REGISTERED COMPANY NUMBER.. 02216886 {England and Wales) REGISTERED CHARITY NUMBER: 519931 Report of the Trnstee8 and Audltsd Consolldal Flnanclal Statsments for tho Year Ended 31 Mah 2025 for St Kentlgern Hosplce IA Company Llmlled by Guarantse) Salisbury & Company Business Solutions Limited Slatutory Audilors Chartered Accountants Irish Square Upper Denbigh Road St Asaph Denbighshire LL17 ORN
St Kentigem Hosplce Contents of the Consolldated Financial Statements for the year ended 31 March 2025 Page Report of the Trustees Report of the Independent Audltors Consolldated Statement ol Flnanclal Actlvltles Con8olldated Balance Sheet Charlty Balance Sheel 10 Consolldated Cash Flow Slalement 11 Noles to the Consolldated Cash Flow Statement 12 Notes lo the Consolldatsd Flnanclal Statements 13 to 27
St Kentlgern Hospice Consolidated Report of the Trustees for the year ended 31 March 2025 The Trustees who are also Diredors of the charity for the purposes of the Companies Act 2006, present Ihelr report with the consolidated financial slalemenls of the Charity and its Subsidiaries for the year ended 31 March 2025. The Trustees have adopted thè provisions of Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2015}. OBJECTIVES AND ACTIVITIES Objectlves & aims The charity's objective. and ils principal activity. continues to be providing specialist palliative care to people with advanced, life-limiling progressive disease and to support their families and carers. Our multi-disciplinary team strives to enhance the highest quality of life for our patients in meeting their physical, psychological, social and spiritual needs. We provide Inpalienl care to support patients who require symptom management, rehabililalion, planned-respite and end of life care. We also provide outpatient services through our Wellbeing Hwb, providing a range of support and activities for patients including a wellbeing programme and fatigue and breathlessness gfOUPS. Emotional and bereavement support and counselling is delivered from our Family Support team for patients and their carerslfamilies. Our patients and their carerslfamilies also have support from complimentary therapists. music and art therapy. As a Hospice we have a unified objective of working as "one team" to support our strategic direction. Our strategic aims and objectives have been set and we are measuring our perforrnan against them. We are ambitious lo continue being recognised as a centre of excellence for the provision of spe¢ialisi palliative care, through our ¢ommllment to continuous improvement in all that we do. How we partnership proactively with the Health Board, Hospice UK and Welsh Government to damonslrate the importance of Ihe services we provide is essential, with the aim to optimise the statutory income we receive. Th8 Hospice works closely with other charitable organisalions and our own team of volunteers to enhance the provision of care and support for patiènts, their families and carers. The Trustses confirm that they have referred to the guidance contained In the Charity Commission's general guidance and comply with the Charilies Act 201 J s17 15) on public benefit when reviewing thé charity's aims, obj'ectives 8nd operallons and setting the pollcy for the year. Slgnlflcant actlvltle8 Rlses In the Cost of Llvlng 2024-25 saw a rise in the cost of living including energy o)sts. The implementation of increased Employ8r National Insurance contributions, an increase in the Real Living Wage and aligning clinical salaries with the NHS have all irnP8¢ted on costs. Hospices nationally are experiencing an impact on income and their cost base. During 202412025 we received 20% of our costs from statutory funding. the remainder VBS achieved through our income generating initiatives. We are hugely grateful for the continued and valued support of those who enter our lottery, purchase raffle tickets. use our retail shops. give donations. visit our Cafe Cariad and remember us in legacies. Withoul this community support we couldn't offer the continued spèaalisl services we deliver to our patients and their families. Thank you to all who are committed in supporting the seNices we deliver to those in our community. Our fundraisers have been Involved in both community events and online campaigns. developing corporate champions, and enablin9 SUPPQrters to generate income. Retail have improved the processès of receiving, selling, delivering and collecting donated items. We were gralefvl for and humbled to receNe a number of legacies in the year. During the year, the Board of Trustees provided strategic direction and support to the CEO and the senior management team and have been assured and are confident of the due diligence the managemenl team delivered. Thé Board of Trustees acknowledge arnj give thanks lo all the staff and volunteers who make St Kentigern Hospi the special place it is, who pla patients, their families and carers at the heart of all we do. focussing on each individual person's needs. teliefs and life experience and what matters to them. Nolthstanding the on-going cost of living and energy rJisis. together with the lasting impact of Covid 19. the Board of Trustees look forward to and remain positive about Sl Kentigem Hospi,$ future, both in continuing to provide specAalisl palliative care for ils local populations and in further developing the services it provides over the coming years. OBJECTIVES AND ACTIVITIES Publlc benefit The Iruslees have paid due regard to guidan issued by the Charty Commission in deciding what activities the charitable company should undertake. Page 1
St Kentigern Hosplce Consolldated Report of the Trustees for the year ended 31 March 2025 FINANCIAL REVIEW Financial posltlon The statement of financial activities shows a net SUfFlus of £39,831 and our resee$ sland al £6.118,887, which Includes cash at bank of £505,005. The result is erttiuraging given the current economic dimate we face. Sl Kenligern Trading Limrted (which Gomprises of all retail activities and Caffi Cariad) prOdUd a surplus, donated to the charity, of £166,361 and St Kentigem Promotions Limited a surplus. dcffiated of £158,758. Both subsidiaries, results are encouraging. Our objective is to providè sustainable end of life care and we constantly measure and review our pèrformance against budget and future plans. We are always very grateful to our volunleers and supporters. who contribute in so many ways and who have been so generous in supporting the Hospice and our stsff. Investment pollcy and objectlves Under the Memorandum and Articles of ASSlation. thè tharity has the power to make any investment which the Trustees see fil in accordance with the Trusteè Act 2¢XK). Surplus funds are deposited at the best rates of return provided by our bankers. Reserves pollcy The Trustees, policy Is to ensure that reseNes and funding are sufficient to support the continuation of our clinical servlces for more than hvelve months. The Trustees are confident that income generated through our income gener8ting departments. donations and statutory funding will continue and that the current reserves of the charity are salisfaclory. Golng concern The Trustees have prepared income and expenditure and cash flow forecasts lo 31st March 2026 and are satisfied that the financial statements should be pr8pare(l on a going concern basis. Cash balances are deemed Sufficient to m8el any outgoings for the next 12 months. FUTURE PLANS We are focussed on delivering the objectives sel out in our S year strategy 2023-2028. setting clear aims through an annual delivery plan. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by ils governing document. a deed of tmst, arKI constitutes a limited company, limited by guarantee, as defined by the Companies Act 2. Recrultment and appolntmenl of new trustse8 Trustees are appointed by eledion at the Annual General Meeting. Trustees come from various backgrounds, with a variety of skills and expertise, and newly appointed Trustees undergo an induction to the objectives, scope and policies of the charity and a skills analysis to assess thèir strengths and any development needs, which may require training. Organlsatlonal structure St Kenligern Hospice is a registered charity arKI cnmpany limited by guarantee and govemed by the Memorandum and Articles of Association. The Board of Trustees, joined by the Executive Management Team meets bi-monthly to set the Strategy of the charity. The Chief Executive is the accountable officer lo the board of trustees for all Hospice operations, she is the Registered Responsible Individual wlh Health Inspeclorate Wales IH.I.W) and is supported by an Executive Management Team., Matron who leads on the delivery of all clinical services who is the Registered Manager with H.l.W.' an Operations Manager who leads on the operational requirements of the hospice.. a Head of Income Generation, Marketing and Communications who leads all income generation departments and a Finance Manager. The hospice is supported by an increasing number of volunteers in all departments within the hospice, induding fundraising and in our shops. Related partles The charity has hvo wholly owned trading subsidiaries-. Sl Kenligern Trading Limited. which 0rateS shops selling donated goods and also Caffi Cariad, and St Kenligern Promotions Limited, which operates a lottery ar)d one wholty owned dormant subsidiary.. Sl Kenligem Marketing Limited. Page 2
st Kentigern Hosplce Consolldated Report of Ihe Trustees for the year ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 02216886 (England and Wales) Reglsterèd Charlty number 519931 Reglstered ofllce Upper Denbigh Road St Asaph Denbighshlre LL17 ORS Trustee8 Dr U Bisarya (resigned 161111241 Mr J E Osborne-vice Chair MrJROwen Ms A Hind Mr J S Thoma8- Chair Mr G Kershaw Mr G H Jones OBE Mr J G Thomas Ms R M Clarke Ms R M Williams MrA A Thomas Mrs A J Evans (appointed 18111124)- Treasurer Professor F Iryine {appoinled 1515124) Dr A Dalton (appointèd 16111124) Dr C Wallace (appointed 161111241 Company Secretsry Mrs J A Owen (resigned 31103125) Audltor8 Salisbury & Company Bu8in855 Solutions Limited Statutory Auditors Chartered Accountsnts Irish Square Upper Denbigh Road Sl Asaph Denbighshire LL17 ORN Page 3
st Kenllgern Hospice Consolldated Report of the Trustees for the year ended 31 March 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees {who are also the Directors of Sl Kents'gern HOSPI for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the Trustees to prepare financial statements for each financial year which give a Irue and fair view of the stste of affairs of the charitable company and of the incoming resources and application of resources, including the Income and expenditure. of the charitable company for that period. In preparing those financial slalemenls, the Trustees are required lo select suitable accounting policies and then apply tM consistently.. observe the methods and principles in the Charity SORP- make judgements and eslimales that are reasonable and prudent- prepare thè financial slalements on the going Concern basis unless il is inappropriate to presum8 that the charitable company wll continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time the financial position of the charitable company and to enable them lo ensure that the financial slatemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the Pfevenli¢)n and detection of fraud and other irregularities. In so far as the Trustees are aware.. there is no relevant audit information of vknich the charitable company's auditors are unaware., and the Trustees have taken all steps that they ought lo have taken lo make themselves aware of ary relevant audit inform81ion and lo establish that the auditors are aware of that infomati. AUDITORS The auditors, Salisbury & Company Business Solutions Limited. wll be proposed for re-appointment 81 the forthcoming Annual General Meetsng. Approved by order of the board of Iwstees on ... . and signed on its behalf by.. Mrs A J Evans - Trustee Page 4
Report of the Independent Audltors to the Members of St Kenllgern Hospl¢e Opinion W8 have audited the consolidated financial Statements of Sl Kentigern HospKe (the 'group"l arKI Ihe financial statements of St Kenligern Hospice Ilhe "charitable company") for the year ended 31 March 2025. The consolidated financial statements comprise the Consolidated Statement of Financial Aclivilie5. the Consolidated Balance Sheet. the Consolidated Slalemenl of Cash Flows, and the notes lo the consolidated financial stalemenls, including a summary of significant accounting policies. The charitable company financial s18temenls comprise Ihe Charity Ststemenl of Financtal Activities, the Charity Balanc Sheet, and the notes lo the charity financial statemen1$. ineluding a summary of significant auntIng policies. The financial reporting ffamework that has been applied in their preparation is applicable law and United Kingdom Accounting Slandafds. including Financial Reporting StarKlard 102 'The Financial Reporting Standard applicable in the UK and RepubliG of Ireland. In our opinion the financial statemenl$'. - give a true and fair view of the slate of the Group's and of the parent charitablè e<>mpany's affairs as al 31 March 202 5 and of the Group's incoming Tesources and application of resources. including ils incnme and expenditure, for Ihe year thèn ended.. have been properly prepafed in accordanc wilh Uniled 'ngdoM Generally Accepted Aon{ing Practice. induding Financial Reporting Standard 102 'The Financial Reporting Stsndard atplicable in the UK and Republic of Ireland,: and - have been prepared in a¢¢ordanee with the requiremen1$ of the compan Act 2006. Ba818 for oplnlon We conducted our audit in accordanog with Inlemalional Standards on Audiling (UK) IISAS IUKI) and applicable law. Our responsibilities under those standards are further described in the AudiloTS' responsibilities for the audit of th8 finan¢Sal statements section of our ¥eport. We are independent of the chariiable company and the group in accordance with the ethical requirements that are relevant lo our audit of the financial 51alemenls in the UK. induding Ihg FRC'$ Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordance with Ih8se qUIrements. We belK?v8 that the audit gviden¢8 we have oblalned is Sufficient and appropriate to provkle a basis for our opinion. Con¢lu8lon8 relatlng to golng con¢orn In auditing the financial slalements, we have concluded that tho tru$lee$' u89 of the going concern basls of 8¢countlng in the prepafation of the financial statements is appropriate. Based on the work we have performed, we have not identified any malori81 uneertainlies relating lo even18 or condillons that. individually or collectively, may cast significant doubl on the ¢harilabl8 companys ability to conlinue a$ a going concern for a p•riod of al lea81 tsvelve months from when the finanaal statements are aulhorised for is8. Our re$pon8ibililie8 and the re5pon8ibililw of the twslees with resped to golng concem are de8ciibed in the relovanl 8e¢llon$ of this report. Oth•r Informatlon The l(uslee8 are responsible for It* other infomialion. The othor infomialion cMpriseS the infornation induded in Ihe Annu81 Report, other than the financial slatem8nls and our Report of the Independent Auditors Iher60n. Oyr opinion on the financial Statements does not cover tho olher information and. except lo the oxtent olherwisa explicilty stated in our report, we do not express any form of assurance cndUs1on Ihereon. In connection with our audit of the financial statements, our responsibility is lo read tho olh&r Information and. in doing 80, considor whether the other infornalion is materially inconsislenl with the financial slalements or our knowledge obtained In the audit or otherwise appears lo be maleiially misstated. If we Ktenlify such material inconsislencie5 or apparenl material misslalements, we are required lo determine whether this gives rise lo a material misstslemenl in the fin8ncial slat8ments Ihemselves. If. based on the work we have performed, we condude that there is a material misslatemenl of this other Infom)alion. w8 are reqvired to reF)Ort that f8cI. We have nothing to report in this regard. Oplnlons on othgr rn•tt•rn pr•8crfbod by the Companio8 Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the infom)ation given in the Report of the Trustees for the financial year for which the financial slatemenl$ are pRpared 18 consistent with the financial slalemenls.. and the Report of Ihe TN$tees has been prepared in accordance with applicab legal requirements. Mattor• on whlch we are required to Y•port by exception In the light of the knowledge and understanding of th8 charilable company and its environment obtslned in the course of the audit, we have not identified material mi5$talements in the Report of the Truslees. We have nothing to pOrt in resFect of the followng matters where th8 Companios Act 2006 requires us to report to you if, i n our opinion= adequate accounting records have r)ot been kept or returns adequate for our audit have not been ¢81Ved from branches not visited by us,. or the financial slalements are not in agreement with the accounting reeords and retums.. or certain dis¢losures of trustees, remuneration specified by law are not made., or we have not received all the information and explanalions we require for our audit- or the Iruslees were not entitled lo take advantage of the small mpanIeS exemption from the requirement lo prepare Slralegic Report or in preparing the Report of the Trustees. Page 5
Report of the Independent Audltors to the Members of st Kentlgern H05pice Responslbllities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such inlernal control as the trustees delemiine 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 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 tharitable company or to ase operations. or have no realistic alternative but to do so. Our responslblllties for the audlt of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslalemenl, whether due to fraud or error, and lo issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance. is not a guarantee that an audit conducted in accordan wlh ISAS IUKI will alvY$ detect a material misstatement when il exists. Misslalemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to intluence the economic decisions of users taken on the basis of these finarrial stalements. The extent to which our procedures are capable of detecting irregularities. induding fraud is detailed below.. Irregularities, induding fraud. are instsnces of n•cOMpliance viilh lawE and regulations. We design procedures in line with our responsibilities. outlined above, lo delect malenal misslalements in respect of irregularities, including fraud. Owing to the inherent limilalions of an audit, there is an unavoidable risk that material misstatement in the financial statements may not be detected, even though the audit is properly planned in accordance with ISA {UK). We obtained an understanding of the legal and regulatory frameworks applicable to the company and Ihe industry in which it operates through our general commerual and sector eXPenen and discussions with management, We delemiinèd that the following laws and regulations were most significant.. The Companies Act 2006, FRS 102 the 'Financial Reporting Standards applicable in the UK and Republic of Irelantl. and relevant UK tax legislation. In addition. we concluded that there are certain laws and regulations that may have an effect on the determination of the amounts and dlsclosures within the financial statements suth as Health and Safety laws and regulations. We accessed the susceptibility of the company's finanaal statements to material misslalement. including how fraud might occur. Audit procedures performed by the engagement team induded.. Oiscussions with management, including consideration of known or suspected instsnces of n¢)n-compliance wlh laws and regulations or fraud.. Obtain an understanding ol the internal controls that management have in place to prevent and delecl fraud,. Challenging 8ssumplions and judgements made by management in its significant accounting estimates.. Reviewing the financial statement disdosures and assessing the appropriatemss of the accounting policies used., Identifying and testing journal entries, in particular manual or unusual enlries,. Obtaining third party confirmations of all the companies banking arrangements; Performing analytical prOdureS lo identify any unusual or unexpected relationships.. Conclude on the appropriateness of the directors, use of the going conrn basis of accounting. The assessment of the appropriateness of the collective competence and capabilities of the engagement team included consideration of the engagements team's knowledge of the industry in which the dienl operates in and understanding of, and practical experience with. audit engagements of a similar nalure and complexity through appropriate training and participation. There are inherent limitations in the audit prdureS described al)ove. We are less likely to become aware of instan$ of non-compliance with laws and regulations that are not dosely related to events and transactions feflecled in the financial statements. Also, the risk of not delecling a material misslalement due to fraud is higher Ihan the risk of not detecting one resulting from error, as fraLKI may involve deliberate concealment. Our audit predre$ are designed to delect material misstatement. We are not responsible for preventing non- Complian or fraud and cannot be expected to detect non-compliance with all laws and gUla'0ns. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council'5 website at www.Irc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Audilors. Page 6
Report of the Independent Audltors to the Members of St Kentlgem Hospice Use of our report This report is made solely to the charitable companys members. as a body. in accordan 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 auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the haritable company's members as a tx)dy. for our audit work, for this report. or ft)r the opinions we hav8 formed. 4J4.Ic Aled Roberts BA FCA (Senior Slatulory Auditor) for and on behalf of Salisbury & Company Business Solutions Limited stalulory Auditors Chartered knountants Irish Squar6 Upper Denbigh Road Sl Asaph Denbighshire LL17 ORN Date: Page 7
St Kentlgern Hosplce Consolldated Statement of Flnanclal Actlvltle5 for Ihe year ended 31 March 2025 2025 Total funds 2024 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations, legacies and grants 1.¢J]6,336 1.473,030 2,479,366 2,091,484 Other trading activities Investment income other income 1,435.909 1,435,909 10,567 10,567 5,220 925 295) 1,272,623 7,573 7.416 Total 2.453.737 1467.810 3 921547 3 379 096 EXPENDITURE ON Raising funds 1,160,130 1,160,130 931,255 Charltable actSv111è8 Charitable activities 1277.531 1444 055 2 721586 2 531647 Tolal 2.437,861 1444,055 3.881716 3,462,2 NET INCOMEIIEXPENDITURE) Other recognlsed galn81(losses} Gains on revaluation of fixed assets 16,076 23,755 39,831 183,8061 157 506 Net movement In lunds 55,362 23.755 79,117 73,700 RECONCILIATION OF FUNDS Total funds brought forward As previously reported Prlor year adjustment 5.843,917 395.853 57.316 6,039,770 5,966.070 12 A8 reststed 5,701,233 338,537 6,039,770 5,966,070 TOTAL FUNDS CARRIED FORWARD 5 756 595 6 118887 6 039 770 The notes fom) part of these finanaal statements Page 8
St Kentlgèrn Hosplce Consolidaled Balance Sheet 31 March 2025 2025 Total funds 2024 Total funds Unrestricted fund Restricted funds Notes FIXED ASSETS Tangible assets Investments 19 20 3.IJXI.137 2.110.672 295,415 3,295.552 2 110672 3,401,688 2 071386 5.110,809 295.415 5,406,224 5,473,074 CURRENT ASSETS DebloTS Cash at bank and in hand 390,077 438 128 390,077 370,642 396 422 828.205 66.877 895.082 767,064 CREDITORS Amounts falling due within on8 year 23 (182.419) (182.4191 (200,3681 NET CURRENT ASSETS 645.786 66,877 568.696 TOTAL ASSETS LESS CURRENT LIABILITIES 5,756,595 362,292 6,118,887 e,039,770 NET ASSETS 5 756.595 362.292 6,118887 6 039 770 FUNDS Unreslricled funds.. General fund Reslricled funds.. Capital expansion fund 24 5,756,595 5,701,233 362,292 338 537 TOTAL FUNDS 6 118887 6 039 770 These financial statements have been prepared in accordan v4ith Ihe provisions applicable to charitable mpanIeS subject to the small companies regime. an¢ial stat8m8nts were approved by the Board of Trustees and authorised for issue on i../i.a/JS and were signed on its behalf by: rustee Mrs A J Evans - Trustee The notes form part of these finawal statements Page 9
St Kenligern Hosplce Charity Balance Sheet 31 March 2025 2025 Total funds 2024 Total fijnds Unrestrided fund Restricted funds Notes FIXED ASSETS Tangible assets Investments Investments Investment in subsidiaries 19 3.¢JXI.137 295.415 3.295.552 3,401.688 20 21 2,110,672 2,110,672 2,071,386 5,110,813 295.415 5.406.228 5,473.078 CURRENT ASSETS Debtors Cash at bank 21 386.509 386,509 428213 378,178 317 658 747.845 66.877 814,722 693.838 CREDITORS Amounts falling due wthin one year {102.1911 (102,191) {127,272) NET CURRENT ASSETS 566 564 TOTAL ASSETS LESS CURRENT LIABILITIES 5.756.467 362,292 6.118,759 6,039,642 NET ASSETS 5 756.467 362 292 6 118759 6 039 642 FUNDS Unrestrictèd funds Restricted funds 24 5,756,467 362 292 5,701,105 338 537 TOTAL FUNDS 6 118759 6 039 642 These financial slatemenls have been prepared in accordance wth the provisi¢Jns applicable to charitable wmpanies subject lo the small companies regime. The financial statements were approved by the Board of Trustees and aulhorised for issue on and were signed on its behalf by.. mas- uslee Mrs A J Evans - Trustee The notes fomi part of these financial statements Page 10
St Kentigern Hosplce Consolidated Cash Flow Ststement for the year ended 31 March 202S 2025 2024 Notes Cash flows from operatlng actlvltles Cash g8nerated from operations 179 229 25,597) Net cash provided byl{used in) operating activities 179.229 25,5971 Cash flows from Inve8tlng acllvStles Purchase of tangible fixed assets Purchase of fixed asset investments Sale of tangible fixed assets Interest received (81.214) (42,138) (500,000) 10.567 Net cash used in investing activities 534 5651 Change In eash and cash equlvalènts In the reportlng perlod Cash and cash equlvalent8 at Iho beglnnlng of the reportlng perlod 108,583 1560,162) 396,422 956 584 Ca8h and cash equlvalents at the end of the reportlng perSod 505,1Y)5 396.422 The notes forni part of these finanrial statements Page11
St Kentlgern Hospice Notes to the Consolidated Cash Flow Statement for the year endèd 31 March 2025 RECONCILIATION OF NET INCOMEIIEXPENDITUREI TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net Incomel{expendlture) for the reportlng perfod (as per the Slatement of Financlal Actlvltles) Adjustments for: Depreciation charges Loss on disposal of fixed assets Interest received Increase in debtors IDecrease)lincreas8 in creditors 39,831 183.806) 179.321 7,973 (10,567) (19,380) 17,949 179.706 1,539 17,573) (139,066) 23.603 Net cash provlded byl(used In) operatlon8 179 229 25,597) ANALYSIS OF CHANGES IN NET FUNDS At 114124 Cash ftow At 3113125 Net ca8h Cash al bank and in hand 108.583 505 005 Total 108 583 505 005 The notes form part of these finanaal statements Page 12
St Kenllgem Hosplce Notes to the Consolidated Financial Statements for the year ended 31 March 2025 ACCOUNTING POLICIES Ba818 of prepaiing the financlal statements The consolidated financial slalements of the charitable company and its subsidiaries, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting SlarKJard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191,, Finanaal Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2¢JJ6. The financial slalements have been prepared under thè hlstorical cost convention, with the exception of inveslmenls 1¢h are induded at market value. Income Incoming resources represent amounts raised from fundraising, shops trading, grants, donations and income gift aided by subsidiary trading companies. Fundraising and donations income is recognised when received and banked. Retail income is recognised at point of sale. Gifts donated for sale are included income at the point of sale. No amounts are induded in thè financial stalements for servi¢8s donated ty volunteers. For legacies, entitl8m8nt is taken as the earlier of the dale on which either.. the charity is aware that probate Is granted. the estate has been finalised and notification has been made by the executors to the hospice that distribution will be mad8, or then a distribution is reiVed from the estate. Receipt of a legacy, in whole or In part. is only considered probable when the amount can be measured reliably and the charity has been notified of the executorfs intention to make a distribLJlion. Where legacies have been notified to the charity, or th8 charity is aware of the granting of probate, and the criteria for income recognition have not been met. then the legacy is treated as a conlingenl asset and disclosed if material. Grants receivable are sèt against capital expenditure to bthich they relat8 in the period in which the charity 18 enliued to rec8iPI. Revenue grants are induded In the pèriod they are received. Expendlturo LIa'11t1es are rerxsgnised as expenditure as soon as there is a legal or conslruclive obligation committing the charity to that expenditurè, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accolsnted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Wlerè costs cannot be directly attributed to particular headings they have been allocated to activities on a basis Gonsistent with Ihe use of resources. Allocatlon and apportlonmenl of cost8 Overhead and support costs are allocated belweèn charitable activities and governance costs. Tanglblo flxed assets Depreciation is provided at the foll¢)wing annual rates in order to write off each asset over its estimated usefijl Ilfe. Leasehold improvements Technology and equipment Fixtures and fittings Motor vehicles Straight line over 40 years 20% on cost 10% on cost 25% on reducing balar Tangible fixed assels are initially recognised at cost of acquisition including any costs that are directly attributable to bringing the assets into working condition for their intended use. Taxatlon The charity is exempt from c¢)rporation tax as all its income is charitable and is applièd for charitable purposes. Fund accountlng Unreslrided funds can be used in accordance with the thariiable objectives at the discretion of the trustees. Restricted funds only b8 used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of eath fund is irtluded in the notes to the financial slalements. Donated Servlces The basis of valuation for donaled services of volunteers is that deemed costs are not recognised wthin the statement of financial activities. continued... Page 13
St Kentigern Hosplce Notes to the Consolldated Flnanclal Statements - contlnued for the year ended 31 March 2025 ACCOUNTING POLICIES - ¢onllnued Penslon Scheme A defined benefit pension scheme is operated for all eligible employees. The assets of the scheme are held separately by the National Health Service Superannuation Scheme. Contributions to the scheme are charged to the profil and loss account as these are incurred. This pension scheme does not have a real pension fund but, as slalulory scheme. benefits are fully guaranteed by the government. Contributions from both members and employers are paid to the exchequer. which meet the cost of increasing benefits each year by the rale of inflation. This exlra cost is not met by contributions from scheme members and employers. As a result of the nature of th6 pension scheme, there are no separalely identifiable assets and liabilities which can be identified as relating to Sl Kenligern Hospi. Therefore. as permitted by FRS 102, the scheme has been accounted for as a defined conlribtslion scheme. Irrecoverable VAT Irrecoverable VAT is charged against the category of resources expended for which it was incurred. VAT 126 laims for VAT relating to non-trading expenditure of the charity stsrted being submitted in April 2015. Group Accounts These financial statements (xjnsolidate the results of the charity arKI its subsidiary companies, Sl Kenligèm Promotions Limited and St Kentigem Trading Limited on a line by line basis. A separate Slalement of Financial Activities for the charity is not presented because the charity has taken advantage ol the exemptions afforded by paragraph 393 of the SORP and section 408 of the Companies Act 2006. The chanty owns shares in St Kenligern Trading Limited, St Kenligern Promotions Limited and St Kentigem Marketing Limited {domanl) and directors of these companies are also directors of the charity. Investments Investments are included in the financial slalemenls at mafket value. Realised gains and losses are re¢x)gnised in the accounts on disposal of the investment and unrealised gains and losses reflèct the movement in market value from the previous period end, or frcth the value at acquisition if later. Investments in subsidiaries are stated at cost less provision for impairment. Income Is recogni8ed in the statement of finanaal activities vthen the right to receive it is established. No revaluation is made for unrealised gains or losses. Stock8 Stock and work in progress is value at the lower of cost and nel realisable value. Gifts donated lo hospice shops are valued at a nil cost and included as income at the point of sale. Debtorn Trade and other debtors are recowised al the Settlement amount due. Prepayments are valued at the amount prepaid. Cash and ca8h equlvalents Cash at bank and cash in hand include cash within bank luntS held by the tharity and its Irading subsidiaries and cash float amounts. Co818 ol ralslng donatlon, legacles and grants The costs of generating donations, legacies and grants include the salaries of the fundraising team and the associated overheads. Charltable actlvltie8 The costs of charitable activities include the saaries of the medical. nursing and catering staff, costs of therapies, medical requirements and premises cosls. Bank Interest The Charity recognises bank interest on malurty and receipt. rather than vthen aued. Page 14 continued...
St Kentlgern Hosplcè Notes to the Consolldated Financial Statements - contlnued for the year ended 31 March 2025 DONATIONS, LEGACIES AND GRANTS 2025 2024 Donations Legacies Grants 298,682 704,653 1.476,031 249,424 578,024 1264 036 2 479 368 2.091.484 Grants received. included in the above, ar8 as follows.. 2025 2024 BCU- Servlce Level Agreements Other Grants 760,048 715,983 684,546 579 490 1476.031 1264 036 OTHER TRADING ACTIVITIES 2025 2024 Fundraising events Shop income Lottery Support groups Catering income 283,440 633,599 275,835 20,777 222 258 234,509 604,427 280,792 7,844 145 051 1435 909 1272 823 INVESTMENT INCOME 2025 2024 Investment Income RAISING FUNDS Ral8lng donallong, legacl08 and grants 2025 2024 staff costs Goods for resale & shop costs Van costs Office costs Lottery prizes Lottery costs 622,024 332.611 10.954 42,523 97,700 483,382 290,117 9,850 36,166 96,2¢JO 1117607 931255 Page 15 continued...
St Kentlgem Hospice Notes to the Consolldated Financial Slalements - contlnued for the year ended 31 March 2025 CHARITABLE ACTIVITIES COSTS Support costs {see note 71 Direct Costs Totals Charitable acttvrties 2 681687 2 764 109 SUPPORT COSTS Governance costs Finance Othèr Totals Charitsble 8clivilies 3,997 72,286 6.139 82.422 Support costs, included in the above, are as foll¢)ws'. Flnance 2025 Charitable activities 2024 Total activities Bank charges Other 2025 Charitable activities 2024 Total aclivilies Management wage8 Governance c08ts 2025 Charitable activities 2024 Total activities Auditors, remuneration NET INCOMEI(EXPENDITURE) Nel incomel{expenditure) is slated after chargingl(crediling)'. 2025 2024 AudiloTS' remuneration Depreciation - owned assets Deficit on disposal of fixed assets 6.139 179.378 6,100 179,705 TRUSTEES. REMUNERATION AND BENEFITS There were no trusteès. remuneration or other benefits for the year eThJed 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no trustees, expenses paKI for the year er)ded 31 March 2025 nor for the year ended 31 March 2024. Page 16 continued...
St Kenllgem Hosplcè Notes to the Consolldated Financlal Statements - Contlnued for the year onded 31 f•larch 2025 10. STAFF COSTS 2025 2024 Wages and salaries Social security costs Pension costs 2,332,967 207.887 144.095 2,023.282 175.936 126 720 2 684.929 2.325,938 Key management pernonnel compensatlon The total remuneration paid to key management pers¢)nnel duriNJ the year was £271.918 {2024.' £193,186). The average monthly number of employees during the year was as fcllows: 2025 2024 Administratlon Hospice operations Income generation 54 29 29 90 90 Ouring the year, one employee'$ emoluments exceed £60,000. The total g1088 remuneralK)n of Ihis employee was £71,663, wilh omployer pension contributions of £10.305. This falls wthin the £70,001-£80,000 remuneration band. The average vthole time equivalent employees during the year was as follows: 2025 2024 Administration Hospice Income Genèration 41.7 21.4 39.2 21.4 68.3 65.6 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations, legacies and grants 2,086,043 5,441 2.091.484 Other trading activities Investment income Other incom8 1.272.623 7.573 1,272,623 7,573 Totsl 3 373 655 3 379 096 EXPENDITURE ON Raising funds 931,255 931,255 Charltable acllvltles Charitable activities 2 468.89) 2 531647 Total 3.400.145 62,757 3,462,902 NET INCOMEI(EXPENDITURE) other recognised galnslllosses) Gains on revaluation of fixed assets 126,490) (57,3161 {83.8061 157.506 Nèt movement In funds 131.016 {57.316} 73,700 Page 17 continued...
St Kontigern Hospl¢e Notss to the Consolldated Flnanclal Statements - contlnued for the year ended 31 March 2025 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Contlnued Unrestricted fund Restricted funds Total funds RECONCILIATION OF FUNDS Total funds l)rou9ht forward 5,570,217 395,853 s,8,070 TOTAL FUNDS CARRIED FORWARD 5 701,233 8.039 770 12. PRIOR YEAR ADJUSTMENT Prior year adjustment is in relation to thé inclusion of deprèaati¢)n apportionment for restricted funds. PENSIONS 13. The charity provides a defined conlnbulions scheme. the assets of which are held separately from those of the company in an independently administered fund. Contributions to this scheme are charged to the profit and loss account as they become payable. Employer conlfibLrtions of £144,095 12024.. £126.720) and employee contributions of £114,6C(1 (2024.. £99.165) Vre payable to the fund during the year. FINANCIAL PERFORMANCE OF ST KENTIGERN HOSPICE 14. The consolidated Statement of Financial Activities includes the results of the hospice's wholly owned subsidiaries, St Kenligern Promotions Limited and St Kentigern Trading Limited. The summary financial perlomiance of the hospice alone is: Unrestricted Reslricled Fund Fund 2025 2024 INCOME AND ENDOWMENTS FROM Donations. legacies and grants 1,(X)2.045 1,473,030 2,475.075 2,082,806 Other Irading aclivi118s Investment income Other income 629,336 10.567 925 829,336 10,567 295 580,625 7,573 Totsl 2873 146781 EXPENDITURE ON Raising funds 344.259 344,259 262.491 Charltable actlvltles Charitable activities Totsl 1626797 144 055 3 070 852 2 762 226 NET INCOMEIIEXPENDITURE) other recogni8ed galn$lllosse8) Gains on revaluation of fixe(l assels 16.076 23,755 39,831 (83,806) 157 Net movement In funds 55,362 23.755 79.117 73,700 Page 18 continued...
St Kentlgem Hosplce Notes to the Consolidated Flnanclal Statements - contlnued for the year ended 31 March 2025 15. FINANCIAL PERFORMANCE OF ST KENTIGERN PROMOTIONS LIMITED St Kentigem Hospice ijwns the entire share capital of St Kentigem Promotions Limited (company no.03265191) , which operates a lottery and donates its surplus to the hospi on an annual basis. The trading results of Sl Kentigern Promotions Limited. as extracted from the financial statements. are summarised below. 2025 2024 Lottery income Donations 275,835 280.791 280.125 121367 289,472 122 0521 Expenditure on fundraising Nel surplus 158,758 167,420 Oonalion to hospice 158.758> 167 420) Retalned in SUbdiary The assets and liabllltles of the subsidiary vre. Current assets Current liabilities 56,251 82,304 62 174} Total n8t assetsllliabilitie81 130 130 Aggregate share capital and reseNes 130 130 16. FINANCIAL PERFORMANCE OF ST KENTIGERN TRADING LIMITED st Kentigern Hospice owns the entire share capital of St Kenligern Trading Limited (company no. 03265016), which operates Ihe trading activities on behalf of thè hospice in the form of charity shops and Cafe Cariad and donatès its profits lo the hospice on an annual basis. The trading results of St Kenter Trading Limited, as extracted from the financial statements, are summarisad below.. 2025 2024 Income 855 857 722 778 Expenditure on fundraising 689 496) 578 3721 Net surplus 166,361 144.406 Amount donated to St Kenligern Hospice 144 406) Retained in Subsidiary The assets and liabilities of the subsidiary were- Current assels Current liabilities 54,710 35.626 35 6241 Total net assetsl{liabilities) Aggregate share capital and reserves Page 19 ontinued...
St Kentigem Hosplce Notes to the Consolidatsd Flnancial Statements - continued for the year ended 31 March 2025 17. FINANCIAL PERFORMANCE OF ST KENTIGERN MARKETING UMITED st Kentigern Hospi owns the entire share capital of St Kentigem Marketing Limited (company no. 03265049}, which has remained dormant during the year. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: 2025 2024 Within one year Beeen one and five years More than five years 82,143 234,781 306,408 85,512 265,614 357,728 623 332 708,854 Al 31 sl March 2012, the charity had annual commitments of £10 under a non-cancdlable operating lease, which expire5 on 31st August 2034. Durlng the year, £84.8Q) {2024'. £88,327) has been recognised within the finanaal statements as an expense relating to operating leases. Page 20 conts'nued...
st Kentigem Hosplce Notes to the Consolldated Flnancial Statements - contlnued for the year ended 31 March 2025 19. TANGIBLE FIXED ASSETS Leasehold land and buildings Technology and equipment Leasehold improvements COST At 1 April 2024 Additions Disposals 912.004 3.055,204 20,432 119,519 12.201 At 31 March 2025 912.(J)4 3.075.836 127,934 DEPRECIATION At 1 April 2024 Charge for year Eliminated on disposal 600,671 22,800 322.773 79.738 71,235 22,583 At 31 March 2025 623 477 402511 NET BOOK VALUE Al 31 March 2025 288.527 2 873 125 At 31 March 2024 311327 2 732 431 Fixtures and fittings Motor v8hic18S Totals COST At 1 April 2024 Additions Disposals 509,779 27,831 52,332 20.750 4,848,838 81,214 20 399) At 31 March 2025 520 997 4 709 853 DEPRECIATION Al 1 Apnl 2024 Charge for year Eliminated on disposal 214.668 50,620 37,797 3.635 1.247.150 179,376 12 4251 At 31 March 2025 1414 101 NET BOOK VALUE At 31 March 2025 285 063 3 295 $52 At 31 March 2024 295 111 3 401688 All fixed assets of the group are i)wned by the Hospi. Page 21 ntinued...
St Kenligern Hosplce Notes to the Consolidated Flnanclal Statements - conllnued for the year ended 31 March 2025 20. FIXED ASSET INVESTMENTS Investments MARKET VALUE At 1 April 2024 Unrealiseij investment gains 2.071.388 39.286 At 31 March 2025 2 110.672 NET BOOK VALUE At 31 March 2025 2.110,672 At 31 March 2024 2.071388 There were no investment assets outside the UK. All investments of the group are held within the hospice. Investment portfollos are held th Brewin Dolphin and Ralhbones. 21. INVESTMENTS IN SUBSIDIARIES Other investments MARKET VALUE At 1 April 2024 and 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 22. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group 2025 Hospice 2025 Group 2024 Hospice 2024 Trade debtors VAT Prepayments Sundry debtors Amounts owed lo grP undertakings 932 3.253 57.554 328,338 932 77.003 1.973 33.130 258,534 77,003 29,943 325,033 17,591 255,462 386 509 370 640 374 758 Debtors are all receivable within one year. 23. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group 2025 Hospice 2025 GTOUP 2024 Hospi 2024 Trade creditors Accruals PAYE liability Other creditors 49.915 27.229 67.928 37.348 19.885 20,824 61,481 48,410 51.225 62.825 37,9( 22,378 47,850 57.043 102.190 200.366 127,271 Page 22 ntinued...
St Kentlgern Hospice Notes to the Consolidated Flnanclal Statements - contlnued for the year ended 31 March 2025 24. MOVEMENT IN FUNDS (GROUP) Prior year adjustment Net movement in funds At 3113125 At 114124 Unrestrlctsd fund8 General fund 5,643,917 57,316 55,382 5,756,595 Restrlcled funds Capital expansion fund 395.853 {57.3161 23.755 362,292 TOTAL FUNDS 8.039.770 8118887 Page 23 continued...
st Kenligern Hosplce Notes to the Consolldated Financlal Statements - contlnued for the year ended 31 March 2025 MOVEMENT IN FUNDS (GROUP) - contlnued Net movement in funds. included in Ihe above are as foll0v. Incoming resources Resources expended Gains and losses Movemenl in funds Unrestrl¢ted funds General fund 2,453.737 (2.437.661) 39,286 55,362 Re8trlcted funds Capital expansion fund Belsi Ca¢JWaladr University Local Health Board Welsh Government The February Foundation 85.246 (61,491) 23.755 1.(7.805 309.959 {1,067.605) 1309,959) 5,000) 1.467.810 1444 055 TOTAL FUNDS 3 8817161 Comparatlves for movement In funds Net movement in funds At 3113124 At 114123 Unrestrlcted funds General fund 5,570,217 131.016 5,701.233 Restrlcled funds Capital expansion fund 395.853 {57,316} 338,537 TOTAL FUNDS 5 986 070 6 039 770 Comparative net movement in lunds. incFuded in the above are as follows.. Incoming resources Res¢)urces expended Gains and losses Movement in funds Unrestrl¢tsd funds General fund 3,373,655 (3.400,145) 157,SC6 131,016 Restrlcted fund8 Capital expansion fund 5,441 (62.757} {57.316) TOTAL FUNDS 3 379 096 3.462,902} Page 24 continued...
Sl Kentigem Hosplce Notes to the Consolldated Financial Statements - contlnued for the year ended 31 March 2025 MOVEMENT IN FUNDS (CHARITY)- contlnued Prior year adjustment Net movement in funds At 3113125 At 114124 Unrestrlcted fund8 General fund 5.638.348 62,757 55.362 5,756,467 Re8trlcted fund8 Capital expansion fund 401.294 (62,757) 23.755 362.292 TOTAL FUNDS 6.039.642 79.117 6,118,759 Net movement in funds. included in the abovè are as follows: IncomirvJ resources Resources expended Gains and losses Movement in funds Unrestrlcted funds General fund 1,642,873 (1.626,797> 39,288 55.362 Restrlcted funds Capital expansion fund Betsi Cadwaladr University Local Health Board Welsh Government The February Foundation 85,248 {61.4911 23,755 1.067.605 309,959 (1,067,605) (309.959) 1.487 810 1444 055 TOTAL FUNDS 3 110683 3.070 852} Comparatlve8 lor movement In fund8 Net movement in funds At 3113124 At 114123 Unrestrlcted fund8 General fund 5,570,089 131.018 5,701,105 Re8trlctsd funds Capital expansion fund 395.853 (57,316) 338.537 TOTAL FUNDS 5 965 942 6 039 642 Comparative net movement in funds. included in the above are as follows: Incomirvj resources Resources expènded Gains and losses Movement in funds Unrestrlctsd fund8 General fund 2.672.979 (2,6g9.4691 157.508 131,018 Restrlcted funds Capital expansion fund 5,441 (62.757) (57.316) TOTAL FUNDS 2.678.420 (2,762,226) 157,508 73.700 Page 25 continued.
St Kenllgern Hospice Notes to Ihe Consolldated Finan¢lal Statements - contlnued for the year ended 31 March 2025 MOVEMENT IN FUNDS (CHARITY) - contlnued A current year 12 months and prior year 12 months combined position is as follows.. Prior year adjustment Net movement in funds At 114123 3113125 Unrestrlcled funds General fund 5,570.089 62,757 186,378 5,819,224 Restrlctsd funds Capital expansion fund 395.853 {62,757) 133.561} 299,535 TOTAL FUNDS 152 817 6 118759 A current year 12 months and prior year 12 m¢)nths ccrfnbined nel movement in funds. included in the above ar8 as follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestrlctsd lund8 General fund 4.315,852 (4,326.266) 196,792 186,378 Re8trlcled funds Capital expansion fund Belsi Cadwaladr University Local Health Board Welsh Government The February Foundation 90.687 (124.2481 (33,561) 1,067,605 309.959 (1.067.605) (309,959) 1473 251 TOTAL FUNDS 5.789,103 (5.833.078) 196,792 152,817 Restrlcted funds The restricted fund represents monies received by the Charity from various funding l)odies and donors. Reslriclions have been placed on how the monies are spent by the funders, and as a result they have been recognised wthin restricted reserves. Page 26 continued...
St Kentigern Hospl¢e Notes to the Consolldated Flnanclal Ststements - contlnued for the year ended 31 March 2025 26. RELATED PARTY DISCLOSURES During the year, the charity entered into transactions with wlies that are considered related under FRS 102 and the Charilies SORP. Related parties indude trustees and entities in vthich they have a controlling or significant influen. Trustee8 As mentionèd in note 10, r trustee received remuneration. any other benefits or reimbursement of expenses from the charity during the year ended 31 March 2025 {2024'. £nil). Transactlons wllh Relatsd Entltle8 The charity has wholly owned subsidiary undertakings. St Kentsgem Trading Ltd and St Kentigern Promotions Ltd. which carry out non-charitable trading activities for the benefit of the Hospice. Both subsidiaries distributable their profits to the charity. st Kentigern Trading Ltd.. During the yeaT, St Kentigern Trading Ltd generated profits of vh)ich £27,861 {2024'. £49.406) remained undislributed al the year end. Sales amounting to £7.970 (2024.. £5,878) were transferred directly to the Hospice. At 31 March 2025, £12.680 (2024.. £1,274) VAS due to the Hospice. St K8nligern Promotions Ltd.. St Kentigern Promotions Lld made a profil of vthich £34.258 (2024: £33,789) was not transferred at th8 year end. Bank interest of £1,151 12024.. £8751 was transferred to the Hospw dunng the year. In 2025, raffle proceeds of £17,888 (2024.. £11,235) were transferred. At 31 March 2025, £17,921 {2024'. £23,428) was due to Ihe Hospice. All transactions beeen the tharity and ils subsidiaries are undertaken on a normal commercial basis. Amounts due from the subsidiaries are included Nmlhin debtors in the charity balance she8t. 26. ULTIMATE CONTROLLING PARTY The ultimate controlling party is the board of trustees. 27. LEGAL STATUS OF THE CHARITY The charity operates as a registered company, limited by guarantee. number of guarantees belng fourteen. The liability of each guarantor is limited to £1. Page 27