Annual Report & Accounts 2023 - 2024 www.overgatehospice.org.uk Registered Charity Number 511619 Contents Welcome from Chair of Ihe Board of Trustees and Chief Executive Our Value in Calderdale Trustees, Strategic Report Our Stralegic Objectives The Future of Hospice Care in Calderdale Impact of our Services.. Inpatient Unit Day Hospice Palient & Family Support Team Education & Training Volunteers 8-11 12-13 14-22 14 15 16 17 17 Raising Funds Overgate Hospice Supporl Ltd Support Services Quality Account Risk Reporl Slalemenl of Trustee Responsibilities structure, Governance and Management Reserves & Investments 18-19 20-21 21 23 24-25 26 28-29 30 Financial Review 31 Financial Accounts 32-57 Thank You 58 Welcome to this year's annual report This year we have continued to deliver our missior) of providing high-quality pallialive and end-of-life care lo Ihe Calderdale communily We are once again delighted lo share wilh you our successes and developments. We have worked tirelessly on the privale phase of our Capital Appeal Campaign and were Ihrilled to launch the public phase. This campaign will enable Overgale to build a new stale-ol-lhe-art hospice for the people of Calderdale. We will increase our inpalienl beds from 12 10 16, allowing us lo be increasingly responsive and lo care for more people. Each palienl will access ensuile locililies, providing bolh palienls and Iheir families wilh increased privocy al a lime when il mallers most. We will also be complelely redesigning our Day Hospice, incorporating feedback from our patients and carers lo create o flexible space Ihal can be used by more people. We will conlinue lo deliver our care into the communily, providing care closer lo home and. in some instances, direclly in people's homes. Our communily hubs. offering Overgale's well-recognised support. care, and odvice lo a wider audience, are now up and running in eoch Calderdale dislricl. Patients ond carers are benefilling greatly from ollending these Hubs 11 is also imporlonl to acknowledge and thank our many supporters. Al a lime when many people are struggling financially. Ihe people of Calderdale and beyond have shown their supporl in numerous woys. We remain ever grateful lo the Calderdale community for their ongoing loyolly and support. By donoling, supporting, ollending, volunteering, ond working with us, you all make a huge ond important difference. We would like lo Ihank each and every one of you. Because you care, we can. Ikoths Execulive Cotherfne Riley Chair ofthe Board of Trustees Employ 217 Our average odmtssion wo time is 24 hours 16 staff BED un I bvil £*.8m Inpalient Unit 12 beds including I respite bed Tolol morEy raised by ourccmmun 3,991 attendances at Day Hospice services *95 Ourv Cc£ld people attended our HUB sessions Over Team of dedicated volunteers 33Y. 11,500 of our patien15 are dischorged L￿p.le and their milies cared foi since we opened Patlent & Famlly SupportTeam knd W(xku5 CAxJrEdlr ctq)hJn Develo strengt en seNces Educating our healthcare colleagues in Ihe communty on end-of-life care £18,000 ()aily c051 >J 17 Caring since £2.2m and a Donatri Centre across Colderdale 1981 Income rais& fromo r shops ott £6.5m Yearly cosl 1sPILF'. 235 lue in dale Potienl admissions lo the Inpalient Unil lasl year Calendar of adivities and events Partnership & engagement Day Hospl Heollh & wellbeing sup rt and six Bs in the community Providing holistic palienl-centred care Trustees, Strategic Report Our Mission Wearean inde[wd￿￿Cha￿IhQlalrnSI0 imtxovelhequa1tyoflrfefor(xluNs in coldWda￿v￿Ih a lrfe-limth'ng illn￿. Our Philosophy of Care Our philosophy of caro is cenlred on the patient. We respect indiwduality and each persons dignity and right to prwacy. We care for Ihewhole person.. their physical. emotional. spiritual. and social needs and goals. Our care include5 SUPPOrtfor Ih8r families and carers through an individuals illness and into bereavemenl. We care lor people during the advarlced stages ol all lile-limitirlg conditions including cancer. hearlfailure. and lung, kidney, and neurological diseases. Our values IEPICCI: We hove a cltyjr selofbehoV￿UrsfhotwQ eywdfrom all olourcolkjgu wlhin Cfvergale, Irr￿tEd￿e01Vvhelher1h￿arean employ ora volunleerorvtherelhwwork. This applies acro￿ all our excellenlclinKal services and our tnonywonderftjl skv)ps. ¢￿beli￿(l￿. Be re5pecrful Be accounlable Be inspirational • Be a leam Be responsible • Be courogeous . Be wsth.ve player • Indusic Our Strategy This year has been pivotal in the ongoing joumey of slabilisalion arld slrenglhening ol our existing services. With a sel oforganisalional values of Excellence, Passon. Inclusion. Comwssion, and Collaboralion. we have made significant strides toward realising our vision for Ihe fulure. Furthermore, this year marked o leadership Iransilion as our CEO, Alison Harwood, retired and lollovAr)g a period of interim leadership, wewelcomÉKI Trocey Wilcocks as our new CEO in November 2023. Traceys oppoinlmenl brings a new chapter lor our organisalion, bringing both experience and insghl as we advance into Ihe nexl phase of our strolegic plon. Progress on Our Five-year Strategy 2023124 was the lirsl year ol our ambitious five-year slrolegy. We are proud lo reFX)rt substantial progre5S acr￿ all key areas. One oflhe central pillars ol our plan has been Ihe expansion and Incr￿Sed acC￿lb11ty ofour Community Hubs across Calderdole. These hubs are inlegrol lo our mission of bringing care closer lo home lorlhose who n￿d rt, ensuring Ihol our services ore os a(c￿Sible as possible lo all members ofour community. In parallel, we have continued lo grow our retail nthork and offer new and innovative ofgenerah'ng income Ihal also add scKial volue lo Calderdole. We hove widened our adiwlies so Ihot they are inclusive, accessble, and attradive lo all members ofour community. We have opened new shops in Sowerby Bridge and conh.nued our commtlmenl lo community engagement in all our shops. This expansion nol only slrenglhens our financial suslairlability, buf also d￿penS our presence wtfhin Ihe community, creating oddthonal louchpoints lor engagemenl and support. Looking ahead to 2024125, our primoryfocus will be Ihe pr(yJression of plansfor our new Ho¥)icelor Calderdale. This stale-ol-lhe-artfocility W￿11 significan￿V enhance our capacityto delwer compassionate care. The new Hospicewill I￿l￿re an Incr￿Sed bed ba￿. with all care being provided in single ensuite rooms. offering palienls the dignity and privacy they deserve. Additionally, the redesigned Doy Hospice VAII caler lo the evobjing needs of our community, providing flexible ond restx)nsive serwces that con meet the demonds of personalised care. We hove worked closely with our design leom throughout the planning proc￿, ensuring Ihol the new locililies aro not onb/ filfor purpose today, bul also adaploble lor the future. Our drive lo be incroosingly carbon neLJlral has been reflec1￿1 in the deggn proc￿5, Vvilh as many sustoinable oph.ons being incorporafed os possible. We are commrtred to creating a stx]celhal truly rellecfs the needs and expedalions oflhe people ol Calderdale. Supporting Strategies To ensurethe successful delivery ofour key objeclives, we have also launched several underpinning slralegies this year. Our vAder Estates Strategy is focused on mainloining o safe, efficient. and welcoming environment across all our siles. Mongside this. our Information Tochnology Slralegy is guiding the Int￿ratIon of digilal opportunities. ensuring Ihal our Hospice remains abreosl wrth technological advancements. In alignment wrth our values of Inclusion and Colloboralion, we have introduced a comprehenswe Equalty. Dwersty. and Inclusion IEDII Slralegy. This slralegy rellecfs our commilmenlto being an organisalion where everyonwlients, slaff, volunteers, and visitorAeels valued, r￿peded, and included. We are dedicaled lo fostering an environment that embroces dwersty in all its forms and ensures equilable access lo our rvices. Furthering our commrtmenl lo clinical excellence, we have also publish￿ a new Clinical Strategy, setting oul our vision for the future of our clinical services. This strol8Jy outlines our ambitions lo innovoto and ensLJres that we conlinueto meetlhe complex ond changing needs of our patients wrth Ihe highest standards of care. Colloborative Portnerships Our SUCC￿ is deeply rcoled in the strength ofour wrtnerships. We have continued lo work closelywrth a vAde range ol portners across the communty, stalulory. and voluntary sectors in Colderdale. These collaborations h(Jve been crucial in dr￿ling improvemenls in both access lo care and the overall experience of our palienls. We remain commtrred to identifying and secunng new funding streams Ihatwill enable us lo sU￿aIn and expand our serwces into the rlext phase ofour slralegic plan. Our Workforce Our workforce, comprising Ofdedical￿1 stoff ond volunteers, romoins our greatest assel. Th￿r unwavering commitment, resilience. and comtxjssion are Ihe dnving force behind everything we achieve. In o compeh.live landscape, allrachng and relaining our colleagues is crth"cal. We recognise this challenge and are currently undertaking a comprehensive r&qew ol our Worktorce Stralegy. This review aims to erlsure Ihatwe offer rlol On￿ a rewarding and SLJPP)rtivework enmronmenl bul also ample opportunities lor professonal gr0￿h and devdopmenl. Looking Ahead Aswe move forward into 2024125, wewill maintain a sharp locus on montforing our progress againsl our key slralegic aims. This will ensure Ihatwe continue lo deliver high-quolty care and make a meaningful conlribution lo Ihewider Calderdale communty We are confidenl that, wilh the continuÉKI support ofour slaff. volunteers, partners, and the communty, we wll achieve our gools and secure a bright fvlure for our organisalion and those we seNe. Conclusion In conclusion, 2023124 has b&n a wr of signifi'cant achievements, underpinned by Ihe [￿illenCe arld dedicalion of our entire organisalion. ￿ we look lo the future, we remain committed lo our mission and values. ensuring Ihal we proiide the highest quality care for those who need il mosl. Tcgeiher. we will continue lo build on the solid foundotion we hove ￿tablIShed, striving for excellence in all Iholwe do. Our Strategic Objectives Caprtal vdopmenl Infra￿￿￿￿re Portnership & Engogemenl Eoualty. DiVer￿ty &lnclLEivty Person-C￿1[ed Core VVo¥kFr￿e Capital Redevelopment Key Achievements: Appointed a Diredor of Eslales and ￿pport krvices with on extensive facilih'es and projed managemenl bockground to lead the Capital Redovelopmenl projed called The Big Build. . Explor￿1 various exlomal opkn'onslo ollowtho ￿on10ft￿ti￿tsdUring Iho bu1￿1ng phase oflhe redAopment. None oflhesewemableand 1hed￿lS10n h05 b*n made lo r8nain on stie duriry Ihe ￿lId. Enabling works compleled to ensure planning permission was discharged. Ensured regular cost Updat￿ including infl(Jhonary rises lo ensurefinancial control ofthe redevelopment. Began Ihe technical design phase ol the redevelopment. Future Hans: • Complete technical design of Ihe Big Build projed Explore ond implement sound mrtigalion tools during the build stage lo ensure patients and families are not imwcled by Ihe noise. Complete lender process lo enlist a main conlrodor for Ihe r￿￿elopment pro1￿1. • Complete ￿rViCe reviews ofdewrtments direclly and indir￿v impacted by the redevelopment. Begin pha* one ol the redevelopment projed which includes taking down g)ringwood House and loying Ihe foundations. • cr￿le ond implement a sile managemenl lo ensure continuity of all services during Ihe build projed. Infrastrvcture Key Achlevements: Began scoping work lo implement Eledronic Palient Records. Developed an Eslales Slralegyfor all sites which encompa￿ the current and fulure fooiprinl oflhe main hospice site. . Developed the fwe-ycor Inlomolion Management and Technology strategy Ihal supp)rts seNce developmenl and digilal Iransformalion. Remewed currenlworking praclices and environmenl for sl(rff and Volun1￿rS and began a shop refurbishmenl projed. Developed a proadive mainlenance plan lo improve Ihe condition oflhe currenl hospice building. Future Plons: Begin implemenlalion of Eledronic Palient R￿ordS and eledronic M￿l(lneS management. Implement schedule ofworks lor 24/25 in the retail premises lo improvethe environmentfor staff. volunteers and customers and increase sales. Review space across the Hospice lo idenlfy under used space and roll out office booking 50fv￿re lo ulilise Ihis space Complete a suslainability review and devdop a green plan for fftrgale demonslraling our commrfmenl lo suslainability and plan for delivery. Scope and plan the implemenlalion of a digttal workforce system. Partnership & Engagement Key Achievements: Increosed presence al ICB by working with the West Yorkshire Hospice Colloboraltve • succ￿$fUl￿ sought optM)rtunilies for Incr￿Sed funding trom the West Yorkshire Integrat￿ Core Boord Conhibuled lo ploc+tMJsed ond regionol m&kn'ngs, lo Incr￿ the profile oflhe Hospice including wotting as tKJrtofColderdole Palliafve ond End-of-Life Core Team ond joining Calderdole ond ￿rki￿ Thing Well Boord Completed an Inlegraled Core BcKJrd planning document rewew. Future Plans: • Toworkwilh our Community Engagement Lead lo creale a Directory ofservices for Calderdale to enable us lo ensure we are reaching the corrLrl organisations. • To workwilh Wesl Yorkshire Hospices Collaboralwe lo secure addilional slalulory grant fiJnding • Create a dirLrlory ol all heallh and social care organisations, including those in the voluntary sL￿or, and identify who can refer lo our seNices and create a plan lo LKlucale and create an understanding ol our value (including social valuel so Ihal Ihey con corrLdy signposlto us. To s&k opportunities lo work in colloboralion vwth other organisalions lo mo>imise reach and effi'ciencies. Financial Sustainability Key Achievements: Delivered an overall surplus of £529,0(X). . Opened Iwo new charity shops. Planned the coptial appeal public phase including the launch planned for April 2024. Implemented Year 3 of the Retail strategy. Explored efficiencies to reducelhe running cosfs of Ihe Hospice lincluding contrad reviewsl. Recewed funding lo purchase Iwo eledric vans lo ensure our retail service5 become more environmerltally friend￿. Future Plans: Recruit a d￿1(ated Lottery Fundraiser lo Increa￿ our lottery membership and income Update ond implemonl Iho scheme ofdelegalion lo improve financial owareness ocross the organi￿ll0n. Launch the public phoso olour capilal appeol, The Big Build Appeal. Develop o financial suslainobility strategy. Implement an e-commerce projed lo increcEe income raised from retail. Work with Hospice UK on the National Legocy Camwign, ensuring addilional publicity is utilised. a05e￿ monitor Big Build Appeol income and any impad on our core fundrai£ing odwilies and income. Equality, Diversty and Inclusivty Key Achievements: InCr￿sed uptake from minority elhnicilies in our In-polienl Unil ond Day Hospice. Positive impod report following inlr(Kiuclion ol a Community Engagemenl Lead12 months ago. EDI slralegy approved. EDI training scoped with a plan in place lo ddiver lo all staff and volunl&rs Future Plans: Working with our Community Engogemenl Lead and exfernol stakeholders, create o diredory oflhe differing marginalised groups Ihol exist within Calderdale and the seNces thal supportlhem. Creale a key performance indicolorlhal measures dwersty ir) ourworkforce and seNce users, aiming for on upward trajectory Undertake a qualilah've re￿rch projecl using focus groups lo gain on underslanding oflhe needs olthe &)uih Asian communities and ulilise this inlormotion in future setmce design. Review our referral tKJIhW￿ lo ensure they encourage occessibility. Develop an internal EDI workj'ng group and explore the option of having Diversity Champions in our worktorce. Roll out Ihe EDI troining across the organisalion. Person-centred Care Key Achievements: cr￿1￿ digital medical notes lo facililole se0m1￿5 referrols lo Ihe medical examiner. Launched our Clinical Slroleg/ in conjundion voih five year Overgote slralegy. Engagement strotegy develotEd and launched. Incr￿S￿ ottendonce al Day Hospice Hubs and odded fvdo more venues. • Adopted Vantage Incident Reporting tool allowing learning from incidents lo improve pradice Future Plans: Adopt an acuity tool for nursing wortoorce. maximising restx)nsiveness ond financiol efficiencies. During the build pho* oflhe copilol redevdopmenl projed, explore ways lo support tmjlients fvrther in Iheir own homes. Work wth local Childrens Hospices to gain insghl and plan setvicesto meetlhe needs ofyoung adulls Iransthoning to adult care. Form a seNce user group to engage wilh our serwce users and wider communty lo better undersland preferences for care. Workforce Key Achievements: Staff member completed th￿r Advanced Clinical Pradth"oner training. Ulilised feedbackfrom the Staff Survey lo workwilh departments lo assess whether leoms havethe skj'lls, capocty and scope lo meet organisahonal need. Refreshed the staff indudion programme and increased the uptake of Fresh Eye5 Reporl and exil interview5. Future Plans: . Creale and devdop a worktorce strategy. Ulilising l*dbackfrom the anrlual Staff Survey, create an adion plan lo implement any improvements. Improve ourworkForce dwersty and see a year or) year improvemerll. . Grow the role oflhe Freedom to Speak Up Team and share other ways that staff can provide l*dkx]ck oulsde oflhe annual staff survey. The Future of Hospice Care in Calderdale For several y&￿r5. the Hospice has recognised the need lo improve our facilities lo ensure we meel Ihe changing needs of our communityfor generations lo come. As the wider heollhcore landscape is evolmng. so loo is hospice core. The growing populolion meons we ore coring for more people with a wider variety of complex. terminal illnesses. Our current Inwlienl Unil on has12 beds with the majorty oflhese being in shared rooms, often reslricling admissions. Bathroom facilities are cramped and limited, impacting the privacy and dignty our palients deserve. 11 is now essential we modernise the Hospices facilities lo ensLJre Ihal we can support more people lo live their final years. monlhs. Wee￿ and days lo the fullest. In order lo do this, we need lo carry OLJt a large-scale redevelopment of the Hospice sile,. building a new purpose-buill16 bed Inp(th"ent Unil, and signrficonfly exponding and upgrading our Day Hospice facilitie5. The cost of Ihis Ironslormalionol projedlo transform lulure care al Overgale Hospice is £12.75 million. Through excellentfinonciol management and the continued generosity ol our communty. the Hospice has b￿n able lo make an ir)veslmer)t of £6.243 million lo lourlch this exciting redevelopment projed. A privole app£￿1 lo begin roising money lo fund this exciting project is ongoing and V￿ launched the oppeol lo the public in April 2024. The completion of the build project and opening of these brond new, stale-ol-lhe-art lacililies is planned lor the Spring of 2026. 11 you would like lo find oul about how you can support this ambitious projed lo Ironslom hospice care for the people ol Colderdale, pleose gel in louch. BIGBUILD APPEAL Ler's bui d a new hospico for C31derd31e, tDgeLher Jve..CoTrwU￿rg￿thed1m￿eQf￿OF￿￿Aentr r. Impact of our Services Inpatient Unit In 2023/24, we continued lo provide excellent palliative care lo tKJlients on our Inwlienl Unrt whilst providing support lo Iheir families In May 2023, we become part ol the Calderdole Framework with the new developed Hospice Support Worker Competency Based Training Programme. This programme has allowed staff on the IPU lo share slills and competencies, so our care is even more integrafed, palienl-centred, effi'cient and safe. We also organised calhelertrainirlg for all staff and have uhlised our owr) Educalior) Team lo provide Iraining lor slaff, including End-of-Life Champion Iraining lor our new nurses. We h(Jve been the lucky recipients ofseveral grants, which have allowed uslo buy an extra cuddle bed. A cuddle bed is a large medical bed Ihol car) accomodate1wo or more people, allowrlg patients and their lov￿ ones lo lie logelher. We have also boughl another falls bed, meaning we now have four. The falls beds have made a reol difference in falls on Ihe Inwlienl Unit, hdping us lo create a soler and more secure environment for polienls. The cuddle beds have olso b￿n very importonl lo lomilies who just want lo be close and comfort each olher. Hoving1wo ofthese b￿lS means Ihal we do not need lo say no lo a family wishing Io use il, whilst anotherfomily is. As o team we work hard lo make lasting Memori￿ for ourfomilies. We were oble lo do this in 2023, when young women stayed on the Inpotienl Unilfor seven weeks thilstlheir mum received end-of-lile care. This meanl that Ihelwo girls were able lo spend every minute they needed wtlh their mum, and in this lime we secured four tickets lo the George Ezra concerl afthe Piece Hall with one ofour staff nurses there for support. This experience meanl Ihewodd lo oll oflhem and we are proud that moments like these are possible thanks lo the amazing team we have. We were also ableto create arlolher special moment afvery short notice when we arrang￿1 the wedding of a palienl within a day and helped him lo marry Ihe love of his life from his own bed on the Inpalienl Untiwilh our Chaplain officialing the ceremony. 66 (hergolest(]ff are coriry, fnerKIWond appr(x]chable, you fed like you motherand the continuous suptK)rtfrom OHgale is outslonding I dont thow how rny lole hLJStxJnd and myseKwould have coped OLJI Chergale. rf isso homely. and l am very grateful for all the suptx)rtyou prO￿lde corlh'nuing or) into be[￿￿￿ent. Thest(Jff werevery yoknioml, caring andsuprorfwelo my knleh(thnd arKJ oll theftJm1￿. Ther(x)m ￿S cl￿n￿l t frierKJfy*aff arKJ kepl n￿e bul notloo dininl. No1hingwas6wlcK) mLth trcuile arKI I wll tEd￿nalty gratefiJl. The staff thalwork in Ihe in- ienl unilare incrdible. During the hor est limeof our lives. mode il wsgblefor us lo spend as much h"mevAth mum as we could. The 'ndne5s d￿n,1g0 unnoticed, we oppreriole you oll. AlgJch a sad arvj emo1ional timein cyjr I￿, allthe sloff weabSC4ute￿fantQstic. rgate is suth a aThJ dethjl tAace, ond Ihecorelhey provKleis exceplK)nal. 14 IIOIIG £18 Day Hospice The past12 monlhs hove seen OLJr Day Hospice services grow and nLJmbers incre(Jse for all our hospice and community-tx]sed sessions. The Overgale Hubs hove o chonge ofvenue in the Upper Volley We MOV￿ from Volley Rwd Medicol Centre. due lo room size. to Hebden Bridge Town Hall. We are txjsed upslairs in the lovely Terrace R(x)m. This has hdped us lo prowde a non-clinical space Ihot is open and welcoming lo all. To increase awareness ofour Hubs, we provide each palienl (Jltending any Day Hospice sessions a leaflet Kqlh inlomation ofth￿r nearesl Hub on. In 2023124, we had 293 Hub (fftendances. compjred 10127 the year beforel Through collalx)rahveworknng with our Communty Engagement Lead and primary care nelworks wlhin Calderdale, we have increased Ihe awareness ol the support we can offerto p￿pIe liwng wth demenh'a. Through this. our referrals hove Increas￿ signilicanlW ond we now have a woiling list for our Time lo Think programme. We olso work closely with Calderdole Dementia Hub lo shore practice and promote our services lo benefil people living wrth a diagnosis ol demenlio. s numbers on our Support and Wdlbeing wailing lisl rose in 2023124, we have increased the numbers K)Qk￿ onlo each cohort, lo ensure any potients who want lo attend the programme are able lo. The programme offers opportLJnityfor txjlients living wrth life limiting Illness￿ to come logelher in a sale spoce and gain support and educ(th"on from Ihe Hospice team. This yeorwe have introduced a new aspecrto the programme where we invite people from wthin the Hospice and the communty lo provide inlereshng arld inleraclive sessions. We have continued with our oim of reaching out lo our community ond bringing our care to Ihem through rgale Outreach and Nurse led Iqsts. These have also irlcreased signilicanlly in 2023124, meorling Ihot we have been able lo support more people in their own homes, who olherwse would nol have b&n able lo access any ol our seNices. We provide vital support with inilial assessments following referral lo Doy Hospice, planning lor the future, sociol support and Iheropeutic touch mossage. 66 l allerKl&lTimeloThinkwth mymum arKI I can h)n•saylhot itwasa worKlerful 6-wkcourse. mum k)ved itand I four￿ it The Br￿)lh ol Fresh Air group helpth my husband lo gel backio a bil ofnormolty. Tr exwcise and a(fvice lortreah.ng br￿hl￿nesS wosvery hdptul for tx)Ih ofus. 15 Patient and Family Support Team In 2023124. our Palienl and Fami￿ Support Team IPFSn have corltinued to provide holistic care and supportlo wlients across all hospice departmenls. Throughoul Ihis year we have b&n able lo provide thr￿ weddings in the Hospice grounds, which is the most we hove ever facilitated in a single wr. The ceremonieswere officiated by our Chaplain ond brought all hospice deportments l(MJelher lo make each occasion as special as posgble. Our Complementary TheropyTeam continues lo care lor more and more patients ond corers and in 2023124 we had an average of100 people on our coseload. We also recruited more volunteers and now h(Jve five, as well as increasing staff hours. lo ensurewe meet demand. All Ihis allows us lo carefor more patients throughoufthe Hospice and in the community, and to continue Sk(￿treatments which are so importantfor wdlbeing. Tre counselling team is currently made up oflhe Psycholherapy & Counsdling Lead and len volunteer therapists, includirlg five qualified counsellors, four trainee counsdlors and one qualrfied child psycholherapisl. Durirlg the period April 2023- March 2024, the counselling leam completed 803 lolal appointments wlh Wlients & families. suppoiting109 individuals. In 2023. we recrutfed a case manager, who hil the ground running in 5UPPOrting palienls to Iwe well for as lorlg as po￿lble, tnainlair) autonomy and ir)depender)ce, and find creative to achieve a persons shes. Worknng lherapeullcal￿ is afthe heart ofwhalwe do, and the team hove supported many patients over the los112 morlths to create lasting legac1￿ for Iheirfamilies and frierlds. One of Iheways we have done this is to support polienls lo make memory LK)xes and have worked Mqlh external agencies lo compose songs about their lives lo I￿ve for th￿r loved ones. Legocywort has long been a part of wlliative care and memory ￿x)X￿ can hold an imwclfor loved ones for years to come. Tlijnkyw to (hwgcrte Hosticeforcr8Jling such o ￿n(￿tAedaY alsuch skKJrt notte, can all nevertFK]nky(xJ en￿gh. MysEl￿go11hed(￿o1F￿dr￿rnswQ1ChIry her￿rg￿S (k]Ught￿g& Marri￿. we neverttKxJghl FX)ssible. yo￿re I￿rama￿ng. ThesvElling is redLKed in my legs and I￿, ond I can move so much bell￿aft h￿Ang this cOmplem￿lary Iheropy done. 66- TrE on&l(MnedwSonaltherapypro￿j￿ byf%kJcmiwas Incr￿1￿ ￿p￿1 for ijth myhustKJnd mo Afterlhe diagrK)sisofA&h8m¥s my huSborKJ'scc￿k1￿Ce￿Js s￿d￿et￿l. TheHOsp￿e prO￿d￿j a ￿[eerMr(￿ment to bwJin hi5acceptance oftris cond[￿n. 16 Education. Training and Engagement The Overgafe Education Team remain commiifed to delwering a programme ofeducalion and training lo all health and social care prof￿10nalS ac[￿ Calderdalewilh the aim lo improve the pallialivelend ol lrfe care thal our communty patients receive. In 2023124, we continued our End-of-lile Care Champions programme, prowding education to our seventh cohort of regislered nurses arld our second cohort ol care home sl(JFt. This has s￿n more care staff and nurs￿ signing up Ihan ever before, helping us lo promole the importance ol end-ol-life care Io p￿IentS across Calderdalewho are facing the end ol life and may not have access lo our services. In 2022, we welcomed1wo new nurses onlo the Educahon Team, which have this yearworked to eslablish Overgates education programme throughout our community and especially in core homes. One huge success lo come from this is Ihal we have now r￿ched almost all care ond residential homes in Calderdole to promote Advance Care Flanning. Another great success is the creation ol mouthcare wcks. which we procured a grant for and promoted lo all care homeswho were educated by us. These h(Jve been taken on by Calderdale and Huddersfield Foundation Trust, who are now going to ensure Ih(Jf all pahents who are at end of life in Colderdale and Huddersfield have access lo these packs. We hove been workn.ng lo digttalise a workbookfor pallialwe and end-of-lrfe care. cr￿1￿1 as a collaboration befvfftn us, The Kirkwood, Locala, ￿rkleeS Council and CHFT. This has already been embrac￿ by11 organisahons across Calderdale and knrklees wth marly staff having already completed it. The digitalisahon of the workbook has allowth il lo be more easi￿ accessed by slaff who care for p￿pIe at end of life. Iherefore giving polienls o better experience al this difficult lime, wherever they spend their final days. Training nursing staff lo verify expeded aduh death is a huge part ol our education programme arld one we chompion throughoul the community, understanding when a person is actively dying can inlom and change the core they are gplen ol Ihol lime. We hove now supported over 300 register￿ staff lo do this Iroining in the hospital and care hom￿ l(x), which will enhance the care oflhe patient. their famity, and corers, with core b￿ng delivered in a timely manner bythe most appropriate person. e training helwl staff understand advanced care plonning beifer, oSV￿ really didn't thow much atx)ul it before handi Howeverwe hove b*n able lo complete on 0dVonc￿ care plan succethlly with Ihe thovAedge from ourlroining TheknlitaI￿ mkes EY]syfor tEY)F4e to urKJthnd. Very inlwlirKJ, makes y(xJ Ihinkatx)ullhings in a drf￿entW(ry. Qjn use1his1￿]mIng in myprachce. Volunteering Overgale Hospice began with the generosty ofvolunteerswilh a vision. ThalvisiorTr is now o realitylhal conlinues lo make a huge differerlce in Ihe lives ol local people. This is only possible Ihrough Ihe support of our incredible neknrkolvolunl&rs loday. Ourvolunl&rs are valued and important members ofTeam Overgale The Hospice is so grateful that almosl 750 people from1he I(￿al communty have regislered lo volunl&rwilh us, gwing Iheirlime. sknlls ond thowledge. 195 new volunteers have join￿1 Team Overgate during 202312024. 80% are 5UPPOrting OHS Relail,19% support Hospice based roles114% oflhose in clinical areasol. 4% help on an ad-hoc basis such as al events. and19% do mulliple rol￿. 17 We continue lo celebrafe1he increasing dwersty amongst ourvolunteer workft)rce and currenfly ouryoungesl volunt&r is14 and our eldest is 92 yeors ofage. The number ofvolunleers under Ihe oge 0118 has increas&J by 57% in the lasl year. We are proud lo be an inclusive and welcoming organisation, volh18 elhnic backgrounds being represent￿ in our Volunt￿rIng roles. We would liketo thank oll ofourvolunteers forlheir conh.nued support and commilmenl. The staff I volunleerwlh are lovew and realty mokeyoLJ feel thalyourconlribution isvery valuableond helpful lolhe hospice. I ￿1)Yw(￿kir￿J wlh pwle, dealingwth CLthrn￿s. heb'ng to crgJtedisFAcyswothing Ihefi'll [￿1￿ Ihat l am (￿n￿tir0 lotrE cthrity. I kK)vegoiwl a serGeofw)rlh a renwth inleresfin meeting thathngwh and workingwth afterhavi￿ tken oul Oftt￿ w(xW(Kefor manywrs. Raising Funds We are very proud Ihal all ofour services are prowded free of charge. However, Ihey ore nolfree of cost. Every year, we need to raise £6.5mlo continue lo carefor our community. The Fundraising and Retail Teams, supported by ourwonderful volunteers, are crucial in ensuring we can continue lo offer vital care lo local people who need it. Fundraising Team 2023124 sow another exciting and rewarding year offundraising. Wewere thrilled lo welcome back many ofour key events, alongside some new and innovotive challenges. In April. we host￿1 a Business Lunch al IheArche5 al Clough, where neady 300 guests were entertained by Ben F(xJle. Alongside enjoying lunch arld nelworkirlg, guests had the unique opporturlty lo fund a hospice nurse for a day, w￿￿ or month in the name ofiheir busin￿. This event not only raised significonl funds bul olso strengthened our relotionship with local businesses. In spring. our Rainbow ol Ribbons evenl returned, askj'ng supporters lo donale and dedicale a ribbon in memory ol a loved one. Thesevibranl ribtonswere placed in Ihe Hospice garden, creating a beautiful RointK)w of Ribbons lo honour those who are missed. In June, our annual Day relurnLKI lo Bradley Hall GO￿ Club, where 27 teams p0rhc1p￿ed in a day of friendly golfing compelition. This event conlinues lo be a popular and enjoyable fundraiser. bringing logelher our supporters lor a day ofsport and camoraderie. July brought the sunshine and our Overgale Colour Run, with over1,200 participants coming out lo be showered in powder￿ painl whilst running the 5km route. Peoplefrom all corners of our community came out lo support the Hospice, making it a Iruly special event. In September. our Midnight Walktook on a new roule. sfarling and finishing af Lightcltfte Academy High School. Near￿ 800 walkers braved Ihewarm evening lemperalures lo complele the roule. manywalking in memory ol lov￿ ones. In November, our Big Pub Quiz saw over 50 local pubs arld clubs join in by hosting quiz nights in support ol the Hospice. This commurlty-drwen evenl not only raised valuable funds bul also broughl peoplet(MJelher in a fvn and engaging way. 18 In December. our Reindeer Run campaign relurrled, with thousands ol childrer) from across Calderdale becoming Reindeer Recruits. The children complelLKI a run within their childcare or education setting. roisng SF()nsorships and collediveW raising £60,0(X) for Ihe Hospice. In January 2024. we held a Sporhng Dinner lealurirlg legendary footballer Kevin Keegan, who caph'valed the audience with lales from his illustrious foolthlling career. The evenl saw o rÉrord amount of money rai￿1 and was a M￿￿orable evening for all attend￿. Our Ho4)ice Heroes came out in force across the year, takn'ng on a variety ofchallerlges. From sky dives and maralhons lo Lxjke so1￿, sponsorLKI silences, ond eveNhing in belween. we are incredibly grateful lo everyone who Cho￿ lo loke on a challenge lo supwrt the Hospice or orgonise their own fundroising ad￿lty Throughout Ihe year, we have also recewLKI Iremendous support from locol businesses. Their sponsorship ofevenls ond compaigns, donations ol produds and services. slaff fundraising acliwlies. and volunleenng efforts have been invaluoble in helping us delwer our vrtal seNices lo our communty. We have Continu￿ lo see incredible support from our Friends ol Overgate groups IhroughoLrt the year, olongside loyol support from the Overgale Hospice Choir. Gronl funding continues lo be an imF()rtonl source of income generation for the Hospice. nol only lo support core running costs, bul lo help us introduce new services ond suptM)rt more potienls. Details ofall Trusts and Foundalions Ihal have supported usthis year can be found on page 58. In 2023124, our legaq income wenl from £870,41710 £1,082,850. We are olways humbled when a supporter remembers the Hospice in their VAII and leoves us a gift lo secure Ihe fvlure ofour specialist SerkIc￿ for many yeors lo come. Legacies are a vital source of incomefor the Hospice. and wefeel very honoured lo recewe these grfts. The Fundraisng Teom, with Ihe support of our dcflicoted community, roised £870,41710 £1,082,850 in tolol in 2023124. We conh'nue lo drive forward our supporter joumey apprcoch lo improve year on year so Ihal our community feds opprecialed lor the love and dedicolion they show Ihgr Hospice. The Fundroising Tgjm, olong vAlh all staff in and out ofthe Hospice, conlinues lo make each inlerodion wilh our donors a poslive, inclusive, and welcoming one, ensuring ￿ch donalion is Ihanked propedy and tkrsonally. Our Fundraising Approach We fundraise ethically and do nol carry oultelephone asks, cold calling, or door-to-door fundraising. When we wrile lo people, we conlacfthose who have supported the Hospice pr￿lOUSlY and who we believe want lo hear oLx)ul Ihe Hospices key developments and future fundraising. We a￿v$ give an opwrtunity for r￿lpients lo opl oul offuture conladfrom us and lollowlhe lalesl Generol Data Prot￿tion (￿IdelineS. Ill¥lli Overgate Hospice Support Ltd IOHSI {￿erg￿le Hospice Support Ltd IOHSI is our relail trading subsidiary and includes all our charity shops as well as the Hospice Lottery. The Hospice chority shops have continued lo exce￿1 their largels. Amid Ihe ongoing cost of liwng crisis arld fi'rlancial uncertainty. we have wdcomed a growing number of new and dwerse customers lo our shops. Asfooffoll alweekends in local towns grows, we currently have 4 shops Ihattrade seven days a week as well as our Donalion Cenlre. Flans are in place lo increase this number. In 202312024, we opened our fifteenth and sMleenth charty shops. returning lo Ihe tx)pular marketlown ofsowerby Bridge. These Iwo shops include ourlhird kn"INe Stars children's shop and a r4ular charty shop. Both are proving lo Fx)pular with l(Kal cuslomers. 20 Our Donation Centre conh'nues lo grow wlh over 50,000 bags of pre-loved don(Jh"ons b￿ng donat￿1 by our generous local community ir12023124. Our Donation Centre has pOSth"ve￿ influenced the sales of grfl-aided items across the shops, resulting in an increase in gift-aided item sales from 29%10 33%. Throughout Ihe year, we have continued lo implement our OHS Strategy, workn.ng towards our four priorities.. l. Maximise knle of Goods 2. Implement Efficiencies 3. Increase Lottery Income 4. Develop New Enterprises The fi'v&yeur slralegic plan for OHS set an ambih'ous g￿1 lo increase income from our currenl trading acliiqties, bul lo also where F()ssible generale new income channds, whilst identifying and remewng efficiency savings. Throughout Iheyeor, we have been exploring ways lo do this, which included increasing the sales ofour new goods and ensuring the shops are energy efficient with LED lighting and recycling os many items Ihal we have been unable lo sell. We have continued lo enhance our online presence, and moving into 2024125. we are launching a large-scale E-commerce projed lo further exwnd our online adivilies and reach. The Hospice Lottery continues lo promde much needed regular incomewhich allows us lo plan fulure rvices In 2023124 the Hospice Lottery rais￿ o significonl £174,644. In 2024125 wewill beworknng lo increase Ihefunds raised from the lottery by rebranding and recruthng a d￿lIcated Lottery Fundraiser. The income generaled from our charity shops and lottery is crucial. Thanks lo Ihe loyol supwrt ofour customers and community, OHS achieved a signrficanl profil ond contributed a subslanlial £771,00010 the Hospice's charitable works in 2023124. OHS could nol operale withoul Ihe dedication and pa￿lon shown by our Retail Team. including our incredible ormy ol volunl*rs. Their commitment, olong with the suptM)rt ofour loyol customers meon Ihal we continue lo raise tanlostic levels ol income lo ensure the Hospice's vital serwces can continue into the fulure. We would likelo Ihankyou customers old and new for their support during 2023124. Support Services We could not run the Hospice wlhout our support services, staff and volunteers worknng behind the scen￿, who, os if by magic, make surethalthings are in the righl place atlhe righltime. These include.. Finance- making sure every penny is accounted for and spenlwise Human resources- recruiting the bes1 st(Jff, and supporting ongoing trainirlg and development Catering- providing pahents wlh hotne-Cook￿ meals Housek&ping- k&ping our Hospice sparkjing clean and sate Administration- supporhng all of our16x]ms to work efficienfly ond eff￿hVelV Quality and Audit- assessing our standards and continually promoting itnprovemenl in our care Estates- ensuring our fac11th￿ are well-maintained lo oplimise efficiency ol senqces and qualty ofcare Marketing & Communications- ensuring the incredible work oflhe Hospice is shared wilh our supporters and ￿￿der communty Quality Account The oim oflhe Qualty Accounl is not only lo look ot service developments and improvements in our care, butlo review and proiide ewdence on the ochievemenls we have made overlhe previous year. As a Hospice, we are committed to erlsuring our service5 m￿1 the needs of our palienls and their families and Ihat we are responsive lo the changing needs oflhe Calderdale Communty. 2023-24 2022-23 2021-22 2021>21 2019-20 Admissions 269 233 258 244 275 Meon length of stoy Idoysj 11.2 12.8 10.6 11.6 12.0 % polients dischorged 33% 32% 34% 33% 34% % of patienls wih diognosis ol concer vs non-concer diognosis 69% vs 31% 71% vs 29% 76% vs 24% 81% vs 19% 77% vs 23% Day Hospice 2023-24 2022-23 | 2021-22 | 2020-21 | 2019-20 1 4486 3035 2120 1409 3875 Total attendances al all serwces Brealh of Fresh Air (htendances 131 119 NIA 331 % of wlienls wlh cancer vs non-cancer diagnosis 51% vs 49% 60% vs 40% 72% vs 28% 50% vs 50% 71% vs 29% 2023-24 2022-23 2021-22 2020-21 2019-20 Number of falls 39 32 44 37 48 Number of falls 13 16 13 14 I￿r1￿0￿c￿￿dbQddty1 Number of new pressure ulcers Infedions Inone of which were ocquired ot the Hospicel 18 15 leguarding ￿ert5 lo Colderdole Council DOLS Aulhorisations Medicine Incidents Iper1￿0[￿DjFrdtrAd￿ 19 18 10 Concerns 1FLyn￿lc0rn￿lll IFL¥modQrybint 1 FoirMIComrAr* Risk Report The key stralegic risks dur¥￿ 2023124 As part ol our commitmenl lo providing good quality ond effective core for patients, supporting our staff and volunteers and providing a safe environment for everyone. we have robust risk management systems and processes in place to identify, miligale and manage risks. We recognise Ihol iys not possible lo eliminole all risl but our aim is to minimise il wherever possible. We do this through a pyramid approach, where risks are managed within departments and escalated as necessary using a risk decision matrix. The risk registers are regularly reviewed ond updoled at Board, Sub-committee and Senior Leadership Team meetings. Risk Risk Mitigotion Not meeting pqlient and frynll ie< nee&. The ouldoled inpatient focililies hold the polential to impod the quality of care delivered by nol being able lo always meet pahenl requesl of individual rooms. A new slate of the art hospice is planned which will increase our bed base 1016 and care ￿11 be provided in single rooms wilh ensuite lacililies. Recnjilment and retention of sloff and voluntee If we are nol able lo recrutl (Jnd retain slaff and volunleers in a compelitwe market it places the Hospice al risk of serwces being limited. Overgale is committed lo its workforce and values the conlribLrtions ol staft and volunteers. Annual surveys s&k f￿dback Irom both groups. Aclion plans are in place lo ensure results are aded on and workforce know Ihey have been listened lo. A review of renumeration and employee benefits will toke place in 2024. nancial sUslaind)ilty. A significant increase in Ihe annual running costs inclLJding a predicted increase in expenditure when the redevelopment opens places the hospice al risk of being financially sustainable. A 5-year slrotegy and underpinning finonciol plan has been produced. Part of this includes an Income Generation Strategy that facililales new business development opportunities and enterprises lo be explored. These risks are manged al on operational levd and escalated as they arise. (￿ergOte holds an owareness of, and is impaded by, geopolitical events such as changes lo GDPR legislation, economy and luel costs. 24 Risk Risk Miligolion rr InfraslnKlure. The recruilmenl of an Informah'on Managemenl and Technology specialisl role to review all services, ond develop ond implement an slralegy. Cybersecurty is managed by ensuring sofiware applications are up to date and staff Iraining alerts all staff lo be alert and aware of polenliol threats. The current IT infrastrudure requires review lo ensure that digital opportunities can be explored and maximised and that Overgale is secure from Ihreats of cyber crime. Overgule Hospice Support LTD. Risk Risk Mitigation Chal*ing retal environment. Declining high slreels and the cost of liwng crisis creole a challenging reloil environment. Slrenglhened the retail footprint and infraslrudure lo ensure sustainability of currenl income levels and aim lo deliver an increase in income. New online retail opportunilies have been devdoped. Statement of Trustee Responsibilities Thetruslees Iwho are also diredors of Overgate Hospicefor the purpos￿ ofcompjny lawl are responsible for prewring the Trustees, Report and the financial stalements in accordancewilh opplicable low and unit￿ knngdom Accounting Slandords including FRS102. The Finoncial Reporting Slondard applicable in the UK and Republic of Ireland Iuniled Kingdom General￿ Accepted Accounh"ng Prodicel. Company low requires Ihe Trus1￿ lo prepare financial slalements for each financial yearwhich give a true and fair view oflhe slate ofoffoirs ollhe charitable compony and Ihe group, and ol the incoming resources ond opplicolion of resources, including income ond expenditure, of the charitable group for that period. In preparing those financial stalemenls, the trust￿ are required lo.. • SdLrl suitable accounting policies and then app￿ them Consislent￿. Observethe methods and principles in the Charthe5 SORP,. Make judgements and eslimales that are reosonable and prudent,. Slate whether applicable UK Accounting Standards have been followed, subj*to any material departures disclosed and explained in Ihefinancial slalements,. Prepare the financial statements on the going concern Ixjsis unless il is inappropriate lo pr￿ume thallhe chanlable comtx]nywill conh.nue in business. TheTruS1￿ are responsiblefor keeping adequale accounting records Ihal disclose wilh reasonable accurocy ol any lime the financiol position ol the chariloble comwny ond enable them lo ensure that the finonciol slolemenls complywilh the ComtKJnies Ad 2(X)6. They ore olso restM)nsible for safeguarding the assets oflhe chariloble company and the group. and hence for laknng reasonable steps for the prevenh.on and deledion offraud and other irregularth"es. ) far as Ihe Iruslee5 are aware.. There Is no relevant audil information ofwhich the charitable companys auditors are unaware ol.. The trus1￿ have token all the steps Ihot they oughtto have token lo make Ihemsdves aware ofany relevant audtt informah.on and lo establish that auditors are aware oflhal inlorm(th"on. Approved by the Board olTruS1￿ on 261h November 2024 and signed on its behalf by Vidorio Atkinson- Trustee & Treosurer Structure, Governance and Management Overgale Hospice is a charitable comtx]ny limtied by guarant* and a register￿1 charty in England and Wales. Ilwas estoblished with Ihe Chorilies Commission under a Memorandum ofAssocialion, which lays out the objecls ond powers oflhe charity ond is govern￿ by ils Articles olAssociation. Our govemarlce arrangements are regular￿ reviewed to ensure they reflect current legislalior), best prachce and support the slrategic ombthons for the Hospice in the future. The chority is govemed by a B(xJrd ofTrusleeswho are responsibleforsetting the slral4ic direch.on of Overgale, montforing Ihe performance oflhe Hospice lo ensurelhe chanlable funds are used appropnafdy. The Arhcles 0f￿sOciall0n allow for no lewerlhar) five and up lo fifteen Trustees, who are also Diredors under company law. Each Trustee's term ofoffice is threeyears, and they are eligible for reappointment for up lo a further Iwo terms oflhree years. The TrUSr￿ do rlol recewe arly benefit from Ihe charity, and all are required to complele an annual declaration of inleresls. gifts and hospitality. The Trustees who hove served during Ihe y￿r are set out on poge 32. The Board ol Trusl*s meet al least six limes a yearto review performance in linewth1he slralegy and annual plan, review financial and non-finoncial management informalion and lo approve key dLrisions and business cases as they ari*. In addrtion lo Ihe Board meekn'ngs. Ihe Board ofTruslees have a minimum of BcKJrd Slrolegy ond t)evdopmenl days per yeor. The Board is supported by six committees. who consider different aspects oflhe business oflhe Hospice in detail and make recommendalions to the Board ofTruslees where appropriate. The committees are.. - ￿nan￿ and Incfthe which meets a minimum ol six times a yeor - ainKd which meels o minimum offour11m￿ a y￿r - Human Resources which meets a minimum offour limes a year - Irthashuclure IE511ts and11) which meets a minimum ol four limes a year - GovemarKe which meets a minimum oflour limes a year . Red￿lfoCUS1ng on Ihe vcfK)s￿ ncw buildlwhKh medsa minimum olbjrfi'mesa y￿r The Board ol Trust￿ and each ol its committees have lems ol reference which sel oul th￿r roles and r￿ponsIbIlities. The Trustees are all volunleers. They h(we a range ofskn"Ils. experience and backgrounds. When we idenlify a skills gop or a need lor successior) planrling. we adopt an open recruitrnerlt pr(￿￿S, highlighting Ihe krn￿edge and sknllswe are looking for. Each newTrusl& has a lomal induction progrommeto familiorise them with oll aspects ol the Hospices governonce. stroloJy, and operalions. In addition, Trust￿ are r￿uIr￿ lo complete relevant online mondotory Iroining ond there ore formal annuol review m￿lIng$ with the Chair or Vice-chair. Truslees are also encouraged Io SLJPPOrt (Imgales inlemal and exlernal adpiilies lo enable them to meet staff, volunteers, service users and Ih8r families informally. Ensuring thal there is o lair and Iransparenl wy slrudure in place is key lo b￿ng able lo attrod, relain and support our staff. The last rewew ofthe tKJy structure including our opproach lo agregng tmjy awords and our pay principl￿ was reviewed and updated in January 2023. The Humon Resources committ& reviews a number ofspecilied external ladors annual￿, including benchmarking from other hospices ond generol economic trends, lo determine an oppropriole oll(Kation of ftjnding required lor p(Jy reviews. The Finance and Income committee considers this levd offvnding when drofting Ihe annual budget. with Ihe Board olTruslees hawng the final decision on any increased... ..remuneralion expondilLJre. The Human Resources committee is r￿ponSIble lor overs￿1ng the methodology lor owarding poy increases. in linewilh the agreed pnnciples. The Board olTruslees delegates the operational monagement ol Overgale Hospice and Overgale Hospice Supportlo Ihe Chief Executive and Ihe Senior Leadership Team. A ￿heme ol Delegation clarifies Ihe resporlsibililies reserved forlheir Board and those delegafed to Board committees and the Senior Lcodership Team. Chief Executive Medical Diredor Dir￿10[ ol Clinical Services A A l. Bwum¢)nt Director of Finance Direcler of Eslales and ￿ppOrtser￿ces Dir￿lOr of Income C£nerah'on Consideration of public benefit is a keyfador in Board decisions. (hergale Hospice provides dired benefit lo l(Kal patierlts arld Iheirfamilies enabling them to access specialist pallialwe care. We also provide education and Iraining about high-qualty end of life care professionals working acr￿ Calderdale, thereby helping potienls ond their families indiredy. In addih'on. we provide employment and volunl&ring Opportuniti￿ thal offer individual and vAder social benefil lo the Calderdale commLJnity The Board is aware olthe Charity Commission's guidance in rdah.on lo Public Benefit. This report Indicotes how our adivilies h(Jve delivered public tkneltr in 2023/24. The Trust￿ have taken oll necessary sleps lo make sure they are oware of any rdevonl audit informotion and to establish that the auditors are aware oflhal inlormah"on. As far as Ihe Trustees are aware, there is no relevant audti inform(Jhon ofwhich the charity's auditors are un(]ware. Reserves & Investments The Hospice uses CCLA lo manage ils inveslmer)Is via ethical funds. The balanced objeclive is lo provide both income and long-lerm growth, wlh provisions lo allow Overgale lo effeclively manage its coshflow. Our investment portfolio ended Ihe financial year wilh a valuation of £1.14m and includes an unreal- ised gain on revalualion in the year of £102k12023 . £20kl. The lotol return on investments including dividends ond inleresl was £423k12023 .. £162kl. The risk-based model ir)Iroduced last year was deemed prudent agair) by the Trustees for calculating the level of general reserves required lo fulfil our objedive. The oim conlinues lo be lo delermine Ihe amount ol reseNes required lo minimise risk and safeguard the long-lerm future ol the Hospice for the benefit olthe patients and Iheir families, and lo then ensLJre Ihol any surplus reserves are designated for the slralegic priorities ol the chority. Reslricled funds, endowment funds, and general funds held as fixed a55e15 are excluded from the surplus reserves calculation. The calculation includes estimates for cessation cosls1£0.7ml, an amount lo protect against any future shortfall in legacies1£0.2ml. an opportunity reserve for future income developmenl1£0.25ml and an amount a5 an adversity reserve to protecf against future dips in income or rising cosls1£0.94ml. Al the 31st March 2024, Ihis equates lo a total general reserve of £2.09m12023 .. £1.97ml. Having reviewed our 5-year strategic and financial plan, the Trustees recognise Ihal Ihe nexl few years will be financially challenging os we endeavour to achieve and maintain a model ol financial susloinability that reflects income generalion al a level sufficier)I lo cover ir)creasing costs. We also have development plans including the new build projed and supporting work. To this end, we have creoled new designoled funds lor repurposing the sile and invesling in our resources. The services, facilities ond the quality of care offered by our stunning new hospice will require a highly skilled and committed workForce and a suitable infrastrurtLJre. As Ihe Big Build Appeal project progresses. expenditure has started lo be incurred ond the corried forward balance on the designated Capital Redevelopment fLJnd is £4.9m. Financial Review Al the start of 2023-24. Ihere was sh"Il a residual imtx]rtfrom the pandemic, but we Maintain￿ our ambth.ous targets and, thanks to Ihe continued and exlraordinary generosty ofthe people ofcalderdale, we have er)ded the yearwilh a fi'rloncial surplus. Income During 2023-24 our income was £8.30m compared with £6.88m for the prewous year. Through Ihe generosity ol local people, we received £2.04m in legacies arld donalions cotnpared wlh £1.79m for the previous year. There was an increose of £212k in legacy income which lolalled £1.08m for the year. Our donations totall￿ £0.95m, an inCr￿Se of£36k We olso raised £577k from fundroising events which was slightly highcy thon loslyeor 01 £535k. Overgcrte Hospice ￿pport Lld, our Irading am which runs our Overgale shops, generaled shop income of£2.02m compared lo £172m in the previous year Our lottery continued lo moke an importonl contribution lo our income and generated £175K which wos the some os the previous Y￿r. We general￿ inveslment income and inleresl of£423k12023 . £162kl which is a significanl increase on the premous year and is as a result of increa￿1 interest rales. We also receiv￿ grants lolalling £1.69m 12023 . £1.05ml. A breakdown ollhe grants reC￿Ved is shown in nolo 3 oflhe accounts and confirms Ihol l(X)% is ringFenced for reslrided purposes. We Continu￿ lo re(￿ve a significant contribution of£l.12m trom the Coldcfdale ainicol Commissioning Group ICCCGI towards our running costs12023 . £1.07ml. This equates 1013% 01 our overall lolal income. Our remaining income came from areas such as catering, VAT refunds and other miscdlaneous sources. Expenditure Overall expendilurelor Overgote and its trading subsidiary wos £6.54m compored vAlh £5.92m in 2022-23. Our expenditure on providing chartfable adivilies was £3.74m an increase of £27k compar to £3.47m ir12022-23. Expenditure on raising funds was £2.8m compared to £2.4m in 2022-23. Our fundraising expendtlure consists Main￿ oflhe costs ol runnirlg our relail shops and other trading adwity £1.75m12023 .. £1.51ml and raising ol donations and legac1￿ £1.044k12023. £929k). Overall Position An overall surplus of£l.86m12023 . £0.87ml wos achieved for Ihefinancial ycor. The unreslrided income surplus lololled £529k12023 . £388￿ which included a nel gain on investments of £102k ond the restricted income surplus totall￿￿ £426k This leaves Ihe hospice in a very good financial poslion moving into 2024-25 and M￿rns Ihal we are well placed lo be ableto be able lo continue lo provide excellent care and support for the people of Calderdale. 31 OVERGATE HOSPICE la comwny limited by guarantee) LEGAL AND AOMINISTRATIVE DETAILS Status RoJislered Charity Number 511619 Company NUMb￿lS1O52] Bankers Lloyds Bank plc Commerciol Str￿t Halifax HXI IBB Registered Office Overgafe Hospice 30 Hullen Edge Road. Elland, Weslyotkshire, HX5 (KJY Virgin Money (Formerly Yorknhire Ban 12 Bradford Road Cleckhealon Wesl Yorkshire BD19 3Ri Patrons K F Marshall OJ Hirsl C R W(x)(knrd Flagstone Group Ltd aorecille Houso 26-27 Oxendon Street London SWIY 4EL Directors V Alkinson ITr6x]surerl A Cawdror) N Chapman [R￿rgn￿ 251hSepleYnbw20231 IGL Chornock IRe5unerl 91h March 20241 J Crowlher J Driscoll C S Dur)ne H Marshall S Nagpaul itspwxnted I WembEY 20231 V L PickJ&% C Riley Smscott Suka V Webber {Ap[K)int￿ l ￿pI￿nb￿2O231 Avditors Wahor Oawson & &)n Pennine Business Park Longk)ow Close. Bradley Huddersfield HD2 IGQ Investment Brokers CCLA Investment Managemenl Lld One Angel Lane London EC4R 3AB Chief Executive Officer Trocey Wilcoc OVERGATE HOSPICE la compony limited by guoronlee INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF OVERGATE HOSPICE We hove oudiled Ihelinancial slalementsolovergole Hospice forlhe yeor wded 31 Morch 2024which compriselhe Consolidoled Slalemenl ol Finonciol Acliiqlies lincluding Incomeand ExpendilureAccounl. Iheconsdidaled and Porenl Company Bolance Sheets. the Consol￿01ed Cash Flow Slalemenl and the noleslothelinonciol statements on pages 4010 55. including a summary olsgnificanlacc(KJnling policies. Thelinancial reporting fvameworklhat has been appli￿ in Iheir preparakn.on isapplicable law and United kn"ngdom Accour)h"ng Slar)dards, including FRS102.. The Financial Rewth"ng Slundurd opplictsble in the UKand Republic ol Ireland Kingdom CenerallyAccep1￿ Accounh"ng Piadicel. In our opinion. Ihe financial ￿￿ementS.. givea true and lair VEW olthe slaleofihegroups and porenl comwws affairs as of 31 March 2024 and ollhe groups incomeand expendilureforlhey]rthen ended.. h(]ve bw) properly prepared in aciordar)ce United ￿fjngdOm GeneraltyAccepled Acccxjnting Pradice. h(]ve bw) pre￿r￿ in accordoncewith the r￿Uirements ollhe CompaniesArt 2006. Basis for opinion We conduded ouraudil in accordancewilh Inlern(Jlion(Jl standards on Auditing IUK11SAs IUK)l and applicable law Our r￿pOnSI￿1￿1es underlhose standards orefvrther descri￿ in Ihe Audrfors reswnsbilitieslorlhe audit olthe financial slalements sedion of our report. We are indeper)denl ollhe Charity in accordancewith ethical rEyuirEYnenlslhal are rdevantlo ouraudiloflhe financial slulemcfits In the UK Including the FRCS Elhical Slundurd tsnd we havèlulfilled our olher elhicol responsibilities in accordoncewilh these r￿vIremen1S. We bdieve Ihol theauditevid￿Cewe hove obtained is sufficiwlond oppropri(Jle lo prowde o bosis l(y ouropinion. Conclv5ions relating to going concern In oudiling Ihelinonciol slalemenls. we hove concluded Ihol Ihetruslw" useolihegoing concem basisoloccounling in the preparation olthe financ￿1 lotem￿ts is appropriate Ba￿ on Ihework we hove performed. we have nol identified any moleriol uncertainti* reloling lo events orcondilions Ihol. individuolty or colledivety. maycosl signiliconl doubion thechor￿Y'S abilitylo continue as o going concern lora period olai I￿st ￿e1ve months from when Ihefinancial slalemenls are authorIs￿ lor issue Our reswn%billti￿ and the responsibilities olthe direclorswilh resFedto going concern ore described in the relevonl sections ollhis repork. Other information Thelruslees are reswnsble lorthe other inlormolion. The Olher inlormolion comprises the inlormolion included in Ihe annual report ott)er thon financial ￿thements and our audtiors reportihereon. Our opinion on thefinancial st￿eMentS does not cover the Oth￿ informolion and. excepllolheextenl olhephiseexplicitty St(rt￿ in our re￿rt, wedo nolexpress anylorrn olassurance conclusion IherEX)n. In cOnn￿10n y￿th ouraudil ollhe financial statements, our ￿￿nSibil￿Y islo read Iheother information and, in doing so, considervthetherlhe olher inforrnalion is materially Ir)consislenl y￿th Ihefinancial slotemenls, orour knO￿￿edge oblain in Iheaudilor olherwise appeurs lo be m(Jleilal￿ tnisslated. Wwe idenbfysuch mtsleriol incongslencies or opwMI mater￿1 misslolements. weare required lo delerminewhelher there isa moleriol misstolemenl in the linonool slal8nenls or o material miss1olem￿l olihe other inlormolion. W. bosed on Ihe workwe havè perform￿. weconclLde th￿there is o Mater￿1 misslalemenl ollhis other inlormahon. we are required io report on th￿10￿. We hove nothing lo report in this regord. Opinions on other matters prestribed by trie Companles Att 2006 In our opinion. bosed on Ihe work undertaken in the course olihe oudrt.. Ihe inlormalion gwen in the trust￿, report lincorporaling the slrolegic report ond Ihedireclor¥ reportl forlhe financial rlorwhich the fi'nancial ￿thements are prepared is consislenlwith thelinonciol stalemenls.. and Iruslees. reFK)rtlincorporating the Strat￿lC rewrt and the dIr￿lorS, re￿rtI have been prewred in accordance wilh op￿Icable legal requirements. OVERGATE HOSPICE la comwny limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF OVERGATE HOSPICE Icontinuedl Mattèrs on whlch wè a￿ reqUI￿d to report by exception In the light olihe knowledge ond underslonding olihe Charity and its wvirwmwtobloined in Ihe course ofihe oudil. we have not id￿tir1ed malerial misslalemenls in the Trust￿, Annuol ReFX)rtlincluding Strateg￿ reportl We have nothing lo report in respeclof Ihelollowing matters in relation lo which the compani￿ Ad 2006 requires us lo rewrtloyou rf, in our opir)ion". adequole occounling records have notb￿n kept or returns adequatefor ouraudil have nol been r￿e1Ved from branches n0lwisrf￿ by us, or, Ihelinancial ￿atements are not in agre￿nent wth the accounlirw record5 and relums." or certain disclosur￿ oflruslees. remuner(hion Specifi￿ by laware nol made," or we have not reCeN￿ all the ir)lormotion and explanations we require forouraudil. Responsibility of the trustees As VAplained more fully in thetrust￿, Responsibilities Stat￿nent sel out on page 26. thelrusleesare resw)nsble lorthe preparation ollhefinaniial slatements and lor being Satisfi￿ tholtheygivea true and lairview, and forsuch internal control aslhey deterrnine Is nefessarylo enable the preparakn.on ollinancial Statementslhalarefr￿frOM malerial misslotemenl, vvhether dueto fraud orerror. In prepari[￿ Ihelinancial statements, Ihelrusteesare resFX)n9b￿ forassessing Ihe Charivsabiltylo conh"nueasa going concem, disclosing, os applicable, motters rdoted lo going concern and using Ihegoing concem basisol accounling unlesslhe Iruslees ￿ther inlend lo liquidole the [￿arity0r lo cease operolions. or hove no r￿lIstIC allernolive b￿lOd0S0 Our responsibllitles lor the audlt of the Ilnonclol slotements Our objedr4es ore lo obtoin reasonoble ossuronce about whelher Ihelinonciol slolemenls as o whole orefreefrom m(Jleriol misslalemenl. whether due lo fr(Jud or error. (Jnd lo issuean auditor's report th￿ includes our opinion Reosonableassurance is a high level olassuronce but is not a guaranleethal an oudti cOndUd￿ in accordoncewilh ISA'S lu￿ will aKVa￿ deled o maleriol misstalemenlwhen it exists. Misstatements can arisefrom fraud or errorand ore consdered mater￿1 rf, indiwduallyor in a￿[egate, Ihey could r￿SOnablY be exP￿ed lo Influence the econw)ic d&isons ol usets luken on the ￿￿$1S ollhese financial slalements. Irregularth"es, in(1￿l￿g fraud, are Instances olnon-c￿nplIancewth l(Jws and rgJulat￿ns. We design procexlures in line with our reswnsbilib"es, outlined obove. to delecl moleriol misslatemenls in rest*clof irregularities. including fraud. The extent lo thich our procedures ore COpa￿e oldelecting irregulorilies. including Iravd is detailed k*low'. Our approach lo identifying and assessing Ihe risk ol malerial misstalEYnenl in respeclof irregU￿ritieS. Including fraud and non-complitsncewilh laws and regulolions, wos os follovss.. IheengQgeM￿)l wjrtner ensured th(rtlheengageme￿It￿M C￿l￿1V￿Y hod Ihe appropriate comtEtence, cawbilth.es and skJ.1￿tO ldenh.fy or re((￿nIse non-compliancewth applicable l(]Ws and regulah"ons." we Idenlifieyl Ihe l(Jws and rgJulat￿nS Op￿1(￿ble10 the comwnylhrough diKUS5￿ns￿1h direclorsand olher management, and form CMJr commercial knoWI￿ge and experience ollhe s*or," wefocussed on specific lows ond regulalions which considered moy hoveo dired mater￿1 effed on Ihe financial statements or the operolions olihecompony. including the CornFxJnies Ad 2￿6. lo%ation I￿ls1()llon. dal(J proledion. anli-bribEYy. employment. environmental and heolth ond safety legis1￿lon.' weassessed Ihe exkenlofcompliancewith the bwsand regulations Identifi￿ abovelhrough makn.ng enqUIri￿ of management and inspeding legal cOrres￿ndenCe", and idenlrfied Icws und rwJulalionsvvere communictsl￿ within Iheaudilleom regulurlyand Iheleom remuined al lo instonces ol nw-complionce Ihroughwtthe oudil. OVERGATE HOSPICE lo company limited by guaranleel INDEPENDENT AUDITORS. REPORT TO THE MEM8ER5 OF OVERGATE HOSPICE Icontinuedl Our responsibilities for thè oudit of thè finoncial stotemenls Icontinuedl We (Jssessed the susceptibility olthe comwnvs fi'nancial ￿thements to malerial misslolement. including obtaining an understanding of howfraud mighloccur. by". makn.ng enquiries of managernenl as towherelhey consideyed therewas a susceplibiltylofraud, their knowledge oladual, suspeclE¥J and alleged fraud, and considering the intemal controls in ploce lo miligote risks olfraud ond non-compliance volh lows ond regulotions. To addresslhe riskoffraud Ihrough managEYnenl bias and overrideof controls, we. performed onotyh.col procedu￿ to idenirfy ony unusuol or Une￿eded relath"onships". lesled journol enlriesto idwlify unusuol Ironsadions. ossessed whether judgeM￿ts and ossumplions made in determining the accounting eshmales set oul in note 2 ond vhere indicativeof potent￿1 bias. and Investigat￿ the rationale behind significanlor unusual Iransadions. In response lolhe riskol irregulorthesand non-complioncewlh laws and regulations, we designed procedures h included. bulwere not limited to.. ￿gr￿ing fi'nancial ￿￿eMentdISclC1SureSto Underlyi￿ supporting doCum￿l0110n.' reoding the minutes olmeetir)gs olthose charged with govemance". enquirir)g ol managemeY)laslo adual and poler)tial lilig(hion and claims, and reviewing correspondence with HMRQ rdevanl regulators including Ihe Heomh and Safèty EXeCutD￿, and the comwnys legol odvisors. There are inherenl limilations in ouraudil pro(￿UreS described above. The more remo￿ Ihose la￿ and [￿JUlat￿n$ are from financial Iransadions, the less liw rtls Ihatwewould bEKomeaware of non-compliance. Auditing standards also limit Iheaudil p￿￿vre5 required lo identify non-compliancewilh lavts and regulolions lo enquiry olthe directors ond other monagemenl ond the inspedicffi ol regubioryond legal correspondence. rf any. Malerial misslalernentslhalariseduelofruud can be horderlo delecllhan those that arisefrom error aslhey may invoTr4e deliterale conceolment orcollusion. AfurtherdeKriplion of our [￿pOnsIbl1￿1eSforlheaudl1oftheII￿Q￿ClQl statements is l(Kated or) the Financial Rewrh"ng Council's websrfe ol.. www.frc.org.vklavditorsreponsibilities. This descriph.on forms Fyjrt olour audilorfs report. Users of our report This rewrt is madesoletylo the Chardvs members. as o bcKly. in accordancewlh Chapter 3 01 Port16 oflhe Comwnies Acl 2￿6. Our oudrfworkhas been ur)dertoken so Ihal we might ￿ate lolhe charity's members those malterswe are rwUlr￿ lo slatelolhem in an audilorfs report and for no other purpose. Tolhe fullest ex1￿1 pennitted by law. we do notaccepl or assume responsibility lo anyone olherlhan the chority's mEJnbers as a body forour oudrfwork. forthis report. or lor the opinions we hoveformed. fv~6L John Richard Hall Isenior Statutory Audilorl For and on behalf of Walter Oawson & Son Chortered Accounlonls ond StolLrtory Audrtor First Floor Unit12. Pennine Bugness Porl Longbowclose. Brodl*. Huddersfidd. HD2 IC 26 SEPtember 2024 OVERGATE HOSPICE la company limited by guaranleel CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES lincorporoling o consolidoled income and expenditure occounl and Yolemenl ol lolol recognised goins ond lossesl FOR THE YEAR ENDED 31 MARCH 2024 1nc0mefromd(￿thr￿ and14aaes' 953,791 953,791 917.652 LegcKEs Gronts 1.082,850 1,082,850 870.417 1,690.787 1.690,787 1,048.405 2.036.641 1.690.787 3.727.428 2.836.474 Ir(c￿*fr(Mr Otkwtrading Retailing Lottery 2.017,743 2.017,743 1,720.605 174,644 174,644 175.174 Fundraising edents 577,(Y20 577,020 534.532 2769.407 2.769.407 2.430.311 IMestrr￿l IrK(xne 423,034 423,034 161.670 5229,082 1690,787 4919W 5.428.455 Inc(Thfrom charitable 1,377,772 1,377,772 1,450.104 787 4297h4I Coslolraisingfunds. Eyndllureon raig cbnahonsand 1.039,423 4.947 1.044.370 929.313 Eyndrfureon 01h￿tr￿1 1.734,513 18,804 1.753.317 1.511.194 1rWestrr￿1man(￿￿ne 4,585 4.585 3.215 I778￿27 OVERGATE HOSPICE la compony limited by guaranleel CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES lincorporoting o consolidoled income ond expèndilure occounl ond slalernenl ol lolal recognised goins ond losses) FOR THE YEAR ENDED 31 MARCH 2024 Icontinuedl Ewdilureon charilatAe odMh￿'. Inpknlcare 3.117,359 304,497 3.421,856 3.175,670 Daycore 241,753 35,Y23 271,676 254.254 fomi 32.817 32.817 32,781 sutvort 9,908 9,908 3A)L837 3.741257 3.4n745 426A96 W46 l751112 TaxchorgefortrEwr IWgoins/Uossesl( 12 15 102.184 102,184 195.207 524680 7.326.616 1855296 867A85 Transfers BebNea Funds 18 Recorrilicthon oltunds 528.680 1.326.616 1,855,296 867.885 Total ￿ndS txoughtlorword 9,134,305 1785,903 85,(KK) 12.005.208 11.137,323 1&21 9h61985 4111519 Therewere no r￿ognISed goins or losse5 Oth￿than those shown above and Iherewere no acqui%lions ordisconh'nued oper(hions in eilherlhis orihe preceding year. Under the provisons ol Section 408. ComponiesAd 2W6 0 separole slolement offinanc￿l octpiities lorlhe porenl comwny olone is not required. Therewere no movements on Endowm￿1 Funds during Iheyearlherefore no seporate stolLrtory summory incomeand expenditure occouni hos been prepargj The notes on page$ 40 tts 55 form wrt olthesefinancial slulements. OVERGATE HOSPICE lo company limited by guaranleel CONSOLIDATED AND PARENT COMPANY BALANCE SHEETS AS AT 31 MARCH 2024 Charfty Tangible lrwethn￿ properly Irwethne 13 14 15 1.518,703 703,610 1,142,241 1,456.975 703,610 1,040,057 1,433.954 703,610 1,142,242 1.424,332 703,610 1,040,058 3A24S54 1200.642 3279.806 3.168mO tknknrs Cash ofkK]nkand in thnd 16 820,057 10,074,123 I,(NJl,317 8,265,596 1,070,112 9,894,402 1,164,739 8,071867 IOA94.I80 9,264913 .964AM 9.237.606 cr￿￿(￿5. amountsfalli duethin onewr 17 1458.2301 1462,347 1383,8161 14(Kl.3981 10.435.950 8,804.566 ).580.698 8.837208 Defer[￿￿TaK(h( Restr(tgJ PwnOnenten(kW￿ 18 19 4.112.519 85.(XX) 2.785.903 4.112.519 85.(KK) 2.785.903 85.(XX) 4,197.519 1870,903 4197,519 1870.903 20-21 C*wolfunds ￿ndS Revoluothon r￿ 2.391,675 7.149,444 121.866 2,341.049 6,773.574 19.682 2,391,675 7,149.444 121.866 2.341,049 6,Tr3,574 19.682 9.661985 9.134,305 9.661985 9.134J05 22 Crynp(#ry Reg￿trU￿￿ 1510521 Approv￿ by the Iruslees m 26th Nov8nk*r 2024 ond signed cn Ihtsyr beholl by.. The noleson pages 4010 55 form wrt olihese financial St¢￿eMentS. OVERGATE HOSPICE lo company limited by guaranleel CONSOLIDATED CASH FLOW STATEMENT AS AT 31 MARCH 2024 2024 2023 Nel incomiry resourc loi the rbeforeinveslment l753.n2 963,092 InvestwEnl1r￿e 1423.0341 1161,6701 InVest￿nIma￿g8￿g chorges paid Depr￿l(l￿n cthrge olrtondwxN]l olfwl assd Taxchorge DeU￿1ncr￿ indeblors 3.795 155.375 116,890 188] 12501 I￿260 440.875 46.137 I,660A08 1,408.869 Interestr￿er Dmd￿S rec￿￿￿ 39l284 3l750 130,855 30,815 423,034 161.670 PayNEnlslo acquirelangible l assets (277. 026,115 PayrYEntslo acquire rEw irweshEnltunds PawiEntsto acquire inveslmenl Pr(K&éson disFK)sol oftangible 250 1,444,674 All 2023 Incwse In balances 8265596 le￿527 6,820,922 1,444,674 A131 2024 10,074.123 8.265.596 39 OVERGATE HOSPICE la company limited by guarantee) NOTES TO THE ACCOUNTS l. Accounting Policies The principal occounliro policies odopled. judgements ond key swrces oleshmolion uncertainty in the prewrolion olthe financial slatemenls are as follows. The financial slulements hcwe been prewred in uccordancewilh Accounh"ng and Reporting by Chtsrib"es.. Statement ol Recommwded Pradice opplicoblelo chOriti￿ preporing occounts in accordoncewilh the Finonciol Reporting Standard applicaNe in Ihe UK ond Republic ol Irdond IFRS1021-IChoriliesSORPIFRS10211. the Finonciol Reporting Slondord appliCa￿e in the UK and Republic ol Irdand IFRS1021 and the ComFxJniesAd 2(X)6 The hospice meelsthedelinilion ol o public entity under ￿702 ￿se¢S and liobililies ore iniliolty recogniz￿ ol hi#oricol cost ortransoclion volue unless otherwiseSt￿￿ in the relevant accounting wliq notes frjl Legal sttrt￿ ofthethryity The charity is ts company limited by guoranlee ond hos no shure ctspitul. In the evenlollhe ttbarity teing wound up, Ihe liabilty in r￿pect olihe guorantee is limited lo £1 per member 01lhe charity. Al 31 March 2023 Iherewere12 members 12022..131. 1¢ Ging concem The trustees considerlhallhere are no material vncertainkn.es about fftrgate HospicesakJ"ltylo conh"nueas a g(ing concem. The most signrficant tsieas oludjuslmenland W ossurnpl￿ns1hQl￿ffeCl rfèms in Iheaccounls ure to do with eshmaling legocies rec8vable in Ihese occounls. Wilh regard Ihe lollowng yeor. the most sgnificonl oreos ol uncertaintyof the charityareihe levd ol donation incomewhich needslo be raised eoch ond everywr and is in moredetoil in the p￿[OrManCe and riskseclions ollhelrustees, annual report. The financial slalements consolidute the resuhs ollhe chority und its wtholty owned Subs"d￿ryo￿gQle HoSpiCe￿pp0rt Ltd on a line-by-line bosis. Asewrote 51alemenl ol Finonciol Achviti* and Income and ExpwdilureAccounl forlhe charity hos not presented becouseihe charity hos token odvantageoliheex8npt￿n offorded by wtion 408 olihe Companies Acl 2006. lei FvrKI actourthng Unrestricled lunds ore uvailuble lo spend on adi￿711e$ Ihulfurther any ollhe purptsses ollhe chority. Deswnalexl lunds are unrestrided fvnds oflhecharitywhich the trust￿ haVed￿ldEKI altheirdiscretion lo sel aS￿et0 use lor u specrfic purpose. The uim and purposeoleuch designated lund is seloul in the nolesto Ihelintsncitsl slalements. Restrided fvnds aredonationswhere Ihe donor has specified they should only be usexl lor wrticulararexjs oflhe ho5￿ce'S work. The coslof raigng und udministering such lunds ore charged ugainsllhe specific fund. The oim and use oleoch moleriol designoled ond reslrided fund is sel out in the not* to Ihelinonciol slalements. Inveslmwt income. gains and losses are Olloc￿ed to Iheapproprialèfund. Endowrnenl funds arisewhen Ihedonor hos eXpr￿￿Y prOV￿ed thatlhe gth isto be invesled ond On￿lhe income olihe fund may be spent. 40 OVERGATE HOSPICE la company limited by guarantee) NOTES TO THE ACCOUNTS IrKur Income is recognised when thècharity hos entiilementto Ihelunds. ony pdlormonce conditions attached lo Ihe ilemlsl ol income hove been mel. ti is probable1h￿￿)e incomewll be r￿e1Ved and the amount can be M￿SUr￿ reliably. Where income has rd01￿ expenditure las with fundraising orcontrad incomel, the income and rebled expendi￿re are reported gross in thestateme￿l{)f Financial Adivih"es. Donah"ons, grants and gifts are recognisexl when reCe￿￿ble. In the ever)Ilhal donah.on issubjeclto fiJ￿IllIng performtsnce conditions before the chtsiity is entitled lo Ihe fijnds, the incomÈ1s deferred and not rec(onised until il is prothblelhol those condith.ons will be￿IllI18d in Ihe reporting period. Incomefrorn Gift Aid lax reclairns is re(￿niSed lor onydonolions with relevonl c￿ft￿id certilicoles recognised in income lorlhe year. Any amounts OfGrftr￿d not receisEd byihe year end are accounted for in incomeand accrued income in debtors Incomèfrom NHS conlrods. government ond other gronls. whèiher'capilal, gionls or'revenuè, grants. orè r￿ognIsed when the charity has enhlemenl lothe funds. any performance conditions (hloched ioihegronls have been mel. il is pr0￿ble￿atthe incomewill be receisEd and Ihe amounlcan be measured rdioblyand is not deferr￿. For legacie5. entit￿ment islaken on a case by c(Jse basis as the e(Jrlieroflhedale on which. the charity is aworelhal prol￿tte hos been granted, Iheeslate has been lino11s￿ ond r)olilicalion has been made bylhe e￿ul0￿5] lolhecharitylhota dislribution will be made, orwhey) a distribuh.on is reyeived from the eslale. Receiplof a lega￿, in whole or in wrt, Is onlycongdered probublevvhen the tsmounlcun be meusured rdiublyand Ihecharity has been notified ol Iheexecul￿s intention to moke a dislribulion. Ilihe legacy is in the form olon asset other thon cash or on ossei listed on a recognised stockexchonge. re(￿nIti.0n is subjedlo Ihevalue olthe ossel being ablelo be reliobly M￿sUr￿l and lilelotheassel has paswl to the chority. Where legacies have been notifi￿1 to the charity orthe charthi is areoflhe granling of probole, and Ihe criteria for income recognikn.on hove nol been met. Ihen Ihe legacy is a treoled as a conlir)gent asset and discbsed Il malerial. Income r￿e1Ved in a(fvancefora fulurefvndroising evenlorfor a grant received rdating lolhelollowng year are deferr unh"I Ihe cnleria for income recognikn.on are met. Inlereslon depositfunds hdd is included on an accruals bosis provid￿ Ihalthe amounlcan be measured reliably by the charty. Dwidends are recogniwl upon notification byour investrnenl a(kn"sor ollhe dihidend wdd oflhe Irwestmenl portNio. onsor5hip from events, lundraisng and events registration lees are recogniwl in incomewhen Ihe evenllakes place. Lotw income is ucccyJnled lor in respecl ollhose drawslhal haveluken pknce in the yeur. Trading income is recognised on point olsolefor don01￿ and purchosed goods. 19) Donated goods (￿d SeP&ices Dor)aled SerWC￿ or focilrties are reC(Njni￿ wh￿1 the charity hasconlrol overlhe ilem. any conditions 05s0c￿ted wtih Ihe donated rtem h(we been mel, the r￿elp10f economic benefilfrom Ihe use oflhe item i% probable and that EKonom benefit cun be measured rdiaLIy. l Expwdbtin a￿1 irrecowoble VAT Expenditure is recognised oncethere is a *al orconstruclive obligalion lo make o paymenllo a third FKJrty. it is probable lholsett1em￿1WlII be required and the amount ollhe obligalion can be m￿sUr￿ reliabty. All expenditure isaccounled for on an accruals basis. Expenditure on chariloble ad1viti￿ Includ￿ Ihe costs ol providing Sp￿la1151 wlliolive care and suP￿rt undertaken lo fvrlherlhe purposes ollhe chartyand Ihgr associat￿ sUp￿rt costs. pport costs compriselhose coslswhich are Incurr￿ dir￿ty in sUP￿rtOf expendilure fft the objeds olthe charity and include governance cost. finance, and office costs. Cnvernancecosts arelhose costs incurrexl In connech.on Ihe cornplioncewth consh"lulionul and st(Jlulory requirements ollhe churty. lrrectsvera￿eVATIs chtsrg￿ as a cost ugainsllhe aclivity lor which the expendilurewos incurred. 41 OVERGATE HOSPICE la company limited by guarantee) NOTES TO THE ACCOUNTS pport costs areallocaled lo each ollhe adivitieslo best albcolelhecoslslo ￿(h altribulable h￿ding. Moredettjil on Iheanalysis ond ￿$1$ of allocab.on is given in note 9 to Ihelinonciol slalements. Thevalue olthe services provid￿ byvolunleers is not inc0￿rated into Ihesefinancial stalemenls. Furtherdetails ollher conln"bution i% provid￿ in 1heTruSte￿ report. Depreciolion is pr￿￿ded lo write off the cost or revolu￿ omounl. kss on estirnaled regduol volue. ofall liyed ossels wenly over 1heirexpecl￿ economic useful liv￿ on a slraighi line basis asf011￿.' Fre&￿Id prop 2% per onnurn Leasehold improvements overlerm ol I￿se Equipment IO% and 20% per annum Molorvehicl 25% perannum The ne￿1 lor any impairmenlof o osselvKite-dovm is Consider￿ ifthere is concem owlhe carrying value olan cjsseland is assessed by comparing Iholcarrying value againstlhevalue in use or r￿lISabieVaIue ollhe assetmthen uppropriale Inveslmenls are a form ol financial instrument and are inttiolly recognised al Ih8r transachon valueand subsequently measured atlheirfairvalue os atlhe balancesheel d￿e usng the closing quot￿ market price. exceplfor the shares in Ihe trading subsidiarywhich are Carri￿ alcost. The Slolernent ol Financial Adivrfies includeslhe net gains und losw arisi￿ on revaluah.on and disposalslhroughoul Iheyear. All goir)s and losses are laken lo Ihestalemenl olFinonciol Aclivlkn"￿ aslhey arise. RE￿lIsEX1 gains and losses or) investments are calculated aslhedifference kEIWeE￿ sales pfocEE¥ls and Ihqr opening carrying valueor their purchuse value ilocquired subsequent lo Ihe fir￿daY olihe financial wr. Unreolised gains ond losses orecalculoled os the difference behveen the loir volue atlhe yeor end and their corrying volue. Reolised ond unrwlised inveslmwtgoins ond l(Issesare comEM'ned in the Slolemenlol Financial Aclmlies. The moin fonn ollinonciol risk loced bylhe chorty isthol olvolotilty in equity morkels ond investment morketsduetowider economic conditions. Ihe attl￿de ol irweslorslo investm￿1 riskand changes in senlimentconceming equilEs and within particulor sedors cKsub sedors. Oi Sk¥ck Donaled items olslockfor rasoleor distribut￿n ore not induded in Ihe financial slolements until th* ore SO￿ ordislributed because Ihe Trustees consider il impradical lo be ableto ossess the omounl ol donoled stocks os there are no sylems in placewhich record these ￿emS until tr)ey (Jre sold stoc￿ ol bought in reloil goodslor resale are not included os Ihereare no peypetual stockrecords and undertaking a ￿0CkI0ke would incur unduecostfor the charitywhich faroufvv￿gh Ihe benefits. fynl Oebhrs Trade and other debtors ore recogni$￿ otlhe setN8nenl omountdue. Prepayments ore volued ol Iheamounl prepjid. Accrued incomeand lax recoverable is included best eslim(Jle olthe (Jmounts rec8vaNe aithe b(Jlance shed date Shortterrn deposts are shortlerm highly liquid Investmentswilh u maturtyoflhree monlhs or morefrom Ihe dalè tsl acquisilion or opening olihe deposit or similar account. OVERGATE HOSPICE la comwny limited by guaranleel NOTES TO THE ACCOUNTS lo> Cash otbwk¢TrJ in h(*KI Cash ai thnk (Jnd cash in hand includescash ond short term h￿hlY Iwuid investM￿ts ￿nth a shortmalurityolihree months or less from Ihedale ol acquisilion or opening olthe deposl or similar account. Crtdito Credrfors ure reC(NJnls￿ wherelhe chanfy hus o presenlobligolion resuhing from a past eventlhal vrill probobly resuh in Ihelransler ollundsto o Ihird porti ond Ihe omountduelo semlelhe obligotion con be meosured or *limoled reliobly. Cr￿lI10rS (Jre normolty recognised al Ih8r settlemenlamouni ofter olbwing lor any trade discounts due. l(¥ Finanaal nslwmu Thecharity has financial assets and financial liabilikn.es of a kj.nd Ihalqualify as basic financial instruments. Basic finonciol Inslrumenls ore inib.ully recognised ol Ironsadion value ond subsequenty rneagjred ullheir settlementvalue V￿th Iheexception ol bankloans which ore wbwuenlty me0Sur￿ al omortised cosl using Ihe effective interest melhod. Employees who join Overgate HospKewho arecurrentlyconlribuh.ng lo an NHS pension schemeand who areeligible to remoin in Iheir scheme os perlheir offer letter, ore enh.tled lo remain members olihal schemewhich provid* benefrts ba￿ on finol pensicmble wy. The NHS Pengon Sch8ne is on unfund￿. defin￿ benefit schemelhol Cove￿ NF employ¢¥s. Gen￿￿1 Proclicesand olher bodies. allowed under Ihedireclion olSecrel(Jry olslole. in England and w()￿5. As o consequence il is not possiblelo idenlfy the Hospicesshore olthe underlying scherne liabililEs. Therefore. the scheme is Occount￿ lor 05 a defined conth"bLrtion sCh￿ne and Ihe cosloflheKheme is ￿Val lo the conln"butions wyoLlelo the scheyne forlhe accounting period. Employers. pension costs conlribukn.ons are charged lo cyeroling expenses 05 and when they become due. Empbyer conln"bution rats are rewewed evEryft)uryearslollowing a schemevalvah.on Carri￿ oul bythe Government Aduary. On udiqcefrom Iheaduory the contribulion mtsy be vtsri￿ from limeto Iimelo refiecl chonges in Ihe scheme's liubililies. The lasl voluolion on which conlribulion rol* were bas￿[37 fvlorch 20161wos published on15 Februory 2019 ond noted o noh'onol deficiency of £19 4bn17 0% ol notion(Jl ￿nd valuat￿nI. The recomM￿hda11On olthe GovernmenlAduary was that employconlribution rateswovld be Incr￿Sed lo 20.6% 01 penS￿nable wy fvom l April 2019. The nextrfull actuarial valuah.on lo be forfvnding purwses will be os ot 31 March 2020which is ex@ed to be Complet￿ in Aulumn 2023. The charity hos receyved confirmah.on Ihal for 2022-23 the addih.onol NHS P£￿slon coslsmqll conlinuelo beapplEd lo the penson lund centrally by NHS Englond. They hcwe commitled that Iheaddrfionol funding ￿￿11 recurannually vnlil 31s1 Morch 2024 bul the wyment orrong8nents lor these subsequentyea￿ isyel lo be ogreed. Olher employees ole entitled lo loin a defined conlribvh"on'money purchase. scherne. The costs ofihedelined contribut￿n schwne ore included with the ossocialed sloff costs ond ollocoted Iherefore lo roising funds. chariloble adr4ilEs. support (Jnd govemance costs and charged to the unrestrided funds olthe charity The money purchase plan is mancoed by Rtsyul London and the plan invests lheconlribuh.ons made bylhe employee and emplow in on in￿lmen1 fund lo build up over Ihelerm olihe plon. The pension fund is then converted into o pension upon Ihe 8mploy￿'S normal reh'rement (Jge which is defined as when they are digiblelor o slate pension. The expenses olthe plan are d￿uded from the inveslmenlfund annually. Thecharity has no liabilty kwond makj'ng tiscontribthions ond paying across the dedudions lorlhe employees conln"butions. Operoling leos* ore recognised overthe peri￿ olwhich the kase lolls due. Any bwefit rtsyeivoble os on incentivelo son on operating lease is rec(￿nISed on a straight line basis overthe period olihe lease. OVERGATE HOSPICE la comwny limited by guaranleel NOTES TO THE ACCOUNTS Investme￿1 property is shown al ils rnosl recent valuolion. Any Oggr￿O1e surplusor deficit orisiro from changes in fair value is recognised in the stolemwtolfinonciol adiiilies. The company is Consider￿ lo passlhe tests set out in Paragraph I 6 ollhe FinanceAd 2010 and therefore it meetslhe definih.on ola charrfable companyfor UK corporation lax purFX)ses. kcordingly, the compony is polenh"alb/ exemptfrom laxath.on in respecl olincome orcapilal gains recewed wilhin cotegories covered by Chupler 3 Part11 olihe Corwroliw ToxAd 2010 or Sediw 256 olihe Toxotion olchorgeoble Goins Acl1992. to the exlenl Ihol such income or g(Jins areapplEd exclusivdy lo ch(Jrit(Jble purposes 2. Donotions 2024 2023 Generol In memoriom Event p(JrhciwnlsFX)nsorship Corwralesupport Colleding Box Fri£Y￿S groups including choir ISLE anatys.sl EmergerKyappeols 485.340 M3.047 134.906 136,698 29.691 24.109 427.951 180,606 103,265 140.340 25.245 40.245 953.791 917.652 Gift Includ￿ in abovelolal donations 249.238 IA.754 Friwds Groups Overgale Choir 13.484 10.625 25,390 14,855 24,109 40.245 3. Grnnts roceivgd 2024 2023 Unrestrided fvnds". General purpose grants 23,000 Restricted funds.. Caprfal Appgjl for Redevelopment End olLrfe Educth"on Estates Capex Eslales Expenditure Staff Educolion Community Hub Propd Medical Equipment other l386.936 98.868 2l848 5.152 775.295 97.478 32.508 79,770 120 2.990 6.715 30.529 18.157 41396 117.430 I690.787 1,025,405 I690.787 1.048,405 OVERGATE HOSPICE la company limited by guaranleel NOTES TO THE ACCOUNTS 2024 2023 4. Retailing Incomefrom soleolgoods R•cling credits Insurance cloims 1.904An 113,171 1.627,578 91,728 1.299 1017.743 50.205 996,667 1,537 275.274 25.440 28,784 1.720.605 45.447 826.642 4.890 242.146 26.161 22.825 75.014 Direcl cost olsales stafFcosts other slafFand Volun1￿[CoStS Propertycosts rvblor running Till and ￿ costs othercosts Tolal ewrfrfure Nel prolilllossl orising from retoil oclivities Gift Aid recoveroNe Grant inccAne op e￿1 income other Income 1,377,907 1.243.125 639.836 146.941 477.480 109.496 20,237 37,482 18.360 52.448 T)lol netltK<47*0rlslThJ thrtyjth actl 844.496 657.784 Numberofshops 16 14 All shop income in tN)Ih the current ond prewtsus yeur reknles to unresln.cl￿￿ lunds. 5. Lottery 2024 2023 Incomefrom lottery soles Pn"ze mon 174.644 ¢51000) ¢20.999) I￿645 175.174 IS3,￿0} 119,8481 102,326 55 other lottery co￿5 Net profrtarising Irun lottery Donah"ons through lottery 101645 102.381 OVERGATE HOSPICE la company limited by guaranleel NOTES TO THE ACCOUNTS 2024 2023 6. Investment income InccAne from list￿1 investments 31,750 391,284 423,034 30,815 130,855 Bonk inleresl 161.670 7. Income from charitable activities G)vemmwt fvnding £ other Funding 2024 2023 HosFicefunding Conleen 1.115.036 l115,036 41,637 80.199 140,900 1.071.120 41.637 35.374 VAT Refund Scheme 80,199 82.925 Sundry Incorne 140,900 260,685 1.195.235 182.537 1,377,772 1,450,104 8. Anolysis of resource expended 2024 2023 Inob 9) £ Coslofgen￿Q1Ing voluntary income Fundraising trading costs Investmenl monog8renl costs 891,162 1,136,161 153.208 1,044.370 I753A17 929,313 1,511,194 617,156 4,585 4￿85 3,215 1031,908 770.364 1802,272 2.443.722 Inpalienlcare tknycore Bereovemenland familysuptx)rt 2,760,973 660.883 3,421.856 3,175,670 235.038 42.638 277.676 254.254 25.711 7.106 31817 32.781 3.02l722 7KI.627 3.731349 3.462.705 9.908 9,040 5.053,630 I490.899 6,544￿29 5,915,467 OVERGATE HOSPICE la company limited by guaranleel NOTES TO THE ACCOUNTS Esloblishmenl Monagemenl Othercosts lighl & heol £ ondtt£ 2024 2023 9. Anolysis ol support costs Coslof generaling voluntary income 59.980 25.483 67.745 153,208 150.295 Fundraising IradI￿.. Cosls ol gocds sold ond other costs 345.730 28,784 242.642 617.156 551.166 Costof wralirwj furK15 405.710 54.267 310.387 770.364 701.461 292,837 124,419 293.371 710,627 704.772 9.908 9,040 698.547 178,686 613.666 1.490.899 I415,273 10. Wages ond Salaries 2024 2023 Wagesand sobries Empbyers national insuronce Pension cosls 4.119538 3,682,243 336.180 305.824 249.080 225.678 Empbyeecosts 4.704,798 4,213,745 Olher.. m￿lCOl Consullanl 143,784 4.848.582 163,999 4.377.744 The average monthty h￿d count ol p(ryroll ern￿0V￿ lexcluding lemwraryemployed in Ihewr was17212023.. 1561. As 0131 Ivlarch 2024, Iheyewere 2212023. 281 bank sl(Jtt being uh"lised. The number olemployees whose remuneration exc￿￿ £60.0(X) lexcluding ernpl r pension contributions and employer¥ national Insurancel and fell into the bond betvveen £70,CN)O and £79,999 uring Iheyearwas112023. 11. Empbyer pension cosl payments in Ihe yeor in resw ol ￿0vee$ eorning obove 260.0(M) wos £11.13612023. £11.9811. The trustees received no remuneration orolherlinancial benelilforlheir services during theyear12023.. £nill. Insurance cover is prowded through o trustee indemnity in￿rOn(e policy. The Hospiceconsder thatlhe key group manageme￿1 FErsonnel compriselhe trustees and Ihe dir• Eynployi m8nbersolihe senior monogemenl leom comprising Ihechiel Execuliveond 312023.. 31 other employees. lolal ross remuneration olthose remuneraled members olthe seniormanagernenl team was £296.95212023 £283.742I andl lolal of employer pension conln"butions wid was £29,93712023.. £29,226I. The lolal cost ollhoseempbyed members 01 Ihe senior manogemwtteom wastherelore £362.70212023.. 2349.1481 Afurther member ol Ihesenioi monogement I￿rn is the M￿lca1 Consuhanland the costs ChOrg￿ lolhe HospiceforlheseThices provided are shovm a￿Ve. 47 OVERGATE HOSPICE la company Iimiled by guaranleel NOTES TO THE ACCOUNTS 10. Wages and Solories Icontinuedl Funchonol onatys's oflheaverage numbers of employees ollhe grtsup". 2024 Adl￿1 2024 Ful thme 2023 Adual 2023 Full lime number uivalenl DirEKt chantable Ser￿1(eS 15 13 78 54 Fundraising 81 64 51 Govunance 75 58 Administratwe services 13 156 Retail staff included in fvndrais 49 37 40 32 11. Net incoming resources Nel incoming resources before investmenlgains/llossesl is stated (JftEYcharging. 2024 2023 Depr￿lah"on 155.375 116,890 Auditors wunerolion.. - For audit services 9,040 - For olher service5 OpEYah"ng lease renta￿- rettJil properh" 206.639 179,728 12. Tgxotion The company is o register￿ chority ond as such is exemptfrom loxotion on its incorne ond goins falling within sedion 505 olihe TaxesAd1988 or￿tiOn 252 oltheTaxalion of Chargeable Gains Ad19921o the ex[￿l￿at ils income ond gains areapplied for charitable purwses. The proftts ollhelradin accounting trealment o 9Jb%'dia assets in I ore donated lo the Hospice in full. Taxah'on hos arisen due lo difference5 in the lax and e subsidiary onty. Analysis olioxcharge Thelax charge on Ihe proffl ollhe groupforlheyEYJrwas as follows". 2024 2023 Current lox.. UKcorporation lax Dekned lax At 31 M(Yth 2024 OVERGATE HOSPICE lo comwny limited by guarantee) NOTES TO THE ACCOUNTS 13. Tangible fixed assets ol Grujp Totd Al l April 2023 2,706,169 21,263 889,980 23,750 3,641,162 Additions 33.486 138.921 107.509 279.916 DisposaLs 19.WOI 19,0001 At31 VK•rh 2 1706.169 54,749 1,028.901 121259 3,911078 Al l April 2023 1,488,345 21,263 664,845 9,734 2,184,187 Ch(Jrgelorthewr 50.562 2.126 76.456 26.231 155.375 DisposoL% 16,181 At31 Mtych 2024 I538,907 23R89 741.301 29.778 1333,375 Net bookvd 31 Math 2024 1,167,262 31360 287,600 91481 1.578.703 31 March 2023 1.217.824 225.135 14.016 1.456.975 Totd b) Chaiity Al l April 2023 2,706,169 851.471 3,557,640 Additions 129.447 129.447 DisposoLs At31 2U24 1706.169 980.918 3.687.087 Al l April 2023 1,488,345 644,963 2,133,308 Chorgelor Iheyeor 50.562 69,263 119.825 Disposa At31 M¢xth 2024 I538.907 714.226 2.253.133 Net book vd 31 Math 2024 1,167.262 266,61Y2 1.433.954 31 March 2023 1,217,824 206.508 1,424,332 49 OVERGATE HOSPICE la compony limited by guaranleel NOTES TO THE ACCOUNTS 14. Investment property Chaiity Al l ￿ri1 2023 Additions 703,610 703,610 703.610 703.610 31 P4lorth 2024 703.610 703.610 31 March 2023 703,610 703.610 wJl￿11On at31 Muth 2024 703,610 703,610 The investrnenl properly islhe next door properlywhich has been purchased for the sole purwse of usng the sile lor ILrture redevelopment olihe Hospice. to updolelheexish.ng inpath"E￿I servicesand lo continue lo pr￿ndeSe￿N(￿ into the 21st century. 15. InvoStm&nts Chaiity Investment h￿dV￿th CCtA Al I ￿ri1 2023 New lundsadded 1.040.057 1.040.057 Wiihdrawol olfunds Net gainslllossl on disposals Investment managemEY)Icharges ￿ld At31 March 2024 102.184 102.184 I141241 1.141241 bl Anotysis olinveslments 2024 2023 Managed listed investmE￿ts and Outhoris￿ unil Irusls Cash held as part ollhe investm￿1 wrlfolits Tolal Group Investment in subgdiary I c￿lty 1,142,241 1,040,057 1.142.241 1.040.057 1.142.242 1.040.058 Investments in ￿Ulh.￿ and r￿ed inter& serurilie5 are all trad￿ in quoted public markets, pnmarilylhe London Stock Exchange and are carried atfairvaluewhich is equivalenllo markelvalue usng bid price. Historical cosloflhe investmentsexcluding cash and subsidiary is £1,020,37412023.. £1,020.3741. 50 OVERGATE HOSPICE lo comwny limited by guarantee) NOTES TO THE ACCOUNTS 15. Investments Icontinuedl Inveslmenl risks are miligaled by reloining expert odwisors and on investrnenl policy th￿ provideslor a high degree ol diversilic(hion olholdings ￿h1n asse1class￿ thth are quot￿ fft rec(unIS￿ *otk exchanges. No Use is mode ol derivalDies tsnd similar complexlinoncitsl insliuments as Iheview is taken Ihot investments ore held lor longer term iidd and historic studies ol quoted fi'nancial instrum￿ts have shown that voI￿111ty in anY1r￿ year period wll norm(Jlly be Corred￿. dTrading SUbS￿l0ry The hospice has o who1ly0wn￿ subsdiary. CTrfftrgole Hospice ￿pport Lid. those moin purpose islo sdl gcods lo raise lund5for the charity. The summori*d occounls olihe subsdiary are aslollows.. 2024 2023 Turnover 1394.859 11,134.6241 1.260.235 (s￿,844) 2,075.889 Cost ol salas Gro￿ profil OperatIr￿ e¥PE￿Se5 Grants recew 1,124,228 1436,0621 18,804 Opeioliro profit tdore choritoble donotions 777,195 688.166 Taxation GrfIAid donation lo hospice Retain￿ prolil/llosslfor Ihewr (n7.1951 1688,1661 2024 2023 Fi%ed ossets Current ossels Current liobililies Provigon for liobilthes 144,749 33I405 1476.1531 32.643 305.273 1337.9151 Total assets lasslliobilib.esl Represent￿ by. Copital Reserve5 OVERGATE HOSPICE la company limited by guaronleel NOTES TO THE ACCOUNTS Group 2024 Charty 2024 16. Debiors 2023 2023 Trade debtors Group debtors Other debtors Taxation recoveroble Legac1￿ receiv(Jble Ftrewymenls and other occrued income n.547 134.140 73,547 401,740 19.000 134.140 275.966 4,928 40.260 60AOO 640.822 28.631 41.890 457.OCQ 339.656 33.OCQ 457.OCQ 264.633 485.325 820.057 1,001,317 1.070.112 1,164,739 Group 2024 Charty 2024 17. Creditors: amounts folling due within one yeor 2023 2023 Trode creditors 72,864 56,552 55.463 olher laxalion ond social securty ndry cr￿110[$ and deferred income 79.427 74,869 79.427 74.869 298.526 314,614 247,837 270.066 458,230 462,347 383.816 400,398 18. Restricted funds 2023 £ 2024 £ Property Redevelopment DOH- Holistic Funding Medical Equipment and Chairs Kitchen IT Equipmenl Saff Portocabin Big Build Hub Estotes Copex Capital R￿evdOpMenI Costs 659,408 70.197 72.623 606 11,890 10,238 95,160 103.303 134.7331 11.897 121.9321 0.2161 14,3421 624,675 42.396 1,464 3.759 96.846 3,852 11942 9l747 105,037 215.756 13.4131 21.848 215.756 Copitol Apwl Funds End ol Life Educolor Staff Training Poti￿1care and Olhers Communty Engagement Projecl Community Hub Proj Educath"on Progromme Wish List Items Eslales Expendrfure 1,444,937 1,386.936 98,868 1215,7561 122,6561 1,656 13.6691 1603.036 176,2121 17931 2,622 39.137 38.294 72.285 108,540 56,663 93.730 87,617 129.517 148.3011 137,385 18,4011 11,3(M)I 1345.3661 18.157 41MI .155 3,431 5.152 1.671.982 20,910 13,8521 2.785.903 4.IIU19 OVERGATE HOSPICE lo company limited by guaronleel NOTES TO THE ACCOUNT5 R￿tricted fund tmjlonce corried lorword 0131 Morch 2024 is represenled by Une%pendal copilol funding Une%pendal revenuelunding I223.705 1888,8H 4.111519 19. Endowment funds Atl 2023 and 31 M(Yth 2024 1981 Propety Fund Holilax [J￿r1d Nursing Charty Fund 70.000 15.000 20. Unrestricted lunds AtiAp 2023 £ IrKoff* WrfubP Transfws At31Ma 2024 £ General fund Desgnated fund Revoluation reserve 1341.049 6.m.574 19,682 9,134.305 5.436.739 92.540 14.908.060 192.5391 1478.0531 375.869 102,184 1391,675 7.149,444 121.866 9.661985 5,529.279 15.(M)0,5991 General fund Desgnated fund Revaluolion reserve 134I049 6.773.574 19.682 5,436.739 92.540 14,908,060) 192,5391 1478,0531 375,869 102.184 1391,675 7,149.444 12l866 9,661985 9.134,305 5,529,279 Is.￿0,599] The remaining value in General Funds is e uivalenllo thevalue calcul￿￿ underihe rewsed ReSer￿S Pdicy plus the value ollangible fix￿ assets that are not COVEYa by a reslricfed fund orend0w￿nenl. This is Ihevalue required to minimi* risk ond soleguord the long-lerm future olihe Hospice.12024.. £2.085.300 ond 2023.. £1.977.5WI 21. Dgsignoted fvnds Al l April De￿gnation 2023 £ EXp￿dit￿re TraTr$fe￿ At31 2024£ ofcapltol assetacrykn. Captial Redevelopm￿1 Fund tt & tJgtial Strolegy Projed Repurposing Resep New Building Conkn.ng￿cY Fund 5,913.365 29.006 11.039.3711 4.873,994 13.641 33.411 150.0(KJ I50,(￿0 I,0￿,0(x) i.(￿.000 19.2361 of Ilwn&' Capital Redevelopm￿1 Fund tt & tJgtial Strolegy Projed 5 y￿rStrat￿JiC Irwestmenl Fund Inv￿lMent In Resource Fund 139,3fl1 125,5231 39,3 581.203 250.000 S41039 100,000 1150,OCQI 450.(M)O 6.773.574 450,￿0 174,1301 7.149.444 OVERGATE HOSPICE la company limited by guaranleel NOTES TO THE ACCOUNTS l. Redtr￿ F￿￿-ThiS ￿ lo supwrt Ihe slortup olihe Caprfal R￿eVelopment projett. 2. ￿ & Strqlegy- An esh.male has been placed on Ihevalue requir￿ lo addr￿ the future technol￿Y needs olihe Hospice ond bè a￿e lo improvelhe eff*hveness ofihe operolion and the support proMded lo polienls ond their families. 3. Repury)osrKJ knd- This is lo eff*hvety uh"li5e and h"dyihose ar￿$ vocoled os portolihe new build devdopmenl and lo consider options for enhancing Ihe wsilor, staff and polienl experience oswdl os income generation. 4. New ￿1￿1 Cmliwcy FurKI-To ring fence £lm ft)r oddrfionol projecl cost ond lo covorlhe Incr￿$￿ running cosl ol the exponded Hospice beyond the lirsl year. S. S Ye(T Strakgic InNeS1￿FUnd-ThIs is lo support odditionol costs (￿so(la1ed wth the implemÈnlotK)n of Ihelive year slralegic plan. 6. InNEShr￿In Res￿￿ F￿￿-The Hospice is commitled lo ensuring that rfs staff ond facilrfies ore olihe high￿￿Or￿ard ond Ihisfurd coversamssuch as Wnunwdk)n,wo￿￿ng enwronmenlond caring forvdunleers. 22. Net ossets by lunds Investments Investment Propety Tongiblelixed ossets Current assets Creditors due in I￿S than oney]r Prowson for liabilikn.es Tottl al 31 M(Yth 2024 1,142.241 703.610 284.998 7.990.366 1458,2301 I141241 703.610 70,(M)O I578.703 15.C(10 10,894,180 1458.230) 1.223.705 2.888.814 9,661985 4.111519 85,(WJ 13,860A04 23. Finon¢ial performance of the Hospice The corwlidoled stalernenl ollinonciol activihes Includ￿ Ihe ￿ullS ollhewholtyovffl￿ trading subsdiaryand seporale slolemenl ollinonciol adivities or Income ond expenditure account has been shown forlhe Charity abne os p￿Mitt￿l bysedion 408 olihe ComponiesAd 2006 and paragraph 397 olihe Charities SORP The summor1s￿ resuhs tsllhe churty fortheyear are us f01ltsv￿'. 2024 2023 Exlemal income Exper)dilure Surplu511deficill beftxeothEY income 4,557.360 .908,06 1350.701 4.323.270 14,527.7451 1204.4751 Donolion from trading subsidiory Surplus fortheyear before investmenlgL)ins and los 777.195 426.494 688,166 483.691 ILossi/profii on sale olinveslments Unreolised inveslmwtgoins/llossesl Total Increase in reserves 1114.8891 19.682 I￿784 528,678 388,484 Total increase in reseNe5 OtK)ve doe5 not includethe inCr￿Se in re5trided funds during Ihe year. OVERGATE HOSPICE la company limited by guaranleel NOTES TO THE ACCOUNTS 2024 24. Oporating Leose Commitmgnts 2023 oup annuol commitments under n0n-concell0b￿ ot*roling areasfollovts.. Expirydole.. Wilhin onewr Be￿￿en bNo ond liveyeors In morelhan five yeors 150,644 Ml,595 277.644 122.410 291239 400,054 25. Controlling Inlerost Omgate Hospice is Manag￿ bylhe Bourd olDireclots, the members olvhich arelhe Iruslees olthe chorty. The following pages do not form part of the audited financial statements: OVERGATE HOSPICE la compony limited by guoranleel DETAILED INCOME AND EXPÉNDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 cl￿111¥ Tottd 2023Tolol Legoci& ond bequests Donations in lieu olllowers Otherfortuilous giving Gift old Palienl care Fund roising. olherdonolions and sundry income Reloil shop operolions incl. recycling credits Catering CalderdaleCCGgranl R&rided grar)ts relea￿ lo match costs in y]r Olher grant income VAT refund scheme Friends ol Overgole ond Imrgatechoir CNergole Hospice lottery ndry Income 1.082.850 143.047 402,490 102,297 13,524 691.689 1,082,850 143,047 402,490 249.238 13.524 711.926 2,017,743 41,637 1,115.036 345.366 18.804 80.199 24,109 174,644 127,376 870.416 180.606 421.784 171.754 7.729 637.796 1,719.306 35,374 I,on.120 s46.￿4 23.￿0 82.925 40.245 175.174 254.255 146.941 20.237 2,017,743 41.637 1.115,036 345,366 18.804 80.199 24.109 174,644 35,294 92,082 4.134.326 2.413.663 6.547.989 6.237.488 Investment porttolio Income Bonk inleresl 31,750 391,284 423,034 4.557.360 31,750 391,284 423,034 6.971.023 30,815 130,855 161.670 6.399.158 Incomesub-lolal 2.413.663 14.908.061) 11.636.468) I6.544.5291 15.915.4671 Donation lo c￿ergOte Hospice 777.195 1777.1951 426,494 426,494 483,691 1114.8891 19.682 inllLossl on reY]lised inveslmwts unrealis￿ inveshnenl guinlllossl 102.184 102.184 528.678 528,678 388,484 Net income tslheyear before laxah.on as ab¢)ve ExC￿S of re51ric1￿ granlincome rece￿￿ in Ihe year over exr*ns 528.678 1.326.616 Increose in NelAssets in year 1.855.294 OVERGATE HOSPICE la company limited by guaranleel DETAILED INCOME ANO EXPENDITURE ACCOUNT Icontinuedl FOR THE YEAR ENDED 31 MARCH 2024 2024 CFtsity Subsd￿ry 2023 Tolol Expenditure Slottcosts and Doclotsl Calering Sundry nursing and malicol expenses Travel expenses Cleaning and laundry Depreci(Jh"on 2.763.955 68.809 131.839 4.586 14.754 37,779 2,763,955 68.809 131.839 4.586 14,754 37,719 2.552,524 52.820 2.291 11,330 23,787 3.021.722 3.021.722 2.757.933 Slattiosts Heating and lighh.ng Council lax. water charges and insurance Repoirs ond moinlenonce Recruilmenl ond training Deweci(Jlion 111,933 45.905 40.017 87.304 20.792 46.866 352.817 111.933 45.905 40.017 87.304 20.792 46.866 352.817 89,183 41,899 38.774 125.489 17.901 50,562 363.808 Fund raWThJ and Sioff costs Recruilmenl and training Expenses, event and other costs Relailing costs Shop rent. rules. Iighl, healand In￿rance Shop repoirs ond moinlenonce Cfvergale Hospice lott Cash collection handling charges DeFyeciolion 648,381 1,382 241.399 996.667 1,537 1,132 63,826 275.274 70.456 72.999 42,414 35,550 1.645.048 2,919 242,531 63,826 275.274 70.456 72.999 50,279 25,550 1.395.659 8.953 206,225 51.884 242.147 65.561 72.848 44.294 10,378 7,865 899,027 1,559.855 2,458,882 2,097.949 Si(Jttcosls General r￿ru11Me￿t. Iroining and st(]ff benefits Postage, printing and stah"onery Telephone HR. in￿lM￿tand legal IT costs Sundry expens SubKriplions Auditors. remunerah.on IProlill loss on diswsal ollixed us Depreciotion 327.646 26.968 42.165 9,326 20,384 149.902 7.553 9.851 5.520 327.646 52.408 52.549 12,594 20,439 178.686 10.722 13.164 9.908 340.378 55.933 45.590 11,193 25,136 155.656 9.319 11.619 9.040 12501 32,163 25.440 10.384 3,268 55 28,784 3.169 3.313 4.388 35,180 35,180 634,495 76.613 1.108 695.7n 4.9￿067 163W 4544.529 S.915.467 The Hospice is fortunate and very grateful to receive grants from the following organisations in 2023/24: Community Foundation for Calderdale Nick Smith Foundation Million Dollar Round Table Adive Calderdale Tesco Community Grants The Kalhleen Mary Lumb Charitable Trust The DWF Charitable Foundation Asda Foundation The Wolfson Foundation Green Hall Foundation The Miller Homes Community Fund The Albert Hunt Trust Ross Smith Foundation Calderdale Council PIB Insurance Bernard Sunley Foundation National Lottery Community Fund Garfield Weston Finderman Charitable Trust st James Place Hospice UK Co-op Causes B&Q Foundation West Riding Masonic Chorities Limited Thank you The Hospice is con1inually Ihankful to Sylvia Graucob MBE for donating her beloved home lo enable patients and their families in Calderdale to benefit from palliative care. Sylvia died in 2017, but we continue to remember her kindness and generosity. The Ho4)ice as it stands today is a testamentto Ove￿h￿rning support we receive from our kxal communty. contact us Hospice: 01422 3791511 info@overgatehospice.nhs.uk Fundraising: 01422 387121 / fundraising@overgatehospice.nhs.uk Volunteering: 01422 379151 / volunteering@overgatehospice.nhs.uk F* Registered Choiily Number.. 511619 **Registered number 1510521** **OVERGATE HOSPICE (a company limited by guarantee)** ## **ANNUAL REPORT AND FINANCIAL STATEMENTS** **for the year ended 31 March 2024** **First Floor Unit 12 Pennine Business Park Longbow Close, Bradley Huddersfield HD2 1GQ** ## **OVERGATE HOSPICE (a company limited by guarantee)** ## **CONTENTS** ||**Page**| |---|---| |Chairman’s report|**3**| |Trustees’ reports|**4 - 25**| |Statement of trustees' responsibilities|**26 - 27**| |Legal and administrative details|**28 - 32**| |Auditors' report|**33 - 35**| |Consolidated statement of financial activities (including income and|| |expenditure account and statement of total recognised gains and losses)|**36 - 37**| |Consolidated and parent company balance sheets|**38**| |Consolidated cash flow statement|**39**| |Notes to the financial statements|**40 - 55**| |**The following pages do not form part of the statutory accounts**|| |Detailed income and expenditure account|**56 – 57**| ## **OVERGATE HOSPICE (a company limited by guarantee)** ## **CHAIRMAN’S REPORT for the year ended 31 March 2024** Chairman, Board of Trustees ## **OVERGATE HOSPICE (a company limited by guarantee)** ## **TRUSTEES’ REPORT for the year ended 31 March 2024** The Trustees present their Annual Report together with the consolidated Financial Statements… The Trustees’ Report, including the Strategic Report, was agreed by the Board of Trustees and signed on its behalf: **Victoria Atkinson** **Trustee & Treasurer** ## **OVERGATE HOSPICE (A company limited by guarantee)** ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** The trustees (who are also directors of Overgate Hospice for the purposes of company law) are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including FRS102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including income and expenditure, of the charitable group for that period. In preparing those financial statements the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: - there is no relevant audit information of which the charitable company's auditors are unaware; and - the trustees have taken all the steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that auditors are aware of that information. Approved by the Board of Trustees on xxxxxxxx and signed on its behalf by Victoria Atkinson – Trustee & Treasurer ## **OVERGATE HOSPICE (a company limited by guarantee)** ## **LEGAL AND ADMINISTRATIVE DETAILS** ## **Status** Registered Charity No 511619 Company No 1510521 ## **Registered Office** Overgate Hospice 30 Hullen Edge Road Elland West Yorkshire HX5 0QY ## **Bankers** Lloyds Bank plc Commercial Street Halifax HX1 1BB Virgin Money (Formerly Yorkshire Bank) 12 Bradford Road Cleckheaton BD19 3RJ **Directors** V Atkinson (Treasurer) A Cawdron N Chapman I G L Charnock J Crowther J Driscoll C S Dunne H Marshall S Nagpaul (Appointed 1 September 2023) V L Pickles C Riley S M Scott S Uka V Webber (Appointed 1 September 2023) **Chief Executive Officer** Tracey **W** ilcocks Flagstone Group Ltd Clareville House 26-27 Oxendon Street London SW1Y 4EL **Auditors** Walter Dawson & Son First Floor Pennine Business Park Longbow Close, Bradley Huddersfield HD2 1GQ **Investment Brokers** CCLA Investment Management Limited One Angel Lane London EC4R 3AB ## **OVERGATE HOSPICE (a company limited by guarantee)** ## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF OVERGATE HOSPICE** We have audited the financial statements of Overgate Hospice for the year ended 31 March 2024 which comprise the Consolidated Statement of Financial Activities (including Income and Expenditure Account, the Consolidated and Parent Company Balance Sheets, the Consolidated Cash Flow Statement and the related notes to the financial statements on pages 40 to 55, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the group’s and parent company’s affairs as of 31 March 2024 and of the group’s income and expenditure for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice: - have been prepared in accordance with the requirements of the Companies Act 2006. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISA’s (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with 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 the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity's ability to 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 directors with respect to going concern are described in the relevant sections of this report. ## **Other information** The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. ## **OVERGATE HOSPICE (a company limited by guarantee)** ## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF OVERGATE HOSPICE (continued)** ## **Other information (Continued)** 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 material 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 on that fact. We have nothing to report in this regard. ## **Opinions on other matters prescribed by the Companies Act 2006** In our opinion, based on the work undertaken in the course of the audit: - the information given in the trustees’ report (incorporating the strategic report and the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the trustees’ report (incorporating the strategic report and the directors’ report) have been prepared in accordance with applicable legal requirements. ## **Matters on which we are required to report by exception** In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report (including strategic report). We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us, or; - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees’ remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit. ## **Responsibility of the trustees** As explained more fully in the trustees’ Responsibilities Statement set out on page 28 - 32, the trustees 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 control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the Charity’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 Charity or to cease operations, or have no realistic alternative but to do so. ## **OVERGATE HOSPICE (a company limited by guarantee)** ## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF OVERGATE HOSPICE (continued)** ## **Our 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 a guarantee that an audit conducted in accordance with ISA’s (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Our approach to identifying and assessing the risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: - the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; - we identified the laws and regulations applicable to the company through discussions with directors and other management, and form our commercial knowledge and experience of the sector; - we focussed on specific laws and regulations which considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation; - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and - identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: - making enquiries of management as to where they considered there was a susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and - considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures to identify any unusual or unexpected relationships; - tested journal entries to identify unusual transactions; - assessed whether judgements and assumptions made in determining the accounting estimates set out in note 1 and where indicative of potential bias; and - investigated the rationale behind significant or unusual transactions. ## **OVERGATE HOSPICE (a company limited by guarantee)** ## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF OVERGATE HOSPICE (continued)** ## **Our responsibilities for the audit of the financial statements (continued)** - In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - agreeing financial statement disclosures to underlying supporting documentation; - reading the minutes of meetings of those charged with governance; - enquiring of management as to actual and potential litigation and claims; and - reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors. There are inherent limitations in our audit procedures described above. The more removed those laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsreponsibilities. This description forms part of our auditor’s report. ## **Users of our report** This report is made solely to the Charity'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 charity's members those matters we are required to state to them in an auditor's 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 charity's members as a body for our audit work, for this report, or for the opinions we have formed. **John Richard Hall (Senior Statutory Auditor) For and on behalf of Walter Dawson & Son** Chartered Accountants and Statutory Auditor First Floor Unit 12 Pennine Business Park Longbow Close, Bradley Huddersfield HD2 1GQ xxxxxxxx ## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (incorporating a consolidated income and expenditure account and statement of total recognised gains and losses) FOR THE YEAR ENDED 31 MARCH 2024** |Note
**Income:**
_Income from donations and_
_legacies:_
Donations
2
Legacies
Grants
3
_Income from other trading_
_activities:_
Retailing
4
Lottery
5
Fundraising events
Investment income
6
**Total income from generated**
**funds**
_Income from charitable_
_activities_
7
**Total Income**
**Expenditure:**
_Costs of raising funds:_
Expenditure on raising
donations and legacies
Expenditure on other
trading activities
Investment management
costs
**Total expenditure on raising**
**funds**
_Expenditure on charitable_
_activities:_
Inpatient care
Day care
Bereavement and family
support
Governance costs
**Total expenditure on charitable**
**activities**
**Total expenditure**
8
**Net income for year before**
**investment gains/(losses)**
**and Taxation**
11|**Unrestricted**
**Restricted**
**Endowment**
**Total**
**2023**
**£**
**£**
**£**
**£**
**£**
953,791
-
-
953,791
917,652
1,082,850
-
-
1,082,850
870,417
-
1,690,787
-
1,690,787
1,048,405| |---|---| ||2,036,641
1,690,787
-
3,727,428
2,836,474| ||2,017,743
-
-
2,017,743
1,720,605
174,644
-
-
174,644
175,174
577,020
-
-
577,020
534,532| ||2,769,407
-
-
2,769,407
2,430,311| ||423,034
-
-
423,034
161,670| ||**5,229,082**
**1,690,787**
**- 6,919,869**
**5,428,455**
1,377,772
-
-
1,377,772
1,450,104| ||**6,606,854**
**1,690,787**
**- 8,297,641**
**6,878,559**| ||1,039,423
4,947
-
1,044,370
929,313
1,734,513
18,804
-
1,753,317
1,511,194
4,585
-
-
4,585
3,215| ||**2,778,521**
**23,751**
**- 2,802,272**
**2,443,722**| ||3,117,359
304,497
-
3,421,856
3,175,670
241,753
35,923
-
277,676
254,254
32,817
-
-
32,817
32,781
9,908
-
-
9,908
9,040| ||**3,401,837 **
**340,420**
**-**
**3,742,257 **
**3,471,745**| ||| ||**6,180,358**
**364,171**
**- 6,544,529**
**5,915,467**| ||| ||**426,496**
**1,326,616**
**-**
**1,753,112**
**963,092**| ## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (including income and expenditure account and statement of total recognised gains and losses) FOR THE YEAR ENDED 31 MARCH 2024 (continued)** |Note
Tax charge for the year
12
Net gains/(losses) on
Investments
15
Net income for the year
Transfers between funds
18
**Reconciliation of funds**
Total funds brought
forward
**Total funds carried**
**forward**
18-21|**Unrestricted**
**Restricted**
**Endowment**
**Total**
**2023**
**£**
**£**
**£**
**£**
**£**
-
-
-
-
-
102,184
-
-
102,184
(95,207)| |---|---| ||**528,680**
**1,326,616**
**-**
**1,855,296**
**867,885**
-
-
-
-
-| ||**528,680**
**1,326,616**
**-**
**1,855,296**
**867,885**
9,134,305
2,785,903
85,000
12,005,208
11,137,323| ||**9,662,985**
**4,112,519**
**85,000 13,860,504**
**12,005,208**| There were no recognised gains or losses other than those shown above and there were no acquisitions or discontinued operations in either this or the preceding year. Under the provisions of Section 408, Companies Act 2006 a separate statement of financial activities for the parent company alone is not required. There were no movements on Endowment Funds during the year therefore no separate statutory summary income and expenditure account has been prepared. The notes on pages 40 to 55 form part of these financial statements. ## **CONSOLIDATED AND PARENT COMPANY BALANCE SHEETS AS AT 31 MARCH 2024** |Notes
**Fixed assets**
Tangible
13
Investment property
14
Investments
15
**Current assets**
Debtors
16
Cash at bank and in hand
Creditors: amounts
falling due within one
year
17
**Net current assets**
**Provision for Liabilities**
Deferred Taxation
**Net assets**
**Represented by Funds:**
**Restricted and**
**endowment**
Restricted
18
Permanent endowment
19
**Unrestricted**
20-21
General funds
Designated funds
Revaluation reserve
**Total funds**
22|**Group**
**Charity**
**2024**
**2023**
**2024**
**2023**
**£**
**£**
**£**
**£**
1,578,703
1,456,975
1,433,954
1,424,332
703,610
703,610
703,610
703,610
1,142,241
1,040,057
1,142,242
1,040,058| |---|---| ||**3,424,554**
**3,200,642**
**3,279,806**
**3,168,000**| ||820,057
1,001,317
1,070,112
1,164,739
10,074,123
8,265,596
9,894,402
8,072,867| ||**10,894,180**
**9,266,913**
**10,964,514**
**9,237,606**
(458,230)
(462,347)
(383,816)
(400,398)| ||**10,435,950**
**-**
**8,804,566**
**-**
**10,580,698**
**-**
**8,837,208**
**-**| ||**13,860,504**
**12,005,208**
**13,860,504**
**12,005,208**| ||4,112,519
2,785,903
4,112,519
2,785,903
85,000
85,000
85,000
85,000| ||**4,197,519**
**2,870,903**
**4,197,519**
**2,870,903**| ||2,391,675
2,341,049
2,391,675
2,341,049
7,149,444
6,773,574
7,149,444
6,773,574
121,866
19,682
121,866
19,682| ||**9,662,985**
**9,134,305**
**9,662,985**
**9,134,305**| ||**13,860,504**
**12,005,208**
**13,860,504**
**12,005,208**| ## **Company Registration No. 1510521** Approved by the trustees on xxxxxxx and signed on their behalf by: ## **Victoria Atkinson – Trustee and Treasurer** The notes on pages 40 to 55 form part of these financial statements. ## **CONSOLIDATED CASH FLOW STATEMENT AS AT 31 MARCH 2024** |**Reconciliation of net incoming resources to**
**operating cash flows**
Net incoming resources
for the year before investment gains/(losses)
Investment income
Investment management charges paid
Depreciation charge
Profit on disposal of fixed asset
Tax charge
Decrease/(Increase) in debtors
Increase/(Decrease) in creditors
**Net cash inflow from operating activities**
**Returns on investments**
Interest received
Dividends received
**Investing activities**
Payments to acquire tangible fixed assets
Payments to acquire new investment funds
Payments to acquire investment property
Proceeds on disposal of tangible fixed assets
**Net cash inflow/(outflow) for the year**
**Analysis of change in cash during the year**
**Short term deposits, cash and bank balances**
At 1 April 2023
Increase in balances
**At 31 March 2024**|
**£**
**391,284**
**31,750**|**2024**
**£**
**1,753,112**
**(423,034)**
**-**
**155,375**
**(2,188)**
**-**
**181,260**
**(4,117)**|
£
130,855
30,815|2023
£
963,092
(161,670)
3,795
116,890
(250)
-
440,875
46,137| |---|---|---|---|---| |||**1,660,408**
**423,034**
**(277,103)**
**-**
**-**
**2,188**||1,408,869
161,670
(126,115)
-
-
250| |||||| |||**1,808,527**||1,444,674| |||**2024**
£
**8,265,596**
**1,808,527**||2023
£
6,820,922
1,444,674| |||**10,074,123**||8,265,596| ## **1. Accounting Policies** The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: ## **(a) Basis of Preparation** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) – ( _Charities SORP (FRS 102)_ ), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The hospice meets the definition of a public entity under FRS 102. Assets and liabilities are initially recognized at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **(b) Legal status of the Charity** The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. At 31 March 2024 there were 14 members (2023: 12). ## **(c) Going concern** The trustees consider that there are no material uncertainties about Overgate Hospice’s ability to continue as a going concern. The most significant areas of adjustment and key assumptions that affect items in the accounts are to do with estimating legacies receivable in these accounts. With regard the following year, the most significant areas of uncertainty of the charity are the level of donation income which needs to be raised each and every year and is covered in more detail in the performance and risk sections of the trustees’ annual report. ## **(d) Group financial statements** The financial statements consolidate the results of the charity and its wholly owned subsidiary Overgate Hospice Support Ltd on a line-by-line basis. A separate Statement of Financial Activities and Income and Expenditure Account for the charity has not been presented because the charity has taken advantage of the exemption afforded by section 408 of the Companies Act 2006. ## **(e) Fund accounting** Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. The aim and purpose of each designated fund is set out in the notes to the financial statements. Restricted funds are donations where the donor has specified, they should only be used for particular areas of the hospice's work. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each material designated, and restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Endowment funds arise when the donor has expressly provided that the gift is to be invested and only the income of the fund may be spent. - **(f) Income** Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. Where income has related expenditure (as with fundraising or contract income), the income and related expenditure are reported gross in the Statement of Financial Activities. Donations, grants and gifts are recognised when receivable. In the event that a donation is subject to fulfilling performance conditions before the charity is entitled to the funds, the income is deferred and not recognised until it is probable that those conditions will be fulfilled in the reporting period. Income from Gift Aid tax reclaims is recognised for any donations with relevant Gift Aid certificates recognised in income for the year. Any amounts of Gift Aid not received by the year end are accounted for in income and accrued income in debtors. Income from NHS contracts, government and other grants, whether ‘capital’ grants or ‘revenue’ grants, are recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred. For legacies, entitlement is taken on a case-by-case basis as the earlier of the date on which: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably, and the charity has been notified of the executor’s intention to make a distribution. If the legacy is in the form of an asset other than cash or an asset listed on a recognised stock exchange, recognition is subject to the value of the asset being able to be reliably measured and title to the asset has passed to the charity. Where legacies have been notified to the charity or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material. Income received in advance for a future fundraising event or for a grant received relating to the following year are deferred until the criteria for income recognition are met. Interest on deposit funds held is included on an accruals basis provided that the amount can be measured reliably by the charity. Dividends are recognised upon notification by our investment advisor of the dividend yield of the investment portfolio. Sponsorship from events, fundraising and events registration fees are recognised in income when the event takes place. Lottery income is accounted for in respect of those draws that have taken place in the year. Trading income is recognised on point of sale for both donated and purchased goods. ## **(g) Donated goods and services** - Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the item is probable and that economic benefit can be measured reliably. ## **(h) Expenditure and irrecoverable VAT** Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual basis. Expenditure on charitable activities includes the costs of providing specialist palliative care and support undertaken to further the purposes of the charity and their associated support costs. Support costs comprise those costs which are incurred directly in support of expenditure on the objects of the charity and include governance cost, finance, and office costs. Governance costs are those costs incurred in connection with the compliance with constitutional and statutory requirements of the charity. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. ## **(h) Expenditure and irrecoverable VAT (continued)** Support costs are allocated to each of the activities to best allocate the costs to each attributable heading. More detail on the analysis and basis of allocation is given in note 9 to the financial statements. ## **(i) Volunteers** The value of the services provided by volunteers is not incorporated into these financial statements. Further details of their contribution is provided in the Trustees report. ## **(j) Fixed assets** Depreciation is provided to write off the cost or revalued amount, less an estimated residual value, of all fixed assets evenly over their expected economic useful lives on a straight-line basis as follows: Freehold property 2% per annum Leasehold improvements over term of lease Equipment 10% and 20% per annum Motor vehicles 25% per annum The need for any impairment of a fixed asset write-down is considered if there is concern over the carrying value of an asset and is assessed by comparing that carrying value against the value in use or realisable value of the asset when appropriate ## **(k)** ## **Investments** Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price, except for the shares in the trading subsidiary which are carried at cost. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year. All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities. The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors. ## **(l)** ## **Stock** Donated items of stock for resale or distribution are not included in the financial statements until they are sold or distributed because the Trustees consider it impractical to be able to assess the number of donated stocks as there are no systems in place which record these items until they are sold. Stocks of bought in retail goods for resale are not included as there are no perpetual stock records and undertaking a stock take would incur undue cost for the charity which far outweigh the benefits. ## **(m) Debtors** Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date. ## **(n) Short term deposits** Short term deposits are short term highly liquid investments with a maturity of three months or more from the date of acquisition or opening of the deposit or similar account. ## **(o) Cash at bank and in hand** Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **(p) Creditors** Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. ## **(q) Financial instruments** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **(r) Pensions** ## **NHS Pension Scheme** Employees who join Overgate Hospice who are currently contributing to an NHS pension scheme and who are eligible to remain in their scheme as per their offer letter, are entitled to remain members of that scheme which provides benefits based on final pensionable pay. The NHS Pension Scheme is an unfunded, defined benefit scheme that covers NHS employers, General Practices and other bodies, allowed under the direction of Secretary of State, in England and Wales. Consequently, it is not possible to identify the Hospice’s share of the underlying scheme liabilities. Therefore, the scheme is accounted for as a defined contribution scheme and the cost of the scheme is equal to the contributions payable to the scheme for the accounting period. Employers’ pension costs contributions are charged to operating expenses as and when they become due. Employer contribution rates are reviewed every four years following a scheme valuation carried out by the Government Actuary. On advice from the actuary the contribution may be varied from time to time to reflect changes in the scheme’s liabilities. The last valuation on which contribution rates were based (31 March 2016) was published on 15 February 2019 and noted a notional deficiency of £19.4bn (7.0% of notional fund valuation). The recommendation of the Government Actuary was that employer contribution rates would be increased to 20.6% of pensionable pay from 1 April 2019. The next full actuarial valuation to be used for funding purposes will be as at 31 March 2020 which is expected to be completed in Autumn 2023. The charity has received confirmation that for 2022-23 the additional NHS Pension costs will continue to be applied to the pension fund centrally by NHS England. They have committed that the additional funding will recur annually until 31st March 2024 but the payment arrangements for these subsequent years is yet to be agreed ## **Royal London Pension Scheme** Other employees are entitled to join a defined contribution ‘money purchase’ scheme. The costs of the defined contribution scheme are included with the associated staff costs and allocated therefore to raising funds, charitable activities, support and governance costs and charged to the unrestricted funds of the charity. The money purchase plan is managed by Royal London and the plan invests the contributions made by the employee and employer in an investment fund to build up over the term of the plan. The pension fund is then converted into a pension upon the employee’s normal retirement age which is defined as when they are eligible for a state pension. The expenses of the plan are deducted from the investment fund annually. The charity has no liability beyond making its contributions and paying across the deductions for the employee’s contributions. ## **(s) Operating leases** Operating leases are recognised over the period of which the lease falls due. Any benefit receivable as an incentive to sign an operating lease is recognised on a straight-line basis over the period of the lease. ## **(t) Investment property** Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the statement of financial activities. ## **(u) Taxation** The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **2. Donations** ## **3.** |**Donations**||| |---|---|---| ||**2024**|2023| ||**£**|£| |General|**485,340**|427,951| |In memoriam|**143,047**|180,606| |Event participant sponsorship|**134,906**|103,265| |Corporate support|**136,698**|140,340| |Collecting boxes|**29,691**|25,245| |Friends groups including choir (see analysis)|**24,109**|40,245| ||**953,791**|917,652| ||**2024**|2023| ||**£**|£| |Gift Aid included in above total donations|**249,238**|171,754| ||**2024**|2023| ||**£**|£| |Friends Groups|**13,484**|25,390| |Overgate Choir|**10,625**|14,855| ||**24,109**|40,245| |**Grants received**||| ||**2024**|2023| ||**£**|£| |Unrestricted funds:||| |General purpose grants|**-**|23,000| ||**-**|23,000| |Restricted funds:||| |Capital Appeal for Redevelopment|**1,386,936**|775,295| |End of Life Education|**98,868**|97,478| |Estates Capex|**21,848**|32,508| |Estates Expenditure|**5,152**|79,770| |Staff Education|**-**|120| |Community Hub Project|**18,157**|2,990| |Medical Equipment|**42,396**|6,715| |Other|**117,430**|30,529| ||**1,690,787 **|1,025,405| |**Total**|**1,690,787**|1,048,405| ## **4. Retailing** |**2024**
**£**
Income from sale of goods
**1,904,572**
Recycling credits
**113,171**
Insurance claims
**-**
Total income derived from retailing
**2,017,743**
Direct cost of sales
**50,205**
Staff costs
**996,667**
Other staff and volunteer costs
**1,537**
Property costs
**275,274**
Motor running
**25,440**
Till and IT costs
**28,784**
Other costs
**-**
Total expenditure
**1,377,907**
Net profit(loss) arising from retail activities
Gift Aid recoverable
**639,836**
**146,941**
Grant income
**-**
Shop event income
Other Income
**20,237**
**37,482 **
Total net income arising through retail activities
**844,496**
Number of shops
**16**
All shop income in both the current and previous year relates to unrestricted funds.
**5.**
**Lottery**
**2024**
**£**
Income from lottery sales
**174,644**
Prize money
**(52,000)**
Other lottery costs
**(20,999)**
Net profit arising from lottery
**101,645**
Donations through lottery
**-**
Total net income arising through lottery operations
**101,645**
**6.**
**Investment income**
**2024**
**£**
Income from listed investments
**31,750**
Bank interest
**391,284**
**423,034**|2023
£
1,627,578
91,728
1,299| |---|---| ||1,720,605| ||45,447
826,642
4,890
242,146
26,161
22,825
75,014| ||1,243,125| ||477,480
109,496
-
18,360
52,448| ||657,784| ||14| ||2023
£
175,174
(53,000)
(19,848)| ||102,326
55| ||102,381| ||2023
£
30,815
130,855| ||161,670| ## **7. Income from charitable activities** |**come from charitable activities**||| |---|---|---| |Hospice funding
Canteen
VAT Refund Scheme
Sundry Income|Government
funding
Other
funding
**Total**
**2024**
£
£
**£**
1,115,036
-
**1,115,036**
-
41,637
**41,637**
80,199
-
-
140,900
**80,199**
**140,900**
1,195,235
182,537
**1,377,772**|Total
2023
£
1,071,120
35,374
82,925
260,685| |||1,450,104| ## **8. Analysis of resource expended** |**alysis of resource expended**||||| |---|---|---|---|---| |||**Support**||| ||**Direct**|**costs**|**Total**|Total| ||**costs**|**(note 9)**|**2024**|2023| ||£|£|**£**|£| |Cost of generating voluntary income|891,162|153,208|1,044,370|929,313| |Fundraising trading costs|1,136,161|617,156|1,753,317|1,511,194| |Investment management costs|4,585|-|4,585|3,215| |**Cost of generating funds**|**2,031,908**|**770,364**|**2,802,272**|**2,443,722**| |Inpatient care|2,760,973|660,883|3,421,856|3,175,670| |Day care|235,038|42,638|277,676|254,254| |Bereavement and family support|25,711|7,106|32,817|32,781| |**Charitable activities**|**3,021,722**|**710,627**|**3,732,349**|**3,462,705**| |**Governance costs**|**-**|**9,908**|**9,908**|**9,040**| |**Total**|**5,053,630**|**1,490,899**|**6,544,529**|**5,915,467**| ## **9. Analysis of support costs** |**alysis of support costs**|| |---|---| |Cost of generating voluntary
income
Fundraising trading:
Costs of goods sold and other
costs
**Cost of generating funds**
**Charitable services**
**Governance costs**
**Total**|**Establish-**
**ment,**
**light and**
**heat**
**Manage-**
**ment &**
**IT**
**Other**
**costs**
**Total**
**2024**
Total
2023
**£**
**£**
**£**
**£**
£
59,980
25,483
67,745
**153,208**
150,295
345,730
28,784
242,642
**617,156**
551,166| ||405,710
54,267
310,387
**770,364**
701,461
292,837
124,419
293,371
**710,627**
704,772
-
-
9,908
**9,908**
9,040| ||**698,547**
**178,686**
**613,666**
**1,490,899**
1,415,273| ## **10. Wages and Salaries** |Wages and salaries
Employer’s national insurance
Pension costs
_Employee costs_
_Other:_
Medical Consultant|**2024**
**£**
**4,119,538**
**336,180**
**249,080**
**4,704,798**
**143,784**
**4,848,582**|2023
£
3,682,243
305,824
225,678| |---|---|---| |||4,213,745| |||163,999| |||4,377,744| The average monthly head count of payroll employees (excluding temporary employed staff) in the year was 172 (2023: 156). As of 31 March 2024, there were 22 (2023: 28) bank staff being utilised. The number of employees whose remuneration exceeded £60,000 (excluding employer pension contributions and employers’ national insurance) and fell into the band between £70,000 and £79,999 during the year was 1 (2023: 1). Employer pension cost payments in the year in respect of employees earning above £60,000 was £11,136 (2023: £11,981). The trustees received no remuneration or other financial benefit for their services during the year (2023: £nil). Insurance cover is provided through a trustee indemnity insurance policy. The Hospice consider that the key group management personnel comprise the trustees and the directly employed members of the senior management team comprising the Chief Executive and 3 (2023: 3) other employees. The total gross remuneration of those remunerated members of the senior management team was £296,952 (2023: £283,742) and the total of employer pension contributions paid was £29,937 (2023: £29,226). The total cost of those employed members of the senior management team was therefore £362,702 (2023: £349,148). A further member of the senior management team is the Medical Consultant and the costs charged to the Hospice for the services provided are shown above. ## **10. Wages and Salaries (continued)** |Functional analysis of the average numbers of employees of the group:
**2024**
**2024**
**Actual**
**number**
**Full time**
**equivalent**
Direct charitable services
**15**
**13**
Fundraising
**81**
**57**
Governance
**75**
**58**
Administrative services
**1**
**1**
**Total**
**172**
**129**
Retail staff included in fundraising
**49**
**37**|2023
2023
Actual
number
Full time
equivalent
78
54
64
51
1
1
13
11| |---|---| ||156
117| ||40
32| ## **11. Net incoming resources** Net incoming resources before investment gains/(losses) is stated after charging: ||**2024**|2023| |---|---|---| ||**£**|£| |Depreciation|**155,375**|116,890| |Auditors’ remuneration:||| |- For audit services|**9,908**|9,040| |- For other services|**-**|-| |Operating lease rentals – retail properties|**206,639**|179,728| ## **12. Taxation** The company is a registered charity and as such is exempt from taxation on its income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that its income and gains are applied for charitable purposes. The profits of the trading subsidiary are donated to the Hospice in full. Taxation has arisen due to differences in the tax and accounting treatment of assets in the subsidiary only. Analysis of tax charge The tax charge on the profit of the group for the year was as follows: |Current tax:
UK corporation tax
Deferred tax
**At 31 March 2024**|**2024**
**£**
-
-
**-**|**2023**
**£**
-
-| |---|---|---| |||**-**| ## **13. Tangible fixed assets** ## **a) Group** |**Freehold**
**property**
**Leasehold**
**property**
**improvements**
**Medical**
**and other**
**equipment**
**Motor**
**vehicles**
**Total**
**£**
**£**
**£**
**£**
**£**
2,706,169
21,263
889,980
23,750
3,641,162
-
33,486
138,921
107,509
279,916
-
-
-
(9,000)
(9,000)|**Freehold**
**property**
**Leasehold**
**property**
**improvements**
**Medical**
**and other**
**equipment**
**Motor**
**vehicles**
**Total**
**£**
**£**
**£**
**£**
**£**
2,706,169
21,263
889,980
23,750
3,641,162
-
33,486
138,921
107,509
279,916
-
-
-
(9,000)
(9,000)| |---|---| |**2,706,169**
**54,749**
**1,028,901**
**122,259 3,912,078**|| |1,488,345
21,263
664,845
9,734
2,184,187
50,562
2,126
76,456
26,231
155,375
-
-
-
(6,187)
(6,187)|| |**1,538,907**
**23,389**
**741,301**
**29,778 2,333,375**|| |**1,167,262**
**31,360**
**287,600**
**92,481 1,578,703**|| |1,217,824|-
225,135
14,016
1,456,975| ||**Freehold**
**property**
**Medical**
**and other**
**equipment**
**Total**
**£**
**£**
**£**
2,706,169
851,471
3,557,640
-
129,447
129,447
-
-
-| ||**2,706,169**
**980,918**
**3,687,087**| ||1,488,345
644,963
2,133,308
50,562
69,263
119,825
-
-
-| ||**1,538,907**
**714,226**
**2,253,133**| ||**1,167,262**
**266,692**
**1,433,954**| ## **14. Investment property** |**Cost or valuation**
At 1 April 2023
Additions
**At 31 March 2024**
**Net book value**
**31 March 2024**
31 March 2023
**Valuation at 31 March 2024**|**Group**
**£**
703,610
-
**703,610**
**703,610**
703,610
**703,610**|**Charity**
**£**
703,610
-| |---|---|---| |||**703,610**| |||**703,610**| |||703,610| |||**703,610**| The investment property is the next-door property which has been purchased for the sole purpose of using the site for future redevelopment of the Hospice, to update the existing inpatient services and to continue to provide services into the 21st century. ## **15. Investments** a) |Investment held with CCLA:
At 1 April 2023
New funds added
Withdrawal of funds
Net gains on disposals
Net gains on revaluation
Investment management charges paid
**At 31 March 2024**
b)
Analysis of investments
Managed listed investments and authorised unit trusts
Cash held as part of the investment portfolio
Total Group
Investment in subsidiary
Total Charity||**Group**
**£**
1,040,057
-
-
-
102,184
-
**1,142,241**
**2024**
**£**
1,142,241
-
**1,142,241**
1
**1,142,242**|**Charity**
**£**
1,040,057
-
-
-
102,184
-| |---|---|---|---| ||||**1,142,241**| ||||2023
£
1,040,057| ||||**1,040,057**
1| ||||**1,040,058**| Investments in equities and fixed interest securities are all traded in quoted public markets, primarily the London Stock Exchange and are carried at fair value which is equivalent to market value using bid price. Historical cost of the investments excluding cash and subsidiary is £1,020,374 (2023: £1,020,374). Investment risks are mitigated by retaining expert advisors and an investment policy that provides for a high degree of diversification of holdings within asset classes that are quoted on recognised stock exchanges. No use is made of derivatives and similar complex financial instruments as the view is taken that investments are held for longer term yield and historic studies of quoted financial instruments have shown that volatility in any five-year period will normally be corrected. ## c) Trading subsidiary The hospice has a wholly owned subsidiary, Overgate Hospice Support Ltd, whose main purpose is to sell goods to raise funds for the charity. The summarised accounts of the subsidiary are as follows: |**Subsidiary’s profit and loss account**
Turnover
Cost of sales
Gross profit
Operating expenses
Grants received
Operating profit before charitable donations
Taxation
Gift Aid donation to hospice
Retained profit/(loss) for the year
**Subsidiary’s balance sheet**
Fixed assets
Current assets
Current liabilities
Provision for liabilities
Total assets less (liabilities)
Represented by:
Capital
Reserves||**2024**
**£**
2,394,859
(1,134,624)
1,260,235
(501,844)
18,804
777,195
-
(777,195)
**-**
**2024**
**£**
**144,749**
**331,405**
**(476,153)**
**-**
**1**
**1**
**-**
**1**|2023
£
2,075,889
(951,661)| |---|---|---|---| ||||1,124,228
(436,062)
-| ||||688,166
-
(688,166)| ||||-| ||||2023
£
32,643
305,273
(337,915)
-
1
1
-
1| ## **16. Debtors** |
Trade debtors
Group debtors
Other debtors
Taxation recoverable
Legacies receivable
Prepayments and other accrued income|**Group**
**Charity**
**2024**
2023
**2024**
2023
**£**
£
**£**
£
**73,547**
134,140
**73,547**
134,140
**-**
-
**401,740**
275,966
**4,928**
28,631
**19,000**
-
**40,260**
41,890
**30,000**
33,000
**60,500**
457,000
**60,500**
457,000
**640,822**
339,656
**485,325**
264,633| |---|---| ||**820,057**
1,001,317
**1,070,112**
1,164,739| ## **17. Creditors: amounts falling due within one year** |
Trade creditors
Other taxation and social security
Sundry creditors and deferred income|**Group**
**Charity**
**2024**
2023
**2024**
2023
**£**
£
**£**
£
**80,277**
72,864
**56,552**
55,463
**79,427**
74,869
**79,427**
74,869
**298,526**
314,614
**247,837**
270,066| |---|---| ||**458,230**
462,347
**383,816**
400,398| ## **18. Restricted funds** |**Group and Charity:**
**Funding for capital asset**
**acquisitions:**
Property Redevelopment
DoH – Holistic Funding
Medical Equipment and Chairs
Kitchen
IT Equipment
Staff Portacabin
Big Build Hub
Estates Capex
Capital Redevelopment Costs
**Funding of revenue costs:**
Capital Appeal Funds
End of Life Educator
Staff Training
Patient Care and Others
Community Engagement
Project
Community Hub Project
Education Programme
Wish List Items
Estates Expenditure|**At**
**1 April**
**2023**
**Income**
**Expenditure**
**Transfers**
**At**
**31 March**
**2024**
**£**
**£**
**£**
**£**
**£**
659,408
-
(34,733)
-
**624,675**
70,197
-
(1,897)
-
**68,300**
72,623
42,396
(21,932)
3,759
**96,846**
606
1,464
(1,216)
-
**854**
11,890
-
(4,342)
-
**7,548**
10,238
-
(1,148)
3,852
**12,942**
95,160
-
(3,413)
-
**91,747**
103,303
21,848
(20,114)
-
**105,037**
-
-
-
215,756
**215,756**
1,444,937
1,386,936
(13,081)
(215,756)
**2,603,036**
-
98,868
(76,212)
(22,656)
**-**
2,622
-
(793)
1,656
**3,485**
39,137
93,730
(41,581)
(3,669)
**87,617**
38,294
-
(29,517)
-
**8,777**
72,285
18,157
(48,301)
-
**42,141**
108,540
-
(37,385)
-
**71,155**
56,663
3,431
(8,401)
20,910
**72,603**
-
5,152
(1,300)
(3,852)
**-**| |---|---| ||2,785,903
1,671,982
(345,366)
-
**4,112,519**| Restricted fund balance carried forward at 31 March 2024 is represented by |Unexpended capital funding
Unexpended revenue funding|**£**
**1,223,705**
**2,888,814**| |---|---| ||**4,112,519**| ## **19. Endowment funds** |**At 1 April 2023 and 31 March 2024:**
1981 Property Fund
Halifax District Nursing Charity Fund|**£**
70,000
15,000| |---|---| ||**85,000**| ## **20. Unrestricted funds** ||**At**||||**At**| |---|---|---|---|---|---| ||**1 April**|**Income**|**Expenditure**|**Transfers**|**31 March**| ||**2023**||||**2024**| ||**£**|**£**|**£**|**£**|**£**| |**Group:**|||||| |**General fund**|2,341,049|5,436,739|(4,908,060)|(478,053)|**2,391,675**| |**Designated fund**|6,773,574|92,540|(92,539)|375,869|**7,149,444**| |**Revaluation reserve**|19,682|-|-|102,184|**121,866**| ||9,134,305|5,529,279|(5,000,599)|-|**9,662,985**| |**Charity:**|||||| |**General fund**|2,341,049|5,436,739|(4,908,060)|(478,053)|**2,391,675**| |**Designated fund**|6,773,574|92,540|(92,539)|375,869|**7,149,444**| |**Revaluation reserve**|19,682|-|-|102,184|**121,866**| ||9,134,305|5,529,279|(5,000,599)|-|**9,662,985**| The remaining value in General Funds is equivalent to the value calculated under the revised Reserves Policy plus the value of tangible fixed assets that are not covered by a restricted fund or endowment. This is the value required to minimise risk and safeguard the long-term future of the Hospice. (2024: £2,085,300 and 2023: £1,977,500) ## **21. Designated funds** |Group and Charity:
**Funding of capital asset**
**acquisitions:**
Capital Redevelopment Fund
IT & Digital Strategy Project
Repurposing Reserve
New Build Contingency Fund
**Funding of revenue items:**
Capital Redevelopment Fund
IT & Digital Strategy Account
5 Year Strategic Investment
Fund
Rebranding Reserve
Remuneration Reserve|**At**
**1 April 2023**
Designation
Expenditure
Transfers
**At**
**31 March 2024**
**£**
£
£
£
**£**
5,913,365
-
-
(1,039,371)
**4,873,994**
29,006
-
(9,236)
13,641
**33,411**
-
-
-
150,000
**150,000**
-
-
-
1,000,000
**1,000,000**
-
-
(39,371)
39,371
**-**
581,203
-
(25,523)
(13,641)
**542,039**
250,000
-
-
(150,000)
**100,000**
-
250,000
**250,000**
-
200,000
**200,000**| |---|---| ||6,773,574
450,000
(74,130)
-
**7,149,444**| ## **Designated Funds** **1. Capital Redevelopment Fund** – This is to support the startup of the Capital Redevelopment project. **2. IT & Digital Strategy** – An estimate has been placed on the value required to address the future needs of the Hospice and be able to improve the support we provide to our patients and their families. **3. 5 Year Strategic Investment Fund** – This is to support additional costs associated with the implementation of the 5-year strategic plan. **4. Repurposing Reserve -** To effectively utilise and tidy those areas vacated as part of the new build development. **5. New Build Contingency Fund** - A decision was made at the CRSC meeting on 11 November to ring fence £1m of the designated Capital Redevelopment Fund as a contingency. **6. Rebranding Reserve** – The services and aesthetics of the new build will drive an organisational rebrand to ensure that the Hospice is physically presented as an appealing and professional operation and an aspirational example for the sector. **7. Remuneration Reserve** – A specific reserve to support our desire to be a fair and appealing employer and to ensure that whilst our salaries will never be on par with the commercial sector, we can offer our staff the package, environment, care, training and progression that they deserve. **22. Net assets by funds** |Investments
Investment Property
Tangible fixed assets
Current assets
Creditors due in less than one year
Provision for liabilities
**Total at 31 March 2024**|**Unrestricted**
**Restricted**
**Endowment**
**Total**
**£**
**£**
**£**
**£**
1,142,241
-
-
**1,142,241**
703,610
-
-
**703,610**
284,998
1,223,705
70,000
**1,578,703**
7,990,366
2,888,814
15,000
**10,894,180**
(458,230)
-
-
-
-
-
**(458,230)**
**-**| |---|---| ||**9,662,985**
**4,112,519**
**85,000**
**13,860,504**| ## **23. Financial performance of the Hospice** The consolidated statement of financial activities includes the results of the wholly owned trading subsidiary and no separate statement of financial activities or income, and expenditure account has been shown for the Charity alone as permitted by section 408 of the Companies Act 2006 and paragraph 397 of the Charities SORP. The summarised results of the charity for the year are as follows: |External income
Expenditure
Surplus/(deficit) before other income
Donation from trading subsidiary
Surplus for the year before investment gains and losses
(Loss)/profit on sale of investments
Unrealised investment gains/(losses)
Total increase in reserves|**2024**
**£**
**4,557,360**
**(4,908,061)**
**(350,701)**
**777,195**
**426,494**
**-**
**102,184**
**528,678**|2023
£
4,323,270
(4,527,745)| |---|---|---| |||(204,475)
688,166| |||483,691
(114,889)
19,682| |||388,484| Total increase in reserves above does not include the increase in restricted funds during the year. ## **24. Operating Lease Commitments** Group annual commitments under non-cancellable operating leases are as follows: |Expiry date:
Within one year
Between two and five years
In more than five years|**2024**
**£**
**150,644**
**141,595**
**-**
**292,239**|2023
£
277,644
122,410
-| |---|---|---| |||400,054| ## **25. Controlling Interest** Overgate Hospice is managed by the Board of Directors, the members of which are the trustees of the charity. ## **OVERGATE HOSPICE (a company limited by guarantee)** **The following pages do not form part of the audited financial statements:** ## **OVERGATE HOSPICE (a company limited by guarantee)** ## **DETAILED INCOME AND EXPENDITURE ACCOUNT for the year ended 31 March 2024** |**Income**
Legacies and bequests
Donations in lieu of flowers
Other fortuitous giving
Gift aid
Patient care
Fund raising, other donations and sundry income
Retail shop operations incl. recycling credits
Catering
Calderdale CCG grant
Restricted grants released to match costs in year
Other grant income
VAT refund scheme
Friends of Overgate and Overgate Choir
Overgate Hospice lottery
Sundry Income
Investment portfolio income
Bank interest
Income sub-total
**Operating expenditure**
Donation to Overgate Hospice
**Net income before investment gains/(losses)**
Gain/(Loss) on realised investments
Unrealised investment gain/(loss)
**Net income for the year before taxation**
Net income for the year before taxation as
above
Excess of restricted grant income received in the
year over expenses
Increase in Net Assets in year||**2024**|**Total**
**£**
1,082,850
-
545,537
249,238
13,524
711,926
2,017,743
41,637
1,115,036
345,366
18,804
80,199
24,109
174,644
127,376
6,547,989
31,750
391,284
423,034
6,971,023
(6,544,529)
-
426,494
-
102,184
528,678|2023
Total
£
870,416
180,606
421,784
171,754
7,729
637,796
1,719,306
35,374
1,071,120
546,004
23,000
82,925
40,245
175,174
254,255| |---|---|---|---|---| ||**Charity**
**£**
1,082,850
-
545,537
102,297
13,524
691,689
-
41,637
1,115,036
345,366
-
80,199
24,109
-
92,082
4,134,326
31,750
391,284
423,034
4,557,360
(4,908,061)
777,195
426,494
-
102,184
528,678
528,678
1,326,616
1,855,294|**Subsidiary**
**£**
-
-
-
146,941
-
20,237
2,017,743
-
-
-
18,804
-
-
174,644
35,294
2,413,663
-
-
-
2,413,663
(1,636,468)
(777,195)
-
-
-
-||| |||||6,237,488| |||||30,815
130,855| |||||161,670| |||||6,399,158
(5,915,467)
-| |||||483,691
(114,889)
19,682| |||||388,484| |||||| ## **OVERGATE HOSPICE (a company limited by guarantee)** ## **DETAILED INCOME AND EXPENDITURE ACCOUNT (continued) for the year ended 31 March 2024** |**Expenditure**
**Care expenses**
Staff costs and Doctors fees
Catering
Sundry nursing and medical expenses
Travel expenses
Cleaning and laundry
Depreciation
**Hospice establishment expenses**
Staff costs
Heating and lighting
Council tax, water charges and insurance
Repairs and maintenance
Recruitment and training
Depreciation
**Fund raising and publicity**
Staff costs
Recruitment and training
Expenses, event and other costs
Retailing costs
Shop rent, rates, light, heat and Insurance
Shop repairs and maintenance
Overgate Hospice lottery
Cash collection handling charges
Depreciation
**Administrative expenses**
Staff costs
General recruitment, training and staff benefits
Postage, printing and stationery
Telephone
HR, investment and legal
IT costs
Sundry expenses
Subscriptions
Auditors’ remuneration
(Profit) Loss on disposal of fixed asset
Depreciation
**Total expenditure**||**2024**|**Total**
**£**
2,763,955
68,809
131,839
4,586
14,754
37,779
3,021,722
111,933
45,905
40,017
87,304
20,792
46,866
352,817
1,645,048
2,919
242,531
63,826
275,274
70,456
72,999
50,279
35,550
2,458,882
327,646
52,408
52,549
12,594
20,439
178,686
10,722
13,164
9,908
(2,188)
35,180
711,108
6,544,529|2023
Total
£
2,552,524
52,820
115,181
2,291
11,330
23,787| |---|---|---|---|---| ||**Charity**
**£**
2,763,955
68,809
131,839
4,586
14,754
37,779
3,021,722
111,933
45,905
40,017
87,304
20,792
46,866
352,817
648,381
1,382
241,399
-
-
-
-
7,865
-
899,027
327,646
26,968
42,165
9,326
20,384
149,902
7,553
9,851
5,520
-
35,180
634,495
4,908,061|**Subsidiary**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
996,667
1,537
1,132
63,826
275,274
70,456
72,999
42,414
35,550
1,559,855
-
25,440
10,384
3,268
55
28,784
3,169
3,313
4,388
(2,188)
-
76,613
1,636,468||| |||||2,757,933| |||||89,183
41,899
38,774
125,489
17,901
50,562| |||||363,808| |||||1,395,659
8,953
206,225
51,884
242,147
65,561
72,848
44,294
10,378| |||||2,097,949| |||||340,378
55,933
45,590
11,193
25,136
155,656
9,319
11,619
9,040
(250)
32,163| |||||695,777| |||||| |||||5,915,467| **Registered number 1510521** **OVERGATE HOSPICE (a company limited by guarantee)** ## **ANNUAL REPORT AND FINANCIAL STATEMENTS** **for the year ended 31 March 2024** **First Floor Unit 12 Pennine Business Park Longbow Close, Bradley Huddersfield HD2 1GQ** ## **OVERGATE HOSPICE (a company limited by guarantee)** ## **CONTENTS** ||**Page**| |---|---| |Chairman’s report|**3**| |Trustees’ reports|**4 - 25**| |Statement of trustees' responsibilities|**26 - 27**| |Legal and administrative details|**28 - 32**| |Auditors' report|**33 - 35**| |Consolidated statement of financial activities (including income and|| |expenditure account and statement of total recognised gains and losses)|**36 - 37**| |Consolidated and parent company balance sheets|**38**| |Consolidated cash flow statement|**39**| |Notes to the financial statements|**40 - 55**| |**The following pages do not form part of the statutory accounts**|| |Detailed income and expenditure account|**56 – 57**| ## **OVERGATE HOSPICE (a company limited by guarantee)** ## **CHAIRMAN’S REPORT for the year ended 31 March 2024** Chairman, Board of Trustees ## **OVERGATE HOSPICE (a company limited by guarantee)** ## **TRUSTEES’ REPORT for the year ended 31 March 2024** The Trustees present their Annual Report together with the consolidated Financial Statements… The Trustees’ Report, including the Strategic Report, was agreed by the Board of Trustees and signed on its behalf: **Victoria Atkinson** **Trustee & Treasurer** ## **OVERGATE HOSPICE (A company limited by guarantee)** ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** The trustees (who are also directors of Overgate Hospice for the purposes of company law) are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including FRS102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including income and expenditure, of the charitable group for that period. In preparing those financial statements the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: - there is no relevant audit information of which the charitable company's auditors are unaware; and - the trustees have taken all the steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that auditors are aware of that information. Approved by the Board of Trustees on xxxxxxxx and signed on its behalf by Victoria Atkinson – Trustee & Treasurer ## **OVERGATE HOSPICE (a company limited by guarantee)** ## **LEGAL AND ADMINISTRATIVE DETAILS** ## **Status** Registered Charity No 511619 Company No 1510521 ## **Registered Office** Overgate Hospice 30 Hullen Edge Road Elland West Yorkshire HX5 0QY ## **Bankers** Lloyds Bank plc Commercial Street Halifax HX1 1BB Virgin Money (Formerly Yorkshire Bank) 12 Bradford Road Cleckheaton BD19 3RJ **Directors** V Atkinson (Treasurer) A Cawdron N Chapman I G L Charnock J Crowther J Driscoll C S Dunne H Marshall S Nagpaul (Appointed 1 September 2023) V L Pickles C Riley S M Scott S Uka V Webber (Appointed 1 September 2023) **Chief Executive Officer** Tracey **W** ilcocks Flagstone Group Ltd Clareville House 26-27 Oxendon Street London SW1Y 4EL **Auditors** Walter Dawson & Son First Floor Pennine Business Park Longbow Close, Bradley Huddersfield HD2 1GQ **Investment Brokers** CCLA Investment Management Limited One Angel Lane London EC4R 3AB ## **OVERGATE HOSPICE (a company limited by guarantee)** ## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF OVERGATE HOSPICE** We have audited the financial statements of Overgate Hospice for the year ended 31 March 2024 which comprise the Consolidated Statement of Financial Activities (including Income and Expenditure Account, the Consolidated and Parent Company Balance Sheets, the Consolidated Cash Flow Statement and the related notes to the financial statements on pages 40 to 55, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the group’s and parent company’s affairs as of 31 March 2024 and of the group’s income and expenditure for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice: - have been prepared in accordance with the requirements of the Companies Act 2006. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISA’s (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with 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 the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity's ability to 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 directors with respect to going concern are described in the relevant sections of this report. ## **Other information** The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. ## **OVERGATE HOSPICE (a company limited by guarantee)** ## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF OVERGATE HOSPICE (continued)** ## **Other information (Continued)** 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 material 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 on that fact. We have nothing to report in this regard. ## **Opinions on other matters prescribed by the Companies Act 2006** In our opinion, based on the work undertaken in the course of the audit: - the information given in the trustees’ report (incorporating the strategic report and the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the trustees’ report (incorporating the strategic report and the directors’ report) have been prepared in accordance with applicable legal requirements. ## **Matters on which we are required to report by exception** In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report (including strategic report). We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us, or; - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees’ remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit. ## **Responsibility of the trustees** As explained more fully in the trustees’ Responsibilities Statement set out on page 28 - 32, the trustees 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 control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the Charity’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 Charity or to cease operations, or have no realistic alternative but to do so. ## **OVERGATE HOSPICE (a company limited by guarantee)** ## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF OVERGATE HOSPICE (continued)** ## **Our 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 a guarantee that an audit conducted in accordance with ISA’s (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Our approach to identifying and assessing the risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: - the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; - we identified the laws and regulations applicable to the company through discussions with directors and other management, and form our commercial knowledge and experience of the sector; - we focussed on specific laws and regulations which considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation; - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and - identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: - making enquiries of management as to where they considered there was a susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and - considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures to identify any unusual or unexpected relationships; - tested journal entries to identify unusual transactions; - assessed whether judgements and assumptions made in determining the accounting estimates set out in note 1 and where indicative of potential bias; and - investigated the rationale behind significant or unusual transactions. ## **OVERGATE HOSPICE (a company limited by guarantee)** ## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF OVERGATE HOSPICE (continued)** ## **Our responsibilities for the audit of the financial statements (continued)** - In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - agreeing financial statement disclosures to underlying supporting documentation; - reading the minutes of meetings of those charged with governance; - enquiring of management as to actual and potential litigation and claims; and - reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors. There are inherent limitations in our audit procedures described above. The more removed those laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsreponsibilities. This description forms part of our auditor’s report. ## **Users of our report** This report is made solely to the Charity'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 charity's members those matters we are required to state to them in an auditor's 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 charity's members as a body for our audit work, for this report, or for the opinions we have formed. **John Richard Hall (Senior Statutory Auditor) For and on behalf of Walter Dawson & Son** Chartered Accountants and Statutory Auditor First Floor Unit 12 Pennine Business Park Longbow Close, Bradley Huddersfield HD2 1GQ xxxxxxxx ## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (incorporating a consolidated income and expenditure account and statement of total recognised gains and losses) FOR THE YEAR ENDED 31 MARCH 2024** |Note
**Income:**
_Income from donations and_
_legacies:_
Donations
2
Legacies
Grants
3
_Income from other trading_
_activities:_
Retailing
4
Lottery
5
Fundraising events
Investment income
6
**Total income from generated**
**funds**
_Income from charitable_
_activities_
7
**Total Income**
**Expenditure:**
_Costs of raising funds:_
Expenditure on raising
donations and legacies
Expenditure on other
trading activities
Investment management
costs
**Total expenditure on raising**
**funds**
_Expenditure on charitable_
_activities:_
Inpatient care
Day care
Bereavement and family
support
Governance costs
**Total expenditure on charitable**
**activities**
**Total expenditure**
8
**Net income for year before**
**investment gains/(losses)**
**and Taxation**
11|**Unrestricted**
**Restricted**
**Endowment**
**Total**
**2023**
**£**
**£**
**£**
**£**
**£**
953,791
-
-
953,791
917,652
1,082,850
-
-
1,082,850
870,417
-
1,690,787
-
1,690,787
1,048,405| |---|---| ||2,036,641
1,690,787
-
3,727,428
2,836,474| ||2,017,743
-
-
2,017,743
1,720,605
174,644
-
-
174,644
175,174
577,020
-
-
577,020
534,532| ||2,769,407
-
-
2,769,407
2,430,311| ||423,034
-
-
423,034
161,670| ||**5,229,082**
**1,690,787**
**- 6,919,869**
**5,428,455**
1,377,772
-
-
1,377,772
1,450,104| ||**6,606,854**
**1,690,787**
**- 8,297,641**
**6,878,559**| ||1,039,423
4,947
-
1,044,370
929,313
1,734,513
18,804
-
1,753,317
1,511,194
4,585
-
-
4,585
3,215| ||**2,778,521**
**23,751**
**- 2,802,272**
**2,443,722**| ||3,117,359
304,497
-
3,421,856
3,175,670
241,753
35,923
-
277,676
254,254
32,817
-
-
32,817
32,781
9,908
-
-
9,908
9,040| ||**3,401,837 **
**340,420**
**-**
**3,742,257 **
**3,471,745**| ||| ||**6,180,358**
**364,171**
**- 6,544,529**
**5,915,467**| ||| ||**426,496**
**1,326,616**
**-**
**1,753,112**
**963,092**| ## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (including income and expenditure account and statement of total recognised gains and losses) FOR THE YEAR ENDED 31 MARCH 2024 (continued)** |Note
Tax charge for the year
12
Net gains/(losses) on
Investments
15
Net income for the year
Transfers between funds
18
**Reconciliation of funds**
Total funds brought
forward
**Total funds carried**
**forward**
18-21|**Unrestricted**
**Restricted**
**Endowment**
**Total**
**2023**
**£**
**£**
**£**
**£**
**£**
-
-
-
-
-
102,184
-
-
102,184
(95,207)| |---|---| ||**528,680**
**1,326,616**
**-**
**1,855,296**
**867,885**
-
-
-
-
-| ||**528,680**
**1,326,616**
**-**
**1,855,296**
**867,885**
9,134,305
2,785,903
85,000
12,005,208
11,137,323| ||**9,662,985**
**4,112,519**
**85,000 13,860,504**
**12,005,208**| There were no recognised gains or losses other than those shown above and there were no acquisitions or discontinued operations in either this or the preceding year. Under the provisions of Section 408, Companies Act 2006 a separate statement of financial activities for the parent company alone is not required. There were no movements on Endowment Funds during the year therefore no separate statutory summary income and expenditure account has been prepared. The notes on pages 40 to 55 form part of these financial statements. ## **CONSOLIDATED AND PARENT COMPANY BALANCE SHEETS AS AT 31 MARCH 2024** |Notes
**Fixed assets**
Tangible
13
Investment property
14
Investments
15
**Current assets**
Debtors
16
Cash at bank and in hand
Creditors: amounts
falling due within one
year
17
**Net current assets**
**Provision for Liabilities**
Deferred Taxation
**Net assets**
**Represented by Funds:**
**Restricted and**
**endowment**
Restricted
18
Permanent endowment
19
**Unrestricted**
20-21
General funds
Designated funds
Revaluation reserve
**Total funds**
22|**Group**
**Charity**
**2024**
**2023**
**2024**
**2023**
**£**
**£**
**£**
**£**
1,578,703
1,456,975
1,433,954
1,424,332
703,610
703,610
703,610
703,610
1,142,241
1,040,057
1,142,242
1,040,058| |---|---| ||**3,424,554**
**3,200,642**
**3,279,806**
**3,168,000**| ||820,057
1,001,317
1,070,112
1,164,739
10,074,123
8,265,596
9,894,402
8,072,867| ||**10,894,180**
**9,266,913**
**10,964,514**
**9,237,606**
(458,230)
(462,347)
(383,816)
(400,398)| ||**10,435,950**
**-**
**8,804,566**
**-**
**10,580,698**
**-**
**8,837,208**
**-**| ||**13,860,504**
**12,005,208**
**13,860,504**
**12,005,208**| ||4,112,519
2,785,903
4,112,519
2,785,903
85,000
85,000
85,000
85,000| ||**4,197,519**
**2,870,903**
**4,197,519**
**2,870,903**| ||2,391,675
2,341,049
2,391,675
2,341,049
7,149,444
6,773,574
7,149,444
6,773,574
121,866
19,682
121,866
19,682| ||**9,662,985**
**9,134,305**
**9,662,985**
**9,134,305**| ||**13,860,504**
**12,005,208**
**13,860,504**
**12,005,208**| ## **Company Registration No. 1510521** Approved by the trustees on xxxxxxx and signed on their behalf by: ## **Victoria Atkinson – Trustee and Treasurer** The notes on pages 40 to 55 form part of these financial statements. ## **CONSOLIDATED CASH FLOW STATEMENT AS AT 31 MARCH 2024** |**Reconciliation of net incoming resources to**
**operating cash flows**
Net incoming resources
for the year before investment gains/(losses)
Investment income
Investment management charges paid
Depreciation charge
Profit on disposal of fixed asset
Tax charge
Decrease/(Increase) in debtors
Increase/(Decrease) in creditors
**Net cash inflow from operating activities**
**Returns on investments**
Interest received
Dividends received
**Investing activities**
Payments to acquire tangible fixed assets
Payments to acquire new investment funds
Payments to acquire investment property
Proceeds on disposal of tangible fixed assets
**Net cash inflow/(outflow) for the year**
**Analysis of change in cash during the year**
**Short term deposits, cash and bank balances**
At 1 April 2023
Increase in balances
**At 31 March 2024**|
**£**
**391,284**
**31,750**|**2024**
**£**
**1,753,112**
**(423,034)**
**-**
**155,375**
**(2,188)**
**-**
**181,260**
**(4,117)**|
£
130,855
30,815|2023
£
963,092
(161,670)
3,795
116,890
(250)
-
440,875
46,137| |---|---|---|---|---| |||**1,660,408**
**423,034**
**(277,103)**
**-**
**-**
**2,188**||1,408,869
161,670
(126,115)
-
-
250| |||||| |||**1,808,527**||1,444,674| |||**2024**
£
**8,265,596**
**1,808,527**||2023
£
6,820,922
1,444,674| |||**10,074,123**||8,265,596| ## **1. Accounting Policies** The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: ## **(a) Basis of Preparation** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) – ( _Charities SORP (FRS 102)_ ), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The hospice meets the definition of a public entity under FRS 102. Assets and liabilities are initially recognized at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **(b) Legal status of the Charity** The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. At 31 March 2024 there were 14 members (2023: 12). ## **(c) Going concern** The trustees consider that there are no material uncertainties about Overgate Hospice’s ability to continue as a going concern. The most significant areas of adjustment and key assumptions that affect items in the accounts are to do with estimating legacies receivable in these accounts. With regard the following year, the most significant areas of uncertainty of the charity are the level of donation income which needs to be raised each and every year and is covered in more detail in the performance and risk sections of the trustees’ annual report. ## **(d) Group financial statements** The financial statements consolidate the results of the charity and its wholly owned subsidiary Overgate Hospice Support Ltd on a line-by-line basis. A separate Statement of Financial Activities and Income and Expenditure Account for the charity has not been presented because the charity has taken advantage of the exemption afforded by section 408 of the Companies Act 2006. ## **(e) Fund accounting** Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. The aim and purpose of each designated fund is set out in the notes to the financial statements. Restricted funds are donations where the donor has specified, they should only be used for particular areas of the hospice's work. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each material designated, and restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Endowment funds arise when the donor has expressly provided that the gift is to be invested and only the income of the fund may be spent. - **(f) Income** Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. Where income has related expenditure (as with fundraising or contract income), the income and related expenditure are reported gross in the Statement of Financial Activities. Donations, grants and gifts are recognised when receivable. In the event that a donation is subject to fulfilling performance conditions before the charity is entitled to the funds, the income is deferred and not recognised until it is probable that those conditions will be fulfilled in the reporting period. Income from Gift Aid tax reclaims is recognised for any donations with relevant Gift Aid certificates recognised in income for the year. Any amounts of Gift Aid not received by the year end are accounted for in income and accrued income in debtors. Income from NHS contracts, government and other grants, whether ‘capital’ grants or ‘revenue’ grants, are recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred. For legacies, entitlement is taken on a case-by-case basis as the earlier of the date on which: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably, and the charity has been notified of the executor’s intention to make a distribution. If the legacy is in the form of an asset other than cash or an asset listed on a recognised stock exchange, recognition is subject to the value of the asset being able to be reliably measured and title to the asset has passed to the charity. Where legacies have been notified to the charity or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material. Income received in advance for a future fundraising event or for a grant received relating to the following year are deferred until the criteria for income recognition are met. Interest on deposit funds held is included on an accruals basis provided that the amount can be measured reliably by the charity. Dividends are recognised upon notification by our investment advisor of the dividend yield of the investment portfolio. Sponsorship from events, fundraising and events registration fees are recognised in income when the event takes place. Lottery income is accounted for in respect of those draws that have taken place in the year. Trading income is recognised on point of sale for both donated and purchased goods. ## **(g) Donated goods and services** - Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the item is probable and that economic benefit can be measured reliably. ## **(h) Expenditure and irrecoverable VAT** Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual basis. Expenditure on charitable activities includes the costs of providing specialist palliative care and support undertaken to further the purposes of the charity and their associated support costs. Support costs comprise those costs which are incurred directly in support of expenditure on the objects of the charity and include governance cost, finance, and office costs. Governance costs are those costs incurred in connection with the compliance with constitutional and statutory requirements of the charity. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. ## **(h) Expenditure and irrecoverable VAT (continued)** Support costs are allocated to each of the activities to best allocate the costs to each attributable heading. More detail on the analysis and basis of allocation is given in note 9 to the financial statements. ## **(i) Volunteers** The value of the services provided by volunteers is not incorporated into these financial statements. Further details of their contribution is provided in the Trustees report. ## **(j) Fixed assets** Depreciation is provided to write off the cost or revalued amount, less an estimated residual value, of all fixed assets evenly over their expected economic useful lives on a straight-line basis as follows: Freehold property 2% per annum Leasehold improvements over term of lease Equipment 10% and 20% per annum Motor vehicles 25% per annum The need for any impairment of a fixed asset write-down is considered if there is concern over the carrying value of an asset and is assessed by comparing that carrying value against the value in use or realisable value of the asset when appropriate ## **(k)** ## **Investments** Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price, except for the shares in the trading subsidiary which are carried at cost. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year. All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities. The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors. ## **(l)** ## **Stock** Donated items of stock for resale or distribution are not included in the financial statements until they are sold or distributed because the Trustees consider it impractical to be able to assess the number of donated stocks as there are no systems in place which record these items until they are sold. Stocks of bought in retail goods for resale are not included as there are no perpetual stock records and undertaking a stock take would incur undue cost for the charity which far outweigh the benefits. ## **(m) Debtors** Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date. ## **(n) Short term deposits** Short term deposits are short term highly liquid investments with a maturity of three months or more from the date of acquisition or opening of the deposit or similar account. ## **(o) Cash at bank and in hand** Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **(p) Creditors** Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. ## **(q) Financial instruments** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **(r) Pensions** ## **NHS Pension Scheme** Employees who join Overgate Hospice who are currently contributing to an NHS pension scheme and who are eligible to remain in their scheme as per their offer letter, are entitled to remain members of that scheme which provides benefits based on final pensionable pay. The NHS Pension Scheme is an unfunded, defined benefit scheme that covers NHS employers, General Practices and other bodies, allowed under the direction of Secretary of State, in England and Wales. Consequently, it is not possible to identify the Hospice’s share of the underlying scheme liabilities. Therefore, the scheme is accounted for as a defined contribution scheme and the cost of the scheme is equal to the contributions payable to the scheme for the accounting period. Employers’ pension costs contributions are charged to operating expenses as and when they become due. Employer contribution rates are reviewed every four years following a scheme valuation carried out by the Government Actuary. On advice from the actuary the contribution may be varied from time to time to reflect changes in the scheme’s liabilities. The last valuation on which contribution rates were based (31 March 2016) was published on 15 February 2019 and noted a notional deficiency of £19.4bn (7.0% of notional fund valuation). The recommendation of the Government Actuary was that employer contribution rates would be increased to 20.6% of pensionable pay from 1 April 2019. The next full actuarial valuation to be used for funding purposes will be as at 31 March 2020 which is expected to be completed in Autumn 2023. The charity has received confirmation that for 2022-23 the additional NHS Pension costs will continue to be applied to the pension fund centrally by NHS England. They have committed that the additional funding will recur annually until 31st March 2024 but the payment arrangements for these subsequent years is yet to be agreed ## **Royal London Pension Scheme** Other employees are entitled to join a defined contribution ‘money purchase’ scheme. The costs of the defined contribution scheme are included with the associated staff costs and allocated therefore to raising funds, charitable activities, support and governance costs and charged to the unrestricted funds of the charity. The money purchase plan is managed by Royal London and the plan invests the contributions made by the employee and employer in an investment fund to build up over the term of the plan. The pension fund is then converted into a pension upon the employee’s normal retirement age which is defined as when they are eligible for a state pension. The expenses of the plan are deducted from the investment fund annually. The charity has no liability beyond making its contributions and paying across the deductions for the employee’s contributions. ## **(s) Operating leases** Operating leases are recognised over the period of which the lease falls due. Any benefit receivable as an incentive to sign an operating lease is recognised on a straight-line basis over the period of the lease. ## **(t) Investment property** Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the statement of financial activities. ## **(u) Taxation** The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **2. Donations** ## **3.** |**Donations**||| |---|---|---| ||**2024**|2023| ||**£**|£| |General|**485,340**|427,951| |In memoriam|**143,047**|180,606| |Event participant sponsorship|**134,906**|103,265| |Corporate support|**136,698**|140,340| |Collecting boxes|**29,691**|25,245| |Friends groups including choir (see analysis)|**24,109**|40,245| ||**953,791**|917,652| ||**2024**|2023| ||**£**|£| |Gift Aid included in above total donations|**249,238**|171,754| ||**2024**|2023| ||**£**|£| |Friends Groups|**13,484**|25,390| |Overgate Choir|**10,625**|14,855| ||**24,109**|40,245| |**Grants received**||| ||**2024**|2023| ||**£**|£| |Unrestricted funds:||| |General purpose grants|**-**|23,000| ||**-**|23,000| |Restricted funds:||| |Capital Appeal for Redevelopment|**1,386,936**|775,295| |End of Life Education|**98,868**|97,478| |Estates Capex|**21,848**|32,508| |Estates Expenditure|**5,152**|79,770| |Staff Education|**-**|120| |Community Hub Project|**18,157**|2,990| |Medical Equipment|**42,396**|6,715| |Other|**117,430**|30,529| ||**1,690,787 **|1,025,405| |**Total**|**1,690,787**|1,048,405| ## **4. Retailing** |**2024**
**£**
Income from sale of goods
**1,904,572**
Recycling credits
**113,171**
Insurance claims
**-**
Total income derived from retailing
**2,017,743**
Direct cost of sales
**50,205**
Staff costs
**996,667**
Other staff and volunteer costs
**1,537**
Property costs
**275,274**
Motor running
**25,440**
Till and IT costs
**28,784**
Other costs
**-**
Total expenditure
**1,377,907**
Net profit(loss) arising from retail activities
Gift Aid recoverable
**639,836**
**146,941**
Grant income
**-**
Shop event income
Other Income
**20,237**
**37,482 **
Total net income arising through retail activities
**844,496**
Number of shops
**16**
All shop income in both the current and previous year relates to unrestricted funds.
**5.**
**Lottery**
**2024**
**£**
Income from lottery sales
**174,644**
Prize money
**(52,000)**
Other lottery costs
**(20,999)**
Net profit arising from lottery
**101,645**
Donations through lottery
**-**
Total net income arising through lottery operations
**101,645**
**6.**
**Investment income**
**2024**
**£**
Income from listed investments
**31,750**
Bank interest
**391,284**
**423,034**|2023
£
1,627,578
91,728
1,299| |---|---| ||1,720,605| ||45,447
826,642
4,890
242,146
26,161
22,825
75,014| ||1,243,125| ||477,480
109,496
-
18,360
52,448| ||657,784| ||14| ||2023
£
175,174
(53,000)
(19,848)| ||102,326
55| ||102,381| ||2023
£
30,815
130,855| ||161,670| ## **7. Income from charitable activities** |**come from charitable activities**||| |---|---|---| |Hospice funding
Canteen
VAT Refund Scheme
Sundry Income|Government
funding
Other
funding
**Total**
**2024**
£
£
**£**
1,115,036
-
**1,115,036**
-
41,637
**41,637**
80,199
-
-
140,900
**80,199**
**140,900**
1,195,235
182,537
**1,377,772**|Total
2023
£
1,071,120
35,374
82,925
260,685| |||1,450,104| ## **8. Analysis of resource expended** |**alysis of resource expended**||||| |---|---|---|---|---| |||**Support**||| ||**Direct**|**costs**|**Total**|Total| ||**costs**|**(note 9)**|**2024**|2023| ||£|£|**£**|£| |Cost of generating voluntary income|891,162|153,208|1,044,370|929,313| |Fundraising trading costs|1,136,161|617,156|1,753,317|1,511,194| |Investment management costs|4,585|-|4,585|3,215| |**Cost of generating funds**|**2,031,908**|**770,364**|**2,802,272**|**2,443,722**| |Inpatient care|2,760,973|660,883|3,421,856|3,175,670| |Day care|235,038|42,638|277,676|254,254| |Bereavement and family support|25,711|7,106|32,817|32,781| |**Charitable activities**|**3,021,722**|**710,627**|**3,732,349**|**3,462,705**| |**Governance costs**|**-**|**9,908**|**9,908**|**9,040**| |**Total**|**5,053,630**|**1,490,899**|**6,544,529**|**5,915,467**| ## **9. Analysis of support costs** |**alysis of support costs**|| |---|---| |Cost of generating voluntary
income
Fundraising trading:
Costs of goods sold and other
costs
**Cost of generating funds**
**Charitable services**
**Governance costs**
**Total**|**Establish-**
**ment,**
**light and**
**heat**
**Manage-**
**ment &**
**IT**
**Other**
**costs**
**Total**
**2024**
Total
2023
**£**
**£**
**£**
**£**
£
59,980
25,483
67,745
**153,208**
150,295
345,730
28,784
242,642
**617,156**
551,166| ||405,710
54,267
310,387
**770,364**
701,461
292,837
124,419
293,371
**710,627**
704,772
-
-
9,908
**9,908**
9,040| ||**698,547**
**178,686**
**613,666**
**1,490,899**
1,415,273| ## **10. Wages and Salaries** |Wages and salaries
Employer’s national insurance
Pension costs
_Employee costs_
_Other:_
Medical Consultant|**2024**
**£**
**4,119,538**
**336,180**
**249,080**
**4,704,798**
**143,784**
**4,848,582**|2023
£
3,682,243
305,824
225,678| |---|---|---| |||4,213,745| |||163,999| |||4,377,744| The average monthly head count of payroll employees (excluding temporary employed staff) in the year was 172 (2023: 156). As of 31 March 2024, there were 22 (2023: 28) bank staff being utilised. The number of employees whose remuneration exceeded £60,000 (excluding employer pension contributions and employers’ national insurance) and fell into the band between £70,000 and £79,999 during the year was 1 (2023: 1). Employer pension cost payments in the year in respect of employees earning above £60,000 was £11,136 (2023: £11,981). The trustees received no remuneration or other financial benefit for their services during the year (2023: £nil). Insurance cover is provided through a trustee indemnity insurance policy. The Hospice consider that the key group management personnel comprise the trustees and the directly employed members of the senior management team comprising the Chief Executive and 3 (2023: 3) other employees. The total gross remuneration of those remunerated members of the senior management team was £296,952 (2023: £283,742) and the total of employer pension contributions paid was £29,937 (2023: £29,226). The total cost of those employed members of the senior management team was therefore £362,702 (2023: £349,148). A further member of the senior management team is the Medical Consultant and the costs charged to the Hospice for the services provided are shown above. ## **10. Wages and Salaries (continued)** |Functional analysis of the average numbers of employees of the group:
**2024**
**2024**
**Actual**
**number**
**Full time**
**equivalent**
Direct charitable services
**15**
**13**
Fundraising
**81**
**57**
Governance
**75**
**58**
Administrative services
**1**
**1**
**Total**
**172**
**129**
Retail staff included in fundraising
**49**
**37**|2023
2023
Actual
number
Full time
equivalent
78
54
64
51
1
1
13
11| |---|---| ||156
117| ||40
32| ## **11. Net incoming resources** Net incoming resources before investment gains/(losses) is stated after charging: ||**2024**|2023| |---|---|---| ||**£**|£| |Depreciation|**155,375**|116,890| |Auditors’ remuneration:||| |- For audit services|**9,908**|9,040| |- For other services|**-**|-| |Operating lease rentals – retail properties|**206,639**|179,728| ## **12. Taxation** The company is a registered charity and as such is exempt from taxation on its income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that its income and gains are applied for charitable purposes. The profits of the trading subsidiary are donated to the Hospice in full. Taxation has arisen due to differences in the tax and accounting treatment of assets in the subsidiary only. Analysis of tax charge The tax charge on the profit of the group for the year was as follows: |Current tax:
UK corporation tax
Deferred tax
**At 31 March 2024**|**2024**
**£**
-
-
**-**|**2023**
**£**
-
-| |---|---|---| |||**-**| ## **13. Tangible fixed assets** ## **a) Group** |**Freehold**
**property**
**Leasehold**
**property**
**improvements**
**Medical**
**and other**
**equipment**
**Motor**
**vehicles**
**Total**
**£**
**£**
**£**
**£**
**£**
2,706,169
21,263
889,980
23,750
3,641,162
-
33,486
138,921
107,509
279,916
-
-
-
(9,000)
(9,000)|**Freehold**
**property**
**Leasehold**
**property**
**improvements**
**Medical**
**and other**
**equipment**
**Motor**
**vehicles**
**Total**
**£**
**£**
**£**
**£**
**£**
2,706,169
21,263
889,980
23,750
3,641,162
-
33,486
138,921
107,509
279,916
-
-
-
(9,000)
(9,000)| |---|---| |**2,706,169**
**54,749**
**1,028,901**
**122,259 3,912,078**|| |1,488,345
21,263
664,845
9,734
2,184,187
50,562
2,126
76,456
26,231
155,375
-
-
-
(6,187)
(6,187)|| |**1,538,907**
**23,389**
**741,301**
**29,778 2,333,375**|| |**1,167,262**
**31,360**
**287,600**
**92,481 1,578,703**|| |1,217,824|-
225,135
14,016
1,456,975| ||**Freehold**
**property**
**Medical**
**and other**
**equipment**
**Total**
**£**
**£**
**£**
2,706,169
851,471
3,557,640
-
129,447
129,447
-
-
-| ||**2,706,169**
**980,918**
**3,687,087**| ||1,488,345
644,963
2,133,308
50,562
69,263
119,825
-
-
-| ||**1,538,907**
**714,226**
**2,253,133**| ||**1,167,262**
**266,692**
**1,433,954**| ## **14. Investment property** |**Cost or valuation**
At 1 April 2023
Additions
**At 31 March 2024**
**Net book value**
**31 March 2024**
31 March 2023
**Valuation at 31 March 2024**|**Group**
**£**
703,610
-
**703,610**
**703,610**
703,610
**703,610**|**Charity**
**£**
703,610
-| |---|---|---| |||**703,610**| |||**703,610**| |||703,610| |||**703,610**| The investment property is the next-door property which has been purchased for the sole purpose of using the site for future redevelopment of the Hospice, to update the existing inpatient services and to continue to provide services into the 21st century. ## **15. Investments** a) |Investment held with CCLA:
At 1 April 2023
New funds added
Withdrawal of funds
Net gains on disposals
Net gains on revaluation
Investment management charges paid
**At 31 March 2024**
b)
Analysis of investments
Managed listed investments and authorised unit trusts
Cash held as part of the investment portfolio
Total Group
Investment in subsidiary
Total Charity||**Group**
**£**
1,040,057
-
-
-
102,184
-
**1,142,241**
**2024**
**£**
1,142,241
-
**1,142,241**
1
**1,142,242**|**Charity**
**£**
1,040,057
-
-
-
102,184
-| |---|---|---|---| ||||**1,142,241**| ||||2023
£
1,040,057| ||||**1,040,057**
1| ||||**1,040,058**| Investments in equities and fixed interest securities are all traded in quoted public markets, primarily the London Stock Exchange and are carried at fair value which is equivalent to market value using bid price. Historical cost of the investments excluding cash and subsidiary is £1,020,374 (2023: £1,020,374). Investment risks are mitigated by retaining expert advisors and an investment policy that provides for a high degree of diversification of holdings within asset classes that are quoted on recognised stock exchanges. No use is made of derivatives and similar complex financial instruments as the view is taken that investments are held for longer term yield and historic studies of quoted financial instruments have shown that volatility in any five-year period will normally be corrected. ## c) Trading subsidiary The hospice has a wholly owned subsidiary, Overgate Hospice Support Ltd, whose main purpose is to sell goods to raise funds for the charity. The summarised accounts of the subsidiary are as follows: |**Subsidiary’s profit and loss account**
Turnover
Cost of sales
Gross profit
Operating expenses
Grants received
Operating profit before charitable donations
Taxation
Gift Aid donation to hospice
Retained profit/(loss) for the year
**Subsidiary’s balance sheet**
Fixed assets
Current assets
Current liabilities
Provision for liabilities
Total assets less (liabilities)
Represented by:
Capital
Reserves||**2024**
**£**
2,394,859
(1,134,624)
1,260,235
(501,844)
18,804
777,195
-
(777,195)
**-**
**2024**
**£**
**144,749**
**331,405**
**(476,153)**
**-**
**1**
**1**
**-**
**1**|2023
£
2,075,889
(951,661)| |---|---|---|---| ||||1,124,228
(436,062)
-| ||||688,166
-
(688,166)| ||||-| ||||2023
£
32,643
305,273
(337,915)
-
1
1
-
1| ## **16. Debtors** |
Trade debtors
Group debtors
Other debtors
Taxation recoverable
Legacies receivable
Prepayments and other accrued income|**Group**
**Charity**
**2024**
2023
**2024**
2023
**£**
£
**£**
£
**73,547**
134,140
**73,547**
134,140
**-**
-
**401,740**
275,966
**4,928**
28,631
**19,000**
-
**40,260**
41,890
**30,000**
33,000
**60,500**
457,000
**60,500**
457,000
**640,822**
339,656
**485,325**
264,633| |---|---| ||**820,057**
1,001,317
**1,070,112**
1,164,739| ## **17. Creditors: amounts falling due within one year** |
Trade creditors
Other taxation and social security
Sundry creditors and deferred income|**Group**
**Charity**
**2024**
2023
**2024**
2023
**£**
£
**£**
£
**80,277**
72,864
**56,552**
55,463
**79,427**
74,869
**79,427**
74,869
**298,526**
314,614
**247,837**
270,066| |---|---| ||**458,230**
462,347
**383,816**
400,398| ## **18. Restricted funds** |**Group and Charity:**
**Funding for capital asset**
**acquisitions:**
Property Redevelopment
DoH – Holistic Funding
Medical Equipment and Chairs
Kitchen
IT Equipment
Staff Portacabin
Big Build Hub
Estates Capex
Capital Redevelopment Costs
**Funding of revenue costs:**
Capital Appeal Funds
End of Life Educator
Staff Training
Patient Care and Others
Community Engagement
Project
Community Hub Project
Education Programme
Wish List Items
Estates Expenditure|**At**
**1 April**
**2023**
**Income**
**Expenditure**
**Transfers**
**At**
**31 March**
**2024**
**£**
**£**
**£**
**£**
**£**
659,408
-
(34,733)
-
**624,675**
70,197
-
(1,897)
-
**68,300**
72,623
42,396
(21,932)
3,759
**96,846**
606
1,464
(1,216)
-
**854**
11,890
-
(4,342)
-
**7,548**
10,238
-
(1,148)
3,852
**12,942**
95,160
-
(3,413)
-
**91,747**
103,303
21,848
(20,114)
-
**105,037**
-
-
-
215,756
**215,756**
1,444,937
1,386,936
(13,081)
(215,756)
**2,603,036**
-
98,868
(76,212)
(22,656)
**-**
2,622
-
(793)
1,656
**3,485**
39,137
93,730
(41,581)
(3,669)
**87,617**
38,294
-
(29,517)
-
**8,777**
72,285
18,157
(48,301)
-
**42,141**
108,540
-
(37,385)
-
**71,155**
56,663
3,431
(8,401)
20,910
**72,603**
-
5,152
(1,300)
(3,852)
**-**| |---|---| ||2,785,903
1,671,982
(345,366)
-
**4,112,519**| Restricted fund balance carried forward at 31 March 2024 is represented by |Unexpended capital funding
Unexpended revenue funding|**£**
**1,223,705**
**2,888,814**| |---|---| ||**4,112,519**| ## **19. Endowment funds** |**At 1 April 2023 and 31 March 2024:**
1981 Property Fund
Halifax District Nursing Charity Fund|**£**
70,000
15,000| |---|---| ||**85,000**| ## **20. Unrestricted funds** ||**At**||||**At**| |---|---|---|---|---|---| ||**1 April**|**Income**|**Expenditure**|**Transfers**|**31 March**| ||**2023**||||**2024**| ||**£**|**£**|**£**|**£**|**£**| |**Group:**|||||| |**General fund**|2,341,049|5,436,739|(4,908,060)|(478,053)|**2,391,675**| |**Designated fund**|6,773,574|92,540|(92,539)|375,869|**7,149,444**| |**Revaluation reserve**|19,682|-|-|102,184|**121,866**| ||9,134,305|5,529,279|(5,000,599)|-|**9,662,985**| |**Charity:**|||||| |**General fund**|2,341,049|5,436,739|(4,908,060)|(478,053)|**2,391,675**| |**Designated fund**|6,773,574|92,540|(92,539)|375,869|**7,149,444**| |**Revaluation reserve**|19,682|-|-|102,184|**121,866**| ||9,134,305|5,529,279|(5,000,599)|-|**9,662,985**| The remaining value in General Funds is equivalent to the value calculated under the revised Reserves Policy plus the value of tangible fixed assets that are not covered by a restricted fund or endowment. This is the value required to minimise risk and safeguard the long-term future of the Hospice. (2024: £2,085,300 and 2023: £1,977,500) ## **21. Designated funds** |Group and Charity:
**Funding of capital asset**
**acquisitions:**
Capital Redevelopment Fund
IT & Digital Strategy Project
Repurposing Reserve
New Build Contingency Fund
**Funding of revenue items:**
Capital Redevelopment Fund
IT & Digital Strategy Account
5 Year Strategic Investment
Fund
Rebranding Reserve
Remuneration Reserve|**At**
**1 April 2023**
Designation
Expenditure
Transfers
**At**
**31 March 2024**
**£**
£
£
£
**£**
5,913,365
-
-
(1,039,371)
**4,873,994**
29,006
-
(9,236)
13,641
**33,411**
-
-
-
150,000
**150,000**
-
-
-
1,000,000
**1,000,000**
-
-
(39,371)
39,371
**-**
581,203
-
(25,523)
(13,641)
**542,039**
250,000
-
-
(150,000)
**100,000**
-
250,000
**250,000**
-
200,000
**200,000**| |---|---| ||6,773,574
450,000
(74,130)
-
**7,149,444**| ## **Designated Funds** **1. Capital Redevelopment Fund** – This is to support the startup of the Capital Redevelopment project. **2. IT & Digital Strategy** – An estimate has been placed on the value required to address the future needs of the Hospice and be able to improve the support we provide to our patients and their families. **3. 5 Year Strategic Investment Fund** – This is to support additional costs associated with the implementation of the 5-year strategic plan. **4. Repurposing Reserve -** To effectively utilise and tidy those areas vacated as part of the new build development. **5. New Build Contingency Fund** - A decision was made at the CRSC meeting on 11 November to ring fence £1m of the designated Capital Redevelopment Fund as a contingency. **6. Rebranding Reserve** – The services and aesthetics of the new build will drive an organisational rebrand to ensure that the Hospice is physically presented as an appealing and professional operation and an aspirational example for the sector. **7. Remuneration Reserve** – A specific reserve to support our desire to be a fair and appealing employer and to ensure that whilst our salaries will never be on par with the commercial sector, we can offer our staff the package, environment, care, training and progression that they deserve. **22. Net assets by funds** |Investments
Investment Property
Tangible fixed assets
Current assets
Creditors due in less than one year
Provision for liabilities
**Total at 31 March 2024**|**Unrestricted**
**Restricted**
**Endowment**
**Total**
**£**
**£**
**£**
**£**
1,142,241
-
-
**1,142,241**
703,610
-
-
**703,610**
284,998
1,223,705
70,000
**1,578,703**
7,990,366
2,888,814
15,000
**10,894,180**
(458,230)
-
-
-
-
-
**(458,230)**
**-**| |---|---| ||**9,662,985**
**4,112,519**
**85,000**
**13,860,504**| ## **23. Financial performance of the Hospice** The consolidated statement of financial activities includes the results of the wholly owned trading subsidiary and no separate statement of financial activities or income, and expenditure account has been shown for the Charity alone as permitted by section 408 of the Companies Act 2006 and paragraph 397 of the Charities SORP. The summarised results of the charity for the year are as follows: |External income
Expenditure
Surplus/(deficit) before other income
Donation from trading subsidiary
Surplus for the year before investment gains and losses
(Loss)/profit on sale of investments
Unrealised investment gains/(losses)
Total increase in reserves|**2024**
**£**
**4,557,360**
**(4,908,061)**
**(350,701)**
**777,195**
**426,494**
**-**
**102,184**
**528,678**|2023
£
4,323,270
(4,527,745)| |---|---|---| |||(204,475)
688,166| |||483,691
(114,889)
19,682| |||388,484| Total increase in reserves above does not include the increase in restricted funds during the year. ## **24. Operating Lease Commitments** Group annual commitments under non-cancellable operating leases are as follows: |Expiry date:
Within one year
Between two and five years
In more than five years|**2024**
**£**
**150,644**
**141,595**
**-**
**292,239**|2023
£
277,644
122,410
-| |---|---|---| |||400,054| ## **25. Controlling Interest** Overgate Hospice is managed by the Board of Directors, the members of which are the trustees of the charity. ## **OVERGATE HOSPICE (a company limited by guarantee)** **The following pages do not form part of the audited financial statements:** ## **OVERGATE HOSPICE (a company limited by guarantee)** ## **DETAILED INCOME AND EXPENDITURE ACCOUNT for the year ended 31 March 2024** |**Income**
Legacies and bequests
Donations in lieu of flowers
Other fortuitous giving
Gift aid
Patient care
Fund raising, other donations and sundry income
Retail shop operations incl. recycling credits
Catering
Calderdale CCG grant
Restricted grants released to match costs in year
Other grant income
VAT refund scheme
Friends of Overgate and Overgate Choir
Overgate Hospice lottery
Sundry Income
Investment portfolio income
Bank interest
Income sub-total
**Operating expenditure**
Donation to Overgate Hospice
**Net income before investment gains/(losses)**
Gain/(Loss) on realised investments
Unrealised investment gain/(loss)
**Net income for the year before taxation**
Net income for the year before taxation as
above
Excess of restricted grant income received in the
year over expenses
Increase in Net Assets in year||**2024**|**Total**
**£**
1,082,850
-
545,537
249,238
13,524
711,926
2,017,743
41,637
1,115,036
345,366
18,804
80,199
24,109
174,644
127,376
6,547,989
31,750
391,284
423,034
6,971,023
(6,544,529)
-
426,494
-
102,184
528,678|2023
Total
£
870,416
180,606
421,784
171,754
7,729
637,796
1,719,306
35,374
1,071,120
546,004
23,000
82,925
40,245
175,174
254,255| |---|---|---|---|---| ||**Charity**
**£**
1,082,850
-
545,537
102,297
13,524
691,689
-
41,637
1,115,036
345,366
-
80,199
24,109
-
92,082
4,134,326
31,750
391,284
423,034
4,557,360
(4,908,061)
777,195
426,494
-
102,184
528,678
528,678
1,326,616
1,855,294|**Subsidiary**
**£**
-
-
-
146,941
-
20,237
2,017,743
-
-
-
18,804
-
-
174,644
35,294
2,413,663
-
-
-
2,413,663
(1,636,468)
(777,195)
-
-
-
-||| |||||6,237,488| |||||30,815
130,855| |||||161,670| |||||6,399,158
(5,915,467)
-| |||||483,691
(114,889)
19,682| |||||388,484| |||||| ## **OVERGATE HOSPICE (a company limited by guarantee)** ## **DETAILED INCOME AND EXPENDITURE ACCOUNT (continued) for the year ended 31 March 2024** |**Expenditure**
**Care expenses**
Staff costs and Doctors fees
Catering
Sundry nursing and medical expenses
Travel expenses
Cleaning and laundry
Depreciation
**Hospice establishment expenses**
Staff costs
Heating and lighting
Council tax, water charges and insurance
Repairs and maintenance
Recruitment and training
Depreciation
**Fund raising and publicity**
Staff costs
Recruitment and training
Expenses, event and other costs
Retailing costs
Shop rent, rates, light, heat and Insurance
Shop repairs and maintenance
Overgate Hospice lottery
Cash collection handling charges
Depreciation
**Administrative expenses**
Staff costs
General recruitment, training and staff benefits
Postage, printing and stationery
Telephone
HR, investment and legal
IT costs
Sundry expenses
Subscriptions
Auditors’ remuneration
(Profit) Loss on disposal of fixed asset
Depreciation
**Total expenditure**||**2024**|**Total**
**£**
2,763,955
68,809
131,839
4,586
14,754
37,779
3,021,722
111,933
45,905
40,017
87,304
20,792
46,866
352,817
1,645,048
2,919
242,531
63,826
275,274
70,456
72,999
50,279
35,550
2,458,882
327,646
52,408
52,549
12,594
20,439
178,686
10,722
13,164
9,908
(2,188)
35,180
711,108
6,544,529|2023
Total
£
2,552,524
52,820
115,181
2,291
11,330
23,787| |---|---|---|---|---| ||**Charity**
**£**
2,763,955
68,809
131,839
4,586
14,754
37,779
3,021,722
111,933
45,905
40,017
87,304
20,792
46,866
352,817
648,381
1,382
241,399
-
-
-
-
7,865
-
899,027
327,646
26,968
42,165
9,326
20,384
149,902
7,553
9,851
5,520
-
35,180
634,495
4,908,061|**Subsidiary**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
996,667
1,537
1,132
63,826
275,274
70,456
72,999
42,414
35,550
1,559,855
-
25,440
10,384
3,268
55
28,784
3,169
3,313
4,388
(2,188)
-
76,613
1,636,468||| |||||2,757,933| |||||89,183
41,899
38,774
125,489
17,901
50,562| |||||363,808| |||||1,395,659
8,953
206,225
51,884
242,147
65,561
72,848
44,294
10,378| |||||2,097,949| |||||340,378
55,933
45,590
11,193
25,136
155,656
9,319
11,619
9,040
(250)
32,163| |||||695,777| |||||| |||||5,915,467|