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← St Rocco's Hospice

2025-03-31-accounts

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ST. ROCCO’S HOSPICE

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(A company limited by guarantee} Report of the Trustees and Audited Financial Statements For the period ended 31 March 2025

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ST. ROCCO’S HOSPICE

(A company limited by guarantee}

Index to Annual Report and Accounts For the period ended 31 March 2025

Reference and Administrative Details 3
Structure, Governance and Management 5
Oojectives and Activities 15
Strategic Report 19
-
Activity and Performance		 20}
-
Financial Review		 22
-
Plans for Future Periods		 34
Report of the Independent Auditors 36
Statement of Financial Activities 40
Balance Sheet 4?
Cash Flow Statement 43
NotestotheFinancialStatements 44

5T, ROCCO’S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

REFERENCE AND ADMINISTRATIVE DETAILS

COUNCIL MEMBERS

At the date of this report, there are currently ten Trustees of St, Rocca’s Hospice,

Mr A Cannell Nir | Gleave Mir) Currie Ms¢ Hugall Mir S Kelly NirsNM Porter Or CA Kelly Mer R Scanlon

NirG Hindle (Chair) Orb Saeid

HOSPICE CHIEF EXECUTIVE

Mrs § Currey

SECRETARY SENIOR MANAGEMENTTEAM

Mir A Cannel!

Mirs $ Currey (CEQ)

Mrs C Vannerem-Martin(Director of Finance & Corporate Governance)

Or € Sulaivany (Medical Director and Locum Consultant in Palliative Medicine)

Ms S Black (Chief Operating Officer)

Mirs M1 Egerton (Director of Commercial Development) from May 2024

Mrs 5 Donley (Director of People & Corporate Services) from July 2024

SENIOR CLINICAL TEAM

Mirs T Griffin (Registered Manager and Clinical Lead Outreach Services}

Virs § Cooke (Clinical Nurse Specialist}

REGISTERED OFFICE

Lockton Lane

Bewsey Warrington WAS BW

REGISTERED NUMBER

1565543

REGISTERED CHARITY NUMBER

511592

AUDITORS

Xeinadin Audit Ltd

116 Duke St, Liverpool, L1 S/W

BANKERS

Hsec 11 Bridge Street Warrington, WAL 2E¥

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5T. ROCCO’S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025.

INVESTMENT MANAGERS

Evelyn Partners Group Ltd Royal Liver Building, Pier Head, Liverpool, L3 iny

Hargreaves Lansdown Asset Management Limited One College Square South, Anchor Road, Bristol, BS1 SHL

Blackrock Investment

SOLICITORS

1? Throgmoerton Avenue, London, EC2N 201 Napthens ?Winkley Square, Preston, PRi 2D

Watsons Solicitors 13 Bold Street, Warrington, WAL 1D

The Trustees of St. Racco’s Hospice, who are also Directors of the Charity for the purpose of the Companies Act 2006, submit their annual report and the audited accounts of the Company for the 15-month period ended 31 March 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice SORP 2015 (Financial Reporting Standard 102) ‘Accounting and Reporting by Charities’ issued in October 2020 in preparing the annual report and accounts of the charity.

The accounting period has been lengthened by 3 months to 15 months to 31 March 2025. The reasons for the change in the accounting period are to coincide with the NHS yearend, our Hospice colleagues’ year-end and make comparisons easier. As such, the comparatives with the previous year are not entirely comparable. The change of year-end was approved by the Board of Trustees on 30 July 2024 and the AGM on 3 September 2024,

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ST. ROCCO’S HOSPICE (Registered Number: 1565543} Trustees’ Annual Report For the period ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

CONSTITUTION

St. Racco’s Haspice is a company, limited by guarantee but not having a share capital (Company No, 1565543), and is registered as a Charity under the Charities Act 1960 (Registered Charity No. 511592). The company was set upon 2 June 1981 and is governed by a Memorandum and Articles of Association.

Management of the Company is vested in the Board of Trustees, referred to in the Articles of Association as The Council, which is made Up of Trustees. Every Trustee undertakes to contributehe/she to the assets of the company in the eventof it being wound up during the time is a Trustee, or within one year afterwards. The amount that may be required will not exceed one pound for payment of the debts and liabilities of the company contracted before the time when he/she ceases to be a Trustee. The role of Trustee is a voluntary one and is therefore not paid.

COMPANY STATUS

The company is limited by guarantee and the liability of each member is limited to £1. The company currently has SO members {December 2023: 51).

APPOINTMENT OF TRUSTEES

The appointment of trustees follows a standardised procedure, In accordance with the Charity Commission's recommendations, the importance of a diverse range of skills, experience and backgrounds is acknowledged to optimise board outcomes and reflect good govermance.

Recruitment of new trustees starts at the point of identification of a board fap; possible candidates are then identified either through advertising or through orofessional networks and contacts, Appointment is only completed following a regulated recruitment process to include a formal interview, DBS check and reference requests.

Trustees are usually appointed for an initial period of three years and as such are required to retire at the Annual General Meeting following the completion of a three-year term. At this point trustees are eligible to put themselves forward for a further term to a maximum of three terms,

During this reporting cycle, a number of new Trustees have been appointed to the Board and the number of members currently stands at 10.

INDUCTION AND TRAINING OF NEW TRUSTEES

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$T. ROCCO'S HOSPICE (Registered Number: 1565543} Trustees’ Annual Report For the period ended 31 March 2025.

New Trustees receive a comprehensive induction pack to acquaint them with St. Rocco’s Hospice policies and practices, its aims and activities, Management and governance, and also with what is expected of them under charity law, with particular reference to Charity Commission and Hospice UK guidance publications. Training covers safeguarding, fire safety, information governance, cybersecurity and other training relevant to their role. As part of our focus on our Patient Safety Strategy we now include the national Patient Safety and Oliver McGowan Training programmes.

This is supported by an annual appraisal process led by the Chair.

THE BOARD OF TRUSTEES

The Trustees, who served during the period were as fallows:

MrG G Hindle {Chair} Mr Russ Scanlon (appointed 23January 2024)
Mir S Kelly Mirs M Porter
Mr A Cannell Mir & Chadbourne (resigned 28January2025}
Mr t Gleave Dr L Saeid
Mir Currie
Ms CHugall

Trustees are appointed by the members at the Annual General Meeting after namination in accordance with the procedures detailed in the company’s Articles of Association,

This time, there are three Trustees retiring at the AGM:

Mr A Cannell, Mr | Gleave and Mr S Kelly retire by rotation (art. 47a tbc).

TRUSTEES’ VALUES AND PUBLIC BENEFIT

The Trustees have considered the Charity Commission’s guidance on public benefit and, in particular, the guidance on the relief of those in need by reason of ill-health, The Trustees believe that this charity provides a public benefit because its principal activity is to promote the relief of suffering in palliative/terminal illness through a range of inpatient and outreach services. In doing this we work closely with our community to increase awareness and support through a collaborative approach to loss, death and dying.

Peopie access our services by means of referral by their GP, Hospital Consultant, Clinical Nurse Specialist or other health or social care professionals, as well as by self-referral, Admission to our services is determined only by clinical and psychosocial need without reference to gender, race or faith. The Hospice’s services are free of charge to patients and their families.

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$T. ROCCO'S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

The Organisation’s Vision and Values are:

Resilience — physically, psychologically, emotionally and financially Outreach — trying new ways of working with other organisations and to understand our community

Compassion — to all in all we do

Connection — with our patients, carers, volunteers, staff anc our community Outstanding — to be the best we can be Standards — of high-quality care in all that we do

As we end our current strategic period we have worked to develop a refreshed strategic plan. As part of this process, we have re-emerged our values. Our values are there to unite us and reflect why we exist as an organisation and the way we go about our work.

Working together, united by our common values, wi!l be fundamental to achieving our future strategic goals. Our refreshed values are detailed below:

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5T. ROCCO'S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

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5T. ROCCO’S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

GOVERNANCE AND INTERNAL CONTROL

The Board of Trustees are accountable for the strategic direction of the charity. The Board takes a collaborative approach to determining the strategic direction working in partnership with the Hospice leadership team and stakeholders.

The Board of Trustees and its structure has been designed to align reporting and accountability of operational and strategic objectives, and the Board meets quarterly. During the last 15-month period, quarterly meetings have been supplemented by “Board Away Days” to facilitate the in-depth strategic discussions and decision mak'ng required when updating our direction, This period, away days have been instrumental in framing the approach we have taken to our next strategic period. To ensure the Board have remained integral to this important process, a task and finish group was formed,

The CEO and members of the Senior Management Team (SMT) attend Board meetings as core members to report against strategic and operational performance; wider tearm members are co-opted as required. Each Board commences with a Patient Story to ensure the orimary objective of the hospice remains the focus.

To enable the Board to carry out its duties effectively and in full, the Board delegates powers and responsibilities to Sub-Committees. Each Sub-Committee is chaired by a Trustee and has terms of reference defining membership, responsibilities, and delegated authority. These are reviewed annually by the Sub-Committee and aporoved by the Board.

Currently there are four sub-committees with three that meet quarterly. They cover:

The Chair of each Sub-Committee reports to the Board of Trustees on key areas of development, risk, success and challenges. Attendance at these meetings is shown on the following pages. Our Remuneration Committee consists of the Chairs of the Board of Trustees, the Finance Sub-Committee and the People Sub-Committee together with the Chief Executive Officer. The Chair of the Hospice has an open invitation to each of the Sub-Committees. Due to the financial challenges faced during this period and the volatility of the landscape, the Finance $uo-Committee took the decision to increase the frequency of meetings to monthly, As an outcome of this we have been able to further develop the depthof our financial analysis, forecasting and therefore planning.

We are supported in our work by a number of Vice Presidents (VFs} who work in partnership with the board, sharing their skills on areas of development. Our VPs are Mr Basil Mitchell, Mr Alan Farquharson, Mr Michael Coates, Mr Andrew Mellor, Mrs Jennifer Roulston-Parry, Mrs Mary Rudkin and Dr Catherine £ Walshe.

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5T. ROCCO'S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

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5T. ROCCO'S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report

For the period ended 31 March 2025

Finance Sub-Committee Meetings

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Transactions or arrangements with related parties are approved by the Board; details are set out in note 32.

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5T. ROCCO'S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees (who are also the Directors of St. Rocco’s Hospice for the purposes of campany law) are responsible for preparing the Trustees’ Annual! Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Principles).

Company law requires the Trustees to prepare financial statements for each financial year (or period) that give a true and fair view of the state of affairs of the charitable company and its subsidiaries, and of the incoming resources and application of resources. This includes the income and expenditure of the charitable company and its subsidiaries for that period. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible far keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and its subsidiaries. They also ensure that the financial statements comply with the requirements of the Companies Act 2006 and Accounting and Reporting by the Financial Reporting Standard SORP 2015 (FRS 102).

They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the Trustees are aware, there is no audit relevant information {as defined by Section 418 of the Companies Act 2006) of which the charitable company’s auditors are unaware.

Each Trustee has taken al! the steps that they ought to have taken as a Trustee in orde- to make them aware of any audit information and to establish that the charitable company’s auditors are given that information.

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5T. ROCCO'S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

RISK MANAGEMENT

St. Rocco's has developed an approach to risk Management that embraces both clinical and non-clinical risks. The Board of Trustees hold overall responsibility for risk Management and are involved in the evaluation of the risk environment via a review of the corporate risks register presented as a highlight report by the Chief Executive Officer (CEO) at each Board meeting. The Board works in conjunction with its Sub-Committees; each risk is identifiable by the Sub-Committee responsible for oversight.

During this period, we have redrafted our Risk Management Policy. Based on the increased capabilities gained through our risk management software system Vantage, we now have greater insight; this higher level of analysis has been drawn upon to develop a risk appetite reflective of all parts of the organisation. To ensure consistent application of the policy, alt senior lescers have received in-person training on risk Management and the software.

Strategic risks continue to be defined in a Board Assurance Framework (BAF) and are reviewed annually, There are twelve strategic risks included on the BAF focusing on our strategic direction, business model, funding, clinical and support services, regulatory standards, workforce, community presence, and engagement. Qur assurance mechanisms around these risks are updated on a quarterly basis and reported to Board.

Due to the continued volatility of the environment around us, our principal risk areas remain unchanged. As a skills-based organisation, we are reliant on our ability to recruit, retain and develop our workforce. A core element of this relies on financial resilience to keep pace with thisrising market costs, driven by the national skills deficit. As we increasingy learn to operate in landscape and as the dernand for our services grows, we must find new ways of working including looking to digital solutions. Here our risk is twofold, manifesting in the challenges faced by cybersecurity threats, budget constraints and integration challenges but also the digital skills readiness of our people, Ensuring that our systems are well designed, fully implemented and embedded will be a critical part of our work and risk management mitigations as we go forward.

RISK MITIGATION
)
Financial sustainability, due to the - Budgetslinkedto service deliveryplans
econamicclimate there is potential
fora fall in statutoryand/or		 - Financial position monitored operationally, at
Sub-Committee and Board
voluntary income, - Regular reservesoversight
- Open dialogue with commissioners resulted in
rebased contract for25/26 and an improved
position
- Scenario pianning
- Diversification ofincome streams
- Income generation plans aligned to strategic

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ST. ROCCO'S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2035

Digital capabilityand vulnerability - Anti-malware solutions
- Data securityand awareness trainingfor all staff
- Cybersecurity alerts cascade
- Mobile devicemanagement salution
- Regular penetration testing/action planning
- Service back-ups
- External review planned on infrastructure and
process
- Digital developments aligned to Strategic olan
- Project management approach to change
initiatives, supported bysubject matter experts
- Projects appropriatelyresourced, toinclude skills
development aspects
- Full market test process to be undertaken to
ensure cost effective, fit for purpose solution
- selection
Inabilityto recruit and maintain
talent required to deliver against		 - Remuneration tested against market benchmark
- Review ofterms and conditions for
strategicgoals competitiveness
- Robust recruitmentand retention monitoring
and oversight
- Developingworkforce planning capabilities
- Leadership skills andcompetencyframework
implementation in progress
- Exploring partnership ways ofworking formost
challenged areas toincrease attractiveness of
terms
:

STATUTORY REGULATION: Care Quality Commission

In order to provide our services, we need to meet essential quality and safety standards specified in the Hea!th and Social Care Act 2008 (Regulated Activities) Regulations 2014 (part 3} and the Care Quality Commission (Registration) Regulations 2009 {part 4).

The Hospice is registered with the Care Quality Commission as an Independent Adult Hospice and following an onsite inspection in 2019 was rated “good.”

During this reporting period we have undergone an unannounced CQC inspection, The inspection raised no immediate concerns, We have submitted evidence to support the 3-day inspection as requested and are awaiting our formal report from COC. During the inspection a couple of areas of improvement were noted and shared and have subsequently, in a timely manner, oeen actioned.

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ST. ROCCO'S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

SUBSIDIARIES

st. Rocco's Hospice has two whally owned trading subsidiaries: St. Rocea’s Promotions Ltd and St. Rocco’s Shops Ltd. St. Rocco’s Promotions Ltd Operates St. Rocco’s Hospice Lottery. St. Rocco's Shaps Ltd includes seven Charity Shops and an e-commerce store. Further details can be found in the “Income” section of this report.

AUDITORS

Xeinadin Audit Ltd have indicated their willingness to accept reappointment as auditors.

OBJECTIVES AND ACTIVITIES

As a provider of Specialist Palliative Care, St, Rocco's Hospice focuses on supporting patients and those important to them to live well. Working in partnership with our health and social care partners at Warrington place and as a member of the Cheshire and Mersey Hospice sector collaborative, we strive to ensure care is personalised, responding to the needs and preferences of those we support.

Our Memorandum of Association is founded on four “principal” or main charitable objectives described through our mission:

St, Recco’s, working collaboratively with our community and partners, will support people affected by life limiting illness to live well with dignity, comfort and choice towards the end of their life.

We have drawn upon our mission to inform our current 2022 — 2024 strategy, As we move into the final phases of this strategy, we have continued our focus on our four strategic principles, strengthening our relationships locally and as part of the regional hospice collaborative. Set out below are examples of our achievements against each of these areas which have been included to give insight into our work during this reporting period.

  1. To respond to our commitment to increase the reach of our services into our community by partnering for better outcornes and impact for our cammunity, we have:

  2. « Undertaken a review of our Integrated Palliative Care Hub in response to changes in our population and demand. Anew model is planned for implementation in 25/26

  3. Continued to develop our medically led Palliative Virtual Ward, incorparating this into the joint virtual wards offer across Warrington and undertaking several external evaluations to understand the impact and effectiveness of this model

  4. Grown our outpatients and ascites services by developing the skills of our Advanced Nurse Practitioner

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$T. ROCCO’S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

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ST. ROCCO"'S HOSPICE (Registered Number: 1565543} Trustees’ Annual Report For the period ended 31 March 2025

  1. To strengthen our financial sustainability and resilience to ensure we can continue to respond to the needs of our community into the future, we have:

  2. Worked in partnership with our ICB at Warrington Place, to rebase our contract to greater support the delivery of essential services

    • Secured above budget statutory funding as a result of aur clinical innovations

  4. Aligned our financial year-end to 31 March to our contracting and quality year-end to ensure our analysis and insights are as effective and efficient as possible

    • Strengthened our internal financial information to ensure this is relevant and working in support of operational delivery

VOLUNTEERS

Volunteers are integral to the services that St. Rocco’s Hospice provides, and we aim to create an environment where we are open to new ways of working to enhance and develop the volunteering program to support the vision, mission, and values of the Hospice.

The Voluntary Services team are proactive in their appraach and strive to be supportive and encouraging by being visible, accessible, and welcoming in our engagement with our volunteers. We understand that more creative work needs to be done by the whole Hospice team to make sure we are raising the profile of volunteering, particularly within our shops. Shop recruitment continues to be of the highest importance.

We have continued to develop and support our successful partnership working with the Warrington volunteer network and we continue to demonstrate that we provide a program of excellence, meeting with the criteria of our Pledge award, ensuring that our processes are working for everyone.

We held a successful awards ceremony which saw 111 volunteers receiving an award, ranging from 2 years to 25 years of volunteering for the Hospice, and we look forward to celebrating some 40-year awards next year, This shows outstanding dedication and accomplishment by our dedicated volunteers, especially with the ever changing and challenging face of volunteering nationally.

We have 580 registered volunteers; the valuation these volunteers brought to the Hospice during this extended period was:

HOURS ESTIMATEDVALUE
Hospice 29,231 £392,254
Shops 64,740 £868,754
TOTAL 93,971 £1,261,008

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ST. ROCCO'S HOSPICE {Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

EMPLOYEES

Our workforce has again shown an exceptional amount of commitment, dedication and motivation throughout this period. Our total warkforce at year-end reduced slightly versus the prior year through restructures and new ways of working. We have continued to be able to recruit successfully in a highly competitive recruitment market. Recognising that our people are our most valuable asset, we are maintaining our focus on:

The People Sub-Committee meetings have continued throughout the period providing appropriate governance to decisions around people issues. This Sub-Cormmittee has maintained oversight of workforce performance indicators including recruitment and retention, sickness and absence, and education and training. In addition, we continue to develop and improve our data reporting to increase our workforce insights.

REMUNERATION

Work continued during 2024/25 to benchmark our terms and conditions, including pay, to ensure that we can attract and retain our key talent. This work is overseen primarily by the Pecple and Finance Sub-Committees and outputs are reviewed by the Remuneration Committee as required.

In line with the delegated authority from the Board of Trustees, currently all staff pay is reviewed annually by the People and Finance Sub-Committees before recommendations are made by the Rermuneration Committee to the Board of Trustees for aporoval, The same benefits, including pensions and terms and conditions, apply to the Chief Executive Officer and other senior managers. We do not apply any form of performance-related pay, nor do we have a bonus scheme. In the period to 31 March 2025, the organisation benchmarked all roles across the Hospice and made role-based pay awards based on the median level of that market data.

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$T, ROCCO'S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

We have a remuneration process, which includes a Remuneration Committee, operating within the agreed Remuneration Policy. Senior Management Team pay is considered by the Remuneration Committee if there are significant changes to the role and based on the median of market benchmarks.

STRATEGIC REPORT

ACHIEVEMENTS AND PERFORMANCE

This period has again proveda significant challenge. The impact of COVID-19 has remained present; however, despite this the clinical team at St. Racco’s have continued to work collaboratively with our local community, system partners and infection control tearns to move towards living with COVID-19 while maintaining a safe environment for our patients and these important to them.

IN-PATIENT UNIT

Through careful adherence to infection prevention and control measures and collaborative working with our local Infection Prevention and Control (IPC) team, we have been able to maintain open status throughout the course of discharge, the last 15-month period. Due to delays in availability of care packages to support discharge hame, and availability of 24-hour care home placements, we have continued to see a length of stay (LOS) above 14 days

To support system pressures and patient flow within the acute setting, we have developed from last year's test and learn winter pressures initiative and have successfully implemented a short-term early supported discharge within the winter months. This directly relieved pressures within the acute patient flow, along with recognising preferred glace of care/death for patient care,

OUTREACH SERVICES

Warrington Integrated Palliative Care Hub (Hub) is a single paint of referral based at St. Rocco's Hospice for access te palliative care services acrass Warrington for health and social care professionals, patients and carers, This isa co-located, multi-professional service that has access to nursing, medical and social work expertise ta make sure we can work closely with partners to provice a timely response whilst offering continuity through a single point of contact, During this reporting period, as part of the Warrington Palliative and End-of-Life Care Services review, an evaluation was undertaken of the Integrated Pa'liative Care Hub, This was led by the Senior Commissioning Manager in palliative and end-of-life care to understand the changes in the population demand and how the integrated hub can be transformed to support the changing population needs. Anew model is planned to be implemented in 2025/26.

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$7. ROCCO'S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

During 2024-25, the Palliative Virtual Ward (PVW) medical model continued to develop and was incorporated into the joint virtual wards offer at Place, including the Frailty Virtual Ward and Acute Respiratory Virtual Ward. The PVW was the first in the région and allowed us to demonstrate that St. Rocco's is at the forefront in new ways of working and learning from the first year of the nurse-led pilot. We were able to share our learning and integrated approach to virtual wards at Place which supparted the development of the Frailty Virtual Ward.

During this reporting period, Healthwatch Warrington have supported us by conducting an independent evaluation of the Integrated Palliative Virtual Ward. This evaluation ended in April 2024 and was published and shared June 2024.

Bereavement support is offered as an outreach service through twice monthly bereavement support cafés in Warrington. The cafés run as drop-in sessions and are open to anybody wha is grieving. They offer people the option of connecting with others experiencing a similar bereavement for peer-to-peer support. The cafés are assisted with the help of 25 volunteers who provide an option of one-to-one listening support to anyone who attends,

The cafés rely on valunteers from a vast array of backgrounds and skills including counsellors, teachers, engineers, nurses, social workers, and many others who have benefited fram CAEC services in the past and want to give something back to St. Rocco's.

Over the last 12 months the cafés have supported over 370 people. The team received 124 feedback forms, and 100% of respondents said they benefitted from the café and 100% said they would recommend it to a friend.

This period, the Counselling and Emotional Care (CAEC) Team have introduced new initiatives, including Letters to Loved Ones. This project offers anyone the opportunity to write their thoughts, wishes or a special message on wildflower seeded paper and post it in the box. When the box is emptied in Spring, the messages are planted in a special flawerbed in the Hospice gardens where the seeds grow and flourish. Our community can come and visit the gardens at any time to see their flowers and take a mament to remember their loved ones.

ACTIVITY AND PERFORMANCE

To support us to monitor the dernand and responsiveness of our services, we have continued to collect data against a range of metrics. The table below illustrates our actvity for the period January 2024 to March 2025 against a previous year baseline. We report this data quarterly to our Quality and Safety Sub-Committee and Integrated Care Board.

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5T. ROCCO'S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

2023 2024-2025*
;
Consultations
MieHice!
Ascites		 aa316
6
[
-
Admissions		 204
:
aLe
EC
Number of nurse assessment visits
HospiceatHome — Numberofsits		 Z1
161
*Data
for15-maonthperiod

NOTES:

i, Hospice at Home: following o review of Continuing Healthcare processes this service was decommissioned during this reporting periad.

Hospice at Home supports people who choose to be cared for in their home. A team of experienced nurses oversee and co-ordinate the service and they are supported by healthcare assistants who give practical nursing care and psychological support to patients and their families.

During this reporting period we continued to provide additional support to enable peoole to stay at home and assist our community providers to source timely packages of care. Unfortunately, following a change in the Continuing Healthcare commissioning process, the Hospice at Home service was no longer viable and is at present no longer provided through the Hospice. We will remain committed to exploring future opportunities in the areas in line with population and system needs.

QUALITY

In adcit.on to our activity and performance data, we produce and analyse a range of quality measures. Published annually in our Quality Account, these focus on incidents, safeguarding reports and service user experience (compliments and complaints).

St. Rocco’s Hospice has continued its monitoring of quality indicators during this period through the capture and reviewing of incidents, complaints, clinical aucits and feedback from people who use our services, Analysis in each of these areas identifies learning outcomes to share with staff to facilitate continuous service improvement.

Clinical audit is drawn upon at St. Rocco's as part of our continuous learning cycle, helping us to understand how and to what degree we are meeting our evidence-based standards. An annual audit plan is overseen by our Clinical Audit Group and reported through our Quality and Safety Committee. During this period, we undertook a planred audit cycle including audits of priority of patient care delivery. These focused on patient experience and patient safety. We also completed FAMCARE and INFECTION CONTROL external audits,

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5T. ROCCO’S HOSPICE {Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

As part of our quality monitoring processes, we maintain close oversight of our training and education compliance, monitoring our mandatory and statutory training compliance monthly against our 95% standard. Compliance at the close of the period was. 95%, Thisisa significant achievement based on the continued pressures induced by the pandemic.

For our clinical training and education, we have a core training programme, This is an enhancement to our e-learning and is overseen and delivered by our clinical educators, The medical team also plays a large role in improving knowledge, education and training of clinical staff both internally and externally, providing opportunities for community nurses, GPs, nursing hame and hospital nursing staff, and medical students. Our Medical Director 'eads on the education and training of medical students, GP specialty trainees and F2 doctors.

The medical team continues to lead on the medicine ma nagement group in the Hospice which looks at all issues around medications. This includes drug stack issues, costs, changes in national and regional prescribing guidance, incidents, policy and protocol. The tear works collaboratively with our place lead pharmacist to identify any trends and learning to share. This is chaired by the Medical Director.

The Hospice continues to be recognised as an approved training placement by Health Education Eng'and and the General Medical Council. The medical tear support the general development and training of medics, including beth undergraduate and post graduate training. Nursing placements continue to be offered for pre-registration registered nursing and nursing associate programmes with positive evaluation.

INVESTMENTS PERFORMANCE

The total fixed asset investments were valued at £2,075,182 on 31 March 2025 (31 December 2023: £2,821,360). Total investment income during the reporting period was £90,238 (2023 £49,438), which the Trustees consider to be satisfactory. There was no unrealised loss on the revaluation of investments fixed assets during this period (2023: £92,675).

FINANCIAL REVIEW

The reviews below relate to the three entities separately. The consolidated Statement of Financial Activities on page 40 summarises the ageregate position,

REVIEW OF ACTIVITIES AND FINANCIAL POSITION

The Hospice showed a deficit result, however more positive compared to budgeted figures for the period. We had a strong statutory income result driven mastly by the provision of the Palliative Virtual Ward and other non-recurrent statutory income streams during the period.

22

ST. ROCCO'S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

Details for the period are shown in the Staternent of Financial Activities and Notes forming part of the financial statements. The Trustees are satisfied with the activity and results. The Company Statement of Financial Activities is set out beginning on page 40 of these accounts, The Trustees report a consolidated loss for the 15-month period of £564,749 (31 December 2023: £312,838) and consolidated accurnulated funds of £8,958,905 (31 December 2023: £9,523,654).

Our fundraising team completed a full-year schedule of activity including re-introducing some previously successful events. Our retail footprint consolidated in 2024, but trading days remained steady with improvements to our retail offering.

The financial markets continued to remain volatile during 2024-25 with the on-going Ukrainian war and challenging political landscape in the Middle East. However, our interest income was higher than budgeted by £44,864. Changes to our investment portfolio also took place during the period, as it was agreed to change from a shares portfolio to a bond portfolia to reduce risk and exposure. This resulted in a non-recurrent gain on the sale of investments of £95,093 in the reporting period.

Inflation and interest rates remained a focus of central banks and investors alike. The Investment Sub-Group, along with the Finance Sub-Committee reviewed our investment strategy, which has remained unchanged. This has been approved by the Board of Trustees,

All aspects of expenditure continue te be regularly reviewed, including carefully managing recruitment and overtime. This is evident from our non-pay costs for the period, as they were 7% lower than budget.

We are reassessing the overall impact on our financial position ona monthly basis, particularly monitoring and forecasting our cash and reserves positions using the latest information available. Our reserves are there to provide financial stability in difficult times such as these, and so far, we have managed to have sufficient cash and reserves to provide our services throughout the period. We have reviewed both Investment and Reserves Policies. These are detailed in the Investment Policy and Reserve Policy sections of this report.

We have also taken the decision to increase our Designated Funds to ensure that we can continue operating long-term,

The Trustees are grateful for the support given by our commissioners and recognise the excellent working relationship that exists between our arganisations.

The charity and group's activities, together with the factors likely to affect future development, performance and position are set out in this report. This includesa description of the financial position of the group and its cash investments and reserves oolicy. The group's forecasts and projections, taking account of likely changes in statutory income, donations, legacies, fundraising activities and other income, show that the group should be able to operate with the current levels of reserves it has. The Trustees have a reasonable expectation that the charity and the group have adequate resources to continue in operational existence

23

5T. ROCCO'S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual report and financial statements.

INCOME GENERATION

The work of the Hospice is partially funded through statutory contracts; however, the majority of its work is funded via income that is generated through various fundraising endeavours which include:

The 2024/25 15-month reporting period was an opportunity to move forward with new digital enhancement to generate income by streamlining processes, and utilising data more strategically. Income growth at the beginning of the period remained a challenge across alll areas, but we did see growth accelerate especially in retail from Q2,

Recruitment of a Corporate Partnerships Manager has provided opportunities to develop and grow our existing corporate income stream and to reach and engaze new supporters.

Our commitment last yeer to revisit our community and lottery income streams has proved positive, with both areas performing above budget and welcoming an apprentice inta the team has further supported fundraising income.

The Trustees thank the dedication and tenacity of the team and extend gratitude to all of our supporters across a wide variety of communities for their continued support for the work of the Hospice.

The 2025/26 40" anniversary of St. Rocco's will provide the income generation teams with an opportunity to utilise the celebrations to provide awareness within the community, There will be a continued facus on Corporate Giving to not lose progress of the work made so far, with legacies anc retail continuing to be a feature of growth. This year will also see a re-brand of the lottery and a return of larger events.

FUNDRAISING —- HOSPICE

The fundraising income streams produced a downturn over the period, with community and lottery being the only positive growth areas for fundraising. Having no facus on our corporate partnerships pipeline proved detrimental for the first six months of the period. in addition, our larger scale events did not return the same revenue as previous years.

24

ST. ROCCO'S HOSPICE (Registered Number: 1565543} Trustees’ Annual Report For the period ended 31 March 2025

Income from In Memory donations declined slightly compared to the last year. This was largely due to a temporary pause in the promotion of tribute pages on our previous platform, pending the transition to a new, bespoke tribute page service, MuchLoved. Since the implementation of this platform, we have seen a positive impact, with an encouraging increase in the number of tribute pages and higher levels of engagement from supporters honouring loved ones well after their page is set up.

We fave seen a notable increase in incame from community-led events, continuing the upward trend from 2023. This growth can be attributed to enhanced engagement strategies, broader outreach efforts, and stranger collaboration with schools, nurseries, and local community groups. It is particularly encouraging to see orgoing support from returning fundraisers who continue to organise events on our behalf year after year.

Our regular giving and annual fundraising campaigns, including Will Month, Sponsor a Nurse, and seasonal appeals, have performed steadily, This is a result of improved data analysis, a refresh of our offering and a deeper understanding of donor motivations, which is proving invaluable in shaping our future engagement and supporter relationship strategies.

Income from Gifts in Wills saw a modest decline this period, which is in line with wider sector trends. In response, the Hospice has invested in the UK-wide Hospice Legacy Campaign to strengthen this income stream. We have begun promoting the importance and long-term impact of leaving a gift in a will, with a national television campaign launched in early 2025 and to be repeated throughout the year.

Events and challenge events collectively raised £181,092, achieving 79.1% of the events’ annual income target. Total expenditure was £35,500, coming in £13,200 under budget.

The period began with the 11" Christmas Tree Collection in January, which raised £40,000 through collecting and recycling 2,700 trees, meeting 87% of its income target. April marked the return of the Colour Run after a hiatus since 2018, attracting 330 participants and raising £16,200, achieving 81% of its budgeted goal. The 2“! Hospice Hike followed in June, with 100 walkers raising £18,800, representing 53.7% of the budgeted income. Although there was a drop in participant numbers and income from the previous year, the event maintained healthy individual fundraising figures, averaging £129 per participant. The 15" Dragon Boat Race held in July was a standout success, with 16 tearns raising £29,400 and Surpassing its bucget target by achieving 105%. December marked the 10° anniversary of the Strictly event, which raised £53,160, equating to 70.9% of its budget. This was £20,000 less than in 2023, due to reduced corporate sponsorship and fewer corporate table bookings.

The challenge events calendar was expanded in 2024 to offer more variety and flexibility for supporters. These events generated £23,500 in income, with an additional £3,400 raised through corporate employee fundraising. We partnered with Run Through as the headline charity partner for the Warrington Running Festival in September, contributing £17,000 to the challenge events budget—a 7.5% increase from the 2023 event when we shared charity partner status.

25

$T. ROCCO’S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

How fundraising is monitored

We are grateful for the support of the many people and organisations within our community who raise funds on our behalf. The fundraising team provides advice, support and Buidance to those who notify us of their plans to raise funds. This advice includes statutory requirements and best practice recommendations where relevant,

The Finance Sub Committee (FSC), which meets every quarter, monitors the activities of the Income Generation Team on behalf of the Board of Trustees. The Director of Commercia! Development attends each quarterly meeting of the FSC and reports progress on income raised from fundraising, shops and lottery.

Fundraising standards

We are committed to protecting the public, including vulnerable people, fram unreasonably intrusive or persistent fundraising approaches and uphold the fundraising regulator standards.

In order to ensure that we protect the interests of those who are vulnerable and so that we fundraise in an ethical manner, we commit to:

St. Racco’s Hospice is registered with the Fundraising Regulator and has made a commitment to adhere to all recognised standards in relation to fundraising.

The fundraising team works hard to ensure fundraising activity complies with the Institute of Funcraising Code of Fundraising Practice — the recommended practices of which have now been adopted by the Fundraising Regulator and embedded in the Fundraising Promise made by every charity on joining the Regulator.

ST ROCCO’S SHOPS LTD

St. Rocco's Shops Ltd is a wholly owned subsidiary of the Hospice. During the reporting period, the company’s total contribution to the hospice including transfer of Gift Aided donations and

26

$T. ROCCO'S HOSPICE (Registered Number: 1565543] Trustees’ Annual Report Far the period ended 31 March 2025

Gift Aid tax recovered, was £493,332, compared to the 12 months to 31 December 2023 income of £382,994,

We started 2024 trading from nine shops, with a closure of two (Lymm book shop and Lovely Lane). We sold our last owned shop in Longford Street in January 2025.

Following a successful year in 2023 with Gift Aid, it was agreed to move and fully integrate a more digitaily enhanced and secure data system.

Appointment of a new e-Commerce and Logistics Manager has seen this income stream Brow tremendously. This has been supported by the intraductioa of Al to create listings, and expansion of the team with a new eBay listing specialist. Management and processing of stock has also been key to the e-commerce’s success.

Despite the economic situation, we have been very well supported by the people of Warringtonincome with their donations to our shops and by our shop volunteers, he!pingto generate to care for patients at the Hospice. Their generosity and dedication, whether in donations or time, is invaluable.

We understand that our shops play a huge part across our district and as such we plan to optimise the best retail mode! that will contribute to and enhance our local communities, support the people of Warrington who benefit from our volunteering opportunities, and also ensure that we maximise our sales for re-investment into the Hospice,

Following the retail review in 2023, we consolidated our current shop portfolio, with the intention of expanding strategically in line with promoting income growth. In addition, we have looked at our current portfolio and made changes to enhance our customer offer. Namely, a revamp of our Stockton Heath shop, kindly supported by external corporate support, saw it re-launched as a boutique, offering our higher quality donated stock at affordable prices, Furthermore, we also saw an opportunity to remove bridal wear frorn our Latchford shop, and we remodelled this as a homeware degartment. Both changes have been well received and generated additional income to the hospice.

ST. ROCCO'S PROMOTIONS LTO

St. Rocco's Promotions Ltd is a wholly owned subsidiary of the Hospice, During the period, the company’s net income was £334,659, compared to a 2023 figure of £210, 406, The weekly Hospice Lottery pays out an average of £2,375 in prizes each week, including a rollover prize that can reach up to £5,000. Lottery income remained consistent during 2024-25 with an average of around 9,800 supporters participating in the Lottery throughout the period. Lottery single tickets introduced in April 2024 proved very popular with over 6,201 ticket sales during the period.

Lottery membership at the end of March 2025 had 9,549 members, a decrease of 47 (9,596) since the beginning of the pericd (January 2024). The outsourcing of the membership

a?

5T. ROCCO'S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

recruitment to a third-party canvassing company unfortunately has been lower than anticipated due to difficulties in recruiting and retaining suitable staff, This will be changing in 2025-26. All new members are now paying by Direct Debit, a more cost-effective way of administering and playing the lottery. 4,578 members of St. Rocco’s Lottery were registered to pay by this method as of 31 March 2025. December 2024, a slight increase on the number as of December 2023 which was 4,064. The efficiency of callection of Lottery subscriptions has deen maintained curing 2024-25 and there are now around 98% Lottery olayers paying to be in the draw each week, an increase from 2023 which was 92%,

How we work with and oversee any commercial participators/orofessional fundraisers

We currently have arrangements with the following commercial participators/professional fundraisers:

==> picture [429 x 160] intentionally omitted <==

----- Start of picture text -----
ORGANISATION | TYPE | NATURE OF HOW WE OVERSEE THEIR WORK |
;
SEC ; RELATIONSHIP |
Ltd Fundraising | Professional Lottery member — Adherence to recognised |
Fundraising recruitment fundraising policies and
company procedures
| — Members of the Fundraising
Regulator
' = Contractin place
— Regular feedback
— Quality and monitoring |
----- End of picture text -----

St. Rocco's Promotions is committed to ensuring that the Lottery is operated in a secure, fair and socially responsible way and to endorsing responsible gambling amongst its members,

The Gambling Commission regulates gambling in the public interest. The regulatory frarnework introduced by the Gambling Act 2005 is based on three licensing objectives: * Preventing gambling from being a source of crime and disorcer, being associated with crime and disorder, or being used to support crime

Our Social Responsibility in Gambling Policy, and other related policies inform the Hospice Lottery's procedures to ensure we aporoach gambling activities in a socially responsible way. All Lottery staff are trained in how te implement these policies,

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ST. ROCCO'S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

Collectively, our thousands of loyal, regular lottery players in the community who make their £1 payment each week contribute a large sustainable income, which helps provide Hospice services. Our thanks go to everyone.

INVESTMENT POLICY

The investment strategy aims to provide an appropriate balance between investment return on those assets and risk undertaken.

The Board of Trustees has agreed to delegate to the Finance Sub-Committee (chaired by the Treasurer) and the Investments Sub-Group reporting to the Finance Sub-Committee {chaired by an external volunteer), the decision with regards to the selection of investments managers who will manage the underlying investment assets of the Hospice on a day-to-day basis.

The investment of funds will be held upon the terms of the Fospice, The Trustees have the power of investment conferred upon them by the Memorandum & Articles of Association. They have the general power of investment to invest the Hospice assets as if they were absolutely entitled to them, conferred upon them by the Trustee Act 2000,

The Investment Sub-Group, which consists of at feast one Trustee, members of staff, and external expert volunteers, usually meets twice a year to review the reserves of the charity (Total Reserves). The number of meetings may be increased depending on circumstances. External advisors will regularly participate in meetings but are not members of the Investment Sub-Group. The purpose of the Investment Sub-Group is to provide a forum for discussion and advice on the Hospice’s investment assets. The Investment Sub-Group will moniter any external professional relationships (such as Discretionary Investment Managers} and will take guidance fram the Finance Sub-Committee with regard to the financial objectives of the Hospice,

The Trustees employ the services of an Investment Manager to manage the investment assets of the Charity, under a Discretionary Client Agreement. The Investment Managers have full discretion to operate within the limits of by the Trustees. a strategy agreed and they are regularly reviewed

Performance of the Fund is measured quarterly by reference to benchmarks agreed between the investment Sub-Group and the Investment Manager. The Hospice’s investments are registered in the name of the nominee company of the Investment Manager.

The Investment Manager attends meetings with the members of the Investment Sub-Group atleast twice each year to both report on progress and to ensure that the investment strategy remains relevant and to determine the total amounts to be retained or added ta the Fund.

The investment policy is applicable to the investment management of St. Racco’s Hospice investment assets and the management of cash and liquidity only. It is reviewed annually, in iine with the budget setting orocess.

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ST. ROCCO'S HOSPICE (Registered Number: 1565543} Trustees’ Annual Report For the period ended 31 March 2025

St. Racco’s Hospice holds financial assets in an externally managed investment portfolio, on cash deposit and as operational cash.

The Hospice is currently experiencing annual net operating cash deficits, and the course of action to achieve an annual break-even level in accordance with our medium-term plan suggests such deficits will likely continue until then. Whilst these deficits are estimated to consume a significant amount of existing surplus reserves over the period, the intention is that funds will still be availadle when an operating break-even situation is eventually reached. Such funds will be used to support future initiatives and fund the normal demands of the Hospice in order to ensure sustainability (see reserves below).

The Total Reserves of the charity are split between the Minimum Free Reserves as set by the Reserves Policy) and the excess cash reserves.

St. Racco’s Hospice seeks to produce the best financial return within an acceptable level of risk. A predictable and reliable return is needed to support the Hospice’s short-term and medium-term plans,

For the Investment Portfolio:

Objective:

To produce a return aligned to short/medium term interest rates and UK Government Bond yields from investments (such as cash, cash funds, UK Treasury bills, conventional gilts and supranational bonds} and give greater certainty of returns over the short term.

Time Horizon:

Short term with a maximum of 5 years for any individual investment. The time horizon for the investment may change depending on the requirements of the Hospice and any such change will be communicated to the investment managers.

Liquidity:

Investments will be highly liquid and shauld be convertible into cash within one week Under normal market conditions.

To be invested to allow for annual disinvestment of one year’s net deficit (typically £500k).

Credit Risk:

No mere than 10% of the portfolio will be invested in any individual investment with the exception of UK Government Bonds {Gilts).

Credit rating to be AA and above (or the equivalent as rated by a recognised ratings agency).

Management:

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ST. ROCCO'S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

To be maneged externally by a Discretionary Investment Manager, selected and supervised by ISC.

Expected Return

Aligned to short/mediur term interest rates and UK Gavernment Bond yields.

For the cash:

Objective:

Maintain sufficient cash or cash equivalents to fund net deficit for 3-4 years whilst achieving an appropriate interest return and liquidity through cash management. Amount:

Maintain cash or cash equivalents to fund the net deficit for the agreed length of time {currently 3-4 years).

Liquidity:

Maintain one year’s net deficit in current account (up to £0.5m).

Maintain the balance (i.e. two to three years’ net deficit) in short-term deposits maturing as required to maintain current account within required range (Circa £1.0m - £1.5m).

Keep one month’s expenditure in a 1-month deposit bearing interest, with a maturity prior to payroll expenditure.

Credit Risk:

No more than £500k with any one institution and with credit ratings at BBB and above. Management:

To be managed within St, Rocco’s Finance via suitable cash platform (currently Flagstone}, monitored by the Investment Sub-Group.

Expected Return:

Cash and cash equivalent rates, approximately the Bank of England Base Rate,

Investment Restrictions

The Investment Manager will not invest directly in sub-investment grade corporate bands (i.e. bonds with a credit rating below BBB}.

The Trustees have decided not to invest in any tabacco companies. There are no other social or ethical restrictions governing the choice of investments held within the portfolio

The Investment Sub-Group has agreed that if more than £600,000 in cash is to be invested in any one financial institution, prior agreement is sought fram another member of the Finance

3]

$T. ROCCO'S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

Sub-Group and the institution needs a rating of at least ‘A’. Staggered expiry dates for the investments are sought, bearing in mind the timescale of funding needs. Investments in institutions of a lesser rating, but still with a BBB rating, should not be greater than the amount covered by a Financial Services Compensation Scheme {FSCS} protected bank, currently £85,000,

UK Government Treasury Gilts are also allowed as an alternative to cash deposits, with 3 maximum of £1m over a period no longer than two years in maturity fram the date of purchase.

Management, monitoring and reporting

Quarterly reports on the Fund are sent to the Trustees by the Investment Manager, which will include a breakdown of quarterly and annual performance against the agreed benchmark. There should be a minimum of two meetings with the Investment Manager each year.

Investment Manager Selection and de-selection criteria

The Board of Trustees will decide on the selection or de-selection of the Investment Manager after taking appropriate advice.

RESERVES

At St. Racco’s Haspice, the Finance Sub-Committee has traditionally reviewed our Reserves Policy on an annua! basis to ensure we have a Reserves Policy that reflects the environment and effectively addresses the Hospice’s emerging risks end financial situation. The current Reserves Policy was reviewed again in 2025.

The current Reserves Policy takes into account the changes in the economic environment and our local health economy to better reflect the short-term Position and the expected incame from our commissioners. Likewise, our Investment Policy also reflects our expectation that our income would reduce substantially, and we would require more cash. Winding Up reserve: Absolute Minimum

As Trustees and directors, we are obligated to ensure that the Hospice has the ability ta continue to pay its obligations, It is proposed that the absolute minimum level of reseryes required should be equal to the funds required to close down the Hospice whilst being able to fulfil all our financial obligations, including staff notice and redundancy, lease obligations, and monies set asice to organise the closure should that decision be made. This has been estimated at £2.5m at year-end.

Working Capital

Over and above the costs to close, the Hospice requires wor King capital, The amount required will vary from time to time, and there is no absolute value, However, three months working capital should be sufficient in mast circumstances, i.e. £1m.

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ST. ROCCO'S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

Risk Capital

8efore we sald our shares portfolio, we mitigated against further capital risk like the risk of investment performance. This risk has mostly disappeared with our investments now mainly in Treasury Gilts.

In total, we required as of 31 March 2025, Free Reserves of £3.5m, with an Absolute Minimum of £2.5m.

As mentioned in the Investments Palicy section above, we also decided that our Investment Policy should be set with our operational cash requirements in mind ie. hald sufficient cash or cash equivalents for Working Capital. Risk Capital and Wind-Up Capital could be held in other forms; however, at this time it would be prudent to maintain our minimum reserves in cash or equivalents.

Funds are invested in order to produce reasonable income over time, whilst following the Investment Policy guidelines.

During the period, the charity’s total consolidated reserves decreased fram £9,523,654 to £8,958,906 of which £3,275,754 is held in tangible fixed assets. At 31 March 2025, the amount of restricted reserves was £809,753 and the amount of free reserves was £8,146,808.

Due to the better-than-expected results in the last few years, the Board has committed to recognise the need to invest staff and in adequate up-to-date systems in line with strategic goals. Any unrestricted General Funds surplus to the minimum reserves policy will be used for the continued provision of Hospice Services. These include, for example, the charitable net investment in the non-commissioned services of beds, strategic and transformation development, medical equipment renewals, improvement to patient areas and general refurbishment, training costs, digitisation of our systems and the development of shops.

Considering the unpredictability of legacy income, our “legacy equalisation reserve” which represents a fund made out of excess legacy income over our ‘ong-term £230,000 average, can be released in periods of less than average legacy income. This will smooth out the cycle of highly unpredictable and irregular legacy income.

Our cash reserves are still strong, with over £3.1m in cash or cash equivalents and a further £2.1m in investments at 31 March 2025.

Our praspects for 2025-26 and beyond do not look as healthy following the inflationary pressures on both pay (National Minimum Living Wage and National Insurance contributions increase) and non-pay costs and we expect our income challenges to continue. This means our potential budgeted deficit for 2025-26 could exceed £700,000. Keeping our Reserves Policy in mind at all times, the SMT and the Board of Trustees are closely monitoring the monthly management accounts, cash flow and reserves position, and forecast. We keep allocating our resources efficiently and promote oversight, review of our service models and

33

$T. ROCCO’S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025.

processes and focus on best return on investment income generation streams, We also keep strengthening our management intelligence information to optimise our scrutiny.

PLANS FOR FUTURE PERIODS

As we enter a new strategic period in 2025, our refreshed focus will build on the foundations we have created in prior years. We continue to operate in an uncertain context that is driving financial volatility. Despite this our population continues to grow and age, driving increased levels of demand. How we respond nationally is under scrutiny, no more so than in the speciality of Palliative and End of Life Care through the Assisted Dying Bill. Putting inte sharp focus inequity of provision, access and quality, it is essential that St. Rocco's positions itself to influence at all levels in support of our Warrington population

The work we have done over the last strategic period has further distilled our understanding of the needs of our population and our organisational opportunities and risks. Our new strategy is therefore positioned on four key influencing factors:

Centring our focus in these areas will support us to evolve our services to keep pace with the evercnanging needs of our population, whilst strengthening organisational resilience for the future. To deliver against our ambition, our future work will be constructed around three key building blocks: care quality, an empowered workforce and organisational transformation:

We will transform our services and deliver high quality, inclusive, specialist palliative and end-of-life care (PEOLC) care to our community. We will achieve this through:

We will be a great place to work and to volunteer where experience and skills are recognised, supporting and empowering our people to deliver the very best levels of service and care. We will achieve this by investing in and developing:

34

5T. ROCCO’S HOSPICE (Registered Number: 1565543) Trustees’ Annual Report For the period ended 31 March 2025

We will be financially and operationally resilient through income growth and cost efficiency, We will transform the way we generate our funds, striving to be a sector leader, so we can deliver a sustalnable model of care that reflects the changing needs of our people. We will achieve this by:

Our ambition is to enhance our approach to care, focusing on seamless integration and worki ng collaboratively with all health and social care services across Warrington. St. Rocco's will be at the heart, working closely with local health providers to ensure our approach is Inclusive.

We are here to embed and strengthen our bonds with our com munity to support people to die well with dignity now and in the future.

Report of the Trustees, incorporating a strategic report, approved by order of the Board of Trustees, as the Company Directors, o ugust 2025 and signed on the Board’s behalf by:

==> picture [134 x 61] intentionally omitted <==

----- Start of picture text -----
G If,
Guy Hin
Chair
----- End of picture text -----

35

ST. ROCCO'S HOSPICE (Registered Number: 1565543) INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF STROCCO'S HOSPICE

Far the period ended 31 March 2025

Opinion

We have audited the financial statements of St Rocco's Hospice (the ‘charitable parent company’) and its subsidiaries (‘the group’) for the period ended 31 March 2025 which comprise the group statement of financial activities, the group balance sheet, the charitable company dalance sheet, the group staternent of cash flows and the related notes to the financial statements, 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 (United Kingcom Generally Accepted Accounting Practice}, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”,

In Our opinion the financial! statements:

We conducted 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 statements section of our report. We are independent of the group and the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion,

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of going concern basis of accounting in the preparation of the financial statements is appropriate,

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability ta continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report,

36

ST. ROCCO'S HOSPICE {Registered Number: 1565543) INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ST ROCCO'S HOSPICE

For the period ended 31 March 2025

Other information

The other information comprises the information included in the annual report set, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements daes not cover the other information and, except to the extent otherwise explicitly stated in this report, we do rot express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, 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 the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the environment of the charitable company and the group obtained in the course of the audit, we have not identified material misstatements in the directors’ report incluced within the report of the trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

37

ST. ROCCO'S HOSPICE (Registered Number: 1565543} INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ST ROCCO'S HOSPICE

For the period ended 31 March 2025

Responsibilities of trustees

As explained more fully in the statement of trustees responsibilities, the trustees, who are also the directors of the charitable company for the purposes of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal contral as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or errar.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to 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 alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

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 auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not 2 guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstaternents can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the econamic 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, to detect material misstaternents in respectof irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Enquiries of management and those charged with governance were held in order to identify any laws and regulations that could be expected to have a material impact on the financial statements. Throughout the audit, the team were updated with the outcomes of these enquiries including consideration as to where and how fraud may occur in the charitable company and the group.

a8

  1. ROCCO’S HOSPICE (Registered Number: 1565543) INDEPENDENT AUDITORS' REPORT To THE MEMBERS OF ST ROCCO'S HOSPICE

For the period ended 31 March 2025

Auditor's responsibilities for the audit of the financial statements

No instances of material non-compliance were identified, although the prospect of detecting irregularities, including fraud, is inherently difficult. This is due to: difficulty in detecting irregularities; limits imposed by the effectiveness of the entity's controls; and the nature, timing and extent of the audit procedures performed. Irregularities as a result of fraud are inherently more difficult to detect than those that resulting from error. Despite the audit being planned and performed in accordance with ISAs (UK), there is an unavoidable risk that material misstatements may not be detected.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www. fre.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been Undertaken so that we might state to the charitable company's members thase matters we are required ta 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 the charitable company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew Jamies Taylor

senior Statutory Auditor

For and on behalf of Xeinadin Audit Limited Statutory Auditors 116 Duke Street Liverpool Li SIM

39

St Rocco's Hospice (Registered number - 01565543}

Consolidated Statement of Financial Activities

(Incorporating a Consolidated Income and Expenditure Account) For the period ended 31 March 2025

31.03.25 31.03.25 21.12.23
Mote Unrestricted Restricted Endowrent
Funds Funds Funds Total Total
£ £ £ E £
Income and endowments fram:
Donations and legacies 2 1,568,218 . - 1,568 2718 1,517,024
Charitable actrvities 3 2,128,472 150,700 - 2,279,172 1,609,477
Other trading acthwties 4 1,930,267 . . 1,959,267 i,577,8595
Investments 5 279,083 - 1i4 #29,797 140,634
Other 6 80 - - ao 5,335
Total income and endowments 5,856,720 150,700 114 6,007,534 4,850,435
Expenditure on:
Raising funds 7 {1,891,904} - - {1,291,904} (1,412,014)
Charitable activities 9 {4,842,624} (100,697) - {4,943,321} {3,850,385}
Other 10 174,188 . - 174,188 (1,984)
Total expenditure (6,569,340) (100,697) - (6.661,037) (5,264,383)
Net gains / (losses) on
investments 18 28,863 - (109) 28,754 101,110
:
Net income/(expenditure) (614,757) 50,003 5 (564,749) {312,838}
Transferbetweenfunds 24 114,471 {114,258) {213} - -
Netmovementinfunds (500,285) (64,255) (208) (564,749) (312,838)
Reconciliation to funds:
Tatal funds brought forward a4 8.647.093 874,008 2,553 9,523,654 9,836,492
Total fundscarried forward ay 8,146,807
—————————		 809,753 2,445 $953,905 9,523,654

Allireame and expenditure derive fram continuing activities. All gaint and losses recognised in the year are incluced above The Funds comprise Unrestricted, Restricted and Encewment Funds,

4c

St Rocco's Hospice (Registered number ~ 01565543}

Statement of Financial Activities (Incorporating an Income and Expenditure Account) For the period ended 31 March 2025

21.03.25 21.03.25 31.12.2023
Note Unrestricted Restricted Endowment
Funds Funds Funds Total Total
£ £ £ E £
Incomeand endowments from:
Danations and legacies
Charitable activities
Othertrading activities		 2
3
4		 1,564,056
2,138,472
368,230		 -
150,700
.		 “
:
:		 1,564,056
2,279,172
368,230		 1,515,089
1,609,477
360,752
Investments
Other		 §
6		 627,944
BO		 -
.		 114
-		 628,058
80		 266,297
5,335
Totalincome andendowments 4,688,782 150,70) 114 4,839,596 3,757,945
Expenditure on:
Raisingfurds
Charitable activities
Other		 4
9
10		 (894,653)
(4,781,452)
174,188		 -
(100,697)
-		 -
.
-		 (804,653)
(4,882,149}
174,188		 {441,186}
(3,775,191}
(1,924)
Total expenditure (5,411,917) {100,697} - (5,512,614) (4,218,361)
Wet gains / (losses) on
investments 18 68,363 : (109) 58,754 101,110
Netincome/(expenditure) (634,272) 50,003 5 (584,264) (359,306)
Transferbetween funds 24 114,471 = (114,258) (213) - :
Net movementin funds 24 (519,801) (64,255) {208} (584,264) (359,306)
Reconciliation to funds:
Totalfunds broughtforward 24 $8,425,605 874,008 2,553 9,306,167 9,665,473
Totalfundscarried forward 24 7,909,805
809,753
2,345
§,721,903
9,306,167
eo

Allincore and expenditure derive frem continu ng activities. All gains and losses fecognised in the year are included above. The Funds cornprise Unrestricted, Restricted and Endowment Funds.

41

5T. ROCCO’S HOSPICE (Registered number— 01565543)

Balance Sheet

For the period ended 31 March 2025

5T. ROCCO’S HOSPICEROCCO’S HOSPICEHOSPICE (Registered number— 01565543)number— 01565543)
Balance SheetSheet
For the period ended 31 March 2025ended 31 March 202531 March 2025March 20252025		 (Registered number— 01565543)number— 01565543)ber— 01565543)01565543) (Registered number— 01565543)number— 01565543)ber— 01565543)01565543)
Company
Company
oempany Company—
Note
31.03.25
31.12.23		 Group
Group
— eatST
Ce
31.03.25
31.12.73
FinedAssets £
£		 £
E
TangibleAssets
Investments
FixedTermDeposits
Investmentsin Subsidiaries
Current Assets		 i?
3,231,404
3.440551
3,275,754
43,493,250
ig
2,075,187
4,335,040
2,075,182
4,338,040
.
-
:
-
a8
3,002
3,002
-
*
OOS
5,309,588
7,781,593
5,350,936
7,831,290
——— OE
Stack
Debtors
Investments
CashatBankandInHand
Creditors:amounts fallingduewithin		 19
-
-
2,082
-
20
1,048,581
1,515,625
1,027,350
1,248,914
1B
«2,004,414
«
7,004,414
-
1,118,697
664,549
4,610,746
1,344,281
—
ee
ed
4,171,692
2,180,174
4,644,592
2,593,195
oneyear 22
(759,377)
(655,600)		 {1,001,442}
(860,443)
Net
CurrentAssets		 eee
3,412,315
1,524,574		 3,643,150
1,732,752
Creditors:amountsfallingdueafter
morethanoneyear		 -
-		 -
-
TotalAssetslessCurrentLabilities oS
$,721,903
9,306,167		 eeeeeeseses—s—=*#E
3,994,086
9,564,044
Provisionsfarliabilities 23
-
-		 (35,180)
(40,390)
NetAssets 8,721,903
9,306,167
—————————		 6,958,506
9,523,654
re
Charity funds
Endowment Funds
Permanentendowment
RestrictedFunds
Unrestricted Funds.		 24
24		 2,345
7,553
£09,753
874,008		 2,345
2,553
£09,753
874,008
General Funds
DesignatedFunds
Total
Unrestricted Funds		 24
24		 «2,588,011
3,763,857
3,225,014
3,991,344
= «4,921,794
4,665,749
4,921,794
4,665,749
SE
7,909,805
8,429,606
$3,146,808
8,647,093
Total
CharityFunds		 eee
8,721,903
9,306,167
————————		 8,958,906
9,523,654
rd

issueThe finencial on its behalf:statements were approved by the Council Members on 11th August 2025 and dgned and authorised for

| Currie - Trustee

42

5T. ROCCO’S HOSPICE (Registered Number—- 01565543)

Consolidated Cash Flow Statement For the period ended 31 March 2025

==> picture [446 x 396] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Note|21.03.25|31.12.23| |£|E| |Cash flow from operating|activities|z?|502,651|(250,729)| |Net cash flow from operating activities|$08,651|(250,729)| |EEE| |Cash|flow|from|investing|activities| |Income fram investments|5|229,797|140,639| |Payments|te|acquire|tangible|fixed|assets|17|(100,198)|{158,220}| |Receipts|from|sales|of tangible|fixed|assets|-| |Payments|to|acquire|investments|18|(2,370,958)|(1,825,091)| |Sale/|(Purchase)|of|fixed|tern|depasits|.|.| |Receipts fram|sales|of investments|18|2,527,429|215,595| |Net cash flow from|investing|activities|286,070|(1,627,077)| |>>>>>SS==La9hB2A2-:£ —£E={[=>=>—_——| |Net|increase|f|(decrease)|in|cash|and| |cash equivalents|794,721|(1,877,806)| |Cash and cash|equivalents|at 01/01/2024|1,344,221|3,222,087| |Cash|and|cash|equivalents|at 31/03/2025|2,139,002|1,344,281.| |Cash|and|cash|equivalents|consists|of:| |Cash|at|bank|and|in|hand|1,610,746|1,344,281| |Shart|term|depasits|-| |Cash|and cash equivalents|at 31/03/2025|1,610,746|1,344,281|

----- End of picture text -----

43

ST. ROCCO’S HOSPICE {Registered number — 01565543) Notes to the Financial Statements For the period ended 31 March 2025

1, Summary of significant accounting policies

(a) General information and basis of preparation

St Reccos’s Hospice is a charitable company registered in England, In the event of the charity being wound up, the Lability in respect of the guarantee is limited to £1 ger member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The mature of the charity's aperations ard principal activities is to promote the relief of suffering in terminal iliness by providing residential palligtive care and day care to adults who are resident in Warrington, as well as bereavement support to these adults and their famifies. Peaple access aur services by means of referral by their GP, Hospital Consultant or Clinical Nurse Soecialist, Admission to OUP services is determined only by clinical and psychosocial need without reference to gender, race or faith,

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting y Charities: Statement of Recommended Prattice applicable to charities preparing their accounts im accordance with the Financial Reporting Standard applicable in the UX and Republic of Ireland {FRS 102) issued in October 2019, the Financial Reportirg Standard applicable in the United Kingdom ang Republic of treland (FAS 102}, the Charities Act 2011, the Companies Act 2004 and UK Generally Accepted Practice as it applies.

The financial statements are prepared en a going concern basis under the historical cast conventran, modified to intlude certain items at fair value, The financial statements are prepared in sterling which ls the functional currency af the charity and rounded to the nearest £

The significant accounting policies applied in the préparation of these financial statements are set aut below. These policies have been cans'stent!y applied te all years presented unless otherwise stated.

(b) Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance af the general objectives of the charity and which have not been designated for other Purposes. It is aimed that at least nine months' operating costs remain within liquid resources at all times

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular gurgeses, The aim and use of each designated fund is set cut in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donars or which have been raised by the charity for particular purposes. The cost 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, Endowment funds represent thase assets which mut be held permanently by the charity, Principally investments Income arising on the endewment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gaing or losses arsing on the investments form part of the fund.

4d

5T. ROCCO'S HOSPICE (Registered number — 01565543)

Notes to the Financial Statements

For the period ended 31 March 2025

(c) Income recognition

All income is included in the Statement of Financial Activities [SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured rellably and it is probable that the income will be received.

For donations to be recognised the charity will have been natified of the amounts and the settlement date in writ ng. if there are conditions attached to the donation and this requires @ level of performance befare entitlement can he obtained then income is deferred until those conditions are fully met or the fulfilment of thase canditions is within the control of the charity anc itis probable that they will be fulfilled.

Donated facilities and donated professional services are recognised in income at thelr fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item, Fair value ig determined on the basis of the value ofthe[gift][to][the][charity.][For][example][the][amount][the][ charity][would][be][willing] to pay in the open market for such facilities and services. A carrespanding amaunt is recognised in expenditure

No amount is Included in the financial statements for volunteer time in line with the SOAP (FRS 102). Further detail is given inthe Trustees’ Annual Report.

Where practicable, gifts in kind donated for distribution te the beneficiaries of the charity are included in steck and donations in the financial statements upon receipt, If it is impracticable to assess the fair value at receipt or if the costs ta undertake such a valuation outweigh any benefits, then the fair value is recognised a3 a component of donations when itis distributed and an equivalent amount recognised as charitable expenditure.

Gifts in kind donated for resale are included at far value, being the exaected proceeds from sale less the expected costs of sale, Where estimating the fair value is practicable UPON réceipt it is recognised in stack and ‘Income fron other trading activites’, Upon sale, the value of the stock is charged against ‘Income fram other trading activities’ and the proceeds are recognised as ‘income from ather trading activities’, Where it s impracticable to fair value the items due to the volume of low value items they are not recognised in the financial statements until they are sald. This incame is recognised within ‘Incame fram other trading activities’,

Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the life of the asset.

For legacies, when the amount bequeathed can be estimated with sufficient accuracy, entitlement i the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised, On occasion legacies will be notified to the charity however it is not possible ta measure the amount expected ta be distributed. On these occasions, the lepacy is treated as a contingent asset and disclosed,

Income from trading activities includes income earned fram fundra'sing events and trading activities to raise funcs for the charity. Income is received in exchange for suaplying goods and services nm ofder to raise funds and is recognised when entitlement has occurred.

Grants from government agencies have been included within grants and government funding where there are ro contract for services.

45

ST. ROCCO’S HOSPICE (Registered number — 01565543) Notesto the Financial Statements For the period ended 31 March 2025

{c) Income recognition (Continued)

Grants from government agencies where there is a service Contract are incluged as incoming resources fram charitable activities,

Investment income is earned through holding assets for investment PUrPOSes SUCH a5 shares and praperty. Jt includes dividends, interest and rent. It is included when the amount can be measured reliably, Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity’s ripht to receive paymentis established.

withGift aidFRSpayments102 frorn the subsidiary companies is accounted far as a distribution on a rece'pts basis in ac¢ordance

incomeRetail Income is recognised at pointof sala. Goods donated for sale are included as income at the pointof sale. Git Aid claimed under the UK Retail Gift Aid Scheme is accrued at the pointof sale. Other incame includes the conversion of endawment funds inte income which arises when capital funds are released ta.an income fund from expendable endowments or when a charity has authority ta adopt a total return approach to its permanent endowment fund. ftalsa includes other income such as Zains on disposals of tangidle fined assets,

(d} Expenditure recognition

All expenditure is accounted for on an accruals basis inclusive of any VAT which eannat be recovered, and has been classiFed under headings that aggregate all costs related to the category. “Where costs cannot be directly attributed to Particular headings they have been allocated ta activities on a basis consistent with the use of the resources. Premises overheads have been allocated an a floor area basis. The overheads costs of the central function nave been apportioned on an estimated basis of usage by each function, Expenditure is recognised where there is a fega’ o- constructive obligation to make payments to third Parties, tis prabable that the settlement will be required and the amaunt of the obligation can be measured reliably. It is categorised under the following headings: : Casts of raising funds includes the lottery prizes, the salaries of the staff who promote fund-raising, direct expenditure including casts of events and an allocation of internal overheads ~ Expenditure on charitable activities includes direct staff costs, specific costs where attributable and overheads ona Management estimate based ether on floor space and/or expected usage. Cost allocation includes an element of judgement as the charity has had to consider the cost benefit of detailed calculations and record keeping. Other expenditure repraserts these items not fall fig into the categories above,

Irrecoveradle VAT is charged as ar expense against the activity for which expenditure arose. Grants payable to third parties are within the Charitable objectives Where unconditional grants are offered, this is accrued as soon a8 the recipient is notified of the grant, as this gives rise ta a reasonable expectation that tre recipert will receive the grants. Where grants are conditional rélating to perfarmance then the grant is only accrued when any unfulfilled conditions are outside of the contral af the charity

({e} Support costs allocation Support casts are those that assist the wark of the charity but do not directly represent charitable activities and include office casts, governance costs, administrative payroll casts, They are incurred directly in Support of expenditure on the objects of the charity and include project management carried out at Headquarters

46

ST. ROCCO’S HOSPICE (Registered number — 01565543)

Hotes to the Financial Statements

For the period ended 31 March 2025

(e} Support costs allocation (continued)

Where support costs cannot be directly attributed to particular headings they have teen allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resaurees,

(f) Tangible fixed assets

Tangible fixed assets are stated at cast for deemed cost) or valuation less accumulated depreciation ard eccumulated impairment losses. Cast includes costs directly attributable to making the asset capable of operating as inteaded. Depreciation is provided on all tangible fixed assets, at rates cafculated to write off the cost, less estimated residual value, cf each asseton a systematic basis over its expected useful life as follows:

==> picture [358 x 63] intentionally omitted <==

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Freehold|land|and|buildings|and|leasehold|property|2% /20%|p.a.|straight|line| |Plant|and|machinery|7|years|straight|line| |Fixtures|and|fittings|7|years|straight|||ne| |Motor vehicles|5 years|straight line| |Office|equipment|S|years straight|line|

----- End of picture text -----

(g) Pension contributions

The company makes contributions to twe pension schemes, a3 disclosed in note 30, designed to pravide retirement benefits based upon the level of contributions made, The two schemes are the NHS Pension Scheme and $t Roccos’s Group Pension Pian with Aviva . The costs of providing these benefits are charged to the statement ef financial activities in the yearin which they are incurred.

(h} Investments

Investments are recognised initially at fair value which is normally the transaction price excluding trantaction costs. Subsequently, they are measured at fair value with changes recegnised in ‘net gains/ (losses} on investments’ in the SOFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cast loss impairment

Investments in subsidiaries / joint ventures/ associates are measured at cost less impairment.

Current asset investments are short term highly lauid investments and are held at jair value These include cash on depos’ and cash equivalents with a maturity of less than one year.

{i) Shares in Subsidiary Undertakings

These are stated at cost at the balance sheet date

{j) Stocks

Items Canated far resale in the shops are nat included within the financial statements urcil they are sald. The valuation of danated goods in our shoos cannot be measured reliably as the costs outweigh the benefits. itis not Practicable to estimate the value af the stock with enough re ‘lability. Therefore, we facognise the value when the gocds are so'd, not when received. Purchased assets are valued at the lower of cost and net realisable value, after making due allowance for slow-moving and obsalete stock,

a

$T. ROCCO"S HOSPICE (Registered number — 01565543) Notes to the Financial Statements For the period ended 31 March 2025

(k) Debtors and creditors receivable / payable within one year

Deotors and creditors with mo stated interest rate and receivable or Payzble within ane year are recorded at transaction price, Any losses arising fram impainment are recognised in expenditure.

(I) Leases

Assets acquired under finance ieases are capitalised and Cepreciated over the shorter af the lease term and the expected useful I'fe of the asset. Minimum lease payments aré apportioned between the finance charge and the reduction of the outstanding lease lability using the effective interest method The related obligations, net of future finance charges, are included in creditars,

Rentals payable and receivable under Operating leases are charged to the SoFA ona straight line basis over the period of the lease

(m) Provisions Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a pest event, it is estimatedprobable that an outflow af economic benefits will be required in settlement and the amount can be reliably

{n) Tax The charity is an exempt charity within the meaning of schedule 3 af the Charities Ace 2011 and is considered ta pass the tests set out in Paragraph 1 Schedule § Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax PUrposes.

{o) Going concern

The group's forecasts and projections, taxing account of likely changes in statutory income, donations, legacies, fundraising activities and other income, show that the group should be able to operate with the currant levals of reserves it has, The Trustees have a reasoradle @spectation that the charity and the group have adequate resources te cantinue in operational existence for the foreseeable future. Thus they continue ta adopt the going cancern basis af aCcounting in preparing the annual report and financial statements

(p} Critical Accounting Judgements and Key Sources of Estimation Uncertainty

In the apalication of the accounting policies, Trustees are required to make judgement, estimates, and assumptions about the carrying value of assets and liabilities that are mot readily apoarent frem other sources. The estimates and underlying assumptions are based an historical experience and other factors that are considered ta be relevant, Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis, Revisions to accounting estimates are recognised in the periad in which the estimate is revised if the revision affects only that gered, orn the period of the rewision and future periods if the reyisran affected current and future periods. in the view of the Trustees, thare are ma critical accounting judgements or key sources of estimation uncertainty.

(q} Reporting periad

The financial statements cover the 13 month pertod from 1 January 2034 te 34 March 2025, The priar period financials cover tne 12 rnanth peried fram L January 2023-31 December 2023, As such the figures are nat entirely compargole.

The company's reporting date was changed in order ta ensure the Group's year end is co-terminus with local and national gutharity grant allocatars and other Hospices ete, in the NW consartium,

48

ST. ROCCO'S HOSPICE (Registered number - 01565543}

Notes to the Financial Statements

For the period ended 31 March 2025

2. Income from donations and legacies a) Company

Total Total
31.03.25 31.12.23
£ £
Gifts 1,744,454 1,004 4a4
Legacies 319,552 $11,605
Total 1,564,056
Le———_—S		 1,516,089
SS

Incame from donations and legacies was £1,564,056 (2023 £1,516,089) of which £nil (2023 - nil) was attributable to restricted and £1,568,056 {2023 - £1,516,089) was attributable to unrestricted funds,

b) Group

Total Total
31.03.25 31.12.23
£ E
Gifts 1,248,656 1,005,484
Legacies 319,562 511,605
Tata! 1,568,718 1,517,089
SSS

Income fram donations and legacies was £1,568,218 (2023 -£1,5 17,089) of which Enil (2023 - nil} was attributable to restricted and £1,568,218 {2023 - £1,517,089] was attributable to unrestricted funds.

49

ST. ROCCO’S HOSPICE (Registered number — 01565543) Notes to the Financial Statements

For the period ended 31 March 2025

3. Income from Charitable Activities Company and Group and Group Group

Company and Group and Group Group Tatal Tota! 31.03.25 31.12.23 E a Contractual payments 2,128,472 1,530,394 Grant income 150,700 79,083 —— 2,279,172 1,609,477 L=__==S= ss

Tatal

Contractual payments and grant income represent unrestricted and restricted funcs and are the same for both the company and the group.

Income from charitable activities was £2,279,172 (2023 - £1,609,477 ) of which £150,700 [2023 - £79,083} was attrinutadle to restricted and £3,128,472 {2023 - £1,530,394) was attrinutable ta unrestricted funds

Cantractual payments Unrestricted Restricted Total
31.03.25 31.03.25 31.0325
Warrington
CCG
Hospice@Home
UniversityofLiverpool
Longstaypatient funding
Out of area patientsincome
Training income		 -Serviceagreement
- ContinuingHealth Care
-MedicalStudents
‘ContinuingHealthCare		 éE
£
£
ee
1,908,375
-
1,908,375
34,048
-
34,048
105,654
:
105,654
43,065
.
43,065
37,350
.
37,330
= : z
Total =
2,128,472		 - 7
2,128,472
= a
Grantincome Unrestricted Restricted Total
31.03.25 31.03.25 31.03.95
Ingevity Grant
InMemaryDonation
Warrington Lions
WeCareGroup
James Tudor Foundation
HospiceUXFunding
MIPET 3
Bereavement Café		 £
a
-
-
-
.
-
=
i
-		 £
4,657
2,950
3,500
622
10,000
88,421
40,000
550		 £
4.657
2,950
3,500
622
16,000
88,421
40,00)
$50
ss
——«S0,700
——————L<&&E€<—E——		 ‘150,700

Grant income

50

Notes to the Financial Statements

ST. ROCCO’S HOSPICE (Registered number — 01565543)

For the period ended 31 March 2025

==> picture [447 x 302] intentionally omitted <==

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Contractual|payments|[comparative]|Unrestricted|Restricted|Total| |31.12.23|31.12.23|31.12.23| |£|£|E| |Warrington COG|‘Service|agreement|1,346,592|.|1,340,502| |Hospice|@|Home|- Continuing|Health|Care|46,616|.|46,616| |University|of|Liverpoal|-|Medical|Students|97,083|-|97,083| |Long|stay|patient|furding|Continuing|Health|Care|4,995|.|4,995| |Out|of|area|patients|income|39,480|-|39,480| |Training|income|1,718|-|1718| |Total|1,530,394|.|1,530,394| |aEaoooo—————| |4|Income|fram|other|trading|activities| |a)|Company| |Tatal|Total| |31.03.25|31.12.23| |E|£| |Fundraising|Evants|368,230|360,752| |Other|:|-| |Total|368,230|360,752| |——>>>>>>—e—X{&;=£EE_|

----- End of picture text -----

Allincome from other trading activities was attributable to unrestricted funds in 2025 and 2023,

b) Group

==> picture [444 x 131] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Total|Total| |31.03.25|31.42.23| |E|£| |Fundraising|Events|375,612|363,819| |Sponsorship|and|Lotteries|621,280|475,104| |Sale|of Danated and|Bought|in Goods|933,375|738,972| |Tota|1,930,267|1,577,895| |SS|——E=E=E EE|

----- End of picture text -----

Tota

Allincome from other trading activities was attributable to unrestricted funds in 2025 and 2023.

51

ST, ROCCO’S HOSPICE (Registered number - 01565543) Notes to the Financial Statements For the period ended 31 March 2025

5 Income from investments

a)Company Unrestricted Endowrnent Total
Furies Funds 21.03.25
Listed UK Investments Note £ £
-		 E
DividendIncome
ShortTerm DepositInterest		 90,125
133,103		 il4
-		 90,239
133,103
Gift Aided Distributions 223,228 il4 223,342
StRocco'sShops Limited
SfRocco'sPramationsLimited		 8
g		 28,079
-
28,079
376,638
-
376,638
627,944
~~—«d dd ~—sg28.058"
Ee
b) Group Unrestricted Endowment Total
Furnds Funds 31.03.25
Listed UX Investments E
—		 £ £
DividendIncome
ShortTerm Oepesit Interest		 90,125
114
139,558
.
229,683
114
ee,		 90,239
139,558
229,797
eee
Investments ere held toprovideanoverall returnfrom both income and capital growth.
a)Company Note
Unrestricted Endowment Total
Funds Furids 31.12.23
Listed UK Investments Note £ E £
DividendIncome
ShortTerm Deposit Interest		 49,338
87,8230		 99
:		 45,437
87,820
Gift Aided Distributions
St Rocco'sShops Limited a - - .
StRocco'sPramotions Limited 8 179,036
266,193		 -
125,036
~—=~S=«3)S=« 25?
b)Group Unrestricted Endowment Total
Funds Funds 31.17.23
Listed UR Investments fF £ £
DividendIncame
ShortTerm Bepasit Interest		 49,338
91,202		 og
.		 43,437
$1,202
140,540
99
140,639
eet
hele

Investments are held to provide an overall return from both income and capital growth.

5?

ST. ROCCO’S HOSPICE (Registered number — 01565543} Notesto the Financial Statements For the period ended 31 March 2025

6 Other income a) Company

a) Company
Total Total
31.03.25 31.12.23
E E
Patient travel expense recharged : :
$5? Grant Income : i
Insurance income 80 5,335
a) 5,335
Allotherincomewasattributabletounrestrictedfundsin2025and2023.

6) Group

Total Total
31.03.25 31.12.23
E £
Patient travel expense recharged : =
Job Retention Scheme : -
$5° Grant Income . .
Insurance incame 80 5,335
Total 80 5,335
—————=—=___——————
aa
All other income was attributable ta unrestricted funds in 2025 and 2073,
7 Expenditure on raising funds
a) Company
Total Tota!
31.03.25 31.12.23
eee é
Investment management casts 15,822 14,074
Merchandisingand Event Costs 788,331 427,112
Total Total 204,653 441,186
eee

Total

53

5T. ROCCO'S HOSPICE (Registered number — 01565543) Nates to the Financial Statements

For the period ended 31 March 2025

b) Group

Tatal

Total Total
31.03.25 31.12.23
£ £
Investmentmanagement costs
Casts of Selling Gonated and Bought		 15,822 14,074
inGoods
Merchandising and Event Costs		 581,885
994,197		 B09,075
556,865
1,891,904
SSS		 1,412,014
ESSE

8 Results from Trading Activities of subsidiaries

St Rocco's St Rocco's Total Total
Shopsltd Promotions 31.93.25 31.12.23
Ltd
E é £ £
Donations and Gifts
- : - .
MerchandisingandEvents
investmentIncome
Other income		 933,375
4,162		 628,665
6,455
:		 1,562,040
6,455
4,162		 1,717,143
3,382
1,000
Total Income 937,536 635,119 1,572,657 1,221,525
TotalCosts (847,571) (300,852) (1,148,423) (1,051,125)
NetIncomeResources forthe
Year Before Gift Aid		 89,966 334268 424,234 170,396
GiftAid Paymentsta St Raceo's
Hospice		 (78,079) (376,638) (404,717) (129,036)
Net Income eee
61,887
{42,270}
19.517
41,360
a
FundsBrought Forward at 1January
r;
Funds Carried Forwardat41March 2025		 2024
a
March 2025		 {4,988}
220,369
———— €faqq
Vseveqa
56,899
177,999
SSS		 215,381
174,021
oo
234,898
215,381
Total Assets 370,571
SSS		 251,579
SSS		 622,150 840,711
Teta! Liab‘lities (315,754)
SSS		 (73,581)
(329,335)
SSS		 (625,330)

54

$7. ROCOO'S HOSAICE (Registered number - 01555543) Notes to the Financial Staternents

For the period ended 31 Narch 2025

9 Expendiqure on Charitable Activities

I-Patients
vent		 Niall
Cele		 Powe
bing &
ptasticnal
Cave		 Education Company
Atesical
Complerncrt'y
Sxctercs
Therapies		 tomate
Pvgagerear		 SuSt
alignsCare
Sub
vetval
ware		 210375
SaleresandWages
Therapa
EducationandTrainieg
Medica’,Orugs and OtherSuool.es
Prowsions and SundryEquioment
CleaningandLaundry
Water Fatesard Refuge
lightacd Heat
ina
oe
Painting, StationeryandAdvertising
Telephone andPostages
ComputerExpenses
Bank andPayrollcharges
FeparsancRenewals.
Motor and Travel expanses
Recruitmentand O25
Frofesaional fees
Miscelanecusexpenses
Qesreciation		 2,728,059
.
11,754
64,90]
33,106
13,466
11,828
32,530
18,751
15,504
10,763
37,815
adie
25,672
4413
5,997
44,475
3,899
91457
3175579		 7Ta,060
:
5,337
1? 176
B.a2e
5,928
5,542
17478
11,126
2,552
5,055
29.569
2,403
13,565
4,312
3,458
14.875
2.27]
55,539
282175		 §5.819
G
76Lk
-
2,207
1,760
1,990
6.427
3,156
2677
1,811
6.761
fil
4,319
2,155.
599
250
14.631
152,426		 67.836
-
3.015
.
-
43.146
4,558
9,656
5,644
47as
3.238
11.376
1278
are
o
-
.
26,161
i82420		 W555
156,338
.
781
io
3.816
3,643
.
"
:
EFI:
3,739
a72
4.284
1,010
11,638
590
6,756
500
5,742
338
2,499
Les
13,498
133
1.434
aa7
9.299
720
2,456
.
1,20
.
re)
2734
31,457
(06.046
257,263		 214,408
.
1,628
.
“
=
-
"
.
.
.
“
2
720
399
10
:
217,784		 §24,793
.
662
.
-
276
472
LS7?
-
T75
S20
1857
203
1262
.
240
67
4.279
536450		 3,955,390
783
aa709
109,740
44,141
25,687
19,045
79,926
46,073
39,059
26,431
97,855
10,393
63,026
14.178
1154
$9,500
7797
227,189
$852149

£100,697 (2023. £43,160) ef the aaove costs were attr butable te restricted Funds and $4,781,452 (2023: £3,732,031) were attributable to unrestr-cted furnds.

55

ST. ROCCO'S HOSPICE (Registered number — 01565543) Notes ta the Financial §tatements For the period ended 31 March 2025

$ Expenditure on Charitable Activities

Company Company
IePatieats
Urat		 Vitality
ese		 Family
Sugpert		 Educateon Waseu
Shipaterts		 fomplrgnty
Therapes		 9Cecmecty
Er gage race		 ‘tpesrabar
Palucve Cure
sus		 Total
321223
SwariesandWages
Therapaca
EducationandTraining
Medical,DrugsandO:-#:sueclies
Proviseonsand SundryEqu'pment
ClearingandLaundry
WaterRatesanda
LightardHeat
Insurance
Printing, StationeryandAdvertiging
Telephone and Postages
Computer Expenses
BankancPayrolchanges
RepairsandRenewals
“fotorandTravel Expenses
Recruitment and 58%
Prefestional fees
Miscellareoug gepenges
Depreciation		 2458088
-
20,300
50,233
26,766.
3,630
6,187
16,701
14,006
13,024
10,317
array
5.601
70,148
4,175
7,582
25,653
Lao?
M0262
2.803,777		 277.660
-
Sade?
7490
7,133
$5,521
3,482
9,044
3,206
FUT
5,884
15,104
3,047
16,955
3,175
4247
5,458
2.258
45,010
439,642		 123404
6
7.0a9
s
1,784
1620
1,040
2310
2,354
2,204
1,823
A673
a2
4,388
i587
758
386
11,362
166,382		 -
4077
.
-
2,897
1,861
5,025
4,213
3,938
3,253
3356
1634
6,057
aq
.
-
15,784
61,733		 .
.
B43
2142
-
305
194
$25
446
41i
40
a73
176
634
EFL:
.
-
2.057
9182		 -
559
2,120
:
-
3,487
2,240
6.050
5,073
4,742
a9i8
10,082
2,029
72o4
1.54?
1,516
TTL
23,821
75,261		 984,255
.
ot4
.
-
-
.
:
.
“
.
.
.
5
Ere
748
ch
c
156,84]		 61,702
.
ERE
:
.
so
288
#20
.
643
532
Lisa
275
344
-
305
So
3,230
7OI65		 3,085,109
550
41,543
5o.765
35,698
73,648
15,192
41,015
34,994
372,150
26,544
63,714
13,752
29,460
10,582
15,168
39,551
7.708
175,136
3,775,191

56

ST. ROCCO'S HOSPICE (Regittered number = 01585543) Notes to the Finandal Stater-ents For the parlod ended 31 March 2025

9 Expenditure on Charitable Activities

==> picture [442 x 246] intentionally omitted <==

----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Group| |FaterssLinat|Witabty|peaionsCoreg|[ih]|Mae cat|Corie|ent|p|Communte:|Pabab latesSoStail|Yiewal Careee| |Cary|fare|Education|Cauaeh|Thence.|rgagertert|drare|Tefal $103.35| |SalariesTherapises and Wages|2,723,059|78,055|95,813|67 B36|SES|156,538|214,|4n3|524,292|3,939.591| |Ecucation|-|=|022|-|-|Tal|1,503| |hedical,|and|Training|1L7S4|9,437|FALE|£015|1077|3.316|Le2e|664|4d 709| |Drugs and|Other|Suppl|eg|$4,905|13,176|-|:|3,653|“|-|10.742| |CleaningProwislons ard|Surndey Equip rent|23,105|8,518|2,207|:|-|.|:|44,1¢1| |Water|and Laundry|10,461|5,529|1,750|3,146|EPs.|3,790|276|25,659)| |Ught|Rates and|Refuse|18,808|10,631|3,164|5,658|592|6,61)|-|ayy|45,188| |ang Hee:|A100|o174ata|5.405.|$666|1.010|(1.634|"|1579|TB,|906| |Insurance|13,761|11,126|3,156|5 faa|50|6.735|=|44,073| |Porting. Stationery and Ac ertaing|17,337|S431|2557|5.216|545|6,275|.|£53|ah5TT| |Teephane and Postages|1o.764a|5,854|LEli|a238|sas|3.895|:|529|25,432| |Computer Expenses|37.815|= 70,569|6.351|11,376|1,134|12,6358|.|Las?|92,368| |Bank and Pays! Charges|“232|2204|Fla|3.274|133|1424|:|208|1h 358| |Repairs and Fanewals|25,717|13,9350|4,427|7,fa6|£o3|9417|-|1.264|$3,160| |Mator and Travel|exper ses|11,632|5.950|3,204|910|2733|912|-|29,437| |Recru'tment and 045|5595|3,359|55|-|-|1.195|oo|240|11,552| |Profeisicra!|fees|59,572|15,857|79,429| |Micellangaus|exsengas|5.¢64|3,214|S48|.|1093|SAT|a?|1.94| |Depreciation|91.859|59,114|14475|35,899|2.704|31,165|“|4207|225,457| |SSR208 405|30757|254.990|154,689|108,474|250855|218055|536,530|4943|071| |ELGO,|S10|TB|a|eS|EL| |fonds|S97 (207%:|643,160) of the above coats ware attributadle|to|sestricted funds aed £4.98|1252 (2023.|£4,742,021) were attrutadle|to unrestricted|

----- End of picture text -----

SF

ST. ROCCO’S HOSPICE [Reg stered nurnber — 01 565543) Notes tothe Financial Statements For the period ended 42 March 2025

3 Expenditure en Charitable Activities

Group
i-Pabents
eas		 Vitality
Centre		 Rarrihy
Stance:		 Education Merce
Gatcrves		 teres
Therapy		 Setonat
Comeanty
BalalveCore
Brgagerask
das		 Tote
31-1725
SalariesandWages
Therap sts		 2468083 277.660 123,404 - is 154,255
61702		 3,685,109
Education
andTramicg
Medical,
Drugsavd Other Supaiies
FrowigionsandSundryEsuipmast
CleaningandLavndry
WaterRatesandRefuse
vahtand Heat
Ingurance
Printing,StationeryandAdvertising
TelephoneandPostages
Compyter Expenses
BarkardPayrol!Charges
Repairsand Renewals
StotorardTraweleapendes
Recrulimant aac035
Professionalfees
Nidcellaneduseapernces
Osorecation		 -
-
.
:
-
550
559
20,300
5,467
$161
4,672
fae
2,120
gid
373
4g.a75
5o,234
7,492
.
-
2,142
.
.
“
55,768
25,765
7,133
L786
.
.
:
“
.
35.588
9,630
5.521
1,626
2,837
304
3,487
.
130
23,648
15,685
4,015
2,638
471g
433
5.681
.
288
38,529
16,701
o0gs
2,810
5,025
Ere]
6050
a20
41,015
14,006
B06
2,356
a214a
a20)
5,073
-
:
34,592
15,064
8.154
2,536
4,533
ana
$457
-
34
46.936
10,817
5.384
1.820
3,253
0
3918
.
33d
26,554
27777
15.108
4.673
§,956
ara
10,062
.
L3G
og.2id
5.601
3,c4?
922
L685
4
2079
“
278
13.755
27211
14,203
ashe
S156
B56
S855
-
1.336
65,826
10,537
E681
2385
-
STE
1,733
57g
-
P4592
7.585
4247
BLT
.
.
1517
753
303
5,168
32.874
12,958
51,832
4,481
2872
4a7
.
-
a7?
agar
54
S760
FOS76
a7,520
10,88?
19,470
2,034
23,445
.
3,179
177,211
243494
452,899
170060
87.000
SBE?
ELS56
= 156.997
RISE
3,850,385
eeLo
SS350983

Et

$7. ROCCO'S HOSPICE (Registered number - 01565543) Notes to the Financial Statements For the period ended 31 March 2025

10 Other expenditure a} Company

==> picture [437 x 108] intentionally omitted <==

----- Start of picture text -----
|||||| |---|---|---|---|---| |Total|Total| |21.03.75|31.12.33| |£|£| |se| |(Profit; / Loss on dissosal of fixed assets|(174,188)|1,984| |__ {174,188}|4,984"| |All|—[——| |of the above casts are attributable|to unrestricted|funds in 2025|and|2073.|

----- End of picture text -----

Total

b) Group

==> picture [434 x 109] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Total|Total| |21.03.25|31.12.23| |E|E| |[Profit]/ Loss an disposalof fixed assets|(174,183)|1,984| |~| |(174,188)|1,984| |All|ee| |of the above costs are attibutadle|to|unrestricted funds|in|2025 and|2073,|

----- End of picture text -----

59

$7. ROCCO'S HOSPICE (Registered number - 01565543) Notes to the Financial Statements For the period ended 31 March 2025

11 Support Costs Breakdown by Activity a) Company

==> picture [464 x 531] intentionally omitted <==

----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |3|Total|31.03.25|Total|31.17.93| |Pp|||my|a|co| |og|38|z|20|Og|2| |£|=|i]|—|7| |Staff|£|£|E|E|£|E| |Costs|Actual|-|482,198|482,198|-|445,638|445,638| |Education and Training|Space|2,185|2,338|4573|2,077|2,223|4.4300| |Water|Bates| |Cleaning and Laundry|Soace|642|637|1,325|591|633|124| |Light|& Refuse Collection|Space|1asz|1,554|3,005|760|813|1,573| |and Heat|Space|3,996|4.276|S272|2,051|2,154|4,245| |Insurance|$oace|2,304|2,465|4,769|1,720|1,240|3,550| |Printing, Stationery and Advertising|Space|1,953|2,090|4,043|1,608|1,720|3,328| |Teleshone ane Postages|Space|1,322|1,414|2736|1,328|1,421|2,749| |Computer Expenses|Space|4,643|4,965|9,611|3411|3,649|7,060| |Bank|& Payroll Preparation|Space|520|556|1076|68s|736|i424| |Aepairs and Renewals|Spare|3,152|3,373|6,525|2,473|2,646|5,119| |Motor and Travel Expenses|Space|719|769|1488|529|566|1,095| |Legal and Professional|Actual|600|1?|1,242|758|tl|1,569| |Audit FeesMiscellaneous|Expenses|Actual5055|_|:|4,094|4094|.|4,094|4094| |:|3,899|3,899|-|3,854|3,854| |Group| |5)|23,487|515,323|538,811|17393|472,838|agp 832| |mal|Total 31.03.35|Total 31.12.23| |a|7|me| |a|a|Fy|PY|ey|z|a| |Pa|=|=|&|beg|=| |£|r=}|7|2|=| |Staff|£|a|E|£|E|£| |Costs|Actual|>|482.198|483|i938|-|445,633|445,638| |Education|and Training|Space|2,135|2,338|4,523|2,044|2,187|4,231| |Cleaning and Laundry|Space|642|6a?|1.329|591|633|L2ed| |Water Rates|Space|2,305|2,471|4.780|1,926|2,061|3,587| |Light and Heat|Space|3,945|4,721|$,166|2,051|2,194|4246| |Insurance|Space|2,304|2,465|4,769|L720|1,249|3,560| |Printing, Stationery and Advertising|Space|2,134|2,278|4,407|1,859|1,979|3.879| |Telephone and Pa|Stazes|Space|1,322|1,414|2,736|1,329|1421|2,749| |Computer Expenses|Space|4,643|4568|9,611|3,211|E49|7.060| |Bank & Payroll Preparation|Space|520|555|1,076|688|736|i424| |Repairs|and Renewals|Space|3,158|3,379|6.537|3.341]|3,575|6,916| |Motar and Travel Expenses|Space|1,472|1,575|3,047|1,230|1,316|2,546| |Legal and Professianal|Actual|é0x)|642|1,243|758|éli|1.569| |Audit Feas|Actual|.|5,365|5,265|:|5,365|5.355| |Miscellaneous|Ex|penses|50%|__|.|5.467|5,467|es|.|4.880|4.280| |Basis|of Allocation|25,228|= S20,074|545,253|40,938|478,285|499|735|

----- End of picture text -----

Cast allocation includes an element of judgement anc the tharity has had te consider the east benefit af detailed calculations ane recerd keeping. Bases far caleulation include {a5 applicable}: ~ Specific costs have bean attributed where passible - Overheads have baen allocated on the basis af flone space and expected usage ~ staff and other casts have been attributed on Management estimates of usage

60

ST. ROCCO'S HOSPICE {Registered number — 01565543) Notes to the Financial Statements For the period ended 31 March 2025

12) Governance Casts

Mate Company
—S		 Group
ep
Total
Total
31.03.25
31.12.23		 Total
Total
31.03.35
31.12.73
£
£
i		 f
£
EO
GovernancecostsincludedinSUpPort
External audit
Trustees’ indemnityinsurance
Legal&professionalfees		 SUpPortCostsaremadeupofthefollowing:
14
7,999
6,111
:
594
594
50,907
32,345
59,500
39,550
—_———____		 12,578
11,235
594
594
66,257
40,003
79,429
51,83?
———

13° Net income / (expenditure) for the year Net income / (expenditure) is stated after charging / tcrediting):

Total Total
31.03.75 31.12.33
Depreciation of tangible fixed assets £ E
Auditor's Remuneration 249,340 192,670
Investment manager's casts 12,578 35
Ocerating ‘ease rentals 15,82? 14,074
(Profit]/loss
ondisposal ofinvestments		 184,289
(88,863)		 216,552
(84,203)
14
Auditor's remuneration
Total Tatal
31.03.25 931,12,33
E E
Fees payable to the charity'sauditar
for theaudit
of the charity's
annual accounts		 7,999 6.111
Fees payabletothe charity’s auditor forother services:
Audit of the charity's subsidiaries
4.579 5,124
12,578
11,235
ee

61

ST. ROCCO'S HOSPICE {Registered number - 01565543) Notes to the Financial Statements For the period ended 31 March 2025

15 Trustees' and key Management personnel remuneration and expenses

The trustees neither received nor waived any remuneration during the pariad (2023: £Nil}. The total amount of employee benefits received by key management Personnel is £647,386 (2023- £447,175). The Trust fonsiders its key management personnel comprises the Trustees and the Chief Executive Officer, Chief Operating Officer, Director af Finance & Corporate Governance, Medical Director, Director of Income Ceneration & Ma rketing and Director of People & Corporate Services. The trustees did not have any expenses reimbursed during the Period (2023 - Enil).

==> picture [429 x 192] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Total|Total| |31.03.25|31.37.93| |Trustees'|Indermnity|Insurance|———E|£| |956|765| |16|SSS| |Staff costs|and employee|benefits| |Company| |5|Group| |Tatal|Total|Total|Total| |31.03.25|31.12.73|31.03.25|31.13.33| |Wages|£|£|£|£| |Social|and Salaries|3,765,348|7,935,452|4,177,846|3,294,401| |Security Costs|336,063|261,768|378,158|287,184| |Pension Costs|ry|223,749|185,706|243,541|198,325| |4,326,160|3,382,936=|4,799,545|3,779,911|

----- End of picture text -----

During the period the Hospice had 1 higher paid employee (2023: 2) whose emoluments, excluding pension contribution totalled between £70,000 and £80,000 and 1 higher paid employee (2033 - 1) whose emoluments, excluding pension contributions totalled between £80,000 and £90,000.

The average number of employees analysed by function was:

==> picture [430 x 168] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Company| |_|Group| |Total|Total|Tatal|Total| |oe31.03.25|31.1323|31.03.25|31.12.23| |Charitable|No.|No.|Ne.|12.23No,| |Cost|Activities|90|86|90|86| |of generating|funds|&|§|26|a5| |Support Services|Z|2|Fi|Z| |Management|and Administration|of the Charity|i|14|ll|id| |lll|i190|129|li?| |Part|[time]|ry es| |Full|time equivalent|8575|a5a?|8993|od88|

----- End of picture text -----

62

  1. ROCCQ'S HOSPICE (Registered number — 01565543) Notes to the Financial Statements For the period ended 31 March 2025

17 Tangible fixed assets

a)Company Fixtures& Plant&
Motor
Cast or valuation Leasehold
Fittings
Equipment
Vehicles
Total
£
£
E
£
£
E
AtO1.01,2024
Additions
Disposals/fullywritten off
At31.03.2025		 5,032,084
204,547
847,708
6,224
6,090,563
3,127
9,614
73,656
-
$6,397
(128,247)
-
{9,589}
.
(137,836)
Tet
i
BG)
4,906,964
214,161
911,775
6,224
6,039,174
————
ee
EES
8099,1204
Depreciation
ATOLL 2024
Chargeforyear
Elirninated ondispesal/
written off		 (1,907,001)
(170,339)
(566,443)
(6.224)
(2,650,012)
(121,499)
(#,083}
(97,608)
:
(227,190)
61,374
.
2,108
.
69,487
At
31.03.2025		 z
{1,967,126}
(178,422)
(655,948)
(6,224)
{2.807,720)
a
ll
SS
NetBookValueat31.03.2025
NetBookValueat31.13.2023		 2,939,838
35,739
255,827
-
‘3,231,404
eS
ST
rr
3,125,083
34,208
281,260
-
3,440,551
Sn
b)Group Fixtures&
Plant&
Motor
+
Cost or valuation		 Leasenold
Fittings
Equipment
Vehicles
Total
£
£
E
£
£
a
AtO1.01.7924
Additions
Dispasals/fullywrittenoff
=
At31.03.2025		 5,055,182
335,501
865,648
22,479
6,278,810
3,127
23,415
73,656
-
100,198
(128,247)
-
(9,589)
-
(137,836)
NOSED
UO
OSH]
4,930,062
358,916
929,715
22,479
6,241,172
_—__"aa
aeS
241,172
Depreciation
AtOLO1 2024
Chargeforyear
Eliminatedondisposal
written off		 (1,921,540)
(257,154)
(584,386)
(22,479)
(2,785,560)
(123,767)
(27,965)
{97,605}
-
(249,340)
61,374
-
8,108
-
69,482
At31.02.7035 -
-
Be
remere
{1,983,933}
{285,119}
(673,286)
(22,479)
(2,965,418)
SS
ee 9)
(2,965,418)
Net BookValueat31.03.7025 7,945,129
73,797
255,829
:
3,275,754
SS
Net BookValueat31.17.2023 3,133,642
78,347
281,262
-
2,493,250
eeSSSS

63

ST. ROCCO'S HOSPICE (Registered number =01565543)

Notes to the Financial Statements For the period ended 21 March 2025

13 Fixed Asset Investments

==> picture [420 x 620] intentionally omitted <==

----- Start of picture text -----
||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Unrestricted|Endowment|Total|Tatal| |Funds|Funds|31.04|25|31.12.23| |E|E|£|E| |Man|current|company|and|Group|Us|quoted|invegthnerts| |AbGifotfia|4,335,587|2453|4,332,040|2,711,638| |Transter|ta|current|investments|(1,476,157)|=|(1,476,157)| |Less|dissosals|al|opening|market value|(2.527.429)|-|(2,577,429)|{215,595}| |Add|acquisitions|at cost|2,370,558|.|2,370,953|1,825,091| |Net|[losses}/gain|on revaluation|{630,122}|(108)|(630,220)|16,907| |At 2i/03/2025|-|2002,837|2345|275,182|4,338,040| |Historic|cost|carried|forward|2,099,047|.|2,099,047|Za78|70a| |Unrestricted|Endowment|Tatal|Total| |Funds|Funds|3103.25|31.12.23| |Current|company|and|Grocp|VE|quoted|investments|E|:|~|E|_|£|E| |ALGifol/24|.|-|.|"| |Frasifer|from|ron|current|investments|LAT6, 157|1,476,157|:| |Less dspogals|at osening market value|(30,758)|-|(20,758)|:| |Add|acquimtions|at|cost|559,015|.|555.015|.| |Net (iossesifgain on|revaluation|a|.|can|.| |ALSL/fos/2025|2,054,414|.|2,004,414|z| |Histori¢|cost|carried|forward|1,956,197|:|1,956,197|.| |Total|current|and|nan|cerrent|investmests|4,077,251|2.345|4,079,556|4,338,040| |Asat|31|March|2025,|the|folowing|material|nor|current|and|currant investments|were|in¢iuded|in|the|porfelio:| |3103.25|31.12.23| |£|E| |AHFM Gefined|returns|75,352.| |Arauthnot Lathan|83,227| |Asan|Development|Bank 3.875%|99,534| |Agan|Development|Bank 4.125%|79,546| |Astraranaca|34,450| |Baillie|Gitford|&|Co|- Japanese W6 Ace|30,271| |Baring|Fund|Managers|Evrape|Select|Trust|L|36,272| |CRH|Ore|Euro|37,870| |Crada|International|20,507| |Deposits|/|trading|balance|2|Evelyn|Partrers|33.070| |Dodge & Cos|Worldwide|56.775| |EIR|6.125%|93,350| |EIB|3.75%|9,211| |First|Trust US|Equity|incarie|WCITS|63,293| |Fundrocs|Partners|mites|23,531| |Geleman|Sacha|FDS|110,000| |Harepshire|Trust|dank|B?|764| |Rargreaves|Lansdown|Treasury|0.75%|2027|Gir|$93,698| |Hencersan|Globe|investors|43.220| |Hencerdan|Smaller|Cos|liv|Tst|41.259| |HSBC|93,062| |RON!|Bank|85,407| |Internatocal|Bank Recon|&|Sy 0.25%|95.410| |Internabatal|Bank Recor|&|DV 0.625%|63,75]| |Investec|7.516| |Investe|Frydical|Gold|58.703| |Ithares Core|FUSE|105 UCiTS|ETF GaP|in:|S2.717| |Ishares FISE2S9|UCITS|ETF GOP|Inc|44.513|

----- End of picture text -----

65

JOHambrocas ViGht
JP Morgan Global MacraOpportun ties 37,410
JPM Sterling Liquidity 41,372
RP 375 120,060
KEW 3.875% 93,820
lireFund Solutions Led , ~ghiman Eurogead 100,715
lyxor Core US Tips ETF Hedged 25,600
M&G Securities LidCarpSond
MiG Securities Lid UK IRFLT		 51,583
51,758
Mayfair Capital 56,667
hl Twantyfour Oynamic Bond 42,764
Monmouthshire 4,154
Morgan Stanley 19 52% FTSES & Pp Digital Synthetic 63,616
Murray Income Trust Ord GBP 0.25 35,695
hatonw.de Fleed = Smart term 39,141
Oaknarth $03,286
Prem er Meter Income Funds 82,325
Sainsbury's Bank 43,958
Santander Intersational 29,953
Shawbroak 91,354
Shell plc 35,616
SPOR S&PS DividendAristocrats
Standard Chartered Bank - $hort +e-m		 35,718
54,340
Stewart Investars Asia Pacific 500,009
Threacneedle Investment funds 40,436
TMMatas inv FOS
VeL UK 78,365
UKGow O.225% Snr Bes B5,274
JEGov 1.54% Snr Bas 116.676
UK Gov2% Snr Bes 116,160
UK Gow
3.753) Snr Bds		 118,843
UK Gow4.125% Sor Bels 119,016
UK Gov£255 Sar Bds 115,604
UR Gav 4.5% Sor Ads 120,804 51.555
UKTS (Fs 121,183
Vanguard Investment Serias PLC 745,055
WS Lightman iny FD 56,78)
Aggregsted Other Irvastneats 51,758
1,909,169
4,077252
4,335 587
SS
31.03.25 41.12.23
E E
Prodey(loss) ordispogal ofinvestments
Met gain/ loss] on reva.uation 83,863
16,907
____88863
101,110
SSeee

65

ST. ROCCO’S HOSPICE (Registered number - 01565543) Notes to the Financial Statements For the period ended 31 March 2025

19 Stock

stocks included in the group balance sheet comprise goods held for resale,

==> picture [58 x 46] intentionally omitted <==

----- Start of picture text -----
||| |---|---| |Finished|goods| |Tatal|

----- End of picture text -----

==> picture [112 x 106] intentionally omitted <==

----- Start of picture text -----
||| |---|---| |Tota!|Total| |31.03.35|31.12.23| |————eeE|E| |2,082|-| |2,082|:| |————|ESS|

----- End of picture text -----

Stocks included in the group balance sheet comprise goods held far resale, The valuation of donated foods in Sops cannot be measured reliably as the costs outweigh the benefits. It is not practical to estimate the value of the stock with enough reliability. Therefore, we recognise the value when the g0o0ds are sold, not when received.

20 Debtors

==> picture [447 x 134] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Company|Group| |31.03.25|31.12.23|31.03.25|31.12.23| |E|E|£|£| |esee| |Amounts owed|by group undertakings|25,079|374,993|.|-| |CtherIncomeDebtorsTax|Recoverable|27,025.|41,133-|$6,798-|59.885-| |Prepayments and Accrued income|435,756|735,492|$00,552|800,216| |Trade Debtors|547,721|364,009|470,000|388,813| |I|88815| |1,048,581|1,515,627|1,027,350|1,248,914| |SS —————|nd|

----- End of picture text -----

As at the year end, a total of £353,751 (2023 - £658,228) of income has been accrued.

66

$T. ROCCO’S HOSPICE (Registered number — 01565543) Notes to the Financial Statements For the period ended 31 March 2025

21 Current Asset Investments

Tota! Total
31.03.25 31.12.23
£ £
Shortterminvestrents-$€2@note 18 formaredetail
short term depasits		 2,004,414 .
-
.
Total
2,004,414 .
22 Creditors:amounts fallingduewithin oneyear
Company
mae		 Group
Amounts owed bygroupundertakings
Trace
Creditors
Other
TaxesandSecialSecurity
Other
Crediters
AccrualsandDeferredIncome		 31.03.25
£
£4,011
74,676
65.756
55,317
480,117		 31.17.23
£


213,576
63,794
24,390
353,840		 31.03.25
31.12.23
£
£
Pa
=
Si
as
204,775
240,758
65,258
63,797
127,915
86,482
603,494
463,409
23
Provisionsfor Liabilities		 Se
759,377
655,600
———		 1,001,443
———SS		 860,443
Dilapidations provisian Company
See
31.03.25
31.12.23
£
E		 Group
ee
31.03.25
£		 31.12.23
£
2 . 35,180 40,390
7
2
=		 =a 35,180
40.399
SSS

67

ST. ROCCO'S HOSPICE (Registered number — 01565543} Notes to the Financial Statements

For the period ended 32 March 2025.

ST. ROCCO'S HOSPICEROCCO'S HOSPICEHOSPICE (Registered number — 01565543}number — 01565543}
Notes to the Financial Statements
For thethe period ended 32 Marchended 32 March32 MarchMarch 2025.		 (Registered number — 01565543}number — 01565543}— 01565543}
24
Fund reconciliation
a) Company
Unrestricted Funds		 Balanceat
01.01.2024
Income
Expenditure
E
£
£		 Transfers
E		 Gainsj
Balanceat
losses
31.03.2025
£
£
GeneralReserve
OesignatedFurd		 3,763,857
4688782
[5,411917)
4,665,749
.
-
429606
4.688.783
($411,917)		 (141,574)
256,045
114,471		 88,563
2,988,011
>
4921794
88.863
7,909,805
EndowmentFund 2,553
114
:		 (213) (105)
2,345
8.632.159
4,683,896
(5,411,917)
114,958
88,754
7,912,150
7,912,150
Restricted funds Balance at
01.01.3024
Income
Expenditure Transfers
£
=
£
£
/		 Gains;
Balance at
Losses
31.03.2025
£
E
Cepartment OfHealthGrantphase 1
National Health ServiceEngland grant IPL
The Merseyside Palliative careand		 435,012
-
.
2
584
-
-		 (15,371)
t?,317)		 :
41D643
-
228,267
training
Fund (MPpETh
Cancer Rehabilitation Training
ICN
TrainingGrant
Cheshire Community Faundation		 :
“
$4,719
40.000
(50,424)
93,381
-
A
18,556
:
(6,110)
.		 -
78,382
(93,381)
15,000		 ‘
=
122,677
&
Hospice UK-NH5 England COVWID funding
Noise ConsultantsGardening group
The Hospital Saturday		 s
.
-
;
592
.
{592}
-		 <
.
-		 s
.
:
:
:
-
Bereavementcafé
Ingewity
HospiceUK OHSC Capital Grant
The James Tudor Foundation
WarringtonOlder People Fund
Ingevity Restricted Funds
it Memory Donation		 .
.
1,396
550
{1,022}
27,354
:
(27,394)
-
&8,421
-
10,000
-
6.538
-
(5,538)
-
4,657
(1,507)		 -
-
-
(82,421)
-
.
(3,150)		 -
=
:
924
:
:
>
-
.
10,000
a
-
-
s
Warrington Lions Donation
We Care Donaton
HSBC
Total
funds		 =
2,950
(2,450)
-
.
-
-
3,500
{3,500)
-
-
.
.
62?
-
2
ba?
_ #95
.
(660)
:
.
135
Z 874,008
150,700
(100,697) (14,288)
gages
809,753
_5,306,167
4.839,596
(5.512614)
S=~~=«BSADTSOT
ae
ean
8,721,903.

68

$T. ROCCO'S HOSPICE {Registered number — 01565543) Notes to the Financial Statements For the period ended 31 March 2025

24 Fund reconciliation fcantinued)

24 Fund reconciliation fcantinued)
b)Group Batance at
Unrestricted Funds
General
Reserve
Oesignated Fund
Endowment
Fund		 01.01.2074
E
=
3,981,344
4 655 7 9
8,647,093
2,553		 Income
E
5,856,720
-
2,856,720
114		 Expenditure
E
(6,560,340)
-
(6,560,340)
.		 Transfers
E
—
(141,574)
256,045
114,471
(213)		 Gainsf
Losses
E
86,863
-
63,863
(109)		 Balance at
FL.03,2035
E
3.275.014
4,921,744
8,146,808
2,345
8,649,646 5.856.834 (6,560,340) 114,758 88,75d 8,149,153
Balance at
Restricted funds
Department Of HealthGrant phase 1
National Health ServieeEngland grant		 PU
The Merseyside Palliative care and
trainingFund(MPET}
Cancer Rehabilitation Training
ICN
TrainingGrant
Cheshire Community Foundation
Hospice UkK-NMS Englandcovip funding
NoiseConsultantsGardeninggroup
The Hospital Saturday		 01.01.2024
£
435,013
235,584
-
Sa,719
93 381
18,596
:
.
oo2		 Income
E
-
-
-
40,000
-
:
.
.
-		 Expenditure
E
-
-
-
(50,424)
-
{6,110}
2
-
(592)		 Transfers
é
(15,371)
{7,317}
-
78,382
(33,381)
15,000
.
.
-		 Gans
Losses
E
:
-
:
.
zs
-
.
.
.
Befeavementcafé
frigevity
IMO restricted		 .
1,396
27,394		 .
550
.		 :
(1,023)
(27,394)		 :
2
;		 :
2		 .
-
924
February foundation
Warrington OlderPeopleFund
Flooring "Neighbourly Foundation		 :
-
6,538		 35,4271
10,000
.		 .
-
(6,538)		 (38,421)
-
.		 -
-
-
-		 :
-
10,003
SamHamiltonLondon Marathon2033
The Health Foundation :Tech forBetterCare
Program		 -
.		 4,657
2,950		 {1,507}
(2,950)		 {3,150}
-		 -
-		 *
5
-
IPAD for Lottery
HS8c		 “
.		 3,500
622		 (3,500)
-		 .
-		 : :
Tatal funds 795
:
874,008 180.700		 (660)
-
{100,697} {114,983}		 :
-
_803,753		 622
135
803,753
9,523,654
6,007,534
16,661,037)		 = 68,754
8,958906

63

$7, ROCCO'S HOSPICE (Registered number — 01565543) Notes to the Financial Statements For the period ended 31 March 2025

ENDOWMENTS FUNDS:

On 5 September 2005 St. Rocco's Hespice received 1653.880 units of Charinca Common Investment Fund Income fram The Sir Frederick Norman's Helping Hand Fund, resulting from its being wound up. The governing document of this fund restricts the charity ta on'y using income from the investment, nat the capital transferred, The balance of

RESTRICTED FUNDS;

The Department of Health “Dignity in Care for Older People" — A capital grant for £616,650 was received in 2007-08 and expended in 2008-09 for the first phase of expansion of the Hospice, lt was used for the enhanced Day Unit and Therapy Suite. The balance of this fund at 31 March 2025 was £419,642 (31 December 7073 - £435,013).

NHS England prant te enable improvements to the physical environment of patients - a grant of £292,651 was received and expended in 2013-14 for the creation of a communal room, a communication room for patents and their families and the refurbishment af a bathroom in the Inpatients Unit. The balance of the fund at 31 March 2025 was £228,268 (31 December 2023 £235,584),

The North Cheshire Integrated Cancer Network Education Fund - This maney Is being used for paying for educational évents for staff within the network. The network funds have been consolidated during 2024 , with a balance of £15,000 re-allocated fram the Cancer Rehabilitation Training fund , to this fund. The balance of the fund at 31 March 2025 was £27,486 {31 December 2023 £18,596).

The Merseyside Palliative Care and Training Fund (MPET) — The Hospice has been receiving funds sinee 2011-12 from Merseyside & Cheshire Cancer Network and NHS England to organise palliative care training for the GPs inthe North Cheshire area. This fund is the aggregation of the previous MPET, MPET2, MPET3 and MPET4 funds. The End of Life (EL) partnership is current'y evaluating the future utilisation of the funds. During 2020, an other £500 were receivad to the fund. During 2021 £500 was spent in relation to the annual subscription for Pallaborative North West. In 2024 the Hospice received £40,000 from the ICR for education and training progeammes for paliative care . The network funds have been consolidated during 2024 , with a balance of £78,382 re-allocated from the Cancer Rehabilitation Training fund to this fund. The balance of the fund at 31 March 2025 was £122,677 (31 December 2023 - £54,720).

Cancer Rehabilitation Training Fund — The Hospice received in 2014-15 £6,258 from NHS War rington CCG to organise ‘ocal training delivary plan and a further £2,400 for an additional Cancer Rehab Volunteer Event. A further £8,400 was received in 2016-17 to deliver a Programme of Education & Worsshops, In addition, £10,000 was received in 2017-18 to deliver a programme of Education & Workshops, a further £6,000 ta deliver a Conference on Palliative aad End of Life Care, and £10,000 to deliver an Enablement Propramme far life-limiting illnesses, In 2019, afurther £20,000 were received from the CCG for Supporting Delivery of Community Holistic Needs Assessments and Enablement Programme and £8,640 from the CCG for End Of Life Education Programme, In 2020, the hospice received £20,000 from the CG far education and training programmes far palliative care end £20,000 for holistic needs assessment supporting people with a life limiting illness. In 2071 £1,219 was spenton meeting costs, clathing, and finance costs The network funds have been consolidated Guring 2024 , with a balance of £93,387 re-allocated fram the Cancer Rehaoilitation Training Fund ta both The Narth Cheshire Integrated Cancer Network Education Fund and The Merseyside Palliative Care and Training Fund (MPET/PEQLC) The balance of the fund at 31 March 2025 was ENIL (31 December 2023 - £93,382}

70

ST. ROCCO’S HOSPICE {Registered number - 01565 543) Notes to the Financial Statements For the period ended 31 March 2025

RESTRICTED FUNDS:

Noise Consultants Gardening group grant Ths grant fram the Noise Consulting group was received to fund the Barcenirg group project at the Hospice. The Hospice purchased gardening tools and consumables in 2024, The balance at 31 March 2025 was ENil, (31 December 7034 £592)

Bereavement café

£2,445 was given ta the Hospice as donat ons in 2022 in order ta fund the Bereavement Calé intiative These funds are used to buy the necessities for the cafe's munsing, including rent. There are currently 2 cafes, one at Alexandra Park in Stecklan Heath and one at Bank Park next te the Town Hall in Warrington centre, During 2024 , the Hospice received additional funds of £550 to support the running of the Bereavement Cafés. The balance of this fund at 31 March 2025 was £925, {31 December 7023 £1,396)

Ingevity Restricted Funds

This corparate donation by Ingevity UK Limited Warrington has been secured for the neat 3 years on the basis that we keep the relationship with their Ingevicare Scheme. The relationship is held locally and also intiudes a weekly volunteering slot in cur Sankey St shop for one member of staff per week, The balance of this fund was £22,787 at 31 December 2022, The donation for the second year was received on 30 March 2023 - the value was E24.500. In 2024-2075 » the fund was used to Support direct Patient care casts as agreed with Ingevity The balance of this fund at 31 March 2025 was €Nil {31 December 2023 £27,394}

HSBC H58C “Supporting aur Community” programme donated £9990 in December 2033 in order to build a gazebo for the patiorts outsides of the IPL lounge. The garebo was ordered in February 2023. The Hosaice purchased florals for the gazebo in 2024, The balance of this fund at 31 March 2025 was £135. (31 December 2023 £795)

Cheshire Community Foundation

This fund was received fram Cheshire Community Foundation, fram their Warrington Older Peaonle fund We agplied for a prant fora Therapy Assistant ta Support the Cacer's proup to reduce Social isofation, £9,941 was received in June 2023. The fund Ras been utilised to fund the Hespice thereapy teams in Providing suppart ta carers. The balance on this fund at 31 March 2025 was

Ingevity Restricted Funds for Ultrasound Scanner The fund was received in 2024-7025 through fundraising to fund direct Patient care costs . The fund Was an IN Memory donation from a patient's farnily member. The balance on this fund as at 31 March 2025 was EMI

In Memory Donation The fund was received in January 2024 to fund the Vitality Centre. The fund was utilited ta SUPPOort aromathereapy products used balancein the Vitalityon thisCentrefund asfor at 31PStieNnt Marchtreatments 2025 was ENII,in addition to Supporting the Relaxation Classes held in the Vitality Centre. The

Warcington Lions Donation

MarchThe fund2025 waswas receivedENil, in May 2024 ta fund direct patient care as agreed with Warrington Lions, The balance on this fund as at 31

We Care Group onThe fund this fund was as receivedat 31 Marchin February2025 was & MarchEB22, 2025 to fund the "We care" coffee afternoons ear4 WEEK at the Hodpice . The balance

The James Tudor Foundation MarchTre fund2025 waswasreceived£10,000in March 2025 to fund casts asseciated with palliative care nursing . The balance on this fund as at 34

Hospice UK DHSC Capital Grant The31 March fund was2025 receivedwas ENil,in March 2025 to fund Capital expenditure in the 2024-2025 financial yaar. The balance on this fund as at

71

ST. ROCCO'S HOSPICE {Registered number - 01 565543) Notes to the Financial Statements For the period ended 31 March 2025

DESIGNATED FUNDS:

WOrKAs at 31stStreams MarchOF 2025,services: a total emount of £3,591,808 has beer desigeated fram unrestricted reserves oy the teustees for the folie WINE

As at 31stStreams MarchOFat 31stStreams MarchOFMarchOF2025,services: a totala total emount of £3,591,808 has beer desigeated fram unrestrictedof £3,591,808 has beer desigeated fram unrestricted
WOrKAs at 31stStreams MarchOF Streams MarchOF OF services: a total		 emount of £3,591,808 has beer desigeated fram unrestrictedof £3,591,808 has beer desigeated fram unrestricted£3,591,808 has beer desigeated fram unrestrictedbeer desigeated fram unrestricteddesigeated fram unrestricted emount of £3,591,808 has beer desigeated fram unrestrictedof £3,591,808 has beer desigeated fram unrestricted£3,591,808 has beer desigeated fram unrestrictedbeer desigeated fram unrestricteddesigeated fram unrestrictedfram unrestrictedunrestricted reserves oy the teustees for thethe teustees for the
OMOL/2024 New
Utilised,
Desgrations
Released
31/03/2025
hOncomm'ssionedclinical services
StrategicDevelopment
Equipment replacemant
Refurbishrent
Training&Education
Hospicevehicles renewal
Shopsmaintenance
Legacyequalisation reserva		 7,989,611
94,537
117,849
28,151
32,509
30,000
$2,105
1,329,983		 2,045,495
(1.748.928)
3,277,278
73,000
(76,467)
131,070
(24,549)
93,300
(27,406)
745
(25,200)
7,309
30,000
52,105
1,325,988
Th ci
4.605,750
2,118,495
(1,862,450)
= 4,991,795
a

Non commissioned sereces

represents the chantable net investment for 2 han-commissiored beds in our Inpatients unit for 2 years and our p ENt sitting service co-ordination

Strategic development

Equipment replacement

Refurbishment

includes a strategic Investment in our digital estates, hardware, software & websire upgrade, implementation, data transfer & teaining, MS Office for 2 Years, provision of management information to improve efficiency and helping more efficient frontline care dal vary ‘Nudes the reslacement af aur Medica! equipment (beds, mattresses, Duress, vehicles]monitors, wheelchairs) and nan medical equipment {kitchen, cleaning, sheps,

includes general réfurb/shment, including the aitchen, back Courtyard and grounds

Training & Ecucation

Professional and workforce development in support of workforce plan

Hosp.ce vehicles renewal Shops maintenance

Legacy equalisation

fepresents the replacement of hospice moter venicies

thides cilapidation casts, maintenance of owned shops, replacement of shops veh cles, trying to increase income

“epreiants a fund made out of excess legacy income over the average of E230 ina period to be raleased in parigds Of less than average legacy income. This allows for imoothing the cyele of highly unpredictible and inrégular income

fe

ST. ROCCO’S HOSPICE (Registered number — 015655 43) Notes to the Financial Statements For the period ended 31 March 2025

25 Analysis of net assetsbetween funds
a)Company Unrestricted
Restricted Endowment
Funds
Funds
Funds		 Total
31.03.2025
Tangible
FixedAssets
investments
Investments insubsidiaries
CurrentAsses
Current Liabilities
Total		 E
E
£
"2,444,083
787,321
=
2,072,837
-
2,345
3,002
-
-
4,149,260
22,432
.
(759,377)
-
-
__7,909,805
809,753
2,345
SSS		 E
3,231,404
2,075,183
3,002
4,171,692
(759,377)
8,721,903
Unrestricted
Restricted
Endowment		 Total
Funds
Funds
Funds		 31.12.23
Tangible
FixedAssets
Investments
Investmentsinsubsidiaries
CurrentAssets
Current Liabilities
Total		 £
E£
£
2,744,801
695.750
-
4,335,586
-
2,454
3,002
:
:
2,001,916
178,258
-
(655,600)
-
:
.
8,429,705
874,908
2,454
SS		 E
3,440,551
4,338,040
3,002
2,180,174
{655,600}
9,306,167
b)Group Unrestricted
Restricted Endowment
Funds
Funds
Funds		 Total
31.03.2025
Tangible
Fixed Assets
Investments
CurrentAssets
CurrentLiabilities
LongTerm Liabilities
Total		 E
£
£
2,580,004
695,750
-
2,072,837
-
2,345
4,622,160
22,432
-
{1,001,442}
.
-
(35,180)
-
-
&,238,379
718,182
2,345
SSS
ee		 E
3,275,754
2,075,182
4,644,592
{1,001,442}
(35,180)
6,958,905
Unrestricted
Restricted
Endowrnent		 Total
Funds
Funds
Funds		 31.12.23
Tangible
FixedAssets
investments
Current Assets
Current liabilities
LengTerm Liabilities
Total		 £
a:
£
E
2,797,501
695,750
-
3,493,251
4,335,586
.
2,454
4,338,040
2,414,935
178,258
.
2,593,193
(860,440)
-
:
(850,440)
{40,390}
.
-
{40,390}
8,647,192
874,008
24549.523.654
ee

3

5T. ROCCO'S HOSPICE {Registered number — 01565543) Notes to the Financial Statements For the period ended 31 March 2025

26 Share Capital

The company is limited by guarantee and has no share capital, The liability of members is Vmited to the sum of £1 per member

27 Reconciliation of net income / expenditure) to net cash flow from Operating activities

27 Reconciliation of net income / expenditure) to net cash flow from Operating activitiesnet income / expenditure) to net cash flow from Operating activitiesincome / expenditure) to net cash flow from Operating activities/ expenditure) to net cash flow from Operating activitiesexpenditure) to net cash flow from Operating activitiesto net cash flow from Operating activitiesnet cash flow from Operating activitiescash flow from Operating activitiesflow from Operating activities of net income / expenditure) to net cash flow from Operating activitiesnet income / expenditure) to net cash flow from Operating activitiesincome / expenditure) to net cash flow from Operating activities/ expenditure) to net cash flow from Operating activitiesexpenditure) to net cash flow from Operating activitiesto net cash flow from Operating activitiesnet cash flow from Operating activitiescash flow from Operating activitiesflow from Operating activitiesOperating activitiesactivities
Group Group
31.03.25 31.12.23
He £
aoe
Netincome
/{expenditure} for year
Dividends received		 (564,749) (312,833)
snort
TermDepositInterest
Oepreciationandimpairmentof tangible fixedassets
(Gains) /losseson investments
{Increase} / d crease in stack		 (90,239)
(139,558)
249 340
630,230		 (49,437)
(91,202)
192,670
(16,907)
(Increase)
/decrease indebtors
increase
/(decrease} increditors/pravisions
(Gains)
/losses on sa'eoftangible fixedassets
Net
cashflowfromoperatingactivities		 {2,082}
-
221,564
= (167,210)
135,791
197,211
68,354
—
1,584
208,651
(250,729)
 ]
eet

28 Shares in Subsidiary Companies

The shares in subsidiary companies are stated at cost of £3,002 (7023 - £3,002) and cornprise the fcllowing companies:

St. Rocco'sShopsLtd(Registerednumber02484944) Class ofShare 31.03.25 31.12.23
NumberofShares Held
6
Shareholding
Net Assets/(Lass)		 Ordinary 3,000
100%		 3,000
103%
Operation ofCharityShopsandMerchandising fromFundraising Activities £56,898 (£4,989)
St. Raceo’sPromotians Ltd (Registered numberO3034626)
Number
of Shares Held
%
Shareholding
Met Assets		 Ordinary 2
10036		 Z
100%
Operation afaLottery £177,999 £220,370

fd

$T. ROCCO'S HOSPICE (Registered number — 61565543) Notes te the Financial Statements For the period ended 31 March 2025

29 Operating Lease Commitments

Minimum lease payments under non-¢anceilable cperating leases fall cue ge follows:

Total Total
3103.2035 2243.93
Not laterthanone year — £ £
Later
thanone yearandnatlaterthanfiveyears
Later
fiv
ears		 177,350
280,042		 195,546
494,117
. 26,354
30 Pension Costs 457,397
SSS		 Fa017
>
TheHospiceoperatestwapensionschemes:

A defined contribution Pension scheme for its emproyees, where contribut Ons are Made at varying rates Aviva {fram 1 April 2020, previously Standard Life Assurance Scheme} and are charged to the Statement of Financial Activities {SoFA} when payable. The contibutions ta Aviva for the Period ended 34 March 2025 were £271,088 (3023- £220,135) The funds are held separately fram those of the charity.

AHational definedHealthberefit Service pension Superannuation scheme for al! Scheme. eligitie employees, The assets of the scheme are held s€patately by the ContriSutions to the scheme are charged to the SoFA as (hese are incurred. This Pension scheme does not have a real Btrsion fund but, aga statutory scheme, benefits are fuily guaranteed by the Government beCo n eftr i tsbutions each yearfrom by So t h e Membersrate of inflation. and employers are paid to the Exchequer, which meet the cost of increasing This extra cast is not met by Cantrbutions from scheme members and empovers. Asa result of the nature of the Pension scheme, there are ne Separately identifiable assets end liabilities which car ba identified ay relating to schemeSt Recea's Hospice. Therefore, as permitted by FRS102, the scheme has keen accounted for as a defined benefit The(2023: contributions£160,231), ta the NHS Superannyation Scheme far the period ended 31 March 2025 ware ELT, 298

31 Financial commitments

Contractual commitments for tha 20Quis toa of intangible | tangible fixed asserts Contracted for but nat Provided in the financial Statements amounted to €Nil {2023 - Evil),

75

ST. ROCCO'S HOSPICE (Registered number — 01565543) Notes to the Financial Statements For the period ended 31 March 2025

32 Related Party Transactions

St Rocco’s Promotions:

During the period, St Rocco's Hospice recharged salaries and pension costs amaunting to £77,349 (2023: £98,066 } to St Rocco's Promat ons Limited Also,Promotions £376,638Limited. (2023 - £129,036) was paid to $t Rocco's Hospice under the Gift Aid rules by 51 Recco’s

As at 31 March 2025 £11,663 (2023 - £4,150} was owed from St Rocco's Promotions Limited to St Racce’s Hospice,

St Rocco's Pramotions Limited is a related party by virtue of it being a wholly-owned subsiciary of St Rocco's Hospice,

St Rocco's Shops Limited:

During the period, St Roceo’s Hospice recharged salaries and pension costs amounting to £396,036 (2023 - £278,711) to St Rocco's Shops Limited. Also, rent of ENil (2023: ENil} was charged by St Rocco's Haspice te St Rocco's Shops Limited for the use of property owned by the Hospice, Also, Enil (2023 - Enill was paid to St Rocco's Hospice under the Gift Aid rules by St Racco’s shops Limited. £99,391 (2023 - £75,043) was received by the Hospice in respect of Gift Aid sales and recoverable income tax an gift aided donations through the Gift Aid scheme.

Asat3l March 2025 £115,630 (2023 - £351,145 | was owed by St Recco’s Shops Limited to St Rocco's Hospice,

St Racco’s Shops Limited is a related party by virtue of it being a wholly-owned subsidiary of St Rocco's Hospice.

FG

$T. ROCCQ'S HOSPICE (Registered number — 01565543) Notes to the Financial Statements For the period ended 31 March 2025

33 Financial instruments

The carrying amounts of the €roup financial instruments are as fallows:

31.03.25 31.17.33
Financial assets Note
£		 E
Measured at fair value through net income:
Fixedasset listed investments
Currentasset listed investments		 18
#1		 2,075,182
2,004,414
pe
iefli
4,079,596		 4,338,040
=
eee Eee
4,338,040
Debt instruments measured at amartisad cost:
Tradedebtors
Otherdebtars
Cashatbank and in hand		 20
20		 470,000
56,798
1,610,745		 388,813
59,885
1,344 38]
2,137,544 1,792,979
Financial liabilities
Measured at amortised cost:
Tradecreditors
Othercreditors
Accruedexpenses		 22
22
2?		 204,775
127,915
603,494		 240,755
6,482
469,406
~~
936,184 796,645
34
Analysis of reserves
__
‘Graup
31.03.25 31.12.23
Total
Reserves
Less:		 £
£958,906		 £
9,523,654
Unrestricted FixedAssats
Designated funds
Restrictedfunds
Endowmentfunds		 (2,580,004)
(4,921,794)
(809,753)
(2,345)		 (2,797,501)
{4,665,749}
(874,008)
(2,553)
Freelyavailablereserves a
645,010
1,183,843
SSS

7