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← Foyle Hospice

2025-03-31-accounts

Company registration number NI04 8869

FOYLE HOSPICE

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOYLE HOSPICE

CONTENTS nr

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FOYLE HOSPICE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs Angela Mcintyre MBE (Chairperson) Ms Patricia Blaney (Vice Chairperson) Mr Gerard O'Hara (Treasurer) Mr Patrick Kelly Mr Brendan Dowdall Ms Jennifer Maloney Mrs Carolann Doherty Mrs Gillian King Dr Gerry Mackin (Appointed 30 September 2024) Ms Therese Brown (Appointed 30 September 2024) Mr Damian McCauley (Appointed 30 September 2024) Secretary Mr Brendan Dowdall Senior Donail Henderson Chief Executive Officer management Dr Paul Mclvor Medical Director Annmarie Casey Director of Nursing and Clinical Care Services Teresa Sythes Human Resources and Administrative Services Manager Sheila Duffy Director of Income Generation and Communications

Charity number NIC100871 - Company number NI018869 Registered office 61 Culmore Road Derry BT48 8JE Auditor Moore (NI) LLP 21/23 Clarendon Street Derry/Londonderry BT48 7EP Bankers Danske Bank Donegall Square West Belfast PO BOX 183 Danske Bank 46-48 Catherine Street Limavady Co. Londonderry BT49 9DB

Bank of Ireland Lower Main Street Buncrana Co. Donegal F93 HC57

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FOYLE HOSPICE

LEGAL AND ADMINISTRATIVE INFORMATION

nnn Solicitors Kelly & Corr Solicitors 65 Clarendon Street DERRY BT48 7ER Investment J & & Davy (UK) Limited advisors 7 Donegall Square North Belfast BT1 5GB

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FOYLE HOSPICE TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of [reland" and the Charities SORP “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

The principal activities of the Foyle Hospice are the provision of palliative and end of life care for those patients who require it, as well as providing support for their families and carers. These services, free of any cost, are delivered through Foyle Hospice’s Community Team, Day Hospice and In-Patient Care services and support.

The aims and objectives of the charity are as set out in the objects contained in the company's Memorandum of Association as well as the new three-year Strategic Pian, with effect from April 2024 — March 2027. In fulfilling its objectives, Foyle Hospice provides the following services:

In-Patient Care

The In-Patient Unit currently comprises 9 beds and 1 self-contained apartments. Foyle Hospice supports families, friends and carers of patients to help them cope during their illness and in bereavement, in an attentive and nonintrusive way. Patients may be admitted for respite care or for pain and symptom control with a view to being discharged home. Patients are also admitted for specialist care and support in the terminal phase of their illness.

Community Palliative Care Nursing Team Foyle Hospice has a team of specialist nurses who visit patients in their homes across the whole of the Western Health and Social Care Trust area. The Community Palliative Care Nursing Team work closely with GP’s and District Nurses offering support and advice to ensure patients receive the best quality of care available. The specific needs of family and friends are also considered. A Speciality Doctor, supported by our medical team within Foyle Hospice and other professionals closely support these specialist nurses.

Day Therapy

Our Day Therapy Service operates three days per week and provides an opportunity for patient assessments, social activities and complementary therapies. It also enables a short respite break for those at home, who provide caring arrangements for an ill relative or friend.

Bereavement Support

This is an important element of hospice care and support available to relatives and friends of patients. The bereavement support sessions are facilitated by staff, supported by experienced volunteers and offer a safe, secure and comfortable environment for the users to express their feelings relating to their experience of death.

Healing Hearts is a specialist bereavement support service for young people aged 4 — 18 years and is led bya Children and Young Person's Facilitator, currently supported by our Children’s Counsellors.

Advice Foyle Hospice offers 24/7 Telephone Advice service, which is available at all times for advice to GPs, district nurses, hospital staff, health care professionals, relatives and other members of the public in matters relating to Palliative and End of Life Care.

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FOYLE HOSPICE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

I

Other Activities During the financial year, Foyle Hospice once again received addition non-recurrent funding from the Department of Health's Strategic Planning and Performance Group (SPPG) to support continued delivery of the Integrative Care Clinic three days per week. However, we have recently been advised that SPPG will no longer fund the delivery of this this service. We are looking at alternative opportunities and hope to identify options as to how we might best approach the delivery of a sustainable out patient service. SPPG has also provided funding to enable the delivery of a Compassionate Communities framework across Northern Ireland, which continues to focus on raising awareness and education about death, dying and bereavement within communities. Funding for this project has now been secured for three years, to the end of March 2028 and continues to build and develop strong relationships with agencies, organisations and groups across the entire region. Through the Department of Health's Cancer Charities Support Fund, administered by the Community Foundation Northern Ireland, Foyle Hospice has been able to deliver community services seven days per week, to include weekends and public holidays. Phase One has also included the provision of adult and children counselling services. As a result of additional funding from generous grant providers and our own funds, the counselling services have been extended to March 2026 and the community seven day service has been extended to July 2027. Further funding was approved for Foyle Hospice, through Phase Three of the Department of Health’s Cancer Charities Support Fund. This currently includes a Specialty Doctor to support the Community Team and Complementary Therapist services, which have also been extended until the end of October 2025. The Trustees have paid due regard to guidance issued by the Charity Commission for Northern Ireland in deciding what activities the charity should undertake.

Public benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Volunteers Volunteers play a key role in all services at Foyle Hospice, particularly in the provision of vital support to the IPU, Day Hospice, Bereavement Support, Fundraising and Retail. Trustees volunteer their time freely to attend regular poard meetings, structured and ad hoc sub committees, as well as offering ongoing support fo the Senior Management Team and the organisation as a whole. A Volunteer Forum has also been established, offering a platform for volunteers across all key service areas to have a voice and provide an opportunity to feedback to improve and/or enhance respective service delivery.

Achievements and performance Significant activities and achievements against objectives The Board of Trustees are extremely pleased to have had yet another exceptionally positive inspection by RQIA in February 2025, with no areas of improvement or recommendations reported.

The current strategic plan focuses on enhanced services and support frameworks, so as to greater enable patients to remain at home. The review of Day Hospice services has been undertaken by SPPG and we hope that the outcome will result in closer working relationships with provision of services that are based on patient need. We hope to provide an optimum number of bed spaces at our Inpatient Unit, which are so desperately needed to support patients with more complex conditions. Foyle Hospice’s accounts for 2024/25 demonstrate a deficit of £46,225. However, the Board of Trustees are well aware of the long-term financial risks and uncertainty as we continue to navigate society that is significantly impacted by the ongoing cost-of-living crisis and political instability.

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FOYLE HOSPICE TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 eee Financial review The Statement of Financial Activities indicates that the Hospice had incoming resources of £4,650,366 in the year. The expenditure for the year was £4,895,462. Which resulted in net expenditure of £245,096. Net gains on investments of £199,475 represent realised gains on sale of investments in the amount of £199,299 plus revaluation gains on investments to market value in the amount of £176. Additionally, sterling euro exchange adjustments resulted in losses of £604. All of these factors resulted in the Hospice reporting overall deficit for the 2024/25 financial year of £46,225. As such, the Hospice's accumulated funds decreased by this amount.

The Trustees were required to transfer an amount of £79,017 from unrestricted funds to restricted funds, which represents Foyle Hospice contribution towards the cost of providing services in the Southern Sector.

Trustees, along with the Finance and Audit Committee and Senior Management Team have continued to monitor our income and reserves, assessing the financial and operational risks to the charity, taking appropriate actions to mitigate the impact of any negative outcomes.

Reserves policy

The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (‘the free reserves’) held by Foyle Hospice should equate to approximately 12 months of unrestricted expenditure (approximately £4,200,000) to enable the charity to continue the current activities in the event of a significant drop in fundraising.

At 31 March 2025 the free reserves were £7,157,801 and as such the target has been achieved.

Additionally, £182,008 was received in respect of the Integrative Care Clinic and Compassionate Communities. A further £247,687 was received through the Cancer Charities Support Fund. Foyle Hospice was also awarded funding from St James Place Foundation for the Southern Sector totalling £40,000, with £30,000 apportioned to FY25 and £10,000 to FY26. Additionally, £60,000 of support was received from Gillan Family Trust in FY25.

Despite voluntary income performing much better than anticipated in year, there is a reported deficit which has resulted in a decrease in Foyle Hospice's free reserves at the reporting date. Trustees accept the projection of further deficits of income against expenditure for 2025/26 financial year, but have increased targets for voluntary income based on previous year’s performance. The organisation will continue to monitor income and expenditure during 2025/26 on a quarterly basis.

The assessment is based on the non-recurring nature of some funding support received during 2024/25 and the unpredictably of voluntary income such as legacies and donations, further compounded by the impact of the cost-ofliving crisis.

Therefore, the Trustees anticipate that the free reserves will be used to ensure we maintain appropriate levels of service provision during this period.

Investment policy

The Trustees have considered the most appropriate policy for investing funds. In the accounting year ended 31 March 2025 the Trustees continued with the management of their investment portfolio through Davy. Davy's aim is to ensure that selected securities are relatively safe and provide a reasonable yield. They do not currently chase high yield to the detriment of risk in the portfolio.

Major risks

The Govemance and Risk Committee works in collaboration with the Senior Management Team in relation to managing and mitigating against risk. A Risk Management Strategy is in place, alongside a Corporate Risk Register and Operational Risk Register, both of which are reviewed on a regular basis.

This Committee has assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to the major risks.

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FOYLE HOSPICE

TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

I

Structure, governance and management The organisation is a company Limited by Guarantee not having a share capital, incorporated on 11th October 1985 and is registered with The Charity Commission for Northern Ireland.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were. Mrs Angela Mcintyre MBE (Chairperson) Ms Patricia Blaney (Vice Chairperson) Mr Gerard O'Hara (Treasurer) Mr Patrick Kelly Mr Brendan Dowdall Ms Jennifer Maloney Mrs Carolann Doherty Mrs Gillian King Dr Gerry Mackin (Appointed 30 September 2024) Ms Therese Brown (Appointed 30 September 2024) Mr Damian McCauley (Appointed 30 September 2024)

Recruitment and appointment of trustees

The Board of Trustees can have up to 24 members but not less than 5 members. There are currently 11 Trustees. As set out in the Articles of Association, one third of the serving trustees retire at each Annual General Meeting and they shall be those who have been longest in office since the last election or appointment. A retiring director shail be eligible for re-election for at least a second term of three years. The Trustees shall at any time elect a new trustee by co-option and who will remain in office until the next Annual General Meeting, but shall also be eligible for reelection. Foyle Hospice undertakes an annual skills audit among Trustees in order to identify any knowledge and/or skills gaps within its membership. These skills are specific to the strategic and operational nature of the organisation. Foyle Hospice will undertake regular Trustee Recruitment Drives to achieve balance and with a view to proactive succession planning. Trustee induction and training Fram time to time, expressions of interest will facilitate recruitment of new trustees to meet the essential skill set for the Board of Trustees. Potential candidates will meet with the Chair and Vice Chairperson in the first instance for a discussion about their role, responsibilities and expectations. They will then have the opportunity to meet with the Chief Executive who will facilitate an orientation day to brief them on: their legal obligations under charity and company law, the charity commission guidance on public benefit, and inform them of the content of the Memorandum and Articles of Association, various committees, organisational structure and decision-making process, the strategic plan and recent financial performance of the charity.

As part of the induction, they will have an opportunity to meet with Senior Management Team, key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate and further support the undertaking of the role.

Organisational structure The Board of Trustees administer the charity. A Chief Executive Officer is appointed by the Trustees to manage the day-to-day operations of the charity. To facilitate effective operations, the CEO has delegated authority, within terms of delegation approved by the Trustees, for operational matters including finance and the management of the InPatient Unit, the Day Hospice, Community Team and the Income Generation and Communications Department, alongside any other projects that may be contracted to Foyle Hospice.

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FOYLE HOSPICE TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 TTTeee

Relationship with related parties

None of the trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee or senior manager of the charity with a contracted supplier must be disclosed to the full Board of Trustees in the same way as any other contractual relationship with a related party. In the current year, no such related party transactions were reported. All Trustees are required to complete a Declaration of Interest Form and these are updated on an annuai basis or as required subject to individual circumstances.

Statement of trustees’ responsibilities

The trustees, who are also the directors of Foyle Hospice for the purpose of company law, are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

in preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and ~ prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Moore (NI) LLP were appointed as auditor of the company for the three year period covering 2024/25 - 2026/27 following a tender process. in accordance with the company's articles, a resolution proposing that Moore (NI) LLP be reappointed as auditor of the company will be put at the Annual General Meeting.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees’ report was approved by the Board of Trustees.

Mrs Angela Mcintyre MBE (Chairperson) Trustee

| a22. SF-99

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FOYLE HOSPICE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF FOYLE HOSPICE a

Opinion We have audited the financial statements of Foyle Hospice (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, 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 Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

in our opinion, the financial statements: - give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then 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 Companies Act 2006.

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

Conclusions relating to going concern in auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. lf, 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 to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.

Based on our understanding of the charitable company and its operating environment, we determined that the most significant frameworks which have a direct impact on the preparation of the financial statements are those related to the reporting framework, (FRS 102, the Charities Act (Northern Ireland) 2008, The Charities (Accounts and Reports) Regulations (Northern ireland) 2015, the Charity SORP and the Companies Act 2006) of which non-compliance may have a material effect on the financial statements. Compliance with these laws and regulations was assessed as part of our procedures.

Other laws and regulations of which non-compliance may have a material effect on the financial statements, e.g. through fines or litigation, were identified as regulations in relation to employment law and provision of medical care services which are regulated by the RQIA. Our required procedures in these areas are limited to inquiry of trustees and other management and inspection of any regulatory or legal correspondence. These limited procedures did not identify any actual or suspected non-compliance.

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FOYLE HOSPICE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF FOYLE HOSPICE II Came We assessed the susceptibility of the charitable company's financial statements to material misstatement, including how fraud might occur, including evaluating management's incentives and opportunities to manage earings or influence the reported results. From the results of our assessment, we determined that the principal risks of fraud relate to posting inappropriate journal entries and use of charity funds for purposes outside of restrictions imposed py the donor. In common with all audits under ISAs (UK), we are required to perform specific procedures to respond to the risk of management override.

We communicated relevant laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment through collusion, forgery, intentional omissions, misrepresentations or the override of internal control.

A further description of our responsibilities is available on the Financial Reporting Council's website at: htips:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

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FOYLE HOSPICE

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF FOYLE HOSPICE

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Dr R | Peters Gallagher OBE FCA (Senior Statutory Auditor) For and on behalf of Moore (NI) LLP, Statutory Auditor Chartered Accountants 21/23 Clarendon Street Derry/Londonderry BT48Date: Us7EP \o\n2ts”

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FOYLE HOSPICE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 20252025 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 20252025 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 20252025 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 20252025 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 20252025 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 20252025 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 20252025
a
Current financialyear Unrestricted
funds		 Unrestricted
funds		 Restricted
funds		 Tota! Total
general
2025		 designated
2025		 2025 2025 2024
Notes £ £ £ £ £
Income and endowments from:
Donations and legacies
Charitable activities
Othertrading activities
Investments
Otherincome		 3
4
5
6
7		 1,837,590
1,454,922
553,505
64,665
-		 -
-
-
-
-		 67,060
672,624
-
-
-		 1,904,650
2,127,546
553,505
64,665
-		 1,804,166
2,006,893
447,574
55,357
7,710
Totalincome 3,910,682 - 739,684 4,650,366 4,321,700
Expenditure on:
Raising funds
Charitable activities		 8
9		 1,113,960
2,952,771		 -
17,947		 27,340
783,444		 1,141,300
3,754,162		 4,042,145
3,507,031
Totalexpenditure 4,066,731 17,947 810,784 4,895,462 4,549,176
Net gains/(losses) on
investments		 13 199,475 - - 199,475 580,156
Net income/(expenditure) 43,426 (17,947) (71,100) (45,621) 352,680
Transfers between funds (79,017) . 79,017 - -
Other recognised gains and
losses:
Other losses		 45 (604) - - (604) (196)
Netmovement in funds 10 (36,195) (17,947) 7,917 (46,225) 352,484
Reconciliation offunds:
Fund balances at 1 April 2024		 9,116,469 1,132,012 427,165 10,675,646 10,323,162
Fundbalancesat31March2025 9,080,274 1,114,065 435,082 10,629,421 10,675,646

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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FOYLE HOSPICE

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2025MARCH 20252025 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2025MARCH 20252025 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2025MARCH 20252025 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2025MARCH 20252025 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2025MARCH 20252025 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2025MARCH 20252025
eee
Priorfinancialyear Unrestricted
funds		 Unrestricted
funds		 Restricted
funds		 Total
general designated
2024 2024 2024 2024
Notes £ £ £ £
Income and endowments from:
Donationsand legacies
Charitable activities
Othertrading activities
Investments
Otherincome		 3
4
5
6
7		 1,758,217
1,392,394
447 574
55,357
7,710		 -
-
-
-
-		 45,949
614,499
-
-
-		 1,804,166
2,006,893
447,574
55,357
7,710
Totalincome 3,661,252 ~- 660,448 4,321,700
Expenditure on:
Raising funds 8 1,039,186 - 2,959 1,042,145
Charitable activities 9 2,971,986 18,124 516,921 3,507,031
Totalexpenditure 4,011,172 18,124 519,880 4,549,176
Net gains/(losses) on investments 13 580,156 - - 580,156
Netincome/(expenditure) 230,236 (18,124) 140,568 352,680
Other recognised gains and losses:
Otherlosses 15 (196) - - (196)
Netmovement infunds 10 230,040 (18,124) 140,568 352,484
Reconciliation offunds:
Fund balances at 1 April 2023 8,886,429 1,150,136 286,597 10,323,162
Fundbalancesat31March2024 9,116,469 1,132,012 427,165 10,675,646

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FOYLE HOSPICE

BALANCE SHEET

AS AT 31 MARCH 2025

AS ATAT 31 MARCH 2025 AS ATAT 31 MARCH 2025 AS ATAT 31 MARCH 2025 AS ATAT 31 MARCH 2025 AS ATAT 31 MARCH 2025
A
2025 2024
Notes £ £ £
£
Fixed assets
Tangible assets
Investments		 16
17		 2,533,538
6,940,025		 2,613,117
6,892,376
9,473,563 9,505,493
Current assets
Debtors
Cash at bank and in hand		 18 264,267
1,455,107		 222,639
1,553,759
1,719,374 1,776,398
Creditors: amounts falling due within
oneyear		 19 (563,516) (606,245)
Netcurrent assets 1,155,858 1,170,153
Total assets less current liabilities 10,629,421 10,675,646
Netassets 10,629,421 10,675,646
The funds ofthe charity
Restricted income funds
Unrestricted funds -general
Unrestricted funds -designated		 23
22		 435,082
9,080,274
1,114,065		 427,165
9,116,469
1,132,012
10,629,421 10,675,646

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on 22104[; A.

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Pree tS.

Mrs Angela Mcintyre MBE (Chairperson) Mr Geral O'Hara (Treastrer)
Trustee Trustee
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Company registration number NI018869 (Northern Ireland)

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FOYLE HOSPICE

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

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|||||||||| |---|---|---|---|---|---|---|---|---| |eee| |2025|2024| |Notes|£|£|£|£| |Cash|flows|from|operating|activities| |Cash|(absorbed|by)/generated|from|29| |operations|(310,979)|102,523| |Investing|activities| |Purchase of tangible|fixed|assets|(4,164)|(5,580)| |Purchase|of investments|(2,085,745)|(990,552)| |Proceeds from|disposal|of|investments|2,237,571|1,147,229| |Investment income|received|64,665|55,357| |Net cash|generated from|investing|activities|212,327|206,454| |Net cash|generated from financing|activities|-|-| |Net|(decrease)/increase|in|cash|and|cash| |equivalents|(98,652)|308,977| |Cash|and|cash|equivalents|at|beginning|of year|1,553,759|1,244,782| |Cash and|cash|equivalents|at end|of year|1,455,107|1,553,759|

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

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FOYLE HOSPICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 nnn cos

Charity information Foyle Hospice is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 61 Culmore Road, Derry, BT48 8JE. It is registered as a charity with the Charity Commission for _[Northern][Ireland][with][effect][ from][12][December][2014.]

1.1. Basis of preparation The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” and the Charities SORP “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.

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

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2. Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3. Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. In addition, funds may be held in order to finance capital investment and working capital. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose which would otherwise form part of the generai reserve of the charity.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised at the earlier of the date on which either: the charity is aware that probate has been granted; the estate has been finalised and notification has been made by the executor(s) that a distribution will be made; or whena distribution is received from the estate.

In accordance with the Charities SORP (FRS 102), the general time given by volunteers is not recognised and refer to the Trustees' Report for more information about volunteers contribution.

tt -16-

FOYLE HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 eee 1 Accounting policies (Continued) Interest on funds held on deposit is recognised when receivable and the amount can be measured reliably by the charity. This is normaily on notification of the interest paid or payable by the bank.

Cost of raising funds Comprises the cost of running the fundraising department including the cost incurrred in seeking donations, operating the weekly draw, staging events and contacting volunteers and others to raise funds on behalf of the charity and operating shops to seli donated goods.

Expenditure on Charitable Activities

includes the costs of running the In-Patient Unit, the Day Therapy Unit and the Home Care Department and all activities undertaken to further the purposes of the charity and their associated support costs.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Land|&|Buildings|at|Culmore|Road|2%|straight|line| |Day|Care|Centre|Culmore|Road|2%|straight|line| |Office|Fixtures|and|fittings|20%|of reducing|balance| |Shops|Fixtures|and|fittings|20%|of reducing|balance| |Hospice|Furnishings and|equipment|20%|of reducing|balance| |Motor Vehicles|25%|of reducing|balance|

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

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

a

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FOYLE HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 I 1Accounting policies (Continued)

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basie financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

1.12 Employee benefits

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fail due.

1.14 Foreign exchange

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange prevailing at the accounting date. Foreign currency transactions are recorded at the date of the transaction and all differences are taken to the Statement of Financial Activities.

it - 18-

FOYLE HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

eee

2 Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Donationsand gifts
Legacies receivable
Fundraising income		 497,969
62,598
1,277,023		 67,060
-
-		 565,029
62,598
1,277,023		 346,862
119,832
1,291,523		 45,949
-
-		 392,811
119,832
1,291,523
1,837,590 67,060 1,904,650 1,758,217 45,949 1,804,166
Incomefrom charitable activities
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Hospice Funding
Department ofHealth -
SPPG annual funding 1,454,922 - 1,454,922 1,392,394 - 1,392,394
ICP Project Funding
WHSCT projectfunding - 182,008 182,008 - 176,010 176,010
CFNI Project Funding
Department of Health
CancerCharities Support
Fund - 247,687 247,687 - 296,900 296,900
Southern Sector Funding
WHSCT projectfunding - 242,929 242,929 - 141,589 141,589
1,454,922 672,624 2,127,546 1,392,394 614,499 2,006,893

4 Income from charitable activities

ee

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FOYLE HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

A

5Income from other trading activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Shopincome §53,505 447,574
6 Income from investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Investment income 64,665 55,357
7 Other income
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Insuranceclaim - 7,710

ee

-20-

FOYLE HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

eee 8 Expenditure on raising funds

Unrestricted
funds		 Restricted
funds		 Total Unrestricted
funds		 Restricted
funds		 Total
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Fundraising and publicity
Fundraising costs and
overheads
Otherfundraising costs		 239,626
84,309		 -
-		 239,626
84,309		 244,548
41,919		 -
-		 244,548
41,919
Staffcosts 367,294 - 367,294 373,761 - 373,761
Depreciation and
impairment 11,450 - 11,450 12,624 - 12,624
702,679 - 702,679 672,852 - 672,852
Trading costs
Operating charity shops 185,928 - 185,928 150,053 - 150,053
Staffcosts 167,433 27,340 194,773 162,070 2,959 165,029
353,361 27,340 380,701 312,123 2,959 315,082
Investment management 57,920 - 57,920 54,211 - 54,211
Totalcosts 1,113,960 27,340 1,141,300 1,039,186 2,959 1,042,145

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FOYLE HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

a

9Expenditure on charitable activities

In PatientDayTherapy
Unit
2025		 Therapy
Unit
2025		 Homecare ICP ProjectCFNI
2025
2025		 Homecare ICP ProjectCFNI
2025
2025		 Project
2025		 Southern
Sector
2025		 Total
2025
£ £ £ £ £ £ £
Direct costs
Staffcosts 1,819,285 229,567 308,793 179,192 228,790 295,183 3,060,810
Depreciation and impairment
Locums& OutofHours Cover
Joint Palliative Care Consultant		 59,423
94,809
80,932		 9,507
-
“		 3,363
-
-		 -
-
-		 -
-
-		 -
-
-		 72,293
94,809
80,932
Medical Supplies
Food & provisions
Support costs		 18,803
27,868
244,599		 1,045
3,510
30,486		 -
-
30,081		 1,045
-
28,297		 -
-
8,629		 -
-
50,955		 20,893
31,378
393,047
2,345,719 274,115 342,237 208,534 237,419 346,138 3,754,162
Analysis by fund
Unrestricted funds -general
Unrestricted funds -designated
Restricted funds		 2,314,582
17,947
13,190		 274,115
-
”		 342,237
-
-		 ~
-
208,534		 -
“
237,419		 21,837
-
324,301		 2,952,771
17,947
783,444
2,345,719 274,115 342,237 208,534 237,419 346,138 3,754,162

tt

~22-

| |

|

| |

FOYLE HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

| | | |

:

FOR THE YEAR ENDEDENDED 31 MARCHMARCH 2025
jing
9
Expenditureoncharitable activities		 (Continued)
Previousyear:
Direct costs		 In PatientDayTherapy
Unit
2024
£		 Therapy
Unit
2024
£		 Homecare
2024
£		 ICPProjectCFNI Project
2024
2024
£
£		 Southern
Sector
2024
£		 Total
2024
£
Staffcosts
Depreciation and impairment
Locums&OutofHoursCover
Joint PalliativeCare Consultant
Medical Supplies
Food& provisions
Support costs		 1,819,002
63,269
97,797
56,697
24,827
30,506
255,866		 184,367
7,830
-
8,555
-
-
32,969		 375,223
3,644
-
7,250
-
-
21,409		 167,464
-
-
-
-
-
10,517		 183,925
~
-
-
-
-
7,635		 137,832
-
-
-
-
-
10,447		 2,867,813
74,743
97,797
72,502
24,827
30,506
338,843
2,347,964 233,721 407,526 177,981 191,560 148,279 3,507,031
Analysis by fund
Unrestricted funds -general
Unrestricted funds -designated
Restrictedfunds		 2,321,694
233,721
407,526
-
18,124
-
-
~
8,146
-
-
177,981
eee
2,347,964
233,724
407,526
177,981		 -
9,045
-
-
191,560
139,234
ee
191,560
148,279		 2,971,986
18,124
516,921
—___
3,507,031

try

~ 23 -

FOYLE HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |ennOOnunnISr| |40|Net movement|in|funds|2025|2024| |£|£| |The|net|movement|in|funds|is|stated|after|charging/(crediting):| |Fees|payable|for the|audit of the|charity's|financial|statements|15,417|12,500| |Depreciation|of owned tangible|fixed|assets|83,743|87,367|

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

11.‘ Trustees

The trustees neither received nor waived any remuneration during the year (2024: ENil). There are no trustees accruing pension arrangements and the trustees did not have any expenses reimbursed during the year (2024: ENil).

12 Employees

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |The average monthly number|of employees|during the year was:|2025|2024| |Number|Number| |131|130| |Employment|costs|2025|2024| |£|£| |Wages|and|salaries|3,016,618|2,869,003| |Social|security|costs|290,772|267,931| |Other|pension|costs|315,487|269,669| |3,622,877|3,406,603| |The|number|of ernployees whose|annual|remuneration|was|more|than|£60,000| |is|as|follows:| |2025|2024| |Number|Number| |£60,001|to £70,000|2|2| |£90,001|to £100,000|1|1| |Over £100,001|1|4| |Remuneration|of key|management|personnel| |Key|management|personnel|comprise|the|CEO|and|Senior|Management| |Team.|The|remuneration|of|key|management|personnel|is|as|follows.| |2025|2024| |£|£| |Aggregate|compensation|491,998|460,950|

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

A

-24-

FOYLE HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

eee

13. Gains and losses on investments

Unrestricted Unrestricted
funds funds
Gains/(losses) arising on: 2025
£		 2024
£
Revaluation ofinvestments
Sale ofinvestments		 176
199,299		 513,848
66,308
199,475 580,156

14 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

15 Other gains and losses

Unrestricted Unrestricted
funds funds
2025 2024
Gains/(losses) upon: £ £
Foreignexchange (604) (196)

eee -~25-

FOYLE HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

ee

nnn

16 Tangible fixed assets

Tangiblefixedassets
Tangible fixed assets Land &
Buildings at
Culmore Road		 Day CareOffice
Centre
Culmore Road		 Office Fixtures
and fittings		 Shops
Fixtures and
fittings		 Hospice
Furnishings
and equipment		 Motor
Vehicles		 Total
£ £ £ £ £ £ £
Cost
At 1 April2024
Additions		 2,524,193
-		 783,036
-		 64,324
-		 27,724
-		 610,385
4,164		 85,696
-		 4,095,358
4,164
At 31 March 2025 2,524,193 783,036 64,324 27,724 614,549 85,696 4,099,522
Depreciation and impairment
At 1 April2024
Depreciation charged in theyear		 586,832
50,484		 187,931
15,661		 63,366
192		 25,656
413		 545,468
13,816		 72,988
3,177		 1,482,241
83,743
At 31 March 2025 637,316 203,592 63,558 26,069 559,284 76,165 1,565,984
Carrying amount
At 31 March 2025		 1,886,877 579,444 766 1,655 55,265 9,531 2,533,538
At31March2024 1,937,361 595,105 958 2,068 64,917 12,708 2,613,117

er

-~26-

|

FOYLE HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

ee 17 ‘Fixed asset investments

Listed Cash in Total
investments portfolio
Cost or valuation £ £ £
At 1 April2024
Additions
Valuation changes		 6,884,625
2,085,745
176		 7,751
-
-		 6,892,376
2,085,745
176
Movement in cash balances
Disposals		 -
(2,037,404)		 (868)
-		 (868)
(2,037,404)
At31 March 2025 6,933,142 6,883 6,940,025
Carrying amount
At 31 March 2025 6,933,142 6,883 6,940,025
At 31 March 2024 6,884,625 7,751 6,892,376
18 Debtors
2025 2024
Amounts falling duewithin one year: £ £
Otherdebtors 185,066 127,893
Prepayments and accrued income 79,201 94,746
264,267 222,639
19 Creditors: amounts falling due within oneyear
2025 2024
Notes £ £
Othertaxation and social security 206,975 226,594
Deferred income 20 184,340 50,345
Other creditors 1,351 790
Accruals 170,850 328,516
563,516 606,245

ee

-27-

FOYLE HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |a| |20|Deferred|income|2025|2024| |£|£| |Arising|from|Fundraising|income|received|in| |advance|184,340|50,345| |Deferred|income|is|included|in|the|financial|statements|as|follows:| |2025|2024| |£|£| |Deferred|income|is|included|within:| |Current|liabilities|184,340|50,345| |Movements|in|the|year:| |Deferred|income|at|1|April 2024|50,345|37,991| |Released|from|previous|periods|(50,345)|(37,991)| |Resources|deferred|in|the|year|184,340|50,345| |Deferred|income|at|31|March|2025|184,340|50,345| |21|Retirement|benefit|schemes| |2025|2024| |Defined|contribution|schemes|£|£| |Charge|to|profit|or|loss|in|respect|of defined|contribution|schemes|315,487|269,669|

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

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

Ite ~28-

FOYLE HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 see 22 Unrestricted funds - designated

These are unrestricted funds which are material to the charity's activities.

At 1 April Resources At31 March
2024 expended 2025
£ £ £
Capital DevelopmentFund
EmploymentObligations Fund
ReflectiveSpace Upgrade Fund
Designated Property Funds		 466,211
500,000
3,000
162,801		 (11,935)
-
-
(6,012)		 454,276
500,000
3,000
156,789
1,132,012 (17,947) 1,114,065
Previousyear: AtiAprit Resources At31 March
2023 expended 2024
£ £ £
Capital Development Fund
Employment Obligations Fund
Reflective Space Upgrade Fund		 478,146
500,000
3,000		 (11,935)
-
-		 466,211
500,000
3,000
Designated Property Funds 168,990 (6,189) 162,801
1,150,136 (18,124) 1,132,012

Capital Development Fund

Provision has been made for the cost of upgrading the Hospice buildings, some of which are now over 30 years old. This fund was reduced by depreciation of £11,935 in the year ended 31 March 2025.

Employment Obligations

Provision of £500,000 was made in the year ended 31 March 2012 for potential redundancy liabilities and other employment costs. This was deemed to be sufficient provision as at 31 March 2025 and will continue to be reviewed annually.

Reflective Space Upgrade Fund

Legacy received from Bishop Daly which has been set aside by the Trustees for the purposes of upgrading the Chapel at the Hospice. These funds remain unspent as at 31 March 2025.

Designated Property Fund

This fund represents capital expenditure on property refurbishment, grounds development and other assets used by the Hospice. The fund balance is equivalent to the depreciated historic cost of the assets. A sum equivalent to the depreciation charge on the assets will be allocated each year to the fund, in accordance with the depreciation policy until it is fully amortised.

eee

-29-

FOYLE HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

I

  1. ~=Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
At 1 April
2024		 Incoming
resources		 Resources
expended		 Transfers At31 March
2025
£ £ £ £ £
Education Fund 3,876 3,750 (7,626) - -
Healing Hearts Child
Bereavement		 . 5,564 (5,564) . -
Healing Hearts - Shepherd's
Hut
integrative Care Clinic		 34,594
31,802		 30,407
89,565		 -
(120,762)		 -
“		 65,001
605
Compassionate Communities
Project		 108,955 92,443 (87,773) - 113,625
Department ofHealth Cancer
Charities SupportFund
Southern Sector
Additional Bedrooms		 241,543
2,355
4,040		 247,687
242,928
-		 (237,419)
(324,300)
-		 -
79,017
-		 251,811
-
4,040
Dept for Communities -
JobStartscheme		 - 27,340 (27,340) - .
427,165 739,684 (810,784) 79,017 435,082
Previous year: At 1 April
2023		 Incoming
resources		 Resources
expended		 Transfers At31 March
2024
£ £ £ £ £
Education Fund 3,626 250 - - 3,876
Healing Hearts Child
Bereavement		 - 8,146 (8,146) - -
Healing Hearts - Shepherd's
Hut		 - 34,594 - - 34,594
integrative Care Clinic 43,385 86,296 (97,879) - 31,802
Compassionate Communities
Project		 99,343 89,714 (80,102) - 108,955
Department of Heaith Cancer
Charities Support Fund
Southern Sector		 136,203
-		 296,900
141,589		 (191,560)
(139,234)		 -
-		 241,543
2,355
Additional Bedrooms 4,040 - - - 4,040
Deptfor Communities -
JobStartscheme		 - 2,959 (2,959) - -
286,597 660,448 (519,880) - 427,165

i 30 -

FOYLE HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

23 ~=Restricted funds Nature of restricted funds:

(Continued)

Education Fund Foyle Hospice receives donations Specifically for the purposes of staff education. This can be used for training staff across the organisation.

Healing Hearts Child Bereavement Foyle Hospice receives donations which are specifically for the purposes of supporting its children’s bereavement service. This fund may be used to support staff costs and/or projects associated with the delivery of this service.

Healing Hearts Shepherd's Hut

Foyle Hospice received a substantial donation which the donor specifically earmarked towards the cost of purchasing and positioning a garden house. This is with a view to providing additional space to facilitate group work and activities to support patients and their families. Whilst this will greater support the work of our Healing Hearts Children's Bereavement, the space will be used for a range of activities offered at Foyle Hospice.

Integrative Care Clinic Foyle Hospice was awarded statutory funding through the Integrative Care Partnership and subsequently through SPPG, to deliver an Integrative Care Clinic three days per week. This funding is non recurrent and will cease in July 2025.

Compassionate Communities Project

Foyle Hospice has been awarded statutory funding through the Integrative Care Partnership to provide a Compassicnate Communities service across the local area. At present this funding has been confirmed for three years up until March 2028.

Department of Health Cancer Charities Fund

Funding has been provided towards an enhanced seven-day Community Specialist Palliative Care Service, including Specialty Doctors, complementary therapies, adult and child counselling services. This source of funding will cease in October 2025.

In Patient Unit Legacy This fund is part of a legacy donation, whereby the donor identified a specific apportionment should be allocated towards providing services at the In Patient Unit.

Additional Bedrooms This is an accumulation of donations raised by the local community with a view to provision of additional. bed spaces at the Inpatient Unit. This is in alignment to an objective as set out in the organisation's Strategic Plan. Dept for Communities - Job Start Scheme This funding is used to create 6 months meaningful jobs for young people aged 16 - 24 (9 months for young people with disabilities) who are at risk of long-term unemployment. It helps participants to develop skills and experience with a view to employment after placement. This scheme expired in November 2024.

eee -31-

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

FOYLE HOSPICE

a

24 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April
2024
£		 Incoming
resources
£		 Resources
expended
£		 Transfers
£		 Gains and
losses
£		 At31 March
2025
£
General funds 9,116,469 3,910,682 (4,066,731) (79,017) 198,871 9,080,274
Previousyear: At 1 April
2023		 Incoming
resources		 Resources
expended		 Transfers Gains and
losses		 At31 March
2024
£ £ £ £ £ £
General funds 8,886,429 3,661,252 (4,011,172) - 579,960 9,116,469
Analysis of net assets between funds
Unrestricted Unrestricted Restricted Total
funds funds funds
general designated
2025 2025 2025 2025
£ £ £ £
At 31 March 2025:
Tangible assets
Investments
Current assets/(liabilities)		 1,922,473
6,940,025
217,776		 611,065
-
503,000		 -
-
435,082		 2,533,538
6,940,025
1,155,858
9,080,274 1,114,065 435,082 10,629,421
Unrestricted Unrestricted Restricted Total
funds funds funds
general designated
2024 2024 2024 2024
£ £ £ £
At 31 March 2024:
Tangible assets
Investments
Current assets/(liabilities)		 1,984,105
6,892,376
239,988		 629,012
-
503,000		 -
-
427,165		 2,613,117
6,892,376
1,170,153
9,116,469 4,132,012 427,165 10,675,646

25 Analysis of net assets between funds

26 Transfers between funds

During the year there have been transfers between funds of £79,017 from unrestricted funds to restricted funds representing Foyle Hospice's contribution towards the cost of providing services to the Southern Sector.

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FOYLE HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

eee 27 ~=—Events after the reporting date

There have been no significant events affecting the charity since the reporting date.

28 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

There were nowere nono disclosable related party transactionstransactions during the year (2024the year (2024year (2024(2024 - none).none).
29 Cashgenerated from operations 2025 2024
£ £
(Deficit)/surpus fortheyear (45,621) 352,680
Adjustments for:
Investment income recognised in statement offinancial activities
Foreign exchangedifferences
Gain on disposal ofinvestments
Fairvaluegains and losseson investments
Depreciationand impairment oftangiblefixed assets		 (64,665)
(604)
(199,299)
(176)
83,743		 (55,357)
(196)
(66,308)
(513,848)
87,367
Movernents in working capital:
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Increase in deferred income		 (41,628)
(176,724)
133,995		 3,428
282,403
12,354
Cash(absorbed by)/generated from operations (310,979) 102,523
30 ~=Analysis ofchanges in netfunds
Thecharityhadnomaterialdebtduringtheyear.

31 Comparative figures

Where appropriate the classification of comparative figures has been amended for presentational purposes.

32 Auditors’ Ethical Standards

In common with many businesses of our size and nature we use our auditors to assist with the compilation of the statutory financial statements.

eee - 33 -