Bassetlaw Hospice TRUSTEE REPORT AND FINANCIAL STATEMENTS ST FOR THE YEAR ENDED 31 MARCH 2025 B￿￿110￿ Hospice Registered Charity Number., 701876 BASSETLAW HOSPICE OFTHE GOOD SHEPHERO REPORT OF THE TRUSTEES FOR THE YEAR ENDING 315T MARCH 2025 REGISTERED CHARITY NUMBER 701876 CONTENTS Page A Message from the Chairman Report of the Trustees Objectives and activities for the public benefit A review of our achievements and performance Volunteers Fundraising Financial summary Risk managem nl Structure, Governance & Management 8-11 Report of the Independent Auditors 12-14 Statement of Financlal Activities 15 Statement of Financial Position 16 Statement of Cash Flows 17 Notes forming part of the Financial Statements 18-29 The following pages do not form part of the statutory accounts.. Analysis of Statement of Flnanclal Activities 30-32 8ASSETLAW HOSPICE OF THE GOOD SHEPHERD REPOR T OF THE TRUSTEES FOR THE YEAR ENDING 31ST MARCH 2025 REGISTERED CHARITY NUMBER 701876 A MESSAGE FROM THE CHAIRMAN The Hospice is moving into new phas of its development over the coming months and s reporte in last year's Annual Report we have been in wide ranging talks with the Integrated Care Board IICBI. We will be almost lurning full circle to where our service began, and further information 15 in the main body of the report. There is still much work to do to achieve our stand-alone position and to reflect this Bonney Baggaley has been appointe(l as CEO. We look forward to working with Bassetlaw GPS to ensure we continue to provide Hospice Care to our residents. We will need to increase our fundraising efforts, and work is already underway to ensure that we achieve this. We are looking forward to the challenge as we move forward as a fully independent Hospice. I would as ever like to thank our board of trustees, charity staff, nursing and hospice staff and not forgetti ng ur volL*llteers for their continued hard work and commitment. We will continue now and, in the futur o strive to provide the highest level of care that has always been at the heart of 8a5setlaw Hospi ike Quigley M8E Chairman of Trustees BASSETLAW HOSPICE OF THE GOOO SHEPHERD REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31" MARCH 2025 REGISTERED CFIARITY NUMBER 701876 The Trustees present their annual report together with the financial statements of the charity for the year ended 31 St March 2025. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the accounts and comply with the charity'5 trust deed, The Charities Act 2011, accounting and reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland {FRS 1021 (effective 1 $1 January 20191 Ob'ectlves and actlvltles for the ublic benefit Objectlves The objectives of the charity are lo raise funds to provide hospice Care lo the residents of Worksop, Retford and the surrounding area which is known as Bassellaw. Situated in the county of Nollinghamshire and to work with other healthcare providers in the development and provision of palliative care. L_I:I.ILJA Beneficiaries and public benefit The aGlivilies undertaken by the charity provide a benefit to all the peop e of Bassellaw who have a need of palliali e care. subject lo limilalions mposed by the number of place available. The charity's acti ties are not considered lo cause any adver e effects lo any members of the public. Any personal benefits gained by persons olher than those reGeiving the care is considered lo be incidental to Ihe work of the charity. Charity Commission The Trustees consider these objectives conlinue to provide public benefit for the IoGal community by ensuring the availabilily of this care. They have referred lo the Charity Commission's general guidance of public benefit when reviewing the aims and objectives and in planning the Charity's future activities. Charitable a¢tlvltle$ Under Licence, approved by the Charity Commission. th@ nursing and medical costs of the service are currently funded directly by Nottinghamshire Healthcare NHS Foundation Trust I'service Provider"). The charity is responsible for all additional patient services including complimentary therapy, hairdressing, diversional therapy and patient transport. The maintenance, replacement and repair of the building, garden5 and fixtures and fittings, the insurance and running costs are all funded by the charity. The charity also fLinds a number of other services both clinical and non-clinical, lo support the hospice and the services we provide. 8ASSETLAW HOSPICE OF THE GOOD SHEPHERD REPOR T OF THE TRUSfEES FOR THE YEAR ENDING 31if MARCH 2025 REGISTERED CHARITY NUMBER 701876 A review of our achievements and erformance and our future lans This year has witnessed some challenges regarding the delivery of the clinical care which is currently delivered by Nottinghamshire Healthcare NHS Foundation Trust. The discussion regarding the stability of the service has been discussed for some lime, however the decision has finally been reached lor Nottinghamshire Healthcare NHS Foundation Trust to withdraw from the service. Work has been undertaken during this year lo secure another NHS provider without success and so the decision was reached by the Trustees for the charity lo apply to become independenl. After extensive work with the Integrated Care Board and following a lender process, the charity has been deemed as a suitable provider. The dale proposed for the transfer of services is the 1$1 September 2025. This decision was not reached lightly by the Trustees however without another provider the hospice was Certain lo close, and this wa5 the position the Trustees faced. The Integrated Care 8oard will provide the charity with £1 . 3m of funding each year for 3 years towards the clinical care however there remains a shortfall, increasing the amount of income the charity will need lo raise. With this being a new service with a new medical model, the service will be kept under review. There will be many changes within the service a within the next Annual Report, d the Tru tees look forward lo sharing the outcome Our place in the Community In our 31 sl year, our objectives as a charity remains the same, lo raise funds for the provision of hospice care for the people of Bassellaw. We continue lo work closely with loGal healthcare providers including Macmillan, GP Surgeries, Hospitals and Care Homes in the development of a pallialive care service lo meet the needs of the patients and their loved ones al what is always a very difficult time in their lives. Buildlng for the future We are takin9 part in the National H05pice UK legacy campaign year 2. The campaign was launched in 2025 and will continue into 2026. This is lo raise awareness of the importance and impact of being left a gift in a will and how legacies help secure the future of the hospice. This year we have been able lo continue the development of the charity's website. We are very pleased with the outcome and the feedback that we have received. The sile is atlraclive, user friendly and interactive, allowing users to navigate between pages. The website hosts online forms, allowing users to sign up as volunteers, join as Friends of the Hospice and get involved in fundraising. This year we have introduced a Support and Wellbeing online referral page which allows patients and families lo refer into the service directly. This is lo make access to the hospice even easier for the community of Bassellaw. BASSETLAW HOSPICE OFTHE GOOD SHEPHERD REPOR T OF THE TRUSTEES FOR TFtE YEAR ENDING 315r MARCH 2025 REGISTERED CHARITY NUM8EtI 701876 Volunteers We are incredibly forlunale to have a wonderful team of volunteers whose commitment and hard work is invaluable to the charity, Volunteers enhance the sefvices that the charity provides and this year during lockdown we have been able lo review the roles of our volunteers. There are a variety of roles at the hospice, these include.. Support and Wellbeing Centre Befriending patients Serving drinks and meals Assisting with arts, crafts and therapies Leading on interactive activities Kitchen Assisting the catering team Serving meals General kitchen duties Drivers Drivers collect and return home patients allending Support and Wellbeing Centre Volunteers must have a four door car with full comprehensive insurance A mileage allowance is paid. Meet and Greet- Face of the Hospice Volunteers welcome and assist patients and visitors lo the Hospice. Show p31ienls lo the Support and Wellbeing Centre Show visitors lo the IPU Support our Ward Clerk and Charity Operations Manager IJ Digital Marketing Support Ihe development of our social media platforms Blog writing Website improvements Increase brand awareness promotion of virtual fundraising Newsleller developmenl Gardening Volunteers assist the gardening team with weeding, planting, and general garden maintenance. Retail Opportunities Receiving. sorting and preparing stock for sale Displaying and selling donated stock Serving customers Serving in the Hospice Tea Bar located in Retford Hospital 8ASSETLAW HOSPICE OF THE GOOD SHEPHERD REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31ST MARCH 2025 REGISTERED CHARITY NUM8ER 701876 Fundraising Opportunities Selling raffle tickets Baking cakes to sell at fundraising events Helping with supermarket collections or bag packing Staffing a stall al an event Serving refreshments Assisting al our organised events Our events in the community, which are often at weekends or in the evenings have previously proven popular with people who are employed but want to give something back lo the community. Many of our volunteers provides Grafts, bake cakes and support the charity with donations and conlribulions.. they are all part of the hospice team and as a board we thank them immensely. The time given by volunteers, if calculated in terms of salary, would amount lo thousands of pounds and without their help and support it would not be possible lo maintain the high standards of care or generate the income required. As a charity we are continuing to run recruilmenl drives for volunteers and we are impressed with the outcome so far. Fundraisin The local conimiinily have always been ready to support not only th also li arrange Iheir own unique ways lo raise funds fof the hospice events that our team organis8 bul and this yqar is no exception to that. Debbie, our Community Fundraiser is always on hand to help provide support and guidance to individuals, businesses, clubs and organisations who generoLssly use their own contacts lo raise funds for the charily. The Fundraising subcommittee, consisting of Iruslees. staff. nursing staff and member5 of the public who meet al least 4 times a year lo plan, develop and review in-house and community fundraising events. The charity's aini is not only to provide income bul lo engage with our supporters and ensure the profile of the hospice continues lo remain as an active and important element within Bassellaw and the community il serves. The highlights this year include.. Snowdon which raised over £15.000. We also continue with our Afternoon Tea Party. which took place in the museum gardens with 65 attendees. Tie a yellow ribbon event al 8arnby Moor. Ladies Lunch, Easter Fayre, Christmas Fayre and our Christmas star event, which was linked with the grief awareness week. This year we had quiz night with pie and peas al the hospice which was very popular. In line with our 30th 8irthday, we are held a Grand Prize Draw, il was drawn in Septembèr 2024. BASSETLAW HOSPICE OF THE GOOD SHEPHERD REPORT OF THE TRUSTEES FOR THE YEAR ENDING 315T MARCH 2025 REGISTERED CHARITY NUMBER 701876 Retail This year the shops continued to undergo a lot of changes, including the continuation of Gift Aid. As a policy we only sell items donated by the local community. The voluntèers have embraced the opportunity to be open and we are always grateful for the qvalily donations that we receive and would like lo lake this opportunity to say thank you to our hard-working volunteers and to the community for their ongoing support. The Tea Bar at Retford Hospital has really started to bloom again, we have even used this resource lo launch a luck box in the Hospice which is very popular with staff and visitors. Financial Summar The charity repo Is a gain for the year of £21 ,256: before investment gains. Th I compares to a loss in the previous year of £83.077. The gain is after laking into account legacies and do alions of £254,764 conipared to £191.831 for the previous year. Legacies are a very imporlanl source of income for the ¢h3rily and the Irustees are forever grateful lo those faniilies that leave a bequest al. what can often be, very difficult time for all concerned. The charity has joined a Hospice UK programme for improving legacies. The total value of available unfeslricled funds, including investments, al the end of the financial year is £6.788,258 compared lo £6.731.598 al the previous financial year end. The cash position, included in lolal funds, is £184,88212024.. £183,631) The charity continues to delegate the management of ils investment portfolio lo professional independent fund managers Rathbones, who manage the charity's investment portfolio within predetermined parameters of asset class and risk. Financial markets are not immune from the effects of global events and recent years have seen significant movement in fund values and returns. In the previous year, Ralhbones departed from its formula of 80+°/o in equities to take advantage of gills and other fixed interest bonds with Ihis element of the portfolio reaching 35+010 al limes. This year there was a £56,660 positive movement in nel funds compared to £201.939 for the previous year. The combined income from the shops in R8tford and Worksop al £82,315 was reduced from last year and slightly below budget. Both shops are fully staffed thanks lo a wonderful number of volunteers, It is these volunteers across all areas of the charity that make working in and running the charity so rewarding. As ever our principal funding source remains the people of Bassetlaw whose generosity allows us to continue to develop and deliver a high level of hospice service. The Iruslees and staff will continue lo monitor closely the trading results and balance sheet and conlinue lo operale a strong system of budgetary control with sel authority levels and as a result all costs strictly controlled. The costs of raising funds for the charity were higher than the previous year, mainly due lo increase in staff costs and general inflationary cost rises. Costs for charitable activities were down on the previous year by £42.512 mainly due lo lower non medical NHS costs. facilities contracts, costs and reducing depreciation costs. 11 is worth mentioning here that a fully detailed glossary of accounts are reviewed by the trustees on a monthly basis. BASSETLAW HOSPICE OF THE GOOD SHEPHERD REPOR T OF THE TRUSTEES FOR THE YEAR ENDING 315r MARCH 2025 REGISTERED CHARITY NUMBER 701876 Events after the end of the reporting period The newly formed Integrated Care Board for Nottinghamshire has undertaken a detailed review of Palliative Care and End of Life Pathway This has included how lo manage the cost of £500,000 lo meet the shortfall in the cost of providing the care the Nolts Area Health can afford and the level of service the ICB can fund. Bassetlaw Hospice is not alone in feeling this squeeze and there is an alliance of Mid Notls Hospice Charities that are investigating ways this can be managed without dramatically affecting the service offered by Bassellaw Hospice and other similar hospice charities. This Alliance sits as a board and Bonney 8aggaley is the Hospice Board member. At the beginning of this year the Hospice elected to join the Alliance and its focus is "fast tracking" the combined hospice spare bed capacity to meet the requirements of Nottinghamshire NHS. Following the year end, the trustees have made the decision lo transfer the operations of the Gharily to a newly formed Charitable Incorporated Organisalion ICIOI. This will include the transfer of all ils staff, investments and assets and liabilities lo the CIO, Going concern As noted above. following the year end, the Iruslees have made the decision to transfer the operations of the charity lo a newly formed Charitable Incorporated Organisalion ICIOI. After due consideration of the above and all other relevant factors, the Iruslees continue lo adopt the going concern basis in preparing the financial slalemenls since preparing the accounts under any other basis e.g. break.up basis would not be materially different. Investment policy The Ifusl&es have placed voluntary reslriclions on the investments which can, with the agreement of the board be changed al any lime. Considering the current economic climate, the board are satisfied with the current perforniance of the portfolio. The board receives an annual presenlalion from Ralhbones lo discuss the strategy and consider the external faclofs affectin9 the performance of the portfolio. Reserves polScy The reserves policy is reviewed annUal￿y. and it is the policy of the charity to.. Strike a balance between financial prudence and investment in facilitating quality services Maintain unreslricled funds which are available for general Lsse and equate to approximately two years hospice operating expenditure Hold sufficient reserves to cover the work impact of a negative event. This is currently sel al £1.Om To hold appropriate designated reserves for strategic and capital projects as determined on an annual basis Where required hold reslricled funds in accordance wilh specific reslriclions either by the wishes of the donor or by the donor or by the nature of the appeal. To hold, al all limes, liquid assets lo provide operational working capital and lo ensure cash balances never fall below £250,000 8ASSETLAW HOSPICE OFTHE GOOD SHEPHERD REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31. MARCH 2025 REGISTEREO CHARITY NUM8ER 701876 Risk mana ement The Iruslees have a duty lo identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place lo provide reasonable assurance against fraud and error. They actively review the major risks which are classified as constitutional. financial. operational and external which the charity faces on a regular basis and which may impact on the service the charity aims lo provide. Constitutional The trustees believe that procedures are in place to cover any risk which may arise regarding constitutional or governance matters. Fi nancial The Iruslees consider the variability of returns and the fluctuations of valuation on the investment portfolio lo constitute a financial risk and recent volatility in world stock markets has demonstrated that risk. The trustees consider the portfolio to be a long-lerm investment and the income is not a large portion of total income. The trustees consider that the charity could continue with no investment income from this portfolio therefore the risk is acc&ptabl8. The trustees consider that the reserves of the charity are sufficienl lo cover approximately two year's operating costs. This does not include the stock market inveslmenls. which are excluded as they are prone lo fluclualion as stated above. Operational The trustees recognise the responsibility the charity has lo ensure the building. fixtures, lillingsl and maintenance ancillary s rvices provided are lo a high slahdard compatible with those requir&d by the Bassetlaw Heallh P rlnefship. The trustees will ensure the ongoing development of clear operating procedures for the running of the charity in order to miligale any significant risks. External All fundraising activities are insured by external parties, who requife full risk assessments specific lo each activity or event. A formal review of all other risks is ongoing to ensure the charity can take action lo minimise such fisks. Structure Governance & Mana ement Governing document The charity is Constituted under a trust deed dated 28th July 1989 which, with the approval of the Charity Commission, was superseded by a scheme dated 30th June 2004 and is an unincorporated company. The area lo benefit under the deed is the district surrounding Relford and Worksop, known as Bassetlaw. The Fund created under the deed is for all donations, subscriptions and bequests which are to be used to provide premises, fixtures. fillings and equipment lo maintain a hospice for the benefit and treatment of pain and suffering amongst the terminally ill residents of the area, catering for both their physical and spiritual welfare. Copies of the deed are available from Bassellaw Hospice, Cedar House, North Road, Retford, DN22 7XF. Recrultment and training of new trustees The Iruslees are elected to serve for Iwo years on the Executive Committee, which meets every bNO months. Every year half the Iruslees are nominaled for re-election. BASSETLAW HOSPICE OF THE GOOD SHEPHERD REPOR T OF THE TRUSTEES FOR THE YEAR ENDING 31-' MARCH 2025 REGISTERED CHARITY NUMBER 701876 Induction and training of new trustees The charity follows the Charity Commission's recommendations with regard to trustees. induction. All new trustees are provided with a Help the Hospices Trustee Induction Pack along with a copy of the most recent full accounts and the Charity Commissions publicalion CC3 The Essential Trustee - What you need to know, what you need to do and given details where Charity Commission literature can be found. New trustees are encouraged to spend time al the hospice working with staff and volunteers to fully understand the nature of the care provided. Organisational structure The hospice is situated in Relford. The charity also maintains a shop and fundraising office Iknown as the Appeal Office) at 4 Jubilee Courtyard, Relford and a shop at Worksop. The day-lo-day running of the charity and fund-raising activities are managed by a salaried Charity Operations Manager. Six part lime paid members of staff are employed in fundraising, adminislralion, maintenance and gardening. Key management personnel remuneration The Iruslees consider the board of Iruslees and the Charity Operations Manager as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day-lo-day basi5. All Iruslees give ol their lime freely and no trustee remuneration or Iruslee expenses were paid ilk the year. | Trustees are required lo disclose all relevant interests and regislef them with the Charity Operations Manager and in accordance with policy withdraw from decisions where a conflict of interest arises. The pay of Ihe Charity Operations Manager is reviewed by the Iruslees on a regular basis. In view ol the size and nature of the charity the Iruslees sel the level of pay for the Charity Operations Manager with reference lo similar positions within the health service and other local charities of a similar size. BASSETLAW HOSPICE OF THE GOOD SHEPHERD REPOR T OF THE TRUSTEES FOR THE YEAR ENOING 315r MARCH 2025 REGISTERED CHARITY NUMBER 701876 Reference and adminlstrative details". Registered Charity number.. 701876 Principal address.. Cedar House, North Road, Retford, DN22 7XF Auditors.. Hawsons 5 Sidings Court, White Rose Way, Doncaster, DN4 5NU Solicitors.. Emma Thompson Jones and Company, Cannon Square, Retford, DN22 6PB Bankers.. Lloyds Bank. High Street, Lincoln. LNS 7AP CAF Bank Limited, 25 Kings Hill Avenue, Kings Hill, Wesl Malling, Kent, ME19 4JQ Virgin Money, Jubilee House, Gosforth, Newcastle upon Tyne. NE3 4PL Investment managers.. Ralhbon& Investment Management Port of Liverpool Buildirlg, Pier Head, Liverpool, L3 1 NW Trtjslees.. M W Quigley MBE D T Cashmore R Ashmore M Childs R Robinson B Spencer P Jefferson A Tromans D Bastow D Craggs D Bamford Posilion: Chairnian Vice Chairnian Treasurer Secretary Chief Executive Officer .' B Baggaley 10 BASSETLAW HOSPICE OF THE GOOD SHEPHERD REPOR T OF THE TRUSTEE5 FOR THE YEAR ENDING 31ST MARCH 2025 REGISTEREO CHARITY NUMBER 701876 Statement of Trustees, Responsibilities The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}. The law applicable to charities in England and Wales requires the charity trustees lo prepare financial slalemenls for each financial year which give a true and fair view of the slate of the affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements. the Iruslees are required lo.. select suitable accounting policies and then apply them consistently., obs8rve the methods and principles in the Charities SORP 2019 IFRS1021', make judgements and estimates that are reasonable and prudent.. slate whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial stalemenls., prepare the financial slalemenls an the going concern basis unless il is inappropriate lo assume that the company will continue on that basis. Th trustees dre responsible for keeping proper accounting recor s that discbse with reasonable accuracy, at any time, the financial position of the charity and lo enable them lo ensure that the financial stalemenls comply wilh the Charities Act 2011, the Charity {Accounl and Report51 Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps lor the prevenlion and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial informalion included on the charity's website. Legislation in the United Kingdoni governing the preparation and diss8minalion of financial slalemenls may differ from the legislation in other ILirisdiclions. Approv8d by the Ir Ipes on 21 July 2025 and signed on ils behalf by. Quigley MBE - Chair of Trustees BASSETLAW HOSPICE OF THE GOOD SHEPHERD Independent Auditor's Report to the Trustees of Bassetlaw Hospice of the Good Shepherd Opinion We have audited the financial statemenls of Bassetlaw Hospice of the Good Shepherd {Ihe'charity'l for the year ended 31 March 2025, which comprise the Statement of Financial Activities lincorporaling the Income and Expenditure Account). the Statement of Financial Position, the Statement of Cash Flows, and the Notes forming parl of the Financial Slatemenls, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of th8 State of the charity's affairs as al 31 March 2025 and of incoming resources and application of resources, for the year than ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, and have been prepared in accordance with the requirements of the Charities Act 2011. Basls for opinion We conductèd our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial slalemenls section ol our report We are independent of the charity in acc rdance with the ethical requirem&nls that are relevant lo our a dil of the financial slalemenls in the UK, in luding the FRC s Ethical Standard, and we have fulfilled our ther ethical responsibilities in accordance with these requiremenls We believe that the audil evidence we have obtained is sufficient and appropriate lo provide a basis lor our opinion. Emphasis of matter As disclosed in note 1 b - Going Concern. following the year end. the Iruslees made the decision lo transfer the operations ol the charity lo a newly formed Charitable Incorporated Organisation ICIOI. After due consideration of the above and all other relevant factors, the Irusle8s continue lo adopt the going concern basis in preparing the financial statements since preparing the accounts under a basis other than going concern would not be materially different. Concluslons relating to going concern In auditing the financial stalemenls, we have concluded that the charity's use of the going ¢on¢ern basis of accounting irs the preparation of the financial slalemenls is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubl on the charity's ability lo continue as a going concern for a period of al least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the charity trustees with respect lo going concefn are described in the relevant sections of Ihis report. Other information The other information comprises the information included in the annual report, other than the financia statements and our auditor's report thereon. The Iruslees are responsible fof the other information contained within the annual report. Our opinion on the financial slalemenls does not cover the other information and, except lo Ihe extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion thereon. 12 BASSETLAW HOSPICE OF THE GOOD SHEPHERD Independent Auditor's Report to the Trustees of Bassetlaw Hospice of the Good Shepherd (continued) Our responsibility is lo read the othor information and, in doing so. consider whelhar the other information is materially incon5Is1ent with the financial slalements or our knowledge obtained in the course of the audit. or otherwise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material misslalemenls, we are required lo determine whether this gives rise to a material misslalement in the financial slalements themselves. If. based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing lo report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us lo report to you if, in our opinion.. the information given in the Iruslees, report is inconsistent in any material respect with the financial 5tatemenls', or suffici@nl accounting records have not been kept., or the financial statements are not in agreement with the accounting records., or we have not received all Ihe information and explanations we require for our audit. Responsibilitles of trustees As explained more fully in Ihe Slalemenl of Trustees. Re5ponsibili118s sel out on page 12, the Iruslees are responsible lor Ihe pre[ aralion ol Ihe financial slalemenls and for being salisfied that ey give al true and fair view, and for such internal control as the Iruslees determine is necessary to enable the preparation of financial slalements Ihal are free from material misslalemenl. whether due to fraud or error. In preparing the financial slalemenls, the Iruslees are responsible for assessing the charity's ability to continue as a going conGern. disclosing, as applicable. mallers related lo goin9 concern and using the going concern basis of accounting unless the trustees either intend lo liquidate the charity or lo cease operations, or have no realistic allernalive bul lo do so. Auditor's responslbilities for the audit of the f inancial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with Ihe Act and relevant regulations made of having effect thereunder. Our objectives are lo obtain reasonable assurance about whether the financial slalements as a whole are free from material misslalemenl. whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a material misslalemenl 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 lo influence the economic decisions of users taken on the basis of these financial statements. Irregulaflties. including fraud. are instances of non-compliance with law5 and regulations. We design procedures in line with our responsibilities, outlined above, lo delect material misslalemenls in respect of irregularities, including fraud. The exlenl lo which our procedures are capable of delecling irregularities. including fraud is detailed below.. The charity is subject lo laws and regulalions that directly and indirectly affect the financial slatemenls. Based on our understanding of the company and the environment il operates within. we determined that the laws and regulations which were most significant included FRS 102, Charities Act 2011 and Heallh and Safely regulations. We considered Ihe extent lo which non-compliance with these laws and regulations might have a material effect on the financial statemenls, including how fraud might occur We evaluated management's incentives and opporlunilies for fraudulent manipulation of the financial slalemenls (including the risk of override of conlrolsl. and determined that the principal risks were related to the posting 13 BASSETLAW HOSPICE OF THE GOOD SHEPHERO Independent Auditor's Report to the Trustees of Bassetlaw Hospice of the Good Shepherd (Continued) of inappropriate journal entries lo improve the charity's result for the period. and management bias in key accounting estimates. Audit procedures performed by the engagement team included.. Discussions with management and those responsible for legal compliance procedures within the charity to obtain an understanding of the legal and regulatory framework applicable to the charity and how the charity complies with that framework, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud., Reviewing minutes of trustee meetings., Identifying and assessing the design effectiveness of controls that management has in place lo prevent and delecl fraud and non-compliance with laws and regulations; Challenging assumptions and judgements made by management in their significant accounting estimates, in relation lo the valuation of stock. Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations or posted by senior management. There are inherent limitations in the audit procedures described above and the more removed non- conipliance with laws and regulations is from the events and transactions reflected in the financial slalemenls, the less Ilkely we are to become aware of it, Also, the risk of not detecting a material misslalemenl due lo fraud 15 higher than the risk of not delecling one resulting from error. as fraud may involve deliberate concealment y, for example, forgery or inte lional misrepresentations, r through coIILlSlOn. A further descfiplion of our responsibilities is available on the Financial Reporting Council's website at.. hll s'.Ilwww.frc or , uklaudilursif MARCH 2025 Notes 2025 2024 Cash flow from operating activities Net cash used in operating activiti88 22 (32,659) {86,0921 Cash flows from investing activities: Dividends, interest and income from inveslrnenls Purchase of property, plant and equipment Proceeds from sale of investments Purchase of investments Net cash received from l (used In> investlng activities 137,224 15,743) 649,943 567,S24) 126,070 893,482 1,108,310 213.900 88,758 Change In cash and cash equivalents in the year 181,241 1174,8501 Cash and cash equivalents at the beginnlng of th year 277,681 452,531 Cash and cash equlvalents at the end of the year 23 458,922 277.681 17 BA55ETLAW H05PICE OF THE GOOD SHEPHERD NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31iT MARCH 2025 GENERAL INFORMATION The charity is an unincorporated organisation and a registered charity. The registered address is Cedar House, North Road, Retford, DN22 7XF. STATEMENT OF COMPLIANCE The financial slalemenls have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2019) (Charities SORP IFRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the financial statements are as follows: Basls of preparatlon Bassellaw Hospice of the Good Shepherd meets the definition of a public benefit enlily under FRS 102. The assets and 5iabililies are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. The financial slatemenls are prepared in sterling, which is Ihe functional currency of the charity. Going concern As disclos in note 25, following the year nd, the Iruslees made the ecision lo transfer the operations of the charity lo a newly formed Charitable Incorporated Organisalion ICIO). After due consideration of the above and all other relevant factors, the Iruslees continue to adopt the going concern basis in preparing the financial slaleiiieiils since prepariiig the accounls under any olher basis e.g. break-up basis would not be materially different. Judgements and key sources of estimation uncertainty The preparation of the financial slalements requires management lo make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed lo be reasonable under the circum51ances. The nature of estimation means that the outcomes could differ from Ihose eslimales. The most significant area of estimation uncertainly for Ihe charity is in relation lo the useful economic life of the fixed assets. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds are unfeslricted funds earmarked by the board of Iruslees for parlicular purposes. Reslricled funds are subject to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Currently the charity does not have any restricted funds. 18 BASSETLAW HOSPICE OF THE GOOD SHEPHERD NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST MARCH 2025 Incoming resources All incom ing resources are included in the Statement of Financial Activities when the charity is entitled lo the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied lo particular categories of income.. VolL5ntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included al the value lo the chaf Ily where this can be quantified. The value of 5ervice5 provided by volunteers has not been included in these accounts. Investment income is included when receivable. Incoming resources from grants. where related lo performance and specific deliverables, are accounled for as the charity earns the right lo consideration by ils performance. Legacy income is recognised when il is probable that il will be received. Resources xpended Expendilure is recognised on an accruals basis as a liabil ily is incurred. Expenditure includes any VAT where il cannot be fu51y recovered, and is reported as part of the expenditure lo which it relates.. Costs of generating funds comprise the costs associated with allracling voluntary income. Charitable expenditure comprises those costs incurred by the charity in the delivery of ils activities and services for ils beneficiaries. 11 includes both costs that can be allocated directly lo such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the conslilulional and slalulory requirements of the charity and include the professional fee5 and cosls linked lo the strategic management of the charity. All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed lo reflect the use of the resource. Costs relating to a parlicular activity are allocated directly, others are apporlioned on an appropriate basis e.g. floor areas, per capita or eslimaled usage. Tangible fixed assets Tangible f ixed 3ssels are slated at cost less depreciation. Depreciation is provided 31 rates calculated lo write off the cost or valuation of fixed assets: less their eslimaled residual value, over their expected useful lives on the following bases.. Building 40/0 slraighl line basis Medical equipment 250/0 reducing balance basis Hospice furniture fixtures & fittings 250/0 reducing balance basis Office & shop equipmenl 250/0 reducing balance basis 19 8ASSETLAW H05PICE OF THE GOOD SHEPHERD NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 315T MARCH 2025 Fixed asset investments Investments are initially recognised al their transaction value and subsequently measured at their market values al the Slalement of Financial Position dale using the closing quoted market price. The Statement of Financial Activities includes the net gains and losses arising on revalualion and disposals throughout the year. Realised gains and losses All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent lo the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities. Pensions The charity operated a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund during the year. Hire purchase and leasing commitments Renlals payable under operating leases are charged to the Slalemenl of Financial Activities on a raighl-line basis over the period of the lease, Stocks Stocks are valued al the lower of cost and nel realisable value, after making due allowance for obsolete and slow-moving Itenis. Govérnment grants Government grants are recognised al the fair value of the asset received or receivable. Grants are not recognised u nlil Ihere is reasonable assurance Ihal the company will comply with the conditions allaching lo them and the grants will be received. Government grants are recognised LÈsing the performance model. Under the performance model, where the grant does not impose specified future performance-relaled conditions on the recipient, il Is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient. it is recognised in income only when the performance-relaled conditions have been mel. Where grants received are prior lo satisfying Ihe revenue recognition criteria. they are recognised as a 20 BASSETLAW HOSPICE OF THE GOOD SHEPHERD NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31" MARCH 2025 2. Donations & legacies 2025 2024 Donations Gift aid Legacies Subscriptions Collections 205,144 8,146 23,589 14,063 3,822 138.294 1,606 36,624 13,750 1,557 254,764 191,831 All of the legacies received included above are unrestricted. 3. Charitable activities 2025 2024 Hospice lealcoffee 2,389 3,595 2,389 4. Other trading actlvities 2025 2024 Shop income Fundraising events e8ay sales Rose garden income 82.315 23.841 6,695 1,239 87.066 18,739 1,653 1,867 114,090 109,325 5. Investment Income 2025 2024 Solar Panel income Dividends - equities Interest on cash deposits Other income 2.530 99,136 30,024 5,534 2,980 go.501 27,247 5.342 137,224 126,070 21 8ASSETLAW HOSPICE OF THE GOOD SHEPHERD NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 315r MARCH 2025 6. Other Incoming Resources 2025 2024 Grant income 7,678 7. Cost of raising funds 2025 2024 Charity Shops Opening stock Purchases Closing stock Staff cost Other operating leases Rates and water Insurance Light and heat Professional fees Shop repairs Advertising & marketing Stationery Sundry costs Telephone & broadband 283 555 {2831 39,223 29,202 1,376 3,931 5.313 5,045 6,135 685 338 1,080 1,504 283 579 (2831 32,773 31,323 1,307 3,656 5,377 2,950 8,349 2,548 28 564 1,619 | 94,387 91,073 Costs of generating voluntary income Staff costs Other operating leases Rales and water Insurance Lighl and heat Event costs Advertising Professional fees Charity expenses Sundry expenses Slalionery & office expenses Telephone & broadband Repairs & maintenance Bank charges 66,320 8.625 917 3,931 2,276 4,643 615 5,045 56,919 6,088 871 3,656 2,305 5,592 2.548 2.950 774 743 2,587 1,619 319 104 950 2,808 1,505 741 212 98,588 87,075 Investment management Portfolio management 27,693 19,017 27.693 19,017 22 BA55ETLAW HOSPICE OF THE GOOD SHEPHERD NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31" MARCH 2025 8. Charitable activities costs 2025 2024 Staff costs External service5 Rates & water Facilities contracts Insurance Light & heal Postage, slationefy & telephone Sundries Repairs & renewals Garden maintenance Equipment & supplies Repairs lo equipment Travel Non-medical NHS costs Depreciation Support costs Advertising & marketing Professional fees Grant expenditure 44,223 19,965 7,324 3,896 3,932 19,966 3,173 2,594 36,554 20,779 6.867 10.158 3,656 21,160 2,955 5,585 4,446 702 4,079 12,702 6,052 80,015 95,465 3,010 2,548 1,235 1,833 2,494 4,367 71,355 74,859 615 5,108 7,282 274,221 316,733 9. Staff costs 2025 2024 External services Salaries and wages Social security costs Staff pensions 20,586 131,399 3.839 4.291 20,779 118,817 3,191 4,041 160.115 146,828 The average number of employees analysed by funclion was: 2025 2024 Direct charitable Cost of raising funds No employee earned remuneration of more than £60,000 (2024. £60,000). 23 BASSETLAW HOSPICE OF THE GOOD SHEPHERD NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 315T MARCH 2025 10. Trustee Remuneration & Related Party Transactions No trustee or related party received any remuneration in either the current year or previous period. No Iruslee or other related person to the charity had any personal interest in any contract or transaction entered into by the charity during the year. During the year the remuneration paid lo the charity operation's managerwas £45,060.12024.. £44.616). 11. Net income Nel income for the year is staled after charging,. 2025 2024 Depreciation Auditors, remuneration - audit services for accountancy services Payroll management services Operating lease rentals 74,859 6,600 3,000 1,650 40,577 95,465 4,900 2,300 1,650 37,411 12.T xatlon As a charity, Bassellaw Hospice of Ihe Good Shepherd is exempt from lax on income and gains falling within Section 505 of Ihe Taxes Act 1998 or Section 256 of the Chargc¢ible Gains Act 1992 to the exlenl that these are applied lo ils charitable obJecls. 24 BASSETLAW HOSPICE OF THE GOOD SHEPHERD NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31" MARCH 2025 13. Fixed assets Medical equipment Hosplce fixtu res & fittings Office & shop equipment Total Building COST As al 1 April 2024 Additions 2,333,909 115,947 152,822 1,044 24,333 4,699 2,627,011 5,743 At 31 March 2025 2.333,909 115,947 153,866 29.032 2,632,754 DEPRECIATION As al 1 April 2024 Charge for the year 928,386 60,770 101,032 3.729 118,152 8,773 20,336 1,587 1,167.906 74,859 At 31 March 2025 989,158 104,761 126,925 21,g23 1,242,765 NET BOOK VALUE At 31 March 2025 1,344,753 11,186 26,941 7,109 1,389,989 Al 31 March 2024 1,405.523 14,915 34,670 3,997 1,459.105 25 BASSETLAW HOSPICE OF THE GOOD SHEPHERD NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST MARCH 2025 14. Fixed asset Investments Movement in fixed asset investments 2025 2024 Market value brought forward 1 April 2024 Additions lo investments at cost Disposal of investments Gain on disposal of investments Net gain on revaluation of investments 4,992,373 567,524 1649,9431 3.809 31,795 4,492,529 1,108,310 (893,482) 74,724 210.292 Market value carried forward at 31 March 2025 Cash deposits held within the investment portfolio 4,945,358 274.040 4,992,373 94,050 5,219,398 5,086,423 Investments at market value Comprised.. Equities 4.945,358 4,992.373 Cash deposits held within he investment portfolio 274,040 94,050 Total 5,219,398 5,086,423 All investments are carried at their niarkel value. Inveslmeiils in equities and fixed interesl securities are all traded in quoted public markets Inve51menl sales and purchases are recognised at Ihe dale of the trade al cost {thal is their Iransaclion value). 15. Stock 2025 2024 Stocks of merchandise for resale 283 283 283 283 16. Debtors 2025 2024 Legacies receivable Prepayments VAT recoverable Other debtors & accrued income 2.200 8,425 11,436 11,735 5,786 9,417 26.938 22,066 26 BASSETLAW HOSPICE OF THE GOOD SHEPHERD NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENOING 315T MARCH 2025 17. Cash at bank and In hand 2025 2024 Charity petty cash Maintenance petty cash Events pelly cash Shop cash register Bank account Iruslees Bank account maintenance Bank account charity Main investment account Virgin money account PayPal 1.206 4.246 26 20 1,026 3,053 5,762 153,161 10,460 5,922 109 4,206 27 1,342 4,956 4,319 152,290 10,460 5,922 184,882 183.631 18. Creditors.. amounts falling due within onej year 2025 2024 Trade creditors Taxation & social security Accruals Pension liabilily 16,088 2,208 14,134 802 11,538 2,045 5,662 665 33,232 19,910 19. Operating Lease Commltments 2025 2024 Total lease commitments 67,791 91.731 67,791 91.731 The following operating lease payments are commilled lo be paid.. The lease commitments disclosed above, relate lo Relford shop premises leased by charity in order lo generate funds. 27 BA55ETLAW HOSPICE OF THE GOOD SHEPHERD NOTE5 FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST MARCH 2025 20, Movement in Funds At 1 April 2024 Income Expenditure Gains At 31 March 2025 Unrestricted Funds: General Fvnd 6,731,598 516,145 1494,889) 35,404 6,788.258 Total funds 6,731,598 516.145 494,889 35,404 6,788.258 21. APB Ethical Standard- provlsions available for small entlties In common with many other organisations of our size and nature we use our auditors to prepare and submit returns lo the lax authorities and assist with the preparation of our financial slalemenls. Charges for these services are.. Payroll processing £1,650, Accountancy services £3,000, Auditing £6.600. Total £11,25012024.' £8,850). 22. Reconclliatlon of net income to not cash flow from operating actlvitles 2025 2024 Nel surplus for IhEI year Adjustments for.. Depreciation charges (Gains) on investments Dividends, interest and income froni investments I Increase) I decrease in debtors Increase in creditors 56,660 201,939 74,859 95,465 (35,404) (285,016) 1137,2241 (216,0701 (4.8721 15,923 13.322 11,667 (32,6591 {86,0921 23. Analysls of cash and cash equivalents 2025 2024 Cash al bank and in hand Cash held in investment portfolio 184,882 274.040 183,631 94,050 458,922 277,681 24. Related party transactions The charity did not have any Related Party Transactions during the year erided 31 March 2025 (2024- none) 28 BASSETLAW HOSPICE OF THE GOOD SHEPHERO NOTES FORMING PART OF fHE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31, MARCH 2025 25, Post balance sheet events Following the year end, the trustees have taken the decision lo transfer the operations Of the charity to a newly formed Charitable Incorporated Organisation ICIO}. This will include the Iransfer of all ils staff, investments and assets and liabilities lo the CIO. 29 BASSETLAW HOSPICE OF THE GOOD SHEPHERD Analysis of Statement of Financial Activities for the Year ended 31 March 2025 Income 2025 2024 Donations & legacies Donations Gift aid Legacies Subscriptions Collections 205,144 8,146 23,589 14,063 3,822 138,294 1,606 36,624 13,750 1,557 254 764 191,831 Charitable activitles Hospice tealcoffee 2,389 2,389 3,595 3,595 Other trading activities Shop income Fundraising events eBay sales Rose garden income 82,315 23,841 6,695 1,239 87,066 18,739 1,643 1,867 114,090 109,325 Investment Income Solar panel income Dividends - equities I nleresl on cash deposits Other income 2.530 99.136 30,024 5,534 2,980 90,501 27,247 5,342 137,224 126,070 Grant income 7,678 516,145 430.821 Total Income for the year 30 8ASSETLAW HOSPICE OF THE GOOD SHEPHERD Analysis of Statement of Financial Activities for the Year ended 31 March 2025 Expenditure 2025 2024 Cost of fundraising Charity shops Opening stock Purchases Closing stock Staff costs 283 555 12831 39,223 283 579 1283) 32,773 E li Other operating leases Rates & water Insurance Light & heat Shop repairs Professional fees Advertising & marketing Stationery Sundry costs Telephone & broadband 29,202 1,376 3,931 5,313 5,045 6,135 685 338 1,080 1,504 31,323 1,307 3,656 5,377 8,349 2,950 2,548 28 564 1.619 ,387 91,073 Cost of generating voluntary Income Staff costs Other operating costs Rates & water Insurance Light & heal Evenl costs Advertising Professional fees Charity expenses Sundry expenses Slalionery & office expenses Telephone & broadband Repairs & maintenance Bank charges 66,320 8,625 917 3,931 2,276 4,643 615 5.045 56.919 6.088 871 3,656 2,305 5,592 2,548 2,950 774 743 2,587 1,619 319 104 950 2,808 1,505 741 212 98,588 87,075 Investment management Portfolio management 27,693 19,017 Total costs of fundraising 220,668 197.165 31 BASSETLAW HOSPICE OF THE GOOD SHEPHERD Analysis of Statement of Financial Activities for the Year ended 31 March 2025 2025 2024 Charitable activities Staff costs External services Rales & water Facilities contracts Insurance Light & heat Postage, stationery & telephone Sundries Repairs & renewals Garden maintenance Equipment & supplies Repairs to equipment Travel Non-medical NHS costs Depreciation Support costs Adverlising & marketing Professional fe Grant expendilu 44,223 19,965 7,324 3,896 3,932 19,966 3,173 2,594 36.554 20,779 6.867 10,158 3,656 21,160 2,955 4,446 5,585 702 4.079 12,702 6,052 80.015 95.465 3.010 2.548 1,235 1,833 2,494 4,367 71,355 74,859 615 5,108 7,282 274,221 316.733 Total expenditure for the year 494.889 513,898 Net surplus l (deficlt) before other gains 21.256 (83,077) Nel gain on revaluation of investments 29,311 210,292 Gain on disposal of investments 6,093 74,724 Net income for the year 56.660 201 939 32