Southern Area H08plce Servlces Ltd Company Llmlted by Guarantee Annual Report & Flnanclal Statement8 Year End•d 31 March 2025 Company No: N1038737 Charlty No." NIC101906 HMRC Charlty Number: XN4732912 Southern Area Hospice Servlces Ltd Company Limited by Guarantee Table of Contents Year Ended 31 March 2025 Page Company information Report of the Trustees 4-19 Independent Auditor's Report to the membars 20-23 Consolidated Statement of Financial Activlties 23 Consolidated and Charity Balance Sheets 24-25 Consolidated Cash flow statement 26 Notes to the Flnancial Statements 27-41 Southern Area Hosplce Services Ltd Company Limlted by Guarantee Company Information Trustees Patrick Loughran (Chairman) Donna Houston (Vice Chair) Robin Brown Greg Cox Martln Dillon Monica Duffy Michele Hutchlnson Moira Mannion William McAllister Orla McPolin Kelly Mcveigh Katrina O'Dowd Roger Wllson Co•OPta08 to Commlttees Sheila Chambers - Audit and Risk Commlttee Andrew Stevenson - Capltal Development and Infrastructure Committee Socratary Llz Cuddy Reglstered Offlco st John's House Courtney Hlll Newry Co. Down BT34 2EB External Audltor AAB Group Accountants Llmlled Chartered Accountants and Statutory Auditors Dromalane Mlll The Quays Newry Co. Down BT34 8QS Prlnclpal Bankers AIB 42-44 Hlll Street Newry Co. Down Danske Bank Llmited 58 Hlll Street Newry Co. Down AIB 96 Clanbrassil Street Dundalk Co. Louth Southern Area Hosplce Services Ltd Company Limited by Guarante8 Company Information Investment Advlsers Brewin Dolphin 11th Floor East Tower Lanyon Plaza 8 Lanyon Place Belfast, BT13LP Sollcltor8 Luke Curran & Co 6 Marcus Square Newry Co. Down Lewls Sllkin (N,I,) LLP 8th Floor The Llnenhall 32-38 Llnenhall Street Belfast BT2 8BG Reglstered Charlty No. Reg18tered Company No. NIC1019061XN4732912 N1038737 Senlor Leadernhlp Team: Llz Cuddy Ajun Budda Damlen Hlllen 8ridgel Lynch Chlef Executlve Offlcer Dlrector of Corporate Services Director of D8V8lopment Dlrector of Care Southern Area Hospice Services Ltd Report of the Truste88 Year Ended 31 March 2025 The Trustees (who are also Directors of the company) submit their annual report and the audited consolidated financial slatements of Southern Area Hospice Services Ltd and its subsidiary for the year ended 31 March 2025. This report constitutes the Strategic Report and the Trustees, Report 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: Statement of Recommended Practice applicable to charltles preparing their financial statements In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland ((FRS 102 effective 1 January 2019)- (Charities SORP (FRS 102)), in preparing the annual report and financial statements of the group and charitable company. Reference and admlnlstratlve Informatlon Southern Area Hosplce Servlces Ltd was established as a voluntary independent hospice since 1989. It was incorporated In June 2000. Southern Area Hosplee Servlces Ltd is reglstered wlth the Charity Commlsslon Nl (Charlty Number NIC1019061, is a company limlted by guarantee and is reglstered with the Companies Registrar (Company number N1038737). It Is also recognlsed as a charity by HM Revenue and Customs, XN 4732912. The Trustees and Secretary of th8 charity are listed on page 2. The principal and r8gislered office of the charlty Is also listed on page 2 together with details of the professlonal advisers and bankers, Structure, governance and management Southern Area Hosplca Sarvlces Ltd, by vSrtue of common Trustees and power to govern operatlons, controls the activStles of Southern Area Hospice Servlces Lottery Limited, which has the objective of raising funds for the Southern Area Hosplce S8rvlces Ltd. Southern Area Hosplce Servlces Lotlery Llmlted op8rates a weekly lottery to generate funds for the Hosplce. Southern Area Hosplce S8rvlc85 Ltd Is governed by a Board of Dlrectors (who are also known 85 Trustees for the purposes of the Charlty Law). It Is governed by a Memorandum and Articles of Assoclatlon. Board of Dlrector8- •n$urlng good governan¢e The Board of Directors (Trustees) are Ilsted on page 2, The Dlrectors are responslbla for approving the strategies and pollcSes and for ensuring that these are Implemented. The Board of Directors meets regularly to comply wilh its statutory responsibilities. In the reporting period, the Board had 6 full Board meetings and several workshops to consider the rebranding of the Hospice and the capital project- further information on pages 13. The Chairperson Is accountable to the Board of Dlrectors and responslble for the efficlent runnlng of Southern Area Hospice Services Ltd wilh the help of the Chief Execulive and the Senior Leadership Team. The Directors (Trustees) are not remunerated. The Board Commlttea structure is well embedded and operating effectively. It is as set out below. The Cllnlcal Govemance Commlttee provides oversight and scrutiny of service provision (clinical governance, service quality, patient safety, and clinical slandards). service performance,. service development and clinical leadership. The Committee is chaired by Patrick Loughran and has 4 members including him. It met 4 times in this reporting period. In the last reporting period. the Medical Advisory Committee developed and broadened its scope. It further became a committee. under the responsibility of the Director of Care and Lead Consultant, reporting to the CEO and Clinical Governance Committee. During this reporting period this way of working has bedded in well with the Clinical Governance Committee noting continued substantial improvements in reporting on all matters to them. This Committee meets quarterly and had its 4 required meetings in this reporting period. The Resources Committee provides oversight and scrutiny of Human Resources, Income Generation, Finance, IT, Support Services (facility management services, administralion, health, and safety and GDPR) and Investment Management. The Committee continues to have a demanding agenda but has continued to note that the significant direction of travel in improving the robustness of reports is very positive, ensuring the Southern Area Hosplce Services Ltd Report of the Trustees Year Ended 31 March 2025 resources available are used and accounted for appropriately. They have also been ensuring that transformation continues to take place in the areas it has responsibility for. The Committee consists of five members of the Board of Directors and is chaired by Donna Houston. In this reporting period, the Committee mel 6 times. Throughout this period th& Committee agreed lo schedule Its meetings on a quarterly basis with additional meetings being called as necessary to deal with scheduled or emergent matters. The Audlt and Rlsk Commlttee provides oversight and scrutiny of strategic risk management., internal audit., external audit,. 8nd management responses identified by any audit process. All of this is to ensure the adequacy of assurance for all corporate governance matters relevant to Southern Area Hospice Services. In additSon, th8 Committee can request any other specific work required to adequacy of governance, assurance, and probity. The Committee has 3 members. 2 of whom are Board members, and the 3rd is a co-optee, This year whistleblowing and fraud became a standing agenda item to reflect best practice. The Commlttee is chaired by Monlca Duffy and in this reporting period it met 6 times. On 1 of these occasions, it wes a joint meetlng with th8 resources Committee to consider the budget for 2025-26. The Remuneratlon and Nomlnatlon8 Commlttee met twlca In the reportlng p8riod and Is chalred by Orla McPolin. Its functions from a remuneration perspective are to set CEO and Dir8Ctor salaries, pay-scales for the remalnder of the organlsatlon and to ensure compliance wlth equallty leglslation. Its Nomlnatlon functions are to ensure good board governance is maintained, to recommend appolntments to the Board, and to oversee th8 appointment of the CEO and Directors. The Capltal Development and Infrastructure Commlttao Is responslble for ensurlng that capltal projects dellver the d8slred outcome, progress to plan and budget and that key risks are identified and managed. The Commltte8 Is Involved In projects from concept to delivery wlth a focus on the capital works needed to fulureproof the estate requirements for the Hospice. It has 4 members - 3 Board members and 1 co-optee - and Is chalred by Roger Wilson. It met twice durlng this reportlng perlod though additional r8gular updates W8re provlded to the Board to update them on work that was underway to further develop th8 buslness case to consider how best to Improve the infrastructure requlrements of the Hosplce into the future. Further details on this project are on page 13. It should be noted that co-oplees to Commlttees of the Board are not Trustees and therefor& not Directors. Confllct8 of Inter88t As a matter of good governance, actual and percelved confllcts of Interest are reviewed on a regular basis. All Board members and senior managers are requlred to make an annual declaration regardlng any conflicts of interest, and a schedule of responses is maintalned. In addition, the declaration of conflicts of interest is standing agenda item for each meeling of the Board and Its Committees, wilh all present being asked to declare if they have any conflicts of Interest regarding any agenda items. There were no significant matters managgd during the reporting period, Appolntment of new Trustees New Trustees are recruited by open recrultment by exlsting Dlrectors to fulfil speclfic roles and skills on the Board. The potential Trustee is then interviewed by the Chairperson, Vice Chairperson and Secrelary of the Board regarding their willingness to become a Trustee and their polential contribution to the Hospice is consid8red. Following this. any potential Trustee is presented to the Board for thelr consideration and approval. There were no new Trustees appointed during this reporting period. Inductlon and tralnlng of Trustees Induction and training for new Trustees is similar to those set out for all employees of the charity. They are given an overview of the aims, objectives, and achievements, introduced to the Chief Executive and Senior Leadership Team, are provided with a copy of the Memorandum and Articles of Association, the Hospice UK manual on Director responsibilities and details of the recent financial performance of the charity. All new Trustees meet with other existing Trustees, and they are encourag8d to attend appropriate external training events should they facilitate the undertaking of their role. Southern Area Hospice Servlces Ltd Report of the Trustees Year Ended 31 March 2025 Retirement and rotatlon of Trustees The term of office of a Trustee shall be for a maximum of three terms ot three years each. A reliring TrLJStee of the board may be re-elected under these terms. The Trustees who retire in accordance with this regulation shall be those who have been longest in office since their last election but where persons who become Trustees on the same day retire (unless they otherwise agree among th8mselves), they are determined by lot. Management The Board Is responslble for governance at a strategic level and meets regularly wlth the Chief Executive who Is responsible for day-to-day management of the company supported by the Senior Leadership Team. The Chair of the Board meets regularly with the Chlef Executive outside of formal meeting structures and processes. The CommSttees of the Board also meet regularly with the Chief Executive and Senior Leadershlp Team to revlew performance and address any emergent issues, S•nlor L•ad•r8hlp Team The Senlor Leadershlp Team comprlses of the Chlgf Executive, the Director of Corporate Services, the Director of Care, and the Dlrector of Dev8lopm8nt. Pay and remuneration Is set by appropriate benchmarklng and approved by the r8muneratlon committee. Total cost of the Senior Lead8rshlp Team salaries and wages Is £353,743 In thls reporting period. Objectlves and Actlvltle8 The Hosplce supports patlents wlth complex, Ilfe-limitlng conditlons to Ilve well wlth their condltlon from the point of dlagnosls rlght through to end-of-life. SAH provides patient-centred, wrap-around support for patlents, physical, emotlonal, splrltual, and social needs, It also supports famllles and carers wlth thelr emotlonal and soclal needs. The Hosplc8'8 servlces fall into 2 main categorles., Inpatlent servlces and communlty-based servlces. The servlcas In both areas are holistic in nature, comprehenslvely supportlng the patient and their famlly. We have extremely professional and expert multi-disciplinary teams who ensure that our services. both In the Inpatient unlt and community, are of a high qualily, evidenced based 8nd safe. The Hospice has recelved funding from th8 Departmgnt of Health's Cancer Charllies Support Fund to better support patients wlth a palllatlve cancer diagnosls. Thls fundlng enabled a further development of its community services to 8nsure a more targeted and multi-dSscipllnary approach that works in a collaborative way wllh other service providers in the Southern Trust araa. This funding ended in the reporting period. The Hospice acknowledges and thanks the Cancer Charlty Support Fund for its funding. However. the Hospice is disappolnted that there have been no fundlng streams put in place by Commissioners to help sustain these servlces which have demonstrated they are needed and not only are of high quality but give patients and their famlli8s considerable care and support to help them to be managed better outside of more costly acute services. Following an internal review of the servlces developed with the Cancer Charity Funds a declslon was made in this reporting perlod that the Hospice would sustain the services at risk whilst it grew Income to mitlgate the risk, Details of the Hospice's services and the activity levels of each of thase services are provided In the Strateglc Report section. Southern Area Hospice Services Ltd is a member hospice of Hosplce UK and became a full member of the All-lreland Institute of Hospice and Palliative Care in the reporting period. We continue to develop links with other hospices at both a local and a national level. Public Benefit This has been another exceptional year due to the continuing cost-of-living challenges on income generation and on our operating costs. Our focus has been on continuing to provide services in a safe and effective way. The report demonstrates that the Hospice has had a successful year in this regard. Southern Area Hospice Services Ltd continues to meet the definition of a public benefit entity under FRS 102 and in line with its charitable objectives as detailed throughout this report. Southern Area Hospice Services Ltd Report of the Trustees Year Ended 31 March 2025 Volunteers The charity is involved in the community and is dependent on voluntary help. Our 250 volunteers make huge contribution to the work of the Hospice, bringing a diversity of skills and experience. Our volunteers contribute across many areas of the charity including reception and administrative duties. helping patients at mealtirnes, providing reflexology and counselling as well as transporting patients to and from Hospice appointments and working in the Hospice gardens. Volunteers contribute greatly to various fundraising activSties and provide general assistance with many fundraising events. The volunteers bring an extra dimension to the atmosphere of the Hospice. Thelr skills and contribution enhance our service and make an impact on the lives of our patients, their famllies, and our staff. The Hosplce could not operate without the invaluable contribution of volunteers to Its varlous departments and events and are deeply appreciatlv6 of our volunteers. In June 2024 we held a successful 8V8nt to recognise the contributlon of our volunteers, thls was attended by 100 volunteers. In Gratitude Th8 Board wlsh to convey their sincere thanks to our staff and the many volunteers who have so generously given thelr support to the organisation. Wlth the contlnued support of our staff and volunteers, we look forward to contlnulng to enhance the dellvery of our charitable services wlthln the communlty. Acknowledgement8 The Board wlsh to slncerely thank all Indlviduals, communities and companles who have supported and donated to us throughout Ihls year, Including many fundraislng events and many supporters have yet agaln overwhelmed us with their generoslty. The Hospice is extremely grateful for Ihls support and financial asslstance -11 could not provlde Its servlces to the communlty without this. Southern Area Hospice Servlces Ltd Report of the Trustees Year Ended 31 March 2025 Strateglc Report Achlevements and Performanc• Overall The Trustees are pleased to report that slgnificant progress was made towards achieving the Hospice's objectives (detailed on pages 6 above). The Hospice covers the Southern Health and Soclal Care Trust geographical area, which includes counties of Down, Armagh and parts of Tyrone. Cara S•rvlces We provlde both Inpatlent and community support, Our Hospice Team Is a multi-dlsclpllnary team working together to provlde specialist palliative care and treatment to patients and their famlly. Our experienced team focus not only on physical care but also on emotional, social, and spirltual wellbelng. We tailor our services to indivldual needs and those of the family. The main aim of our Hosplce servlces Is to help patients who have received a palliatlV8 diagnosls Ilve and dle well with their condition, Our Inpatient Cllnlcal Team consists of consultants, doctors, nurses, h881th car8 assistants, physiotherapists, and occupatlonal theraplsts. The Patient and Family Support Team conslsts of chaplalns, social workers, and counsellors and complementary therapists. The Hosplce Communlty Outreach Team offer patients, and their families care In thelr home or at our Wellbelng centres In Newry and Dungannon. These servlces involve patlent support, carers support, counselling, bereavement support and an Out of Hours Nurslng Care at Home for those at end of Lif8. Our Communlty Team consist of nursos, social workers, chaplains, physlotheraplst and complementary theraplsts. Inpatlent Servl¢e8 Our 12-b6d Adult Inpatlent Unit contlnues to provlde hollstlc care for patlents wlth complex symptoms, those at the end of life, and those requiring respite care. A hlghly traln8d, multldlsclpllnary team supports both patlents and their families, focuslng on the whole person-addresslng not only physical health but also emotlonal, social, and spiritual well-being. Thls year, w8 had 226 new admissions, with a total of 239 patients recelvlng car8. Bed occupancy reached 900/0, an increase from last year's 87.30/0. The average length of stay was 16.3 days, rising from 15.1 days the previous year. First-time admissions accounted for 166 patients, while 73 were readmitted. Of those cared for, 138 patients were discharged either back home wlth improved symptom management or to thelr praferred place of care. Beyond nursing and medical support, inpatient therapy sesslons totalled 7,301 this year, a signlficant rlse from last year's 5,781, Patients and their families benefited from 6,525 face-to-face therapeutic support sessions and 776 telephone support sessions. provided by soclal workers, chaplains, physiotherapists, occupational therapists, and compSementary therapists. Session type Session numbers 202415 2,151 2,890 974 Session numbers 202314 2,209 2,655 492. Sesslon numbers 202213 1.911 1,811 1,461 Service not available 248 5,431 Social work Chaplaincy Physiotherapy Occupational Therapy 1,065 196" Complementary Therapy Total Note." Staff vacancy from April - December 2023 new service introduced in January 2024 221 229 7,301 5.781 Southern Area Hospice Services Ltd Report of the Trustees Year Ended 31 March 2025 Community Services Our Community Services model offers integrated, multidisciplinary palliative support for adults over the age of 18 and their families. This service provides physical, psychological, emotional, and spiritual care to individuals with palliative illnesses. Support is delivered either in the patient's home or at one of our Wellbeing centers in Dungannon or Newry. Depending on patient and family needs, services can be provlded individually or as part of a group. Over the past year, we received 458 new referrals to SAHS community services, with 664 Individuals actively receiving support-an increase from last year's total of 614. We provided 7,360 therapeutlc sessions to patients, carers, and bereaved families, marklng a rlse from last year's 6,854 sesslons. Of those receiving support. 562 were affected by cancer, while 102 had non-cancer-related palliative conditions. Breakdown of sessions dellvered,. 296 Patients supported 136 Carerslrelalives supported 232 Bereaved Indlvlduals supported 1,702 sessions delivered at home 2,493 sessions provlded at Wellbelng Centres or community settSngs 3,165 telephone or virtual sessions conducted 936 one-to-one patient support sesslons 486 one-to-one carer support sesslons 576 one-to-on8 bereavement support sesslons 729 counselling sesslons 1,966 complementary therapy sesslons 878 group sessions Group work conslsts of Living Well Café for patients and Carers In our Wellbelng Centres, Monthly Family Night Bereavement groups for parents, teens, and younger children Bereavement Journey B8reavem8nt Walking Group 8ereavement Walk in Café OOH Nurslng Care at home. Our Out-of-Hours Nursing Servlce was launchad In July 2023 to provlde on-call nurslng care for patSents at home who have a cancer diagnosls and are nearing the end of life. The servlce was extended to all palliative patients from November 2024. The service is available 365 nights per year and operates between 22..00 and 08'.00 and is delivered in the BT35 postcode area and Newry City areas. The service ensures timely and effective symptom management of palients referred who are in the final days of life. It supports families, helping them recognise and navigate the dying process with confidence. The service also reduces loneliness and soclal isolation for both patients and thelr loved ones. Emotional and spiritual support is provided throughout this critical time. During the reporting period, 67 patients and their families received care. bringing the total number of supported individuals since July 2023 to 100. The service has enabled patients to remain at home, in comfort, symptom-free, and in their preferred place of death. Key service statistics for 2024125 include- 257 nights of active service 1,542 telephone support sessions 377 home visits Southern Area Hospice SeNlces Ltd Report of the Trustees Year Ended 31 March 2025 Addltlonal achievements in Care Servlces Significant investments were made during the reporting period to enhance the Care Services team and to make sure that we continue to develop the expertis8 of the whole team. This included the following: Investment in 90 le and trainin 2 Specialty doctors recruitad. Interim Pharmacist recruited. 1 staff member undertaking the Specialist Palliative Care Soclal Work Award Is nearing completlon of the programme. 1 staff member undertaking the Msc Advance Nurse Practitioner Course is nearing completion of tha programme. Specialist Nursing Practlce & Non-medlcal Prescrlblng programmes commenced Training placements provided for medical and nursing students at both under and post graduate level. Additional collaborative and artnershi work b Ihe Care Service team in the Hos ice include.. The R8flexology service has expanded to 80 hours per week, with the addition of six volunteer reflexologists. Specialist Palllatlve Medlclne Out-of-Hour's telephone advlce Is available to SHSC Trust medlcal staff, both In the community and hospital settings, through collaboratlon wlth Trust Consultant colleagues, The Patient and Family Support Team Manager chairs the Northern Ireland Assoclatlon of Palllatlve Care Soclal Workers. The SAH Advance Nurse Practltioner Tralnee serves as Chalr of the Senlor Nursing Group. Ongolng collaboratlon wlth Llfe and Tlme and SHSCT to co-deslgn and deliver sesslons wlthln the Community Palllatlve Care Out-of-Hours Nurslng Service ECHO Nelwork. The Out-of-Hours Nurslng S8rvlce and Its Impact was presented at the flrst-ever nurslng presentatlon In the Palliative Care Congress Conference. The Impact of our counselling services and advanced care plannlng was hlghllghted In a dedlcated Motor Neuron Dlsease workshop. Infectlon management The SAHS inpatient unit operates within a well-establlshed facility. where patlent rooms are compact and lack ensuite amenities. Whlle the building's age presents operational and malnl8nance challenges, infection prevention and control measures remain exemplary, consistently achieving high compliance standards. A collaborative approach among staff ensures that Infectlon control procedures are carried out efficlently and consistently, relnforclng the hospice's commitment to malntalning the highest standards of IPC practlces. Our Team The staff within all functions of the Hospice have continued to show resiliency and commitment throughout the reporting period. The Board of Directors would Ilke to thank all staff for thelr ongoing dedlcatlon and commitment to the Hospice. staff ObJectlve8 and Performance Employees are set objectives which outline their responsibilities, and which are reviewed regularly to ensure compliance. There is an increased focus on developing staff to strengthen their performance and allow them to atiain their maximum potential 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 further developed the training provision for our Care Services team and others to enhance our skills base, knowledge, and learning. Inspection All care services are the subject of unannounced, annual inspections by the Regulation and Quality Improvement Authority (RQIA). The latest inspection look place in March 2025. We are pleased to report that the report from this inspection was positive, particularly in relation to the quality of care provided and infection 10 Southern Area Hospice Services Ltd Report of the Trustees Year Ended 31 March 2025 control standards. Inspectors were extremely complimentary about the knowledge, motivation, and commitment of all staff they spoke with. We were advised that the standard of care we provide is excellent and of a very high standard. We were further advised that there was excellent communication within and across leams. The inspections commended the good management of what is recognised as an aged facility. They further advised that they observed good governance, management and leadership in the Hospice. Income Generatlon The response from all supporters this year was incredlble. Once again, their commltment to the Hosplce has proven to be Incredibly Impactful. Despite the ongolng formidable challenges faced by our local community. support groups, and buslnesses they have contlnued to rally behind our cause wlth amazing generoslty and support. Thanks to the tremendous kindness of our supporters, we achleved an outstandlng total income of £3.42 mSlllon for the year. This extraordinary accompllshment was made posslble through the success of various campalgns and Initiatives, as individuals and businesses enthusiaslically took up their fundralslng efforts. As we do each year, we extend our thanks to John Dalzell OBE, who completed hls 33rd Annual Christmas Sit Out and made an Incradlble donation of £116,000. We are very grateful for the legacy donatlons recelved thls year, totalling £218,000, these donations show the extraordinary generosity of our supporters, whose thoughtful inclusion of the Hospice in their Wills ensures a sustalned and meaningful Impact for years to come. Whllst operatlng In very challenglng economlc condlllons our Corporate and Trust partners played a plvotal role thls year by raising an amazing £495,000, exemplifying their commitment to our cause. The Hospices annual Llghts Campaign held In the run up to Chrlstmas whSch provldes a source of hope and loy durlng what can be a challenging tlme for those who attend generated £102,000 this year. The ever- popular Car Draw raised ils highest ever total of £125,000, whlch Is a fantastic accomplishment by all Involved. Local schools fund raised a fantastic £30,000 for Hospice care and our amazing Supporter Groups whlch are located across the Southern Trust donated a total of £158,000. Some further Informatlon about how funds have been ralsed: mmuni ￿￿. Communlty fundralslng, whlch traditionally serves as the cornerstone of our support, has delivered remarkable results raising £1.08 mllllon. Thls was achieved agalnst a backdrop of an Increasingly competltlV8 fundraising environment, an ongolng cost of living crisis, and global issues impactlng people's abillty to give. We extend our deepest gratitude to our generous community members for thelr continued support, as their contribulions make a tanglble difference in the Ilves of those we serve. Event Income.. Thls year we recelved a remarkable £951,000 of evenl Income, reflectlng a growth of Individuals opting for experienlial fundralsing events. Participants ran marathons, jumped out of planes, and undertook challenging treks and walks, creating lifelong memories whlle supporting our cause. We are grateful for the enthusiasm and dedication of thase supporters, whose efforts have contributed slgnificantly to our fundralsing success. Cor orate Donations.. Corporates donated a fantastic £381,000 this year. This reflects the commitment of local businesses to support the Hospice's work despite a difficult economic landscape. We recognise the critical role they play in addressing societal needs and driving positive change and highlights a growing recognition among businesses of the relationship between corporate philanthropy and long-term business Sustainability. Trust Donations.. Trust donations are a growing source of funding for the Hospice, and this year, we were privileged to receive donations, tolalling £94,000. We were delighted and honoured to again receive a donalion from the Brian Conlon Foundalion. Donor Develo ment: Donations received in memory of a loved one totalled £168.000 whilsl Regular Givers raised £53,000. Gift Aid is an important revenue stream as it allows the Hospice to claim an additional 25 /0 of each donation amount from the government. This year Gift Aid donations generated £159,000 of income. We encourage all eligible donors to sign up for Gift Aid, helping us maximize the impact of their contributions. Southern Area Hospice Services Ltd Report of the Trustees Year Ended 31 March 2025 Lotte .' The Hospice's lottery program generated a notable contribution of £79,628 to the Hospice after all costs and prizes. This despite having slaff challenges to focus and develop lottery income. The table below Illustrates the main areas of fundraising income during the year. Income source Amount raised £OOO's. Community Fundraising Legacies Corporate Events Indlviduallregular donations Gift ald Trusts Lottery 1,076 214 381 951 53 159 94 79 To achieve such exceptional results 8mldst an extremely challenging and comp8titSve fundlng environment Is a testament to th8 unwavering commltment of our staff, volunteers, communlty, and corporate supporters. The Hospice extends Its slncere thanks to every Individual who has stood by our slde, demonslratlng their Incredible support. We are profoundly Indebted to every person who has played a role in our continued success. Communlcatlons The Communicatlons Team has been bedding down durlng the reportlng perlod. There have b88n some challenges du8 to changes withln the team. That said the need to Improve our communScations, and digital pr&sence remalns, and the Hosplce Is commltted to deliverlng on this so that we can reach more patients who need our servlces and grow our supporters. The maln Initiatives in the reporting period war8 the development of our new brand and webslte whlch are detailed below. Durlng thls year considerable evldence was provlded to th8 Health Commlttea who are conducting an Inqulry Into access to palliative care In N. Ireland. For the Hosplce, this included not only talking about the seNlces we provide bul also tha need to improve acc8SS to services. One of the key components of Improving access Is to substantially change the fundlng model that the Department of Health has with each Hosplce in N. Ireland. We have submitted a written submlsslon, hosted a visit for members of the Health Commlttee to visit us and given oral evidence. Tha Inquiry is expected to report in 2025. 12 Southern Area Hosplce Services Ltd Report of the Trustees Year Ended 31 March 2025 Brandlng and webslte We are deeply indebted to recelvlng funds from Dormant Assets Nl delivered by the National Lottery Community Foundalion to help us with this work under their Improving the sustainability of charities initiative. We appointed independent expert providers to work with us on reviewing our current brand and website. This involved significant consultation with the Board and then staff within the Hospice. External stakeholders were also consulted as well. The informatlon emerging from this confirmed we needed to significantly improve our web presence. and we needed a completely new brand to better posltlon us across our geographical area. On the 181 April 2025 the Board approved a name change and new logo- evora Hospice Care From the 181h June 2025 the tradlng name for Southern Area Hosplce Servles wlll be Evora Hosplce. The Hospice plans to change its legal name in the reporting perlod 2025-26. Work on tho embedding the new brand and webslte wlll contlnue Into the next reportlng perlod. Improvlng the Infra8truGture of the Hosplce The Capltal D8velopment Commlttee have d8veloped a roadmap to dellver on the strateglc Imparatlve of the Hospic8 (as set out In Its strategy 2023 - 2028) to Improve the accommodatlon of the inpalient unit to meet future ne8ds and expectations. During Ihe reporting period work has continued on the buslness cas8 to de18rmln8 the best option for the Hospice going forward. Key partners ISHSCT and Department of Health) are being kept informed and belng consulted as appropriate. On the 111 Aprll 2025 the Board consldered the updated busin8ss case and declded that havSng consldered all the informatlon and analysis that they should accept the updated business case in its entirety recognising that much more work needed to be done on thls. They agreed that we should now communicate to our internal and external stakeholders that we have the vlslon and ambition to build a new hospice in the Newry area. It was further agreed that an engagemenl period with stak8holders should now occur to ascertain vlews and opinions to shape and refina the Hospice's ambition. A feasibility study was also completed to understand what the scope and capability would be for a capital fundraising campaign. This reported that whilst there should be capability an ongoing assessment of the costs to deliver the preferred option vis-a-vis the ability to raise the funds is carefully monitored as the projects developed. The Board has agreed to appoint a senior resource to develop and deliver a capital income stralegy and to set up a new Committee of Ihe Board to provide strategic direction on funding and marketing. These matters will be taken forward in 2025-26. Strategic Plan 2023 - 2028 Year 2 During the reporting year, the Senior Leadership Team managed the implementation of actions planned for year two in the strategic plan agreed last year. The Strategic Plan covers a 5-year period from 2023 - 2028. The Hospice does not underestimate the challenge it faces in continuing to deliver this strategy, but it is fully committed to ensuring that specialist palliative care services are delivered to meet the growing need of the local communities. 13 Southern Area Hospice Services Ltd Report of the Trustees Year Ended 31 March 2025 In summary, the strategy has been designed to respond to the following key strategic drivers.. The increasing demand for palliative care services. in terms of the number of patients requiring palliative care and the extent of palliative care required. The growing complexity of cases and conditions belng cared for requiring more specialist input. The need for a service delivery model that is patient-centred with the flexibility to adjust how and where the care is delivered, according to individual patient's evolving needs and preferences. The need to bulld capacity and capability so that SAHS can provlde the same level of specialist care equally across all care settings and equally across the geographic region, The pressures on the availabllity of trained palliative care staff, and the nead to build reslllence withln staffing structures whi18 the labour pool is being developed. The pressures on funding, as a r8suIt of inflation and rising operating costs, as well as squeezes on funding sources. The Hosplce's strateglc alms within the strategy are: To develop Its delivery model into a wrap-around hollstlc service that can respond to patlent choice and seamlessly provide multl-disclpllnary care in an inpatient unlt, in the home or through community hubs, as required. To protect the unlque strengths that it has In Its speclallst palliatlve care skills and Inpatlent facilitles. To flrmly establlsh Its role as a leadlng provlder of speclalist palliatlve care services In Northern Ireland. A summary of the oblectives whlch have been achleved In Year 2 (2024-25) are Included In the table below,. K6 area Ob actlves achleved Achievement of designated body status Review of recruitm8nt & selectlon process & pollcy resultlng In reduced tim8 to hore Introductlon of successlon plannlng process Introduction of new performance appraisal process New Leadership Development program People Innovation and collaboratlon Revlew of Out of Hours nurslng service Inlroductlon of office vibe enabling measurement of employee engagement and peer to peer recognition Established a program of wellness events Technology Preparatory stages of EMIS project (new Medicine & patient managem8nt system) Improved reporting on donations and expansion of recorded donor base Completion of ne￿Ork upgrade and renewal of IT firewall security protection Income generation Revlew of investment strategy Several naw campaigns launched Communications Work completed on Brand & Website projects to be launched in Q12025126. Capital project Feasibility study completed and Business case refined 14 Southern Area Hospice Services Ltd Report of the Trustees Year Ended 31 March 2025 Flnancial revlew The financial statements are presented in the standard format required by Accounting and Reporting by Charities.. Stalement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), effective 1 January 2019- (Charities SORP (FRS 102)) and cover the activities of Southern Area Hospice Servlces Ltd and its subsidiary Southern Area Hospice Servffices Lottery Limited. The statement of financlal activities (SOFA) shows the gross Income from all the sources and the split of activity bel￿e&n restricted and unrestricted funds. Results The net operational deficlt for the financial year was £122,731, this was conslderably lower than our expected year end position. Total income for the year was below budget which led to a reported deflclt. This was mainly Impacted by a substantlal decrease in legacy Income along with a reductlon in the value of Investments following a period of global economic uncertainty. Costs were also slightly above budget Impacted by the Agenda for Change pay award for the year being hlgher than expected. Reserve8 Pollcy SAHS, pollcy is to contlnue to bulld reserves In order to rnalntain adequata cover for commltted expendlture and the running costs for a period equivalent to six months, operating costs and other obligations arislng from the implementatlon of the strateglc plan. It Is consld8red that slx months Is prudent In order to ensure contlnulty of servlce durlng any perlod of reduced Income. A Capital ReseNe to set asld8 funds to carry out Identified capltal prolects was establlshed by the Trustees In 2015, The CapStal Development and Infrastructure Committee las referenced above) is rasponslble for progressing capltal prolects,. the executlon of agreed plans wlll requlre a spend In the current year and thls work is underway. The Trustees have succeeded In maintalnlng reserves thls year to m8et commltted expenditure and the running costs of the charity for a period equivalent to 6 months annual expendlture. The Truslees believ8 that the period of 6 months is necessary In order that there is contlnulty of service and will continue to work in accordance with this policy. Legacle8 The Hosplce's Income from legacies decreased considerably from the previous year to £217,924. Due to its nature. legacy Income 15 difficult to predict. This has been disappointing, but work continues to be done to Improve the Hosplce's capability to maximlse this income stream. It Is recognised that before legacy Income Is likely to significantly increase developments are needed to pipeline prospective donors. Balance Sheot The cash posltlon of the group and the charity as of 31 March 2025 remained strong with £6,695,384 and £2,946,838 respectively held within investments and in the bank. (2024: £7,017,480 and £2,860,180 respectively). The Trustees are satisfied wlth the returns during the year given the economic environment. In accordance with the Investment Policy a proportion of available investment funds have been placed with Discretionary Fund Manager to avail of potentially improved returns than that currently available from cash deposits. The Resources Commillee continue to review the current inveslmenl strategy and policy. Taxatlon As a charity. the company can recover most tax deducted at source from its investment income and is not liable for corporation tax on its other income or on capital gains. Recovery is therefore made of tax credits and tax deducted from income received under deed of covenant or gift aid. 15 Southern Area Hospice Services Ltd Report of the Trustees Year Ended 31 March 2025 Future Plans 1. Strateglc Plan 2023 - 2028 At the time of reportlng Year 3- 2025126 objectives are agreed by the Board. Investment In People and Training: Strengthen the medical model in the Hospice to build resiliency and capacity to deliver specialist palliative care to meet the need. Thls year thls will include appolnting a new consultant and In addition having a Nurse Consullant fully trained and in post. Contlnue to enhance talent managem8nt across all teams In the Hospice to ensure approprlate succession planning, and improved development of em8rglng leaders, Innovation and Collaboration Expand community $6rvlces delivery to Include a hosplce at home model of care. This Is funding dependent and whilst we are keen to contlnue to explore this, we hav& not been able to dedicate or idenlify funds to do so. Continue to develop closer and seamless collaboratlons with the SHSCT to meet the n8ed8 of our patients. This wlll focus on progressing appropriate contractual arrangements with the relevant Trust departments. Enhance employee recognltlon. Develop staff Intranet to enhance Internal communlcatlon and Involvemanl of all staff across the Hosplce. Technology Implement an electronlc patSent managom8nt and prescrlblng systems. Strengthen database utillsation to Improve supporter Information to oplimlse Income from donors. Report on how Al technology could be used to improve capablllty In fundralslng and Implement recomm8ndatlons. Inpatient Unlt Continue to progress the capital Infrastructure project to address the deficlencles and restrlctlons In the InpatSenl Unit to meet current and future needs and provide an efficient work envlronment In terms of layout and running costs. ThSs wlll include working with supporters and other stakeholders to further develop the vision and ambition of dev81oping a new hospic8 in the Newry area. Fundlng Contlnue to manage investments to optimise yield In a changlng external context. Continue to grow revenue Income. Launch a new approach to regular giving. Recruit a resource to develop a capital income generatlon stratagy and to begln development and start income generation. Communications Deliver a communications plan to improve external and internal communlcations. Embed the new Hospice brand. Ensure delivery of the new and optimisation of new website. 2. Fundlng and Income Generatlon Like other health and social care organisations the Hospice continues to face increasing costs from pay parity as well as in other areas. many driven by the cost-of-living crisis and inflationary pressures. Considerable analysis has gone into the establishment of the budget for the year ahead and our future anticipated costs. We continue to be challenged on an annual basis to produce a positive operating budget, particularly so in the current year due to the new costs associated with the delivery of our strategic aims. We believe that this investment however will result in a more resilient service and drive increased income in future years. Despite planned increased investment in people & technology and the continuing need to maintain our ageing facility, a budget with a small surplus has been agreed this year. 16 Southern Area Hosplce Services Ltd Report of the Trustees Year Ended 31 March 2025 The Hospice's rellance on receiving substantial income from the public remalns unchanged. In the reporting year, we generated £1.08 million from our communities which is around 19 % of our total income. The amount we will need to generate in the current and future years is expected to increase. It Is clear that the costs to run the Hospice are growing at a faster rate than our income. Substantlal efforts have been made on all fronts to manage this and rapidly grow income. This work continues into 2025-26 when the impact of the continued rise In costs has considerable impact on the ambition of the Hospice to expand services. The Hosplce's comprehensive strategic plan includes a focus on reduclng rallance on conventional Income sources by dlverslfylng revenue streams. This involves the development of corporat8 SUPPOrt, S8eking to grow donations from charltable trusts, increasing future legacy donatlons and growing regular donatlons and continulng to maxlmlse returns from investments. Once agaln, we extend our heartfelt gratitude to everyone who supports Us- we simply cannot accomplish what we do wlthout your Invaluable support. Prlnclpal rl8k8 and uncartalntles Rlsk managamant Th8 Trustegs and Senlor Leadershlp Team Identlfy and actlvely manage the malor risks to whlch the charlty Is exposed. Thls Involv8S.' An ongolng revlew of the rlsks whlch the charlty May face. The assessment of the level of exposure presented by each Identlfied rl8k. The establishment of systems and procedures to rnitigate those rlsks. The Imp18m8ntation of procedures deslgned to mlnlmlze the Impact on the charlty should any of the rlsks materlallse. Major rlsks whlch have been Identlfied and dlscussed by the Trustees Include loss of reputatlon, perhaps due to adverse publlclty, leadlng to a fall In publlc confidence Sn the charlty and a consequent reductlon in voluntary income,. a short-term fall in the value of our Investment portfolio; and maintalnlng the hlghest securlty of our Information and syslems to prevent loss of data or funds. Further rlsks whlch have been heightened by the current economlc cllmate Include., a fall In Income, either voluntary through donatlons and fundraising because Ihe public has less capacity to give, through Insufflclent funding support from the Government or through declining donatlons from our subsidiary company., significantly Increasing costs, mainly related to increased staff and ralaled payroll costs. As reflected earlier in thSs report, actlons being taken to mitigate risk include: developlng alternative and innovatlve ways to generate Income., having a focus on closely managing costs,, a review of slaffing structur8S to build future resilience; review of our IT service provision, security and resilience, working in conjunction with our third party provlders who provide professional advice in this regard,. the ongoing review of processes and procedures to create efficlencias,. and the introduction of new inltiatives to improve the experience of our employees. The Trustees take all appropriate steps to moderate and manage the operalional risks to which volunteers, staff, and assets of Southern Area Hospice Services Ltd are exposed. The Audit & Risk Committee oversee the risk register which is regularly reviewed to ensure it reflects any potential risks related to the strategic plan. The Senior Leadership Team revlewed the format of the Risk Register and introduced a simplified less detailed format which enables risks and mitigaling actions to be more clearly identified. This has been approved by the Audit & Risk Committee and Board of Directors and is in use in the year 2025126. Having considered all the identified risks. the Trustees do not consider there to be a risk to the going concern status of the organisation. As is evidenced above. we continue to prudently adapt our ways of working and processes as required to best position the Hospice for the future. The Senior Leadership Team, in conjunction with Ihe Board, are constantly monitoring this. The Resources Committee considers the financial position regularly. 17 Southern Area Hosplce Services Ltd Report of the Trustees Year Ended 31 March 2025 statement of Trustees. Responslbllltle$ The Trustees (who are also Directors of Southern Area Hospice Services Ltd for the purposes of company law) are responsible for preparing the Annual report and the financlal statements in accordance with applicable law and regulation. Company law requires the Trustees to prepare financial statements for each financial year. Undar that law the Trustees have prepared the financial statements in accordance with United Kingdom Accounting Standards, comprising FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and applicable law (Unlted Kingdom Generally Accepted Accounting Practice). Under company law the Trustees must not approve the financlal statements unless they are satlsfled that they give a true and fair view of the state of the affairs of the charitable company and the group and of the Incoming resources and application of resources, including the Income and expenditure, of the charltabl8 group for that period. In preparing these financial statements, the Trustees are required to.. select suitable accountlng pollcies and then apply them conslstently., observe the methods and prlnclples In the Statement of Recommended Practice, Accounting and Reporting.. Accountlng and Reporting by Charities (2015)., make judgements and accounting estlmates that are reasonable and prudent., state whether appllcable UK Accountlng Standards, comprlslng FRS 102, have been followed, subject to any material departures dlsclosed and explained in the flnancSal statements., prepare the financial statements on the golng conc8rn basis unless it Is Inapproprlate to presume that tha charltable company will continue In op8ration. The Trustees are responslb18 for keeping adequate accounling records that are sufficlent to show and explaln the charitable company's transactions and dlsclose with reasonab18 accuracy at any tlme the financlal posltSon of the charitable company and the group and enabl8 them to ensure that the financlal statements comply with the Companles Act 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taklng reasonable steps for th8 preventlon and detectlon of fraud and other Irregularitl8S. 18 Southern Area Hosplce Services Ltd Report of the Trustees Year Ended 31 March 2025 Subsldlary undertaklngs The charity took over control of the Southern Area Hospice Services Lottery Limited at the start of 2015. These financial statements include Southern Area Hospice Services Lottery Limited, Exemptlons from dlsclosure The company has taken exemption from the requirement to produce a separate statement of financlal activities for the charity under seclion 408 and a charity cash flow statement as the results are included in tha consolidated statements, Funds held a$ custodlan trustees on behalf of othern Th8 charity holds no funds as custodian trustees on behalf of oth8rs. Statement of dlsclosura of Informatlon to audltor8 In the case of each Tru5teelDlrector In office at the date the Directors, r8POrt Is approved.. so far as the dlrector Is aware, thera Is no relevant audlt Informatlon of whlch the group and charltabla company's auditors are unaware., and they have taken all the steps that they ought to have taken as a dlrector In order to mak8 themselves aware of any relevant audlt Informatlon and to establlsh that the group and charitable company's audltor8 are awar8 of that Informatlon, Independent audltor8 The Board agre8d the appolntmenl of AAB Group Accountants LlmSted (prevlously FPM Accountants) for a further year havlng sought assurance from AA8 that they could provlde the services required and ascertained that the costs for this reflected the market. The Board have decld8d not to appoint an Internal auditor provider and have instead set up an assurance framework. Thls framework wlll enable the Hosplce to ensure expert providers are sourced for each aspect of the assurance framawork. Approval of the Trustees, Report, which constitute the Strateglc Report and the Directors, Report. By order of tha Board. P Loughran TrusteelDlrector Data.. 1•t July 2025 19 Southern Area Hospice Services Ltd Company Llmited by Guarantee Independent Auditor's Report to the Members Year Ended 31 March 2025 Oplnlon We have audited the group and parent charitable company financial statements of Southern Area Hospic8 Services Ltd for the year 31 March 2025 which comprises the consolidated Statement of Financial Activities, the consolidated and charity Balance Sheets, the consolidated cash flow statement and the notes to the accounts including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practlce). In our oplnlon the Southern Area Hospice Ltd's group flnanclal statements and parent charitable company financial statements.. give a true and fair view of the state of the group and parent charltable company's affairs as at year ended 31 March 2025 and of the group and parent charitable company's Incomlng resources and appllcation of resources, including its income and expenditure, for the year then ended. have b8en properly prepared in accordance wlth United Kingdom Generally Accepted Accountlng Practlce,, and hav6 been prepared In accordance wlth the r8qulrements of the Companles Act 2006. 8a818 for oplnlon We conductgd our audit In accordance with Int8rn8tlonal Standards on Audltlng (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further descrlbed in the Auditor's responslbllities for the audit of the accounts sectlon of our report. We are independent of the charlty In accordance with the ethical requirements that are relevant to our audit of th8 accounts in Ihe UK, Includlng the FRC'S Ethlcal Standard. and we have fulfllled our other ethlcal responsibllltl8s In accordance wlth th83e requlrements. We believe that the audlt evldence we have obtalned Is sufflclent and approprlate to provide basls for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the Trustees, use of the golng concern basls of accounting in th8 preparation of the flnancial statements is appropriale. Based on the work we have performed, we have not Identifled any material uncertalntles relatlng to events or conditions that, Individually or collectively, may cast significant doubt on the group and charity's ability to conlinue as a going concern for a perlod of at least twelve months from when the financlal statements are authorlsed for issue. Our responsibilities and the responslblllties of the Trustees wlth respect to going concern ara described in the relevant sections of this report. Other Informatlon The other information comprises the information included in the annual report, other than the accounts and our auditor's report. The Trustees ar8 responsible for the other Information. Our opinion on the accounts does not cover the other information and, except to the extent otherwise 8xplicitly stated in our report, we do not express any form of assurance conclusion thereon, In connection with our audit of the accounts, our responsibility is to read the other informatlon 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 to be materially 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 misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 20 Southern Area Hospice Servlces Ltd Company Limited by Guarantee Independent Auditor's Report to the Members Year Ended 31 March 2025 Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the Trustees Report for the financial year for which the accounts are prepared is consistent with the accounts., and the Trustees, Report has been prepared In accordance with appllcable legal requirements. Matters on whlch we arn requlred to report by exceptlon In the light of the knowledg8 and understanding of the Trustees and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees Report. We have nothlng to report in respect of th8 followlng matters in relatlon to whlch the Companles Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or the accounts are not in agreement with the accounting records and returns., or certaln disclosures of trustees, remuneration specified by law are not made; or we have not recelved all the information and explanatlons we require for our audlt, Responslbllltl•s of Tru8tee8 As explalned more fully in the Statement of Trusteos Responsibllilies, the Trustees are responsible for the pr8paration of the accounts and for belng sallsfi8d that they glve a true and fair view, and for such internal control as the directors determlne is necessary to enable the preparatlon of accounts that ar8 free from material mlsstatement, whether due to fraud or error. In preparlng the accounts, Ihe Trustees ar8 responslble for assesslng the charity's ability to continue as a going concern, dlsclosing, as applicable, matters related to going concern and using the going concern basis of accountlng unless the Trustees elther Intend to Ilquidate the company or to cease operatlons, or have no reallstlc alternative but to do so. Audltorfs ra8pon8lbllltle8 for the audlt of the flnanclal 8tatement8 Our objectives are to oblaln reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to Sssue an auditor's report that Includes our oplnlon. Reasonable assurance Ss a high level of assurance, but is not a guarantee that an audlt conducted In accordance with ISAS (UK) will always detecl a materlal mlsstatement when il exists. Misstatements can arlse from fraud or 8rror and are considered material If, individually or In the aggregate, they could reasonably be expected to Influence the economlc declsions of users taken on the basls of these accounts. Irregularities, including fraud, are Instances of non-compllance wlth laws and regulations. We design procedures in line with our responsibiliti8s, outlined above, to detect material misstatements in respect of Irregularities, including fraud. The extent to which our procedures are capable of delectlng Irregularities, Including fraud, is detailed below. We obtsined an understandlng of the legal and regulatory framework applicable to the company through enquiry of management, sector resaarch and the application of cumulative audit knowledge. We identified the following principal laws and regulations re18vant to the company- Companies Act 2006, Charities Act {Northern Ireland) 2008 and the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicab18 in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). 21 Southern Area Hosplce Services Ltd Company Limlted by Guarantee Independent Auditor's Report to the Members Year Ended 31 March 2025 We developed an understanding of the key fraud risks to the entity (including how fraud might occur), the controls in place to help mitigate those risks, and the accounts. balances and disclosures within the financial statements which may be susceptible to management bias. Our understanding was obtained through review of the financial statements for significant accounting estimates, analysis of journal entrles, walkthrough of the key controls cycles in place and enquiry of management. Our procedures to respond to those risks Identified included, but were not Ilmited to: Enqulry of management, and the entity's solicltors around actual and potential litigation and clalms. Enquiry of management to identify any instances of non-compliance with laws and regulatlons. Reviewing mlnutes of meetings of those charged with governance, Reviewing financial statement dlsclosures and testing to supporting documentation to assess compllance wlth applicable laws and regulatlons. Auditlng the rlsk of management override of controls, Including through testlng journal entries and other adjustments for appropriaten8ss, and evaluating the buslness rationale of signiflcant transactions outslde the normal course of business, A further description of our responsibilities for the audlt of the accounts is located on the Flnancial Reporting Council's website at: hll ..Ilwww.frc.or .uklauditorsres onsibilities. Thls description forms part of our audltorfs report. This report is made solely to the charitable company's members, as a body, in accordance wilh Chapter 3 of Part 16 of the Companies Act 2006 and regulations made under that Act. Our audit work has been undertaken so that we might stale to the charitable company's members those matters we are required lo state to them In an auditors, report and for no other purpose. To the fullest ext8nt permitled by law, w8 do not accept or assume responsSbillty to anyone other than the charitable company and Its members as a body, for our audlt work, for thls report, or for the opinlons we have formed. ( e/eJ6 ( Teresa Campbell (Senlor Statuto For and on behalf of AAB Group Chartered Accountant8 Statutory Audltors Audltor) ccountants Llmlted Dromalane Mlll The Quays Newry Co. Down BT34 8QS Date: 1•t July 2025 22 Southern Area Hospice Servlces Ltd Company Limited by Guarantee Consolldated Statement of Financial Actlvltles Year Ended 31 March 2025 Notos Unrostrlcted Funds Restrlcted Funds Total Year 2025 Tolal Year 2024 Incom8 from: Charltable Actlvltlos Gr8nl Income 1,821,536 208,538 2.030,074 2,104.789 Donatlon8 and Legacle8 Sundry Incom8 Gifts and Donations Gift Aid Legaci8S Fundraising Income 73,149 4,808 90,345 217,924 2,923,881 13,707 86,856 4,808 90,345 217,924 2,954,081 101,283 6,642 111,135 713,174 2,594.468 30,200 Invo8tmant Incom• Bank Interest Recelvab18 287,985 287.965 230,154 Other Tradlng Actlvltla8 Comm8rcl81 Tr8dlng Operatlons 153,783 153,783 160,009 Total Income 5 573 391 5 825 836 6 021654 Expendlture on., CostJ of Ralslng Fund8 Gen8r81 Fundralsing and Publicity Costs Commercial Trading Op8ralions 764,308 78,963 764,308 78,963 681,241 85,495 Charltablo Actlvltl88 Delivering Hospice Servlc8S 4,838,465 252,006 5,090,471 5,089,812 Total Expendlturo 5 881736 252 006 5 933 742 5 858 548 Not (1089) I galn on Investmonl (14,825) (14,825) 54,539 Nèl (Exp&ndlturo} I Incomo (123,170) 439 (122,7311 219,645 Transfers Be￿een Funds Net Movoment In Funds 123 170 439 122 731 219 645 Roconclllallon of Funds Total Funds Brought Forward at 1 April Total Funds Carrlad Fo￿ard 10,374,178 10,251,006 39,804 40,243 10.413.980 10,291,249 10,194,335 10,413,980 18 The notes on pages 27- 41 form part of these financial statements. The results relate to continuing activlties. The company has no recognised gains and losses other than those included above and therefore no separate statement of total recognlsed gains and losses has been presented. 23 Southern Area Hospice Services Ltd Company Limited by Guarantee Consolldated Balance Sheet Year Ended 31 March 2025 2025 2024 Notes Flxed asset8 Tangible Assets Investments 1,311,798 1,372,027 2,683,825 1.280,488 873 317 2,153,805 12 Current assot8 stocks Debtors Investm8nts C88h at Bank and In Hand 13 14 15 24,226 197,912 5,323,357 2 946 838 8,492,333 30,674 175,691 6,144,183 2 860 180 9,210,708 LSabllltl88 Credltor8.' Falllng du8 wlthln one year 18 1884,9091 1950.5331 N8t Current Ass8ls 7,807,424 8,260,175 Total Assets1os• Curront Ilabllltle8 10,291,249 10,413,980 Net a8•el8 10 291249 10413980 Group Fund8 employed Restricted Funds Unr8strlct8d Funds 18 18 40.243 10,251,006 10291249 39,804 10,374,176 10 413980 The flnanclal statements were approved and aulhorised for Issue by the Board of Trustees on the 141 July 2025 and were signed on Its behalf by: P Lough Dlrector D Hou8ton Dlrector Company Registration., N1038737 The notes on pages 27 - 41 form part of these flnancial statements. The results relate to continulng activities, 24 Southern Area Hosplce Services Ltd Company Llmited by Guarantee Charlty Balance Sheet Year Ended 31 March 2025 2025 2024 Flxed Assets Tangible Assets Investments 1,311,798 1372 027 2,683,825 1,280,488 873,317 2,153,805 12 Curronl A8Set8 Stocks Dèbtors Investments Cash 81 Bank and In Hand 13 14 15 23,561 273,514 5,323,357 2 821,580 8,442,012 30,499 217,076 6,144,163 2,754 003 9,145,741 Llabllltl•J Crèdllors.. Falllng duè wllhln on8 yèar 16 1841 ,974} 1892,926) Nal Currènt A8sat• 7,600,038 8,252,815 Total A•8Ot81•88 Currènt Ilabllltlas 10,283,863 10,406,620 Nat as8•t8 10 283 863 10406620 Fund8 ernploy•d Reslricled Funds Unreslrlcled Funds 18 18 40,243 10 243620 10 283 863 39,804 10 366 816 10 406 620 The financial statements were approved and authorlsed for Issue by the Board of Trustees on the 1•1 July 2025 and were slgned on Its behalf by., P Loughr Dlrector J£¥tok*) N" D Houston Dlrector Company Reglstratlon., N1038737 25 Southern Area Hospice Services Ltd Company Limited by Guarantee Consolidated Statement of Cash Flow Year Ended 31 March 2025 2025 2024 Notes 26 Cash used In Operatlng Actlvltle8 (403,234) 784,216 Cash flows from Investlng Actlvltles Interest Incom8 Purcha88 of Tangible Fixed Assgls Purchase of Inv8slm8nts Cash used In Inv6sling Acllvitles 287,965 (105,344) 307,271 489,892 230,154 (114,0421 1779,142) (663,030) Increase In Ca8h and Cash Equlvalent8 In Iho year Cash and Cash Equlvalents at the beglnnlng of tha yaar Total cash and cash equlvalonts at the end of the year 86,658 2 860 180 2 946 838 121,186 2 738 994 2 860180 Cash and Cash Equlvalents at the end of the reportlng perlod 2 946 838 2 880180 26 Southern Area Hosplce Servlces Ltd Company Llmlted by Guarantee Notes to the Financial Statements Year Ended 31 March 2025 1) Accountlng Pollcles The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: a) Basls of preparatlon The financial statements have been prepared In accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice appllcable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102), the Financial Reporting Standard applicable In the UK and Republlc of Ireland (FRS 102) and the Companies Act 2006. Southern Area Hospice Servlces Ltd meets the definition of a public benefit entlty under FRS 102. Assets and Ilabllitles are Inltially recognlsed at historical cost and transaction value unless otherwis8 stated in the relevant accountlng policy notes. b) Preparatlon of the accounts on a golng concern ba818 The financlal statements are prepared on a going concern basis. Taking account of tha rlsk revlew undertaken by the dlrectors they do not consider there to be a risk to the going concern status of the charlty or the group. The Dlrectors wlll revlew the flnancial posltlon on a regular basis, taklng any action needed to 8nsure that charity remalns flt for purpose and on thls basls the assessment of the dlrectors Is that the charlty Is a golng Concern. c) Group flnanclal 3tatement8 The flnancial statements consolidate the results of the charity and Its subsldlary Southern Area Hospice Servlces Lottery Llmited. d) Incomlng Re8ourco8 Income is recogni58d when the group has entitlement to th8 funds, any performance conditions attached to the items of income have been met, it Is probable that Ihe Income wlll be received and the amount can be measured reliably. The specific basis used is as follows.. Government Grants Revenue grants are credited to Incomlng resources on the earller date of when they are recelved or when they are receivable, unless they relate to a specified future period, In which case they are deferred. Donations Voluntary income received by way of donatlons, glfts and gift ald to the charlty is Included in full In the Statement of Financial Activities when received. Commercial/ Trading Income Trading income represents the involced value of goods supplled during the year. Revenue Is recognlsed upon provision of the service to the customer. 27 Southern Area Hospice Servlces Ltd Company Limlted by Guarantee Notes to the Financial Statements Year Ended 31 March 2025 1) Accounting Pollcles- (contlnued) Fundraising incom8 Fundraising income is included in the Statement of Financial Activities when recelved, unless it is for a specific event in which case it is deferred to the timing of the event. L8gacies Income from legacles Is recognlsed when there is evidence of entitlement to the legacy, receipt is probable and its amount can be measured reliably, Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the group has been notlfled of the executorfs intentSon to make a distributlon. Whare legacies have been notified to the group, or the group Is aware of granting of probate, and the crlteria for income recognition have not been met. then th8 legacy Is treated as a contlngent asset and disclosed if material. Investment income Income from Investm8nts Is Included, together wlth the related tax credits, In the Stat8mant of Flnancial Actlvilies on an accruals basis. e) Re8ource8 Expended Expenditure Is recognised once there Is a legal or constructlve obllgatlon to make a payment to a Ihlrd party, it is probable that settlement will b8 required and th8 amount of the obligation can be measured rellably. All oxpenditure is accounted for on an accruals basis and has been classlfied under headings that aggregale all costs related to the category. Where costs cannot be dlrectly attrlbuted to partlcular headings they hav8 been allocated lo activities on a basls consistent with use of the resources. Staff costs are allocated to actlvltles on the basis of time spent on those activities. Costs of Raising Funds These are costs assoclated wlth atlractlng voluntary Income and, as such, Include the cost of produclng advertising and publicity materials, the direct cost of fundralsing events and salary costs. Charitable activilies These are costs Sncurred In provldlng medlcal and care servlc8s and facilltles wlthln the Hospice and, as such, Include primarily th8 Cost of medical supplies and staff costs, Pension costs The group contributes to a deflned contrlbutlon scheme on bahalf 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 Statament of Financial Activities in the period to whlch they relate to. Governance costs Governance costs include those Incurred In the govarnance of its assets and are assoclated with constitutional. statutory and strategic requir8m8nts. Support Costs Support costs include the central office functlons such as general management, payroll admlnlstration, budgeting and accounting, information technology, human resources and financing. These have been allocated to charitable activities, costs of raising funds and governance costs on a basis consistent with the use of these resources. 28 Southern Area Hosplce Services Ltd Company Llmited by Guarantee Notes to the Financial Statements Year Ended 31 March 2025 1) Accountlng Pollcl85- (continued) fl Fund accountlng The group has various types of funds for which it is responsible and whlch require separate disclosure. Definitions of the various types of funds are as follows.. Restricted funds Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure whlch meets these criteria Is identified to the fund, together with a fair allocation of overhaad and support costs. Unrestricted funds Unrestricted funds are donations and other incoming resources recelved or generated which are expendable at the discretion of the charity in the furtherance of its objectives. Designated funds Designated funds comprlse a capltal reserve that has been allocated to meet future capital requirements, g) Oparatlng l•ases Where assets are acqulred under finance leases. the capital element of the asset is included In fixed assets and amortised over the life of the asset. The outstanding capStal element of the leaslng obllgatlon Is Included in credltors falling due. The interest element is written off ov8r the prlmary period. All oth8r leases are accounted for as operaling leases and the rental charges are charged to the statement of flnanclal actlvities on a stralghl Ilne basss over the Ilfe of the18888. h) Tanglble flxed asset8 Depreciationls calculated to write off the orlgSnal cost less the expected resldual value of the assets over thelr eslimat8d useful lives at the following annual rates:. Bulldings: Fundraising Office Additions to day-care centre Freehold Hospice Buildings Flxtures & Fittings Equlpment Fixtures, fittings and equipment Motor Vehicles 100/0 Straight Ilne 40/0 Straight line 1.5 % straight line 209/0 reduclng balance 20fi/o reduclng balance 200/0 reducing balance 250/0 Straight line Land is not depreciated. When the recoverable amount of a fixed asset is found to be below its net book value, the asset is written down to the recoverable figure and the loss on impalrment Is recognised in the Statement of Financial Activities. Tha carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying valua may not be recoverable, l) Investments Listed investments are stated at market value, on the basis of th8 middle market prlce at the close of business. Whilst day to day management of the investment portfolio is carried on by experienced. registered investment managers (currently Brewin Dolphin) the ultimate control and responsibility rests with the Trustees. 29 Southern Area Hospice Services Ltd Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2025 1) Accountlng Pollcles- {contlnued) J) Debtors Trade and other debtors are recognlsed at the settlement amount due after any trade discount offered. kl Cash at bank and In hand and currant a88at Investments Cash and cash equivalents includes cash in hand, deposlts held at call with banks. other short-term highly liquid investments with original maturitles of three months or less and bank overdrafts. Bank ovardrafts, when applicable, are shown within borrowSngs in current Ilabilities. Deposits with original maturities of greater than 3 months are shown as current asset or fixed asset investments depending on the data of maturity, l) Credltor8 and provlslon8 Creditors and provlsions are recognlsed where the charity has a present obligation resulting from a past event that will probably result In the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated rellably. Creditors and provisions are normally recognlsed at their settlement amount aft8r allowing for any trade discounts due. m) Stocks Stocks are stated at the lower of cost and net reallsable value. At each balance sheat date, stocks are assessed for Impalrm8nt. n) Fornlgn currèncy Foreign currency transactlons are translated Into the functlonal currency uslng the spot 8xchange rates at the date of the transactlons. At each perlod end forelgn currency mon8tary Items are translated uslng th8 closlng rate. Non-monetary Items measured at hlstorical cost are translated using the exchange rate at the date of the transaclSon and non-monetary Items measur8d at fair value are measured using the exchange rata when falr value was determSned. Forelgn 8xchange galns and losses resulting from the settlement of transactions and from the translatlon at period-end 8xchang8 rates of monetary assets and liablllties denomlnated In foreign currencies are recognlsed In the Statement of Financlal Activltles. Forelgn exchange galns and losses that relate to borrowing and cash and cash equivalents are recognlsed In the Statement of Flnanclal Activities, 0> Flnanclal In8trumant$ The Charity has elected to apply the provisions of Sectlon 11 'Baslc Fln8nGial Instruments, and Sectlon 12. Other Financial Instruments Issues, of FRS 102 to all of its financial Instruments. Financial instruments are recognised In the Charity's balance sheet when the Charity becomes paty to the contractual provlslons of the instrument. Financlal assets and liabilities are offset, the net amounts are presented in the financial statements, when there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net basis of to realise the asset and settle the liability simultaneously. 30 Southern Area Hosplce Services Ltd Company Llmlted by Guarantee Notes to the Financial Statements Year Ended 31 March 2025 1) Accountlng Pollcles- (contlnued) o) Flnanclal Instruments ctd.... Basic financial assets Basic financial assets are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective inlerest method, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised, Basic financlal liabllities Basic financial liabillties are initially recognised at transaclion price unless Ihe arrangement constitules a financing transaction, where the debt instruments is measured at the present value of the future payments discounted at a rnarket rate of Interest. Flnancial liabilities classified as payable within one year are not amortised. Debt Instruments are subsequently carrled at amortlsed cost, uslng the effectlve Interest rate melhod. Trade creditors are obllgatlons to pay for goods or servic8S that have been acquired In the ordinary course of operations from suppllars. Amounts payable are classified as current liabilities If payment is due within one year or less. If not, they are presented as non current liabilities. Trade creditors are recognised inltially at transaction prlce and subsequently m8asured at amortlsed cost using the effectlV8 interest method. Derecognitlon of financlal Ilabllltles Financial liabilities are deracognlsed when the Charlty's contr8Ctual obligatlons explre or are dlscharged or cancelled. p) Employee Beneflt$ The costs of short-term employee benefits are recognised as a Ilability and an expense, unless those costs are required to be recognised as part of the cost of stock or flxed assets. The cost of any unused holiday entltlament Is recognlsed In the perlod In whlch the employee's services are received. Termlnation beneflts are recognlsed Immedlately as an expense when the charlty Is demonstrably commStted to terminate the employment of an employee or to provlde termlnatlon benefits. q) Exemptlons under FRS 102 The Charity has taken advantag8 of the following ex8mptlon: from preparing a cash flow statemant, on the basls that It Is a qualifylng entlty and the consolidated ststement of cash flow Includes the Charity's cash flows. r) Exemptlons under Companles Act 2006 The Charity has taken advantage of the following exemption: from preparing a Statement of Financial Activities on the basis that the Consolldated Statement of financial activities in includes the Charity's Statement of Financial Activities. The deficit of the charity at 31 March 2025 was £122,731. 31 Southern Area Hospice Services Ltd Company Limited by Guarantee Notes to the Financlal Statements Year Ended 31 March 2025 1) Accountlng Pollcles- {contlnued) 8) Crltlcal accountlng estlmates and Judgemants In the application of the Charity's accounting policles, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associaled assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlylng assumptlons are revlewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate Is revised where the revision affects only that Period, or In the period of the revislon and future periods where the revision affects both current and future periods. Criticaljudgements in applying the entity's accounting polici8S There are no critlcal judgements In applyin9 the group's accounting policies. Critical accounting estimates 8nd assumptions Income from legacies is recognised when there is evldence of entltlement, recelpt Is probable and Its amount can be measured reliably. Cost allocatlon Is an accounting estimate that is recognised in line with the accounting pollcy Note 1 e. Depreciation is an accountlng estimate that is recognised in line with the accounting pollcy Note 1 h. 2) Legal Statu8 of the Charlty The charity Is a company limited by guarantee and has no share capltal. The Ilablllty of each member In the event of wlnding up is Ilmlted lo £1. 3) Income from Charltable Actlvltle8 Rostrlctod Unre8trlctod 2025 Total 2024 Total Dapartm8nt of H8alth - G8n8ral Funding Other Government Grant Income 1,821,536 1,821,536 208,538 2 030 074 1,747,278 357511 2 104,789 208 538 208 538 1821538 The 2025 Income total of £2,030,074 was split between £1,821,536 unrestricted and £208,538 restricted. Other Government Grant Income.. Thls Income is mainly income from the Cancer Charlties, Support Fund. It is restrlcted as It can only ba used for the purposes indicatgd in the grant application. 32 Southern Area Hospice Services Ltd Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2025 4. Income from other tradlng actlvltles The trading subsidiary of the charity, Southern Area Hospice Services Lottery Limited Is incorporated in the United Kingdom (company number N1035958) and pays a large proportion of their profits to the charity under the gift aid scheme. Southorn Aroa H08plce Servlco5 Lottery Llmlled 2025 2024 Turnover Donations Other op8rating income Expenditure Donation to tha Hosplca Corporation tax charge Nel Profit 153,783 4,808 160,009 6,642 178,9631 (79,6281 185,495) {81,150) Aggregate Share capital and re8erve8 7,356 5. Investmont Incom• 2025 2024 Interest recelvable ILos81 l Galn on Invgstments 287,965 230,154 273 140 284 693 6. Charltablo A¢tlvltle8 . D•llverlng Hosplce Servlces Ro8trlcled Unrestrlctod Fund8 Funds 2025 2025 Total 2025 Ro8trlcted Funds 2024 Unrestrlcted Fund8 2024 Total 2024 Staff costs Insurance Llghl & H8at Housekeeping costs Food and Medical Supplies Repalrs and Malnl8nanc8 Recruitment Expenses Olh8r Exp8rb5es Tralning Costs Depreci81ionllmpairment Loss on Disposal Volunteer Costs Governance costs Rates Support costs (note 8) 225,062 3,350,013 3,575,075 360.163 3,083,664 56,328 98,838 32,712 114,832 59,787 15,738 3,840 8,325 393,200 1,149 1,517 9,996 3,443,827 56,328 98,838 32,712 114,832 59,787 16,035 13,483 8,325 405,221 1,149 1,517 9,996 76,866 36,451 111,302 72,368 13,056 12,214 12,331 43,616 1,480 5,030 76,866 36,451 117,451 72,368 13,056 12,214 12,331 49,377 1,480 5,030 6,149 297 9,643 5,761 12,021 6,753 1,096,985 4,838,465 6,753 1,112,019 5,090,471 15,034 252,006 42,825 424 949 785,137 4 664,863 827,982 5,089,812 Restricted Funds expenditure - see note on Restricted Funds income under note 3. 33 Southem Area Hospice Services Ltd Company Limlted by Guarantee Notes to the Flnanclal Statements Year Ended 31 March 2025 7. Cost8 of Ralslng Funds Restrlcted Unrostrlctod Funds Funds 2025 2025 Total 2025 Rastrlcted Funds 2024 Unrestrlctod Funds 2024 Total 2024 Staff Costs Fundraising Expenses Light & Heal R8pairs & Maintenance Rate8 T8lephon8 Stalion8ry and Adv8rtislng Support Costs (note 81 495,620 252,863 495,620 252,863 428,986 185,610 4,129 6,041 1,182 16,184 5,472 428,986 185,610 4,129 6,041 1,182 18.425 5,832 2,241 360 15,825 784 308 15,825 764 308 678 640 681241 8. Support Costs 8asl8 01 Allocatlon Goneratlng Fund8 Dellvorlng Hosplce 8oNlce8 2025 Staff costs oth8r Staff Costs Repairs and Renewals Recruitment Flnancing Tralning Costs Legal and Prof6sslonal Co818 Depreciation Rates Insuranc8 T91ephona Advertlslng Gèneral Admirbislration Staff TlmelU8age staff Tlmelusage Floor Space staff CoslslU58g8 Actual Staff Tlmelusage Usage Usage Usage Usag8 Usage Usag8 Usage 774,485 11,494 4,542 32,500 7,794 3,316 27,858 23,177 3,158 55,173 15,883 33,309 119,330 1 112019 774,485 11,494 4,542 32,500 23,619 3,316 27,858 23,177 3,158 55,173 15,883 33,309 119,330 1127 844 15,825 Ba818 01 Allocallon Gongratlng Funds Dellverlng Hosplce Servlco8 2024 Staff costs Other Staff Costs R8pairs and Renewals R8crultm8nl Financing Training Costs Legal and Professional Costs Depreciation Gen8ral Administration Staff TimelUsag8 staff Timelusage Floor Space Staff CoslslU8age Actual Staff Timelusage Usag8 Usage Us8ge 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 96,437 858,998 12,610 18,426 31,036 827 962 Southern Area Hosplce Servlces Ltd Company Llmlted by Guarantee Notes to the Financlal Statements Year Ended 31 March 2025 9. R8sults for the year Group Charlty 2025 2024 2025 2024 Thl$1s stated after chargSng: Staff costs (nol8 10) Audit f88s - external Accountancy Servlc85 D8preciation I Impaimient 4,541,957 15,000 6,150 72,554 4,562,758 11,500 4,515,131 13,500 6,150 72,554 4,526.857 10.000 427,021 427,021 The deficit of the charity for the year was £122,759 (FY24 Surplus £219,639). 10. Employ98 Informatlon Group Charlty 2025 2024 2025 2024 Wag8s and s81arles Social securoty costs Other pension costs 3,796,072 363,282 382,602 4 541956 3,908,905 334,535 319 318 4 562 758 3,773.006 360,915 381209 4 $15131 3,873,004 334,535 319 318 4 526 857 The average number of persons employad by the company (excludlng Dlrectors) durlng the yaar, by activlty, was as follows.. Group Charlty 2025 36 67 16 119 2024 33 58 15 106 2025 35 67 16 118 2024 32 58 15 105 Support Staff and Fundr81slng Direct Care Staff Catering and Housekeeping The number of employees whos8 emoluments exceed £60,000 ware.. 2025 2024 £60,001- £70,000 £70,001- £80,000 £80,001- £90,000 £90,001- £100,000 Over £100,000 For the four members of staff whose emoluments exceed £60,000, pension contrlbutlons amounting to £35,265 (2024: £51,167) were paid towards a defined contribution pension scheme. Indemnlty Insurance for directors, Ilability was purchased by the charity for £2,293 (2024: £1,875). The total employee payments, 8xcluding employers pensions. of the key management personnel of the group was £271.585 {2024'. £290,445). No charity Trustee received payment for professional or other services supplied to the charity (2024: £nil). 35 Southern Area Hospice Services Ltd Company Limited by Guarantee Notes to the Financial Statements Year Ended 31 March 2025 11. Tanglble Flxed Assets Group Land & Bulldlngs Flxtures & Flttlngs Equlpment IT Equlpment Motor Vehlcle8 Total Cost Al 1 Aprll 2024 Additions Disposals At 31 Mar¢h 2025 2,034,391 59,978 523,384 3,051 678,478 24,965 4,500 698 943 91,983 17,350 39,704 3,367,940 105,344 4.500 3 468 784 2 094 389 526 435 109 333 Accumulatod doproclallon At 1 Aprll 2024 Charg8 for the period Imp8irment Depr8ciation on disposal At 31 March 2025 972,565 26,616 470,052 10,870 575,456 20,021 32,415 12,307 36,964 2,740 2,087,452 72.554 3,020 2 156986 999 181 480 922 592 457 Net book amount At 31 March 2025 1095188 106 486 1 311798 Al 31 March 2024 1061826 103 022 1280 488 Charlty Land & Bulldlngs Flxtures & Flttlngs Equlpmont IT Equlpment Motor Vehlclo8 Total Co•t At 1 Aprll 2024 Addillons Disposals At 31 March 2025 2,034,391 59,978 523,384 3,051 678,478 24,965 91,983 17,350 39.704 3,367,940 105,344 2 094 369 526 435 698 943 109 333 3 468 784 Accumulatod depreclallon At 1 April 2024 Charge for th8 perlod Impairment Depr8clallon on dlspo881 At 31 March 2025 972,565 26,616 470,052 10,870 575,456 20,021 32,415 12,307 36,964 2,740 2,087,452 72,554 3,020 592 457 3,020 2 156 986 999 181 480 922 Nat book amount At 31 March 2025 1095 188 106 486 1 311798 At 31 March 2024 1061826 103 022 1280 488 At 31 March 2024 the entity's18nd and buildings were independently revalued by CBRE resulting in an impaiment loss. The company impaired ils building assets from the original cost £1,972,566 to £1,000,000. Th8 carrying amount before Impairment was £1.348,595, resulting in an impairment loss of £348,595. The board completed a review for the year ènded 31 March 2025 and no material changes have arisen. 36 Southern Area Hospice Services Ltd Company Limited by Guarantee Notes to the Flnanclal Statements Year Ended 31 March 2025 12. Investments Group and Charlty Cash Deposlts Investment In Equltles Tolal Cost At 1 April 2024 Addillons Transferred to current assets Fair Value ProfiV(Lo881 Dlsposals At 31 March 2025 368,197 13,535 505,120 500,000 873,317 513,535 114,825) (14,825) 381732 990 295 1372 027 Long term Investments, whlch Include monles In d6poslt accounts of £381,732 (2024: £368,197) which are due to mature in greater than 12 months and equlty investments £990,295 (2024.. £505,120), are held withln the United Kingdom and exist primarily to provide an investment return for the group. At the end of each Investment term the monles r8celv8d are expected to be r8lnvested In further Investment opportunities for th8 benefit of tho group. 13. stock3 Group Charlty 2025 2024 2025 2024 Consumables 14. Debtor8 Group Charlty 2025 2024 2025 2024 Trade Debtors Amounts owed by sub81di8ry undertakings Other debtors Prepaymènts and 8ccru8d Incom8 50,922 82,573 48,879 79,600 80,355 45,533 86,309 54,428 86,309 58,726 273 514 54,423 36,785 217 076 197 912 175 691 Amounts owed by subsidiary undertakings are unsecured, interest free and are repayable on demand. 15. Current Asset Investments Group Charlty 2025 2024 2025 2024 Short Temi Deposits 5,323,357 5 323 357 6,144,163 6 144 163 5,323,357 5 323 357 6,144,163 6 144 163 Currenl asset investments relate to monies held in short term deposit accounts and are due to expire within one year. 37 Southern Area Hosplce Servlces Ltd Company Llmlted by Guarantee Notes to the Financlal Statements Year Ended 31 March 2025 16. Credltors: amounts falllng due wlthln one year Group Charlty 2025 2024 2025 2024 Trade Credltors Other taxation and social security Accruals and d8f8rr8d Incom8 Other creditors 73,786 85,303 670,333 55,487 884,909 72,296 111,767 709,585 56,885 950 533 66,080 85,303 661,606 28,985 841,974 67.643 111,767 701.405 12,111 892 926 17. Flnanclal Instruments Group Charlty 2025 2024 2025 2024 Falr value through proflt or1088 Flxed asset Investment8 990,295 990 295 505 120 505 120 990,295 990 295 505 120 505 120 Flnanclal a88Oti hold at amort58ed c08t Cash al bank and In hand Trade debtors Olh9r debtors Investment In short leTm depaslts Investment in long term deposits 2,946,838 50,922 146,990 5,323,357 381 732 8 849 839 2,860,180 82,573 93,118 6,144,163 368 197 9 548 231 2,821,580 48,879 145,035 5,323,357 381317 8 720 188 2,754,003 80,355 93,115 6,144,163 368 197 9 439 833 Flnanclal Ilab115tlo0 hold at amort18ed cost Trade creditors Other creditor8 Accruals and d8f8rr8d Incom8 73,786 140,790 670 333 884 909 72,296 188,652 709 585 950 533 66,080 114,288 661606 841974 67,643 123,878 701405 892 928 18. Analysls of Charltable fund8 Analys1• ol mov•m•nls In funds Group Balance 1 Aprll 2024 IncomSng resource8 Expondod funds {Lo88) on Investment8 Tran•for8 Balance 31 Mar¢h 2025 Ro8trlctod Funds 39,804 252,445 (252,006) 40,243 De8lgnaled funds Capital reserve 7,561.792 7,561.792 Genoral funds 2,812,384 5,652,991 (5,761,336) (14,8251 2,689,214 Total funds 10 413 980 5 905 436 6013342 10 291 249 38 Southern Area Hospice Services Ltd Company Limited by Guarantee Notes to the Flnanclal Statements Year Ended 31 March 2025 Charlty Balance 1 Aprll 2024 Incomlng resources Expendod funds (Loss) I Galn on InvestmantB Transfor8 Balance 31 March 2025 Ra8trlcted Funds 39,804 252,445 (252,006) 40,243 Da81gnatod funds Capital r8sèNe 7,561,792 7,561.792 Gonoral fund• 2,805,024 5,494,401 (5.602,772} 114,825) 2,881,828 Total lund8 10406620 5 746 846 5 854 778 10 283863 Capltal Reserv6 - The Board has declded to allocat8 a further £NII to the balance of £7,561,792 wlth 8 vlew to continulng to build these funds to meet future capital requirements, 19. Analy31s of group not assets between fund8 Unro•lrlctod General De81gnatod Funds Fund8 Re8trlcted Funds Total Funds Fund balances at 31 March 2025 ar• represented by: T8ngible fixed assets Flxed 85581 Investments Nat curr8nt assets Creditors.. 8mounl8 falling due after more than one year Total 34,043 1,277,755 1,372,027 39,432 1,311,798 1,372,027 7,607,424 6,200 7.561,792 2 689 214 7 581792 10 291 249 Unrostrlctéd General Deslgnatod Funds Fund8 Rastrlclod Funds Total Funds Fund balancos at 31 March 2024 ara reprosonlod by: Tangible ff xed as88ts Fixed asset investments Nel curr8nl assets Creditors.. amounts falllng du8 after more than onè yèar Tolal 39,793 1,240,695 873,317 698,372 1,280,488 873,317 8,260,175 7.581,792 39,804 2,812,384 7,S61792 10,413,980 20. Taxation Southern Area Hospice Services Ltd is recognised as a charity by HM Inspector of Taxes, and as such is entilled to certain tax exemplions on income and profits from investments, and surpluses on any trading activities carried on in furtherance of the charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes. 39 Southern Area Hosplce Servlces Ltd Company Llmited by Guarantee Notes to the Financial Statements Year Ended 31 March 2025 The Charity is not registered for VAT and accordingly, all its expenditure is recorded inclusive of any VAT incurred. This excluded certain types of expenditure where under the terms of a new scheme which commenced on 1 April 2015, charities that are not registered for VAT are able to claim back an element of their input VAT. The charity has participated in this scheme from the commencement date. The Lottery is not registered for VAT and accordingly. all its expenditure is recorded Inclusive of any VAT incurred. 21. Free reserves Free reserves as noted in the directors report, are calculated as follows.. 2025 2024 Total unrestrlcted reserves Tangible assets Flxed a88et inve81rnents 10,251,006 {1,277,7551 {1,372,0271 10,374,176 {1,240,6951 (873,3171 7 601224 8 260 164 Total unrestricted reserves include £7,561,792 of designated funds whlch ar8 allocated to a Capital Reserve to continue to build these funds to meet future capltal requlrem8nts. 22. Related party transactlons and ultlmate controlllng party. The Board of Trustees are consldered to be the Charlty's ultlmate controlling party, Included withln trade debtors Is £7,706 (2024: £4.673) due from Southern Area Hosplce Servlces Lottery Limited as at 31 March 2025. Included wlthln trade credltors Is £NIL (2024.. £NIL) due to Southern Area Hosplce Servlces Lottery Llmlted as at 31 March 2025. In 2025 Southern Area Hosplce Servlces Lottery Llmlted made a gift of £79,628 (2024.. £81,150) to Southern Area Hosplce Servlces Ltd. 23. Llablllty of member8 Both group companles are companles Ilmlted by guarantee and do not have a share capltal. The Ilablllty of each member is limited to an amount not exceeding £1. 24. Flnanclal commltments There were no financial commltments at 31 March 2025 (2024.. Nil) 40 Southern Area Hosplce Servlces Ltd Company Llmlted by Guarantee Notes to the Financial Statements Year Ended 31 March 2025 25. Subsldlarles The subsidiary undertaking, situated at st. John's House. Courtenay Hill, Newry, Co Down, BT34 2EB, whose results are reflected in the consolidated financial statements by virtue of control, is as follows: Interest con8olldatod Southern Area Hospice Services Lottery Limited - N1035958 100% 26. Not cash ganarated from operatlng actlvltles 2025 2024 Nel Incomlng résourc8$ D8preciation & Impairm8nt Interest receivable and similar income Loss l Gain on Investm8nls Loss on sale of fixed assets Mov8m8nt In D8btors Movement In Creditors Movement In Stocks (122,731) 72,554 1287,965) 14,825 1,480 {22,221) (65,6241 6,448 219,645 427,021 1230,154) {54,539} 1,149 36,367 388,975 {4,2481 Net cash Inflow from operatlng actlvltlo8 403 234 784 216 41