Registered number: 01509313
Charity number: 509759
NOTTINGHAMSHIRE HOSPICE LIMITED
(A company limlted by guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
*ADH8138G*
0411212024
COMPANIES HOUSE
A03
#309

NOTTINGHAMSHIRE HOSPICE LIMITED
(A company Ilmlted by guarantee
CONTENTS
Page
Reference and administrative details of the Company, Its Trustees and advlsers
Trustees. report
Independent audltors, report on the flnanclal statement8
Statement of flnanclal actlvitles
2-11
12-15
16
Balance sheet
17-18
Statement of cash flows
19
Notes to the flnanclal statements
20-36

NOTTINGHAMSHIRE HOSPICE LIMITED
{A company limlted by guarantee
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Mr P Taylor
Mrs A Rowe
Mr C Peacock
DrVRDoel
Mrs J Brunner
Mr P Booth
Mr R Rolls
Mr P Caulfield (appointed 20 June 20231
Ms H Edwards (appointed 20 June 2023)
Mfs J Proctor (appointed 28 November 2023)
Mrs M Hawley (appointed 28 November 2023)
Ms 8 Whittaker (resigned 30 November 2023)
Mr B Brady (resigned 15 January 2024)
Company reglstered
number
01509313
Charlty reglstered
number
509759
Reglstered offlce
Fernleigh
384 Woodborough Road
Nottingham
NG3 4JF
Company secretary
Mrs M B Holmes
Indep•nd•nt audltors
PKF Smith Cooper Audit Limlted
Statutory Auditors
2 Lace Markel Square
Nottingham
NG1 1PB
Bankèrn
Barclays Bank PIC
PO Box 18
High Street
Nottingharn
NG16FF
Sollclto
Freeths LLP
Cumberland Court
80 Mount Slreet
Nottingham
NG16HH
Page 1

NOTTINGHAMSHIRE HOSPICE LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their Annual report together with the audited financial statements of the Company for the
year year 1 April 2023 to 31 March 2024. The Annual report serves the purposes of bolh a Trustees, report and a
Directors, report under company law. The Trustees confirm thal the Annual report and financial statements of the
charitable Company comply with the current statutory requirements, the requirements of the charitable
Company's governing document and the provisions of the Slalement of Recommended Practice (SORP)
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small Under section 382 of the Companies Act 2006. the Strategic report
required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors,
Report) Regulations 2013 has been omitted.
Introdu¢tlon
2023-24 has been a financially challenging year across the Hospice sector and this includes at Nottlnghamshire
Hospice. We ended the year with a planned deficit. This deficit has been partly due to our declsions to invest in
services, digital improvements and our workforce to secure our future. These investments have supported
significant strategic progress to ensure we conlinue to serve the people of Nottingharn and Nottinghamshire who
need us now and in future years.
Durlng the year the leadershlp leam 81 the Hospice has remalned stable which Is hugely positive agalnsl a
backdrop of change and economic volatility. In order to support the Leaderships teams further we have invested
in a leadership programme, and built strong relationships with the local Universities who have delivered a
number of projects with us. There have been many highlights this year including codesign of our new values,
expanding our Bereavement services into community locations. the redesign of our Wellbeing service to better
meet pallent needs and multiple local and national media stories describing the value of our services.
We have been successful In gaining lunding to continue our H08plce Night Support servlce which has increased
by 72% in one year. This highlights the need for these selvices out of hours, which not only enable more people
to die where they wish. but also relieve some of the pressure on our NHS colleagues, reducing admlsslons and
ambulance calls, We have also continued to work on our Qualty programme to ensure we remain vigilant in
Identi￿ng opportunities for service improvements.
During the year we said farewell lo our Trustee Becky Whittaker whom we thank for their seprfice as a member of
the Board. We have been delighted to welcome Hani Edwards, Paul Caulfield, Jane Proctor and Maria Hawley to
the Board, and look foThvard to their ongoing support and contribution.
I would like to thank our NHS Commlssioners and Charity and Communty Partners who we have worked with
throughout the year to continue to build Our SUPPOrt, influence and presence locally, Lastly, I would like to
personally thank our hospice teams, our army of wonderful volunteers who give of their time and all our
generous supporters, for all they do to support Nottinghamshire Hospice and our mission to add lrfe to days.
Objectlves and actlvltl•s
Pollcles and oble¢tlves
Our Vislon
Everyone in Nottinghamshire should have a good death. For them and their loved-ones, our end-of-life care and
support will be a beacon of hope and excellence in fulfilling this right.
Page 2

NOTTINGHAMSHIRE HOSPICE LIMITED
IA company Ilmited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Objectives and aclivltles (contlnued
Our Mission
To provide Hospice Care in all our communlties, led and Informed by their needs, striving to add life to every day
by..
providing therapy-based support to enable people to live well and understand the changes they will
experience in their lives, and the impact on the people important to them,.
Hospice in your Home available in every community-,
promoting independence and recovery through appropriate bereavement care., and
working with partners and Our communities to increase understanding of palliative and end of life care.
Our Values
Compassion., being indusive, kind, havlng empathy, empowering olhefs, having inlegrity and being patient.
Trust.. being authentic, unified. loyal, accountable, trustworthy, responsible, reliable and professional.
Amblllon.. being courageous. getting the right outcomes and results. improving our services and being the
best version of ourselves for the benefit of each other and our servlce users.
Our Objecllves
Our charitable purpose is to promote care and Ireatment of the chronically ill; especially those in the palliative
stage of their illness as well as support and care for families or carers of the bereaved. Specifically, we aim to do
this for people residing Within a 25 mile radius of the Hosw'ce building at 384 Woodborough Road, Nottingham
NG3 4JF.
We demonstrate this by providing high quality care, 7 days a week and 365 days of the year through a portfolio
of services..
ctrordinating care and case Management in collaboration with the wider healthcare community, supporting
self-referral and overcoming barriers people experience in gaining support at a challenging time;
providing people with care and support at a purpose designed Wellbeing and Therapy Centre offering
bespoke experiences and wellbeing sessions.,
providing palllative ￿re in patients, homes, supporting them, thelr loved ones and carers to experience a
good death led by their needs and wishes via our Hospice in your Home and Hospice Nighl Support,.
caring for Carers by providing emotional support, advice and guidance lor people who are relatives or frlend5
of a patient through a holistic approach;
providing emotional, psychological support and counselling for Ihose who are dying, those who are bereaved
and those affected by a death resulting from terminal or life limiting illness,.
offering information and support access points through Our community shops..
providing a comprehensive range of supporter care and engagement services which support the growth of
voluntary income needed to enable the provision of services; and
offering our compassionate local community the opportunity to gain volunteer experience while also
supporting challenges including isolation. poor rnental health and entry or re-entry into the employment
market.
Criteria for Measuring Success
The Trustees. criteria for Measuring success are as follows..
that we are able to deliver services our patients need,.
that we are able to develop our seNices to reach more people who could benefit from them,. and
that we are able to conlrol our costs and achieve a level of income that enables us to ensure sustainability
for the future.
Page 3

NOTTINGHAMSHIRE HOSPICE LIMITED
IA company Ilmlted by guarantee)
TRUSTEES, REPORT ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
ObJe¢tlvos and actlvltles (contInU￿
Our 2020-2025 Strategic Objectives are-
be a recognised centre of excellence for patients requiring community palliative care.,
be the charity of choice for people who share our values.,
deliver visible and inclusive access to end of life services across all communities in Nottin9hamshire', and
have in place a robust and sustainable business model which supports our strategy for delivery of end of life
5ervlces throughout Nottinghamshire.
In setting objectives and plannin9 for aclivities, the Trustees have given due consideration to general guidance
published by the Charity Commission.
b. Maln acllvlties undertaken to further the Company's purposes for the publlc benefit
At each Trustee Board Meeting. Trustees, in congultation with the Senior Leadership Team, develop and review
our objectives and activities. Careful consideration is given to our governing document and the Charity
Commission's guidance on the public benefit requirements under the Charities Act 2011.
As described above we provide public benefit through the operation of a portfolio of seryices which do not
discriminate against any element of our communities; respecting how these may be described by their
conslituent members, and specifically providing support for those who are in need of palliative and end of life
care.
The Board of Trustees further the charills purpose by having in place a range of strategies that enable us to
achieve our aims and objectives. These relate to..
clinical services including standard operatlng procedures;
financials including ihe Irealment of reserves and investments;
retail.,
fundraising and wider income generation.,
people SerVi￿s.. and
marketing and communications.
Achlevements and perfom)anc•
a. Revlew of actlvltles
This year we have consolidated our work in developing a robust leadership team and staffing model, improving
our governance and delivering excellent care.
Volunteern
We continue to operate with an arrny of volunteers who support us in a range of activities including gardening,
retail. administration, maintenance, emotional support and facilitating activities wilh patients. Our volunteers are
an essential resource in enabling us to provide outstanding care.
Retail
We are in year 2 of our retail strategy which has seen us delivering numerous operational improvements to
maximize efficiency and profitability. The increases in national minimum wage placed a cost pressure on our
retail offer, but the successes in operations have helped us to overcome this challenge. Further improvements in
our digital capa￿'l1ty will enhance our ability lo drive incorne.
Implementation of the strategy has delivered to plan and we are optimistic that our ambitions will continue to be
realised for the benefit of patients.
Page 4

NorriNGHAMSHIRE HOSPICE LIMITED
(A company limlted by guarantee)
TRUSTEES, REPORT ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achlevements and performance (contlnued)
Fundralsing
Nottinghamshlre Hospice is partnered with Your Hosplce Lottery (YHL> who operate a weekly draw which
Nottinghamshire Hospice receive income from. Your Hospice Lottery is promoted by St. Helena Hospice,
company limited by guarantee, and registered in England and Wales (company registralion number 01511841 >,
and a registered charity {charity number 280919). The lottery is licenced and regulated by the Gambling
Commission (accounl number 4685). With prior approval of scripts, telesales campaigns are conducted by YHL.
Notification of these aclivities are shared wrth the Head of Fundraising in advance.
Nottinghamshire Hospice is registered with, and regulated by, the Fundraising Regulator, and follows the Code
of Fundraising Practice and Fundraising Promise.
The fundraising challenges which face the wider Hospice sector have been felt al Nottinghamshire Hospice too.
We launched the Fundraising strategy in summer of 2023, with the aim of Inspiring people to act over a longer
period, grow new supporters and maximise new and existing opportunilies. Early signs are that the strategy Is
delivering these benefits and the new fundraising team are growing in confidence and experience.
"Your Hospice Lottery. contlnues lo run our lottery fundraising and we have a regular number of players which
Creates consistent income.
We express our thanks to all donors and supporters for their ongolng confidence, kindness and commitment.
Contractlng
The Hospice eonlinues to be the leading provider ol eommunity-based end of lile and palliatlve care across our
city and county. We are delighted to report the award of a new 5 year contract lor our Hospice Night Support
Service. Thls Is an essentlal servlce which helps support people Ihrough the night and avoids unnecessary
hospital admissions, reducing pressure on our NHS partners. Our contract in the Mid Notts and Ihe South area
has been extended for S years. and the City contract for one year, with a view to redefine and realign all
contracts es the local ICS commissioning landscape consolidates. 11 will be essential for the Hospice to maintain
the current levels of funding as a minimum if sepiices are to be sustained into the future.
We record our thanks to our commissioners and partners for their shared vision and commitmenl lo our belief
that everyone in our city and county has the right to a good death.
PR and Medla
We have been able lo share emotive. impactful and relevant stories about our patients and services both locally
and nationally this year through numerous channels such as local radio and national television. Our social media
presence has also been enhanced Ihrough increasing engaging posts on multiple channels.
b. Key perfonnance indlcators
Total income foi the year is £3,793,601 compared to £3,307,613 in 2022123. The variance relates to increases in
all the Hospice income streams
Total expenditure for the year is £4,200,443 compared to £3,797.604 2022123. The variance in expenditure
relate5 to an increase in the expense relatin9 to charilable activities.
Total funds at the year-end were £2,909,813 (2023.. £3.234.356). Unrestricted funds at the year-end were
£2.281,836 {2023.' £2,511,234) while restricted funds were £e27,977 12023.. £723,122). Included within the
unrestricted funds are designated funds totaling £832,339 (2023.. £1,141,635). The total of this fund relates to the
amount of unrestricted funds that has been invested in the functional fixed assets of the charity and income
provided to support the NHS in ils, Covid response.
Of the unrestricted funds. £213.836 relates to tangible fixed assets. These can only be realised once disposed
of. Of the restricted funds, £627,977 relales to tangible fixed assets and can only be realised once disposed of.
Page 5

NOTTINGHAMSHIRE HOSPICE LIMITED
(A company Ilmlted by guarantee)
TRUSTEES, REPORT ICONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Achlevements and perfomiance (contlnued)
c. Investment policy and perforn)anco
Each year the Truslees review the principles underpinning liquidity, investment and reserves to ensure that the
levels set remain valid and relevant to the needs of the Hospice,
An annual review is completed in support of the Financial Strategy. It identifies what the liabilities are that the
Hospice will face in relation lo its general running costs.
The review sets the figure that the Hospice should retain in liquid funds (cash and investments) sufficient lo
meet..
on-going commitments;
20OA of the hospice running costs; and
contingent liabilities.
In addition, it idéntifies the need for Investment for grovAh to retain and increase the value of thè H05pice's
capital funds. The Board of Trustees will determine and agree the appropriate level of investment in
development in Ilne with the Strategic Development Plan, the review. and the Financial Strategy.
The Hospice generates income to provide services in line with its charitable purpose5. Money is only held in
reserve where it is lo cover known liabilities, projected developments and to reasonably underpin long term
security for the organisation and the users of its services.
The Hosplce shall hold money available to assist the day-to-day cash-flow situation and to provide a level of
cover in extreme and immediate circumstances. The level of that Sum. proportionate to the level of funds held in
other forms, will be determined by the Trustees.
The investmenls are managed by Brewin Dolphin and Ralhbones on behalf of the Hosp'ce, and they report to
the Truslees biannually with any recommendations for improvement.
Total investment portfolio at year end stands at £1,024,515. Investments are held in managed portfolios with the
objective of generaling income and growth in value. Inveslments are made y￿th a risk approach of 'cautious wilh
risk"
d. Dellverfng excellent care
Across the year delivered..
Hospice at Home
Hospice Out Reach Service
Hospice Night Support
Bereavement Therapy
Wellbeing Services
25,956 hours
3679 contacts
9139 contacts
2040 hours
1479 sessions
In April 2023 we started using the internationally recognised "I Want Great Care. service to gather user
feedback. We received 214 comments throughout the year and were awarded the Certificate of Excellence for
conslstenlly outsianding scores. A selection of our feedback is below.
One of Ihe other key objectives of our Se￿iCe is to enable people to die where they wish. Most people want to die
in their own home and we facilltated 96% of people being able to achieve this.
Feedback from service users and stakeholders is actively sought so that we may further enhance our services.
Our Quality Account details this further but a selection of quotes is below:
Page 6

NOTTINGHAMSHIRE HOSPICE LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEO)
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and perfomiance (continued)
"I cannot begin to express my gratitude for the kindness offered, for the advice,. guidance and encouragement
given, we couldn't have supported her at the end of her life without you all"
"To all the Hospice staff. Thank you all so much for all of your help and cofflpassion that you provided for the lasl
few days of our precious Mum and Wife and the support you gave to my Dad by giving him so much help and
care of my Mum. You are an exceptional Hospice and we most certainly thank and appreciate everything that
you did for us when it was so difficult in the last few days. Once again, thank you for eVer￿h1ng,
°Sadly M passed away early in the morning of the 19th Oec. However, you were able to provide an overnight
nurse on that very night at very short notice, which enabled the family to rest more easily knowing that she was
looked after. and in the event, for someone to be with her at the end. She was trealed with respect and dignity,
for which we are very grateful"
'You just came in and fitted in with us all - coming and going. You stayed and Slstened to me and that was lovely.
I can'l thank you enough, you're very special"
'To all, we really appreciate the special care that you provide and the kindness you share with families like ours..
'Sometimes the words 'thank you. are simply not enough. You very kindly recently helped my mother in law. C at
the end of her life, As a family, we simply cannot thank you enough. Once again with sincere thanks. Keep
doing such amazing work..
'Dear All, I wanted lo thank you for your incredible patience and tenderness Wlth 8 over the past few weeks, You
made it possible for him to slay al home until the end of his life (exactly what he wanted> and that was no small
thing. We are all missin9 him dreadfully right now bul knowing you were there at the end brings us all great
comfort. We are all truly grateful for your love and kindness..
°We cannot thank you enough for your services. The dedicated, kind, and compassionat8 car8 we received was
outstanding..
'To all the team who supported us during the night and helped us to keep Mum at home which was her wish.
Thank you so much for all your kindness and hard work. Mum passed away peacefully,.
°We are all agreed that without your kind support at the most difficult of times, we would not have been able to
provide S with the care and attention that she deserved. Due lo your experien￿ and diligence, we were all able
to be present at her passing which was pain free as we had promised herf.
'To Hospice Care Staff. Thank you for the incredible support you've provided for our family during the difficult
time we had with our precious Dad (Grandad). We are truly grateful for your kindness and support. Your
unwavering commitmenl to others is truly inspiring"
Support servlces
We have been particularly proud of our Bereavement Support SeNice this year. The service provides emotional
and spiritual support as well as advice and information, for patients, friends and family that are affected by
palliative diagnosis or bereavemenl. Support was offered through one-to-one counselling, emotional 5UPPOrt and
through group activilies. We also started oulreach services to help people access support more easily. Demand
for the service rose again on the previous year, with excellent client feedback. In 2023124 we increased Ihe
number of hours of support we delivered by 180/0 10 2040 hours. Demand for the services afe high and we have
a waiting list which we are addressing by reviewing our session numbers, recruiting more support and increasing
opportunities for clients to attend groups.
Client satislaction with the service remains high, with 1000h reporting they are satisfied or extremely satisfied
with the service. A selection of client feedback is below:
Page 7

NOTTINGHAMSHIRE HOSPICE LIMITED
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achlevements and perfomlance Iconllnued)
°The group facilitators were understanding, supportive, thought provoking and non-judgmental. There was
excellent support. just enough input and support without feellng intimldated..
'The group had a lovely atmosphere and I felt safe and supported. I found the small group excellent and I was
able to talk about sensitive issues..
"A while ago I would never have gone to a counselling session as I get embarrassed, but I would now
recommend to anyone going through a bereavemenl or a difficult time to Speak up and get help..
.1 genulnely couldnl have been more satisfied. l am really grateful for their warm. sensrtive and non-judgmental
approach..
.1 felt safe to disclose my heartache about losin9 my dad. For me a phone call was v4hat helped. It was offered
when I was just ready to talk..
Financial r•vlew
'a. Golng concern
After making appropriate enquirie5, the Trustees have a reasonable expectation that the Company has adequale
resources lo continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statement5. Further details regarding the adoption of the going
concern basis can be found in the accounting policies.
b. OveThlew of financlal operatlons
The Trustees monitor the financial performance of the charlty on a regular basis. This includes a review of cash
generation and reserve levels aided by annual forecasts which include detailed profit and loss. balance sheet
and cash flow forecasts. Monthly management accounts. which are narrated by the Treasurer and the Dlreclor of
Finance and Resources at each Stralegy and Corporate Governance subgroup as well as all Board meetings,
are prepared and applied lo the forecasts giving a rolling position for the charity. In addition, income and
expenditure is reviewed throughout the year to ensure that On￿oing forecasts remain valid.
The Trustees therefore constantly monitor the going concem posltion of the charity and are satisfied that the
'going concern, principle applies.
They ensure that all financial resources are focused on increasing and sustaining care services, as well as
ensuring a robust infraslructure is in place to support front line staff in caring for patients. Donations, income
from shops and other charitable sources go directly towards patient care, ensuring everybody across
Nottinghamshire will receive compassionate, community care when they most need it.
c. Prlncipal risks and uncertalntles
The Trustees have a Risk Management Strategy whlch comprises..
an annual review of all the risks the charity may face.,
the establishment of systems and procedures to mitigate those risks.,
a bi-monthly review of major risks and mitigating actions,. and
the implementation of procedures designed to minimise any potential impact on the charty should any of the
risks materialise.
A risk register has been prepared and a risk score attached to each of the risks identified, representing a
combination of potential impact on the charity and likelihood of the risk malerialising. All risks with a weighted
score of 15 or more are deemed major risks and are monitored accordingly.
Page 8

NOTTINGHAMSHIRE HOSPICE LIMITED
IA company Ilmited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The key risks identified and our plans to address them are as follows:
income generation may not meet the required target and there is a significant shortfall in the levels required
lo support service delivery. An income generations strategy is in place to increase income from multiple
sources.
risks to staff safety during the delivery of community services during unsocial hours. Staff receive induction
and training on personal safety, and a procedure is in place to monitor staff safety.
GDPR (General Data Protection Regulalion) breach. We are now accredited with Cyber Essentials. and
IASME. We have a Policy in place, staff are trained, regular audits take place and the organisation has
completed the NHS Data Security Toolkit.
Structure, governance and management
a. Constltutlon
Nottinghamshire Hospice is a company limlted by guarantee governed by its Memorandum and Articles of
Association incorporated on 25 July 1980. It was amended for current governance arrangements on 20 July
2004 and further updaled and adopted on 18 March 2008 and again on 4 February 2014. It is a registered charity
wilh the Charity Commission and a company limited by guarantee registered with Companies House.
b. Methods of appolntmenl or olectlon of truslees
As sel out in the Articles of Association, the charity is governed by a Board of Trustees {Councll), conslstlng of
be￿een five and fifteen members. The Chair of the Board of Trustees is nominated by the elected Trustees of
the Board of Trustees, Trustees have the power to Co-opt other members as they feel appropriate. Co-opted
members seprfe for a lime Ilmited period.
All of our Trustees at Nottlnghamshire Hospice give freely of their time and thelr skllls and knovAedge are
invaluable to us. I would like to send a personal thank you to each and every one of them for their commilment
and support.
The Board of Trustees meet at least 4 times per year and in addition to full Board meetings they are also
involved in relevant subgroups, These subgroups are the Quality and Safety subgroup and the Strategy and
Corporale Governance subgroup. Both groups are chaired by Trustees and supported by the Senior Leadership
Team, and work within terms of reference agreed by the Board of Trustees. The Trustees lead the strategic
direction of the charity and act as an oversighl board to the remunerated Senior Leadership Team who manage
the operational aspects of the charity on a day.ttrday basis.
None of the Twstees receives remuneration or other benefits from their work with the charity. Any personal
interest a trustee or senior manager has within the charity must be disclosed to the full Board and an annual
declaration of interests made.
Page 9

NOTTINGHAMSHIRE HOSPICE LIMITED
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management Icontinued)
c. Pollcles adopted for the Inductlon and tralnlng of trustees
On appointment and after reference checking and D8S certification, new truslees are provided wlth an inductlon.
They are invited in to the hospice for an induction day where Ihey will meet key membefs of the management
team, understand the work of each team and be shown round Ihe building. They receive a pack of information
that includes all key policies, the structure of the Board and the subcommittees: our Memorandum and Articles of
association and details of where to find all policies from the website.
Each new trustee is buddied up with an existing trustee so that they have a Board member to ask for help and to
clarify an￿hIng they are unsure of and with wthom they may wish to discuss agenda items for upcoming
meetings.
The Chair of the Board checks in with new Iru5tees after the first few months to see how they are finding things
and if there is any help or support they need to fulfil their role as trustee.
Routine training of trustees is undertaken online, using the Bluestream Academy port81. Training required is
determined by the senior management team and nollfied to each individual via email. Records of completion are
reviewed by HR and the Chair receives a monthly report highlighting completion rates and any outstsnding
modules, Chair follows up with individual truslees to ensure training is completed as required. Any additional
training needs are identified in discussion bemieen Chair and Trustee and external courses sourced when
required e.g. The role of the Trustee.
d. Pay pollcy for key management personnel
General rates of pay award are ag￿ed by the Board al the annual budget discussion meeting and this applies to
members of SLT and LT but excludes the CEO. The level of award is recommended by the CEO and
benchmarked against.NHS and other slmilar organisations.
The pay of Ihe CEO is agreed by the Board al appointment and annual awards are discussed and agreed by the
Remuneration Committee. a subset of the Board and which includes the Chair, the Treasurer and at least one
other Trustee.
Plans for future perlods
During 2024-25 we will be focusing on embedding our Care, Income Generation, Marketing and
Communications and Equalrty Diversity and Inclusion strategies and developing further plans to ensure we are
meeting the end of life requirements of the community. This will include understanding the needs of patients in
terms of type and location of service offer.. understanding what fundraising will need to look like in the coming
years.. and renegotiating our NHS contracts as the changes across the commissioning landscape emerge. There
is much to look fO￿ard to. We have a proactive team with ambitions lo drive a high quality, sustainable services
to support our communities.
Thank you all for your support of Nottinghamshire Hospice.
Page 10

NOTTINGHAMSHIRE HOSPICE LIMITED
IA company limited by guarantee
TRUSTEES, REPOR T {CONTINUEOI
FOR THE YEAR ENDED 31 MARCH 2024
Statement of trustees, responsibllltles
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for
preparing the Trustees, report and the financlal statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law,
the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair
view of Ihe stale of affairs of the Company and of its incoming resources and application of resources, including
its income and expenditure, for that period. In preparing Ihese financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.
observe the methods and principles of the Charities SORP (FRS 102)-
make judgments and accounling estimates Ihat are reasonable and prudent:
stale whether applicable UK Accounting Standards (FRS 102) have been followed. subject to any material
departures disclosed and explained in the financial stalemenls..
prepare the financial stalemenls on the going concern basis unless it is inappropriate lo presume that the
Company will continue in business.
The Trustees are responsible for keeping adequate accounling records that are sufficient to show and explaln
the Company's transactions and disclose with reasonable accuracy at any time the financial position ol the
Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the
preventlon and detection of fraud and other irregularitles.
This report has been prepared in accordance with Ihe provislons applicable to entities subject to the small
companies exemption regime in the Companies Act 2006.
Dlsclosure of infomiatlon to auditors
Each of the persons who are Trustees at the time when thi8 Trustees. report is approved has confirmed that..
so far as that trustee is aware, there is no relevant audit information of which the charitYs auditors are
unaware, and
Ihat trustee has taken all the steps that ought to have been taken as a trustee in order lo be aware of any
relevant audit information and to establish that the charity's auditors are aware of that information.
Audltors
The auditors. PKF Smrlh Cooper Audit Limited. have Indicated their willingness to contlnue in office. The
designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.
Approved by order of the members of the board of Trustees and signed on their behalf by..
Mrs J Brunner
Chair of Trustees
Date..
Page11

NorriNGHAMSHIRE HOSPICE LIMITEO
(A company Ilmlted by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF NorriNGHAMSHIRE HOSPICE LIMITED
Opinlon
We have audited the financial statements of Nottinghamshire Hospice Limited (the 'charitable company.) for the
year ended 31 March 2024 which comprise the Statement of financial activities,. the Balance sheet, the
Statement of cash flows and the related notes, including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards. including Financial Reporting Standard 102 'The Financial Reporting Standard applicable
in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Praclice).
In our opinion the financial statements..
give a true and fair view of the stale of the charitable company's affairs as at 31 March 2024 and of its
incoming resources and applicats'on of resources, including its income and expenditure for the year then
ended,,
have been properly prepared in accordance .wilh United Kingdom Generally Accepted Accounting
Practice.. and
have been prepared In accordance wlth the requlrements of the Charities Act 2011.
Basls for opinion
We conducled our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial slalements section of our report. We are independent of the charitable company In accordance
with the ethical requirements Ihat are relevant to our audrt of the financial statements in the United Kingdom,
including the Financial Reporting Council's Ethical Standard, and wè have fulfilled our other ethical
responsibilities in accordance with these Tequirements. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In 8udrting the financial statements, we have concluded that the trustees, use of the going concern. basis of
accounting in the preparation of the financial slatements is appropriate.
Based on the work we have performed, we have not identified any material uncertalnties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to
continue as a going concern lor a period of at least ￿e1ve months from when the financial statements are
authorised for issue.
Our responsibilrties and the responsibilitles ol the trustees with respect to going concern are described in the
relevant sections of this report.
Page 12

NOTTINGHAMSHIRE HOSPICE LIMITED
(A company Ilmlted by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF NOTTINGHAMSHIRE HOSPICE LIMITED
ICONTINUED
Other Information
The other information comprises the information included in the Annual report other than the financial statements
and our Auditors. report thereon. The trustees are responsible for the other information contained within the
Annual report. Our opinion on the financial statements does nol cover the other information and, except to the
extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Our
responsibility is to read the other information and, in doing so, consider whether the other information is
materially inconsistent with the financial statements or our knowledge obtained in Ihe course of the audit, or
otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to deleTmin& whether this gives rise to a malerial misstatement in the financial
statements themselves. If, based on the work we have performed, y￿ conclude that there is a material
mi5Stalernent of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on whlch we are requlred to report by exceptlon
We have nothing to report in respect of the followin9 matters where the Charities {Accounts and Reports)
Regulations 2008 requires us to report to you if, in our opinion..
Ihe information given in the Trustees, report is inconsislenl In any material respect with the financlal
slalements. or
sufficient accounting records have not been kept., or
the financial statements are not in agreement wlth the accounting records and relurns., or
we have not received all the information and explanations we require for our audit.
Responslbllltles of trustees
As explained more fully in the Trustees, responsibilitie5 Stalement, the Irustees (who are also the directors of the
charitable company for the purposes of company law) are fesponsible for the preparation of the financial
statements and lor being satisfied that they give a true and fair view, and for such internal control as the trustees
determine 15 necessary to enable Ihe preparation ol financial slatements thal are free from material
misstatement, whether due to fraud or error.
In preparing the financial statemenls, the trustees are responsible for assessing the charitable company's ability
to continue as a going concern. disclosing. as applicable, matters related lo going concern and using the going
concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease
operations. or have no realistic altemalive but to do so.
Page13

NOTTINGHAMSHIRE HOSPICE LIMITED
(A ¢ompany Ilmlted by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS'OF 'NorriNGHAMSHIRE HOSPICE LIMITED
(CONTINUED)
Auditors. responslbilltles for the audlt of the financial statements
We have been appointed as auditor under section 144 of the Charities Ad 2011 and report in accordance with
the Act and relevanl regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement. whether due to fraud or error, and to issue an Auditors, report thal includes our
opinion. Reasonable assurance is a high level of assurance. but is nol a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a matenal misslalemenl when it exisls. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, lo detect material misstatements in respect of irregularities,
including Iraud. The extent to which our procedures are capable of detecting irregularities, including fraud is
detailed below.
Based on our understanding of the charitable company and industry. we Identlfy the key laws and regulalions
affecting the charitable company. We identified that the principal risk of fraud or non-compliance with laws and
fegulations related to..
Management bias in respect of accounling eslimales and judgements made;
Management override of conlrol.,
Posting of unusual journals or Iransactions.
We focussed on those areas Ihat could give rise to a material misslatemenl in the charitable company's financial
slatements. Our procedures included, but were not limited to..
Enquiry of management and those ¢har9ed with governance around actual and potential litigation and
claims, including instances of non-compliance with laws and regulations and fraud.,
Reviewing minutes of meetings of those charged with governance where available.,
Reviewing legal expenditure in the year to identify instances of non-compliance with laws and regulations
and fraud;
Reviewing financlal statement disclosures and testing to supporting .documentalion to assess compliance
with applicable laws and regulations.,
Performing audit work over the risk of management override of controls. including testing of joumal entries
and other adjustments for appropriateness. evaluating the business rationale of significant transactions
outside Ihe nomal course of business and reviewing accounting estimates for bias. In particular. revenue
recognition and fixed asset depreciation.
11 is the primary responsibility of management, with the oversight of those charged with govemance, to ensure
that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the
prevention and detection of fraud.
Because of the inherent limitations of an audit. there is a risk that Vle will not detect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements. as y￿ will be less likely lo become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website al.. www.frc.or
.ukJaudilorsres
nsibilities. This description forms part of our
Auditors, report.
Page 14

NOTTINGHAMSHIRE HOSPICE LIMITED
{A company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF NOThINGHAMSHIRE HOSPICE LIMITED
(CONTINUED)
Use of our report
This report is made solely to the charilable company's trustees, as a body. in accordance with Part 4 of the
Charities (Accounts and Reports} Regulations 2008. Our audit Work has been undertaken so that we might slate
to the charitable company's trustees those matters VR are required to state to them in an Auditors, report and for
no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone
other than the charitable company and ils members, as a body, for our audit work, for Ihis report, or for the
opinions we have formed.
PlcE SWJL tsftr L..;
PKF Smlth Cooper Audlt Llmlted
Statulory Auditors
2 Lace Market Square
Nottingham
NG1 1PB
(I
PKF Smith Cooper Audit Limited is eligible lor appolntment as auditor of the charity by virtue of its eligibility for
appointment as auditor of a company under section 1212 of the Companies Act 2006.
Page 15

NOTTINGHAMSHIRE HOSPICE LIMITED
IA company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Charitable activities
Raising funds
Investments
851,575
1.967.737
1,104,398
59,891
10,000
661.575
1,967,737
1,104,398
59,891
761, 787
7,446,044
1,068,025
31,757
Total Income
3,783,601
10,000
3.793,601
3,307,613
Expendlture on:
Raising funds
Charitable activities
1,059,784
3.035,514
1,059.784
3,140,659
1, 169,861
2, 627, 743
105,145
Total expendlture
4,095.298
105,145
4.200,443
3. 797, 604
Net expenditure before net
galnslllosses) on investments
Net gainsl {105ses) on Investments
Nèt movement In funds I net
expendlture
<311,697>
82,299
(95,1451
{406,842)
82,299
(489, 991)
(76.087)
15
(229,398)
(95,145)
1324,543)
(566.078)
Reconclllatlon of funds:
Total funds brought forward
Net movement In funds
2,511,234
(229.398)
723,122
{95,145)
3.234,356
(324.543)
3,800, 434
(566,078)
Total funds carrled forward
2,281,836
627.977
2.909,813
3, 234,356
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 20 to 36 form part ol these financial statements.
Page 16

NOTTINGHAMSHIRE HOSPICE LIMITED
(A company limlted by guarantee)
REGISTERED NUMBER: 01509313
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Tangible assels
Investments
14
841,813
1.024,515
905, 578
947.062
1,866.328
1,852, 640
Current assets
Stocks
Debtors
Cash at bank and in hand
6,544
472,713
803,339
8, 236
305, 509
1, 228,235
16
1.282,596
1,541,980
Creditors= amounts falling due wilhin one
year
17
(239,111)
(160, 264)
Net current assets
1,043,485
1,381, 716
Total assets less current Ilabllltle5
2,909,813
3,234,356
Total net assets
2,909,813
3,234, 356
Charity funds
Restricted funds
Unrestricted funds
22
627,977
2,281,836
723. 122
2.511,234
22
Total funds
2,909,813
3, 234, 356
The enlity was entitled to exemption from audit under section 477 01 the Companies Act 2006.
The members have not required the entity to obtain an audit for the year in question in accordance with section
476 of the Companies Act 2006.
However, an audit is required in accordance with section 144 of the Charities Acl 2011.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statemenls.
The financial slatements have been prepared in accordance with the provisions applicable to entities subjecl to
Ihe small cornpanies regime.
Page 17

NOTTINGHAMSHIRE HOSPICE LIMITED
IA company Ilmlted by guarantee)
REGISTERED NUMBER: 01509313
BALANCE SHEET ICONTINUEDI
AS AT 31 MARCH 2024
The financial statements were approved and authorised for issue by the trustees and signed on their behaff by..
Mrs J Brunner
Trustee
Date: I q. 11. ILP
eacock
Trustee
The notes on pages 20 to 36 form part of these financial statements.
Page 18

NOTTINGHAMSHIRE HOSPICE LIMITEO
(A company Ilmited by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024.
2023
Note
Cash flows from operating activltles
Net cash used in operating activities
24
(395,486)
(97, 848)
Cash flows from Investlng actlvlties
Dividends. interests and rents from investments
Proceeds from the sale of property, plant and equipment
Purchase of propety, plant and equipment
Proceeds from Sale ol investments
Purchase of investmenls
59,891
6,360
(88,570)
158,143
(185,234)
31,757
8, 300
(24,949)
190.856
(198,507)
Net cash lused In)Iprovlded by investlng actlvltles
(29.410)
7.457
Cash flows from financlng actlvitie$
Net cash provlded by financlng activitkns
Change In cash and cash equlvalents in the year
Cash and cash equivalents at the beginning of the year
(424,896)
1,228,235
(90,391)
1,318,626
Cash and cash equlvalents at the end of the y•ar
25
803,339
1, 228,235
The notes on pages 20 to 36 form part of these financial statements
Page 19

NOTTINGHAMSHIRE HOSPICE LIMITEO
(A company limited by guarantee
NOTES TO THE'FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General Information
The charity is a company limited by guarantee and is incorporaled in England and Wales.
The address of its registered offi'ce is..
Fernleigh
384 Woodborough Road
Nottingham
NG3 4JF
Accountlng pollcle8
2.1 Charlty status
The charity is a company limited by guarantee and has no share capital, Each of the trustees Is liable
to contribute an amount not exceedlng £1 towards the assets of the charity in the event of liquidation.
2.2 Ba818 of preparatlon of Ilnanclal Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 2019}, the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and Ihe Companies Act 2006.
Nottinghamshire Hospice Llmlted meets the definition ol a publlc benefit entlty under FRS 102,
Assels and liabilities are initially recognised at historical cost or transaction value unless othepévise
stated in the felevant accountin9 policy.
The financial statements are presented in Sterling. which is the functional currency of the company,
and are rounded to the nearest £1.
2.3 Incom•
All income is recognised once the Company has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probabillty of
receipt and the ability to eslimate with sufficient accuracy the amount receivable. Evidence of
entitlement to a legacy exists when the Company has sufficienl evidence that a gift has been left to
them (through knowAedge of the existence of a valid vrfill and the death of the benefactor) and the
executor is satisfied that the property In quesij'on will not be required to satisfy claims in the estate.
Receipt of a legacy must be recognised when il is probable that il will be received and the fair value
of the amount receivable. which will generally be the expected cash amount to be distributed to the
Company, can be reliably measured.
Grants are included in the Statement of financial activities on a receivable basis. The balance of
income received for specific purposes bul not expended during the period is shown in Ihe relevant
funds on the Balance sheet. Where income Is received in advance of entitlement of receipt, ils
recognition is deferred and included in. creditors as deferred income. Where enlitlement occurs
before income Is received, the income is accrued.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donatlon.
Income tax ￿COVerable in relation to investment income is recognised at the time the investment
income is receivable.
Page 20

NOTTINGHAMSHIRE HOSPICE LIMITED
(A company Ilmlted by guarantee)
NOTES TO. THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles (contlnued)
2.4 Expenditure
Expendllure is recognised once there is a legal or constructive obligallon to transfer economic benefit
to a third paty, il is probable that a transfer of economic benefits will be required in settlement and
. the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each aclivity. Direct costs attributable to a single activily are allocated directly
to that activity. Shared costs which contribute lo more than one activily and support costs which are
not attributable to a single activity are apportioned belween those aciivities on a basis consistent with
the use of resources. Central slaff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portlon of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its
charitable purposes and includes cosls of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Company's oblectives, as well as any associated support costs.
All expenditure is inclusive of Irrecoverable VAT.
2.5 Tanglble flxed assets and depreGlatlon
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cosl model, tangible
fixed assets are measured al cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost ol tangible fixed assets less their residual value
over their estimated useful lives.
Depreciation is provided on the following bases..
Freehold interest in land &
buildings
Leasehold improvements
Planl and machinery including
motor vehicles
Fixtures, fittings and equipment 33.33 or 20% straight Ilne
4Vo slraight line
33.33% straight line
33.33 or 200/0 Straight line
2.6 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value based on Ihe mid-markel value as at the
Balance sheet date, unless the value cannol be measured reliably in which ease it is measured at
cosl less impairment. Investment gains and losses, whether realised or unrealised. are combined and
presented as 'Gainsl(Losses) on investments. in the Slatemenl of financial activities.
2.7 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for
obsolele and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed
and variable overheads.
Page21

NOTTINGHAMSHIRE HOSPICE LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS.
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies Icontinued)
2.8 Debtors
Trade and other debtors are recognised al the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade'discounts due.
2.9 Cash at bank and In hand
Cash at bank and in hand includes cash and short-term highly Ilquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.10 Llabllltles and provlslon$
Liabilities are recognised when there is an obligation at the Balance sheet dale as a result of a past
evenl, il is probable that a transfer of economic.benefit wlll be required in settlement, and the amount
of the settlemenl can be estimated reliably.
Liabililies are recognised at the amount that the Company anticipales it will pay lo settle the debt or
the amount it has received as adVan￿d payments for the goods or services il must provide.
2.11 Flnanclal Instruments
The Company only has financial assets and financial liabllities of a kind that qualify as basic financlal
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured al their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.12 Operatlng leases
Rentals paid under operating leases are charged to the Statement of financial activities on a straight-
line basis over the lease term.
2.13 Penslons
The Company operates 8 defined conlribulion pension scheme and the pension charge represents
the amounts payable by the Company to the fund in respect of the year.
2.14 Fund accounting
General funds are unrestricted funds vthich are available for use at the discretion of the trustees In
furtherance of the general objectives of the Company and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular
purposes. The aim and use of each designated lund is set out in the notes to the financial
statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Company for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Inveslment income, gains and losses are allocated to the appropriate fund.
Page 22

NOTTINGHAMSHIRC HOSPICE LIMITED
(A compani limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YtAR ENDED 31 MARCH 2024
Critical accounting estlrnates and areas of Judgment
The preparation of the financial statements requires the Trustees to make judgments, estirnates and
assumption5 that affect the amounts reported for assets and liabilities as at the balance sheet date and
the amounts feported for revenues and expens8s during the year. The trustees are of the opinion Ihat
there are no key assumptions concerning the future and other key sources of estimation uncertainty at the
balance sheet dale that have a significant risk of causing a material adJustment to the carrying amounts of
assets and liabililies within Ihe next financial year, except for the following.
Crltical accounting estimates and assumptions:
Income recognition - Income is recognised in accordance wlh its nature. See accounting policy note 2.3
for further details.
Fixed assel depreciation Tangible fixed assets are depreciated over their e¢onomic useful lives taking
into account residual values where appropriate. The actual lives of the assets and residual values are
assessed annually and may vary depending on a number of factors.
, Income from donatlons and lega¢le8
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Donations
Legacies
Other grants
125,389
399,936
126,250
125.389
399,936
136,250
78,852
345.932
337,003
10,000
Total 2024
651,575
10,000
661,575
761,787
Tot812023
540, 799
220, 988
761, 787
Incorne from Charitable activities
Unrestricled
funds
2024
Total
funds
2024
Total
funds
2023
Payments from govemment or public authorities in the
normal course of trading
1,967,737
1,967,737
1.446,044
All income from charitable activities in both the current and previous year relate to unrestricted funds.
P8ge 23

NOTTINGHAMSHIRE HOSPICE LIMITED
(A company Ilmlted by guarantee)
NOTES, TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from ralslng funds
Unrestricted
funds
2024
Total
funds
2024
Total
lunds
2023
Shop income
Warehouse takings
Fundraising - events
Lottery membership income
956,170
24.319
66.537
57,372
956,170
24.319
66.537
57,372
939, 890
1,460
60, 781
65,894
1,104.398
1.104.398
1, 068, 025
All income from ralsing fund5 in both the current and previou8 year relate to unrestrlcted funds.
Investmont Income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Income from listed investments
Bank interest receivable
19,758
40,133
19,758
40.133
14, 129
17,628
59.891
59,891
31,757
All investment income in bolh the current and previous year relate to unrestricted funds.
Page 24

NOTTINGHAMSHIRE HOSPICE LIMITED
(A company limited by guarantee)
IQOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Expendituro on raislng funds
Retail activlties
Unrestricted
funds
2024
Total
funds
2024
Tolal
funds
2023
Costs of goods sold
Other direct costs
Establishment costs
Repairs and maintenance
Deprecialion of tangible fixed assets
Office expenses
Bank charges
Legal and professional cosls
Wages and Salaries
12,431
7,726
206,153
23,139
15.365
43,537
8,271
5,248
401,184
32,301
12,831
12,431
7,726
208.153
23,139
15,365
43,537
8,271
5,248
401,184
32,301
12,831
10.615
15,517
232, 782
92, 208
24,221
16,970
5,687
13,392
461,365
35, 938
14,333
Pension cosls
768,186
768,186
923,028
.Fundralslng events
Unrestricted
funds
2024
Total
funds
2024
Total
lunds
2023
Cost of fundraising events
Other direct costs
Office expenses
Bank charges
Administration of investments
Wages and salaries
12.996
5,499
9,051
4,967
4,919
228,933
18.433
6.800
12,996
5.499
9,051
4,967
4,919
228,933
18,433
6,800
17,024
4,310
10,272
1.017
8, 144
185, 956
14,485
5, 482
Pension cosls
291,598
291,598
246, 690
Page 25

NorriNGHAMSHIRE HOSPICE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure on raising funds {continued)
Lottery
Unrestrlcted
funds
2024
Total
funds
2024
Tot81
funds
2023
Lottery prttes
143
Anatysls of expenditure on charllable actlvltles
Summary by fund type
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
Total
2023
Provision of hospice services
3,035,514
105,145
3,140,659
2,627. 743
10. .Analysis of 8xpendlture by actlvltles
Activrties
undertaken
dlreclly
2024
Support
costs
2024
Total
funds
2024
Total
lunds
2023
Provision of hospi￿ services
2,225,351
915,308
3,140,659
2,627, 743
Tot812023
1,828,596
799, 747
2, 627, 743
Page 26

NOTTINGHAMSHIRE HOSPICE LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10.
Analysis of expendlture by actlvltles {contlnued)
Analysis of dlrect costs
Tolal
funds
2024
Total
funds
2023
Staff costs
Depreciation
Direct hospice serlices
1,928,180
94,783
202,388
1.598, 179
108, 890
121,527
2.225,351
1,828,596
Analysls of support costs
Total
funds
2024
Total
lunds
2023
Staff costs
Depreciation
Audilors, remuneration
Marketing
Legal and professional
IT cosls
Sundry expenses
Premises expenses
Recruitment and training
Loss on disposal of fixed assets
635,895
35,838
13,035
20,762 '
14,841
77,201
43,685
40,352
27.399
6,300
528.291
54, 265
16, 158
25.014
7,023
58,972
38, 158
36,641
34,625
915,308
799, 147
11. Auditors. remuneration
2024
2023
Fees payable to the Companvs auditor for the audit of the Company's
annual accounts
10,780
11,050
Fees payable to the Companls auditor In respecl of..
Non-audit services.. statutory accounts preparation
2,255
2,050
Page 27

NOTTINGHAMSHIRE HOSPICE LIMITED
IA company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12. Staff costs
2024
2023
Wage5 and salaries
Social security
Other pension costs
2,948,103
230,501
85.953
2, 566, 843
199, 943
77,243
3,264.557
2,844.029
The average number of persons employed by the Company during the year was as follows..
2024
No.
2023
No.
Management & support staff
Clinical services
Retail services
25
83
23
26
73
24
131
123
The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60,000 was..
2024.
No.
2023
No.
In the band £60,001- £70,000
In the band £90,001 . £100,000
13. Trustees, remuneration and expenses
During the year, no trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 March 2024, expensès totalling £NIL were relmbursed or pald directly to
trustees (2023 - £NIL).
Page 28

NOTTINGHAMSHIRE HOSPICE LIMITED
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOEO 31 MARCH 2024
14.
Tangible fixed assets
Plant and
machinery
including
motor
vehicles
Freehold
interest in
land and
Leasehold
buildings improvemenls
Fixtures,
fittings and
equipment
Total
Cost
At 1 April 2023
Additions
Oisposals
2,096,761
63,067
371,804
34,715
(12,550)
2,531.632
68,570
(22,745)
33,855
(1,700}
{8,495)
At 31 March 2024
2,096,761
32.155
54,572
393,969
2,577,457
Depreclatlon
Al 1 April 2023
Charge for the year
On disposals
1,274,834
69,095
60,462
2,604
{8,495)
290,758
55,005
(12,300)
1,626,054
130,621
{21,031)
3,917
(238)
At 31 March 2024
1,343.929
3,881
54,571
333,463
1,735,644
Net book value
At 31 March 2024
752,832
28.474
60,506
841,813
Al 31 March 2023
821,927
2,605
81,046
905,578
Page 29

NOTTINGHAMSHIRE HOSPICE LIMITED
(A company Ilmlled by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15.
Flxed asset Investments
Listed
investments
Cash
deposits
Total
Cost or valuatlon
At 1 April 2023
Additions
Disposals
Revaluations
930.348
69,902
(57,125)
50,362
16,714
11ts,332
(101 ,018)
947,062
185,234
(158,143)
50,382
At 31 March 2024
993,487
31,028
1,024,515
Net book value
At 31 March 2024
993,487
31,028
1,024,515
At 31 Ma￿h 2023
930,348
16,714
947,062
16. Debtors
2024
2023
Due wlthln one year
Other debtors
Prepayments and accrued income
59,591
413,122
83,496
222,073
472,713
305,509
17. Creditors: Amounts falllng due wlthin on• year
2024
2023
Trade creditors
Taxation and social security
Other creditors
Accruals and deferred income
74,060
65,597
23,479
75.975
72, 146
45,859
17,887
24,372
239,111
160,264
Page 30

NOTTINGHAMSHIRE HOSP.ICE LIMITED
{A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18.
Penslon commltments
The Company operates a defined contribution pension scheme. The pension costs charge for the period
represents contributions payable by the charity to the scheme and amounted to £85,953 {2023 - £77,243).
Contributions totalling £23,391 (2023 - £19,087) were payable to the scheme at the end of the period and
are included in Creditors.
19.
Operating lease commltments
At 31 March 2024 the Company had commitments to make future minimum lease payments under non-
cancellable operating leases as follows..
2024
2023
Not later than 1 year
Later than 1 year and not laler than 5 years
53,358
44.938
67,431
37.502
98,294
104, 933
20. Flnanclal Instruments
2024
2023
Financial assets
Financial assets measured al amortised cost
881,930
1,311,731
2024
2023
Flnanclal Ilabllitles
Financial liabilities measured at amortised cost
(163,1361
(135, 892)
Financlal assets measured al amortised cost through income and expenditure comprise cash at bank and
other debtors.
Financial liabilities measured at amortised cost through income and expenditure comprise trade creditors,
laxalion and social security and other creditors.
Page 31

NOTTINGHAMSHIRE HOSPICE LIMITED
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
21. Related party transactlons
Controlllng party
The Company is controlled by the trustees who are all directors of the Company.
The Company has not entered into any related party transactions during the year, nor are there any
outstanding balances owing between related parties and the Company at 31 March 2024.
Key management personnel
Total employee benefits paid to key management personnel was £378,343. {2023 - £372.869).
Page 32

NOTTINGHAMSHIRE HOSPICE LIMITED
IA company Ilmited by guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
22. Ststement of funds
Statement of funds - current year
Balance at
31 March
2024
Balance at 1
April 2023.
Gainsl
(Losses)
Income Expenditure
Unrestrlcted lunds
Deslgnated funds
Fixed assets
Designated Funds
214,958
926,677
66.854
(67.976)
(308,174)
213.836
618,503
1,141,635
66,854
(376,150)
832,339
General funds
General Funds- all funds
1,369,599
3,716,747
(3,719.148>
82,299
1,449,497
Total Unrestrlcted funds
2,511,234
3,783,601
(4,095,298)
82,299
2,281,836
Restrlcted funds
Bathroom refurbishments
Department of Health
Dignity in care
Horizons of Hope - Phase111
8ereavemenl Support
Hospice extension
Kitchen
The Lady Evelyn and Sir
Joseph Pope Fund
Reception area refurbishment
Mobile digitalisation
23,194
482,000
98,894
65,997
32,500
871
1,153
(1.855)
136,930)
110,148)
{4,113)
(42,500)
(133)
(314)
21,339
445,070
88,748
61,884
10,000
738
839
1,053
8,794
8,666
(81)
(407)
(8,688)
972
8,387
723,122
10.000
(105.145)
627,977
Total of funds
3,234,356
3,793,601
14.200,443)
82,299
2,909,813
Our designated funds are separate from our core care work income, they provide ring-fenced funding that
we use to invest in and support new care initiatives that deliver lasting benefits for our patients, their
families and carers.
Page 33

NOTTINGHAMSHIRE HOSPICE LIMITED
{A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
22. Statement of funds Icontlnu•d
Statement of funds - prlor year
At l Apn'l
2027
G81n￿ . At 31 March
(Losses)
2022
Income Expenditu
Unrestrlcted funds
Designated funds
Fixed assets
Designated Funds
290,518
1,320.610
24,949
(700,509)
(393, 933)
214,958
926,677
1,611,128
24.949
(494,442)
1,141,635
General funds
General Funds- all funds
1,416,038
3,061, 676 (3, 032, 028)
(76, 087)
1,369,599
Total Unrestrlcted funds
3,027,166
3,086,625 (3,526,470)
(76,087)
2,511,234
Restricted funds
Bathroom refurbishments
Department of Health
Dignty in care
Horizons of Hope - Phase111
Bereavement Support
Hospice extension
Kitchen
The Lady Evelyn 8nd Sir
Joseph Pope Fund
Reception area refurbishment
Hospice night support
(previously PORT)
Mobile digitslisation
Complementary therapy
25,049
518,930
109,040
70,110
(1,855)
(36, 930)
(10,146)
(4,113)
(10,000)
(133)
(314)
23,194
482,000
98.894
65.997
32,500
871
1. 153
42,500
1,004
1,467
1, 134
9,201
(81)
(407)
1.053
8, 794
178.488
(178,488)
(8, 667)
(20, (￿?)
17,333
20, 000
8,666
773,268
220, 988
{271, 134)
723. 122
Total of funds
3,800,434
3,307,613 (3, 797, 604)
{76,087)
3,234.356
Page 34

.NOTTINGHAMSHIRE HOSPICE LIMITED
(A company Ilmlted by guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
23. Analysis of net assets between funds
Analysls of net assets between funds - current perlod
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
213.836
1.024,515
1,282.596
(239.111>
627,977
841,813
1,024,515
1,282,596
{239.1111
Total
2,281,836
827,977
2,909.813
Analysis of net assets between funds . prlor period
Unrestricled
funds
2023
Restricled
funds
2023
Tot81
lunds
2023
Tanglble fixed assets
Fixed asset investments
Current assets
Creditors due wthin one year
214,956
947.062
1,509,480
(160,264)
690,622
905,578
947,062
1,541,980
(160.264)
32.500
Total
2,517,234
723, 122
3,234.356
Page 35

NOTTINGHAMSHIRE HOSPICE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
24.
Reconciliation of net movement In funds lo net cash flow from operating actlvlties
2024
2023
Net expenditure for the period {as per Statement of Financial Activities)
(324,543)
(566,078)
Adjustments for:
Depreciation charges
(Gainslllosses on investments
Dividends, interests and rents from investments
Loss on the sale of fixed assels
Decreasel{increase) in stocks
(Increaselldecrease in debtors
Increasel{decrease) in credilors
130,621
{50,362>
159,891)
(4,646)
1.692
(167,204)
78.847
163.155
76,087
(31.757)
(8, 300)
(7,341)
301,691
(25.305)
Net cash (used In)Iprovlded by operatlng actlvltl•s
(395,486)
(97,848)
25.
Analysls of cash and cash equlvalents
2024
2023
Cash in hand
803.339
1,228,235
Tolal cash and cash equlvalents
803,339
1, 228,235
26. Analysls of changes In net debt
At 1 April
2023 Cash flows
At 31 March
2024
Cash at bank and in hand
1,228,235
(424,8961
803,339
1,228,235
{424,896>
03,339
Page 36