs ol raising and administering such l￿dS are charged against the specffic fijnd. The aim and use of each restricted fund is set out in the note5 to the financial ststements. The ngt book value of buildings. and significant Wnprovements to buikliThJ$. which are frjnded by restn.cted monies are treated as lestr￿ted.

Pro$pe¢t Hospice Limited No¢e$ to the IlnaD¢lal $tat•m•nts For the r ended 31 March 2024 Accounting polides {¢ontlnued) h) Expenditur• and irrecoverable VAT Expenditure is r8cognised once there is a legal or constructive Obligal￿n to make a payment to a third paty, it is probable Ihat sotU8m8nt will be required and the amount of the obligation can be measured reliabty. 1￿co¥erable VAT.is chwged as a c05t against the activity for which the expenditure was incurr61. Costs of raising fiJnd5 are those costs irtcur￿d in allra¢ting vduntary income and those inCUr￿d in trading acliwlie$ that raise fvnds. Costs of charitable activilvas indude items that ¢an be directry attributed lo the acttvities and include a wowrtion of SUPFNt costs. In implemenling the hospice strategic plan. where alongside continued direct delivery of high quality pab.enl seryices. we seek to positively inffluence the care prowded by other organisations and individuals, we need to understand where we a￿ allocab'ng and Spgnding our budget against these aims. The hospice has ¢ontinued to sel wt the allocation of costs by Strateg￿ aim. accounting for time taken by staff in direct care rotes C￿ education and influencing. Governance costs include those incurred in the govemance of the charity and ils assets and are primarity associated wth const"tutsonal. statutory and regulatory requirements. 11 Allo¢a¢lon of support costs Support costs Include central functions arKI have bèen all¢xated to aCtI￿ty cost Categorigs on basis consistent with the use of resources. Facilibes ￿$tS including reception and housekeepiftg are allocated by Spa￿ 0￿Pied and catering costs are allocated based on meals pr0dL￿ed. Al other ¢sls ats allocated based on headcounL 11 Tangible fix•d assets Dep￿CIall0n is provided at fates cakulated to write dcthn the D)st of each asset to its eslimat residual value over its expected useful ￿fe. The deprecIat￿n rates in (oe are as follows.. Hospice trMJilthngs Lease￿)Id improvements stra*Jht Ine over the remaining useful life to 2045 10 years. straight line for hospice improvements. or 3 years. slraighl line lor shop improvements 10 years. $traKJhl line. or 3 years depending on nature of equipment 10 years. stravJhl line. or 3 years dopending on nabjre of equipment Erwipmenl for care and support Other equipment and vehides Items of equipment are ca￿taliSed where the purchase exceeds £1.OCII. k) Investment propety Investment land is inchjded IA the balance Sheet at its fair value. No deyeciation charged. Gain$ or losses on inveslrnent land are shown on the statement of fina￿al activities (SOFA). 27

Prospect H05plce Llmited Not•$ to th• flnan¢lal $Lit•ments For Ihe r •nd•d 31 March 2024 A¢¢¢Mmtlng poll¢i•s (continued) 11 Investments Investrmenls held al Ihe year end are valued at the current market value at that date. Investment income from dNidends is ineluded in incoming resources while realised and unrealised losses and gains on investments are shown separalety on the statement of financial activtties (SOFAI. Realised gains and kisses ar& cakuLated on inve5trnenl disposa15 durirtg the year as the diffeience between the openirKJ market value and the pr(yceeds receive(l on sale. Unreali5ed gains and losses are eakulated on irNestment hokjings al thè year end as the difference . be￿￿8￿ the cbsing market value and the opening market value or pur¢hase value during the year. m) Stock Stock ￿ induded at the bwer of cost or net realisable Val￿ after making due albwance for obsolets and sl¢)Wvmowng stocks. Donated items of stock ara re¢ognised at fair value. derived from an estimathjn based on holding 2 weeks. worth of noniftaided sales. n) Debtors Tradg and other debt0￿ are recoynise(l * the sethement amwnt due after any trade discount offered. Prepayments are vahjed al the amount p￿paid net of any trade discounts du. o} Cash at bank and in hand Cash at bank and cash in hand indudes cash and Short lefm hHJhty liquid investments with a short maturity of I￿￿e months or less from the dale of a¢quistb"on or opening of the deposit or similar a¢￿unt. p} Credllorn Creditors and prowsions are're¢ognised where Ihe charty has a present oblwalh)n resulting from a past event that will Probably re5uK in the transfer of fund5 lo a third paty and thg amount due t(> settte the obkngafton can be measured or estimated reliably. Creditors and provisions are n￿alY recrtynised al their settl￿ent amount after alkn¥ing frx any trade (Itscounts duo. q) Finan•al Instruments The charity only has financial assels and financial liabilth.es ol a k￿d that qualify as basic .financial instruments. Basic finanaal instruments are inthally recc4Jnised at transaction value and subsequenly measured at their settkment value. r) Pen$iM ￿$ts . The charity parbcipates in an NHS defined benefil xheme. and a Royal London Iformedy Scottish Lrfel defined contribution scheme. Under the NHS Pension Scheme Direction Order {1996) only qualfy'ng employees a￿ pemiitled lo join the NHS pension schgme. There are no .1Urther￿abll1tieS other than that already recognised n the SOFA.

Pro$ped Hospice Limited Notes to the financlal Statements Forthe r end￿ 31 March 2024 Accounting poli¢l•s {conlinuedl sl Accounting estirnates and judgements In the applicaknn of th8 chantys accounting w)licies, the trustees are required lo make judgements. estirnate5 and assumplions about the carrwng values of ass8ts and liabil￿e$ Ihal are not readily app8￿nI from other sourrs. The estimates and undertwng assurnptions are based on hislorical experience and other factors Ihat are considered to be relevant. Actual results rnay differ from these esb"mates. The estimates and underfying assumptions are reviewed on an ongoing basi5. Revisions 10 accounting estimates are recognised in the pericJ in which the estimate is ￿vised rf the revision affects only that perh￿. or in the period of tho ￿viSIon and fu￿re per￿S if the ￿vIsion affects both current and futu￿ perK>ds. The key sour¢e5 of estimation or uncertainty that have a svJnift¢ant effect on the amounts recogrised in the financial statements include depreciation see note Its") al)ove - accrued legacy income. which 15 induded wlhin debtors see note 1ldl above the Akers land investM￿t propety valualw)n- see note 1 Ik) above. Prior p•rfod comparativ•s 2023 Total Éooo Restricted Unre5tricled £000 IncaTh from: D￿ationS and kgacies Charitable activities Other trading actiwlies Inslments Other in￿le 230 2.502 2.482 47 2,869 16 16 2.712 2.549 2.869 16 16 Total income 2.732 5.430 8.162 Expenditure on: . Rasing funds: V￿Untsry income Fundraising trading ChaiitAe acts"wlies 576 2.099 2.053 578 2.099 4.883 2.830 Total expendllurn 2.830 4.728 7.558 Net •xp•nditurn before inv•stm•nt gains (981 702 604 Net (losses) on invesknents 76 76 Net movement In fund$ 98 626 528

Prosp•ct Hospice Limit•d Nol•s to the Ilnanclal stsl•m•nts For the r ended 31 March 2024 Income from donations and l¢gaci•s 2024 Total £000 Re5tn"cted UnrestriG18d £000 533 168 313 533 200 313 Prosp￿1 fundraising events Community fvndrasirvJ 8oxès income Legaaes Trusts income In memorium 819 106 248 819 189 281 33 Tgtal donatlons and hgaclès 2.231 2.379 Prlor prlod comparatlve 2023 Total £0 Restricted Unrestricted £000 £000 Oonations Pro$￿1 fundraising events Community furKlraising Boxes income Legacies Trusts inc¢xne In mernorium 492 119 383 45 1.136 52 255 492 151 383 45 1,136 250 255 32 198 Tolal donations and legachs 230 2.482 2,712 Income from charitable actlvities 2024 Total £ODO Restricted Unrestrlcted £000 swind￿ CCG Wiltshire CCG Great Western Hospitals NHS Foundations Trust Heatth England IGPST1 dt)ctors fundiThJ) Educalion & Training Income Olher 1.383 322 1,383 322 15 205 28 15 205 24 19 Totsl ¢h•ritable a¢tivltl¢s 1.933 69 2.002

Pro$p•ct Hospice Limited. Notes to Ihe finan¢lal slat•m•nts For tho ar •nd•d 31 March 2024 Income from chadtsble actlvltlos {contlnued) Prior period comparative 2023 Total £000 Restricted Unrestricted £000 COVIO fundir4J S¥wnd¢Jn CCG Witshwe CCG Great Westem HOS￿15 NHS F¢yJfKlati¢Jn$ Trust Heatth England IGPST1 doctors fvnding) BSW Aliance Heatth Educalton England Olher 75 1,787 311 1.787 311 177 118 27 11 177 118 27 49 38 Total charitable activitle$ 2.502 47 2.549 In¢¢)rn from other trading activities 2024 £000 2023 £000 Shops and relail Lottery income C8leriNJ income Ball ts'c&ets and raffle 2.189 697 83 2.043 749 43 Total other tradlng a¢tl¥ltles 2.969 2.869 Allothwlrading actrrfty inwne in the ¢uffpntandwiorye8rwas unrestricted. Invg$tm•nt Incom• 2024 £000 2023 £0 Income from cash held at UK banks Income from investment wtrolio so 27 15 Total inv•$tm•nt in￿De 77 16 All investmentincome in the currgnt and prwyear was unrnstrKted. 31

Prosp•d Hospice Limit•d Notes to the financial statements For the ar ended 31 March 2024 Gov•mment grnnts The charitable company receNes lunding from Ihe government in the form of a slandard NHS contract (short fomil from Ihe lo￿1 Clinical Commissioning Group {Swindon and Wiltshirel. In the prior year soffl Covid fvnding was also received from NHS England via Hosiyce UK. Dètails of the amounts received are in nole 4 to the accounls. There are no unfulfilled conditions or conb'ngen¢ies atta¢hin9 to these funds. Expenditure Direct costs £000 Supp)rt costs £0 2024 Total £ooD Ralslng funds Costs of generating voluntary i1￿0m6 451 160 611 Fundraising trading Costs of goods sold in shops and café Lottery prizes and overheads Retail costs 18 74 152 1.678 607 2.285 1.886 634 2.520 Ch•rit•ble activities In-patient unit Community ca Influencing and education (>)vernance costs 1.794 1.083 718 101 778 517 2.572 1.600 1.264 101 3,696 1.841 5.537 Total expendltur• 6.033 2.635 8.668

Prosp•ct Hospic• Lim•t•d Notes to the flnanclal statgments For the r ended 31 March 2024 8. Expenditure {continued Prlor year ¢omparati¥• Direct C051s Support costs £000 2023 Totsl £000 Ratslry lunds Costs of generatsng YO￿￿1ary. income 132 576 Fundrdlsing trading Costs of gwds sold in shops and café Lottery prizes and overheads Relail ¢osls 43 210 1,343 43 212 501 1.596 503 2.099 Charitablt a¢tiviti•s In-patient unit Community care . Inf>jer￿ln9 and education Govemance costs 1.507 931 628 102 744 527 2,251 1.458 1.072 102 3,168 1,715 4,883 Total expendfture 5.208 2.350 7.558 33

Pro$p•ct Ho$pi¢e Limited Notes to the flnanclal ststoments For lh• ar end￿ 31 March 2024 9. Net movement In funds This 1$ ststed after charging.. 2024 £000 2023 £000 Deweciation Operatiry ka5e payments Trustees. refnunerabon Trustees. reimbursed expenses Auditors. remuneration-. Stalulw audit for the group {eXdU￿n9 VAT) 138 353 Nll 115 274 1S 12 10. Staff costs and numbers Staff costs were as follows.. 2024 £000 2023 £000 Salaries and wages Social security costs Pension costs 5,267 494 400 4,414 428 321 6,161 5.163 . T8miination and redundancy payments totalh.ng £25k were paid durirvj Ihe year12023: £nill. 2024 No. 2023 No. Averag8 numbèr ol empkiyees 197 190 Full time équivalents.. 2024 No. 2023 No. Medical In-pats'ent wrses Community care InThJenung and education Catering and housekeepin9 Income generation Facilities and ￿CePtIon Admin and support Management 26 23 32 47 42 21 17 149 133

Prospect Ho$pice Llmiled Nots$ lo tho Ilnanclal statements For the r ¢nd¢d 31 March 2024 10. Staff costs and numbe¥s l¢ontinu•d) During the year. bank staff employgd by the hospice are used to cover short term absences, vacancies and trainirg. When bank staff are not aval￿ble extemal agency staff are thon used. Total payynenls for bank staff made through the Pa￿[1 in the year was £153k {2023.. £195kl. At 31 M8fth 2024 theTr were 38 members of the NHS pension scheme12023'. 331. and 136 members of the Royal London Group Personal pension plan12023= 1171. Thg nUffl￿r of higher paid employees Ivas: 2024 No. 2023 No. £70.001- £80,000 £80,001 - £90,000 £100.001 - £110.000 £110,001 - £120,0 £150.001 - £160.000 £160,001 - £170.OLXI The lotsl emoluments indusive of all empwr related costs and lermination. redundancy and other restructuring fixed term contractual payments paid to key management personnel (5.4 FTE) for the year was £693k12023- 6.0 FTE £670kl, of which. pension contn"bulw)ns amounted to £36k12023.. £30kl. 11. Taxatlon The charity is" exernpt.from.cryiralM)n tsx as all ils Mc￿ne is charitabk and is applied for charitable purposes.

Pro$p•¢t Ho$pl¢• Lirnlted Notes to the financial statsments For the ended 31 March 2024 12. Tangibl• fix•d ass•ts". group and charlty Equipment for care Other and equipment support and vehides £000 Hospi¢e land arHJ Leasehokj buildin95 imw)vements Total £000 Cost At 1 April 2023 Additions Disposals I reclassifications Impairmenl Recjassrfcations 4.073 217 457 11 912 123 14) 5,659 134 {41 {31 (3) At 31 March 2024 4,012 215 1.091 5,786 Depreciatk¥n At 1 April 2023 Charge for the year Disposals Recla5srfcations 1.848 197 427 15 891 23 11} 32 3.363 138 31 At 31 Marth 2024 1.913 200 442 945 3,500 Met book value At 31 March 2024 15 26 146 2,286 Al 31 March 2023 2.225 20 30 21 2,296 Included in hospice land and. buildiThJs is fretsh￿d land al a cost of £307k which ts not depreciated. 13. Inv•stment property: group and ¢harity 2024 £000 2023 £000 Market value at f April 2023 Unrealbsed gain on revalUat￿n 452 452 Mark•t vabjo at 31 March 2024 452 452 Hlstork ￿$t 153 153 The inveslment land"shown' relates lo a share of land that was gNen rn a legaw. The ownership of the land has been transfe￿ed into the names of the three bgneffictaries of which Prospect Hospice is one. Th8 k8test desktop valuation of the land was carried out on 31 March 2024 by Chesters Harcourt. This concluded there was no material change in valuation ￿ Iho proportion of the developabl& land. The remaining prOp)rt￿ of laTh1 is hel(J al arable value. The trustees consider this a fair eslimate of land value as at 31 March 2024.

Prospgd Hosplc• Limlted Notss to th• thanclal slatements For the •ar ended 31 Mar¢h 2024 14. Invostm•rtts: group and ¢harlty 2024 £000 2023 £¢)00 Markel va￿e at 1 April 2023 Disposal [￿CeedS Realised and unrealised gain5 1 {105sesl 3.853 (2.596> 76 Market va￿e at 31 March 2024 1.309 3.777 Cash held pending reinvestment 1.577 Totsl Investments 2,886 3.827 Invesknents comprise: Listed investrnenls Cash and cash equivalents 1,309 1.577 3,777 Total Inv￿lm•nts 2,886 3.827 All listed investsnents are hek1 in VarKJuard 60% Equty fund (untd July 20231 arKI CCLA Common Investment Fund (for the fvll Pe(￿). The Charity also hohss a £2 invesknent in a tradir¥J subsidiary Prospect ￿k)S￿¢& Trading Limited. as detsiled in note 15. 37

Prosp•ct Hospic• Limit•d Noto$ to th• flnanclal statements For the ended 31 March 2024 15. Subsidiary undertakings Prospg¢t Hospicg Trading timited Piospecl Hospice Trading Limited is a wholty ¢)wned subsidiary of Prospect Ho$picg Limited with an issued shar& capitsl of two ordinary shares of £1 each. 11 trades in the purchase an¢J sale of 'new goods. within our retsil operations and operates a cafe 7Mthin Ihe h)5pice. This Ix)mpany makes a donation to the charity of ils taxable profits under the grft ard stheme. 2024 £000 2023 £000 Tumover 129 79 Cost of sales Gross proft 73 38 Administrative expenses Profft I IIos5) on ordinary actiwlies befcrfe taxati 15 Tax ¢)n profrt I (loss) on ordinary aCti￿ties Proflt for the financlal year after taxation 15 Ghanges in equty Total retained losses brought ffyward Total comwghonsive income for the year Grft aid distribution to parent charity 30 15 Tt*al r•tain•d profft l {loss•s) carried fornard The aggregate of the assets. ￿abilitieS funds was.. 2024 £000 2023 £000 Assets Liabilities 37 37 27 27 Funds 16. Par•nt Charity The parent charityes gross income and the resulls f¢y the year are disclosed as fdlows.. 2024 £000 2023 £000 Gross income Resutts for the ￿ar 7,368 1.113 8.119 529 38

Prosp•ct HO4¥1￿ Limit•d Not•s to thg Ilnancial $Lthments For the ear ended 31 March 2024 17. Slock Tho group 2024 The charity 2024 £000 2023 2023 £000 Goods for resale 63 55 55 51 18. Debtors The group 2024 £000 The ¢harlty 2024 £000 2023 £000 2023 £000 Trade debknrs Amounts by group undertakings Tax recoverable Prepayrnents arKI accrued income 270 142 142 25 56 250 63 353 65 250 49 353 457 7¢)0 473 19. Creditors: arnounts due within 1 year The group 2024 £000 Tha charity 2024 £000 2023 £i)00 2023 £000 Trade crethtors Accwals Other laxalkn and sooal $8uxity Other Crerfrt￿s Deferred irtome (see note 211 Loans 110 219 128 100 233 111 106 216 128 57 214 100 231 111 44 186 300 215 300 729 974 721 972 20. Cr•ditors: amounts due after 1 year Th• group 2024 £000 Th• charity 2024 £000 2023 £000 2023 £000 Loans 1.000 1,000 . Prospect tr&)spice.had a loan frcm HSBC und8r the CBILS scheme ICorona¥Yus Business Interruption Loan Sch4ne}.'The loan term was 6 years interest being payable from month 13 al 3.99Vts over the Bank of Ertgland Base rate. The bank held a fixed and fk)ats"ng charge over the hospice assets and a legal charge ovef the value of the h0$y￿ land based on the htstorical ￿$1 of Ihe land as at the balance sheet dale 31 March 2021. In August 2023 the C8ILS kjan outstarKling balance at end of March 2023 of £1 m was rEpaid in full in IvJhl of steady increase in bank ￿terest rates. The hospice does not have any olher Iwg temi loans. 39

Prospect Hospice Llmited Notes to the financlal stat•m•nts For th• èar •nd•d 31 March 2024 21. D￿arr0d incom• The group 2024 £000 The charity 2024 £000 2023 £000 2023 £000 At 1 April 3)23 Deferred durirKJ the ye¥ Re18ased during the year 186 215 186 496 186 496 496 186 496 214 186 At 31 Marth 2024 215 186 214 186 Oef8rred ￿coMe relates to ts)ntract income r￿￿1Ved in advance of provision of seNices, fundraising income colected in advance of events and k)ttery ineome col￿ted w) advance of the draw. 22. Analysi$ rf ¢hanges In n•t d•bt Al 1 April 2023 Al 31 March 2024 £000 Cash Ilows £000 Cash 920 11.644) 920 Loans falling due within 1 year Loans faI￿"TVj due after 1 year (3001 1.000 300 1.000 Totsl 920 23. Flnanclal instruments measured at fair valuè The group 2024 £000 The charty 2024 £000 2023 2023 £000 Finanaal assets measured at far valug 3.338 4,279 3,338 4,279 FinanrAal assets held at fair value c(ynprise listed irNeslments and investment propety. 40

Prospect Hospice Limlted Notes to the flnan¢ial $tat•ments For th• e¥ ended 31 March 2024 24. Analys1$ of group nat assets betw••n funds Restricted De5iWated funds furmts £000 £000 Gerteral funds £000 Total fund$ £000 Tangib￿ fixed assets Invesknent propety F¢xed asset investments Current assets Cuff•)I lia￿litieS 1.092 1.194 452 2,886 1.520 729 2.286 452 2.886 1.669 729 62 87 N•t ass¢ts at 31 Maich 2024 1.154 87 5,323 6.564 Restricted fUr￿S Designated funds General funds Prlor year comparative Total funds Tangible rued assets Investment propety Fixed asset investments Current assets Current liabilities Non current liabilities 1.151 1,145 452 3,827 2,939 {9741 1.000 2,296 4S2 3.827 3.076 19741 1,000 37 100 Net as5et$ at 31 March 2023 1.188 100 6,389 7.677 41

Prospect Hospice Limited Not•$ to the flnanclal statements For the ear ended 31 March 2024 25. Movements In funds Transfers betsveen funds At31 hlarch 2024 £000 At 1 Awil 2023 Gains I (k)sses) £000 IrKome Expenditure £OCK) Reslrlctsd funds Building funds . Costs of e¢wipment Running costs 1.146 154) (5} 2.056 1.092 37 62 Total restricted funds 1,188 2.115 1.154 Unrestricted fund$ Designated funds General futNIs 100 6.389 (131 6.540 87 5.323 128 Total unr•$tri¢tsd fvnd5 6.489 5.346 6.553 128 5,410 Total funds 7.677 128 R¢strict4d funds Building funds This relates to cash recewed from the capital appeal to bJdd the ho$￿Ce in Wroughlon and cash recetved from the Department of Health in 2007. 2010 arKI 2014 for buiiling works at th8 hospice. The building costs related to this income have been incurred in previous years. The expgnditure cost for this year is the depreciation of the ￿lated assets. Other restrthd funds. rekqts to grants. donations and ￿acteS which are received fc* Specif￿ purposes. These are held as restricted funds until spent. most of ih8se fvnds ar8 utilised in the year of receipt. Unro$trl¢t•d fund$ Designatedfvnds This relates lo a potential liability arisrng frcKn addibonal obligations around pension conlribulions. IrKlications are that the estimated value of these potenlval payTrerts are in the reg￿n of £100k. C051s incJJffed lo dale against Itms fund amount to £13k. 18aving a baknce of £87k al 31 March 2024. General fvnds It is the polry of Prospect Hospice to aim to keep up lo 6 month5 of fLrture operating costs as free reserves artd as an absolute minimum lo keep a level of reseryes sufficient lo meet its liabilib.es in the event of a winding up of the organisation. As at the end of Marth 2024 this has been eslimaled lo be in region of £1.5m. If the ￿ve1 of Iree reservgs fall below the poli￿ 18vel the trustees will review all reserves and their purpose and may choose to transfer previously designated reseryes into free reserves lo enable them to utilise where most needed for the provision of the hospice's charitsble aim5. The year end figure. excluding the baknce held in fixed assets and investment land. reprv3ents approximately 5.2 months of future operating costs. 42

PT05PeCt Hospice Limot•d Notes lo the ffinanclal statwnents For the ar ond•d 31 Ma￿h 2024 25. Movwnents In funds {¢ontinued) Prlor year comparative Transfers betsyeen funds £000 A131 March 2023 £000 At 1 April 2022 £(M)O Gains I {lossesl £000 Inwne Expenditure £000 £oc Restricted funds Building funds Costs of equipment Running cosls. 1.200 154} 2.775 37 Total reslrfcted fund$ 1,286 1.188 Unrostrict•d lunds Designated funds General fvnds 100 5.863 4.728 76 100 Tolal unrestrl¢tsd funds 4.728 76 6.489 Tolal funds 7.149 7.558 76 7.677 26. Pon$lon commltments The charity has actsve members in an NHS dèfined benefft thme and a Royal London {formerfy Scotttsh Life Groupl Personal Pen$￿Tr Plan IRL). Since 1996. Prospect have also b8en subject lo The Prospect Foundation Ltd Isuperannuationl Direcb"on 1996 1.the Direction Orderfl from the NHS which pemils quality'ng empk)yees to join the NHS pension scheme Al other empbyees are ènlilled lo join the RL plan. The pension charge ￿preSellts eontribub.ons payalAe by the charity to these fvnds. RL S¢hemo ..The"assets of the RL scheme are held separately from those of the charity in a separately adminislereil fund. The pension cost charge represents contn"lYJt￿ft5 payable by the charity lo Ihe fund and am¢)unted to £195k12023. £154kl. NHS Schen The NHS ￿hoMe is a Mutt￿M￿OYeT'defift0d bar*frt pension scheme. As the charity is Unab￿ lo identify ils share of the assets and liabilities of Ihe scheme on a consislenl and reliable basis, the heme is treated by the charity as rf it were a defined benefft contribution scheme, in accordance with FRS 102. The pension cost charge represents conlributions payable by the charity to the fund and amounted to £191k {2023'. £155k).

Prospect Htysplca Llmlted Notss lo the Ilnanclal slalements For the ar ended 31 March 2024 27. Op•ratlng lease ¢ommltments The group and charity had operating leases at Ihe >ear end 7Mth totsl fLrture minimum lease payments as follows.. Th• group 2024 The Gharity 2024 £000 2023 2023 £000 Amount faffing due.. Within 1 year Within 1- S years Over 5 yews 262 293 224 223 262 293 224 223 453 559 453 28. Confjngent aS￿ts There are some legacies which have been nOlJ'f￿d lo the charty al 31 March 2024 whth the amount re￿1Vab￿ cannot bè ascertained. These financial slatements include pa￿nentS received on account but not any eatmales for futu￿ amounts receNable. Indications are that the estimated value of these potential legactes is in the regi(￿ 01 £275k {2023.. £495kl. 29. Related p¥ty iransaction$ No membws of the board of trustees received any ￿Muneration for thgir services or received any reimbursernent ol expenses {2023: nil). Beyond the transactions wlh its subsKJiary, the￿ was one further related party transaction during the year. Trustee Joseph Lewis is a partner at law firm Gardner Leader LLP. Gardner Leader LLP provided legal services relatgd to the commerciah'gng of catering £825 + VAT. There were no such transath.ons in the prior ￿al.