2025-03-31-accounts

KATHARINE HOUSE HOSPICE Annual Report and Financial Statements for the year ending 31 March 2025 Katharine House Hospice Trust (Company limited by guarantee) Company No. 02133391 Registered Charity No. 297099

Contents: Page Reference and Administrative Details Advisers A word from our Chair Report of the Board of Trustees (incorporating the Strategic Report} IndependentAuditorfs Report 13 Statement of Financial Activities 17 Charity Balance Sheet 18 Statement of Cash Flows 19 Notes to the Financial Statements 20

Reference and Administrative Details Registered narne: Katharine House Hospice Trust Status: Katharine House Hospice Trust is a charitable company limited by guarantee. incorporated on 20 May 1987 and registered as a charity on 26 June 1987. As Katharine House Hospice Trust is a company limited by guarantee it has no share capital. with all trustees being members of the company. The liability of the members is limited to £1 in the event of the winding up of the company. Governing document". The company was established under Memorandum and Articles of Association which established the objects and powers of the charitable company. Company number: 02133391 (registered in England and Wales) Charity number: 297099 Registered office: Aynho Road, Adderbury. BanbLJry OX17 3NL Trustees: Lindsey Bowser Geraldine Burke Claire Louise Dobbs Sir Tim Jenner Richard Jones Federica Ronco (resigned 23 March 2025.1 (Chairl Iresigned 17 July 2025,1 (appointed 6 September 20241 (resigned 23 March 2025.1 Samuel Shadbolt AnneTutt Benjamin Walmsley David Whittingham {resigned 17 July 2025) "end of term Senior leadershipteam: Emma Radley Stephanie Lawless Scott Bloomfield Karen Welsh Chief Executive Head of Fundraising Head of Retail Head of Marketing Interim Head of Finance Mark Wi150n

Advisers: Principal bankers: Wirgin Money 7 Gold Street Northampton NNI IEN HSBC 17 Market Place Banbury OX16 SED Natwest l Town H311 Buildings Bridge Street Banbury OX16 5JS Investment managers: Rathbones incorporating Investec Wealth & Investment Ltd 30 Gresham Street London EC2V 7QN CCLA Investment Management Ltd l Angel Lane London EC4R 3AB Auditors: Gravtta Audit Oxford LLP First Floor Park Central 40-41 Park End Street OxFord OXI IJD Solicitors: Anthony Collins Solicitors 134 Edmund Street Birmingham B3 2ES

A word from our Chair This year has once again presented u5 With a challenging environment, so l am pleased to be able to report that the 5ervice5 provided by Katharine House Hospice have continued to steadily expand. The number of beneficiaries we support has grown. while the partnership with Oxford University Hospitals NHS Foundation Trust IOUHI has consolidated, meaning that the quality of service has also been enhanced. It is enormously gratifying for our team to receive a regular stream of laudatory messages from patients and their families about the care and understanding they have received from us. The overall environment in which we seek to raise funds and deliver Services has proved ever more demanding, so it is a measure of the hard work and dedication of all our people that l am able to remain optimistic about the future. We have refined some elements of our partnership agreement with OUH, and an important change has been to take Catering services back under the charity's control. As a result, we have been able to enhance the offering for our patients and their families and have also opened a highly successful café for patients, families and staff. It is a relatively small measure, but the importance of high-quality catering at times to Sult everyone is an enormous factor in making difficult times more comfortable. Our financial position has remained stable. The tough environment experienced by all charities has not improved, but our strategic focus on the development of new funding streams has shown positive signs. We continue to run a deficit, but l am sure our long-term plan is bearing fruit and I can report clear signs of our plan5 delivering on our path to financial sustainability. The wider scene will present new challenges. The funding of all NHS activity remains uncertain, and the palliative care sectorfs position remains particularly unclear. We have made some progress in pursuing our strategic objective of having a strong voice in influencing future direction within our area and will continue to press for a more cohesive approach in the development of services. Looking to the future, the debate on Assisted Dying will have a considerable bearing and we will continue to monitor developrnents. All our activity is underpinned by the incredible support we receive from the community we serve. We remain exceptionally grateful for their generosity, not just financially, but also through the work of our army of volunteers who are playing an increasingly important role in progressing our work. The board of trustees are also, of course, volunteers and l am extremely grateful for their support and the strength of their inputs. Finally. our charity team has proved absolutely resilient and coherent throughout the year, and I pay tribute to their hard work and initiative in ensuring that Katharine House remains as successful as it has been in providing for all our beneficiarie5. Sir Tim Jenner Chairof Trustees, Katharine House Hospice Trust

Katharine House Hospice Trust Annual Report and Financial Statements for the year ending 31 March 2025 Report of the Board of Trustees lincorporating the Strategic Report) Report of the Board of Trustees (incorporating the Strategic Report) The trustees present their annual report together with the audited financial statements for the year ending 31 March 2025. The format and content of the report and the financial ststements comply with current stslutory requirements, the charity's Memorandum and Articles of Associab"on and the Charities Slalement of Recommended Pracb"ce IFRS 102 second edition - October 2019} Accounting and Reporting by Charities. 1. Our partnership Katharine House Hospi￿ partners wrth Oxford University Hospitals NHS Foundatson Trust IOUH} to provide specialist palliative care for adults with lif&limiting conditions across north Oxfordshire. south Northamptonshire and south Warnickshire. We fund care for people from diagnosis lo end of life. including symptom management and pain relief Ihrou9houl a person's illness. Care 15 not just about managing Ihe physical symptoms of disease". our teams also provide emotional and spiritual support. helping our patients and their loved ones to access the practical help they need. ile many patients come into the hospice to receNe their care, support is provided for many more in their own homes, care homes or in hospitsl. 2. Our impact Kalharine House Hosp￿ provides a wide range of services to support adults with a Itfe-limiting illness, as well as their family and friends, from the poinl of diagnosis onwards. Our holistic care, which is free of charge, Considers the physical. emoti'onal. social and spiritual needs of patients, either at the hospice. in their home or in hospital. 1,775 people were supported across all of Kalharine House's servi￿5 in 2024125, where our specialist teams provided 7,790 incidences of care. As some people were supported across multiple serV￿es. this amounted to 1,167 individuals12023-24.. 1,0691. Support across each specialist Servi￿ was.. Ser41ce Total number of individuals supported by each service Admissionslappointments or incidents of Care ("daia not 2024-25 2023-24 2024-25 2023.24 1npab.enl Uni( 232 245 257 259 Community nurses Lymphoedema Therapy 432 421 3,180 1,667 726 389 269 308 216 Ward- Horne- 683 1.766 474 Ward- 402 Home- 1.695 Living Well Bereavement 327 357 87 137 TOTAL 1.775 1.645 7,7 4,743

Katharine House Hospice Trust Annual Report and Financial Statements for the year ending 31 March 2025 Report of the Board of Trustees (incorporating the Strategic Report) Inpatient Unit Our team of specialist nurses and doctors care for patients in a calm. home-from-home environment. This personalised palliative care helps pab.ents feel more like themselves again and enabled some patients to regain control of their symptoms and go home. Our care team consider each of their patients individually, working hard tr) identify the specific action5 that would help improve a person's physical health and wellbeing. Community Palliative Care Team Many people prefer lo slay at home or in their usual place of residence during their illness and in their last few weeks of life. finding they are happier, calmer. and more able lo manage their syrnptom5 in familiar surroundings. Our Community Palliatyve Care Team ICPCTI make this FX)ssible by giving care and advice cenlred on symptom management and meeting the pats"ent's emotional and practical needs. as well as offering support to the family and friends caring for them. Therapy Katharine House continues lo build a therapy dream team dedicated to improving the physFcal and mental wellbeing of its patients. Consisting of an occupational therapist and physiotherapist5, the learn has a host of different skills and experience which complement each other and enable il to provide an holistic approach for patients, both al the hospice and out in the community. The team's aim is to help patients achieve the goals important to them. such as operating with greater mobility, Independen￿ and physical wellbeing. Living Well - including Chaplaincy, Social Work and Music Therapy The aim of Living Well is to enhance the wellbeing of people affected by a progressive ineurable illness and our service continues lo receive a steady flow of referrals from GP surgeries as well as self-referrals. The service is run by a specialist, multi-professional team which njns wellbeing aclivib.es such as". breathing workshops living wrth fatigue workshops a family carers group arts and crafts tai chi choir session5 music therapy. Practical support is provided by social workers in areas of finance and benefits. with the chaplain being able to provide spiritual support to patients and their families. Bereavement Kalharine House Hospice's Bereavement Services is there to provide a listening ear for the family and friends ol our patients. The team are there lo answer quests.ons and provide some pracb.cal and emotional 5UPPOrt as they corne lo terms Wlth losing a loved one.

Katharine House Hospice Trust Annual Report and Financial Statements for the year ending 31 March 2025 Report of the Board of Trustees lincorporating the Strategic Report) Volunteers These services, together with the fundraising activities lo fund them. cannot be delivered without the skill, expertise and dedication of our staff and our volunteers. We are very grateful to the many volunteers who gwe their time in support of the charity, whose hours and their Full Time Equivalent {FTEI people (with 1 FTE - 1.740 volunteer hours) this year have been.. Area Volunteer Hours 15.747 3.799 2,721 2,054 Volunteer Shops Reception Fundraising and Events Propety and Facilities (including Garcsening and Kitchen Living Well and Hospice Com nions Bereavement 1.700 Other 361 Ward reception TOTAL 2025 334 27,564 25,316 15.9 TOTAL 2024 14.5 Using the benchmark of the National Living Wage of £11.44 per hour which operated throughout the 2024-25 financial year, the equivalent minimum cost of these hours would be £315.000 before employer national insurance and pension contributions. The contribution made by the volunteer5 rneans more money being channelled towards providing support to patients and their famils_ 3. Our objectives, mission, vision and values Our ob"ectives Achieve financial breakeven by 2028 and a surplus posib.on by 2030. Collaborate with all stakeholders to create an agrd strategy for end of lrfe and palliative care lo enable an enhanced service offering. Educate our stakeholders about our services, the challenges we face and the commissioning nature of our relationship with OUH. Achieve maximum sustainability of our servI￿s. Ensure our people are supported. engaged and developed_ Our mission To maximise income to fund the delNery of effective and compassionate palliative care and lo advocate and influen¢e for a palliative care system that meets the needs of our diverse community Our vision To ensure every moment matters for all patients and families affected by life4irniling illnesses in our community

Katharine House Hospice Trust Annual Report and Financial Statements for the year ending 31 March 2025 Report of the Board of Trustees (incorporating the Strategic Report) Our alues Compassion We act with compassion and integrity and ensure that everyone 15 treated wilh respect Inclusivity We are committed lo our whole comrnunty, regardless of background or circu￿￿tanCe. Sustsinability We work lo ensure the continued provision of quality palliative and end of life care in our o)mmunty. 4. Public benefit statement The Iruslees have refe￿ed lo the Charities Act 2011 for guidance on public benefit when reviewing the aims 2nd objectives of Katharine House Hospice and in planning its future activities and the OUH partnership. Consequently, they are able lo wnfirm their belief that the hospice's acb"vtbes are of public benefit and will continue to be so in the future. Our aclivib.es and achievements in furtherance of the public benefit are sel out above. 5. Structure, governance and management Governing document and structure The company was registered in May 1987 (No. 02733391} with the goveming instrument being ils Memorandum and Articles of Association. The Articles slate that the board of trustees shall have full discretion as to the admission of any person lo membership of the association. Katharine House Hospice Trust is a company limited by guarantee. having no share Capital, with all trustees being members of the company. The liability of the members is limited to £1 in the event of the winding up of the company.

Katharine House Hospice Trust Annual Report and Financial Statements for the year ending 31 March 2025 Report of the Board of Trustees (incorporating the Strategic Report) The board of trustees The board of Iruslees meets quarterly lo ensure effective governance of the charity. The Chief Executive is appointed by the board and has delegated responsibility for the day-to4ay management of the charity with the support of the senior leadership team ISLTI. The board of Iruslees is fully committed to the financial stewardship. quality and safety of the tharity. The trustees are guided by an agreed scheme of corporate governan￿ which sets out their responsibilities and those of the SLT. Polen1121 conflicts of interest are addressed in a Conflict of Interests Policy and 2 register of Iruslees, interests is maintained. Potenb"al conflicts of interest are addressed al every meeting of the trustees. A trustees, skills matrix is used lo delenmine the skills requirements when Va￿ncieS occur. A search is then undertaken, applicants are interviewed and a vole of memters is taken to decide upon appointment. New trustee5 undertake an induction programme designed to ensuie their understsnding of the trustee role and their knowledge of the hospice and wider hospi￿ sector. As well as a review of core documents, the induction provides opportunities lo meet wilh staff and volunteers across the h05pice and to observe or shadow parts of our service delivery. No trustee recewed any remuneration during the year (S￿ note 9 to the financial st8tementsl. One trustee wa5 reimbursed £584 of expenses for which reimbursernent was waived as a donation to the charity12024.. £1561. Sub-committees The board is advised by a range of Sub-￿mmittees'. Finance, Audit and Rtsk Income Generation General Management. Organisation structure and key management personnel Trustees are responsibk for the strategic direction of the or9anisalion. Day to day management is delegated lo the SLT. The pay of the leadership team is set by trustees in line with the pay policy of the charity, which is in line with market rates for similar roles in the charity sector. 6. Strategic report 6.1 Fundraising activities, achievements and performance including fundraising disclosures under section 13 of the Charities Act 2016 Retall Vvhilst income was £18k below that of last year. we exceeded the £1m target for the second year in a row, which is a great achievement given the challenge5 facing the High Street economy. Fundraising The charity's fundraisin9 learn is stable and ulilising the full income stream portfolio, whilst monitoring the ch2nging sector trends lo adjust and resw)nd. The team conb.nued to feel the impact of the cosl-of-living crisis. which directly affected individual gifts, community fundraising and event income. However. il is heartening that public engagement and willingness to take part in fundraising events rernains strong. There has a150 been significantly greater compelitson for trusts and grants. with further ChaI￿ngeS posed by our partnership with the NHS resulting in ineligibility for ftjnds re￿Ned in the past. To counteract a recognised drop in legacy income nationally, we have developed a long-lerm legacy strategy including Collaborating with Hospi￿ UK on a national legacy campaign.

Katharine House Hospice Trtjst Annual Report and Financial Statements for the year ending 31 March 2025 Report of the Board of Trustees (incorporating the StrategFc Report) Under the provisions of Section 13 of the Charrties IProtecb"on and Social Investrnenll Act 2016, Katharine House Hospice works with one exlemal fundraising agency. The Fundraising Partnership {TFPI. which is registered with the Fundraising Regulator and the Gambling Commission. TFP has an extensive Code of Professional Conduct and a Sensitivity and Vulnèmbility Policy. Together these meet and exceed all compliance requirernents for the Chartered Institute of Fundraising and the Fundraising Regulator. All TFP fundraisers are trained to exTred this level, have been issued wtth a copy of the cc*le and are inspected against it regularly. TFP recruits compassionate fundraisers who raise awareness of the hOspi￿'S services as well as generating lottery income. The charity invested £83,351 in door-to-door canvassing lo counteract our declining lottery income. The payback period on this investment 15 expected lo be just over one year. The investment is expected to generate repeat lottery income for years lo come. as well as resulting in longer-lerm supporter journeys and associated income. The Katharine House Hospice Lottery Steering Committee rr(Jnitors the performance of TFP along with all other aspects of the lottery, including Complian￿ checks. The lottery is licenced by the Gambling Commission. The charity is a member of the Fundraising Regulator, The Charrty Retsil A$S￿latIOn and The Chartered Institute of Fundraising. During the year, the charity had no complaints in its fundraising or lottery actwities12024". one fundraising and one lottery complainll. Our complaints policy and procedures are robust, and we take all supporter feedback seriously. We recognise the value of listening to all feedback and where a complaint indicates a shortcoming, we lake the appropriate measures. whether in changing our procedures or providing training for staff to prevent recurrence of issues and improve supporter care. Katharine House Hospice work5 wilhin the Fundraising Code to ensure that vulnerable people are protected within all fundraising activities. 6.2 Financial review and significant events Before revaluation of inve5tmenls. for the financial year ending 31 March 2025, the hospice recorded a net reduction of £337k in unrestricted fvnds12024.' £684k reduction) and an increase of £51 k in reslricled funds12024'. £25k increase). After revaluation of investments, the net reduction in funds for the year is £285k12024. £443k reductionl. Income Total income received in the year increased by 24% 10 £3,321k12024.' £2,688kl as shown below. 2025 2024 +l-% Donations Legacies Charitable activities (including slalulory ndingl Retail income Other trading Investments Other income 942.811 654.523 199,358 821,937 174,362 135.449 +15 +374.10 +470/0 1.006.901 415.434 93.860 8.417 1,024.975 400,339 121.0 9867 +4° -22Q nla Donations Income from donations for the year was £942k12024'. £822k} as investment in our community events and engagèment with corporate organisations continue lo reap benefits. Legacies Income from legacies for the year was £654k12024.' £174kl. Whilst a strong legacy pipeline had been forecast for the year, we are very grateful for the generosity of those who bequeathed legacies lo the charty. Legacy Income is unpredictsble but the pipeline for 2025-26 is encouraging.

Katharine House Hospice Trust Annual Report and Financial Statement5 for the year ending 31 March 2024 Report of the Board of Trustees (incorporating the Strategic Report) Charitable activities Ifees and grants) Income from fees and grants for the year was £199k {2024.. £135kl. This year we received £33k from the Department of Health & Social Care to help support capital investment lo improve patient welfare. Retail income (charity shops) The hospiTr runs seven shops and one online shop. Income from shops was £1.007k12024.' £1.025kl. Income being over £1 m for the second year running was a great result given the challenging times faced on the High Street. Investment incorne Investment income was £94k12024." £121kl. Falling interest rates and greater uncertainty in the markets has limited interest and dividend income this year. enditure and stsff costs Expenditure for the year was £3.525k {2024.' £3,398k) of which £1.331 k {38%) related to stsff cosls12024'. £1, 175k 35Qhl. During the year, catering stsff and equipment was transferred to the charty from OUH with the aims of increasing patient Servi￿ and providing the opportunity to generate add-rtional income. Other drivers of costs this year have been cost of living pay awards for stsff. irrecoverable VAT and the costs of redundancies. In this last respect, the charity anbcipaled the additional employer national Insuran￿ costs that would arise from the beginning of April 2025 and undertook a restructure in earfy 2025 to mitigate this. Pa ment for life care services The charity provides a £1.2m payment lo OUH lo supply palliative and end of life t2re servi￿5 as defined in the Integraled Service Model for Palliative Care. The vision is lo provide equitable high quality holistic palliative and end of life care for the people of north Oxfordshire, south Northamplon5hire and south Warwiekshire, and those close lo them, with advice and support being available 24t7. The partnership is structured lo enable the hospice lo become more resilient and able to influence changes to impfove palliative and end of life care provision, to respond to unmet need and to reach under-seTved communities. 6.3 Investment policy and performance In accordance with the Memorandum and Articles of Association. the trustees have the authority to invest in such stocks. shares, investmen15 and propety as they see fft. An agreed Inveslrnent Policy describes the tru5tees' investment aspirations which include.. providing income providing enhanced value where FX)ssible avoiding undue risk by invesb.ng diversely and monitoring investments careful avoiding investment in lobacco-related industries. The combined performance of our investment fijnd managers showed a net capital loss Irealised and unrealisedl of £82k for the year12024. gain £267kl Our investment portfolio, including cash held within the F(Srtfolio. reduced in value to £3.451 k12024." £3,577k.I Our bank deposits have decreased in value lo £1 k12024." £353k). This is due to drawing down cash lo cover the shortfall in the contribution from the charity towards the cost of the OUH grant. 6.4 Key risks The charity has a risk management system lo identify key risks that could affect the achievement of our objectives. The prO￿sS focuses on four Fx)lenlial areas of risk. each falling under the auspices of one of the trustee ommittees and one of the members of the SLT. They are retail. fundraising. finance and general management (including the hospice premises). io

Katharine House Hospice Trust AnnLJal Report and Financial Statements for the year ending 31 March 2024 Report of the Board of Trustees lincorporating the Strategic Report) The full risk management process is conducted quarterly and comprises the following sleps_' Risks are identified and reviewed logelher with any mitsgation measures by the SLT. Risks are scored for impact and likelihood to give a risk score Ibefore and after mitigalionl by the SLT. Scored risks with miligalions are reviewed by the appropriate sub<ommittee and the risk register updated as appropriate. Scored risks with rnitigalions are reviewed by the finance, audit and risk committee, which has delegated responsibility for managing risk. The final risk ￿gIster is reviewed and approved by the board of trustees. The principal risk facing the charity is the cost-of-living crisis which conb.nues lo hit the UK and which puls pressure on individuals, disF)osable income Vvhilst this may provide an opportunity for retail shop sales, the increased convenience of online selling platforms may divert merchandise lo being sold, rather than donated, limiting the amount and quality of merchandise available to sell. We also face increased costs from suppliers as they have additional costs lo cover, such as employers. national insurance. The highest scoring and most strategic risk is that the fundraising environment will remain challenging or further deteriorate, and income will conb.nue to lag expenditure. Having taken steps lo reduce staffing costs in early 2025. work continues lo address this. 6.5 Future plans The charity is an organisation that exists to fvnd and direct the provision of palliative care lo the community within our region. Our future plans include lo.. expand the fange of volunteering opportunikn-es to meet more of the needs of our patients and service users improve the existing retsil estate and look to improve relum on investment in lower I￿rf0MlIng outlets continue to increase the number of players in our lottery and ensure they are well supported expand our fundraising reach to improve our presence within I￿r whole clinical catchment a￿a. 6.6 Reserves policy A traditional reserves policy uses b.me as a proxy for risk, however. there may be little or no understanding of the actual financial impact of the risks involved. Therefore. Kathanne House Hospice has adopted a risk-based policy which allows us lo be more precise about the reasons for needing reserves Risks can also be managed in a dynamic way. In times of irnproved economic outlook, strong charity performan￿ and low risk to income streams, much lower levels of reserves will be required. Conversely. in the current geopolitical environment with losses forecast and high uncertainty over some of our revenue projecb"ons. much higher reserves are required. Free reserves policy The charity (iefines free reserves as unrestn'cted reserves that are freely available to spend on any of the charity's purposes. Free reserves therefo￿ exclude tsngible fixed assets used lo cary out the charity'5 activities, such as land and buildings Within unreslricted reserves, the charity'5 policy is to maintain free reserves sufficient lo cover.. liquidity projects land project risks) structural work including repairs. ￿fUrbI5hrnents and dilapidations projected losses based on the current thre&year F￿an risks of further losses based on the current Ihree-year ￿an. The risk of further losses is the risk of a shortfall in income lassessed by scoring each category of income using a risk matrix) less the Fiolenlial for cost savings if ir¢come falls12ssessed by scoring each category of cost using a commitrnent matrix). As al 31 March 2025. the level of free reserves held was £3.633m12024'. 3.908ml. compared to a risk-based reserves requirement of £3.006m. The gap betsveen free reserves and the risk-based reserves requirement is expected lo narrow In the medium term. li

Katharine House Hospice Trust Annual Report and Financial Statements for the year ending 31 March 2024 Report of the Board of Trustees lincorporating the Strategic Reportl Restricted reserrfes policy The charity holds reslricled income in a restn.cted reserve until hjlly spent on the reslricled purpose. If il is not possible to spend the funds as the donor intended. the donor will be approached and agreement reaehed on either reallocation or return of the funds. 7. Statement of accounting and reporting responsibilities The trustees are responsible for preparing a Trustees. Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Stsndards {Uniled Kingdom Generally Accepted Accounting Practi￿S). Company and charity law requires the trustees to prepare financial slalemenls for each financial year which give 8 true and fair view of the slate of affairs of the charity and of the charity's incoming resources and application of resources. including the charity's income and extÉndilure for that year. In preparing Ihose financial slatemenls, the trustees are required to.. select suitable accounting policies and then apply them Cor￿lS1entfy observe the methods and principles in the Charities SORP make judgements and ests"males that are reasonable and wudenl stsle whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the financial statements. and prepare the financial slalements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose wf(h reasonable accuracy al any lime the financial position of the charity and to enable them to ensure that the financial slalemenls comply with the requirements of the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the fflaintenan￿ and integrity of the eorporale and financial information included on the charitable company's website. Legislation in Ihe United Kingdom goveming the preparation and dissemination of financial stalements may drffer from legislabon in otherjurisdictions. 8. Statement of disclosure of information to auditors We confirm that, as far as the trustees are aware.. there is no relevant audit infomialion of which the charity's auditor is unaware. 2nd the trustees have taken all steps that they ought to have taken lo make themselves aware of any relevant audit information and to estsblish that the auditor is aware of that information. The Directors and Trustees report {Strategic Report) is approved on behalf of the trustees by.. Sir Tim Jenner Chair of Trustees 23rf October 2025 12

Katharine House Hospice Trust Annual Report and Financial Statements forthe year ending 31 March 2025 Independent Auditor's Report Independent Auditor's report to the mefflbers of Katharine House Hospice Trust forthe year ended 31 March 2025 Opinion We have audited the financial statefflenls of Kalharine House Hospice Trust for the year ended 31 March 2025 which comprise the Statement of Financial Activities. the Charity Balance Sheet. the Slalemenl of Cash Flows and notes lo the financial State￿Ents, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland Iurbiled Kingdom Generally Accepted Accounting Praclicel. In our opinion, the financial statements.. give a true and fair view of the stale of the charitable company's affairs as al 31 March 2025 and of its incoming resources and application of resources for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted A￿oUntIng Practi￿., have been prepared in accordan￿ with the requirements of Ihe Companies Act 20LE. Basis for opinion We conducted our audit in accordance with Inletnalional Standards on Audits'ng IUKI (ISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements sectFon of our rerx)rt. We are independent of the charitable Company in accordance with the ethical requirements that are relevant to our audit of the Iinancial statemen15 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 Ihe Oirectorfs use of the going concern basis of accounting in the preparation of the financial statements is appropriate_ Based on the work we have performed, we have not identified any material Lfncertainlies relating lo events or Conditions that, individually or colleclivety, may cast swJnificanl doubl on Katharine House Hospi￿ Trust's ability lo continue as a going concern for a period of al least 12 months trom when the financial statements 8re aulhorised for issue. Our responsibilities and the responsibilities of the Directofs with respect to going concem are described in the relevant sections of this report. Othèr information The other Informatson comprises the information included in the annual report. including the Trustees, report, other Ihan the financial statements and our audiloi's report thereon. The Trustees are responsible for thè other information contained within the annual report. Our opinion on the financial statements does not cover the other information and. except lo the extent otherwise explicitty stated in our report, we do not express any form of assuran￿ conclusion Ihereon. 13

Katharine House Hospice Trust Annual Report and Financial Statements for the year ending 31 March 2025 Independenl Auditor's Report Our responsibility is lo read the other infomiation and, in doing so. consider whether the other information is materially inconsislenl with the financial slalemenls or our knowledge obtained in the course of the audit, or othe￿ise appears to be materially misstated. If we identify such material this gives rise to a material misslalemenl in the financial statements therrtselves. If. based on the work we have terformed. we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to rep)rt in this regard. Opinion5 on other matters prescribed by the Companies Act 2006 Based on the work tjndertaken in the course of the audrt". the inforrnation given in the Trustees. report, which includes the Directors, report and the strategic report prepared for the purposes of company law, for the financial year for which the financial stslemenls are prepared is consistent with the financial statements.. and the Director5. report and the strategic report included within the Ttustees, report has been prepared in accordance with applicable legal tequirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the company and ils environment obtained in the course of the audit, we have not identsfied material misslalemenls in the Directors, report included within the Ttuslees, reporL We have nothing to report in respEcl of the following matters in relalion lo which the Charities {Accounts and Reports) Regulations 2008 require us lo report to you if, in our opinion.. adequate and proper accounting records have not been kept. or retums adequate for our audit have not been re￿Ned from branches nol visited by us", or the financial slalements are not in agreement with the accounting records and returns,. or certain disclosures of Trustees, remuneration specifEd by law are not made." or we have not received all the information and explanations we require for our audit. Responsibilities of the Trustees As explained more fully in the Trustees, responsibilities statement Isel out on page 161. the Trustees {who are also the Directors of the charitable company for the pu¥poses of company lawl are responsible for the preparation ol the financial statements and for being sab"sfied that they give a true and fair view, and for such internal control as the Trustee5 determine is necessary to enable Ihe preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the company's ability to continue as a going concern. disclosing, as applicable, matters related lo going concem and using the going concem basis of accounting unless the Trustees either intend to liquidate the company or lo cease operations. or have no realisb"¢ alternative bul lo do so_ Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under Section 144 of the charib.es Act 2011 and report in accordan with the Act and relevant regulations made or having effect thereunder. 14

Katharine House Hospi￿ Trust Annual Report and Financial Statements forlhe year ending 31 March 2025 Independent Auditor's Report Our objectives are to obtain reasonable assuran￿ about whether the financial slalemenls as a whole are free from material misstslemenl, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee that an aLJdil conducted in accordance with ISAS IUKI will always delecl a material misstatement when il exists. Misstatements can arise from fraud or error and are considered material if. indrvidually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial slalements. The exlenl to which our procedures are capable of delects.ng Irregularit￿S, including fraud is detailed below.. the engagement partner ensured that the engagement team collectr.vely had the appropriate competen￿, capabilities and skills lo idenbfy or recognise non<ompliance with applicable laws and regulations". we identified the laws and regulations applicable to the charitable company through discussions with DireCtorS￿rUstees, and frorn our knowledge and experience of the client's sector., we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charitable company, we assessed the extent of compliance with the laws and regulatsons identified above through making enquiries of management. and identified laws and regulab.ons were communicated wthin the audit team regularly and the team remained alert to instan￿S of non-complian￿ throughout the audit. We assessed the susceptibility of the charitsble company's financial statements lo material misstalernenL including obtaining an understanding of how fraud might r￿Ur. by.. making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud., considering the internal controls in place lo fflitigate risks of fraud and non-compliance with laws and regulations", and To address the risk of fraud through management bias and override of controls, we.. performed anatytical procedures to identify any unusual or unexpected relationships., tested joumal entries lo idenltfy unusual trans*K)n5', assessed whelherjudgemenls and assumpts'ons made in deterrnining the accounting estimates were indicative of wlenlial bias". invesb"galed the rationale behind swJnthcant or unusual fransaclions.. and In response to the risk of irregularities and non-complian￿ with law5 and regulations. we designed procedures which included, bul were not limited lo". agreeing financial statement disclosures to undetying supporting dccumentslion. reading the minutes of meetings of those charged with governance.. enquiring of management a5 to aclual and potential litigation and clairns.. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations arè from financial Iransa¢b"ons, the less likety it is that we woukl become aware of non- compliance Auditing standards also limit the audrt procedures required lo identify non4ompliance with laws and regulations lo enquiry of the Trustees and other management and the inspection of regulatory and legal correspondence, if any. Material misststements that arise due to fraud can be harder lo delect than those that arise from error as Ihey may involve deliberate conTralmenl or collusion. 15

Katharine House Hospi￿ Trust Annual Report and Financial Statements for the year ending 31 March 2025 Independent Auditor's Report Use of our report This report is made solely lo the chaiitsble company's rnembers, as a body, in accordan￿ wth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale lo the charitable company's members those matters we are required lo slate to them in an auditor's report and for no other purpose. To the fullest exienl permitted by law. we do not accept or assume responsibility lo anyone other than the charitsble company and the charitable company's members as a body. for our audit work. for this reporL or for the opinions we have fomied. //•• Robert Kirtland, Senior Statutory ALyJitor for and on behalf of Gravita AudFt Oxford LLP Slalutory Auditors First Floor Park Central 4041 Park End Street Oxford OX1 1JD 2911012025 16

Katharine House Hospi￿ Tntst Annual Report and Financial Statements for the year ending 31 March 2025 Statement of Financial Activilies (Including Irtcome and Expenditu￿ account) 2025 Total UnreStr￿ted Restricted 2024 Total Unrestricted Restricted Note Income from: Oonalions and legacies Charitable activities Retail acb"vilies Other trading activities Investments Other Income Total incorne 1.573.666 153,577 1,006.901 415.434 93.860 8.417 3.251,855 23.668 45.781 1.597.334 199.358 1.006,901 415,434 93.860 8.417 3,321.304 964,560 84,276 1.024,975 400,339 121.0 9,867 2,605,113 31,739 51,173 996,299 135,449 1,024,975 400,339 121.096 9,867 2.688.025 4a 4a 4b 69,449 82,912 Expenditure on: Raising funds Retail actsvilies Charitable activities Total expenditure {1.134,831} (13.0221 (1.147,853 1966,7301 146.7661 {1.013.4961 1915.5461 1915,546} 1840.2191 {840,219) 11,456.8971 14,914) 11A61.8111 11,482.5321 {61,3311 (1.543,863 3.507 274 3 525 210 3 289 481 108.097 3 397 578 Net lexpenditure}l income before revaluation 1255,419) 51.513 (203,9061 1684.3681 {25,1851 1709,5531 Net gainlllossl on investments {81,593) {81.5931 266,590 266,590 Net lexpenditure)l income for the year 1337.012) 51,513 1285.499 1417.7781 125,1851 1442.963} Transfers be￿een fvnds 814,221 1814.2211 Net movement of funds for the year 1337,0121 51,513 1285.499) 396.443 1839,4C61 1442,9631 Reconciliation of funds- Balances brought forward 31 March 2024 18 5,498.454 15,218 5.513.672 5.102.011 854,624 5,956,635 Balances carried forward 31 March 2025 18 5.161.442 66.731 5.228.173 5,498,454 15.218 5.513,672 The notes on pages 21 to 38 fotm part of these financial staterrents. 17

Katharine House Hospice Trusl Annual Report and Financial Statements for the year ending 31 March 2025 Charily Balance Sheel 2025 2024 Note Fixed assets: Intangible assets Tangible assets Investments 11 12 13 16.000 1,545.573 3 450 839 1,590.870 3 577 212 5.012.412 5.168,082 Current assets: Str)ck- goods for resa Debtors Cash al bank and in hand 14 195,330 586,303 282.085 621,263 781.633 903.348 Liabilities- Creditors.. amounts falling due within one year 15 565 872 Net current assets 215,761 345,590 Total net assets 17 5.228.173 5.513.672 Funds: Restricted income funds 18 66,731 15,218 Unrestricted & designated funds 18 5.161 A42 5.498,454 Total funds 18 S.228.173 5.513,672 The notes on pages 2110 38 form part of these financial statenEnts. These financial stslemenls were approved and aulhorised for issue by the tx)ard of tJustees on 23Td October 2025 and were signed on ils behalf by". Sir Tim Jenner Chair ofTrustees Company Registration Number.. 02133391 18

Katharine House Hospice Trust Annual Report and Financial Statemenls for the year ending 31 March 2025 Statement of Cash Flows Note 2025 2024 Cash flows Irom operating activities Nel lexpendilurel for the reporting period (as per the Statement of Financial A¢liviliesl Depreciation of fixed assets Transfer in of fixed assets al net book value Dividends, interest, and rent from investments Decrease in debtors IDecreasellincrease in credrtors Net cash from operating activities 1203.9061 78.663 1709.5531 76.337 12 111.9781 93,860) 99,763 {121.0961 15,688 {136.212} 1763.584) Cash flows from investing activities: Interest received Dividends ￿CeiVed Purchase of intangible fixed assets Purchase of tsngible fixed assets Proceeds from sale of investments Purchase of investments Net cash (used in) investing activities 4,458 89,402 {16,0001 (21,3881 338.504 (291.387 29.297 91.799 11 12 {18.6691 373,815 1393,177} 13 103.589 83.065 Change in cash and cash equivalents in the year 132.6231 1680.5191 Cash and cash equivalents al the beginning of the year Cash and cash equivalents atthe end ofthe year 662,912 1.343.431 Cash and cash equivalents are held as follows- Cash held in operations Cash held on deposit Total cash al bank and in hand 585.760 267,792 353471 621,263 586.303 Cash held in investnEnts Cash and cash equivalents atthe end of the year 13 19

Notes to the financial statements for the year ending 31 March 2025 Statutory information Katharine House Hospice Trust Ltd is a private company limtted by guarantee. registered in England and Wales, registration no. 2133391. The registered office is Aynho Road, Adderbury. Banbury OX17 3NL. Compliance with accounting standards The formal and conlenl of the financial slalements have L￿n prepared in accordance with the Charities SORP IFRS 1021, the Charities Act 2011, the Companies Act 2006 and FRS 102. Public Benefit Entty The charity is a public benefit entty- 1. Summary of significant accounting policies The principal accounting policies adopted in the preparation of these financial stslements are set out bek)w and h8ve remained unchanged ffom the previous perÈod. Going concem and presentstion Currency The ff nancial statements have been prepared on a going con￿rn basis under the historical cost convenb"on, modrfied by the inclusion of fixed asset investments at their market value. Al the lime of approving the ￿coUnts, the Iruslees have a reasonable expectation that Kalharine House Hospice has adequate resources to continue in operational existence for the foreseeable future. The trustees consider there are no material uncertainties about the charity's ability to continue and adopl the going con￿rn basis of accounting in preparing the accounts. The financial statements are prepared irb £ sleding, rounded to the nearest £, which is the functional currency of the company. Basis of preparatlon of charity financial sLitements The charity had one dormant subsidiary undertaking. Katharine's Cupboard Limited, which was dissolved in the previous year and was cleaHy immaterial in considering the financial posits.on of the charity (see note 141. Therefore, the charity has decided not to prepare consolidated accounts. The charity has adapted the Companies Act fom)at of Ihe finan￿al statements to reflect the special nature of the charity's activities. Icl Income recognition All incoming resources are included in the Statement of Financtal Acb"vilies when the charity is legally enb.lled to the income, the amount can be quants'fied with reasonable accuracy and it is probable that the income will be received. The following specific policies are applied lo categories of income.. Donations are accounted for as recesved by the charity. Gifts in kind." Estimating the fair value of donated goods for resale is impractical because of the volume of low-value items received. Therefore. donated goods for resale are not recognised on receipt. Instead, the value lo the charity of the donated goods sold is recognised as income when sold. Other gifts in kind, including donated facilrties and services, are reeognised in income at their fair value. Legacy incorne is recognised at the earlier of receipl or when all the following conditions have been metr Probate has been granted. The charity is able lo measure the value of rts enlit]ement aecuralely and confirm that there are sufficienl funds to pay the legacy. Any conditions attached to the legacy are either within the control of the charity or have been met. 20

Shop income is recognised on a eash receipl basis. Lottery Ineorne is reeognised when allocated to the current week's draw. Lottery fvnds received and not drawn before the balar￿ sheet date are recorded as deferred income and included within creditors in the balance sheet. Raffle income is also recognised when the raffle is drawn. Income from fundraising ventures is shown gross, with the aSs￿lated costs induded within fundraising costs. Investment income is included when receivable. Realised and unrealised gains and losses are dealt with in the Stalernenl of Financial Aclivilies. Grant incorne. including government grants, is recognised when receivable and conditions for receipt have been complied with. The charity considers that where a lemi or condition simply restricts the use of a grant. this does not affect a charity's entitlement lo the gift and recognition of income. No amount is included in the financial statements for volunteer time in line with the SORP IFRS 102). Idl Expenditure recognition All expenditure is accounted for on an accruals basis as a liability FS incurred_ Expendrture includes any VAT which cannot be fully recovered and is reported as irrecoverable VAT in the appropriate expense category. Expenditure is categorised under the following headings.. Raising funds: Costs of raising funds comprise costs incurred in encouraging people and organisalions to contribute financially lo the charity's work. This includes the cosl of advertising for donations, the running of the lollery including prize money. costs asS(￿lated with the staging of special fundraising events and investment managers, costs. Retail activities-. Costs of retail acb"vilies comprise costs associaled with the running of the shops. Charitable activities: Costs of charitsble actrvities comprise those costs incurred by the charity in grant funding and supporting the delivery of specialist palliative care and associated seNiees for pab.ents with a lerrninal illness. All costs are allocated belween the expenditure categories of the Statement of Financial Activities on a basis designed lo reflect the use of the resource Costs relating lo a particular actlvity are allocated directly lo that activity, with remaining support costs (which include office costs, governan￿ costs and adminislralive payroll costs) being allocated lo a particular aclivrty on an appropriate basis as set out in notes 6 and 7. The cost of the annual payment to the OUH 15 accounted for as SerV￿S are provided. Fixed asset investrnents Fixed interest investrnenls are held to maturity for the purposes of income generation and capital appreciation", the trustees consider il appropriate to show these at cost les5 arnortisats.on of premium paKI. Listed equities are staled at market value as at the balance sheet dale. Realised and unrealised gains and losses on investments during the year are dealt with in the Slalement of Financial Acb"vib"es. Cash held in investments is included in investments rather than cash al bank and in hand. Nel gainlloss on investments includes both realised and unrealised gainsllosses on the revaluationlsale of investrnents. ifj Current asset investments Investments held for resale are included in current assels. Igl Intangible assets Intangible assets are amortised on a straight-line basis over their usefvl lives as follows." 21

Compulersofware 25% In the Statement of Financial Activities, the amortisaty.on charge 15 allct*ed between expenditure on raising funds and charitsble aclivilies. {h} Tangible fixed assets Tangible fixed assels are included in the financial statements at histoftcal cost, less accumulated depreciation. Depreciation of tangible fixed assets is provided on a straight-line basis, calculated at annual rates estimated to write off each asset over the term of its useful lrfe. The depreciation rates applicable are. Freehold land Freehold buildings Leasehold propety Motor vehicles, office and computer equipment Assets under construction rb)d of Ihe lease 100k, 20% and 33 1r3% zero stock Any stocks of goods for resale are fell by the trustees lo be Ins￿nIfiCant and are only carried al cost if purchased at the year end. Taxation The company is ￿gIStered as a charity and is not liable to corporation tax on its Charitab￿ activities. Value Added Tax The company is partially exempl for the purposes of VAT. Pension costs Retirement benefits are provided to employees by way of various pension schemes as sel out in note 10 to the financial slalemenls. Contributions payable to these pension schemes are charged in the Statement of Financial Activities in the period lo which they relate. Any differences betsyeen the contributions payable in the year and those actually paid a￿ included within credrtors in the balance sheet. FRS 102 requires fixed payments amounts to be included on the balance sheet. Operating leases Rentals payable under operating leases are charged in the Slalemenl of Financial Ath'vitses on a straight-line b851S over the term of the lease. Inl Fund accounting General funds are unreslricled funds which are available for use at the discretion of the trustees in ftjrtherance of the general objectives of the company and which have not been designated for other purposes. Restricted funds are funds which are lo be used in accordance with specific reslri¢lions imposed by donors, funding providers or which have been raised by the company for a particular purp)se. The costs of raising and administering such funds are charged against the specific fund. Debtots Trade and other debtors are recognised al the settlement amount due after any discounts offered. Prepayments are valued at the amount prepaid nel of any discounts due. Cash at bank and in hand Cash al bank and cash in hand Includes cash and short term. highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. Iql Creditors and provisions Creditors are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of fvnds lo a third Fkrty and the amount due to setue the obligation can be measured or estimated 22

reliably. Creditors and provisions are normalty recognised al their seluement amount after allowing for any trade discounts due. Financial instruments The company only has financial assels and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value except for bank loans which are subsequentty measured at amortised cost using the effective interest method. 2. Income from donations and legacies 2025 Total 2024 Total Unreslrthd Restr¢cted Unrestricted Resitled Donations Legacies 919,143 654,523 1.573.666 23.668 942,811 654,523 1.597.334 790.198 174.362 964,560 31,739 821,937 174,362 996,299 23.668 31.739 3. Income from charitsble activities 2025 Totsl 2024 Total Unre51ricted Restr￿ed Unrestricted Restricted Fees and granis 153.577 153,577 45,781 45.781 199,358 199.358 84,276 84.276 51,173 51.173 135,449 135.449 4a. Income from retail and other trading activities 2025 Total 2024 Total Unreslricled Restricted Unrestrtcted Restricted Charity shop income Total retail 1,006.901 1,006,901 1.006.901 1,006,901 1,024,975 1,024.975 1,024.975 1,024,975 Lottery Other fundraising income Total other trading activities 215.264 200.170 215,264 200.170 162.080 238,259 162,080 238.259 415,434 415,434 400.339 400,339 4b. Other income 2025 Total 2024 Total Unrestricted Restrthd Unrestricted Restricted Insurance claims Finance services 542 7,875 8,417 542 7,875 8.417 71X) 9,167 9,867 700 9.167 9.867 23

1. Income from inveslments 2025 Total 2024 Total Unrestricted Restr￿ted UnreSln￿ed Restricted Dividends- Equities Interest- Securities Interest- Deposits 89,402 711 89,402 711 91.799 91.799 24

Represented by.. 6. Total expenditure Retail ai$ing Funds Charitable fJ 0 2025 Total 2024 Costs directly allocated to charitable activities OUH grant payments" OUH EDI officert Hospice support costs Staff costs Rent & oiher shop costs Merchandise costs Staff training, welfare Staff and patient travel Waste removal Lottery prizes & costs Other fundraising costs Irrecoverable VAT Investment manager costs Depreciation Direct Direct Direct Direct 379.489 Direct 245.050 Direct 24.827 Direct 1.161 4,267 24.4gX) 1,205,500 1.205,500 1,400.000 28,016 22.172 821.947 239.382 33,752 4,330 156,994 156.994 840.745 245,050 24.827 1.895 461,256 Direct Dir&t Direct Direct Direct Direct Difect 163 4.430 5,029 24.490 21,658 188,106 102,321 135,539 119.620 17,583 13.395 16,860 15,511 1.462 13,532 37,288 16.860 1.363.956 2.875,551 2,864,421 188,1( 135.539 17.583 16,860 10,082 1,988 689.366 186.1(￿ 617,263 Support costs allocated to other activities Hospice communicab'ons Adminislrat'on staff costs Hours 4.316 4,316 77.691 Inco￿￿ 158,026 33,784 134.138 Income 23.217 4,964 19.708 Income 12.714 2.718 10,792 4,191 3.558 11.001 9.338 11.464 9.731 1.251 8,653 226,180 52.015 273.609 43,162 129.485 325,948 47,889 26,224 116,943 274,679 44,168 20,994 Admin & ofFice expenses Utilities & servi￿5 Repairs and maintenance Governance Irrecoverable VAT Depreciation Income 8,645 22.691 23.646 65,131 649,659 11,806 16,235 9,283 39,049 533,157 Income 2.352 2.451 Income Floor 54.693 97,855 Total expenditure 202S 915,546 240,121 890,872 16,860 1.461.811 3,525,210 3,397.578 Total exrEnditure 2024 840.219 133.464 864.521 15.511 1.543.863 3,397,578 3,222,941 Restrtted 2025 Totsl Restn'cted Unrestricted Unrestricted 2024 Total Raising funds Retail activities Charitsble activities 1,134.831 915.546 1.456,897 3.507.274 13.022 1.147.853 915,S46 4.914 1.461.811 17.936 3.525.210 966.730 840.219 1,482,532 3.289.481 46.766 1,013,496 840,219 61.331 1.543,863 108,097 3,397,578 'Oxford Univèrsity Hospitals NHS Foundation Tfust 25

1. Expenditure on charitable activities Basis of allocation 2025 2024 Costs dlrectly allocated to charitable activities: OUH Grant payments OUH EDI officer Hospice support costs Depreciation Direct Dire Direct D1￿cl 1,205.500 1.400.0 28,016 22,172 23.879 156.994 1,462 1J63.956 1,474,1￿7 Support costs allocated: Hospice communicab.ons Depreciation Totsl expenditure Hours FltK)r 43,162 54.693 38.981 30,815 1,543,863 Charitable expenditure by service 2025 2024 OUH Grant payments (all serV￿s) OUH EDI officer (all serV￿e$l Hospi￿ support costs (all selv￿eS} HospiTr communications (all servres) Inpalienl Unit Living Well Community Nurses ICPCT) Lymphoedema Bereavernent serw Vvelfare & education Total expendrture (all services) 1.205,SIX) 1.400,000 28,016 22,172 38,981 27,607 19,383 3.082 616 616 3,39() 1,543,863 156,994 43.162 27.606 19.384 3.082 616 616 4.852 1,461.812 With effect from 1 April 2021, all the clinical serv￿$ previously provided by Kalharine House have been carried out by OUH to the samè high standards of care that were previousty provided by Kalharine House. Payments have been made to OUH totalling £1.205.50012024". £1,400,000) for the purpose of providing funding lo facilitate the Trust in carrying out the services. 26

2. Net incomel{expenditure) for the year This is ststed after chargingllcrediling)-. 2025 2024 Depreaation of fixed assets OF)eraling lease rentals". 78.663 76,337 Protkty Other Auditor's remuneration (excluding VAT).. Audit 137,990 12.303 136.729 8,312 11.500 10,650

3. Staff costs and numbers Staff costs were as tollows.. 2025 2024 Salaries and wages Redundancy and terminab.on costs Social security costs Pension costs 1,134.841 28,541 95.220 1,034,693 83,136 Redundancy and lerminalion payments are accounted for in the period in which the payments were made. During the current financial year, such payments amounted to £28,541 12024- nill. Staff numbers The average number of employees, and full time equivalent IFTEI employees, employed by the charity during the year was.. 2025 2024 2025 2024 No. Charitable activities Support a¢livitEs Raising funds 28 35 35 The number of employees whose lolal employee benelils (excluding employer pension costs) exceeded £60,000, for the reporting period fell within each band of £10,000 as follows_. 2025 No. 2024 £70,000-£79,999 £80.000-£89.999 27

The key management personnel of the Trust comprise Ihe trustees. the Chief Executive and the SLT. The lolal employee benefits (including pension contributions and employer's nats.onal insurance) of the key ffianagemenl personnel were £336.18212024". £302,219). The charity Iruslees were neither paid nor r￿1Ved any other beneffts from employment with the Trust or ils subsidiary in the year12024.' £nill. One trustee was teimbursed £584 for expenses incUr￿d during the year12024'. £156 paid to one Iruslee for attendance al one event). No charity trustee received payment for professional or other services supplied to the charity12024". £nill. The role played by volunteers is disc105ed in the trustees. report Ipage 6). 10. Pension costs Aviva pension scheme- defined contribution scheme The current scheme operated by the company is administered by Aviva and is a group personal pension scheme with defined contribution rules. The assets of the pension scheme are held separately from those of the charity In independently administered funds. The scheme was set up in 2008 with both a flexible conlribution rate from the employer and an opportunity for employees to contribute via a salary sacrifice arrangement whKh the trust￿$ felt fairly reflected a modern pension scheme for ils employees. Since May 2014. this scherne has been used as the company's auto enrolmenl scheme. The cotnpany's contributions to the scheme in the current year are based on a contribution rale of up lo 130/0 of pensionable pay12024.' up to 13% of pensionable payl. There is also an option lo make contn"butions to the scheme through a salary sacrifice- the company contribution rate with salary sacrifice is up to 21 /0, based on a 70/0 salary sacrifice12024'. up to 210/0. based on a 7% salary sacrifice}_ The pension costs for the year ending 31 March 2025. as included ill the Statement of Financial Acts"vities, amounted 10 £58,66012024. £57,776}. The balance owing lo the scheme as al 31 March 2025 is £10,24812024'. £7,989) Pension costs are allocated to activities based on the job descrsption of each employee. ￿ere an employee is part funded from a restricted fvnd for a specific project. a proportion of Iheir pension is allocated to that fund. All other pension costs are allocated lo unreslricled funds. NHS pension scheme- defined benefit scheme During the year, staff and equipment providing caleiing services to the hospice were transferred into the charity from OUH. Staff were transferred under Transfer of Undertakings (Protection of Employmenll Regulations 2006 which, amongst other protections, allowed staff to relain their participation in the NHS pension scheme. Al the Balance Sheet date, the charity had yel to be estsblished as a partkcipating empbyer lo the scheme and contributions were held. pending admission. The pension cosls for the year ending 31 March 2025, as included in the Slalemenl of Financial Activib'es, amounted lo £14,079 {2024'. £nill The balance owing to the scheme as al 31 March 2025 is £14,07912024. £nill. Details of the benefits payable and rules of the scheme can be found on the NHS Pensions website al wNw.nhsbsa.nhs.uklpensions. Both the 199512008 and 2015 schemes are accounted for. and the scheme liability valued, as a single combined scheme Both are unfunded defined benefit schemes that cover NHS employers. GP practices and other bodies, allowed under the direction of the Secretary of Slate for Health and Social Care in England 2nd Wales. They are not designed lo be run in a way that would enable NHS bodies to identify their share of the underlying Scheme assets and liabilities. Therefore, each scheme is accounted for as If it were a defined contribution 28

scheme.. the cost lo the NHS body of participating in each scheme is taken as equal lo the contributions payable lo that scheme for the ac£ounting period. In order that the defined benefit obligaknons recognised in the financial statements do not differ materially from those that would be determined al the reporting dale by a formal actuarial valuation. the Governments Financial Reporting Manual I'FReM'I requires thal'the period between ft)rmal valuats.ons shall be four years. with approximate sses5ments in intervening years.. An outline of these is as follows.. lal Accounting valuab'on A valuation of scheme liability is carried out annually by the scheme actuary Icurrenlly the Government Actuary's Department) as at the end of the reporttng period. This ulilises an actuarial assessment for the previous accounting period in conjunclion with updated Fnembership and Iinancial dats for the current reporting period. and is accepted as providing suitably robust figures for financial reporting purposes. The valuation of the scheme liability as al 31 March 2025 is based on valuation data as at 31 March 2023. updated lo 31 March 2025 with summary global member and accounting data. In undertaking this actuarial assessment. the methodology prescribed in IAS 19, relevant FReM inlerpretalions and the discount rale prescribed by HM Treasury have also been used. The latest assessment of the liabilib.es of the scheme is contained in the Statement by the Actuary, which forms part of the annual NHS Pension Scheme Annual Report and Accounts. These accounts can be viewed on the NHS Pensions website and are published annualty- Copies can also be obtained frovll The Slalionery Office. Ib} Full actuarial {fundingl valuation The purpose of this valuation is lo assess the tevel of liability in reS￿t of the benefits due under the schemes (considering recent demographic experience) and to recommend the contribution fate payable by employers. The latest actuarial valuation undertaken for the NHS Pension Scheme was completed as al 31 March 2020. The results of this valuation set the employer contribution rale payable from 1 April 2024 to 23.7% of ￿nsIonable pay. The core cost cap cost of the scheme was calculated lo be oulside of the 3% cost cap corridor as of 31 March 2020. However. when the wider economic situation was taken into account through the economic cost cap cost of the scheme, the cost cap corridor was not simi18rly breached. As a result, there was no impact on the member benefit structure or contribution rates. The 2024 actuarial valuation 15 currenlty being prepared and will be published before new contribution rates are implemented from April 2027. 29

1. Fixed assets- Intangible Computer SOf￿are Total Cost Al 1 April 2024 Additions in year Disposals in year Al 31 March 2025 271 271 16.(KJO 16,000 271 271 16,CM)O 16,01)0 Amortisation Al 1 April 2024 Charge for the year Disposals in year Al 31 March 2025 271 271 271 271 Net book value At 31 March 2025 16,000 16.000 Al 1 April 2024 All the above assets are used for charitable purFrf)ses. Intangible asset additions in the year were fisnded by a grant received from Ihe Department of Health and Social Care via Hospice UK. These are included as Restricted Funds in Note 17(al.
2. Fixed assets-Tangible Freehold land and buildings Leasehold irnprovement Fixtures and rittings Motor Vehicles Total Cost Al 1 April 2024 Additions in year Transfers in Disposals in year At 31 March 2025 2.831,171 69.409 134,113 19.524 34.869 17031 18.420 3,053,113 21.388 34,869 (7031 42 Depreciation Al 1 April 2024 Charge for the year Transfers in Eliminated on disposal At 31 March 2025 1.338,867 56,223 40.600 5.251 65,792 16,039 22,891 703 104,019 16.984 1.150 1.462,243 78.663 22.891 703 1.563.094 1.395,090 45.851 18.134 Net book value: At 31 March 2025 436.oai 422 At 1 April 2024 321 30

Fixtures and fittings additions costing £17.504 were funded by a grant re￿iVed from the Department of Health and Soci81 Care via Hospice UK. These afe included as Restn"cled Funds in Note 17(al. Land with a value of £20.00012024". £20.0001 is induded in Freehold land and buildings and is not depreciated. All the above assets are used for charitable purposes. 13. Investments Listed equities at market value Fixed Interest Charity total Fair value at 1 April 2024 Additions Disposals Revaluation during the year 9,OLK) 29,002 {15,000} 3.526,563 262.385 1341,3001 {63.7971 3,535,563 291.387 1356.3001 163.7971 Fair value al 31 March 2025 23,002 3.383,851 3.406,853 43,986 3.450,B39 Cash held in investments Nel book value at 31 March 2025 Fair value on 31 March 2024 9.000 3.526.563 3.535.563 41,649 3,577.212 Cash held in investments Nel book value al 31 March 2024 The historical cost of listed equity investrrenls included above al market value is £3,089,22412024.- £3,154.1201. 14. Debtors 2025 2024 Trade debtors Other debtors Prepayments & accrued income Legacies re￿iVable VAT recoverable 12.118 42.161 2.861 208.247 25.CX)O 3.816 173.212 10.000 15. Creditors: Arnounts falling due within one year 2025 2024 Trade creditors Taxation and soci81 securty Other creditors Accruals Deferred income Inole 161 VAT payable 368,634 25,033 24,328 25,181 114,302 427.983 20.495 7,989 45,425 55,866 31

1. Deferred income 2025 2024 Balance al the beginning of the year Amount released to income in the year Amount deferred in the year Balance at the end of the year 5S.866 155,866) 114302 107.835 {69.676} Lottery and raffle income received in advan￿ is deferred to the date ofthe prize dr￿.
2. lal Analysis of net assets between funds- current year General Designated unrestricled lottery fund Restricted funds Total funds Intangible assets Tangible assets Investments Nel current assets Net assets at 31 March 2025 16.000 17.504 16,000 1.545.573 3,450,839 215761 5 228 173 1,528,069 3,450.839 157.050 5 135 958 25.484 ' 33.227 Free reserves 3 633 373 Intangible and tangible a55els costing £33.504 in lotal were funded by a grant from the Department of Health and Social Care, received via Hospice UK.

3. {b) Analysis of net assets between funds- Prior year General unrestricted Designated lottery fund Restricted funds Total funds Tangible assets Investments Nel current assets 1,590.870 3.577.212 321.537 1,590,870 3,577,212 345 590 8.835 8.835 15.218 Net assets at 31 March 2024 5489 619 5513 672 . Ffee reserves 3 898 749 3 907 584 32

4. (a) Movement on funds- current year Asat1 April 2024 Expenditure & Losses Transfer5 and Gains Asat31 March 2025 Income Restricted funds.. Hospice staffing Palienl Welfare Chapel Equipment Grounds and Gardens Fundraising EDI Sustainability DHSC Capital 1.260 2,718 85 9.725 299 14.592) 1322) 6,393 2.695 85 11,125 1,406 6,000 5.523 11,978 7,943 6,0 {1.3531 (7.1921 655 5,523 4,477 {4,477} 33.504 33,504 Total restricted funds 15,218 69.449 (17.936) 66.731 Designated & general funds: Designated lottery fund General funds 8.835 5489619 100,000 3.151.855 183,351 > 3 423 923 25,484 5135958 Total unrestricted funds 5 498 454 3 251855 3 507 274 81593 5 161442 Total fvnds 5513672 Restricted lunds: Hospice Staffing Fund - This fund represents donations re￿Ived with the specific request that they be used lo defray the cost of hospi￿ staffing. Patient Welfare Fund - This fund represents donations received wth the specific request Ihal they be used to defray the cost of projects that enhance patient wellbeing and welfare. This includes Art Room Supplies, massage and theopy supplies, rnusical instruments. games. and stories for life. Chapel Fund - This fund represents donations received with the specific request ihat they be used lo defray the cost of running of our chapel. Equipment Fund - This fund represents donations r￿1Ved with the specific request that they be used lo purchase new equipment. Grounds and Gardens Fund - This fund represent5 donations received with the specffic request that they be used lo defray the cost of the upkeep of our grounds and gardens. which help create an atmosphere of peace and Iranquillity at the hospice for all those who come to U5. Fundraising Fund - This ￿nd represents donations re￿iVed with the specific request that they be used lo defray the cost of running fundraising events. EDI Fund - This fund represents donations re￿iVed wth the specific request that they be used lo defray the cost of managing the project 'lnclusion Matters . Creating a cultuTr of equalty. diversty and inClus￿n at KathaI7ne House Hospice and Sobell House. DHSC Capitsl - This fund represents funding re￿iVed from the Department of Health and Social Care for capital expenditure on upgrading hospi￿ security systems. IT hardware and softsvaie lo improve servKes to patients. 33

Fund descriptions and policy A summary of the risk-based reserves policy is provided in the trustees. report. Overall. the charity needs lo retain £3.Om12024." £3.Om} of free reserves to sab.sfy the full ongoing reserves requirement. This will enable Kalharine House Hospice Trust to manage short-term losses of statutory or ftjndraising income and provide sufficient lime lo plan any changes required to future service delivery. Designated and unrestrtcted funds: Designated lottery development fund - In order to Safeguard slakes, The Gambling Commission stipulates that all lottery development is funded from reserve5. Therefore. the trustees have designated a fund for us to partner with a face-lo-face charity fundraising cofflpany lo canvass for new lottery players. In addition, the lottery is operated from sepamte bank accounts. and enough mney is retained in the k)ttery bank lo cover 110% of any advanced slakes and all outstanding prizes (subject lo the terms of the lottery). General fund - This fund recognises the need to protect hospice services in the light of the challenges faced by all within the hospice sector ol rnainlaining and building both statutory and fundraising income. and the high level of costs incurred. This ftjnd will continue lo be treated as unrestricted funding, in line with the wider charty sector. 18. (b) Movement on funds- prior year Asat31 March 2024 Asat1 April 2023 ExpendTture & Losses Transfers and Gains Income Restricted funds- Hospice Staffing Hospice Companion Patient Welfare Chapel Equipment Projects Grounds and Gardens Fundraising EDI Sustainability OUH Capital Total reslricled fvnds 4,240 12.980} 114.0111 16571 15.0951 123,2491 110,7721 12.011} 116.1X>O) 127.8161 I5.51￿) 1.260 14.011 3.375 4,180 4.635 46,497 1,091 2,718 85 500 1,000 19,114 135,7251 1,575 16,000 31.000 9.983 655 2.339 5.523 4.477 778.496 854,624 778.496 {814,2211 82.912 (108,0971 15,218 Unrestricted funds: Designated lottery fund 50.000 141.1651 8.835 General fvnds Total unreslricled funds 5102011 5,102,011 2.555 113 2.605.113 3248316 13,289,481) 1080811 1.080.811 5489619 5,498A54 Total funds 97 578 A fund held for the Oxford Palliative Care Netsvork was transferred to He￿n and Douglas House Children'5 Hospice under a TUPE agreement. During the year ending 31 March 2024 The Buckinghamshire. Oxfordshire and Berkshire Wesl Integrated Care Board IBOB ICBI. as the organisation which evolved from the Oxfordshire Clinical Commissioning Group ICCGI, released 8ny reslriclion on grants awarded to Kalharine House Hospi￿ Trust by the Oxfordshire CCG in March 2021 and March 2022. 34

1. Operating lease Commitments payable as a lessee The charity's total future minimum lease payments under non-cancellable operating leases were as follows.. 2025 2024 Les5 than one year One to five years Over five years 138,559 67.583 143,959 236,783
2. Commitments including grant commitments As at 31 March 2025, the charity had no capital commitments12024." £nill. During the year, Katharine House Hospice Trust entered into a Ihree-year agreement with OUH lo provide funding of up 10 £1.2rn per year for hospice and palliative care services. funded from ongoing fvndraising acb"vilies and reserves.
3. Contingent liabilities Contingent Ilabilities As al 31 March 2025. the charity had £60k of estimated tx)ntingenl liabilities12024." £50kl. There has been some movement in the structure of Ihe hospice building that we have worked lo stsbilise. ￿lIe slruclural engineers. opinions advise it is not a Serious problem, il is difficult to plan ft)r any remedial work or to estimate the financial effect of any work that may be required. Any expense will be met from reseNe5. The charity also has eight lenanl repairing leases within our relail operations. There are only minimal current dilapidations bul there is a conlingenl liability for future dilapidalions. Considering the expected condition of each propety at return land using rent as a proxy for the sEe and initial condits'onl, the conb"ngenl dilapidations liability is estimated to be in the region of £60k This fepresents an increase of £10k over the last year to allow for inflation.
4. Related party transactions There were no related party transaclions12024.' £nil}
5. Taxation The charity is exempl from corporation tax as all its income is chartlable and applied for charitable purposes. 35