Registered number: 02211941
Charty number: 700272
THE PRIMROSE HOSPICE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Bishop Fleming

THE PRIMROSE HOSPICE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Reference and Administrative Detsils of the Charltable Company. Its Trustees and
Advisers
Trustees, Report
Trustees. Responsibilities Statsment
Independent Auditors. Report on the Financlal Statements
9-12
Statement of Financial Actlvltles
13
Balance Sheet
14
Statement of Cash Flows
15
Notes to th8 Financial Statements
16-34

THE PRIMROSE HOSPICE LIMITED
{A COMPANY LIMITED BY GUARANTEE)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND
ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
J Baldwin
R Cattell (appointed 8 April 2024)
L Chapman
B Cooper
M Duncan
A Haden {appointed 8 April 2024)
R Laight
D Locke
M Mushen (resigned 7 Oct(*)er 2024)
S Parkinson {appointed 2 June 2025)
O Reynolds (appointed 8 April 2024)
C Roberson
K Sharpe (appointed 8 April 2024)
J Till (appointed 8 April 2024)
R Watts (appointed 8 April 2024)
M Webb
Company registered
number
02211941
Charity reglstered
number
700272
Reglstered office
Primrose Hospi
st. Go￿aIdS Road
Bromsgrove
W0￿sterShIre
B60 3BW
Company secretary
A Dalton
Chief 8XOCUtive officer
D Bu￿ell
Independent auditors
Bishop Fl8ming Audit Limiled
Chartered Accountants
1-3 College Yard
Worcester
WR12LB
Bankers
Lloyds Bank plc
112 High Street
Bromsgrove
WOr￿StershIre
B61 8ES
Solicitors
HCB Solicitors Ltd
Redditch Office
Croft House
Moons Moat Drive
Redditch
Worcestershire
B98 9HN
Page 1

THE PRIMROSE HOSPICE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEE, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
On behalf of the Board of Trustaes. l am pleased to pr8s8nt the Annual Report for Primrose Hospi￿ for the
year ending March 2025.
The Annual Report serves the purposes of bolh a Trustees, Report and a Directors. Report under company
law. The Trustees confirm that th8 annual report and financial statements of the charitable company comply
with the current statulory requirements. the requirements of the charitable company's governing document
and the provisions of the Statement of Recommended Practic8 (SORP) applicable to charities preparing their
accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland
{FRS102} {effective 1 January 2019>.
Since th8 Charitable Company qualifies as -small" under section 382 of Ihe Companies Act 2008, the
Strategic report required of medium and large companies under the Companies Act 2006 {Strategic Report
and Directors, Report) Regulations 2013 has be8n omitted.
Introduction
Based in Bromsgrove, Primrose Hospice is an estsblished and highty respected charity. It has served the
population of Norlh East Worcestershire since 1988.
In 2024125 Primrose Hospice raised £1.90 million (£1.79 million in 2023124) which includes an annual grant
from the NHS. Around £1.55 million {£1.47 million in 2023124) of the monies raised was achieved thanks to
the generous support of local people and businesses. The money raised is spent on supporting people with
life limiting illness@s and families during difficult and challenging limes.
We need to proactrv8ly manage expenditure and income over the next few years to reduce our underfying
defi'cit and return the organisation to financial balance. The Finance and Income Generation and General
Matters Committee (FIGG) and the Board of Trustees approved actively managing income and expenditure
whilst strategically drawing on reserves to improve services.
Significant progress was made during 2024125 by increasing our income from retail and reducing costs by
judicious review of vacant posts. voluntary hours reductions for some staff and an increased scrutiny of non-
pay spend via an intemal LEAN focus across the organisation.
Th8 completed "Green and Sustainable. initialives mean that we are now generating around 60010 of our
electricity from solar and Heating the building via Biomass thereby reduang our impact on the environment
and significantly reducing our energy bills.
Objectlves and activities
. Policles and objectives
Primrose Hospice aims to work to support adults with life-limiting illnesses and families to offer a high quality
and responstve service appropriate to the needs of an individual.
The objectNes of Primrose Hospice are:
To provide sp8cialised palliative care for patients with progressive, advanced cancer and other
diseases from which they will not recover. across th& r8cognised domains of physical. psychological.
social and spirilual care, thereby assisting patients to achieve quality in their daily living.
To act as a point of liaison in issues of communication, ensuring palients and their families are
involved in decisions concerning their care and treatment, allowing them to make informed choices.
To provide infomiation to patients and families, ensuring they have full knowledge of all the support
services. financial benefits and aids they may require to achieve comfortable living.
To provide emotional support to individuals (adult or child between th8 ages of 6 and 18) by the
provision of train8d volunteer support workers or counselling.
Page 2

THE PRIMROSE HOSPICE LIMITED
(A COMPANY LIMITED BY GUARANTEE>
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
To provide the opportunity for the patient and family to discuss their chosen place of care and
eventual place of death, whether at hom8. in hospital or a nursing home.
To provide supportive care for patients with lrfe limiting illnesses by the provision of counselling,
information and complementary therapies.
In providing the above servI￿s, we are benefiting the individuals who avail themselves of these
services, together with carers and families. Primrose Hospice makes no charge for any of its
services.
The Trustees confirm that they have referred to the guidance conlained in the Charity Commission's general
guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
In setting objectives and planning for activities. Ihe Trustees have given due consideration to general
guidance published by the Charity CommissK)n relating to public benefit, including the guidants 'Public
benefit: running a charity (PB2)'.
b. Stratègies for achieving objectives
Whilst the Charity developed a dear 5 year strategy in 2018, this has been revi8wed in 2022 following the
covid outbreak and extended to 2026.
c. Activiti8s undertak6n to achieve objectives
At Primrose Hospice and Famity Support Centre, we are privileged to be able to support patients with lif8-
limiting illnesses and families experiencing bereavement. providing them with the care and support they need
during the most difficult and challenging times.
We offer a wid8 range of services including Day Hospi￿, Clinical Nurse Specialist services, Physiotherapy,
Family Support. Counselling and a Living Well Servi￿.
Our Family Support and Living Well Team support patients and families through challenging limes, offering a
range of one-to-one sessions and group support for all ages; this includes a bereav8ment seNice. The team
offers both practical assistance as well as an empathelic ear, providing advice for all the family and helping
them to deal with the demanding situalions that arise throughout their journey.
At Primrose Hospice we are also especially mindful of the impact on children, who do not always have the
language or underslanding to express how they feel. We understand that helping children to find creatlV8 and
safe ways in which lo expres5 their feelings after someone special dies is hugely important.
The Clinical Team support patients living with life-limiting illnesses such as heart failure, lung conditions,
Can￿r, neurological conditions and more.
Support is patient centred and based on individual need and diagnosis. The aim is to help patients manag8
their symptoms and aid decision making. As well as maximise independence and optimise quality of life
Ihrough therapeutic assessment, goal setting and delivering an evidence-based treatment programme.
Achlevements and performance
a. Key performance indicators
Primrose Hospice's priority has continued to be to provide care for those with lrfe limiting illness and support
for families regardless of whether their loved one was cared for by the Hospice.
Primrose Hospice's challenge continues to b8 to raise the funds to sustain our current services and respcnd
to any increase in demand for our Se￿ices.
Page 3

THE PRIMROSE HOSPICE LIMITED
(A COMPANY UMITED BY GUARANTEE)
TRUSTEES, REPORT {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
b. Review of activities
Primrose Hospice provides support to patients with life-limiting illnesses and families. providing them with the
care and support they require during difficult times.
c. Investmant policy and performanco
There are no restrictions on the powers of the Tnjstees to invest the funds of Primrose Hospice. The current
policy of the Trustees is lo have regard to income requirements and any risks which have been identrfied and
to retain any such ftjnds as are required in short tem bank deposit accounts. Primrose Hospice seeks to
produce the best financial r&turn within an acceptable level of risk. The investment objective for the short-term
cash reserves is to preserve the capital value Wlth a minimum level of risk. Assets should be readily available
to meet unanticipated cash flow requirements.
The Trustees have reviewed the reseNes of the charity. including th8 nature of the income and expenditure
streams, the need to malch variable income and fixed commitments and the nature of the reserves.
An inv8Stment policy was reviewed and updated at the Finants, Income Generation and General Matters
Committee and Board in July 2023 and is due for furth8r review in July 2026.
Funds totalling £356,829 have been designated for future essential projects including maintenan￿, security,
replacement of equipment and sustainability. These are unrestricted funds and approval of Trustees was
given at the Finance Income and General Matters Committee in Juty 2025.
A breakdown of funds designated by project is shown in the table below. This includes high cost maintenance
projecls but also funding to support the organisalion to offset our carbon footprint. We are committed to
achieving net zero on emissions by 2050.
Proj8Ct
Totsl
Estimated l Quotsd
EV Vehicles x 2
£60,990
£60.839
£50.000
£10,000
£10,000
£40.000
£40.000
£20,000
£50,000
Quoled
Quoted
Estimated
Estimated
Estimated
Electric Van
Roofing
Security
Garden Improvements
IT hardware
Building repairs I developments
Car Park Improvemenls
Green and Sustainable Furlher
Work
Reception Area Improvements
Estimated
Estimated
Estimated
Estimated
£15,000
Eslimated
TOTAL
£356,829
Page 4

THE PRIMROSE HOSPICE LIMITED
IA COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Flnancial revlew
a. Going concern
After making appropriate enquiries. the Trustees have a reasonable expectstion that the Charitsble Company
has adequate resources to continue in operational existen￿ for the fores88able future. This has been
reviewed and the Trustees are confidenl Ihere are sufficient reseNes to ensure the Hospice remains a going
concern beyond March 2028. For this reason. they continue to adopt the going concem basis in preparing the
financial statements. Further details r8garding th8 adoption of th8 going concem basis can be found in the
accounting policies (Note 2.2).
b. Reserwes poli¢y
The TNstees actively review the major risks which the Charity faces and beli8ve that maintaining reserves at
a lev81 to cover 6 months operating cosls. combined with an annual review of the controls over key financial
systems, will provide sufficient resources in the event of adverse conditions. The organisation aspires to have
6 months. reserves at any time (currently 11.40 months). Reserves actual￿ increased slightly during 2024125
so further expenditure to redu￿ reserves will be considered.
Whilst reseNes are greater than Ihe Charity aspires to in 'normal' times. There are risks around future income
levels and a deficit budget was set during 2025126, Trustees have approved setting a deficit budget and
maintaining addilional r8S8tves (via FIGG and Trustee Board) as a prudent buffer in a time of Un￿rtainlY
around future income for the Charity.
Financial review
The Balance Sheet shows designated, unrestricted and restricted r8senies at £356.829, £1,900.144 and
£1,391,714 r8sp8Ctively. In 2023124 designated. unrestricted and r8Stricted reserves were £380.829.
£1,991,966 and £1.368,987 respectivély.
Total incoming resource5 amounted to £1,903,362 (2023.. £1,787,877}. £314.150 of this was from slatutory
sources (£285,033 in 2024). For the other 83,49 % (84.06 % in 2024), Primrose Hospice remains heavity
dependent on the generosity of our local communty to support our retail shops. joint lottery and fundraising
activities.
There was a deficit of £93,095 in 2025 (in 2024 the frgure was a deficit of £207,814).
d. Principal funding
National Health Service Grants
Grant income from the NHS was £280,586, which equat8S to 14.74 % of the H05pice's total fijnding. Primrose
Hospice ensures that the limited resources are used responsibly to provide the best care and support to our
community.
Worcestershire Hospices Lottery
Worcestershire Hospi￿$ Lottery, a joint venture with Acorns Children's Hospice and St. Richard's Hospi￿,
generated income of £76,258 (2024. £76,119) for the Hospice.
Donations (Charitable Trusts, Fundraising & other donations)
Donations in 2025 were £557.151 (x)mpared to £526.907 in 2024. i.e. 29.270/0 of income.
Legacies and In Memoriam
Legacies and In Memoriam were £176.105 compared to £181,581 in 2024. 9.25 % of income.
Trading Activities
The income generated by Primrose's 5 retail shops was £726.186 compared to £679,985 in 2024125.
Page 5

THE PRIMROSE HOSPICE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
structure, governance and managoment
Constitution
The Primrose Hospice is registered as a charitable company limited by guarantee and was set up by a Trust
deed.
The Primrose Hospice is conslituted under a Trust deed and is a registered charity number 700272.
The Primrose Hospice is a charitsble company lirnited by guarante&. incorporated on 20th January 1988, and
entered on the Register of charities on 23rd May 1988.
The Primrose Hospice was established under a M8morandum of Association, which established the objects
and powers of the charitable company and is governed under its Articles of Association. In the evenl of the
company being wound up, mernbers are required to contribute an amount of £1 p8r member.
b. Methods of appointment or election of Trustees
The directors of the company ar8 also charity trustees for the purposes of charity law and, under the
company's Arlicl8s, are known as members of the Board of Trustees. The Trustees when complete consist of
at least seven and not more than twenty individuals over Ihe age of 18. all of whom must support the Objects.
c. Organisational structure and declslon making policies
Th8 Board of Trustees administers the Chaiity. The Board meets at least 4 times a year and is responsible for
the strategic direction and policy of the Charity.
The Chief Executive Officer is appointed by the Trustees lo manage the day to day operations of the Charity
and attends the Board Meetings, alongside members of the Senior Leadership Team. To facilitate effective
operations, the Chief Executive Officer has delegated authority for operational matters.
d. Policies adopted for the induction and training of Trustees
The Truslees have a formal induction process which covers all Primrose Hospice policies and prO￿dureS
and Covers the Trustee Code of Conduct, the Trustee declaration, Confidentiality agreement, Nolan 7
Principles, The Charity Commission's publication 'The Essential TFUStee' The Hospice UK 20 Minute guide
and Mandatory Training as undertaken by all volunteers.
8. Pay policy for key management personnel
Salaries are reviewed to ensure resources are used as efficiently as possible. This. along with benchmarking
against similar local charities and assessing the complexity of the role provides a fair and robust remun8ration
pro￿sS.
f. Financial risk management
The Trustees have assessed the major risks to which the Charitable Company is exposed, in particular those
relaled lo the operations and finances of the Charitable Company and are satisfied that systems and
procedures are in place to mitigate exposure to the major risks.
Plans for future periods
The Trustees and Senior Managem8nt Team plan to continue to deliver servi￿$ for the Charity's clients.
whilst managing other economic uncertainties on the Charty.
We will continue to enhance our services and increase utilisation where possibl8.
Page 6

THE PRIMROSE HOSPICE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Th8 Board will tak8 a cautious approach to any additional recurrent exp8nditure at present until th8 siluation,
particularly around income is clearer. Resenies are at higher than usual levels at present which will provide a
buffer against any pending cost pressures.
Audltors
The auditors. Bishop Fleming Audit Limited, have indicated their willingness to conlinue in office. This matter
will be discussed at the Finance Income and General Matters Committee.
The Trustees, Report, incorporating a strategic report, was approved by order of the Board of Trustees, as the
company directors, and signed on it5 behalf by:
R Laight
Trustee
Date:
611012S
Page 7

THE PRIMROSE HOSPICE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDEO 31 MARCH 2025
The Trustees (who are also the directors of the CharTlable Company for the purposes of company law) are
responsibl8 for preparing the Trustees. Report and the financial statements in accDrdance wtth 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 . Under company law. the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of
the state of affairs of the Charitable Company and of its incoming resources and application of resources.
including rts income and expenditure, for that period. In preparing these financial statements, the Trustees are
required to."
select suitable accounting policies and then apply them consistently.
obseNe the methods and principles of the Charities SORP (FRS 102)"
make judgements and accounting estirnates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 102) have been followed. subject to any material
departures disclosed and explained in the financial statements"
prepar8 the financial statements on the going concern basis unless it is inappropriate to presume that the
Charitable Company will continue in business.
The Trustees are responsible for keeping adequate accounb.ng recnrds that are sufficient to show and explain
the Charitable CompanVs transadions and disclose wtth reasonable accuracy at any time the financial position
of the Charitable Company and enable them to ensure that the financial statements comply with the Compani8S
Act 2006. They are also responsible for safeguarding Ihe assets of the Charitable Company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of thé members of the board of Trustees and signed on ts behalf by:
R Lalght
Trustee
Date..
6(io(ZS
Page 8

THE PRIMROSE HOSPICE LIMrrED
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE PRIMROSE HOSPICE LIMITED
OPINION
We have audited the financial statements of The Primrose Hospi￿ Limited {the 'charitable companv) for the
year ended 31 March 2025 which comprise Ihe Statement of Financial Activities, the Balance Sheet, the
Statement of Cash Flows and the related notes. including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards, including Financial Reporting Standard 102 'The Financial Rèporting Standsrd applicable
in the UK and Republic of Ireland, (United Kingdom Generally Accepled Accounting Practice).
In our opinion the financial statements..
grve a true and fair view of the state of the charitable companys affairs as at 31 March 2025 and of its
incoming resources and appli(xtion of resources, including its income and expenditure for the year than
ended:
have been properly prepared in accordance wkni United Kingdom General￿ Accepted Accounting
Practi￿. and
have been prepared in accordan￿ with the requirements of the Companies Act 2006.
BASIS FOR OPINION
W8 conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable
law. Our responsibilities under those slandards are further described in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the 8thical requirements that are relevant to our audit of the financial statements in the United Kingdom,
including the Financial Reporting Council's Ethical Standard. and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We bdieve that the audrt evidence we have oblain8d is
suffici&nl and appropriate to provide a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial slatements, we have concluded that the Trustees, use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomied. we have not identified any material Un￿rtaIntieS relating to events or
conditions that, Individual￿ or collectively. may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least ￿PAve months from when the financial statements are
8Uthoris8d for issue.
Our responsibilities and the responsibilities of the Trustees with resped to going concern are described in the
relevant sections of this report.
OTHER INFORMATION
The other information comprises the infoTmalion included in the Annual Report other than th8 financial
statements and our Auditors, Report thereon. The Trustees are responsible for th8 other information contsined
within the Annual Report. Our opinion on the financial statements does not COV8r the other infomiation and,
except to the extent othe￿iSe explicitty ststed in our report, we do not express any form of assurance conclusion
thereon. Our responsibilty is to read the other information and, in doing so, consider whether the olher
information is materially inconsistent wtth the financial statements or our knowledge obtained in the course of the
audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent
material misstatements, we are required to determine whether this gives rise to a material misstatement in Ihe
financial statements Ihemselves. If. based on the work we have perfomied, we conclude that th8r8 is a material
misstatement of this other information, we are required to report that fact,
We have nothing to report in this regard.
Page 9

THE PRIMROSE HOSPICE LIMITED
IA COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITORS. REPORTTO THE MEMBERS OF THE PRIMROSE HOSPICE UMITED
(CONTINUED)
OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006
In our opinion. based on the work undertaken in the course of the audrt".
the information given in the Trustees. Report for the financial year for which the financial stat8ments are
prepared is consistent with the financial statements.
the Trustees, Report has been prepared in ￿)rdance with applicable legal requirement5.
mA￿ERs ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of our knowledge and understanding of the charitable company and tts environment obtained in the
course of the audrt, we have not identified material misstatements in the Trustees. Report.
We have nothing to report in respect of the following matters in relatton to which Companiés Ad 2006 requires
us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audtl have not be8n
received from branches not visited by us" or
the financial statements are not in agreement with the accounting records and returns," or
rtain disclosures of Trustees, remuneration specified by law are not made" or
we have nol received all the inforTnation and explanations we require for our audit., or
the Trustees were not entitled to prepare the financial statéments in accordance with the small companies
regime and take advantage of the small companies. exemptions in preparing the Trustees, Report and
from the requirement to prepare a Strategic Repo
RESPONSIBILITIES OF TRUSTEES
As explained more fully in the Trustees. Responsibilities Statement, the Trustees (who are also the directors of
the charitable company for the purposes of company law) are r8sponsible for the preparatian of the financial
statements and for being satisfied that they give a true and fair view, and for such intemal control as the
Trustees delermine is necessary to enable the preparation of financial stslements that are free from material
rnisstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable companls ability
to continue as a going concem, disclosing, as applicable, matters relaled to going concem and using the going
con￿rn basis of accounting unless the Trustees eilher intend to liquidate the charitab18 company or to cease
operations, or have no realislic alternative but to do so.
AUDITORS. RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assurance about whether the financial ststements as a whole are free
from material misstatement. whether due to fraud or error, and to issue an Audtlors, Report that includes our
opinion. Reasonable assurance is a high level of assuran￿, bLrt 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 rf, indrvidually or in the aggregate, they could reasonably be
expeded to influence the economic decisions of users taken on the basis of these financial stalements.
Page 10

THE PRIMROSE HOSPICE LIM￿ED
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE PRIMROSE HOSPICE LIMITED
(CONTINUED)
Irregularities, including fraud, are instances of non-ccffipliance with laws and regulations. We design procedures
in line with our responsibilities. outlined above. to detect material misstatements in resp8Ct of irregulariti8S,
including fraud. The extent to which our prO￿dureS are capable of detecting irregularities, including fraud is
detailed below=
We have considered Ihe nature of the industry and sector. control environment and the Charfy's
performance"
We have considered the results of our enquiries of management and the Trustees in relation to their own
identificalion and assessment of the risk of i￿egular1tles
For any matters identified we have obtaned and reviewed Ihe Charivs documenlation of their policies and
proc8dures relating to"
Identifying, edaluating and complying wf(h laws and regulations whether they were awar8 of any
instsnces of non-compliance:
Detecting and responding to the risk of fraud and whether tPEy have krK)wledge of actual. suspecled or
alleged fraud. and
The internal controls established to mitigate the risks of fraud or norFcompliance with laws and
regulalions.
We have considered the matters discussed among the audit engag8ment team regarding how and where
fraud might occur in the financial statements and potential indicators of fraud.
As a result of thase procedures, we considered the opportunities and incentives that may exist wiEhin the
organisation for fraud, which included incorrect recognition of revenue and managemet override of controls using
manual journal entries. In common with all audits under ISAS (UK>. we are also required to perform specific
prO￿dUreS to respond to the risk of management override.
We have obtained an understanding of the legal and regulatory frameWo￿S that the Charity operates in, focusing
on provisions of Ihose laws and regulations that had a direct effect on the detemiination of material amounts and
disdosures in the financial statements. The key laws and r8gulations we considered in this context included the
Charities Act 2011, Charity SORP 2019, FRS102 and the terms and conditions attaching to material grants
received by the Charity. In addition. we considered provisions of other laws and regulations that do not hav& a
direct 8ffect on th8 financial statements but compliance with which may be fundamental to the Charity's ability lo
op8rate or to avoid a material penaty. These included the Health & Social Care Act, data protection regulations,
health and safety regulations, employment legislation. the Code of Fundraising Practice and gambling legislation.
Our procedures to respond to the risks identified induded the following-
Reviewing the financial stalement disdosures and lesting to supporting documentation to assess compliance
with provisions of relevant laws and regulations described as having a direct effect on the financial
statement5'.
Perfomiing analytical pr(Kedures lo identfy any unusual or unexpected relationships that may indicate risks
of material misstatement due lo fraud"
Reviewing minutes of Trustee meetings"
Enquiring of Trustees and management conceming actual and potential litigation and claims-
Perfomiing detailed transactional testing in relation to the re¢ognrtion of income, specifically grants and
legacies, with a particular focus around year-end cut off.,
In addressing the risk of fraud through management override of controls, testing the appropriateness of journal
entries and other adjustments,. assessing whether the judgements made in making accounting estimates are
indicative of a potential bias and evaluating the business rationale of any significant transactions that are unusual
or outside the nomial Gourse of business.
We also communicated relevant laws and regulations and potential fraud risk5 to all engagement team members
and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
Page 11

THE PRIMROSE HOSPICE LIMITED
IA COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE PRIMROSE HOSPICE LIMITED
(CONTINUED)
As a result of the inherent limitations of an audit, there is a risk that not all irregularities, including a material
misstat8menl in financial statements or non-cc¥nplian¢e wth regulalion, will be detect8d by us, The risk
increases the furiher removed compliance with a law and regulation is from the events and transactions reflected
in the financial statements, given we will be less likely to be awa￿ of it. or should the irregularity occur as a result
of fraud rather than a one-off error, as this may involve intentional COn￿alMent, forgéry, CDllusion, omission or
misrepresentation.
A further descriplion of our responsibilities for the audit of the financial statements is located on th8 Financial
Reporting Council's website at. Nvww.frc.or
.uklauditorsres
onsibilities. This description forms part of our
Audilors, Report.
USE OF OUR REPORT
This report is made solely to the charitable company's members, as a body. in accordan￿ with Chapter 3 of Part
16 of the Companies Act 2006. Our audil work has been undertaken so that we might state to the charitable
companvs members those matters we are required to state to them in an Auditors, Report and for no other
purpose. To the fullest exient permitted by law, we do not accepl or assume responsibility to anyone other than
the charitable company and its members, as a body, for our audit wo￿. for this report, or for the opinions we
have fomied.
/fva
Andrew Wood FCCA (Senior Statutory Audltor)
for and on b8halfof
Bishop Fleming Audit Limited
Chartered Accountants
statLrtory Auditors
1-3 College Yard
Worcester
WR12LB
Date.. 8 October 2025
Page 12

THE PRIMROSE HOSPICE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNT}
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
funds
2025
Restricted
funds
2025
Total
funds
2025
Total
funds
2024
Note
Income from:
Donations and legacies
Charitable activities
other trading aclivities
Investments
624.789
284,966
814,220
41.736
137,651
762,440
284.966
814.220
41,736
708,488
285,033
762,113
32,243
Total income
1,765,711
137,651
1.903.362
1,787.877
Expenditure on:
Raising funds
Charitable activities
778,391
1,103,142
5,678
109,246
784,069
1.212.388
731,346
1,264,345
Total expenditure
1.881,$33
114,924
1,996.457
1,995,691
Net movement in funds
{115,822)
22,727
193,095
(207,814>
Reconciliation of funds:
Total funds brought forward
Net movement in funds
1372,795
{115,8221
1.368,987
22,727
3.741.782
{93.095)
3,949,596
(207,814)
Total funds carried forward
1256,973
1,391,714
3.648.687
3.741,782
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 16 to 34 form part of these financial statements.
Page 13

THE PRIMROSE HOSPICE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
REGISTERED NUMBER:02211941
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Nole
Fixed assèts
Tangible assets
Investrnents
13
14
1,827.627
loo
1,897.202
100
1,827,727
1,897,302
Current assets
Debtors
Investments
Cash at bank and in hand
15
247,672
524,251
1.292,671
260,692
16
1,797.343
2.064,594
2,058,035
Current liabilities
Creditors.. amounts falling due within one
year
17
{243.634)
(213,555)
Net current assets
1,820.960
1,844,480
Total net assets
3,648,687
3,741,782
Charity funds
Restricted funds
18
1,391,714
1.368,987
Designated funds
General funds
18
18
356.829
1.900.144
380.829
1,991,966
Total unrestrided funds
18
1256,973
2,372,795
Total funds
3,648,687
3,741,782
The Trustees acknowledge their responsibilities for complying wilh the requirements of the Act with respecl to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordan￿ with the provisions applicable to entities subject to
the sm811 companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by".
R Laight
Trustee
J Baldwln
Trustee
Date:
110125
The notes on pages 16 to 34 ft)rm part of these financial statements.
Page 14

THE PRIMROSE HOSPICE LIMITED
(A COMPANY LIMITED BY GUAPANTEE)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Note
Cash flows from operatlng activities
N8t cash us8d in operating activities
21
15,697
22.898
Cash flow6 from investing activities
Dividends. interests and rents from investm8nts
Purchase of tangible fixed assets
Purchase of short temi deposit accounts
41,736
(37,854)
(524,251)
32.243
(88,790)
Net cash used in investlng adivities
1520,369)
{$6,547)
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
1504,672)
1,797,343
(33,649)
1.830,992
Cash and cash equivalents at the end of the year
1,292.671
1,797,343
The notes on pages 16 to 34 form part of these financial statements
Page 15

THE PRIMROSE HOSPICE LIMITED
IA COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 MARCH 2025
GENERAL INFORMATION
The Primrose Hospice is a private Charitable Company limited by guarantee, incorporated in the UK and
registered in England and Wales. The regislered ofF￿e is Primrose Hospice. St. Godwalds Road,
Bromsgrove, WorcesterEhire. B60 3BW.
The principal activity of the Charttable Company is as disclosed in the Trustees. report. starting on page 2.
The accounts are presented in GBP and are rounded to the nearest GBP.
ACCOUNTING POLICIES
2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared in accordance with the Charities SORP {FRS 102)
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to chartties
prèparing their accounts in accordance with th8 Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019). the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2008.
The Primrose Hospice Llmrted meets the definition of a public b8nefrt entty under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless othetwise stated in
the relevant accounting policy.
2.2 GOING CONCERN
The Trustees hav8 reviewed financial projection forecasls for a period of at least 18 months following
the date of approval of the financial statements. Reserves and bank balances are both strong. The
Charitable Company has a net asset value as at 31 March 2025 of £3,648,687 (2024. £3.741.782)
with 9.780A of the reserves being held as designated funds and 52.080k of the reseNes being held as
general unrestricted fijnds. The freehold property has a net book value totalling £1,723,401 (2024..
£1,805,476), short term investments of £524,251 (2024.. £Nil) and the cash at bank of £1.292,671
{2024'. £1,797,343).
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has
adequate resources to continue in operational existence for the foreseeable future and for this
reason. the financial statements have been prepared on a going concem basis.
Page 16

THE PRIMROSE HOSPICE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES (continued)
2.3 INCOME
All income is recognised once the Charitable Company has entitlement to Ihe income, rt is probable
that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entrtlement, the probability of
receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of
entitlement to a legacy exists when the Charitabl8 Company has sufficient evidence that a gift has
been left to th8m (through knowledge of the existence of a valid will and the death of the benefactor)
and the executor is satisfied that the propety in question will not be required to satisfy claims in th8
estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair
value of the amount re￿1Vable, which will generally be the expected cash amount tr) be distributed to
the Charitable Company. can be reliably measured.
Grants are included in the Statement of Financial Activities on a re￿r￿able basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where enttllement occurs
before income is received, Ihe income is accrued.
Income tax recoverable in relation to investment incomè is recognised at the time the investment
income is receivable.
2A EXPENDITURE
Exp8nditure is reccgnised On￿ there is a legal or constructive obligation to Iransfer economic benefit
to a third party, it is probable that a transfer of economic b8nefrts will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activty. The costs
of each adivity are made up of the total of direct costs and shared ￿$ts, including support costs
involved in undertaking each activty. Direct costs attribLrtable to a single activty are allocated directly
to that activity. Shared costs which contribut8 to more than one activity and support costs which are
not attributable to a single activty are apportioned between those activtiies on a basis consistent with
the use of resources. Central staff costs are allocaled on the basis of time spent. and depreciation
charges allocated on the portion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the Charitable Company to raise
funds for its charitable pU￿oSeS and includes costs of all fundraising activities evenls and non-
charitable trading.
Expenditure on charita)le acttvities is incurred on directly undertaking the activiti8s which further the
Charttable Companvs objectives. as V￿11 as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 GOVERNMENT GRANTS
Government grants relating to tangible fixed assets are treated as deferred income and released to
the Statement of Financial Activities upon the completion of the r8l&vant performance-relaled
conditions. Other grants that are not subject to performance-related condrf(ions are credited to the
Statement of Financial Activities as the grant proceeds are received. Grants received prior to Ihe
revenue recognition criteria being satisfied are reccgnised as a liability.
Page 17

THE PRIMROSE HOSPICE UMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES Icontlnued)
2.6 INTEREST RECEIVABLE
Interesl on funds held on deposit is included when r￿1Vable and the amount can b8 measured
reliably by the Charitable Company,- this is normally upon notification of the interest paid or payable
by the instrtution wrth whom the funds are deposiled.
2.7 TAXATION
The Charitable Company is considered lo pass the tests set out in Paragraph 1 Schedule 6 of the
Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax
purposes. Accordingly, the Charitable Company is potentially exempt from laxation in respect of
income or capital gains re￿iVed wthin categories covered by Chapter 3 Part 11 of the Corporation
Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such
income or gains are applied exclusively to charitable purposes.
2.8 TANGIBLE FIXED ASSETS AND DEPRECIATION
Tangible fixed assets costing £5.000 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assels are Initial￿ recognised al cost. After recognition. under the cost model, tangible
fixed assets are measur8d at cost less accumulated depreciation and any accumulated impairment
losse5. All costs incurred to bring a tangible fixed asset into its intended working Condition should be
included in the measuremenl of cosL
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives.
Deprecialion is provided on the following bases:
Freehold prope
Motor vehicles
Fixtures and fittings
Office equipment
other fixed assels
2_1 Ook straight line
25°A reducing balance
12.50/0 - 25 /ts Straight line
25OA straight line
12.50h or 25°A straight line
2.9 INVESTMENTS
Fixed asset investments are a form of financial instrument and are inttialty recognised at their
transaclion cost and subsequently measured at fair value at th8 Balance Sheet date, unless the value
cannot be measured reliably in which case it is measured at cost less impaimient. Investment gains
and losses. whether realised or unrealised, are combined and presented as 'Gainsl(Losses) on
investments, in the Ststement of Financial Activities.
Investments in joint ventures are stated at the amount of the Charitable Companys share of net
assets. The Statement of Financial Activities includes Ihe Charitable Companff s share of the joint
ventures, net income or expenditure using the equity accounting basis. As the joint venture is a
charity, the investment is presented within restricted funds.
2.10 DEBTORS
Trad8 and other debtors are recognised at the settlement amount after any trade discount offered.
prePa￿nentS are valued at the amount prepaid net of any trade discounts due.
Page 18

THE PRIMROSE HOSPICE LIMITED
{A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES (continued)
2.11 CURRENT ASSET INVESTMENTS
Curr8nt assel investments includes cash on deposit with a notice period of more than three months
but less than one year.
2.12 CASH AT BANK AND IN HAND
Cash at bank and in hand includes cash and short-term highty liquid investments with a short maturity
of three months or less fr¢)m the date of acquisition or openitYJ of the deposit or similar account.
2.13 LIABILITIES AND PROVISIONS
Liabilities are recogni5ed when there is an obligation at the Balance Sheet date as a resu￿ of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charitable Company anticipates it will pay to settle
the debt or the amount it has received as advanced payments for the goods or services it must
provide.
Provisions are measured at the best estimate of the arnounts required to S8tt1e the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that refleds the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.14 FINANCIAL INSTRUMENTS
The Charitable Company onty has financial assets and financial liabiliti8s of a kind that qualify as
basic financial instruments. Basic financial instruments are inttialty recognised at transaction value
and subsequentty measured at their settlement value V￿th the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
2.15 PENSIONS
The Charitable Company operates a defined contribution pension scheme and the pension charge
represents the amounts payable by the Charitable Company to the fund in respect of the year.
2.16 FUND ACCOUNTING
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charitable Company and which have not been
designated for other purposes.
Designated funds comprise unrestricted funds that have be8n s8t aside by the Trustees for particular
purposes. The aim and use of each designated fund is set OLrt in the notes to the financial
statemenls.
Restricled funds are funds which are to be used in ￿)rdance wtih specific restrictions imposed by
donors or which have been raised by the Charitable Company for particular purposes. The costs of
raising and administering such funds are charged against Ihe specific frjnd. The aim and use of each
restricted fund is sel oul in the notes to the financial statements.
Investment income. gains and losses are allocated to the appropriate fund.
Page 19

THE PRIMROSE HOSPICE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
INCOME FROM DONATIONS AND LEGACIES
Unrestricted Restricted
funds
funds
2025
2025
Total
funds
2025
Total
funds
2024
Donations
Gift Pdd on donations
Legacies
Govemment grants
In memoriam
415,868
32.818
122.486
108.467
524,335
32,816
122A66
29,184
53,639
494,274
32,633
121,610
29.184
53.639
59,971
SUBTOTAL
176,105
29,184
205,289
181.581
624,789
137,651
762.440
708.488
TOTAL 2024
583,691
124,797
708.488
INCOME FROM CHARITABLE ACTIVITIES
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
CCG fijnding - Hospice services
Student placement income
280,586
4,380
280,586
4,380
278,913
6,120
284,966
284.986
285,033
TOTAL 2024
285,033
285,033
Page 20

THE PRIMROSE HOSPICE UMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
INCOME FROM OTHER TRADING AcTIV￿lEs
Income from fundraising events
As restated
Total
funds
2024
Unrestricted
funds
202S
Total
funds
2025
Shop and eBay sales
Ragging In￿Me
Grft Aid income
Lottery income
Other income
674,655
14,208
37,323
76,258
11,776
674,655
14.208
37.323
76.258
11.776
628,320
12,917
38,748
76,119
6,009
814,220
814.220
762,113
TOTAL 2024 AS RESTATED
762,113
762,113
The prior year comparative balances for Shcy and eBay sales and Gfft Aid incom8 have been reclassified
to a show a more accurate analysis of income.
The total income from other trading activities. and overal deficit for the year end8d 31 March 2024
remains unchanged.
INVESTMENT INCOME
Unrestrlcted
funds
2025
Total
funds
2025
Tolal
funds
2024
Investment income
41,736
41,736
32,243
TOTAL 2024
32,243
32.243
Page 21

THE PRIMROSE HOSPICE LIMITED
IA COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
EXPENDITURE ON RAISING FUNDS
CHARITY SHOP EXPENSES
Unrestricted Restrlcted
funds
funds
2025
2025
Total
funds
2025
Total
fijnds
2024
Charity shop non-staff costs
Charity shop staff costs
230,364
315,529
5,678
236,042
315,629
208,755
295,661
545,893
5,678
551,571
504,416
TOTAL 2024
504.416
504,416
FUNDRAISING EXPENSES
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Fundraising non-staff costs
Fundraising staff costs
59,764
172,734
59,764
172,734
59.370
167,560
232,498
232,498
226,930
TOTAL 2024
226,930
226,930
Page 22

THE PRIMROSE HOSPICE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Summary by fund type
Unrestricted Restricted
funds
funds
2025
2025
Total
2025
Total
2024
Operalion of Hospice
1,103,142
109,246
1,212,388
1,264,345
TOTAL 2024
1,094,064
170,281
1,264,345
ANALYSIS OF EXPENDITURE BY AcTI￿riEs
Activities
undertaken
directly
2025
Support
costs
2025
Total
funds
2025
Total
Jnds
2024
Operation of Hospice
839,237
373.151
1,212.388
1,264,345
TOTAL 2024
899.541
364,804
1.264.345
Page 23

THE PRIMROSE HOSPICE UMITED
IA COMPANY LIMITED BY GUARANTEE>
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)
ANALYSIS OF DIRECT COSTS
Total
funds
202S
Total
funds
2024
staff costs
Depreciation
Care equipment
Utilities
Education and training
Laundry and cleaning
Patient interaction
Repairs and maintenance
Printing, stationery and postage
Consumables
Travel
Bad debt write off
599.810
101,124
165
26,453
2,553
7,764
657,875
69,507
534
52,450
29,195
8,710
36,154
5,757
5,016
25.286
13
68,407
3,387
4,583
19.027
839,237
899,541
ANALYSIS OF SUPPORT COSTS
Total
funds
2025
Total
funds
2024
staff costs
Recruitment expenses
Insurance
270,508
1,995
16,316
37,294
272,701
1,637
17,308
23,050
200
5,674
7,534
19,190
13,486
3,927
97
IT consumables
Education and training
Telephone
Miscellaneous expenses
Consultancy fees
Audit and accountancy fees
Printing, stationery and postage
Bank charges
3,977
12.691
16.253
12,565
1.345
207
373,151
364,804
Page 24

THE PRIMROSE HOSPICE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
10. AUDITORS, REMUNERATION
202S
2024
Fees payable to the Charitable Companys auditor for the audit of the
Charitable Companys annual accounts
Fees payable to the Charitable CoMpan￿S audrtor in respect of:
Preparation of th8 annual accounts
10.710
9,950
2,825
11. STAFF COSTS
2025
2024
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
1,180,608
99,905
78,068
1,214.298
101,473
78,026
1,358,581
1,393,797
The average number of persons employed by the Charitable Company durtng the year was as follows:
2025
No.
2024
No.
Hospice services
Fundraising
Management & administralion
Merchandising
20
23
12
14
10
53
51
The number of ernployees whose employee benefits (excluding employer pension costs} exceeded
£60,000 was..
2025
2024
No.
In the band £60,001- £70.000
The key management personnel of the Charitable Company is represented by the roles of Chief
Executive Officer, Head of Clinical Services. Head of Family Support and Chief Operating Officer. The
lotal employee benefits of the key management personnel were £246,085 (2024.. £243.573). including
employerfs pension contributions.
12. TRUSTEES, REMUNERATION AND EXPENSES
During the year. no Trustees received any remuneration or other benefrts (2024 - £NIL).
Page 25

THE PRIMROSE HOSPICE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
12. TRUSTEES. REMUNERATION AND E￿￿ENsEs (CONTINUED)
During the year ended 31 March 2025. no Trustee expenses have been incurr8d (2024- £NIL).
13. TANGIBLE FIXED ASSETS
Freehold
property
Motor Fixtures and
vehic18S
fittings
Office
equipment
Total
COST OR VALUATION
At 1 April 2024
Addrtions
2,684.955
15,730
163,746
50,659
61,097
2,925,528
50.659
Al 31 March 2025
2,684.955
15,730
214AOS
61,097
2,976,187
DEPRECIATION
At 1 April 2024
Charge for the year
Impaimient charge
879.479
$3,959
28,116
13.221
627
82,253
31,353
53,373
6,179
1.028,326
92,118
28,116
At 31 March 2025
961,554
13,848
113,606
59,552
1,148,560
NET BOOK VALUE
At 31 March 2025
1.723,401
1.882
100,799
1,S45
1,827,627
At 31 March 2024
1.805.476
2.509
81.493
7,724
1.897,202
Page 26

THE PRIMROSE HOSPICE LIMITED
(A COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
14. FIXED ASSET INVESTMENTS
Investment
in joint
ventur8S
COST OR VALUATION
At 1 April 2024
100
AT 31 MARCH 2025
NET BOOK VALUE
AT 31 MARCH 2025
100
AT 31 MARCH 2024
100
PRINCIPAL JOINT VENTURES
The following was a joint venture of the Charitable Ccmpany:
Name
Fair value of
investment
Profrt for
th8 year
Worceslershire Hospices Lottery Limited
100
76.258
The Charttable Company has a one third shared holding in a joint venture. Worcester HospI￿S Lottery
Limrted, which entitles the Charitable Company to a third of its distributable reserves.
15. DEBTORS
2025
2024
DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
Tax recoverable
1,424
1,337
98
248,398
10,859
233,699
12,549
247,672
260,692
Page 27

THE PRIMROSE HOSPICE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
16. CURRENT ASSET INVESTMENTS
2025
2024
Shorl lerm deposit account
524.251
524.251
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trad8 creditors
other creditors
Accruals and deferred income
176,395
11,991
55,248
139.813
12,063
61.679
243,634
213.555
Page 28

THE PRIMROSE HOSPICE LIMITED
IA COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
18. STATEMENT OF FUNDS
STATEMENT OF FUNDS-CURRENT YEAR
Balancè at
31 March
2025
Balance at 1
April 2024
Income Expenditure
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Designated funds
380.829
(24,0001
366,829
GENERAL FUNDS
General funds
1.991.966
1,765,711
(1.857.533) 1,900,144
TOTAL UNRESTRICTED FUNDS
2,372.795
1,765,711
(1.881.533) 2,256,973
RESTRICTED FUNDS
2004 Capital Appeal
2008 Squaring the Circle
Bromsgrove Distrid Council
Department of Health- 2010 grant
Grand Lodge of Mark Master Masons
Sensory Garden
The Rowlands Trust
Departmenl of Health - Garden Room
Kildare Trust
stoke Prior Bares
National Lottery Com Fund
DHSC Capital Grant Progrtrnme
other small funds
DMF Ellis Trust
287,385
96,030
2,509
529.840
30.426
1.000
(9,742
12,825
(627
{14,320)
(823
(1.000
277,643
93,205
1,882
515,520
29,603
9.678
9,678
395,012
33,081
10,438
1,031
23,506
1,115
405,076
110,064
123,893)
13,28Q)
117,3011
15,678
119.371)
16.000
56,974
13.718
18.332
29.184
17A83
6.000
3.003
1,368.987
137.651
(114.9241 1,391,714
TOTAL OF FUNDS
3,741,782
1,903,362 11,996,457> 3,648,687
Page 29

THE PRIMROSE HOSPICE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
18. STATEMENT OF FUNDS (co￿lNUED)
The specific purposes for which the funds are to be applied are as follows..
2004 Capital Appeal - Funding r8ised by th8 charity for an extension to the original building and are
reduced annually by an amount equivalent to the depreciation charge in respect of that building cost.
2008 Squaring the Circl8 - Funding recew8d from the Department of HeaFth 5UPPOrting Dignty in Care
for older people. The grant funded the construction of a covered walkway and a hexagonal spiritual room,
the cost of which is depreciated annLk21ty.
Bromsgrove Dlstrlct Council - The funds were received to fund our new Wellbeing project, designed to
support people with a lrfe limiting illness in managing and maintaining their qualty of lrfe.
Deparlment of Health - 2010 Grant- The funds were recetV8d to fund the famity support centre.
Grand Lodge of Mark Master Masons
equipment in the farn1￿1 support ￿nt
Funds raised by the charity for the fixtures, fittings and
Sensory Garden - The funds were received for a garden designated for the use of the children who are
supported by Primrose.
Department of Health - Garden Room - Funding re￿iVed from the D8partment of Health to provide
new accommodation space for day patients.
Stoke Prior Bares - The funds were recewed to supporting the runniThJ of the GALS group.
The Rowlands Trust- The funds were received for the refurt)ishment of the patient bathroom.
Kildare Trust- The funds were received for updating fire safety measures.
National Lottery Com Fund - The funds were received lo support the running of the children'5 servI￿s.
DMF Ellis Trust - The funds were received to support the running of the day hospice.
DHSC Capital Grant Programme - The funds were received from the DHSC to support hospices.
Other Funds - A number of additional donations were received throughout the year which will help fund
the provision of group support, IT, building work and other ad hoc items.
Deslgnated Funds - Funds totslling £356.829 have teen designated for future essential projects. A
breakdown of funds designaled by project is shown in the table on page 6. This includes high cost
mainlenance projects but also significant funding to support the organisation to move towards more
sustainable energy supplies and offset our carbon footprinl. We are committed to achieving net zero on
emissions by 2050 and intend to take major steps towards Ihis larget by 2030.
Page 30

THE PRIMROSE HOSPICE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL sTATEME￿rs
FOR THE YEAR ENDED 31 MARCH 2025
18. STATEMENT OF FUNDS (CONTINUED)
STATEMENT OF FUNDS - PRIOR YEAR
Balance at
31 March
2024
Balan￿ at
1 April 2023
Transfers
inlout
Income Expenditure
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Designated funds
431,299
(179,470)
129.000
380,829
GENERAL FUNDS
General funds
2.103.826
1,663,080 (1,645,940) (129.000)
1.991,966
TOTAL UNRESTRICTED
FUNDS
2,535,125
1.663.080 {1,825,410)
2,372,795
RESTRICTED FUNDS
2004 Capital Appeal
2008 Squaring the Circle
Bromsgrove District Council
Department of Health - 2010
grant
Grand Lodge of Mark Masler
Masons
Sensory Garden
Department of Health - Garden
Room
Interserve
Eveson Trust
stoke Prior Bares
William A Cadbury Trust
DHSC Capital Grant
Programme
other small funds
297.127
98,855
3,115
(9.742)
(2.825)
{606)
287,385
96.030
2,509
544,160
(14.320)
529.840
31,249
3,000
(823)
(2.000)
30,426
1,000
415,140
162
(10,064)
(182)
(35.000)
(3,483)
(20,000)
405,076
35.000
17,181
13,718
20.000
30,000
39,797
(30,000)
(41,276)
4,482
3,003
1,414.471
124.797
(170,281)
1.368.987
TOTAL OF FUNDS
3.949.596
1,787,877 (1.995,691)
3,741,782
Page 31

THE PRIMROSE HOSPICE UMITED
IA COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
19. SUMMARY OF FUNDS
SUMMARY OF FUNDS- CURRENT YEAR
Balance at
31 March
2025
Balance at 1
Aprll 2024
Income Expenditure
Designated funds
General funds
Restricted funds
380,829
1,991,966
1.388.987
(24,000)
356,829
11.857,533) 1,91)O,q44
(114,924)
1,391.714
1,765,711
137.651
3.741,782
1,903.362
(1,996,457) 3.648.687
SUMMARY OF FUNDS- PRIOR YEAR
Balance at
31 March
2024
Balance at
1 April 2023
Transfers
inlout
Income Expenditure
Designated funds
General funds
Restricted funds
431,299
2,103,826
1.414.471
(179.470)
129,000
1.663,080 (1.645,940) (129,000)
124,797
{170,281}
380,829
1,991,966
1,368,987
3.949.596
1.787,87T {1,995,691)
3,741,782
20. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSEfs BET¥VEEN FUNDS - CURRENT YEAR
Unrestricted Restricted
funds
funds
2025
2025
Total
funds
2025
Tangible fixed assels
Fixed asset investments
Current assels
Creditors due within one year
491,256
100
2,009,251
(243,634)
1,336,371
1,827,627
100
2,064,594
<243.634)
55,343
TOTAL
2,256,973
1,391.714
3.648.687
Page 32

THE PRIMROSE HOSPICE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
20. ANALYSIS OF NET ASSETS BETWEEN FUNDS {CONTINUED)
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Tangible fixed assets
Fixed ass8t investments
Currenl assets
Creditors due within one year
547,445
100
2.038,805
(213,555)
1,349.757
1,897,202
100
2,058,035
{213,555)
19,230
TOTAL
2.372,795
1.368,987
3,741,782
RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING
ACTIVITIES
21.
2025
2024
Net expenditure for the year (as per Statement of Financial Activities)
(93,095) (207,814)
ADJUSTMENTS FOR:
Depreciation charges
Dividends, interests and rents from investments
{Increase)Idecrease in debtors
Increasel(decrease} in creditors
79,313
(41,736)
13,020
30,079
69,507
{32.243)
231,673
(38,225>
NET CASH PROVIDED BYI{USED IN) OPERATING ACTIVITIES
(12,419)
22.898
ANALYSIS OF CASH AND CASH EQUIVALENTS
2025
2024
Cash in hand
1,292,671
1,797,343
TOTAL CASH AND CASH EQUIVALENTS
1,292,671
1,797,343
Pa3e 33

THE PRIMROSE HOSPICE LIMITED
{A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
23. ANALYSIS OF CHANGES IN NET DEBT
At 1 April
2024 Cash flows
At 31 March
2025
Cash at bank and in hand
Short term depostl account
1,797.343
(504,6721 1,292,671
524,251
524,251
24. PENSION COMMITMENTS
The Charitsble Company operates a defined contribution pension scheme. The assets of the scheme are
held separately from those of the group in an independently administered fund. The pension cost charge
represents contributions payable by th8 Charitable Company to the fund and amounted to £78,068 {2024.'
£78,026). Contributions totalling £7,232 (2024: £6,794) were payablé to the fund at Ihe balance sheet
date.
25. OPERATING LEASE COMMITMENTS
At 31 March 2025 the Charitable Company had commitments to make fiJtur8 minimum lease payments
under non-cancellable operating leases as follows:
2025
2024
Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years
69,158
272,524
20,083
52,158
152,524
21,083
361.765
225,765
26. RELATED PARTY TRANSACTIONS
During the year the Chaiity generated in￿rne of £76,258 (2024: £76,119) via a joint venture enterprise,
Worcestershire Hospices Lottery Linited. The amounl due lo the Charity at the year end amounted to
£18.814 (2024: £19,974).
Page 34