COMPANY REGISTRATION NUMBER 02519173 Francis House Family Trust Company Limited by Guarantee Financial Statements For the Year Ended 31 March 2025 Charlty Number 328659 CHAMPION ACCOUNTANTS LLP Chartered Accountants & Statutory Auditor I Worsley Court High Street Worsley Manchester M28 3NJ •AEG28ZBD* 2511112025 COMPANIES HOUSE A14
110
FrancAS House Family Trust Company Limited by Guarantee Financial Statements Year Ended 31 March 2025 CONTENTS PAGES M¢mbers of ihe Board and professional advisers Trustees Annual R¢w)n 2tolS Independenl Audilofs Rery)rt to Ihe Members J6to18 Consolidated Sialemenl of financial Activilics (IncOrra1In8 the income and ¢xpenditure a¢¢ounl) 19 Consolidated Ststcment of Fin&ncial Position 20 Consolidated Siaiemcnl of Cash Flows 21 Nol¢S to the Financial Sthiements 22to34
Francis House Family Trust Company Limited by Guarantee Members of the Board and Professional Advisers Rryistered Ch4rlty Name Francis House Family Tru$1 Charity Number 328659 Comp*ny Registr4lion Number 02519173 Registered Office 390 Parrswwd Road Didsbury Mhnchesier M20 SNA Tr¥$te Jane Kemplcr (Chair) Dr Susan Kirk Dr Su58n O, Halloran Judith Amosi-Khodad Charles L¢di80 Vijay Sriva5tava Dr Andrew Taylor Aysha Rangr¢i Dr Edward G&siorowski Rev Joseph Carney Emmonn O'Neal OBE DL Dr Susan Hyde (appoinlcd 17 April 2024) Faiher Si¢phen Woolley aptx)inicd 16 January 2025) Amanda Mellon CBE (appointed l O April 2025) Secretary Rachael Taylor (appointed l April 2025) Auditor Champion Accouniw)Is LLP Charter¢d Accountants & Staiutory Auditor I Worsley Coun High Sire¢l Worsley Manchesier M28 3NJ Bonk¢rJ Virgin Money Market Si.. Manchester The Co-operaliv¢ Bank POBox250 Skelmer5dale WN8 6WT Ml IPW Solitilors P¢arson Solicilors & Financial Advisors Ltd Hollinwood Busines5 CenlTe Albert StT¢ Oldham OL8 3QL Investment Advisors Redmayn¢ B¢ntl 3 Hardman Square Spirmingfields Man¢h¢st¢r M3 3EB
Francis House Family Trust Company Limited by Guarantee Trustees Annual Report Year Ended 31 March 2025 The Trustees, Ivho are also directors for the purposes of company law> pr¢xnl their report and the financial statements olihe charily for the year ended 31 Mar¢h 2025. REFERENCE AIYD ADMINISTRA TIVE DETAILS Reference and administrative details are shown in the schedule of members of th¢ board and professionai advis¢rs on page l of ihe financial siatement$. THE TRUSTEES The Trustees who s¢rved the charity during Ihe period w¢r¢ as follows: Jane Kempler (chair) Dr Susan Kirk Dr Susan O, Halloran Judith Amosi-Khodadad Charles Ledigo Vijay Srivasiava Dr Andrew Taylor Aysha Rangrez Dr Edward Gasiorowski Rev Joseph Carney Eamonn O'Neal OBC DL Dr Susan Hyde Fathei Stephen Woolley Amanda Mellon CBE {apwin(ed I l May 2023) (app)inled 17 April 2024) (appointed 16 January 2025) (aPFointed l O April 2025) Trustees Retruitment and Appointment Trusiee5 are nominaied by ihe exisiing Trustees. They reiire by rolalion every Ihree years bul may offer Ihemselvcs for re.cleclion. Truslccs arc appoinied with a view to providing A varieiy of5kills, culiur¢, a8¢ dnd 8endcr. New Trustees are appraised of the Phi1050phy of the Trust and are isswl with an induction folder which includes th¢ relevanl Charity Commission publicaiion5 and guidance. Th¢ Secretary to the Trustees arran8¢s for individual indu¢lion Sessions on rommencemcnl of apwintmenl and for training sessions Ihroughoui th¢ year lo which all Trustees are invited.
Francis House Family Trust Company Limited by Guarantee Trustees Annual Report Iconiyftued) Year Ended 31 March 2025 STRUCTURE, GOVERNAi¥CE AND MANAGEMEKr The Francis House Family Tnt is a Company Limited by Guaraniee and does noi have any share capital. The Associalion is established for the purtK)ses expressed in ihe Memorandum of Association daied 5 July 1990. Trust Name The Rainl)ow Family Trust was esiablished in 1990 to build a children's hospice. On completion ihe building was namcd 'Francis House, io commemorate the sacrifice made by the Sisiers of the b"ran¢iscan Mission of St. Joseph who gave up their convenl to be converted into the Hospice. In 2012 ihe TTU$t was regi$iered under the new name of Francis 14ouse Family Trusl at Compan ies House. Th¢ new name conlinucs io highlight the fact thai ' family, is at the centre of everything thal we do as a Trust. Or84ni5atrong1 Struttiir¢ gnd MaKagemenl The Truslces serve on the Council of Managemenl who meel quartlY. A General Meeting is held annually. General operniional decisions are made by ihc Chicf EXtIve OITicer and Dir¢ctor of Car¢ wilh ref¢rcnce lo Ihe following Trust¢¢s sub-committees. Finance Fundraising Oih¢r sub-commiiie¢s meet as required lo assisi iviih decision makin8 rel8tin8 10 thing$ Such os eihi¢al and medirAI mallcrs. T¢rms of Referen¢e Reserves policy decisions arc a matter for the Trustees mcetin8. Operntional finance dlsionS are delegaicd io the Finance sub-commitl¢e. All contracts relaling io fundraising operaiions are io be referred fo ihe Trusiees. Revenue decisions are lo be dele88ied lo the Finance sub-committee. All decisions which atT¢Li ihe Icgal. eihical or philosophical slalus of the Twst ar¢ 10 be referred lo Ihe Trustees Council of ManRgem¢nt. iv PUBLIC BENEFIT The Truslees have ensured ihal Ih¢y carry oul the Trusl'5 objwtg for lh¢ public benefit and h8v¢ in accordan ivith seclion 17 Chariiies Act 2011 had regard io the guidance published by ihe Charity Commission on public benefit ivhen ¢x¢rcising ix)iYers or duli¢s ivhere thal may be relevani. Francis House continues lo benefil children and young peoplc wilh life limiling and ihreaiening illnesses and provides supporl and short lem) care for iheir families. Our Achievements and Perforn)ance 10 date as scl out in this report demonstrdte our c(Inlinued commiimenl lo publi¢ servic¢.
Francis House Family Trust Company Limited by Guarantee Trustees Annual Report (c&ntiiiued) Year Ended 31 March 2025 OBJECTIVES AND ACTIVITIES Francis House ¢xists for ihe provision of appropriale respite car¢, emoiional support and end of life care for children and young adulis with life ihreai¢ning or life limiting ¢4)ndilions and the supp)rt and w¢ of Ih¢ir famili¢s. Our philosophy com¢s from ller in the sanctity of life and the dignity of ihe individual. We aim to hear. respeci and value every memb¢r of ihe family &8 individuals wilh their own needs. Car¢ is available to families regardless of faith or cultural backgrounds. Our aim is io care for the sick young people and their families as they and their family wish. We care for young adults in ihe ways thal they dictat¢ or as is deemed in Iheir be51 Inter¢ by ihe relevant advocate. Physical, social, emotional and spiritual needs are ci)nsidcred necessary elemcnts in our holistic caxc. One of our principle aims is lo ¢nable the young ppIC to live life os fully as their conditions alloiv often helping them io [flI dreams. Many of thcse dreams are experien¢es that m05t of us lake for granted in our own liv¢s but can be diificuli accomplish when eoping with a serious physical condilion. Francis 14ouse tO8Cther with the other Children's, Hospices is at the forefronl of specialist palli&live care provision and symplom conirol. We c¢ for young people with a wide range of complex and often undiagnosed condirions. Unpaid Staffivoluntetrs Unpaid starr and Yolunlcers haye been essential lo the esthblishment and operftlion of ihe Hospice. Volunteers hjvc helped within the Fundraising OtYi¢e in Francis Hous¢ itsclf and in ihe Chariiy shop based lOlY in Withington.. Volun*er$ hav¢ becn of great assistance with the fundraising ventUTes pariicularly our E&%ter chick campaign, the Cheshire ihree peaks walk and ihe annual Ball. In addition, volunteers from across the North West have continued to support us through th¢ir own fvndraising activities and infoTmin8 the ivider community about th¢ rharity. St#ff At Fr#nc15 House Chlldren'5 Hosple¢ There are 62 full time equivalent members of th¢ Carc Team led by ihe Chief Executiv¢ and Director of Care. Qualification5 include Regisiered Sick Children's Nurses. Regislered Genera] Nurses. Regislered Leaming Disability Nurses, Play Specialists, Occupaiional Thernpisis, Nurser), Nurses, Teaching Assisianls and Social Workers. To meei Ihe ever increasing clinical coinplcxiiy of iht carc we aim for 7/0 olihe Care Team io be Registered Nurses. wilh a minimum of two years post qualificaiion ¢xperienc¢. Many of the Care 'l-eam have addilional qualifications or role spccific training in b¢Veml suptx)rt. emotional support. pallialive care and rKJmrnunity nursing. AneillAry and Support $taff irtclude- In House Fundrai d Acc4)unlS Deputy to the CEO (solicilor) IPA Secretary l Reption1$1 Chef Catering Assistant 2 Maintenance 5 Dom¢5ti¢lHouseke¢ping l Gardener 3 Fundr81sers l Digital Marketing Offi¢¢r and Fundraiser I Public R¢laiions Offic¢r l Bookkeeper l Bookkeeping Assisthnt I Shop Manager Since 115 inceplion Francis Hous¢ has c4)nlrd¢t¢d the 5ervic¢s of visiting G¢neral Practitioners ivho also hav¢ special inter¢st in Pa¢dialri¢ Palliative Care. Since January 2022 and following r¢tiremenl of tivo of Ihe long serving Doctors we noiv have six visiting gcncral praclilioncrs who Bre coordinaicd by an cxperienced Doctor who has bccn ivith Ihe Trust for 17 years.
Francis House Family Trust Cornpany Limited by Guarantee Trustees Annual Report Year Ended 31 March 2025 We have iwo Psychothernpisls who work io provide supwgrt, for families 4nd siaff who have particul psychological 8nd ¢inoiional needs (particularly where d¢¢p Iraumo has been e%p¢ri¢nced). In addilion, we've wclcomcd a dedical Counsellor who works specifically wilh children and itcnagers. Our chef cal¢rs for all dietary needs (knih dietary and culturdl) including blended diets. The kitchen team work on a seven-day roia, catering for lunch and evening meals. There are also facilities for families iyho wish lo c(KTrk for. themselves. Residtnti41 Servlces Siaff At Francis House Families Lid Francis House Familics Ltd proiiTrdes Residential Care with 24-hour nursing (x)ver 012 propenie4 463 Parrswood Road ('463') and 92 Barcicroft Road ('92'). There arc 21 full time equivolcnl members of Ihe Care Team ai 463 and 20 full lime equivaleni memb¢rs of ihc Care Team at 92. There are currenily - l R¢gisl¢red Manager (who 1$ the Regisiered Manager for t*)Ih 463 and 92.) l House Lead (Social Worker) l House Lead (Re8islered Nurse) 22 Register¢d Nurses l Nurse Associate 18 Members of the Care team
Francis House Family Trust Company Limited by Guarantee Trustees Annual Report {CllhtsnMed) Year Ended 31 March 2025 STRATEGIC REPORT PERFORMANCE AND ACHIEVEMENTS Franeii House Children's Hospi¢e During the la# financial year have provtded the following Core ond Supp)rt- .Rtspite ¢4re'. Shorf-t¢rni breaks lo provid¢ famili¢s with rest while ensuring conlinuity of care for th¢ child. During Oltr respite stays we also provide symptom management and deal with children and young people wilh very complex we n¢¢ds. We ¢are for the whole family and have a¢¢ommodaiion on sit¢ thai b¢ used by th¢ famili¢s of those we care for. In th¢ IBSI financial yehr we provided 20Y6 nights of respiie care. Once acpted on lo the roll at FrAn¢is House we do not have an upper #ge limit and M Child with a life-limiling ¢ondilion is with us until th¢y di¢ or ihey ¢hoose lo no lon8¢r attend Francis House. .HDmee4r¢ Teffi'. Community-bu5ed outreach fTom our Homecare le4m lh provides support in the home or hospiia] environment. The Hom¢¢are T¢am esthblishes firsl conth¢i with fami11¢5 whos¢ referral h&$ en occepi¢d, they also manDg¢ day¢are visils for peoplc who are ncw io the servi¢e. In addition, our HomecaTe ieam ivork ivith other a8en¢ies io PTovid¢ end of life care to families who cknose for iheir child to die ai home. Our Homecare t¢am is siatTed with nurses and experienced carc ieam memb¢rs. In the lost finwiciAI year we provided 1163 Homecare and End of Life visits. Our Hom¢¢ore i¢am h85 also played g key role in facilitating social coNi¢clion, hosiing 8 range of 8roups for young people and families throughoul the ye4r. A pani¢ular highlight was Froncis Fest. our first a¢c¢ssible festiv41 held on the hospice gTounds. Lo¢al bands perforni¢d, and families enjoyed a joyful and inclusive fesliva] experience. Th¢ respons¢ was ovenvhelmingly posiiive, and plan$ ar¢ already und¢nvay lo ¢xpand it furthcr n¢xl year. .Emotional support is provid¢d in ihree ivays- (i) Bereavemenl support for families who have had a child has died. SupFXlrt for young adulis who are Sirugglin8 emotionally with their deierioraling ¢ondition$ Support for youn8 people with complex n¢¢ds unable lo artiLulale their sadness In ihe last 12 months our dedicated ieam have provided 447 ernotional and bereavement suprA)rt sessions io our children, youn8 people and th¢ir families. .Psy¢hotherapy: Our 2 P$yeho¢her4pists have provided 205 psychotherapy support sessions offering specialist psycholo8ic&I we to families and slaff, particularly M,here there hLs been si8nlfictl irauma or complex emolionai needs. One of our Psy¢hoth¢rJpists also deliv¢r5 b¢spok¢ ir8ining to M¢Mr5 of our Cmoiional SUprt And Sibling Support teams. helpin8 to build skills und confidence in supportin8 others. All our Psychoiherapisis also provide Tegular supervision for stair. off¢rin£ a 4)a¢e io relle¢t gnd pro¢¢ss ¢he emotional impa¢i of working in such a ¢hall¢nging gmd emotionally char8¢d ¢nvironmenl. .Sibling Support- Alongside this, our sibling SUPPOrt service con¢inu¢$ to be imporlant port of our ¢ure. 61 Sibling S¢ssions iverc held lasi year. The S¢asons programm¢ offers ongoing support io brothers and sisters of childr¢n with lif¢- limiting condilions. Our Shining Stars programmc n5 for several weeks and helps siblings navigat¢ the early stages of grief. We have olso held Shooiin8 Siars reunion groups ihmu8hout the year, Ivhere b¢reaved $iblin8s can r¢¢onnecl with peers in a safe and supportive space, share their (¢¢linEs, and continue their griefjourney togeth¢r. End of Life e8re. We conlinue to provide care to babie5. childTen and young adults ai the end of their lives. When a child dies families can stay at franci$ House ivhilst their child is in one of our ihr¢¢ Rainbow R(ms. Th¢ Rainboiw rooms are specially cooled rooms that orrer an alicrnative to 8 funcral home. During this very dirricult tim¢ families #re supwrted by our care t¢am, who wisl wilh fun¢rnl arrdnA¢m¢nls and provide cu¢. love and support ¢n&bling f8mili¢s to say goodbye to th¢ir child.
Francis House Family Trust Company Limited by Guarantee Trustees Annual Report (contsnwrd) Year Ended 31 March 2025 .Digital R¢¢ords Syst¢m'. During this fingncial y¢ar have also made a $i8nifican( change to the way we manage clinical infom)&lion, Iviih the move ¢0 a digi181 records tystem. This has brou8hi us a step eloser to Ix¢oming paperless and has improved how we deliver care, making it ¢asier for staff to ucc¢ss up.trJ.dBt¢ inforn)ation and ¢oordinul¢ SuPrt for Children and families more e(ficiently. .Environm¢nt81 SustAin#bility': In accordance ivith our EnviTonmen¢ Policy amd our comrnitmenl to environmental Sustainability we h8VC Purchased two ele¢tric vehicl¢s ihat are being used by our Homec4re team and Care team for vigils in the ¢ommunily. We have also inslalled an electric ¢hargin8 point on site. The purchase of ihese vehicl¢s wa5 funded by way of a very generous grani from a ChariTable trust. Our Residentigl ProYidtr-Franf is House Familie5 Ltd 403 and 92 PTovid¢ sp¢¢ialist r¢sidential w¢ for young p¢ople with lif¢-limilin8 condilions And complex health needs. 463 and 92 are currenily fully o¢¢upied ivith 13 residenis across ihc iwo Siles. Both homcs offer a supportive. hom¢ly environmeni wh¢r¢ young people can experience safety. dignity, and enriched qua]ity of life. Care is d¢livered through values-based person•centrtd approjch ihal placcs strong emphasis on r¢lationships, ¢fflolion w¢ll.b¢ing, and individu81 choi¢e. Th¢ si&tf ieams ar¢ highly Irain¢d in clini¢al care and emotional support. Ivorking ¢losely with familie4 education providers. and h¢th¢Te PTofe$$ionals to deliver inte8ral¢d and holistic Care. Al the heart of both hornes is a commiiment io crealin8 meaningful, life.arrirming experiences foT ea¢h young person. This includes 5UPWlrting participation in edu¢aiion. leisure activities. and wmmunity ¢ngagemenl. while also recognising 4)nd responding lo the re81iiies of d¢¢lining he&iih and endf-llfe car¢. Both 463 and 92 OP¢Tai¢ wiihin a framework ihat prioritises r¢141ional CaT¢. th¢ropeulic con$isten¢y. and the d¢v¢lopment of Irusiin81 lon8-lemi Telalionship5. Ea¢h home strives io offer nol jusi safety and SUPPOTI. bui also joy> auionomy> And a deep sens¢ of belonging for the youn8 people who live ih¢r¢.
Francis House Family Trust Company Limited by Guarantee Trustees Annual Report f¢ohAtnH¢4) Year Ended 31 March 2025 FINANCIAL REVIEW In the lasi financial year Francis House Family Trusi has spent £7,901,895. or ihai sum £7,463,338, was Spent on harilabl¢ aciivilies. This means that th¢ Trust h&s spent 94 penc¢ of ¢ach pound $penl on chari*ble aGtivities. Income has in¢re&8ed to £6.0 million (202312024 £5.5 million) The NHS England Grnnt of £765,632 (202312024 £761,153) has been received and alihough ihe fuiure of the grani remains uncertain il hos b¢en extended inlo 202512026,. We have received grani fvnding from Several ICB'S of £126.253 (202312024 £105.080) We have benefilled Ihis year from a grant of £152,295 awarded lo Francis House as part of a Governmenl grant of £100 million mad¢ lo Hospices across England to m¢¢t capiial expcnditure. Thes¢ monies have Several capital projecis includin8 the inslallaiion of a new Digilal Telephone Sysiem within the Hospice, upgrades to our exi$iin8 comput¢r hardware and our digital security Systems and a number of improv¢m¢nls to the Hospi¢¢ buildings. Income for our residential services ihTou8h Francis House Families Lid from various lo¢al auihorilics ond NHS funding providers amounied to £1.68 million (£1.2 million 202312024). The trust received voluntary income of £2.792.606 (202312024 £2,911,337). A dccr¢ase on last year'5 figures du¢ largely io a reduction in legacies rec¢iv¢d. We rec¢iv¢d am income from our investmen15 of£469,9Q2 (202312024 £572.738). The two residential unils are noiv fully orKupied and fvndin8 for I l oui of ihc 13 residenis a8re¢d. The Trust is continuing 10 operdte in a planned deficit &s we expand our services. l-.rancis House Family Tmsl had an operating deficil of £1.91 million (202312024 £1.54 million) before a1055 on investments of (£304,929). In 202312024 Ihe 'frus1's invesimenls increased by £1.17 million. The Trusls main expens¢ is 51atYin8 costs as we seck to expand the team and maintain competitive renumcraiion for staff in ly)ih the Hospice and our residential sites. W¢ have also invested heavily this year in our IT systems to ensure that ive are able to provide the besi re, both now and in the future. for the children and young people using our services. INVESTMENT PORTFOLIO Th¢ trusl coniintses lo use the servie¢s of Redmayne Bentley as our Investmeni Man88ers. The Trust currenily hls £16,987.876 inve51ed with R¢dm4yne Benil¢y During th¢ period the rrt)rtfolio has generated income of £469,902 . The Trust fund carries 8 cash reserve. We hav¢ need to keep some cash uninve¢d to &8sist iviih cashflow and io manage our vArious capiial proje¢ls. Cuneni insiru¢iions io the Investmeni manager are to keep £SOO.(KIO cash in reserve.
Francis House Family Trust Company Limited by Guarantee Trustees Annual Report leoniinued) Year Ended 31 March 2025 RESERVES POLICY Th¢ r¢serves h¢ld at 31 Mar¢h 2025 amounled to £17,514,029 (not including lan8ible fixed &ss¢is). The Trustees believe th the level of reserves are required to honour iheiT commithieni io care for the children that they look after for the duration of their lives. Over recept y¢ars advances in m¢di¢a] science hove exlended the lives of many of the children we care for. In ordeT io meet thos¢ long-iemi ¢8r¢ eommitm¢nis the Trustees have approved the followin8 reserves )licy- Thc-frusiees feel thal it is prudent lo lorget a minimum level of free unrestricted reserves suiTi¢i¢nl to cover the full operuiing costs of the hospic¢ for ul l¢a5t on¢ year. A large p¢rcen(age of th¢ funds raised are by ivay of donation& fundr&ising and l¢gAcies 144]i¢h ¢annoi be relied upon, the lasi f¢w years have seen & reduction in fund raisin8 events due io ihe cost-of-livin8 crisis. Governmeni fundin8 fom)s a smaller percent&ge ofthe overall funds raised bui is noi guarani¢ed in ihe longer iemi. Although costs have Siayed un(kr control the Charity will oveT the nexi few years see laTger increases in sthff costs due ¢0 WO8¢ inflatron. havitTr8 lo oiT¢r ¢ompelitive packa8es 10 h¢lp recruitment and incre8s¢ in numbers lo ensure that the Hospice and all ofihe services li Otfers are run al full capacity. The Tnjsiees believe further reserves Should be maintoined to 8uwd against the uncertainties facing ihe Hospice as outlined above. The Trustees reco8nise that the Trust will conlinue lo operate in a deficit for the next five years unlil such lime &$ we are able to increase our revenue forni exiernal sources ihrough (undraising and increased levels of public fundin8. They consider onc years runnin8 cosis anlicipaied ¢0 be circa £8,0(KI.000 pa by 2026 to be an appropriate level of reserves lo m¢¢l our on8oin8 d¢fi¢ii. Th¢re ar¢ also plans for Significani capilal expenditure over the nexi f¢w years in order lo maintain and exlend ihe services oITered by ihe Hospi¢¢. The Trusi¢¢s also f¢¢1 ihal a refurbishmeni r¢serve should be provid¢d io ensure th¢ Hospice facilities are maintained al ih¢ rren1 high standard. Rescrve noie Deficit budget fund £ 8,000.000 Capital ¢xpendilurc fund £ 5,000,000 Free reserves Totgl unreslri¢ted deslgntd funds £17,476,843 Unr¢stri¢ied thngible fixed a55¢(5 £ 7,129,327 Restricted rcs¢rYes 37,186 Total reserves
Francis House Family Trust Company Limited by Guarantee Trustees Annual Report (eon¢irtMedJ Year Ended 31 March 2025 PLANS FOR FUTURE PERIODS We are continuing lo gradually gTOW our Care Teom numbers in spite of the National shortage of irnined staff. In June 2025 we will be welcoming S new registered nurses to the team and an addiiional 2 new care team members who bring w¢alth of diverse knowl¢d8e and skills lo the leam. W¢ f¢el lh wc mlmi51n8 our resource5 for th¢ benefil of the families on our roll at a time when other similar scrvi¢¢s, both Ststutory and Voluntary funded ¢ operating al a much lower capacity. The uncertainty around our funding from govemmenl sourw continues as grants from Public Funds to meet our everyday running o)sls only accounl for approximately 15Yo of ihe income required to cover the costs of operalin8 Fran¢i3 House Childr¢n's Hospic¢. Francis House will benefit from a governmcni granl of £456,213 this year io meet capiial expenditure. This is the second Iranche of Gov¢mm¢nl grdnt of £100 million pounds announced in December 2024. W¢ pl lo use th¢s¢ monies io cary oui significant impTovem¢nt5 io the Hospice building including Reroofin8 Francis House as the original roof is showin8 signs ofwear and Icar. "Replacing many of our iniem81 doors al the Hospice io comply wilh curreni fire re8ulaiions, R¢furbishing ihree of the pareni flats - Upgrading ihe mobile phones us¢d by the Care tcam Upgrading our Compulcr Hardivare Our Hoinecarc and Duycare Services Continue io develop, and our aim is lo bc able lo offer End of Life Care as the primary provider in the young person's homc if ih81 is their choice. With this in mind we hav¢ ¢nrolled ihrcc members of staff on the Univer5iiy Masiers level - Principles of Palliative Care for Children and Young People course. In Mar¢h 2025 thc CEO relired. The Trusle¢s have 8ppoinl¢d a SucCesr from I sl April 2025. io-
Francis House Family Trust Company Limited by Guarantee Trustees Annual Report (conth#ed) Year Ended 31 March 2025 FUNDRAISING AND PUBLIC RELATIONS W¢ cannoi sufficienily cxpress our gltude lo ihe many people, loyal Voluntee dedicaled donors and corporate sponsors who have continued lo supwrt us and helped us lo provide our much needed seryices during a difficult economic period. Francis HOU would noi exist iviihout the 8¢nerosity of our supporters. This year fvndraised income reached £2,792,606. We are working hard to develop partnerships with Corporaie Sp)n$ors. We aTe also aiming lo involve increasing numbers of Community Groups in Fundraisin8. We are constsnily aimin8 10 increasc fundrai5in8 income by diversifying and enhancing our current inLX)me 51r¢ams. while idenlifyin8 new opwrtunilies for 8rowth. Corporale support continues io incr¢t and community suprM)rt is risin8 with th¢ rccruiiment of an extra team member. Our Easler Chick Appeal coniinues lo remain our biggesl fundraiser wilh £72.000 rald in ihc last financial ycar. Our programme or r)Jndraising for 202512026 includes a variety of ¢v¢nls including The Easler Chick Appeal Various running events including (he London & Man¢h¢$i¢r Marathons Our Numerous Golf Days across Ihe region. Challenge Events, including Walk5. Treks, and cycling A number of events including Stars in their Eyes, Padel ev¢nt$ 8nd The Winter Ball al Moltram Hall Feslival of Christmas Trtts and A Chris1m Story Our supporters hav¢ very generously rem¢mbered Fran¢i$ House in their wills and Legacy income amounled io £ 1.5 million in the last financial year ivhich mak¢s up over 500/0 of our fundraised income. We are coniinuing to promoie l¢gacy giving and our Make M Will Week %vill lake place in Seplember ivith nei¥ and existing Solicitors p8rticipaiing. W¢ are very 8raieful all the Trusts and Foundaiions thai have 8enerously supwrted us ihis year. A direct mail campaign is plann¢d for Christm&$ 2025 and w¢ also hope 10 lauftth the Francis Hou$¢ loti¢ry in 2026. Francis House complies iviih ih¢ regulatory framework for fundraising. We are regisiered iviih Ihe Fundraising regulator and Comniitled lo Ihe wde of Fundraising Prdclice. We also subscribe io the Fundraising preferen Service to enable individuals io opl out of receiving fiindraising communicaiions forni us.
Francis House Family Trust Company Limited by Guarantee Trustees Annual Report (tontinmed) Year Ended 31 March 2025 PRINCIPLE RISKS AND UNCERTAINTIES All areas gov¢ming the health and saf¢ty of the children. young adults and families using Francis House and also of th¢ staff knd volunteers, are reviewed and a monitoring s)stem is in place. Particular atlention is given to major risks which would prev¢ni or restrict us from achieving our objectives. Th¢s¢ includ¢'. Personncl Employment legislaiion Operational risk$ e.g., Fire, InlNd¢rs, Dala Protection, IT Failure Legal action Funding failure Economi¢ ¢y¢lc Public image In order lo manage risks id¢nlifi¢d Francis House rclains the s¢rvi¢¢s of.. P¢arsons Solicitors who act as advisors on personnel and employment i5sue$. Redmayne Beniley are engaged lo manage the Charilies inveslments. We rei8in the services of.. a) TIEVA I.I'. as specialis13 to advise and manage our l.T. syslcms b) Active Busin¢ss Communications to advise and manage our land and mobile telephone syslcms ) Inielligent Controls advise on digithl media systms and inlligen( environmental wntrols d) Reason Digilal who manage our website e) Citation 10 advise on &ll Hcalih and Saf¢ly mailers (The buildin85 are inspected re8ularly and maintained lo a hi8h stsndard throu8houi Ihe year). CLINICAL RISKS The Hospice is as an Indcpendenl Hospithl and inspecied as such by the Care Quality Commission. The Dire¢lor of ca and the CEO arc active participanis in the Local Intelli8en¢e Neiwork for Controlled Drugs. The Trust maintains Piofessional Indemnity Insuran for 411 of th¢ nur$e$ in pemian¢ni ¢mploym¢nt. IMPACT OF NA TIONAL NURSE SHORTAGE The country as a whole is experiencing a national shortage of Nursing and Healthcare professionals. The Trusi has addressed this risk by offering wmpelilive salaries and ben¢fits across l)oth ihc Hospice and our r¢sidenlial servicu. SiatT retention is ¢x¢¢llenl, llnd w¢ have Tecruit¢d 7 new memb¢rs lo the ieam who will begin their cmploymeni al Ihe Hospicc in Junc 2025. 12-
Francis House Family Trust Company Limited by Guarantee Trustees Annual Report Year Ended 3] March 2025 FINANCIAL IMPACT Thc last twelve months have continued to be ditTicult for Charities and Hospices in parti¢ular. Increas¢d cosis of Salaries, fuel and servi¢¢s have meani a significant rise in our operdtional exp¢nses. 80vemm¢ni's increase in National Insurance contribuiions will have a sisnificanl impact on our ¢mploymenl expenses in 202512026. The tre of the Children's Hospice grant remalns unclear particularly wilh the ongoing changes lo ihe slruclure of the NHS and ihe Governments prowsed l O-year plan. Paymenl of ihe Children's Hospice grani h&8 been guaranteed for 202512026 bul Ih¢r¢ is no elarity beyond Ihat time frame. The Trust is working with Together for Short Lives and is conlinuing lo lobby ihe govemmeni to ensure Ihe 8rani stays in place. The political uncertainty in the global economy has had a significanl negativ¢ impact upon the Trnsi's inv¢stmenls. Ihe Trustees coniinue to consult wilh iheir professional invesimeni advisers regarding the future of our invesiments in uncertain limes. The Trusl is currently opcraling with a significani deficit that is bein8 fvnded from res¢rves. The Trustees recogni¥ thai our income will have 10 increase si8nific8nily over the nexi five ye&rs to address Ihe shortfall. Steps are being ken io increas¢ our fijndraising and explore aliemative sources of funding. The Terminally 111 Adulis ffjnd of Life) Bill which is currenily progrrssing through Parliament is likely lo prcsenl chall¢n8cs lo ihe HosPiC¢ slI)r in 8¢n¢ral if il is ena¢i¢d inlo18w. The Trust will b¢ affected by gny chan8e5 and Ihe Trustees are carefully moniioring ihe siluoiion. RELA TIONSHIPS WITH OTHER PARTIES Every effort is made lo ii'ork alongside other local healthcare provid¢r5, speciali31 hospilals, general practitioners, consuliants, and community nursing teEuns. Thc Hospi¢e participaies in Ihe North Wesi Palliaiive Care Network. Specialisi Consuliants arc inviied io speak al the Doctors meeiings. Frdncis House has alivays iried io maintain 8d relationships iviih siatutory, providers. It is our aim lo improve ihe referral pro¢¢ss and to work ¢losely iyith NHS provid¢rs for the 8r¢aier good of lh¢ families. Francis Flousc mainiain5 meinbership of.. i) Togeiher for Short Livcs - Ihe naiional cordina10r of children's palliative care services. li) Hospice UK - the membership or8anisalion for Adult and Children's Hospices. The Chief Executiv¢ is an active participani in th¢ informal group for CEOS of Children's Hospic¢'$ in th¢ North of England and the nalional group for Chief Execulivcs of Cliildren's Hospices. The Director of ca and Clinical Leads Are Jclive participants in - i) Head of Care meetings for children's hospices in ihe North of England. ii) North Wesl Palliative Care Nctiyork. iii) Executive Clinical Leads in Hospice & Palliative Care Group (Eclihp). iv) Senior Staff and Doctors are enVraged io aiiend the events and training delivered by the Associaiion of Paediatri Palliative Medicine. 13-
Francis House Family Trust Company Lirnited by Guarantee Trustees Annual Report fc•nliiwed) Year Ended 31 Mareh 2025 THANK YOU Francis Housc is only able lo operalc throu8h the selfless dedicalion and commiim¢ni ofmany people. We cannot express our graiilude enough lo the st&ff who iwork in and around the Hospice, io our Consulianls and Associates who bring their specialist skills to our &8sisiance and ofcourse lo all ofour loyal supporters. Most of all we thank lh¢ young people and the families ivho use Francis House for their trust, their courage, their example and their $1 for living life ro Ihe fvll - they are ihe reason th Francis Hous¢ and Francis Lodgc cxist. TRUSTEES, RESPONSIBILITIES STATEMENT The Trusiees (who are also Ihe directors of Francis House Family Trust for the purwses of company law) are responsible for preparing the Tnjstces Annual R¢F4)rt and the financiAI siaiements in accordance with applicabl¢ law and United Kingdom Accounting Standards (United Kingdom Generally Accepied Accounting Praciice). Company Law requires Ihe trustees lo prepare financial stJlcmcnl3 for finanri¥l yw which give a Iru¢ and fjir view of the Slate of 8lTairs of Ihe trust and of Ihe incoming resour¢¢S and application of resour¢¢s, inGluding Ihe income and expendiluTe, of ihe ¢hariiable company for Ihat year. In preparing these financial slalemenls, the Truslees are required io.. sel¢ct $uitsble aecounting policies and th¢n gpply ihem consistently. observe the meil)ods and principles in the Chariiies SORP. makc judgem¢nts and accounlin8 e51imales Ihal are reasonable and prudent; slaie whether applicable UK Accounting Standards havc been folloived. subjecl lo any material departures disclosed and cxplained in Ihe financial staiemenis; and prepar¢ the financial siat¢m¢ni$ on th¢ going concern basis unless il is inappropriate to prcsumc thal Ihe charily ivill continuc in operalion. The Irustees are r¢sponsibl¢ for keeping adequale accounting record5 tliai disclose with reasonable accuracy at any lime ihe financial position of th¢ trusl and enable them io ensure th the financial staietrbenis comply with the Companies Aci 2006. They are also resrK>n5iblc for safcguarding the assets of Ihe Irust and hce for taking reasonable steps for the prevention and detection of fraud and oiheT irregularities. 14-
Francis House Family Trust Company Limited by Guarantee Trustees Annual Report Icontsmued) Year Ended 31 March 2025 AUDITOR Champion Accountants LLP ar¢ de¢mcd io be rc-apwinied under se¢tion 487{2) of the Companies Act 2006. DISCLOSURE OF iNFORMATION TO AUDITOR Each of the Irusl¢¢s has confirnied thai ihert is no informalion of which they are aware which is relevant to the audi¢ but of which the audiior is unaivare. They have further confimi¢d that they have taken appropriate steps to idenlify such rcl¢vanl infomiaiion and to establish that the auditor is aivaJe of such infonnation. Registered office: 390 pa8}V00d Road Didsbury Manchester M20 SNA Si8n¢d on behalf of the Truslees Jane Kempl¢r (Chair) 16 October 2025 15-
Francis House Family Trust Company Limited by Guarantee Independent Auditor's Report to the Members of Francis House Family Trust Year Ended 31 March 2025 OPINION W¢ have audited the financial statements of Francis House Family Trusi (the 'parenl entity,) and its subsidiary (the 'group') for Ihe year ended 31 March 2025 which cA)mprise the Consolidaied Sthtemenl of Financial Activilies. the Consolida1 Siatemenl of Financial Posilion, Ihe Trusi's Siat¢m¢nt of Financial Posilion, the Consolidated Statement ofcash flows, the Trust's Siatemeni of Cash flows and the nol¢s to ihe financial slatem¢nis, includin8 a summJry of significani accouniing policies. The financial reporting framework thai has been applicd in their preparation is pplicabl¢ laiv and United Kingdom Ac¢ounling Standards. including Financial Reponin8 Standard 102 The Financial Reporting Standard applicable in ihe UK and Republic of Ircland (United Kingdom Generally Accepted Accounling Praciice). In our opinion. the financial statcmcnls.. giv¢ a true and fair view of th¢ 5ts1e of the I"rusl's ond Group's affairs as al 31 March 2025 and of lis incomin8 resources and appliraiion of resources, including its income and expenditur¢, for th¢ year Ihen ended; have been properly prepared ITr accordance wilh Uniied Kin8dom Generally Accepted A¢counlin8 Practice; and hav¢ been prcpared in &crd3C wilh Ihe requirements of th¢ Companies Aci 2006. BASIS FOR OPINION Wc wnducled our audit in accordance with Inlemaiional S&ndards on Auditing (UK) OSAS (UK)) and applicable law. Our r¢5ponsibilitie5 under thos¢ standards are fijrther describ¢d in the Audilorfs responsibilities for Ihc audit of the financial statemenis section of our rcpori. Wt are independeni o'f the Trusi in accordance with ihe ethical requirements Ihal are relevant to our audil of the financial slalcmcnls in Ihe UK. including the fRC's Eihical Siandaxd, and we have ruifilled our other ethical rcswn$ibilitie5 in aLcordanc¢ with these requirements. We bclicve thai the hudil evidence we have obiained 1$ suifi¢ient and appropriate io provide h basis for our opinion. CONCLUSIONS RELATING TO GOING CONCERN In audiling the financial siaiements. w¢ have Lx)ncluded thai th¢ truste¢s' use of the 8oin8 con¢em basis of accouniing in Ihe preparniion of th¢ financial statemenls is appropriat¢. Blsed on ihe ivork we have perfomicd, Ive have noi tdentifi¢d any material uncertainlic$ relatin8 to events or condilions ihai, individually or colle¢tively* may cast significani doubi on th¢ trusl's ability to continue ag u going concern for a period ofat leasi Iwclve months from when the financial slalemenis are auihorised for issue. Our r¢sponsibililies and the responsibilities of the trusitts with respccl to going concem ar¢ described in Ihe relevanl seciions of this report. OTHER INFORMATION Th¢ oiher inforniation conipris¢s lh¢ irtformaiion included in lh¢ annual report oiher ihan th¢ financial slalemenis and our audiiorfs report ih¢reon. The irustees are responsible for Ihe other infomiaiion contained wiihin Ihe annual report. Our opinion on the financial slaiements does not cover the other infomaiion and. excepl lo Ihe exienl Otherlvise ¢xpli¢itly stated in our repori. Iv¢ do not express any form of assurance conclusion Ihereon. Our r¢sponsibility is to read ihe other infomialion and, in doing so, consider ii,heih¢r th¢ oiher infom)lon is malerially inconsisleni with the finhncial ststement5 or our knoivlcdge obiained in the course of the audil. or othenyisc appears to be materially misslaied. If ive identify such maierial irbcon5iStencies or appareni material misstatements, Ive are required 10 d¢lerniine whether this gives risc to a malcrial misstatement in the financial sthiemenls ihemsclves. If, based on Ille work iY¢ h8v¢ p¢rfomi¢d, we con¢lud¢ Ihal Ihere is a maierial misstatcmenl of ihis oiher infornialion, Ive are required lo report ihai faci. We have noihin8 to report in this rcgard. OPI]YIONS ON OTHER MAThERS PRESCRIBED BY THE COMPANJES ACT 2(H)6 In our opinion, based on the ivork undertak¢n in the wurs¢ of the audit: the inforniation given in the Truslees, Report. which includes the Strdlegi¢ Report and ih¢ Dir¢otor5' Report prepared for the purposes of company law, for Ihe financial ycar for which the financi81 stalcments are prepared is consist¢nl iviih the financial slatemenis. and Ihe Strdtcgic Repon and the Dircclors, Report includ¢d within ihe Truste¢s' Report hav¢ b¢en pr¢par¢d in accoTdance ivith applicable legal requirements. 16-
Francis House Family Trust Company Limited by Guarantee Independent Auditor's Report to the Members of Francis House Family Trust I¢1ta) Year Ended 31 March 2025 MAThERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the lighi of the knowledge and understanding of the trust and its environmenl obtsined in the cours¢ of the audil. we have not idenlified material misstatements in the Directors Repori included within th¢ Trustees, RepK)rt. We have noihing to report in respeth of the following matters in relatton io which the Companies A¢t 2006 require u$ to rep)rt lo you if, in our opinion- adcquaie accounling rewrds hav¢ not be¢n kepl, or rclurns adcqu&l¢ for our audit have noi been received rrom branches nol vi$iied by us. or suITicicnt accounting rccords have nol been kcpl. or thc financial 5CenIS are noi in agreemenl ivith the accounting record5 and relums. or certain disclosures of truslees, remuneration spc¢ified by law are not made. or we havc not received all the informalion and explanations we require for our oudit. RESPONSIBILITIES OF TRUSTEES As explain¢d mor¢ fully in th¢ Trusie¢s' Sialeineni of R¢sponsibililies, th¢ Trusiees (Ivho Mre also lh¢ Directors of the charilabl¢ company for ihe PUTposes of company law) are responsible for the pr¢paraiion of Ihe financial statements and for being salisfied ihal Ihey give a irue and fair view, and for such inlemal control a5 the Iruslees detemiine is necessary lo ¢nJbl¢ ihc pr¢paraiion of financial sta¢cm¢nlS that are free from ma¢¢ri41 misst&i¢m¢nl, wheth¢r dtse to fraud or Crror. In prcparing th¢ financiRI slalemenls, the Iruslces are responsible for assessing Ihe 8roup's obility lo conlinue 03 going con¢em, disclosing* &8 8ppli¢able, mailers relaied io going eoncem and using ihe going conccm basis of aeLounling unless the ¢ith¢r iniend to ase operaiions, or have no r¢alisiic altemaiive bul lo do so. AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINAiYCIAL STATEMENTS Our objectives are w obtsin reasonable assurance about wheihcr ik financial slalemenls as a whole are free from malerial misslatemeni. wh¢iher due lo frhud or error, and io issue an auditorfs report ihat includes our opinion. Rasonablc assurance is a high level of assurance, but is noi a guardntee thai an audit condLtcied in accordance wilh ISAS (UK) will always deleci a maierial missiatement ivhen il exisis. Misslalemenis can arise from fraud or error and arc considcred material if, indii'idually or in the aggregate. Ih¢y could rcasonably be expccied lo influenc¢ the ¢¢onomic decisions of users lak¢n on lh¢ bosi$ of th¢se financi&l siaicmcnis. Irrcgularilies, including fraud, are inslanc¢s of non-compliance iviih laws and regulaiions. We design procedures in line iviih our r¢SnSIbilI(1¢$. outlined above. to detecl maierial misstaiements in respeci of irregularities, includin8 fraud. Thc exlcnt to which our procedures are capable of deteciing irre8ularilies, including fraud. is detailed below. As part of our planning process.. We enquired of managem¢ni the sysiems and conirols ihe company hhs in placc, the areas of ihe financial slalcmenls that are mosily susceplibl¢ lo ihe risk of irregularilie5 and fravd, and whether th¢re any knoivn. suspccled or alleged fraud. The company did nol infomi us ofany known, s11sled or alleged fraud. We obtained an understanding of the legal and regulatory frameiyorks applicable to the trnsl. We detennined thal the folloiving were mosl relevant to ihe financial staiemenls.. Companies Aci 2006, FRS 102 & guidance giv¢n by the Charily Commission for England & Walcs,. and thos¢ ivhich do nol have a direcl effecl on ihe finw)cial 51atemenls. bul wmplianc¢ iyiih which may be fund¢un¢nlal lo Ihe Iru51's ability to op¢rate. Ivhich include r¢gulations r¢latin8 10 th¢ Care Quality Commission W¢ considered the incentives opportunities thai ¢xi$t in the compmny) including the extent of managemeni bia5, Ivhich present a ry)tential for irregularities and fraud to be p¢rp¢tuat¢d. and tailored our risk assessment accordingly. Using our knoivledge of Ihe company, logether iviih Ihe discussions held iviih Ihe company al the pl8nnin8 stage. ive fomied a conclusion on the risk of misstaiemenl duc lo irregularilies including fraud and iailored our procedu3 acGording io this risk assessment. 17-
Francis House Family Trust Company Limited by Guarantee Independent Auditor's Report to the Members of Francis House Famity Trnstlcontinued) Year Ended 31 March 2025 In resp)nse to the risk of irregulariiies and non-complianc£ with laiys and regulations, including fTaud, we designed procedures which included: Enquiry of management hnd ihose charged iviih govemance alound actual and wlential lilisation and claims as well as actual. suspected and allcged fTaud' Revieiying minutcs of meetings of ihose charged ivith govcrnance. Assessing the exieni of L%)mpliance with Ihe laivs and regulations considered to have a direct material effect on the financial Sthiements or the operalions of the entity through enquiry and insp¢clion; Revicivin8 financial siaiemenl disclosures and leslin8 to Supr11n8 documcntslion lo assess mplianCe with applicable laws and regulaiions. Perforniing Mudit work over the risk of managcm¢ni bias and overrid¢ of controls. inrluding tesiin8 ofjoumaj entries and oiher adjustTnenls for appropriatcness, evaluating the business ralionale of significant (ransaclions oulside ihe nomal course of business and reviewin8 accounting esiimales for indicators of wtenlial bias. There ar¢ inhereni limitsiions in the audit procedures described above. The mor¢ removed that laws and r¢8ul&tions ar¢ from financial Iransaclions, the less likely il is that we would beme aivare of non-wmpliance. Auditing slandards also limil ihe audil procedures rcquired to identify non4omplian¢e ivith laws and regulations to enquiry of ihe direclors and other management and the inspection of regulatory and legal CoeSpOndenCe, if any. The risk of ftol detectin8 a malerial misstalemenl r¢sulting from fraud is higher ihan one resulting from error, as fraud may involve collusion, forg¢ry. int¢ntional omi5sion$, misrepre5enlations, or the override of internal control. A further dcscriplion of our r¢sponsibilities for th¢ audit of the financial stsiemenis is loGaied on ihe Finhncial Reporting Council's websi1¢ al.. http'./lwiYw.frc.org.uk/auditorsrespon5ibililies. This description forn)s part of our auditor's report. USE OF THE AUDIT REPORT This report is made solely lo the charity's Iruslees. as a bodyi in accordance wilh Chapler 3 of Part 16 of Ihe Companies Aci 2006. Our audit work has been undertaken so that we mi8hi state lo ihe charily's trustees ihose matlers ve are required lo sialo lo Ihem in an auditors, repon and for no oih¢r purpose. To Ihe fullest exlenl pennitied by laiv, we do nol a¢c¢pl or assume responsibility to anyon¢ other than ihe ch8ritabl¢ company and Ihe Chbritable company's trusiees as a body• for our audit work, for this rewrt, or for the opinion$ we have fom)ed. G WOODALL FCCA (S¢nlor S¢atutory Amdlior) For on bthilf of CHAMPION ACCOUNTANTS LLP Chartered AccountAnts & Statutory Audilor 16 Oclober 2025 I Worsley Court High Str¢¢t Worslty Manch¢5t¢r M28 3NJ 18-
Francis House Family Trust Company Limited by Guarantee Consolidated Statement of Financial Activities (Incorporating the Income and Expenditure Account) Year Ended 31 March 2025 Unre5tricled Funds Reslrleted Funds Totsl Funds 2025 Total Funds 2024 Note ntome and endowmen¢$ Donations and legacies Other trading activilies Investment income 2,784.061 2,537.680 469,902 195,330 2,979,391 2,537,680 469,902 2,986,105 ,994,368 529.260 Total Income 3.791.643 195.330 5.986.973 5,509.733 Exp¢ndlture Expendilure on raising funds: Cos15 of raising donations and legacies Cos15 of other trading activities 7 Expendilure on ¢harilable a¢liviti¢s (370,242) (68.315) (370,242) {68.315) (358,305) (67.318) (7,426,885) (7,865.442) (36,453) (36,453) (7.463,338) (6,624,531) (7,050,154) To¢al re$oknre¢J expended {7,901,895) Nd gains / (loss¢s) on investments 9 Nel ineome l (d¢fi¢i¢) (304,929) (2,378,728) (304,929) (2.219,851) 1,174,551 158,877 (365,870) Net movement In funds (2.378,728) 158.877 (2.219,851) (365.870) Re¢oneilia¢ion of funds Tolal funds broughi fonvard Transfer of funds 26,785,607 199.291 77,600 {199,291) 37,186 26,863.207 27,229,077 Toeal funds ¢Arried forwanl 24,606,170 24,643.356 26.863,207 The Statemeni of Financigl Aclivilies includes all gains and los$ regnISeA1 in the year. All of Ihe al)ove amounts relate to Continuing aciiYiti¢s. The staiemeni of finai)cial athivities also complies with the requirements for an income and expenditure accounl under the Companies Act 2006. A s¢paraie Sialement of Financial Activilies. and income and expenditure accouni, for the charity itself are not presented because the charity has taken advgnlage of Ihe exemptions afforded by seclion 408 of Ihe Companies A 2006 and paragraph 397 of the SORP, The nol¢s on pages Z3 10 34 form p8rt ofthese fingnciAI s¢atem¢nts. 19-
Francis House Family Trust Company Limited by Guarantee Consolidated Statement of FinAncial Position As at 31 March 2025 Group 2025 Group 2024 Charity 2023 Charity 2024 Note Fixed Assets Tangible aslS Investments 14 15 7,129,327 7.452.226 7,129,250 7.448,750 16.987,876 19,156.151 16,987,876 19,156,151 24.117,203 26,608,377 24,117,126 26,604,901 Curr¢nl Assets Debtors C05h at bank and in hand 16 411.478 463,801 217.015 376.050 348,234 456,240 194,028 361,860 875,279 593.065 804,474 555,888 (349.126) (338,235) (279.824) (299.079) Credltors: Amounts (Illin8 due wlthln one year 17 Net Ct Asstts 526,153 254,830 524,650 256,809 Tot•1 A$s¢ts Less Curr¢ffti Li*bilities 24.643,356 26,863.207 24.641,776 26,861,710 Nel Assets 24.643,356 26.863.207 24,641,776 26.861.710 Funds of the Charity Reslricied funds Designaied funds Unresirictcd funds 37,186 77.600 -37.186 77,600 13.(KIO.000 13.Ix)o,000 13,000.000 13.000.000 ,606,170 13,785,607 11,604,590 13,784,110 Total ¢h•rity funds 20121 24.643,356 26.863.207 24,641,776 26.861.710 These financial sialcments ivere approved by Ihe members of the committee and auihorised for issue on the 16 October 2025 and are signed on their behalf by.. ane Kemp (Chair) er an8rez Company Registraiion Number.. 02519173 The noles on pages 23 to 34 form pwrt of iheg¢ finantial $141emen¢5. 20-
Francis House Family Trust Company Limited by Guarantee Consolidated Statement of Cash Flows Year Ended 31 March 2025 Grotsp 2025 Group 2024 Charity 2025 Charity 2024 Cash Flows from Operating A¢tivitit5 Net income l (d¢ficii) (2,219,851) (365.870) (2,219.934) (366.387) Depreciation Nei (gains) I losses on disposal of investments Fair valu¢ (gains) I losses on inv¢stmenis Income from investmenis N¢1 (ghin) I loss on sale of iangiblc assels 491,330 506.489 487,931 499,307 (61.570) 339.252 (61.570) 339.252 366,499 (1,513,803) 366,499 (1.513,803) (469,902) (529.260) {469,902) (529,260) 30.769 12,584 30.769 12.584 Changes in.. Trade and other debtors Trade and othcr creditors (194,463) 10,891 85.435 (154,206) 54,324 (19.255) (2.046,297) (1.410,849) (2,039,668) (1,418,036) 105,058 35,213 Net cash used in operaling aclivi¢i¢s C•sh Flows from Investing A¢tlvltles Dividends, inieresl and renis from inveslmenls Pur¢h95¢ Qf iBngibl¢ assets Purchase of other investmenls Proceeds from sale of tangible assels Proceeds from 5a1¢ of ()iher investments Net cash ouifloiy l (inilow) from other liquid invesim¢ni$ Nei ¢ash from inv¢siin8 a¢iivilies 469,902 529,260 469,902 529,260 (200,399) (236,051) (200,399) (234,203) (7,059,365) (2,632,461) (7,059,365) (2,632,461) 8,944,523 3,177,513 8,944,523 3,177,513 (20,613) 152,864 (20,613) 152,864 2,134.048 991.125 2,134.048 992,973 Nel intttast l (detrease) in tash and cash equivalents Ch in hand and at bank al the beginning of ihe year C8sh in hand and at bank ai the end ofihe year 87,751 (419.724) 94,380 (425,063) 361,860 786,923 456.240 376.050 795,774 463.801 376,050 361.860 The noles on pages 23 to J4 form p8rt of these financial statements. 21
Francis House Family Trust Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2025 GE]YERAL INFORMATAO The charity is a private company limited by guardniee, registered in England and Wales and a registered charity in England and Wales. The address of the registered oifice is 390 Parrswood Road, Didsbury, Manchester, M20 SNA. ACCOUNTING POLICIES A¢countin8 convenilon The financial slatemenis have been prepared in accordance wilh the trust's governing document, th¢ Coiiipanies Ari 2006 and "Accounling and Rewning by Chariii¢s.' Sthiemenl of Recommended Practice applicable io ¢harit1¢5 pr¢paTin8 their a¢u15 in accordance wilh the Fin3n¢ial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) {etTe¢iive l January 2019)" Th¢ trust is a Public Benefit Entity as defined by FRS 102. The financial slatements arc prepared in sterling, which is Ihe functional currency of ihe Charity. Monetary gmounts in these financial st&tem¢nts ar¢ rounded lo ihe nearest £. Th¢ financial siaiements have been pr¢par¢d und¢r th¢ his1or11 cosi convention, modified to include certain financial inslrumenls al fair value. The principal accounlin8 policies adopied ar¢ sel out below. Basis of consolid*tion In lh¢ parcnl company financial stalemenis, the cosi of a businc5s combinalion is the fatr value at ihe acquisilion dale of ihe 8sKls given, equity insirumenls issued and liabiliiies incurred or assumed, plus cosis directly aiiributable to th¢ busin¢$s wmbingtion. The excess of the cA)Si of a busin¢ss wmbinalion over ihe fair value or the ideniifiable asseis, liabilili¥s and contirtg¢ni liabiliiics acquired is recognised as goodwill. The cosi of Ihe combination includes the eslimated amouni of coniingent ¢onsid¢ralion that is probable and can be measured reliablyi and is adjLlSt¢d for rhanges in conlingenl consideralion aft¢r the acquisilion dale. Provisional fair valucs recognised for business combinaiions in pr¢vious periods are adjusted reirospcctivcly for final fair values detennined in the 12 months folloiying Ihe acquisition dalc. Inv¢slmenls in subsidiaries? joini venwr¢s and asso¢iate$ ar¢ aUnted for al cosi less impairnient. The consolidaied financial staiements in¢orrrf)rate those of Frartis House Family Trusl and all of its subsidiaries (ie enlilies ihai the group controls through its FK)wer lo govern ihe financial and operaiing FX)licie$ so as to obiain ¢¢onomi¢ benefits). Subsidiaries acquired during the y¢ar are consolidated using the purchase method. Their results are incoryK)ral¢d from ihc date Ihal conlrol p&sses. All financial slalements are made up 10 31 March 2025. Where necessary, adjustments are made to the financial siateinents of subsidiarics lo bring the accounting policies used into line with Ihos¢ used by oiher members of ihe group. All inlra-group transaclions, balances and Unalised gains on iTansactions b¢tive¢n group rompanies ar¢ eliminai¢d on ¢onsolidalion. Unrealised losses are also eliminated unless the transaction provides evidence of an impaim)¢nl of ihe asset Iransferred. -22-
Francis House Family Trust Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2025 ACCOUNTtNG POLICIES (¢on*nued) Going con¢tr At the time of approving ih¢ financial stal¢ments, the Trustees have a reasonable expeeiaiion ihal the Charil), has adequate resourccs lo conlinuc in operalional exislence for ihe lorcseeable fuiur¢. Thus Ihc Truslees conlinue lo adopt ihe going concern basis of accounling in preparing the financial staiemenis. Judgements And key souttes of estimatioth uncertainty The preparation of. Ihe financial stat¢m¢nts requires managem¢nl io make judgements, estimaies and assumptions that affecl the amounls,reported. These eslimaics and judgemenis are conlinually revieived and are b&sed on experience and other factors, including expeclations of futLJr¢ events ihat ar¢ believed lo be reasonable under the ¢IUM9tanCes Incoming resour¢¢$ Incomc is recognised when Ihe charity ha5 cnliilcmenl lo the funds, any rrominCe condilions allachcd to the il¢m(s) of income liave b¢en mei, it is probable that lh¢ income will be received and ihe amouni can be measured reliably. Incomc from government and oiher granls. whether 'capilal' grants or 'r¢venue' grants. is recogniscd when the haTily has ¢ntitl¢m¢nt lo Ihe funds, any performance conditions glt8ched to th¢ grants have been md, it is probable ihal ihe income will be received and ihe amouni can be mcasured reliably and is noi dcferred. For l¢gdcies. entitlemeni is taken as the earlier of the dale on which either.. Ihe charity is aware ihal probaie has been granied, the eslaie h&$ been finalised and nolificalion has becn made by ihe execuiorfs) to Ihe Trusl Ihal a distribution ivill be made, or when a dislribuiion 1$ received from the estate. Receipl of a legxy J in whole or ift . is only considered probabl¢ when ih¢ amount can b¢ mSured r¢liably and the rharily has b¢¢n rK)lified of the executor's inieniion io make a disiribulion. Wher¢ legacies have been noiified lo the charit),. or Ihe Charity is aivare of ihe granling of probal¢, and Ihc crileria for income rewgnilion have noi been met. then lh¢ l¢gacy is trcal¢d 85 8 wnlingeni a5sel and disclosed if material. Donalions received for resiricled purposes are aOunted for within reslricled r¢s¢rves. Oncc funds are expensed for the specific purpose of Ihc donalion, Ihe funds are Iransferred io unr¢stricted reserv¢s Resources Exp•nded Exp¢ndilure is accounted for iyhen incued. All cosls arc dire¢tly allribulable io sp¢Gific aclivilies. Fund-raising costs include the salaries, direcl exp¢ndilure and overhead costs of the staff in the fvnd.raisin8 office. Cosis in furtherance of the chariiable objects represent the ¢or¢ wsls of ihe charity including salarie5 and ovcrh¢ads. Support wsls are 4llocaled based on the activity of charilable activities. As ih¢s¢,are primarily relai¢d lo ¢aTe, support ¢osts are fully allocated here. Managemcnl and Administraiion costs represeni costs incurred by finance amd human resources attribuiable to the managemenl of the charity's as5¢ts, organisalional administyalion and compliance iipith conslilutional and stalulory requiremenl5. Charitable Funds The general unreslri¢t¢d fund comprises the aUMulated surplus on Ihe Stement of Financial Adiviiies l¢ss funds designat¢d for specific purtK)s¢s. The r¢5tri¢t¢d fund r¢pre5¢nts sp¢cifi¢ monie5 rclY¢d by the Charity for the purrx)se of contributing lowards Ihe pital c051 of the expansion iyork of the hospi and a550ciated ¢quipm¢nt. -23-
Francis House Family Trust Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 Mareh 2025 ACCOUIYTING POLICI ES Icondnuedj Flxed assels Tangible assets are initially record at cosi, and subsequenily sthied at cosl less any accumulated depreciation and impairnlenl losses. Any langible asseis ca1ed al revalued amounts are recorded ai the fair value at the date of revaluation le55 any subsequent accumulated deprla110 and subsequeni accumulaled impairn)eni losses. D¢preclAtlon Depreciation is Gal¢ul8ted so L8 10 write otT Ihc cost of an a5sel. less its cstimaied rIdual value, over ih¢ useful ewnomic life of ihai &$5et w follows- Freehold land and buildin85 Improvements lo property Fixlurcs and fitlin8S Molor vchicl¢s Siraighi line over 25 and 30 years Siraight line over the iemi of the le8St 130/0 reducing balance 250/• reducing balance The gain or10ss arising on the disposal of an assel is d¢lerniined as the difference between the sale procecds and Ihe carrying valu¢ of Ihe asset, and is recognised in net incomeJ(expenditure) for the year. Flxed Asset Investments Fixed assel investm¢nl8 8r¢ inilially mcasured al Iransaction price excluding transa¢lion c05lS, and 3 subsequently measured at fair value al each reponin8 dale. Chang¢s in fair value are r¢wgnised in net income I (expenditure) for Ihe year. Tran$a¢lion costs are exp¢nsed as incurred. Operating lease •grtemen¢s Rcnials applicable 10 operaiing leases where 5ubstaniially all of Ihe benefits and risks of ownership T¢main wilh the lessor are charged ag8insl profits on a straighi line basis over the period of the le&8e. Employee benefi1$ The cosl of any unused holiday entiilemeni is r¢¢ognised in ihe period in ivhich the employ¢e's service$ are Teceived. Terniinalion benefits arc rOgnISed immediately as an expense when ihe Chartty is dcmonslrably committed lo terniinate ihe eTnploym¢nl of an employee or to provide termination bcnefils. Penslon Costs Th¢ group Contribules lo ihe NHS defined ben¢fil superannuation schem¢. This is a mulii-einployer p¢nsion scheme and il is noi possible lo ideniify the &%s¢ts and liabilities of th¢ scheme ivhich are attributable lo the group. In accordan¢e with FRS 102 s¢¢lion 28 therefor¢. Ihe scheme is accounted for as a defined conlribulion s¢hem¥. The group also contributes lo defined conlribulion schemes for siaff ivho are ineligible lo join ihc NHS superannuaiion scheme ai 50/.. The assets of all schcmes which the group nIributeS to arc held separately from Ihose of th¢ group in independently adminislered nds. All contributions payable for the year are charged in Ihe SOFA. Cash and cash eqmivxlents C&sh and cash equivalents include &ish in hand, deIsItS held at call i¥iih banks, other short-terni liquid investmenls ivith original malurilies of ihree months or less. and bank overdrafts. Bank overdrafts a shown within borrowings in curreni liabililies. -24-
Francis House Family Trust Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2025 ACCOUNTIi4G POLICIES Impairment of fixed Assets At each reporting end date. the Charity reviews the carrying amounts of its tangible assels to delerniine whether there is any indication that those asseis have SLbffered an impaimient loss. If any such indication exists. the recoverable &nounl of the assel is cslimated in order to detemine the extent of Ihe impairnienl loss (if any). FlfflnclAI in$tr•ments The Chariry has elecied apply the provisions ol S¢clion I I 'Basic Financial InstYum¢nts' and Seaion 12 'Other Finan¢ial Instruments Issues. of FRS 102 to all of it$ financial instruments. Financial instruments are recognised in the Charity's balanct sheet when the Charity beeomes party to the conlraclual provisions of Ihe instrumenl. Financial ass¢ts and liabilities are olTsel. with the nel amounts pr¢5¢nl¢d in the financial sialements, when thcre is a legally enfOrab]e right set off the r¢wgni3¢d atnounls and there is an iniertlion to senle on a nel basis or 10 realise ihe assei and seiile the liabiliry simultaneously. Ba$1¢ fin4n¢ial 455ets Basic finanoial assets. which includc d¢btors and cash and bank balances. are inilially measured di iransaclion price in¢luding Irgnso¢1ion cosis and or¢ subsequenily ¢arri¢d al amortised cost U5in8 the elTeciive inter¢si meihod unless th¢ Arran8cmenl ¢onstilu¢¢s a financin8 Iransa¢lion, wh¢r¢ ¢h¢ transa¢iion is m¢asured al ihe pr¢seni value of th¢ future r¢c¢ipis discounied ai a mark¢t rai¢ of inicS1. Financial assets ¢l&ssifi¢d as reIV8b]¢ within one year are noi amortised. BASIC financial libilities B#siL fintthcial liabiliiies. includin8 creditors wid loan$ ure iniiially Tecognised al trsa¢ll0n price unless ihe Arrangemeni constitutes a finoncin8 ITansa¢iion, iyhere the d¢bi insirumeni is meusured 41 th¢ pres¢nl valu¢ of the fylur¢ payments di$counted 81 a rnarkel rale of inlerest. Fin8ncial liabililies classified as payable within one year ar¢ not amortised. Debt inslrumenis are subsequently carried al amortised cosl, usin8 ihe elTective inleresl rale method. Tr#de ¢r¢dilors ar¢ obli8alions io pay for 8ood$ or s¢rvic¢s thal have b¢¢n acquir¢d in th¢ ordinary r$¢ of operaiions from suppli¢rs. Amounis phygble ar¢ ¢lassifi¢d as CUTreni liabilili¢s if payment 1$ due wiihirt one yew or less. If no( Ih¢y ar¢ pres¢nt¢d as non.curr¢ni liabililies. I'rade crediloTS are recognised initially at transaction price and subsequciitly measUd al amortised cosi using ihe ¢ff¢ctiv¢ ini¢rcsl m¢ihod. tre¢nItIOn of finAn¢ig1 li8bililies Finan¢ial liabililies are dereco8nis¢d when the Cliarity's controctU81 obli8ations expire or are disch¥r8ed or cancelled. LIMITED BY GUARANTEE Francis House Family Trust is a cA)mpany limited by guarantee and acrdInglY does noi have a share capiial. Every member of the compan), undertakes lo contribute such wnouni as may be requircd not cxceeding £ I to the assets of th¢ charilable company in the ¢v¢nl of il being wound up ivhil¢ he or she 15 9 m¢mber, or wiihin one year after he or shc ceases lo be a member. -25-
Francis House Family Trust Company Limited by Guarantee Iyotes to the Financial Statements Year Ended 31 March 2025 DONATIONS AND LEGACIES Unres¢ricted Funds Restrlcted Total Funds Funds 2025 Tothl Funds 2024 Donations Donations L¢E4¢i¢s Lega¢i¢s Granls Int¢grat¢d Care Boards Grants Hospice UK Govemmenl Capital Grant NHS England Children's Hospice Grani 364,280 43,035 407,315 373,474 1,527,896 1,527,896 1,746,398 126.253 126.253 152,295 765,632 105,080 152,295 765,632 761.153 2,784,061 195.330 2,979,391 2.986,105 OTHER TRADING ACTIVITIES Unrestricied Funds Res¢rScted To¢al Funds Funds 2025 Tothl Funds 2024 Millennium fund Fundraising evenls Incomo from residential s¢rvices Shop incoine Christmas cards Ea51er chick appeal Promolion81 goods Fesiival of trees 1,819 663.782 1,680,285 73,094 18.390 72.470 1,800 26.040 1,819 663,782 1,680,285 73,094 18.390 72.470 1,800 26,040 2,537,680 1,892 608,832 1,202,903 78,578 15,247 60,351 3.489 23,076 2,537,680 1,994,368 INVESTMEi¥T INCOME Unrestricttd T•eAI Funds Funds 2025 Total Fuftds 2024 Income from lisl¢d inveslmenls Incom¢ from rash investments 447,856 22,406 447,856 22,406 529,056 204 469,902 469,902 529.260 -26-
Francis House Family Trust Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2025 COSTS OF EXPENDITURE ON CHARITABLE ACTIVITIES Tolal FndS 2025 Toi81 Funds 2024 Fundraising Shop Francis House Staff cos Depreciation Rcnl Raies & water Light and heal Repairs & maintenance Insurance Motor vehicle expenses TTavel and accommodation Consuliancy T¢lephone Housekeeping Mcdical expenscs Supervision, Counselling & Psychoih¢rapy cosls Staff trainin8 Siaff recruitment Evenis Prinling* Poslagc and staiioncry Chrisimas card5 Loss on disposal of fix¢d assei 238.549 30,265 4,866,975 491,330 159.692 36,136 15,274 117.742 65.494 17,507 612 183.240 32,238 130,006 79,783 5,135,789 491,330 178,942 38,730 15,274 120,567 66.191 20,690 612 183.240 32,238 130,006 79,783 4,421,921 506,489 169.984 41,973 172,498 94.582 57.857 17,440 1.076 180.OIXI 30,355 93,559 60,198 19.250 2,394 2,825 697 2,002 77.460 13,502 34,339 77.460 13,502 34,339 105,727 23,964 11,503 30.769 69,193 13,723 75,606 103,615 20,906 10,902 12.584 105.727 23,964 11,503 30.769 370,242 68,315 6,452,099 606,182 6,890,656 606,182 6,154,461 576.850 Share of supporf costs (see noie 8) sha ofgovemance Cosis (5e¢ note 8) 405,057 7,463,338 405,057 318,843 370,242 68,315 7,901,895 7,050,154 ANALYSIS OF SUPPORT COSTS Support Governante Cosls Cosls Tol41 Funds 2025 Total Funds 2024 Siaff wsis Premises Communili0nS and IT Gcncral office Prinling, 51a8¢ and Sthiion¢ry Auditors fees Legal and prof¢ssional Bank eharg¢s Investment advice 470,250 109.825 470,250 109,825 152,042 39,297 25,132 18,600 91.364 8.876 95.853 400,298 117.588 78.813 41,864 40,921 18.600 96.726 9,097 91.786 152.042 38,322 975 25,132 18,600 91,364 8,876 95,853 606,182 405,057 JJ 1.011.239 895.693 -27-
Francis House Family Trust Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2025 ]YET CAINS O]Y INVESTMENTS Unres¢rieted Total Funds Funds 2025 Total Funds 2024 Unreoli5ed Gainsl(losscs) on listed inveslm¢nls Gain51(10sses) on disposal of investmcni assels (366,499) 61,570 (304.929) (366,499) 61.570 ,513,803 (339.252) (304,929) .174,551 10. NET INCOME Net income is swed afler char8inW(crediiing): 2023 2024 Depreciation of tangible fixed 05sets Foreign exchange differences 491,330 506.489 491,330 506.489 11. AUDITORS REMUNERATION The fccs charged by the audiior can be further alYSed under the followin8 headings for services rendered: 2025 2024 Fees payable for ihe audit ofihe financial slalemenis 18,600 18,600 Fees payable io ihe irusi's audiior and ils associates for other services.. Fees for accounlin8 servic¢s Fecs for payroll Services Fees for IT serviccs 16.950 1,290 I 5,000 1.290 2,600 18,240 18.890 28-
Francis House Family Trust Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2025 12. STAFF COSTS AND EMOLUMENTS Tot41 $tgff costs were As follows: 2025 2024 Wages and salaries Social 5UritY costs Oiher pension cos 4,798,133 489.487 318.419 4,127.691 382.551 311.977 5,606,039 4.822.219 P*rti¢ulars of employees: The average numb¢r of employees during the year, Calculated on the basis of full-(ime equivalents, was as folloiv5'. 2025 2024 Number of nursing and care giafr. Number of fijnd-raising slaff Number ofoffice and adminislrglion slaty Numlxr of Maini¢nanc¢ and Dom¢siic slaff Number of cal¢ring siaff Number of r¢iail siaff 103 99 19 125 123 Nole: addilional analysis 8ivcn for 2025 which have previously been included within adminislraiion stjff. The number ofemploy¢es whose remuneration for the year fell iviihin th¢ folloivin8 bands, wer¢: 2025 2024 £60.0(K) 10 £69,999 £70,000 10 £79,999 £80,0(X) to £89,999 £90,0(K) to £99,999 £IOO,000 to £109.999 IJ. TRUSTEE REMUi¥ERA TION AND EXPEIYSES No remun¢ralion or oihcr benefits from employmenl ¥viih lh¢ charity or 8 relalcd entily were received by the tru51ees (or any rSonS connecled iviih Ihein). -29-
Francis House Family Trust Company Limited by Guarantee Noles to the Financial Statements Year Ended 31 March 2025 14. TANGIBLE FIXED ASSETS Group Improvements Freehold 14nd to buildings & building$ Fixtures & fittin8s Motor vohieles Totgl Cost Ai l April 2024 Addilions Disposals Al 31 Marth 2025 7,620,272 21,854 (71,525) 7,570.601 3,209,003 30,500 ,645,617 113,048 (55.514) 1,703,151 273,615 34,997 (8,982) 299.630 12.748.507 200.399 (136,021) 12,812,885 3,239,503 Depreti*tion Ai l April 2024 Charge for ih¢ year Elimination on disposals At 31 March 2025 3,689,418 256.390 (42,070) 3,903.738 442,748 107,248 955,466 107,779 (53,152) .010.093 208,649 19.913 (8.831) 219,731 5,296,281 491,330 (104,053) 5,683,558 549,996 Nei Book V&lue At 31 March 2025 3,666,863 2,689,507 693.058 79.889 7,129,327 Al 31 March 2024 3,930,854 2,766,255 690,151 64,966 7,452,226 Charlty Improvements Freehold land to buildings & blIding$ Fixlures & rittings Molor vehicles Total Cost Ai l April 2024 Additions Disposals At 31 Mareh 2025 7.620,272 21,854 (71.525) 3,209,003 30,500 1,604,801 113,048 (55,514) 1,662,335 273.615 34,997 (8,982) 299,630 12.707.691 200,399 (136,021) 12,772,069 7,570,601 3,239,503 Dtprttlation At l April 2024 Charge for ihe y¢ar Elimination on disposals At 31 Mareh 2025 3,689,418 256,390 (42.070) 3,903.738 442,748 107,248 918,126 104,380 (53,152) 969,354 208,649 19,913 (8.831) 219,731 5,258,941 487.931 (104.053) 549,996 5,642,819 Net Book Vthlue Ai 31 Marth 2025 3.666,863 2.689,507 692,981 79.899 7,129,250 At 31 March 2024 3.930,854 2.766.255 686,675 64,966 7.448,750
Francis House Family Trust Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2025 13. INVESTMENTS Movement in m*rkel value Cash or cash cquivalenls Listed inve51ments Total Cost or valuatlon Ai l April 2024 Additions Disposals N¢1 gains l (losses) on revaluations in ihe year Movement on cash h¢ld in th¢ year 17.663 19.138.488 19,156.151 7.059.365 7,059.365 (8,881,754) {8,881,754) (366.499) (366,499) 20.613 20.613 At31 M4r¢h 2025 38.276 16,949,600 16.987,876 Impilrment Ai l April 2023 and 31 March 2024 Carrying 4mouit Al 31 M4r¢h 202S 38,276 16,949,600 16.987,876 Ai 31 Mwch 2024 17,663 19,138,488 19,156,151 All inv¢$tmenis shown abov¢ are held at valuation. Fin#nclal assets held at f•lr VAlue The fair value of invesimenls is their market value ai the y¢ar end 16. DEBTORS Grnup 2025 Group 2024 ChArlty 2025 Charity 2024 Amounls oivcd by 8roup undcrtakings Oiher debiors Prepayments 4,893 13,021 330,320 13.021 398,457 39.860 177,155 39.860 154,168 411,478 217.015 348,234 194.028 -31
Francis House Family Trust Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2025 17. CREDITORS: Amounls falling due within one yegr Group 2025 Group 2024 ChvJrity 2025 Charity 2024 Trade creditors Taxaiion and social s¢curiiy Other creditors Amounis owed by group und¢rtakin8S ATual$ 119.641 108.433 56,889 16.723 97.512 45.793 101,021 76.600 46.200 104.217 67,976 35,558 22,417 68.911 64,163 78,207 56.(K13 349.126 338.235 279.824 299.079 Included within hccruals is an amount of £19,216 (2024.. £18,798) r¢laiin8 10 deferred inrA)me. This incfjme relates lo ¢Y¢nls which lake place after Ihc financial year end. 18. OPERATING LEASES The total futur¢ minimum I¢ payments under non-canc¢llable operatinB leases are as follows.. 2025 2024 Nol later Ihan l year Later ihan l year and noi Ier than 5 ye9 l.aler ihgn 3 years 163,784 655.136 327.368 158,312 633,248 474.936 1,146,488 1,266,496 19. PENSIONS AND OTHER POST RETIREMENT BENEFITS Defined ¢ontribulion plans The amount recognised in income or expenditure as an expense in relaiion lo defined coniribulion plans was £318,419 (2024.. £311,977). -32-
Francis House Family Trust Company Limited by Guarantee Notes to the FAnancial Statements Year Ended 31 March 2025 20. ANALYSIS OF GROUP CHARITABLE FUiYDS Re5trl£ted funds B41Ante at Apr 2024 Blan¢e at 31 Mar 2025 Net Income Trthsfers Donated ¢quipmenl Fund 77.600 158,877 (199.291) 37,186 Donations rCl¥ed for Testri¢ied purN)ses are accounted frir within restricted reserves. Once funds are expensed for the sp¢¢ific pUr$t of the donaiion, the funds ar¢ iransferred io unresiricied reserves D¢sigh*ted funds B4lan¢e at l Apr 2024 Bglance al 31 Mar 2025 Nei Income Trnn$fers Deficil budgel Fund Capithl expenditure nd 8.0(K),000 5,OCN),000 8,000,(K)O 5,000,000 13.000,000 13.000,000 Unrestritted funds B414n¢e 4t Apr 2024 In¢oming resources Balgnee At 31 Mlr 2025 TrAnsferJ G¢neral Funds 13.785,607 (2,378,728) 199,291 11,606.170 21. ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS Unresiricled funds Restricied funds Total funds 2025 Tangible fixed assas Invesllnenls Curr¢ni A35els Creditors less than l year Tot•1 Funds 7.129,327 16.987.876 838.093 (349,126) 24,606,170 7.129,327 16,987,876 707.045 (349,126) 24,643.3S6 37,186 37,186 -33-
Francis House Family Trust Company Limited by Guarantee Notes lo the Financial Statements Year Ended 31 March 2025 22. FINANCIAL INSTRUMENTS The carying amount for each category of financial insirument is as follows.. 2025 2024 Fin4n¢ial assets ihot Are debi inSirumen¢s mta5ur¢d At gmortised cost Financial asseis ihai debi insiruments mcasured al amorlised cAJst 10,170 Flnanel*l inslrumen¢8 MSred ai falr value ihrough prollt #nd 108S Finan¢ial instrumen15 me&sured at fair Yalue through profit and loss 16.949.600 19.138.488 FIM&n¢lal liAbiliil¢s musured At omortlsed ¢o$t Financial liabililies measured ai amortised cost (165.322) (143,30S) 23. RELATED PARTY TRANSACTIONS y virtue of cominon trusiees. CARITAS {Salford Diocese) is a related party. The Chorily has paid siie TC1, buildin8 insurance and rates cosis of £167,837 (2024.. £162,401) to CARI'fAS (Saiford Dioo¢s¢} during Lh¢ year. Ai ihe year end, a balance of £nil (2024: £77.214) was due to CARITAS {Salford Diocese)