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← Martin House

2025-04-30-accounts

Docusign Envelope ID: OFOE4FE7-71E3-4600-8BB6-OF F6B8D165D3

Directors’ report and consolidatedfinancial statements

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Hi SN A25 23/12/2025 #305 COMPANIES HOUSE

Company registered number 02016332 / For the year ended 30 April 2025

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Martin House (Limited by Guarantee) Trustees’ report and financial statements For the the year ended 30 April 2025

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||||||||| |---|---|---|---|---|---|---|---| |,|For the the|year|ended|30|April|2025| |Contents| |Chair's|Overview|3| |Trustees’|Report|4| |Statement|of Trustees'|Responsibilities|18| |Independent|Auditor's|Report|to the|Members|of Martin|House|19| |Consolidated|Statement|of|Financial|Activities|23| |Balance Sheets|;|24| |Consolidated|Cash|Flow|Statement|25| |Notes to the|Financial|Statements|26|

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: Charity registration number 517919 / For the year ended 30 April 2025

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Martin House (Limited by Guarantee) Trustees’ report and financial statements 30 April 2025

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Chair’s Overview

‘You all exemplify the meaning of compassion, kindness and humility.’

Bereaved Martin House Parent

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~ Thisin’1987.yearWehasremainbeen oneresoluteof transformationalin our Mission changeto help childrenat MartinandHouse, youngthepeoplemost withsignificantlife-limitingsince weconditions,opened along with their families, to live well and fully, offering the best possible end-of-life care and support to the family in bereavement. We have had an unprecedented increase in new referrals (221) and growth in the delivery of care within the community outside the hospice itself. We remain bound to our vision, that every child and young person has access to palliative care when and where they need it, but know we are not reaching all who need it.

Our ambitious Build project is central to achieving that as we grow our capacity to support families and transform our environment and facilities to meet the increasingly complex needs of[the][babies,][children][and] young people that we support. Within the last year we completed the first of two phases in the £21.9m project, opening the new nine-bedded children’s wing with ensuite bedrooms, tracking hoists and piped oxygen, alongside a raft of communal facilities that allow a truly holistic approach to care and support for the entire family.

As well as completing Phase 1 the hospice has continued to operate alongside a live building site and this year work has commenced on Phase 2, due for completion in Spring 2026. Phase 2 will create new facilities, including a hydrotherapy pool and an Education Centre. The pool will give many families the chance to swim together for the first time, whilst providing relief, freedom and joy to our children and young people. Martin House has always been a pioneer in the world of children’s hospice care. The Education Centre will enable us to help a wider population well beyond the areas that we directly serve in East, West and North Yorkshire.

A project on this scale brings challenges, including maintaining service delivery, impact on the workforce and on income generation. Despite these challenges, improvements have been made across all departments with digital advancements and equality, diversity and inclusion work taking centre stage.

The economic and political landscape has remained challenging for generating income, but our fundraising and retail teams have performed exceptionally well, with the added financial pressure of the Build project. The overall result showing in the accounts for the year is a surplus of £6.5m with the Build capital appeal raising more than £5.7m towards our £12m target.

Our financial position has been managed carefully for over 38 years, setting aside funds for the renewal and rebuilding of Martin House. We believe that that strategy is a good and appropriate use of our reserves. We are confident that we will remain financially sustainable and able to support children and families in the longer term.

We know that the demand for our services continues to grow, as more children live longer and with more complex conditions. We have an exceptional team of staff and volunteers who are there for families intheir time of greatest need, and we continue to be inspired by our committed supporters who make everything we do possible. | am immensely grateful to all our staff, volunteers and supporters who combine to make possible the fantastic work done at Martin House.

Charity registration number 517919 / Company registration number 02016332

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Martin House (Limited by Guarantee) Trustees’ report and financial statements 30 April 2025

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Trustees' Report

The Trustees, who also act as Directors for the purposes of company law, present their annual report and the audited financial statements for the year ended 30 April 2025.

OBJECTIVES AND ACTIVITIES

The mission of Martin House is to help children and young people with a life-limiting condition, along with their families, to live well and fully, offeringthe best possible end of life care and support to the family in bereavement.

Our vision is that every child and young person has access to palliative care when and where they need it.

Our core values, which guide all we do, are:

All our services are free of charge to the families we care for. The Charity Commission's general guidance on public benefit is taken into consideration in all our reviews and plans.

Strategic Aims

Our key strategic aims are to:

Our current strategic objectives are set outinour Strategic Plan 2024-27.

Our achievements and performance against our 2024/25 objectives are set out in the Strategic Report, below.

In Autumn 2023, Martin House started our most ambitious project, named "The Build”. By early 2026, our 38-year-old facilities will be extensively improved and transformed to meet the changing needs of our increasingly complex service users. The Build is a £21.9 million project, which includes a brand-new children's wing, which opened in Spring 2025, with larger, ensuite bedrooms to accommodate sizable pieces of medical equipment, with integrated hoisting, piped oxygen and themed family bedrooms. Phase 2 of the project is well underway and will include a large hydrotherapy pool, a new Education Centre, a comprehensive refurbishment of existing buildings to form a Wellbeing Wing and updated young people's bedrooms and social spaces in the Teenage Wing. The year 2024/25 has seen great progress towards the significant capital appeal fundraising target which is vital for The Build's ambitious plans to be realised. The surplus result for the year is almost entirely as a result of the success of the appeal for this project.

Charity registration number 517919 / Company registration number 02016332

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Martin House (Limited by Guarantee) Trustees’ report and financial statements 30 April 2025

. 30 April 2025 ‘ Activities To achieve our objectives, we deliver high-quality, holistic and specialist palliative care services for children and young people with life-limiting conditions, and their families, from diagnosis to death and beyond. These include:

Most of these services are delivered from a purpose-built hospice set in six acres of beautiful grounds in Boston Spa, near Wetherby in West Yorkshire. The hospice, the second children's hospice in the UK at the time, was opened in 1987. Since then, it has developed continuously in order to meet the changing needs and expectations of the children, young people and their families who use our services.

The hospice has 15 bedrooms overall; 9 beds in the House, which cares for younger children, and 6 beds in Whitby Lodge, which cares for teenagers (from age 13) and young adults up to 25. This was the first purpose-built teenage and young adult unit in the UK (possibly the world) when it was built in 2002. in addition, there are 7 parent bedrooms and two family rooms where parents and siblings can stay. There are also 2 cooled bedrooms where children and young people can stay for around 5 days after death. Other facilities include a quiet garden room called The Sanctuary for reflection and prayer, sensory room, playroom, teenage and young adult recreation area (the Den), recording studio, art room, music room, education/seminar room and outdoor play areas.

Children and young people can be referred, or self-refer, to Martin House at any point from diagnosis, between the ages of 0-19, if they have a life-limiting condition and live in East, North or West Yorkshire. Children's palliative care encompasses the whole family and continues throughout the life of the child or young person, and beyond for their family.

STRATEGIC REPORT

Achievements and Performance

Palliative Care

During the year to 30 April 2025:

Referrals are reviewed, using clear criteria and decisions are made during a weekly multi-disciplinary panel. Decisions to not accept referrals are not taken lightly and are usually based around patients not meeting criteria, such as age or a lack of palliative diagnosis.

Sadly, 81 of the children and young people we were caring for died in the year to 30 April 2025.

Charity registration number 517919 / Company registration number 02016332

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Martin House (Limited by Guarantee) Trustees’ report and financial statements 30 April 2025 |

Consistently over 98% of these children and young people died in their preferred place of death, be it home, hospice or hospital. Many of these deaths away from the hospice are supported by the Hospice.

Our Clinical Services Team

Martin House is a regional centre for specialist paediatric palliative care.

Our clinical services team consists of specialist and experienced staff who can look after the children and young people staying at the hospice, in hospitals and in the community. We act as a resource for other health services surrounding us in West, North and East Yorkshire and indeed nationally. We provide highly specialist care and also support, advice and education to many professionals within Yorkshire and the Humber and beyond.

We offer 24/7 Specialist paediatric palliative medicine.

The senior medical team consists of three Consultants in Paediatric Palliative Medicine (one of whom acts as our Chief Medical Officer) and a Specialist Doctor. In addition, there are part-time Specialty Doctors, and together they deliver a 24/7 on-call rota. Martin House also supports specialist trainees in Paediatric Palliative Medicine, as well as other trainees, during their rotations. Our doctors are available twenty-four hours a day, seven days a week. They provide specialist palliative care involving symptom control, end of life care, preferred place of death support and advance care planning. They are able to assist in breaking bad news, difficult decision making and other ethical discussions. The medical and clinical nurse specialists team regularly support hospital teams to provide specialist palliative care for in- patients across the region. They also support children and young people in their own homes.

The multi-disciplinary team are highly trained and able to care for children with extremely complex care needs. Our team includes doctors, nurses, clinical nurse specialists, specialist clinical educators, physiotherapists, a social worker, an applied psychologist, music therapists, admissions liaison nurses, cultural liaison officers, care support staff, a spiritual care practitioner and other family support practitioners.

We look after children and their families from as early as the antenatal period and continue to look after young people with life-limiting conditions, particularly providing valuable continuity during the transition period where care is transferred from paediatrics to adult services. Care extends through the course of the illness from diagnosis, to end of life. The upper age limit at Martin House is 25.

Our team takes a lead in a number of local, national and international groups including the Royal College of Paediatrics and Child Health Paediatric Palliative Medicine Specialist Committee, Association of Paediatric Palliative Medicine and the Children and Young People’s Advance Care Plan Collaborative. We work in partnership with national organisations, such as Together for Short Lives, in advocating for children's and young people's palliative care. In addition, the team take an active role in palliative care education and research, including being principal site investigators for national studies.

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Hospice at Home . The Hospice at Home service is a specialist palliative care service, delivered in the community by doctors, nurses and clinical nurse specialists. This means that children can receive specialist palliative care in a place of their choosing. Symptom control, end of life care, advance care planning and time- critical memory making can be delivered in the home environment, should that be the preferred place of care for the family. End of life and urgent care can be provided within the family home, in conjunction with local care providers. The Hospice at Home team support hospital teams with urgent discharge from hospital to home for end-oflife care if that is the family's wish. This support helps ensure thorough and robust planning to ensure the transfer happens safely and smoothly as well as in a timely manner.

Charity registration number 517919 / Company registration number 02016332

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Martin House (Limited by Guarantee) Trustees’ report and financial statements 30 April 2025

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Hospital In-reach

Members of our team are able to in-reach into hospitals within the region, to support hospital teams in their delivery of palliative care. This includes:

Our cooled bedrooms for care after death

There are two additional bedrooms within Martin House which can be cooled, and we also have blankets and mattresses which cool the body enabling a baby, child or young adult to remain at the hospice after they have died. Parents and siblings can stay at the hospice as well, and it gives them the opportunity to navigate the process of saying goodbye to their child or young person in their own time and in their own way. Families have often said how precious it was to be able to spend this kind of time with their child, when they are also confronted with the demands of making funeral arrangements and resuming some of the activities of daily life.

Clinical Education

Martin House is committed to promoting a culture of learning and development. We conduct a learning needs analysis on our team every year and plan the year’s education based on its findings. We have embedded externally validated competencies across all areas of care, ensuring we meet the complex needs of the children and young people we support.

We promote Martin House as a learning environment for professional student placements.

As part of our commitment to developing the specialty of paediatric palliative medicine, we have continued to support trainee paediatricians based at Martin House and specialist trainees in Paediatric Palliative Medicine. We encourage medical, nursing and allied health student placements.

Martin House Education Centre

We are a sector-leading education provider in Paediatric Palliative care, committed to developing our contribution to palliative care education outside Martin House and building relationships with stakeholders including neighbouring hospices, community teams, other NHS provider organisations, and universities throughout the region. This year we launched the Martin House Education Centre brand.

Family Support Team & Bereavement

The care we provide at Martin House is holistic and this is underpinned by the work of our family support team. Clinical psychologists, an advanced family support and wellbeing practitioner, a bereavement practitioner, a spiritual care practitioner, music therapists, family support practitioners, a transition support practitioner and a play and activity co-ordinator ensure that care is about more than just the clinical. Our wider team are also skilled at providing holistic support.

Our family support team also provides support to families who have lost a child or young person under any circumstances, including those who had life-limiting conditions and children who died suddenly. This is a resource that families can make use of in a wide variety of ways. Support is family-centred and tailored to individual need. In addition to individual sessions there are groups for bereaved parents, grandparents and siblings.

Charity registration number 517919 / Company registration number 02016332

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Martin House (Limited by Guarantee) Trustees’ report and financial statements 30 April 2025 ;

Research

Martin House is a leading research active organisation in the field of palliative care for children and young people. Specifically, this entails:

People & Resources

Over the past year, the People team has made significant strides in fostering a more inclusive, engaged, and high-performing organisation. These developments reflect our continued commitment to creating a workplace where everyone feels valued, supported, and empowered to succeed. The People team has actively engaged with regional and national networks to share best practices and learn from others.

We are proud to be the first hospice in the UK to have achieved accreditation from Inclusive Employers, a nationally recognised benchmark that reflects our commitment to equality, diversity, and inclusion (EDI).

Supporting staff wellbeing remained a priority, especially through The Build. We delivered a series of wellbeing-focused initiatives, including access to national webinars on mental health, stress management and resilience. These efforts have been informed by staff feedback and ongoing collaboration with employees and volunteers across the organisation.

ICT/ Digital/ Data

Bringing the new Children’s Wing online has meant we have integrated a new CCTV, Access Control, Visitor access control system, along with integration of a new audio-visual suite and digital signage.

The focus has also been on revisiting security arrangements and exploring additional products to improve our security profile and strengthen our cyber defences. The Microsoft Secure Score continues to improve as we further refine our systems.

We completed our penetration test this year, with no critical risks. We also continue to meet the NHS Data Security and Protection Toolkit standards, demonstrating our compliance with the stringent data handling requirements of the NHS.

Estates

This year has seen the completion of the construction phase and handover of the new Children’s Wing. We have also seen the commencement of the second phase of work at the hospice.

We have implemented a new Computer Aided Facilities Management system to support across the estate to tie in with The Build.

Health & Safety

We are committed to managing, monitoring and reviewing safety, health and environmental (SHE) information to aid continual improvement.

The team has continued to build on our practices throughout the year. The Health, Safety, Wellbeing and Environmental (HSWE) Group has continued to play an important part in developing the health and safety agenda and embedding this across Martin House. The group has contributed to the annual internal audit programme. We have completed an external audit with specialist health and safety consultants. A review of several policies, procedures, and risk assessments has also been undertaken.

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Charity registration number 517919 / Company registration number 02016332

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Martin House (Limited by Guarantee} Trustees’ report and financial statements 30 April 2025

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Fundraising

it has been an incredibly busy year for Fundraising as the Public Appeal was launched for The Build whilst ensuring all core campaigns are delivered effectively and are maximised to generate as much income as possible. Managing the impact on both income streams has been the main challenge this year.

The annual ‘core’ operating income ended in a strong position, particularly considering this was raised simultaneously with our capital appeal. We have seen solid results from our partnership team, hugely boosted by the Together for Short Lives network and the final contribution from the Morrisons partnership. Our regional team has delivered great results with the help of our loyal supporters across the region. We delivered a varied programme of events, including new activity introduced because of The Build appeal. The lottery has remained a reliable contributor to funds again this year. The significant amount raised via legacies has given our overall core income a great boost this year.

We once again delivered a robust Christmas campaign, including our direct mail sharing an emotional story of one of our[family's][experiences][at][Martin][House,][which][was][well][received][across][ the][region][ and][ generated] significant awareness, engagement and income.

The continued support of all donors, supporters, and volunteers is hugely appreciated. We simply could not achieve our financial and non-financial aims without such loyal and generous support.

Fundraising standards and compliance

Martin House is a well-respected regional charity that is very much part of the communities we serve, aiming to deliver high standards in everything we do, be this in the care we provide or in our fundraising activities.

We strive to achieve the highest fundraising standards and we value our wonderful supporters. We expect our fundraising team to act honestly and with integrity at all times and to ensure we remain compliant with all the laws and guidelines that govern us.

We want to inspire trust in our supporters and ensure that all supporters have an excellent experience when donating to Martin House.

We stay up to date with developments in charity regulation, data protection and the Fundraising Preference Service (FPS) to make sure we are legally compliant and adhering to all guidelines. Our fundraisers also follow the Institute of Fundraising's Code of Practice and we are registered with the Fundraising Regulator.

We take our supporters’ data very seriously, and we collect and process data in accordance with the Data Protection Act 2018 and the General Data Protection Regulation.

We do not pass our supporters’ details to any other charity or organisation for their marketing purposes. Any external groups acting on our behalf must sign an agreement confirming that they will process all our data properly and maintain confidentiality.

We take appropriate physical, electronic and managerial measures to ensure we keep supporters’ information secure, accurate and up to date and we only keep it as long as is reasonable and necessary. Income Generation Complaints We work hard to ensure that we deliver a high-quality service to our supporters but we may not always get it right. If this happens, we would like to hear about it as soon as possible so we can resolve the problem. If, after this, a supporter feels as though the issue has not been resolved then they may make a complaint. Details of how to complain are listed on our website. In the last year we have received 8 complaints relating to fundraising and lottery activity. These have all been resolved in line with our policy.

Charity registration number 517919 / Company registration number 02016332

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Martin House (Limited by Guarantee) Trustees’ report and financial statements

30 April 2025

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Retail

Our shops have had a strong year, exceeding our annual target. Our Furniture Warehouse performed well and online sales platforms have been robust in their contribution. It is thanks to our loyal customers and donors that we are able to see such great success in our shops.

Marketing and Communications

We have embedded a new team structure in Marketing and Communications within the Income Generation Directorate. The focus has been to deliver the demanding needs of the public appeal whilst also delivering all the needs of other departments. We continue to monitor our digital capacity and our digital reach.

Financial review

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Principal sources of income

Our principal sources of income are investment income, income from our shops, statutory funding and, by far the largest source, fundraising from the public.

We are reliant upon fundraising from the public to fund the vast majority of our annual running costs. This funding comes to Martin House as donations, legacies, and profits made in our shops. We continue to be overwhelmed by the generosity of the public in supporting us in our charitable objectives.

Grant funding from the NHS Integrated Care Boards and NHS England towards the cost of our service provision covered around 37% of our expenditure on charitable activities and represents only 14% of our total income.

Result for the year

Core Operating Result

The underlying result for ‘core’ operating income and expenditure for the hospice was a surplus of £0.7m in the year. This was a much improved result on what we had anticipated to be a deficit result when we prepared our original budget. This was a result of the generosity of all of our donors and a number of legacies that were very kindly left to us.

Capital Appeal Result

The overall result showing in the accounts for the year is a surplus of £6.5m. Most significantly in the year, The Build capital appeal raised in excess of £5.7m of valuable funds towards the project to improve and modernise the premises. Income raised from the appeal is a significant reason behind our surplus position for the year and we are enormously grateful to those who have supported our appeal so far.

Financial Planning for the Future

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The result for the year also follows significant efforts by the income generation team to adapt our ways of fundraising in the face of a continued challenging environment and to ensure ‘core’ income is still prioritised alongside the efforts for the capital appeal.

Our financial position has been managed carefully for over 38 years, allowing us to build reserves. We are fortunate that these reserves are currently providing us with some security and stability and are being used in part to fund The Build project.

To support our planned investment in The Build, Trustees had previously set aside a designated fund of £10.5m to contribute towards the project. In the year, in addition to income raised by the capital appeal, we have used £2.75m of our designated fund for payments made to the principal contractor. The accounts therefore still include a designation of reserves of £7.75m to cover our remaining contribution towards The Build.

We are acutely aware that the level of free reserves that we hold is decreasing in line with our investment in the Build project and, as a result, we need to carefully manage budgets and our balance sheet position once the capital appeal has ended and our income reverts to being generated from ‘core’ activity alone.

Charity registration number 517919 / Company registration number 02016332

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Martin House (Limited by Guarantee} Trustees’ report and financial statements 30 April 2025

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; The Trustees believe that the above strategy to designate funds is a good and appropriate use of our reserves and are confident that we will remain financially sustainable and able to support children and families in the longer term. Allocating funds to the Build is necessary to ensure that we continue to invest in our infrastructure and improve our services to children and young people.

Financial position

The Balance Sheet, including land and buildings, shows total funds at 30 April 2025 of £33,022,516. Unrestricted funds (including both designated and general funds) are represented by tangible fixed assets of £14,959,549, investments of £15,053,028 and net current assets of £3,009,939. The tangible fixed asset balance has increased significantly in the year as a result of payments to our main contractor and the design team engaged on The Build project. These payments have been capitalised as Assets Under Construction which are and will be depreciated as each of the respective phases of the project are completed and we take occupation.

Reserves statement

a} Background

Martin House makes a long-term commitment to those families that depend on its services and needs to provide a reliable and consistent service beyond the immediate future. The Trustees recognise that unrestricted reserves are necessary to secure future services, meet unexpected expenses, absorb setbacks and take advantage of change and opportunities for development when they arise. The Trustees recognise that much of the organisation's income is uncertain and susceptible to fluctuations beyond its control.

The Trustees are also mindful of the Charity Commission’s guidance on Charity reserves: building resilience (updated 14 June 2023)

Having assessed these risks, the Trustees’ aim is to build and maintain a financial cushion against the uncertainties that affect our operating environment whilst also generating income to help meet core running costs (care, fundraising, administration and governance).

b) Target reserves level — one year’s core running costs

The Trustees consider that one year’s core running costs, anticipated to be approximately £11.9m this year, would provide appropriate security against such uncertainties.

c) Minimum reserves level - six months’ core running costs

The Trustees recognise that the target of one year’s core running costs may not always be achievable. They consider that a minimum of six months’ core running costs should be maintained (whilst recognising that they cannot control the organisation’s income, so cannot guarantee that the minimum will always be achieved).

That is especially relevant at present because:

d) Reserves at 30 April 2025

At 30 Apri! 2025, our free reserves, including investment funds not designated fora particular purpose, were £9,587,915 (after deducting a designation of £7.75m for funds committed to The Build project). While this level of free reserves represents 9 months running costs, it is above required minimum of 6 months and we continue our fundraising campaign to increase this level.

Charity registration number 517919 / Company registration number 02016332

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Trustees’ report and financial statements 30 April 2025

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e) Cash flow management

Of the reserves held at any given time, the Trustees consider that a minimum of three months’ core running costs should be held in cash and/or short-term investment assets capable of conversion into cash within 14 days, to enable steady cash flow management.

f) Income generated by reserves

Over the years, the Trustees have been able to invest surplus free reserves in an investment portfolio, to provide long-term commitment and support to the families dependent on Martin House. The income generated by the portfolio makes a valuable contribution to our annual running costs.

Investment Policy

The Trustees’ investment policy is to produce the best financial return within an acceptable level of risk. The investment objective is to generate a total return in excess of inflation over the long term whilst generating an income to support on-going activities.

The Trustees recognise that they have a duty to consider the extent to which social, environmental or ethical considerations are taken into account in the selection, retention and realisation of investments. At present, no investment restrictions are placed on the investment managers, Brewin Dolphin, who manage the investment portfolio on a discretionary basis and the cash fund portfolio on an execution-only basis. Analysis is provided to Trustees to inform on all aspects of the environmental, social and corporate governance characteristics of our portfolios.

In order to meet the medium-term cashflow requirements of the strategic plan, Martin House currently has two investment portfolios. The ‘long term' portfolio is invested to mitigate the risk of inflation over the long term (10 years or more), with a moderate investment risk. The execution- only portfolio contains cash funds which the hospice has designated for The Build project. This portfolio offers a very low risk profile with an almost guaranteed return.

For the year ended 30 April 2025, the long-term portfolio generated a total return of +4.13% compared to the MSCI WMA Balanced Index total return of +5.38%. In addition, the execution-only portfolio holds monies in a cash fund which yields a variable rate of 4.48% per annum.

Plans for future periods

2024-27 Strategic Plan ‘ Following the end of our previous Strategic Plan for 2019-2024, the team at Martin House created a new and ambitious 2024-27 Strategic Plan. This plan was adopted and approved by the Board of Trustees in January 2024.

The key strategic aims of the new strategy are:

The Strategic Plan is supported by three Directorate Operational Plans:

These Directorate Plans set out the objectives that will ensure that our key strategic aims are achieved. Each year during the 2024-27 strategic plan period, an annual Operational Plan is produced that ensures that we work towards achieving our overall strategic objectives.

Charity registration number 517919 / Company registration number 02016332

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Martin House (Limited by Guarantee] Trustees’ report and financial statements 30 April 2025

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Principal risks and uncertainties

The major risks to which Martin House is exposed and the systems in place to mitigate those risks are set out in the strategic risk register. This is reviewed monthly by the Strategic Leadership Team and quarterly by the Finance and Resources Committee. The Clinical Effectiveness Committee reviews a more detailed operational risk register at each meeting to review clinical risks. The strategic risk register is included in the Board papers for every meeting of Trustees.

The Trustees believe there is an effective system of risk management in place and that all major risks are being mitigated satisfactorily.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Structure and Governing Documents

Martin House is a registered charity and a company limited by guarantee. The company was incorporated on 1 May 1986 and registered as a charity on 28 April 1987. It is governed by a Memorandum and Articles of Association, which were amended at an EGM on 21 July 2016, following a comprehensive review by the Trustees. The charity has a wholly-owned subsidiary, Martin House (Shops) Limited, which is incorporated in the UK and registered in England (company number 2166209).

The Board of Trustees acts collectively and is responsible for the overall philosophy and strategic direction of Martin House and ensuring that the charity is solvent, well-run, acts within its governing document and other relevant legislation. The Board meets at least: quarterly and delegates the general management and operational activities of the hospice to the Strategic Leadership Team, via the Chief Executive.

The Board has a Scheme of Delegation, which sets out which of its powers may be delegated and to whom. This is reviewed regularly and revised as appropriate.

The Board is supported by a number of committees and working groups, each of which has clear terms of reference:

Charity Governance Code

The Charity Governance Code for Larger Charities was refreshed by the Charity Commission in December 2020. This Code is designed as a tool to support continuous improvement. Compliance is not mandatorytrustees are encouraged to meet the principles and outcomes of the Code by either applying the recommended practice or explaining what they have done instead or why they have not applied it. Charity boards that are using this Code effectively will regularly revisit and reflect on the Code’s principles.

Martin House is committed to complying with best practice in relation to governance. Trustees have performeda full self-assessment of compliance against the seven principles included within the Code. The charity considers that it is compliant with the Code.

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Four Trustees, Stephen Plews, Tim Halstead, Mike Millington and Jenny Slee, have served on the Board of Martin House for more than nine years. Their reappointment has been subject to rigorous review in accordance with the Charity Governance Code (5.7.4). There is a Trustee succession plan in place to ensure that there is an appropriate balance of experience of Martin House gained over many years and the need for progressive refreshing of the Board.

In accordance with the requirements of the Charity Governance Code, the hospice maintains a register of Trustee and senior staff interests. The following interests have been declared by Trustees and senior staff:

Trustees
Name
s[Declaration(s)
DirectorofMartin House (Shops) Limited
Mike Millington INE
StephenPlews INH
HennySleeIN
MaynePriceIN
ShielaPuriNS
YasminKhan
(Regional SROforpalliativeandend oflifecare,NHSE_
RichardLewis NHS
Melanie
Brooksbank_Nl—=—SCS~SCSCS
PaulaDillon
SOTSSOSCSCSSCSCSCSCSSY
Wwilltiniey
orkshire Integrated Care Board within Maternity and Children’s services
Senior Staff
[Name
S—CdDeclarations)
C—‘“‘CSCSCizr
[ClairHoldsworth TNE
[VictoriaGreensmith ENE
[AntoinetteBell TNH
[LindseyFellowes-Freeman

Our Trustees

Trustees, who are also Directors, are the members of the charitable company, the equity being limited by guarantee and therefore having no share capital. As at 30 April 2025, Martin House has 10 Trustees.

The Trustees retiring by rotation at the next annual Trustees' meeting are Tim Halstead, Jayne Price and Shiela Puri. The power of appointment rests with the members of the Board.

All the Trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 8 to the financial statements. The Trustees who served during 2024/25 and beyond are:

Charity registration number 517919 / Company registration number 02016332

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Martin House (Limited by Guarantee) Trustees’ report and financial statements 30 April 2025

.

uly 2024)
Member ofthe Finance and Resources Committee
25th July 2024)
24th April 2025)
ice Chair ofthe Board ofTrustees
10th October 2024)
10th October 2024)
10th October 2024)
24th July 2025)
Paula Dillon
Peete		 Memberofthe Finance
iy25)		 and Resources Committee (Appointed
meBeoucesCommies Copoine
24th July 2025)
24thJuly2025)

Non-Trustees serving on Board Committees during 2024/25 were:

Our People

Martin House employs 210 staff (177 FTE). The Chief Executive, who is appointed by and accountable to the Board, is responsible for the operation of Martin House and leads a Strategic Leadership Team. In 2024/25 this comprised:

Clair Holdsworth Company Secretary and Chief Executive
Rebecca Wynne Director of Income Generation (Resigned 31°t May 2024)
Robyn Mountain Wade Director of Income Generation (Appointed3 February 2025)
Victoria Greensmith Director of Clinical Services
Antoinette Bell Director of People and Resources
LindseyFellowes-Freeman DirectorofFinanceandCorporateGovernance

Charity registration number 517919 / Company registration number 02016332

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Martin House (Limited by Guarantee) Trustees’ report and financial statements 30 April 2025 ;

The Strategic Leadership Team lead the following directorates:

Volunteers

Martin House is supported by over 285 registered volunteers and 200 supporter volunteers in a range of roles that enhance our work across the organisation.

This includes our stalwart teams of retail volunteers, administrative and maintenance support volunteers at the hospice, and community-focused representation such as Friends' groups and ambassadors. Our Trustees are also all volunteers.

Remuneration Policy

Remuneration of the CEO and members ofthe Strategic Leadership Team (SLT) is determined by the Board of Trustees, which delegates responsibility for recommending SLT salaries to the Finance and Resources Committee (FRC). The FRC is also responsible for determining and recommending to the Board the policy for remuneration and reward of employees at Martin House, the pay structure for all employees and the level of any annual cost of living increase, taking into account appropriate benchmarks (including NHS rates for clinical staff and the Croner/Hospice UK annual hospice rewards survey) and prevailing inflation rates. In addition, the FRC is responsible for monitoring the effectiveness of all remuneration, terms and conditions and policies and keeping them under appropriate review.

Ambassadors

Ambassadors do not have any formal role in the governance ofthe charity but assist by extending our reach and raising our profile. In the year 24/25 the following acted as Ambassadors:

Sir Gareth Southgate: Former England Men's National Football Team Manager and ex-professional footballer

Christine Talbot: TV presenter and broadcaster

Duncan Wood: TV presenter and broadcaster

We are thankful for their continued and generous support of Martin House.

Charity registration number 517919 / Company registration number 02016332

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Martin House (Limited by Guarantee) Trustees’ report and financial statements 30 April 2025

.

Legal and Administrative Information Charity name: Martin House Charity registration number: 517919 Company registration number: 02016332 Registered office and operational address: Grove Road, Boston Spa, Wetherby, LS23 6TX

Subsidiary Undertaking

Company name: Martin House (Shops) Ltd Company registration number: 02166209

The principal activities of the trading subsidiary are the sale of bought goods and goods sold as agent. The subsidiary has performed satisfactorily during the year, and all! profits generated are donated to Martin House.

Advisors

;

Auditor:

Azets Audit Services Limited, Chartered Accountants, 12 King Street, Leeds, LS1 2HL

Investment Managers:

Brewin Dolphin, 10 Wellington Place, Leeds LS1 4AN

Principal Bankers: Barclays Bank Plc 25 James Street, Harrogate HG1 10X

Auditor:

In accordance with s487(2) of the Companies Act 2006, the auditor, Azets Audit Services Limited is deemed reappointed annually.

The Trustees, in their capacity as Directors, hereby approve the Trustees' Annual Report and the incorporated Strategic Report.

— Signed by: _—— [re 99E71AFB00A1413... : TimothyJ Halstead Chair

Date: 19 December 2025

Charity registration number 517919 / Company registration number 02016332

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Martin House (Limited by Guarantee) Trustees’ report and financial statements 30 April 2025

;

Statement of Trustees’ Responsibilities in Respect of the Trustees’ Report and the Financial Statements

The Trustees (who are also directors of Martin House for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting 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 the income and expenditure, of the charitable group for that period. In preparing these financial statements, the Trustees are required to:

_

The Trustees are responsible for keeping proper 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:

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

Charity registration number 517919 / Company registration number 02016332

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Martin House (Limited by Guarantee) Trustees’ report and financial statements 30 April 2025

;

Independent Auditor’s Report to the Members of Martin House

Opinion

We have audited the financial statements of Martin House (the “parent charity”) and its subsidiary (the “group”) for the year ended 30 April 2025 which comprise the consolidated statement of financial activities, the company and consolidated balance sheets, the consolidated cash flow statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of 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 both the group’s and the parent charitable company’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 Trustees 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.

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 ofthis[other][information,] we[are][required][to][report][that][fact.]

We have nothing to report in this regard.

Charity registration number 517919 / Company registration number 02016332

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Martin House (Limited by Guarantee) Trustees’ report and financial statements 30 April 2025

Independent Auditor’s Report to the Members of Martin House (continued)

Opinions on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual 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:

Responsibilities of the Trustees

As explained more fully in the Trustees’ responsibilities statement, 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 group’s and the parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

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 ISAs (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 the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Charity registration number 517919 / Company registration number 02016332

20

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Martin House (Limited by Guarantee) Trustees’ report and financial statements 30 April 2025

. Independent Auditor’s Report to the Members of Martin House (continued)

Extent to which the audit was considered capable of identifying irregularities, including fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Charity registration number 517919 / Company registration number 02016332

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Martin House (Limited by Guarantee) Trustees’ report and financial statements 30 April 2025

.

.

Independent Auditor’s Report to the Members of Martin House (continued)

Use of our report

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

[sinSigned by: aur Jessica Lawrence (Senior Statutory Auditor) For and on behalf of Azets Audit Services Limited

Chartered Accountants Statutory Auditor

.

19 December 2025 Date? occ cccccscessesees

12 King Street Leeds LS1 2HL

Charity registration number 517919 / Company registration number 02016332

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Martin House (Limited by Guarantee) Trustees’ report and financial statements

30 April 2025

; , Consolidated Statement of Financial Activities (incorporating an income and expenditure account) for the year ended 30 April 2025

==> picture [485 x 492] intentionally omitted <==

----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Note|2025|2025|2025|2025|2024| |Unrestricted|Unrestricted| |Funds —|Funds —|Restricted|Total|Total| |General|Designated|Funds|Funds|Funds| |£|£|£|£|£| |Income|from:| |Donations|2,620,667|-|4,971,067|7,591,734|6,950,816| |Legacies|2,374,725|-|406,918|2,781,643|1,105,321| |income|from|charitable|activities:| |Funding from|Integrated|Care|Boards|-|-|1,270,433|1,270,433|743,799| |NHS|England|-|-|1,190,190|1,190,190|1,160,781| |DHSC|Capital|Grant|-|-|158,596|158,596|-| |Other|income|85,858|-|-|85,858|46,404| |Other trading|activities:| |Income from|retail|operations|2,113,637|-|-|2,113,637|2,024,815| |Fundraising|events|and|lottery|1,281,938|-|237,051|1,518,989|1,349,729| |Other|activities|for|generating funds|50,521|-|33,388|83,909|43,249| |income from|investments|3|217,737|-|-|217,737|332,204| |Total|income|8,745,083|-|8,267,643|17,012,726|13,757,118| |Expenditure|on:| |Expenditure|on|raising funds:|5| |Cost|of generating|voluntary|income|1,910,874|-|-|1,910,874|1,402,808| |CostCost|ofof fundraisingretail|operationsevents,|lottery|and|1,660,233772,703|--|--|1,660,233772,703|=|1,504,989689,886| |other|activities| |Investment|managers|cost|21,380|-|-|21,380|30,048| |Expenditure|on|charitable|activities|6|3,953,545|-|2,667,256|6,620,801|6,470,750| |Exceptional|costs|6|22,366|-|-|22,366|717,500| |Total|expenditure|7|8,341,101|:|-|2,667,256|11,008,357|10,815,981| |Net|(expenditure)/income|before|net|2|403,982|-|5,600,387|6,004,369|2,941,137| |gains/(losses)|on|investments| |Net|gains/(losses)|on|investments|10|-|477,646|-|477,646|493,194| |Net|(expenditure)/income|before|transfers|403,982|477,646|5,600,387|6,482,015|3,434,331| |Transfers|between|funds|17|9,279,628|(2,706,647)|(6,572,981)|-|-| |Net movement|in|funds for the year|9,683,610|(2,229,001)|(972,594)|6,482,015|3,434,331| |Funds|brought|forward|at|beginning|of|9,100,106|16,025,296|1,415,099|26,540,501|23,106,170| |year|a| |Funds|carried|forward|at|end|of year|17,18|18,783,716|13,796,295|442,505|33,022,516|26,540,501|

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

The results for the year all relate to continuing operations.

A detailed statement of financial activities for the comparative year is shown in note 21 to the financial statements.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

The statement of financial activities includes all gains and losses recognised in the year.

Charity registration number 517919 / Company registration number 02016332

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Martin House (Limited by Guarantee)

Trustees’ report and financial statements

30 April 2025

"

Balance Sheet

as at 30 April 2025

Group Charity Charity
2025 2024 2025 2024
£ £ £ £
Fixed assets
Tangible assets 9 14,959,549 6,796,396 14,959,549 6,796,396
Investments 10 15,053,028 17,378,215 15,053,030 17,378,217
30,012,577 24,174,611 30,012,579 24,174,613
Current assets
Stock 11 18,328 21,500 16,879 19,172
Debtors 12 3,164,984 1,486,629 3,209,608 1,511,900
Cash on deposit, at bank and in hand 13 1,369,905 2,786,571 1,322,371 2,756,591
4,553,217 4,294,700 4,548,858 4,287,663
Creditors: amounts falling duewithin oneyear 14 (1,543,278) (1,928,810) (1,541,618) (1,924,810)
Net current assets 3,009,939 2,365,890 3,007,240 2,362,853
Net assets 33,022,516 26,540,501 33,019,819 26,537,466
Funds ofthe charity:
Restrictedfunds 17 442,505 1,415,099 442,505 1,415,099
Unrestricted funds are represented by:
Designated funds 17 9,750,000 12,500,000 9,750,000 12,500,000
Other investment funds 17 4,046,295 3,525,296 4,046,297 3,525,298
Total unrestricted designated funds 13,796,295 16,025,296 13,796,297 16,025,298
Unrestricted tangible fixed assets 18 14,959,549 6,796,396 14,959,549 6,796,396
Undesignated general funds 18 3,824,167 2,303,710 3,821,468 2,300,673
Total unrestricted funds 32,580,011 25,125,402 32,577,314 25,122,367
33,022,516 26,540,501 33,019,819 26,537,466

The notes on pages 26 to 42 form part of these financial statements.

17 December 2025

These financial statements were approved by the board of Trustees on ...............-sssseeeeeeee aNd Were authorised for issue and signed on its behalf by:

‘Signed by: Signed by: TJ Halstead T Straughan Trustee Trustee

Charity registration number 517919 / Company registration number 02016332

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Martin House (Limited by Guarantee)

Trustees’ report and financial statements 30 April 2025

°

30 April 2025
.
Consolidated Cash Flow Statement
fortheyearended30April2025
2025 2024
£ £ £ £
Cash flowsfrom operating activities:
Netcashgenerated by/(used in)operating
activities		 4,082,535 3,765,497
Cash flows from investing activities: :
Dividends, interest and rents from investments 217,737 332,204
Purchase of tangible fixed assets (8,539,399) (2,380,122)
Proceeds from the sale oftangible fixed assets 19,628 7,242
Payments to acquire investments (10,970,950) (12,691,004)
Proceeds from the sale of investments 15,603,349 19,192,172
Net cash provided by investing activities (3,669,635) 4,460,492
Change in cash and cash equivalents in the year 412,900 8,225,989
Cash and cash equivalents atthe beginning ofthe
year		 9,547,714 1,321,725
__
Cash and cash equivalents attheend oftheyear 9,960,614 9,547,714
Reconciliation of net incometo net cash flowfrom operating activities
2025 2024
£ £
Net income for the year 6,482,015 3,434,331
Depreciation charge 353,147 1,079,373
Gains on investments (477,646) (493,194)
Dividends, interestand rents from investments (217,737) (332,204)
Profit on sale of fixed assets 3,471 (4,623)
Decrease in stock 3,172 810
(Increase)/decrease in debtors (1,678,355) 451,880
Decrease in creditors (385,532) (370,876)
Net cash inflow from operating activities 4,082,535 3,765,497
Analysis ofchanges in netfunds
At30 April Cash flow At30 April
2024 2025
£ £ £
Cash at bank and in hand 2,786,571 (1,416,666) 1,369,905
Cash held as part of investment portfolio 6,761,143 1,829,566 8,590,709
9,547,714 412,900 9,960,614

Charity registration number 517919 / Company registration number 02016332

25

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Martin House (Limited by Guarantee) Trustees’ report and financial statements

30 April 2025

/

,

Notes to the Financial Statements for the Year Ended 30 April 2025

  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:

Charity Information

Martin House is a company limited by guarantee, the liability of the members is limited to one pound, and a charity registered in England and Wales. The registered office is Martin House, Grove Road, Boston Spa, Wetherby, LS23 6TX.

Accounting Convention

The financial statements have been prepared on a going concern basis in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019) (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Ireland (FRS 102), the Companies Act 2006 and the Charities Act 2011.

Martin House meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

On the grounds that the charitable company's results are consolidated into the charitable company’s group accounts the charitable company has taken advantage of certain exemptions conferred by section 1.11 of FRS102 as follows:

==> picture [1 x 1] intentionally omitted <==

----- Start of picture text -----
:
----- End of picture text -----

Going Concern

The charitable company meets its daily working capital requirements through its bank account which had funds of £1,322k at 30 April 2025. The charity relies heavily upon funding from voluntary donations, legacies and grants, which all contain elements of uncertainty. Given the charitable company’s favourable fundraising record and the level of free reserves available at the year end, the Trustees consider that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

Group financial statements

The financial statements consolidate the results of the charity and its wholly owned subsidiary Martin House (Shops) Limited ona line-by-line basis. The summarised profit and loss account for the subsidiary is shown in note 4. Aseparate Statement of Financial Activities, including the income and expenditure account, for the charity itself is not presented because the charity has taken advantage of the exemptions offered by section 408 of the Companies Act 2006. The gross income of the charity was £16,951,312 (2024: £13,689,785) and the net income was £6,001,673 (2024: net income £2,938,103) (before gains/losses on investments in each year).

Fund accounting

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.

Restricted funds can only be used for particular restricted purposes within the objectives of the charity. These arise when funds are subject to specific restrictive conditions imposed by funders/donors or by the purpose of the grant. The purpose and use of the restricted funds is set out in note 17.

Designated funds are unrestricted funds designated by the Trustees for a particular purpose.

Charity registration number 517919 / Company registration number 02016332

26 .

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Martin House (Limited by Guarantee)

Trustees’ report and financial statements 30 April 2025

;

Notes to the Financial Statements (continued)

1. Accounting Policies (continued)

Income

Income is recognised in the year in which entitlement arises, receipt is probable and the amount can be reliably measured. Income is deferred:

Legacies

Pecuniary and residuary legacies are recognised when received or before receipt if there is sufficient evidence of entitlement to the legacy, receipt is probable and can be measured with sufficient reliability.

Gifts in kind and volunteers’ contributions

Martin House benefits greatly from a variety of gifts in kind and voluntary contributions. Gifts donated for resale are included as income when they are sold. Fixed assets donated to the charity are included as donation income at market value at the time of receipt. Consumables and small items donated for fundraising activities are not recognised in the financial statements. No amounts are included in the financial statements for services donated by volunteers.

Expenditure and irrecoverable VAT

Expenditure is included in the Statement of Financial Activities on an accruals basis inclusive of any VAT that cannot be recovered. Expenditure is allocated directly to a particular activity where costs relate directly to that activity.

Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.

Fundraising costs

These include the salaries, direct expenditure and overhead costs of the fundraising team as well as lottery and event costs, investment management costs and the cost of our retail operations.

Charitable activity costs

These include the salaries, direct expenditure and overhead costs of the care and support team.

Operating leases

Rentals applicable to operating leases are charged to the Statement of Financial Activities on a straight line basis over the term of the lease.

Pensions

Employees who have previously worked for the NHS are entitled to continue to contribute to the NHS Pension Scheme subject to certain conditions. The NHS Scheme is an unfunded final salary scheme operated by the National Health Service. The contributions are calculated so as to spread the cost of pensions over employees’ working lives, whilst they remain in qualifying employment, in such a way that the pension cost is a substantially level percentage of current and future pensionable payroll. The contributions are determined by the Government Actuary on the basis of periodic valuations, and any deficit is underwritten by the Treasury.

The scheme is not designed to be run in a way that would enable employers of eligible employees to identify their share of the underlying scheme assets and liabilities, and the scheme is unfunded. Therefore, the scheme is accounted for as if it were a defined contribution scheme: the amount charged against profits represents the contributions payable to the scheme.

Staff not entitled to join the NHS Scheme are automatically enrolled into a defined contribution scheme, in accordance with current pension legislation. In addition, the defined contribution scheme is offered on the same terms to staff not meeting the criteria for automatic enrolment. The amount charged against profits for the scheme represents the contributions payable to the scheme in respect of the accounting period.

Charity registration number 517919 / Company registration number 02016332

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Martin House (Limited by Guarantee} Trustees’ report and financial statements 30 April 2025

Notes to the Financial Statements (continued)

  1. Accounting Policies (continued)

Staff costs

The costs of short-term employee benefits are recognised as a liability and an expense where settlement of obligations does not fall within the same period.

Investments

Investments (other than investments in subsidiaries) are stated at market value at the balance sheet date.

The investment portfolio, see note 10, is held to generate returns and gains for the group and accordingly is designated as fair value through profit and loss (“FVTPL”). Under this designation the portfolio is revalued at each period end to its fair value, as determined by reference to quoted market prices and values determined by independent fund managers, with any gains or losses going through the statement of financial activity.

For the purposes of the cash flow statement, the short-term cash deposits held for reinvestment within the long term investment fund have been treated as cash.

Investment properties are included in the balance sheet at their open market value. Depreciation is not provided on investment properties.

Investments in subsidiaries are stated at cost and the Trustees review the carrying value annually for indications of impairment.

Fixed assets and depreciation

Fixed assets are stated at cost. Depreciation is provided to write off the cost less the estimated residual value of tangible fixed assets by equal instalments over their estimated useful economic lives as follows:

Freehold buildings - 2-4% straight line Furniture and fittings - 25% straight line Office furniture and equipment - 20% to 33% straight line Vehicles - 25% reducing balance

All capital expenditure over £1,000 is capitalised as an asset.

Stocks

Purchased goods for resale are valued at the lower of cost and net realisable value.

Donated items of stock for resale are not included in the financial statements until they are sold because the Trustees consider it impractical to assess the amount of donated stock held as there is no system in place to record these items or value them until they are sold. The value of these goods to the charity is instead recognised when they are sold in the shops.

Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

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 held for working capital. Bank overdrafts are shown within borrowing in current liabilities.

Charity registration number 517919 / Company registration number 02016332

28

cosorenesor'e

Docusignign EnvelEnvelope ID: OFOOFOE4FE7-71E3-4600-8BB6-0Fo . F6B8D165D3D1 Martin House (Limited by Guarantee) Trustees’ report and financial statements 30 April 2025

, Notes to the Financial Statements (continued)

1 Accounting Policies (Continued)

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments ‘are valued at the amount prepaid.

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in the income and expenditure account.

Creditors, loans and provisions

Creditors, loans and provisions are recognised where the group 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, loans and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial liabilities are only derecognised when, and only when, the group’s obligations are discharged, cancelled or they expire.

Amounts recognised as provisions are best estimates of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.

Critical accounting estimates and judgements

In the application of the group’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. ‘

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The estimates and assumptions which havea significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Depreciation of tangible assets

Depreciation policies have been set according to management's experience of the useful lives of the assets in each category, something which is reviewed annually.

The charity incurs expenditure on creating tangible fixed assets for use in the charity with costs being incurred over a number of months. The Trustees believe it is possible to segregate these costs into identifiable projects, and as such no depreciation is charged on that project until it is brought into use.

Legacies

Legacies are recognised as income when probate has been granted, the charity has established its entitlement to the funds and where sufficient information is available to allow it to measure its entitlement.

Tax

Martin House is a registered charity and as such is a charity within the meaning of schedule 6 of the Finance Act 2010. Accordingly, the Hospice is potentially entitled to tax exemption under part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising.

Charity registration number 517919 / Company registration number 02016332

29

Docusign Envelope ID: OFOE4FE7-71E3-4600-8BB6-0F F6B8D165D3

Martin House (Limited by Guarantee)

Trustees’ report and financial statements 30 April 2025

"

ween

Notes to the Financial Statements (continued)

1 Accounting Polices (Continued)

The trading subsidiary is liable to corporation tax on its chargeable profits. Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantially enacted at the balance sheet date. As all profits arising in the subsidiary were gift aided to the parent charitable company in both the current and prior financial year, no corporation tax has arisen.

2 Net expenditure

2
Net expenditureexpenditure
2025 2024
£ £
Netexpenditure isstatedaftercharging/(crediting):
Depreciation and otheramounts written offtangible fixed assets 353,147 1,079,373
Loss/(profit) on disposal offixed assets 3,471 (4,623)
Auditor’s remuneration — audit of charity and subsidiarycompany accounts 13,715 16,400
Auditor’s remuneration — other non-audit services 4,295 4,650
Operating lease rentals— land and buildings 235,565 196,022
Operating lease rentals—equipment - 3,959
3
Income from investments
2025 2024
£ £
Gross dividends and interest receivable from listed investments 172,800 290,146
Interestfrom building society and banks 33,612 31,393
Property rent 11,325 10,665
217,737 332,204

The charity has a wholly owned subsidiary, Martin House (Shops) Limited which is incorporated in the UK and registered in England (company number 02166209). The company undertakes various trading activities including the sale of bought goods, the sale of goods as agent, and other trading activities on behalf of the charity. Non-primary purpose trading of the group such as bought good sales in the hospice shops are transacted through the trading subsidiary, Martin House (Shops) in order to adhere with HMRC regulations on non-primary purpose trading within charities. A summary of its trading results for the period is shown below. The company donates all taxable profits to Martin House under Gift Aid.

Martin House under Gift Aid.
2025 2024
£ £
Profit and loss account
Turnover 62,880 68,849
Cost ofsales (19,017) (23,253)
Gross profit 43,863 45,596
Rent and rates (6,799) (6,392)
Staff costs (23,794) (24,224)
Other expenses (9,108) (10,430)
Interest payable to parent company (1,466) (1,517)
Profit for the year 2,696 3,033
Balance Sheet
Share capital 2 2
Profit and loss account 2,696 3,033
Totalshareholder’sfunds 2,698 3,035

Investment in the wholly owned subsidiary is carried at cost of £2 (2024: £2) in the balance sheet of the charity.

The profit for the year is to be gifted to the charitable parent company, however as no deed of covenant exists the distribution has not been recognised in these financial statements.

Charity registration number 517919 / Company registration number 02016332

30

Docusign Envelope ID: OFOE4FE7-71E3-4600-8BB6-0OF F6B8D165D3

Martin House (Limited by Guarantee) Trustees’ report and financial statements

30 April 2025

. Notes to the Financial Statements (continued)

Martin House has, in accordance with S479C of the Companies Act 2006, provided a guarantee over the assets of its subsidiary Martin House (Shops) Limited (company registration number 02166209; registered in England & Wales) which permits the subsidiaries to not obtain an audit of its individual financial statements for the period ended 30 April 2025, in accordance with the exemptions conferred by $479A Companies Act 2006. The registered office of the subsidiary is Martin House Grove Road, Boston Spa, Wetherby, West Yorkshire, LS23 6TX.

5 €xpenditure on raising funds

Unrestricted Restricted Total
For the yearended 30April 2025 2025 2025 2025
£ £ £
Costs ofgenerating donations& legacies
Staffcosts (Note 8) 1,283,619 - 1,283,619
Publicity andnewsletters 210,411 - 210,411
Professional fees 16,150 - 16,150
Other 400,694 - 400,694
1,910,874 - 1,910,874
Cost of retail operations
Staff costs (Note 8) 899,928 - 899,928
Other 760,305 - 760,305
1,660,233 - 1,660,233
Lotteryand event costs
Staff costs (Note 8) 123,325 - 123,325
Other 649,378 - 649,378
772,703 - 772,703
Investment management costs 21,380 - 21,380
Unrestricted Restricted Total
Forthe yearended 30 April 2024 2024 2024 2024
£ £ £
Costs ofgenerating donations& legacies
Staff costs (Note 8) 928,172 - 928,172
Publicity and newsletters 204,469 - 204,469
Professional fees 35,905 - 35,905
Other 234,262 - 234,262
1,402,808 - 1,402,808
Cost of retail operations
Staffcosts (Note 8) 840,796 - 840,796
Other 664,193 - 664,193
1,504,989 - 1,504,989
Lottery and event costs
Staff costs (Note 8) 147,852 - 147,852
Other 542,034 - 542,034
689,886 - 689,886
Investmentmanagementcosts 30,048 - 30,048

Charity registration number 517919 / Company registration number 02016332

31

Docusign Envelope ID: OFOE4FE7-71E3-4600-8BB6-OF F6B8D165D3

Martin House (Limited by Guarantee)

Trustees’ report and financial statements

30 April 2025

Notes to the Financial Statements (continued)

6 Expenditure on charitable activities

Unrestricted Restricted Total Unrestricted Restricted Total
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Provision ofcare:
Staffcosts (Note 8) 1,746,995 2,649,327 4,396,322 1,894,562 2,258,967 4,153,529
Consumables 198,994 - 198,994 203,437 - 203,437
Other 466,060 17,929 483,989 413,680 10,003 423,683
Research - - - (20,000) - (20,000)
Support costs:
Staff costs (Note 8) 1,072,396 - 1,072,396 1,279,841 - 1,279,841
Establishment 469,100 - 469,100 430,260 - 430,260
Exceptional costs 22,366 : 22,366 717,500 - 717,500
3,975,911 2,667,256 6,643,167 4,919,280 2,268,970 7,188,250

Exceptional costs of £22,366 (2024: £717,500) relates to the impairment of tangible assets due to their replacement in relation to the ongoing ‘Build’ project.

7 Total expenditure

Staffcosts Depreciation Other costs Total
Yearended 30 April 2025 & Impairment
£ £ £ £
Charitable activities 5,468,718 260,975 913,474 6,643,167
Costs ofgeneratingfunds 2,306,872 92,172 1,966,146 4,365,190
Totalexpenditure 7,775,590 353,147 2,879,620 11,008,357
Yearended 30 April 2024 Staffcosts Depreciation Other costs Total
£ £ £ £
Charitable activities 5,433,370 981,299 773,581 7,188,250
Costs ofgeneratingfunds 1,916,820 98,074 1,612,834 3,627,728
Totalexpenditure 7,350,190 1,079,373 2,386,415 10,815,978

8 Staff numbers and costs

The average number of staff employed by the charitable company during the year was as follows:

Average headcount Average FTE
2025 2024 2025 2024
No. No. No. No.
Charitable activities-care team and support 128 135 109 119
Fundraising and shops 84 76 62 54
212 211 171 173

;

cocoons

Charity registration number 517919 / Company registration number 02016332

32

Docusign Envelope ID: OFOE4FE7-71E3-4600-8BB6-OF F6B8D165D3

Martin House (Limited by Guarantee} Trustees’ report and financial statements 30 April 2025

.

Notes to the Financial Statements (continued)

8 Staffnumbers and costs (continued)

The aggregate payroll costs of these persons were as follows:

2025 2024
£ £
Wages and salaries 6,683,226 6,325,504
Social security costs 554,761 527,915
Other pension costs (Note 15) 537,603 496,771
7,775,590 7,350,190

Included in the above costs is £250,559 (2024: £239,696) in respect of members of the medical team contracted to the charity by a local NHS trust.

The Trustees do not receive any remuneration. During the year expenses were paid to Trustees of £182 (2024: £136). Trustees are not included in the average number of employees. In accordance with the Memorandum of Association the charity purchased charity Trustee indemnity insurance. The cost of this insurance included in the Statement of a Financial Activities was £1,456 (2024: £1,230).

The number of higher paid employees is disclosed below.

; 2025 2024
No. No.
£50,000 to £60,000 9 -
£60,001 to £70,000 2 2
£70,001 to £80,000 2 2
£80,001 to £90,000 1 2
£90,001 to £100,000 1 -
£100,001to£110,000 2 1

Pension contributions totalling £38,901 (2024: £32,540) were made for the 5 (2024: 5) higher paid employees.

The key management personnel of the charity (and group) comprise the Trustees and the senior management team. The total employee benefits of the 5 (2024: 5) key management personnel employed by the charity (and group) were £479,521 (2024: £477,283).

Charity registration number 517919 / Company registration number 02016332

33

Docusign Envelope ID: OFOE4FE7-71E3-4600-8BB6-OF F6B8D165D3

Martin House (Limited by Guarantee)

Trustees’ report and financial statements

30 April 2025

Notes to the Financial Statements (continued)

9. Tangible fixed assets

9.
Tangible fixed assets
Office
Furniture furniture
Freehold land Assets under and and Total
CHARITYANDGROUP and buildings construction fittings equipment Vehicles
£ £ £ * £ £ £
Cost
At beginning ofyear 4,873,397 4,296,277 1,910,688 1,352,540 205,604 12,638,506
Additions - 8,371,817 51,573 116,009 - 8,539,399
Disposals (804,736) - (75,509) (92,571) (9,719) (982,535)
At end ofyear 4,068,661 12,668,094 1,886,752 1,375,978 195,885 20,195,370
Depreciation
At beginning ofyear 2,905,506 - 1,713,072 1,108,673 114,859 5,842,110
Charge foryear 96,206 - 96,639 137,599 22,703 353,147
On disposals (804,736) - (72,567) (73,148) (8,985) (959,436)
At end ofyear -2,196,976 - 1,737,144 1,173,124 128,577 5,235,821
Netbook value
At 30 April2025 1,871,685 12,668,094 149,608 202,854 67,308 14,959,549
At 30 April 2024 1,967,891 4,296,277 197,616 243,867 90,745 6,796,396
The cost offreehold land and buildings includes £75,000 (2024:£75,000) £75,000) of land which is not depreciated.
10.
Fixed asset Investments
CHARITY 2025 2024
£ £
Listed investments (Note 10(a)) 6,282,310 10,437,063
Cash held as part of investment portfolio 8,590,708 6,761,142
Investment in Martin House (Shops) Limited (Note 4) 2 2
Unlisted investment 10 10
Investment property (Note 10(b)) 180,000 180,000
15,053,030 17,378,217
GROUP 2025 2024
£ £
Listed investments (Note 10(a)) 6,282,310 10,437,063
Cash held as part of investment portfolio 8,590,708 6,761,142
Unlisted investment 10 10
Investment property (Note 10(b)) 180,000 180,000
15,053,028 17,378,215

The cost of freehold land and buildings includes £75,000 (2024: £75,000) of land which is not depreciated.

These investments both in income and long-term growth support the work of the hospice.

10(a) Listed investments

10(a) Listed investments
2025 2024
£ £
Market value at beginning ofyear 10,437,063 16,475,037
Additions 10,970,950 12,691,004
Disposal proceeds (15,603,349) (19,192,172)
Realised and unrealised investment gains 477,646 463,194
Market value at end ofyear 6,282,310 10,437,063
Historical cost at end ofyear 5,769,964 9,527,306
Charity registration number517919 /Company registration number02016332 . 34

or

Docusign Envelope ID: OFOE4FE7-71 £3-4600-8BB6-0F F6B8D165D3

Martin House (Limited by Guarantee)

Trustees’ report and financial statements

30 April 2025

.

,

Notes to the Financial Statements (continued)

10(b) Investment property

==> picture [447 x 57] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |2025|2024| |£|£| |Market|value|at|beginning|of year|180,000|150,000| |Revaluation|-|30,000| |Market|value|at|end|of year|180,000|180,000|

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

The historical cost of the investment property was deemed to be £133,000.

The Trustees have estimated the fair value of the investment property, with reference to other similar property transactions in the vicinity. A professional valuation has not been obtained as the Trustees do not consider it necessary due to the non-specialist nature of the investment property. The Trustees conclude that there has been no material change in the fair value during the year.

; The carrying amount of financial assets measured at fair value through income and expenditure for both the company and group was £6,282,310 (2024: £10,437,063). :

  1. Stock ,

;

==> picture [458 x 234] intentionally omitted <==

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Group.|Charity| |2025|2024|2025|2024| |£|£|£|£| |Goods|for|resale|2,364|4,005|915|1,677| |T-shirt|stock|fundraising|(not|for|resale)|15,964|17,495|15,964|17,495| |18,328|21,500|16,879|19,172| |12|Debtors| |Group|Charity| |Due|within|Due|within|Due|within|Due|within| |one|year|"one|year|one|year|one|year| |2025|2024|2025|2024| |£|£|£|£| |Amounts|due from|Martin|House|(Shops)|Limited|-|-|44,624|25,273| |Accrued|income|and|prepayments|2,616,371|1,205,938|2,616,371|1,205,936| |VAT|recoverable|548,613|280,691|548,613|280,691| |3,164,984|1,486,629|3,209,608|1,511,900|

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

The loan from Martin House is covered by a debenture dated 30th April 1992 which provides for interest to be paid at 3% over Barclays Bank Plc base rate. The debenture is secured by a floating charge over all the assets of the Company, and there is no fixed date for repayment.

:

==> picture [470 x 101] intentionally omitted <==

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |-|13|Cash|at|bank,|in|hand|and on|deposit|.| |Group|Charity| |2025|2024|2025|2024| |£|£|£|£| |Bank|and|building|society|deposits|1,368,242|2,785,078|1,321,538|2,755,928| |Cash|in|hand|1,663|1,493|833|663| |1,369,905|2,786,571|1,322,371|2,756,591|

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

Charity registration number 517919 / Company registration number 02016332

35

Docusign Envelope ID: OFOE4FE7-71E3-4600-8BB6-0F F6B8D165D3

Martin House (Limited by Guarantee)

Trustees’ report and financial statements 30 April 2025

:

.

Notes to the Financial Statements (continued)

14 Creditors: amounts falling due within one year

Group Charity
2025 2024 2025 2024
£ £ £ £
Trade creditors 261,683 348,607 261,683 348,607
Other taxes and social security costs 153,268 131,310 153,268 131,310
Other creditors 680,712 1,014,200 680,712 1,014,200
Accruals and deferred income 447,615 434,693 445,955 430,693
1,543,278 1,928,810 1,541,618 1,924,810

15 Pension costs

The hospice operates two pension schemes: the NHS Scheme and a defined contribution scheme, both of which are treated as defined contribution schemes as disclosed in Note 1. The charge for the year was as follows:

2025 2024
£ £
NHS Pension Scheme 304,312 271,781
Defined contribution scheme 233,290 224,990
537,602 496,771

NHS Scheme

Eligible employees are able to remain in the NHS Pension Scheme. The NHS Pension Scheme is an unfunded occupational scheme backed by the Exchequer, which is open to all NHS employees and employees of other approved organisations. The Scheme provides pensions, based on final salary, in varying circumstances for employees of participating employers. The Scheme receives contributions from employees and employers to defray the costs of pensions and other benefits. The scheme is subject to a full actuarial valuation every four years and an accounting valuation every year. Details of the benefits payable, and the basis for the valuations under these provisions can be found on the NHS Pensions website at www.nhsbsa.nhs.uk/pensions.

16 Commitments

Total commitments for future minimum lease payments under non-cancellable operating leases are as follows:

CHARITY AND GROUP

Land and Land and
buildings Equipment buildings Equipment
2025 2025 2024 2024
£ £ £ £
Within one year 225,441 - 184,650 -
More than one yearand less than 5years 440,002 - 416,704 -
More than 5 years 23,024 - 15,000 -
688,467 - 616,354 -

Charity registration number 517919 / Company registration number 02016332

36

Docusign Envelope ID: OFOE4FE7-71E3-4600-8BB6-0F F6B8D165D3

Martin House (Limited by Guarantee) Trustees’ report and financial statements 30 April 2025

Notes to the Financial Statements (continued)

Total commitments for capital expenditure under non-cancellable contracts are as follows:

CHARITY AND GROUP

; 2025 2024
£ £
Commitments contracted for in relation to The Build 7,469,771 15,870,586
17
Statement offunds
As At As at
Fortheyearended 30April 2025 1May Investment 30April
2024 Income __Expenditure gains Transfers 2025
£ £ £ £ £ £
: GROUP
‘ Unrestricted funds
General funds 9,100,106 8,745,083 (8,341,101) - 9,279,628 18,783,716
Designated funds
Build and Deficit 12,500,000 - - - (2,750,000) 3,750,000
Other investment funds 3,525,296 - - 477,646 43,353 4,046,295
Total designated funds 16,025,296 - - 477,646 (2,706,647) 13,796,295
Total unrestricted funds 25,125,402 8,745,083 (8,341,101) 477,646 6,572,981 32,580,011
CHARITY
Unrestricted funds :
General funds 9,097,069 8,682,203 (8,277,883) - 9,279,628 18,781,017
Designated funds
Build and Deficit fund 12,000,000 - - - (2,750,000) 9,750,000
Other investment funds 3,525,298 - - 477,646 43,353 4,046,297
Total designated funds 16,025,298 - - 477,646 (2,706,647) 13,796,297
Total unrestricted funds 25,122,367 8,682,203 (8,277,883) 477,646 6,572,981 32,577,314
GROUPAND CHARITY
Restricted Funds
NHS England Grant - 1,123,182 (1,123,182) - - -
Pensions Indexation funding - 67,008 (67,008) - - -
Integrated Care Board grants - 1,270,433 (1,270,433) - - -
Garden Fund 11,344 - - - (11,344) -
Care equipment - regional 4,801 - - - - 4,801
Donations — Capital (baths,
decoration, chair, training) 94 - (84) - - 10
DonationsTrusts 68,650 134,146 (202,796) - - -
Donations Individuals - 60 (60) - - -
Donations Regional - 500 - - - 500
Donations - Capital Appeal 732,491 4,130,241 - - (4,862,732) -
Donations - Capital Appeal Public 138,097 1,042,664 - - (1,168,760) 12,001
EventsAllocated to CapitalAppeal - 237,051 - - (237,051) -
Capital Appeal - Art Room 54,622 - - - (54,622) -
CapitalAppeal - Children's wing - 79,876 - - (79,876) -
Capital Appeal - Wellbeing Centre 400,000 10,336 - - - 410,336
Donations - Corporatefor
Bereavement - 11,550 - - - 11,550
Capital Grant DHSC - 158,596 - - (158,596) -
Kitchen and Catering
improvements 5,000 2,000 (3,693) - - 3,307
1,415,099 8,267,643 (2,667,256) - (6,572,981) 442,505

Charity registration number 517919 / Company registration number 02016332

37

Docusign Envelope ID: OFOE4FE7-71E3-4600-8BB6-0F F6B8D165D3

Martin House (Limited by Guarantee)

Trustees’ report and financial statements

30 April 2025

.

;

Notes to the Financial Statements (continued)

,

17
Statement offunds (Continued)
For.theyearended 30April
2024		 AsAt
1May
2023		 Income Expenditure Investment
(losses)		 Transfers Asat
30April
2024
£ £ £ £ £ £
GROUP
Unrestricted funds
General funds 6,116,968 7,161,926 (8,547,011) - 4,368,223 9,100,106
Designated funds
Build and Deficit fund 12,500,000 - - - - 12,500,000
Other investment funds 3,047,409 - - 493,194 (15,307) 3,525,296
Total designated funds 15,547,409 - - 493,194 (15,307) 16,025,296
Total unrestricted funds 21,664,377 7,161,926 (8,547,011) 493,194 4,352,916 25,125,402
CHARITY
Unrestricted funds
General funds 6,114,407 7,163,064 (8,548,625) - 4,368,223 9,097,069
Designated funds
Build and Deficit fund 12,500,000 - - - - 12,500,000
Other investment funds 3,047,411 - - 493,194 (15,307) 3,525,298
Total designated funds 15,547,411 - - 493,194 (15,307) 16,025,298
Total unrestricted funds 21,661,818 7,163,064 (8,548,625) 493,194 4,352,916 25,122,367
GROUPAND CHARITY
Restricted Funds
NHS England Grant - 1,093,781 (1,093,781) - - -
Pensions Indexation funding - 67,000 (67,000) - - -
Integrated Care Board grants - 743,799 (743,799) - - -
Garden Fund 11,344 - - - - 11,344
Rebuild 28,975 - - - (28,975) -
Care equipment - regional 4,801 - - - - 4,801
Donations— Capital (baths,
decoration, chair, training) 34 200 — (140) - - 94
Donations Trusts 326,243 88,187 (336,680) - (9,100) 68,650
Sanctuary Garden - 50,542 (3,000) - (47,542) -
Donations - Capital Appeal 1,070,396 3,857,705 , - - (4,195,610) 732,491
Donations - Capital Appeal
Public - 138,097 - - - 138,097
Capital Appeal - Art Room - 54,622 - - - 54,622
Capital Appeal -Children's wing - 71,689 - - (71,689) -
Capital Appeal -Wellbeing
Centre - 400,000 - - - 400,000
Kitchen and catering
Improvements - 5,000 - - - 5,000
Donations - Corporate for
Bereavement - 24,570 (24,570) - - -
1,441,793 6,595,192 (2,268,970) QO (4,352,916) 1,415,099

:

Charity registration number 517919 / Company registration number 02016332

38

Docusign Envelope ID: OFOE4FE7-71E3-4600-8BB6-OF F6B8D165D3

Martin House (Limited by Guarantee) Trustees’ report and financial statements 30 April 2025

Notes to the Financial Statements (continued)

17 Statement of funds (Continued)

Unrestricted funds

General funds — these represent the free reserves and fixed assets of the charity that are not designated or restricted for particular purposes.

The Trustees have designated elements of the investment fund for specific purposes, as follows:

Deficit budget fund — funds of £2.0m have been designated to cover the deficits anticipated in the next 3-5 years.

Rebuild fund — funds of £7.75m have been designated to contribute towards the cost of our extensive Build project plans.

The remainder of our designated funds, held within investments, are held to comply with our policy of holding six months running costs in reserves.

Restricted funds — represent monies received for specific purposes as follows:

NHS England Grant — this is a grant received to support us in our aim to continue the provision of the high level of specialist care for the children and families in Yorkshire.

Pension indexation funding — is a contribution from NHS England towards the cost of our employer’s NHS pension contributions.

Integrated Care Boards grants — are grants received from ICBs covering East, North and West Yorkshire and the Humber. Each contributes towards the cost of care provided by Martin House to children and young people and their families in the respective geographical areas served by each ICB.

Grants from various Trusts & Foundations and donations - Funding for core clinical costs, medical equipment, cultural liaison officers, bereavement salaries, sibling support groups, training bursaries, a refurbishment of the Sanctuary garden, emergency travel for families and a residential trip for young people.

Garden Fund (Whitby Lodge Courtyard Project) — consists of charitable donations to fund the redevelopment of the Lodge Courtyard area for the enjoyment of our teenagers and young adults.

Garden Donations - Specified garden purchases after the Build project.

Rebuild Fund — Funding from our Capital Appeal in aid of our upcoming extensive Build and refurbishment project.

Care equipment — funding for care equipment from individuals and Trusts.

Other capital funds — consist of contributions from Trusts and other sources for specific items of equipment.

Other restricted donations — donations for small equipment, bereavement library and Christmas party.

Trust donations for project/designated spend — funding for vehicles, beds and garden grant from Trusts.

Charity registration number 517919 / Company registration number 02016332

39

Docusign Envelope ID: OFOE4FE7-71E3-4600-8BB6-OF F6B8D165D3

Martin House (Limited by Guarantee) Trustees’ report and financial statements 30 April 2025

Notes to the Financial Statements (continued)

Donations care equipment — funding from individuals and clubs for specialist chairs, baths, Oxford Text Book and a small restricted pot of funds not yet specified.

Donations capital (baths, decoration, chairs, training) - capital funding from Trusts for the specialist bath appeal. Palliative care training for doctors.

Transfers

Transfers totalling £6,572,981 have been made from restricted to general funds where capital expenditure has been ‘incurred from restricted funds, and the assets purchased are held for a general purpose within the charity with no ongoing restrictions in use.

18 Analysis of net assets between funds

Asat30April 2025 Tangible Investments Netcurrent Total
fixed assets assets
GROUP £ £ £ £
Restricted funds - 442,505 442,505
Unrestricted funds - Designated - 13,796,295 - 13,796,295
- Other 14,959,549 1,256,733 2,567,434 18,783,716
14,959,549 15,053,028 3,009,939 33,022,516
CHARITY
Restricted funds - - 442,505 442,505
Unrestricted funds - Designated - 13,796,297 - 13,796,297
- Other 14,959,549 1,256,733 2,564,735 18,781,017
14,959,549 15,053,030 3,007,240 33,019,819
Asat30April 2024 Tangible Investments Netcurrent Total
fixed assets assets
GROUP £ £ £ £
Restricted funds - - 1,415,099 1,415,099
Unrestricted funds - Designated - 16,025,296 - 16,025,296
- Other 6,796,396 1,352,919 950,791 9,100,106
6,796,396 17,378,215 2,365,890 26,540,501
CHARITY
Restricted funds - - 1,415,099 1,415,099
Unrestricted funds - Designated - 16,025,298 - 16,025,298
- Other 6,796,396 1,352,919 947,754 9,097,069
6,796,396 17,378,217 2,362,853 26,537,466

The unrestricted designated investment fund includes unrealised gains on investments of £512,346 (2024: £897,171).

Charity registration number 517919 / Company registration number 02016332

40

eoerw ee

Docusign Envelope ID: OFOE4FE7-71E3-4600-8BB6-OF F6B8D165D3

Martin House (Limited by Guarantee) Trustees’ report and financial statements 30 April 2025

,

°

Notes to the Financial Statements (continued)

19 Contingent Liabilities

The charity is party to a cross guarantee in respect of a group VAT registration. At 30 April 2025 the total group VAT balance was a debtor of £266,066 (2024: debtor of £280,691). :

20 Related Party Transactions

During the year, Martin House conducted the following transactions with its subsidiary, Martin House (Shops) Limited:

Martin House levied rent on Martin House (Shops) Limited amounting to £6,539 (2024: £6,105), and interest amounting to £1,466 (2024: £1,517).

Martin House (Shops) Limited donated £3,033 (2024: £2,558) to Martin House under Gift Aid.

At 30 April 2025, Martin House had a debtor balance of £44,624 owed by Martin House (Shops) Limited (2024: £25,273 debtor balance).

Charity registration number 517919 / Company registration number 02016332

41

Docusignign E Envelope ID: D: OFOFOE4FEFE7-71E3-4600-8BB6-0FF3-4600-8BB6-0F F6B8D165D3165D.

Martin House (Limited by Guarantee}

Trustees’ report and financial statements 30 April 2025

°

Notes to the Financial Statements (continued)

2024 2024 2024 2024 2024
Unrestricted
Funds—
General
£		 Unrestricted
Funds —
.
Designated
£		 Restricted
Funds
£		 Total
Funds
£
Income from:
Donations 2,260,204 - 4,690,612 6,950,816
Legacies 1,105,321 - - 1,105,321
incomefrom charitable activities:
Funding from Integrated Care boards - - 743,799 743,799
NHS England grants - - 1,160,781 1,160,781
Covid 19 grants - - - -
Other income 46,404 - - 46,404
Othertrading activities:
Incomefrom retail operations 2,024,815 - - 2,024,815
Fundraising events and lottery 1,349,729 - - 1,349,729
Other activities forgenerating
funds 43,249 - - 43,249
Income from investments 332,204 - - 332,204
Total income 7,161,926 - 6,595,192 13,757,118
Expenditure on:
Expenditureon raisingfunds:
Cost ofgenerating voluntary
income 1,402,808 - - 1,402,808
Costof retail operations 1,504,989 - - 1,504,989
Costoffundraising events, lottery
and other activities 689,886 - - 689,886
Investment managers cost 30,048 - - 30,048
Expenditureon charitable
activities 4,201,780 - 2,268,970 6,470,750
Exceptional costs 717,500 717,500
Total expenditure 8,547,011 - 2,268,970 10,815,981
Net income/(expenditure) before
net (losses)/gains on investments (1,385,085) - 4,326,222 2,941,137
Net gains/(losses) on investments - 493,194 - 493,194
(1,385,085) 493,194 4,326,222 3,434,331
Transfersbetweenfunds 4,368,223 (15,307) (4,352,916) -
Net movement in funds for the
year 2,983,138 477,887 (26,694) 3,434,331
Funds brought forward at
beginning ofyear 6,116,968 15,547,409 1,441,793 23,106,170
Funds carried forward at end of
year 9,100,106 16,025,296 1,415,099 26,540,501

Charity registration number 517919 / Company registration number 02016332

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