Company Registration No. 01776496 (England and Wales>
Registered Charlty No. 288462
St Michael's Hospice Hastings and Rother
Report of the Trustees and consolidated financial statements
for the year ended 31 March 2025
¢AEHP3MK9'
IW1212025
O￿ANIEs HOUSE

St Michael's Hospice Hastings and Rother
Contents
Page
Referen￿ and administrative infornation
Report of the Trustees and strategic report
Report of the independent auditors
19
Consolidated statement of financial activities
24
Consolidaled balance sheets
25
Consolidated cash fknw statement
26
Note5 to the financial statements
28

St Michael's Hospice Hastings and Rother
Reference and administrative Inforniation
Company infomiation
St Michael's Hospice Haslings and Rolher. a registered Gharity and a company limited by
guarantee. was established on 8 December 1983 and formally opened its service in April 1987. Ils
Articles of Association were last revised and agreed on 27 January 2012.
The Trustees of the charity (who are also Directors of the company) are drawn from the local
community. The Chair will be recrLJited from the local community in the evenl that they are not
elected by the Trustees from amongst those on the Board.
Board of Trustees
Anrew Watson (Chair) (appointed on 27 August 2024)
Tony Boardman
lan Crick
Simon Davis
Kerry Gentleman
Nigel Kirby-Green
Geoff Longmire
lan Menzies
Susan Munroe
David Rogers
Magnus Spen
Linda Stevens
James Thomas
David Walker
(appointed on 01 April 2024)
(Vice Chair)
(resigned on 31 October 2024)
(appointed on 27 August 2024)
(resigned on 24 March 20251
(resigned on 31 May 2025)
(resigned on 18 June 2024)
(appoinled on 31 October 2024)
Company Secrelary
Darren Mackenzie
Chief Executive
Dr Karen Clarke
Leadership Team
Darren Mackenzie
Dr David Barclay
Perdita Chamberlain
Evelyn Prodger
Caroline White
Finan￿ and IT Diredor
Medical Director
Income Generalion Director
Clinical Services Director
Organisational Development Director
Pwl

St Michael's Hospice Hastings and Rothor
Reference and administrative inforniallon (continued)
Registorod infornMtion
Reglstered charlty name
Sl Michael's Hospice Hastings and Rother
Charlty number
288462
Company registration number
01776496
Registered office
25 Upper Maze Hill
St Leonards on Sea
East Sussex
TN38 OLB
Professional advisors
Auditors
Saffery LLP
71 Queen Victoria Street
London
EC4V 4BE
Bankers
Lloyds Bank PIC
17 Wellington Place
Hastings
East Sussex
TN34 1NX
Sollcltors
Gaby Hardwicke
34 Wellington Square
Hastings
East Sussex
TN34 1PN
Investment advisors
Rathbone Investment Management
8 Finsbury Circus
London
EC2M 7AZ
8rewin Dolphin
12 Smithr￿ld Street
London
EC1A 9LA
Page 2

St Michael's Hospice Hastings and Rother
Report of the Trustees and strategic report
For the year ended 31 March 2025
The Trustees present th￿r report and accounts for the year ended 31 March 2025 including the
Strategic Report for the company.
These accounts comply with the charity's goveming d￿ument, whith stales that the charity's
objective is to promote the relief of sickness. the Companies Act 2006. the Financial Reporting
Standard applicable in the UK and Republic of IretarKI (FRS 102} and with the Charities SORP
(FRS 102).
St Michael's Hospi￿ is regulated by the Care Quality Commission {CQC) which is the independent
regulator of all health and sorjal care services in England.
1. OBJECTIVES AND ACTIVITIES
1.1. Purpose of the charity as set out in the governing document
The ¢harity was established to "promote the relief of sickness in such ways as the Trustees shall
from lime lo time think fit and. in particular {but without prejudice to the generality of the foregoing).
to provide services so as lo support the physical. psychological, social and spiritual needs of those
affected by life-limiling illnesses."
1.2. Main activities of the charity undertaken in relation to those purposes
St Michael's Hospice is dedicated to supporting adults (18+) living with serious. advanced illnesses,
helping them live as fully and comfortably as possible. Its mission is to support and enable the
community of Hasbngs and Rother to live well with dwng. death and loss.
The Hospice adopts a collaborative, interdisciplinary approach. working closely with NHS services
across primary. secondary. and tertiary care. as well as with adult social care, private providers.
and voluntary organisations. This ensures seamless. integrated support for patients and families.
aims
Provide specialist palliative and end-of-life care to the Hastings and Rother communities.
regardless of diagnosis.
Offer holistic support to families and carers. k￿lping them remain resilient and independant.
Ensure patients and families receive clear. compassionate communication. empowering
them with knowledge and choices about their care.
Respect and record patients. p￿feren￿S for care and place of death, striving to fulfil these
wherever possible.
Deliver expert bereavement support to those coping with loss.
Com
rehensive services
St Michael's Hospice offers a wide range of services designed to enhance quality of lrfe and dignity:
Specialist symptom control to maximise comfort and wellbeing.
Emotional, social. spiritual. and practical support to help individuals arKJ families navigate
the challenges of serious illness.
Rehabilitslion services lo promote independence arvj engagement in meaningful activities.
In-pats'ent care for those needing intensive support.
2417 telephone advice for patients, families. and healthcare professionals.
Collaborab've care planning with oiher health and social care providers to ensure continuty
and consistency.
Support for patients to be cared for in their prefe￿ed place, whenever possible.
Care delivered with respect, d￿nty, and sensitivity to individual needs.
Page 3

St Michael's Hospice Hastings and Rother
Roport of the Trustees and strategic report (continued)
For the year ended 31 March 2025
Assistance from trained volunteers vtho enhance the Hospice's compassionate
environment.
8ereavement services tailored to the emotional rEeils of those grieving.
ert team & education
Care is delivered by a highly skilled interdisciplinary team. including consultants in palliative
medicine. specialist nurses and doctors. therapists. social workers, spiritual care leads. wellbeing
assistants. and phamacists. All team members work wthin professional. legal. and ethical
frameworks to ensure the highest standards of rare.
The Hospice also plays a wtal role in educating and supporting health and social care professionals,
induding staff in nursing homes. to improve palliative ￿re across the wider Community.
1.3. Main activities undertaken to furthor the charity's purposes for the public bonofft
The charity serves a population of c1 living in Hastings and Rother. All the activities undertaken
by the tharily are to further its charitsble purposes for the benefit of the people livin9 Within its
catchment area and all services are provided free of charge.
Much of the charity's funding comes from local individuals and organisations and most of its
beneficiaries are predominantly. but not exclusively, drawn from Hastings and Rother. Services are
also available for those who have not been resident locally bui need support, e.g. someone vtho
has moved into the area to be closer to their family.
The Trustees have considered the Charity Commission's guidance on PLJblic benefil and can
confirm that the charitls activity does deliver public benefit. The main benefits that have arisen
throughout the year are detailed in the following pages.
1.4. Aims. detsils of issues the charity seeks to tackle, changos or differences it seeks to
make
Through the servI￿S it provides. the training it delivers and numerous fundraising activities, the
Hospice aims to raise awareness of and support the erMI of life and bereavement needs of those
living in the local area.
1.5. How achievement of aims will further the charity's legal purposes
Providing Hospice care directly fulfils the charity's legal aim of promoting the relief of si¢kness by
supporting the physical. psychological. social and spiritual needs of those affected by life-limiting
illness. In addition, it provides holistic emotional and spiritual support to make sense of and cope
with supporting someone with a life-limiting illness.
Providing education and training lo other health and social 13re professionals is irmjirectly fulfilling
the ¢harity's aim of promoting the relief of sickness.
Encouraging people to engage in furKlraising aclivib'es is a way of enabling them to do something
positive in someone's memory as well as raising awareness and support for the charity. This
therefore indirectly fuifils the charity's aim of promoting relief of si¢kness.
Pa8e 4

St Michael's Hospice Hastings and Rother
Report of the Trustees and strateglc report (Continued)
For the year ended 31 March 2025
2. STRUCTURE, GOVERNANCE AND MANAGEMENT
2.1. Governin9 document
St Michael's Hospice Hastings and Rolher is a company limited by guarantee and registered with
Companies House. Ils Articles of Assoeialion were last revised and agreed on 27 January 2012
and will be reviewed in 2025126. The Trustees of the Charity (who are also Directors of the
Company) are drawn from the local community.
2.2. Organisational structure
The Chief Executive is appointed by the Board of Trustees to manage the day-to4ay operations of
the charity. The Board seeks to ensure that all the charity's activities are wilhin its charitable objects
and its responsibilities include setting the strategic direction and approving the business plan and
budgets. The Chief Executive and the Leadership Team attend and present information at each
formal Board meeting to enable effective decision-making and ensure open and transparent
communications.
During the year 2024125. the Board met formally fple times. Additionally. it held a strategy day
focused on plans to build a new Hospice and a joint Board meeting with St Wilfrid's Hospice in
Eastboume to discuss assisted dwng.
The Clinical G0Veman￿ and GoVemar￿e. Audit & Risk Committees met four limes whilst the
People and Finan￿ & Income Generation Committees met three times. One joint meeting of the
Finan￿ & Income Generation and Governan￿, Audit & Risk Committees was also held during this
time. The Nominations Committee met during the year to consider the appointment of a new
Chair.
The Capital Project Board, established to oversee the development of a new Hospice, met six times
during the year. The Capital Appeal Boar(I, established to oversee a capital appeal lo support the
projeGI met three times.
St Michael's Hospice has one wholly owned subsidiary company that operates its lottery business.
The Lottery Board met three times during 2024125 to scrulinise the operation of the Lottery business
and explore opportunities to increase its income and covenant to the Hospice. They also held one
strategy day in the year.
Retail ceased operations on 1$1 Awil 2025, with trading actiwties transiiioning to the Hospice.
2.3. Recruitment and appointment of Trustees
The Articles of Association slate that there must be a minimum of four and a maximum of fifteen
Trustees. The initial appointment of Trustees is for a period of three years followed by a second
lemi of three years. Thereafter, the position is rewewed annually up to the maximum of nine years.
For 2024125, the Board of Trustees delegated responsibility for succession planning, recruitment
and induction of Trustees to the Goveman¢e. Audtt and Risk Committee who then make
recommendations to appoint to the Board. The skills of existing Board members are assessed and
where a skills gap exists. adverlising wll tske place using the most ¢ost-effedive method for Ihe
skills being sought whilst ensuring a wide. diverse audience is reached. Members of Ihe
Governan￿, Audit and Risk Committe& will then interview ￿ndidateS who meel the selection
criteria. Once appointed. all new Trustees undertake an induction programme specFfic to their
needs.
Pa￿5

st Michael's Hospice Hastings and Rother
Report of the Trustees and strategic report (continued}
For the year ended 31 March 2025
During this period there have been three Trustee resignations:
James Thomas." with effect from 19 June 2024
Susan Munroe.. with effect from 1 st November 2024
Magnus Spence: with effect from 24th March 2025
The following appointments were made at General Meetings:
71h June 2024
Sam Carter was appointed as Chair of the Lottery Board.
27th Au
ust 2024
o Andy Watson was appointed as Trustee and Chair designate wilh effect from 1 st
September 2024.
David Rogers was appointed as Twstee with effect from 1st October 2024.
31SI October 2024
lan men￿eS was reappointed as Trustee and Treasurer
Simon Daws was reapp(xnted as Trustee
David Walker was appointed as Trustee with effect frC￿ 31st October 2024
23rd Janua
2025
o Nigel KiTby-Green was reappointed as Truslee
Susannah cla￿On was reappointed as Non-Executive D1￿ctor to the Lottery Board
Helen Snellgrove was reappointed as Non-Executive Director to the Lottery Board
The Trustees who served during the year are shown below alongside their sub-committee
membership..
CAB
CPB
CGC
FIG
GAR
NC
pc
Tony
Boardman
lan Crick
Simon
Daws
K8ry
Gentleman
Page 6

St Michaol's Hospice Hastings and Rother
Report of the Trustees and strateglc report (continued)
For the year ended 31 March 2025
Nigel
Kirby-
Green
Geoff
Longmire
CAB
CPB
CGC
FIG
GAR
NC
pc
lan
Menzies
Susan
Munroe
David
Rogers
Linda
Slevens
Magnus
Spen
James
Thomas
DavKJ
Walker
Andy
Watson
Ke
CAB.. Capital Appeal Board
CPB.. Capital Projecl Boar(1
CGC.. Clinical Governance Commillee
FIG.. Finance and Income Generdlion Committee
GAR.. Governance, Audit and Risk Commrttee
NC.. Nominations Commrttee
PC.. People Committee
2.4. Romuneration for key management personnel
The Trustees consider thai the Trustees and the Leadership Team comprise the key management
individuals of the charity responsible for dire¢ting. controlling and operating the charity on a day-to-
day basis. Al Trustees give Iheir time freely and received no remuneration within the year.
The Hospice directly employs medical consultants, doctors. nurses and other allied healthcare
professionals. who are paid at a rale aligned with the relevant national scale. The Leadership Tearn
remuneration is reviewed annually by the People Committee as part of the annual budget cycle
where inflation. other hospices and NHS increases are taken into consideration. The Hospio also
takes part in salary surveys and benthmarks against a range of peers.
Pay7

St Michael's Hosplco Hastings and Rother
Report of the Trustees and strategic report (continued)
For thè year ended 31 March 2025
STRATEGIC REPORT
3.1 Introduction from the Chief Executive Officer
I'm pleased to share our 2024125 Annual Report, highlighting a year of progress with our Hospice
strategy. Guided by a public health palliats've care approach. we sUPPOrted over 2,100 individuals-
20 % receiving bereavement support - an integral part of our hospice offer.
We implemented year two of the clinical strategy. placing people at the heart of our care-
respecting their unique needs. values and preferences and empowering them to make infomed
choices about their care.
Alongside our cfinical work. our compassionate oynmunities strategy continues to grow. We
recognise that dying, death, and loss can be deeply isolating experiences and, as people become
unwell or lake on a caring role. connections can fade. Our goal is to rebuild those vital nelworks
of support-bringing people together and helping to ease loneliness for those living with
advanced illness, caring for a loved one. or gneving someone who was imFQrtant to them.
Financially, the landscape remains challenging arMI for the first time in many years. the Hospi
ended the year wilh a significant deficit. With just 28% of our running costs covered by the NHS.
our relian￿ on our local community to support us continues to grow. Through our partnership
with NHS Sussex and the advocacy work being done by Hospice UK nationally we hope for a
future when there is a fairer, more sustainable approach to hospice funding.
Despite the financial challenges we continue to explore options for Lxeating new facilities so that
the Hospi￿ can continue to support people long into the future. Both the current sile and
alternative locations are bein9 considered, and we hope to conclude this in 2025126. A decision lo
progress a new development will be dependent on the Trustees being satisfied that the
organisation is financially secure enough to embark on such a significant undertaking.
St Michael's Hospice hokls a cherished place in our community, and it's thanks to the
extraordinary generosity of our volunteers and supporters-who give their time, resources, and
donalions-that we exist. We are deeply grateful. and we hope they know just how much they
mean to US.
As I reflect on the year. I feel incredibly privileged to lead such an aspirational organisation. Our
people are passionate, dedicated, and unwavering in their commitment to delivering high-quality
care and support to patients and families. It's an honour to be part of this team.
Dr Karen Clarke
Chief Executive
3.2 Achievements in the year 2024125
Our vision
A kind, resilient and emwwered communty that is ready. willing, capable and confident to support
people living with dying. death and loss.
Our strate
We aim lo become a centre of ex￿llenCe in palliative ore, education and research. while building
a compassionate community that supwrts one another through end-of-life experiences.
Page 8

st Michael's Hospice Hastings and Rother
Report of the Trustees and strategic report {¢ontinued}
For the year ended 31 March 2025
We believe our community holds valuable assets that. with support from Sl Michael's Hospice. can
improve end-of-life outcomes for all. Alongside delivering specialist palliative Care, we will embed a
publi¢ health apprOac￿f0cuslng on partnership and collaboratTron wth individuals. families,
professionals, and civic institutions.
To achieve our vision. we will..
Deliver high-qualily specialist palliative and end￿-life care
Educate and collaborate with health and soual care partners
Empower communities through listening. enga9emenl and support
Influen￿ and advise civic instituts.ons including schools. workplaces, councils. and failh
groups.
Sl Michael's Hospice will act as a catalyst for chanwhaping the conversation and experience
of dying. death and loss through communtty development. Our united team ethos underpins
everyihing we do.
Our Hospice shops and Lottery Collectors play a vital role in connecting with communtties, reducing
isolation, and bringing services closer to where people live.
In 2024125 the Hospice has focused on delivery of several key straiegies to support ils vision,
mission and values, including..
Clinical and clinical education
Organisational development
Retail and fundraising
Marketing and communications
Data, systems and insighl
Compassionate communities
The following section highlights some of the key aCh￿vements in 2024125
3.2.1 Increase clinical rèach
In 2024125 our teams continued to increase the number of dinical contacts with patients and their
families. This means more patients were seen in the community.
Bereavement counselling waiting times were reduced due to the introduction of more social and
therapeutiG groups for those bereaved.
The total number of people supported across all hospice services Gan be seen in the graphic below.
Pay9

St Michael's Hospice Haslings and Rother
Report of the Trustees and strategic report (continued)
For the year ended 31 March 2025
2024125 Hospice Reach- Palliative and Bereavement
211 patient5 and
19&lmissiertsto
In-wiert unit
er 1600home¥ists
rn8deto 81
patientsby
Specialist palliati%t care
OM26 OODcails
supportingcornrnunity
paI￿￿1Ve paknents
Rea¢h•d 15
peopl•needing
endol lrfe
c￿rWQhDurs01
supp0rtwawellbe￿E r-
roups
IL4 patiènts Ond o¥*r
SOO hoursofone-w-
Outpatsem support
Ovei 27
hours one-to-
onebereavemeni supp)rt
470
by
eoF4e supported
&Ta
Ne8[ty5￿ attendances • •
ber¢thtmenterwps
Hastings has one of the highest rates of deprivation in England. In 2024125 we gathered
demographic data on patients referred to all our services. to produce a comprehensive data set
across all patient aclivtty. This wll enable us to make more infomied decisions on improving
accessibility lo services for everyone in our community and is part of the Clinical Strategy for 2024-
2027.
Following the success of the 2024 Hospi￿ Line pilot. three Sussex hospices launched a second
trial in early 2025-this time testing a shared model where one hospice answered palienl calls for
all. Trained clinical administrators and healthcare assistants provide(I compassionate first
responses, triaged needs, and escalated calls when specialist input was required. Shared patsent
records ensured continuity of care and spared patients from repealing their medical history. Over
12 weekends. the team handled more than 1,000 calls. supporting 425 patients. This has provided
further evidence that a shared support line is more effe¢tive, and more efficient than running
separate seNices.
Over the past two years, medical consultants from East Sussex NHS Trust. our Hospice. and St
Wilfrid's Hospi￿ {Eastboume) have begun w0￿1n9 as a unified leam-bringing real benefits to
patient care. Cross-site collaboration has improved equity and continuity- For example. a consultant.
. can assess a patient.in hospitsl and arrange a seamless transfer to a hospi￿ bed, with the care
plan following them-avoiding repeat rewews. With a shared pool of eight consultsnls, patients now
have more opportunities for face-to-fao consultstions in varied settings. One of our consultants,
for instance. works in Eastboume every Thursday. seeing ward patients in the morning and running
an outpatient clinic in the aflemoon.
The Community Partnerships and Inclusion team continues to progress its work within three
interGonne¢ted workstreams.. clinical activits'es that support a ¢ompassionate communily agenda:
Hospice-led initiatives to augment or pump prime compassion within a community,. and working
with the community using an asset-based community developmenl (ABCD) approach.
Page IQ

St Michael's Hospice Hastings and Rother
Report of the Trustees and strategic re￿1 (continued)
For the year ended 31 March 2025
Led by the community, the Hospice hosts monthly Saturday Socials and weekly Thursday Coff88
Stops, designed to redu￿ loneliness and social isolation. In the year they had 646 and 1262
attendances respectively. These initiatives are supported by community volunteers giving 3043
hours of their time (up from 2885 last year) with 35 volunteers engaged specifically in befriending
116 patients or carers. Of these beneficiaries. 94% reported 'a lot, of reduction in feelings of
loneliness and isolation. 88°A reported 'a lot. of improvement in their wellbeing. Our volunteers
themselves reported a 100Yo increase in their connectedness to community, as well as a 92Yo
increase in their awareness of people's needs around dying, death and loss.
3.2.2 Improve and demonstrate our effectiveness
In 2024125, progress continues to be made in using data to support care and deGision-makn'ng. New
tools like Power Bl and improved skills in the Data. Systems and Insight team have made a big
difference. The Board and managers now regularly use visual dashboards and statistical process
charts lo guide decisions. monitor progress and seek assurance. This new approach has been well
ceived and is now a key part of how we work.
Trustee visits play an important role in our govemance wocesses. In 2024125 there were three
Trustee visits involving six TnJstee5. The moming part of the wsit is spent with clinical teams
focused on either Safe. Caring. Effeclive Of Responsive. The aftemoon focuses on Well Led and
allows Trustees to spend time with the wider Hospi￿ teams. Guidance is given on questions to
incorporate into discussions based on assurance requirements. The Care Quality Commission .1
and We" statements are induded in the planning of these questions. Following their visit, Trustees
submit a written report which is shared with the Extended Leadership Team and the Board. Some
of the feedback is shown below".
°Improved collaborat￿n was increa&ng effectiveness - wrthin teams and behveen t8am& The
introduGtion of triage as wellas moreioined up working is contributing well to achieving a fullholisti¢
appmach to care.
"Teams were starting to recognise the imwtance of good, well-presented data to improve ways of
working and justfy future requirements.
°We have some very capable and passionate people in St Michael's who are thriving in a really
supportive and posrtive environment.
"The Schwartz Rounds are b8nefwl in bnnging teams togetherf
Feedback is also gathered from the people Trustees meet:
"They asked tough qUest￿n￿l That is not a complaint, they were the right questions. and it is good
that they are asked..
here was a feeling of openness. that you could be honest and discuss some of the concerns as
well as some of the successes."
The ca￿ Quality Commission introduced the Single Assessment Framework as part of a
transformation programrne, and we have created a new Vantage module as a data repository in
response to this. As part of the Single Assessment Framework introduction, Relationship
Managers, who were the Hospice's contsct within the Care Quality Commission and responsible
for direct monitoring, were withdrawn. Therefore. there has been no direct monitoring undertaken
in 2024 and nor has the Hospice been inspected during 2024125.
P¥e li

St Michael'5 Hospice Hastings and Rother
Report of the Trustees and strategic report (Continued)
For the year ended 31 March 2025
67% of the formal and informal complaints re￿iVed related to clinical care or support with the main
areas highlighting issues with communication, responsiveness of the servicE, and lack of care and
support. Clinical complaints are discussed at Clinical Governan￿ Committee and the Board.
Feedback is shared with team members to increase understanding of the impact of a poor
experience on patients and families. Lessons leamt and recommendations from the investigations
into the complaints inform the Hospice's education, audit and quality improvement priorities. A
review of how complaints are managed was carried out and a new prO￿sS introduced in April 2024
to ensure learning is maximised.
The Care Quality Comrnission was notified ofa complaint which had not been satisfactorily resolved
for the complainant. They dosed the case on 4 February 2025, but updales continue to be sent
following events such as the Ombudsman confimiing they are not progressing the complaint.
Regrettably. there are times vthen the HospI￿'S servi￿S do rK>t meet the expectations of its servi
users an¢J in 2024125 there were eight formal complaints with a further 25 concerns or infomial
complaints raised. A thorough investigation is undertaken into all complaints and a written response
provided to the complainant within 20 days.
In response to feedback, we continue to..
Improve communication skills within the teams through education and observation of
practi
Work closely wilh extemal organisations to improve communication, continuity of care and
the experience of patients and families
Gather carer experience- the Vol￿$ survey and Views on Care has been laun¢hed to help
achieve this. as well as seeking monthly feedback during ihe monthly ward audit.
Rewew discharge processes on the In-Patienl Unil
Ensure the website has up to date infomation abjut services.
other complaints related to Income Generation activities and facilities at Hospice sites. Fortunately,
as these were relatively few. there were no trends or undedying issues identified.
As a key priority, digital transfomiation initiatives in 2024125 included= a new cloud-based telephone
system.. a new digital t¢￿1 for celebrating efflployee and volunteers (Viva Engage}- transitioning files
and folders to a Microsoft 365 SharePoint infrastructure- digitalising clinical rotas and timesheets
and the first steps were taken to introduce generattve artfficial intelligen￿.
The Sussex Hospi￿ Allian￿ (SHA) and NHS Sussex fonned a formal partnership. marked by a
Memorandum of Understanding IMOU) in September 2024. Since then, the Partnership, and other
partners, have been working together to find ways to better meet the needs of more people across
Sussex. Collaborating. lo share knowledge, improve efficiency, aThJ to make sure that everyone
has fair and easy access to high-qualty. Sustainable palliative and end of life care.
Key objectives indude improving quality and outcomes at the end ol lrfe and ensuring:
the best use of public money. enabling the hospices to work vlith providers across the
system to bring the expertise of the hospices as one voice
working together in response lo the strategic plans and to provide a more resilient offer.
This approach provides a framework to enable the hoSpi￿S to work together to redu￿ some of the
financial sustainability risks for the charities which make up the Sussex Hospice Allian￿ and also
supports the system to deliver within budgetary constraints.
Pa8e 12

st Mlchael's Hospice Hastings and Rothèr
Report of the Trustees and strategic rewt (continued)
For the year ended 31 March 2025
Strong partnerships between the hospices and wider partners are more crucial than ever given the
national and local context of system change and financial challenge.
The Alliance's leadership and management development programme "THRIVE. continues to
receive positive feedback with seven cohorts of managers across five hospic£s (n=110) Completing
the programme. A further cohort ￿ll11 be delivered in 2025126
3.2.3 Develop and value our people
A new Income Generation Director was appointed in January 2025 bringing a new skillset and
fresh ideas for fundraising, retail and lottery. The knowledge and expertise of the previous
postholder has been retained to strengthen how we support and value our donors.
We're delighted with the success We￿ had in reuurting more registered nurses which has
enabled us to increase the number of beds we have open. We continue to develop our own
pipeline of nursing resource, and two trainee Nurse Assooates are in the final stages of
completing their training to become Registered Nurse Associates. The Hospice 15 also using its
apprenticeship levy to support an employee to complete an Occupational Therapy apprenticeship
which finishes in 2025126.
The Hospice was the first in the county to athieve Hospice UK'S Compassionate Employer's
Gold Award after being able to evidence the support provided lo enhance employee wellbeing
including a Carer's Forum and the Employee Wellbeing and Supervision Framework.
In 2024125, a wellbeing survey was conducted specifically for retail employees - recognising that
their wellbeing needs would differ to Ihose based at the main Hospice site. As a result. we have
updated the facilities in several of our shops. creating break spaces. improving signage and
display equipment as well as sharing more specific wellbeing support activtties with the remote
teams.
A series of Core Manager training modules have been created and delivered. upskilling and
enabling managers to effectively support their teams and contribute to the Hospice's key
objectives.
We introduced Freedom to Speak Up Guardians for the first time. training three employees and a
Truslee to be guardians. This was well received. and six conwns were raised and addressed in
the first quarter following launch.
3.2.4 Ensure our long-terni sustainability
Gross income for the year was £8.02m and expenditure was £9.1 m resulting in a year end deficit
of £1.08m before investrnent gains.
Total income was £240k lower than 202W24. This was principally attributable to a reduction of
£695k in legacy revenue. though partially offset by improved income from fundraising (£134k) and
additional grant income from the Department Heath and Social Care {£147k).
Total expenditure was £1.03m higher than 2023124. This is principally attributable to higher
employmenl costs, the consequence of signfficantly reduced vacancy rates, a Consequen￿ of
greatly improved retention rates.
Page 13

St Michael's Hospice Hastings and Rother
Report of the Trustees and strategic report (continued)
For the year ended 31 March 2025
Lotte
The Hospice Lottery actiwty remains in a strong position, gr¢)wing week on week thanks to the
positive effects of having increased canvassers, and pro-active approaches to retention and
stewardship. As of March 2025, we had 16.675 players each week. two hundred more players than
on average last year.
We now have five canvassers working our local catchment area, reducing the single point of risk
associated with our previously having just one canvasser this time last year.
In lolal, our lottery Contributed more than £500.000 to St Michaels Hospice in the last financial year
and continues lo grow thanks to renewed efforts and ambition within Ihe tearn.
For every £1 played in the lottery. 54p went to the Hospi￿ (the legal requirement is to pay al least
20p), 18p wenl into the prize fund and 28p covered the adminislralion. promotion, and legal
regulation expenditure.
Retail and E-commerce o
rations
Through seven shops and e-cornmer￿. the Retail operation generate(f £799,631 in income, an
increase of £22.230 from 2023124. and delivered a profit of £37,092. A new shop was opened in a
key location. replacing an underperfomiing shop and several refurbishments of existing shops were
undertaken. Income from Gift Aid was not maximised in 2024125 and requires further effort lo
ensure this is optimised in futufe.
Some of the key opportunities identtfied to strengthen and grow retail income for future years
include..
Introducing a new Shop Stsndards Framework to improve customer experiences,
merchandising, pricing and slod( rotation
Implementing a managers. competency framework to maintain high standards within our
shop teams
Re-energised volunteer recruitment strategy to mitigate gaps in staffing which
contributes to105t trading hours and decreased income generation.
Re-framing E-commerce to focus on high valueloJle¢tsb￿ and niche ilems
Opening an 'Oullel' at the Distribution Centre
Increased focus on maximising Grft Aid income through all retsil channels.
Hos
I￿ UK membershi
Sl Michael's Hospi￿ is a member of Hospi￿ UK (HUK), the national charity which exists to support
and prowde a Campaigning wxce to hospices across the United Kingdom. This has helped to raise
the profile of hospices across govemmenl departments and generated some positive results,
particularty in relation lo raising awareness of the impact of the increasing cosl of living on hospices.
Page 14

St Michael's Hospice Hastings and Rother
Report of the Trustees and strategic rep￿ (continued)
For the year ended 31 March 2025
FINANCIAL REVIEW
Reserves policy
One of the key risks that the charity faces is a fall in its income because of a drop in donated funds.
To sustain the organisalion's ability to deliver the ServI￿S to which it has committed. to Ihe Trustees
have agreed to maintain financial reserves as they deem ne￿SSary to ensure there can be
continuity.
Following the decision to build a new hospice the Trustees designated £5m from ils reserves to
help fund a new facility.
The fixed asset reserve represents the amount of the total reserves that are tied up in tangible fixed
assets. mainly freehold propety including the Hospice building. As at 31 March 2025, the
Consolidated Balance Sheet total was £14.87 million (2024 - £15.64 million).
Investment policy and objectives
The charity's investment objective for short-temi reserves is to preserve the capital value with a
minimum level of risk ensuring that the Hospi￿ is able to meet unanticipated cash flow
requirements. Funds treated as short-temi woukl usually be invested only in a mix of short and
medium-tem deposits.
The investment objective for long-lerm reserves is to secure a retum in eX￿sS of inflation,
generating an income lo support the Hospice's on-going activities. The Hospice has adopted an
ethical investment policy to ensure that its investrnents do not conflict with its aims and therefore
precludes direct or indirect investments in companies that generate revenue from tobacco or amis
and those ¢ompanies whose principal activtty is either gambling or pomography.
Invoslment perforniance
Al 31 March 2025, the market value of the portfolK) was £6.5 million. with an estimated yiekl of
2.4%.
Risk management
Risk registers are reviewed by the Extended Leadership Team monthly and by the Governance,
Audil and Risk, People and Clinical Govemance Committees, on a bi-monthly or quarterly basis,
identi￿.n9 potentially significant risks, assessing their likelihood and impact and agreeing mitigating
action. Strategic risks are subsequently reported to the Board at each meeting.
The key risks fa￿d by the charity in 2024125 as identified in risk registers were".
Nursing workforce shortages: the national shortage of specialist palliative care nurses adversely
affected the Hospice for the first quarter. where not all available beds were able lo be adequately
staffed. but thanks to successful recruitment campaigns that risk has been redur£d to a tolerable
level by the end of the year.
Pay for all clinical employees has been a factor in Suc￿ssfullY recruiting a skilled workforce, but
sustaining increase¢J salary costs remains thallenging against the financial backdrop for many
hoSpI￿S. This will be an ongoing risk in 2025126.
Reputation damage: The Hospice is known as a qualty health care provider. and its reputation is
of vital importance. In prewous years changes to service delivery, because of workforce shortages.
and a reliance on health and sooal care partners to work collaboratively to provide a seamless
service. meant there was an increased risk of complaints and reputational damage. However, a
Page 15

St Mlchael's Hospice Hastlngs and Rother
Report of the Trustees and strategic rèport (continued)
For the year ended 31 March 2025
Community Transfom)alion Flan in 2024125 has meant this risk has now reduced to a tolerable
level.
Funding: Not being a￿e to generate sufficient income to ensure the Hospice can operate
effectively, has, despite best efforts, remained a high risk. A combination of increased employment
costs. general expenditure and changes in donor behawour have meant that this continues to be
an area of risk.
Business Conlinuity: Being able to robustly respond to external factors ihat may impact of the
Hospice's ability to operate has been a high-risk factor in 2024125. However, significant work has
been undertaken lo strengthen business continuity plans and tesl their resilience Ihrough a desk
lop exercise. Further work will be conduded around cyber security in 2025126.
Fundraising
The Trustees tske their responsibilities under the Charities (Prolection and Social Investrnent) Act
2016 seriously and have considered the implications on their fundraising activities.
Th8 Hospio is committed lo ensuring that all donors. supporters and partners in fundraising
experience the very highest levels of stewardship and support. The Hospice fundraises through a
range of income streams, including third party 'in-aid of events and aclivitses undertaken by the
public and individual SLJPPOrters, groups and businesses. as well as our own drive lo generate
income through grant-giving trusts. direct mailings. appeals and events. The fundraising
environment is very challenging. with the increasing costs of living and our socioleconomic
demographic being one of limited opportunity means we are reaching for ever more inclusiv8.
accessible and scalable income generation activities that help shift our relian￿ on less predictable
income streams. such as trusts & legacy giving.
St Michael's Hospice Lottery Limited runs a weekly lottery with the profits of the company being gift
aided to the charity. The work of the Lottery Team is regulated by the Gambling Commission. 11 is
one of the UK'S most successful independent hospi￿ lotteries. However, historic restrictions on
communication have hampered efforts lo engage and thank supporters. contributing to high
attrition. A review of our GDPR pradices in line wrth Complian￿ has resulted in improved
opportunity in this area. and we expecl to see this favourably impact attrition.
St Michael's Hospi￿ Haslings and Rolher is registered with the Fundraising Regulator and abides
by the Regulatorfs Code of Fundraising Practice and the Fundraising Promise. The Hospice is
careful lo ensure that it tskes all reasonable steps to treat a donor fairly. enabling donors lo make
an informed decision about any potential donation. The Hospice adopts guidance on best
fundraising practice provided by regulatory bodies and will continue to do so as these are updated.
During the year lo 31 March 2025. there were two complaints in relation to fundraising, however
neither required onward reporting to the Charity Commi55ion or Fundraising Regulalor.
Page 16

st Michael's Hospice Hastings and Rother
Report of the Trustees and strategic report (continued)
For the year ended 31 March 2025
PLANS FOR THE FUTURE
The Board has agreed that the existing Hospice strategy is still fit for purpose and will ¢onlinue to
be the basis on which the Hospice delivers its vision. In 2025126 the Hospice plans to do the
following..
Increase our income through investing in and developing a more commercial business
model
Optimise the use of digital technologies through improving intemal digital capabilities and
streamlining processes.
Use digital solulions to increase income
Improve efficiency and ensure long-temi sustainability by optimising opportunities to
collaborate with the Sussex Hospice Alliance, St Wilfrid's Hospice (Eastboume), Easl
Sussex Healthcare Trust and new partnerships to ensure the best outcomes for
beneficiaries.
Evaluate all ¢lini¢al services to ensure that they directly alKJn with the Hospice's strategy
and mission. are reaGhing the optimal number of beneficiaries. with good outcomes. and
are operating safely. efficiently and effectively.
Take action to develop and relain a diverse and hNJhly-skilled workforce.
Statement of Trustees, responsibilities
The Trustees (who are also Directors of the charity for the purposes of company law} are
responsible for preparing the Tnjstees. Report and Ihe financial statements in accordance with
applicable law and United lQ'ngdom Accounting Standards (United Kingdom Generally Accepted
Accounting Praclice).
Company law requirès the Trustees lo prepare finan¢ial statements for each financial year which
give a true and fair view of the slate of affairs of the charitable company and the group and of the
incoming resources and application of resources. including the income and expenditure. of the
charitable group for that period. In preparing these financial statements. the Trustees are required
to..
seled suitable acwunting policies and then apply them Consistent￿.,
observe the methods and principles in the Charities SORP (FRS 102)..
make judgements and estimales that are reasonable and prudent..
state whether applicable accounting standards have been followed. subject to any material
departures disclosed and explained in the financial statements. and
Pfepare the financial statements on Ihe going con￿rn basis unless it is inappropriate to
presume thal the charity wll continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time Ihe financial posttion of the charitable company and enable them to ensure
that the finan¢ial statements comply with the Companies Act 2¢X16. They are also responsible for
safeguarding the assets of the charitable ¢ompany and the group and hen￿ for taking reasonable
steps for the prevention and dele¢tion of fraud and olher irregulanties.
In so far as the Trustees are awa￿.
there is no relevant audit infomation of which the tharitable company's auditor is unaware..
and
Pale 17

St Mlchael's Hosplce Hastsng$ and Rother
Roport of Iho Tru$t••s and Strategic rnport (continuedl
For the y•ar ended 31 March 2025
the Trustees have taken 311 sleps that they ought lo have taken lo make themSe￿eS aware
of any relevant audit information and to estsblish that the auditor is aware of that information.
The Trustees are responsible for the mainl8nance and integrity of the charity and the financial
infomialion included on the charrty's websrte. Legislation in the Unrted ￿.ngdOrn goveining the
preparatKJn and dissemination of financial slatements may dffter from legislation in other
jurisdiclions.
Audito
Saffery LLP were audrtors during th? period and their reappointmgnl will be C￿nSIdere¢j at the
annual general meeting.
On behaw of the Board
Watson
Trustee
Pay 18

St Michael's Hospice Hastings and Rother
Independent auditors, report to the members
For the year ended 31 March 2025
Opinion
We have audited the financial statements of Sl Michael's Hospice Haslings and Rother (Ihe 'parent
charitable company l arKI its subsidianes (the 'group') for the year ended 31 March 2025 which
comprise the group slatemenl of financial activities. the group and charity balance sheels, the group
cash flow statement and the notes to the financial statemenls. induding significant accounting
policies. The financial reporting framework that has been applied in their preparation is applicable
law and United Kingdom Accounting Standards. including Financial Reporting Standard 102, the
Financial Reporting Stsndard applicable in the UK and Republic of Ireland (United Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial statements=
give a true and fair view of the State of the affair5 of the group and Ihe parent charitable
company as al 31 March 2025 and of the group's incoming resources and application of
resources, including ils income and expenditure. for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practi￿. and
have been prepared in accOrdar￿e with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Inlemational Standards on Auditing (UK) (ISAS (UK))
and applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent
of the group and parent charitable company in a¢cordan¢e the ethical requirements that are
relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard.
and we have fulfilled our other ethical responsibilities in accordance with these requirements. We
believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our opinion.
Conclusions relating to going concern
In auditing the financial stalemenls, we have concluded that the trustees. use of the going concern
basis of accounting in the preparabon of the financial statements Is appropriate.
Based on the work we have perfo￿ned, we have not idenlffied any material uncertainties relating
to events or conditions that. individually or collectively. may cast significant doubl on the group or
the parent charitable companws ability to continue a5 a going concern for a period of at least Iwelve
months from when the finan¢ial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to goiNJ con¢em are
described in the relevant sections of this report.
Other inf0m￿tion
The trustees are responsible for the other infonnation. The other inforniation comprises the
infomiation included in the annual report, other than the financial ststements and our auditor's
report thereon. Our opinion on the financial statements does not cover the other infonnation and,
ex￿pt to the extent otherwise explicrtly stated in our report. we do not express any fonm of
assurance condusion thereon.
Page 19

st Michael's Hospice Hastings and Rother
Independent auditors. report to the members (continued)
For the year ended 31 March 2025
Our responsibility is to read the other infomiats'on and, in doing so. consider whether the other
information is rnaterially inconsistent with the financial statements or our knowledge obtained in the
course of the audit Of othe￿iSe appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether this
gives rise to a material misstatement in the financial ststements themselves. If, based on the work
we have performed, we condude that there is a material misstatement of this other infomiation. we
are required to report that facl.
We have nothing io report in this regard.
Olher matters prescrlbed by the Companies Act 2006
In our opinion, based on the work undertaken in th8 course of the aud5t'.
the information given in the Tnjstees. Report which includes the Directors, Report and the
strategic Report for the financial year for which the finan¢ial statements are prèpared is
consistent with the financial statements.. and
the Trustees. Report which indudes the Directors. Report and the Strategic Report has
been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and undefstanding of the group and the pa￿nt charitable company
and their environment obtained in the course of the audit. we have not identified material
misstatements in the Trustees, Report and Strategic Report.
We have nothing to report in respect of the foll¢)wing matters where the Companies Act 2006 require
us to report lo you if, in our opinion-.
adequate accounting records have not been kept by the parent charitable company, or
returns adequate for our audit have not been received from branthes not visited by us., or
the parent charitable company financial statements are not in agreement with the
accounting records and retums" or
certain disclosures of trustees. remuneration specified by law are not made; or
we have r￿t received all the infomiats'on and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Staternent of Trustees, Responsibilities on pages 17 and 18. the
trustees (who are also the directots of the parent charitable company for the purposes of company
law) are responsible for the preparation of the financial statements and for being satisfied that they
give a true and fair view, and for such internal rx)ntrol as the Iruslees detemiine is necessary to
enable the preparation of the financial statements that are free from material misstatement, whether
due to fraud or error.
In preparing the finaneial statements. the trustees are responsible for assessing the group and the
parent charitable company's ability to continue as a going concem. disclosing. as applicable.
matters related to going concem and using the going concem basis of accounting unless the
trustees either intend to liquidate the group or the parent charitable company or to ￿ase operations,
or have no realistic altemative but to do so.
P4e 20

St Michael's Hospice Hastings and Rother
Independent auditors, report to the members {continued)
For the year ended 31 March 2025
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditots under the Companies Act 20C6 and report in a¢cordance with
regulations made under that Act.
Our objectives are to obtain reasonable assurance about whether the group and parent financial
statements as a whole are free from matenal misstatement, whether due to fraud or error, and to
issue an auditor's report that includes our opinion. Reasonable assurance is a high level of
assurance. but is not a guarantee that an audit conducted in accordance wtth ISAS (UK) will always
detect a material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if. individually or in the aggregate. they could reasonably be expected to
Influen￿ the economic decisions of users taken on the basis of ihese financial statements.
Irregularities. including fraud, are instsnces of non-compliance with laws and regulations. We
design procedures in line with our responsibilities. outlined above. to delect material misstatements
in respect of irregularities. including fraud. The specific procedures for this engagement and the
extent to which these are capable of detecting irregularities, including fraud are detailed below.
Identifying and assessing risks related to l￿egUlarl11es=
We assessed the susceptibilily of the group and parent charitable ojmpany's finanaal statements
to material misstatement and how fraud might occur. including through discussions with the
trustees, discussions wilhin our audit team planning meeting, updating our record of internal
ontro15 and ensuring these controls operated as intended. We evaluated possible incentives and
opportunities for fraudulent manipulation of the financial statements. We identrfied laws and
regulations that are of significance in the context of the group and parent charitable company by
discLJssions with trustees and updating our understanding of the sector in which the group and
parent charitable company operate.
Laws and regulations of direct significance in the context of the group and parent charitable
company include The Companies Act 2006 and guidance issued by the Charily Commission for
England and Wales.
Further the group is subject to other laws and regulations where the consequences of non-
compliance could have a material effect on amounts or disclosures in the financial statements,
through significant fine, litigation or restrictions on the group's operations. We identified the most
significant laws and regulations to be those issued by the Care Quality Commission covering health
care serviGes and those issued by the Gambling Commission covering the requirements for running
a lottery.
Audit response to risks identif￿d..
We considered the extenl of compliance with these laws and regulations as part of our audit
procedures on the related financial statement items including a review of financial statement
disdosures. We reviewed the parent charitable company's records of breathes of laws and
regulations, minutes of meetings and correspondence with relevant authorities lo identify potential
material misstatements arising. We discussed the parent charitable company's policies and
procedures for compliance laws and regulations with members of management responsible for
compliance.
During the planning meeting with the audit team. the engagement partner drew attention lo the key
areas which might involve non-compliance with laws and regulations or fraud. We enquired of
management whether they were aware of any instances of non-¢omplian¢e with laws aThJ
regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud
Page 21

St Mlchao1'$ Hospice Hastings and Roth
Independent auditors, report to the members {continued)
For tho year ended 31 March 2025
through management override of controls by tests'ng the approwiateness of joumal entrres and
identifying any significant transactions that were unusual or outside the normal course of business.
We assessed whether judgements made in making accounting estimates gave rise lo a possible
indication of management bias. At the complelion stage of the audit. the engagemenl partner's
review included ensuring that the team had approached their w￿rk wilh appropriate professional
scepticism and Ihus the capacity to i¢Jenb'fy nOn￿Compliance with lav￿ and regulations and fraud.
There are inherent limitations in the audit procedures described above and the further removed
non-compliance with laws and regulations is from the events and transactii)ns reflected in the
financial statements. the less likely we would become aware of it. Also. the risk of not detecting a
material misstatement due to fraud is higher than the risk of not detecting one resulting from error,
as fraud may involve deliberate concealment by, for example. forgery or intentional
misrepresentations, or through collus￿n.
A further description of our responsibilities is available on the Financial Reporting Council's website
at.. www.frc.or
-ukJauditorsres
nsibililies. This descriplion forrns part of our auditor's report.
Use of our report
Thi5 report is made solely to the parent charitable company's members. as a b¢)dy. in accordance
with Chapter 3 of Part 16 of the Companies Act 2006. Ouraudil work has been undertaken so that
we might state to the parent charitable company s members those matters we are required to stale
lo them in an auditor's report and for no other purpose. To the fullest extenl pemiitted by law, we
do not a¢￿p1 or assume responsibility to anyone other than the parent charitable company and the
parent charitable company's mefflbers as a tthy, for our aLKlil work. for this report. or for the
opinions we have fomed.
Cara Turtington (Senior Statutory Auditor)
for and on behalf of Saffery LLP
Statutory Auditors
71 Queen Victoria Street
London
EC4V 4BE
17 202S
Saffery LLP is eligible to act as an auditor in terms of section 1212 of the Companies Acl 2006
Page 22

St Mi¢hael's Hospice Hastings and Rother
Consolidated statement of financial activities (incorporating an income and expenditure account)
For the year ended 31 March 2025
2025
Total
funds
2024
Total
funds
Unrestricted
funds
Restricted
funds
Notes
Income and endowments Irom
Donations and legacies
2.782.917
99.879
2.882.796
3,532,124
Charitsble actlvities
Hospice services
2,600,890
2.600,890
2,426.166
Subsidiwy and retail actNities
Other trading activities
Investment income
1,675,835
682,809
187.276
1,675.835
682,809
187.276
1.669.835
465,709
161.693
Total
7.929.727
99.879
8.029.606
8.255.527
Expenditure on
Raising donations
Subsidiary and retail activities
718.405
1,093.125
718,405
1.093.125
658.291
1,013.316
Charitable adivities
Hospice serV￿eS
7.218.669
198.191
7.416.860
6.398.754
Total
9.030.199
198.191
9,228,390
8.070,361
Net galnl{losslon investments
14
272.627
272.627
101,963
Net income l (expendlture)
1827.8451
(98.3121
(926.157)
287,129
Transfers be￿en funds
23
(3.7031
3.703
Net movement in funds
(831.548)
(94,609)
(926.157)
287.129
Total funds brought forward
15.510.914
127,683
15.638.597
15.351.468
Tolal funds carrled forward
24 14,679.366
33.074
14.712.440
15,638,597
Continuing operations
l incoming resources and resour¢es expended from continuing activities.
The r￿te$ on pages 26 10 49 fomi part of these finawal statemenls.
Pa8t 23

St Michael's HoGpl¢e Hastings and R¢)ther
Consolidated and Charity balaTr¢e she•ls
As at 31 March 2025
Group
2025
Chaf
2025
Group
2024
C￿rity
2024
Flxed •ss•ts
Tangible assets
Investments
16
17
4.453.604
6,512,809
4.PA)9.598
6.512,910
4,589.783
6,090.927
3,887.165
6,iy31.028
10.9e6,413
11.122.508
10,680.710
9,978,193
Current assets
Stocks
Debtors
Cash at bank and in hand
23.640
898,179
3.408.675
23.640
9￿.165
3.287.776
27.781
399.194
5.030.60CI
26,360
1,606,527
4.611,212
19
4.330.494
4.269.581
5.457.575
6,244.099
Cred51ors.' amounts lalllng
duè withtn onÈ year
{584.46n
1475.89n
(459.6881
1384,8231
Net current as*$
3.746.027
3.793.684
4.957,887
5.859,276
Totsl assets less cwrent
Liabilities
14.712.440
14.916.192
15,638.597
15.837.469
14.712.440
14.916.192
15.638.597
15.837.469
Funds
Unrestricted funds
ReStr￿ted funds
14.679.3E6
33.074
14.883.118
33.074
15,510.914
127,683
15,709.786
127,683
Totsl fund
14.712.440
14.916.192
15.638.597
15.837,469
The total income of the Hospre as an indM(kJal entty for Ihe yearwas £7.741.64212024_ £7,728,253) aThJ
its net defiut was £921,27712024-defiot of £262.1331. A Statement of Finanaal Activth"es for the Hospic*
as an individual ents'ty is not ind(Kled the exemptsrm gwen in seclw 408 of the Companies Act 200$.
If.....2025 and were Signed
The fina￿la1 statements were awove(J by Ihe Board ofTrustee5 on ...... ....
on its behaf by
atson
Thè notes on pages 26 to 49 forn part olthese firwtaa statements.
Company number 0IT16496
Pa8e 24

St Michael's Hospice Hastings and Rother
Consolidated cash flow statement
For the year ended 31 March 2025
Notes
2025
2024
Cash flows from operating actlvltles
Cash (used inl I generated by operatK)ns
(1.531.788)
640.732
Net cash lus•d in) 19gnefi*ed by
operating activities
(1.531.708)
640.732
Cash fl¢)ws from investing activitles
Purchase of tangible fixed assets
Purchase of fixed asset investments
Proceeds from sale of assets
Proceeds from sale of investments
Investment income
(133,188)
{6.670.641)
1229,3171
1735.8191
6.243.476
187.276
825,228
161,693
Not cash (used inl I g•nerated by
investing activities
(373.077)
21.785
Change in cash and cash equivalents ift
the roporting period
(1.904.865)
662,517
Cash and equivalents at the
beginning of the reporting poriod
5.376.821
4.714,304
Cash and cash equivaltnts at the end of
the reporting poriod
3.471.956
5,376.821
The rtotes on pages 26 10 49 form part of these financial stslemenls.
Pa8* 25

st Michael's Hospice Hastings and Rother
Notes to the cash flow sL*ement
For the yoar ended 31 March 2025
Reconciliatlon of ￿ income to net cash flow
2025
2024
Net incomel (expenditure} for the reporting period las per
tho statement of financial activities)
Adjustments for:
Depreciation charges
{GainsyLosses on investments
Lossl(profill on disposal of ftted assets
Investment income
Increase in stocks
Decrease in debtors
Increasel(decreasel in creditors
{926,1 $7)
287.129
267,361
(272.6271
{3,0241
(187,2761
4,141
(498,9851
84.779
250.627
1101,9631
229
1161,6931
12,6411
188.948
180.096
Net cash inflowl(outnowl from opor*ing activiti•s
11,531,788)
640.732
Analysis of Cash and &qsh equlvalents
At31
March 2024
At31
Ma￿h 2025
Movement
Cash al bank and in harml
Investment cash
5.030.600
346.221
11.621,925)
(282.9401
3,408,675
63.281
5.376.821
11.904.865)
3.471.956
Page 26

St Michael's Hospice Hastings and Rother
Notes to the financial statements
For the year ended 31 March 2025
Stsiutory infomlation
St Michael's Hospice Hastings and Rother is a wNate charitable company limited by guarantee.
registered in England and Wales. The company's registered number and registered Offi￿ add￿sS
an be fourKI in the reference and administrative details in the Rewrt of the Trustees.
Ac￿￿nting poli¢ies
Accounting conv•ntlon
The financial slalemenls of the charitable company. which is a Publ￿ benefit enlity under FRS 102,
and group have been prepared in accordance with the second edit￿n of the Charities SORP IFRS
1021 "Accounting and Reporting by Charities." Statement of Recommended Practice applicable lo
charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in
the UK and Republic of Ireland {FRS 102)" Financial Reporting Standard 102 Yhe Financial
Rewrting Stsndard applicable in the UK and Republic of Ireland" and the Companies Ael 2006. The
financial stslements have been prepared under the historical cost convention. wrth the exception of
inveslments which are included al market value_
Going concem
At the lime of approving the financial statements. the trustees have a reasonable expectation that
the Charity has adequate resources lo continue in operational existence for the foreseeable future.
Given the Charity's fina￿la1 wsibon. level of reserves and future strategic plans. the trustees
ntr.nue lo adopt the going concem basis of acccwnting in weparing the financial slalemenls.
Incoming rèsources
All incoming resources are included on the Statement of Financial Activrties when the charity is
legally entiued lo the income and the amount can be quantrfied with reasonable accuracy.
2.3.1
Grfts in kind
Grft5 donated for resale are irKTruded as income when they are sdd. Donated items for use in the
Hospice are valued al a reasonable approximation to market value. Donated facilities are included
al the value lo the charity Whe￿ this can be quantified and a third party is bearing the cost. No
amounts are included in the financial slalements for servus donated by volvnleers.
2.3.2
Fees, contributions and grants
These comprise amounts receivable during the year.
2.3.3
Voluntary income
V￿Untary income represents amounts receNed during the ye¥.
2.3.4
Legacies
Reversionary legacies are accounted for on receipl. Pecuniary and residuary legacies are
accounted for al the earlier of receipt of the legacy or the point al which the final a¢cwnts of the
esiale are agreed by the charty. In the event that legaC￿S are settled after the accounting year end
they are included in the accounts provided the charity was certain of the amounts lo be distributed
al the balance sheet date.
The hospice has received nolrfution of a number of legacies which have not been I￿luded in these
accounts because they are not certain in value or certain of receipt.
2.3.5
Investmenl income
Investment income comwises amounts receivable duriTrJ the year.
Page 27

St Michael's Hospice Hastings and Rother
Notes to the financial SL￿ementS (continued)
For the yoar ended 31 March 2025
Accounting policies {continued)
2.3.6
Shop income
Shop income represents net invoice(I sales of gcKKls. exdudiro value added tax.
2.3.7
Lottery income
Lottery income generaled by one of the tra(Jing subsidiaries represents lickel sales received in
respect of lotteries held durirvJ the year and s(xatth ￿rd sale5.
Income from IKkets sold in a(fvance of a dra4V being held is carried forward lo the pefiod in wh￿h
the draw takes place.
2.3.8 Debtors
Income resources recognised in the year not received at the yearerKI aft included within debtors
unless there are dcMJbts as to the estimat￿n of value or likelihth)d of reeeipl.
Resources expended
Liabilities are recognised as expenditure as swn as there ￿ a legal obligation or constructive
obligation committing the charity to that eX￿ndItUTe, il is probable thal a transfer of economic
benefits will be required in setuemenl and the amcmjnl of the oljigalion be measured reliably.
Expendilure 15 accounted for on an accruals basis and has been classffied under headings that
aggregate all cost related lo the category. Where cost cannot be directly attributed lo particular
headings, they have been all￿ted lo aclivities on a basis consistent with the use of resources.
Allo&*ion and apportlonment of Gosts
Where costs cannot be dIre￿lY attributed lo particular headings they have been allocated lo activities
on a basi5 consistent with the use of resources.
Tangible fixed assets
Depreciation is provjded at the f(Alwng annual rates in order to write off each asset over ils
estimated useful lrfe.
Freehold propety
Fixtures, fillings and equipment
Motor vehicles
2% and 10% on cost
1511A to 33% on c05t
2511% on cost
Where extensions and improvements have been made lo freehold Kyopety, depreciation ha5 been
charged over the remaining lrfe of the underlying property.
No depreciation is provjded on freehokl land.
Investments
Listed investments are induded at market value at yew en(l. Gains and knsses on disposal and
valuation of inveslmenls are charged or cre(lrted to the Sialemenl of Financial AclNilies.
Stocks
Stocks are valued at the lower of cost and ￿t realIsab￿ value. after making due allowance for
obsolete a￿1 slow moving ilems.
Donated rtems are not valued until sold. Consequentty. no value is attributed to their st￿k carrying
value. as Ihis cannot be determined with certainty unb"l sold.
Pa8e 28

St Michael's Hospice Hastings and Rother
Notes to the financial statements (continued)
For the year ended 31 March 2025
Accounting policies {continued)
Leasing commitments
Operating leases and the payments made under them are charged lo the profit and loss account on
a straight line basis over the lease term.
2.10
Taxation
The charity is party lo a group registration for VAT purwses and is therefore able to recover some
t￿1 not all of the VAT the charity incurs. Irrecoverab￿ VAT is charged as a single item in the
Statement of Finanaal Activities.
The charity is exempt from corporation L3x on tts ¢￿table adivities arHJ therefore no provision has
been made for either corporation tax or deferred tsx.
Where a trading subsidiary is registered for VAT the expendilure is shown exclusive of VAT.
Both trading subsMJiaries have entered an agreement lo covenant their taxable profits to the parent
undertaking and therefore no corporat￿n lax provision is required.
2.11
Fund xcounting
In the Trustees, opinion, wrlh eertain excepl*Jns, the incoming reSoU￿S and resourees expended
are all derived for the benefrt of running the Hospi￿. Therefore, the Trustees ch¢)ose to dassfy all
in￿rne and expendrture as unrestrcled. In certain instances, funds may be designated by the
Trustees for specrfic purposes.
Where funds are rewved for a significant an(J Specif￿ project these are allocated lo restricted funds.
These funds are then used lo meet the capital costs of that speryfic projecl by way of an annual
depreciation charge set against the restricted fund. Any fvnds received in excess of the capital
requirements of the project will be used lo hdp with the a5wC￿Ied future running costs of the
[￿leCt.
Other reslricled funds are those funds donated for purposes speCrf￿d by the donor and these are
tracked and expended in accordance with the donors, wishes.
2.12
P•nsion costs and other post-retirement bonefrts
The charitable company operates a defined contn"bulion pension scheme. Contributions payable to
the charitable company's pension scheme are charged to the Statement of FinarKial AclNilies in the
period lo which they relate.
2.13
Crltlcal gstimates and judgements
Management have rnade certain eslirnates a￿1 judgements in ￿ preparation of the financial
slalemenls of the Hospice. Estimates and judgements are continually evaluated and based on
hislorical exper￿nce and other factors. induding expectations of fviure events Ihal are believed lo
be reasonable under the circumsL8nces. Although these eslimales ale based on management's best
knowledge of the amount, events or actions. 8Ctual results may drffer from those estimates. The
Trustees consider the evaluation of the useful economic lrfe of fixed assets and the future re￿Ipt of
legacy deblcys at the yearend to be the areas of judgement ￿th a Signffj￿nt effect on the financial
statements.
Page 29

St Michael's Hospice Hastings and Rother
Notes to the financial statements (continued)
For the year ended 31 March 2025
Donations and l¢gacies
2025
2024
Donations and gifts
In memoriam
Regular gwing arKI Gift Aid
Legacies
289,564
189,312
127,212
2,276,708
312,239
161,361
86,926
2,971,598
2.882,796
3,532,124
Trading activitiès
2025
2024
Lottery income
Retail income
876.205
799,630
892,177
777,658
1.675,835
1.669.835
2025
2024
Other tradlng aclivltles
Fundraising events
Arthur Easton hall hire
Coffee shop and calering
Recycling and other trading
Shared Services income
Sundry income
394.216
10,054
20,250
24.015
211.293
22.981
260,269
13,140
3.947
1 57.596
30.757
6682.809
465,709
Pa8e 30

St Michael's Hospice Hastings and Rother
Notos to the financial statements (continued)
For the year ended 31 March 2025
Investment iTrcome
202S
2024
Income from UK listed inveslmenls
Deposit account interest
Rents
169.203
12.373
5.700
14S.341
10.652
5,700
187,276
161,693
Income from charitable activities
2025
2024
Grants
Patient income
2.599.149
1.741
2.423,128
3,038
2,600,890
2,426,166
2025
2024
Grants from govemment sources received. induded in the
above. we as follows..
Hastings and Rother ICB
2.584,610
2,423,128
Page 31

St Michael's Hospice Hastings and Rolher
Notes to the financial statements (continued)
For the year ended 31 March 2025
Ralslng funds
Raising
donations
Retall
sts
Lottery
costs
Total
2025
Staff costs
Cost of sales
Lottery Prizes
Premises
Depreciation
Other direct eosls
478,307
487,473
5.742
111.340
1,077, 120
5.742
258,301
170.435
52,047
247,885
258,301
36.046
25.422
178.630
134,389
26.625
39.742
29.513
718.405
693.971
399,154
1,811,S30
2024 comparative
Raising
donations
R•tail
Lottery
cost*
Total
2024
Staff costs
Cost of sales
Lottery Pnzes
Premises
Deweciation
Other direct cosls
467.065
411.157
3.147
117,809
996,031
3.147
242,083
124.783
42,145
263.418
242.083
31.834
24.588
131.804
92,949
17.557
114.729
13.885
658.291
639.539
373,777
1,671.607
Pale 32

St Mi¢hael's Hospice Hastings and Rother
Notes to the financial Statements (continued)
For the year ended 31 March 2025
Charitable activlties Gosts
Support
costs
(Note 10)
Direct costs
(Note 9)
Total
2025
Hospice s￿1
Other
5.725.602
1,551.536
139.722
7.277,138
139,722
5.725,602
1,691,258
7.416,860
2024 comparaeive
Support
costs
(Note 101
Direct costs
(Note 9)
Total
2024
HospKe services
Other
5.384,219
895,810
118,725
6,280.029
118,725
5.384.219
1.014.535
6.398.754
Dirèd costs of charitable activities
2025
2024
Staff costs
Clinical costs
Training costs
Premises
Deprecialion
Other direct costs
4.471.529
308,874
85,418
250.308
176.531
432,942
4,189.623
352.283
82,052
221,060
170,744
368,457
5,725.602
5.384.219
PaKe 33

St Michael's Hospice Hastings and Rother
Notes to the financial statements (continued)
For the year ended 31 March 2025
10.
Support costs
Support costs are as follows..
2025
2024
Staff costs
Rates and water
Insurance
Light and heat
Telephone
Postage, stationery and IT
Sundries
Propety rental
Repairs and maintenance
Freehold property depreciation
1.372,533
2,257
10,698
16,149
6.428
53,057
13.395
8.219
30.017
38.783
709,277
1.694
11.174
17,237
6,314
62,757
16,548
11,774
21,524
37,511
1,551,536
895,810
Governance costs
2025
2024
Bank charges
Legal and professional fees
Auditors, remuneralion
Auditors. remuneration in resF*ct of aceountaw and
other services
7.589
98.969
29.764
3,985
79,278
33.062
3.400
2.400
139.722
118,725
11.
Net Incomelexpenditure
2025
2024
Auditors, remuneraliw ts Charity audit
Current year
Prior year
Auditors, remuneration in rÈspeet of a¢￿￿n18￿CY and ¢)tt￿r
services. including the audit 2nd &cwntsn¢y fees of
subsidiaries
Depreciation
(Profil) I loss on disposal of fixed assets
18.500
6.264
17,160
2,902
18.312
267.361
13.024)
15,400
250.627
229
Page 34

St Michael's Hospice Hastings and Rother
Notes to the financlal sL*ements {contlnued)
For the year ended 31 March 2025
12.
Trustoes. remuneratlon and beneffts
There was no Trustees. remuneration CY other benefrt5 for the year en(Jed 31 March 2025 nor for
the year ended 31 March 2024.
Trustees, Èxptrnses
No expenses were reimbursed to any Trustee in Ihe year to 31 March 2025 nor for the year ended
31 March 2024.
13.
Staff costs
2025
2024
Wages and salaries
Social security cosls
Other pension costs
Temporary, I￿rn and other non-Sal￿ed staff costs
Other staff costs
5,936,264
554.856
420.084
6,334
23.762
4,920,781
457,295
364,386
29,79)
20,712
6.941.300
5.792,
The average monthly number of employees (based on hea(F countl during the year was..
2025
Number
2024
Number
Nursing and medical
Catering and housekeeping
Maintenance
Training
Fundraising
Administralion
Bereavement
Lottery
Retail
88
10
10
13
24
21
175
Page 35

St Michaol's Hospice Hastings and Rolher
Notes to the financial statements (continued)
For the year ended 31 March 202S
13.
Staff costs {conlinued>
The numbers of employees whose emoluments for the year lell within the following bands were..
2025
Number
2024
Numbor
£60,000 10 £69.999
£70,(M)O 10 £79,999
£80.000 to £89,999
£90.OCKJ lo £99,999
£100,000 10 £109.999
£110.000 to £120.000
The key rnanagemenl personnel compyise members of the Leadership Team. The total ernployee
benefits of the key management personnel of the charity were £579.16712024 - £494.4721.
A proporknon of the salaried costs for fNe employees is reCharts￿ to St Wilfrid's Hospice
{Easlbwrnel. as these roles support opwalions >Joss both siles.
14.
Galnsl{losses} on investments
2025
2024
Realised gains
Unrealised gainslllosses)
43.474
229,153
3,722
98,241
272.627
101.963
Page 36

St Michael's Hospice Hastings and Rother
Notes to the financial statements {continued)
For the year ended 31 March 2025
15.
Comparatives for the sLitement of financlal actlviti•s
2024
Total
funds
Unr•stricted
funds
Reslricted
lur>ds
Incorne and endowments from
Donations legacies
3.391.176
140.948
3.532.124
Charilable activities
Hospice services
2.426.166
2,426,166
Subsidiaries. trading *iwilie5
Other trading aclwities
Investment Ir￿Me
1.669.835
465.709
161.693
1.669.835
465.709
161,693
Tolal
8,114,579
140.948
8,255.527
Expendlture on
Raising ¢Yonalions
Trading companies, costs
658.291
1.013.316
658.291
1,013.316
Charitable activities
Hospice services
6,247,135
151.619
6.398.754
Total
7,918,742
151.619
8.070.361
Net (lossesllgains on
investments
101.963
101.963
Net incom•
297,800
{10.6711
287.129
Transfers between lunds
Net movement in funds
297.800
110,671 }
287.129
Reconciliation of funds
T¢)tsl funds brought fonvard
15.213.114
138,354
15.351,488
Total funds carried fobward
15.510.914
127.683
15.638,597
Py37

st Michael's Hospice Hastings and Rother
Notes to the financial sLitements (continued)
For the year ended 31 March 2025
16.
Tangible fixed assets
Group
Freehold Assets
property
under
construction
Fixtu
f￿}ngS and
equipment
Motor
vehicle5
Totals
Cost
Al 1 April 2024
Additions
Disposals
6.409,713
1,491.782
55,982
157.984
8,064,479
133,188
12.CN)5)
77,206
{2.(rf)51
At 31 March 2025
6.484.914
5.000
1.547.764
157.984
8,195,862
Depreciation
Al 1 April 2024
Charge for year
Eliminated on disposal
2.068,837
159.567
1,267,944
99.144
137.916
8.650
3,474.697
267.361
At 31 March 2025
2,228,404
1.367,088
146,566
3,742,058
Net book value
Al 31 March 2025
4,256.510
5.OCKI
180.676
11,418
4,453,604
At 31 March 2024
4.340.876
223.839
4.589.783
Included in freehold property is land of £152.76112024 - £152.761) which is not depreciated.
Page 38

St Michael's Hospice Hastings and Rother
Notes lo the financial statements (continued)
For the year ended 31 March 2025
16.
Tangible fixed assets (continu•dl
Charity
Frwhold
property
Fixtures
f￿1￿95 and
gquipm•nt
Motor
vehi¢1os
Totals
under
onstruction
Cost
Ai 1 April 2024
Additions
DisFx)sals
5.447,250
5,000
1,464,214
56,541
143,484
7,059,948
989,794
933,253
At 31 March 2026
6.380.￿3
1.520.755
143.484
.049,742
Depreciation
At 1 Apnl 2024
Charge for year
Eliminated on diskwl
1.808.432
159.%7
1.240.935
99.144
123,416
8.650
3,172,783
267.361
Al 31 March 2025
1.967.939
1.340.079
132,066
3,440.144
Net book value
At 31 March 2025
4,412.504
180,676
11,418
4.609.598
Al 31 March 2024
3.638.818
223,279
20.068
3.887.165
Page 39

St Michael's Hospice Hastings arKI Rother
Notes to the financial statements {continued)
For the year ended 31 March 2025
17.
Fix•d assd inv¢strnonts
Group
Llsled
Investments
Cash held for
investment
Totals
l•larket value
At 1 April 2024
Additions
Disposals
Revaluations
Cash movement
5.744,707
6,670.641
(6.243,476)
277.656
346,221
6.090.928
6,670,641
{6,243.4761
277.656
{282,940)
{282,9401
At 31 March 2025
6.449,528
63.281
6,512,809
Net book valu•
At 31 March 2025
6.449.528
63.281
6.512,809
At 31 Marth 2024
5.744.706
346.221
6.090.927
Charity
Shares in
group
undertakings
Listed
investments
Cash held
for
investment
Totals
Market value
At 1 April 2024
Additions
Disposals
Revaluations
Cash movement
101
5.744.707
6.670,641
(6.243.476)
277.656
346,221
6,091.029
6,670.641
{6.243.4761
277,656
{282.940)
{282,9401
At 31 March 2025
101
6.449.528
63.281
6.512.910
Net book value
At 31 March 2025
101
6,449,528
63.281
6.512,910
At 31 March 2024
101
5.744.706
346,221
6,091,028
There were no investment assets outside the UK.
Pa8e 40

St Michael's Hospice Hastings and Rother
Notes to the financial statements (continued)
For the year ended 31 March 2025
17.
Fixed asset investrn•nts (continuedl
Comparative with prior year
Group
Listed
investhients .
Cash held for
invoslment
Totals
Market value
At 1 April 2023
Additions
Disposals
Revaluations
Cash mvemenl
5.732.154
735.819
1821.5081
98,241
142.137
5,874,291
735,819
{821,5081
98,241
204,084
204,084
At 31 March 2024
5,744.706
346,221
6.090.927
Nèt book value
At 31 March 2024
5.744.706
346.221
6.090.927
At 31 March 2023
5.732,154
142,137
5,874.291
Charfty
Shares In
group
undertakings
Listed
Investments
Cash held
for
investment
Totals
Market value
Al 1 April 2023
Additions
Disposals
Revaluations
Cash movement
101
5.732.154
735.819
(821,5081
98,241
142.137
5.874.392
735,819
1821,5081
98,241
204,084
204,084
At 31 March 2024
101
5.744.706
346.221
6,091.028
Net book value
At 31 March 2024
101
5.744.706
346.221
6.091.028
At 31 Marth 2023
101
5.732,154
142.137
5.874,392
There were no investment assels oulsKle the UK.
Page 41

St Michael's Hospice Hastings and Rother
Notes to the financlal statements (continued)
For the year ended 31 March 2025
17.
Fixed assèt investments {continued)
The eharity holds 20% or more of the share capital of the following eompanies:
Colnpany
Country of
incorporatign
Shares
ci
St Michael's H05pice (Retail) Limited- 02404963 EnglaThd & Wales Ordinary
St Michael's Hosp￿ Lollery Limited- 03351501 England & Wales Ordinary
100%
100Yo
Sl Michael'5 Hospice (Relaill Limiled operates many charity shops. St MKhael's Hospice Lottery
Lirniled supports the Hospice through fundraising largely from the operation of a lottery. Both
companies covenant I￿1r tsxable profits lo parent ￿MpanY where possib￿.
A summary of the result of IW undertakings is set out belobw.
St Michael'$ Hospice
{Retaill Limited
2025
Si Michael's Hospice
Lottery Limited
2025
2024
2024
Tumover
Cost of sales
770,156
13.147)
874.188
1258,3011
890.776
{242,083)
Gross profit
767,rm
615.887
648.693
Adminislralive expenses
OthePincome
Interest payable
Interest receivable
150.965
(696.110)
7.500
(53.2501
(140,852)
(142,2421
2.016
1,402
Net profiil{loss)
150,965
25.149
477.051
507.853
Assets- fixed and oJrrenl
Liabilities
1.015,782
(1.214.477)
121.029
1120.955}
129.842
(129.7681
{47.730}
(47.7301
{198,695)
74
74
Share capital
Retained reseThes
1LY)
(47.830)
100
(198.7951
73
73
147.730)
(198.695)
74
74
Page 42

st Michael's Hospice Hastings and Rother
Notes to tho financial statements (continued)
For the year ended 31 March 2025
18.
Stocks
Group
2025
2024
Stocks
23,640
27,781
Charity
2025
2024
Stocks
23.640
26,360
19.
D¢btor5
Group: Amounts falling due within one year
2025
2024
Trade debtors
Legacies due
Grft aid tax recoverable
Other debtors and prepayments
VAT
Accrued income receivable
23.907
13,795
191.956
44.051
638,265
169.362
50,106
165,931
898.179
399.194
Charity: Amounts falling due within one ygar
2025
2024
Trade debtors
Amounts owed by group undertakings
Legacies due
Gift aid lax recoverable
23,￿7
59.986
13,345
1,229.389
Prepayments
VAT
Accrued income receivable
191,956
44.051
638,265
167,392
43,953
152,448
958.165
1.606,527
Page 43

St Michael's Hospice Hastings and Rother
Noles to the financial statements (continued)
For the year ended 31 March 2025
20.
Creditors
Amounts falling due within one ygar
Group
2025
2024
Trade creditors
Other tax and social security
Pension ¢redilor
Lottery lickel sales paid in advance
Other creditors
Accruals and defeffed incoffle
227,088
143,132
60,670
96,305
10.215
47.057
291,107
55.320
94.722
845
57,694
584,467
499,688
Charity
2025
2024
Tr&Ye creditors
Other tax and swal security
Pension creditor
Amounts owe(J lo group undertakin9S
Other ereditors
Accruals and deferred income
226.221
143.132
60,670
286.120
55,320
4,338
9.829
35,915
39,045
475,897
384,823
21.
Operatlng lease commllrnw
Minimum lease payrn•nts under non-cancdlabl• operating leases fall due as follows:
Group and Charity
2025
2024
Expiring..
Within one year
Between one and five years
In more than fNe yeafs
67.127
202.703
65,056
217,119
7,312
278,220
289,487
22.
P4nslon commitmonts
For qualfying St Mrchael's Hospice Haslings and Rolher staff. part¢cipation in the NHS
Superannuation Scheme prOV￿eS benefits based on final pensionable pay. a defined benefit
scheme. The contributions paid by the charity in respect of the NHS Superannuation scheme are
accounted for as rf the scheme was a defined contribution scheme as the charity is unable lo ((lenl
its share of the underlying assets and liabilits.es in the scheme. The Government Actuary, using the
proj￿Ied Unrt Method. determines contributh)ns thar￿d to the Stalemenl of Financial ActNilies.
For staff that do not qualrfy lo loin the NHS superannUat￿n Scheme. the charity operate5 ts¥o further
defined contribution pension schemes. Contributions are charged lo the Stalernenl of Financial
Activities in the period lo which they ￿lated.
The total e0ntriiKjt￿ns paid lo both pensth s¢hemes for tt)e year eThded 31 2025 are shown
in note 13. The amount outstanding at the balartt sheet date is £2.789 (2024- £55,320}.
Page 44

St Michael's Hospice Hastings and Rother
Notes to the flnanclal statements (continued)
For the year onded 31 March 2025
23.
Movement in funds
Current year
At 1 Aprll
2024
In¢orno Exwiditurn
Galns Tr•ftsf¢rs
and
losses
At3f
March 2025
Unrestrfcted fvnds
Gener81 fund
5,634.fKJ2
7.929.727
{8.641.5321
272.627
13.703}
5.191.121
Designated fvnqls
Fixed assets
Capital Appeal
4.589,783
5,287.129
(136,1791
1252.4881
1388.6671
4,453,604
5,034,641
9,876.912
9,488,245
Restrict•d funds
Rolling equipment
replacemant
Other funds
Big Lottery
Compassionale
CommLmities
25.7ryJ
54228
4,734
95,145
(25,235)
(122.671)
14.3801
5.454
918
32.156
47.656
150.2851
1198.1911
2,629
127.683
.879
3.703
33,074
Total
15.638.597
8.029,f
I9.228,3￿)
272.627
14,712,440
Prior y¢ar
At f April
2024
Incom• Exptrndtiurn
Gains
Transfers
At31
March 2025
loss•s
Unrestrfcted funds
General fijnd
5.201.794
7.824.450
{7.552.7751
lo1.￿3
55,570
5,634.002
Oeslgnated funds
Fixed assets
Strategic
Development ftjnd
ContingerKy furTrd
C8pitsI Akwal
4.611.320
12YJ,6271
229.090
4,589,783
2.000,(XKJ
3.400.C
1115.340)
11,884.6601
13,400.0001
5,000.000
287.129
5,287.129
15,213.114
8.114.579
{7.918.742}
101.963
9,876.914
Re$trl¢t•d funds
RollirrfJ èquipment
replacement
Other funds
Bi9 Lottery
compa￿Onate
Communities
49.143
53.511
163.7341
140.0751
25.799
54,22B
40.792
35.700
59.766
(47.810}
{151.6191
.47,656
138.354
140.948
127.683
15.351.468
8.255.527
(8.070.361)
101.963
15.638.597
Page 45

St Michael's Hospice Hastings and Rother
Notes to the financial ststements (continued)
For the year ended 31 March 2025
23.
Movem¢nt in funds Icontinu•dl
Unrestricted funds
The Trustees have applied the funds as shown atx)ve. Of the available funds held al the year*nd
£4,453,604 (2024 - £4.589,783} is held in the fomi of land and buildings and other tangible fixed
assets.
The Trustees have sel up a Capital Appeal Fund in Ihe cJJrrent year. The fund currenuy holds a
value of £5 million.. however. the Trustees do not indude this amount in their calculation of free
serves. The funds a￿ ringfenced WFth the Trustees having the aspiration lo raise £10m over the
7 year plan.
The unreslricled General fvnd togelher with the Capital Appeal fund total £10,921.131 which
represents 13 months of net running costs.
The general fund at the year-end of £5.191,121 (2024 - £5,634.022) represents funds available to
the Trustees lo pursue and further Ihe activitie5 Qf the Hospice.
Restrlcted funds
Rolling Equipmenl Replacement- funds recerved lo purchase new or upgrade existing equipment
are recorde(J within Ihe Rdling Equipment Replacement fund. Funds received during the year were
all fully expended in accordance wilh their restri¢lii>n. unless stated otherwise. The additional
balan￿ carried fcmward on the fund represents fixed asseis held on the balance sheet.
Other funds- funds received for Specffj￿ services or provision of small equiFMnenl where the balance
remaining al the yearend 1$ less than £5.000.
The Nationa Lottery Communtly Fund RC London arKI Soulh East Regron - The grant from the
National Lottery Community Fund RC London and South East Region is to fund a three year project
lo raise awareness and develop cornpass￿nate communtties that mobilise lo think about how they
can support people with life limiling conditions and keep them part of daily lrfe
Transfers out of restricted funds represent urwent balances released from restriction in accordance
with the terms of ts original donatio￿.
Paee 46

St Michael's Hospice Hastings and Rother
Notes to the financial sL*ements (continued)
For tho year ended 31 March 2025
24.
Net As$et$ by fund- ¢urr¢nl year
Group
Unrestrict•d
funds
Restricted
funds
Total
funds
Tangible fixed assets
Investments
Current assets
Currenl liabilities
4.453,604
6.512,808
4,297.420
(584.467}
4.453,604
6,512.808
4,330,494
(584,4671
33,074
Net assets
14.679.366
33.074
14.712.440
Charity
Unrestrict
funds
Restricted
funds
Tolal
funds
Tangible fixed assets
Investments
Current assels
Current liabilities
4,609.598
6,512,910
4,236,507
1475.897)
4,609,598
6,512.910
4,269,581
{475,8971
33.074
Net wets
14.883.118
33,074
14.916.192
Net assets by fund - Mrnparntiv¢ year
Group
Unrestricted
funds
Restricted
funds
Total
funds
Tangible fixed assets
Inveslmenls
Current assets
Current liabilities
4.589.783
6,090.927
5.329.892
(499.6881
4.589.783
6.090,927
5,457,575
1499,688)
127.683
Net assèts
15.510.914
127.683
15,638,597
Charity
Unrestricted
funds
Restricted
funds
Total
funds
Tangible fixed asset5
Investments
Current assets
Current liabilities
3,887,165
6,091,028
6.116,416
1384,823)
3,887.165
6,091.028
6.244,099
1384,8231
127.683
Net ass•ts
15,709,786
127.683
15,837,469
Page 47

St Michael's Hospice Hastings and Rother
Notes to the financial statements (continued)
For Ihe year ended 31 March 2025
25.
Related party transactions
The charity had the fdlowing transxtions wrth its subsidrary ￿Mpan￿ during the year..
St Micha¢l's Hospic• (Retail)
Limited
St Mi¢haèl's Hospic• Lottery
Limitod
2025
2024
202S
2024
Income during the year
516.895
477.051
508,053
Expenditure during the year
Balance rKeNable at the year
47.730
1.202,190
12.256
23,053
In￿me is generale(S from a donation of profts or a recharge of costs incurred on behalf of the
subshliaries. Expenditure is the reimbursement of reasonable costs incurred by the subsidiaries in
the course of earrying out their business.
Transfer from Retail Company
FollowirvJ extensive research lo identrfy the best POS5ible course of action for the operations of Si
m￿hael'S HOsp￿e (Relaill Limited (Relaill, the directors reached a conclusion thal all the aclivilies
currently undertaken by Retail were capable of being carried out directly by the parent charity St
Michael's Hospice Hasting5 and Rolher (the Hospice) in furtherance of its tharilable objKts.
Effective from 1 April 2024. the Hosp￿ and Retail merged in accordance with the provisions of the
signed Asset Transfer Agreement_ The directors of Retail and the Hospice resolved that Retail will
transfer ils assets. undertaking and actNilies. together with rts obligations and commilmenls, lo the
Hospice for the Hospice lo operate the aclNilies of Retail in successDn lo it. The Iruslees of the
Hospice resolved that il would be in the best interests of the Hospice and in pursuit of ils charitable
objeels to accept Ihe transfer of the assets. undertaking. and a¢livilies of Retail, logether with
Retail's Obl￿allOnS and commitments. Following the transfer il is intended that Retail will remain
domianl.
A summary of the assets and liabilities transfe￿￿ at 1 April 2024 is as follows..
2025
Land and buildin
Other fixed assets
Cash at bank and on deposit
Other current assets
Current liabililies
852.000
560
289,688
27,815
1.171.085
1.022
A balanrE of £47,730 remain5 owng from the Retsil company to the Hosp￿ al 31 March 2025.
There are other transact￿n$ with related pwtie5 to di5d05e.
Pa8e 48

St Michael's Hospice Hastings and Rother
Notes to the financlal statements (continued)
For Ihe year ended 31 March 2025
26.
Contingent liabilities
There were no contirvJent liabilit￿$ as at 31 March 2025 nor al 31 March 2024.
27.
Capital cornmitments
The th*ity had no building commrtments as at the year*nd12024 - £nil).
Contingent assets
The chartty was notified of one legacy (2024- one) wthich i% subject lo a life tenancy or other such
condition. The total amounl of the legacy is estimated al £100,00012024 - £1 fKI,WO)- 11 has not
been included in the accounts.
Page 49