COMPANY REGISTRATION NUMBER 02519173 Francis House Family Trust Company Limited by Guarantee Financial Statements For the Year Ended 31 March 2024 Charlty Number 328659 CHAMPION ACCOUNTANTS LLP Chartered Accountants & Statutory Auditor I Worsley Court High Street Worsley Manchester M28 3NJ Francis House Family Trust Company Limited by Guarantee Financial Statements Year Ended 31 March 2024 CONTENTS PACES Members of the Board and professional advisers Trusiees AnnuAI Report 2to16 Ind¢pend￿l Auditorfs Re￿)rt to thc M¢mEus 17to19 Consolidated Sialemenl of Financial Activities (InCOr￿)rating the inLome and expendi￿re account) 20 Consolidated Stat¢m¢nl of Financial Position 21 C()ns0lidated Sialement of Cash Flows 22 Notes lo the Financial Sialemenls 231034 Francis House Family Trust Company Limlted by Guarantee Members of the Board and Professional Advisers Reglstered ChArlty Name Fran¢is House Family Trust ChArlty Number 328659 Compony Rtglstratlon Number 02519173 Reglstered Offiet 390 Parrswo(xl Road Didsbury ma￿Lh￿ter M20 SNA Truste Jane K¢mpler (Chair) Dr Susan Kirk Dr Susan O, Hallordn Judith Amii%i-Kh(MJadad Charles Ledigo Vijay Srivastava Dr Andrew Taylor Aysha Rangrez Dr Edward Gasiorowski RLV Joseph Carney Lamonn ()'Ncal Secretary Rev'd David Ireland Audltor Champion Accounianls LLP ChartLYcd Accounianls & Ststutory Audilor I Worsley Court High Str&t Worsley Manchester M28 3NJ Banker9 Virgin Money Market St., manlhl￿¢¢r Ml IPW The co-op￿St1Ve Bank POBox250 Skelmersdalc WN8 6WT Soll¢ltori Pearson solicito￿ & Financial Advisors Ltd Hollinwo(Ml Businw Centre Albert Street OldhaTn OL8 3QL Investment Advlson Redmayn¢ Bentley 3 Hardman Square Spinningfields Manchester M3 3EB Francis House Family Trust Company Limited by Guarantee Trustees Annual Report Year Ended 31 March 2024 Tlie Tru4lccs, who are a150 din*'tors for the PUTW)&cs of company law. pres¢nl Iheir report and Ihe financial statements of tl)L' Lharity for th¢ year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DETAILS ReferenLL' and adminisfralive details 4WL' shown in the schedule of of the boJrd and professional advisers on page l of the finan¢ial slaiements. THE TRUSTEES The Trustees who.served the charity during th¢ perinn O'Neal {resigned 05 (ktober 2023) {resigned 115 October 2023) (appointed Chair 05 (kiober 2023) {apw)inled I l May 2023) Trustees Recrultment and Appolntment Tru%lees dfL n(IiniiiaiLd hy thL exi%lin&y Trust￿S. They retire by rotalion Cvery Ihrcc y¢ars bul may offer thanselves for r￿cl￿tion. Trustees are dppointed wilh a view lo providin8 a variety of skills. culture, age and gender. New Trustees are appraised of the Philosophy of the TTUSI and arc issued with an induclion folder which includes the Charity C.ommissinn publicaiions and guidance. Thc Secretary lo the Trustc¢s arranges for individual induction sessions on commencement of appointmLnl and for annual Iraining &￿S1onS ic? which all Truslcc5 are invitd. Francis House Fgdmily Trust Company Llmited by Guarantee Trustees Annual Report IrLuJrfrtMed) Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT The FrdnLiS House Family Trust is a Company Limited by GuardDtee and does nol have any share ￿pital. The Association is established for the pur￿seS expressed ID the Memornndum of Association dated 5 July 1990. Trust N4me Tl)¢ Rainbo￿ Faiiiily Tn]s1 ivas eslablished in 1990 10 build a children's hospice. On completion Ihe building was numed 'l.ri£ nLiS I IDusc' In cotnrn¢mi)rJl¢ Ili¢ saLrilice mad¢ b). Ihe Sisters of ihe fraiiciscan Mission uf Si. Joscpli iylio gave up thcir convent to bc converted into lh¢ Hospice. In 2012 the Trust was regi51cred under the n¢w name of Francis Huuse Family Trusl at C.ompai)ies Hou5c. The n name Lonlinucs to highlight Ihe facl ihal 'family' is Ihe c¢ntre ofcveryihin8 Ihlll ive do as a Trusl. Organlsatlon•l Structure and Mon•gemenl Tlic TruslL¢S 4ervL' ()n thL Council of Managemenl who med quartffly. A General Meeling is hcld annually. Gcner¥l nperdli(Inal decision5 are made by Ihc Chief Executiv¢ Officer and Dircclor of Care willi referenLe io the Ivllowing Trnsiees sub-cimimiltL*S. FinanLe Fundraising ()Il)Lr svb-cc)mmilleL% m¢¢t as rL4uired io assisl wilh decisi￿ making relating lo thtngs such as ethical and medical 11)atlers. Terms of Referenee Reserves policy de¢ision% 8r¢ a mailer for the Trust¢LS mcetlllg. OpLr#li()nal fin8nLL dLX'i%ions arL. dclegaied li) th¢ Finance %ub-ci)InmltlL￿'. All iontraLls rL.laling l(} fuiidraising upcrnli()ns dre lo be referred lo ihe Trusiees. R¢v¥iiue decisic)ns are to be dLILguiLxI li) thL. FinanLC sub-Lommittee. All d¢Lisii?ns whiLh iiff¢xl Ihe legal, ethi￿1 or philos(yhical slatus of the TNsl are to IK rL"f¢rrLd io the Trustees CounLiI c)f ManageEna)l. iv) PUBLIC BENEFIT The Truslc¢s have ensured that Ihey ￿Try out the Trust's d)jeciS for the public benefit and have in accordanLc with scclion 17 Charilic% Act 201 I had regard io Ihc guidan¢e publishcd by IhL' Charity c.ommission on publiL bL￿￿rI¢ wlien exerL'ising pow¢r8 or duties wh¢r¢ thai may relevant. Frdncis Hi)use ionliiiucs t() bL'ncfit cliildren and y()ung people with lifl limiting and thrL'alening illn155es and pr()vides supw>rt and short icnn care for their famili¥s. Our ALhiLvem¢nls and Perforn)ance lo date as set out in this repom demonstrdte our Continued commitmenl to publiL service. Francis House Family Trust Company Limited by Guarantee Trustees Annual Report Year Ended 31 March 2024 OWECTIVES AND AcfiviTIES FranLi% H(iuse exists for ih¢ provision of appn)Pri¢ltL re%pitL LarL, ¢motiunal sUPPOrt and end of lifc care for childrLn and young adults will) lifL ihrL¥iening or life limiting conditions and the supEx)rt and ¢are of Ihcir families. Our phi14)sophy Lomes from belivf in the sanctity of life #nd the dignity of the individual. We aim lo hLYr, respect and value every mvinbcr of the fainily individuals with their own necds. Care is availablc lo fainilies rcgardle&s of faith or cultural baLkgN)unds. Our aim is lo care for ihL' sick young and their faniiliL% Ihcy and tlieir fainily wish. We car¢ for young adults in th¢ ways that they diclate or as is deemed in iheir Ivt interest by the rel¢vanl advocate. Physical, social, ¢moliono1 and spiritual needs are considered n￿eSSary elemen15 in our holistic care. One of our priiiLipIL aims 15 to ¢nablL the young PLX)plc lo live life as fully as Ih¢ir Londilions allow often helping ihem to fulfil drc¢¥m%. Many Of thLse drtrams are experiences that most of us lake for granted in our own lives but can be diificvlt to a¢Lomplish when coping with a serious physical conditiim. Frnncis I Inus¢ togcihcr il'iih ihc oiher I'hildrcn's, I lospices is al IhL f(?rcfronl ofsp¥cialisl palliiiiive Ldre pmvision and syinpii)In Lontr()l. Wc care for young ￿0P1¢ with a widL' fdng¢ of complex and oft¢n undiagi)osed condilinns. Unpald Siafflvolunteers Uiipdid sldll- und v()luntL'LYS havc been e&sential to Ihe eslabllshmL￿I and opernlion of ihe Hnspitt. Volunteers have helped within IhL' Fundraising Offi¢c in Francis House its¢lf an(1 in Ihe shop. In addili()n, amund th¢ North Wesl aiid bey()nd individuals and groups of volunteers volunteer lo raise fvnds and inforn] the wider communily about ihL' charity. A4 WL, havL. hL'gun l() rLX()ver fr(?m IhL L.ffLXts of the C.()vid Lrisis we have i￿g￿n ID reconn￿1 with the voluiiteLYs wlio hud iK'L'n unablc Io LX)mL' into ihL h()%PiCL' ()r take part in .4uprffjrt groups. Maiiy L()nlinuLd i() dssisl willi fundr#i4ing in ihe L(Immunity during thL' Lrisis raising much nL*xl¢d funds. The Lhafiiy shi)p r¥()penLxI in 21122 in new prLYniscs and voluntLvs havL¥ MurnL￿ io assi%1 with IhL rvniiing of the .%hi)p and with variDus 'p()p-up' v¢i)lurcs. V()lunl¢Lrs hai'l bL"en of great assislancc iviih Ihe fui)dr4ising i'enlures pJrti¢ulurl)' ()ur Easter chick Lampiiign. the chL￿hIrL. thre¢ peak8 walk and the Ball. Wc have been glad i() introduLL S(IinL v()luiil¥ws to as5i%l with kitLh¢n dutie4 al wcckends and on rK'casions such as MLl11ory Day and Open Days. In addilio volunlLLY¥ froni across thL North West havL' conlinucd to &UPlM)rt us Ihn)ugh their own fundraising activities and inf()rniing the wider L(Immunity alM)ul IhL Lliarily. St4ff ThLre 8re 55 full lime equival￿1 mL￿n1￿y$ of the Carc T¢8m led by ihc c.hief Exe¥ulive and Director of Car¢. Qualifications in¢ludc RcgislerLbd SiLk ChildrL'n's NursL'S. Regislered (icncrdl Nurs¢b. Regislcrcd Learning l)i.%abilily NurSLS, Play SpLLidli41s, OL'Lupatii?nal ThLrapisl.s. Nursery Nurses. Teache￿, Teacliing A.%sislanls and Si)Lial Work¥rs. Tu MLL'I IhL L'VL'r iiicreasing Llinical complexity i)f the care we aim for 70 /0 ofthe Care Team Ii) iK' RL'gislered Nur5L&, wilh a minimum of two yeaTh posi qualification ¢XlKYi¢llLL. Many of the Care Ti*m have addilii)ndl qualificali(Trns or rol¢ SPL¢ific training in IK'rL'avLThent support. emotional supportj palliative care and community nU￿ing. An¥ill¢lry (Ind Support staff in¥lude- In House Fundraisin and A￿Ount l Deputy lo the CEO {who is also a 501icitor) 2 S¥¢r¥laries Re¢eplic)nisl Chef Catering As8isl8nl 2 Mdlntenance 5 D()nlLSticlHouseke¢ping l Gardencr 5 Fundrnise I Publi¢ Relations Officer l B￿kkeepLy l B￿kkeePIng Assislanl I Shop Manag¢r Francis House Family Trust Company Limited by Guarantee Trustees Annual Report IroMliM*td) Year Ended 31 March 2024 The Tradiiig Subs'idiary which provides Residenlial Care with 24 hour nursing care at 2 properties, 463 Pa￿SWOOd Road and 92 Barcicroft Road. There are Lurrenily - l Registered Manager l H()us¢ Lead (Social Worker) l () R¢gistLred NursL' l NursL A.%SOL'iale 21 Care Assistants There are 211 fv11 tinie equivalent members of the Care Team at 463 and 23 full lime L4uivalLml mwiibers of the Care Team at 92. Since ils inL¢ption FrdllLiS House h85 ￿lled on the scrvices of visiting G¢n¢rdl PraLlilioners who also have special iiil¢i'¥si in I'aLdidlric l)ulliaiitrL (".or¢. Sincc 1995 there liaie bccn four doclors ivho hai'c sh¢￿ed ihc 'On￿all" Iluli¥s und Lsl4iblisl)ed a r()l¢l for dail). visits. 'fhrcL i)f Ihc (IP'S havc iYork¢d for E.'rancis I lous¢ fnr mw have two psychoiherapisls who WOTk io pmvi(le support J days each week, for fainilies and staff whil have purticular p8yihi)l()¥iLal and emolional nceds (partiLuIoTly whcrL. dLL'P Irauma has bL*n eX￿y1¢nLelI}. OIIL P%yLI)i)IIIiYdpi%I pr(JvidL% additional b&spoke SPCLiali.scd irninin8 lo memlK'rs ()f ihL Emotional Support and Siblin&J Supp()ri stafl.. WL n()w havL' ali addili4)nal Ci)unsL.Ilor who works spccifically will) ¢hildrei) and tLLIIII¥Lr%. There is ati OrduinLd RL'Ii8iOUs Minister on silc fivc days a week and on ￿11 out of houTE. Our chef caters for all dietary nL*ds (both di¢lary and culturnl) there are 81s0 fH¥ilities for famili￿ who wish tcl Look for thcmselves. ThL' ¢hefs work on a scven day rota calerin8 for lunch and ev￿1ng meals. Addlllonal Servlces 3 group5 pmvide quppnrt for siblings of silk children. Sea50n5- bUPPOrts broilicr5 sislcrs into their early le￿$ Shining Stars - provides bLYeavem¢nt support for bri)Ihers and sisiers whi)s¢ sibling has diLxI Sh(>oiing Stars provides a 'Keeping in toucli" ￿[VIC¢ lor young wpl¢ iylK> liai'e been tlirougli Ihc Shining Siars pmgr¥mme. Emoli()ng15UPPOrt is provided in three w8yS- Ber¢avLment suppurt Support for young adults who are struggling emolionally with their deteriorating conditions Support for young people with complex n¢¢ds unable to articulate their sadness The Homecare T￿M provides sUp￿rt in the bome and hospital and eslablishes first ¢onla¢t with families whose referrdl has been accepted, they alsa manage day¢are visits for people who are ncw to the service. Thc Ilom¢Lt)re Team also arrange'ad hoc" supN)rl gmups for parcnls ii'ith ioddlcr5 and iviih teenagcrs. Francis House Family Trust Company Limited by Guarantee Trustees Annual Report (c¢wliMwdJ Year Ended 31 March 2024 STRATEGIC REPORT ACHIEVEMENTS AND PERFORMANCE Folluwing the COVID-19 pand¢mic. Francis House rev1¢w￿l tlie serviLlX W¢ pn)vide for the families and thc way in whiLh WL %upporl ihem. M￿Y ofthe young peopl¢ foil¢d io have necessary mcdiLal proLLdures during ihe "lockdoiiin" p¢riod and Ilicir SUp￿)rt need& 4md th¢ am()unl (If clinical inpul has Chang￿ considcrably. We Iiave LuntinuLxl to give incrL'ased supp()M in the hom¢, l¢lcphone suppirt and invilalions to grovp supwjrt S￿l0n$ on a day¢tt￿ b&sis. We continue lo r¢¢ruil n¢w 51aff io allow us lo Op￿ more WroOn￿ for ovcrniglit respite slays {w¢ are Currently only able to op¢n 71)ed¥ forovemi8ht r¢spil¢ slay5). Repldcing slaff who have retired or moved to other wsls is ll ¢onsianl concern. pHrti¢ularly R¢gisterul Nurses as England as a whole has insufficienl suitably qualified nurKs. Traiiiing new sloff in the 4)ccialisd skills requird for our work h&4 twi a ￿￿jor pmj¢L'I and we arc extreniely graiL'ful iiTr our scnior statTand particularly the Education T¢am for iheir unr¢miiiing WO￿ ()ver Ihe lasl year. Upgrading ¢quipm¢nt has been a priority durin8 this y¢ar w¢ ￿Ve- Renewed S¢ns(>ry R(K)m Equipment. Purchascd a Themiamix fo(xl blender a￿1 training fur the chef to allow bleThJal diels ti) be preparcd for Ilie youn8 people ()n %ii¢. 2) 31 41 51 6) 7) 8) IinprovLuI Ihe CCTV sy51cm and general s¢¢uriiy. Furni.$licJ IhL n¢w PJychothLrdPiSts suilL. Add¢xt n¢w Inf(irnialion Te¥hnology Lwuipment. RLplacL%I th¢ 51aLkublL ihairs in th¢ hall. R¥TrlaLLYJ refri8Lralors in ih¥. kilchen. PurLhased twcb new ¢han8ing beds. Full(Iwiiig IhL lalthl reseorch co￿led oul by manCh￿¢r University (kirk-pryjmachuk 2024 siblin8 $ludy PaPLr Palliativ¢ Ml￿lL1nty) w¢ liav¥- C.(TriiiplLILbd th¥ Lyuipping and furnishing of lh¥ PsyLIK)thernpy r(M)m5. ReLruilLYI a C.ounsL.11(Ir wh() 5PCLIalisf￿ in w(Trrk wilh ILYnagers and ynung adulis. Incr¢as¢d SUPEK)rt group frwuency fur te¢na8clyoung ￿￿11 Siblings. A5 pl￿nn￿] we recruitLxl two full lime Play SpecialiM5 lo assisl Care Team wilh preparation for Aci1vili¢￿ and freeing Care TLam mLn)bcrs f()r tliLir c.linical Duli&s. The Play Speeialisls share bkills wilh c)Ih¢T Care Team membcrs and cnLourdge them to plan inler¢siing And exciting aclivili¢s for ihc young pw)le and their siblin8s (young pa?pl¢ of all ages). As proEx>s¥d we reLruiled a dLxliiaied Edu¥alion Nurs¢ byl unfortunately this did prove suicessful and th¢ d￿lsiOn lias been Idken lor iwo S¢ni()rs lo manag¢ Ed￿ation inhouse for lh¢ fOrL￿¢￿ble fU￿re. Having Iri￿ unsUcL&￿tU1IY lo ap￿]n1 a suilable grou￿tWOrker we have TLMiiid a Gardener lo join the Mainlenance Team, he will Lumm¢ncc work in April 2024. TIIL Bi)ilers sL'rving IhL original hospice reachd ihe end of their life (th￿. h￿1 been Ik)natLxI fre¢ (?f chargc wlien the HvspiLe construc1￿). Foll()wing a gcncrous domalion from a grdnl mdking trust we were able li) inbiall n¢w cner8y e￿IL]en1 txTrilcr plant in line with our Envift)nm¢ntal Policy. This h&5 significanily r¢xluced our annual fuL.I costs. We have bwi well Serv￿ by Champion l.T. over many years but our l.T. neals hav¢ increassj and they were unable to cope witl? tlie expansion in our Infomialion Technology requiremth)ts. A new provider was anKTrinted in January 2024 10 factlitate the new d¢v¢lopmcnt& FrarACiS House Family Trust Company Limited by Guarantee Trustees Annual Report (rortiimued) Year Ended 31 March 2024 Tlie new Neiwork Ilas had to b¢ (kveloped 10- Allow u5 to change the tel￿h0n¢ sy5t¢ms lo allow for the ¢hAnge from corn services. Allow us to move fmm pap¢r based c.are Plans l() digital. In addilion to the new Lwuipm¢nt and ii)frastrncture requirements tlierc has b¢¢n consKlerable tim¢ rwuinxl for digitali5ing Care Records 8nd training all Care Team and Adininislraliye Staff. The new system is s¢lwlulttl tv 80 (ully liv¢ on Ill April 2024. Th¢ lundraising l¢am has beL'n busy and a new paid inlern psl was es1ab1ish￿j wilh lh¢ hope of irdining uur own fundraisers lin view ot. ili¢ ditTILuIty in rL¥ruiim¥nl). F()11()wing an intLnial ￿1V￿rtiS¢l￿enI one of our fuThlraisers w&s promoied lo Senior. F()11()win8 IhL r￿￿IgnatIon of our Events Organis¢r a new Events person has bLYn rccruilQl. ()ur Iraining Digiliil Marketing Assisianl conipleted her iAining course 'C¢rtific#te in Digital Marketing" finishiiig iyiih a Dislinclion. Highlights ol'theiT year have been - Eust¢r CIIiLk cainpaign MunLhe8lLr and L(in(knn Runs FLs1ival (If Christmas TrLx MLlllOry Lights an¢J C.hri%lm&8 Siory Events Our firsi fomial Will WLx.k In addilii)ii l() IhL &lx)VL ()ur Trading Stsbsidiary. FranLiS H()usL Families Lid., ha5 workcd t() fully r¢¥'ruil and Iraiii a tull %taff ILani aiid ()2 is n(Iw fully ()LLupi¥xI and making a signifiiant differcnLL to il)¢ lives of thL rthiduiis. (T])is housL is Ivr youn adult% with lifL limitiiig/ilirLYtLning L()ndili()ns who havL L￿treM￿]Y complex nei7ls). WL liavL Larr1￿1 our cxlernal maint¢nan¢¢ and decoralion to 463 our other re5idenlial property. Francis House Family Trust Company Limited by Guarantee Trustees Annual Report le￿Il￿￿e￿} Year Ended 31 March 2024 FINANCIAL REVIEW INVESTMENT PORTFOLIO The trust conlinues to us¢ th¢ s¢rvic¢s of RLxlmayne BLmtley as our Investm￿¢ Monagets. During the last 12 Tnonihs Ih¢ fund h&8 risen in value by 8.83% comparal lo an increase of 8.8￿ in Ilie benchmark (which is the ARC. SILady Growth Privat¢ Cli¢nt I￿leX>. During ilic pLriod tlic wrtfolits has g¢n¢raied of £512,899. The Tru81 fund carries a ¢ash r¢s¢rve. Wc have neial to keep som¢ ¢&sli uninves1￿1 io &s%i%l witli casliflow and to manage nur various Liipil#l proj¢clS. Currcnl instrnctions to ihe InvL%tment manager 4r¢ li) keep £50(1,(K)O cash in RESERVES POLICY The reserves held al 31 March 2024 amoun1￿ 10 £19.131276 (not irK]￿lIng tangibl¢ fix¢d ass¢ls). The Trustees ￿.11¢v¢ Ihai the level of reserves held. arc requir¢d io hon(Jur iheir commitment to care for tlie ¢liildr¢n ibal Il)ey luok uftcr for tliL duralion of their livLs. OvLr rcccnl ycar% advancu in mediLal s¢ien¢¢ hav¢ ¢xi¢nd¢d ilie lives iiicrea.sin8 th¢ fuiidiiig nL¥il¢d lu mccl tl)osL' commilin¢nls. a￿1 in ordcr l() tliusc fu￿ting rLwuifL'M￿lS ili¢y hav¢ approv¢d ilie follnwin8 r¢vis¢d r¢S¢rV￿ wlicy. The Trusiees feel ihat it is prudent lo target 8 minimum level of free unrestricted reserves $uffi¢i¢nl lo ¢ovcr the full ()pcraling ¢osts ()f th¢ hn$pi¢e for at lea51 two years. A lar8c perccntage i)f the funds rnisLMI w¢ by way of th)natM)ns, fundraising 8￿j l¢84¢i¢s which cannol bL' ￿]1¥￿1 upDn, Ilie lasl f¢w y¢ar¥ IiuvL 5LK'n a r￿JUCtK)n in fu￿1 rdibing evenis du¢ In ilic Pand¥mic aThl eci)n()mic situali()n. G()v¢mmMt fuiidiiig lom?s a IDmall¢r p¢n'¢ntug¢ of th¢ ovcrall fuThls raisd bui is noi guoraniLrd in the longer terni. Altl)()ugh iusls Iiave slayuj undLr coniftTrl lh¢ Charily will over the ncxl few years s¢¢ l#rg¥r In¢￿&$c5 in stall. ii)%ls duL to Wdge inflalion, having t() nffer competitivL' Packag￿ to lielp ￿'1￿liMent aThJ increase in nuinbers to ensure tl)dt iliv HD%pi¢e and all ol. Ihe.*rvicL* il otTtts Ar¢ run at full LapaLiIy. Th¢ Truslces bclicvc further reserves sknuld be maini8ined io guard again¥t Ihe uncLYtainties facin8 th¢ H(i$picc as outlincd abovc. TIILY L()n.4idLr ()n¥ y¢ar5 running cost5 anliLIpai￿ icb be eirca £7,51M).{K￿ pa hy 2025 t() be an appftbpri&le level of reserves. There 8r¢ olso plans for significanl Lapital exp￿dIlure ov¢r lh¢ ncxi fcw yLYrs in order to maintain and ext¢nd tli¢ 5¢rvi¢es offered by the H()bPILe. The TrnslLYS also feel that a refuthisluncnt res¢rv¢ shiTruld be providLxI io cnsure tlic Hospice lacililios mainlic ined at the Lurreni high Slandard. The free unreblri¢t¢d ai 31 March 2024 amounied to £6.333.381. Francis House Family Trust Company Limited by Guarantee Trustees Annual Report Icovrfntsed) Year Ended 31 Marcb 2024 Reserve not¢ DefiLiI budget fuDd £ 8,0(M),OIXI Sp￿lfIC capitAI expeiiditure fund £ 5.¢XM).IMM) Fr￿ reserves £ 6333381 Total unrestricted desi8naled funds £19,333.381 Unre8tricled tangible fixed as$L￿s £ 7.452.226 RestriLted reserves 77.fA)O Tiylal reserves Francis House Family Trust Company Limited by Guarantee Trustees Annual Report Year Ended 31 Mareh 2024 PLAIYS FOR FUTURE PERIODS We are continuing to grddually grow our Care Tcam numbers in spit¢ of the Naiional shortag¢ of Irained staff. WL fL'el that WL arL' maximising our rosources for the benLfit of the families on our roll at a time when oihLY similar serviLLS. both Statutory and Vi)lunt&ry fundal are operating at a much lower ￿pacity. Many ()f ()ur youiig people have bLL'n unable io have ne￿$sary surgical procedur¢5 due lo the silualic?n in ihe Nalional H¢alih SLYviLL ihcy have high¢r CliniLal neLxIs. As WL appma¢h a General Election w¢ are uncefiain alM)Ut th¢ fiilure of our Grnnis frum Public Funds which acLthunt for approx. 15 /0 of our income. We musl however Continue lo provide the valuable holistic care that is so vital to the 6(kn familith on our roll. During the lust year 44() families have rLL'L'ivcd some fonn nf *up￿)ll fri)ITJ Francis Hi)u8¢. Iliis has inLluded rispil¢ stays, Cinolional and psyLhologiLal supbxirt, homeL'arL' and dayLarc, cnd of life care, telL'pl)oii¢ support ai)d as%islance with social, fiiianLial and IL¥al problems. 137 families have rLLcivd ov¢rnighi respitc %luys in the last IwelvL Inl)i)Ihs. It continues to b¢ our aim lo offer a millimum of14 night.s rcspiie to families on nur roll this equates to havin8 14 beds. availablL. ThL shortage of availablL Larcrs means thal WL. Lan only open 718 riM)Ins. Wc aim ID continue sieady rffruilm¢nl and the aim is to b¢ able lo ()￿ 819 IxulnM)ms by M8r¢h 2Q25. Our Hc)mLLare Ji)¢J DuyLarL. SLfviLwD ¢l)nlinuL to devL.IiTrp and iyur aim is eVLniually to bL' ablL la ()ff¢r End lif LifL C.arL' ii) IhL' y()ung p¥rM)11s hi)mL if thai is iheir ¥haicL.. Wilh ihis in mind WL. wish lo cnrol an(?IhLT Ineinl)er of %laff i)n the University MastLrs l¥v¢l - PrinLiplos (Jf PallialivL C8rL' f()r childrL￿ and Young P¢()plL LN)UPiL. Thc Digital Care Plans will Iw)me live during the next year ( I st April 2024). We will LonlinuL lo upgrade profiling b￿$ and maiiresscs (including Air MaltrL%ses). This is to include a l()nger bed for tall y()un¥ ddulis. Having secured grdnl aid trom a charilable trust wc will insiall Lharging p(>inls and purL'h8sLI two clcclri¢ cars f()r the use (Trf the Hi)ni¢idr¥ and Care Team to r¢pl4Le Ihe Lurreni pctrol Vehicl￿ (This is in line with our commitm¥￿1 lo our EnvirorkjnL￿t￿l P()liLy). The long awailed rLylacement baih tubs are lo be installed during IhL coming year. The new gard¢nerlgroundw0￿lT will ￿mM￿Ce wo￿. In January 2024 th¢ CEO gave notice of his refircmenl during 2025. The Trvslees have i￿gUn the pro¢ess for r¢Lruiting a successor whi) sh()uld be ap￿In¢L￿ at tlie Annual G¢nLYal Mccting in (kiober 2024. io- Francis House Family Trust Compydny Limited by Guarantee Trustees Annual Report lethiiinuedj Year Ended 31 March 2024 FUNDRAISING AIYD PUBLIC RELATIONS We Lonlinue lo look al new ways of involving the Community in Fundraisin& We are working hard to develop partnerships with Corw)rale s￿)ns0T4 we Are also aiming to involve increasing numbers of Community Groups in Fundrdising. W¢ liavL bl￿LfIllLd from th¢ sponsorship of Morrisons SupcrtnaTket chain who havL SUP]X)rttsJ us Illruugli over 30 of Illeir supcniiarket ouilels in a$s￿ldIlO￿ with Togciiher for Short lives. This scliein¢ will L()me lo an end in OL'tobcT 2024. ThriTrugih TFSL a new three year sponsorsl)ip has bel￿ Lommenced witl) Ihe Peninsulur Group dnd WL will partner with thLir IoLal offices. The M()rrisons schcmc ha5 raiseil £135,LNKI ovcr lh¢ 3 years and we exP￿t th¢ sum to be in the ￿810n ot'£200,IM)O by OLlI)IK'r. Our Programm¢ of events for the Ncxl Year alr¢ady includes - TIIL ThrL'L PL'dks Walk A furtliL'r TrL.k (proposL￿ for Sep1¢m￿rIOC1obcr 2025. hop¢fully in the Pyrenees). ThL KnitlL(I Chick L8inpaign Li)iid()i) uild M#nLhesl¢r Runs G()Il' Day LadiLS LunLh Clirisliiia4 Story and Mcmory Lighi evails C.hrisiin#s Ball (new VL￿uL) Winter W#i)dcr pr(Igrdmine. FLStival Chri41mas Trw SuinmLY Dr41W W¢ LonliiiuL lo monitor online and virtual events. WL afL ¥(Iiiliiiuin¥ to upgradc our onlin¢ donation plaiforni. Duriiig the lasl yL'ur WL havL ￿￿1111￿]s510ncYJ and prii)l¢d our Ix>ok recording IhL History of Frdncig Hi)u8e. The Ix)ok ¥iiliilLd"A Worthi%'hilc I rror" is noii availablc li)r sale and i%'c ivill bL' promtsling il across Il)c various fonns ()r n)cdia. Having held ()ur fi￿1 l)estKikc Will Week last year this will be repeaid during the coming year. WL Lannol 5uffi¢icntly expr&%s our grnlilude to the many loyal volunicers, dedicated donoTS and corporote sp()nsi)rs who hav¢ cijntinued io support us and helped us lo provide our much needed servi¢¢5 during a difficult economi¢ period. li Francis House Family Trust Company Limlted by Guarantee Trustees Annual Report f¢•nliMweAI) Year Ended 31 March 2024 PRINCIPLE RISKS AND UNCERTAINTIES All areas govL'ming thL hLalih and S¢ifL'ly of thL Lhildr¢n, young adulis and fainilies using Frdncis Hou4L aiid a150 of IhL and v()lUntL￿'rs, ar¢ rcviewed and a monitoring systein is in place. Particular attention is givLii lo mujor risks which wnuld prevent or restrict us from Achicving our objectiv￿. These include: Personnel Employmenl legislalion Operdtional risks e.g., Fire. Intruders. Data Prot￿li0n. IT Failure L¢&yal ULtion Funding failure Eci)i)i)mic cycle Public image In order lo managL risks idenlified Frdncis Housc retains ihe services of.. Pearsons Solicitors who act as advisors on petsonnel and employm￿1 issucs. RedmaynL Bcnilcy engage(I lo managL> ihe Charitits inv¢stm¢nts. We retain Ihe services of: a) TIEVA I.T. os spccialisis lo advise and manage our l.T. systans b) ALtive Bu%iness Ci)InmuniLalic)nts lo advise and managL i)ur land and mobilc tL.IL'phi)ii¢.%yslems L) InlLlligLiiI C.i)iitn)l% tl) iidvi4L' on digiial media %y%lL'in8 dnd inlclligcni envir(inmLntdl LOlltr()Is d) RLa%i)n Digiial who managL' IhL wcbsile el Ciiaiii)n l() advisL c)ii all Hrdlih an(1 Safety mattLYs (The buildings arL' Inspect￿ regularly 8nd maint8inLd lo a high slaiidard Ihri)u¥hi)ul IhL ycar). CLINICAL RISKS ThL H(b%picc is regisler¢d a¥ an Inde￿dent Hospilal and inS￿￿lLxl as SULth by IhL. CarL' Quality C.oinmi>si()n. ThL' DirLKlI)r of c.are and the CEO drL' participants in ihL LoLal IntLlligLnL¢ Network ti)r C.i)ntrolled Drugs. The Trust Illdinliiin% pr(bfL%SiC)nal indLinnity in¥urnn¥e all of ihL nurscs in pcrnian¢nt ¢ynploymLnl. RELATIONSHIPS WITH OTHER PARTIES Every effort is made lo work ulongside oiher I￿al healthca￿ providcrs. SPLYialisi hospitals, ga]erdl pr8¢lilicinLrTr. Lon%uliJn15, and community nursing l¢¢im5. ThL' HospicL participat&% in the North Wc%l Palliative Care NetWOTk. Sp¥Li¢ilibl C()nsulianis arL' invitcd Lo speak al th¢ D()ctor5 medings. FranLis H()U5L has always tried io mainlain gcxxl r¢l8lionships with statutory providers. li is our aim io improve the referrdl pruLess and lo work Lloscly with NHS pr()vid¢rs for the gre41ler g(KNJ of the families. FrunLi% House tnainlains membership of: _ i) TI)&YLxhcr for Short Lives - the natii)n41 ¢0-ordinalor of childrcn's palliative care s¢rvic(%. ill HOSPILC UK thL' mLYiiber8hip (Irganisalinn f()r Aduli and Childreii's Hospi￿4. Thc C'.hicf Execulii'e 1.% an aclivc parlicipanl in ihe inf(>nnal gmup for C".LO's of c.hildr¢n's I14)spi¢c's in th¢ N()Mh or l*,ngland and tlie naliondl group for Cliicf Excculii'es of Cl)ildr¢n s I Iospicc5. The Dir¥cl(Ir ()f c.arc and Clinical L¢ads arL' activc participanls in - i) Head ()f CarL' mccting5 for children's h05PiLes in Ihc North of Englan(L ii) N()rth WLs1 Palliative c.are NLtwork. iii) EX￿￿1]ve CliniLdl Lcads in H05pice & Palliaiive Care Gn)up (Eclihp). iv) Senior Staff and Doctors ¢irr cncourdged to altend the eveni% and training delivered by lh¢ Ass(Kialion of Pucdiatric Palliative Medicine. 12- Francis House Family Trust Company Limited by Guydrantee Trustees Annual Report (r￿j1￿￿￿tI) Year Ended 31 Mareh 2024 THE EFFECTS OF THE PANDEMIC ON FRANCIS HOUSE FAMILY TRUST Tliough the Pandemic is now behind us we are still seeing ils effect on both the WO￿ of the TTusi and the healih of Ilie young people and their famili￿. The Trustees have continued to 8ddrl￿s the ¢halleng¢s that the Pandemic has pla¢d on our vital work aiid trid to plan (or the long-iern) consequenc&%. We have lo()ked at two significanl areas- Operdtion and Service Provisii)n FinanLial ImpuLI i) r*tlon and Servle During IIIL tW4b yLars of IhL PandLI))IL we saw L'arly rL'tirciiiL'nt and rL%ignalioii of significant num1￿5 ()f Care TLIIIII (This ha.% ni)t been SPLYili¥ l() FranLi& House bul across all HealihcarL' servic￿>. RLLruilmLnl of staff lin particular Register￿ Nurses). The county ￿ a whole is experienLing a national shortage of HealihLare profL%sionals. W¢ arc $lill exrKriencing absences of stalTdue io-flu like- symptoms ¢vcn ilK>ugh we are no long¢r lesiing. RLxNilinent of ancillary workers has also proved difficult. A4 previi)usly .%lulLd Ii)w %laff numbers are restrictin8 Ihe number of beds Ihal we can op¢n howcver we conlinue lo provide support for families in othLr ways. ThL. laLk ()f h(Ispital Ihealre spac¢ has mwdni Ihal young PLibpIL' who r¢quirLxI treatment havc nol received Ilie prUCL￿UrL￿ thal th￿ r¢quirLxl and the numbL'r of deaths quartLY has incrrased. We held our memory day as usual bul numbers attending increase each year. Whilst continuing lo providL' care for Ihc seven young PLY>pl¢ in uur Tesidenlial unli at 463, we experienced 4 dLtiihs OVLr th¥ last year and this has ¢ausd a tcmpurnry difficuli findiiiial situation whilst IIIL process for taking on nLw r¢sid¢nty was followed {Ihir¢ is always a wailin¥ lisl for Ihe rooms) and LIKal Authority payiiients have bcLn agrc¢d. Our Residential unit at 92 has now got its full complimcnt of six r&sidents. Our in huuse SoliLitor Lontinues to give help and sUPlXlrt to parents (particularly during the difficuli ￿0Th0￿1C situation) which has causd a rLyJu¢lion in Sialutory Care Provision alongside an increa5LxI cost of living. 13- Francis House Family Trust Company Limited by Guarantee Trustees Annual Report (cthrdJJ¥ed) Year Ended 31 March 2024 FIn￿ncial Im e¢ The last Iwelve months have continual lo be difficult for Charities and Hospices in particular. P05t pand￿niC il has ditTiculi lo rfrl￿gage P￿)Ple in the larger funth?ising events such as Ihc Charity Ball and people are I￿S able lo bid in auctions. raffle& etc. Bequests Luntinue to take a lon8 lime to be realised. In¢rea.4d Losls of Salari￿, fuel and servicLS hav¢ me4nl a si8nificanl risc in our operational exp￿Se5. InLfL'asing deinand fi?r i)ur servi¢es wa% ¥r(iwing bcfore the pai)dL'mic and eL'on()mic downturn folli)wing the outbreak ot'thL war in the Ukr#inL'. Our numbers have increased as other Childrens Hospice servi¢es in our region have reduccd IhLif %LfvicL%. The invcgtmenl portfolio had secn a significant reduction in value prior io th¢ slart of the financial y¢ar however things hav¢ iinproved 4inLL. January 2024. COVID-19 granls.slopped in 2022 though we have SL%n a slight increase in our NHS England grant. We have w()￿￿ hard lo keq) OVLYhe8d costs down whilst continuing to r￿rUit staff who arc vitol to our service. We havc continued to l)cn¢fil from the gencn)51ty of our many loy81 supporters and from the wider Lominunily who ¢onlinu¢ lo respond lo our appcals. It 18 diffiLult In forecast Ihe effeLI of Ihc wars in Ukrainc and Palestine. Ihe effecl of 8 GLmLYal Eleciion ()n tli¢ CL(?ni?my ￿ld on the fulurL' Stalulory grdnl silualion hi)WL'VLT ihL. Trust¢￿ L()nlinuL' lo consult with il)L'ir pn)fessioiial adviser% diid bL.Iic'vL' that miti¥atic)iis ar¢ al￿adY in place which will ¢nsuT¢ a conlinuily of s¢rvicc lo b()th cxisling and newly rL'fLrrL.d families in our (arL'. 14- Francis House Family Trust Compally Limited by Guarantee Trustees Annual Report (coMlinueAIJ Year Ended 31 March 2024 THANK YOU FrdnCi5 House is only able to 0￿rate through the Selfl￿ dediLaiion and commitmenl of many wpl¢. We cannot express ijur gratiiudc enough to ihe staff who WO￿ in and around the Hospi¢e, to our Consulianls and A550Liaies who bring thLir specialisl skills lo our assisiancc and of COU￿ to all of our loyal supporters. Mosl of all we thank Ihe youn8 people and the families who use Francis House for Ih¢iT Irusi, IhLir courage. Iheir exampl¢ and their zesi for living life lo the full - Ihey are th¢ reason thai Frnncis House and Francis L￿1ge exisl. TRUSTEES, RESPONSIBILITIES STATEMENT ThL Tru%tLL% Iwlii) ar¢ als() thL. dircLI()rs of Francis House Family Trust for ihe purpos￿ of ¢nmpany law) arL rLSPI)nsible for pr¥paring Ilie TrustLK% Annual Rep(?rt aiid ihL' financial statcmcnt% in acLordanc¥ with dPI?IILablL law and UnitLd Kingdom Accounling Standards (United Kingdom GL￿erallY A¢¢epied Accounting Pra¢li¢¢). Company Law rcquirL% Il)L Iru.slees lo pr¢parc financial statements foT each financial year wliich givL a truc fiiir VILW of Ili¥ slal¥ ol. affairs of th¢ INSI and uf the inLoming resourc¢s and applicalion of rwurces, includin8 the inL()me and expenditure, of the charilable cornpany for that ycar. In prLyaring ihese finanlial stalemenis, the TNslces are rcquirtxl to.. sL'lL￿.1 suilable a¢¢ounling policies and then apply them consistently. observe Ihc methods and prinLiples in Ihe CharitiLS SORP. make judgements and accounling ¢Siimates that arc rcasonable and pnJdLY)I; sldl¥ whLilier applilablc UK Accounting SiandaTds h8v¢ b￿n followed, subject to any material dLpartures disLII)%Ld and explaincd in the financial slalLYnenls' and prepare Ihc finuiiLial statcmLnts cin the going wn¢¢m basis unless il is inappropriate t() p￿SuM¢ that the chariiy will Lc)nlinue in opcralil)n. Tlie trustl￿$ arL' rL%pnnsible for kLLying adLNUdtL acLounling records Ihot disclose with rL¢l%()nable aLLufdCy ill any lime tl)£ fin#n¢iiil position of Ihc trust and eiiablc thLmJ Io L￿SUr(. Ihai ihc financial slyl¢ments coillply will) the Companies All 2(M16. They arc alsi) r¢s￿nSible for safeguarding the assets of the trust and li¢nce for taking rL'asonabl¢ steps for the prevention and deteclion of fraud and other irregularities. 15- Francis House Family Trust Company Limited by Guarantee Trustees Annual Report (¢o*flh*oq) Year Ended 31 March 2024 AUDITOR Clianipii)n ALcountanls LLP are decmed io be Te-ap￿]nted under wlion 487(2) of thL Coinpanies Act 21M)6. DISCLOSURE OF INFORMATION TO AUDITOR Each of Ihe Iruslees has confirnied thal there is no inforniation of which they ar¢ aware whiLh is relevant to Ihc audil, bul of whiLh ili¢ auditor i.s unaware. They have furthcr confirn]ed Ihal ihLy have laken appmpriaie steps to identify such relevant infonnalion and lo (slablish Ihal the audiior is awarL' of such infornialion. Registered olTILe'. 3()0 Parrswo(Kl R4)ad Did%bury M¢inchesier M20 SNA Signed on behalf of the Truste Janc Kempler (Chair) I O OLtobcr 2024 16- Francis House Family Trust Company Limited by Guarantee Independent Auditor's Report to the Members of Francis House Family Trust Year Ended 31 March 2024 OPINION We havL audited the financial staiemenls of Frdncis House Family Trust {Ihe -paren1 ei)lily') ￿]d lis subsidiary, (ilie 'group'l for ihe year L￿d(x1 31 MarLh 2024 which coniprise the Consolidated Sialement of Fiiiancial ALliviti¢s, the ConsolidalLd Sialeinent ol. Financial Po8iiioii, Trusl's SiaiL'in¢nl of Fiiiancial Posiii(Trn, Ihe Consolidated Sialeineiil of Casl) Flows. Ili¢ Trust's Statement of Cash Flows and the notes to the finanLial slaleinents. inLluding a sumiiiary of significaiii aLcouiiling poliLics. The finanLial reporting framework that has l*¢n appliLd in their prL'paratian is dppliLablL law ai)d United Kingdoin ALcounting Standard& in¢ludiDg FinanLial Reporting SiandaTd 102 Tlie Finan¢ial RLPUrting Siandard applicable in Ihe UK and Rcp4bbliL of Ireland {UnitL4d Kingdom Generally Accepted AcLC)unting Practice). In 4)ur opinion, the financial slalemcnts= givc d tnkL and fair view of the slate of Ihv Trust's and (iroup's affairs ils at 31 MarLh 2024 aiid of ils inLoining resourLes and appliialioii ol'resourLLS. inLluding its IllLuiiie and expenditure, ftsr ihL yedr ihcn endLd; havL bLen properly prepdfL.d in aLL()rdanLe with UnitLxl Kingdoiii GeiiLfdlly ALLepled A¢¢ounting PraLli¢e; and have beLn prepared in accordance with the requir¢ments of the Compani¢s Act 21￿. BASIS FOR OPINIOIY WL. Londuule(l our audit in accordanL¢ with Intern81ioi)#l Si#n(lards on Auditing (UK) (ISAS (IIK)) and appliLablL. law. Our rL'%p()n4ibilIli¢￿ undL'r ihoSL' slandards are further describcd in the Audil()¢% r¢%￿nSIbIlitIeS fi)r Ili¢ audit of tlie fii)uiicial %liiliin¥nl% SL'Llicbn ibf 4)ur report. Wc arL' independenl of the Tru%1 in acLnrdance with ihL Lilli¢41 requirL'inLYIIS Il)ul rL.l¢vanl to i)ur audit ()f IhL financial slaiL4llL￿lS in th¢ LIK. incluiJin8 Ihc l."RC."s l.'IliiLal Siandgrd, ￿ld IVL liave ruifillLxI ()ur othL'r LthiLal responsibililiL'% in acL()rdanLc with Ili¢sL' rLquirc'menls. We believe that the audil ¢videiiLe we I)IlVL ()biaiii¢d is suffiLiLnl and appropriatc lo providL a basi% t()r iyur opinion. CONCLUSIONS RELATING TO COING CONCERN In ¢iuditingJ IIIL. linai)Li411 sldlLillL￿ls, WL l)avL L()niludL.d Iliat the INsltts' use of ihc goin8 conLcm basi5 of acLounlin8 in Ilie preparali()n of lh¢ financial 51aiLmLnls is apprupriate. Ba8LxI (In the work we have perforn)L￿. we have not identified any material uncLYlainties relating lo cvcnls or c()ndili(Trn.% Ihal. indii'iduull). (Trr L()IIL*liv¢ly. ma), ca51 signifiLani doubi on ihe Irusl's abilit), l(1 Lonlinu¢ ab a gi)ing concern for a pwi()d of al leasl twelve months from when the fin8ncial statemcnls are authorisLxI for issue. Our rL%ponsibililics and the responsibili11￿ of the injslees with respect lo going Conc￿ are described in Ili¢ rL.levanl section.4 of Ihis r¢port. OTHER INFORMATION The i)Iher iiiformalion compri￿ the infom)alii>n inLludrt in¢ludd within the Truslees, Re￿rt have been prepared in accordance with applilable legal requiremcnls. 17- Francis House Family Trust Company Limited by Guarantee Independent Auditorls Report to the Members of Francis House Family Trust (conlinweAI) Year Ended 31 March 2024 MATTERS ON WHICH WE ARE REQUIRED TO REPORT BV EXCEIryION the light of Ihc knowledge and und¢rslanding of the trust and ils environmLnt i)biaincd in the caurse of Ihe audit, we have nol idenlificd matcridl misslaleinenls in ihe l)ireclors Rewrt included wiihTn thc .1 rustees, Report. We hav¢ n(>ihing io report in rcspeLt of the following matters in relation to which ihc Companies Act 2006 r¢quire us to report ti) you if, in Dur opinion.. adequate accounting rccords have not been kept. or rewrns ad4ualc for our audit have not bc¢n Te¢¢ived froni brdn¢hei n()I ViSiiLII by us. or sutficient aL¢ounling records have not bLYn kq)t' or the financial stat¢inenls are not in agrccinent with the a¥¢ounling nxurds and r¢turns' or certain disLlosurLS of trustees, remunLYllliC)n S￿L1r1ed by law arc nol made. c)r we havc not receivd all Ihc infomiaiion and explanations we require for our audil. RESPONSIBILITIES OF TRUSTEES A% LxplainLYI more tully in Ihv Tru5tecs' Statement of ReS￿)nSIbl]It1as. th¢ Trustees (who are also ihc DIT￿lOrS of the LhurilublL Loinpany fnr Ihl purEM)4LS of LC?mpany law) arc rcsponsible fi)r ihL' preparation of the finanLial stutLiiients and f(br bling .%alisfied that Ih¢y give a INe and fair view. and for such inierndl Lunlrol as lh¥ Iru%l¢L'4 dLbiLmiine is ne¢¢%$ary lo enable the prepardlion of financial sIalemL￿t.% that free fix)m material mis5tatein¢nt, whcihcr due lo fraud or error. In prL'pariTrg the financial st&iemenlS. Ihe trustK4 arc r￿￿nsible for asscssing the group's ahilil>' lo conliniie as a going Loncern. disc1￿%]ng. as applicable, matters rclaled to going concern and using IhL g(bing Lonccrn basis of accounting unl¢&% th¢ either intend to cease op¢ralions. or have no realistic alternalive but lo do so. AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS OUT l)bje¢lives are lo obtain reasonabl¢ assurance aboul whcther rhe financial slalemcnls as a wholc arc frcc froin matLrial miss1iilem¢nl. whLbihLr duL' tc) fraud or ern)r, und 11> issue an auditorfs repoN that iiicludes (?ur npiiiion. RLa%on#hle a4suranLI' 1% a high level nf assurdn¢¢, bvl is nol a guarantLL' tligl an audit LonduLiLYl in aLLorddn¢e with ISA.$ {UKI will always detCLI a material misstatement whcn il exisis. Mis%talcineiils can arisc fri)m fraud or error and arL' Ll)nsidLYed materidl if, individually or in ihL aggregate, they L()uld reasonably be exp￿tlY1 i() influence the ¢¢c)n()miL dLYisi<)ns of users tak¢n on the basis of Ih&se financial stat¢menls. Irregulariti￿. including fraud, ar¢ inslanccs of non-complian￿ with laws and regulalion5. We design prnLcdur¢q in line with i)ur rLSP()nsibilities, outlinLxI alM)v¢. lo dLXeL'I malLYial misslalemenl% in of ]￿egUlaritie.q. in¥luding fraud. ThL' exlenl lo whiLh our procedur¢s are capahlc of deteciing irregularilies. inLluding fraud. is delail¢d bclow. As part of our planning pro¢css'. Wc enquired of manag¢menl the SySiLYns and controls th¢ c()mpany has in place, the ar¢gs of the finanLial slalem¢nl.4 that are mostly SUSL¢pliblL lo ihc risk of irregulariliL$ and fraud, and whether the￿ wa4 any kn()wn, suspected or allegLsd frdud. ThL' Lompany did not inforn? us of any known, suspected or all¢g¥d fruud. We i)hitiillLd an undLrstdnding of th¢ legal and rL'8ulatiiry frameworks appliLablc lo rhe frusl. We delLYminLd Ihut the fi)Ilowing were miist rL.ILvant to the financial %iatcmet]Is'. Coinpaiiies A¢1 211116, FRS 102 & giuidance givLn by the Charity Commis.4ion for England & Wal¢3; and ihose which do not have a direLI effLLt on the rinancial 51atements, but ¢omplianrc iviih ivhich Inay b¢ fundan)¢nial to ihc Irusl's gbility lo D￿rat¢, which inLluile rcgulatinns rL.lating lo the Care Quulity Cotnmission WL ionsid¢red the incentives and opp()rtunitics thal exist in the u)mpany, including the ¢xlenl of management bia5. which present a w)l¢nlial for irregularili&s and fraud lo be perpctuated, and tailored our risk assessment acLordingly. Using our kni)wledge of the company, together with the disc￿S1on5 held wtth the ¢ompany al ihe planning stage, we fornied a conLlu.%ion on the risk of misslatemenl due lo irregularities including frdud anil iailored our procedures according to ihis risk a5ses5ment. 18- Francis House Family Trust Company Limited by Guarantee Independent Auditor's Report to the Members of Francis House Family Trust (conlinHed) Year Ended 31 Mareh 2024 In response to the risk of irregularities and Don-compliance witb law5 and regulations. in¢luding fraud, we dcsigned pnKedure5 which included: Enquiry of management and Ihose Lharged with governance around a¢lual and potential liligalion ond claii)Is as well as actual, suspvcILd #nd allegcd fraud- Reviewiiig minutLS ol-meeiingg of Ihos¢ charged with gc)VLYtian¢¢' A55L55iiig the extent of LomplianLe wilh the laws and regulaiions Consider￿ to have a dIr￿t inalerial effect on Ihc financial statemen1% c)r Ihe operdlions of thc entity Ihrougli ¢nquiry and in%peclion: R¢viewin¥ finanLial %lalcm¢nt di￿]05Ur(s and testing lo supp(KtiDg diK'um￿laI10n to assess eompliailce with appli¢abl¢ laws and rcgulalii)ns; PLrf()nning audit wi)rk i)VLr the risk of management bias and ovcrridc of controls, inLluding testing of journal entries dnd (>ther #dju%liiicnls for appropriatLnL*5, Lvalualing ihe businths raiionale of signifiLiiiII Iraii.£aclions outside thL nonnal Lourse of busins>s anil rL'viewin8 aLLounling ¢stima(LS for ii)diLalors ol'polLlltial bias. Ther¥ 41rL inhL'rLnt limituiii)i)s in thL audit prULL￿urL3 desL"ribed abovL. The more miiov¢Nd tl)al law% di)d rLgulali(Iiis are froin tinaiiLial transaLlions, lh¢ lcss likely il is ihal wc wi)uld bL*"Oll)e awarL' of non-coinpliancL.. Auditing slandmrds ]%() liiiiil IIIL U4bdit pro¢edurns rLwUlrL￿ tn identify ni)n-L()mpliancc wilh laws and regulation5 tu ci)quiry of Il)¢ dirLLI(Irs and ()IhLr Inanag¢Ynenl and thL' inspeclion of r¢gulatory and legal corr¥.$￿)nde￿ce. if any. Tli¢ risk of nol ￿LIL￿ti]ig a nialcrial miSstalL￿nl.nf re5uliing froin fraud 15 liighLr ihan one r￿u[tIng from error, as friiud Inay inv()Ive Lollu%ii)n. f()rgLry, inl¢iitiiinal omi.%sii)ns, misrcprL%¢ntation.s. or ihL¥ ()v¢rridc of intLnial coiiiml. A furtl)Lr dLSLripli(In uf ()ur rthponsibilili¥s for ihL audit of the financial sialemenl£ is Incatcd oil the FinanLial R¢p()rling l ()ui)cil'.8 ivebsiie al.. hiip:Iliiwii'.Irc.org.uklkiudilorsrcsw)nsibililies. lknis description l()mis parl c)r our udili)r'b r¥TJOrt. USE OF THE AUDIT REPORT 'I'l)is rLP()rt ]% niJdL soILly Ic) tlie Llidrily's iruslcL5. $15 a kndy. in accordai)Le ii'iili CliaptLr 3 ()r Part IC) c)f thL C.()iiipanies Aci 20116. Our audit work lias bL￿'n undL*nakcn so that we mighi slate lo the Lharity's tru%lcL'5 ih4b4L miillLrs W¥ dfL' required lo *lalL l() Ihwn in an auditors, rL.￿rt and for iio oihcr purwse. To Ilic tiillLs1 extent ￿mi)ItLy1 hy law, WL di) nol ULCLpI i)r yssutlle resp0115ibiliiy lo anyon¢ other than thc ch#rilahl¢ winpaiiy and the ¢harilablL wmpany, IruslLLS 11.5 a body. for our auilil work, fur thi5 r¥'porl. ar for Ihe opinions we have fonncd. M TURNER FCA {Senlor Statutory Audlior) For on behalfof CHAMPION ACCOUNTANTS LLP Chai'tereql Aeeountants & Statutory Audltor 10 O¢lober 2024 I Worsley Court High SirLYI Worsley ManchL%ler M28 3NJ 19- Francis House Family Trust Company Limited by Guarantee Consolidated Statement of Financial Activities (Incorporating the Ineome and Expenditure Account) Year Ended 31 March 2024 Unreslricied Funds Reslri¢ted Fund$ Tot*1 Funds 2024 Total Funds 2023 Note Income 8nd endowment$ Doiiations and lega¢ies Oihcr trading aLlivities Inve.%tTnent income 2.892.250 1.955.214 529,260 93,855 39,154 2.986,105 1.994,368 529.260 3.27g.1199 1.46¥.869 572,738 Total Income 5,376.724 133.009 5.509.733 5,321,5116 Expendl¢ure ExpL'ndilurL' i)n raising ￿ndS.. C.o¥t.% of rdising donations and l¢ga¢i¢s Costs of other trdding a¢livilies ExpLI)diture on charitable aclivilie (358.305) (67,318) (358.305) (67.318) (423,378) (70,3311) (6.562.582) (61.949) (6,624,531) (5.521.5113) Tolal resources expended {6,988.205) (61.949) (7,050,154) (6.Ul 5.299) NL¥l gains / (losses) on investments 9 Nel Income l (defl¢li 1.174.551 ,174.551 (2.414.321) {436.930) 71.(￿0 {365,870> (3,108,114) Nel movement In funds (436,930) 71.(K)O (365.870) (3,1118,114) Recon¢lll*llon OC Cunds Total fund% bnbughi forward Tr¥n4tLY ()f funds 27.222.537 6,540 27,229,077 30,337,191 Tol*l Cundi eArrled forward 26.785,607 77.600 26.863,207 27,229,077 The Sialement of Financial Activiti¢s in¢ludLs all gains and I(1￿ reLognised in thc year. All i)f Ihc above amounts relate to continuing a¢livilies. Th¢ slalLmcnl of financial activitiL￿ also compli¢s with the requirements fc)r an inLomL' and cxpenditure accoLEnt under the Companies Act 2(M)6. A separate Stat¢in¢nt of Fin¥n¢ial Aclivilies, and income and expenditUT¢ a¢￿unI, for the charity itself ure not prL'sLllted bLXther liquid investm¢nls Net cash from investing aciiviti 529.260 572.738 529,260 572,738 1236,Q51) (1,049.215) (234,203) (1,0411,572) {2.632,461) {4.744,952} {2.632,461) (4.744,952) 500 5110 3.177,513 6,345.767 3.177,513 6.345,707 152,1164 (19,643) 152,X64 {1g,()43) 991,125 1.105,195 9()2 1)73 1,113,838 Nel Increase l {deerease) In cash •nd cash equlv*ltnt$ Cash iii l)and an(1 al bank at thv iK'giniiing of ih¥ y¢Jr C&4h in hand and at bank at the end of the YL 1419,724) 411,104 (425,063) 419,851 795,774 384.670 786.923 367,1)72 376.050 795.774 301.1$611 786.923 The notes on p•ges 23 to 34 form part of these financl*l sl*tement$. -22- Francls House Family Trust Company Limited by Guarantee Notes to the FinaneiAI Statements Year Ended 31 March 2024 GENERAL INFORMATION The Lharity is a private company limited by guaranlee. registered in England and Wale5 and A regisletrd charity in England and Wales. The addr(ss of the registerd oifice is 390 Parrswood Road, DidsI￿ry, Manchester. M20 SNA. ACCOUNTING POLICIES Aecoun¢lng Conventlon The fii)anLi411 staithneiiiq hav¥ ky'i) preparL￿ in alcordance wilh the Irusl's gov¢miiig d(K'umeJ)I, Ihc Coini)anie8 ALI 2006 and "ALcounling and Reporting by ChariliLs= SialLinenl of R¢comiiiLnde(I Practi¥¢ api)IiLuble lu charities prLparing iheir aicounts in accordance wilh the Financial Rew)rting Siandard applicable ii) tlie UK aiid RipubliL of Ireland {FRS 102) (cffeL'tive l January 2019)" The trusl is a Public Benefit Entity as delinLyJ by FRS 102. ThL linanlial slat¥lllLnls arL' pfLp4ired in slcrling. which 18 Ihc functional Lurrency of ihc Charily. Monetary ainounl8 li) financial sliiiLiii¥iils ar¥. roundcd to ihL near&51 £, ThL. finMnLial slalcm¢nt5 havL. iKen prcparLd under ihe historical cost Lcinvci)lii)n, Inodified io include certain rinanLial inst￿mentS al f¥ir value. Tli¢ prinLipal accounting policies adop(￿ arc oul b¥low. Bthsls of ¢onsolldatlon In the parent coinpany financial slalunLmls. the cost of a business combinalion is the fair value al th¢ 8wuisili(M) dali i)f IhL assels 8ivcn. Lyuity instrumen1% i&sud and liabililiLs in¥uTrcd or assumed, plus wsls dirL￿tlY attribLblttblL' t() IhL busini￿ conibination. Thc of thL cost lif a busine&s L()mbinali()n ovcr th¢ fair value of the idLntiliablL a%sels, liabiliti￿ and LonlingLiit liabilities aLquirLJd is rec(TrgniSLxI go￿{wIll. TIIC Ll)%t 4?f ihL combinaiion iniludes the L%timate(l am()unl of cuntiilgeni ¢4)nsidLfdlion that is pn)babl¢ and cali bL' mLII.4urcd reliably, and is adju%tL.d for changL's in Lonlingenl considLralion aft¢r IIiL acqui5ili()n dal¥. Provisional lair vttlu reLI)gniscd for buyinLSS Lumbinalion4 in previous ￿-￿￿S are adjus1￿ r¢in)SPLxliv¥ly fnr final fair V411ucs det¢rniin¥d in the 12 mi>nih8 follawing ihe acquisilion date. Investmcnls in subsidiaries, joint ventur¢.s aiid associalw are 8¢counled for al cost less impairnicnl. The consolidated financial slalcmenls incorpornle those of Frnn¢is House Family Trust and all of ils subsidiaries (IL entities Ihal the group Li)nlrols through its ￿)Wer lo govern the finaniial dnd operdling polici￿% 4() as lo ijbtain elniiomic benefits). Sub%idiaries acquirLd during thc year arL' Lonsolidat¢d using the purLhasL' me(hod. Their results are inL()rw)ral¥d frniii the date ihal control passcs. All financial statements are made up lo 31 March 2024. Where necessary, adjusmients 8r¢ made lo ihc financial slalcmenls of subsidiarie5 to bring the accounting p(Trlicies us¢d into linc with thos¥ usLsd by otl)er membcL% of the group. All intrd-group Iransaclion& balances and unrealisd gains on tran￿L#lOnS between group compani&s arc eliminated on consolidalivn. Unreali5ed losses are a150 climinaled unless th¢ transaction provid¢s evidence of an impaiTment of the asset transferrd. Francis House Family Trust Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2024 ACCOUNTING POLICIES (cotttiNwedJ Golng coneern Ai the lime of approving ihe financial slalemenis. the TTUStees have a reasonablc cxpcclation that IhL' Chariiy ha.% adLyuatL r¢$OurC￿l to Loniinue in OPLTdtional existenLc for ihc foreseeable fviurL. Thus thc TTU5tLes ¢i)nlii)ue io adi)pt the going Concern basis of accounling in prq>aring Ihc financial stalemenls. Jvdgementi And key sources of esllmitlon uncert•lDty Thc preparation of the financial slalemLY)Is requirL% maniigemL'nl lo make judgcmcnls, esliinalv% and assuinplions that affeL'I Ihe amounts r¢￿rtes¢ of the d<)naiion, the funds arc Iransfcrred to unrestricted rescrves Resources Expended Expendi￿re 15 accounted for when inLLtrrcd. All i()s15 are directly attributable lo S￿LIfIC activities. Fund-raising costs include the salarics. direct expenditurL' and overhead Losls of lh¢ slaff in the fund-raising offiLL. Cos15 IT] furtheranc¢ of Ihe ¢harit8ble objects r¢pr¢senl the core co.sts of the charity inlluding salaries and overh¢dd8. Managemenl and Administrdtion wsls represeni costs incurred by finance and human resources altribulablL' to the Inanagemenl of the charity's assets. or8antsalional administration and compliance with constitutional and statutory requirements. Charltable Funds The gen¢rdl unrestrictcd fund comprises the accumulated SUTplus on Ihc Sialemeni of Financial Activities Ics5 funds designattxl for spccific purrK>ses. The r￿StriLled fund rcprescnts spe¢ific monie5 rcccived by the c.harity fc)r IhL purpose of Lonlril)uiing towards. the capital Losl of thc cxpansion WO￿ of the hospice and ass()ciat¢d equipTnLnt. 24- Francis House Family Trust Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2024 ACCOUNTINC POLICIES Flxed #ssets Tangible a55Ct5 are initially recordal al cosi. and subsequently slatLxI at Cosi less any a￿umUlated deprecialioii and inipairn]enl losses. Any langible assels Lurrid ai revalued aniounts arL' fL*'ofLILd al the fair value al the dale of revaluation less any subsequent accumulated depreciation and 5ubsequenl accumulated impairnieni losses. Depre¢litlo DepreL'ialion is Lalculat¢d 50 as 10 wrile off the Cost of an assel. less ils ¢stimatLxI residual value, over thL' usefibl eci)ni)IniL life of Ihat asset as follows: FreL'hold land and buildings Impr()vcments to priyperty Fixlurcq aiid fittings Molor vLlii¢l Straight line over 25 and 30 years Straighi line over Ihc Icmi of the leasL' 15 /• fL¥duLing balance 251J/• rL.duLinbi halance ThL gain ()r li)ss arisin¥ c?ii the di8p05al i)f an assLbl is dLILnnind as thc diffLYC'I)cc bclwecn the Sale proceeds and IhL Lanying ViiluL' of ihL assLX, iiild is r￿Qgni￿l￿ in net incoinel(¢xtK￿ditUre) for Ihc ycar. Flxed •sset Investments Fix¢d aSSL￿ invL¥lmenls arc initially measurcd al trdnsaLli(In pricc LXLluding Irali￿lI1[MI L051tD, and are subsLLlUL'nily IncasurLxI ai fair valuc at L'IiLh rL'POrtin¥ ddtL. C.liangcs in fair valuc ar¢ recognised in nel inloinc I {expeiidilurc) for IhL y¢ar. Trdnsaclion Los15 are ¥Xpl￿5Ld as iiiLurred. OptrAiln¥ lease •greementi Rl￿talS applicablL to OPLYaling wherL' subsianlially all of the benefits and risks of ownLYsI)ip remain with Ihc Ic¥qur ar¢ ¢harged against pn)fils on a Straighi line basis over Ihe pcriod of the Ic&sc. Employee bentllts Tllc cosi ol. any unus¢d lioliday eniiilemcnl is recogiiised in Ilie period in iyliicli Ilic Ciiiployee's s¢rvices are rLLLived. TLTminaiion benefits recognised imm¢di8lely 8s an exp￿$¢ when the Charity is demonstrably ¢ommilted lo lerniinule the employment of an employ¢¢ or to provid¢ tcrn)inalion bajefits. Penslon ¢o$l$ The gr()up ¢onlribLktcs lo IhL' NHS defined IKnLfil superdnnuation schemc. This is a mulii-cmploycr PLiision scheme and if is n()1 possible to identify Ihc 85%L%s and liabilities of ihL slheme which arc altribulable l() the group. In accordanLe with FRS 102 sec'iion 28 therefor4 the scheme is #¢counled for as a dcfined Contribution sLhLnie. Thc group also ¢ontribule5 to defined ¢iyntribution 5LhLThes f4)r qlaff who are ineligiblL lo join the NHS SUPLrannuati()n slheine at 50/.. Thc asscts of all schanes which ihe group contribule5 to #re held ￿paraILlY from thosc of Ihe group in independenily administered funds. All contributions payable for the year are charged in the SOFA. C8sh and cash equlyilents Cash and cash cquivalenis include cash in hand, dewsit5 held al call with banks, othLr sliort-lemi liquid investments with original maturitics of Ibree months or le&s, and bank overdrdfts. Bank overdrafts are shown within borrowings in current liabilities. -25- Francis House Family Trust Company Limited by Guarantee Notes to the FinAncial Statements Year Ended 31 March 2024 ACCOUNTINC POLICIES (c•ifflinuedJ Impalrment of fixed *isels At L'IiLh rL'P()rting end dale. Ihe Charity reviews the carying an]ounts of ils langiblL assets til deterniine whether thLrc is any indi¢ali&)n ihat those assets have suffLYed an impainno)I loss. If any such indication exi515, the reLC?VLrablc an]ouiit of IhL' assLbl is esiimatd in order io deiemiinc ihe extthl of the impaiTment loss (if any). Flnon¢l*l Instruments The Charity has ¢l¢¢i￿ io apply ihc proyisions ol S¢clion I I 'llasi¢ Financial Insirumcnls, and Section 12 'OihLr l.'inanLiMI Inslrum¢nls Issues. ofFRS 102 10 all ofils finanLTal inslrum¢nls. Financial instnbmcn15 ar¢ r￿08n18¢￿ in the (Jjarity's b4lance sheel when the Charity becomes party to Ihe contra¢lual provi.4i()ns of the inslrumei)i. Financial assets and liabililiL5 arc Dffsel, wiih IliL I)L¥l ai))ount% pre.%L'nted in thc financial siaivmcnts, wh¢n Ihere is a Icgally (¥]forceabl¢ righi lo sei off the re¢()gi?ised aniounts and thLYe is an intention lo scltlL on a nel basi% or 11> rLali5L' the a%%LI dnd sciile the liability siinultaii¢ous1y. Ba$1¢ flnanclal Isseli B42.%ic finan¢ial uss¢15, whicli include d¢bi()T5 and cash and bank bhlAn¢¢s, are initially mcasured al Irdnsaclion price inlluding Iransa¥tion ¢i)515 and are suh$fx]uenily ¢arricd at amortisal cost using ihe ¢(r￿tIVe inleresl meilMTrd uiil¢bs 111 rrangLin¥nl c()n%tilutes a fin8llLing IraiisaL¢i(I￿ whLrL' thL' irnn$8clii)n is mla.5ur￿ al ili¢ pr¢%¢iii valuL' 17f IliL fuiure '¢¢LPt.4 disci)unied at a mark¢1 rni¢ of inle[￿1. Finan¢ial assds classified as reLeivabl¢ within one year ar¢ not ami)rtibL¥J. Ba81¢ tlnan¢l•l Ilabllllles finanLial li8billii￿ including crL%litors bank loans are inilialty r¢¢ognis¢d at trdllsllction pri¥¢ Unl¢￿ IliL' orrangcineiil L()nslilu1￿ & fin￿n￿l￿g t￿n￿LtI()n. whttL" IhL dcbi iiistruinL'nt is mcasurcd ai Ili¢ pr¢seiil valuL l)r ili¥ future paym¢nls di.￿{1U￿1¢¢j al a mark¢i ralL' vf 1n1cn￿t. FinanLial li#bilili¢s classifieil as paydblL wiibiii one yLar arL not um()rtis¢d. D¢bt in$trum￿¢S are subsequently ¢arri￿] at amortIs￿ Lxisl. using ihL' (ff￿live inter￿t ral¥ m¢ilK)d. Tradc cnx1i1o￿ ar¢ obligations lo pay fibr gixxts or s¢rvices Ilial have acquired in th¥ ()nJiiiary Lourse iTrf (?pcraliiin5 I'n)n) suppli¢rs. Amt)unls payabl¢ arL cl&ssifiLYl as Lurrent liabililios if paymenl ib duL Wltliin year ()r le&s. If n(Il, they ttrL' pr¢senle(l as non-LurrLmt liybililics. Trwje are r￿n8n15￿ inilially al lrnnsadioii PriLe and subs4uently measured #t 4mortiS￿ ¢ost usin8 the ¥ff¢cliv¢ int￿¢51 Inethod. Dereeognltlon of Ilnanclal Ilabultl rinancial liabililics are dere¢ognis¢d ivhen ihe Charity's con¢rJclual obligations expirc or ¥re Ilischarged or canLell¢d. LIMITED BY GUARANTEE Fran¥i% House Family Trnsl is a ￿MPanY limiied by gu8ranl¢c and accordingly da¢s nol have a share capital. Every member of the company undertakes to contribute such amount as may be required not ¢XC¢LMling £1 to the assLts of th¢ iharil(Ible LC)mpany in the evenl (if it being wound up while he or She is a mem1￿r. or within onc yeur after he or she leases tv bc a meniber. 26- Francis House Family Trust Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2024 DONATIONS AND LEGACIES Unrestricted Funds Re$lrSel¢d Tol*l Funds Funds 2024 Tolal Fund 2023 Donatlons D(biiali()n Lego¢les Lcga¢ies GraDts CIiiiiLal Commissioning Group Grnnls NHS England Hospice Gruni 373.474 373.474 372.141 1.652,543 93.855 .746,398 ,985.457 105.0110 761.153 105,080 761.153 130.790 791,511 2,892.250 93.855 2,986,105 3,279,81)9 OTHER CHARITABLE ACTIVITIES Unrtstrleted Funds Restrltted Tol81 Fvnds Funds 2024 Total Funds 2023 MillLYlliiUlll fund Fundrai%in&i LvLnls InLI)Ine from r¢sidential services Slii)p inLI)mc Christinas lards Easl¥T Lhick appeal Pr()mi)li(Inal goods FLslival of trLL 1,892 569.678 1,202,903 711,578 15.247 60,351 3,489 23,076 1,892 6011,832 1,2112,Y03 78.578 15,247 60,351 3,489 23,076 I,iIN2 SCy).258 702,139 63,5X I 18,883 54,380 1,723 27,023 39,154 1,955.214 39,154 1.994,368 ,468,1469 INVESTMENT INCOME Unreslrlcled Tot81 Funds Funds 2024 TolHI Fuiids 2023 Income from listed inveslmcnis Income from cash invesimenls 529.056 204 529,056 204 572,534 2114 529.260 529,260 572,738 -27- Francis House Family Trust Company Limited by Guarantee Notes to the FinanciAI Statements Year Ended 31 March 2024 COSTS OF KXPENDITURE ON CHARITABLE ACTIVITIES Tol•l Fund5 2024 Total Fuiids 2Q23 Fundr*l$lng Shop Frin¢ls House Staff LOSts DeprL'ciation Rent Rale4 & watLT Light and heat Repairs & mainiLnanLe Insuran¥c Motiir v¢hicle expenses TrhvL.l and a¢¢ommodation Con%ulianLy TelL'phi)i)L H()usLkLYping Stdtf Iraiiiing Statt'rL￿rUltMCy)I EvLn15 Priniing. p()slagc and slalionery Chrisltnas L¥rds Loss 1)n di¥p()s¥1 of fix￿ assL 232J09 28.303 4.161,309 506,489 152,497 37.557 172,498 90,512 57,625 14,1157 22.203 180.(M)O 30.355 206.313 9.233 75,(A)6 4.421,921 506.489 169,984 41,973 172,498 94.582 57,1457 17,440 22,203 180,0(M) 30,355 2116,313 9.233 75.6(10 103,(?15 211.1)(16 l 0,1)02 12,584 3,4()4.5¥7 471,1)44 155,786 33,X59 234.462 60,830 51,741 25,405 15,160 17.487 4.416 4.070 232 1.908 1,475 26.143 208.336 7.424 31,423 168,710 21.552 13.659 22.3711 103.015 20.906 10,W2 12.584 35¥.305 67.318 5,728,838 570,850 6.154.461 576,850 5,222,675 5117,1116 SharL' i)fsuppi)rt ic)s1% (SLL notc11} Share ot. gov¢rnanLe costs (see noie11) 3111,843 318.843 2¥5,608 358.305 67.318 6.624,531 7.050.154 6,015,299 ANAI.YSIS OF SUPPORT COSTS Support Governance Costs Cos¢$ To¢*1 Fund5 2024 Total Fuiids 2023 Staff Li)51S Priy))15LS C.ommuniialion.s and IT Gcneral oifice Printing, postdllL' and slaiioncry Audiii)rs fl￿.5 L¢g¢il and pri)fc5sional Bank Lhargcs Inv¢stm¥nl #dvice 400.2<)8 117.588 400,298 17,588 78.813 41.864 40,921 I8.(￿0 96,726 9,097 91,786 360,024 92,642 411.154 52,694 23,639 18,6(Ml 93,122 8,306 103,443 78.1113 23.821 18.043 40,921 18.600 96,726 9,097 91,786 576,850 318.843 li 895,693 792.624 Francis House Family Trust Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2024 NET GAINS ON INVEsfMENTS Unrestrleted Total Funds Funds 2024 Total Funds 2023 Unrealised GaingJ(losses} on listed inv¢slm¢nts Gainslllo&%L8} on disposal of inv&%imenl assets 1,513,803 1339,252) 1,513,803 1339.252) ,174,551 (1.985.242) {429.079) 1,174,551 (2,414,321) 10. NET INCOME Nel inLoine is slal¢d aficr chargingl(crcdiling)'. 2024 2023 Depreciation of tangible fixed asscls Fi)rLigi) ¢xchangL differences 506,4¥9 471,044 506,489 471,044 I I. AUDITORS REMUNERATION Th¢ f¢es charged by Ihc audilor can ￿ further analysLxl under the followin8 h¢adings for services rendLYCd: 2024 2U23 F¢¢s payable for the audil of the financial slalemcnls 18.600 1 ¥,6110 ecs payable lo the Irusl's auditor and its &88ociaies for oih¢r Services: Fees tor aLLI)unting services FLLS f4)r payri)11 services Fees fnr IT 8erviLL 15,1)1)o 1,290 2,600 1,290 7,8 18.890 24,090 29- Francis House Family Trust Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 Mareh 2024 12. STAFF COSTS AND EMOLUMENTS Tot*1 Staff eost¥ were as Collows: 2024 2023 Wages and salari& Social securily c()slg Other p¢nsion Lost% 4.127.691 382.551 311.977 3.260.408 337 ()14 256,281) 4,822.219 3.854.611 Porll¢ul*rs of employees: The UVLrngL number of employLYS during the year, e8lculaiul on Ihc basis of full-iime equivalents. was as f()11(>ws.' 2024 2023 Numlw of nursing and care staff NuinbLT l)f fund-r¥i%in8 staff Number of office and adminislralion staff 99 80 19 18 123 1113 The numbL'r uf ¢inploye¢s whose remunerniion for the year fell wiihin the following band8. were-. 2024 2023 £611,111M) 10 £69,999 £70.(KMI lo £7(),1)99 £811.IIIMI i() £tii),i)()9 £()O,O()O lo £l)().1)99 13. TRUSTEE REMUNERATION AND EXPENSES No reinunerdlion or oihLY bL￿eritS from employment with IhL' Charity or a rt'1otL¥J L￿tIty w¢r¢ ￿e1Ve￿ by the trustees (or any p¢rs()ns Lonnel'ied with thcm). -30- Francis House Family Trust Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2024 14. TANGIBLE FIXED ASSETS Group Improvements Freehold IAnd to buildlngs & buildings Flxtures & fi¢iings Motor vehleles Total Cost Al l April 2023 Additions Disposals At 31 March 2024 7.591.707 45,￿2 (16,527) 3.196,321 12,682 .513,873 178.277 (46.533) 273,615 12,575,516 236,051 (63,0611) 7,620.272 3,209.(M)3 1.645.617 273.615 12.748,507 Depreclailon Ai l April 21123 Chdrge for the ycar Elimination on disposals At 31 Mareh 2024 3,439,986 259.647 {10.215) 336.085 106.663 874.221 121.506 (40.261) 189,976 18.673 4,840,268 5111),489 (50,476) 3.689,418 M2,748 955,4()6 208.649 5.296.2111 Net Book V*lue At.11 Mirch 2024 3,930,¥54 2.766.255 690.151 7,452.226 Al 31 MarLh 2023 4,151,721 2,8￿),236 639,652 83.639 7.735,248 ChArlty Improvements Freehold land to bulldlnLIS & bulldlngs Flxtures & fltilng5 Motor vehl¢l Tolll Cosl Ai l April 2023 Additions Disposals At 31 Mar¢h 2024 7.591,707 45.092 (16,527) 3,196,321 12.682 1,474,905 176.429 (46,533) 273.615 12,536,548 234,2113 (63,0CIO) 7.620272 3,209,(M)3 1.604.801 273.615 12,707,691] Depre¢lotlo Al l April 2023 Charge for the year Elimination on disposals At 31 Mirch 2024 3.439.986 259,647 (10.215) 336,085 11)6.663 844.063 114,324 (40,261) 189.976 18.673 4.810,110 499,307 (5(1,476) 3,689.418 442.748 918.126 208,649 5.258,941 Net Book Value At 11 M*r¢h 2024 3,930,854 2.766.255 686.675 64,966 7,448,750 At 31 March 2023 4.151,721 2,860.236 630,842 83.639 7,726.438 31 Francis House Family Trust Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2024 15. INVESTMENTS Movement In market VAlue Cash or cash uivalenls Listed investmimjts Tot•1 Cosl or valuatlon Ai l April 2n23 Addiiions Disp()sals Nct gaii)s l {losses) 4)n revaluatii)ns in ihe year Movement on Lash hL'ld in Ihc year 170,527 18.508.989 2.632.461 (3.516,765) 1.513.803 111,679,516 2,632,461 (3.516,765) 1.513,1103 (152,864) (152,864) Ai 31 March 2024 17,663 19.138,488 19.156.151 Impalrment Ai l April 21123 and 31 MarLh 2024 Carrylng Amounl Ai 31 M*r¢h 2024 17.663 19.138.488 19,156.151 At 31 Mar¢h 2023 170.527 1 ¥.5011,989 18.67().516 All investments shown above are held at valualion. FlnAn¢l•l J$sels held *¢ f*lr value Thi fair value of inv￿*1ml￿(S is their markd value as al the y￿r end 16. DEBTORS Group 2024 Group 2023 Ch*rlly 2024 ClIHrity 2112.3 OiliLr dLbtOTS Prepayments 39.¥60 177.155 63.274 255.￿￿ 39,860 154,168 63,274 235,812 217.015 319,1711 194.028 299,086 -32- Francis House Family Trust Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2024 17. CREDITORS: Amounts fallln£ due within one yur Group 2024 Group 2023 Chirliv 2024 C.liarily 2023 TradL LrL'dilors Taxalian and social security Oih¢r LrLYiiti)r% Amounts owed by gmup undertakings Accruals 116.723 97.512 45,793 96,700 80,334 35,159 92,962 60,208 3(1,2117 9,752 70,737 67,976 35,5511 22,417 68,911 78.207 88.446 33¥.235 300.639 299,079 263.866 InLluded within aL¢ruals is an amount of £18.798 (2023: £8,365) relaling lo d¢f¢rreil income. This incomc r¢lyt¢s to vvenls which take place after the financial year end. 18. OPERATING LEASES Thc total future minimum Ivase payin¢nts under non-cancell4bl¢ oFrnting leases are as follows.. 2024 2023 Ni)I lalL'r than l y¢ar LaiLr ihan l year and noi later than 5 yeavs LalLY than 5 years 1511,312 633,248 474,936 150,544 6112,176 6U2,176 1,266,496 1,354.896 19. PENSIONS AND OTHER Po￿ RETIREMEKf BENEFITS Deflned eontrlbutlon plans ThL ainvuni riio¥nis¢d in income or ex￿￿lI￿re as an expense in ￿latIon to dcfinLMI contribution plans was £319,166 (2023: £256.289). -33- Francis House Family Trust Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 MArch 2024 20. ANALYSIS OF CHARITABLE FUNDS Restrlcted funds BalAnee at 31 Mar 2024 l Apr 2023 Nei In¢ome Transfers Donated equipment Fund 6.540 71.060 77,600 Di?nations rec¢ive(i for restriLled PUTPOS¢S are accounted fDr within restricted rcscrves. Once funds are expensed for Ihc %PLLifiL purtrf)s¢ of Ihe d4)naiion. the funds transferred lo unreslricteil rL'5LfvL% Unres¢rlc¢ed funds Balance •t Apr 2023 Incomlng resourc Balan¢e at 31 Mar 2024 Transfers General Funds 27.222.537 (436.Y30) 26,785,607 21. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unreslri¢ied funds R&￿tricIed funds Total funds 2024 Taii&¥iblL fix¢d assets InvL'stmLmls Currcni Assels C.rcdilors less than l yvar Total Funds 7.452.226 19.156,151 515.465 (338.235) 7,452,226 19,156.151 51J3,1165 (338.235) 77.600 26,785,607 77,6(M) 26.863,207 22. FINANCIAL INSTRUMENTS The carrying amvunl for each c8tvgory of financial instrument is as follows: 2024 2023 Fln4ncial asse15 thal Are debi In$lrumen15 musured at amorllsed eost Fiiiaiiliiil that arL d¥bt inslNmLni% mcasurLuI at ainorti5LYJ LOSI 10,170 10,170 Flnanclal Instruments me*$ured At filr vglue ihrou¥h profit and loss Fii)aiiLi