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2025-03-31-accounts

REGISTERED COMPANY NUMBER: 1627610 (England and Wales) REGISTERED CHARITY NUMBER: 284701

Report of the Trustees and Financial Statements For The Year Ended 31 March 2025 for Saint Catherine's Hospice Trust

Ingham & Co. Chartered Accountants Statutory Auditor George Stanley House 2 West Parade Road

Scarborough North Yorkshire YO12 5ED

Saint Catherine's Hospice Trust

Contents of the Financial Statements For The Year Ended 31 March 2025

Page
Report of the Trustees 1 to 11
Report of the Independent Auditors 12 to 14
Consolidated Statement of Financial Activities 15
Balance Sheets 16
Consolidated Cash Flow Statement 17
Notes to the Financial Statements 18 to 32

Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the consolidated financial statements of the charity and its subsidiaries for the year ended 31 March 2025, which are also prepared to meet the requirements for a group director's report and accounts for Companies Act purposes. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Purpose and activities

The primary object of the Trust is to promote the relief of symptoms and enhance the wellbeing of patients and their carers with specialst palliative care and end of life needs. The Trust meets this objective through its promotion and provision, where appropriate, of holistic care for patients with a life limiting illness who are in need of specialist palliative and end of life care.

The Hospice provides consultant led specialist palliative and end of life care services to those patients with a life limiting illness, regardless of diagnosis, referred in to our care.

The Hospice serves a 1600 square mile area, with both in-patient provision in Scarborough and a range of outpatient and community services.

Scarborough based:

Purpose-built Hospice opened in 1985, moving to its current site in 2004 providing specialist palliative care beds in single en-suite in-patient rooms.

Page 1

Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

OBJECTIVES AND ACTIVITIES Purpose and activities

Community based:

The main objectives for the charity for the year have been to focus on expanding community outreach programmes, improving current environment and patient resources, improving patient care plans, and enhancing staff training. The charity has also been working hard to increase community awareness of hospice purpose and challenge pre-conceived perceptions. The charity continues with a programme of on-site improvements to enable the organisation to be recognised as a community resource, as well as a provider of end of life care. The charity also continues to develop new technological innovations to support patient end of life care.

Public Benefit

The Board of Trustees are satisfied that they have complied with the duty in section 17(5) of the Charities Act 2011 to have regard to the Charity Commission guidance on public benefit in the provision of its activities. A review of the significant activities undertaken by the charity during the year to further its charitable purposes for the public benefit is detailed below.

Volunteers

The Hospice relies heavily on the support of volunteers and currently has around 350 volunteers across all our services, in our shops, helping out with fundraising and in our business support services. The Board are incredibly grateful to all those who volunteer time for their commitment to the Hospice and would like to express their gratitude and thanks to all our volunteers. Volunteers remain a vital resource for Saint Catherine's helping to support our fundraising and shops throughout 2024-2025.

STRATEGIC REPORT

Achievements and performance

Charitable activities

Saint Catherines' strategic intent 2025-2027 provides a clear focus for the continued development of the organisation. The five main intentions of the new intent document are: maintaining high-quality specialist care while expanding community services, improving collaboration, modernising operations, diversifying income, and ensuring long-term sustainability. Each of these intents have key actions attached to each which will be reviewed over the next 2 years. The hospice's set of values and behaviours are how we deliver our strategic intent, and these are based on being EPIC which stands for, Excellence, People centred, Integrity and Collaboration.

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Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

STRATEGIC REPORT

Achievements and performance

Charitable activities - continued

The Hospice continues to review the delivery and development of all its services in light of the changes in the local health and social economies, seeking to respond to local plans and objectives, in conjunction with needs analyses gathered by the Integrated Care Board ("ICB"). During 2024-2025 we have been able to slowly develop new ways of delivering care and support through our Wellbeing Centre for patients and families. Our services received 2,353 referrals to provide specialist care and support. We had 175 admissions to the In-Patient Unit with 5 being admissions from Scarborough Hospital to Nurse Led Beds. Our Palliative Care Counselling Team made 439 contacts to support clients. The domiciliary fast track care teams made 3401 visits to patients in their own homes Our Community Palliative Care Clinical Nurse Specialists received 915 referrals which resulted in 6,387 contacts. Our Therapies Team in total had 1,805 contacts with patients. Social Workers provided 959 contacts over the year.

We continued to work with the ICB to develop and continually improve our services during 2024-2025. Saint Catherine's continue to deliver a Fast Track Domiciliary Care service delivering packages of care to patients across our Scarborough area.

The Hospice continues to play a role in the wider healthcare system by engaging with commissioners and local healthcare forums across North Yorkshire and Humber. The Executive Team continues to engage with key local stakeholders.

The Hospice has continued to deliver high quality care and service to our patients, families and clients. The Hospice receives feedback from patients, carers and professionals and through 2024-2025 we were told:

Patients/carers/families have said:

"All of the staff were amazing at St Catherines, the people who work there are unique, so caring and compassionate to everyone"

"Your care was excellent, doctors, nurses, all staff. The in patient unit is beautiful"

"Thank you doesn't really feel enough to say for how grateful we are for the care you provided for our dad. The time we spent with our dad at the end was special and we looked forward to the visits you all made knowing how well he was being looked after, and how comfortable and restful he looked when you left. It made all the difference, you all do wonderful jobs so thank you for the bottom of our hearts"

"Thank you to the CNS team for all of their help with my husband. They were a great support and he was able to remain at home".

“Thank you for all your hard work with the Cancer Wellbeing Café. You have made a difficult time so much more enjoyable. You’ve created a safe space where we can support one another, and I love that you are promoting research.

I carried out research on children as carers and founded the first Young Carers groups.”

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Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

STRATEGIC REPORT Achievements and performance

Feedback on our charitable activities - continued Professionals have said:

"This place is a life saver, you are a life saver. Not just for the patients at the time they need you, but for the families that time we had together.. there are no words"

Income generation

The Trustees evaluate the effectiveness of all income generation activities with reference to planned income and the overall Income Generation and Marketing strategy through Board meetings. The Finance Director and Chief Executive provide reports to the Board to show financial income and performance. Management Accounts are prepared monthly to show results against budget and prior year.

The Hospice recognises the crucial importance of all its income generation activities. The Hospice has established a relationship and continues to work with Humber and North Yorkshire ICB, to continue contracted activity bringing in commissioned income. The Hospice continues to review the performance of all income generation activities, to ensure the services remain as effective and efficient as possible. The Hospice remains incredibly grateful to all its supporters and donors and recognises the challenges faced by our communities in the continuing economic climate.

Fundraising and compliance

The Hospice is registered with the Fundraising Regulator and continues to review the legal requirements and best practice guidance for all income generation activities, to ensure all practices and ethics meet the required standards and vulnerable persons and other members of the public are protected. The Trustees receive formal updates on any matters of concern in the form of regular CEO updates and papers to Board.

The Hospice delivers its own fundraising activities directly and also has volunteers and supporters who fundraise on our behalf. Our fundraising team provide guidance and support to assist staff, volunteers and supporters in their fundraising activities.

The Hospice does not undertake any cold-call canvassing for the Lottery and no other cold-call approach is undertaken in any income generation activity. The Hospice does not use any professional fundraisers in respect of any income generation activity.

Saint Catherine's Hospice Lottery Limited utilises the services of an external lottery manager to manage and promote our weekly lottery draw. The lottery manager, Sterling Lotteries, is licenced and regulated by the Gambling Commission as a Non-Remote and Remote External Lottery Provider.

The Hospice continuously reviews its information governance and security and continues to achieve the required standards for the Data Security and Protection toolkit ("DSP") in 2024-2025, as required by the NHS and the CQC.

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Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

STRATEGIC REPORT

Achievements and performance

Investment performance

The Charity has an agreed investment policy with its investment managers based on the requirements from the portfolio; to provide a high level of income and a capital buffer in case of a shortfall in funding-income; to accommodate the level of risk the Trustees are prepared to accept; to take account of the timescale over which the investments are expected to be held. Based on the consideration of these factors the investment benchmark agreed for the portfolio with the investment managers is: 36% FTSE All Share; 36% FTSE World Excl. UK; 13% FTA British Government Fixed All Stocks; 9% Bank of England Base Rate (+2%); 5% IPD Monthly; and 1% Bank of England Base Rate (-0.5%). This represents a strategic asset allocation of: a target of 72% (range 45-75%) in Equities with a 50/50 split between UK and Overseas ; target of 13% (range 10-35%) in Fixed Interest; target of 9% (2.5-20%) in Infrastructure; target of 5% (012.5%) in Property; and a target 1% (0-20%) in Cash. This allocation maintains the Hospice's 5-10 year horizon of medium to long-term investment with a Medium risk profile and Balanced investment objective.

The Trustees understand that over the long term this agreed format will allow the capital value of the portfolio to be at least retained in real terms and will generate a good level of income to support the hospice. The Trustees also understand that investments do not move in a linear fashion and there will be individual years, and periods perhaps in excess of a year, when the portfolio value may fall. However they also understand that, based on historical returns, equity investment is necessary if the value of both the capital value of the fund and income is to maintain its purchasing power when compared with inflation.

Saint Catherine’s year to 31st March 2025 saw the Hospice’s investment portfolio remain broadly stable, despite continued volatility in markets. At 1st April 2024, the portfolio was valued at £4.864m, and at 31st March 2025 it was valued at £4.856m. The Trustees remain focused on long-term performance and continue to monitor the portfolio closely.

The portfolio continues to be managed with a focus on long-term growth, both in terms of capital value and the income it generates. For 2025, the portfolio achieved a total return of +3.45%, compared with the benchmark return of +6.46%. The portfolio’s three-year cumulative return of +5.8% falls below the benchmark return of +17%. During 2024–25, the Hospice received £128,713 in income from its investments. The trustees have decided to revisit the current investment strategy and implement changes to improve future performance.

With inflation and interest rates having peaked over the past year, markets are becoming more optimistic about the start of an interest rate cutting cycle and the backdrop of this should be supportive for investment markets. Economic growth remains challenging and whilst equity markets have produced strong growth over the past 12 months, much of this has been led by a small number of large companies exposed to the Artificial Intelligence theme. If corporate earnings growth starts to slow then equity markets could come under pressure, particularly some of the more highly valued parts of the stock market but investors remain cautiously optimistic in the short term.

Appreciation

The Board again expresses its appreciation of all who work so generously for Saint Catherine's, senior management, staff and volunteers. Their united efforts make possible the delivery of care to our patients at the highest level of quality and the continuing outreach of knowledge and expertise in specialist palliative care to the wider constituency.

Financial position

The overall operating surplus for the restricted and unrestricted fund, as detailed in the financial statements described as "Net income" was £2,153,541 (2024 - deficit £326,302) and was mainly as result of the very generous legacies received in the year. A breakdown of the income and expenditure of the Charity and its subsidiaries is given in the Consolidated Statement of Financial Activities and associated notes.

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Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

STRATEGIC REPORT

Achievements and performance

Financial position - continued

At 31 March 2025 the Group had Net Current Assets of £3,695,749 (2024 - £1,555,112) and overall Net Assets of £13,561,012 (2024 - £11,407,471).

The Group's unrestricted funds totalled £13,419,522 (2024 - £11,284,016) and were represented by tangible fixed assets of £4,844,290 (2024 - £4,908,3216), investments of £4,935,631 (2024 - £4,944,038) and unrestricted net current assets of £3,639,601 (2024 - £1,493,031).

The Group's restricted funds totalled £141,490 (2024 - £123,455) and were represented by tangible fixed assets of £85,342 and net current assets of £56,148.

Principal funding sources

The Charity's principal funding sources are shown in the Consolidated Statement of Financial Activities on page 15 of the financial statements. The main funding sources for the Hospice in 2024-2025 continue to be legacies, voluntary donations, lottery and contract income from the ICB. The Trustees anticipate that income generation in the coming year will be affected by the continued economic pressures and global crises, and will continually monitor the situation through regular financial reporting and review. The Trustees undertake financial modelling to continue to review actions required. The delivery of the Board's Strategic Intent continues to include the focus on continuous improvement to ensure the efficient and effective use of all our resources for the benefit of our patients, families and carers.

Investment policy and objectives

The articles of association authorise the Trustees to make and hold investments using the general funds of the charity. The Board engages appropriate professional advice in the choice and movement of investments. With the approval of the Charity Commission, the Board continues to delegate responsibility for the investment portfolio management to Rathbones.

The Board reviewed the "Statement of Investment Principles" produced in accordance with the Trustee Act 2000, and agreed to maintain this as the organisation's statement.

The main investment policy objectives were aimed at maintaining capital value whilst meeting a target income figure as a minimum but also aim to build reserves if possible. The Hospice continues with its ethical policy of not investing in any tobacco related equities.

Reserves policy

The reserves policy is monitored and reviewed annually by the Board of Trustees.

The policy on reserves was reviewed and the Trustees agreed to stay with the formula of trying to build free reserve levels back to one year's running costs after taking into account guaranteed income, whilst at the same time looking to fund organisational development. The Trustees recognise the importance of using free reserves to help ensure continuity in the event of any large variation in income, any emergency financial demands, bridge any cash flow problems, pay for any future projects and to help generate income. The current level of free reserves allows the Trustees to cover these potential demands. The Hospice currently has free reserves of £7,929,030, which equates to 14 months running costs for 2024-25.

Going concern

The charitable company relies upon funding from voluntary donations, legacies and funding from the ICB, which all contain a degree of uncertainty, however the Trustees consider that the charitable company has sufficient resources to continue in existence for the foreseeable future.

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Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

STRATEGIC REPORT

Principal risks and uncertainties

The Trustees consider that the principal risks and uncertainties faced by the charitable company and its subsidiaries are as follows:

Plans for future periods

Our main objectives will remain as:

  1. Maintain Saint Catherine’s Care Quality Commission rating as ‘Good’ or ‘Outstanding’ by safely delivering to patients, carers, and families an appropriate range and quality of integrated core services, which are structured to provide easily accessible, responsive, and scalable holistic person-centred care.

  2. Deliver Saint Catherine’s care and support through an integrated employee and volunteer workforce of empowered people. Attract and retain people by offering attractive salary and benefits, which includes developing and investing in people through ongoing training and education. Offer a variety of high quality and flexibility opportunities for volunteers which demonstrates the unique value and potential for our volunteer role.

  3. Maintain Saint Catherine’s Specialist Palliative and End of Life Care focus, which is underpinned by a culture of learning and continuous improvement, together with a strong research capability. Use the outcomes of applicable research and external best practice to support continuous improvement, innovation and development of the core services provided to patients, carers, and families.

  4. Utilise and develop information technology and electronic records and systems throughout Saint Catherine’s to always ensure regulatory compliance, ensure good quality and robust data management, and maximise the efficient and effective use of all resources.

  5. Maintain a sustainable level of total expenditure for Saint Catherine’s, through a culture of continuous improvement and with effective and efficient use of resources across all departments. Including development of environmentally sustainable ways of working.

  6. Ensure Saint Catherine’s maintains a visible profile and a highly respected reputation in all the local, regional and national communities for whom we deliver care and support.

We continue to work towards demonstrating the impact of the work we do and evaluating the Integrated Palliative Care Services.

The board of Trustees in conjunction with the organisations executive team will ensure the delivery of the new Board strategic intent 2025-2027. The board will work to ensure that the Hospice remains ‘fit for purpose’ and remains on a secure financial foundation.

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Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Trust is a company without share capital, governed by its memorandum and articles of association, incorporated on 7 April 1982.

Recruitment and appointment of new trustees

The appointment and election of Trustees are governed by the articles of association. Under those articles one third of the Trustees are subject to retirement at each annual general meeting and are eligible for re-election.

This year, Sir Robert Goodwill was appointed on 5th December 2024 and Heath Samples was appointed 13 January 2025.

Organisational structure

The organisational structure of the Trust is made up of an Executive Committee, known as the Board of Trustees, of up to fifteen Trustees who are recruited from the wider body of members of the Trust which currently number 30. All Board members are elected for a period of three years after which time they can put their name forward for re-election at the AGM if they so wish. The total number of years that a Trustee can normally serve is nine years.

Saint Catherine's Hospice Trust has two wholly owned trading subsidiaries, Scarborough Hospice Sales Limited and Saint Catherine's Hospice Lottery Limited, both incorporated in England and Wales. The directors of the subsidiaries are also Trustees of the charity.

Decision making

The Board of Trustees, which is attended by the Board members and and the Executive Team, meet every two months.

Induction and training of new trustees

A Role Description and Person Specification for the role of Trustee has been drawn up and all Trustees are required to sign up to a Trustee code of conduct, an eligibility statement declaring they are a fit and proper person to undertake the role of a trustee and a separate confidentiality statement. Additionally, Trustees are DBS checked and checks are made at Companies House to ensure Trustees are not disqualified as being Directors. New Trustees will be invited to spend a day at the Hospice to see all the facilities and meet staff and will be provided with guidance on the roles and responsibilities of Hospice Trustees using guidance produced nationally by HospiceUK and the Charity Commission. In addition to the Board meetings the Trustees take part in an annual away day with senior staff and are invited to attend other information events such as staff and volunteer engagement session. Trustees regularly visit the Hospice and are required to undertake statutory and mandatory training.

Senior management remuneration

The remuneration of the senior management team is reviewed as required by the Board of Trustees in line with staff pay reviews.

Relationships

The Hospice continues to encourage its senior personnel to participate in the activities of the various professional organisations available to them. Each of the multi-disciplinary functions meets with its peers in other Hospices across Yorkshire and the Humber, which includes CEO Forums and Executive Clinical Leads in Hospice and Palliative Care Forum, Palliative and EOL North Yorkshire and York locality meeting, Regional Strategic Clinical Leads Meeting, National Regional Clinical Leads Meeting ICS Board meeting and Community Collaborative Board Meeting

The work of the Palliative and End of Life Care Clinical Network, HospiceUK and the Forum of Hospice Chairpersons at both regional and national level, is supported.

Saint Catherine's continues its membership of and engagment with a collaborative for the 7 hospices across the Humber and North Yorkshire Health and Care Partnership.

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Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Relationships - continued

Regular contact and liaison is maintained both with the purchasers and fellow providers of health care in the region covered by the Hospice, and we remain committed to a policy of collaboration, cooperation, and partnership.

Related parties

None of the Trustees receive remuneration or any other benefit from the charity.

The Trustees are required to submit annual related party forms to the charity detailing their family connections and external business interests.

The charity's wholly owned subsidiaries, Scarborough Hospice Sales Limited and Saint Catherine's Hospice Lottery Limited trade on behalf of the charity. The results of the individual subsidiaries are detailed in note 13 to the financial statements. The financial statements consolidate the results of the charitable company and both subsidiaries.

Risk management

The Trustees acknowledge their responsibility in identifying major risks to which the Hospice may be exposed and have a formal process of risk management.

The major risks to which the charity is exposed, as identified by the Trustees, have been reviewed through the day to day Executive Team activities, and systems have been established to mitigate those risks. The risk identification process for non financial risk is undertaken initially by the Chief Executive in conjunction with the professional managers of the Executive Team. As areas of risk are identified, they are reviewed initially by the Executive Team, and may then be referred to the Board through fournightly updates from the CEO for consideration, or directly to a Board Meeting. A decision on appropriate action will then be made by Trustees.

In respect of financial risk, the trustees identify major risk through consideration at the Board which is attended by trustees who include some who are either professionally qualified in finance or experienced in handling financial matters as part of their professions. Data protection has been confirmed by the successful completion of NHS Data and Security Prevention Toolkit.

The Board and senior management regularly review the organisations safeguarding, health and safety, and risk management policies, procedures, systems and processes.

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Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 1627610 (England and Wales)

Registered Charity number

284701

Registered office

Throxenby Lane Scarborough North Yorkshire YO12 5RE

Trustees

M Middlebrook (Chair) J Stevenson (Deputy Chair) S Clipperton R Goodwill - appointed 5 December 2024 D Lumb S J Mudd H Samples - appointed 13 January 2025 S Standard-Sheader

Company Secretary

R Baird

Executive Team

R Baird (Chief Executive) R Bellerby S Callin - resigned 27 September 2024 A Sk - resigned 8 September 2024 J Sayles - appointed 5 January 2024

Auditors

Ingham & Co. Chartered Accountants Statutory Auditor George Stanley House 2 West Parade Road Scarborough North Yorkshire YO12 5ED

Bankers

HSBC Bank PLC 33 St Nicholas Street Scarborough YO11 2HN

Solicitors

Thorpe & Co. 3 Bagdale Whitby YO21 1QL

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Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

REFERENCE AND ADMINISTRATIVE DETAILS - continued

Investment advisers

Rathbones 2 Gresham Street London EC2V 7QN

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Saint Catherine's Hospice Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Ingham & Co., will be proposed for re-appointment at the forthcoming Annual General Meeting.

The Report of the trustees, which incorporates a strategic report, was approved by order of the board of trustees, as the company directors, on 16 December 2025 and signed on the board's behalf by:

M Middlebrook Chairman of Trustees

Page 11

Report of the Independent Auditors to the Members of Saint Catherine's Hospice Trust

Opinion

We have audited the financial statements of Saint Catherine's Hospice Trust (the 'charitable parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the consolidated Statement of Financial Activities, the consolidated and charitable parent company Balance Sheets, the consolidated Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the group and charitable parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 12

Report of the Independent Auditors to the Members of Saint Catherine's Hospice Trust

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees Responsibilities, the trustees (who are also the directors of the charitable parent company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group's and charitable parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed auditor under the Companies Act 2006 and report in accordance with this Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material mistatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

Page 13

Report of the Independent Auditors to the Members of Saint Catherine's Hospice Trust

We assessed the susceptibility of the charitable parent company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable parent 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 parent company's members those matters we are required to state to them in an auditors' 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 parent company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Paul Webster BA FCA CTA (Senior Statutory Auditor)

for and on behalf of Ingham & Co. Chartered Accountants Statutory Auditor George Stanley House 2 West Parade Road Scarborough North Yorkshire YO12 5ED

Date: 16 December 2025

Page 14

Saint Catherine's Hospice Trust

Consolidated Statement of Financial Activities

(incorporating a consolidated Income and Expenditure Account) for the year ended 31 March 2025

Note
Income from:
Donations and legacies
Legacies
Donations
General trusts and foundations
Fundraising donations and sponsorship
Charitable activities
Funding from Integrated Care Boards
Education course income
Grants received
Other trading activities
Fundraising events
Charity shops and sales of other goods
Catering
Room hire
Support services
Lottery and prize draws
Investments
4
Other income
Gains on disposal of fixed assets
Total Income
Expe
Raising funds
Donations and legacies
5
Other trading activities
5
Lottery and prize draws
5
Investment management costs
5
Charitable activities
5
Total Expenditure
Transfers
Net (losses)/gains on investments
Total funds brought forward
Total funds carried forward
Net income/(expenditure) before other
recognised gains
Net income/(expenditure) and net movement in
funds		 Unrestricted
funds
£
3,695,171
338,318
72,520
217,259
1,665,697
21,463
-
120,068
1,174,850
144,641
2,043
18,046
316,758
166,112
118,395
8,071,341
259,689
1,433,400
200,798
44,599
4,153,767
6,092,253
1,979,088
105,742
50,676		 Restricted
funds
£
-
250
50,950
-
523,479
-
105,742
-
-
-
-
-
-
-
-		 Total funds
2025
£
3,695,171
338,568
123,470
217,259
2,189,176
21,463
105,742
120,068
1,174,850
144,641
2,043
18,046
316,758
166,112
118,395		 Total funds
2024
£
938,910
378,423
100,748
197,989
2,189,499
12,276
-
123,702
1,192,581
26,487
690
14,865
328,290
156,179
204
680,421 8,751,762 5,660,843
-
-
-
-
556,644		 259,689
1,433,400
200,798
44,599
4,710,411		 345,988
1,123,722
200,141
27,665
4,560,129
556,644 6,648,897 6,257,645
123,777
(105,742)
-		 2,102,865
-
50,676		 (596,802)
-
270,500
2,135,506
11,284,016
13,419,522		 18,035
123,455		 2,153,541
11,407,471		 (326,302)
11,733,773
141,490 13,561,012 11,407,471

Continuing operations

All income and expenditure has arisen from continuing activities.

The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year. A detailed Consolidated Statement of Financial Activities for the comparative year ended 31 March 2024 is disclosed in note 9 to the financial statements.

Page 15

Saint Catherine's Hospice Trust

Balance Sheets as at 31 March 2025

2025
2024
Note
£
£
Fixed assets
Tangible fixed assets
11
4,929,632
4,908,321
Investments
12
4,935,631
4,944,038
9,865,263
9,852,359
Current assets
Stocks
22,668
18,852
Debtors
14
1,627,314
791,656
Cash at bank and in hand
3,074,210
1,237,017
4,724,192
2,047,525
Creditors: amounts falling due within one year
15
(1,028,443)
(492,413)
Net current assets
3,695,749
1,555,112
Total net assets
13,561,012
11,407,471
The funds of the charity:
Unrestricted funds
16
13,419,522
11,284,016
Restricted income funds
16
141,490
123,455
Total charity funds
13,561,012
11,407,471
Group		 2025
2024
£
£
4,929,011
4,907,563
4,935,638
4,944,045
9,864,649
9,851,608
17,964
16,491
1,693,284
833,984
2,943,155
1,134,813
4,654,403
1,985,288
(960,058)
(431,442)
3,694,345
1,553,846
13,558,994
11,405,454
13,417,504
11,281,999
141,490
123,455
13,558,994
11,405,454
Charity		 2025
2024
£
£
4,929,011
4,907,563
4,935,638
4,944,045
9,864,649
9,851,608
17,964
16,491
1,693,284
833,984
2,943,155
1,134,813
4,654,403
1,985,288
(960,058)
(431,442)
3,694,345
1,553,846
13,558,994
11,405,454
13,417,504
11,281,999
141,490
123,455
13,558,994
11,405,454
Charity
9,851,608
16,491
833,984
1,134,813
1,985,288
(431,442)
1,553,846
11,405,454
11,281,999
123,455
11,405,454

The financial statements were approved and authorised for issue by the Board of Trustees on 16 December 2025 and were signed on its behalf by:

M Middlebrook

S Clipperton

Page 16

Saint Catherine's Hospice Trust

Consolidated Statement of cash flows for the year ended 31 March 2025

Note
£
£
Cash flows from operating activities:
(a)
1,729,570
Cash flows from investing activities:
Dividends, interest and rents from investments
166,112
Purchase of property, plant and equipment
(272,531)
Proceeds from the sale of investments
1,042,890
Proceeds from the sale of tangible fixed assets
154,959
Purchase of investments
(983,807)
1,837,193
1,237,017
(b)
3,074,210
Notes to the consolidated statement of cash flows
(a)
2025
£
Net income/(expenditure) for the reporting period
2,153,541
Adjustments for:
Depreciation charges
214,656
(Gains)/losses on investments
(50,676)
(Gains)/losses on disposal of fixed assets
(118,395)
Interest received
(31,974)
Dividends received
(128,713)
Rents from investment
(5,425)
(Increase)/decrease in stocks
(3,816)
(Increase)/decrease in debtors
(835,658)
Increase/(decrease) in creditors
536,030
Net cash provided by/(used in) operating activities
1,729,570
(b)
Analysis of cash and cash equivalents
2025
£
Cash at bank and in hand
3,074,210
Cash and cash equivalents at the end of the
reporting period
2025
Net cash provided by/(used in) operating
activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of the
reporting period
107,623		 £
£
(46,623)
156,179
(399,552)
1,036,118
204
(1,514,292)
(767,966)
2,004,983
1,237,017
2024
£
(326,302)
185,926
(270,500)
(204)
(17,338)
(132,426)
(6,415)
4,692
577,862
(61,918)
(46,623)
2024
£
1,237,017
2024
(721,343)		 £
£
(46,623)
156,179
(399,552)
1,036,118
204
(1,514,292)
(767,966)
2,004,983
1,237,017
2024
£
(326,302)
185,926
(270,500)
(204)
(17,338)
(132,426)
(6,415)
4,692
577,862
(61,918)
(46,623)
2024
£
1,237,017
2024
(721,343)
(767,966)
2,004,983
1,237,017
2024
£
(326,302)
185,926
(270,500)
(204)
(17,338)
(132,426)
(6,415)
4,692
577,862
(61,918)
(46,623)
2024
£
1,237,017

Page 17

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. Saint Catherine's Hospice Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historic cost or transaction value unless otherwise stated in the relevant accounting policies.

The presentation currency of the financial statements is the Pound Sterling (£).

Income

All income is recognised in the Statement of Financial Activities once the charitable company has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

For legacies, the charitable company is considered to be entitled to the funds, when it is aware of the existance of a valid Will and the death of the benefactor. A legacy is considered probable when there has been a grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are in control or met by the charitable company. A legacy is measurable when it can be measured or estimated with sufficient reliability.

Gifts in kind are recognised at the estimated market value of the gift when it is received, with the exception of donated goods for resale, which are not recognised until they have been sold.

Income from events and fundraising are recognised when the event takes place.

Income is deferred where it is received in advance to be expended in the following period or it relates to a future fundraising event.

Investment income is included when receivable and the amount can be measured reliably.

Resources expended

All expenditure is included within the Statement of Financial Activities on an accruals basis inclusive of any VAT that cannot be recovered. Expenditure has been allocated to a particular activity where costs relate directly to that activity. Where it is necessary to allocate costs between activities, the trustees use their best judgement and estimates to fairly allocate the costs.

Expenditure on raising funds comprises fund-raising costs incurred in seeking voluntary contributions, shop expenses and investment management advice.

Expenditure on charitable activities comprises those costs incurred by the charitable company in the delivery of its activities and services for its beneficiaries. It includes both costs that can by allocated directly to such activities and those costs of an indirect nature necessary to support them.

Page 18

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Fixed assets are stated at cost. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful economic life:

Freehold buildings - 2% Straight line Fixtures, fittings and equipment - 20% Straight line Motor vehicles - 20% Straight line

No depreciation is charged on freehold land. The charity capitalisation threshold for tangible fixed assets is £500.

Investments

All investments (other than investments in subsidiaries) are forms of basic financial instrument and are stated at market value at the balance sheet date. All gains and losses are reflected through the Statement of Financial Activities. Investments in subsidiaries are included at cost and the Trustees review the carrying value annually for indications of impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Donated items for resale are not included in the financial statements until they are sold.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objective at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charitable company. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Pension cost and other post-retirement benefits

The charitable company operates two defined contribution schemes. The charitable company also makes contributions to the NHS Pension Scheme which is an unfunded defined benefit scheme. The charitable company is unable to identify its share of the underlying assets and liabilities of the NHS scheme and therefore the scheme is accounted for as if it was a defined contribution scheme. Contributions payable to all schemes are charged to the Statement of Financial Activities in the period to which they relate.

Subsidiaries

The charitable company has two wholly owned subsidiaries, Scarborough Hospice Sales Limited and Saint Catherine's Hospice Lottery Limited, both of which are incorporated in England. Both companies are obliged under their constitutions to apply their profits towards the promotion and carrying out of the objects of the charitable company. A summary of the trading results of both subsidiaries in contained in the notes to the financial statements. These financial statements consolidate the results of the charitable company and both subsidiaries.

Page 19

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

1. ACCOUNTING POLICIES - continued

Taxation

The charitable company is exempt from tax on its charitable activities.

Group financial statements

The financial statements consolidate the results of charity and its wholly owned subsidiaries on a line by line basis. A separate Statement of Financial Activities, including the income and expenditure account, for the charity itself is not presented because the charity has taken advantage of the exemptions offered by section 408 of the Companies Act 2006. The summary financial performance of the charity alone is disclosed in note 13 of the financial statements.

Volunteers

No amounts are included in the financial statements for services donated by volunteers.

Operating leases

Operating lease rentals are included in the Statement of Financial Activities in the period to which they relate.

Financial instruments

The charitable company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors, other debtors and creditors. Debt instruments that are payable or receivable within one year, are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Going concern

The charitable company meets its daily working capital requirements from its bank accounts, which at 31 March 2025 were in excess of £2,900,000. The charitable company relies upon funding from voluntary donations, legacies and funding from clinical commissioning groups, which all contain a degree of uncertainty. However, the charitable company has a favourable fundraising history and given the level of free reserves at the year end, the Trustees consider that the charitable company has sufficient resources to continue in existence for the foreseeable future. Consequently the financial statements have been prepared on a going concern basis.

Judgements and key sources of estimation uncertainty

In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies

The trustees do not consider that there are any significant judgements which have had to be made in preparing these financial statements.

Critical accounting estimates and assumptions

The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful lives and residual values of the assets. The assumptions used regarding useful economic lives and residual values are assessed annually. They are amended when necessary to reflect current estimates based on market conditions and physical conditions of the assets.

Legacies are recognised as income when probate has been granted, the charitable company has established that it is entitled to the funds and the charity has sufficient information with which to estimate reliably the amount receivable.

Page 20

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

2. LEGAL STATUS OF THE CHARITY

The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

3.
NET INCOME
Net income is stated after charging/(crediting):
Operating lease rentals - Land, buildings and equipment
Depreciation of tangible fixed assets
Profit/(loss) on disposal of fixed assets
4.
INCOME FROM INVESTMENTS
Bank interest
Dividends
Rental income
5.
ANALYSIS OF EXPENDITURE
Direct costs
£
Costs of raising funds
Donations and legacies
194,469
Other trading activities
1,206,014
Lottery and prize draws
200,798
33,398
Charitable activities
Inpatient unit
2,570,326
Clinics & therapy
381,816
Community Care
544,851
Bereavement support services
61,260
Education
27,337
5,220,269		 Support costs
(note 6)
£
65,220
227,386
-
11,201
862,029
128,052
105,027
20,546
9,167
1,428,628		 2025
£
204,966
214,656
118,395
2025
£
31,974
128,713
5,425
166,112
2025
£
259,689
1,433,400
200,798
44,599
3,432,355
509,868
649,878
81,806
36,504
6,648,897		 2024
£
156,267
185,926
204
2024
£
17,338
132,426
6,415
156,179
2024
restated
£
345,988
1,123,722
200,141
27,665
3,025,910
469,846
910,941
119,596
33,836
6,257,645

Following a revision to the allocation of costs between charitable activities in the year ended 31 March 2024, the comparative analysis above has been restated. This revision has had no effect on the charity's total expenditure for the year ended 31 March 2024.

Page 21

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

6. ANALYSIS OF SUPPORT COSTS

ANALYSIS OF SUPPORT COSTS
Salaries
Premises
Consumables
Maintenance
Professional fees
Depreciation
Training
Governance
Transport
Sundry expenses
Total support costs		 2025
£
514,200
152,170
171,853
31,337
184,633
188,897
29,341
134,857
12,209
9,131
1,428,628		 2024
£
514,096
121,613
148,693
54,587
114,397
160,139
17,978
67,306
8,617
5,308
1,212,734

All support costs and governance costs are apportioned between the various activities in accordance with the levels of the direct costs. This method of apportionment represents a reasonable approximation of the usage of support costs and governance cost by each activity.

Allocated to:
Expenditure on raising funds (note 5):
Costs of generating donations and legacies
Other trading activities
Investments
Expenditure on charitable activities (note 5):
Clinics & therapy
Community care
Bereavement support services
Education		 £
65,220
227,386
11,201
862,029
128,052
105,027
20,546
9,167
1,428,628		 £
79,065
160,170
6,322
666,854
93,759
133,269
69,813
3,482
1,212,734

7. PENSION COSTS

The trust operates two defined contribution pension schemes, the assets of which are held separately from those of the trust in independently administered funds. In addition, the trust also makes contributions to the NHS Pension Scheme, which is an unfunded defined benefit scheme. As the trust is unable to identify its share of the underlying assets and liabilities of the NHS Pension Scheme, this is also accounted for as a defined contribution scheme. Each member of the scheme pays a common contribution rate as set by the Government. The pension costs charge for the year represents contributions payable by the trust to the schemes.

Page 22

Saint Catherine's Hospice Trust

,

Notes to the financial statements for the year ended 31 March 2025

7.
PENSION COSTS - continued
Defined contribution schemes
NHS Pension Scheme		 2025
£
91,649
158,086
249,735		 2024
£
96,477
153,602
250,079

Pension contributions amounting to £15,148 (2024 - £14,638) were payable to defined contribution schemes and £18,751 (2024 - £22,670) were payable to the NHS Pension Scheme at the year end. These amounts are included in creditors.

8. STAFF COSTS AND NUMBERS

STAFF COSTS AND NUMBERS
Wages and salaries
Social Security costs
Pension costs		 2025
£
4,025,521
367,241
249,089
4,641,850		 2024
£
4,014,767
358,845
249,666
4,623,278

The trustees do not receive any emoluments and are not reimbursed for any expenses incurred. The key management personnel of the trust and the group is the Executive Team, which comprises the Chief Executive, the Finance Director, the Medical Director, Clinical and Quality and Safety Lead and the Clinical Services Director. The total employee benefits of the key management personnel was £378,865 (2024 - £422,168).

The total amount of termination payments recognised as expenditure in the Consolidated Statement of Financial Activities for the year was £32,129 (2024 - £24,015). These relate to redundancy payments, payments in lieu of notice and ex-gratia payments.

The number of employees whose total employee benefits, excluding pension contributions, were over £60,000, were as follows:

£60,000 to £70,000
£70,000 to £80,000
£80,000 to £90,000
£90,000 to £100,000
£100,000 to £110,000
The average monthly head count of employees, analysed by function, was:
Patient care
Ancillary staff
Shop staff
Administrative staff		 2025
No.
2
2
1
-
-
90
29
27
10
156		 2024
No.
2
1
1
1
1
94
28
29
23
174

Page 23

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

9. CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES PRIOR YEAR COMPARATIVES FOR THE YEAR ENDED 31 MARCH 2024

Income and endowments from:
Donations and legacies
Legacies
Donations
General trusts and foundations
Fundraising donations and sponsorship
Charitable activities
Funding from Clinical Commissioning Groups
Education course income
Other trading activities
Fundraising events
Charity shops and sales of other goods
Catering
Room hire
Support services
Lottery and prize draws
Investments
Gain on disposal of fixed assets
Total Income
Expenditure on:
Raising funds
Donations and legacies
Other trading activities
Lottery and prize draws
Investment manager's costs
Charitable activities
Total Expenditure
Net gains on investments
Net Expenditure
Total funds brought forward
Total funds carried forward
Net income/(expenditure) before other
recognised gains		 Unrestricted
funds
£
937,845
358,596
69,257
197,989
1,653,437
12,276
123,702
1,192,581
26,487
690
14,865
328,290
156,179
204
5,072,398
345,988
1,123,722
200,141
27,665
3,962,878
5,660,394
(587,996)
270,500
(317,496)
11,601,512
11,284,016		 Restricted
funds
£
1,065
19,827
31,491
-
536,062
-
-
-
-
-
-
-
-
-
588,445
-
-
-
-
597,251
597,251
(8,806)
-
(8,806)
132,261
123,455		 Total funds
2024
£
938,910
378,423
100,748
197,989
2,189,499
12,276
123,702
1,192,581
26,487
690
14,865
328,290
156,179
204
5,660,843
345,988
1,123,722
200,141
27,665
4,560,129
6,257,645
(596,802)
270,500
(326,302)
11,733,773
11,407,471

Page 24

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

10. OPERATING LEASES

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Within two to five years
Over five years
11.
TANGIBLE FIXED ASSETS - GROUP
Cost
As at 1 April 2024
Additions
Disposals
As at 31 March 2025
Depreciation
As at 1 April 2024
Charge for the year
Eliminated on disposal
As at 31 March 2025
Net book value
As at 31 March 2025
As at 1 April 2024		 2025
2024
£
£
69,892
98,929
61,811
40,019
-
-
131,703
138,948
Freehold
Fixtures,
land &
fittings &
buildings
equipment
£
£
7,921,296
850,126
155,585
116,946
(94,168)
(4,699)
7,982,713
962,373
3,435,882
654,469
148,408
43,523
(57,604)
(4,699)
3,526,686
693,293
4,456,027
269,080
4,485,414
195,657
Group		 2025
2024
£
£
69,892
98,929
61,811
40,019
-
-
131,703
138,948
Motor
vehicles
Total
£
£
304,293
9,075,715
-
272,531
(9,000)
(107,867)
295,293
9,240,379
77,043
4,167,394
22,725
214,656
(9,000)
(71,303)
90,768
4,310,747
204,525
4,929,632
227,250
4,908,321
Charity		 2025
2024
£
£
69,892
98,929
61,811
40,019
-
-
131,703
138,948
Motor
vehicles
Total
£
£
304,293
9,075,715
-
272,531
(9,000)
(107,867)
295,293
9,240,379
77,043
4,167,394
22,725
214,656
(9,000)
(71,303)
90,768
4,310,747
204,525
4,929,632
227,250
4,908,321
Charity
138,948
Total
£
9,075,715
272,531
(107,867)
9,240,379
4,167,394
214,656
(71,303)
4,310,747
4,929,632
4,908,321

Page 25

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

11.
TANGIBLE FIXED ASSETS - CHARITY
Freehold
land &
buildings
Cost
£
As at 1 April 2024
7,921,296
Additions
155,585
Disposals
(94,168)
As at 31 March 2025
7,982,713
Depreciation
As at 1 April 2024
3,435,882
Charge for the year
148,408
Eliminated on disposal
(57,604)
As at 31 March 2025
3,526,686
Net book value
As at 31 March 2025
4,456,027
As at 1 April 2024
4,485,414
12.
FIXED ASSET INVESTMENTS - GROUP AND CHARITY
Listed investments
Valuation at 1 April 2024
Additions
Revaluation surplus/(deficit)
Valuation at 31 March 2025
Secured property asset
Valuation at 1 April 2024 and 31 March 2025
Total group investments
Equity investments in subsidiaries
At 31 March 2024 and 31 March 2025
Total charity investments
Original cost of investments stated at valuation		 Fixtures,
fittings &
equipment
£
847,629
116,946
(4,699)
959,876
652,730
43,386
(4,699)
691,417
268,459
194,899		 Motor
vehicles
£
304,293
-
(9,000)
295,293
77,043
22,725
(9,000)
90,768
204,525
227,250
2025
£
4,864,038
983,807
(1,035,963)
43,749
4,855,631
80,000
4,935,631
7
4,935,638
4,024,278		 Total
£
9,073,218
272,531
(107,867)
9,237,882
4,165,655
214,519
(71,303)
4,308,871
4,929,011
4,907,563
2024
£
4,115,364
1,514,292
(1,059,120)
293,502
4,864,038
80,000
4,944,038
7
4,944,045
4,076,434

The secured property asset represents a 50% beneficial interest in a freehold property, which was donated to the charitable company in earlier years and is included in the financial statements at its estimated value, based on the open market value of the underlying property. The open market value of the underlying property has been estimated by the Trustees by reference to the similar properties in the immediate vicinity. The charitable company is unable to realise this investment without the agreement of the other beneficial owners. Changes in the estimated value of the secured property asset are included in the Statement of Financial Activities.

Page 26

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

12. FIXED ASSET INVESTMENTS - GROUP AND CHARITY - continued

The investment in subsidiary undertakings comprises 100% of the issued share of Scarborough Hospice Sales Limited and Saint Catherine's Hospice Lottery Limited. Summaries of the results of the subsidiaries are as follows:

Scarborough Hospice Sales Limited (Company number: 02053320)
Turnover
Cost of sales
Gross profit
Operating expenses
Profit on ordinary activities
Interest payable and similar expenses
Amount gift aided to the charity
Retained in subsidiary
Assets
Liabilities
Net assets
Capital
Reserves
Saint Catherine's Hospice Lottery Limited (Company Number: 03580724)
Turnover
Cost of sales
Gross profit
Operating expenses
Profit on ordinary activities
Amount gift aided to the charity
Retained in subsidiary
Assets
Liabilities
Net assets
Represented by:
Capital
Reserves		 2025
£
41,766
(16,104)
25,662
(10,287)
15,375
-
(15,375)
-
12,655
(11,649)
1,006
6
1,000
1,006
2025
£
316,758
(130,810)
185,948
(69,988)
115,960
(115,960)
-
127,193
(126,182)
1,011
1
1,010
1,011		 2024
£
45,083
(19,608)
25,475
(9,296)
16,179
-
(16,179)
-
17,255
(16,249)
1,006
6
1,000
1,006
2024
£
328,290
(130,360)
197,930
(69,781)
128,149
(128,149)
-
91,144
(90,133)
1,011
1
1,010
1,011

Scarborough Hospice Sales Limited undertakes the sale of new goods, calendars and greetings cards. Saint Catherine's Hospice Lottery Limited undertakes the operation of the lottery and prize draws. The registered office of both subsidiaries is Saint Catherine's Hospice, Throxenby Lane, Scarborough, North Yorkshire, YO12 5RE.

Page 27

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

13. FINANCIAL PERFORMANCE OF THE CHARITY

The summary financial performance of the charity alone is as follows:

The summary financial performance of the charity alone is as follows:
Total Income
Total Expenditure
Net gains on investments
Net income/(expenditure)
Total funds brought forward
Represented by:
Restricted funds
Unrestricted funds		 2025
£
8,524,572
(6,421,708)
50,676
2,153,540
11,405,454
13,558,994
141,490
13,417,504
13,558,994		 2024
£
5,431,798
(6,028,600)
270,500
(326,302)
11,731,756
11,405,454
123,455
11,281,999
11,405,454

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Amounts owed by group undertakings
Prepayments
Accrued income		 2025
2024
£
£
562,263
70,463
-
-
79,863
70,288
74,321
85,588
910,867
565,317
1,627,314
791,656
Group		 2025
2024
£
£
558,799
70,463
69,434
42,328
79,863
70,288
74,321
85,588
910,867
565,317
1,693,284
833,984
Charity		 2025
2024
£
£
558,799
70,463
69,434
42,328
79,863
70,288
74,321
85,588
910,867
565,317
1,693,284
833,984
Charity
833,984

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Taxation and social security
Other creditors
Accruals
Deferred income
Deferred income
Balance brought forward
Amount released to the SOFA
Amount deferred in the year		 2025
2024
£
£
247,969
98,929
87,705
85,058
83,575
69,167
106,480
156,069
502,714
83,190
1,028,443
492,413
83,190
175,777
(83,190)
(175,777)
502,714
83,190
502,714
83,190
Group		 2025
2024
£
£
243,497
93,308
86,960
83,629
20,407
15,246
106,480
156,069
502,714
83,190
960,058
431,442
83,190
175,777
(83,190)
(175,777)
502,714
83,190
502,714
83,190
Charity		 2025
2024
£
£
243,497
93,308
86,960
83,629
20,407
15,246
106,480
156,069
502,714
83,190
960,058
431,442
83,190
175,777
(83,190)
(175,777)
502,714
83,190
502,714
83,190
Charity
431,442
175,777
(175,777)
83,190
83,190

Page 28

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

16 STATEMENT OF FUNDS

Group unrestricted funds
General fund
Community project fund
Sustainable energy fund
Charity unrestricted funds
General fund
Community project fund
Sustainable energy fund
Contract income
Legacies income
Trusts and foundation income
Donations income
Group total funds
Charity total funds		 At 1 April
2024
£
10,284,016
500,000
500,000
11,284,016
10,281,999
500,000
500,000
11,281,999
9,600
57,819
48,652
7,384
123,455
11,407,471
11,405,454		 Net
movement in
funds
£
2,162,977
(22,726)
(4,745)
2,135,506
2,162,976
(22,726)
(4,745)
2,135,505
4,257
(10,024)
25,451
(1,649)
18,035
2,153,541
2,153,540		 At 31 March
2025
£
12,446,993
477,274
495,255
13,419,522
12,444,975
477,274
495,255
13,417,504
13,857
47,795
74,103
5,735
141,490
13,561,012
13,558,994

The net movement in funds, included in the above are as follows:

Group unrestricted funds
General fund
Community project fund
Sustainable energy fund
Charity unrestricted funds
General fund
Community project fund
Sustainable energy fund		 Income
£
8,071,341
-
-
8,071,341
7,844,151
-
-
7,844,151		 Expenditure
£
(6,064,782)
(22,726)
(4,745)
(6,092,253)
-
(5,837,593)
(22,726)
(4,745)
(5,865,064)		 Investment
Gains/(Losses)
£
50,676
-
-
50,676
50,676
-
-
50,676		 Designation/
Transfers
£
105,742
-
-
105,742
-
105,742
-
-
105,742		 Net
movement in
funds
£
2,162,977
(22,726)
(4,745)
2,135,506
2,162,976
(22,726)
(4,745)
2,135,505

Page 29

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

16. STATEMENT OF FUNDS - continued

STATEMENT OF FUNDS - continued
Income
£
Group and Charity restricted funds
Contract income
523,479
Legacies income
-
50,950
Grants
105,742
Donations income
250
680,421
Group total funds
8,751,762
Charity total funds
8,524,572
Trusts and foundation
income		 Expenditure
£
(519,222)
(10,024)
(25,499)
-
(1,899)
(556,644)
(6,648,897)
(6,421,708)		 Investment
Gains/(Losses)
£
-
-
-
-
-
-
50,676
50,676		 Transfers
£
-
-
-
(105,742)
-
(105,742)
-
-		 Net
movement in
funds
£
4,257
(10,024)
-
25,451
-
(1,649)
18,035
2,153,541
2,153,540

Unrestricted funds

The general fund represents the free reserves of the charity that are not designated or restricted for a particular purpose.

The Trustees have designated £500,000 of the charity's investment fund, as a community project fund, to be used to purchase two specialised vehicles to assist with the provision of peripatetic services across the region. During the year ended 2024, the charity purchased the two vehicles at a cost of £227,237. The depreciation charged on these vehicles has been charged to this fund.

Restricted funds

The restricted funds represent monies received for specific purposes, as follows:

The restricted contract income received in the year included £147,522 for the End of Life Beds project, £295,082 for the Fast Track Home Care project, £75,875 for Lymphoedema services and £5,000 for the Humber and North Yorkshire Research Engagement Network (REN) programme.

The restricted trusts and foundation income includes £5,000 from the David Lister Charitable Trust and £15,000 from the Charlie and Elsie Sykes Trust to be spent on a new bed in the inpatient unit, £11,000 from the Blue Light Foundation towards staff and volunteer wellbeing, £2,500 from Ryedale District Council to be used on the provision of services in the Ryedale area, £1,000 from Hospice UK towards the staff and volunteer's christmas party, £5,450 from the Rayne Charitable Trust towards the provision of Lymphodema care, £10,000 from the Joseph and Annie Cattle Trust towards the Wellbeing Centre and £1,000 from North Yorkshire County Council to be spent on children's counselling.

The restricted donation income received in the year included £250 to be spent on equipment.

The restricted grant income relates to Hospice UK Capital Funding provided for investment in capital fixed assets. The funds were expended during the year ended 31 March 2025 and there is no ongoing restriction. Consequently, a funds transfer of £105,742 has been made from restricted funds into unrestricted funds.

Page 30

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

16. STATEMENT OF FUNDS - continued Restricted funds

Included in restricted funds held at 31 March 2025 is £85,342 in respect of the future depreciation of capital equipment purchased using restricted funds, together with £13,856 in respect of the Humber and North Yorkshire Research Engagement Network (REN) programme, £7,129 to be spent on a humanitarian project, £10,000 to be spent on the Wellbeing Centre, £1,000 to be spent on children's counselling, £4,024 to be spent on equipment, £2,000 to be spent on Royal Navy Veterans, £11,030 to be spent on staff and volunteer wellbeing, £6,750 to be spent assisting dementia patients in the Inpatient Unit and sundry other funds totalling £359.

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

As at 31 March 2025
Group
Restricted funds
Unrestricted funds:
General
Community project fund
Sustainable energy fund
Charity
Restricted funds
Unrestricted funds:
General
Sustainable energy fund
As at 31 March 2024
Group
Restricted funds
Unrestricted funds:
General
Community project fund
Sustainable energy fund
Charity
Restricted funds
Unrestricted funds:
General
Community project fund
Sustainable energy fund		 Tangible
fixed
assets
£
85,342
4,517,963
204,530
121,797
4,929,632
£
85,342
4,517,342
204,530
121,797
4,929,011
Tangible
fixed
assets
£
61,374
4,518,476
227,237
101,234
4,908,321
£
61,374
4,517,718
227,237
101,234
4,907,563		 Investments
£
-
4,935,631
-
-
4,935,631
£
-
4,935,638
-
-
4,935,638
Investments
£
-
4,944,038
-
-
4,944,038
£
-
4,944,045
-
-
4,944,045		 Net
current
assets
£
56,148
2,993,399
272,744
373,458
3,695,749
£
56,148
2,991,995
272,744
373,458
3,694,345
Net
current
assets
£
62,081
821,502
272,763
398,766
1,555,112
£
62,081
820,236
272,763
398,766
1,553,846		 Total
£
141,490
12,446,993
477,274
495,255
13,561,012
£
141,490
-
12,444,975
477,274
495,255
13,558,994
Total
£
123,455
10,284,016
500,000
500,000
11,407,471
£
123,455
10,281,999
500,000
500,000
11,405,454

Page 31

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

18. RELATED PARTY TRANSACTIONS

The total amount of donations received without conditions from the Trustees, the Executive Team and their families was £7,576 (2024 - £22,657).

During the year the charity purchased goods and services totalling £54,562 (2024 - £41,357) from Phoenix Software Limited, a company in which one of the Trustees is a director.

AUDITORS' REMUNERATION
Audit fees
Accountancy		 2025
2024
£
£
14,350
13,690
6,030
5,700
20,380
19,390
Group		 2025
2024
£
£
9,250
8,825
4,000
3,800
13,250
12,625
Charity		 2025
2024
£
£
9,250
8,825
4,000
3,800
13,250
12,625
Charity
12,625

19. AUDITORS' REMUNERATION

FINANCIAL ASSETS AND LIABILITIES
Financial assets measured at fair value
Financial assets measured at amortised cost
Carrying value of financial liabilities
Financial liabilities measured at amortised cost		 2025
2024
£
£
4,935,631
4,944,038
642,126
140,751
419,249
253,154
Group		 2025
2024
£
£
4,935,631
4,944,038
642,126
140,751
419,249
253,154
Group
253,154

20. FINANCIAL ASSETS AND LIABILITIES

Financial assets measured at fair value comprise investments held at market value.

Financial liabilities measured at amortised cost comprise trade creditors and other creditors.

21. CONTINGENT ASSETS

At 31 March 2025, the charity had been notified of 17 legacies (2024 - 19) with an estimated value in the region of £715,206 (2024 - £818,000) which have not been recognised in the financial statements as they failed to meet one or more of the income recognition criteria.

The charity has also been notified of 13 (2024 - 6) further legacies, the value of which is uncertain due to insufficient information being available. At the date of approval of the financial statements, no further information has been received and consequently these legacies have not been recognised in the financial statements.

22. CAPITAL COMMITMENTS

CAPITAL COMMITMENTS
2025 2024
£ £
Contracted but not provided for in the financial statements 193,842 -

Page 32

Saint Catherine's Hospice Trust

Charity Statement of Financial Activities for the year ended 31 March 2025

Income and endowments from:
Donations and legacies
Legacies
Donations
General trusts and foundations
Fundraising donations and sponsorship
Charitable activities
Funding from Integrated Care Boards
Education course income
Grants received
Other trading activities
Fundraising events
Charity shops
Catering
Room hire
Support Services
Scarborough Hospice Sales Limited
Saint Catherine's Hospice Lottery Limited
Investments
Other income
Gains on disposal of fixed assets
Total Income
Expenditure on:
Raising funds
Donations and legacies
Other trading activities
Investment manager's costs
Charitable activities
Total Expenditure
Transfers
Net gains on investments
Total funds brought forward
Total funds carried forward
Net income/(expenditure) before other
recognised gains
Net income/(expenditure) and net movement in
funds		 Unrestricted
funds
£
3,695,171
338,318
72,520
217,259
1,665,697
21,463
-
120,068
1,133,084
144,641
2,043
18,046
15,374
115,960
166,112
118,395
7,844,151
259,689
1,407,009
44,599
4,153,767
5,865,064
1,979,087
105,742
50,676
2,135,505
11,281,999
13,417,504		 Restricted
funds
£
-
250
50,950
-
523,479
-
105,742
-
-
-
-
-
-
-
-
-
680,421
-
-
-
556,644
556,644
123,777
(105,742)
-
18,035
123,455
141,490		 Total funds
2025
£
3,695,171
338,568
123,470
217,259
-
2,189,176
21,463
105,742
120,068
1,133,084
144,641
2,043
18,046
15,374
115,960
166,112
118,395
8,524,572
259,689
1,407,009
44,599
4,710,411
6,421,708
2,102,864
-
50,676
2,153,540
11,405,454
13,558,994		 Total funds
2024
£
938,910
378,423
100,748
197,989
-
2,189,499
12,276
-
123,702
1,147,498
26,487
690
14,865
16,179
128,149
156,179
204
5,431,798
345,988
1,094,818
27,665
4,560,129
6,028,600
(596,802)
-
270,500
(326,302)
11,731,756
11,405,454

This page does not form part of the statutory financial statements

Page 33

Saint Catherine's Hospice Trust

Non- Statutory notes to the consolidated financial statements for the year ended 31 March 2025

ANALYSIS OF EXPENDITURE
Costs of generating donations and legacies
Salaries
Transport
Publicity
Consumables
Maintenance
Sundry expenses
Support costs (note 6)
Other trading activities
Salaries
Transport
Premises
Consumables
Maintenance
Sundry expenses
Professional fees
Depreciation
Support costs (note 6)
Scarborough Hospice Sales Limited expenses
Lottery and prize draws
Saint Catherine's Hospice Lottery Limited expenses
Investment management costs
Fund managers' fees
Support costs (note 6)
Charitable activities
Inpatient unit
Salaries
Temporary and external labour
Transport
Premises
Consumables
Maintenance
Sundry expenses
Professional fees
Depreciation
Support costs (note 6)		 2025
£
154,123
1,305
30,677
1,884
198
6,282
65,220
259,689
695,899
26,121
240,108
91,827
27,761
32,738
57,720
7,449
227,386
1,407,009
26,391
1,433,400
200,798
33,398
11,201
44,599
2,259,620
47,642
1,362
4,233
190,093
48,039
3,140
2,429
13,768
862,029
3,432,355		 2024
restated
£
184,188
2,795
73,062
2,081
80
4,717
79,065
345,988
556,983
19,083
231,331
55,849
31,687
16,219
16,047
7,449
160,170
1,094,818
28,904
1,123,722
200,141
21,343
6,322
27,665
2,120,384
3,379
2,330
8,249
146,993
35,020
2,855
1,522
13,768
691,410
3,025,910

This page does not form part of the statutory financial statements

Page 34

Saint Catherine's Hospice Trust

Non- Statutory notes to the consolidated financial statements for the year ended 31 March 2025

ANALYSIS OF EXPENDITURE - continued
Charitable activities - continued
Clinics & therapy
Salaries & external labour
Transport
Premises
Consumables
Maintenance
Sundry expenses
Professional fees
Depreciation
Support costs (note 6)
Community care
Salaries & external labour
Transport
Consumables
Professional fees
Support costs (note 6)
Bereavement support services
Salaries & external labour
Sundry expenses
Support costs (note 6)
Education
Salaries & external labour
Training
Consumables
Maintenance
Sundry expenses
Support costs (note 6)
Total expenditure		 2025
£
330,437
1,508
1,814
36,210
3,921
3,335
186
4,405
128,052
509,868
509,912
31,420
2,775
744
105,027
649,878
61,155
105
20,546
81,806
14,027
5,336
6,385
996
593
9,167
36,504
6,648,897		 2024
restated
£
305,461
960
3,535
39,396
6,034
2,333
304
4,405
107,418
469,846
762,228
11,215
3,012
1,217
133,269
910,941
92,062
192
27,342
119,596
14,344
5,098
5,721
398
539
7,736
33,836
6,257,645

This page does not form part of the statutory financial statements

Page 35

REGISTERED COMPANY NUMBER: 1627610 (England and Wales) REGISTERED CHARITY NUMBER: 284701

Report of the Trustees and Financial Statements For The Year Ended 31 March 2025 for Saint Catherine's Hospice Trust

Ingham & Co. Chartered Accountants Statutory Auditor George Stanley House 2 West Parade Road

Scarborough North Yorkshire YO12 5ED

Saint Catherine's Hospice Trust

Contents of the Financial Statements For The Year Ended 31 March 2025

Page
Report of the Trustees 1 to 11
Report of the Independent Auditors 12 to 14
Consolidated Statement of Financial Activities 15
Balance Sheets 16
Consolidated Cash Flow Statement 17
Notes to the Financial Statements 18 to 32

Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the consolidated financial statements of the charity and its subsidiaries for the year ended 31 March 2025, which are also prepared to meet the requirements for a group director's report and accounts for Companies Act purposes. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Purpose and activities

The primary object of the Trust is to promote the relief of symptoms and enhance the wellbeing of patients and their carers with specialst palliative care and end of life needs. The Trust meets this objective through its promotion and provision, where appropriate, of holistic care for patients with a life limiting illness who are in need of specialist palliative and end of life care.

The Hospice provides consultant led specialist palliative and end of life care services to those patients with a life limiting illness, regardless of diagnosis, referred in to our care.

The Hospice serves a 1600 square mile area, with both in-patient provision in Scarborough and a range of outpatient and community services.

Scarborough based:

Purpose-built Hospice opened in 1985, moving to its current site in 2004 providing specialist palliative care beds in single en-suite in-patient rooms.

Page 1

Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

OBJECTIVES AND ACTIVITIES Purpose and activities

Community based:

The main objectives for the charity for the year have been to focus on expanding community outreach programmes, improving current environment and patient resources, improving patient care plans, and enhancing staff training. The charity has also been working hard to increase community awareness of hospice purpose and challenge pre-conceived perceptions. The charity continues with a programme of on-site improvements to enable the organisation to be recognised as a community resource, as well as a provider of end of life care. The charity also continues to develop new technological innovations to support patient end of life care.

Public Benefit

The Board of Trustees are satisfied that they have complied with the duty in section 17(5) of the Charities Act 2011 to have regard to the Charity Commission guidance on public benefit in the provision of its activities. A review of the significant activities undertaken by the charity during the year to further its charitable purposes for the public benefit is detailed below.

Volunteers

The Hospice relies heavily on the support of volunteers and currently has around 350 volunteers across all our services, in our shops, helping out with fundraising and in our business support services. The Board are incredibly grateful to all those who volunteer time for their commitment to the Hospice and would like to express their gratitude and thanks to all our volunteers. Volunteers remain a vital resource for Saint Catherine's helping to support our fundraising and shops throughout 2024-2025.

STRATEGIC REPORT

Achievements and performance

Charitable activities

Saint Catherines' strategic intent 2025-2027 provides a clear focus for the continued development of the organisation. The five main intentions of the new intent document are: maintaining high-quality specialist care while expanding community services, improving collaboration, modernising operations, diversifying income, and ensuring long-term sustainability. Each of these intents have key actions attached to each which will be reviewed over the next 2 years. The hospice's set of values and behaviours are how we deliver our strategic intent, and these are based on being EPIC which stands for, Excellence, People centred, Integrity and Collaboration.

Page 2

Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

STRATEGIC REPORT

Achievements and performance

Charitable activities - continued

The Hospice continues to review the delivery and development of all its services in light of the changes in the local health and social economies, seeking to respond to local plans and objectives, in conjunction with needs analyses gathered by the Integrated Care Board ("ICB"). During 2024-2025 we have been able to slowly develop new ways of delivering care and support through our Wellbeing Centre for patients and families. Our services received 2,353 referrals to provide specialist care and support. We had 175 admissions to the In-Patient Unit with 5 being admissions from Scarborough Hospital to Nurse Led Beds. Our Palliative Care Counselling Team made 439 contacts to support clients. The domiciliary fast track care teams made 3401 visits to patients in their own homes Our Community Palliative Care Clinical Nurse Specialists received 915 referrals which resulted in 6,387 contacts. Our Therapies Team in total had 1,805 contacts with patients. Social Workers provided 959 contacts over the year.

We continued to work with the ICB to develop and continually improve our services during 2024-2025. Saint Catherine's continue to deliver a Fast Track Domiciliary Care service delivering packages of care to patients across our Scarborough area.

The Hospice continues to play a role in the wider healthcare system by engaging with commissioners and local healthcare forums across North Yorkshire and Humber. The Executive Team continues to engage with key local stakeholders.

The Hospice has continued to deliver high quality care and service to our patients, families and clients. The Hospice receives feedback from patients, carers and professionals and through 2024-2025 we were told:

Patients/carers/families have said:

"All of the staff were amazing at St Catherines, the people who work there are unique, so caring and compassionate to everyone"

"Your care was excellent, doctors, nurses, all staff. The in patient unit is beautiful"

"Thank you doesn't really feel enough to say for how grateful we are for the care you provided for our dad. The time we spent with our dad at the end was special and we looked forward to the visits you all made knowing how well he was being looked after, and how comfortable and restful he looked when you left. It made all the difference, you all do wonderful jobs so thank you for the bottom of our hearts"

"Thank you to the CNS team for all of their help with my husband. They were a great support and he was able to remain at home".

“Thank you for all your hard work with the Cancer Wellbeing Café. You have made a difficult time so much more enjoyable. You’ve created a safe space where we can support one another, and I love that you are promoting research.

I carried out research on children as carers and founded the first Young Carers groups.”

Page 3

Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

STRATEGIC REPORT Achievements and performance

Feedback on our charitable activities - continued Professionals have said:

"This place is a life saver, you are a life saver. Not just for the patients at the time they need you, but for the families that time we had together.. there are no words"

Income generation

The Trustees evaluate the effectiveness of all income generation activities with reference to planned income and the overall Income Generation and Marketing strategy through Board meetings. The Finance Director and Chief Executive provide reports to the Board to show financial income and performance. Management Accounts are prepared monthly to show results against budget and prior year.

The Hospice recognises the crucial importance of all its income generation activities. The Hospice has established a relationship and continues to work with Humber and North Yorkshire ICB, to continue contracted activity bringing in commissioned income. The Hospice continues to review the performance of all income generation activities, to ensure the services remain as effective and efficient as possible. The Hospice remains incredibly grateful to all its supporters and donors and recognises the challenges faced by our communities in the continuing economic climate.

Fundraising and compliance

The Hospice is registered with the Fundraising Regulator and continues to review the legal requirements and best practice guidance for all income generation activities, to ensure all practices and ethics meet the required standards and vulnerable persons and other members of the public are protected. The Trustees receive formal updates on any matters of concern in the form of regular CEO updates and papers to Board.

The Hospice delivers its own fundraising activities directly and also has volunteers and supporters who fundraise on our behalf. Our fundraising team provide guidance and support to assist staff, volunteers and supporters in their fundraising activities.

The Hospice does not undertake any cold-call canvassing for the Lottery and no other cold-call approach is undertaken in any income generation activity. The Hospice does not use any professional fundraisers in respect of any income generation activity.

Saint Catherine's Hospice Lottery Limited utilises the services of an external lottery manager to manage and promote our weekly lottery draw. The lottery manager, Sterling Lotteries, is licenced and regulated by the Gambling Commission as a Non-Remote and Remote External Lottery Provider.

The Hospice continuously reviews its information governance and security and continues to achieve the required standards for the Data Security and Protection toolkit ("DSP") in 2024-2025, as required by the NHS and the CQC.

Page 4

Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

STRATEGIC REPORT

Achievements and performance

Investment performance

The Charity has an agreed investment policy with its investment managers based on the requirements from the portfolio; to provide a high level of income and a capital buffer in case of a shortfall in funding-income; to accommodate the level of risk the Trustees are prepared to accept; to take account of the timescale over which the investments are expected to be held. Based on the consideration of these factors the investment benchmark agreed for the portfolio with the investment managers is: 36% FTSE All Share; 36% FTSE World Excl. UK; 13% FTA British Government Fixed All Stocks; 9% Bank of England Base Rate (+2%); 5% IPD Monthly; and 1% Bank of England Base Rate (-0.5%). This represents a strategic asset allocation of: a target of 72% (range 45-75%) in Equities with a 50/50 split between UK and Overseas ; target of 13% (range 10-35%) in Fixed Interest; target of 9% (2.5-20%) in Infrastructure; target of 5% (012.5%) in Property; and a target 1% (0-20%) in Cash. This allocation maintains the Hospice's 5-10 year horizon of medium to long-term investment with a Medium risk profile and Balanced investment objective.

The Trustees understand that over the long term this agreed format will allow the capital value of the portfolio to be at least retained in real terms and will generate a good level of income to support the hospice. The Trustees also understand that investments do not move in a linear fashion and there will be individual years, and periods perhaps in excess of a year, when the portfolio value may fall. However they also understand that, based on historical returns, equity investment is necessary if the value of both the capital value of the fund and income is to maintain its purchasing power when compared with inflation.

Saint Catherine’s year to 31st March 2025 saw the Hospice’s investment portfolio remain broadly stable, despite continued volatility in markets. At 1st April 2024, the portfolio was valued at £4.864m, and at 31st March 2025 it was valued at £4.856m. The Trustees remain focused on long-term performance and continue to monitor the portfolio closely.

The portfolio continues to be managed with a focus on long-term growth, both in terms of capital value and the income it generates. For 2025, the portfolio achieved a total return of +3.45%, compared with the benchmark return of +6.46%. The portfolio’s three-year cumulative return of +5.8% falls below the benchmark return of +17%. During 2024–25, the Hospice received £128,713 in income from its investments. The trustees have decided to revisit the current investment strategy and implement changes to improve future performance.

With inflation and interest rates having peaked over the past year, markets are becoming more optimistic about the start of an interest rate cutting cycle and the backdrop of this should be supportive for investment markets. Economic growth remains challenging and whilst equity markets have produced strong growth over the past 12 months, much of this has been led by a small number of large companies exposed to the Artificial Intelligence theme. If corporate earnings growth starts to slow then equity markets could come under pressure, particularly some of the more highly valued parts of the stock market but investors remain cautiously optimistic in the short term.

Appreciation

The Board again expresses its appreciation of all who work so generously for Saint Catherine's, senior management, staff and volunteers. Their united efforts make possible the delivery of care to our patients at the highest level of quality and the continuing outreach of knowledge and expertise in specialist palliative care to the wider constituency.

Financial position

The overall operating surplus for the restricted and unrestricted fund, as detailed in the financial statements described as "Net income" was £2,153,541 (2024 - deficit £326,302) and was mainly as result of the very generous legacies received in the year. A breakdown of the income and expenditure of the Charity and its subsidiaries is given in the Consolidated Statement of Financial Activities and associated notes.

Page 5

Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

STRATEGIC REPORT

Achievements and performance

Financial position - continued

At 31 March 2025 the Group had Net Current Assets of £3,695,749 (2024 - £1,555,112) and overall Net Assets of £13,561,012 (2024 - £11,407,471).

The Group's unrestricted funds totalled £13,419,522 (2024 - £11,284,016) and were represented by tangible fixed assets of £4,844,290 (2024 - £4,908,3216), investments of £4,935,631 (2024 - £4,944,038) and unrestricted net current assets of £3,639,601 (2024 - £1,493,031).

The Group's restricted funds totalled £141,490 (2024 - £123,455) and were represented by tangible fixed assets of £85,342 and net current assets of £56,148.

Principal funding sources

The Charity's principal funding sources are shown in the Consolidated Statement of Financial Activities on page 15 of the financial statements. The main funding sources for the Hospice in 2024-2025 continue to be legacies, voluntary donations, lottery and contract income from the ICB. The Trustees anticipate that income generation in the coming year will be affected by the continued economic pressures and global crises, and will continually monitor the situation through regular financial reporting and review. The Trustees undertake financial modelling to continue to review actions required. The delivery of the Board's Strategic Intent continues to include the focus on continuous improvement to ensure the efficient and effective use of all our resources for the benefit of our patients, families and carers.

Investment policy and objectives

The articles of association authorise the Trustees to make and hold investments using the general funds of the charity. The Board engages appropriate professional advice in the choice and movement of investments. With the approval of the Charity Commission, the Board continues to delegate responsibility for the investment portfolio management to Rathbones.

The Board reviewed the "Statement of Investment Principles" produced in accordance with the Trustee Act 2000, and agreed to maintain this as the organisation's statement.

The main investment policy objectives were aimed at maintaining capital value whilst meeting a target income figure as a minimum but also aim to build reserves if possible. The Hospice continues with its ethical policy of not investing in any tobacco related equities.

Reserves policy

The reserves policy is monitored and reviewed annually by the Board of Trustees.

The policy on reserves was reviewed and the Trustees agreed to stay with the formula of trying to build free reserve levels back to one year's running costs after taking into account guaranteed income, whilst at the same time looking to fund organisational development. The Trustees recognise the importance of using free reserves to help ensure continuity in the event of any large variation in income, any emergency financial demands, bridge any cash flow problems, pay for any future projects and to help generate income. The current level of free reserves allows the Trustees to cover these potential demands. The Hospice currently has free reserves of £7,929,030, which equates to 14 months running costs for 2024-25.

Going concern

The charitable company relies upon funding from voluntary donations, legacies and funding from the ICB, which all contain a degree of uncertainty, however the Trustees consider that the charitable company has sufficient resources to continue in existence for the foreseeable future.

Page 6

Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

STRATEGIC REPORT

Principal risks and uncertainties

The Trustees consider that the principal risks and uncertainties faced by the charitable company and its subsidiaries are as follows:

Plans for future periods

Our main objectives will remain as:

  1. Maintain Saint Catherine’s Care Quality Commission rating as ‘Good’ or ‘Outstanding’ by safely delivering to patients, carers, and families an appropriate range and quality of integrated core services, which are structured to provide easily accessible, responsive, and scalable holistic person-centred care.

  2. Deliver Saint Catherine’s care and support through an integrated employee and volunteer workforce of empowered people. Attract and retain people by offering attractive salary and benefits, which includes developing and investing in people through ongoing training and education. Offer a variety of high quality and flexibility opportunities for volunteers which demonstrates the unique value and potential for our volunteer role.

  3. Maintain Saint Catherine’s Specialist Palliative and End of Life Care focus, which is underpinned by a culture of learning and continuous improvement, together with a strong research capability. Use the outcomes of applicable research and external best practice to support continuous improvement, innovation and development of the core services provided to patients, carers, and families.

  4. Utilise and develop information technology and electronic records and systems throughout Saint Catherine’s to always ensure regulatory compliance, ensure good quality and robust data management, and maximise the efficient and effective use of all resources.

  5. Maintain a sustainable level of total expenditure for Saint Catherine’s, through a culture of continuous improvement and with effective and efficient use of resources across all departments. Including development of environmentally sustainable ways of working.

  6. Ensure Saint Catherine’s maintains a visible profile and a highly respected reputation in all the local, regional and national communities for whom we deliver care and support.

We continue to work towards demonstrating the impact of the work we do and evaluating the Integrated Palliative Care Services.

The board of Trustees in conjunction with the organisations executive team will ensure the delivery of the new Board strategic intent 2025-2027. The board will work to ensure that the Hospice remains ‘fit for purpose’ and remains on a secure financial foundation.

Page 7

Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Trust is a company without share capital, governed by its memorandum and articles of association, incorporated on 7 April 1982.

Recruitment and appointment of new trustees

The appointment and election of Trustees are governed by the articles of association. Under those articles one third of the Trustees are subject to retirement at each annual general meeting and are eligible for re-election.

This year, Sir Robert Goodwill was appointed on 5th December 2024 and Heath Samples was appointed 13 January 2025.

Organisational structure

The organisational structure of the Trust is made up of an Executive Committee, known as the Board of Trustees, of up to fifteen Trustees who are recruited from the wider body of members of the Trust which currently number 30. All Board members are elected for a period of three years after which time they can put their name forward for re-election at the AGM if they so wish. The total number of years that a Trustee can normally serve is nine years.

Saint Catherine's Hospice Trust has two wholly owned trading subsidiaries, Scarborough Hospice Sales Limited and Saint Catherine's Hospice Lottery Limited, both incorporated in England and Wales. The directors of the subsidiaries are also Trustees of the charity.

Decision making

The Board of Trustees, which is attended by the Board members and and the Executive Team, meet every two months.

Induction and training of new trustees

A Role Description and Person Specification for the role of Trustee has been drawn up and all Trustees are required to sign up to a Trustee code of conduct, an eligibility statement declaring they are a fit and proper person to undertake the role of a trustee and a separate confidentiality statement. Additionally, Trustees are DBS checked and checks are made at Companies House to ensure Trustees are not disqualified as being Directors. New Trustees will be invited to spend a day at the Hospice to see all the facilities and meet staff and will be provided with guidance on the roles and responsibilities of Hospice Trustees using guidance produced nationally by HospiceUK and the Charity Commission. In addition to the Board meetings the Trustees take part in an annual away day with senior staff and are invited to attend other information events such as staff and volunteer engagement session. Trustees regularly visit the Hospice and are required to undertake statutory and mandatory training.

Senior management remuneration

The remuneration of the senior management team is reviewed as required by the Board of Trustees in line with staff pay reviews.

Relationships

The Hospice continues to encourage its senior personnel to participate in the activities of the various professional organisations available to them. Each of the multi-disciplinary functions meets with its peers in other Hospices across Yorkshire and the Humber, which includes CEO Forums and Executive Clinical Leads in Hospice and Palliative Care Forum, Palliative and EOL North Yorkshire and York locality meeting, Regional Strategic Clinical Leads Meeting, National Regional Clinical Leads Meeting ICS Board meeting and Community Collaborative Board Meeting

The work of the Palliative and End of Life Care Clinical Network, HospiceUK and the Forum of Hospice Chairpersons at both regional and national level, is supported.

Saint Catherine's continues its membership of and engagment with a collaborative for the 7 hospices across the Humber and North Yorkshire Health and Care Partnership.

Page 8

Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Relationships - continued

Regular contact and liaison is maintained both with the purchasers and fellow providers of health care in the region covered by the Hospice, and we remain committed to a policy of collaboration, cooperation, and partnership.

Related parties

None of the Trustees receive remuneration or any other benefit from the charity.

The Trustees are required to submit annual related party forms to the charity detailing their family connections and external business interests.

The charity's wholly owned subsidiaries, Scarborough Hospice Sales Limited and Saint Catherine's Hospice Lottery Limited trade on behalf of the charity. The results of the individual subsidiaries are detailed in note 13 to the financial statements. The financial statements consolidate the results of the charitable company and both subsidiaries.

Risk management

The Trustees acknowledge their responsibility in identifying major risks to which the Hospice may be exposed and have a formal process of risk management.

The major risks to which the charity is exposed, as identified by the Trustees, have been reviewed through the day to day Executive Team activities, and systems have been established to mitigate those risks. The risk identification process for non financial risk is undertaken initially by the Chief Executive in conjunction with the professional managers of the Executive Team. As areas of risk are identified, they are reviewed initially by the Executive Team, and may then be referred to the Board through fournightly updates from the CEO for consideration, or directly to a Board Meeting. A decision on appropriate action will then be made by Trustees.

In respect of financial risk, the trustees identify major risk through consideration at the Board which is attended by trustees who include some who are either professionally qualified in finance or experienced in handling financial matters as part of their professions. Data protection has been confirmed by the successful completion of NHS Data and Security Prevention Toolkit.

The Board and senior management regularly review the organisations safeguarding, health and safety, and risk management policies, procedures, systems and processes.

Page 9

Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 1627610 (England and Wales)

Registered Charity number

284701

Registered office

Throxenby Lane Scarborough North Yorkshire YO12 5RE

Trustees

M Middlebrook (Chair) J Stevenson (Deputy Chair) S Clipperton R Goodwill - appointed 5 December 2024 D Lumb S J Mudd H Samples - appointed 13 January 2025 S Standard-Sheader

Company Secretary

R Baird

Executive Team

R Baird (Chief Executive) R Bellerby S Callin - resigned 27 September 2024 A Sk - resigned 8 September 2024 J Sayles - appointed 5 January 2024

Auditors

Ingham & Co. Chartered Accountants Statutory Auditor George Stanley House 2 West Parade Road Scarborough North Yorkshire YO12 5ED

Bankers

HSBC Bank PLC 33 St Nicholas Street Scarborough YO11 2HN

Solicitors

Thorpe & Co. 3 Bagdale Whitby YO21 1QL

Page 10

Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2025

REFERENCE AND ADMINISTRATIVE DETAILS - continued

Investment advisers

Rathbones 2 Gresham Street London EC2V 7QN

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Saint Catherine's Hospice Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Ingham & Co., will be proposed for re-appointment at the forthcoming Annual General Meeting.

The Report of the trustees, which incorporates a strategic report, was approved by order of the board of trustees, as the company directors, on 16 December 2025 and signed on the board's behalf by:

M Middlebrook Chairman of Trustees

Page 11

Report of the Independent Auditors to the Members of Saint Catherine's Hospice Trust

Opinion

We have audited the financial statements of Saint Catherine's Hospice Trust (the 'charitable parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the consolidated Statement of Financial Activities, the consolidated and charitable parent company Balance Sheets, the consolidated Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the group and charitable parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 12

Report of the Independent Auditors to the Members of Saint Catherine's Hospice Trust

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees Responsibilities, the trustees (who are also the directors of the charitable parent company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group's and charitable parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed auditor under the Companies Act 2006 and report in accordance with this Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material mistatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

Page 13

Report of the Independent Auditors to the Members of Saint Catherine's Hospice Trust

We assessed the susceptibility of the charitable parent company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable parent 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 parent company's members those matters we are required to state to them in an auditors' 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 parent company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Paul Webster BA FCA CTA (Senior Statutory Auditor)

for and on behalf of Ingham & Co. Chartered Accountants Statutory Auditor George Stanley House 2 West Parade Road Scarborough North Yorkshire YO12 5ED

Date: 16 December 2025

Page 14

Saint Catherine's Hospice Trust

Consolidated Statement of Financial Activities

(incorporating a consolidated Income and Expenditure Account) for the year ended 31 March 2025

Note
Income from:
Donations and legacies
Legacies
Donations
General trusts and foundations
Fundraising donations and sponsorship
Charitable activities
Funding from Integrated Care Boards
Education course income
Grants received
Other trading activities
Fundraising events
Charity shops and sales of other goods
Catering
Room hire
Support services
Lottery and prize draws
Investments
4
Other income
Gains on disposal of fixed assets
Total Income
Expe
Raising funds
Donations and legacies
5
Other trading activities
5
Lottery and prize draws
5
Investment management costs
5
Charitable activities
5
Total Expenditure
Transfers
Net (losses)/gains on investments
Total funds brought forward
Total funds carried forward
Net income/(expenditure) before other
recognised gains
Net income/(expenditure) and net movement in
funds		 Unrestricted
funds
£
3,695,171
338,318
72,520
217,259
1,665,697
21,463
-
120,068
1,174,850
144,641
2,043
18,046
316,758
166,112
118,395
8,071,341
259,689
1,433,400
200,798
44,599
4,153,767
6,092,253
1,979,088
105,742
50,676		 Restricted
funds
£
-
250
50,950
-
523,479
-
105,742
-
-
-
-
-
-
-
-		 Total funds
2025
£
3,695,171
338,568
123,470
217,259
2,189,176
21,463
105,742
120,068
1,174,850
144,641
2,043
18,046
316,758
166,112
118,395		 Total funds
2024
£
938,910
378,423
100,748
197,989
2,189,499
12,276
-
123,702
1,192,581
26,487
690
14,865
328,290
156,179
204
680,421 8,751,762 5,660,843
-
-
-
-
556,644		 259,689
1,433,400
200,798
44,599
4,710,411		 345,988
1,123,722
200,141
27,665
4,560,129
556,644 6,648,897 6,257,645
123,777
(105,742)
-		 2,102,865
-
50,676		 (596,802)
-
270,500
2,135,506
11,284,016
13,419,522		 18,035
123,455		 2,153,541
11,407,471		 (326,302)
11,733,773
141,490 13,561,012 11,407,471

Continuing operations

All income and expenditure has arisen from continuing activities.

The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year. A detailed Consolidated Statement of Financial Activities for the comparative year ended 31 March 2024 is disclosed in note 9 to the financial statements.

Page 15

Saint Catherine's Hospice Trust

Balance Sheets as at 31 March 2025

2025
2024
Note
£
£
Fixed assets
Tangible fixed assets
11
4,929,632
4,908,321
Investments
12
4,935,631
4,944,038
9,865,263
9,852,359
Current assets
Stocks
22,668
18,852
Debtors
14
1,627,314
791,656
Cash at bank and in hand
3,074,210
1,237,017
4,724,192
2,047,525
Creditors: amounts falling due within one year
15
(1,028,443)
(492,413)
Net current assets
3,695,749
1,555,112
Total net assets
13,561,012
11,407,471
The funds of the charity:
Unrestricted funds
16
13,419,522
11,284,016
Restricted income funds
16
141,490
123,455
Total charity funds
13,561,012
11,407,471
Group		 2025
2024
£
£
4,929,011
4,907,563
4,935,638
4,944,045
9,864,649
9,851,608
17,964
16,491
1,693,284
833,984
2,943,155
1,134,813
4,654,403
1,985,288
(960,058)
(431,442)
3,694,345
1,553,846
13,558,994
11,405,454
13,417,504
11,281,999
141,490
123,455
13,558,994
11,405,454
Charity		 2025
2024
£
£
4,929,011
4,907,563
4,935,638
4,944,045
9,864,649
9,851,608
17,964
16,491
1,693,284
833,984
2,943,155
1,134,813
4,654,403
1,985,288
(960,058)
(431,442)
3,694,345
1,553,846
13,558,994
11,405,454
13,417,504
11,281,999
141,490
123,455
13,558,994
11,405,454
Charity
9,851,608
16,491
833,984
1,134,813
1,985,288
(431,442)
1,553,846
11,405,454
11,281,999
123,455
11,405,454

The financial statements were approved and authorised for issue by the Board of Trustees on 16 December 2025 and were signed on its behalf by:

M Middlebrook

S Clipperton

Page 16

Saint Catherine's Hospice Trust

Consolidated Statement of cash flows for the year ended 31 March 2025

Note
£
£
Cash flows from operating activities:
(a)
1,729,570
Cash flows from investing activities:
Dividends, interest and rents from investments
166,112
Purchase of property, plant and equipment
(272,531)
Proceeds from the sale of investments
1,042,890
Proceeds from the sale of tangible fixed assets
154,959
Purchase of investments
(983,807)
1,837,193
1,237,017
(b)
3,074,210
Notes to the consolidated statement of cash flows
(a)
2025
£
Net income/(expenditure) for the reporting period
2,153,541
Adjustments for:
Depreciation charges
214,656
(Gains)/losses on investments
(50,676)
(Gains)/losses on disposal of fixed assets
(118,395)
Interest received
(31,974)
Dividends received
(128,713)
Rents from investment
(5,425)
(Increase)/decrease in stocks
(3,816)
(Increase)/decrease in debtors
(835,658)
Increase/(decrease) in creditors
536,030
Net cash provided by/(used in) operating activities
1,729,570
(b)
Analysis of cash and cash equivalents
2025
£
Cash at bank and in hand
3,074,210
Cash and cash equivalents at the end of the
reporting period
2025
Net cash provided by/(used in) operating
activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of the
reporting period
107,623		 £
£
(46,623)
156,179
(399,552)
1,036,118
204
(1,514,292)
(767,966)
2,004,983
1,237,017
2024
£
(326,302)
185,926
(270,500)
(204)
(17,338)
(132,426)
(6,415)
4,692
577,862
(61,918)
(46,623)
2024
£
1,237,017
2024
(721,343)		 £
£
(46,623)
156,179
(399,552)
1,036,118
204
(1,514,292)
(767,966)
2,004,983
1,237,017
2024
£
(326,302)
185,926
(270,500)
(204)
(17,338)
(132,426)
(6,415)
4,692
577,862
(61,918)
(46,623)
2024
£
1,237,017
2024
(721,343)
(767,966)
2,004,983
1,237,017
2024
£
(326,302)
185,926
(270,500)
(204)
(17,338)
(132,426)
(6,415)
4,692
577,862
(61,918)
(46,623)
2024
£
1,237,017

Page 17

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. Saint Catherine's Hospice Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historic cost or transaction value unless otherwise stated in the relevant accounting policies.

The presentation currency of the financial statements is the Pound Sterling (£).

Income

All income is recognised in the Statement of Financial Activities once the charitable company has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

For legacies, the charitable company is considered to be entitled to the funds, when it is aware of the existance of a valid Will and the death of the benefactor. A legacy is considered probable when there has been a grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are in control or met by the charitable company. A legacy is measurable when it can be measured or estimated with sufficient reliability.

Gifts in kind are recognised at the estimated market value of the gift when it is received, with the exception of donated goods for resale, which are not recognised until they have been sold.

Income from events and fundraising are recognised when the event takes place.

Income is deferred where it is received in advance to be expended in the following period or it relates to a future fundraising event.

Investment income is included when receivable and the amount can be measured reliably.

Resources expended

All expenditure is included within the Statement of Financial Activities on an accruals basis inclusive of any VAT that cannot be recovered. Expenditure has been allocated to a particular activity where costs relate directly to that activity. Where it is necessary to allocate costs between activities, the trustees use their best judgement and estimates to fairly allocate the costs.

Expenditure on raising funds comprises fund-raising costs incurred in seeking voluntary contributions, shop expenses and investment management advice.

Expenditure on charitable activities comprises those costs incurred by the charitable company in the delivery of its activities and services for its beneficiaries. It includes both costs that can by allocated directly to such activities and those costs of an indirect nature necessary to support them.

Page 18

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Fixed assets are stated at cost. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful economic life:

Freehold buildings - 2% Straight line Fixtures, fittings and equipment - 20% Straight line Motor vehicles - 20% Straight line

No depreciation is charged on freehold land. The charity capitalisation threshold for tangible fixed assets is £500.

Investments

All investments (other than investments in subsidiaries) are forms of basic financial instrument and are stated at market value at the balance sheet date. All gains and losses are reflected through the Statement of Financial Activities. Investments in subsidiaries are included at cost and the Trustees review the carrying value annually for indications of impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Donated items for resale are not included in the financial statements until they are sold.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objective at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charitable company. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Pension cost and other post-retirement benefits

The charitable company operates two defined contribution schemes. The charitable company also makes contributions to the NHS Pension Scheme which is an unfunded defined benefit scheme. The charitable company is unable to identify its share of the underlying assets and liabilities of the NHS scheme and therefore the scheme is accounted for as if it was a defined contribution scheme. Contributions payable to all schemes are charged to the Statement of Financial Activities in the period to which they relate.

Subsidiaries

The charitable company has two wholly owned subsidiaries, Scarborough Hospice Sales Limited and Saint Catherine's Hospice Lottery Limited, both of which are incorporated in England. Both companies are obliged under their constitutions to apply their profits towards the promotion and carrying out of the objects of the charitable company. A summary of the trading results of both subsidiaries in contained in the notes to the financial statements. These financial statements consolidate the results of the charitable company and both subsidiaries.

Page 19

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

1. ACCOUNTING POLICIES - continued

Taxation

The charitable company is exempt from tax on its charitable activities.

Group financial statements

The financial statements consolidate the results of charity and its wholly owned subsidiaries on a line by line basis. A separate Statement of Financial Activities, including the income and expenditure account, for the charity itself is not presented because the charity has taken advantage of the exemptions offered by section 408 of the Companies Act 2006. The summary financial performance of the charity alone is disclosed in note 13 of the financial statements.

Volunteers

No amounts are included in the financial statements for services donated by volunteers.

Operating leases

Operating lease rentals are included in the Statement of Financial Activities in the period to which they relate.

Financial instruments

The charitable company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors, other debtors and creditors. Debt instruments that are payable or receivable within one year, are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Going concern

The charitable company meets its daily working capital requirements from its bank accounts, which at 31 March 2025 were in excess of £2,900,000. The charitable company relies upon funding from voluntary donations, legacies and funding from clinical commissioning groups, which all contain a degree of uncertainty. However, the charitable company has a favourable fundraising history and given the level of free reserves at the year end, the Trustees consider that the charitable company has sufficient resources to continue in existence for the foreseeable future. Consequently the financial statements have been prepared on a going concern basis.

Judgements and key sources of estimation uncertainty

In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies

The trustees do not consider that there are any significant judgements which have had to be made in preparing these financial statements.

Critical accounting estimates and assumptions

The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful lives and residual values of the assets. The assumptions used regarding useful economic lives and residual values are assessed annually. They are amended when necessary to reflect current estimates based on market conditions and physical conditions of the assets.

Legacies are recognised as income when probate has been granted, the charitable company has established that it is entitled to the funds and the charity has sufficient information with which to estimate reliably the amount receivable.

Page 20

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

2. LEGAL STATUS OF THE CHARITY

The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

3.
NET INCOME
Net income is stated after charging/(crediting):
Operating lease rentals - Land, buildings and equipment
Depreciation of tangible fixed assets
Profit/(loss) on disposal of fixed assets
4.
INCOME FROM INVESTMENTS
Bank interest
Dividends
Rental income
5.
ANALYSIS OF EXPENDITURE
Direct costs
£
Costs of raising funds
Donations and legacies
194,469
Other trading activities
1,206,014
Lottery and prize draws
200,798
33,398
Charitable activities
Inpatient unit
2,570,326
Clinics & therapy
381,816
Community Care
544,851
Bereavement support services
61,260
Education
27,337
5,220,269		 Support costs
(note 6)
£
65,220
227,386
-
11,201
862,029
128,052
105,027
20,546
9,167
1,428,628		 2025
£
204,966
214,656
118,395
2025
£
31,974
128,713
5,425
166,112
2025
£
259,689
1,433,400
200,798
44,599
3,432,355
509,868
649,878
81,806
36,504
6,648,897		 2024
£
156,267
185,926
204
2024
£
17,338
132,426
6,415
156,179
2024
restated
£
345,988
1,123,722
200,141
27,665
3,025,910
469,846
910,941
119,596
33,836
6,257,645

Following a revision to the allocation of costs between charitable activities in the year ended 31 March 2024, the comparative analysis above has been restated. This revision has had no effect on the charity's total expenditure for the year ended 31 March 2024.

Page 21

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

6. ANALYSIS OF SUPPORT COSTS

ANALYSIS OF SUPPORT COSTS
Salaries
Premises
Consumables
Maintenance
Professional fees
Depreciation
Training
Governance
Transport
Sundry expenses
Total support costs		 2025
£
514,200
152,170
171,853
31,337
184,633
188,897
29,341
134,857
12,209
9,131
1,428,628		 2024
£
514,096
121,613
148,693
54,587
114,397
160,139
17,978
67,306
8,617
5,308
1,212,734

All support costs and governance costs are apportioned between the various activities in accordance with the levels of the direct costs. This method of apportionment represents a reasonable approximation of the usage of support costs and governance cost by each activity.

Allocated to:
Expenditure on raising funds (note 5):
Costs of generating donations and legacies
Other trading activities
Investments
Expenditure on charitable activities (note 5):
Clinics & therapy
Community care
Bereavement support services
Education		 £
65,220
227,386
11,201
862,029
128,052
105,027
20,546
9,167
1,428,628		 £
79,065
160,170
6,322
666,854
93,759
133,269
69,813
3,482
1,212,734

7. PENSION COSTS

The trust operates two defined contribution pension schemes, the assets of which are held separately from those of the trust in independently administered funds. In addition, the trust also makes contributions to the NHS Pension Scheme, which is an unfunded defined benefit scheme. As the trust is unable to identify its share of the underlying assets and liabilities of the NHS Pension Scheme, this is also accounted for as a defined contribution scheme. Each member of the scheme pays a common contribution rate as set by the Government. The pension costs charge for the year represents contributions payable by the trust to the schemes.

Page 22

Saint Catherine's Hospice Trust

,

Notes to the financial statements for the year ended 31 March 2025

7.
PENSION COSTS - continued
Defined contribution schemes
NHS Pension Scheme		 2025
£
91,649
158,086
249,735		 2024
£
96,477
153,602
250,079

Pension contributions amounting to £15,148 (2024 - £14,638) were payable to defined contribution schemes and £18,751 (2024 - £22,670) were payable to the NHS Pension Scheme at the year end. These amounts are included in creditors.

8. STAFF COSTS AND NUMBERS

STAFF COSTS AND NUMBERS
Wages and salaries
Social Security costs
Pension costs		 2025
£
4,025,521
367,241
249,089
4,641,850		 2024
£
4,014,767
358,845
249,666
4,623,278

The trustees do not receive any emoluments and are not reimbursed for any expenses incurred. The key management personnel of the trust and the group is the Executive Team, which comprises the Chief Executive, the Finance Director, the Medical Director, Clinical and Quality and Safety Lead and the Clinical Services Director. The total employee benefits of the key management personnel was £378,865 (2024 - £422,168).

The total amount of termination payments recognised as expenditure in the Consolidated Statement of Financial Activities for the year was £32,129 (2024 - £24,015). These relate to redundancy payments, payments in lieu of notice and ex-gratia payments.

The number of employees whose total employee benefits, excluding pension contributions, were over £60,000, were as follows:

£60,000 to £70,000
£70,000 to £80,000
£80,000 to £90,000
£90,000 to £100,000
£100,000 to £110,000
The average monthly head count of employees, analysed by function, was:
Patient care
Ancillary staff
Shop staff
Administrative staff		 2025
No.
2
2
1
-
-
90
29
27
10
156		 2024
No.
2
1
1
1
1
94
28
29
23
174

Page 23

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

9. CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES PRIOR YEAR COMPARATIVES FOR THE YEAR ENDED 31 MARCH 2024

Income and endowments from:
Donations and legacies
Legacies
Donations
General trusts and foundations
Fundraising donations and sponsorship
Charitable activities
Funding from Clinical Commissioning Groups
Education course income
Other trading activities
Fundraising events
Charity shops and sales of other goods
Catering
Room hire
Support services
Lottery and prize draws
Investments
Gain on disposal of fixed assets
Total Income
Expenditure on:
Raising funds
Donations and legacies
Other trading activities
Lottery and prize draws
Investment manager's costs
Charitable activities
Total Expenditure
Net gains on investments
Net Expenditure
Total funds brought forward
Total funds carried forward
Net income/(expenditure) before other
recognised gains		 Unrestricted
funds
£
937,845
358,596
69,257
197,989
1,653,437
12,276
123,702
1,192,581
26,487
690
14,865
328,290
156,179
204
5,072,398
345,988
1,123,722
200,141
27,665
3,962,878
5,660,394
(587,996)
270,500
(317,496)
11,601,512
11,284,016		 Restricted
funds
£
1,065
19,827
31,491
-
536,062
-
-
-
-
-
-
-
-
-
588,445
-
-
-
-
597,251
597,251
(8,806)
-
(8,806)
132,261
123,455		 Total funds
2024
£
938,910
378,423
100,748
197,989
2,189,499
12,276
123,702
1,192,581
26,487
690
14,865
328,290
156,179
204
5,660,843
345,988
1,123,722
200,141
27,665
4,560,129
6,257,645
(596,802)
270,500
(326,302)
11,733,773
11,407,471

Page 24

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

10. OPERATING LEASES

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Within two to five years
Over five years
11.
TANGIBLE FIXED ASSETS - GROUP
Cost
As at 1 April 2024
Additions
Disposals
As at 31 March 2025
Depreciation
As at 1 April 2024
Charge for the year
Eliminated on disposal
As at 31 March 2025
Net book value
As at 31 March 2025
As at 1 April 2024		 2025
2024
£
£
69,892
98,929
61,811
40,019
-
-
131,703
138,948
Freehold
Fixtures,
land &
fittings &
buildings
equipment
£
£
7,921,296
850,126
155,585
116,946
(94,168)
(4,699)
7,982,713
962,373
3,435,882
654,469
148,408
43,523
(57,604)
(4,699)
3,526,686
693,293
4,456,027
269,080
4,485,414
195,657
Group		 2025
2024
£
£
69,892
98,929
61,811
40,019
-
-
131,703
138,948
Motor
vehicles
Total
£
£
304,293
9,075,715
-
272,531
(9,000)
(107,867)
295,293
9,240,379
77,043
4,167,394
22,725
214,656
(9,000)
(71,303)
90,768
4,310,747
204,525
4,929,632
227,250
4,908,321
Charity		 2025
2024
£
£
69,892
98,929
61,811
40,019
-
-
131,703
138,948
Motor
vehicles
Total
£
£
304,293
9,075,715
-
272,531
(9,000)
(107,867)
295,293
9,240,379
77,043
4,167,394
22,725
214,656
(9,000)
(71,303)
90,768
4,310,747
204,525
4,929,632
227,250
4,908,321
Charity
138,948
Total
£
9,075,715
272,531
(107,867)
9,240,379
4,167,394
214,656
(71,303)
4,310,747
4,929,632
4,908,321

Page 25

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

11.
TANGIBLE FIXED ASSETS - CHARITY
Freehold
land &
buildings
Cost
£
As at 1 April 2024
7,921,296
Additions
155,585
Disposals
(94,168)
As at 31 March 2025
7,982,713
Depreciation
As at 1 April 2024
3,435,882
Charge for the year
148,408
Eliminated on disposal
(57,604)
As at 31 March 2025
3,526,686
Net book value
As at 31 March 2025
4,456,027
As at 1 April 2024
4,485,414
12.
FIXED ASSET INVESTMENTS - GROUP AND CHARITY
Listed investments
Valuation at 1 April 2024
Additions
Revaluation surplus/(deficit)
Valuation at 31 March 2025
Secured property asset
Valuation at 1 April 2024 and 31 March 2025
Total group investments
Equity investments in subsidiaries
At 31 March 2024 and 31 March 2025
Total charity investments
Original cost of investments stated at valuation		 Fixtures,
fittings &
equipment
£
847,629
116,946
(4,699)
959,876
652,730
43,386
(4,699)
691,417
268,459
194,899		 Motor
vehicles
£
304,293
-
(9,000)
295,293
77,043
22,725
(9,000)
90,768
204,525
227,250
2025
£
4,864,038
983,807
(1,035,963)
43,749
4,855,631
80,000
4,935,631
7
4,935,638
4,024,278		 Total
£
9,073,218
272,531
(107,867)
9,237,882
4,165,655
214,519
(71,303)
4,308,871
4,929,011
4,907,563
2024
£
4,115,364
1,514,292
(1,059,120)
293,502
4,864,038
80,000
4,944,038
7
4,944,045
4,076,434

The secured property asset represents a 50% beneficial interest in a freehold property, which was donated to the charitable company in earlier years and is included in the financial statements at its estimated value, based on the open market value of the underlying property. The open market value of the underlying property has been estimated by the Trustees by reference to the similar properties in the immediate vicinity. The charitable company is unable to realise this investment without the agreement of the other beneficial owners. Changes in the estimated value of the secured property asset are included in the Statement of Financial Activities.

Page 26

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

12. FIXED ASSET INVESTMENTS - GROUP AND CHARITY - continued

The investment in subsidiary undertakings comprises 100% of the issued share of Scarborough Hospice Sales Limited and Saint Catherine's Hospice Lottery Limited. Summaries of the results of the subsidiaries are as follows:

Scarborough Hospice Sales Limited (Company number: 02053320)
Turnover
Cost of sales
Gross profit
Operating expenses
Profit on ordinary activities
Interest payable and similar expenses
Amount gift aided to the charity
Retained in subsidiary
Assets
Liabilities
Net assets
Capital
Reserves
Saint Catherine's Hospice Lottery Limited (Company Number: 03580724)
Turnover
Cost of sales
Gross profit
Operating expenses
Profit on ordinary activities
Amount gift aided to the charity
Retained in subsidiary
Assets
Liabilities
Net assets
Represented by:
Capital
Reserves		 2025
£
41,766
(16,104)
25,662
(10,287)
15,375
-
(15,375)
-
12,655
(11,649)
1,006
6
1,000
1,006
2025
£
316,758
(130,810)
185,948
(69,988)
115,960
(115,960)
-
127,193
(126,182)
1,011
1
1,010
1,011		 2024
£
45,083
(19,608)
25,475
(9,296)
16,179
-
(16,179)
-
17,255
(16,249)
1,006
6
1,000
1,006
2024
£
328,290
(130,360)
197,930
(69,781)
128,149
(128,149)
-
91,144
(90,133)
1,011
1
1,010
1,011

Scarborough Hospice Sales Limited undertakes the sale of new goods, calendars and greetings cards. Saint Catherine's Hospice Lottery Limited undertakes the operation of the lottery and prize draws. The registered office of both subsidiaries is Saint Catherine's Hospice, Throxenby Lane, Scarborough, North Yorkshire, YO12 5RE.

Page 27

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

13. FINANCIAL PERFORMANCE OF THE CHARITY

The summary financial performance of the charity alone is as follows:

The summary financial performance of the charity alone is as follows:
Total Income
Total Expenditure
Net gains on investments
Net income/(expenditure)
Total funds brought forward
Represented by:
Restricted funds
Unrestricted funds		 2025
£
8,524,572
(6,421,708)
50,676
2,153,540
11,405,454
13,558,994
141,490
13,417,504
13,558,994		 2024
£
5,431,798
(6,028,600)
270,500
(326,302)
11,731,756
11,405,454
123,455
11,281,999
11,405,454

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Amounts owed by group undertakings
Prepayments
Accrued income		 2025
2024
£
£
562,263
70,463
-
-
79,863
70,288
74,321
85,588
910,867
565,317
1,627,314
791,656
Group		 2025
2024
£
£
558,799
70,463
69,434
42,328
79,863
70,288
74,321
85,588
910,867
565,317
1,693,284
833,984
Charity		 2025
2024
£
£
558,799
70,463
69,434
42,328
79,863
70,288
74,321
85,588
910,867
565,317
1,693,284
833,984
Charity
833,984

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Taxation and social security
Other creditors
Accruals
Deferred income
Deferred income
Balance brought forward
Amount released to the SOFA
Amount deferred in the year		 2025
2024
£
£
247,969
98,929
87,705
85,058
83,575
69,167
106,480
156,069
502,714
83,190
1,028,443
492,413
83,190
175,777
(83,190)
(175,777)
502,714
83,190
502,714
83,190
Group		 2025
2024
£
£
243,497
93,308
86,960
83,629
20,407
15,246
106,480
156,069
502,714
83,190
960,058
431,442
83,190
175,777
(83,190)
(175,777)
502,714
83,190
502,714
83,190
Charity		 2025
2024
£
£
243,497
93,308
86,960
83,629
20,407
15,246
106,480
156,069
502,714
83,190
960,058
431,442
83,190
175,777
(83,190)
(175,777)
502,714
83,190
502,714
83,190
Charity
431,442
175,777
(175,777)
83,190
83,190

Page 28

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

16 STATEMENT OF FUNDS

Group unrestricted funds
General fund
Community project fund
Sustainable energy fund
Charity unrestricted funds
General fund
Community project fund
Sustainable energy fund
Contract income
Legacies income
Trusts and foundation income
Donations income
Group total funds
Charity total funds		 At 1 April
2024
£
10,284,016
500,000
500,000
11,284,016
10,281,999
500,000
500,000
11,281,999
9,600
57,819
48,652
7,384
123,455
11,407,471
11,405,454		 Net
movement in
funds
£
2,162,977
(22,726)
(4,745)
2,135,506
2,162,976
(22,726)
(4,745)
2,135,505
4,257
(10,024)
25,451
(1,649)
18,035
2,153,541
2,153,540		 At 31 March
2025
£
12,446,993
477,274
495,255
13,419,522
12,444,975
477,274
495,255
13,417,504
13,857
47,795
74,103
5,735
141,490
13,561,012
13,558,994

The net movement in funds, included in the above are as follows:

Group unrestricted funds
General fund
Community project fund
Sustainable energy fund
Charity unrestricted funds
General fund
Community project fund
Sustainable energy fund		 Income
£
8,071,341
-
-
8,071,341
7,844,151
-
-
7,844,151		 Expenditure
£
(6,064,782)
(22,726)
(4,745)
(6,092,253)
-
(5,837,593)
(22,726)
(4,745)
(5,865,064)		 Investment
Gains/(Losses)
£
50,676
-
-
50,676
50,676
-
-
50,676		 Designation/
Transfers
£
105,742
-
-
105,742
-
105,742
-
-
105,742		 Net
movement in
funds
£
2,162,977
(22,726)
(4,745)
2,135,506
2,162,976
(22,726)
(4,745)
2,135,505

Page 29

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

16. STATEMENT OF FUNDS - continued

STATEMENT OF FUNDS - continued
Income
£
Group and Charity restricted funds
Contract income
523,479
Legacies income
-
50,950
Grants
105,742
Donations income
250
680,421
Group total funds
8,751,762
Charity total funds
8,524,572
Trusts and foundation
income		 Expenditure
£
(519,222)
(10,024)
(25,499)
-
(1,899)
(556,644)
(6,648,897)
(6,421,708)		 Investment
Gains/(Losses)
£
-
-
-
-
-
-
50,676
50,676		 Transfers
£
-
-
-
(105,742)
-
(105,742)
-
-		 Net
movement in
funds
£
4,257
(10,024)
-
25,451
-
(1,649)
18,035
2,153,541
2,153,540

Unrestricted funds

The general fund represents the free reserves of the charity that are not designated or restricted for a particular purpose.

The Trustees have designated £500,000 of the charity's investment fund, as a community project fund, to be used to purchase two specialised vehicles to assist with the provision of peripatetic services across the region. During the year ended 2024, the charity purchased the two vehicles at a cost of £227,237. The depreciation charged on these vehicles has been charged to this fund.

Restricted funds

The restricted funds represent monies received for specific purposes, as follows:

The restricted contract income received in the year included £147,522 for the End of Life Beds project, £295,082 for the Fast Track Home Care project, £75,875 for Lymphoedema services and £5,000 for the Humber and North Yorkshire Research Engagement Network (REN) programme.

The restricted trusts and foundation income includes £5,000 from the David Lister Charitable Trust and £15,000 from the Charlie and Elsie Sykes Trust to be spent on a new bed in the inpatient unit, £11,000 from the Blue Light Foundation towards staff and volunteer wellbeing, £2,500 from Ryedale District Council to be used on the provision of services in the Ryedale area, £1,000 from Hospice UK towards the staff and volunteer's christmas party, £5,450 from the Rayne Charitable Trust towards the provision of Lymphodema care, £10,000 from the Joseph and Annie Cattle Trust towards the Wellbeing Centre and £1,000 from North Yorkshire County Council to be spent on children's counselling.

The restricted donation income received in the year included £250 to be spent on equipment.

The restricted grant income relates to Hospice UK Capital Funding provided for investment in capital fixed assets. The funds were expended during the year ended 31 March 2025 and there is no ongoing restriction. Consequently, a funds transfer of £105,742 has been made from restricted funds into unrestricted funds.

Page 30

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

16. STATEMENT OF FUNDS - continued Restricted funds

Included in restricted funds held at 31 March 2025 is £85,342 in respect of the future depreciation of capital equipment purchased using restricted funds, together with £13,856 in respect of the Humber and North Yorkshire Research Engagement Network (REN) programme, £7,129 to be spent on a humanitarian project, £10,000 to be spent on the Wellbeing Centre, £1,000 to be spent on children's counselling, £4,024 to be spent on equipment, £2,000 to be spent on Royal Navy Veterans, £11,030 to be spent on staff and volunteer wellbeing, £6,750 to be spent assisting dementia patients in the Inpatient Unit and sundry other funds totalling £359.

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

As at 31 March 2025
Group
Restricted funds
Unrestricted funds:
General
Community project fund
Sustainable energy fund
Charity
Restricted funds
Unrestricted funds:
General
Sustainable energy fund
As at 31 March 2024
Group
Restricted funds
Unrestricted funds:
General
Community project fund
Sustainable energy fund
Charity
Restricted funds
Unrestricted funds:
General
Community project fund
Sustainable energy fund		 Tangible
fixed
assets
£
85,342
4,517,963
204,530
121,797
4,929,632
£
85,342
4,517,342
204,530
121,797
4,929,011
Tangible
fixed
assets
£
61,374
4,518,476
227,237
101,234
4,908,321
£
61,374
4,517,718
227,237
101,234
4,907,563		 Investments
£
-
4,935,631
-
-
4,935,631
£
-
4,935,638
-
-
4,935,638
Investments
£
-
4,944,038
-
-
4,944,038
£
-
4,944,045
-
-
4,944,045		 Net
current
assets
£
56,148
2,993,399
272,744
373,458
3,695,749
£
56,148
2,991,995
272,744
373,458
3,694,345
Net
current
assets
£
62,081
821,502
272,763
398,766
1,555,112
£
62,081
820,236
272,763
398,766
1,553,846		 Total
£
141,490
12,446,993
477,274
495,255
13,561,012
£
141,490
-
12,444,975
477,274
495,255
13,558,994
Total
£
123,455
10,284,016
500,000
500,000
11,407,471
£
123,455
10,281,999
500,000
500,000
11,405,454

Page 31

Saint Catherine's Hospice Trust

Notes to the financial statements for the year ended 31 March 2025

18. RELATED PARTY TRANSACTIONS

The total amount of donations received without conditions from the Trustees, the Executive Team and their families was £7,576 (2024 - £22,657).

During the year the charity purchased goods and services totalling £54,562 (2024 - £41,357) from Phoenix Software Limited, a company in which one of the Trustees is a director.

AUDITORS' REMUNERATION
Audit fees
Accountancy		 2025
2024
£
£
14,350
13,690
6,030
5,700
20,380
19,390
Group		 2025
2024
£
£
9,250
8,825
4,000
3,800
13,250
12,625
Charity		 2025
2024
£
£
9,250
8,825
4,000
3,800
13,250
12,625
Charity
12,625

19. AUDITORS' REMUNERATION

FINANCIAL ASSETS AND LIABILITIES
Financial assets measured at fair value
Financial assets measured at amortised cost
Carrying value of financial liabilities
Financial liabilities measured at amortised cost		 2025
2024
£
£
4,935,631
4,944,038
642,126
140,751
419,249
253,154
Group		 2025
2024
£
£
4,935,631
4,944,038
642,126
140,751
419,249
253,154
Group
253,154

20. FINANCIAL ASSETS AND LIABILITIES

Financial assets measured at fair value comprise investments held at market value.

Financial liabilities measured at amortised cost comprise trade creditors and other creditors.

21. CONTINGENT ASSETS

At 31 March 2025, the charity had been notified of 17 legacies (2024 - 19) with an estimated value in the region of £715,206 (2024 - £818,000) which have not been recognised in the financial statements as they failed to meet one or more of the income recognition criteria.

The charity has also been notified of 13 (2024 - 6) further legacies, the value of which is uncertain due to insufficient information being available. At the date of approval of the financial statements, no further information has been received and consequently these legacies have not been recognised in the financial statements.

22. CAPITAL COMMITMENTS

CAPITAL COMMITMENTS
2025 2024
£ £
Contracted but not provided for in the financial statements 193,842 -

Page 32

Saint Catherine's Hospice Trust

Charity Statement of Financial Activities for the year ended 31 March 2025

Income and endowments from:
Donations and legacies
Legacies
Donations
General trusts and foundations
Fundraising donations and sponsorship
Charitable activities
Funding from Integrated Care Boards
Education course income
Grants received
Other trading activities
Fundraising events
Charity shops
Catering
Room hire
Support Services
Scarborough Hospice Sales Limited
Saint Catherine's Hospice Lottery Limited
Investments
Other income
Gains on disposal of fixed assets
Total Income
Expenditure on:
Raising funds
Donations and legacies
Other trading activities
Investment manager's costs
Charitable activities
Total Expenditure
Transfers
Net gains on investments
Total funds brought forward
Total funds carried forward
Net income/(expenditure) before other
recognised gains
Net income/(expenditure) and net movement in
funds		 Unrestricted
funds
£
3,695,171
338,318
72,520
217,259
1,665,697
21,463
-
120,068
1,133,084
144,641
2,043
18,046
15,374
115,960
166,112
118,395
7,844,151
259,689
1,407,009
44,599
4,153,767
5,865,064
1,979,087
105,742
50,676
2,135,505
11,281,999
13,417,504		 Restricted
funds
£
-
250
50,950
-
523,479
-
105,742
-
-
-
-
-
-
-
-
-
680,421
-
-
-
556,644
556,644
123,777
(105,742)
-
18,035
123,455
141,490		 Total funds
2025
£
3,695,171
338,568
123,470
217,259
-
2,189,176
21,463
105,742
120,068
1,133,084
144,641
2,043
18,046
15,374
115,960
166,112
118,395
8,524,572
259,689
1,407,009
44,599
4,710,411
6,421,708
2,102,864
-
50,676
2,153,540
11,405,454
13,558,994		 Total funds
2024
£
938,910
378,423
100,748
197,989
-
2,189,499
12,276
-
123,702
1,147,498
26,487
690
14,865
16,179
128,149
156,179
204
5,431,798
345,988
1,094,818
27,665
4,560,129
6,028,600
(596,802)
-
270,500
(326,302)
11,731,756
11,405,454

This page does not form part of the statutory financial statements

Page 33

Saint Catherine's Hospice Trust

Non- Statutory notes to the consolidated financial statements for the year ended 31 March 2025

ANALYSIS OF EXPENDITURE
Costs of generating donations and legacies
Salaries
Transport
Publicity
Consumables
Maintenance
Sundry expenses
Support costs (note 6)
Other trading activities
Salaries
Transport
Premises
Consumables
Maintenance
Sundry expenses
Professional fees
Depreciation
Support costs (note 6)
Scarborough Hospice Sales Limited expenses
Lottery and prize draws
Saint Catherine's Hospice Lottery Limited expenses
Investment management costs
Fund managers' fees
Support costs (note 6)
Charitable activities
Inpatient unit
Salaries
Temporary and external labour
Transport
Premises
Consumables
Maintenance
Sundry expenses
Professional fees
Depreciation
Support costs (note 6)		 2025
£
154,123
1,305
30,677
1,884
198
6,282
65,220
259,689
695,899
26,121
240,108
91,827
27,761
32,738
57,720
7,449
227,386
1,407,009
26,391
1,433,400
200,798
33,398
11,201
44,599
2,259,620
47,642
1,362
4,233
190,093
48,039
3,140
2,429
13,768
862,029
3,432,355		 2024
restated
£
184,188
2,795
73,062
2,081
80
4,717
79,065
345,988
556,983
19,083
231,331
55,849
31,687
16,219
16,047
7,449
160,170
1,094,818
28,904
1,123,722
200,141
21,343
6,322
27,665
2,120,384
3,379
2,330
8,249
146,993
35,020
2,855
1,522
13,768
691,410
3,025,910

This page does not form part of the statutory financial statements

Page 34

Saint Catherine's Hospice Trust

Non- Statutory notes to the consolidated financial statements for the year ended 31 March 2025

ANALYSIS OF EXPENDITURE - continued
Charitable activities - continued
Clinics & therapy
Salaries & external labour
Transport
Premises
Consumables
Maintenance
Sundry expenses
Professional fees
Depreciation
Support costs (note 6)
Community care
Salaries & external labour
Transport
Consumables
Professional fees
Support costs (note 6)
Bereavement support services
Salaries & external labour
Sundry expenses
Support costs (note 6)
Education
Salaries & external labour
Training
Consumables
Maintenance
Sundry expenses
Support costs (note 6)
Total expenditure		 2025
£
330,437
1,508
1,814
36,210
3,921
3,335
186
4,405
128,052
509,868
509,912
31,420
2,775
744
105,027
649,878
61,155
105
20,546
81,806
14,027
5,336
6,385
996
593
9,167
36,504
6,648,897		 2024
restated
£
305,461
960
3,535
39,396
6,034
2,333
304
4,405
107,418
469,846
762,228
11,215
3,012
1,217
133,269
910,941
92,062
192
27,342
119,596
14,344
5,098
5,721
398
539
7,736
33,836
6,257,645

This page does not form part of the statutory financial statements

Page 35