Registered numbèr.. 01632714 Charity number.. 284894 Wlsdom Hosplce Charlty (Formerly known as The Friends of the Wisdom Hospice) IA company Ilmited by guarantee) Trustees. Report and Financial Statements For the Year Ended 31 March 2024 IWFTINC" 1011012024 ¢cPANIEs H¢XISE A7 310
Wisdom Hospice Charlty IFornwty Ilnown as The Friends ofth• ¥wd0M Hospr¢el IA company IlmSted by guarantee} Contents Page Reference anql adminislrative delails of the Charity. its TnBtees and adviseT5 Tru5te•s' report lttdependent audittsrfs r•port on th¢ finantial stattrrmnts Consolidated statem•nl of flnanclal acti¥ilies 3-10 12-16 17 Consolldatèd balaftc• sheet 18 Chaiity b#lance sh•et Consolldat•d statement of Cash flows 19 20 14otes to Ihe financial statemènts 21-41
W15dorn Hospi¢e Charity IFomi•rly known as The Fiients of the W15dom Hospk¢ Limited) IA Gompany 1Srnlted by guarantee) Rafernnc• and administfative detalls of the Chavity, Its Trustees and •dvlse For Ihe yèar ended 31 March 2024 Trusi•es Mr R Harris Mrs S Fairbrace Mrs M Barker Mrs J Oliver Mr R Coleman M5 J Murie Mr$ V Webster MrA Giay Mrs 8 Fisher IAppe4nted 15 November 2023. Reswned 18 Y 20241 HoDoTary Vi¢¢.Presld*nts Mi58 B Taylor MrJMon Mrs T Sillars Mr R Colem¥n Mr J Wootten Mr D Turner Chlef Exe¢utl¥e Mr M Reev•$ Senlor M•n•y•m•nt T•am MSJBU Mr J Hale-Brown Finanaal Controller Heat1 of Irne Gerwal Cornp¥ny veglstèred nwmber 01632714 charfty r•gist•r•d number 284894 R•glster•d offic• High Rochester Keni, MEI 2NU
Wvddom H05PiC• Ch•rbty IFomrfy known as The FrioThds of Ih• Wlsdorn Hospl¢e Llm#•dl IA compatty limlw by guarant•el Ref•r8nce and administrativ dÈtsiL% of th* Charfty. Its Tntslees and odvi5ers For the year ended J1 March 2024 IndepEnd¢nt auditor UHY Haer Young Thames House Rom8n Square SlttthgbwmE Kent, ME70 48J Bankers Naiwest 148 Street Chatham Kern. ME4 4DB" LIDyd$ Bènk 142-148 Street Chatham Kent. ME4 40Q 8011¢r5 GullarKY$ Sohcrtors 76 Mill sire Mallstone Kent. ME15 6XT
Wlsdom Hospl¢e Charlty IForm•rty known as The Frfends oflhe W¢M Hospke Llmltedl IA company Ilmlted by guarnnteel Trustees, report For the year ended 31 March 2024 The Trustee5 (who are also Ihe directors of the charitable ccpanY lor thè purposes ol the Companie5 Act 20061 piesent their annual reporttogetharwrth the aUdId financial statements of the group and the charitable eompany for the year to 31 Plarch 2024. The Trustees confimi that the annual lert and financial statements of thè tharilable company cOmY with lh¢ wrrenl slaithory requirements, the rewtremernt$ ofthe charitable company, governing document and the proviwons of the Statemenl of Recommendèd Prath"¢e ISORPI. apltb to charities preparing thwr aceounls in a¢¢¢ydance with the Frnanrial Reporting Stsndard applicable in the UK and RÈpublic ol Ir81an& (FRS 102) (Charilies SORP IFRS 102){secor)d editK)n - Oclober 20191} STRUCTURE. GOVERNANCE AMD MANAGEMENT Constitutoon The ChilY is registered as a thoritsbl8 company Ibmited by guarantee. The ¢harrtable company is constrtuled uHler a Memorandum of Ass(Ki daled 22 February 1982 and is a rèw'stered tharity. number 284894. In Ihe eveni of the tharitaNe company being Iwund up. members are iequire(I lo ntrIbute an amourt not exceeding £5. There have been no charwJes to Il oblecls of Ihg charilabla cM)pany since the lo$1 annual repwl. The charitable company has LYE ytsrfiary urKlertaking. lfyls(k7m Hosp Suppryt. vkni¢h 15 a separate registered charity. M•thod of appolntment or eltclitsn ol Truste•s The group ha5 ensured th81 Ihe trustee body is ¢¢)nstrtuted in a¢¢oidance wth the goveming document. The directors of the charitable cL¥npany are also chanly Irustee5 lor th8 pur5x)ses of charity law and undÈi the charitable company's Articles of As$0¢ialion arè knn as membèrs of the Council ol Management (Btsard ol Trusieesl. At e3ch Annual General Meeling one thir¢J ol the direc[$ musi relire fiom olf. Those to relire by rotation are those who have been lry¥Jesl in oifKe since their la$1 akwtlntment. At Ihe torthccfftin9 Ann Gereral Meelry. in accordance wilh the Art$ olAssocialion. bArs M Barkw ?nd Mr R Coleman retire by rotstKJn and being eligible. offer Ilmsdves for re-elecion. At the end of March 2024, the number ol cvrrent directors was nine. Duriry the year Ms J Muffle was appointed lo the Board on the 15 Novembei 2023. 11 15 nol p056ibk to have ie5S than five or more than frfteen mernbers of Ihe Board ol Trustees. ALtlhority lo apwnt new directors ie5ts with the charitable company the 1CtorS may also appoinl a person wlw is willing lo be a direclor, in the recwits.on that tt)* 0pkw)intnt wwld be approved by the members al iheir next Annual General Meeting. The Trustees have taken Care lo Ihat the has the •Pkvopriate S"115 aThJ krttredge to conduct business ol the gfDUP. As well as general business skills. the nature ol the wcrt they (So requires tha1 Trustèès are able to bring wrth them e¥perierKe and kncM9e in many areas includirvJ finance aThJ accountanry. HR and èm0yrneTrt law. All Truslees have a common inierest in womotin9 the needs ol the Wisdom Hospice. I members oflhe Council of Management gve they lime voluntarty and receNe no benefits tr¢)m Ihe 9roup. There no expenses ¢jame from the ¢hartsble company during Ihe ye8r. Page 3
Vll6dpm Hospk Charhy IFtsmwrty kthown a5 Th• ofth¢ Wls
Wlsdom Hosplce Charlty {Formety known as The Frfends ofthe Wtsdom Hosplce LknOEed) (A company Ilmlled by guarnntee) Trustee5' r¢port For the ye•r ended 31 Phfch 2024 Risk man•o¢rnnt The Trustees have &essed the major risks lo whh the gic¥Jp is exposed. in particular Ih)se relaled to Ihe operatKy)s and finarKs of the gro. This involved identffication of types of risk the group fgces and prioritising Ihem interms of wtentl IMpt and likelthwj ofc¢cjjrrer an(1 identi"n9 and tracking the Progress ol measures to manage them. The on90ing risks aOale¢ wth the aftem)alh of COVltk19 Pandem were considered as pal of the 8s5essment as ¥re the risks ated lo Ihe ongthng C05101 Living Crisis. The principal risks identffj we". Risk idenllfied Ability to build su518n•t and weditable income to meet funding demand8 and ÈnsLWè Img term SUSt8inabilrty. Particularty in an era when there i8 ccthpet'tion for donalKY)s (luMrfJ the period of the cost ol living CTISIS. Strnte to mltl ate rtsk EslablishirrfJ a prudent and sustainable txpd1tUre plan to maintain res•The$ 81 sufflent levels lo rna1nta solvency. The Board ho$ contsnLd to ¢onyder ts risks that the thariy is eywsed lo matrinIng an vp.lTrdate Risk Regisler whi¢h will be regurtY revwed to ensuie risks are rnaged effectNdy. OBJECTIVES AND ACTivmES Pollcles and objectlves The groups purposes are Set r¥Jt in Ihe'objects. clause corta.ned in the charrtable cornpaTby'5 Memorandum ol Assooation. The prinripal ob]"ect ol th¢ group is lo pronw)tè the rel ol suflering and treatment of illne$s. The aim ol Ihe gloup is to mainlain an anrKwl giant to Med¥Ay Cc¥nmunrty Healthcare lo not only ensure that Ihe current seryi¢es are mainlained trArt. wl)ere pts$$b. lo ContirMIty improve upon these ser$. The group's main obiedive and focus lortsirwtyk aLn9 the 2023124 fin81 yearvrns io continue to prornote and support The Wsdom HosF4Ce. The Trustees C0M1 thal Ihey have refwred lo Ihe gwdw)¢e contarned in the Chwty Commsssgon's 9erJeral gul¢Jate on Ihe public berrt wn iwewng the ¢hawilable ¢ompany's ams and 0tr4'eclwes in the planning ol future aclivities. StralÈgles for a¢hi•vlng oblect5ves The chBritable company works lo a delaHed bJget vthich is ¢losely monltored and repprled on lo the TrustEe$, Ih a to trying to ensure thal fundra]ng targets are achieved, •n¢ expenditure is Mana effleAtty. The Chaimn and Chiel Ex&cLrtNe attend r8gAar meetings of Soth East Hospices akn 8tttrnded ty Hospce UK. In addition, Ihe Chief ExecutNe attends a variety ol netWoS both wtonally artd natK*nally in an 8flort to share be51 practice, cSiscuss innovaliDn and behMark the grc4w's activit$. Actlvltles for achlevlng obJe¢tlves In setting pnS for the group. the Tru51e•s gr¥e congderation to tts Charity Cc¥nmission's general 9uidance on publlc benefit and, in partKular, to the public benefft of pro¥idng $UPPQrt ft¥ lf of ill-health. P89e 5
WdDM Hpic Ch•wity IFomwty •8 Th? Friènds ollhe Wisdom H05pi¢ Limittdl Ilh eornpoDy lIted by guaT•Thtrel True9¥, report Forth• yearended 31 Tch 2024 How ouv •ed¥Se% dellver benelll ThelMs(l0mH05pKeprIvjestsaw paM4qthcarewdslOl0Lrf11XWa1lth oflAettwand Swth. a wtwlabon ol 400.D]O. These servxes we open tree to mem5 of Ihe and Ihey supwrt "ents both al Il h05pu and wilhYitheYty4m hom•5. The group Ihe58 5ervKes wih an Ll 9iart 10 Ihe ¥th 8•J5 svJDtsnUy 10 trwefft. king avaiiAe rthise rrA pr6s4e on fvNHS bLkl9el ab AJI txpeThJiture ty Ir grow ¢ ftvied 89W¥t tnefft hY Ihe TfUSW en$ure these eipensp$ rew8seN •n8K¥jfoKe use 01(rI•b fty)3s. Vduntes TtTrustees are gratthforthp LMStirrt effryts Ott thDare Al %1¥ Pro10n. Chgthy Shop3 lundtwsw. thantèD crynwy an stweast n V(dL•tteer Owted hoLY3 dwng this year to 26.806 12023" 24.967 crffip8ny has 8 ¥okffiieer eorKthnaior lo Bn5urp that besl 81ue Is ¢eNN¢d frryn ts swing Effort5 clow te¢r5. ACHIEVEMENTS AND PERFOPMINCF ReviEw ol a¢tNllles Oywall inctsme tr¢n gaOeS r(ie•5>J m the year vrthrfev ty £206.849 10£653.41012023". t446.56Jl. Ths w8$ wrnarity as a res ol an iwe•se irwne of£116.558 lotsld £303,694 Ihe year lo 31 March 2024 12023 £185.1361". Df Mch £1B5.(Jo hèj nol been receNed Is al the year end. In¢wne from ¢81)rE w85 50 try £88.291. E349.716 for Ihe onopo 31 Marth 2024 [2023 £261.4251. Qveral draSvj tncrAne in Iheyear der revmvTKrea5ed by£127.5 ID E150.05712023.' £622,122). Th wa5 dup to the Inue¥sed sale5 of Jor&ed of £504.801 12023 E382.3121. genErdl fundrnLsing Incorre creased 10 £111.55912023." £90.8601. Loyery 1me reth¢6d to £127.685 12023. £142.6711. a&YH as an shw"rHJ pllum5. Tfading has coniinued to be Ir perfrmin9 above Weted Donation Me$ rnainlained as wa5 Ihp qualty ef3 slathro e8aylOO seeTr an Up in trth9 In the 1451 ye8r. Afi excitin9 new retail 1hE 10 wen wi CKacl)Er2024. Maintsining aThJ IhE reUL1m of ¥okmteeis h35 been a We are $0gralefLI Io ai r vekrteers for Ihe they hBve shcphn hwd &yihe th¥rfy. InaNY. a5 a retL tsf the co FM. r4W • a numbw chosè lo cwKel I P•)e 6
Wlsdom Hospl¢e Charlty IForm¢rfy knovrt) as Th¢ Frfends ol the Wtsdom Hosplce Llmitedl IA Company Ilmited by guarantee) Trustees, rnport For the year end¢d 31 March 2024 affeded by Ihe Cost ol Living Cris. The bttery wo¥ider conlinues lo work haid lo maintain F4ayer numbef$ and the charrfy is working closdy th thÈ bttery rxovthr to ty to wnprove ths sTrtuat)n. Charit Rename During the year the charity continues to Conser operational strale9Yds io maximise Sncome to meet future challenge5. As part of tlis pfocess Ihe charit8ble MpanY has decided lo than9e its name lo Wsdom Hospice Charity in September 2(r24. The tharity wll ronlinue to maintain its r89ist•d charity number and its aim5 and obJe¢tsves. 11 is considered the new name is mNe business like ond #ppeal lo 8 wder 9mup of supporters Investment pollcy and perfonnance The charitable company has a low.risk investment pJliry. The value of its investments has redu¢ed durin9 the year under review. decrèasing from £1.093,733 8$ at 31 March 2023 10 £974,101 as al 31 March 2024. Due to thè lall in the stock marke15 ènd pressures ¢X eash durErYJ the year the charitable company withdrew £100,000 from the investments. The group5 investmen15 thwe rebalanced during Ihe year and are under regular wevw by the gfOUP'5 hwestment managers. Hosplc• Grant The Charitablè cunpany's ann1 giant remained the same as the prevJus year at £724.092 {2023.' £724,092). ThÈ charty continues to work dosety wth the hoSpe operator Medw8y Communty Healthcare arvj art investlgating ways in bthich they ccyjkd fund new facilitie8 or eqUipnnI via speafic grant fLmding sources for these extras that a(Id value to the patient expeiiertt. Factots relevant lo a¢hi•ve ¢)bJe¢llv•s The charitable Company monilrx5 IF relwn on invested lime aThJ expenses on all its events 1th a view to 8n5uring relums are maxfimi%ed. Infomatlon on lundrAlslng pr•¢tl¢es T charitable compaw receives finaal supwrt from rts donots rosS a Wde rarvJe of evenis and activities and the Truslees are very grateful to these don5 for thryr generosty. D(a.S are acknowledged wrth a lelter of thanks from the Chf Executive or a phone call YA)en appropnate in rewiition of sKjTrtanl (k)nalK)n$ or ti¢Jns. Tr ¢harilabie company regards rts relationships wi¢h (knors supForters as hhlY impLlrtant and it pndes tsell on those it has built over many Ye ol fundraisiry. Thtr lunlr8ising team looks to be finnovalNè its events so as to maintain maximise in¢ome and supporter eroagemenl arml to inspire the ne gertr8ticn of I)yrS and SLpIMxlers. The charilable company carrie5 Out 15 fundraising in a lair aThJ responst)le way and ensures that funds raised afe spent effectNely lo bring maximum benefrt lothe pantS and ielatrves connected wilh The Wisdom Hospi¢e. Its r¢gubr newsletters and website share the latesl news of a¢"¢veMentS and reinforce ils gratrtude lo donors. Th& ¢haIltsb ccThp8ny also enswes ihbt donors have ts)ntrol ovèr how thèy mMLIte wth The ch8ritsble company strives to ensure that rts fundraisi is conducted to Ihe hhest level of qualty and safety. Fundraiser5 and partrf5 are trained to ttxnply wilh test practe$ and PTo¢edures - particularly in protecting individuals vtho may be in vulnwable urcumstanc$. The approach is donor IocLkssed and desvJned to ensure that donors enjoy and befit from they engagement wilh the ¢hariiable Gcmpany. Wsdom Hospice P•Je 7
Wdom Hospic? Charity IForni•rfy known as Tht Fil•d$ of the W0M Hospict Limltedl {A crnny limited ty 9uaAnt••l Tru5tee5' report For the year erHJed 31 ¥aTch 2024 crwty Is legstered1th the FL¥¥Jrary Reguk81er. The ¢n¥ilaW company Thas partnered with YLU Ho4ce Lottery IYHLI WIM) are promole 115 lottery. The dvciiaDie company works ¥ceiy with YHL. ad in a¢ctyd8rtt with the staardS tnai both the ¢haTrtable comp)y and the expect. Ttr ¢hafttae c(M)wany's CPuef Execvbve Induois all blltry fundraixrs to ensure thal stsndards obliyatiw$ requied are uThler51ood and rft In Ihwr fun(k¥isin9 aclivrties FeedCk Is sou9hl from yerS i1r ery expenence. the Chl8le e¢mpany io m3inl31n standards and. ere relevaN, io Insbgwe any required ImpThernerts to fundrary pra¢bce5 sdom HOSP Supw)rt Tec8wOS a wariety of dratiOnS of 9oods for sale In rts smps The Tru51tes are very graleful for Ihese dOnaln. and to retain the 5UPWrt ol Our$ lo Ihe sw lor many years 10 corne Tnrt5¢)m H05pKe SuFWrt staff aThJ vdunteet5 are ID cornpty ith best pradus and prrtsdures in orderto eTraure Ihat drthrs tystomers have a Wsitrrfe exe wi theii dealirySViih il. The chitatrAe youp CLKnieS wh Ihe Gewal Data Proiects)n ReW1)rt {GDPR} and foiows Ihe Inform31K)n Conwnlssierf5 and . rf Sthves 10 pwfomi to the tr¥ghest $ièndar¢Js e¥erylhn9 11 does. may nol w8ys get fl rWI. Shoukj a [Xn01 be receNed. be fuly ivestWJ8ied, ¥rKI eltons wll be made 10 coried 8ry shortc(thThrgS ThWIKJhied. ¢h¥iiable grcAJP rec•¥ed r signrfKani COM81nts dkxing the year under revi•¥. The Trusteés rftcC4n the of the r3110Th of the rh3nlaFle ymup in Ihe Intsi aTrS confKlence of it5 thnors and Ihs rrncple 5its al Ihe hearicl * 01 rtsactNlies FINANCIAL Golng concem Aftermar¥4apP1Owit entyffts and pYtrJjiakb•3acCw aftw-eftthoflheCOMtk19 panoemit arxl the Cosi of LNWJ Cri$i5. Ihe Ttusiees tsve a re8s(TrtrAe expeuk)n Ih iThe taniaL4e u%npany and the 9f¢VP have 8dequaie iesuM¢es 10 contin n orerotw)n eXe foi Ihe loreseeab fuiLffe. For lh$ reason, Ihey 10 8(W Ihe bass Wepar9 the flia]l s(8temenis. FL¥tlr deta$ iegardirY4 ihe aLk)pkn oflhe w9 c¢rKem bas£ be Ira¥¥J in the Polu5 Cosl ol Llving c11s- ongoing chalkn9e5 The ¢h¥itatqe CLYPar continues lo expellertrIhe (rfCOVll9 a5 Ihere 15 lOng-ter impad on bh the UK 91 econLKnies recerrfly eflecis of tr cost INiry cl55 have aLso InfiuerKed the cha1¢ab Ope¢1)$ 01 Ihe tyganisaiw)n. Income ge11 fmdraiw9 ill conhn 10 be a chaInge fw the fore5eeat4e fulure. gmLWS KI mwrtsn is rm1181 SU[ of the Wsdom Hospie 4anned 9e4 levés. C8sh IIyAf and fore$18e c8rrd r¥th iewwty fcf trAhts short termand vvws. tak9 into count¢trOngOm9ch31eng¢$.TheTntstOaresIsfdIhthegphdslhefinartsaladthT rèsources it needs lo o¥ercome Ihe Gler9e& ahead. Re5Èvves polky The Wsdom ND¥ice is by Mthiay cornmty He•lFtye IMCHI wthin Ihe NHS and rf8 operatvjnal and lundln9stthre r6 deiemiined ReweseAtalN•5 oIfvTnJstees meEI reguladywithMCH. The Chief ExeculweTDeeiswrfhrewe5entalNesof Kenl and Medway Inie9ratÈd Care BtsaidllCBI inoFderlc urKler51and the fifi8nual rewyements ol MCH any partiuAat t0$ they may hawe and how the NHS reor98ni8alion pio¢e8s inwt$ onihe wovp's 8Ui¥rts. Page 8
Ir4isdom Hosplee Charmy IFomrty kno as The Frfend5 of the W15dom trlosplce LlmSted} IA company Ilmited by guardnt••l Trust¢•$' report For thè year ended 31 Ilarch 2024 Further developments wll conb.nue as the Integrated Care Systems. Inte9rate(I Care Boards and thè Keni and Meokny Hearth and Care Partnershy Contin to become eslabli5hed. It hoped that these Oevebpments will 8implity and rdtion81ise eng89emenl th the commissioniro boty. The Trustees take ac¢ounl of these is$ as they strive to mataIn Ihe grow'$ ieserves at a kvel which they deem appropriate to ensure Ihe group Can meet Its obledves in the prevailing dr¢umstarKe5 over the rnedium and long terrn. This year we have seen Bn inrxease of £32,184 reserves Ire(110n- 2023.. £X6.013). The unrestrrled reserve5 a5 81 the year-end were £1,916.22312023". £1,884.7341 and the reStricted reserves after removing tangible fixedassets 8$ al Ihe yearnd 7Aere £1.557,61812023". £1.529.3211. The Trustees regard these as appwi4te levds in Ihe curreni ¢ir¢um5tan¢es wth reference to the set out atthte. The Trustees continually kjok for Opportunit to spend restsed reserves in accorda£ wth the re$trttions thereon in pursurt of the gr¢up'$ objectives. The restri¢ted reswves as at the yewond 7Aere £3.169 I22.. £2.474). mateal in¥¢stm¢nts polScy Under the Memorandum and Arti¢les ofAssocialton. the group has the power to make any investment whh the Trustee$ see rrt, subjecl to such condition5 {rf any) and such consents (Il any) as may be imposed or required by law. The Trustees are mindful of the recomrnendation ofthe Charty Commissn wilh regard lo the management of their investments. The Audit 8n(J Investment Committee has been sel up to focus on inveslrnenis line wilh the group's Stalemenl of Investment Princtoles, which is under Te9ular rèvw. No inStMent 1$ kntywIng e drecty in tobacco WeIe lUcts or any olher products known to be injuriou5 to health. ere any investments are dfiseovered to be in brea( of this po&"cy. action is &en tts correct the position and Ter)rt lo fhe Trustees. PLANS FOR FUTURE PERIODS Fvlure developments As the charitst4e company adapts to Ihè changrKJ emryronmenl IrrfluelTr fun¢Jfaising everts. the char&q• company conbnLW to follow rts Strategy takes into accaffil Sjrt. meifium arJ long term aims. The gfQUPS fctu$ continues th three troad theme5 To 8¢hieve 8ntl rnantin fundraisr#J and ome targets in Ire wlth reed budgets To Idèntfy innovatNe ways ol generatj IrKcffie Overall to improve commwi¢ath)ns and m8fketirvJ all slakeholders and In Wlar vrith Medway ComMunY Heatthcare Thè Trustees are (Jeveloping a strate9ic from 2023 to 2025 which wll advarrE the ch¥rtabl8 company lo continue to ¢Jeveltsp their rItable operalions to increase incomè arbj proffi of the group and 11 ¢onlinue to revEw ¥nd enhart¢e their 1rren1 initsive$. The grr)up will exomin8. evaluate, and irmo¥ale fundraising even15 and income generation in keeping wth the ethos of the group. The Trustees will Contin lo maintsin and develop bwieficial ¥Krfkn"ng relthiortships ith the IM5dom Hospico and Medway C¢mmunty Hèatthcare. Pa9e 9
Wisdwn Hospi¢ Charfjty IFomwwty •$ Th Friends of ¢h Wtsdom Hospke Llrnltedl IA company limited by 9uarnRtetl Trusl¢•s' Ttport For the year ended 31 M•r¢h 2024 STATEME1oF TRUSTEES. RESPONSIBILMES Th8 Trustee5 are also direL1ors ol Wtsdorn HosFKe Charrty the pwrrf)se5 01 company lawl are re¥onsible for preparry the Trustee$, report aThJ the fina statements in atterdanc¢ 1th wplic4ble Lgw United Kingdom Accoun19 St8TrJards IUThied KiwJom Generty Accepted AOUnt1j Practice). Company law require$ the TTuslees to prepare finanual 5tsternenls tr ea¢h finanuai y8ar. UTrJer company Ihe Trustees must nol apprtsve ttte firtanoai statements unless they are 5alisfied that Ihey gwe a true and fair vw ofthe stste of affairs of the tharitae¢0MpanY and Ihe group and of the IncA)rning resources applicalion of resources. IncludiThJ the Inme and experlUre. ¢1 the Ehantable group lor Ih81 perKJd. In preparing these financwl 5ts1efnenl$. the Truslees are Tequred to". seled 8cwJnling poliues Ihen apth them cormtenty., ctsave the melhods and in Ihe Charities SORP: make judgement$ and accombny esivyiates Ihat 3re reasm?b and wudent: statewhetlw apWtAe U( Ac¢cuMirYd 5t8fK1d IFRS 1021 have been kAbwe£l. Subject to any material tpartLWtt arhj exp" •) Il ffin•4wI 48lement5' k¥epare the financial stalernents Ihe concem b95i% uthss it is inappropriate to presume that th& aritae group Wll continue in owalion", The Trustees r&S$1e ftrf keepwbg adequae records are fAffiuerrt to )d explain Ihe charitae uxnpany'5 and Ihe wup'5 transattKJThS ond di$dose with reasonaNe acCUrY al any tr'rne the finanoal posltson of tharrtab woup and wwble tnem toensurethal fir0nciJi 5tal8rnen15 cOmY with the COMpanS Act 20(. They we also resk2bk fLK safegwardirJ Ihe assets of the charitae company and the group and her¢ce lor laxing reasonab step5 for the preveniion and Jelection of fraL¥I and ¢]ther tyregularthe5. D6s¢1osure of Infomwiion t¢• audilor Each ofthe Fefscffjs vtho are Tntstees at fv lime 4ben this TrLthes' rep)rt approve# has confirnied thai. so tsr as thai Tru$tee i8 aw¥e. Ilw bs rekwi wdrt iThfumation olwhK the Charitab grwp¥ ajitor is urtwo. and that Truslee hastaken all the slepsthyl Wt to ha betaken a5 a Truslee in order lo be aware of ary relevant èudil Infomialion and lo eskbltsh thal the £*8rI1ab grwp¥ auditoT k8 •vare ofthat inforrnalion. Page 10
WSsdofft Ho$pk• Charlty (Fomwily known as Th• Fri•nds of Ihe Ho$p5ce Limltedl IA Company Ilmtted by guar4nt¢¢l Trusteès, report For the yèar ended 31 March 2024 Auditor The auditor. UHY Hacker Your. ha$ ir#licated rts Illing$ to eonlinue in office. Tntstees wll propose a motion the avdrtor at the lorthcoming AGM. The company's financial slalemerts hove been prep•ied accord8nee wilh the provisions apicable 10 compantes wfy'ed to the small compan5' regime. This rekWL ¥ras approved by the Trustees on and 5iyned on Ir behaK by.. Mr R Hafrls. Chalrnian lo th* Trusthes Page 11
Wisdom Hosplce Charity IForni•rty known as The Fviends ol the Ylisdom Hospi¢t} IA ¢¢rnpany limltèd by gwaranteel Independent ALTrditors' Report to thè M¢mb¢ws of Wisdorn Ho$pice Charity {Forni?rty known as The Friends of the Wlsdom Hospicè) Opinion We have audrted the financlal statement5 crf Wisdom Hospi Charrty (Fomierty kwn as Frnds of the Wisdom Hospicel Ithe 'parent charrtable Companll and its subsidi3ries Ilhe 'group) lor the year ended 31 Mah 2024 which comprise the Con501idated stalement of financial actNities. Ihe Con5didated baPaTrGe Sheet, the Charity balance sheet, the ConsdKlaled stalemenl of cash fh)ws and the related notes, induding a summary of sKJnrficant accounling Oscies. The financial reporting frwnewoth thal has been applied in their pparatIOn is applicable Isw and United lfjng¢SJn Acco¢Jnling Slandar¢ts, includirrfj Finala1 Reporting Standard 1 D2 The Financial RpportirwJ Standard applicable wi the UK and RepublK of Ireland. (Unrted K9drt Generally Accepted Accounting Practice). In our opInn the financial statement5'. 91ve a true and fwT wew of the slaie of th¢ GrowJ'$ and of the pargnt chafitable GompanW5 affaws as at 31 March 2024 and ol the Group's incoming sourceS and applution $OUrCes. including its inwne and expendrture for Ihe year then ended., have been properly prepared in accorda with United Kryd¢)m GeneratyARpt$d Accounting Practice., arsd have been prepared in accordance with the requirements of Companies Act 2006 and the Charities Act 2011. Bas15 lor oplnion We tondudèd our aud in p¢cordance with Internal Standards on Au¢Jiting IUKI IISAS IUKI} and applicable law. Our re5p¢n$ibilrt under thvse Standards are lurther dèscribed in the Auditors. rèsponsib¢libes for Ihe aLwJil of Ihe financial 51alementS 5edb)n ol wr reFtht. We are independent rf the Group in otr8ce with the ethiG¥l requirements Ih¥l are relevant to our audrt of the finarKio1 stalemenls In the Unrted Kin9dom, Including the Financi81 Reporting Council's Ethal Stsndard. and we have fuffilled our other ethical resp¢SIbIlitieS th) accordancè with these reqUIrt9. We belEve that Ihe audit e¥er we havè obtained is stifficient and approprrale lo prowid• a basis for our.¢vAv. Con¢lu$lons f•latln9 lo goin9 ¢onc•fn In audrting the financial siatements, have ¢Ored that the Trustees, use olthe going coreM basis ot a¢countin9 in the pparatIOn ol the financral statements is apprcpriate. Based on Ihe work we have perfom*d, wè have not vjentthed arty mateiial uncértainties r•lating to events oi condthons Ihal. individu8lly or ¢offtectwèty. may cast svjnrficant doubl on the Group's or thè parent thèritable companls ability lo continue a5 a goin9 for a period of at leasi e1Ve nthS from when the finan¢BI statements are aulhorised for sssue. 04tr ffj$ponsthJilkies and the rtspmsilIés of the Trustees wrth SpeCI 10 going concem are described in the relev¥nl section$ of thi% report. Pa3e 12
Wisdom Hospice Chaiity IForni•rfy kTh(m as Th• Frf•nds ol thè Wisdom Hospice)
(A company limited by gu•r•nte¢)
Independent Audltors, Rèport to the Members of WisdL¥n Hospice Charity IF0mty kn¥)wn a$ The
Fri¢Dd5 of Ihe Wlsdom Hospko} Icontinu¢d)
Other information
The other infom)ation comprises the inforrnalion incILd in the Annual rert other Ihan the finarla1 statements
and our Auditors, rèport thereon. The Twslees ere responsible for the other Informatan cot)tained within thè
Annual report. Our opinn on the financial statements does nol cover the other infomiation and, except lo the
exttrnt otherwis8 èxplicitly ststéd in our rèport, we do nol express any lom of assufancè ¢onclush)n thereon. Our
responsibilbty is to read the other inlormatJn and. in doing so. consh4tr whelhw the other infom8tiDn is
rnalerially inconsislenl wilh Ihe fJnanc&al Stalerrts OT our knowlEdge obtaird in the cwrse of the audit, or
othemse appears to be materiaY misslated. If we Klentfy such Materi inconsistencies or apparent material
rnisstalerbts. we a required lo detemiine whether this gives rise to a Mater1 misstatemenl in the fir)&n¢W
sl8tÈmenls theelveS. 11. based on Ihe work we have perfoffl)ed, we conclude thal there is a materièl
misslalemenl ol Ihi$ (ther information. we reqred lo pOrt that fa¢t.
We have nchin9 to ieport in this rewd.
Oplnion on other matt•vs prescribed by the Comp•nie5 Act 2006
In tsjr cyinion. based on the trk undertaken in the course of the audit:
the in1omiatrt given in the Trustèes. Report forthe fina[ra1 year lorvthi¢h the financial 51atements a
prepare
Wisdom H05pJce Ch•rity IFovmErty known a5 The Frlend5 Qtthe Wtsdom Hospic•i IA company limh•d by guranttel Indep¢n¢Eni Audil(rs' Report tolhe mem15 of Wi$dom IlospiCÈ Charty IFonTrerly known as The Frlends ol the W¢sdom HospiceTr (continuedl Respon5ibl11es OItntees A8 exPle rrtse io Ihe TnBiees' wnsibithes siai•Yienl. the TsIteS (who are also Ihe directors of the chatiiab company forlhe purp)ses trf cwwany 11 * sPOnsOl0r Ik preparYJn oflhe fiDarti &laiennis and lor Ihal give a tme vy. ard for such Intema eoniiol a5 Ihe Ttyslee5 deierlrwne Detessarylo enable the Wepara orrInancp slalempnls Ihal are Itee from material mtssiaiemenl. whethw dL k) •TOr. In weparm9 the fitTran¢igI eMenL5. the Trustees are resFrtiTrste for •5sessinp Gr(w's the p8reni ctsri18bè ¥bdrty lo wnbnue as a uncern. d¥thirvJ. appItab, mallets rled to 9DirrfJ oncem and using the going ¢orttm bas ofaccounkn9 Ue$S Tru$lees inlend iolquwlale the Gffjup rK the parent ¢haEiiable company u to cease0peralS. or no le01st aNemali¥e bth lo do so Audltor5' SPO56b11lt1es for1 audtt of finncial st•lernents Our obJ"e¢tiv8s are lo obl8 rtèsonab assurwtr aw whelher Ihe firqn¢la1 sw•Ynl$ as a free Ilom m8leiial mÉstsienteni. Wther dye lo fr¥ud or err¢x. and kn issue an AudlNS' reptrrf Ihat in¢lude$ our tlion. ReasQrhj a5tsuran¢e thl of assw0n, i% a guaraMÈè ihal èn a¥11 ¢ofTrduJed in ac¢ordaKevnth ISAS IVKI w"118Fways detttt a matenal mt55ts1emeni when it exi$ts. miss1Tri5 ¢an ari5a fram fraud 01 error and are cts)51ered rnatWi81 If. ThTrYLI1Y{3f the a99rewe, they rea$onatyty be e¥pected to inflin¢e etyV1¢ [triSi rrf uwstsken onkne basts lif these finr1 st•tements. Iegularrf. incluthng fraud. are ir%&nce5 01 and uLonG. We deswjn procedures in 71h wr re5wn51tMklw. lkned abm. lo dEled matw41 mSIaleMents in re5ped ot irre9uL¥rfs, clthgiry fraLKI. The ¢xtenl to whxh edureS arecaple oldEledir¥J eguL¥lls, 1K1ling fraud 15 detai bEk OUT approach to errtTro ar assessing IhE Éisks 01m•rI 5temOnI in spect ol WTegUL7rAS. in¢ fraud rn-coMlaBe with Lws and regWM. Yas 8$ fc4M". we iderrtrfd the lavrs and regulWS appk¥l) lu tre ¢haitylhwJh ¢Jiscu5sKsns with MarennI. and from commercMI knvAetye and e>perer In the $edcr. IUsed th 5pecth¢ L75 FegukntNy)s whKh we confAdered h8Vt a dire¢1 rr4erial éffeth on the count5 ow theepera1ns Of1 thaTr18b ¢£rywy. wKbJdirythE charitAct 2011 Ihe ccffip8n5 Ad 2rt6. we assessed Ihe exienl of wih l•% rewons MJeMtsI abo¥e though maklty enquines ot Mgemen1 ard inspectirvJ cL¥reSpen." ar kJeDbfd Lwx and regulatn$vE the ¥¥J the team Me10 I stsnces lh)vE Ihe xld. We asses584 the suscepbknkly oflhe Crany5 lo materkil nwSslaiemtt. mcludK obtaining an r5ndIng of hrwfrawl m¥hl ¢ccur. ty. 1 enqrS ¢fnNinagwnenl 8$ to where Ihey con5bJered tsrewo$suxplJililylo fraLl. their knth¥ladge cf actual. suspected and alegedfrwj. and canshlerirvj the iniemal ¢rfftlrrAs pe to ffMtvJate r5 clfrathl and norkuffiplkarte %%ith Iws and regu1athins. TD addiESS Ihe dfr•A through rrwnagnenl CNTwlÈdconlrt4s, *." Page 14
Wisdom Hosplce Charlty (Forrnprfy known as The FrierMIs ofihe Wlsdom Hosplcel IA company limited by guar•Thtee Ind•pend•nt Auditors. Report to Ihe Membvs of Wisd(n Hospice Charty (Fornierly known as Th• Frlonds ol the Wisdom H05pirAI Icontlnuedl pertofmed analytical procèdu$ to identfy any unusual or expeed relatitinships: tested iournal entrie5 to denlrfy unusual transactKJn& assessed whelherjudgements and assUry)INE made in deMIlling the accounting estimatès sèt eut in the accountin9 Policies We indi¢Ne of potenti41 bias". and invesligated the ratn31t behind signiftsnt or unusual Iransacl)n6. In response to risk d irregularit$ and non<amph"8nce Vith law and reguLalitins, we desh3n•d pn)cedures which in¢luded. bLrt were not hmrted to.. agfe8ing financ1 5talemont ddOSUre$ lo unde{ln9 5UPPYtin9 reading minutes of rreelings oflhose charged wilh 9tsvemance". and enquiM9 of man•Mnt as to xtual and potential btfjalm and claims. There are inherenl linNtatK)ns Ni our audrt pw¢edures described above. The mort removed that and regulattons are from financwl transactbJn5. the less likety it 15 thal we would become aware of ntsxcrnplianee. Avditing standards also limrt Ihe audit prc<edures requi lo identify non<onWiance with laws and regulations to enquiry olthe trustees and clher management and the n5pection of regulalory and legal coffespondence, if any. Mat8rial misstatements that arise dye lo fraud be harder to (tecl th Ih05e that arim from error 85 they may involve deliberate cOnceamt or collus1. A lurther descriptron of oui sponSljes ftr the audht ofthe n3j01 sl8tement$ 1$ ICed on the Finanaal Reporting CoLtncil's websito al.. ww.frLor .uk18udilorsres siJilttTres. This descriptts) foms part of our Audiiors, r¢po Page 15
Wisdom Hospitè Charity IFomi•rly known as Th• Friends olthe Wisdom HospiG¢l {A company limited by gvarnnteel Independent Auditors. Report to the MEMlS ofwlsdom Hospice Cknarlty (FornrIY known as Th• F¥lends of the Wlsdom Hospic•) Icontinuedl Us• ol our report This report is made solely lolhe charrtable compan¥ Irlber$. as a body, in accordance wilh Chapter 3 01 Part 16 of the Companies Act 21J)6, and to the charitable company's trustees. as a body. Part 4 01 the Charsties {Accounls and Reports) Regulatths 2CQ8. Our audit work has been undertaken so that we mKJht state to thè charitable Companls members Ihose matters we are requÈred to state to thern in an Au(Jitors' rew1 and lor no other putpose. To Ihe fullesl extent pemvtted by I, * do not Kcepl or assume responsibikty to anyone other than the charitable company and rts members. as a body. lor our autht work, for thts reporf, or forlhe opinK)ns we have lomed. Tracey Moore 8FP ACA Isenior stst4rt0ry audmofl for and on behalf of UHY Hacker Young Chartered Accountsnts Stsiutory Auditors Thames House Roman Squarè Sittingbourne Kent ME1048J Date.. l OCknb 202 Page 16
Wisdom Hospic• Charlty IForm?rly known as The Friend$ of the Wisdom Hospice) IA company Ilmlted by guarante¢l ConsolSdated Statement of Ilnanclal activitles {IncOOratIng Income and •xpenditure accounl) For th# Year Ended 31 March 2024 Unre8tri¢ted R•$tte0 funds 2024 T¢) fvn£ts 2024 Td•l 14rfJds 2023 2024 com• from: Donations and 3CloS Other trading KIMt Inve51ments 650,620 . 750.057 2.790 653.410 750.057 9,330 446,561 622.123 4.599 Totsl Incom• 1.410.Q)7 2.790 1.412.797 1.073.282 Expondltur¢ on: Raising lunds Chairtable aclivrts 740.853 724.092 2.095 742.948 724,092 614,210 724.092 Total expendlturn 1.464.945 1.467.040 ?.338,302 Net lexptndliureTrlknet)m befor• n•t lainsll10¥3esI on Inv*$trn¢nts Nel 9•n$llios5es) on inveslments 154.9381 86.427 154.2431 88.427 1265,020) 140,993) N•t movernent In lund# 31.48 695 32,184 1306.013) Re¢on¢lll#iion of funds.. Total funds brought I0d Nel movement in fund$ 1,884.734 31.489 2.474 69S 1.887.208 32.164 2, 193,221 (306,013) Totsl fund5 ¢1rii•d lon¥ard 1.916.223 3.169 1.919.392 1.887.208 The Consolidated Statement of Financial Adivth$ th•s 1 p'ns and losses rwni5ed in the year. The notes on pages 21 to 41 forni parl of these finartial $tstements. Pa9e 17
Wisdom Hosplcè Charity {Forrnerty kno¥m as The Friends of the Wlsdom Hospke) IA company Ilmittd by guarantee Regislered numbèr: 01632714 Ctsnsolidattd Balance Sheel As at 31 March 2024 2024 2023 Notè Flxed assets Intangble a$sels Tangible assets Investrnent$ 12 5.400 358.ei35 974.101 13 355.413 1,093, 733 14 1.338.1C6 1.449, 146 ¢uFr•nt •ss•ts sto¢ks Debtors 15 11.424 242,941 296,801 16 331.510 Cash ot bank and in hand 423.216 761.022 551,766 Credittsrs.. amounts falling due within year 17 1179.736) (113.104) Net current as$¢ts 581.286 438.Q62 T•tsl Mt 1.919.392 1,887.208 Charlty funds Restricted funds Unrestricted fuTh1s 19 3,169 1,916.223 2,474 1,884,734 Totsl funds 1.919.392 1.887.208 The Trustees acknovAedge their reSponSlIrtieS for complyiThJ wrth the requirements of the Ad witth respect to aCcounn9 records and prep of financial slalernents. The financial sialements have been prepared in accord wrth the provisiorffj applrable to enliliès Sub to the small companies re9ime. The finan¢i41 statements tre approved and •rtl'Sed issue by Ihe Trusiees and Sne[l on Iheir behaw by. Raymond Harnls Bab*ar Date. 1110912024 The notes C paggs 2110 41 form part ofthese fw)ancial stalwnents. Page 18
Wlsdom Hosplce Chority (Fomieity known as The Fvlends ofthe Whsdom Hospicèl IA company limii¢d ty guaranle•l Re9i$t•rtd number. 01632714 Charity Balance Sh••t As at 31 March 2024 2024 23 Fixed ass•ts Intangible assels Tangible a55¥t$ Investments 12 13 272.215 974.101 27T,856 1.093,733 14 1251,716 1.3Z?,289 Current Stocks Debtors Cash at bart and in hand 15 11.424 244.017 6Q554 16 303.104 171.180 321.995 Creditors.. amounts fallThJ due Mthin or year 17 1156.154) (B7.991) Net ¢uryent •$$e 324.426 234,Ch94 Tol•1 n•t assots 1,576.142 1,605,J3 Ch•FIty Re5tricfed lur Unrestricted funds 19 3.169 1,572,973 2.4T4 19 1.602.819 Tot•1 Iwds 1.S76.142 1.605.293 Tha Choritls net nk)VennI tn funds for the yEarwas £(29.151)12023- £{302.421)). The Truslees ackno¥Aedge thw'r responsilits lor crynth'ng thè rÈquirEmerts of the Ad vrrilh respe¢t to accounting records and prep8ratsDn offinancial slalements. The tinan¢i81 statÈmènts have been prep8rnd in xcordanc•with the pThisi)ns apptKablp to enlities Subject to thé smal companiÈs regimè. The finanfjial stalements were approved arKI for i$5ue by the Tntsiees and s•Jned on Iheir behall by.. Raymond Harrls her Date= 11 Jo912024 The note$ on pages 2110 41 frym part of these fmanual siatement$. Page 19
Wisdom Hospicè Charfty IFom)erfy known as Friends of the Wisdom Hospic•l
(A comparty Ilmll•d by guarantel
Consolidated Stalement of Cash Flo
For th• Year End•d 31 March 2024
2024
2023
Ntst•
Cash flows from operatilly afves
Nel cash used in opèratin9 activitie$
1102,894}
1365.2071
C•sh flows from Invsllng 4etsvitles
Dividends. inleiests aThJ rents from inbtstments
Purchase ol tangible fixed ¥ssets
Purchase of investffents
Pic
Wisdom Hospice Charity IForm•rly knov4n as The Friend5 ofthe Wisdom H05pirel (A company limited by gu•rantw) Notes to the Finan¢ial Ststem•nts For the Year Ended 31 March 21>24 General Infomiation isdom Hospte Chanty is a charilable company Ited by guarantee, incorporaled in England aNJ ales. Thè eompanls règistered number trs 01632714. The address of Ihè Ch8rity8 regkstered office ond principal pl of buneSS ". High Bank Rochester Kent ME12NU AccountlTrg policigs 2.1 Basls of prepamtlon of financial statements The finanual slatements have been prepar8d in accordance wrth the ChaTities SORP {FRS 1021- Accounts"ng and Reporting by Charitie5.' Statemenl ol Recommended PractKe applicabb to chariti•s preparing thar accounts in a¢cordarKe wth thè Finan¢ial Rèporting Standard applicable in tho UK and Republic of Ireland (FRS 1021 (Charities SORP (FRS 102)Isecond editionll, Ihe Financol Reporting Standard appli&ible in the LK and Republic ol Ireland IFRS 102 - January 2022} and the Ctrllpans Act 20(6. Wisdom Hospice Charity Meets the definiion of a publtc berfft entty under FRS 102. Assets aTrJ liabilitses are Initially recognwd at ¢t or tran5aclKn value unless othemse $tated in the rethnt accountry polw. The diredors con5idei that Ihere are no key sources of estimation uncertainty. olhef than as set out in the 8¢¢ovniKwJ policw below. 2.2 Consolidation These fin•neiaf stalemerrts consdidale Ihe accounts of Wisdom Hospice Charity and 115 subsidiary. W15dcKn Hospice Support. The Cons0dated slalemenl ol fmarul vits (SOFA) ar Consdidated b818n¢e sheèt ¢otssoIKlate the finanoal stateffw)t$ of the Charity and rts subswJiBry undertaking. The resuhs ol the subsidory are GonsoL#lated on a line by ne basis. The Chanly has taken advantage of the exerytion ab44ed under sect1 408 of Ihe Companies Act 20LIS and has not presented its Thwn Statement ol finarbcial activities in these financial stotements. The r¢$urts of the Charity for tIE year ended 31 March 2023 a pre5¢nt¢d cffi pa90 11. Exewption frorn the r8quiretrnnl to dis¢knse trarnsactw)ns be Ihe tharity and its subsidiary ¢ompany has been taken under sectMJn 33.1A of FRS 102 as Ihe transactions occur befv4een whol ownéd memb8w5. The Charity has tskèn a(Iwdntagè af di5dosure exewn permrtttrd by FRS 102 of th• requiremenls of Sect*)n 7. 'slatenrt of Cash Fkm,. to ncl di9¢105e a charitywonty Statement of Cash Fltrws. Pa9e 21
Wisdom Hospice Charity (Form• known a5 The Friends oflhe frlospic¢l (Acompany limited by guarantee Notes to thè FinaTh¢ial Statements For the Year Ende(131 March 2024 Accounting polici•s Icontlnuedl 2.3 Golng concern AcCntIng standaS requwe Ihe direclor5. who a the Tiustees. to consider the appropriateness of Ihe gthng concern basis when preparing the finanual statements. On the basis of detailed proieGlion5 of income. expendrfufe and cash flow piepared using appropriate assumplions, Ihe Trusleès have a reasonable expectatK)n that Ihe chanlabk company and the group will continue in operational exislence lor Ihe foreseeable The diredors believe this to be tt case a$ the rharitable 9TOUP hgs posilNe resefve5 and ¢•$h balancè5. Foi this reason. the diredors consider that the going ern basis remains appropNate and tw contsnue to adrpt rt in preparin9 the annual financial slatemenl¥. 2.4 Income Al incorne is recognised once the Charity ha5 entrtthent lo Ihe income. it is probabb8 Ihat the income be feceived and Ihe arrKwnl ol incorne receivab can be measured lIablY. For ga¢le$, enlitlement is taken at the eartier of the date on whKh either.. Ihe CharItsb group is aware that probale has been 9ranled, Ihe eslate has been finalisecj and nolifjcation has been made by the Èxecutorlsl to thè charitable grp tlwl a dtstribubon will be made.. or vthèn a distribUtn has been received from the eslate. Receipt of a legacy. in whole or in part, is onty tonsidered probable when the amsjunl can be measured relrabty and the charitable gThip has been notified of Ihe exeeutorfs intention to make a dislribulion. whe legacies havè been notifTred to the charrtable group, 01 charitable group is awa ol Ihe granling ol probate, and the cTiteria lor income recognition h•vt nol l)een me( then the legacy is treated as a contingent assel and disdosÈd rf material. Grfts donated lor re58le are dUded ¥$ irKorne when they are so. Donated facilit5 ale Included at the value to the Charitab company wherè thts ean be quantffied and a third pariy is bearing Ihe cost. No amounts afe induded n the Staternent ol Financd AdTVrtps for serve$ donated by volunleers. InccYY tax recoverable in relatson to donalws recwbd under Gift or Deeds of Covenant 15 recognised al the time of the donation. Income tax Fecoverable in tatiOn lo inv•stmenl income 15 recognised at the tkY* Ihe Investnl income is receivable. other income is raeognise(l in Ihe perd in whKh it 15 receae and to the ellenl the have been prwded or on corne1n ofthe servti. Page 22
Wlsdom Hospic• Charlly (Formerly knuwn as The Fri•nd5 of the Wtsdom HospScel IA company Ilmjted by gur•ntee) Notes to th• Financial Statements For the Y•ar Ended 31 March 2024 Accountlng pollcles IconUnu¢dl 2.5 Expendllurt Expendrture 15 reGc43ni$ed gnce there is a IE9al or constructNe obligation lo transfer e¢onomic benefrt to a thrrd party. it Is probab that a Iransler ol economic tenefits will be requirefl in Settleftnt and the amount ol the oblvJalKn can be measurèd reliaNy. Expenditure ss classified by activty. Th• ¢osls ol each adivty are made up of Ihe total of dire¢t costs and $hared cost$, induding supptsrt ¢¢sts involved in urKlert8king each ath"vty. Direcl costs attribLrtabk to a Single actmty are allocated dwecl to that 8Glivily. Shared costs which contribute to more than one aclmty and suppryt costs which are not attnbulabk lo a single admty are apportioned betsveen a¢tivities on a basis conststent with the use of resources. Central slaff costs are all(Kaled on the ba515 of time spent, and depreu•lion harges all¢xated on the portion el Ihe asset's use. Expendrfure on ising lu1 indudes all eypenditure incurred by tht Group io rarse funds for its charitable purposes and includè5 Costs of all fundraising admties events and non-charilable trading. Expenditure on ¢haritaiqe activilies is Kred on ithrecty Lmdertaking Ihe a¢tNitlès which further the Group's ¢JbJectives. a5 as any a$s(lated support costs. Grants P8yable are charged in the yÈarwhtn the offer is made except in those cases where the offer is COndfflna[, such grants being recognised as eypendrture when the condflions attachin9 are fulfilled. Grants offed subject to condition$ which have ncl beÈn met at the year end are note¢J a$ a ¢ommilment. bul rKI 8¢cNed as expendrture. All exFenditur8 is incluswe of ittecoverk VAT. 2.6 Taxltlon The Charrty is considered lo pass the tests sel osjl in Paragraph 1 &hedule 6 Of the FInale Ad 2010 and Iherefore il meets the definition of a chatitabl¢ company fu UK cOrporatn tax purposes. Accordingty. the Charity 15 polertialty exempl from laxioTh in respect of income or caprt419ains received within categ)ries coverad by Chapter 3 Part 1101 Ihe COTaln Tax Ad 2010 or Sgdion 256 of the Tay2tion of Chargeable Gains Act 1992. to the extent that such in¢ome ar gains are applied exclusively to chartae pwposes. No lax chwge has sen in the ye8f. 2.7 Intangibl• assets and •mort6sation 1ntsn9¢ assets ¢o$lin9 £5.0 or more are ¢ap1aloI and recognised when futuffj economic benefrts are probabk, and the cost ar of the asset can be measured olkqt4y. Intangible assets are inibaty rtrc0gned at cost. After rocognitn, under the cost model. IntÈngib assets are measurgd at cost $S any accumulated amorti5ation and any accumulated impairmenl Amorti$OtKin prowdeil on intangknle assets 01 rnles ¢aIGU¢ lo wnte off th• ¢o$t of each asset a slrwght-line tsa$ over its exp¢ded useful lrfe. The asset had ncl been brought use at the b818nce sheet date and Xc01ngIY no ¥rTh)rtisation has been char9ed in the year. AM0SaI is provided on the folkwing basis: Wdebsile 15 years $traMJht line Page 23
Wlsdom Hospice Charity (Formerly knovm as The Friend5 ofthe W•sdom Hospi¢el IA company limlted by guarante•l Noles to the Financial Statements For the Year Ended 31 March 2024 Account5ng pollc•es (continu•dl 2.8 Tangible fixed assets and depreciation Assels a caprtalised al the Twslees, discretion, however am items costin9 more Ihan £500 are ahvays capiialised. Tangible fixed a55ets are rtialty rÈcognised at cost. After re>Qtjrtn, un(Jei Ihè cost rrb)del, tangible red 8ssels are measured al ost les$ 8¢¢Lrnulated depre¢iation and any accumulated impgtrmenr 108ses_ All cosls incvrred to brin9 a tangible frxed asset into rts inlèrKled working condition should be included in Ihe rneasuremenl of rrjst. A review tmpairment of a fixed asset 15 cald out rf events 01 thanges in ciFcumslances indicote Ihal Ihe car.n9 Value of any fTrxed asset may nol be recoverable. Shortf81s behveen the carryiny value of fixe(J assels and their recoverable amounts are re¢ogni5ed as impaimienls. Impairment k)sses are recognised in the Statement of FinarKwl ActNits. Depreaalion is charyjed so as lo allocate the cost ol tsrgible fed assets less their residual valuÈ over I1[ estimaled uselul lives, us¥ng the straigh14ine method. Depreciation is provvjed cffi Ihe f01kmw bases". Freehold propety Long4erm leasehtsld propety Fixtures and frtli Office equipment BkYIng 2% slraght4ine l Land Nil over thè lease term 20Vo Straight-line 20Yo StrawJht-line 2.9 In¥estm•nts Fixed assét InstmentS are 8 lomi ol financial instruTrnl and afe inrt recognised at their transact cost and sub$equentty measured at fair valve al Ihe Balance sheet dale, unlès$ Ihe value cannot be measured reliJly in vthich case rt is rnured at cost less impairmEnl. Inveslment gains and 1055es. whether realised or unreali5ed, are con>ined and presented a¥ 'GainsllLossesl on investments. in Ihe ConsolKlated statement of fin8ncMI aclivitres. 2.10 Sto¢ks stock5 a valued at the of cost and nel realisabb value after making due alknvance lor obsolete and slJw•mtsMng sloths. Cost indudes all dir8d costs and arh appropTk3le proporticfi of fixed and variabk ovetheads. 2.110ebto Trade and other debtors are recogntsed al Ihe $ètllent wnounl after any Irade diKount offered. Prepallent$ a valued at the amount prepwd ¢f Y trade discounts due. 2.12 Cash at bank and in hand C8sh at bank ond in hand indudes cash and short4ern hi9hty liquKI *)V8Stments with a short maturity ol thm rnonth$ OT less frryn Ihe datè of wuisstion or openIj of Ihe deposit or wmilar account. P•Je 24
Wlsdom Hosplce Charlty (Fomwrfy knovm a$ Thè Friends ol the Wisdom Hospice) IA company limiled by gu4r4niwl Notss to th• Flnancial Statements For the Year Endèd 31 IAarch 2024 A¢counting policies {continu•dl 2.13 Liabwlies and provisions Lkabilities are reccgnised when Ihefe 15 an 019¥bon at the Bak3n¢e sheet dale as a re$ull of a past event. it is probable that a transfer of economK benèfrt wrfl be requiied in settlemenl. and Ihe amtsunl of Ihe settkment can be estimated reliab. LkAbIlleS are retogni58d at Ihe thal the Chawity antPaleS (( wdl pay to 5eltle Ihe debt or the amount il has rec8ved as #ded payrnents for Ihe goods or servi¢e$ it must provide. Prowsions are measured al Ihe besl eslrnate of the amoLFnt$ required lo setue Ihe obligalion. Where the effect of the tirne value of money is Material. thè pro¥ision is based on the present value ot thos¢ amounts, diseounled at the pre4ax discount rale that rellecls the risks spe¢ifi¢ to ihe Ikabilrty. Th& unwindirwj of the dts¢ount is recogntsed in fhe C¢nsolthted $tst•menl of fin•rKial activitie5 a5 finance co$t. 2.14 Financial Instrumènts The Group onty has fnaftcial assèts and financial habilit8 of a kind that qualfy #s basic financkn inslruments. Basi¢ financBI instrurrEnts are initdty recc4Jnised al tran58dion value and subsequently measured at their settlement value. 2.16 P•nslons The Group operates a defined contrthtion pensim scheme arml the pensitin char99 repSents tho amounts payable by the Group lo the fund in respect of Ihe year. 2.16 Fund accountlng Genefal funds are unrestricteij funds are a¥?bIt lor use at the dixretion of the Truslees Wl fvrtherance of the general obj'ectives of the Group and wthich have nol been designated for olhgr purpjses. RestrKted fund5 are funds which *e ts be used in cold)nCe W1h speufic rnstriclitins pOSed by donors or which have been raised by the GTOUP for pa"Cular purposes. The costs of SIng and administering such lunds are clwged againsl the specific fvnd. The aim and use ol each restrided lund is set twl in notes to the financkil statements. Investment income, gwns and bsses are alkKated to Ihe appropiiate fund. 2.17 VOnteerS . The Truslees 9rateful for the unstinlirvJ efforts of the lUnteerS 8re inv<Aved in service provision. thanty $h¢ps and fundraisin9. In accordance wilh FRS 102 and the Charilies SORP IFRS 1021, the econcffjbc contribution of general vdtsnteers is fvjt included in the financial statements. Pa9e 25
Wisdom Hospicè Charlty IFormerfy known as Thè Fr•ends of the Wisdom H05picèI IA Company limfted by 9uarnnte•l Notes to the FinanGial Stalemènts For Ihe Year Ended 31 Aqatr¢h 2024 Critical accountln9 tstimates and •t•as of judgm•nt Estimate$ and judgments are continualty wakwted and are based on histori¢al 9xrienCe and oiher factors. inclUé experlalions ol I* •vÈnts that are believed lo be rea$able under the Ircumstsn$_ Cntical accounting esiimate$ and assvmptions.. The Charily makes esttmaiès and assumptK)ns concernin9 Ihe fuiure. The resulting accounting estimate$ and assurnptions wll. by definlion. seldom equal the related adual results. The estimates and assumplioris Ihal have a 519nrfJcant risk of Gau&TrJ a material adjustment to Ihe carrying amtsunls ol assets and Ikibilities wthin the nexi firhancial year are discussed bejow. me Legacy income is recognised in accordance with the income recognilKn policy. In calculaliNJ Ihe Ve1 of legacy r¥al, management is required to exercise estimation aThJ judgement. particularfy in determining the amounl and probabdity of receipt. Useful economic lrfe of tan ible fixed assets Us•lul economic lrfe 15 inline wrth the accounting pohcy. In setting these pc4itvès maro3emeni will consider the industry avwage of the asset Itfe and the nLYnber of years Ihey expe¢t the asset lo be use. In¢om¢ from donatlons and l•gacles Unrestriclwl Re8tri¢tsd lund8 lunds 2024 2024 T•l•l fLtnds 2024 Total funds 2023 Donolions Legacies 346.926 2.7 349.716 303,694 261,425 185, 136 650,620 653.410 446,561 Tolai 2023 446.426 135 446,561 Page 26
Wisdom Hospice Char5ty (Fonnerly known as The Friends of the Wiskn Hosplcel IA company limitèd ty guarantee) Not•s to tho Financial Staternènts For th• Y•ar Ended 31 March 2024 In¢om¢ from other trading activtties Incomelrom fundraising events UnrestrSclE4 Totsl fundg 2024 Tolal 202 2023 Fundraising Lotlery income Sales ol merchandise Sales of donated ite 111.559 127.685 6.012 504.801 111.$59 127.685 6,012 504.801 90,8 142.671 6.279 382.312 750.057 750.057 fj22.122 To1412023 62Z122 622, 122 Invèstment Inct)me UnTrstricted fund6 2024 Total Totel funds 2023 2024 DM"¢JttKls #nd interesl e1ved 9.3 9.330 4.599 Total 2023 4.599 Page 27
Wisdom Hosplce Ch41bty (Forme known as The Friends oflhe Wlsdom Hospice) {A company limited by guawanleèl Notes to the FinClaI Statements For the Year Ended 31 Mah 2024 Expenditure on raising funds Costs of nising Voluntary income Llnrnstricted lund$ X124 R•$tri¢ted fund8 2024 Total funds 2024 roiol lund5 2023 Support cost5 Investsnent manageffrnt tharg¢S Purchase for resale Fundraising sl8ff cos15- W89es and salgrie5 Fundraising stsff costs- so¢ial securrty costs Fundiaising slaff costs - penSn costs Deprecialn 268,071 11.500 2.095 270,166 11.500 250,364 72.920 1,895 308.025 21, 107 7,272 12,627 4C6.532 23.979 8.705 4t,532 23.979 B.705 14.722 lal.722 740.853 2.095 742.948 614,270 Tot&12023 614. 103 IOT 614.210 Po9e 28
Wlsdom Hosplce Charity IFormerly known as The Frlends olthewisdom Hospicel (A Gompany limited by guarant¢el Notès to the Financial Statements For the Year Ended 31 March 2024 Uhrestricted fund& 2024 Totsl fund8 2024 Toi 2023 Support costs Rent, rate5 and utortEs Staff wÈNarè. training and 8ntèrtainm8nt Recwitment COs1s Travel expensos Repairs and renewa Professional fees Fundraising expens¢s and nI costs IT and office costs Insurance Subscriptitins Bank ¢harges Opreckation Sundry costs GovemarKe c¥)sts.' Auditis remunerath?n Ae¢wntancy costs 121.888 1.111 5.511 9.045 3.389 1,237 37.814 32.6 13,250 2.561 13.$97 S,816 121.888 110,296 1024 7,757 1.998 4.243 85Q 5.511 9.045 3,389 1.237 37,814 32.968 13,250 2.561 4a690 24855 10.794 2,338 11,782 6. 787 13.597 5.816 3.804 1.273 11.2CKI 6.975 11,2(M) 6.975 11,935 742 Total 2024 270.166 270.166 250.364 Analy$i8 of expenditure by aclivities Grant fvnding of I¢¥1t1•S Total lund 2024 Total fvnd5 2023 2024 M8thvay Communty Heallhcare n4,092 724.L¥92 724.092 Tc¢a12023 724.&12 724,092 Audltorfs remurneratlon The audilors. remuner81ion arrrf)unts to an audrtor fee of £11.200 {2023- £11.935). Page 29
Wisdom Hospic• Charity (Formerfy known as The Frlends of the Wisdom Hosplcol IA COrnny limited by guaranlee Notes to the Financial Statements For the Y•ar Ended 31 March 2024 10. Stsff eosts Group 2024 Grnr eharbty 24 Chorily 2023 2023 Wa985 and 5alwies Social security costs Contntr¥Jtion to defined contributM)n pènsb)n schemes 406.532 23,979 304025 21, 107 177.015 12,315 103,296 11.383 8.705 7.272 5,253 4,770 439.216 336.404 194.583 179,449 The average number of pèrsgns empkJyed by the Charrty durin9 the year a5 35 I0.. Group 2024 ¢harity 2024 Ch8n"ly 3023 No. 2023 No. Fundraising Support Shop 18 14 No employee T8¥ employee benefts anwnting to nxjre than £60.000 in eith¢r year. The Trusltes consider Ihemsel¥e5. the Chief Exer1Ve OffKr the Fin¢la1 Ccffitroller 8S compiising Ihe key managemenl personnel of the GTOUP. Total employee benefrts (includin9 social security costs and emph)yerfs pension contributK)ns) for the year ended 31 March 2024 were £98,426 12023.. £93.2461. 11. Tru$t••s' r¢munration and •xpens•g Duriry the year, no Trustees receNeil any rall)n or other berffts (2023- £NILJ. During the al gnded 31 March 21Y24, no Trustee expenses ha%* been inc¢Jrred {2023- £NILJ. P•91 30
Wisdom Hospi¢È Charity (Forrnerfy kno¥m as The Friends ofthe Wisd<)m Hospice) IA company limil•d by 9uarant••l Not•$ to the Financial Statemènts For the Year Ended 31 March 2024 12. Intangibl• assets Group and Chavlty Web81 Cost A(Iditions 5,400 Net l)ook value At 31 March 2024 5.400 11 Tanglble red a$8ets Group Freehold property Lea58tId Fixtttm Costs ffttings equlpm•nt Total Cost At 1 April 2023 Addbtior*s Oisposal$ 378.448 10.356 6.1 151,715 17.059 9.454 973 549.974 24,228 17471 (747 Al 31 March 2024 378,448 16.552 1fj8.775 9.680 573,455 D•prnci•tion A¢ 1 April 2023 Charge fol the year On disposals 103,075 5.046 77.219 14.094 7,271 770 12491 194.561 20.538 12491 628 At 31 Marth 2024 108.121 7,624 91.313 7,792 214.850 Net book valué Al 31 March 2024 270.327 8.928 77.462 1,888 3S8.605 Al 31 Mwrh 2023 275.373 74.497 Zl83 355,413 Pag8 31
Wisdom Hospitt Charity {Formefly known as The Frnnds tsfl Wdrn Hospi¢el IA company limbted by guavanteel Notes to th• Flnancial Statements For thty Year End•d 31 March 2024 13. Tangible red assets Icontinuedl Charity FrelKld PrortY equ¥¢1 Total Cost At 1 April 2023 AdditN)ns Disposals 378.448 9.454 973 387.902 973 1747} 17471 Al 31 Mar¢h 2Q4 378.448 9.680 388.128 Depreciat5on At 1 April 2023 Charge for the year On disposals 103.075 7271 770 1 JO,346 5,816 12491 5.046 12491 At 31 Marth 2024 108.121 7,792 11S,913 Nei book valuè At 31 M8r¢h 2024 270.327 1.888 272,215 Al 31 March 2023 215.373 2.183 277.556 14. Fixed asset investments Portlolio ¢•$h h•ld by Inv95trnent manager vestments Total Group and Charlty Valuatlon At 1 April 2023 Addit•$ Dlsposals Revaluat 942.682 434.654 151.051 129.822 1.093,733 564.476 1770.535) 86.427 1555.823) 88.427 (214.7121 At 31 March 2024 7.940 66.161 974,101 Page 32
Wisdom Hosplc• Charity {Formety known as The Frlends of thè Wlsdom Hospleèl IA Gompany limlted by guaranteel Notes to tht Financl¥l Statements For the Year Énded 31 March 2024 14. Fixed ass•t investments Icontinued The hi%lorK ¢osl of listed inveslments al 31 March 2024 ¥Yds £1.Cfj1.10712023". £1.061.107). Investmonts cornprise the followin9: 2024 2023 EquitV2$15ted} Fixed intert51 Cash Attemative in¥estsnents 536. 238,881 137.999 60.675 650.937 2G.338 151,051 82,417 974.101 1.093.T33 I rix•d a55et investrnents ar* held in th• UK. 15. Slocks Group 2024 Charfty 2024 2023 2023 Finished goods and go¢ds for resale 11,424 6,2 11,424 16. Deblo Group 2024 Chartty 2024 Charity 2033 2Q23 Du• wlthln one year Amounts ¢x¥ed by group undert8krrtgs Olher debtors Prepaymenls and a¢¢rLted in¢omè 40,0 831 15.270 316,240 IZ209 230,732 10,503 292.001 203.186 331.510 241941 3D3.104 244,017 Page 33
Ihl$dom Hospice charity (Fonnerty known as The Friends ol the Wisdom Hospice) IA rompany limited by gy4rantee} Notos to the Financial Statements For the Year Ended 31 March 2024 17. Creditors.. Amounts falling within one y•ar Group 2024 Gffjup 2023 Charity 2024 charrfy 2023 Trade credito Other taxalion and socBI securty Other creditors At¢ru¥ls ant1 dèfer incL 141.781 9.189 6.476 22,290 83.391 593 136,436 4,335 1,478 13.915 67,253 6,593 1.512 12.633 4. 799 14321 179.736 113. 104 1S6,154 87.991 Croup 2024 Group 23 ChiTIty 2024 Ch8ri1y 2023 Deferred income at 1 Apfil 2023 Resources dfeed dyrin9 the year Amovnts reaSed frorn preVS wods 324 745 324 745 1324) 2.523 1745) 324 13241 2.523 (745) 324 2,523 324 2.523 324 Delevred income reles lo ts.ckel sales lor fundraising e5 Ihat take place post year end. Flnantlal inslrumenis Group 2024 Gmt 2023 Charlty 2024 Charity 2023 Fin•o¢ial a5set5 Financial assèts mea$ured at loir value through in¢ome and expenditure 489.377 1,093.733 237.341 1.093.733 FinaNal ¥$s¢l$ m803ur¢d 01 Iwr ¥alL compri$¢ lisled invesimgnts. Pwae 34
Wh&dom Ho$plcÈ Charlty {Fomierly knovm as The Friend5 of the Wd0M Hospice) (A company limited by guarantsel Notes to the Flnanclal Statements For the Yeai End•d 31 P•lar¢h 2024 19. S&itemert of funds St4t•m•Trt of fund$- current year Bal•n¢• •t 1 April 2023 Galnsl Bal•n¢¢ •131 ILosse81 Mar¢h 2024 ¢om• EMp•nditur• Unrestricted funds Gen Funds- oll funds 1.884.734 1.410.tN)7 11.464.447) 8S.929 1.916.223 R•slricted ld$ D Hoskins fund Mi$ Jameson fund .R Watts fund L Averyfund L Hurnphreys fuThJ D Swattm fund Lind¥ Rirhards Arl Therapy P Humphr8ys fund Curiys SittiTh3boume Staff Chrislm?s Party Asda 2C 13201 11981 48 1.133 935 133 133 315 12981 17 140 140 1CQ 1Q) 35 1.590 1.2 112021 177) 1.123 2,474 2,7 12,0951 3,169 Totsl of funds 1.887.2L 1.412.797 11,466,5421 5.929 1.919.392 Page 35
isdorn Hospic¢ Charty (Formerly knovm as The Fri•nds ol the W15dom Hospice) IA ¢omparty Ilmited by guaranleel Notes to th• Financial Statements For the Year Ended 31 March 2024 19. Statement of funds (continued) ReStrted funds The D Hoskins fund is used to fund the ward 7th the hospti. The Mr5 Jame50n lund is to be used for thè devèwnent oflhe wards. The R Watts fund is to be used for nurwng training. The L Avery fund is to be used for the develcpnnt of Ihe outshle Space 81 Ihe hospKe. The L Hurrphreys fund is lo be used for twne patients with a nurse. The D R Swatton fvnd is to be used for tea and c¢es lor slaff. The Linda Rthards Art Thefapy fund is to used for art tlvapy. P Humphrey5 lund is to be used for nwses on the vard al the hospice. The Cuftys sittingbJrne fund is to be used to purchase headFkntsnes for patient ljeds. The siaff Chiistsnas paty lund is lo be used lowafds wmual Christmas paty. Asda fL#)d is lo be 4>1 on resmlenl's personal care needs. SultKienl resgurces are h•kl in an appropr1 form to enabl? thch to applied in ?¢wrdance with any reslriciiorH. Page 36
i$dom Hospieè Charity IForn)erfy kn(Mn as The Friends olthe Wisdom Ho$pi¢l {A company limited by guarnnt¢) Notes to the FlnancSal Statements For the Year Ended 31 Mah 2024 19. Statement of funds leontinuèdl Stat¢m•nl of funds- prlor year 8lance èl 31 March 2023 8alwTr¢• 01 YW2022 G•ln81 (L03sesJ .UnreBtrlctsd funds General Funds 2.190.775 1.07J.141 (1.338.195) (4CI,993) 1,884.734 Reslricted funds D Hoskins fund Mrs Jameson lund R Watts fund L Avery lund L Humphreys fund D Swatton lund Linda Richards Art Therapy P Hurnphfeys lund Currfs Srttiwume (72) 1.133 133 1.133 f33 (35) 315 140 14Q 100 35 2,446 135 f107) a474 Totsi of furrfl$ 2,793.221 1.073.282 (1.338.302) (40.993J 1.887,208 20. Summary olfunds Summary of funds- CUTrent year Balan¢• at 1 April 202J Gain$1 B¥lanGe al 31 ILotsesl March 2024 lTrcome EJtp•ndlbJre General fvnds Restrieted lurrfs 1.884.734 2.474 1.410.CD7 11.464.447) 12.0951 85.929 1,916,223 3,169 1.887.208 1.412.797 1.4e,5421 85.929 1,919.392 Page 37
Wisdom Hospict Charbty IFornrfy as Tht Friènds of th• W•sdorn Hospice) IA company Ilmlted by guarantee} Notes to the Financlal Stat•ments For the Y•ar End•d 31 Ihlarch 2024 20. Summary of funds Icontinued) Summary of funds- priory•ar 4lonc& al 31 M8r¢h Z023 8alance l Apn"12022 Ga (LosS05) Inc(¥ne Exp8n(ttE General fund5 Restre funds 2. 190.n5 2.446 1.073.147 135 (1.338.195) 1107) (40.993) 1.884, r34 2.474 2.193,221 1.073.282 fl.338.302J (40.993J i.e87,208 21. Analysis ef n•t a¥s•ts belw••n funds AhalysSs of net a$stts belwe•n funds - ¢uirent perio Unrnstrieted Restri¢¢•d fvnds fund$ 2024 2024 Totsl funds 2024 Tangle fixed assets Intangible fixed as5et$ Fixed asset inveslments Current assets Credrtors due wrthin one s 358.605 358.605 5.4 974.101 761.022 1179,7361 5.4KI Y74.101 7S7.853 1179.7361 3,169 Total 1.916,223 3,169 1.919,392 Analysis of nèt assets between fvnds. wfior p•riod Unreslrict8d Reslricled fvnds IunLts 2023 To¢al lunds 2023 3023 Tangibl8 fixed assets Fixed as5el investmenls Currenl assets Crdrfors due within one 355.413 1.093,733 518.692 (113.101) 355,473 1.093,733 557.166 (113.1} 2.474 Tot•1 1.884.734 1474 1,887.208 Page 38
Vlrndom Hospicè Charity IFormty known •s The Frients of the Wlsdom Hospic¢l IA company Ilmlted by gu•rnntÈÈl Notes to the Financial Statements For the Year Ended 31 March 2024 22. Re¢on¢lllatlon of net movemenl In lunds to net cash flow from operating activities Group 2024 Gmup 2023 Net inccmelexpendllure for the peiKl18s per StalemeN Financial Activity) 32,184 (306.013J AdJu3tments fof: DePrecket ¢hafges Gainslllossesl on inveStnIg Divmlends. interests and rents from Innts DecreasellinCSe} in stocks Increase in debtors Increase in creditors 20,538 186,4271 19,3301 5,128 188.5651 23.582 19.413 40,993 (4.599) fl,28OJ (167.9391 54.218 14•t cash used In operatlng activltles 1102.8941 (365.207J 23. Analysis ol cash and cash •qul¥al•nts Group 2024 Gmup 2023 Cash n hand 423.216 296.801 Total cash and cash equivalents 423.216 296.801 Analysls ol chang•8 In n•t d•bt At 1 April 2023 At Jl M*r¢h 2024 C•$h Ilo Cash 81 bank and in h8rtd 295.801 126.415 423.216 296.801 126.415 423.216 Page 39
Wisdorn Ho$pl¢e Charity IFom)erly kn4)wn as Th Friends ol Ihe Wisdom Hospic•l IA company limlted by guaranl••l Notes to th¢ Financlal Statements For the Year Ended 31 March 2024 2S. Penslon commltments The group operates a defined contrbutron pension scheffe. The assets otthe scheme are held separately from th¢se of Ihe 9roup in an independenlly adminkstered fund. Thè ponsion cost chargè represenls Contribut$ payablE by the group lo the fvnd and amounted to £82512023.. E1.2611 [ payable lo the fund at the balancè sheet date and ¥fe included in credrtors. Operating lease commitinents Al 31 March 2024 Ihe Group and the Ch¥rty had ¢¢)rrnirtrnenl$ lo make future minimum Ise payments under non-[1¢¢11able operatin9 lease5 as folbvS". Gmup 2024 Chartty 2024 Ch8rily 2023 2023 Not later than 1 par Laler than 1 star and not laler than 5 yew5 Later Ihar 5 ye 60.261 155.917 52,271 2,011 182.928 85.531 2,011 268.449 335.148 2.011 4.022 O¢h¥r finan¢ial commltrnents Wisdom Hospice Charity act as a guarantor under an 89reemefit dated 13 JunÈ 2013 in respect of a lease on shop premises in Sittingbour, Kent. A5 guarantots they are li?bk for all obligations by virtue ol Ihe lease. The annual Fenl IB £25.750, Ihe is for 10 year5. Wisdom Hospice Charrty act as a guarantor under an agreempnl dated 22 November 2016 in respèct of a lease on shop premise8 n Ch8lham. Kenl. As guarantots they are liable lor all obliqalions by wrtue of tho lease. The annual tent is £25.000, the lease 15 for 10 years wrth a break cVSe after S years. Wisdom Hospice Charity act as a guarèntOT under an ¥9reemenl ded 2 May 2019 in respect of 8 lease on shop premises in Rixhesler. Kenl. As guarantors they are Sable for all obligations by wrtuè of thè lease. The aral rent is £19.750. the lease is for 10 year5 Wrth 8 break clause after S years. Continyni assèts Wisdom Hospice Chanty received notfftation thal it is enbtkd to 23 logacs. thè value ol whh cannol be rellaY •stima1. Con$•qwiUy. the value of these le9ac*s have not teen included in thèse linanri?I Statements. 01 thE above le9rn, four are subJ8ct to the intelest of life ten and not be recc4Jnised until the death of tenant, in accordartce with ltro wuirements ofthe chorib.es SORP IFRS 1021. 40
Wisdom Hospice Charity (Fomierfy kno¥m as Thè Frl•nds ofthe Wisdom Hosp5cel IA ¢ompany limited by guarantee Not•$ to th• Fin•rtclal Statèmeo)ts For the Year Ended 31 March 2024 29. Members. liabllity Each member of the charitable company undetskes to contribute to Ihe assets of the company in the event of rt being W(nd up whik helshe is a member. or within orte year after hel$he ceases to be member, such amount as may be reqUij. not exceeding £5 for the debls aThJ liabilrtiès contracted before helshe cease$ to k a rnenknr. R•lat•d party tr•nsactlong The cha has not entered into any rdaled party tran88CtKns during Ihe year requn9 discb3sure under the Charthes SORP FRS 102. Page 41