2024-03-31-accounts

CONTENTS	Page
ReferenceandAdministrativeDetails
Trustees’Report(incorporatingtheStrategicReport)
IndependentAuditor’sReport	32- 34
ConsolidatedStatementofFinancialActivities	35
BalanceSheets	36
ConsolidatedStatementofCashFlows	37
NotestotheFinancialStatements	38 -57

CharityName	StWilfrid’sHospice(SouthCoast)Limited
CharityNumber	281963
CompanyNumber	01562110
RegisteredOffice	WaltonLane
	Bosham,Chichester
	WestSussexPO188QB
VicePresidents	DrC J BatemanFRCPath
	MrM G Bevis
	DrA Copsey
	Professor AG Dewhurst
	MrsP J Foster
	MrsS Hyland
	MrsK GlendinningMBE
	MrG C Papworth
	MrC Shippam
	MrsE A Spence
	MrM D Troy
	DrS WilliamsFRCGPMMedEd
	MrsA P Wormald
Patrons	MrsJ Jackson
	MrD Mac
	MrsD PattersonDL
	DameK P RoutledgeDBE
	MrC & MrsA Timothy
Trustees	Dr AMBateman
	MrsL Bruce
	MrJ Clayton(ViceChair)
	MrC J Dicks(HonoraryTreasurer)(resigned27September2023)
	MrA Easter
	MrN Fox
	DrK Greenberg
	MrsS Jerram(Chair)
	MsH Keenlyside
	MrJ Martyn(HonoraryTreasurer) (appointed27September2023)
	MsV Mudford
	Dr AStone
	MsL U Watt
CompanySecretary	HelenEdson

Indicator	ADCarea	|CDCarea
Childrenunder16livinginlowincomehouseholds(2021)	4480	2870
	(17.2%)	(14.3%)
Peopleofworkingageon outofworkbenefits(2023)	2925	2060
PeopleinreceiptofCarers’Allowance(Aug2022)	1748	1054
Householdslivinginfuelpoverty(2020)	6380	4840
OlderpeopleinreceiptofincomeguaranteeelementofthePension	1945	1100
Credit
Householdsoweda dutyundertheHomelessnessReductionAct	829	Nodata
(21/22)
Householdsintemporaryaccommodation(21/22)	151	Nodata

‘ Ethnic	‘ grouping	‘ grouping		ADCarea %	CDCarea %
Asian/ Asian		British		1.6	1.7
Black/	Black	British/ Caribbean	/African	0.5	0.6
Mixed	/Multipleethnicgroups			1.5	1.7
Otherethnic		groups		0.6	0.5
White				95.8	95.4
TheWhitepopulationiscomposedasfollows
	White	British		88.7	90.1
	Other	White		6.3	4.3
	Gypsy /IrishTraveller			0.1	0.2
	Irish			0.6	0.7
	Roma			0.1	0.1

MainlanguagespokenotherthanEnglish	ADEa	eRearea
Polish	2.17	0.76
Romanian	0.55	-
Lithuanian	0.48	-
Portuguese	0.39	-
Bulgarian	0.34	-
Russian	0.32	-

Religionstatedbyresidents	ADGoe	CDGarea
Christian	52.1	53.1
Noreligion	39.9	38.7
Muslim	0.7	0.6
Other	0.5	0.5
Buddhist	0.3	0.5
Hindu	0.2	0.3
Jewish	0.2	0.2
Sikh	0.0	0.0
Noreply	6.0	6.2

Activity	2023/24	2022/23
Patientreferrals	1010	933
Preferredplaceofdeathachieved	76%	67%
Averagenumberoncaseload	343	323
Averesponsetime(indays)non-urgent	11	12
%ofnon-cancerpatients	27%	23%
Hospiceathomereferrals	244	232

	Activity	2023/24	2022/23
Admissionstotheward		265	25f
%admittedwithin48hoursofreferral		72%	65%
Numberofpeoplewho	diedinthehospice	207	181
Occupiedbeddays		3,453	3,173
Averagelengthofstay	(days)	11-12	14

RetailAssistants	E-CommerceResearchers	Administrators
WarehouseAssistants	E-CommerceListers	EventAssistants
Quality-controlassistants	E-commercePhotographers	Drivers
WardAssistants— Refreshments	ParcelPackers	RetailDriver'sMate
StockGarmentPicker	OccasionalWear& WeddingCo- ordinators	Gardeners
WardAssistants— Refreshments	WardAssistants— Clinicalsupport	Hairdressers
WardMeet& Greet	LivingWellCentreRehabSupport	ArtVolunteers
CommunitySupportTeam	CommunitySupportTriage	ComplementaryTherapists
Counsellors	BereavementSupport	Walk& TalkGuides
BereavementSupportSafe Haven	Calligraphers	Hospitality-CoffeeShop

StrategicRisks	Mitigation
Riskoffailuretodeliverall/anystrategic objectivesduetoinsufficientresourcingofkey functions	eOversightofobjectivedeliverythroughuseof thescorecardandupdatestoSMTandrelevant committees
Riskoffailuretodeliveralloranyofthestrategic objectivesasa resultofexternalinfluences	|e Monthlyfinancialperformancereviewand forecastprocess,allowingtimeformitigating
affectingfundraisingabilitynegatively	costsavingactions/developmentofnewincome
	streamstobetaken.
	eQuarterlyreviewbyChairofVIGCommittee.
Riskoffailuretodeliverall/any strategic objectiveasa resultoffailuretosecurelegacy	eMonthlyreportingoflegacyincometoFinance &AuditCommittee
incomenecessarytofundbudget
Riskoffailuretodeliverall/ anystrategic eRegularmonitoringofincome objectivesasa resultofinsufficientfundingfrom| eDedicationofresourcetopursueapplications theNHS forContinuingHealthCare(CHC)funding
	eEngagementwithICBre:grant
	eParticipationindevelopmentofSussex-wide
	AlliancewiththeICB
	eIdentificationanddevelopmentofpotential
	NHS-incomegeneratingservices
Riskoffailuretodeliverall/anystrategic	eMonthlyfinancialperformancereviewand
objectiveasa resultoffailuretosecureretail	forecastprocess,allowingtimeformitigating
incomenecessarytofundbudget	costsaving/incomegenerationactionstobe
	taken.
	eQuarterlyreviewbyChairofVIGCommittee

FixedAssetFundNewHospice	At31March2024,theHospicelandandbuildingshada
£13.62m	netbookvalueof£13.62m.InlinewiththeReserves
(2023:£13.93m)	Policy,theTrusteeshavedesignatedthesefunds.
FixedAssetFundOtherAssets	At31March2024theotherfixedassetshada netbook
£0.17m	valueof£173k.InlinewiththeReservesPolicy,the
(2023:£0.22m)	Trusteeshavedesignatedthesefunds.

CapitalMaintenanceFund£100k	InJuly2019StWilfrid’smovedintoa newpurpose-built
(2023:£200k)	Hospicebuilding.TheTrusteesareawarethattheyneed
	maintaina designatedfundtocoverlargercapital
	maintenancecosts.
MoonlightWalkMatchPot£50,000	TheTrusteesagreedtosetupa newdesignatedfund
	calledMoonlightWalkMatchPot.Thisfundholdsfunds
	receivedin2023/24butwhichwillbereleasedinto
	reservesin24/25tomatchthefundsraisedduringthe
	MoonlightWalk.
Projectfunds£325,000	TheTrusteesagreedtoholddesignatedfundstotaling
	£325kforthefollowingprojects,dueforimplementation
	overthecourseofthenextstrategyperiod(2024/25—
	2026/27):
	E,D & IProject£5,000
	toenableimplementationofspecificEquality,Diversity,
	andInclusionobjectives.
	FrailtyProject£50,000
	toenableassessmentofoptionstosupportfrailpeople
	moreeffectively.
	ExtendingourReachProject£70,000
	toassistinprovidingcaretopatientswithlongterm
	conditions,extendingStWilfrid’s’sreachbeyondcancer
	patientsandsignificantlysupportingGPsurgeries,
	especiallyinlocationswherethereishighsocial
	deprivation.
	IncomeGeneratingProjects£80,000
	toenableseedfundingforincomegeneratingprojects.
	DataInformationProject£50,000
	toenableimprovementandbetteralignmentofdigital
	systemsacrosstheSussexHospicestoprovide
	efficienciesindelivery,improvementsinthequalityof
	care,andimprovereportingonoutcomemeasures.
	SussexHospicesAllianceProject£50,000
	tocontributetotheoverallallianceproject.
	TelephonyProject£20,000
	toenablethetelephonysystemtomovetoa software
	option.

ST WILFRID'S HOSPICE (SOUTH COAST) LIMITED INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2024

financial statements but compliance with which might be fundamental to the charitable company's and the group's ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company and the group for fraud. The laws and regulations we considered in this context were the CQC Regulations and General Data Protection Regulations.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be with the completeness and accuracy of income (specifically Non-NHS grant income and legacy income) and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management, and the Finance Committee about their own identification and assessment of the risks of irregularities, designing audit procedures over income streams noted above, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non­ compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non­ compliance with all laws and regulations.

Use of our report

This report is made solely to the charitable company's 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 might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body for our audit work, for this report, or for the opinions we have formed.

Guy Biggin

Senior Statutory Auditor For and on behalf of

Crowe U.K. LLP

Statutory Auditor Fourth Floor St James House St James Square Cheltenham GL50 3PR

Date: 19 September 2024

34

		Unrestricted	Restricted		Total		Total
		funds	funds		2024		2023
	Note	£	£		£		£
INCOMEFROM:
DonationsandLegacies
Donations	2	1,381,064	116,947		1,498,011		1,525,684
Legacies	3	1,919,280		-	1,919,280		2,640,913
		3,300,344	116,947		3,417,291		4,166,597
CharitableActivities	4	1,708,270		-	1,708,270		1,745,787
OtherTradingActivities	5	3,047,967	1,847		3,049,814		2,877,573
Investments	6	216,258		-	216,258		82,116
TotalIncome		8,272,839	118,794		8,391,633		8,872,073
EXPENDITUREON:
RaisingFunds	7,8&9	3,161,768	3,280		3,165,048		2,973,506
CharitableActivities
InpatientUnit	7,88&9	3,537,649	11,199		3,548848		3,305,084
CommunityServices	7,8&9	2,088,729	83,034		2,171,763		1,778,000
LivingWellServices	7,8&9	222,916	16,420		239,336		278,003
EducationandTraining	7,8&9	209,228		-	209,288		233,101
TotalCostsofCharitableActivities		6,058,522	110,653		6,169,175		5,594,188
TotalExpenditure		9,220,290	113,933		9,334,223		8,567,694
Netincomefromoperationalactivitiesforthe
year		(947,451)	4,861		(942,590)		304,379
Net (losses)oninvestments	15	(519)		-	(519)		(1,231)
NET(EXPENDITURE)/ INCOME		(947,970)	4,861		(943,109)		303,148
Transfersbetweenfunds	21	10,180	(10,180)			-		-
NETMOVEMENTINFUNDS		(937,790)	(5,319)		(943,109)		303,148
RECONCILIATIONOFFUNDS
Totalfundsbroughtforward	21	23,595,101	34,361		23,629,462		23,326,314
TOTAL FUNDSCARRIEDFORWARD	21	22,657,311	29,042		22,686,353		23,629,462

		Group		Charity
		2024	2023	2024	2023
	Notes	£	£	£	£
FixedAssets Tangiblefixedassets Investments	14 15	13,788,426 2,345	14,153,578 2,863	13,788,426 2,347	14,153,578 2,866
		13,790,771	14,156,441	13,790,773	14,156,444
CurrentAssets
Stock	17	1,021	1,350	-		-
Debtors	18	3,142,384	2,474,264	3,142,384	2,480,976
Cashatbankandinhand		6,595,407	7,805,265	6,539,290	7,755,908
		9,738,812	10,280,879	9,681,674	10,236,884
Liabilities
Creditors:Amountsfalling
duewithinoneyear	19	(843,230)	(807,858)	(841,536)	(805,273)
NetCurrentAssets		8,895,582	9,473,021	8,840,138	9,431,611
TotalNetAssets		22,686,353	23,629,462	22,630,911	23,588,055
ThefundsoftheCharity:	21
Restrictedincomefunds		29,042	34,361	29,042	34,361
Designatedfunds
CapitalMaintenanceFund		100,000	200,000	100,000	200,000
MoonlightWalkMatchPot		50,000	50,000	50,000	50,000
ProjectFunds		325,000	325,000	325,000	325,000
FixedAssetFund— NewHospice		13,615,311	13,929,490	13,615,311	13,929,490
FixedAssetFund— OtherAssets		173,115	224,088	173,115	224,088
		14,263,426	14,728,578	14,263,426	14,728,578
Operationalreserve		870,000	818,000	870,000	818,000
ShareCapital
Generalfund		7,523,885	8,048,523	7,468,443	8,007,116
Totalunrestrictedfunds		22,657,311	23,595,101	22,601,869	23,553,694
TOTALFUNDS		22,686,353	23,629,462	22,630,911	23,588,055

			Group
	Note	2024		2023
		£		£
Cashflowsfromoperatingactivities:
Netcash(usedin)/ providedbyoperatingactivities	23	(1,346,784)		783,860
Cashflowsfrominvestingactivities:
Dividends,interestandrentfrominvestments		216,258		82,116
Purchaseofproperty,plantandequipment		(79,332)		(91,059)
Netcashprovidedby/ (usedin)investingactivities		136,926		(8,943)
Changeincashandcashequivalentsintheyear		(1,209,858)		774,917
Cashandcashequivalentsatthebeginningoftheyear	24	7,805,265		7,030,348
Changeincashandcashequivalents		(1,209,858)		774,917
Cashandcashequivalentsattheendoftheyear	24	6,595,407		7,805,265

Freeholdbuildings	-0.66%- 2.5%straightline
Shortleasehold	-inaccordancewiththelease
Medicalequipment	-20%straightline
Fixturesandfittings	-20%straightline
Motorvehicles	-25%straightline
Officeandcomputerequipment	-20%- 33%straightline

DONATIONS	Unrestricted		Restricted	Total		Unrestricted	Restricted	Total
	funds		funds	2024		funds	funds	2023
	£		£	£		£	£	£
Trusts	127,803		105,746	233,549		138,391	103,984	242,375
Donationsand
committedgiving	719,276		11,201	730,477		770,292	19,565	789,857
Fundraising	416,879		=	416,879		311,735	3	311,735
GiftsofPersonal
ProtectiveEquipment		-	-		-	49,353	-	49,353
GiftAidrecovered	117,106		2	117,106		132,364	-	132,364
	1,381,064		116,947	1,498,011		1,402,135	123,549	1,525,684
			Group				Group
LEGACIES	Unrestricted		Restricted	Total		Unrestricted	Restricted	Total
	funds		funds	2024		funds	funds	2023
	£		£	£		£	£	£
Legacies	1,919,280		-	1,919,280		2,640,913	-	2,640,913
	1,919,280		-	1,919,280		2,640,913	-	2,640,913
			Group				Group
CHARITABLE
ACTIVITIES	Unrestricted		Restricted	Total		Unrestricted	Restricted	Total
	funds		funds	2024		funds	funds	2023
	£		£	£		£	£	£
NHSfundingincluding:
drugsupply	1,566,298		-	1,566,298		1,587,049	-	1,587,049
Education	71,073		-	71,073		69,735	-	69,735
Medicalinsurance	11,742		-	11,742		31,349	-	31,349
Otherincome	59,157		-	59,157		57,654	-	57,654
	1,708,270		-	1,708,270		1,745,787	-	1,745,787
			Group				Group
OTHERTRADING
ACTIVITIES	Unrestricted		Restricted	Total		Unrestricted	Restricted	Total
	funds		funds	2024		funds	funds	2023
	£		£	£		£	£	£
Retailincome	2,631,009		-	2,631,009		2,457,419	-	2,457,419
Supportgroups	7,816		1,847	9,663		8,975	1,136	10,111
Raffles	8,750		.	8,750		14,568	“	14,568
Lotteryincome	400,392		-	400,392		395,475	-	395,475
	3,047,967		1,847	3,049,814		2,876,437	1,136	2,877,573

6.	INVESTMENTS	Unrestricted	Restricted		Total	Unrestricted	Restricted		Total
		funds	funds		2024	funds	funds		2023
		£	£		£	£	£		£
	Bankinterest	216,258		-	216,258	82,116		-	82,116
		216,258		-	216,258	82,116		-	82,116
	EXPENDITURE	Unrestricted	Restricted		Total	Unrestricted	Restricted		Total
		funds	funds		2024	funds	funds		2023
		£	£		£	£	£		£
	RaisingFunds
	Fundraising	1,026,092	3,280		1,029,372	852,214	9,698		861,912
	Retail	2,135,676		-	2,135,676	2,111,594		-	2,111,594
		3,161,768	3,280		3,165,048	2,963,808	9,698		2,973,506
	CharitableActivities
	InpatientUnit	3,537,650	11,199		3,548,849	3,284,187	20,897		3,305,084
	CommunityServices	2,088,729	83,034		2,171,763	1,720,829	57,171		1,778,000
	LivingWellServices	222,916	16,420		239,336	277,829	174		278,003
	EducationandTraining	209,228		-	209,228	233,101		-	233,101
		6,058,523	110,653		6,169,176	5,515,946	78,242		5,594,188
	ANALYSISOF	Direct	Support		Total	Direct	Support		Total
	EXPENDITURE	costs	costs		2024	costs	costs		2023
		£	£		£	£	£		£
	RaisingFunds
	Fundraising	894,616	134,756		1,029,372	752,810	109,102		861,912
	Retail	1,813,766	321,910		2,135,676	1,837,450	274,144		2,111,594
		2,708,382	456,666		3,165,048	2,590,260	383,246		2,973,506
	CharitableActivities
	InpatientUnit	3,244,850	303,998		3,548,848	3,037,204	267,880		3,305,084
	CommunityServices	1,965,413	206,350		2,171,763	1,612,731	165,269		1,778,000
	LivingWellServices	196,423	42,913		239,336	240,870	37,133		278,003
	EducationandTraining	175,565	33,663		209,228	202,363	30,738		233,101
		5,582,251	586,924		6,169,175	5,093,168	501,020		5,594,188
		8,290,633	1,043,590		9,334,223	7,683,428	884,266		8,567,694

2024	Raising		Inpatient	Community	Palliative	Education	Total
	Funds	Retail	Unit	Services	Day	&Training	2024
					Services
	£	£	£	£	£	£	£
Governance Finance HR IT Management	8,268 78,592 17,958 14,357 15,581	17,287 57,983 151,850 62,213 32,577	29,026 61,814 114,811 43,645 54,702	16,821 29,880 59,132 68,818 31,699	2,255 9,368 12,684 14,357 4,249	1,503 13,770 5,986 9,571 2,833	75,160 251,407 362,421 212,961 141,641
	134,756	321,910	303,998	206,350	42,913	33,663	1,043,590
	Raising		Inpatient	Community	Palliative	Education	Total
2023	Funds	Retail	Unit	Services	Day	&Training	2023
					Services
	£	£	£	£	£	£	£
Governance Finance HR IT Management	8,115 67,776 9,360 10,797 13,054	19,477 50,256 119,098 53,983 31,330	31,309 56,054 99,275 30,879 50,363	17,383 26,365 41,662 51,896 27,963	2,435 7,964 10,222 12,596 3,916	2,435 11,969 7,020 5,398 3,916	81,154 220,384 286,637 165,549 130,542
	109,102	274,144	267,880	165,269	37,133	30,738	884,266

NETINCOME/ (EXPENDITURE) Netincomeisstatedaftercharging:
	Group		Charity
	2024	2023	2024	2023
	£
Auditor’sremuneration
Auditservices	17,365	18,500	15,000
Taxadvisoryservices	1,700	1,950
Operatingleaserentals
Landandbuildings	337,816	335,714	337,816
Officeequipment	11,404	11,420	11,404
Motorvehicles	20,145	18,971	20,145
Depreciation	444,484	434,370	444,484

STAFFCOSTS(CHARITYANDGROUP)	2024	2023
	Number	Number
Theaveragemonthlynumberofpermanentemployeesduringtheyearwas:
Doctors Nursingstaff Otherhospicestaff Charityshops	7 81 68 57	7 80 57 54
	213	198
	2024	2023
Employmentcostsinrespectofthestaffabovewere:	£	£
Wagesandsalaries Nationalinsurance	5,487,876 464,993	4,845,902 415,815
Pensions	506,690	422,079
	6,459,559	5,683,796

			2024			2023
			Number			Number
£60,001 £70,001 £80,001	to to to	£70,000 £80,000 £90,000		32WP			bo, ,
£100,001	to	£110,000		32			os
£110,001	to	£120,001		3			3
£120,001	to	£130,002		=			=a

		Freehold		Short		Medical		Fixtures&	Motor		Office&		Total
		Landand		Lease-		Equipment		Fittings	Vehicles		Computer
		Property		Hold							Equipment
				Property
		£		£		£		£	£		£		£
	Cost
	At 1April2023	15,168,156		66,017		183,255		687,625	45,770		332,476		16,483,299
	Additions		-		-	38,452		1,871		-	39,009		79,332
	Disposal		-		-		-	=		-	(22,417)		(22,417)
	At31March2024	15,168,156		66,017		221,707		689,496	45,770		349,068		16,540,214
	Depreciation
	At 1April2023	1,183,466		56,508		163,416		637,368	45,770		243,193		2,329,721
	Chargeforthe
	year	316,379		2,170		20,600		46,639		-	58,696		444,484
	Eliminationon
	disposal		-		-		-	-		-	(22,417)		(22,417)
	At31March2024	1,499,845		58,678		184,016		684,007	45,770		279,472		2,751,788
	Netbookvalue
	At31March2024	13,668,311		7,339		37,691		5,489		-	69,596		13,788,426
	At31March2023	13,984,690		9,509		19,839		50,257		-	89,283		14,153,578
15.	INVESTMENTS
				Group						Charity
				Cash&					Cash	&
		Listed		Settlements				Listed	Settlements		Share	in
		Investments		Pending		Total		Investments	Pending		Group		Total
											Company
		2024		2024		2024		2024	2024		2024		2024
		£		£		£		£	£		£		£
1April2023		2,863				2,863		2,863			z	3	2,866
Additions
Disposalatopen
marketvalue
Net	investmentgains/	(518)		-		(518)		(518)			-	(1)	(519)
(loses)
31	March2024	2,345		-		2,345		2,345			-	2	2,347

		Group					Charity	Charity
		Cash&					Cash	&
	Listed	Settlements		Total		Listed	Settlements		Share	in
	Investments	Pending				Investments	Pending		Group		Total
									Company
	2023	2023		2023		2023	2023		2023		2023
	£	£		£		£	£		£		£
At 1April2022 Additions	4,094	-	- -	4,094	-	4,094	=	- -		3 -	4,097	-
Disposalsatopen marketvalue		-	-		-		-	-		-		-
Netinvestmentgains/ (loses)	(1,231)		-	(1,231)		(1,231)		-		-	(1,231)
At31March2023	2,863		-	2,863		2,863		-		3	2,866
						Group				Charity
						2024		2023		2024	2023
Analysisofinvestments							£	£		£		£
Listedinvestmentsatvaluation						2,345		2,863		2,345	2,863
Total						2,345		2,863		2,345	2,863
Sharesingroupundertakingsatcost
StWilfrid’sHospiceTradingLimited							-	-		2		2
StWilfrid’sHospice(South	Coast)ProjectsLimited						-	-			-	1
							-	-		2		3
Totalinvestments						2,345		2,863		2,347	2,866

NameofCompany	Classof	Holding	Natureof
	Shares		Business
StWilfrid'sHospiceTradingLimited	Ordinary	100%	Retailtradeinnewgoods
StWilfrid'sHospice(SouthCoast)ProjectsLimited	Ordinary	100%	Newhospice	development
ThesubsidiaryundertakingsareincorporatedinEnglandandWales.
			2024	2023
			£	£
Aggregatecapitalandreserves			49,296	41,409

Incomestatementandretainedearnings	2024		2023	2023
	£			£
Turnover	76,853			74,390
CostofSales	(20,414)		(19,472)
GrossProfit	56,439			54,918
Operatingexpenses	(7,143)			(6,801)
Nettradingprofit	49,296			48,117
Retainedearningsatthebeginningoftheyear	48,119			2
Profitfortheyear	49,296			48,117
Donationtoparentundergiftaid	(41,969)			-
Retainedearningsattheendoftheyear	55,446			48,119
Balancesheet	2024	2023
	£		£
Assets	61,115			51,801
Liabilities	(5,667)			(3,680)
Netassets	55,448			48,121
Representedby:
Capital	2			2
Reserves	55,446			48,119
	55,448		48,121
ProjectSubsidiary
Thehospiceowneda subsidiary,StWilfrid’sHospice(South Coast)ProjectsLimited(companynumber
09253834).RegisteredinEngland& Wales.Registeredoffice:WaltonLane,Bosham,WestSussex.
Thecompanyhadceasedtradingandwasdissolvedon04June2024.Theonlytransactionwithin		the
companyintheyearwasthewriteoffoftheintercompanyloanof£6,712whichresultedina profit			for	the
yearof£6,712.
At31%March2024,netassetsforthecompanywerefnil(2023:deficit£6,713).
STOCK	Charity
2023	2024			2023
£	£			£
Boughtingoodsforresale

18.	DEBTORS	Group					Charity
		2024	2023		2024			2023
		£	£		£			£
	Tradedebtors	67,315	91,315		67,315			91,315
	Legacydebtors	1,946,940	1,923,029		1,946,940			1,923,029
	Assetforresale	600,000		-	600,000
	Otherdebtors	187,530	161,609		187,530			161,609
	Prepaymentsandaccruedincome	340,599	298,311		340,599			298,311
	Owedbygroupundertaking	-		P		3		6,712
		3,142,384	2,474,264		3,142,384			2,480,976
	TheAssetforresaleisa propertyreceivedasa legacyandwill		be sold.
19.	CREDITORS	Group					Charity
		2024	2023		2024			2023
		£	£		£			£
	Tradecreditors	133,028	159,281		133,028			159,281
	Taxationandsocialsecurity	120,642	105,488		120,642			105,488
	Othercreditors	18,160	26,515		18,160			26,515
	Pensioncreditor	72,405	59,417		72,405			59,417
	Accrualsanddeferredincome	498,995	457,157		493,325			453,477
	Owedtogroupundertaking	-	-		3,976			1,095
		843,230	807,858		841,536			805,273

21a.	RESERVES	At1April					Transfers	At31
		2023		Income		Expenditure	andLosses	March2024
	Unrestrictedfunds	£		£		£	£	£
	General
	GeneralFunds	8,048,523		8,272,839		(8,704,789)	(40,688)	7,575,885
	OperationalReserve	818,000			2	E	-	818,000
		8,866,523		8,272,839		(8,704,789)	(40,688)	8,393,885
	Designated
	CapitalMaintenanceReserve	200,000			-	-	(100,000)	100,00
	MoonlightWalkMatch Funding	50,000			-	-	-	50,000
	ProjectFunds	325,000			-	(71,017)	71,017	325,000
	FixedAssetFund- NewHospice	13,929,490			-	(314,179)	-	13,615,311
	FixedAssetFunds— otherAssets	224,088			-	(130,305)	79,332	173,115
		14,728,578			-	(515,501)	50,349	14,263,426
	TotalUnrestrictedFunds	23,595,101		8,272,839		(9,220,290)	9,661	22,657,311
	RestrictedFunds
	NewHospiceProject	1,835			7	-	:	1,835
	Staffamenityfund	430			-	-	:	430
	HospicePayfora Day		-	8,125		(8,125)	=	:
	HospiceatHomeCosts		-	1,847		(1,847)	-	-
	Community TeamCosts		-	77,830		(77,830)	-	-
	ClinicalStafftraining	3,655		10,000		(3,655)	-	10,000
	LivingWellCentreCosts	9,433				(4,608)	-	4,825
	Rene& GhislaineofParisHealing
	Foundation	13,093			-	(12,980)	-	113
	ITforClinicalStaff	672			-	(650)	-	22
	IPadsforCNSStaff	915			-	(879)	-	36
	GiftsinWillStrategy	2,802			-	-	-	2,802
	SolarPanelProject		:	5,000		-	-	5,000
	Equipment		7	13,244		(600)	(10,180)	2,464
	VariousSmallfunds	1,526		2,748		(2,759)	:	1,515
		34,361		118,794		(113,933)	(10,180)	29,042
		23,629,462		8,391,633		(9,334,223)	(519)	22,686,353

21b.	RESERVESPRIORYEAR	At1April					Transfers	At	31
		2022	Income		Expenditure		andGains	March	2023
	Unrestrictedfunds	£	£		£		£	£
	General
	GeneralFunds	7,821,616	8,747,388		(8,110,080)		(410,401)	8,048,523
	OperationalReserve	740,000		:			78,000	818,000
		8,561,616	8,747,388		(8,110,080)		(332,401)	8,866,523
	Designated
	CapitalMaintenanceReserve	200,000		-		=	=	200,000
	35'"AnniversaryMatchFunding	43,830		-		.	(43,830)		-
	MoonlightWalkMatchFunding	-		-		-	50,000		50,000
	ProjectFunds	-		-		-	325,000	325,000
	FixedAssetFund- NewHospice	14,219,374		-	(303,290)		13,406	13,929,490
	FixedAssetFunds— otherAssets	277,515		-	(66,384)		12,957	224,088
		14,740,719		-	(369,674)		357,533	14,728,578
	TotalUnrestrictedFunds	23,302,335	8,747,388		(8,479,754)		25,132	23,595,101
	RestrictedFunds
	NewHospiceProject	1,835		-		-	-		1,835
	Staffamenityfund	410	20			-	-		430
	HospicePayfora Day	“	15,900		(15,900)		-		-
	HospiceatHomeCosts	“	5,621		(5,621)		-		-
	CNSTeamCosts	=	6,300		(6,300)		-		-
	Community TeamCosts	-	39,000		(39,000)		-		-
	ClinicalStafftraining		5,000		(1,345)		:		3,655
	LivingWellCentreCosts	3,500	10,000		(4,067)		7		9,433
	StJames’PlaceGrant— BreathEasy
	Project	(34,382)	34,329		53		-		=
	Rene& GhislaineofParisHealing
	Foundation	13,093		-		”	-		13,093
	AmbulanceCanopy	8,000	5,406			-	(13,406)		-
	ITforClinicalStaff	17,731		-	(4,102)		(12,957)		672
	IPadsforClinicalStaff	-	915			-	-		915
	GiftsinWillStrategy	12,500		-	(9,698)		-		2,802
	VariousSmallfunds	1,292	2,194		(1,960)		-		1,526
		23,979	124,685		(87,940)		(26,363)		34,361
		23,326,314	8,872,073		(8,567,694)		(1,231)	23,629,462

				Group
22a	AnalysisofnetAssetsbyfund
	2024		Fixed	asset	Othernet
		Fixedassets	Investments		Assets		Total
		£	£		£		£
	Generalfund			2,345	8,391,540		8,393,885
	Designatedfunds
	CapitalMaintenanceFund			-	100,000		100,000
	MoonlightWalkMatchPot			-	50,000		50,000
	ProjectFunds			-	325,000		325,000
	FixedAssetFund— NewHospice	13,615,311		-		-	13,615,311
	FixedAsset— OtherAssets	173,115		-		-	173,115
	TotalDesignatedFunds	13,788,426		-	475,000		14,263,426
	Restrictedfunds			-	29,042		29,042
		13,788,426		2,345	8,895,582		22,686,353
				Charity
22a	AnalysisofnetAssetsbyfund
	2024(continued)		Fixed	asset	Othernet
		Fixedassets	Investments		Assets		Total
		£	£		£		£
	Generalfund			2,347	8,336,096		8,338,443
	Designatedfunds
	CapitalMaintenanceFund			-	100,000		100,000
	MoonlightWalkMatchPot			-	50,000		50,000
	ProjectFunds			-	325,000		325,000
	FixedAssetFund— NewHospice	13,615,311		-		-	13,615,311
	FixedAsset— OtherAssets	173,115		-		-	173,115
	TotalDesignatedFunds	13,788,426		-	475,000		14,263,426
	Restrictedfunds			-	29,042		29,042
		13,788,426		2,347	8,840,138		22,630,911

22b	AnalysisofnetAssetsbyfund
	2023			Fixed	asset		Othernet
		Fixedassets		Investments			Assets		Total
		£		£			£		£
	Generalfund		-		2,863		8,863,660		8,866,523
	Designatedfunds
	CapitalMaintenanceFund						200,000		200,000
	35"AnniversaryMatchPoint						50,000		50,000
	ProjectFunds						325,000		325,000
	FixedAssetFund— NewHospice	13,929,490				-		-	13,929,490
	FixedAsset— OtherAssets	224 088				-		-	224,088
	TotalDesignatedFunds	14,153,578				-	575,000		14,728,578
	Restrictedfunds						34,361		34,361
		14,153,578			2,863		9,473,021		23,629,462
							Charity
22b	AnalysisofnetAssetsbyfund
	2023(continued)			Fixed	asset		Othernet
		Fixedassets		Investments			Assets		Total
		£		£			£		£
	Generalfund		-		2,866		8,822,250		8,825,116
	Designatedfunds
	CapitalMaintenanceFund						200,000		200,000
	MoonlightWalkMatchPot						50,000		50,000
	35"AnniversaryMatchPoint						325,000		325,000
	FixedAssetFund— NewHospice	13,929,490				-		-	13,929,490
	FixedAsset— OtherAssets	224 088				-		-	224,088
	TotalDesignatedFunds	14,153,578				-	575,000		14,728,578
	Restrictedfunds						34,361		34,361
		14,153,578			2,866		9,431,611		23,588,055

	ACTIVITIES
		Group
		2024	2023
		£	£
	Net(expenditure)/ incomefortheyear	(943,109)	303,148
	Adjustmentsfor:
	Depreciationofcharges	444,484	434,370
	Lossoninvestments	518	1,231
	Dividends,interestfrominvestments	(216,258)	(82,116)
	Decrease/ (increase)instock	329	(966)
	(Increase)/Decreaseindebtors	(68,120)	15,551
	(Increase)inassetsforresale	(600,000)	-
	Increaseincreditors	35,372	112,642
		(1,346,784)	783,860
24.	ANALYSISOFCASHANDCASHEQUIVALENTS	Group
		2024	2023
		£	£
	Cashinhand	6,595,407	7,805,265
		6,595,407	7,805,265

						2024— Group	2024— Group
			<1	year	Between2		>5	years		Total
					and	5years
				£		£		£		£
Land	&	Buildings		305,709		657,025		16,000		978,734
Other				11,539		17,013			-	28,552
				317,248		674,038		16,000		1,007,286
						2024—	Charity
			<1	year	Between2		>5	years		Total
					and	5years
				£		£		£		£
Land	&	Buildings		305,709		657,025		16,000		978,734
Other				11,539		17,013			-	28,552
				317,248		674,038		16,000		1,007,286
					2023— GroupandCharity
			<1	year	2and5 years		>5	years		Total
				£		£		£		£
Land	&	Buildings		330,175		826,192		107,640		1,264,007
Other				20,811		791			-	21,602
				350,986		826,983		107,640		1,285,609

28. COMPARATIVESTATEMENTOFFINANCIAL	ACTIVITIES
	Unrestricted	Restricted	Total
	funds	funds	2023
	£	£	£
INCOMEFROM:
DonationsandLegacies
Donations	1,402,135	123,549	1,525,684
NHSEnglandGrant
Legacies	2,640,913	-	2,640,913
	4,043,048	123,549	4,166,597
CharitableActivities	1,745,787	-	1,745,787
OtherTradingActivities	2,876,437	1,136	2,877,573
Investments	82,116	-	82,116
OtherIncome
TotalIncome	8,747,388	124,685	8,872,073
EXPENDITUREON:
RaisingFunds	2,963,808	9,698	2,973,506
CharitableActivities
InpatientUnit	3,284,187	20,897	3,305,084
CommunityServices	1,720,829	57,171	1,778,000
PalliativeDayServices	277829	174	278,003
EducationandTraining	233,101	-	233,101
TotalcostsofCharitableActivities	5,515,946	78,242	5,594,188
TotalExpenditure	8,479,754	87,940	8,567,694
Netincomefromoperationalactivitiesfortheyear
	267634	36,745	304,379
Netgains/ (losses)oninvestments	(1,231)	-	(1,231)
NETINCOME/ (EXPENDITURE)	266,403	36,745	303,148
Transfersbetweenfunds	26363	(26,363)	-
NETMOVEMENTINFUNDS	292,766	10,382	303,148
RECONCILIATIONOFFUNDS
Totalfundsbroughtforward	23,302,335	23,979	23,326,314
TOTALFUNDSCARRIEDFORWARD	23,595,101	34,361	23,629,462