ou￿n EnRbFe ID.. 8I3F8798-￿llH153.￿2c0-14E6864l7167 R•ghtered number: 01632714 Charity number: 2B4894 Wisdom HospiGe Charity {A Company Llmlted by Guarantee) Tru5tees' Report and Financial Statoments For tho Year Ended 31 March 2025 Llo¢w*an ID.. 8l3F87g￿El￿53-￿XD-14e686417187 Wisdom Hospice Charity {A Company Llmlted by Guarantee) Contents Page Rèference and administratSve delals of the charitablg company. ts Trustees and ayvise Trust995' report Independent auditorfs report on the financial slat¢m¢nts Consolidated Statement of financial ￿tiVitieS 2-11 16 Consolidated balance sheet 17 Charitable company balan¢e Sheet Con801idated statement of cash fl 18-19 20 Notes to the financial 8tstem8nls 21-44 Docusyn ID.. 813F879$5E11W53-A2¢1>14B6e6417167 W1￿0M Ho$pi¢e Charity A Company Llmlted by Guaranteol R￿grenCe and adrninis¢ra¢ive dgtrils of the Charity. Its TrUst￿S and advisors Forthe year end•d 31 March 2025 Trusteos Mr. R. Harris (Chairman until 31 March 2025, President from 1 April 20251 Mrs. V. Webster Ichairman from 1 ApTiI 20251 Mr. N. Wright (Appointed 13 November 20241 Mrs. S. Fairbrace Mrs. M. Barker (Reslgned 13 November 2024) Mrs. J. Oliver {Resigned 14 April 20251 Mr. R. Coleman Ms. V. Brown {Appoint8d 13 November 2024) Mr. A. Gray Mrs. B. Fisher Honorary Vi¢e44r•sid•nts Miss. B. Taylor Mr. J. Mangan Mr8. T. Sillars Mi. R. Coleman Mr. J. Wootten Mr. D. Turner Chlef ExKutlvg Mr. M. Reeves Senior Managom8nt T8am Ms. J. Buck Mr. J. Hale-Brown Financial Controller Head of Income Generats'on Company 10g1stsr￿ numb•r 01632714 Charity r•gistsred number 284894 Roglstgred offlco High Bank Rochest8r Kent, ME12NU Page 1 Dwthijn Enyelcy ID.. 813F879&5E11W5>A2CD-14e686417167 $dom Hosplce Charlty IA Company Limitfrd by Guarant••l Reforon¢o •nd odmlnlstrotlve detslls of the Charlty. Its Trustees and advisers For th• yoar onded 31 March 2025 Indep•ndènt audltor UHY Hacker Young Thames House Roman Square srttingboume Kent, ME104BJ Banke NatWe$l 148 High Street Chatham Kent, ME4 4DB Lloyds Bank 142-146 High Street Chatham Kent. ME4 4DQ Soll¢ltor& Gullands Solicitors 16 Mill Street Maid$lone Kent, ME15 6XT Inv￿lMont managor Ascot Uoyd Uni(7 Priory Gate 29 Union Street Maidslone ME14 1PT Page 2 Docusi9n En￿1￿ ID: 813F8798-5E1(￿5￿A2cD-14￿686l17l67 Wisdom Hospico Charity (A Company Limited by Guardnteel Tiustees, report For the year ended 31 March 2026 The Trustees (who are al$0 the dir¢dors of the chaTilable company for the purpow ofthe Companies Act 20061 presenttheir annual report togetherwith th8 audited financial sLitements ofthe group and the chafitable company for the year to 31 March 2025. The Trustees confim Ihgt the annual report and financial statements of the charttable company comply with the current slotulory requirements, the requirements ofthe charitable companvs governing document and the provisions of the Statement of Rfjcon￿ended Practice (SORP}, applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ropubli¢ ¢)f Ireland IFRS 102) {Charities SORP (FRS 102)Isecond edition- October 20191). STRUCTURE, GOVERNANCE AND MANAGEMEKr Constitution The charity 1$ ￿9thered as a charitable company limited by guarante8. The charitable company is constituted under a Memorandum of A￿O¢latIon dated 22 February 1982 and is a I￿4$tOr8d charty, number 284894. In the event of the charitable company being wound up, members are raqulred to conlribule an amount not exeeeding £5. There have been no changes to the objecls of the charitable company since the last annual report. The charitable company has one subsidiary undertakiNJ. Imsdem HospKe Support, whteh 18 8 sep¥ate registered charty. Method of appoln¢ment or 91gCtlon of Trust•o5 The group has ensured that the Iruslee body is ¢onsliluted in accordance with the governing document. The directors of the chaiilable company are also charty Iruslees for the purposes of charity law and under the charitable company's Articles of Associalion are kn¢)wn a$ membèrs of the Councll of Management (Board of Trustees). Al each Annual General Meeting one third of the directors musl retire from office. Those to retire by rotation are those who have been longest in office since their last appointment. At the forthcoming Annual General Meeting, in accordance with the Articles of Ass¢xiation Ray Harris and Wicki Webster retired by rotation and being eligible. offered themselves for ￿lectIOn. Mr8 M BaTker resigned from the Board on the 13 November 2024. Al the end of Ma￿h 2025, the number of current directors was nine. During the year Ms V Brown and Mr N Wright were appointed lo Ihe Board on the 13 November 2024, It is not P085ts1e lo have less than five or more than fifteen members of the Board of Trustees. Authority to appoint new directors rests with the charitablo company but the directors may 81s0 appoint a person who is willing to be a director, in the recognition that this appointment would be approved by the mernber5 al their next Annual General Meetsng. The Trusta8s have taken care to ensure that the Board has the appropriate skills an¢J knrywkdge to conduct the business of the group. As well as general business skills. the nalijre of the work they do requires that Trustees are able lo bring with them experience and knowledge in many areas inclLtding finance and accountancy. HR and employment law and G$￿emance. All Trustees have a common interest in promoting the ngeds of thg IMsdom Hospico. All members of the Board of Trustees give their time voluntarily and receive no benefits fmm the group. Page 3 DocL*ign Eth¥e￿pe ID.. 813F879&5E10445>h2CD.14B686417167 Wlsdom Hosplce Charity IA Company Limitèd ty Guarante•l Trustses, report Fortht ye•r ended 31 March 2026 Thfr￿ were no exponses reclaimed from the ¢haiilable company during the year. Pollcies adopted for the Inductlon and tralnlng of Trustses All new Trustées rtteive an induction pack lo acquaint Ihemselvgs Wfth the group and rts aims acti￿ties, management and governance and what is expe¢ted ol them under charity law. Addf(ionaly. new Trustees are invit&d lo meet with the Chainnan and Chief Executive lo leam more about their rolg and about the group's activities. Trustees are welcome to join in any training offered for staff. Pay pollcy for senlor staff Salaries are reviewed annually by the Trustees, taking into account salaries paid for comparable roles in simrfar organisalions. There are third party salary 8uNeys of ￿muneration in the hospice sector and charit￿S more generalty which provide helpful Input to this process. Oryanlsatlonal structurg and doGision making Durin9 the year under rewew, the Board of Trustees mel on seven ctcasions and are responsible forlhe strategic direction and policy of the group. The Chief Executive and Senior Management Team attends board meetings but have no voting lights. The board delegates the day lo day responsibilrty of the running of the group to the Chief Executive who is responsible for ensuring that the group's financial targets are met and also Ihal all employees continue to develop their skills and working practice in line wlh good practice and innovative way5 of fundraising. The Chief Executive is abty assisted by the Senior man8gement Team comprising of the Financial Controller and Head of Income Development in their responsibilities. The Board has continued lo operate the Audit & Investment subcommitteo. Subcommittees alkhv Trustees to monitor and review the activities of the charity betr￿en formal board meetin9S. The key management personnel of the charitable company comprise the Trustees and the Chief Executive. The Trustees who served in th6 year are as follows" Trustee DiredoTS Role Committee Mr. R. Harris r8. S. Faitbrace Mrs. M. BaTker {Resigned 13 November 2024) Mr. R. Coleman Mrs. V. Webster Mr. A. Gray Mrs. 8. Fisher Mrs. J. OINer IResigned 14 April 2025) Ms. J. Murrie {R8$1gnod 17 July 20241 Mr. N. Wright (Appointed 13 November 20241 Ms. V. Brown (Appointed 13 November 20241 Chairman Committees A- Audit & Investment B- Board Page 4 Dcwn Enwknpe ID.. 813F879MEILw53-A2Ct￿14￿Ow11l87 Wlsdom Hospice Charlty IA Company Llmlted by Guarantee) Trvstg8S' rnport Forthe year onded 31 March 2026 Related party relationships The group oparal8s shops salling donated goods Ihiough its subskliary company, Wisdom Hospice Support. The Trustees receive regular operational reports about the subsidiary's performance. Rlsk management The Trustees have assessed the major risks to which the group is exposed. In p8rticul8r those related to the operations and finances of the group. This involved Idenlificalion of the type8 of risk the group faces and prioritising them in temis of potential impact and likelihood of occurrence and identifying and tracking the progress of measures lo manage them. The ongoing risks associated with the aftermath of COVID-19 pandemic were considered as part of the a$S￿$Ment as were the risks related lo the (￿gOing Cost of Living Crisis. The principal risks idenlified are.. Rlsk Identlfled Ability to build sustainable and predictabk income lo meet funding demands and ensure long tem sustainability. Strate to mltl te rlsk Eslablishing a pwdent and sustainable expendilijfe plan to maintain reserves at sufficient level$ to maintain solvency. Devekjping and irrplementing a Strategic Plan for the period 2025 to 2027. The Board has continued to consider the risk5 that the charity 15 exposed to maintsining an up-l¢xl•tp Risk Rggisler which will be regularty reviewed to gn$ure risks are managed effedively. OBJECTIVES AND ACTIVITIES Policios and obj•ctiv6s The group's purposes are set out in the 'Objects' clause contsined in the charitable company's Memorandum of Association. The principal objed of the group 15 to promgte the relief of suffering and treatment of illness. The aim of Ihg group is lo maintsin an annual grant lo Medway Communty Heatth¢are to not only ensure that the current services are maintained but, where possible, to continually improve upon these services. The group's main objective and focus fortheir work during the 2024125 financial year was to continue to promote and support The Wisdom Hospice. The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on the public benefrt when reviewing the charitable Company's aims and c*)jedNes and in the planning of firture activrt*s. Strategies for achieving obiectives The charitable wmpany works to a detsiled budget vthich is clt)sely monitored arbd reported on to the Trustee5. with a vw lo trying to ensure that fundraising targot$ are ¥h￿ved, and expenditure ig managed effieièntty. The Chaiman and Chief Executive attend regular meetings of South E8sI Hospices also attended by Hosp UK. In addrtion, the Chief Executive altends a variety of netsvorks both regionalty and nalionalty in an effort to share best practice, discuss innovation and benchmark the group's actNilies. Page 5 Do¢L*lJn En%*lope ID.. 813F879&5E11W53-A2CD-14B686417167 Wisdom Hospice Charlty (A Company Llmltod by Guarant￿) Truste#s' report Forthe year ended 31 March 2025 Ac1lvlti￿ for achleving obje¢tiv•s In setting plans forthe group. the Trustees give consideration to the Charity Commission's general guidance on public benefit and. in particular. lo the public benefit of providing support for the relief of ill-healih. How our actlvltlgs d911vgr publlc bgnefft Thewsdom Hospice provides specialist palliative care support totheadull population of Medway and Swale, 3 pDpulatir)n of 0￿r 400,000. These services are open and free lo all members of the public. and they support patients both at the hospice and within their ¢)wn homes. The group supports these services with an annual grant to the hospice which adds significanlty lo Ihe public benefrt. making facilities available whi¢h would otherwi$0 not be pg$$ible on the NHS budget akjne. All expenditure by the group reviewed against the PL*)lic benefit principles and the TTuslees ensure these expenses ropres8nl an appropriole use of charitable funds. Volunts•rs The Trustee8 are grateful forthe unstinting efforts of the volunteer8 who are Involved In servlce provlsion, charfty sh¢¥S and fundraising. The charitable company saw an in¢￿8$e in volLbnt*r donat￿ hours during this year to 34,788 hours (2024.. 28,806 hours). The charitable company has a volunteer c¢x*rdinator to ensure that best value is derived from the sterling efforts ol our volunteers. ACHIEVEMENTS AND PERFORMANCE Rèviow ¢f aclivitio1 Overall during the year lo 31 March 2025, the group generated total income of £2,124.123 an increase of £711,326 on the £1,412,797 received in the previous year. Other than £10,403 {2024-. £9,330) received from our 1ft￿tMent portfolio, and £7,94912024.. £nill rental income, all other incomè i8 received from voluntary sources, such a$ donations, legacies, fundraising evonts, and GLtslomer$ purchasing items from our ¢harty $hops. Our team work extremety hard lo generate ils income streams to be able to continue to suppthl the W8dom Hospice and it with 9ranl fvnding- which thi8 year totalled £783,274 {2024'. £724,092). Donations and le cies Overall income from donatKJns and legacies increased in the year under review by £575,589 to £1.228,99912024'. £653.410). This was primarily as a result of an increase in legacy income 01 £609,836 which totalled £913.530 for the year to 31 March 2025 {2024'. £303.6941. Incorne ftom don*ions in kind, dOnat￿nS, and related grft aid, decreased by £34,247, t¢)tslling £315,469 for the year ended 31 March 202512024.. £349,716). Fundraisin Overall fundraising income in the year under review increased by £126,715 10 £876,772 (2024". £750,057}. This wa5 primarily due lo the increased sales of donated items by £96,269 10 £601.07012024'. £504.8011. Genernl fundraising income increasedto £133.58412024.' £111,559). Lottery income however reduced to £120,09712024.' £127,685). Page 6 Docu8un EnvelDpe ID.. 813F8798-5E1O4453-A2C￿14BS88417187 Wlsdom Hosplce Charlty IA Company Llmlted by Guarantsel Trust•ts' rnport Forthe yoar gnded 31 March 2025 Sho The group operates four high street shops in Sittingbourne, Chalham, Rochester and Sheerness town cenlres as well as an online shopping plattonn. In October 2024, a new shopping experience opened at The Hangar in Rochester on an industrial estate. Trading has continued to be positive with income perfoming ab)ve budgeted amounls. Donation volumes were maintained as was the quality which is of a high standard. Trading on eBay continued lo improve in the last year. Maintaining and the recruitment of volunteers has been a challen9e. We are so grateful to all our volunteer3 for the commitment they have shown and their hard work for the charty. Lottery continues to be o challenge due to the current econc*ni¢ climate with player numbers red￿ed as a number chose to cancel their subscriptions. The lottery provthr continuos to work hard to maintain playgr numbers and the charty is working closely with the lottery provider to try lo improve this Situation. Cha rename As part of the charitable company's operational strategy the tharity's name changed in September 2024 from Friends of the Wisdom Hospice Limf(ed to Wisdom Hospi¢e Chaty. The change in name was well re￿iVed by our supporters and wider communty with engagement in¢reasing which will see a positive impa¢t on incon generation capabilities for the future. Invgsljnpnt policy and porf¢m)an¢e The charitable company has a low-risk inveslrnenl policy. The value of its inve$lmenl$ has reduced during the year under review, de¢rea$ing from £974,101 as 8131 March 2024 10 £913.720 a5 al 31 March 2025. Due to the fall in the stock markets and pressures on cash flow during the year, the Charilabfe company wrthdrew £100,000 from the investments. The groups investments w8r@ rebalanced during the year and are under re9ular review by the group's investment manager. At 31 March 2025. the entire portfolio of equities, fixed interest, and allemative investments was converted to cash, as the Charity's invesknenl manager changed investment platfomis from Fusion Wealth to Fundament to improve performance and redL+ce costs as from April 2025. Hosplc• Grant The charitable company's annual grant Increas￿ to £738.57412024.. £724.092I. The chanty continues to work closety with the hospi￿ operator me(fv￿y Community Heakhcare and are investigating ways in which they could fund new facilities or equipmonl via specifK grant funding Sources for these extras that will add value to the patvenl expewience. In addition lo th8 regular grant during the year the Charitable company supported the hospice by supplying frfleen new riser chairs for the in-pati8nl unil at a cost of £44,700. Factors r•levant to •chlev• obJoctlve8 The charitable company monitors the return on invested Iwne and expenses on all its events with a view lo ensuring return$ are M￿MISed. Page 7 Do￿￿jn E￿lOpe10.. 813F879ME11W53-A2c￿l4B8e6417l67 Wisdom Hospice Charity (A Company Llmlted by Guarnnlee} Trustws. rwrt For Ihe yèar •ndod 31 March 2025 Inforniation on fundrjising practices The charrtable company receives financial 8UPFQrt from its donors across a wide range of evenls and activities and Ihe Tnjslees ara vary grateful lo these donors for their generosity. Donations are acknowledged with a letter of Ihanks from the Chief Executive or a phone co11 when appropriate in recognition of significant donations or actions. The charitable company regards its relationships with donors and supporters as highty important and il prides itself on those it has bulk over many years of fvndraising. The fvndraising team looks lo be innovative with its events so as to maintaln maximise income and supporter engagement and to inspire the next generation cl donors and supporter8. The charitable company carrKgs out its furKlraising in a fair and responsible way and ensures that fund$ raised are spent effeclNely lo bring m8ximum benefit to the patients and relatwes connected with The W15dom Hospice. It5 reguL4r newslettets and websf(e share the latest news of achievements and reinforce 11$ gratitude lo donors. The charitable company also ensures Ihal donors have control over how they GommuniGale wrth it. The charitable company strives to ensure that its fundraising is conducted lo the high&st levgl of quality and safety. Fundraisers and partners aTe trained lo comply with best praclites and procedur8s - particularfy in protecting individuals who may be in vuIr￿[ab￿ circumstances. The approach is donor focussed and designed lo ensure that donors enjoy and benefit from their engagement with the charltable company. Wisdom Hospice Charity is regislwed with the Fundraising Rggulator. The charitsble company has partnered with Your Hospice Lottery IYHLI who a￿ contracted to promote its lottery. The charitable Company works closety with YHL, who act in accordance with the high standards that both the horilable company and the public expect. The charitable company's Chief Executive inducts all new lottery fundraisers lo ensure that the standards and obligations required are underslood and mel in their fLtndraising tivities. F8odback i¥ sought from players about their bttery experience, allowing the charitable company lo maintain standards and. where relevant. to instigate any required improvements lo fundrak*ing practs'ces. Wisdom Hospice Support recgivgs o variety of donations of gcods for sale in its shops. The Trustees are very grateful for these donations. and they look to relain the support of the donors to the shops for many year5 10 come. Wisdom Hospice Support staff and voluntsers a￿ trained to compty wrth best practices and procedu￿$ in order lo ensure that donors and customers have a posthive exp9rien¢e in their dealings wrth it. Th8 chaiitable group complies wrth the General Data Protect¢on RegUlat￿n IGDPRI and follows the Infomiotion Commissioner's guides and code. Whilst it strives to perfom lo the highest slandards in everything it does, it may not a￿ayS gel it right. Shoukl a complaint be received, it will be lully investigated, and efforts will be made to corred any shortcomings hvJhlwJhted. The charllable group recelved no slgnlficanl ccmplainls during the year under review. The Trustees re¢ogni$e the Importan￿ of the reptrtaion of the charitable group in maintaining th8 trust and confidence of its donors and this principle sils at the heart of all of its actiwties. P&Je 8 ID.. 813F8798-SE1(445&A2CD-148686417167 Wisdom Hospice Chaylty IA Company Llmlted by Guarantee) Tru$tses' r•port For th• yaar ondod 31 March 2025 FINANCIAL REVIEW Going concern After making appropriate enquiries and in particulartaking accounl of the after-&ffects ofthe COVltk19 pandem and the Cost of Living Crisis. tha Trustees have a reasonable expeclalion that the charitable company and the group have adequate resources to continue in operational exislenee forthe foreseeable luture. For this rea80n, they continue to adopt the going ¢onGem basis in preparing the financial st8tements. Further details regardin9 the adoption of the going concem basis can be found in the Accounting Policies. Cost of Living Crisi$- ongoing challenges The long lerm COVlD-19 may have receded into the past however challenges of income gen8ration are still being faced du8 to long-lemi impact on both the UK and global economies. More recently, the effects of the cost of Iwing crisis have also influenced the charitable operations of the organisalion. Income genoration and fundraising will continue lo be a challenge for the foreseeable future. However, the group continues to innovate their ideas for income generation both from the fundr8ising and retsil teams. The group's priority is to maintain 118 financial supp)rt of the Wisdom Hospi￿ al planned budgeted levels. Cash fl¢)w and income foreca51s are carried out regulady for both the short term and long4enn views, taking into accountthes8 ongoing chall8nges. The TTuslee¥ are satisfied that the group has the financial and other resour￿S it needs to overcome the challenges ahe&J. Reserves policy The W￿d0M Hospice is operated by Medway Corrffiunty Heamhcare IMCH) wrthin the NHS and its operational and fvnding structure 1$ delemined accordingty. Representatives of the Trustees meet regularty with MCH. The Chief ExecutNe meets with representative8 of the Kent and Medway Inlegraled Care Board IICBI in order to understand the finon¢ial requirements of MCH induding any particular needs they may have and how the ongoing NHS teorganisalion prc¢gs$ impa¢ls on the group's act[￿lIes. Further developments wll continu8 as the Integrated Care Systems, Integrated Care Boards and the Kent ond Medway Health and Care Partnership continue to become established. It is hoped that these developments will simplfy and rationalise en9agernent with tho Commissioning body lo ensure the hospice re¢èw88 a sustainable Fevel d funding. The Trusteès take ateount of Ihese issues as thèy strive lo maintain the group's reserves at a level which they deem appropriate to ensu￿ the group can meet its objectives. That is to say maintaining the gr¢JUP'S financial support of the hospice in the prèvailing circumstances over the medium and long temi to meet the objective5 of the group's strateg￿ Plan. Thi8 year we have seen 8n increose of £391.847 In our reserves (2024.. Increase of £32,184}. The group's unrestricted reserves as ai tha year-8nd were £2.310,S16 {2024.. £1,916,223) and the unrestricted reserves afteT remving intsngible and tangible fixed assets as at the year-end were £1,844,927 12023.. £1,552,218). The Trustees regard these as appropriatelgvels in the current circumstances wsth reference to the policy set above. The Trustees continually look for oppOrtUn￿leS to spend restricted reserves in accordance with the restrictions Ihereon in pursuit of the group'$ obj'edives. Page 9 Do￿￿9n EnvebF4 ID.. 813F8799-￿1Qid4￿￿2Cf￿l4B88£417187 Wisdom Hospleè Charlty IA Company Umlted by Guarant••} Trustees. r•port Forthe y•aT endod 31 Ma￿h 2025 The group's restricted TeseNes as at the y8ar-end w&ro £723 {2024.. £3,169). M•t•rlal Invfj¥tments policy Under the Memorandum and Articles of Association, the group has the power to make any investment which the Trustees sge fil. subject lo such conditions Irf any) and such Bonsenls lif any) as may be imposed or required by law. The Trustees are mindful of the recornmendation of the Charity Commission with regard to the management of their investments. The Audit and Investment Committee has been sel up lo focus on imiestments in line with the group's Slalement of Investment Principl8s, which is under regular review. No investrnenl is knowin9ly made directly in tobacco related products or in any other products known to be injurious to heakh. ￿ere any investments are discovered lo be in breach of this poliw. artion 1$ taken to correct the position and reported to the Trustees. PLANS FOR FUTURE PERIODS Futurn d8v•lopmonts As the Charitsble company adapts to the changing environment inlluencing fundraising events, the Gharitable company continues to follow its strategy which takes into account short, medium and long lern aims. The gTOUPS focu$ wntinues with four broad themes To achieve and maintain fundraising and income targets in line wf(h agreed budgets To identify innovative ways of generating income Overall to improve communications and marketing ￿￿th all stakeholders ar￿ in particular wilh the operator5 pf the hospice Where possible and when funds allow lo support hosP￿e services to rr*et the need8 of the bcal community through innovation The Trustees are developing a strategic plan from 2025 to 2027 whith will advan￿ the charitable company lo ontinue to develop their charitsble operations to in¢r8as8 incom8 and profile of the 9roup and will continue to revigw and enhanc8 their current initiatives. The group will examine, evaluate, and innovate fUr￿raIsIng events and income generation in keeping with the ethos of the group. The Trustees will wnlinue t¢ maintain and develop benefick91 workirwj relationships the W￿d0M Hospic team as well as the operators of the hospice. Following a positive year The Trustees are adopting a strategic aim to maintain a level of free reserves which will be ulilised to continue lo provide the hospi￿ wlh its regular grants plus. in addition and when fund8 allow, to provide opportunities to support advancomonls of servi¢e$ that add value to the care offere(I by The W15dom Ho5pi¢e so a5 to meet the fvture needs of our community. We hav& been humbled by the increase in income received from Legacies during the year. Often we do not know our Legalors who have been touched by the hospice al somg point in their past and Choose lo remember the hospice in such a generous way. Income such as this allows the charity lo support the hospice in addf(ional projects over and above the regular grant. projects Such as the rfrlaunching of the Wellbeing Cgntre. The funding of such additional $ervi¢es and projects will add value lo the package of hospi￿ care and such a positive legacy from our Legators. Page 10 octu6￿n Etwek)pe ID.. 813F879&5£1fymS>A2C￿lIB6BS4l71fj7 Wisdom Hospico Charity IA Company Limited by Guarnnt•• Trustees. report For the year ended 31 March 2025 STATEMENT OF TRUSTEES. RESPONSIBILMES The Tmslees (who are also directors of Wisdom Hospice Charity for the pu￿ose$ of company law} are responsible for preparing the Trustees, report and the financial ststemenls in ¥cOrdan￿ wrth appli￿ble law and United Kingdom Accounting Standards (Unrted Kingdom Generalty Accopled Accounting Pra¢li¢e). Company law requires the Trustees lo prepare financial sL*ements for each financial year. Under company law the Trustees must not approve Ihe financial statements unless they are satisfied Ihal they glve a Irue and fair vw of the state of affairs oflhe ¢harilable company and the group Ond ofthe in¢oming resources and application of resOU￿e$, including the income and expenditure, of the charitablo group for that period. In preparing these financial statements, Ihe Trustees are required lo.. select suitable accounting policies and then apply them con8i81enlty', obserye the methods and principles in the Choriiies SORP., make judgements and accounting estimates that are reasonable and prudent,. stale whether applicable UK Accounting Stsndard {FRS 102) have been followed, subject to any material departures disch)sed and explained in the financial Statements., prepare the financigl statements on the going coricem basis unless it 18 inappropriate to presume that the charilabb group will conlinug in operation.. The Trustees are responsible for keeping adequal8 accounting records that are sufficienl lo show and exp18in the charitable company's and the group's transactions and disclose wrth reasonablè aceuraey al any lime the financial position of the charitsble group and enable them to ensure that the finarKial statements comply with the Companies Ad 20C6. Théy art also responsible for safegu8r¢Jing the assets of the charilable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and olh8r irregularities. Dlsclosurn ol information to auditor Each of the per80ns who are Trustees at the lime when this Trustees, report 1$ approved ha$ confimied that.. so far os that Trustee is aware, there i¥ no relevant audit infomalion of which the charitable group's audrtor is una￿re, and that Trustee has taken all the steps that ought to havo been taken as a Trustee in orderto be aware of any relevant audit information and lo aslablish that the charitable group's auditor ts aware of that inf0mia1￿Tr. Audltor The auditor. UHY Hacker Young, has indicated its willingness to continue in offiee. The Trustees will propose a motion re4ppointing the aud￿Or at the forthcoming AGM. The company's financial slalemenls have been prepared in accordance with the prwsions appli¢able lo companies subject to the small wmpanies, regime. This r¥port was approved by the Tru¥lees on 3 Septernber 202S and signed on their behalf by.. WLY 79FAgX9Y4E44$ Mr8. V. Wobst•r, Chaliman to tho Trustoes Page 11 DOcu8￿n ID.. 813FB79￿E1￿6￿hXD-148688417l67 Wlsdom Hosplco Charlty (A Company Limlt•d by Guarants•l Independent Audltorf8 Report to the Membgrs of Wisdom HospiGo Charity Oplnlon We have audited the financial statements of Wisdom Hospice Charity {the 'par8nl charitabte cornpany'l and its subsidiartes (the 'group'l for the year ended 31 March 2025 which comprise the Consolidated Statement of Financial Activities, the ConsolKlaled Balance Sheet. the Charit*le company Balance She81. th& Consolid*ed SLitement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting fiamework that has been applied in their preparallon is applicable Lqw and United Kingdom Accounting Standards, incl￿j1￿g Financial Reporting Standard 102 The Financial Reporting Stsndard applicable in the UK and Republ￿ of Ireland. (United Kingdom G8n8Talty Accepted Aceounting Pr&tice). In our opinion the financial statements.. give a true and fair vigw of the state of the Group's arKI of the parent ctharilable company's affairs as at 31 March 2025 and of th8 Group's incoming resources and appllcation of resources, including its income and expenditure for the year then ended.. have been propety prepared in aecordance with Unlled Klngdcffl Generally Accepted Accountin9 Practice., and have been pr8pared in accordance with the requirements of the Corry>anies Act 2006 and Charities A¢t2011. Ba818 for oplnlon We conduded our audit in a¢thance with Inlemational Standards on Auditlng {UK) IISAS {UK}l and applic8ble law. Our responsibilities under those standards are further described in the Auditols responsibilities for the audit of the financial slatements section of our report. Wa are ind&pendant ofthe Group in accordance wrth the ethical requirements that are relevant to our audit of the financial ststemenls in the United Kingdom, including tha Financial Reporting Council's Ethical Standard. and we have fulfilled our other ethical rg$ponsibilities in accordance y￿th these requirements. We believe th81 the audit evKlence we have obtained is sufficient and appropri*e to provhle a basi$ for ¢JJr opinion. Concluslons rolating to going ¢oncgrn In audV(ing the financial statements, w8 hav8 concluded that the Trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not id8ntrfi8d any rnatarial uncertaintie5 relating lo evants or conditions that, indmdually or colledively, may cast Significant doubt on the Group's or the parent charitable companls ability to continue as a going concem for a peiiod of at least ￿1Ve month3 from when the financial statements are authorised for issue. Our responsibilitie5 and the re8pon8ibilities of the Trustee8 th respect to going concern are described in the relevant sections of thi5 report. Other inforniation The other infomialion comprises the infomiation included in the Annual Report other than the financial statements and our Auditorfs Report Ihereon. The Trustees are responsible for the other information contained wrthin the Annual Report. Our opinion on the financial Stslemenls does not cover the other infomialion and, except to the extent otherwise explicitly staled in our report, we do not expréss any fom of assurance conelusion thereon. Our responsibility is to lead the other infomialion and, in doing $0, G(￿SIder whether the other infomwtion i¥ malerially inconsistent wtth the financial statements or OUT knowwe obtainad in th8 coursa of the audit, or otherwse appears to be matenally misstated. If we KIent￿ such material inconsistencies or apparent material misstatements. we are required to detemiine whether this gives rise to a material misstslemenl in the finan￿al slalemenls themsefves. If. based on the work we have performed. we conclude that there is a materi81 mi8Statemenl of Ihi$ other infomiakn'on. we are required to report that fact. We have nothiry lo report in this regard. Page 12 DorJJsyn ErNelope ID.. 813F8798-5E1W5>A2C￿l4B$ll8417l87 Wisdom Hospic• Charty (A Company Limit•d by Guarantsel Inde￿ndant Audftorfs Report to the Mombors of Wisdom Hosplce Charlty lcontinuodl Opinion on other mattgrs pr8¥cribèd by the Companles Act 2006 In our opinion, basod on the work und8rtaken in the course ofthe audit.. th8 infomialion given in the Trustees, Report for Ihe financial year for which the financlal statements are prepared is onsistent with the fin8naal $18lements. the Trustee5' Report has been prepared in accordance wrfch appllcable legal ￿quireMents. Matt•r4 on whlch we aro rgqulrgd to report by •x¢•ption In the light of our knowledge and understanding of the charil8bte company and its environment obtsingd in tho ourse of the audit, we have nol identffied material mi$statements in the Trustees, Repo We hove rbolhing to report in regpect of the foll(wirbg matters in relation to which Companies Act 2006 requires us to report lo you if, in our opinK*n'. the parent charitable c(xYpany has not kept adequate and sufficient accounting records. or retum$ adequate for our audrt have not been received from branches not visrted by us., or the parent charrtable company financial slat8m8nts are not in agreement Mrith the occounting records and relums., or certain disclosures of Truslee$' femuneralion specified by law are not made: or we have not received all the information and explanations we require for our audit.. or the Trustees vlere not entit￿d to prepare the financial statements in accordance wlh the small companies regime and Lika advantage of the small companies. exemptions in preparing the Tru8tees' Report and from the requiremonl lo prepare a Strategic ReporL Re5ponsiblit109 of tN8too8 As explained more fully in the Trustees. Responsibilities Statement, the Trustees Iwho are also the directors of the charitable company for the purposes of company lawl arg responsib￿ for the preparal¢on of the finan¢ial slalemenls and for being satisfied that they give a true and fair view, and for such internal control as the Tmslees detemiine is necessary to enable the prepar81ion of financial sL*ements that are free from material misstatement, wheth8r due to fraud or error. In preparing the financial ststements, thg Trustees are responsible for ass8ssing the Group's arKt the parent charitable compan￿$ abilrty lo continue as a going concem. disclosing, as applicable, matters related lo going concem and u*ng the going concern basis of accounting unless the Trustees either intend lo liqU￿ate the Group cf the parent charrtable comp8ny or lo cease operations, or have no realistic alternative but to do so. Auditor's responslbllltles f¢r the audlt of the financial statemgnts Our objectives are to obtsln reasonable assurance about whether the financial statements a$ 8 whole are free from rralerial mis8tatemenl, whether due to fraud or error, and to issue an Audftorfs Report that includes our cpinion. Reasonabl8 assurance is a high ￿Ve1 of assurance. but is not a guarantee that an a￿￿11 conducted in accordance y￿th ISAS IUKI will a￿yS detect a material misslalem8nt when it exists. Misstatements can arise from fraud or error an¢J are ¢onsidored m*erial rf, individually or in the aggregate, they could reasonabty be expected to infiuence the economic decisions of users taken on the basis of these finanaal Ststemenls. Irregularities, including fraud. we instances of non￿2CLil4B888417187 Wisdom Hospic8 Charlty (A Company Llmlted by Guarants•) Indepond•nl Auditorfs Report to thg Momb8r¥ of Wlsdom Hosplce Charlty Iconttnuod) How the audit w8s Conside￿ capable of detecting Inryulant￿s, including Iraud.. Our approach to idéntrf￿ng and assessing the risks of m*erial miss￿eMent in respect of irregularities, including fraud and non-complian￿ with laws ond rogulations, was as follows.. identrfied the law5 and regulations applicablg to the charity through discussions wrth management. and from our conMner¢ial knowledge and experience in the sector, we focused on $￿IfiC laws and regulations which we considered may have a direct material effect on the accounts or the operath)ns of the ehariL**le wnpany. including the Charf(ies Act 2011 and the Companies Act 2006., we assessed the extent of compliance wth the Ws and regulations identified ak4)ve through maklng enquiries of management and inspecting correspondence,. and identified laws antl regulations were communicated wrthin the audit team and the team remained alert to instances of nonA2CD-14B686417167 Yllsdom H￿pIC0 Charlty (A Company LlmSted by Guarantee) Reglstered number: 01632714 Consolidated Balance Sh•ot As at 31 March 2025 2025 2024 Noto Flxed assets Intangible assets Tangible assets Investments 14 15 16 5,190 460.399 913.720 358,605 974, 101 1,379.309 1,338. 106 urrent ass•ts st￿ks Debtors Cash al bank and in hand 17 18 7.347 451,570 676,930 6,296 331.510 423.216 1,13S.847 761,022 Current liabilities Creditors= amoun15 falling due within one year 19 1203.917) (179.736) Net Current assots 931.930 581.286 Total nel assets 2,311,239 1,919,392 Charlty funds Restricted funds Unrestricted funds 21 723 3. 169 1,916.223 21 2,310,516 Total funds 2,311.239 1,919,392 The Trustees ¥knthvledge th￿r respon$ibililies for comptying th Iho r8quirem8nts of the Act with resp8ct to accounting re¢ords and preparation of financial Statements. The financial 8ts1emenls have been prepared in accordance with the provisiorts applicablg lo entities subject to the small companies regime. Tha financial sL*ements were approved and aulhorised for issue by the Trustees and signed on their behalf ty. Chainnan lo the Trustee5 Date: 3 September 2025 The notes on pages 21 to 44 fonn part of these financial slaloments. P4e 17 Do¢uS￿n Erwek)pt ID." 813F879￿El￿5>A2cE¥l4B6664l7I67 Wisdom Ho¥pice Charity (A Company Limited by Guarants•} Regl8t8red numbeT: 01632714 Charftable company Balance Sheet A5 at 31 March 2025 2025 2024 Note Fix•d as5•ts Intangible assets Tangibk asset$ Inve$lm9nl$ 14 5,190 270,205 913,720 5,400 272,215 974. 101 15 16 1,189,115 1,251, T76 Current ass•t5 stocks Debtors Cash al bank and in hand 17 7,347 375,666 506,589 6.296 303. 104 171, 180 18 889.602 480.580 Currènt liabilities Creditors: amounts fallry due within one 19 1164,0481 (156,154) Net current •$$ets 725,$54 324,426 Total net assets 1.914,e69 1,576, 142 Charlty fund* Restricted funds Unr8Stricled fiJnds 21 723 1.913,946 3, 169 1,572,9T3 21 Total funds 1,914,869 1,570, 142 Page 18 Dows*n ErN¢lope ID.. 813F8798.5E1W>A2c￿l4Bfj86417l67 Wisdom H05pice ChaTity (A Company Limited by Guaranto0) Register￿ numbor: 01632714 Charltable company Balance Sheet {¢onllnued} As at 31 March 2026 The charitsble eompanvs net movement in fund$ for the year was f338,527 (2024- £(29, 151J). The Truste8$ ackn(Avl8dge Iheir responsibilities for COmp￿.ng wlth the requirements of th8 Act with respect to accounting recwds and preparation of financial statsmenls. The financial ststements have been prepared in accordance ￿th the provisions applicable to entities Subject to the ¥mall ¢omp8nies regime. The financial statements We￿ approved and auth0ri5ed for issue by the Trustee5 arKI signed on their beham by.. nBdbr. .Y.wrtèA Chaimian lo the Twslees Date.. 3 Sepiember 2025 The notes on pages 21 to 44 fomi part of these financial statements. Page 19 Dotitsign En%*k)pe ID: 813F87W5E1W5U2CD-148686417167 Wlsdom Hosplc• Charfty (A Company Llmlted by Guarnnt••l Consolidated Statem8nt of Cash FIoY•3 For Ihe Year Ended 31 March 2026 2026 2024 Cash flows from operating activiti03 Nel cash provided by l {used in) operatsng activit 23 277.021 (59,346) Cash flows from Investlng activities Dmdends and interests from investments Purchase of inlan9ible as5els Purchase of tangible fixed assets Procegds from sal8 of investments Purchase of investments Cash movement on investment account 10,403 9,330 (5,4LKI) (24,228) 555.823 (434.654) 84,890 (130.121) 943,970 1847,559) Net Cash lused inVprovid•d ty inv8sting aCtivili•s 123.307) 185,761 Chang• In cash and ￿$h •qulval•nts In th• year Cash and cash equivalents al the Iwinning oflhe year 253.714 126.415 423,216 296,801 Cash and cash •qulval•nts al th• end of tho year 24 876,930 423,216 The note5 on page5 2110 44 form part of these financk?I statements Page 20 Docu￿￿ Envebpe ID.. 813F879￿E1O445￿A2CE￿14B88G4I7II7 Wlsdom Hosplc• Charlty IA Company Llmitod by Guarant981 Notes to the Flnancial Statements For thè Year Ended 31 March 2025 Genaral Infom)atlon Wisdom Hospic8 Charity is a charitsble Company Iwnited by guaranlae, incorporated in England and Wales. The companys reglstered number 1$ 01632714 and its chanty number 1$ 284894. The address of the Chariws registered office and pnnci￿l place of business is". Hlgh Bank Rochester Kent ME1 2NU Accountlng pollcles 2.1 Ba616 of preparatlon of financlal statements The financjal statements have been piepared in accordance wlh the Charilitis SORP IFRS 102) - Accounting and Reportirbg by Charities.. Statement of Recommended Practice applicable to charities preparing their a¢¢ounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 102llsecond edition)), the Financial Repo￿.n9 Standard applicable in the UK and Republic of Ireland (FRS 102 - January 202218nd the Companies Act 2006. Wisdom Hospice Charty meets the definition of a public benefit entity under FRS 102. Assets and liabiliknes are initially recognised at historical cost or transaction value unless otherwise staled in the relevant acGounting poly. The dire¢tors consider that there are no key sources of estimation uncertainty, other than as set out in the aecounling policies below.. 2.2 Consolidation These financial slalements ¢￿s01'date thg accoLFnts of Wisdom Ho$wce Charty and its $ub$idiary, Wisdom HOSPI￿ Support. The Consolidated slalement of financi81 actNities (SOFA) and Consolidated balance sheet consolidate the financial statements of the Charity and its subsidiary undertaking. The resuhs of the subsidiary are consolidated on a line by line ba515. The Charty has taken avantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its Statement of financial aclivities in these financial sL*emenls. The results of the Charity a￿ presented on the Charity Statement gf financial posit￿n. Exemption from the fequirement lo disck)se transactions between the Charty and ts subsidiary company has been taken under sectKJn 33.1A of FRS 1 as the Irwsactions occur betr￿en wholly owned members. The Charity has taken advantage of the disclosure exemption pefmitied by FRS 102 of the requirements of Section 7. 'Stalemenl of Cash Flows., to not dI￿10$e a charrwnly Slalemgnt of Cash Flows. Page 21 DotsJsWJn Erp4elope ID.. 813F8798.5E1WU2C￿l4B886417loT Wisdom H¢$pic• Charity IA Company Limit•d by Guarantw) Not08 to the Flnanclal Ststtmènts For thg Yoar Endod 31 M4rGh 2026 ounting Polici￿ l¢ontinuodl 2.3 Going concern Accounting ￿andardS require thé dir&tors. who arè thè Truste&s. to consider the approprfateness of the going concem basis when preparing the financial $lalemenl$. On the basis of detailed projecligns of incorne. expenditure and cash fk)w prepared using appropriate assumptions, the Trustees have a reasonable expectation that the Charitab￿ company and the group will continue in operation81 existence for the foreseeable fLrture. The directorn believe this lo be the case as the charitable group has positive reserves and cash balan￿s. For this reason, the directors consider that the going oncem basis remains aFvroprialè and thèy continue to adopt ￿ In preparlng the annual financlal statements. 2.4 Incom• l income 15 recognised once the charit8ble company has entitlement to the income, il is probable th¥1 the ineon* will be received and the amount of income receivable can be measured reliably. For legacies, enlitlament is lak8n at tha 8arli8r of the dale on which erther.. the charitable group is aware that probate has been granted. the estate has been finalised and nolifution has been made by the execulorls) to the chantable gfOUP that a distributs'on will be made,. or when a distribution ha$ been receivtsd from the eslale. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measuied reliab￿ and the charilable group has been notified of the exoculorfs inlenlK)n to make a distribution. Where legacies have been notified to the chantable group, or th8 charitabl8 gr￿JP is aware of the granting of probate, and the ¢rrteria for income recognikn.on have not been met. then the Wcy is treated as a contingent asset and disclosed ￿ material. Grfts donated for resab are included as ir￿rne when they are sold. Donated fa¢ilrties are included al the value lo the charitsble company where this can be quantified and a third paty is bearirwj the cost. No amounts are induded in the Statement of Financial ActNities for setvices donated by volunteers. Income tax recoverable in relation to donations received undef Grft Aid or Deeds of Covenant Is rgcognised al the lime of the don*ion. Irbcome lax recoverable in relation lo investment income is recognised at the ts'rr* the InVest￿nt irKome is receNable. Other income is recognised in the period in which it is re￿1vable and to th& &xt8nt the goods have been provided or on completion of the seryice. On receipt. donated PTofe5sional Services and facilities are recogni5ed on the basis of the value of the gfft lo th? charitablg Company which is the amount il would have been wlling lo pay to obtain services or facilitl8s of 8qUNalent 8conomic ben8fi1 on the open market,. a corTesponding amount is then Tecognised in expenditure in the period of receipt. Rental inccme 18 recognis&l on a straight4ine basis over th& term of the lease, in accordance with the ￿ase agreement. The ch8ritable company recognises rentsl income when f( is probable Ihal the economic benefits from the lease will flow lo the charitable company. the income can be measured reliabty. 2.5 Expgndlture Expenditure Is recognised once there is a legal or conslrudive obligat￿n to transfer economie benofil to a third party. it is probable that a transfer of economic benèfits wll be Tequired in settlement and the amount of the obligation can be measured reliably. P8ge 22 Ducus￿n ErNelope ID.. 813F879&5E1(WS342ct￿l4Bfj864l71fj7 Wtsdom Hosplc• Charfty IA Comp*ny Llmlted by Guarant￿) Not88 to tha Flnanclal Statements FOT tho Yoar End•d 31 March 2026 Accountlng pollclos (continued) 2.5 Expondlture {contlnu•dl EX￿nd￿ure on ralslng funds irdudes all expenditure inGurred by the Group to raise funds for its harItab￿ purposes and includes costs of all furnlraising activitias events and non4harrtable trading. Expendf(ure on charf(able activities 13 incurred on directly undertaking the activities which further the Group's objectives. as well as any a$¥OGlat￿ support costs. Grants payable are chaiged in the year when the offer is madg except in those cases where the offer 1$ conditional. sueh grants being recognised as expenditur8 when thè condrtions attaching are fu￿1118d. Grants offered subject lo conditions which have not been mel at the year end are noted 88 a commitment, but not acLrued as expenditure. All expenditure is inclusivo of irrecoverable VAT. 2.6 ToX*tion The ¢haritable cOrr￿anY is considered lo pa88 the tests set out in Paragraph 1 Schedule 6 of the Finan￿ Ad 2010 and therefore il meets the definition of a charitable company for UK corporation tax purposes. Accordingty, the char(iable company is Potentially exempl from taxation in re$pe¢t of income or caprtal gains received wf(hin categories eovered by Chapter 3 Part 11 of the Corporat￿n Tax Aet 2010 or SectKin 256 of the Ta￿ltIOn of Chargeable G*ns Act 1992. to the extent that such income OT gains are applied excluswely to charitabk purposes. No tax charge has arisen in the year. 2.7 Intanglble assets and amortisation Intangible assols costing £5,000 or more are capilalised and recognised when future economic benefils are probabl&. and th& cost or value of the assel can be measured reliably. Intangible assets are initially recognised al cost. After recognition, under the cost model, intangible assets a￿ measured al cost ￿$S any accumulatgd amortisalion and any accumulated impaimienl losses. Amortisation is provided on intangible assets at rates cakulated lo write off the cost of each asset on a slraight4ine basis over its expected useful lifé. The asset had not been brought into use al the balance sheet dale and ￿COrdinglY no amortisation has been charge(l in the year. Amortisation is provided on the folbwiTrJ basis.. Website 15 year5 straight line Page 23 Ooutshjn ErNdope ID.. 813F67￿E1￿4S>A2CD-1dBfi864171fjT Wlsdom Hospice Ch•rfty (A Company Limitod by Guaranto8) Notès to th• Flnanclal Stst•mgnts For the Yoar Endfjd 31 March 2025 Aeeounting policies {continu•dl 2.8 Tanglbl• flxed assets and dgpr8ciation Assets are capilalised at the Twslees, discretion, however all rtems costing more than £500 are ahvays capitalised. Tangible fixed a$sel$ are initially recognised al cosL After recognition, under the cost model, tangible frAed assets are measured at cost18ss accumulated depreciation and any accumulated impaimienl losses. All costs in¢urr8d to bring a tangible fixed asset into its intended working condition should be includgd in the measurement of cost. A wev1￿ for inpairment of a fixed asset is carried out rf events or changes in circumstances indicate that the carying value of any fixed asset may not be recoverable. Shortfalls be￿een the carrying value of fixed a$so1s and their recoverable amounts are re¢ognised as impairments. Impairment losses are racA2CD.14B6W17167 Wisdom Hospice ChaTty (A Company Limit•d by Guarants•l Notes to the Flnanclal Statements For the Year Ended 31 PAarGh 2025 Critical accounting ostlmate$ and ar•as ofludgm•nt Estimates and judgments are continually evaluated and are based on historThl experienc? and other f8Ctors, includin9 expectations of bjture events that are believed to be reasonable under the circumstances. Cribcal accounting estimates assumptions: The charitable compary makes estimates and assumptions conceming the future. The resulting accounting estimates and assumptions wll, by definition. seldom equal Ihe felated actual results. The estimates and assumptions that have a signfficant risk of causing a material adjustment to the carrying amounts of assets and IBbilrties within the next financial year are discussed below. Legacy incorne 15 recognised in accordance with the income recognition policy. In calculating the level of legacy accrual, management is required to exercise estimation and judgement. particularly in detemiining the amount and probability of receipt. tsn Ible fixed ass Useful econom￿ lrfe is inline with the xcounling policy. In setting th8se policies management will consider the industry average of the asset life and the number of years they expect tho asset to te in use. In¢¢)mo from donation$ and legacie5 Unrestricted Restrictgd fund$ funds 2025 2025 Total fvnd$ 202S Total fvnds 2024 Donat￿n5 Legacies 290.919 913.S30 24.550 315.469 913,530 349, 716 303,694 1,204,449 24,550 1,228,999 653,410 Total 2024 650,620 2. 790 653.410 Pa98 26 D￿$￿Jn ErNelope ID.. 813F8798-5E11H45&A2CD-14B686417167 W￿d0M Hospice Charity (A Company Limit•d by Guarantee) Notss to the Flnanclal Stat¢m•nts For the Year Ended 31 March 202S Income from other trading activilies Income from fundraising ovonts Unrestrieted funds 2025 Tolal funds 2025 Tot81 funds 2024 Fundraising Lottery Income Sales of merchandise 133.584 120.097 5.958 133,584 120,097 5.958 111,559 127, 685 6,012 259,639 259,639 245,256 Tot812024 245.256 245,256 Income from non charitable trading activities Unrnstrktod funds 2026 Total funds 2026 funds 2024 Sales of donated Items Rental inc¢)me 601,070 16,063 601,070 16.063 504,801 617,133 617,133 504, 801 Total 2024 504.801 504.801 Inveslrnent In¢ome Unrnstricted funds 2025 Total funds 2025 Tot81 funds 2024 Dividends and interest received 10.403 10,403 9.330 Tol812024 9,330 9,330 Pag& 27 Do()JsHJn ErNeknFe ID.. 813F879&5E104453.A2CD.148fj16417167 Wlsdom Hosplce ChaTIty {A Company Limitèd by Gu•rant8•1 Notes to the Financial Stslemonts For tho Year Ended 31 March 2026 Other income Unrestricted funds 2025 Total funds 2025 Total fvnds 2024 Insurance claims 7,949 7,949 Expondllure on rablng funds Costs of raising voluntary incom8 Unr•Btri¢t•d R•stri¢ted fund5 fundy 2025 2025 Tolal funds 2025 Total funds 2024 Support Costs Purchase for resale Wages and salar Social secuity costs Pension ¢￿ts DepreCiat￿n 3S2,187 3,534 545.017 38.396 10,746 22,018 3,24e 355,433 3,534 545,017 38,396 10,746 22,018 270, 741 7,344 406,532 23.979 8, T05 14, 722 971,898 3,246 975,144 732,023 Totsl 2024 729,928 2,095 732.023 Page 28 DccJJstyJn ETh￿k>pe ID.. 813F879&5E1W5>A2CD-14B816417167 Wlsdom Hospic8 Ch•rlty (A Company Limit￿ by Guarant•el Notes to th• Flnancial Ststem•nt8 Forthe Year Ended 31 March 2026 Exp•ndlturg on raising funds (contlnuodl Unrg$trl¢tsd Re$trlcted funds nds 2025 2025 Total funds 2025 Total funds 2024 Support costs Rent, rates and ulilrties Staff w8lfar8, training and entertainment Recrurtment costs Travel oxpen$8s Repairs and renewals Professional fees Fundraising expenses and event costs IT and office costs Insurancg Subscriptions Bank charges Depreciation Sundry costs AudiloC5 remuneration Accountancy costs 159,567 1,222 2,291 11,583 8.082 10,991 68,138 36.216 14.800 3.140 14.698 6,518 159,￿7 1,222 2,291 11,583 6,082 10,991 68,138 3S,216 14,800 3,140 14,698 6,518 6,092 12,400 1,695 121.888 5,511 9,045 3.389 1.812 37.814 32.968 13.250 2.561 Y3.597 5,816 3,246 12.400 1.695 11,200 6,975 352.187 3.246 355,433 270, 741 Total 2024 268, 646 2,095 270,741 Inv•$tmgnt managament costs Unre8trl¢t funds 2025 Total funds 2025 Total funds 2024 Platfom charges and seNicing fees 9,888 9,888 10,925 Tot812024 10,925 10,925 Page 29 Docus￿￿ Erwdope ID.. 813F8798.SE10445>A2CD-14B888417187 Wisdom Hospk• Charlty IA Company Llmlted by Guarant•8) Notes to the Financial Stat¢m8nts For the Yoar Endod 31 Ilarch 2025 10. Analysis of •xpendbtsre by actlvRles Act5vltFoS undertaken dlrèctty 2025 Grant fundlng of x¢lvltle$ 2026 Totsl funds 2025 rol81 funds 2024 Medway CommLsnity Heattheare 44,700 738,574 783,274 724.092 Total 2024 724.092 724,092 Analysls of difect costs Total funds 2025 Total funds 2024 Rediner chairs 44,700 £23,750 of recliner chairs purchased for the ward v*re lundod from r8stricted funds, and £20.950 from unrestricted funds. 11. Auditorfs r•muneratlon The auditorfs remuneration amounts to an auditor fee of £12,400 {2024- £11,200). 12. Staff costs Group 2025 Gft)up 2024 Charity 202S Charity 2024 Wages and 88laries Social security costs Conliibulion to defined contribution pension schemes 545.017 38,396 406.532 23,979 2¢XI,046 15.075 177.015 12,315 10,746 8, 705 5,977 5,253 594,159 439.216 221,098 194.583 Page 30 O&rth￿fi ID.. 813F879ME1o44S&￿D.l4B6a6417l67 Wisdom Ho$pice Charity (A Company Llmft•d by Guarantee) Not08 to tho Flnanclal Statements Forthe Year Ended 31 March 202S 12. Staff costs {continued) The average number of persons 8mploy8d by the charitable eompany during the year was a$ follows.. Gr¢up 2025 No. Group 2024 No. Charity 2025 No. Chority 2024 No. Fundraising Support Shop 16 12 18 No employee receNed TemuneratN)n amounting to more than £60.000 in gilh?r year. The Trustee8 COns￿er themselves. the Chief Executive Officer and the Financial Contrc41er as comprising the key management personnel of the Group. Total employee benefrts (including social securbty costs and employerfs pension ¢ontribulionsl for the year ended 31 March 2025 were £107,753 12024.. £98,426). 13. Trustees, romunoratlon and expenses During the year. no Trustees received any remuneration ￿ other benefits (2024- £NIL). During the year ended 31 March 2025, no Trustee expenses have been incurred (2024- £NIL). Page 31 Dtic￿gn Eth4*k)pè ID.. 81aF87wE1Tr445>￿￿14B6864l7q67 Y￿sdoM H05pice Charty IA Company Limited by Guarantee) Notes to the Financial Statements For the Year Ended 31 IAar¢h 2025 14. Intanglblo assets Group and Charlty Web$lle Cost Al 1 April 2024 5,4DO At 31 March 2025 S,400 Amortisalion Charge for the year 210 At 31 March 2025 210 Net book valuo At 31 Mwch 2025 5,190 At 31 ma￿ 2024 5.400 Page 32 DO￿gn Envek)Fe ID.. 81)F879￿￿lI￿4453￿2c￿l4Be06¢17l67 Wisdom Hospk• Charlty (A Company Llmlted by Guaranto01 Notes to the Financial Stat8m8nts For the Year End•d 31 March 2025 16. Tanglble fixed aJs•ts Group Fr••I￿ld Leasehold Fixtur•¥ and propeity property fitt•ngs Offic• equipment Totsl Cost Al 1 April 2024 Addrt￿n$ 378.448 16,552 970 168,775 124.853 9,680 4.298 573,455 130,121 Al 31 March 2025 378,448 17,522 293.628 13.978 703,576 Depreciation At 1 April 2024 Charge for the year 108,121 5,046 7.624 91,313 21,032 7,792 1,262 214.850 28,327 At 31 March 2025 113,167 8,611 112,34S 9,054 243,177 Net book value At 31 March 2025 265,281 8,911 181,283 4,924 460,399 At 31 March 2tr24 270,327 8,928 77.462 1,888 358,605 Page 33 D0¢Uitgn EThvekl￿ITr. 613F8798-SE1W5>A2CO-14B686417167 Wlsdom Hospl¢e Charfty IA Company Llmltsd by Guarantee) Notes to thè Flnancial Stat8mÈnts For lhe Year Endod 31 March 2025 15. Tangible fixed alsèts Icontlnued) Charlty Freehold propgrty Office equipmènt Totsl Cost At 1 April 2024 Additions 378.448 9.680 4.298 388.128 4.298 At 31 March 2025 378,448 13.978 392.426 Dgprociation At 1 N)ri12024 Charge for the year 108,121 5,046 7,792 1.262 115.913 6.308 At 31 March 2025 113.167 9.054 122.221 Nat book value Al 31 March 2025 265,281 4,924 270,205 At 31 March 2024 270,327 1,888 272,215 Page 34 Do￿￿g￿ Envdcye ID.. 813F87WE11W5>A2Ct>14B686417167 Wisdom HospiGg Charity IA Company Lknlt•d by Guarantwl Noteg to the Financial Statements Forthe Year Ended 31 March 2025 16. Flxed asset lTrvestments Cash held by Llstfjd Investment Invoslments manager Total Group and charitsbl• company Valuatlon Al 1 April 2024 AdtJrtion$ Disposals Revthalions 907.940 66.161 974.101 953,660 953,660 (106,1011 {1,050,071) 36,030 1943,970) 36.030 Al 31 March 2025 913.720 913,720 Net book value Al 31 March 2025 913,720 913,720 At31 March 2024 907.940 66, 161 974, 101 Invoslmonts Comprise tho following: 2025 2024 Equities Fixed interest Cash Attemative investments 536,546 238,881 137.999 60.675 913.720 913,720 974, 701 17. Stocks Group 2026 Gmup 2024 Charlty 2025 2024 Goods for resale 7,347 6,296 7,347 6,296 Page 35 Docu8vJn EnVd0￿ ID.. 613F8798-SE10445M2CD-14B6B6417167 Wl$dom Hospice Charity IA Company Limitsd by Guarant￿} Notes lo the Flnancial Statements For the Year Ended 31 March 2025 18. Debtors Group 2025 Gmup 2024 Charity 2025 Charity 2024 oth8r d8btors Prepayments and accrued Income 31,090 420,480 14270 316,240 3,559 372,107 10,503 292,601 451,570 331,510 375,666 303. 704 19. Credltorn: Amounts falllng due wlthln one y•ar Group 2025 Group 2024 Chartty 2025 Charity 2024 Trade creditors Amounts owed to group undertakings Ott￿r taxation and soual security Olher credit Acuuals and defeffed income 152,502 141. 781 140.564 35 136,436 14,934 7.598 28.883 9, 189 6,476 22,290 9,537 1,597 12,315 4,335 1,478 13,905 203,917 179.736 164,048 156. 754 Group 2025 Group 2024 Charity 2025 Ch8ri1y 2024 Deferred income at 1 April 2024 Resources deforred during the year Amounts released frcffi previous period5 2,523 9,141 (2,5231 324 2,523 (324) 2,523 1,016 12.523) 324 2.523 (324) 9,141 2,523 1,016 2.523 Group deferred income relates to lickel sates for fundraising events Ihal lake place post year end of £1.01612024.' £2,523), and rental income received in advance of £8,12512024.. £nill. Page 36 Dfj¢￿￿n Etwelope ID.. 81sF87￿SE1￿5>N2cI>14￿6864l7I67 Wlsdom Hospice Charity (A Company Limited by Gyarant••l Notès to tho Flnanclal Statements For the Year Ended 31 MaKh 2025 20. Flnancial instruments Group 2025 Group 2024 Charlty 2025 Charity 2024 Financial assets Financial assets measured at fair value through income and expendiluro 1,590,850 489,377 1,420.309 237,341 Financial assets measured at fair value thrO￿h income and exp¢nditure comprise fLxed asset inve8tmenl$. and Gash al bank and in hand. Page 37 DO￿0￿)n Envebpe ID.. 813F8798-5E1(H453-A2CD-142686417167 Wisdom Ho$pie• Charity IA Company Limitfjd by Guarantee) Notes to thg Flnan¢ial Statsments For the Year Ended 31 Ma￿h 2025 Statement of fund$ Statement of fund$ - curront year Balanco at 31 March 2025 Balance at 1 Aprfl 2024 Gainsl (Losses) Income Expgndtturg Vnrestrkted fvnds General Funds 1,916,223 2,099,573 11.741,310} 36.030 2,310.516 Restricted fvnds D Hoskins fund Mrs Jameson fund R Watts fund L Avery fund L Humphreysfund D Swatton fund Linda Richards Art Therapy P Humphreys fund cU￿S Sittingbourne staff Christmas Party Asda Rugby Benevolent Fund Th8 Albert Hunt Trust Fund Rotary CILts of Medway Balbir Mander Lgs Churchard 200 12001 1481 19351 {1331 1501 1171 (140} 100) {35) 1388) 1400} {10,0001 {10,0001 13,7501 12001 16001 48 935 133 50 17 140 100 35 388 1.123 723 10.000 10.000 3.760 200 600 3,169 24.550 126,9961 723 Total of funds 1,919,392 2,124.123 11,768.306) 36,030 2,311,239 Page 38 Do¢usvJn ErN¢knpe ID.. 813F8798-SEIIH453-A2CD-14P6W17167 Wisdom Hosplcé Charity (A Company Limitod by Guarantee) Notes to the Flnanclal Ststéments For the Year Endèd 31 March 2025 21. Ststgm•nt of lunds l¢ontinu•d) éstricl8d fu The D Hoskins fund is used lo fund the ward within the hospice. The Mrs Jame80n fund 1$ lo be used for the devolopmenl of the wards. The R Watts furKI 15 to be used k)r nursing training. The L Avery fun¢J is to be used forthe development of the oul$ide space al the hospice. The L Humphreys fund is to be used for time for patients with a nurse. The D R Swatton fund is to be us8d for tea and cakas for staff. The Linda Richards Art Therapy fvnd is lo be used for art therapy. The P HumphTeys fund is lo be used for nurses on the ward at the hospice. Th& Cunys Sittingboumo fvnd rs lo be used to purchase headph)nes for pallent beds. The Staff Christmas patyfund is to be used towards the annual Christrnas paty. Asda fund is to be spent on resident's personal care needs. The Rugby Benevolent Fund, Thg Albert Hunt Trust Fund, and Rotary Club of Me￿aY funds a￿ to bg used for recliner chair purchases. The B8lbir Mander and Les Churchard funds are to be used to fund ward expenditure within the hosPK8. Sufficient resourc&s are held in an appropriate fom lo ènable each fund lo applied in accordance wf(h any restrictK)ns. Page 39 Dwlgn Envelope ID: 813F8798.SE11WS&A2Ctk148686117167 Wisdom Hosplc• Charlty IA Company Limlted by Guarantee) Notes to FinancFal Statomonts For the Ygar Ended 31 March 2026 21. Statement of funds Icontlnued) ststement of fund$- prior year Balance at 31 March 2024 Balance at 1 Apnl 2023 G8inpJ (LosseEJ Income Expenditu Unrestricted fvnds Gèneral Funds 1.884.734 1,410.007 (1,464,H7) 85929 1,916,223 Restricted funds D Hoskins fijnd Mrs Jameson fund R Watts fvnd L Avery fund L Humphrey8 fund D Swatton fund Linda Richards Art Therapy P Humphreys fund Currls Sittingbourne staff Christmas Paty Asda 200 (320) (198) 48 935 133 1, 133 133 315 {298) 17 f 40 100 35 388 1, 123 140 35 1,590 1,200 (1.202J (77) 2,474 2,790 (2,095) 3, 169 Tolal of funds 1.887,208 1,412.797 (1,466,542J 85,929 1,919,392 Pag6 40 OouApJn ENdope ID.. 813F8798-SE104453-A2CL>14B686417187 Wisdom Hospic• Charity IA Company Umlted by Guardntsel Notes to the Flnanclal Stat•monts For the Year Ended 31 March 2025 22. Analysls of net assets bgtwwn funds Anatysis of net assets between funds- current yèar Unrestrictfjd R•strlct•d funds funds 2025 2025 Total funds 2025 Tangible fixed a88ets Intangible fixed •$sels Fixed asset investments Current assets Creditors due within one year 460,399 5,190 913,no 1.135,124 (203,9171 460,399 5.1 913.720 1,135,847 {203.917) 723 Total 2.310,S16 723 2,311.239 Analysls of n•t assots b•twoen funds - prior year Unr8stiid8d nds 2024 R8Stii¢ted funds 2024 Total funds 2024 Tangible fixed assets Intangible fixed assets Fixed asset investments Current assets Creditors due wfthin one year 358.605 5.4t)O 974. 101 757.853 f179. 736) 358,605 974, 101 761,022 (179, 736) 3,169 Total 1,916,223 3.169 1.919,392 Page 41 OooJ¥bJn Ewdope ID.. 813F87W5E1o445>A2C￿14BGsG417lfj7 Wisdom Hosplce Chaity (A Company Limited by Guarantee) Notss to th• Financial Statements For tho Year Ended 31 March 2026 Reconclllatlon of net movement In funds to net cash Ilow from operatlng a¢tlvltlo9 Group 2025 Gmup 2024 Net Income for the year {a$ per Statsm¢nt of Financial Activrtiesl 391,847 32,184 Adjustments for: Depreciation Ch￿e$ Amortisation charges Loss on the disposal of ffixed assets {Gains} on investments Dividends and interests from investments {Increasey(lecre8se in stock8 In¢￿aSe in debtors Increase in ueditors 28.327 210 20,538 498 (86,427) (9,330) 5,128 (88,569) 66.632 136.0301 110,4031 (1,0511 1120,0601 24,181 Not cash provlded byllused Inl oporatlng actfvltles 277,021 (59,346} Analysis of cash and cash equivahnts Group 2026 Gft)up 2024 Cash in hand 676.930 423,216 Total cash and cash gquivalgnts 676,930 423,216 25. Analysls of changes In net debt Al 1 April 2024 Cash flows At 31 March 2025 Cash al bank and in hand 423,216 253,714 676,930 Page 42 DO¢￿￿n ErNeknF4 ID.. 813F87￿sE1O445￿￿2cD-14P6B6417IBT Wisdom Ho5pi¢g Charity IA Company Llmlt•d by Guarantsel Notès to tho Financial Ststom¢nts For the Year EDdod 31 March 2025 Pgnslon commltments The group operates a defined contribution pension scheme. The assets of the ￿herne aro held Soparaloty from those of the group in an independenty administered fund. The pension cost charge represents contribution8 payable by the group to the fund and amounted lo £851 12024.. £825} were payable to the fvnd al th6 balanca sh88t date and ar8 includ8d in other creditors. 27. Opernllng lease commitinent3 At 31 March 2025 the Group and the tharitable company had commitments lo make future minimum lease payTnents under non-cancallable op8rating leases as folk>ws.' Group 2025 Gmup 2024 Charity 2025 Charity 2024 Not laterthan 1 year Later than l year and not kter than 5 years Later than S year5 145,204 450,911 432,750 60.261 137,813 50,625 1,537 5,765 2,011 1,028.865 248.699 7.302 2,011 28. Other flnanclal commltments Wisdom Hospice Charity act as a guarantor under ￿ agreement dated 22 Novembgr 2016 in respect of a lease on shop premises in Chatham. Kent. As guarantors they are liablg for all obligations by virtue of the lease. The annual rent is £25,000, the lease is for 10 years with 8 break clause after 5 years. Wisdom Hospice Charity act as a guarantor vnder an agreement dated 2 May 2019 in respect of a lease on shop premises in Rochester, Kent. As guarantors they are liable for all obligations by virtue of the lease. The annual rent is £19,750, lease is lor 9 wlh a break clause after 5 years. Contln9•nt as¥•ts Wisdom Hospice Chariiy reCe￿ved nolifi¢alion that il 1$ enlilled lo 16 legacies, the value of which cannot be reliably estimated. Consequently, the value of these legacies have not been included in these financial statements. Of the above legacies. 4 are subject to the Interest of life lenanl and wil not be recognised until the death oflhe tenant, in acCorda￿e wrth the requirements of the Charib'gs SORP IFRS 1021. Members. Ilablllty Each member of the Gharitable company undertake5 to contribute lo the assets of the company in tho event of it being wound up while helshe is a member, or within one year after helshe ¢ea$es to be member. such amount as may be required. not exceeding £5 for the debts and liabilitl8s contra¢t8d before helshe ceases to be a member. Page 43 Docwfjgn Envebpe ID.. 813F879￿l[￿5-A2CD-lIe$e8417I87 Wlsdom Hospice Charity (A Company Llmlt•d by Guarantee) Note$ to the Flnanclal Stat*m•nts Forthe Yoar Ended 31 March 2025 31. Related party transactions The Charity has not entered into ary related party transactions during tho year requiring dis¢b)sure undor the Charities SORP FRS 102. Page 44