Southern Area Hosplco S•rvlces Ltd Company Limlted by Guarantee Annual Report & Financlal Statemen18 Year Ended 31 March 2024 Company No: N1038737 Charliy No: NIC101906 HMRC Charity Number: XN4732912
Southern Area Hospice Servlces Ltd Company Limited by Guarantee Table of Contents Year Ended 31 March 2024 Page Company information Fleport ol th8 Trust88S 4-17 Independent Auditor's Report to the members 18-20 Consolidated Slalement of Financial Activities 21 Consolidale(J and Charity Balance Sheets 22.23 Consolidated Cash flow statement 24 Notes to the Financial Slalemenls 25.40
Southern Area Hospice Service8 Lld Company Limited by Guarantee Company Infomiation Truslees Patrick Loughran (Chairman) Donna Houston (Vice Chair) Robin Brown Sheila Chambers Ir8signéd Augusl 2023} Grag Cox Martin Dillon Monica Duffy Michelle Hutchinson Moira Mannion (appointed January 20241 William McAllisler Orla McPolin Kelly Mcveigh Katrina O'Dowd Roger Wilson Co-oplaos lo Commlttee8 Sheila Chambers - Audit and Risk Committee Andrew Slevenson - Capital Development and Inlraslruclur8 Committ88 S6cretary Liz Cuddy Reglst?r•d Offlc• St John's House Courtenay Hill Newry Co. Down BT34 2E8 External Audltor AAB Group Accounlanls Llmiled Chartered Accountants and Slatulory Auditors Dromalane Mill The Quays Newry Co. Down BT34 8QS Internal Audllor Cavanagh K811y 36-38 Northland Row Dungannon BT71 6AP Prlnclpal Banker8 AIB 42-44 Hill Street Newry Co. Down Oanske Bank Limited 58 Hill Streel Newry Co. Down AIB 96 Clanbrassil Street Dundalk Co. Louth
Southem Area Hospice Services Ltd Company Limited by Guarantee Company Informatlon Investment Advisers Brewin Dolphin 11 th Floor East Tower Lanyon Plaza 8 Lanyon Place Belfast, BT1 3LP Solicitor8 Luke Curran & Co 6 Marcus Square Newry Co. Down Lewis Silkin IN.I.I LLP 8th Floor The Linenhall 32-38 Linenhall Slreel Bellasl BT2 8BG Reglstered Charlty No. Regl8tered Company No. NIC1019061XN4732912 N1038737 Senlor Leader8hlp Team.. Liz Cuddy Damien Hillen Alexandra Mahood Aiun Budda Chief Executive Ollicer Diréctor ol D6velopmenl Director ol Corporate S8rvices {resigned in Séptember 20231 Dir8clor ol Corporale Services Ilnleriml lappoinled in September 20231 Director of Care Bridget Smyth
Southern Area Hospice Servlces Ltd Report of the Trustees Year Ended 31 March 2024 The Trustees (who are also Directors of the companyl submit their annual report and the audited consolidated financial statements ol Southern Area Hospice Services Ltd and ils subsidiary for the year ended 31 March 2024. This report constitutes the Strategic Report and Ihe Trustees, Aeport required under the Companies Act 2006. The Trustees have adopted the provisions of the Companies Act 2006, the Charities Act (Northern Ireland} 2008, the Charities Act {Northern Ireland) 2022 and Accounting and Reporting by Charities.. Statèment of Recommended Practice applicablé to charities preparing their financial stat8m&nls in accordance with thé Financial Reporting Standard applicable in the UK and Republic ol Ireland IIFRS 102 eff ective 1 January 20191- (Charities SORP IFAS 10211, in preparing the annual report and financial slalements of the group and charitable company. Raferenco and admlnlstratlve Inlormatlon Soulh8rn Area Hospice S8rvic8s Ltd has been established as a voluntary independent hospice since 1989. It was incorporated in June 2000. Southern Area Hospice SeNi¢es Ltd is registered with the Charity Commission Nl (Charity Number NIC1019061, is a company limited by guarantee and is registered with th8 Companies Registrar {Company number N10387371. It is also recognised as a charity by HM Revenue and Customs, XN 4732912. The Trustees and Secretary of the charity are listed on paga 2. The principal and r8gistered oflice ol the charity Is also listed on page 2 tog8ther wilh details ol the professional advisers and bankers. Slructurni governanc• and manag•m•nt Southern Area Hospice Services Ltd. by virtu8 ol common Trustees and power to govern operallons, controls the activities ol Southern Area Hospice Services Lottery Limiled, which has the objective ol raising lunds lor the Southern Area Hospice Services Ltd. Southern Area Hospice Services Lollery Limited operates a w88kly lollery lo generate funds for the Hospic8. Southern Area Hospice Services Ltd is governed by a 8oard ol Directors (who are also known as Truslees lor the purposes ol the Charity Lawl. 11 is govarned by a Mémorandum and Articles of Association. Board ot Dlroclor8 - •n•urlng good governanc• The Board ol Dir8clors {Trusleesl is as listed on page 2. The Oireclors ar8 responsible lor approving th8 slrat8gies and policies and lor ensuring that these are implemented. The Board ol Directors meets regularly lo cornply with ils slalulory responsibilities. In th8 reporting period, the Board had 5 lull Board meetings and 3 workshops lo consider the capital project - further information on page 12. The Chairperson is accountable to the Board ol Directors and responsible for the elfiei8nt running of Soulhern Area Hospice Services Ltd wilh the help ol the Chief Executiv8 and the Senior Leadership T8am. The Directors (Trusleesl are not remunerated. Thg Board Committee structure is well embedded and operating effectively. 11 is as set out below. The Cllnlc81 Governance Commlttee provides oversight and scrutiny of service provision Iclinical governance, service quality, patient safety, and clinical standards)., service performanc&,' service developm8nt and clinical leadership. Until July 2023 the committee had 5 members- 3 Board members and 2 co-optees. Following th8 resignation of the 2 co-OPle8s (due to retirement from their substantive medical workl, the Committee reduced lo 3 members. In January 2024 the Board agreed Ihe appoinlmenl of Moira Mannion lo join the Board and lo sil on this Committee given her significant and relevant senior nursing experience. The Committee is chaired by Patrick Loughran. It mel 4 times in this reporting period during which the Committee reviewed the functioning ol the previously established Medical Advisory Committee (MAC) as a sub-committ88 ol the Clinical Governanc6 Committee. In order lo ensure the continued d8V81opment of medical servic8S within the Hospice and appropriate governance and assurance, the MAC'S remil was broadened. Ils status was also chang8d lo be a Committee. under the responsibility of Ihe Director ol Care and Lead Consultant which reports to the CEO and the Clinical Governance Committee las a standing agenda item). It continues to have the remit to advise and review the granting of practising privileges for medios providing services in the Hospice. It further provides the Responsible Person (the CEO) and the Registered Manager with prolessional
Southern Area Hospice Services Ltd Report ol the Trustees Year Ended 31 March 2024 medical advice and provides assurance regarding the provision of medical s8rvi¢es. This Committee mel a lolal 014 limes in this raporting period. The Resources Committee provides oversight and scrutiny of Human Resources. Income GeneTalion, Finance, IT, Support Setvices Ilacility management services, adminislralion, health, and safely and GPDRI and Investment Management. The Committee conlinu&s lo have a demanding agenda but has noted that the significant direction ol travel in improving the robustness of reports is very positive, ensuring the resources available are used and accounted lor appropriately. They have also been ensuring thal Iransformalion continijes lo lake place in the areas il ha5 responsibility for. The Committee consists of live members ol th8 Board ol Directors and is chaired by Donna Houston. In this reporting period, the Committee mel 9 limes. The Audit and Rlsk Committee provides oversight and scrutiny of strategic risk management., internal audit; external audit,. and management responses identified by any audit process. All ol this is lo ensure th8 adequacy ol assurance for all corporate governance matters relevant to Southern Area Hospice Services. In addition. the Commill&e can request any other specilic work required to adequacy ol governance, assurance, and probity. The Committee has 3 members, 2 of whom are Board members, and th8 3rd is a co.oplee. Whilst this Committe6 was always advised r8garding Iraud and whistleblowing mallers this has now been add8d as standing agenda il8ms lo reflect good practice. Th8 Committ88 is Chaired by Monica Duffy and in this reporting period il m815 times, The Remuneration and Nomlnation8 Commlttee mel once in the reporting period and is chaired by Orla McPolin. Ils functions from a remuneration perspective are lo sel CEO and Director salaries, pay.scales lor the remainder ol the organisalion and lo ensure ¢ompliance wllh equality legislation. Ils Nomination functions ar8 10 ensurè good board governance is mainlained, lo recommend appointments lo the Board, and lo oversee the appoinlrnenl ol the CEO and Directors. The Capltal Dev•lopment and Inlra8tructure Commltlee is responsible lor ensuring that capital projects deliver the desired outcome, progress lo plan and budgèt and that key risks are identified and managed. The Committee is involved in projects from concgpi lo delivery with a locus on the capital works needed to lulureprool the 8slale requifemenls for the Hospice. 11 has 4 members - 3 Board members and 1 co.OPlee- and is chaired by Rogèr Wilson. 11 met 5 times during this reporting period. Further delai15 on this capital proj8cI ar8 on page 12. 11 should be not8d that ¢o.ople88 to Commillees ol the Board are not Trustees and therefore not Directors. Conlll¢t8 of Intero81 As a matter ol good governance, actual and perceived conflicts ol interest are reviewed on a regular basis. All Board members and senior managers are required lo make an annual iJe¢laralion regarding any conflicts ol interest and a schedule ol responses is maintained. In addition, the declaration ol conllicls ol interest is a standing aganda item lor 8ach meeting ol the Board and its Commillees, with all present being asked to declare il they have any conflicts of interest regarding any agenda items. Th8re were no significant mallers during the reporting period. Appointmènt ol new Tru8te•8 New Trustees are recruited by opgn recruitment by existing Directors lo fulfil specilic roles and skills on the Board. The potential Trustee is then interviewed by the Chairperson, Vice Chairperson and Secretary ol the Board regarding their willingnesg to become a Trustee and their potential contribution lo th8 Hospice is considered. Following this, any potential Trustee is presented lo the Board lor their consideration and approval. There was 1 Trustee appointed during this reporting period.
Southern Area Hospice Services Ltd Report ol Ihe Trustees Year Ended 31 March 2024 Induction and training of Trustees Induction and training lor new Trustees is similar lo thos8 set out lor all employees of the charity. They are given an overview ol thè aims, objectives, and achievements, introduced lo Ihe Chiel Executive and Senior Leadership Team, are provided with a copy ol the Memorandum and Articles ol Association. the Hospicg UK manual on Director responsibilities and delails of the recent linancial pertormance 01 tha charity. All n8W Trustees meet with other existing Trustees, and they are encouraged to attend appropriate external training evenls should they facilitate the und8rtaking of Ih8ir role, Retirement and rotation of Trustee8 The term of office of a Trustee shall be for a maximum ol three terms ol three years each. A retiring Trustee ol the board may be re-elected under these terms. Tha Trustees who retire in accordance with this regulation shall b8 thos8 who have b68n longest in office since their last election but where persons who become Trustees on the same day retire (unlèss they otherwise agreè among Ih&ms8lv8sI, thèy are determined by lot. Al the Annual General Moeling in August 2023 the following Trustees were due to retire by rolalion: Sheila Chambers, Kelly Mcveigh and Katrina O'Dowd. Sheila Chambers, whilst 81igible lor re-eleclion, stood down as a Board Member due to personal r8asons, bul was appointed as a co.oplee to th8 Audit and Risk Commillee. Kelly Meveigh and Katrina O'Dowd were 81igible and agre8d lo sland lor re-@le¢lion and were duly elected. In the reporting period Moira Mannion was elected as a Board Member in January 2024. Sheila Chamb8rs was Ihe only person who rètired Irom the Board. Management The Board is responsibl8 lor governance at a strategic leval and m881s règularly with Ihe Chief Ex8culive who is responsib18 lor day-to-day management of the company supported by the Senior Leadership Team, The Chair ol the Board meets regularly with the Chief Executive outside ol lormal rneeting structurès and processes. The Commilt8es ol the Board also meet regularly with the Chief Executive and Senior Leadership Team lo r&view performance and address any emergent issues. Senlor L•ader8hlp Team The S8nior Leadership Team comprises of the Chief Executive, the Corporate Services Director, the Director ol Carg. and the Director ol Development. Pay and remun8ralion is s81 by appropria18 benchmarking and approved by the r8muneralion commillee. Total cost ol the Senior Leadership Team salaries and wages in Ihls reporting period is as per note 10 lo the financial slalemenls. Oblectlve8 and Acllvitle8 The Hospice supports patients with complex, life-lirniling conditions lo livè well with their condition from the point of diagnosis right through lo end-ol-lilg. SAH provides patient-cenlered, wrap-around support lor patients, physical, emotional, spiritual, and social needs. It also sUPPOrts families and carers with their emotional and social needs. The Hospice's sarvices fall inlo 2 main categories.. inpatient s8rvices and community-based seNi¢es. The services in both areas are holistic in nature, comprehensively supporting the patient and their family. We have exlr8mely professional and expgrt multi-disciplinary teams who ensure that our services. bolh in the inpatient unil and community, ar8 of a high quality, evidenced based and sale. The Hospice has received funding from the Department ol Health's Cancer Charilies Support Fund lo better support patients with a palliative cancer diagnosis. This funding has enabled a further d8velopmenl of its community services lo ensure a more largeted and multi-disciplinary approach that works in a collaborative way with other service providers in Ihe Southern Trust area. This funding continued throughout the reporting period and is due to cease in November 2024. Details of the Hospice's services and th8 activity levels ol each of thes8 seNices ar8 provided in th8 Strategic Report section.
Southern Area Hospice Services Ltd Report of the Truslees Year Ended 31 March 2024 Southern Area Hospice Services Ltd is a member hospice ol Hospice UK and aflilialed with the All-lreland Inslilule of Hospice and Palliative Care. We continue lo develop links with other hospices al both a local and a national level. Publlc Benellt This has been another exceptional year du8 to the continuing cosl.of-living challenges on incom8 generation and on our operating costs. Our focus has been on continuing lo provide services in a sale and eff ective way. This Trustees report demonstrates that the Hospice has had a succ8sslul year in Ihis regard. Southern Area Hospice Services Ltd continues lo meet the definition of a public benefit enlily under FRS 102 and in line with ils charitable objectives as detailed throughout this report. Volunteer8 The charity Is involv8d in the community and is d8pend8nl on voluntary help. Our 250 volunt88rs make a huge conlribulion to the work ol the Hospic8, bringing a diversity ol skills and experience. Our volunteers contribute across many areas ol the charity including reception and adminislralive duties. helping patients al m8allimes, providing re118xology and counselling as well as transporting patients lo and from Hospic8 appointments and working in the Hospice gardens. Volunteers contribute greatly lo various fundraising activities including Ilag days, cheque presentations as well as providing general assistance with the many lundiaising 8vents. The volunteers bring an extra dimension lo the atmosphere ol the Hospice. Their skills and contribution enhance our servic8 and make an impact on th8 lives ol our patients, their families, and our stall. The Hospice could not operate wilhoul the invaluable contribution ot volunlears lo its various departments and evenls and are d8eply appreciativ6 of our voluntéers. In Gratltude The Board wish lo convey Iheir sincere thanks lo our slalf and the many volunteers who have so generously given Ihelr support lo the organisalion. With the continued support of our stall and volunteers, we look lorward lo continuing lo enhance the delivery ol our charitable services within the community. Acknowledgement• The Board wish to sincerely thank all individuals, communities and companies who have supported and donated lo us throughout this year, including many fundraising events and many supporters have yel again overwhelmed us wilh their generosity. The Hospice is extremely grateful lor this support and financial assistance ~ il could not provide ils servic8s lo the ¢ommunily wilhoul this.
Southern Area Hospice Services Ltd Report of the Trustees Year Ended 31 March 2024 Strateglc Report A¢hlevement8 and Performance Overall The Trustees are pleased lo report that significant progress was made towards achieving Ihe Hospice's objectives Idelailed on page 6 & 7 above). The Hospice covers the Southern Health and Social Care Trust geographical area, which includes the towns ol Newry, Armagh, Dungannon, Banbridg8, Lurgan, Portadown and Craigavon. Care S8rvl¢•8 The Hospic8 provides both inpalienl and community support. The Inpalienl Clinical Team consists ol consultant's, doctors, nurses, auxiliaries, physiolherapisls, and an occupalional therapist. The Hospice Communily Outr8ach Team oller patients and their families care in Iheir home or al our Hospice Hubs in N8wry and Dungannon. These services involve patient support, carers support, counselling, bereavement support and an Out ol Hours Nursing Care al Home lor those at end ol life. The Communily Services Team consist ol nursas. social workers, chaplains, physiotherapists. and complementary Iherapisls. The Palianl and Family Support Team consists ol chaplains, social woikers, counsellors and complementary Iherapists this team works in both the Inpatient Unil and Community Services. Inpatlenl Servlce8 Our 14-bed adult In.pa118nl Unil continues lo provlde holistSc care for patients with compl8x symptoms, al end ol lifé and for respil&. A highly trained specialist multi.disciplinary team support both the patient and Iheir lamily. The locus is on the whole person, helping them not only with physical care bul also on 8motional. social, and spiritual wellbeing. Admissions increased this year from last year with 234 new admissions lo the inpallenl unit and a total 01245 patients cared lor12023: 2231. Total bed occupancy lor the year was 87,3°/o. The average length ol slay was 15.1 days. We had 167 pali8nls admitted lor the lirsl lime with 67 patient requiring repeal admissions. 148 patients were discharged back home with improved symptom managemant or lo their preferred plac8 of care. Th8 lolal amount ol inpalienl unil Iherapi8s sessions for the year was 5,781. A session is defined as the clinical or Ih8rap&ulic delivery ol care to patient, carers or bereaved. A session can be delivered individually or in a group setting and can be up lo 2 hours in duration depending on the type ol care given. Patients and their families received a total 015,006 face lo face therapeutic support sessions and 775 telèphone support sessions from our social workers, chaplains, physiotherapist, and complementary Iherapisl. The total number ol sessions delivered by our patients and family support téams ar8 shown below. Sesslon typé S088ion number8 202314 2,209 2,655 492" 196." 229 Se¥•ion number8 202213 Social work Cha lainc Ph siolhera Occu alional Thera Com lementa Thera Total 1,461 Service not available 248 Note.. Staff vacancy Irom April- December 2023 new service introduced in January 2024
Southern Area Hospice Services Ltd Report of the Trustees Year Ended 31 March 2024 Communily Services Our Community Services model of support is an inlegraled multidisciplinary community-based specialist palliative support service lor adults over the age 0118 and their families. The service provides physical. psychological, emotional, and spiritual support to patients with a palliative illness and their lamilies. The servic@ is provided in the person's hom8 or in one ol the SAHS hubs in Dungannon or Newry. Services can be delivered individtsally or as a part of group and are designed in conjunction with patient and family need. The Hospice has been able to significantly develop and expand ils community servic8S thanks lo the funding it received from the Cancer Charity Support Fund. We have had 469 new relorrals lo our Community Services over the last year and had 614 people open lo our service. We delivered 6,854 Iherapeulic sessions to pali8nls, carers, and bereaved families. 520 01 these patients or family members were impacted by cancer and 94 were impacted by non-cancer rela18d palliativa conditions. 303 Patients 144 Carerl Flelalive 167 Bereaved 1,113 Sessions were delivered al home 3,081 Sessions were delivered in one ol the hospice hubs or a Community setting. 2,660 Telephone or virtual sessions 1.118 Patient 1-2.1 Support sessions 448 Carers 1-2-1 support sessions 656 Bereavèment 1-2-1 support sessions 938 counseling se5sion8 were delivered 1.667 Complementary therapy sessions were deliver8d 1,045 s888ions ol group work. This year group work $8rvices includ@d'. 6 weeks Living Well with a palliative illness in our 2 hubs 3-week Carers 8UPPOrt group in our 2 hubs Monthly Family Night Bereavement groups for parents. leens, and younger childr8n Bereavemenl Journey Bereavement Walking Group Bereav8menl Walk in Calé. We saw a signilicanl increase in allendan¢e al these groups in the r8POrting period and feedback from allendees has been very positive. OOH Nursin Care This year in our Community Services we developed a n8w service model, namely the Out ol Hours Nursing Service.11 commenced in July 2023 and is an on-call nursing s&Nic8 lo patients at hom8 who have a cancer diagnosis and are al the end ol their lile. The service is available 36S nights per year and is available between the hours ol 10.00pm - 8.00am. This new service lor Ihe Hospice was piloted in postcode area ol BT35 and Newry City area. The service provides eff ective and timely symptom management in the last day5 of lit8.11 also equips and supports families to recognise and manage the dying process of their loved one. The seTviGe reduces loneliness and social isolation for patient and lamily provides emotional and spiritual support during what is a very diNicull lime. The service to date has supported 33 people to die at home in their prelerred place of death. The Hospice has significantly Iranslormed and developed ils community services during the reporting period, successfully moving away from the traditional day therapy support model to an integrated. multi-disciplinary, community-based specialist palliative support seNice lor adults and their families. The Hospice
Southern Area Hospice Services Ltd Report of the Trustees Year Ended 31 March 2024 acknowledges that this development was possible due to the funding we are receiving from the Department of Health's Cancer Charities Support Fund, managed by the Community Foundation. Additlonal ¢ollaborative and partnership work by the Care Saniice team In Ihe Hospice Include: Training pla¢8menls are provid8d lor m8dical, nursing, social work, and physiolh8rapy students at both under and post gradual8 level. A Specialist Palliative Medicine out ol hours telephone advice sèrvice is provided lo th8 Soulh8rn Health & Social Care Tiust medical stall community and hospitals in partnership with our Trust Consultant colleagues. Th8 Patient and Family support team manager is th6 Chair of the Northern Ireland Association ol Pallialiva Car8 Social Workers. The Inpalienl Manager IANP Trainee) is the Chair ot the Senior Nursing Group. Other achl•vement8 in Care Servlce8 Significant investments Were made during ihe r8POrting period lo enhance th8 Car8 Services team and lo make sure that we continue lo develop lh8 &xpertise ol Ihe who18 18am. This includ8d tho following.. Clinical Fellow IDoctorl in post Irom Oclob8r 23. Occupational Therapist in post Irom January 24 and further resource was added lo the physiotherapy team 10 8nhance Ihe allied h8allh praclilioners, team. Up-skilling ol Band 2 Health Care Assistants to a higher band I grade. Specialist Palliative Care Social Work Award commenced by 1 social worker, Msc Advanced Nurse Praclilioner Course comm8nced by 1 senior nurse. Advanced Communication training compl8led by 12 stall. Princess Alice course Ispocialisl palliative Gare qualilicalionl completed by 6 slafl. Shapes ol Grief completed by 7 stall. The Hospice has been working for several years wilh the SHSCT and Department of Health lo secure pharmacy in.house services within the Hospice. We made significant progress on this during the reporting period with a pharmacist being in post on an interim basis Irom April 2024. Inf•ellon management Whilst th8 Covid-19 pand8mic has abated signilicanlly, the Hospice conlinued to face soma Outbreaks in the last 12 months. We had implemented Government safely measures in a timely manner and continued lo adapt our ways ol working lo keep services operating in a sale way for our pa118nts, their loved ones, and our staff. Infection prevention and control manag8menl lo ensure we provided a sale environment within the constraints posed by our building reslriclions has been and remains a priority. Staff are very cornpelenl in this way of working and have ¢onlidenlly managed any emergent situations throughout the reporting p8riod. Our Team The staff within all functions ol the Hospic8 have continued to show r8siliency and commitment throughout the reporting period. The Board of Directors would lik8 to thank all staff lor Ih8ir ongoing dedication and commilmenl to the Hospice. Slaff Objectiv88 and Performance Employees are set objectives which outline their responsibilities, and which are reviewed regularly lo ensure compliance. There is an increased locus on developing staff lo slrengthen their performance and allow them lo attain their maximum po18ntial which in turn benefits the Hospice and our patients. Training is refreshed as required to ensure adherence to all requirements. During the reporting period, we have lurther develop8d the training provision for our Care S8rvices team to enhance thè skills base, knowledge, and learning. 10
Soulhern Area Hospice Services Ltd Report of the Trustees Year Ended 31 March 2024 Inspection All care services are the subj8cI of unannounc8d, annual inspections by the Regulation and Quality Improvement Aulhorily IRQIAI. The lalesl inspection look place in February 2024. We are pleased to r8POrt that the writtan feedback from this inspection was positive, particularly in relation to the quality of care provided and infection control standards. Inspectors were extremely complimentary about the knowlodge, molivalion. and commitment of all slalf Ih8y spoke with. W8 wer8 advised Ihal the standard ol care we provide is gxcellanl and ol a very high standard. Income Generatlon Yet again, the financial support we received from the Hospice community and corporate supporters in the reporting year was amazing. D8SPlte the num8rous challenges laced in a lurbulenl economic environment. marked by rising costs and global issues, the support and generosity of our loyal donor and supporters enab18d us to generate an incrèdible £3.58 million, increasing Irom £3.2m raised last year. This extraordinary accomplishment was made possible through the success of various campaigns and initialiv8s, as individuals enlhusiaslically participated in fundraislng. Several noteworthy campaigns deserve r8cognilion, including the Big Bucket campaign in which 200 volunteers took part raised £28,000 this year. Furthermore, we extend our heartfelt gratitude to octogenarian John Dalzell OBE, who completed his 32nd Annual Christmas Sil Out and made an incredible donation ol £125,000. We were delighted lo be ablg to hold our annual Lights Campaign, in the Hospi¢e'5 premises once again, in the run up lo Christmas. This event genera18d £97,000 whilst providing a source ol hope and joy during what can be a challenging lim8 lor those who at18nd. The Car Draw was promoted across various roadshows and raised £107,000 this year - a truly fantastic accomp15shment by all involved. We are hugely gra18ful for the 29 legacy donations received this year, totalling £713,000, these donations show the extraordinary generosity ol our supporters, whose thoughtful inclusion of th8 Hospice in their Wills ensures a $uslain8d and meaningful impact lor years lo come, Whilst operating in very challenging economic conditions our Corporate and Trust partners played a pivotal rol8 this year by raising an amazing £319,000, ex8mplifying their commitment lo our cause which is an incr8ase of 8¢10 on last year. Th8 table below illustral8S the rnain areas of tundraising income durlng the y8ar. Income Sourc• Amount ra188d £OOO' Communil Fundraisin Events acies Cor orate Trusts Individuallre Gilt aid Lotte 1,180 908 713 248 71 184 111 166 ular donalions We are delighted to report that the number of donors enrolled in Gilt Aid increased again in the r8POrting period. Gilt Aid remains an important revenue stream, and we encourage all eligible donors lo sign up lor Gift Aid, helping us lo maximise the impact ol their contribulions. During the year the Income Generation Team's new business development Ljnil became fully resourced with 2 new posts. These look some lime to recruit but we are delighted Ihe unil is now gearing up to help grow incom8 lor the Hospice.
Southern Area Hospice Services Ltd Report of the Trustees Year Ended 31 March 2024 To achieve such exceptional results amidst an extremely challenging and cornpetilive environment is a testament to the unwavering commitment of our staff, volunteers, community, and corporale supporters. The Hospice extends ils deepest gratitude to every individual and corporate who has stood by our side. demonstrating their incredible support. We are proloundly indebled to every person who has playéd a role in our continued success. Comrnunlcalions Lik8 many organisations in the charitable seclor the Hospice needs to become more digitally focused and lo enhance our social media presence. Following a previous audit of internal and 8xt8rnal communications, we successfully appointed a n6w Head ol Communications & Marketing who look up post in October 2023. This added resource and ènhanced the skills within the team. W8 also have increased the budget lo deliv8r improved communication support in the current year. Thé new appointe8 has mad8 a positive start in upgrading our Communications and social media presence and has compl618d preparatory work on projects to develop a n8w website and lo improve brand image. We believe this activity and investment will raise the profile of the Hospice which will in turn increase support and income g8neralion. Improvlng Ihe Infrastructure ol the H08plce The Capital Development Commillee have developed a roadmap lo deliver on th8 strategic imperative of the Hospice las sel out in its strategy 2023 - 2028110 improve the accommodation of the inpatient unil lo meet lulure needs and expeclalions. During the reporting period relevant experts were contracted via appropria18 procurement processes to provide business case development support.. project managemant support., design leam 8xpertis6,' and property and planning advice. The outlinè business cas8 is progressing and by the end ol reporting perlod the Board were evaluating a short list ol options. This is a vgry signilicanl work programme lor this Commillee and the Board. Great care is b6ing taken lo exercis8 robust analysis and consideration ol best practice and emerg8nl evidence. Workshops have taken place with stall ol the Hospice lo help understand th8 Hospice's lulure spac8 r&quiremenls. Key partners ISHSCT and Departmenl ol Heallhl ar8 being kept informed and being consulted as appropriala. In parallel, work is und8Nay to understand what the Hospice can allord and how it can generate support lor what is potentially a signilicanl capital cost. This work was alloca18d a budget which was approved by th8 Board. Work in the reporting year was delivered well within Ihis budget. Gr8al progress has been made this year but there is still much lo consider before final decisions can be made by the Board. Slrat•glc Plan 2023- 2028 Year 1 During the reporting year, the Senior Leadership Team managed the implementation of actions planned for year one in the strategic plan agreed last y8ar. The Strategic P5an covers a 5-year period from 2023 - 2028. The Hospice does not undereslimale the challenge il faces in delivering this strategy, but il is fully committed to ensuring Ihal specialist palliatlV8 care seNices are delivered to meet th8 growing need of the local communities. In summary, the strategy has b88n d8signed to respond to the following key slralegic drivers: The increasing d8mand for pallialive care services, in 18rms ol Ihe number of patients requiring palliative care and the exlent of palliative care required. The growing complexity ol cases and conditions being cared for requiring more specialist input. The need for a service delivery model that is palient-cenlred with the Ilexibilily lo adjust how and where the care is delivered, according lo individual patient's 8volving needs and prel&ren¢es. The need lo build capacity and capability so that SAHS can provide the same levél ol specialist care equally across all care settings and equally across the geographic region. The pressures on availability of trained palliative care staff, and the n88d to build resilience within staffing slruclures while the labour pool is being d8veloped. The pressures on funding, as a result of inflation and rising operating costs, as w811 as squeezes on funding sources. 12
Southern Area Hospice Services Ltd Report of the Trustees Y8ar Ended 31 March 2024 The Hospice's strategic aims wilhin the strategy are: To develop its delivery model into a wrap-around holistic service that can respond lo patient choice and seamlessly provid8 multi-disciplinary care in an inpalienl unit, in the home or through community hubs, as requir8d. To protacl the unique strengths that il has in its specialist palliative care skills and inpatient laciliti&s, To firmly establish its role as a leading provider of specialist palliative care services in Northern Ir81and. A summary ol the objecliv6s which have been achi8ved in Year 1 (2023-241 include: Recruilrnent of additional specialist stall in Care S8rvic8S. Upskilling of some health care assistants. Improvement ol admission and discharge processes lo achieve maximum occupancy rates within Inpati8nt Unil. Continuation ol the roll out of the new Community S8rvic8s model which included the piloting of an Out ol Hours Nursing SeNice. Conlinualion ol work on the Hospice's inlraslruclure lo ensure suslainabilily ol the Inpatient Unit. Improvement of volunteer engagem8nl slralegies, Further resourced the communications team to improve internal and external communications. Business Development unil established in Income Generation. Incomg growth by 1501. by the Income G8neralion Team. Our income growth was largoly allribulabl8 lo a growth in legacy income throughout the year. Donor d8V81opmenl and legacy programmes developed but need further resourced. FSnanclal revlew The financial slalemenls are presented in the standard formal required by Accounting and Reporting by Charities: Stalement ol Recommended Practice applicable lo charities preparing their financial slalements in accordance with th8 Financial Reporting Standard applicable In thè UK and Republic of Ireland IFRS 1021, ellecliv8 1 January 2019 - (Charities SORP IFRS 1021} and cover th8 aclivities ol Southern Area Hospic8 S&rvices Ltd and ils subsidiary Southern Area Hospice Services Lollery Limited. The slalemenl ol Iinancial activities ISOFAI shows the gross income from all the sources and th8 split of activity b8lwe8n restricted and unre51ricled funds. Re8uIt8 The net operational surplus for the financial year was £568,000, this was considerably above our expected y8ar and position. However, as a result ol a property re-valuation conducted by our retained consultants CBRE Ltd, the adjusted surplus position was £220.000. This still exceedad our budget expactalions and should be noled that il was an exceptional accounting adjuslment beyond our control, outsid8 income and 8xpendilure which we manage. Our income was £520,000 over budget, the main drivers were fundraising income1£291,000 above) helped by additional legacy income and increased yield from our managed inveslmenls1£223,000 above budget). Expenditure continued to be well managed including providing lor the lull Agenda lor Change pay award and making an interim pay award to help slafl during a period ol high inllation until the pay award was confirmed. We were also able to negotiate more lavourable en8rgy cosl larilfs. Re8erve8 Policy SAHS, policy is lo continue to blsild reserves in order lo maintain adequate cover for committed expenditure and the running cosls for a period equivalent lo six months, operating costs and other obligations arising from the implemenlalion of the strategic plan. 11 is considered that six months is prudent in order to ensure continuity of s8rvic6 during any period ol reduced income. A Capital Reserve lo set aside funds to carry out identified capital projects was established by the Truslees in 2015. The Capital Development and Infrastruclure Committee las referenced above) is responsible for progressing capital projects, the execution of agreed plans will reqLtire a spend in the current year and this work is underway. 13
Southern Area Hospice seices Ltd Report of the Trustees Year Ended 31 March 2024 The Trustees have succeeded in maintaining reserves this year lo meet committed expenditur8 and th8 running cosls of the charity lor a period equivalent to 6 months annual expenditure. The Trustees b8lieve that the period of 6 months is necessary in ordér that there is continuity ol seNice and will continue lo work in accordance with this policy. Legacies The Hospice's income from legacies increased considerably from the previous year to £713,000. Due lo ils nature, legacy income is dillicull lo predict. Work continues to be done to improve the Hospice's capability to maximise Ihis income stream. Balance Sheet Tha cash position ol the group and the charity a$ 0131 March 2024 remained strong with £7.017,480 and £2,860,180 respectively held within investments and in the bank.12023'. £6.183,799 and £2,738.994 respe¢livelyl. The Trustees are satisfied with the returns during the year given the economic environm8nt. In a¢cordance with the Investment Policy a proportion ol available investment funds have been placed with a Discretionary Fund Manager lo avail ol pot8nlially improved returns than Ihal currently available from cash d8posils. The Resources Committee continue to review Ihe curr8nt inv8Stm8nt strategy and policy. Taxallon As a charity. the company can recover most tax deducted al source from its investment income and is not liable for corporation tax on ils other income or on capital gains. Flecovery is therefore made of lax credits and lax deducted from income received under deed of covenant or gift aid. Futur• Plan8 1. Straleglc Plan 2023 - 2028 Al the lime ol reporting Year 2 2024125 objectives ar8 agreed by tha Board. This year the approach has been lo catalogue Ihese in a th8malic way that reads directly across lo the wider overarching 5-year strategy. Inveslmanl in People and Training.. Strengthen the medical model in the Hospice lo build resiliency and capacity to d81iver specialist palliative care lo meet th8 need. Slrengih8n medical assurance and governance by becoming a designated body with Medical Director in SHSCT being the Responsible Officer. Enhance ta18nl management across all t8ams in the Hospice lo ensure appropriate succession planning, employee recognition and improved development o18merging leaders. Innovation and Collaboration Expand communiiy services delivery lo include a hospice at home model of care. Continue lo develop closer and seamless collaborations with the SHSCT to meel Ihe needs ol our patients. Enhance employee recognition. Technology Begin the introduction of electronic patient manag8m8nt and prescribing systems. Oplimise donor development system to improve information in income generation. Begin to rasearch Al technologies lo improv8 capability in fundraising. Inpatient Unit Continue to progress the capital infrastructure project to address the deficiencies and reslriclions in the Inpalient Unit to meet currenl and futur8 needs and provide an eflicienl work 8nvironment in terms ol layout and running costs. 14
Southern Area Hospice Services Lld Report of the Trustees Year Ended 31 March 2024 Funding Review investment strategy to maintain high yields in a more challenging rnarkeiplace. Continue lo grow revenue incorne. Launch a new approach lo regLtlar giving. Initiate a capital funding programme to deliver the preferred affordable Option which will emerg& from the developing business case. Communications Deliver a communications plan lo improve 8Xternal and internal ¢ommunicalions. Deliver a rèbrand ol the Hospice. Deliver a new and much improved website. 2. Fundlng and Income Generation Lik8 other health and social care organisalions tho Hospice continues lo face increaslng costs from pay parlly as well as in olhar areas, many driven by the cosl-ol-living crisis and inllalionary pressures. Considerable analysis has gone into the eslablishmenl ol the budget lor the year ahead and our lulure anticipated costs. We continue to be challenged on an annual basis to produce a positive operating budget, particularly so in the current year due lo Ihe new costs associated with the dolivery ol our strategic aims. We believe that this investment howevèr will result in a more resilient service and drive increased income in future years. Despite planned increased investmént in people & technology and the continuing need lo malnlain our ageing lacility, a budget with a small surplus has been agreed this year. The Hospice's reliance on receiving substantial income Irom the public remains unchanged. In the reporting y8ar, we generated £3.58 million from our communities which is around 65 % ol our lolal income (excluding monies received lor a designal8d purpose, such as the Cancer Charity Support Fund ICCSFI moniesl. The amount we will n8@d lo generate in the current and lulure years is expecled lo increase, particularly as the current grant from CCSF will and this year. The Hospice's compr8hansiv8 Strat8gic plan includ8s a locus on reduclng reliance on conventional incom8 sources by diversifying revenu8 Stream6. This involves the development ol corporate support. seeking to grow donations Irom charitable trusts, increasing future legacy donations and growing regular donations and continuing to maximis8 returns from inveslmenls. Once again, we extend our heartfelt gratitude to everyone who supports us~ we simply cannot accomplish what w8 do wilhoul your invaluable support. Prlnclpal r18k8 and uncertalntie8 Rl8k managemonl The Twstees and Senior Leadership Team id8nlify and actlV8ly manage the major risks to which the charity is exposed. This involves: An ongoing review of the risks which the charity may face. The assessment ol the level of èxposure presenled by each identified risk. The 8slablishm8nl ol systems and procedures lo mitigate those risks. The implementation ol procedures designed to minimize th8 impact on the charity should any ol Ihe risks malerialis8. Major risks which have been identified and discussed by Ihe Trust88s include loss of reputalion, perhaps due to adverse publicity, leading to a fall in public confidence in the charity and a ¢onsequ8nl reduction in voluntary income-, a short-term lalS in the value ol our investment portfolio- and maintaining the highest securty of our information and systems lo prevent loss of data or funds. 15
Southern Area Hospice Servi¢e$ Ltd Report of the Trustees Year Ended 31 March 2024 Further risks which have been heightened by the current economic climate include: a fall in income, either voluntary through donations and fundraising because the public has less capacity to give, through insulficienl lunding support from the Government or through declining donations from our subsidiary company.. significanlly increasing costs, mainly related lo wages and energy., and the ability to recruit suff iciently skilled and qualified slafl lo deliv8r care to the patients of the calchm8nt area. As reflected earlier in this report, actions being taken lo mitigate risk include.. developing alternative and innovative ways lo generate income,. having a locus on closely managing costs., a review ol slafling structures lo build future resilience., third-party review of our IT seNice provision, security and resilience, working in coniunclion with our third party providers who provide professional advice in this regard., the ongoing revi8w of processes and procedures lo create eflici8nci8s', and th8 introduction ol improved systems to increase 8lfici8nci8S. The TrLJSt8es tak8 all appropriate steps to moderate and manage th8 OP8ralional risks to which volunteers, stall, and assets ol Southern Area Hospice Services Lld are exposed. The Audit & Risk Committee oversee the risk register which Is regularly reviewed lo ensure it rellecls any potential risks related lo the strategic plan. Throughout the reporting period specilic locus on risks relating lo continuing lo deliver safe services in a pandemic and the uncertainly around income have b88n closely monitored. Having considered all the identified risks, th8 Trusl88s do not consider Ihere lo be a risk to the going concern slalus ol the organisation. As is evidenced above. we ¢onlinue to prudently adapt our ways ol working and processes a5 required lo best position the Hospice lor the lulure. Th8 Senior Leadership Team, in conjunction with the Board, are constantly monitoring this. The Resources Committee considers the linancial posilion regularly. Stalem•nt ol Tru8te88' Re•pon8lbllltle8 The Trustees (who are also Directors ol Southern Area Hospice Services Ltd lor the purposes ol company lawl are responsible lor preparing th9 Annual report and the financial slal8menls in accordance with applicable law and regulation. Company law requires the Trustees to prepare financial slaleménts lor each financial year. Under that law the Trusleos have prepared the financial slal&menls in accordanc8 with United Kingdom Accounting Standards, comprising FRS 102 "The Financial Reporting Standard applicable in the UK and Aepublic ol Ireland" and applicable law {Uniled Kingdom Generally Accepted Accounting PracliGel. Under company law the Trustees must not approve the financial slalements unle5S they are satisfied that th8y give a true and lair view ol the slate ol the affairs ol the charitable company and th8 group and ol Ihe incoming r8sourc8s and application ol resources, including the income and expenditure, of the charitable group for that period. In preparing these financial slat8ments, the Trusle8s ar8 required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles in the Slatemenl ol Recommended PractlC8, Ac¢ounting and Reporting.. Accounting and Reporting by Charities120151', make judgements and accounting eslimales Ihal are reasonable and prudent., slate whether applicable UK Accounting Standards, comprising FRS 102, have been followed, subjacl lo any material departures disclosed and explained in the financial slatemenls., prepare the financial statements on the going concern basis unless il is inappropriale lo presume that the charitable company will continue in operation. The Truslees are responsible for keeping adequate accounting records that are suff icienl lo show and explain the charitable company's Iransactions and disclose with reasonable accuracy al any time the financial position of the charitable company and the group and enable them lo ensure Ihal the financial stalemenls comply with the Companies Acl 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection ol fraud and other irregularities. 16
Soulhern Area Hospice Services Ltd Report of the Trustees Year Ended 31 March 2024 Subsidiary undertakings The charity look over control of the Southern Area Hospice Services Lottery Limited at the slart of 2015. Southern Area Hospice Services Shop Limited ceased trading during the 2023 financial year. These flnancial statements include Southern Area Hospice Services Lottery Limited. Exemption8 from di8c108ure The company has taken exemption from the requirement lo produce a separate statement ol financial activities lor the charity under section 408 and a charity cash flow slatem8nl as the results ara included in the consolidated stalemenls, Funds held a8 CU8todlan truslee8 on behalf ol others The charily holds no funds as custodian trustees on behall ol others. Statement of di8c108ure of Inlormatlon lo audltor8 In the cas8 01 each TrusleelDir8clor in ollice al the dale Ihe Direclors, report is approved.. so lar as the dlréclor is aware, there is no r818vanl audit inlormalion ol which the group and charitab18 company's auditors are unaware., and thèy have taken all the steps that they ought to hav8 taken as a director in order to make Ihems81ves aware ol any relevant audit inlormalion and to establish that the group and charitable Company's auditors ale aware ol that information. Independent audltor8 The Contracts held by AAB Group Accounlanls Limited as the extèrnal auditors and Cavanagh Kelly as the internal auditors 8nd wllh 8ffect from the Annual General Meeting relating to this reporting period. The Board will Carry oul a tendering process lo select and appoint auditors lo a new contract during 2024. Approval ol the Truste8s' Report, which constitute the Slrategic Fl8port and the Directors, Report. By order of the Board. P Lough TrusteelDirector Date: 10" September 2024
Southern Area Hospice Serlices Ltd Company Limited by Guaranlee Independent Auditor's Report lo the Members Year Ended 31 March 2024 Oplnion We have audited the group and parent charitable company financial statements ol Southern Area Hospic8 Services Lld for the year 31 March 2024 which comprises the consolidated Statement of Financial Aclivilies, the consolidated and charity Balance Sheets, the consolidated cash flow statement and the notes lo the accounts including a summary ol 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 ot Ireland (United Kingdom G8n8rally Accepted Accounting PractiC8). In our opinion the Southern Area Hospice Lld's group linancial statements and parent charitable Company financial slatemenls.. give a true and lair view of the slate of the group and parent charitable company's atlairs as at year ended 31 March 2024 and of the group and parenl charitable company's incoming resources and applicalion ol resources, including ils income and expenditure, for the year then ended., have bèen properly prepared in accordance with United Kingdom Genarally Accepted Accounting Practice., and have bean prepared in accordance with the requirements of the Companies Act 2006. Ba818 lor oplnlon We conducted 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 lor the audit ol tha accounts s8clion ol our report. We are indopèndenl ol the charity in accordance with the ethical requiremonts that are relevant lo our audit of the accounts in th8 UK, including the FI4C's Ethical Standard, and we have lullilled our other 8thical responsibilities in ac¢ordan¢e wilh these requirements. We believe that th8 audll 8vldenc8 we have obtained is sulllcient and appropriate lo provide a basis lor our opinlon, Concluslon8 relatlng io going concern In auditing the linancial stalemenls, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial slalemenls is appropriate. Based on the work we hava performed, we have not identified any material uncertainties relating to evenls or condilions that, individually or collectively, may cast significant doubl on the group and charity's ability lo continue as a going concern lor a period ol at least twelve months from when the linancial slatem8nts are authorised lor issue, Our responsibilities and the responsibilities of lh8 Trustees with respect lo going concern are described in the relevant sections ol this report. Other Informallon The other information comprises the information included in the annual report, olhar than the accounts and our auditor's report. The Trustees are responsible lor the other information. Our opinion on the accounts does not cover th8 other information and, except lo the extent olh8rwise èxplicitly stated in our report, we do not express any lorm ol assurance Conclusion thereon. In connection with our audit of the accounts, our responsibilily is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears lo be ma18rially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the accounts or a material misslatemenl ol the other information. 11, based on Ihe work we have P8rformed, we conclude that there is a material misstatement of this other information, we are required lo report that fact. We have nothing to report in this regard.
Southern Area Hospice Services Ltd Company Limiled by Guarantee Independent Auditor's Report lo the Members Year Ended 31 March 2024 Opinions on other matters prescrtbed by Ihe Companies Act 2006 In our opinion, based on the work undertaken in the course ol our audil.. the inforrnation given in the Trustees Report for the financial year for which the accounts are prepared is consistent with the accounts., and th8 Trusl8es' Report has been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exceptlon In the light of the knowledge and understanding ol the Trustees and ils environment obtained in the course of th8 audit, we have not identified material misstatemènts in the Trustees Report. We have nothing to report in respect ol the tollowing matters in relation to which the Companies Act 2006 requires us to report to you il, in our opinion.. adequate accounting records have not b88n kept, or r81urns adequate lor our audit have not been received from branches not visited by us., or the accounts are not in agreement with th8 accounting records and returns., or certain disclosures ol trusle&s' r8munéralion specified by law are not made.. or we have not receiv8d all th8 information and explanations we require lor our audit. Responsibilill08 ol Tru8tee8 As explain8d moré lully in the Stalem8nl ol Trustees Responsibilities, the Truste8s are responsible lor the preparation ol th8 accounts and lor being satisfied that Ih8y give a true and lair vi8w, and tor such in18rnal control as the directors détermine is nocessary lo 6nable the preparation ot accounts that are Ire8 from material misslalemenl, whether due to fraud or error. In preparing the accounts, the Trustees are responsible for assessing the charity's ability lo continue as a going concern, disclosing, as appli¢ab18, mallers r8lalod lo going concern and using the going concern basis ol accounting un18ss th8 Truslees either in16nd lo liquidate the ¢ompany or to C8ase operations, or hav& no realistic allernalive bul lo do so. AudStor'8 re8pon8lbllltlè8 lor Ihe audlt of the flnanclal •latem•nt8 Our obje¢tives are lo obtain r8asonable assurance about whether the accounts as a whole are free from material misslalemenl. whether due lo fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level ol assurance, but is not a guarant@e that an audit conducted in accordance with ISAS (UK) will always d81ecl a material misslalement when il exists. Misstat8rn8nls can arise from fraud or error and are considered material il, individually or In the aggregate, they could reasonably be axpecled to influence Ihe 8conomic decisions ol users taken on the basis ol these accounts. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procèdures in line with our responsibilities, oullined above, lo detect material misslalemenls in respect of rregularilies, including fraud. The extent lo which our procedures are capable of detecting irregularities, including fraud, is detailed below, We obtained an und8rslanding of the legal and regulatory framework applicabl8 to the company through enquiry of managernenl. sector research and the application ol cumulativ8 audit knowledge. We identified the following principal laws and regulations relevant lo th8 company- Companies Acl 2006, Charities Act (Northern Ireland) 2008 and Ihe Accounting and Reporting by Charities.. Slalemenl ol Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leff eclive 1 January 20191. 19
Southern Area Hospice Services Lld Company Limited by Guarantee Independent Auditor's Report to the Members Year Endecl 31 March 2024 We developed an understanding ol the key fraud risks to the entity lin¢luding how fraud might occurl. the controls in place to help mitigate those risks, and the accounts, balances and disclosures within the financial statements which may be suscepiibl8 to management bias. Our understanding was obtained through review of the financial statements lor significant accounting estimates, analysis of journal @ntries, walkthrough ol th8 key controls Gycles in place and enquiry ol management. Our procedures to respond lo those risks identified included, bul were not limited to: Enquiry of management, and the entity's solicitors around actual and potential litigation and claims. Enquiry of management lo identify any instances ol non-compliance with laws and regulations. Reviewing minutes of meelings of those Charged with governance. Rèviewing financial statement disclosures and 18Sting lo supporting documentation lo assess compliance with applicable laws and regulations. Auditing the risk ol management override ol controls, including through lesling journal entries and olh8r adjustments for appropriateness, and evaluating the business rationale ol significant transactions outside the nomial course of business. A further description of our responsibilities lor Ihe audit of the accounts is located on the Financial Reporting Council's w8bsi18 al: Illl ,'/livviw.IrL:.or .uklaudilofsres onsibililie%. This description forms part of our auditor's report. This report is made solely to the charilable company's members, as a body, in accordance with Chapter 3 01 Part 16 of the Companies Act 2006 and regulations made under that Act. Our audit work has been und8rtak8n so that w8 might slate lo the charitable company's members those matters we are required to stale lo them in an auditors, report and lor no other purpose. To the lullesl extent permilled by law, we do not accepi or assume responsibility to anyone othèr than the charitable company and ils members as a body, lor our audit work, for this r8POrt, or lor the opinions we have formed. T8re8a C8mpb811 (Senlor Statuto Audltor) For and on behalf of AAB Group ccountant8 Llmlled Chartered Ac¢ountanl8 and Statutory Audllors Dromalane Mill The Quays Newry Co. Down BT34 8QS th Dale: 10 September 2024 20
Southern Area Hospice Services Ltd Company Limiled by Guarantee Consolidated Statement ol Financial Activities Year Ended 31 March 2024 Notes Unrestrlcted Funds Restrlcted Funds Total Year 2024 Tot•1 Year 2023 Income Irom: Charitable Activlii88 Grant Income 1,747,278 357,511 2,104,789 2,044,247 Donatlons and L•gacle$ Sundry Income Gills and Donations Gill Aid Legacies Fundraising Income 64,700 6,642 111,135 713,174 2.570,468 36,583 101,283 6,642 111,135 713,174 2,594,468 19,720 5.995 111,024 154.543 2,648,377 24,000 Investment In¢omo Bank Inleresl Receivable 230,154 230,154 52,955 Other Tradlng Actlvllle8 Commercial Trading Operations 160,009 160,009 252,007 Total Incom• 5 803 560 6 021654 5 288 868 Expenditur• on: Co818 ol Ral8lng Fund8 General Fundraising and Publlcily Cos18 Comm8rclal Tradlng Operaiions 878.640 85,495 2,601 881,241 85.495 667.314 128,001 Charltable Actlvlila8 Deliverillg H05PIC8 Services 4,664.863 424,949 5,089,812 4,042.681 Tol•l Exp•ndltur• 5 428 998 427 550 5 856 548 4 837 976 N•1 galn 1110881 on Inv•slm•nt 54,539 54,539 {27,291) Net Incomel(Expendlturol 229,101 {9,4561 219,645 423,601 Transfers Between Funds Nel Movement In Fund• 229101 219 645 423 601 R•eonclllatlon of Fund• Tolal Funds Bioughl Forward al 1 April Total Fund8 Carried Forward 10,145,075 10,374,176 49.260 39,804 10,194,335 10,413,980 9,770,734 10,194,335 18 The notes on pages 25 - 40 form part ol these financial statements. The results relate lo continuing activities. The company has no recognis8d gains and losses other than those included above and therefore no separate slalement ol total recognised gains and losses ha5 been presented. 21
Southern Area Hospice Services Ltd Company Limited by Guarantee Consolidated Balance Sheet Year Ended 31 March 2024 2024 2023 Nolo$ Fixed a88el8 Tangible Assetg Investments 1.280,488 873317 2,153,605 1,594,616 805,470 2,400,086 12 Current 888et8 Stocks Oeblors Investmen15 Cash al Bank and in Hand 13 14 30,674 175,691 6,144,163 2,860.180 9,210,708 26,426 212.058 5.378,329 2.738,994 8,355,807 Llabllitlo? Creditors.. Falling due within on6 year 16 1950,5331 1561.5581 Nel Current Asse18 8,260,175 7.794.249 Total A•8ets1•88 Current Ilabllltl•8 10,413,980 10,194,335 Net a88et8 10413980 10194335 Group Funds •mploy•d Reslrieled Funds Unreslricled Funds 18 18 39.804 10,374,176 10413980 49,260 10,145.075 10 194 335 Th8 li an ial statements were approv8d and aulhorised lor issu8 by the Board ol Trustees on the and were signed on ils behalf by: P Lough Dlroctor D Houston Dlrector Company Regislration.. N1038737 The notes on pages 25 40 lorm part of these financial stal8menls. The results relate to continuing activities. 22
Southern Area Hospice Services Ltd Company Limited by Guarantee Charity Balance Sheet Year Ended 31 March 2024 2024 2023 Flxed A89019 Tangible Assets Irsveslmenls 1,280,488 873,317 2,153,805 1,594,616 805.470 2,400,086 12 Current A$8ets Stocks Debtors Inveslmenls Cash al Bank and in Hand 13 14 15 30,499 217,076 6,144,163 2.754,003 ,145,741 25,827 331,474 5,378,329 2,556,380 ,292,Q10 Llabllltlfjj Credilors.. Falling du6 wllhin one yeaf 16 1892,9261 1505,1151 Net Current Assèts 6,252,815 7,786,895 Total AByel•1088 Current IIAblllll•8 10,406,620 10,186,981 Not a•8•t• 10,406 620 10 186,981 Fundg employed Aeslricled Funds Unreslricled Funds 18 18 39.804 10.366,816 10,406,620 49,260 10 137 721 10 186,981 nancia slalements were approved and authorised lor issue by the Board ol Trustees on tha and were signed on its behall by: P Loughr Dlrector D Hou3ton Direclor Company Registration.. N1038737 23
Soulhern Area Hospice Services Lld Company Limited by Guaranlee Consolidated Statement ol Cash Flow Year Ended 31 March 2024 2024 2023 Noteg 26 Cash used In Operallng AcllvStle8 784,216 340.963 Cash flows from Inve8tlng A¢tivltia8 Inl8r8sl Income Purchase ol Tangible Fixed Assets Purchase ol investments Cash used Investing Activilies 230,154 1114,042) 1779,1421 1663.030) 52,955 133,8831 13,351.9231 {3,332.8511 Cosh flow8 Irom Flnanelng A¢tlvltl••: Movement in Deposits Cash used in Financin9 Activities Increa88lldecroasel In Cash and Cash Equivalents In the year Cash and C88h Equlvalent8 al the beglnnlng of the year Total cash and c88h equlvalenls at the ènd ol the year 121.186 2 738,994 2,860,180 (2,991,888) 5 730 882 2 738 994 Ca8h and Cogh Equlvalento •t thè end ol ihe reportlng p•rlod 2 860 180 2 738 994 24
Southern Area Hospice Services Ltd Company Limited by Guarantee Notes to Ihe Financtal Statements Year Ended 31 March 2024 1) Accounting Policies The principal accounting policies adopted, judgements and key sources of estimation uncertainly in the preparation of the financial stalemenls are as follows.. a) Basis of preparation The financial stat8mènls havè been prepared in accordance with Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable to charities Preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FAS 1021 lellective I January 20191 (Charities SORP IFRS 1021, the Financial Reporting Standard applicable in the UK and Flepublic ol Ireland IFRS 1021 and the Companies Acl 2006. Southern Area Hospice Services Ltd m8ets the definition ol a public benefit entity under FRS 102. Assets and liabilities ar8 initially recognised at historical cost and transaction valu8 unless olharwise stat8d in the relevant accounting policy notes. b) Preparatlon ol Ihe accounts on 8 golng concern basis The financial slalements are prepared on a going concern basis. Taking account ol the risk review undertaken by the directors they do not consider there lo be a risk to the going concern slalus ol the charity or the group. The Directors will review the financial position on a régular basis, taking any action needed lo ensure that charity remains lil lor purpose and on this basis the assessment ot the dlrectors is that the charity is a going concern, c) Group flnancial slatemenls The financial slalemonls consolidate the results ol the charity and ils subsidiary Southern Area Hospice Services Lollery Limited. We note that Southern Area Hospice Services Shop Limited ceased trading in July 2022, and was wound up in October 2022. The 2023 consolidated figures included the 4 months trading up lo ¢es8alion, d) Incomlng R••oure•• Income is recognised when the group has enlillemenl lo the funds, any pertormance conditions allached lo th8 Items ol income have been mel, it is probable that the income will be received and the amount can be measured reliably. The specilic basis used is as follows,. Govgrnm8nt Grants Revenue grants are crediled to incoming resources on the earlier dale of when Ihay are received or when they are receivable, unless they ralate to a specified lulure period, In which case they are deferred. Donations Voluntary incorne received by way ol donations. gifts and gilt aid lo the charity Is included in full in the Slalement ol Financial Activities when received. Comm8rcial/ Trading Income Trading income represents the invoiced value ol goods supplied during the year, Revenue is r8cognised upon provision ot the service lo the customer. 25
Soulhern Area Hosp¢ce Services Ltd Company Llmited by Guarantee Notes to the Financial Statements Year Ended 31 March 2024 1) A¢¢ounting Policies- (conllnued) Fundraising incom8 Fundraising income is included in th8 Sta18m8nt of Financial Activities wh8n re¢eived, un18ss il is for a specilic event in which case il is deferred lo the liming ol the event. L8gacies Income from legacies is recognised when there is evidence ot entitlement to the legacy, receipt is probabl8 and ils amount can be measured reliably. Receipt ol a legacy. in whole or in part, is only considered probable when the amotjnl can be measured reliably and thè group has been nolilied ol the executor's intention lo make a distribution. Where legacies have been nolilied lo the group, or the group is aware of granting ol probate, and the criteria lor income r8cognilion have not been mel, then Ihe18gacy is Irealed as a conlingenl asset and disclosed if material. Inveslm6nl income Income IroTn investments is included. logelher with the related tax credits, In the Slalemenl ol Financial Activities on an accruals basis. e> R880urce8 Expended Expenditure is recognised once ther8 is a legal or conslruclive obligation lo make a paym8nl lo a third party, il is probable that selllemenl will be required and the amount ol the obligation can be measured r81iably. All expenditure is accounted for on an accruals basis and has been classified und8r headings that aggregate all costs relatèd lo the catègory. Where costs cannot be directly allribuled lo particular headings they havè been allocated lo aclivi118s on a basis consisl@nt with u88 ol the r8sourc8s. Staff costs are allocated lo activities on the basis ol lirne spenl on those aGlivilies. Costs of Raising Funds These are costs associated with attracting voluntary income and, as such, include the cost ol producing advertising and publicity materials, tho direct cost ol fundraising 8V8nts and salary Costs, Charitab18 aclivitl8S These are costs incurred in providing medical and care services and facilities within the Hospice and, as such, include primaiily Ihe cost of medical supplies and stall costs. Pension cosls The group contributes to a defined conlribulion scheme on b8hall of employees. The assets of the scheme are held separately from those of the group in an independently administered fund and contributions are charged to the Slalemenl ol Financial Activities in the period lo which they relate lo, Gov8mance costs Governance costs include those incurred in the governance of its assels and are associated with constilulional, slatulory and strategic requiremenls. Support Cosls Support costs include the central olfice funclions such as general management, payroll administration, budgeting and accounting, inlormalion technology, human resources and financing. These have b88n allocated lo charitable activi118S, Costs of raising ILsnds and governance costs on a basis consistent with the use of thes8 resources. 26
Southem Area Hospice Services Ltd Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2024 1) Accounling Policies- (continued) f) Fund accounting The group has various types ol funds for which it is responsible and which require separate disclosure. Delinilions ol the various types of funds are as follows.. Restricted lunds Reslricled funds are lo be us8d for sp8cified purposes as laid down by Ihe donor. Expenditure which meets these crileria is identified to the fund, together with a lair allocalion ol overhead and support costs. Unrestrict8d lunds Unreslricled funds are donalions and other incoming resources received or generated which are expendable al the discretion of tha charity in the furtherance ol ils objectives. Designated lunds Designated funds comprise a capital reseNe that has been allocated lo meel lulure capital requirements. g) Operatlng lea805 Where as5els are acquired under finance leases, th8 capital 818menl ol the assel is Included in fixed assets and amortised over the life ol the asset. The oulslanding capital element ol Ihe18asing obligation is included in ¢redilors falling due, The interest element is wrillen oll ov8r Ihe primary period. All other leases are accounted lor as operating léases and the rental charges are charged to Ihe slalement ol financial activities on a Straight line basis ov8r the life ol the lease, h) Tangible Ilxed ag8et• Depreciation is calculated lo wii18 oll the original cost less the expected r05idual value of the assets ov8r their èstimated useful lives al the lollowing annual ral8S;. Buildings., Fundraislng Offic8 Additions to day-care centre Freghold Hospice Buildings Fixtures. fillings and 8quipm8nl Motor Vehicles 10°/o slraighl line 4°/0 slraighl line 1.5 1 slraighl line 200/0 reducing balance 25Yo slraighl line Land is not depreciated. When thé recovorablè amount ol a lixed asset is found lo bè below ils nel book value, the ass81 is written down to the recoverable figure and the loss on impairm&nl is recognised in the Statement ol Financial Aclivilies. The carrying values ol tangible fixed assets are reviewed lor impairmenl when events or changes in ircumstances indicate Ihe carrying value may not be recoverable, i) Investments Listed inveslm8nls are stated at market value, on the basis of the middle markét price al the close of business. Whilst day lo day management of the investment portfolio is carried on by experienced, regislered investment managers (currently Brewin Dolphin) the ultimale conlrol and responsibility rests with th8 Trustees. 27
Southern Area Hospice Services Ltd Company Limited by Guarantee Noles to the Financial Statements Year Ended 31 March 2024 11 Accounting Pollcie3- (Contlnued j) Debtors Trade and other debtors are r8cognised al the settlemènt amount due afler any trad8 discount offered. k) Cash at bank and In hand and current a88el Investments Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original malurilies ol three manlhs or less and bank overdrafts. Bank overdralls, when applicable, are shown within borrowings in current liabilities. D8POSlts with original maturities ol greater than 3 months are shown as curr8nl asset or fixed asset investments d8P8nding on the dale ol malurily. l) Crèdltor8 and provlsion8 Cr8dilors and provisions are recognis8d where the charily has a present obligation resulting from a past ev8nt that will probably result in th8 transfer ol lunds lo a third party and th8 amount due to se115e the obligation can b8 measured or estimated reliably. Creditors and provisions are normally recogniséd at their settlement amount allor allowing for any tradé discounts due. m) Stock8 Stocks are slated al th8 lower ol cost and net realisable valu8. Al 8ach balance she81 dal8, stocks ar8 assessed for impairment. Donated goods into the shops are valued at zero as the value is their bagged W8ighl which is imrnalerial lo the financial statements. n) For8lgn currency Foreign currency transactions are translated into th8 functional currency using the spot exchange rates al the dale ol th8 transactions. Al each period end foreign currency monetary items are transla18d using the closing rat8. Non.monetary items measured al historical cost are translaled using the exchange ral8 at the dale of the Iiansaction and non-monetary items m8asur@d al lair value are measured using the exchange rale when lair value was determined. Foreign exchange gains and losses resulting Irom the settlemenl of transactions and from the translation al p6riod-end exchange rates of monetary assets and Ilabili118s d8nominaled in foreign currencies ar8 recognised in th8 Statement of Financial Activities. Foreign exchange gains and Ioss8s that relate lo borrowing and cash and cash equivalents are recognis8d in th8 Statement ol Financial Activities. o) Flnanclal Instrument8 The Charity has elected to apply ihe provisions ol Section 11 'Basic Financial Inslrumenls, and Section 12. Other Financial Instruments Issu8s' of FRS 102 to all of ils financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes paty to the conlraclual provisions ot the inslrumenl. Financial assets and liabilities are ollsel, the net amounts are presented in the financial statements, when there is a legally enforceable right lo sel off the r&cognis8d amounts and there is an intention lo settle on a net basis ol lo realise th& asset and sellle Ihe liability simultaneously. 28
Southern Area Hospice Seniices Ltd Company Limited by Guaranlee Notes to the Financial Statements Year Ended 31 March 2024 1) Accounting Polici8s- (continued) o) Flnancial Instruments ctd.... Basic financial assets Basic financial assets are initially measured at transaction pri¢e including transaction costs and ar8 subsequently carried at amortised cost usin9 the effective interest method, unless tha arrangement conslilules a financing transaction, where the transaction is measured al the present value ol the future receipts discounted al a market rale ol inleresl. Financial assets classified as receivable within one year are not amortlS8d. Basic financial liabilities Basic financial liabili118s are initially recognised al transaction price unless the arrangement conslilules a financing Iransaclion, where the debt instruments is measured al the present valu8 01 the futur8 payments discounted at a mark81 rale ol interest. Financial liabilities classili8d as payable within one year are not amortised, Debt inslrum&nls aro subsequently carried al amortised cost, using the effective interest rale method. Trade creditors ar8 obligations lo pay lor goods or services that have been acquired in the ordinary course ol operations Irom suppliers. Amounts payable are classified as current liabilities il payment is due within on& year or less. 11 not, they are presented as non current liabilities. Trade creditors are recognised initially al transaction price and subsequently measured al amortised co81 using the ell8clive interest method. Derecognilion ol financial liabiliti88 Financial liabilities are d8recognised when th8 Charity's contractual obligations expir8 or are discharged or cancelled. p) Employee Benefltg The costs of short-lafm employee benelils are recognised as a liability and an expense, un18ss Ihose costs are required lo bg recognised as part ol the cost ol stock or fixèd assets. The cost ol any unus8d holiday enlillement is recognised in the period in which the employee's 8ervices are received. Terrninalion benefits are recognised immediately as an expense when th8 charity is dernonslrably comrnilled lo lerminalé the employment ol an employee or to provide lerminalion benelits. q) Exemptions under FRS 102 Th& Charity has taken advantage of the following exemption: from preparing a cash flow slalemenl, on the basis that it is a qualifying entity and the consolidated statement ol cash flow includes the Charity's cash Ilows. r) Exemplions under Companie8 Act 2006 Th& Charity has taken advanlage of the following exemption: from preparing a Slalement of Financial Activities on the basis that lh8 Consolidated Stalem8nt of linancial activities in includes the Charity's Slatemenl ol Financial Aclivilies. The SLsrplus of the charity at 31 March 2024 was £219,639. 29
Soulhern Area Hospice Services Ltd Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2024 1) Accounting Policies- (continued) s) Crltlcal a¢counling eslimatos and judgements In the application of the Charity's accounting policies, the Truslees arè rèquired lo make judgements. eslimales and assumptions about the carrying amount ol assets and liabilities that ar8 not readily appar8nt from other sourcés. The estimates and associated assumptions are based on hislorical experience and other factors that are considered to be ie18vant. Actual results may diller from th8se estimates. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revislons to accounting estimates are recognised in the period in which the 8slimale is revised where the revision aff8cls only that period. or in the period of the revision and luture p8riods where th8 révision affects both current and future periods. Criticaljudgemenls in applying ihe enlily s accounling polici8S There are no Critical judgements in applying the group's accounting polici83. Critical 8ccounling 8StimateS 8nd assumptions Income from legacies is recognised when there is evidence ol entitlement, receipt is probable and its amount can be measured reliably. Cost allocation is an accounting 8Stimal8 that is recognis8d in lin8 with the accounting policy Note 18. Depreciation is an accounting estimate that is recognised in line with Ihe accounting policy Note 1 h. 21 Legal Stalus ol the Charity The charity is a company limited by guarantee and has no share capital. The liability of each member in the event ol winding up is limited to £1. 3. Income from Charllable Acllvllle8 R••trlct•d Unr••trSet•d 2024 Total 2023 Total Department ol Health . General Funding Olher Govemmenl Grant Income 1,747,278 1,747,278 357,511 2 104,789 1,729.095 315.152 2 044.247 357,511 357511 1,747 278 The 2023 in¢om8 lolal 01 £2,044,247 was split between £1,729,095 unrestricted and £315,152 reslricled. Other Gov8rnm8nt Grant Income.. This income is mainly income trom the Cancer Chari118s' Support Fund. It Is restricted as il can only be used for the purpose$ indicated in the grant application. 30
Soulhern Area Hospice Services Ltd Company Limiled by Guaranlee Notes to Ihe Financial Statements Year Ended 31 March 2024 4. Income from other trading activities The trading subsidiary ol th8 charity, Southern Area Hospice Services Lottery Limited is incorporated in the United Kingdom (company nurnber N10359581 and pays a large proportion of their prolits lo the charity under the gilt aid scheme. Southern Ar8a Hospice Services Shop Limited ¢eas8d trading in July 2022 and was wound up in October 2022. Southefn Area Hospic8 Sorvl¢o8 Shop LSmlt8d 7 Months 2023 2024 Turnover Othèr op8rating income Expendilurg Repayment to the Hospice Net Piolil I (Lossl 41,928 10.134 139,1591 30,858 17,955 Aggregale Share capital and re$gNes Southern Area Ho8pl¢& Servl¢o8 Lottery Llmlted 2024 2023 Turnover Donations Olh&r op8Talin9 Income Expendiluro Oonalion lo Ihe Hospice Corporalion lax chaige Net Prolil 160.009 6,842 199.945 5,995 185,4951 181,1501 188,8421 1117,0901 Aggregate shafe capilal and re$erve8 5. Invostment Income 2024 2023 Inleresl feceivable Inveslmenl Income 230,154 54,539 284 693 S2,955 31
Southern Area Hospice Servi¢es Ltd Company Limited by Guaranlee Notes to the Financial Slatements Year Ended 31 March 2024 6. Charitable Activities - Delivering Hospice Service8 Re$trl¢ted Unre8trlcted Fund8 Fund$ 2024 2024 Tot81 2024 Re$trleted Fund8 2023 Unre8trl¢t8d Fund8 2023 Total 2023 Staff costs Insurance Light & Heal Housekeeping costs Food and Modical Supplies Repairs and Maintenance RecrLtilmenl Expenses Other Exponses Training Costs Depr8cialion/lmpairment Loss on Disposal Volunleer Co$1$ GoveTnAnce costs Support co$ls Inole 81 360,163 3,083,664 56.328 98.838 32,712 114.632 59,787 15.738 3.840 8.325 393,200 1,149 1,517 9,996 785 137 4 664 863 3,443,827 56,328 98,838 32,712 114,632 59,787 16,035 13,483 8,325 405,221 1,149 1,517 9.996 827,962 5 089812 300.788 2,640,816 48.618 94.416 20.954 102,789 45,078 8,026 2,432 4,643 44,910 2,941,584 48,618 94,416 20,954 106,215 45,078 8,026 6,393 4,886 56,904 3,426 297 9,643 3.961 243 11,994 12,021 1,162 9.799 689,892 3 713,535 1,162 9,799 698.826 4,042 661 ,734 329 126 424 949 R8Stricled Funds 8xpendilure - see not8 on Restricted Funds income under note 3. 7. C08t8 ol Ral8lng Fund• F¢e8trlcted Unr08trlcl8d Fund8 Fund8 2024 2024 Total 2024 Reatrlcted Fund$ 2023 Unre8trlct•d Funds 2023 TotBI 2023 Stall C0618 Fundraising Expenses Light & Heal Repairs & Maintenance Ralos Telephone Slalionery and Adv8rt1sing Support Costs Inole 81 428,986 185,610 4,129 6,041 1,182 16,184 5,472 31,036 678 640 428.986 185.610 4,129 6.041 1.182 18,425 5,832 31,036 681241 3,414 395,474 224,755 5,457 3,534 623 15,080 254 18,219 663 396 398.888 224.755 5,457 3,534 623 15,584 254 18,219 667314 2,241 380 504 32
Southern Area Hospice Services Ltd Company Limlted by Guarantee Notes to the Financial Statements Year Ended 31 March 2024 8. Support Costs Basis of Allocatlon Gonerating Fund8 Deliverlng Hospice Serviees 2024 Slafl costs Other Siall Costs Repairs and Renewals R8cruilment Financing Training Costs Legal and Prolessional Costs Depreciation Loss on Disposal General Adminislralion Slatl Timelusage Slall Timelusage Floor Space Stall Cosl8lUsage Actual Stall Time/Usag6 Usage Usage Usage Usage 689.945 8,130 3,754 11,209 6.211 884 8,018 21,800 689,945 8,130 3,754 11,209 18,821 884 8,018 21.800 12,610 18,426 78.011 827 962 96,437 Ba81$ 01 Allocatlon G•narallng Fund• Dellverlng Ho$pice Servlcej 2023 Stall costs Other Stall Costs Repairs and R8newals Aecruilmenl Financing Training Costs Legal and Prolessionol Cosls D$precialion Loss on Disposal General Adminislralion Stall Timelusagg Stall TimelUsag8 Floor Space Slall Coslslusage Actual Stall Tlm8lUsage Usago U$ag6 Usag Usage 531,315 16.450 4,388 6,078 6,277 325 35.185 21,592 712 531,315 16,450 4.388 6,138 19,166 360 35,185 21,592 712 81,539 60 12,889 35 698 626 g. Ra8uIt8 lor the yoar Group Charlly 2024 2023 2024 2023 Th1• l• Staled after charglng: Slall costs Inole 101 Audit faes exlornal Audit lees - internal (assurance only) Oeprecialion I Impairment Operating leasg rentals . pfopety 4.562,758 11,500 3,985,061 13,000 4,125 78.869 13,975 4,526.857 10,000 3,921,150 10.000 4.125 78,496 427,021 427.021 33
Southern Area Hospice Services Ltd Company Limiled by Guarantee Notes to the Financial Statements Year Ended 31 March 2024 10. Employee Information Group Charlty 2024 2023 2024 2023 Wages and salaries Social security costs Other pension costs 3,908.905 334,535 319318 4 562 758 3.404,498 287,702 272,861 3 965 061 3,873,004 334.535 319.318 4 526 857 3.361.284 287,497 272,369 3921 150 The average number ol p6rsons employed by the ¢ompany {èxcluding Diréctors) during the year, by activity, was as follows.. Group Charlly 2024 33 58 15 106 2023 37 54 10 101 2024 32 58 15 105 2023 36 54 10 100 Support Slall and Fundraising Direct Gare Staff Cal8ring and Housekeeplng The number ol employees whose 8moluments exceed £60,000 were.. 2024 2023 £60,001 . £70,000 £70.001 - £80,000 £80.001- £90,000 £90.001- £100,000 Ovgr £100.000 For stall whose ernoluments exceed £60.000, pension contributions amounting lo £51,16712023'. £41,365) were paid towards a defined contribution pension scheme. Indemnity insurance for dir8Ctors' liability wa8 purchased by th8 charity lor £1,87512023'. £7,000). The total employ88 benefits, excluding èmployers pensions, ol the key management personnel ol the group was £290,445 {2023: £322,102). No charity Trustee received payment lor professional or oth8r services supplied lo the charity12023: £nill. 34
Southern Area Hospice Services Ltd Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2024 11. Tangible Fixed Assets Group Land & Buildlng$ Flxture8 & Fllllngs Equlpment IT Equipment Motor Vehi¢le8 Total Cost Al 1 April 2023 Additions Disposals Ai 31 March 2024 1.972,566 61,825 522.176 1.208 667,514 13,813 2.849 678,478 54.787 37,196 39,704 3,256,747 114,042 2,849 3 367,940 2 034 391 523,364 Accumulated depreclatlon Al 1 April 2023 Charge lor the period Impairmanl Oeprecialion on disposal At 31 March 2024 595.611 28,359 348.595 456,794 13,258 552,051 25,105 23,872 8,543 33,803 3,161 1,662.131 78,426 348,595 1,700 2 087 452 1,700 575 456 972 565 470 052 Nel book amounl At 31 March 2024 1061826 103022 1280 488 Al 31 Maich 2023 1376 955 115,463 5,901 1594.616 Charlty Lond & Bulldlng8 FSxlure8 & Flttlngl Equlpmenl IT Equlpm•nt Motor V•hlcl•8 Total Colt Al 1 April 2023 Additions Oi8posals At 31 March 2024 1,972,566 61,825 522,176 1,208 667,514 13,813 2,849 678 478 54,787 37,196 39,704 3,256,747 114,042 2 034 391 523 384 3 367 940 Accumulalod depr•clatlon Al 1 April 2023 Charge lor Ihe period Impai¥menl Depr8clallon on dlspo$al At 31 March 2024 595,611 28,359 348.595 456,794 13,258 552,051 25,105 23.872 8,543 33,803 3,161 1.662,131 78,426 348.595 1.700 2 087 452 972 565 470 052 675 456 N•1 book amount Al 31 March 2024 1 061826 103022 1 280 488 Al 31 March 2023 1376 955 115463 1 594616 Al 31 March 2024 Ihe enlity's land and buildings were independently revalued by CBRE resulting in an impaimenl loss. The company impaired ils building assets from Ihe original cost £1,972,566 10 £1,000,000. Th8 carrying amounl before Impairment was £1,348,595, resulting in an impairmenl loss of £348,595. 35
Southern Area Hospice Serviees Lld Company Limited by Guaranlee Notes to the Financial Slatements Year Ended 31 March 2024 12. Inv88tm8nts Group and Charity Cash Depo8lt8 Inve8tment In Equltlos Total C08t Al l April 2023 Additions Transferred lo curienl assets Fair Value ProliVILossl Disposals Al 31 March 2024 354,889 13,308 450,581 805,470 13,308 54,539 54.539 368 197 505 120 873317 Long term inveslmenls, which include monies in deposit accounts 01 £368,19712023'. £354,889> which are due to mature in greater than 12 months and equity investments £505,120 {2023.' £450,581), are h81d within tha United Kingdom and exist primarily lo provide an inv8Stm8nl return for th8 group. At the end o18ach investment 18rm the monies r8ceiv8d are 8xpecled lo be reinvested in furth8r investment opportunities lor the benefit of the group. 13. Stocks Group Charlty 2024 2023 2024 2023 Consumables 26,426 30,499 25,827 14. Deblor8 Group Charlly 2024 2023 2024 2023 Trade Debtors Amounts owed by subsidiary undertakings Other debtors Pr8paymenls and accrued income 82,573 156,840 80.355 45.533 153.280 124,801 54,428 38,690 175691 26.463 28,755 212 058 54,423 36,765 217076 26,463 26,930 331 474 Amounls owed by subsidiary undertakings ar8 unsecured, interest free and are repayable on demand. 15. Current A8s•t Inveslment8 Group Charlty 2024 2023 2024 2023 Short Tern Deposits 6,144.163 6 144163 5.378,329 5 378 329 6 144,163 6 144 163 5 378.329 5 378 329 Current ass81 investments relate to monies held in short lemi deposil accounts and are du8 to expire within one year. 36
Southern Area Hospice Services Ltd Company Limited by Guarantee Notes to the Financial Stalements Year Ended 31 March 2024 16. Creditors: amounls lalling due wilhin one year Group Charily 2024 2023 2024 2023 Trade Credilois Olh¢r laxalion and $o¢ial security Accruals and deferred income Olher creditors 72,296 111,767 709,585 56.885 950 533 74,127 114,885 317,007 55.539 561,558 67,643 111,767 701,405 69,771 114,885 307,830 12,629 505 115 892 926 17. Financial In8trument$ Graup Charlty 2024 2023 2024 2023 Falr value through prollt or10•8 Flxed asset inveslmenls 505,120 505 120 450 581 450 581 505 120 505 120 450 581 450 581 Financlal a98et& hold at amortlged ¢o¥t Cash al bank and in hand Trade debtors Other debtors Inv881menl in short lerm deposits Inveslmenl In loiig term deposits 2.860,180 82.573 93.118 6,144.163 368,197 9 548 231 2,738,994 156,840 55.218 5,378.329 354.889 684 270 2,754,003 80,355 93.115 8,144,163 368.197 9 439 833 2,556.380 153,280 53,393 5,378,329 354,889 8 496 271 Flnanclal Ilabllltle8 held at amortlsed cost Trade crgdilors Other creditors Accruals and d8lerrod Income 72.296 168,652 709,585 950 533 74,127 170.424 317,007 561558 67.643 123,878 701,405 892 926 69,771 127,514 307.830 505 115 18. Analy818 ol Charltable funds Analy81• ol movom•nt8 In fund8 Group Balance 1 April 2023 Incornlng r880urce8 Exp8nd•d funds Galn on Inv•81ment• Tranjlers 8alane• 31 March 2024 R••trlct•d Fund• 49.260 418,094 1427.5501 39,804 D•slgnatod lund8 Capilal reseNe 7,561,792 7.561,792 G•n•ral fund• 2,583.283 5,603.560 15,428,998) 54,539 2,812,384 Total fund8 10 194335 6 0216S4 5 656 548 10413980 37
Southern Area Hospice Services Ltd Company Limiled by Guarantee Notes to Ihe Financial Statements Year Ended 31 March 2024 Charlty Balance 1 Aprll 2023 Incomlng re8ource8 Expended fund8 Gain on Investments Tran8fer8 Balancè 31 March 2024 Re$trlcted Funds 49,260 418,094 1427,5501 39,804 Designated lund8 Gapilal fesetva 7,561.792 7,561.792 Gon•ral lund• 2.575.929 5,518,054 15,343,4981 54,539 2,805,024 Tolal lund8 10 186981 5 936 148 5 771 048 10406620 Capilal Reserve The Board has decided lo allocate a further £Nil to the balance of £7,561,792 with a view to continuing to build thesè funds to meet future capital requirements. 19. Analy813 of group net a88et8 belweon lund8 Unro•lrSct•d General Deslgnaled Funds Fundg R••trl¢t•d Fund8 Tolal Fund8 Fund balanc•8 at 31 March 2024 ar• repr?¥ented by.. Tangible lixed as56ls Fixed asso1 inveslmenls Nel curienl assets Creditors,. amounts falling due alter more than on8 y8ar Total 39,793 1,240,895 873,317 698.372 1.280.488 873.317 8.260.175 7,561,792 2 812 384 7 561 792 10413980 Unr••trlct•d Gtrnerol De8lgnaled Fund• Fund8 Refjlrlcted Fund• Total Fund8 Fund balance8 at 31 March 2023 are reprosented by: Tangible lixed assets Fixed asset inv8slmenls Nel current assets Creditors.. amounls falling due after more than one year Total 49.249 1,545,367 805,470 232,446 1.594,618 805,470 7,794,249 7.561.792 2 583 283 7 561792 10 194335 20. Taxalion Southern Area Hospice Services Ltd is recognised as a charity by HM Inspector of Taxes, and as such is enlilled to certain tax exemptions on income and profits from inveslmenls, and surpluses on any trading activities carried on in furtherance ol the charity's primary objectives, il Ihese prolits and surplus8s are applied solely lor charitable purposes. 38
Southern Area Hospice Services Ltd Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2024 The Charity is not registered far VAT and accordingly, all its expenditure is recordecl inclusive ol any VAT incurred. This excluded certain types of expenditure where under Ihe terms of a new scheme which commenced on 1 April 2015, charities that are not regisler8d lor VAT are abl6 lo claim back an element of their input VAT. The charity has participated in this scheme from Ihe commenc8menl date. The Lottery is not registered lar VAT and accordingly, all ils expenditure is recorded inclusive of any VAT incurred. 21. Free re8erve8 Free r8S8rves as noted in the directors report, are calculated as follows.. 2024 2023 Total unreslricled r888Ne8 Tangible assets Flxed asset inveslm8nls 10.374,176 11,240,695) 1873,3171 10,145,075 11,545.3671 1805,4701 260 164 7 794 238 Total unrestricted reserves include £7,561,792 01 designaled funds which are allocated lo a Capital R8s8rve to ¢onlinue lo build these funds lo m8el lulure capital r8quiremenls. 22. Related party tran4actlon8 and ultlmate controlling party. The Board ol Trustees are considered to be the Charity's ultimate controlling party. Included within trade debtors is £4,67312023'. £4.350) due Irom Southern Area Hospice S8rvi¢es Lottery Limit8d as al 31 March 2024. Included wllhin trade creditors 18 £NIL12023.' £NIL) due lo Southern Area Hospice Services Lollery Llmited as al 31 March 2024. In 2024 Soulh8rn Area Hospice SeNices Lottery Limited made a gift of £81,15012023.' £117,090) lo Southern Ar8a Hospice Services Ltd. 23. Llabllily of memb•r8 Both group companies ar8 companies limi18d by guarantee and do not have a share capital. The liability ol each member is limited to an amount not exceeding £1. 24. Flnanclal commilmenlg There were no financial commitments at 31 March 2024 (2023., Nil) 39
Southern Area Hospic8 Services Ltd Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2024 25. Subsldiaries The subsidiary undertaking whose Tesulls are reflected in the consolidated financial slalemenls by virtue ot control, is as follows: Interest con8olld8ted Soulhem Area Hospice Services Lottery Limited - N1035958 26. Net cash gonerated from operallng actlvllles 2024 2023 Not incoming resources Dep18cialion & Impairmenl Interest receivable and similar income Gain on Investmen18 Loss on sa18 01 fixed a89ets Movomenl in Debtors Movement in Credilors Movement in Stocks 219,645 427,021 1230,1 $41 154,5391 ,149 36.367 388,975 14,2481 423.601 78,869 152,9551 27.291 10,268 117,321 1262.7111 17211 N•t ca•h Inflow from op•ratlng actlvltl•8 784 216 340 963 40