CARIN 41• Northern Arf IrelaTh Hospce Trustees Annual Report and Consolidated Financial Statements for the Financial Year ending 31st March 2024 nihospicethory OOOIJ I￿￿￿￿¢￿1• OTh￿11 B T>0 ¢WB Table of Contents Message from ChaSr an¢& CEO .............,...,...........,...,...............,...,...,.......,...,..............,............,,.......,.. Tru3tees ènd Other infonTralion.........-......_..._......_..._......_..._......_..._............................_ .... _ .._ R8POrt af th8 8oard olTrustees..................................................................................-......................... Our Fuiure Plans,....,..............-. . ..-...-.. ,20 Financial A￿￿11e￿ ....................................................................................-..............-..-....-..-_..._.-.......... Independent Audltor'a Report..,.... _. ._. Company SlItEmElht of FinathGial Aclivilig¥11 nclLKling an E)pontailure AGwunt) for Finan¢i31 Year Eftdèj 31 Match 2D24 ................................................................................................ 41 Consolidattrd StatemEnt of FinaTrcial Activities (Includin9 5 n I and ExpEndilure AccounEI for FinanEial Year Efkded 31 March 2024 ................................................................................................ 42 Company Ba12n¢* Sheet 4$ at 31 2024 .... CoTh#olidated Balancé Sleot ?$ at 31 lularch 2024.......... .._......_..._................._........... ....._..._.........._. ompany St*eme ni of Cash Flows for the Financkal Year Ended 31 IAarch 2024............................ Consolidated Ststomfjnt ol Cashllows for th8 Finan¢ial Year Ènd8d 31 March 2024........_... ....... . .. NotB ta A¢ccJunlB..................................................................................................................._............ 47 .43 Tru5teo5 Ftepwl 4ryd c￿50ndEr*&N￿Ifi*1 S￿r ,PY1￿ll OpJin¥il Yw FrdW31 VarthllU4 Message from Chair and CEO 11 Is oui g reat privilege to present the 2023f24 Anrtual ReFK)rt. Thk year. ￿lebrated 8 sionlflcani milestone: 40 yèars of delp￿rInts Èxtsptional p8lliaii4¢ txre to our community. Thi8 achièvÈmonl rgflgcts the passion, c<)Mmitment, and dedication of oui staff. vo lunleeis, and supporters, both pa3t 2 nd p￿SeTht. Ilple extend our deepest oraliludè tts e¥eryone who has play6d a ctucial rol8 in providin9 specialist and compassionHte ¢arg, m3kin9 ¥ real dFtEgrelli* to patknts and their families year aftei year. Every year. Northem Ire13 Hospice cares lor more Iharr 4,000 babies, children afj¢J adults living wilh lifè-limitin9 ujnditions or facirig IhÈ end of their live$. Oui care not onty wrdP5 around uur patiellts but |$0 Ihgir farnilies k)v8d on8$ wilh setvice% $wh as bere?vemeff t ¢oun$elling and other aspe¢ls of BO¢ial Ca￿. The nature ol the demands seNed by Our Chaiity art diangiAQ Wlth increasrno tnedFcal and social cf sirdtegrc InteNentitin8, includino a cts8t Iranslormation pioiramme, elearer service d&finptioD$. enh4Thc8d ￿$1 management. are pl&a￿d lo 18port that. Ss of IAarch 31 , 2024, we achieved planned fFnanclal targeis a year ahea6 of schedufe. Ihanks to improved thcorr4e and To support oui strategic gc￿E8. 4Ye embra￿d digital iechnolo9ie$ to enh3ntt our seNice dE1iv8ry arKI improve patienl outcomes. Our expanded retail business rolFects our cornm41￿801 to sUSia￿abllIly army Ommunily 5EJtsPort Ènd ia a kèy Èrtablèr Èti 0￿1 rtÈ%V SllalÈQy. Our educationÈl InltiatrVeS, ￿se8￿Ch contrlbuiions, and partnelshlps, such as Ihose WFth Ihe Alklreland Iny*tTrtuts of 0￿d P?Iliativ& ¢arp. lyrther FnisSiDll. are dedicated tD shating our qjpertise tht n¢ imprwirbg palliative care stsndards across Ihe region. As i£view the financial outCOmES Df the past yeaT. we its addiess the de-recognition of a p￿￿%10￿ atset from our balan￿ sheet, in compliarGe wtth update(l aGGotynt4ng 8tandatds. This adjusbnent c¢mir*>uted lo th& OPEf8tiDn81 dEficit reF]Orted for 2023124. but tl 4Ya$ ne￿&sary to ensure our financÈ31 Teporting ￿MaInS accurate and trJnspareDt. By rnaking this ch?Thug. we 5¥e rEinfortiAg the Inte9riiy of our finanryal Ptssition, Allowino US to focug on our ml$8lon wlth ￿n￿￿ed stiength. Looking ahead, we are filled with Wimlsm. The straie9pc plan not onty guldes us towaT¢ fin8n¢i?I Slabilily and servic8 growth but also reitkfor￿s oui mission to provide &xCwliU￿al care 10 more individu als in ne>a. By leveiaoiw our $￿ength$. embracin9 Innovaiicjn, and advocaling for nece$s3ry chanoe, WÈ arp confident in r ability tcj meEt the grovkrir4g needx Df our Eomrnunily. The SU¢tsYs of Marth8rn Irgbnd HDSPi¢8 ChikFre￿'S Hospice is a ￿llectIve effr)fL li made po¥stbFe by ou r dedÉcxled sidff, volunteers, and Ihe unwavering support of QL4r clonors camrnunty partfiers. Ycbui oeneiosty and commilment enabl￿ us to conlinuE our vital work. And foi thps, we our h@artlell thank5. As we rnova fopNar4, wo will rerrkain stsadfa5t an our dedication to enhancing trbEJ quality of Irfe for tstsr patients and thel r families. Thank you for being Èn in￿ra1 part ol our journey. Wilh $iri¢eFe gFaliwde,, Dr. GBrry Mlllar MBE, Ch alrman Trevor Mccartnèy, Acting CEO. kqland TrLVSteEs REpwf fpnkndthl 1014 Trustees and Other information Company Details ompany Number. 141014e17 Gharfty Number: NIC102J37 HMRC Nurnbar XN45696 VAT NuEDbwr' 308367790 Registered OffitE: 18 0'Nelll Road, NewtownabbDyp BT36 SW8 P￿S$dent Paul cfaik MBE ofTws199S Dr Millèt MBE Chai t Vlce Cha Ir {Chalr Elect from 27 Jun& 2024] Treasu￿￿ (vntil 6 Aprl12024> Treasurer (frorn 8 May 2024) ran 3hgppa rd Garth CAltM+ (Reslgned 6 Apdl 2024> artFn Murphy Alan DS¢kson Or Russell PtOUSton Jènlet Smyth Andrew Talbtst (Temi ended 25 Auyugt 2023> Ad91& Martln Joanne Ramsay Patrl¢k O, Hagan Sttvtn Cockcroft Paul TyaTrf ngton CBE Thr4• commlttw$ of tho Boaril havè bugTh oporation81 from April 2024. Finan¢& 8 8usirte¥$ ¢omrrti#e& (F8¢1 Martin llu￿hY (Chaii). Alan thck60ll, Paddy O'Hagan People aftd Cullure C¢Jmrhittee (PCC) Ad&le Rlatlin f¢hair), ja￿lC￿ Sfflylh. lan Sheppaid Care Qualty Committee {QQC) Or Gèrry MilFai MBE (Ch ali>, Dr Russell Houston, Janice Smylh, JoanD9 Rarnsay F•r the YEarÉrDdEI ¥1 Company Secretary MyEes M¢Keovén {uniil 31 July 2Q23) Gllliar& Wri9M 11 Auuust 2023 to 9 May 2024> Aichaol Mawhinney {apptslnted 9 f41ay 2024 Prinapal Battkèis Danskè Bènk, DDTh2gall squa￿ West. 8elFast, BT16JS Sulicitots Eth3rd5 & Co SO1￿￿t0[8, 26 Hill Street, eellsst, BT12LA Audiiors Firkegall Gibson Lttl, Chartered Aocounthnts & Staiutory Audhtors. C2us&w8y T(awei, S Jame5 Sl S, Betfasi. B T2 8DN REPETt Fknandal Stat*M￿ls FUrthrf￿￿rlllYc￿￿[ndEd JJ Mxth1024 Report of the Board of Trustees Thg Board of Ttvsle8s pre$epls this Trport logethor wtth the audiièd eonselidatèd financial $talernents for the yeai ended 31 f41a reh 2024_ ara NorWbBtn IrglatKI Hwpic Ireland HLWi¢È is a local charily Pi¢>Vidin# ¥>eciali8t pa,.IliatiYe c5re 10 babies, thildren, and adults livi￿9 wilh life limitins arKI è'fp-thrfratening - 411nesses. Our hoFistF¢approach IcKuses on enhancin9 qvglity of lite, rnanggirbg $ymplrAKs. and pr¢vldlrKJ emotion818nd SF>illlu81 support- tbot juEI for patients, al>D for thelr tamilitrs. We do tkkis through: Our Hospices Vrfe havè hvo *)eeiali$t Hts*prce uTriEs, st￿￿rtOn Hou$9, our Adult l D-Palignt Unil and Horlzon Hou*. QLJI Chihjwen's In-Patient Unit. is Ihe only ¢hlklien's hoapFce in N¢>rthErn lielarKa. Oui muttj- ¢Flsclpfinary ieamg pr¢)vide high￿￿alty patient-centered specialist palliali4F care well as ompassionatfj ernob.onal spiritual support. wrapping our care around Ihe entjie family UnEt. Our Community Servrces We hsY@ sÉv8n ts3rrrsof s￿¢￿?1151 CornmurFity Nurse5 that delP4rer care across Northern Irelsnd. These nuisÈs StsPWJrt thildrèn, adLJllS. èrtd thÈir f&thiliè* by wijtking Elosely with social wotke rs. GPS, Di5tri¢l Jurses and comnjunity pharmac4e* 10 KlentiFy each person's needs and develop persoTralised care plans whl¢h refiea lThdvkfidual choict. Oui Hospice ai Homè servite provides OnEatONllnE ntJrsin8 care duri￿9 lh8 day, 8v&ni￿, or night lo allow family rnemtyFJrs to have a break Imk after their osvn well-belng. As the Faryest Hospitt Ga￿ prs)vlder Fn Northern I￿18￿d. we deliver bespoke. h￿h-o￿allty eduotion progratnTr8s atKI conltibut8 to r@searcb as a of Afi-IT41and Institute ol Hospice And Pallpative Cale gnd the Pallialive Care Research Netwwork Norfhem Iieland. This e￿bleS US to share OEJr expertise for the anc% Ivrthpratw of spgcialist pallr81ive car9 foi and a¢vlts, Strategy 202>2028. Northern lie4and Hospite. likè maty UK hospiCe$. Significart chall8n9E¥ ah8acl, Inwsing innatianary cosls. p￿rt￿u1aty in wage5 and Thed1￿1 expenses, couple(I with the inlficaie politL81 aTh1 economic dimaie In Northèrn l￿FaNd. pfEtes a strain on our finan￿. In 2(XM thÈ goverDEnent cornniHed in J wtittpn agreernen* lo hospice seplices to at least 50% of theii ￿re costs. Thls agreemertrt has never been mei, exe￿Ibat1Thg the financial ¢haNehges ftsr htsspice *tvlc88. The demènd for $P2Ciafi5t palliatiVE care ￿e￿[Ce￿ continu&s ta incrasse. wtth Ih49 Wkrgf3ge age cf potpent now un¢er 65 and patients a re rJiniGally more complex, There a￿ many factors that have traused thi8 shrfl. such as lat& di3gno&i$ to n3tn& but on@. ho4￿￿￿[, unrque $peci31i51 service5 in Norlbgm Ireland have the sk4'11s. fa¢ilifRs and clinical expeth'se to deliver a service that meets th￿t neèd$. Our Servicès. hOVrf￿r. remain utKlervalu8d as a key partner to our NHS h91e in N¢)rtlem Ireland, partiGu larly 9bven the scale and diveisity ol our servir*s. not least of N¥hlch ttB the 13.833 community visits frorn our7 gpEcialisl GliniGal Cornunutbity teams irj the prov¥ice who care forour palle nts gatrnbErrt FDr thr Sknantul Vear EndDd Marth 2tl24 in theiro¥m hoETbe$. Oui $erviw$ ?18 d ivgrse. 8¥￿claI1Y our children's $èrviCt, whbcti offers bolh re$prte and 5F]ecialisl EtKI.of. IrfE caie. Furthemiore. the￿ has been a notal)le shin in I￿ pla(￿ of death, with mr)ro deaths o¢curring ai home, accoler?ted by Ihg Covid-19 panoernic but part of 3 4on9er-teffm trend. A5 already rnenlaoned, thks h8s inciea*d the demarnd lor home-based ¢a re from our IEams. The development of commu D.ity aryd ov.trea.ch $grvirA¥ to bE a kèy Stra￿&6 intent for the chstity. In this Gonlext, sye have developed a robust fr4E-year strategic aFJpfo8th focused on 5UStainability growlh wilh 8 IElentless focus tFn provldin4 speclallsi palliative care across the province to everyone with a life limiting condilion. The first Iwo y49a rs aim tD achieve financial bièakéve n while ietsining gur Capacityfoi fulurt seivice expans4¢￿. Followin9 this, a Ihree-ye3r9rowth phase will expand aur ser¥ices to meei the in￿a$￿ dema for palliative d &u$laiHable maTrnei. AJ alYiay5, YK rely on the coniinued supp)rt ofthe Mmmunilte5 we wr partners 10 8dvocate lor and d8livgr su$tainabl8 palliative Care ser4rytt$. De5piEe the challenges, we are Oetlyated to SkJsialrtlrt# ahd OfowiElJ sÈTrtis for those who need us most. Our Strategic Intentions P•rpryluFk Wè ￿￿11 Ihè ￿1very 6eThiclJB vriih rthabll Incort￿ str•8rr4 gt04¥ in lin• wTih c051 and w# Hill ensur8 wa gov8rTP End op8ral8 Ihe th¥rity m Ilne ￿1￿) wl WPlisnc8. IvJar Perpetuitv PerforED&noe Pllrfp)Tfft•fietr Vle ￿li1 btth tyéraiiofial érlo Fwtsal, 1$ ￿￿1￿Y dÉEtxib8d in Drd8r to de[p￿ thSD>hllul, anlj viBw cIc￿c￿￿nI$aW. W8 hawa iltrB bkilks J suiwrt ￿n3&S Ihe ￿98n158￿￿ to 1h¢ Oelivery (>1 this ￿re ¢walino a$ ¢fi¢4ertty a$ IS ptss#bl*. 11 CAK intefiwm its ¢onb'Due spwEIi51 PaIlr*[￿ (*è Io patr¢Dts People P¢oplÈ "P8tients Patlqn¢s Charitablè Putpose Notlh8Th Ireland Ho&pice pl￿vidE% Special isl paiiiative care $ervity5 and supwrt at no to Pat￿￿￿ with life-Ihre8tenino snd lrf&iimiting illnesses. thelr carers anEY families. ThEf obj'ects of Ftospice ale". . To promote cornfort and felieve Ihe sulf@ring caused by Illness of chiklre n. young peopk and adult¥ livints wilh zdv3neing progregsivè condillons and the li families by leliveriThg spgciali8t patliativè care Eev4ri¢es and 5UPPOrt (iocludirhg bul Dot limited to physiBal. social. Spiritual and paychological &upport) In NotlheFn Iielartd in partittuldr. but not ex¢lusively, through a lang& of ts¢ilit19s incILKlill9 ift-patient hospi￿ unÈts and ¢ornmunity Serwi￿&. wihrrd JrthNdHwplpJ CoTh*lldll" EEd FirMrKlal r UbE ￿￿[￿till V&*r Erbdèd 51 fd4rth 2024 To a(lYanc& heamh 8Dd w&lkl>8ing. ill part4cular palliative care servKes an<1 supporL through thè F)fo¥i3lon of tYOining fiji heèlthcart profe$>ion2J$ a$ well as staff, volunteers snd others, and to condl￿t. ijr promote oi en￿￿[age evaluab'on ano ieseawGh into the ¢are and Ireafftnt of tersons sufferlng fvom advancing pro0￿>s1ve conditron$ in NDrthèm Iref8nd in any pgrt ol lh8 world and tv (ri$S￿l￿ate ths results thgrpDf_ As Ihe largest provider of childrèts's and adolt'j SPèCiali>t oÈ41iativè Ca tè ifi Northèrn Iièknd w8 4¥ill contiTru@ ID WO￿ acfOSS all available nfytworks to inllueD¢e fun(lÈng an¢J imPTove ¢elivery of palliaii¥e re ser￿￿5. Tvvbt•H5 F4Mr•Eld Ouryear in Numbers 27 12,817 fymJ*" 22.3 230 JFnlssForts at idltit 3.884 l Irom 19.?. WyIykyI tDtsI paUEnts tattd f¢ibi Ihecommvnlty 158A72 voluFhtBorhGur5X Hurycar4"yovldEd io £1.35m 278 ITh tYithalÈrhtMt•ry' ￿ Jwd paiiLnis DUI It tp¢k 51% £19.5m DlpatiErlt5admltted wor• ￿nd￿r65 ittTLknI Nl aid Q￿ldr￿ In IOZJ124 L￿a 309 Down 201%116) Childm and Ihoil faffdlL (aled (DT tht Ht gnthe 38 Jwi by thÈ Pall&*hrÉ Ulp LlmFIEd SEnriEp 40 ￿￿_oF(￿RE I ID ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## INoriPrfrn Ir¢lint4 FteJwl¢4 T￿￿et5 (￿5D￿*d SiatwwE> Fèr the FlrtÈnÈlÈl Yt4r ERdÈtP MÈrth IDL4 Cofftn]unity 8nd Vol¢rntseff &ngaggrnenl Our Volun￿er$ a￿ Ihe backbone of our (Kuan isatlon. In the comlng year, we will focus M expanding ijur voEuntEer baye and enh5ncing the roles available to them. Thi8 will not only suppllrt Dur 8&rtyict deli¥ery but a150 SEienglhen oui connedion with the ¢otYkmunii*es we seive. Our retail opprab.0￿$ have si9ntfFcaDt souice o* inc¢)rn8, plan to build on thi5 succe$5. V4È Will contlnue to expand our net4V4rt ofshop3 and Introdu￿ Inn(walive Inltidtives Fjke Ihe CaReCycle flonation stations. Th￿@ ifforts align With gur ¢ommiltrJ&nt to ¥ustainabilty and wifi contr4bu19 lo the finaTrcial stability of objr organisalion. CDffiffliémenr to Edut&tron Re5&a￿h We will fu rthei our iolfy a$ a lead?r in pallialive Garg by wntiriuing to inv¥t in 8ducation and re$e?rch, Our partnerships Wllh edU￿tIonal InstitUlion3 aThl resea r¢h neiwoiks will ensure Ihal we remain at IhÈ foiefront ol pa Iliali4r@ ca re innovation, $har4ng our knowled98 expfrrtls&1o improve car@ standaros regionally and nationally. Building & Suppcth Work Cultu Ouf P80ple ar8 our grdest ass8t. Ov81 th8 n8xt fwe yeafs. w& witl continuE to i[nplern8￿t oui P8opI8 Stralegy, fcusins Qn professional development, wellbeing, and *nfidetÈt in our abilily10 navi9*te thÈ ch&Plèhoèa èhèad and conlinue our mtssbon of providirrfj exceptional care to those 4vho need it rThosL alè deep￿ #iateful lor the (x)ntlnued supwrt of otsr communlty, volunteers, and partners 29 vée emtyaTk on Ihi$ j¢>vffjey. 21 Irdirnd blDsp IorkSE4idrted St¥ternEnls For FlrdM(thl 31 IDI4 Financial Review The cortsolitlated financial statem8nl$ coMpri$e thg results ol Northern IT8￿lld ktD¥piTr and DIDtlhem Ireland Hospice ffradlrt9) Limited. loyether Ihey ￿￿ knovm as thè'Grtsup'. HLv41(e }Lfyl Noflhern Ireland Hffipire own% 100% of Ihe i￿ued shar8 (xpit31 of Noth8m Irfjland Hospice (Trading) Limite(I, lkne resulls ol whEch have beÈTh u>nEolidated with Ihe financial statements 41 HospiGe Qn the ba Èis ol nÈt profit before taxation. Th& Cansofid31£4J StaterffÈnt of Flrhafhcial Activitiè& for the firran¢ial year erfded 31 March 2024 and the erm￿lIdated Balanc8 Sheet at that dat8 aTe sot aut 011 pa988 42 44. rtspectively. The net fflpvement in funds lor the fin4ncpal year, alter d¢prec4ation an¢P other FeG(pgni$ed 9ain$ gncl losse$. amounkd ￿ a E2.4M tb8t @xp8 ndilure (2022123: net inCUfftE £3MI. This arises due to a net expendilijre I ÈtI.4PA couplod Wllh the de-rècognition of thè priot year pertrsion scbème assot valuation of £2.2M And gains on in¥Esltn8nt$ of tO.2M. ijlbrk continues to address the und8rlying nel dEficit. In¢trme The maln sO￿r￿a of incom& are frorn donat&Dn5 and 1298cieS and trom stalutory 9fdnlS. Overdll. Group has iD¢re?5ed by 4.$% from £18,2M In 2022123 Eo £19,IM In 2023124. primaFily to a £Q.6M InC￿3$e in Dtsnation8. 2024 £'ooo 8,581 6,899 3,439 188 2023 Cho nge £'ooo 7,990 6.790 3,269 16£ Group Inci>m OonatÉon$ and legacles Charitable adivities Olhei Ifaling aGlivities - retail shop5 Investment alld other inGortb8 Totsl Grou In¢omè 591 109 161 22. 22 riorthEPll [Fe1b￿d FtOWi¢È 4f•tt 5t•tor Y¢4r Éndrd31 M•2024 Totsi Income by TYPÈ 2aCth) 59. IQL 4ya 5. J¥8 16 Tokl MID2212J Donations and legacies I neomè rècè1￿èé from dofiallorrs aThd leoaeFès has Fncreasèd by £O.8m or 7.4%, fforn £8 ht In 2022r23 b) £8_6M in 2023r24. Thi$ is primatily dug to 4nct8as@ in lkjnati0t￿ receNed Irorn ¢5.tsM in 2022123 to £5.69M in 202N24. Charitable adNities In¢ome from chorii8ble actmlies qncr#sed by £0,1M, fmm £6,8M in 2022r23 to £6,9M in 2023124. ThE £0.2M IElsted to the staluttjty CO￿18&£ an¢J e4Uaied to a 3.5% Incièase, relleciing e¢Jntsact uplifts on the pwvious year. wmbined wilh ovei perfgTman(¥ egaiTr&t tsiget& and ￿ndIng for w8t prestures in yÈar. Thij irtcrèase partially offaei by Ihe cessation of hvo eonliacts (IVFISCT & DHSS). IhAt led to a year-on-ye3r decrease of£O.1 M again￿ lh9 atoreETb8￿tlQ￿ed contEacls. As nDted previDu$ty. cvrrent fkjnding level3 not ￿$￿Inable and we are WDrl(ing Wilh our Health Sep4ri¢e partn￿￿ lo address Ihls. other trading activities - Retail Shops Ned In the year Trom £0.17M in 2022123 10 £0.19M in 2023r24. Thi% is d￿e to ditioD_¥.l invoFtm.ent inGome in the ye¥r r*3bte¢ to hsgher intere$1 rat8s. 23 FDr 3IMuthlD14 ExperLdiluce Overall. Group ExpeTrditurt h28 dec￿8$ed by tO.8M or 3%, from £20.1 M in 202Y23 to £19 SM i 2023124. 2023124 2022123 t'oou Change £vt]o Group Expendltur RaisiDg lunds Charitable acttvitiès Expendilurt befDf8 ietsil shops- other - (Ètail Sho rDtal Grme C4JntraGts. via public sector budyetsty t4rts. has ￿ 10 the der￿ll Posllion In 2023124. Gontinue to SddTÈSS Ihis by Ix>st Controls, woiking with our He3lth SoThiic& part￿8[￿ orj statutory (Xbnlracts, exploTillQ fundraising w￿n￿e￿. 24 IINthern ￿eland Total Expenditure by Type 2x1 14.521 14.693 L143 2.#ifJ 2.624 'rot41 * 20E2ni 25 NcrkhÈrn IrElbnd blDs For Erbdel 31 Balance Sheet Thè GFOUP Ualanco Sheèt is presented in tho table below. 2023124 £'ooo 2022r23 £'ooo Ch*noe £,(￿00 FSxèd aJsÈty Net ruttent assets Non-cuirent a5SEIs1 T¢taE Restrictèd tuDds Unrestri¢led fun¢Ss Total 20,272 3.154 21.407 2.401 1.979 25.787 338 25.449 {1,135) 753 1 ,979 2,361 (311 2330 2,361 liabililie$ 23.426 307 23.119 Fix8d Assets Tèngibfe fixed a55ets havg ¢e¢iéased by t457% in Ihe yaar. Additicffts 01 É203K offsel with depiecFaliL)n 01 £657K arkd disposals 01 £15K. Investments have decreased by £88OK to E5.3N primaiily due to drew down$ th facilrtate D￿￿tIonal cashfkow. In*an9ible assets of £60K rèlate to websiie dgvdopment work. Net Current Assets Nèt c￿￿rent a$yats hsve increased by e753K from 2022r23. Th& ff4aill drivevJ fjf this yncrFaxe arE ay fOl￿W$. I ncresse Ffi Cash of t2.BhK linked ttj tho TedLrtion ill Trad6 Dkibtors X LE9aeiÈS (noled bel¢p*l and t1 M Orawd04vn (rcbm Close Biothers investrneDI De¢rea6e in legatyès of £874K due ts the Se￿eMe￿i of a large leoaty from March 2023 Decrease in Trad8 08btors of t419K ralating lo stalutrJry lunding DECleaSe in Gift Atd Recovef3ble £193K IncTe3&e in Ple#&￿ÈTr￿ èrtd A(thJèd lffit¢)Mè £57K 5ncieaJe IN ACC￿￿1& £846K DÈciF8sg in Twado CredikJi6 £156K Non-current ASset￿LIabIlItIeS The Noth.current asset relating to Ihe NILGOSG pension scheme (£1.979M 2022123) has b8en dg- rectynised in a(*ordancp with accokjnting ststEdar6 FRS102 and has a nil value &t 31 fvla¢ch 2024. 26 N￿thÈF￿ l¢eJifid14owle4 Trtkrt445 Fwthytrlrnindil Ytar ÉThtlEdJi Mirthl)24 Reseryes Policy Yhe 8oaid of TnJ$teg5 ￿COgn￿￿e5 Ihe requiF8rnonl for reserves and Jim¥ to hove a *vg1 of free ￿eser￿eS eq ui4¢fent to three month5, hjture run nifig costs. At 31 March 2024. NDtlhem IrelÈnd Hospice has Iiee reSer￿¢S ol to. 1 rn, whEth Govers S rrK)llth$ of our planned opetatiThg expandituie going fowr(l. These reser¥es hèlp to ensurè Ihar the finarkty$ of h05Pite tsmain in è SLJsiainable postlion. Our position is heavity ifftpacted by our hvJh assel base vthich indudfj5 5pecFalist hospvce propèrtiès whlch tl)e Boaid have no IntertiKJn ol sellino The Tiustees moniior our rese￿e$ Position and Ihe cash in batpk balances ott a r8gular basis lo f nsuip th81a i& no irnmBdiale risk to Ihe HDSPlCe. Investment Poltcy blDrthem Iièjand Hogpice has investad in short-terrn bank dBpDSits with Dan$ke Bank the y8¥r. in liTre ¥Yrth the or9anrsa IKJn's opeiatioTral cash iequiremeols. Vle have COnlinue& an In¥estment ￿rtfoliO with our invesbnent&d¥i￿rS ClrAe Brothe rs dudn9 2023f24. ¢kJse Brolh¥ts have txen in$lruGts¢ to rnaxirniFoe Te¢um on the fund$ anvvstEd within Ihe ￿￿$traints of 8 medium risk Wnfolio. ThE invEsltnent IX)5itror4 of Ihe iJrganisat40n 1$ FevTrEwed by the Finance C¢)mmittee on an orbgoFng basis throughout Ihe yoaw. Glose Brolhers report annually to Ihe Board the perforrnance of Ihfr portfolio. Going Can￿r￿ The financial Statemants have been prepar￿ on th& goiryJ coDc&m tjasig. The Tiuslees have reviewecl Northern Ireland Hospice's financial p¢isilioth a nu WnSeqUent￿ beli9ve thEre are sRJfficiEnt resourceg to man&ge any OPÈi*tion&l Or firtancla l Ti3ks. The Board e¢insideis Ihe 15 a reasonable expectatic￿ Ihat Hospi¢e has a(feqLaate resources to wntinue in operaliorhal existe DGe for at IBast 12 rtK)llths fioffl the date of signing of the acrxpunts and Ihe Board ére unÈware of any addition¥1 m¥teria1 uncertainties re131ed to evorjts 01 conéilions th* ca¥t signttufjt dcwbt upon Irelsnd Hosptce'5 ability to ¢onlinue a3 a goiny ¢tsn¢*ln. Risks and Uncerta4fitiÈs Due to Ehe hisEoriC Structu￿ of slatulory Income and the piessure of increasing costs. Ihe group has been in¢ufflng undeity4'll9 defi¢rt. Exa¢grbated by currellt 8COTrOmiC afKI olher extsTnal lactots. Tiu£tees are concemed 8boul the un¢leilyin9 deficit rlsks and si9nifKant work to addrebs the* (ty11gnga$ and ifflPFQV9 th 1$ pD$ition corJb'nLES. The Twstees h3ve taken Inlo consKleralion the &xisling an¢J afilicipalgd 8ff8cls of Ihese risks uncertainti25 thB or95nis￿lIDn,5 8clivilies atKI trt ita aasessrtieht of Ihe approptia￿neaS of Ihe use of the going concern ba5 is. Vple continue to aclapi fLJrkdraising plan to accounl of th? changin9 EandsEap2 and haye reviewed tnd upd&ied tsur siiategy and ielated plans ID deliver the besi outcornes possible within the available resour￿. MarF9ge￿nt wnlinues to carelulty moniloi Ihe situ&liDn and evaluate rts option3 duiing this IrfEJe. Mo adju$irnenis l¥ave bèen madè ￿ ￿ese fF[￿￿tIal Sk￿￿￿￿niS as a resull of this ￿n￿nalnty. The Btsaid therefoE considers there Is a ￿3$onable expedation that Northein IFelaTrd Hospi￿ has adequate resources to continue in operatiQlloI8xisten￿. The Board 18 aware that shDuld C1￿￿￿￿tanceS 37 Pwth• FlwE41yurEnthd IJ Mir¢hlD24 change Ser￿￿ level$ wifi have tts be revised in line WFth the iftrwrrbe Èvailèblè. Post Balan￿ Sheet Events There have bèen no sWJni￿Ca￿t frvents attÉth'ng NotitÈern Iroland Ho¥)tce Sin￿ the fiThanelal ye41 erld Ih.a.t hvouks Fesull in the adjustment of the financial $18tements tsr Inclusion Of a Trote thereiD_- Principal Risks and Uncertainties T￿? PoaMI of Trustees ènd co￿orale Leadwshlp end Managemeni Team, IhFougl the ￿[Por91￿ overnanc8 fram8VlOtk, identify an(5 ma nage Ihg risks to which Ihg chatity is sxposed. Our Btja rd and CorpoEal& Lèadeishlp afftd Tèam havè mtsnitoièd thè aciivlly of the organisatiorh both in terrns of service daliv&ry and gualty as well as fi￿3￿¢1￿1 r@porting. Vple ar& sali&tb&d that Qu r Cornlinued vwon ft)r the people we $tJpport is to pr¢vFde wmfort and quality of Ilfe for our paiieni$. whil$l $upporling their fèmiliRs an¢ reli8vin9 fear and suffeiing J$swi8tgd with a03s. OUT woik, 4Yhich is ba*d on the values of rèspètt artd aceeptaneè. etsrnpassion. couragè. aAd 1rt1è41ily. and beiThg pioneeFing, protessiunal accountable, is very m uch in eviOeDce from Dur ?di¥41i8s ring th& tFnanciaJ yes¥. Th8 8oard established our risk appetite. Thi5 identif￿$ potential rksk events Ihat May affe¢l thg thattty and seek$ to manage IhDS8 tisks. It also SEeks to provide Feasonable a3Su1gn￿ ieoarding the aGhi8vement of our 5traItrj￿ objectives. It 15 the iole ol Tru5te# and Ihe Cofwrate Leadership an¢ Manage￿￿￿t Tr48M to ?SSg5% th& ri8k de￿ne our operational abjeEtiv8%. sssigning iesptsnsibility thioughout the organisation to each mana9er and employee Fesponsible for the appropikat@ man£gerrÉnt Df iisk. Dir@ctots and senior staff are accounlabPe for strategic risk rnana9ement viithin areas underth8ir Co￿tr￿1 Including the deYtslutÉon of the risk r￿a￿ageMent prDce$s to QPEr*tional manaoeis. Senior siafi are accounlable lo the Chiel Executive for impfemgDtatioD. annual iew)rfing thrs Stalu s of Ihe Risk Re>istèr, OngOiTrg maiTrtenanc& of the Risk Reg isler Ènsufitl# CDMpliahttÈ with risk as&essment pEo￿LJr￿S. The C hbef Executive k& responsible foi maintaiD4n9 the R isk Register and lor revwNing tt bpan nualty inc1udiTrg propolang any change& to the BDar(S lor appiDval. RÈsk Klanag8lll8nt is a &taTrding 4en(b item lor all Boaid ThE&tlll9s. A comprehÈnStve plannino pro￿￿, togeihef with es￿blIshed Systems and p￿cedUres. enableg Truslees to assess o nd address risk8 viith govemaDc9, Stiategy, clinical, hgallh and saf9ty. rgpulation, finance. Dppraliony, clher external 12ctOts, and the futurè e4p8ctty to deliver 3eNit%S. Op&rational Risks Operabonal risk 19 the ii$k of los$ resuliino from Inadequa￿ or failed in*rnal pro¢&￿e$, systems, or human factona. Op8ralbOll?I tbsk c3n rnan ilest ils811 in variDUS ways includin9 shDrt&gE of key skills. cliniGal incidents. inappropriate behaviour of empkjyees. failure to comply with applKable and 18gul8tians or failuro lo perform ir lire with contraciu? l ?tFangements. Tbesg gvsnls C(￿￿[d iesull findncral ls)SSÈs, libg81itJn. and refjulattjry fines 5$ ￿￿11 as olhEr darfkage to the organ isal4'0n. 28 Trtr5tits FC4ptYt Fdr4rrtl4I5tthrn￿ts FDr thEtrknanilal yoar￿￿Ed Iimarth i￿4 Tho princip31 operatronal rpsks identif￿d by Northem Ireland Hosprce Ihg Mibgating ?clions are Dllted b@low'. Opèrtliottal Ri$k siaffing Miligaling ActiofÈS Rogular focused engag¢me nt wqlh th• C*Partm•nt of Health on regional workforce planni a nd recruitmÈrtt. 3-yeai Workforce plannlno In development wlth groater focu5 on SUCC885ion pla nning. Future mHdlc31 workforctr planning refleet$ 4 hybrld model of tr31ne8 and non4rJln99 Posts. redu¢Sng dop9ndgncy on Eocums whilst trètalnlh# thè Ho>pS¢È ès a tralAI n¥ ¢ètttre. FrnanGe Fina nc@ corn mittfdo •Statsl1sh8d vAth particular ft)cus tsn budgei and ¢ontrol. Ragular manag&mB nt uprlates budgotary posktion. CoFJtlll gEnCy plannin9 scenarios dEveloppd With A fo¢us on fl nan¢lno. Fundralslng Gomrnunlcatlons focused on onlFnA 8Yents, movlno away frorn tra dltional fundralslng a¢iivltl•s. OngoSng OF5CUssSons wilh SPPG DgPartffl•nt of HBalth o nanclal and material 5UPPOrt through governFnÈnt grants and contract ieylews. Onoolno plannlng ofstratwlc In¢ome Inltlaiives. Tedlnoltsgy DévÈltspthÈrlt of Cybet Essèntials to provlde assurancè on Ho$plc8 IT Security and cornplianBo of stsNdards. IJPS uratron upgraded In tnaln serkrer rDom IHor4zon) to I nclude all tr Infrastructure. phones and swilGh8s. Key softwar• servets also upgrAd ed. En#aieMènt ¥Ath staff cybel f 5sks has In¢rga59d ￿th lrnprov•d vlgilancB. Trylephone $y5tem dewelopment. Clin IGal IncKlenl Po Ilt Fes and procedures I n place to prevent Incldents as well as man89@mgnt of inc iclonts and I￿PIe￿entation of fearnlng. ai-monthly rÈPOrtlng of lTh¢ldents to Board a6 well as the abillty to rBport sgrious incidgnts irnmediattly If rE4ulred. Risk arj tl DaEhboarrls monF.torfrd by cl ithlGal teaTTrS an. hievemgnt of ISQ StaDdar&$ 9QQ1 45001 for Estatgy department Quallty Managemellt and Safety Management a¢tivit19g including capitsl works, maint4nancg ancs asset managèment. e¥elopmeDt arrd roll-out ¢f fi%k manJ99rnpnt softwarg ¢Agi>lng. Data Anatysiy & ManagetTbert Rgvigvw of systerns available to Vdllsure data is rn&nagad effectlyely and to tmprovfr report tunGtlonallty. eonsittsration of int@mal Quafity ImprDvomBnt Pro9r8mrn8 to regula rly re¥iev+ data accuracy and systems to ensure that the data SMART. Inde pEndent a5seszment of data Including a￿alYSIS of staiistlcal Information. Quajity IDdi¢¢s r4pcJrts complotion and roviow, A8n8gement a.nd Governance Board Members and StruGtUTe As Tru%te¢$ of o ¢haiitable ttpmpany, all Trusiees are the ¢Dmpany director5, Trustees are from diveThse backgrcMJnd£ In heElth, bu8in@SS. ptof&ssional lifg. This ensu[88 a bioad r3nge of expefiBncE and kills are brought lo Board dellbèralions. A minimum of eight tcb a m£)irTrum of fourteen Trustees bE all the Board. Six mernbets of Ihe BDèrd are elected ttom and by Ihe members o* the ¢harikble C4)mpany. Up 10 six Trustees are invited by Ihe 8(￿14. The Board has Ihe Op￿.0￿ to Gf>llOPt up to a lurthEr l4Yo TnJ5lee$. Bolh 'e1edÈd' and .￿n¥lted, Tiustg$S rn8y Serve for a maximum Df Ivio ierms of tour years each, 101104ving wh ich, Ih8y Must stsnd down for a minimurn of two yfrars. ThE iyffica b@81gts of Chakr, w1￿ChaI1 and Troasurei are chosen from within 80?rd. Tre offi beareis G3n remain In ftsr lip to thiee years and Ihls e3n be exlÈnded lor 8 further three years. Ittl￿N01 Fop tht Fln8ffl£1*l Ye4r ErAtd 3] Mlrch 14114 Indudion 13 prtsvlded to ftew Trustees aftd training is Ptovided as required in aréas sRJth as ri&k. safe9v8rding. child piotectpon. and Olher relevant chèiiry ¥Dvernante rnaltets. TiuSteÈs *lhere to Csjle of Conduct 2nd a Declaration of Inieresi b compfeted annually Tmstees ale nct In ￿ceipt Df any remunerauon for their sètViC&8 to Northem Ireland H(*pi(x but are reirnbuFse, difection, 904ls of Northern fr￿ land H￿p￿se. piotfj¢ting and ptomoting the identty valu&B of TrlospicÉ.' *LJkfilling their statutory respunsibililies. A sthèmè tsf delegatbon ij in plaeè ar￿ the Board debg?te¥ the day-104sy op¢r?tion of the Ofg8ni58tion to the Chlef Exeeuliwe o*ficer {CEO) 8uppDrted by the Director tsf C8re arLd Quality GoverTr£nce, the Director Df Corporate ServFces, the Dlrector of Fiftsnce and the DireGfor of C(xnmercial and Brand Develownent. Together thèy fom Ihè membership of the CorF)DrtB Ltadeiship Team. The Corporate Leadership Team and Ihe rnedbcal lead{s) attend Board meetin9S but have Do voting ti9hls. Thére ar& cl83r drstindions lknen the 1019 ol the 8oJrd th8 ¢orporale L8ad8rshpp T&arn. The CoTrorate Leadeiship Team rs re¥pDTrsiblp for preparing PDliGy. strategic planning. bu(Igets, fingneisl rep)tsrtS. and risk regiS￿ts. which are approved by the Board. The Coworste Leadership Team implements the wakey, plans. and budgets and lèBds 811 operalltsn81 aspecls of the eharty with the Board continually mDniLoring Ihese. The Corporate Lea¢Jership an(1 Managernenl Team, c(Knptising of the Corporate Leadership Team atKa Departfflent Hea(l&. WOTk Gollsctively to lead an(1 ￿arnag& the vatrous lunctFon& of Hospice wilh an emphasis @ffgctive engag￿￿eTFt, WOTki¥J9 ITr p8rtneiship. atKJ vgluing lh& Contributi￿ of ajl of OEJr people in s Supptxt4ve environfflÈnl In the 2023r2024 finaocial year. Board was SupF)Orted by fivè Commimeès, In th8 aTe3¥ or Finan￿, Remuneration £nd Board Govemancè. Corporate Quality Governan￿. IT & Di9ital GcNemance, aThl People and Cullure. Follrjwing 2 cornpreheTr5ive @ovemance r￿Tre￿¥ thi5 Was streamlined to three committees effèdbve fr<>m 1 Bt April 2024 (details of the current structure bÈ tound on page 5). o Ci DaD [5 Li 15 4V J .115 5 -1 "IA81= oi t57i Citj riwth•rfj Ffv5pk• IFvthEFinÈntiÈfYÈÈrEndÈd JIM*th IDI Finance Corntnittee The Fin¥Ate Committee (FC) ps tespDnsible. tjn behaFfof thu Board *oT that all thfr finance5 of Northern lieland Hospice a￿ Jppropriatety applred in se¢urinu the obie¢ts and Stra￿1¢ Object￿ve& ot the charily th£t ity a55ets ai£ PlQPErty &3feguaided_ The Committge 1% m¥dg up of at least14¥o Tru$te¢$ with relevant financia5 experieD¢f#, The ChaSr of the Commiiièe Is $190 Ihe Treasu￿1 srbd oports its the BtsÈrd xt thp subsBqkJent Board r￿@tP￿g. Retnuneration and Board GOve[nan￿ Cornmittee The RemunÈrat40n aThd Board Governgnt% Committeè f matlers in arrivirbg at its decisions, including perfonn8nc9 and bBnchrnatks With Olher eallhcare thaiiiies and SErknrs. Northem Irelartd Ho$piw op8rat8s an equal oppurtunili2S PDIicy. Regulatory Environment In •ddits'Dll to all legal reqU1￿Ments, Norlhern I￿lan¢ Ho$pi¢e in a rggulatory environmer4t, overned by the Regulation and Ou2lrfy Improvèment A￿lhO￿ty (RQIA) 8ntS the Charity Commi$ston r NrJrth8rTr Iieland. Northern Iielard HOsp￿e also voluntatily $ub$¢rib8$ to the requirEmBnts tsf thè Fu nd raisirTrg Reoulator. Subsidiarie8 Northerr4 Ireland Hospice (Trading) Llm rted Northern I reland Hospi￿ ow05 100¥ otlhe issupil shaTP CaPEtal ol Narth@rTr I￿15￿d HO4)1￿ (frddinoj LI￿lte¢, The princlpal aciivity of Northern Irtland HI>spI￿ ￿[adIng) Limlted 15 Ihe sale of gotyJ$ ènd grttware. It operalgs a n&twork of 24 rela41 shops irn Ihe tocal and the Okl Schoolhouse ¢310 and genèrates Ineothè for HospW 3èrAces. Thè Trad ing Company donates qualitying charit?bl8 donabtsn$ J 31 Th18rch 2023. Pubtic Benefit In setiing our cbjectfves snd planning our aciivities for the year. the Trustees have coTr&idere(I the Chadly CotllmiSSiDll for Northem Irebnd's guÈdatkCg publÈG benpfFt to gtbSLir@ that actavities havè helped to achbeve the Charity'5 purpose$ and Pitsvbde è to Ihe beThefl¢iaries. Di rectors, Responsibilities in Relatlon to the Fi nancial Statements Company law iequires Ihe Board of TMstee$ {Ihe Board) kn prepa￿ financlal staiements for &ach ye3r whiGh give a Irue a nd fair vlwi of Ihe stats of affairs of Ihe HospiG&, anfl ol kts profit and10ss aEKI Gash fl¢)ws for thai year. In piÈparing Ihose flnancial $12terr*ents. Ihe Board Is required to.. select yuiiable accoutrting po]￿lEs apply them con$rstÈniiy. rnake jud9Ements and estimates that ar8 rpasonablB and ptu(FenL obsepie Ihe methods dnd princ40￿5 in Ihe Cha nlies SORP, Stale 4vhether applicable accountlThg 8tand3Tds hkve been followed, Sub￿￿ to any material departure$ disclosed and explaingd in the accounls. and lIE￿I￿rrI Ir•knrbd HDspk c¢ tho Flrkkntrm Yéir 31 Idl4rth 1014 plep8￿ the accotJn15 Dn Ihe 9Ding basis ￿￿1&$* it is ifÈappitJpriate to presurne Ihat thF Hospice will wnlirjve in bu$iDess. The Board Is 1è5POnSible lor keeF)in9 proper accounEirng records whlch dlscls)se wlth reastsnab accu ra￿ at 3￿Y time Ihe fiThanoal PQT*ilioTr of the Hospirs andlg enablg il to wnfirm that thf# comply with Ihe Companies Act 20(53_11 18 èEso fftsp0rns1b￿ lor safeguardin9 Ihe assets of the Hosp￿8 and for takiThg reasonabfe step$ lor Ihe prevention and déte¢ttDn of Iraud and othEr irregularities. Dlsclosure of Inlomiatlon to audltors In the case of eèch of the pers¢iny whts kre Trustees at the time thè Tftjstee's Report and FlnantFal state￿¥￿t$ are approved: there 1$ no ielevant infc>rmation, being infonnation Deeded by th8 audilor coDne¢lioTr wilh preparing Iheir report. of which the group'a audiltsr is unaware. and thg Tiust8es, having rTrade gnquiti8& of fellow TtLJSte8s and th8 Group's audilor Ihat they OLTryht lo have in. IEI Qvf OPilliDll the financial staterwllts.. 9iV8 a tTVP and fair )Aew of Ihe state of the group and of the parent affairs 8& at 31 Maich 2024 a nd of its incaming resourc£s and appltcatton of resouit£s. ir]clLKling 116 income and ekpendilure, foi Ihe year then ended; have been properly piepaied In accordance Wilh Unlted Klngdr)m Ge￿WallY Accepted Accountirhg Practi￿., have been piepared in actoidance wilh the requirements of the Companies Act 2006. B¥$l$ For OpFnion We Cornd￿ted our audtt in awrdance with lThtematronal Sland&rds on A4Jditing (UK) {1&48 (UK)) Dd applicable law_ Our responsibiliknes under Ihose stsndards are lurther described in the aulitoffs responsibilitie8 for thé audit of Iha financial ststernents secb'orÈ ot our rEporl. are iAdÈpèNdèrtt ol e ¢harily accordance wllh Ihe ethlcal requirements Ihai are iel&va ni to our avd of at least I¥￿V¥e monlhs frcm whofj the finaThcio1 siatements *rE autho[￿ for i33u8. Our fe¥pon%ibif11ies arld Ihe respon5ibllilies of Ihe Tw&tee$ vthh wspeGt to going (x)llCBTh are deSCri￿d in Ihe IElevanl seclK)ns of this repDrt. Othèr I nformstlon The other informaiion compilses the Inf¢miation induded in Ihe annual report, ¢)t￿￿ Ihan financial s￿lEM•ntS our auditorfs réport theroon. Yhe TnJgtg95 arè re3pDllS.iblÈ for the other infotmalion. Our opiniDTh on Ihe financlal St3￿Men1$ d￿S not cover the Dtherifjforna.ti0￿ and, except to Ihe exEÈnl r]ther¥Yi5g 8xpli£itty $lot8d I￿ iéport, 4Ya do ￿01 Qxpress any form of ÈSSul8 fit ry)nclusion thereon. kefand Fo¢ F￿￿<111 YeiT EI•NI 11 Map¢h 14ll4 In tt)nhedion w5th Our a￿dit of thÈ firtsn¢i&l JtatÈrfbÈnta. Out rè$portSibilfy la to rèad thè olhÈt nfoimatiQD and. in doiryj so, consKler whether the olhei infomati¢)n is malerialty incoDsi$tent wilh the fiAancial statemenb 01 aur knDwledge obtsined in the audtt or olherwFse aPPEars to be m8terialty misstated. If we identify suth rnaiefial inconsigtencies or appareni rnèterial mi5Stalemenls, we are rèquired tè dÈtèfMinè whethEI thEre is a material rnisststement I￿ thè fihahtiÈl staiÈthèrtl$ 01 a atetial rnisStat9Ment of the Qlhel iF)formatiQD_ l*, based on Ihe Y￿rk we h?ve performe(I, v co nclude Ihat there a mateFial rni￿tateMent of this othEI ir3ft)￿at￿Dll, VIE #ie regulte(F to report that fact. Vle have noihlrwJ to ￿port In Ihls ￿8rd. Oplnions On ¢Xher Matter5 Pre5crlbDd By fhTr CoThpanies AEt 2006 In our opinian. basEd on thFr in lh8 Cour￿ ol ¢h& audrt: inforwotion givpn in Tiv$¢e4$' Flgport for thg fin?ncipl ygpr lor which Ihp hn?ryi¥¥l stètementj are prepa rtd Is Cmslstent with the financial 3taiements,' and the Trusteès, Report has been prep5red in 3ccDrd3nce with applieablè ￿¢al ulrements. r thÈ Vr¥ EDtlcd >1 Indèpend•nt Auditors Report (continuedj Mattèrs On Which We Aro Requ5rgd To Report By Exceptlon In the li9ht of the k[￿le1$ge and utKlerstandirwJ ol the Chatity its enviroTrM￿1 obtained in the ￿urse of tho ¥udil, w? have tKIt DdeDlified ￿aterIal mi&statetnents in T[Ust￿$. ReporL We have nolhtng to report in respect of the followiny m¥tterF in rt1dtiwi to whiGh Ile ¢￿￿￿￿leS Act 2(Kl8 ￿quirES us to report to you rf. in our opinion.. adequatè #ttounti ri9 rerords h8ve nat bEetF kept. ot sdequate for OLJf XLJdit have not been received from brantk3 not Vi%tted by LJ$", trr the financial statemenls are Mt In agreement with the a¢countin9 records and retums., or (*rtain di%closui8s of Twslees. temuneTation speciffr8¢J by l?Yi ar8 not maJe: or we ha%¢ not fecoiv8d 311 Ihè infoTrnation atKI explanstiotB we re4uirÈ for Our audtt. Regponslbllltley Of Trustells As explained mtsre fully in Ihe Trustees, ièsponSibi4itiE$ st*terTrpnt, the Ttugteèy {whtr are alsc> the Directois for the pU￿oseS of eomp2ny law) ale re4)tsnsible foi p*epa￿tI.On of the finaThclal stat9Ment5 and for belng satisfied that they yi¥e a true arMI fair view, 8nd for such internal conifol as t￿8 Truste95 detefftinè is necèssary to eThablè the prÈparatÈon of financial statemnls thai are Ire8 Irorn rnateTkal misstaternent. whether to fraud or err￿. In preparing the finanaal statements, the Trustees are tesponsible ft)r assessing the ChaTiVs Èbility to continuo going GoD¢ern, dj$¢losing, as 9F)plI￿O1e, mgtters re1ate¢ to going 8nd using thE going conrntn 03sis of accoLanting unto$$ Ihe Truste8S grther int8nd to I￿ul￿ats the Charity Or operations, or have Do rsalistic all8rnali¥e but to do so. Audlt¢>V$ Rtspènsibi liti8s For Tho Audit Of Th• FiTrancial gtstgm8n Our obje￿i￿È$ Èrè to t￿taIn reasorF8bEfr a￿uranCe about whelhpr Ihp fiTrancial statÈthènts a$ wh(ale a￿ free from materaal misststetneTht. whetherdue to ftaud 01 errDr, and t¢J issue art audilOI'S teport thal inGludes our opinion. Reasonabk assuran¢e is 8 hig h level of 8SSLJrantt. bui is not guaiantee that an audit conducted in accordan￿ ISAS {UK> will a Iw3ys deted a maierial miyAtatemgnt when it exists. Misstatements can arise from fraud or error and aFe consbleied material if, individually or in the agg re9ate, Ihey could reasonably be experted to influence the t¢t￿n￿￿￿c deGisiDns of user3 tsken on. Ihe basis ol these fina.n.cia.I staiem.ent&. Irreg ularilies, in¢ludi ng frau(S. a re instances of wn-c0fftpllan￿ with laws and regulation$. We dÈsign pr[b￿dureS in line with our responsibiluties, outlined ?bov8, tu d8teot m8l&rial misstatemerÈts in IESP¢Ct of ifregul8rilies. including fiau¢. Tho extsnt to which aur pro￿￿ureS arè Capable ol detètting irrEgulaiiti¢s, inrludin9 Iraud is dptsilÈd bEIow. In ideTrtifyirng 2nd S$$essing ri$ks of Material fflisstatertbBnl in r¢¥pect of I￿egUlar1EDe$, ifbtlEJdin9 fraud and norSTC￿npIiance with la4vs and reoulaiions, we tonsidered the fdliwéing: the nature of Ihe industry and Set￿r. conirol environment business perfDrm3nce including dèsiun tsf the rèn)uneraiion bx)liaes, key drivers foi éiièctors, rwi uneration, EK)nus levels and performan￿ ￿rge$s. tesults of our enquiiies of rnanagerD8nt Bbout theif own identificatiotb atbd a&sfjssm8nt Df Ihè iigka Df irr4wularities. any matter3 4YÈ rdèntified havin9 obtaiTh2d at)d revlewed docurrbelltstion of thelr poliCieS and procedu￿$ rel8tirtg to: identifying. evaluating 8nd comptyiThJ with laws and regulations and whether ma nagem9nt Pl&rtThÈMl￿lll￿d Mojofe For fwh*rbtitil l*ar Il M*rtP4 2LIZ4 vrtrè awalè of any ihatancèa of nOn-cOmpli*nce. detèding artd resptsnd in9 Its the iEsks of fraud atbd whether management have k￿W12￿9e of any aGlual. suspeded oi alleoed Ifaud. the intem?I controls established to mitkgale risks of fraud or rkon-CW4pfianc4 with laws arbd re9ula*ion$. the Thattets discussttd among the oudiE engagemsnt tfjam inGluding &igntfirant Gornponent udit tèÈms and rèlèvsnt internal specE31ists, including tam and. v¥lustions specialists ie9ardin9 hcw and where fraud might occur itE the finatEci*I staterTrEnts and *ny potentpal indicators cf Iraud. As a result of Ihese procedures, 4ve ￿nSidered the opportunilies and In￿ntIl¢s thÈt may exisl within the organisabon for fraud and wlentffred Ihe greatest polential tor fraud. In commM wilh all avdils uroer ISA& (UK), we arè a150 required to perform swcific procèéuTè& to respond lo thè tisk of ?)￿[[1d9. We slso obtained an undenstanding of thelggal a[￿ regulaw fraFD8vrforks in opeT?tion, fo¢using n PfOViSiDns Trf thoye and regulatran& Ihal had a dires1 ¢ff¢ct on the dete￿nI￿otF9n of mateiial Amount8 and disc105uiès in financpal stStements. ThE key laws iegulations we tOrlSiderÈd in this eomtèxt ihdudèd f material misslatement of the finaTrcial staternents. whelhÈr ¢Jue to fraud or grror, design an¢J perform audit pr￿edureS iesponsrwe to IhoEe Fisks. aTh obtain audit evF(lence Ihat 1$ suffiGtent appropriate to providFJ a ba&is for Ouf opiriion. The risk of not dElecting 3 m4teri¥l rnisstatemgnt rosulling frDm fraud is higher than for one re$uktin9 from etror. as fraud in)mlve CDIILJsion, ftrgèry, jntertitinaj j¥¥ic)ns, Misrep￿Sent￿tlons. or the override of irtrternal ty)ntrol. Obtgin 2n understanding of interrÈal control ielevant to the audit sn orde¥ to design audtt PTwedures that a￿ appropriate in the circumstances. but not forthe purpose o*expressi an Dpinion on the effectiveness of Ihe intefflal coDtiol. Evaluate the appiopriatene5s (Jf o¢counlillg plllicies used and Ihtt reasanaty18ness of Èeeountihy èStirrtÈtÈs ièlatèd disÉloaurèS frtadè thè TrUs￿e$. Conclude on the appropTiatertess ol Ihe Truslees, use of the going concem basÈg of aGGounling atKI, based on the a￿lIt evFdenGe obtaine¢J. whether a tnatsrial ￿n￿rtainty exists relat811 to events or conditkons Ihat may cast signifi(art doubt on th& Chaiity's abilily to continue as 3 going concer￿. If we rondude that a materi81 uncertainty exists. are rf quir¢d tg ¢rgw gttgntion in our auOifor's TPPQrt to r¢lgled drsdosu res in the fi nanGial st8t&fflents Dr, if such (lisrlosures are inadequate. to m(Klrfy our opinian. Our conclusions ale based oth the aud it evidence obtained up to thE date of our ÈuditOr'$ tÈpOrt. Howevei, futLJre event8 trr eOndib'Dn$ may Cause the Charity 10 Cease to COnlinLJe 8S a goi￿ cofEcern. Evaluate Ihe overall presentation. structure. conknt Df the financial si3￿Ments. including the disclosures, and wl&ther the fingncial s￿ler￿entS represent the UJKlerlyi transactions and events in a marbner that £Ghieves fair presentstion. We communiGate with those charged with governance regarding, among other matters. the TF¥SEqerp k*wrl CoTrJofDOalÈd Fop the FIMrtEtsI ￿lIf r•tted 31 ZaZ4 planned scope AfKI timln9 of the aLJdit and SrgnlficÈnt audlt fir￿ Ings, in¢ludin9 any s￿nIfiCant deficienc4es in inkrnal ¢ontrol that we Trdentify during OLJr Sudit. of our report Th 1$ report is m3de solely to the ¢haiill5 members. as a body, in occord 8n¢e with Chapter 3 of Part 16 of the Companies Ad 2006. Our a￿141 work has been undertaken so that we might state to the charity's rnembers Ihc>se matters we are required to state lo them in an auditor's ieport and foi no olh&r purpose. To Ihe tu11è5t efftnt pemiitted by law, we do not accept or assurne responsibilty to anyone other Ihan Ihe charity ano the members as a bcKly, for our audit Nvotk. for this roport. or for Ihe opinions we have formed. PAUL I)OL4N FCA (SEniur Ststulory Au(litor) Date: For and On bèhalf tbf FINEGAN GIBSON LTD Chartered Acco4Jnt¥nts & Statutory AudiL¢fS Causwiay Tower g Jarnes SI￿81 &>uth Belfsst BT2 8DN UJ JNthJ- 0>4) 4CQrytr ¢ fLi rkfJCQ rJNO InuJwJ ZQ I•DEES to thÈ c￿￿1￿11d11ttt 5ts1im•rff Sor Ihy Ytr*r ErNIEd JS PA•tth IP14 Company Balance Sheet as at 31 March 2024 2024 £'ooo 2023 £'ooo Notus Inta￿9IblE assets Tangiblè 8ssetS Investrnents S8 14,281 14,734 S,6CWJ 6,28Q 19,941 21.072 Current As$¢ts Sloc*s Det>tot Cash al bank and ITr hand t4 15 37 2.162 3,070 5,269 37 3.372 492 3.901 CreditOTS: Amou nts fallln4J due wlthln one year 2.187 {1.5831 Net Current Ags@ts Totsl Assets Less Current Lla biliti8s 3,oe2 2,33E 23.023 23.410 Creditora: AThounts f411 Iny due aftor more than Qng year Nèt &>sèts èx¢ludlng pgnsion Ilabrlity 23.023 23,410 Defingd benefrt p8n$iOnS a$$Et I(14ablliiy> Ntt A5Xts f9 1.979 25,389 23,Q23 REPRESEKfED BY: Restiicted lunds UnTe$l￿￿&[ljn4Js Totsl Charity F tanias The ntsies on p£9es 47 to 77 fomi part of these t￿￿n￿ls1 stalemenls. Th8 statutory finantial JfÈteb￿en16 weie approved and avthori$8d for ISSUE by thè BLVdrd of Tr￿Slee$ and slgned on its t*h8lT by: 2Z 22 307 338 22,716 25,051 23 023 25.389 Chair) D3te'. the Flr1Wtti￿ ENlrytl 31 Consolidated Balance Sheet as at 31 March 2024 2024 £'ooo 2D23 £'ooo Notes Flxed Assets Intangible aT/6et5 Tanglble èsset lThwestrnents 60 58 14,912 1S,369 5,300 5, 980 20.272 21 A07 t2 13 urrènt Asstts Stocks Debiors Cxgh st bank anu in hand 14 t5 89 3.185 7$4 1 .729 3.563 Creditor3-. AThounts falllng due wllhin one yèar ts {2,2531 (1,627) Net Current Ass0ts Total Assets Less eu rrent Uabllltles 23,426 23,808 Qrediiors: Amounts trlllng due after mofe than one y88r Ngt assets ex¢ luding PFJnsion liabllity 23,426 23.808 Defi￿ed be￿fft penslona asset l(liability> N£t AsEats 79 1,979 23,426 25.787 REPRESENTED BY: RE5bicted funds Unreslricted fund$ Totsl ¢har]ty Funds 307 338 23.119 25,449 23.426 25 787 22 e notè$ PagÈs 47 to 71 lorffl part of Ihe* flnan¢laL stalemenls. The Yl8tutory finan¢rJl siaten*nts wèrè appruvpt5 and suthorbgod for issus by Ihe Boar(l ot Tlusleès and signed on its betLaif by= Dr Gerry Date.. (Ch3ir) ltyi1￿ IrElllrKI MtiJpkÈ For Firwrial Yw Erdèd March 2fJ24 Company Statement of Cash Flows for the Financial Year Ended 31 March 2024 2024 £'ooo 2023 'ooo JV¢ttrs at cash provided byllused in) OFeratiny actlvllles IT Cash flow6 from InYestSng ac*lvSt5es Loss on DiypPQYpal Trf fixed asséts SalE of investrnents PuFchase of investments Pvrchasè of ini3ngible fixed assets P￿rChase of fNed ?$sels Net cash flows Irom Investlng actlvltle6 12 13 t3 824 {144) (2) 7B 600 1,589 (fj24) (31) 38 I,196 f 2 Cash lows frorn nnancing acti¥itlo5 (LossV9aiM on pen$KJn ￿herne Othèr gairnsl {losses) Et cash fltsw3 frtsm firt8n¢ing tctlvltitrs 19 13 (2,176) 211 {1.985) 5,151 4,895 CP4an9e In eash and ¢tt¥h trqulv&lents In t year 2,578 (%0) Cash and cash ¢qulval•nts at boginnl ng Df financial year 492 852 Cash and cash equl¥aTgnts it 8nd of finttn¢l&l year 492 r+JrthÈrh IrÈl*hd H th2 Marth Consolidated Statement of Cashflows for the Financial Year Ended 31 March 2024 2024 £'ooo 2023 È'QOD Notes Net cash providE& byl(use(l in) operating activittes 974 Cash IlowE f rorn Investlng a¢tlvllles Loss On Digpo&al Df fi%eO as%ot$ sale of irwe$tments Ih8kl for twafe) Purchase of investmenls Purchase of intangibtÈ fixed a$sÈt8 urcha$& of fixed assets Net cash Ilows from investlng acttvities 12 13 (144} B24 (2) 203 471 1 .589 (124) (31) 340 1 .094 f 2 Cash flo￿ frorn financing a¢tlvltles (L￿￿￿ g ?in on pensiorb $chÈrnè Crthei gainsl (losses) Net cash flows from Vlnan¢lng a¢tkvltles 19 13 (2,178} 211 (1 ,96S} S.151 4,89S Gha nge In cash and cash aqu Iv&lEnts in the year 2.829 (985) Cash and ¢ash eqvlvalents at beglnnTng QT fSna nGlal yoar 754 1 ,739 Ca$h and cash 8qulvalents at end of flronc5al yeaf 754 For FlrMtKlIl Ytaf Et4Ed aj MarGh ik4 Note to Accounts 1. AGcountlng PollGl95 Gentral Infonnaiion Northprn Ir&land Hospi￿ is a. rompany limit￿ k)y guydra￿t￿P ￿01 hgvdn9 a sha￿r capital *Trd h?$ ils teglsiered offi¢e al 18 0'Nelll Road. Neviiownabbey. BT36 &01B. NotlhEm IrelatKI HoJpit* ('H05pir%? prO￿deS SPEcAali$t palEiatFve (xre 3etvi¢£ and support (inEludrng but nol limile¢J to physical. so¢Nal, ¥iriiual, and psychologr¢a I support) in Northern Ireland at bts in- paliEfÈt ho$piGè unil$. IKJ$piCe - (Charilies SORP (FRS 1Q2)). Ite FinanGtal Re[￿rtIng 8bn(Jatd appIl￿ble in th? UK Ropubllc ol ErYl?rbd {FR$ 102) and thE ¢ompanies Act 2006. The financial statomenls are presented in Povnos Stetling e. Ba61s of Consolldatlon Hospi￿ own$ 100% of the issued shale caprtal ol Northern lieland Hospice ffiaoifjg) Llmlted, the resulls of which have been wtwli¢aled with lh8 fin8ncial ststerTrellts of Ho$F)iL* on Ihe basis of net prt>fil bèfotè iaxaiion. GoJnF Co ncern The tiTrancial slafEtnents have beEn prepaFed S goiThg eontem ba$ks. The Tru*le* have revigwe¢ Hospi￿.7 financral p(Bikn'on and consequeTrtPy believe there are sufficient Sour￿5 to manage any opentional Dr finan¢ial iisks. The Board GLMsirlets there is a reasonab 8xpectation that Flospi￿ ha$ ad&qu8tE [￿)U[C&S to cO￿tinue in operatiohal existen￿ fot 3t leasl 12 ortlhs fiom the éaiè tsf sFsn lfftg ol thè attounts and the Board are unaware ot any addilh)nal MaleNal nrArtstnlTr8$ iélated lo ev¢nls or cOndilion8 thal may cast Signifieanl doubt Upon Ho$pl¢*'S ability lo Co￿l￿￿e a5 a goin9 concem. I[th￿l For Il¥ FIrkiy￿￿t ¥EaF ETrgEd 31 rkI￿h 1024 1. Accountlng Poll¢ies Risk 4nd Dve lo the histor1¢ struclure Df staturoty ineomè #nd lrte prèjjure of inereaylrtg costs, the group ha$ beeth iTrcuiring an underlying defioi. E xace rbated by CUT￿￿1 economrc 3npptOQrialenèsa ￿thÈ ￿$¢ of thè going eoncein basis. lfile continue to adapi our fundraising plan ￿ take a¢oount of Ihe changing lsndsupe on¢ ?Te ￿VIewing our strategy ar￿ relaled plans lo de1t4rer the best uulc¢Trme$ possFble wilhin the available [esour￿s. Managemern continueg lo caiefully monitor the situalion and evaluate 11$ options during Ihis t1￿1}e. f¢0 sdjustrn8nts have been made to these f￿anCIsI ststemEnlS al a lÈSutt Induded detèrrèd Incomè. lilil Legaty Income is rec(wJnis8d when it Is probsble Ih8t it wi11 be FecEived. Pècunisry legaeles are recounised when prtil)ate is grafjted. Re$wJuary legacies are recognised when eith&r proba1@ has been gidnted. the Estale accDunls have bEen approved and any conditions have been fulfilled or il notification Iiom exe¢utors ha& been re¢*ive of their intention to o (di&tsibutiov. I￿•Tr Gins in kind are vilued at Iheir realis￿1 amount, Qr the 4moFJni e4uivaleni i¢ an aNernalive c¢fftim8tcial supply and are induded irj Ihe Stalw￿1 of Finan¢io1 Actkvil1￿ vthen sold. In accordance wrth ChaittiÈs SORP. volunteèr b'mè ia not ree00n￿sed In the financial siatements. (vl Gtants. Including gr8nts for thg purchase of fi¥8d 8ssgts. aro r9cogtLised in fujl in Ihe Statement of Finan¢ial Aclivitiès In the year In whrth Ihey £(e re￿I￿able. ¢vib I ncome from Ihveslmgnts is induded I￿ the year tn which it is iecètyab￿, Ihè athount rneasur8d i*lÈably. (w'll Education incomè 1$ iecognised in thè pef4¢)d in which the ed￿CatION prooramme bs deliveied. 'iil Stalutory Grants recevth and ra¢@ivable from Ihe Yru$ls i% ac￿[j￿18￿ toi t>n Ihe basis of the all¢>Gate¢J amount notified for that financlal yèar. Ilx) In¢cKne Irom all uthEr Sou￿5 IS rec￿nI*d when receivEd. Hpspl Fw the Finar￿1 Yelr Ended 31104rGh ID24 1. Accounll ng Poll¢les (Contlnued) IExpeN tliturè EMpendÈtLJf8 rs rewgnised wh8n Ihere is a18g31 or ronslttjctive oEJltgalion to rnak8 a pa￿￿11t to a third party, It is probable that settlèmènt will bè ie4Liired, arbd the >M￿nt of thè obl&ation Can ￿ rneasured T481iably. All expendbture is awounted for on an accrua15 basis and allLTrcaled to Ihe appropriate hgading in the finsncial ststerfbÈnts. I￿e(x￿¢e1abk VAT i¥ chai9ed a* a tosl a9ainst the related a&lvity. Direct wsts ere thoso ¢osts inwrte¢Y specth•lly on Iha ￿re ¥@rvices provFded by Hospi￿ in c¢ordan¢e wlth ils obJ"e(as. Suppon cosis are those Costs, whÈch are in¢urrea cerplially In suP￿rt of txp8[￿lE￿r@ thE obj.ecls o* Hospice. The lolk)4wng 3p8clI￿ poliGies are applied to particular eaiègoriès of èxpenditure: Fuftdra ising costs ère coytj Incurred in oenèraiino Ihe volunthry Sncijme ol the H09plce. 2nd a$ such inclvde Ihg co%ts of producitkg adverli&jng pvbli¢ty mataiials. th& direct costs 4Jf fundi8iSiThg events 8Trd PO31al appèals as weil as ¥alary (￿t3. commercial tradin* expenditu and an appropfiaie alloGation of suppon ¢o&t$, il. Expendilure on tharTrtable aclavities intludes Ihe co8t8 Int￿rred In undertaklTrJ Ihe various a¢tivitios whrch are perfomed for the t*nefil Hospicg'$ bgn8ficrarigs induding Support ¢osls and costs relatiF)# to the (*arily apportioned to chariiable actiVitFes. Govgfflan Gg co&1¥ arfy colts Ifalating to ¢hg intra&truclu re a￿d genotal njnnino of Hospa• ? opposed to dlrect managemerpl functi¢ns. These msis Include audii and professional fees and osts as8ociaE8d wth constilutional and ststuloy rEquirernenls. ThÈYÈ eosts are &llLryC3tad a¢ross the costs of generating funds and charil3ble activities. Olher expendFturE teprogents FteEn& not lalliTrg vnder the above headin9S Such ay roan inteiesi costs. Th8se costs allocaied 3cross the cos& ol generaling futKl$ end charilable aclivilies. Rental costg p8yabJè under operating125$eJ #rè chsrgEd an a $tr2ioht-lirbe basi5 OVEr thè12&3è teim to Ihe sialernent of Financial Activities. All¢xalion of S ort Co$ls Support arè those funclitsrt* that 8$5FsI thè Work of Hospi¢È but do nol di¢etFy uhdèrtakÈ char413ble a¢tivitles. Supporl cosis include coipoiate services co$ts, e$tatss, finance. PEtsonnel, PayToII and 9ovemance costs which support Hospice's progt8mmes and aCtiVrt￿s, The èasi$ on whth support costs have been all¢Kal& is s8t oul in note 7. IIOJ TrLdEÈes thrwllt￿￿￿l the Flnarrtlal Ve4r Er•Yed 31 Mir£h 3034 l. A¢¢ouhtSng PollciB$ (Continuod) Funds ot the Charlty All Iiansactions of HospicE have been rètoTded Ènd rèported aa ineAyme Into or èwnditure from lunds of thB chattty whi¢h ¥re clasEified as 'iestricled' or'unFeslrÉcted'. I ncomè Is rèjititièd whereby donor or grant instilution has sp&crfied Ihat It Must bè usèd for a pa rti¢ulai wrpose ment Ivloioi vehlctes 2%-4% 5 years ¢ivèr 3 years 5yesrs It￿1VIdUal limed assgts, LÈ&ually GO&tiTrg E5,0(X) or rnore wilh a working life of moi@ than 1 yeji. ar6 capitalised at ￿St. Freèhold land ia not dèF)rèeiatèd. Car value of land and buildi H05PiC@ fv8ehol(I prowrtÈes were professionalyy walued at 31 Ivlaich 2012, olher Ihan thg S(m8rt0 lacilty whieh was v31u8d at 31 Msrch 201B_ All propErliEJS have be8n included IN thè FiNaAcFal S&18mÉnts c>n a (lepreciated ieplat%ment Cosl basis. iv thé CothwStP*réd ST*fEfrbÈr For thE knirKlal ÉndEd Ji •Alar£h 1¢124 1. Accourtstlng P¢lSc1*6 (CoThtlnueO> ImpAlmient of A59ets Assets. othor thsn Ihosg ny6asut8d 01 lair valug, ale a5￿5&ed for indKatots of impairrnent at each balance sheei ttate. 11 therels obJe¢tlYe evidence of Imp8 Irrnent. an knpairmeni Eojs 1$ rec¢gnrsed in th@ Stat8m&nl ol FinancFal ActivitÈ85 as O8$cTib8(t befow. An aswt is impoired wltere Iheie is obiecli4E eV1deTr￿ thai. a5 a result of one or more events that rteu rrèd èftèi initial rèeogniliDll. Ihe e8tirnated recijverable value of the assel ha$ bEen reduced to below tt$ caryying amount. Th9 rec¢veiabfe amount an asset Is Ihe higher of its Pdir value less costs to sell èn¢J it8 valtje in use. IMhor@ indÈc2Eors gxist for a 4e¢rea$e in rryJp?irtnent k)$s. the prior impai￿ent Ioss 15 tested to deiermane reveisal, Pffjb impalrment Itks Is reversed Dn an individual Impaired asset 10 Ihe that Ihe revised recoverab1& value dD￿ not lead to a 18vi98d uirying amtjunt hvJher th3n Ihe utrying value had no tmpaifmèni beèfft rettognised. FlnanelBI In$irumènts ijnly holds basic instrurnentg atKI has Bhosen tll adopt sec11D￿ I l of FRS 102 in respect of fiDanciaf in%truments. Frhanclal assèts and Ilnanthl Ilabilllies ale rèco*nised the corhpany teccthÈ> A P&rty 10 thé O￿traClua1 provisions of th& insltUm8nt. Financial liabilitFes ara dassitieé acci)Id1￿9 tD th9 $u)$ian ol Ihe ¢¢ntractual arrangements enie red Into, All financial ass￿5 and Ilabilit￿$ ale i rpitially measu red at Iransaclion pIl￿ (including tran5￿ClID￿ CO&ts1 unless Ihe arrangernent constilutE5 a fi(Ean¢ing brtnsaction. If att arra eoAstituiès a finaneÈ trafftsaeipon, thè financial assèl or finart4a I liability rtkgasuied 81 the P143$gnt valEJ8 ol the fulure pas￿￿￿￿ts di8coLanted al a rnarket rate of interest for a Similar debt irFStrument. Finèn¢ial a55el$ inGlud? otebiors and Gash ¥.t ba in Trw.nd. Financial liabilities include credito[5 (Excluding S￿1￿1 Security. Nl c05ts>. Finanryal a$sets ore dereGo9nise(f when and on5y 4vhen a) the GonlraGtual lights to th8 (x$h Ifows Irom thè finaneiÉl asgets eXpE￿ or are settled. b) Ihe company transfers ￿ t4noiher party substsnlis lty all of Ihg risks and Iti4Yards of own@Iship of th@ fiTrancial asset, or c} Ihe cornpaTry. despite having ietsinecl yome Signrficant risks and rewaids of ownership, has transferred control o* rhe 3SSeE to another party Iha other pa ty ha$ Iha pracliBal abilily lo sell Iha asset in ils entFrely to an u nielate(r thir(I pany and is abk to exerci* Ihe abilily unilaierafiy and withoui needing to impose additio(￿1 restrictlons on thfy IiansfErr. Financial li3bililies are ttere¢ognkBe4 only when Iha obligatKJn ￿p￿lfi0￿ in the contract is disch3rge4, anceiled. or Èxpire$. thal ¥re ¢la$sified as payable or recer4rablg Wuthin year on initial ￿c{￿J￿1tioTr are measured at Ihe undlsccunted amouni of Ihe cash or Olher c¢nspdèraiioTr expected to be paid or reGeip•d, net ot Irnpji￿r￿nl. I￿her1￿ For the F￿r￿IllI Yèar EhdÈd 31 2Q24 l. Actounting Poll¢ies (Co NU.nu9d) Taxauon Northern Irelafid HospiÈE's adivilte> fall wifhirt Ihe Èxemptltsns afforded by the provision$ of Ihe Incorne nd CorporalK)n Taxes Act 1988. A¢cordingty, Iher& is tbo tsKat4"w cbaige in thw accljunt L9gal Statu5 of the Chadty Northem Irttlknd Hoypi¢& ss a 189iSteied chatity arKI a compa ltrntEed by guarantee. Eath of Ihe rnembgts of the company h&s 9uaiaThteed ts contilbute to the assets ol the ¢¢)mpany, in the thfefÈt of Ihe same kin¢ wound up. to thEr eKlent of £5. Inyostrnonts Vpthere investrneni prcbperties 2re held, Ihege 4vIII be prolessionally Valued at Balance She8t date open market basis. 1rnpa.inn8￿t will b8 Ix>nsid&r8d on a n annu al ba3ks. with Ihe re$￿tting surplus or defi¢it ansln9 bEing rÈff ècted In stalemeni ol Financial Activilpes. Inveatments tre $tat&d at rtprkét valu& as at the balancè sheEt date. The $k￿meni ol financial dtvities include5 the net galn3 and losses arising on [evalual￿n an(1 disFKJ$a15 duritEg th& year. stocks Sloeks y99 bonefits a¢¢iual A fiabilty is recognised to the extent of 8t)y unused holiday pay efttitlement. which is 3ccnretl at thB Ba laTr￿ Shéet dat$ a nd &3rried forward to futuro period&. This hs rneasured at the unctiseuunled salary CA)St of the luture holiday fsnlillBtrbEnL and aecrued at Ihe BalarÈce Sheei date. Penyions IielarKI H¢)SpI￿ operaleB Ihree pension schemes (Iwo dgfined b@n&fit and One dèfinÈd Contribution) in respect of catlain fflembers Df staff. The as>ets tsf the variOQS pènsion schernes ar8 adrninisteied separa.tely from Ntsrthern ITeland HDspi*'5 alfa.irs, fined Benefrt S¢hèrTrES NILGOSC Dklss For Ihe be 8chemes, Ihe amounts Gharged in expen¢Jituie dre the Gutrent $ervice ￿Sts, 03 In8, and108se$ on 88ttteme￿ts and curtsilmenl¥. Past.service costs are rectrjn Ised immed lately irb Ihe incom& ar4 expenditurè a¢xount kf the benefbt6 have vested. If Ihg tygrhefitg have not vested Ir￿￿[1 Hos For tho 31 f41Arth 1014 Immediatè￿. Ihe eoata a rè iècognisEd ov9r Iha ￿rIOd unb'l ve$ling 0￿￿r$_ Th& inlerest losses are 0gni$gd in thg 'oth￿ recogDised gains and Fosses.. The defined benefil schemes are ￿fftded. with the a$*Èts of scherne held separatety Irom Ihose of NarthEttt Ireland Hosp[￿. in TrU￿Pe-?.¢rnin1slPr￿d furFd$. Pensi¢n xheme asseis are Mea5￿{erJ al fabr value and Nabilbties are me83ured on an aclvatial ba515 using the proj&ded unit credil m@th¢xf and discounted gt s [8t8 8qurval￿l lo Ihe current Tate of relum on a high-quality COTp>rate bond of equivalent currency 2Trd terni 10 the schÈmÈ liÈbililFe$. Thè at￿arial valualions are obtained evary Ihre& year¥ ?nd are upd*ed at each balance sleet dèle. The re$vlting defiraed benefit asset CK fiabillty is presenied sepaiatety after tslher net assets Dll lh8 la of Iht bal8nts $hÈet. Defin8d c￿￿trIb￿lIC)n gch The Pèoples. Penslon Ftsr the defined contribution scheme. Ihe amount chawed to thp Stalefflent of FFnaneial Activita'8s in tespect of pensTrDtt costs atEII othpr pr4st-rfyti rement benefits IB the ￿￿tributIon s pay¥lJFe in Ihe year. Dirterences betty￿n contribul40n8 pÈyablE in the ye8r 3nd contributiOll¥ SCtualEy P3KI ar8 shown as either yccrkjals or prepayrnants in tho Balance Sheet. 2. Critic81 A¢¢ountlno Jud gam•nts and K•y Sources Of Estlmatlon Uncertalnty In Ihe applicalion of Htsspice's acwuniing policles. MthFeh are destrrtiÉ*l in rtote l. Ihe T￿StepS gr8 required to make JLJdJernent8, estimates alld ?s&umption$ about Ihe carying 8mounts of assels and liabilities thgt afe not rea(lily appaieni Irom other source5. The estimates and associaied éssumptions are b85ed on hl$toric81 experience and tJthEr faclons that a￿ considered to bo rel¢v?nt. A¢lual results m.ay differ from Lhese esiimates. e esiwntles and urrflerlyino ajsumpiiony t￿ feviewed on an onotrino basis. Revisionsto accounting É31imales are recogniSEd in the perioEI in which Ihè e&tirnat& 1$ rfrviséo IF lh8 revisN)n affecis only that peTrod or In the peipod tif Ihe tevispon 8nd fulure perK)ds if the Fevtjitsn Èffects both eurrent lulure. Critlcal jtsdgements In applylny Northern Ireland Hi>splc&'% accountin9 pDlicles' The following aFa Iho CTilrcal ju(fgernent8 Ihat Iha TEUSte4s have rnado Èn th8 proc9$5 of appPOng thè a¢counlJ'n9 policies and that have the mc>SI sion1f￿ant efkcE on Ihe ￿M¢￿nts iecognised in th8 financial stalernents. Lp9acy In¢om Legacy income requlies Jud9ern)ent aèDtsI the probability of re*ipi, which aftecas the ttmln9 of inc¢)rn9 reco9niliaTr. A& at 31 March 2024. the amount arxtu.ed fgr1ggaGy inGoffj.e was £750k, o$t allvGatSon Support costs ale a4kJca*ed to charitable ACIIvities. J udgement 18 reguired in deiermining applying (x￿t driv8tS sppropiiate for support activity. arrylng Valuo of Dgbtors Hospice makey an estif¢iale of the Ca￿lA9 val￿￿ all debtors, ￿C1￿ling Gift Aid ieceivablp. Plospi iWS estimate5 based on hi&torical experience in deterniiniThJ the caiying value of rsebtors. P4JrtlTryrn FlrHrbtFal Fir4tKlal ￿r Er￿e&S1 f4Wch ID14 Actuarlal Assumptions A qua1pfied indfrp&ndent 8duary has valued the NILGOSC defined-beF)efii ￿enS￿n scheme i aGcor(lan¢e wilh FRS 102. Signifi¢irql jvdgemeTrl is Fequire¢ in ¥ nvmt)gr ol grp¥$, inrluding hjtsjie Chawes in salèrifs inftJtion, fflortalty F8tes and the sekdion Of appropriate dlscount tates s. t)onatlons and Legacles COMPANY 2024 Restrfeted Unrestrlcted Total £'ooo £'ooo £'ooo 2023 Tota I £'ooo DonatPDn Coven anted donstitsns (note 23) Leg3cies 1.08 4,603 5.691 605 S05 2,890 2.890 5.063 662 2.927 GROUP 2024 Restricted Unrestrlcted Total E'ooo £'ooo f'ooo 1,088 4,603 5,691 2,890, 2.890 7A93 8.581 2023 Totsl £'ooo 5,063 2,927 7,990 Donation incorne Lepaciey 4. Gharfta ble Actlvitles Restricted GTÈnl kn(x)Tlle fa1b within the donation In1￿me cate90ry. COMPANY AND GROUP 2024 Total £'ODO 2023 Totsl È'ooo Restricted U nrestrfcted £'ooo Statutory Funding HSCB SEHSCT NHSCT 14THSCT BHSCT DHSS & PS Medical SUMDE Cancer Fund Cotnmunty tsianl Other 5.502 1S S.502 16 761 40 5,382 16 712 97 27 1(Kl 61 337 40 50 22 50 22 6.808 6.898 6,712 DÈpartMènt of Hèalth VVHSCT E(fucats'on Irbcom8' 89 Totsl 6.899 "Educ8tron In¢￿1￿ tsgen ￿C1s55￿6d Into 'Ch&Trt&bltt AeitvrliÈS' line with Charilab19 C>bie¢l& B9 78 FEW ￿NI￿rEdY￿￿r EndEd JJ Marih 2LW S. Other Tr&din9 Activlll@s 2024 Totaj £'ooo 2023 Total È'ooo GROUP ONLY Aestrl¢tgd Unrestrlcted £'oots 'ooo ReiÉil yale of donated and puichgsg(1 >(pods 3.430 3,430 3,289 6. Investment and Other Incts￿e 2024 rotal È'O(w) 2023 TotAI £'ooo COMPANY Rèstrlctèd Urtrt>ttittÈd £'ooo £'QLIO Investment I￿￿rne anag￿￿9￿* cha rge {note 23) CVVKI - Fuilgugh incorn8 OthÈr Intorne 161 191 1fj1 124 142 27 379 27 379 42 308 2024 Restricted U DroslrE¢tgd Total t'ooo £'ooK> £'ooo 2023 Total È'ooo GROUP Investment Incor Other incorr 161 27 188 IS1 27 188 124 42 466 Tt y fj (1>￿T￿ 1111 u u( <22uwLU tOZOULLULUQ rw¢ p> ¢0 } It In £8 trj I IE kf> *4 %x% J ij tj 4tUWL ,}}jl15111 L7 o2¢ozrJLLUW 8 22￿￿8- J r Cpl xa 1-111151 £1 uouL)o(tO >lQ) 4** IP r4P trj P Ln V) VJ uuuuu((o C)￿ tb q> 4X<up 2024 Group CompaDY company 2023 2024 2023 No. No. 221 242 31 31 47 CliTrica1 eaie Income G8nEration Supporl Reiail 221 31 47 71 370 242 31 7Q jeg 299 319 Staff costs co￿prfB￿. Group 2024 £'oo) 12,277 991 822 54B 129 40 14.807 Group Company Company 2023 2024 2Q23 £'ooo £'ooo £'ODO 11.874 10,Y33 10.$46 1.017 B87 9-16 778 817 773 594 497 533 119 90 Salaiies and wa¢È$ Swial 5ecurtty costs Pension - OHSS PeTr3ion - Nl LGOS¢ Pension - People's Pensitin Re¢Jun¢Sancy co&t8 40 13.189 14,382 12,8S8 Slglf co$ls stated above weie Irealed as an expense of gfQVP ill thp finan(xal yttar. No amount was ezpitali5Ed iTrlo ?ssBts. Induded group staff cosls is £935K (2022r23: 11.281KI which paid in relaiion to Sl8fl (mainly Clinical Care) on externèl contracl￿ secondmenl lo Hosplce. KEY rnBnagemeNt cornwnution Kay tnsn39gmÉrhl includes Ttustees and of the CutPDt8te Leadership Tea m. Tho total remuneration for key rnanagement pEts¢mnel ineludin employer peDsion ¢ofjtribut4on% and effjployfyff s NIC for the fjnanc4al year bs shown bew. 2024 £'ooo 2023 £'ooo TrUs￿S Coiptsr&t& Lead@rship Tga Totsl kry manay8Tllgn¢ competLSation S14 514 528 528 Therè a￿ nts emoluments paid to the Tru$iees Itt eilher year. T￿5[￿t5 4f•S (￿$￿￿e￿ 5TaternEnl* F47r ￿Tt￿l￿132 8. Employ￿$ And Remunerallon (Continiied) The Board of Trustees RErnunBratM)n Svb-comrnitlee decFdes upon Ihe sa lary rèMunÈtaiitin to the ChiEf EMe(xrtive o*fi(¥r arKI lh8 four Oirxtofs. The CrJmmi#eè eOnSFd*s a nvmbEf Dt rnatters In arriving ai irs decisions, IndLddity pÈrforffl8nc& and ￿nchmarkS wilh senKJi managen)ent atbd 18adgrthT> iefflungrotKJtTr paid other healthcare ¢haiftieg And $ectOES. Employ•e bgngflts exceed Ing £60,000 The number of employees whose total èmpfoyee benefrt8 (including basic pay, allowar4ces. overtime. night duÈy. wEekend&. on-call. arrears and &xcluding employer Nl, employè¢ pèn$itirt costsj for Ihe pon4ng pei*Jd fell With IrF each band of t10,(KpO trom È6￿,0￿ vpwarU$ ¥re as follo Group fjroup Cornpany ¢ompany 2024 2023 2024 2023 No. No. No. Behyeen f60,W1 and È70,000 Between £70,QOY ano £80,000 £80,001 gnd £90,000 Between £gJ,001 and £100,0 Behveen £100,001 and £110.WO 10 10 Thè Èbove fft9Ufes indud£ mactical stsff who are Fernu rbeRted in liTre wilh Nationa I Consul￿nt te￿[ and condil*)ns. The ChFet Execuii¥e Offitsr's salary 13 wTlhin the tgOK tu £100K bar￿. 9. Net Incomel (Expenditure) The net in{x)rt￿l (expenditure) for th8 financia l year is Stated after chaFgin9 Ihe followiw: Group Gr¢up Company Company 2024 2023 2024 2023 £'ooo £'ooo E'OOO Tru5tee5' iemuneratjrm Staff PEllSiOn cantn'butions Qperating 183sg rentafs DÈpieeiatltsrt {rtotè 12) ALKlil 91 the tLrhan¢ial staternents 1,5CKJ 438 657 25 1,491 4S8 657 25 1,410 12 531 17 1.396 24 54S 17 10. Svbsldiary Northern Ireland Hospice own$ Ihe entire $hao ropilal of NorthorD Ireland HosplLY ff rading) Limiied. Oeiails In respect of NortheTn I￿rand Hospi￿ (Trading> Lirtrit@d aFe set out b810w.' Country of Incorporatlon Vniied P¢Jn#dorn Narng of Tggl$tgrgd offlce Northewn ITeland Hosplce (TrAdino) Limited Prl nclpal Aetlvity S8lE of dDTr8ted goodg and giftware Regorl Portrrf Fjnlr￿lWÈt￿e￿ 31 ID14 Results lor th9 ygir 2024 £'ooo 610 605 2023 £'o 655 662 Piofll before taxaiion. ￿et intèrest and eovènanie4 dohaiiofi& Coven anted donations (note9 3 and 23) Ntt (lossy profit for th8 y8ar Flxed assels Cuffent 3$sets Gu￿￿nt liabilili8S NonNcurrent liabiliti Totsl ngt aS69ts 630 634 265 (301) ($4e) 703 698 Covenanted donaipons. Mthi¢h a ￿ qualifylng Gharil?ble dorhgtion$ ynilei the cornpany Gift Ard rules. ol t605K {2022123- £662k) were NO[l￿rn Iieland Hospice ITr8d Ing) Limited to North81 Iréland Hty>i¢è durlfftè thÈ yèar. Donaiiona ¢if £452K {2021?3- £299K) ￿tter4ed by Northèm Irèland Hospicg ff Tgcling) Limited, wheitt donors have gTR aided their donations, hawe been accokjnted foF iri the btjoks of Norlhern Ireland Hospite. tntangilJlB Assets OMPANY AND GROUP Website Devel¢pmen¢ n Markat v4lu• at 31 M?r¢ Tpjete wete no indlvidual sha￿lI01d1￿v￿ rjr investrnents which are Ix)llSKlered lo be material wrth regaKI to their Narkel values and proportion of the pJnfofJo as at 31 March 2024. 14. Stocks Group 2024 £'ooo Group Cornp&ny Company 2Q23 2024 2023 £'o £'ooo £'ooo Sto¢k 95 9$ 89 89 37 37 37 37 IS. DBbtor8 Amounts falling vAthin one yEai: Group 2024 £'QDO 49 Group Cumpally CoMpBny 2023 2024 2023 t'oo¢ £'oou £'ooo 242 49 242 40 41 1.258 2,57$ 334 277 481 237 Income tsx recoverable- gift akd Value 8dded tax rEcoverabl Other d8btors Prepayment5 and aecrued itktorT Due Itgtn subsidiary comganies (no 23) 1 ,258 2,575 303 1 ,729 3,185 2.162 3.372 oth￿ d8btors in¢lude £750K <2022r23: £1,624K) of accrue¢J income for le9acigs. All {B8bt0￿ aTe due Ilhin one yeÈr. All ￿a￿0 dEbtars are due withan the cumpany's noiEnai t£rm3. which 15 30 ¢5ays, Trade d8blots are show￿ net of inpairrneni in ￿st￿ct of doubtlul ￿ebts. 16. Crgd ètors Group 2024 £'rMo Group Company Cornpany 2023 2024 2023 £'ooo £'ooo 'uoo Atnounts fpllin9 within one year. Trade credttors OlheT credi￿r$ and iLttu#l 292 1.961 2.253 452 1,175 1,627 279 1.908 448 1.115 1.563 rh8 repayrnenl terms of Iwade CTeditors v3ry belweerb and nillety days. No interest Is Payable ort tradè credilors. Tax and social irssLJrance alEsubjÈct Its Ihe tÉ[tr￿ of thè re￿vanI legislation. Inter8st a¢(xues yn la￿ paymeni. No interest y4VJS due at Ihe financi31 Y&ar￿nd date. rh2 lertn$ of the a¢crua15 2 re based on the uradeitying corrtiacts. other amounts included within Grediiors Trot v)verg¢ by $pe¢ific nole disclosuies are un5ecu￿d. irii&re5t Iree and repayab￿ on d8rnarJd. TNStet5Jtewt4rrfC￿s￿i1trfFlfft￿￿1 For *￿IT￿r¥I ¢Th*ctl zi 2014 17. Note to the Statement of Cash Flows OMPANY 2024 £'ooo 2023 £'ooo Net incomel (expg ndrtRtr@I for thg reportSng perfod (as per thè Sthtèmeni of Flnan¢lal Attivities) (401) 11 ,B89) Ad Stments lor: Deprecistion (note 12) GROUP 2024 £'ooo 2023 £,0(￿D Not IncOrn￿l {gxponditurg) for th9 roportlng perlod (as per the Con￿lIdAted Staternent of Fi[￿ncl￿E Activiti¥s} (396> 41.897> Ad ustments f¢r DBpre¢ialiDn (InGreo$ell4eGre¥%e in $tock (1￿C￿e85e)ldEc￿e￿gE kn debtur¥ Increas&1{decreas&) itF creditors Ms)vement in pension s¢heme defit Net Cash provlded byl{ugtd In) operatino ttctivitles 657 (e) 1,456 626 1.979 4,31 S 657 (17> fl.167} 87 14,e371 (£,974) 18. 0￿rIting Lease ComThitments Hospiw is ¥TrnJrDrtte(l ¢0 Ma￿￿rIg ftJllowin9 payments, in resped gf QPf#ralin9 kases., Group Group Company Cornpany 2024 2023- 202 2023 £'ooo £'ooo £'ooo £'ooo 284 289 13 974 B07 19 558 492 1.816 1,5e8 32 18 'G￿0￿￿ OPètatihQ Fèaaè eothrt)ilthÈtrta indude Morthern I reland HDspice ahd Northern Irelan¢Y (Tiading) LimilFJd fi9ures. Pievious year fi9uTrs have been restated to include Norlheffl I￿18nd ff radiThg) Lim lied ¢per¥iiny Peases. Thps doEE not impart on thE profit and Io3s PleViDUSty ptesented. Payment1* Within rpgxt year Payments wtthin the nexi 2 to S ye8rs Payrn8nts atter 5 years 514pwI Nrnllr4tiil 54NtfftETrts FthTtr FlrunttslvWfr￿td )1 1024 19. Pgnslon Schgrno Northem Irèlafid HospKe OPEt&tÈs three penyltsn scheme3 in respe￿. ofcerÈain members of staff. Defined benefit scha s: NILCOSC DHSS Th8 assets gf the delined benerrt pen$ioo schemes are hgld $¥)aTat81y frorn those tjf Ho*piCÈ and a re adminiSlÈrèd by Nl LGOSC and DHSS respeclivety. Foll¢>wiThg a change in legislalbon in SepteEDbgr 2Q05 theie is a potential debt On an employer Ihal Goukl be levied ty the Trusttes ol the Pension Schemes. The debl is due in the event of IhE 2mpl¢)yei cessing to participa￿ in thè Scheme or the Scheme winding up. Thè dèbl foi Ihe S¢hèn* a& a 4vhole is calcula1r￿ by comparing thé liabilrties tor the Scheme wilh Ihe asgets ot thp Sth8tnp. Hospice undgtstarKls that no potenlial empkjyer debl fbgures. as ot 31 Msrch 2024. have bèen c21culÈted ftsr Èach empkJy8e participatirbg in the DHSS Pension Scheme (als¢ J(no4vn as H8¢ Pgnsions,). Employer contribuiionts lo Ihe DPISS 3cherTbe are 22.5% and @mployE3e c￿TrIFibLJtItr￿s lange be￿eeTh 5.14% and 13.5%. The conlributionE eharged ta the sta￿Ment of Financial Activiiie& during th& financ4al yeai aMOun￿d to £822K1202ZW23: £778K). A revlew of Ihe NILGOSC pension $¢herY* was eairied OLrt durino 2014. After consulliDg wi NILGOSC 3ffe￿ed slalf, arKI lakin9 prolessional advice. a deciSiDn was taken to ch>se the s¢heme 10 new enEr£nts. *r(H￿ Auoust 2014. unFess thelr pay grade wab at 8an¢ 7 or abpve. I - addition. 8 WETrmilment given to $etOe thfy ngt pen$K)n liability over Ihé ￿èxt 13 years. by maklng additiona1 anrbual tontribulitih$-thè¢e no addlliC>hal payment required for 202312412022r23: tnil} Htsspiee rTrakes eTnploygF CQEltribLrfiDn% to NILGOSC. which 1$ a funded $thèrrbe of Ihè defined-benefit type. NILGOSC is a final-salary conÈiaded ou* occupational pension Scherw. The fund iyp invested ifi s uitable investrn&nts, by the Cotnmittae. For 2023r24, IhE CQlltribLJtiOrn raÈs were 27% for employers and iangino between 5.$% and 8.5% for employees. The assel at the 9nd Df March 2024 £3.$56K, however this asset not iÈcognized in linè with Ihè ieport12023124: asset of £1.979K). NILGOSC: COMPANY AND GROUP 19. Key Assurnpti ons 31-Mar-24 31-Mar-23 per anThurn 4.80% 2.60 2.60 2.60 4.10 per annum 4.60% 2.$0% 2_6D% 2_80% 4.10% Disco￿￿1 ratè CPJ Inftalio Pension Inc￿2$￿$ P&nsion a¢counls rwralvat4oD rate Salary in¢￿ase8 TnEfEES REPDrt Ènd tDfkFdltlvted Hrurbd41 Ftsr thÈ Fi￿￿¢131 ye￿ EfvYÈd 31 Mèrch Penslon S¢htn]e (ContinuEd) ortslity Assurnption The mortalily assumptrons al Ihe Secounting date are t3sed on actual Fr￿rtaIty eKpg1ience of rnernbE￿ Within thE% Fund on analysis Carri￿ oui as part ol thè 2019 Actuarial Val￿atIon allow for expeCt￿y luture mortaliiy imprOverrÉnt8. SampEe lik expECtanci2s al age 65 nonnal hea Ilh resultln9 frorn these mortalty a*p*umpt40 n$ i& $fFowTr below. Mortallty As8ufftptlo M&18 Pensloner Memkr aged 65 èt ècix)tJnlin9 dat Aclive rnèinbEJr aged 45 at accou nling daio Fema19S Pensioner Mernber aged 85 at a(KOUnting #ate Activ8 rnembor aged 45 at a¢¢ouffitiry datè 3t-Mar-24 31￿ar.23 21.7 22.7 22.2 23_2 24.8 25.6 2S 26 %at 31-Mar-24 Valu8 &t 31Mar-24 Valu¢ at 31Mar-23 J1-Mar43 Asset Allo¢*tion EquilJe% Propèrty £'ooo £'OOD 29.70% 9.3 7,OS1 1.$52 41.30% 10.50% 20.50% fj,555 1,667 3,254 Bonds CoTporate 15.1)0% 2.e64 2.7L 429 4.80% 817 r41ulli Asset Credit Cash OlhEr Tr]tal 13.10% 2,079 13.OLf6 12.40% 6.W% 100.00% 2.309 2.202 5.9 93$ 952 15,872 17,761 Reconcl Ilatlon of funded status to Balance ShEet Value at y14￿3r-24 £'ooo 17,761 {14,205) 3.556 13.556) Valua ot 31-Mar-23 È'ooo 15,872 (13.893 1,¥79 Fair vAlue of assets PieseTrt valu8 of lunded defin*a beThefit obligalhjn Fundod Ststu$ Unrncognis&d A￿@t Ass&t recognls@d on the Balsncg Shwt 1,579 For EndEd 31 f41uch it 19. Pe nslon Sc heme {CoThtinu￿> Year E nd8d 31 Mar-24 £'ooo Y•ar Ended 31 Mar-23 mount r￿QgnISed In Statement ¢f FSnancla l Acuv Eti• Op&Trtrry Cost Curieni StrNity ¢o3l Pasi seNr¢e ￿$[ Finan￿ng CrJsI Int@r@st on ngt defined bgnefrt LiabiltyJ<3sseti P8n¥ton 8y>ense rec¢¥ni*¢J ID tlbe Stat&men¢ ol Financial Adiviiies 451 1 ,036 103 1.102 All¢)wance for Adminlstr&iioTh eynses Fncluded in CurreDI Ser￿e C051s £0.011 m. Amounts recogntsoil In othor rfjcogni5fdd gain5 and Year Ended Year Ended logs9S 31 Mar 2024 31 Mkr 2023 £'ooo £,9 Asget gains1(IossoE) arlslng durillg Ihe peiitjd Actuarigl gaiTrW(loYAes) due to Changes in TID?nGio1 assumptioris Aetu&rial 9aiTrsl(10sses? dug to chan9@s in demtsgfaphic assumptioDs Actuarial gainsl(losses} duè to liablllty expeTieDce Liability (Iosses)1gains ¥rising during thE period Adjuswnent oairnqoss dufr tts reJtriditsn of surplus Total amount recognised in oth8r r@ca9nised gains and lojaèj Changes to tho prn¥ent valyp of th8 dafined bBn@fit oblSgatlon B03 (1,e8Q) 8.3 536 {59) 213 (1721 {1.$06) 3.55 5.151 YeaT Ended Year Ended 51 MJr 2024 31 Mar 2023 £'ooo É'OLVJ Openr& defined benefit obltoation cu￿ent seDJico rost In￿re51 expEnse on dgfingd bgnfjfit iybligstion CoTrlribulioThs by parlicipanls Aclvaiia51ts5*%1{gain&> Ilabt1itles Nét benefits paid out Actuarial gain&l(losses) due to (*angFJs in I assumptions Atharial gain￿110$8eS) clu& to thanggs in dernogrsph a55urriptiLmS Actuarial 9ainsilk)sse$) dup lo liability experitrn¢* Seu1em&nts Ckjsing defitbEd benefil obligab.on 13,893 451 635 128 19.316 1 ,038 520 157 (536) 13(>7> {8.396) {213) 59 172 {JX5) 14,2Q5 13,893 11p1￿10 Fo*ther￿￿￿l•lY￿4r [￿dÈ￿j1 19. Penslon Scheme (Continufid) Year Ende& Yéar Ended 31 Mar 2024 31 Mar 2023 É'0￿) t'o Changes to th& falr volug of assets Opening fair Val￿ ot Ossets Interest 4ncopTre on assèts Re-rlEasu1é￿￿￿t 9ainsllkJ¥ses) 46set6 Conlributions by th? employ?.r CDntribvlBDns by ￿rtilipa￿￿ hlé* benefftyp paid oul Closing fair value of aswts 15,872 738 1fj.658 456 (f .690> 588 157 (307) 15.$72 545 138 <335) 17,761 AGtuaf return on a6set6 Year Ended Year EndEd 31 Mèr 2024 51 2023 £'ooo £'ooo Inte￿&t income on assets G•irl{ItVS$) on assds Aclual return on èsgets 738 803 1.541 456 11,680> <1,2241 Year Ended Year End8d 31 Mar 2024 51 Mar 2023 £'ooo £'ooo Estiwate¢ pgnsK)n expense ￿ flltu￿ pellyods.. An&lysl$ of ll￿0￿nts charyd to gtstgrn9nt of FInanclal Activiti95 Cuiieni Ser4r1￿ cost Ihlereat on net defiTred bonpfit liability 432 (14) 521 1051 Total esbrywted pension expense 41 416 oAtribtJtron ad￿mè.. The Peo IE'J Pension The PÈople'$ Ppnyion (also knc>wn as thg'AE PerJsK)n') aclministers Ihe a￿￿n￿lMÈrnl schF(me. Th assels ofthe *¢herne a￿ held *paiately trom Ihose of the Cumpany I￿ independently admini5teied hjnd. The COntribuliOn fates loi Ihs Peopl8& ppn$Èon s¢h9me is 3% foi employei coniwibution and 5% for employees. The Gontiibutions charged 10 the Statemeni of FÈnancial A(*iviti&s by Ihe com￿nY dvrin9 the finsncièl yesr atnDunted to £129K {2022123-. £119K>. I4jrtr￿ll Irdand WJ¥itè 20. Cont5nggnt A5S0t At th@ year-end Hospi￿ was of a small riutYÈbèt of èstates kn which rt was n3rrbEd a¥ a b¢nefi¢iary. Some of these have not been quantFfÈd as the ¥2 lues ol the estates afg subyod ttF a number of pot8nlialty 6ubstsntFal vaiÈableE. These variabfes Include laxation, the ri59 arKI fall in gtock rnarket prires and thg vol?ti1ty of thè houaing maikèt. as well ag p rospective I tlig8tion. which Ccial CaFe Tw*1 Oanslfe Bank to lake aGwupt of th i¥, gnd the Setu rity heFd by the Bank over the who18 of SorTwlon Houw and surrounding PFOP¢rty. 22. Funds Of ThB ¢harity- 84tanc05 Openlng Balanco 1 Apill Incomo Expenditu lincl. Gains> Closinu Bslancè 31 March 2024 £'ooo COMPANY 2023 £'ooo £'ooo £'oo estrict Restri￿ed tsrant Fun(Is Uni&stiict GènÈial fLFnd Tots5 338 1.088 (1,119> 307 25.051 25,319 15.587 16,675 (17.9221 22,716 119,041) 23.023 Opuning Balan 1 April 2023 £Y)oo Incornè Expendlture Iln¢l. (Incl. Galn9) Losses) C105ing Bal4n¢9 31 March 2024 £'QOD GROUP £￿00 e'o Restrbcted Restrict￿1 Grant Funds Unrestrided General fund Tt)tsl 338 1,D88 11.119) 307 25.449 25.707 18,221 19.309 (20.551) 23,119 (21.6701 23,426 74 IleJI￿ la th• ¢OpJ5olid#¢4F￿￿MIf$t4Ml￿thits F•TIA•F￿h1Cl￿ytIr EnLW 31 Mbrth It 22. Funds Of The CharSty - Analysis Betwa@n Funds Unrestrlctsd - General Funds 2024 £'wo 60 1,281 Restrf¢ted Grant Funds TOTAL COMPANY 2024 £'(N)o 2024 £'ooo IntangiTrJle Fimed AEsets Tan¢ible Fixed A3sètJ Fixed A3¥8t - IDvaslEngtbls Cash Other Cuirent Assets Currenl LiabiPlties Total 14,281 5.6tio 3.070 2.199 {2,184 2.7fj3 2.199 <2.18n 22,716 307 307 Unrestrtcted Restricte GvJEJ8r81 Fun4$ 2024 E'ooo Grtnt Funds 2024 TOTAL 2024 GROUP £'orJo £'ooo 60 14.912 5,3 3,583 1,824 (2.253) 23,426 IDfangible Fixe(l Assets TaNJible Fixed Asset9 FixEd A￿￿t- Inv8slm&nt¥ Cash OlhEf Ctjrte nl Assetg ¢u rrent Liabi1Fties Total 14.912 5,30 3.276 1 ,824 (2.253> 23,119 207 307 TnpslttbRwl 51rtemth15 FwtsFlrW￿Y*￿ >l 4litth YJI 23. Rtslèted Patty Transactiony Notlhem Ireland HospÈGe ¢)vffl4lhe entire ISSUEd shalt capiial of Northem I￿laTrd HosprGe (Trading) Ibmitett. The prineipa l adivily of Northe m Ireland HospK4 ff rading) Limilefj ks th& sale tjf donaied 900ds and giftwarè7. It opeiates a n&twork of 24 rel&il shops afKI Ca￿ in Ihe l¢)eal area and geTr8rate$ illc¢)me for Hospic* SETvice5. Thè Iiadin9 compally donate¥ qualty.ng chatitsble dOn￿lDn5 (covenanied donations> lo Ihg Nonhern Ireland Hotsp￿ under the Gompany Girt Aio rule$, In a¢dilDtJn, gift aided donations made to lh8 Itadirwj comp3ny afe a¢wunted for in ts book¥ Df thè NDrthèrn Ireland Hospi￿. For 8¥se of opèiaiions. each tomtrany F)toeess ineomè and wendiiure {iecei pls and paymonls} on behalf of the r@latéd party as necessa ry. All transactions with related p*rtie¥ ère ttJThducted on an anD's length bas15. The ctthpany had the foLIowiTrg IE1sted paty tranSa¢lionsNvilh Ihe Northern I￿lan C62} {400> 11.826) (eoo) (fjoo) (74} {72) 42 67 1,641 1.515 58 {10) (i) 10 20 142 605 237 rthrrTh War)d Tr￿￿•￿>￿•rE *fid CoTrIollth￿d Èw Ihry Finir