QCH Report FINAL V2 - Flipbook - Page 27
Queenscourt Hospice (Registered company number 2102320)
Notes to the Financial Statements
For the year ended 31 March 2024
Going concern
The trustees assess whether the use of going concern is appropriate for the preparation of
these accounts, i.e. whether there are any material uncertainties related to events or conditions
that may cast significant doubt on the ability of the Group to continue as a going concern. The
trustees make this assessment in respect of a period of at least one year from the date of
authorisation for issue of the financial statements.
The trustees prepared a 3 year budget in April and also carried out an impact assessment in
the event of budget plans falling short of expectations. These 3 year forecasts are also updated
at each quarterly budget monitoring review by the finance committee.
Queenscourt Hospice Enterprise Ltd intends to cease operating the Lottery in the summer of
2024 and transfer the entire business to an external operator. The company directors and the
trustees are confident that the company will be solvent at the point of transfer of the business
and should be able to meet all its financial obligations thereafter.
As a consequence, the trustees have concluded that the Group has adequate resources to
continue in operational existence for the foreseeable future and there are no material
uncertainties about the Group’s ability to continue as a going concern, thus they continue to
adopt the going concern basis of accounting in preparing the financial statements.
2
Donations and Legacies
GROUP AND CHARITY
Donations
Legacies
Remembrance gifts
Gift Aid
Regular and other donations including GAYE
2024
2023
£
345,650
1,123,924
173,903
114,160
664,978
£
156,130
1,206,586
178,784
110,318
590,080
2,422,615
2,241,898
Legacy income includes £1,107 restricted to funding Queenscourt at Home (2023: £95,000 restricted
for future building acquisitions).
3
Income from charitable activities
2024
2023
GROUP AND CHARITY
NHS Cheshire & Merseyside and Lancashire & South Cumbria ICBs
Other External Funding
Medical Income and Course Fees
£
1,137,701
1,086,838
206,317
£
990,769
1,018,509
238,937
Total
2,430,856
2,248,215
Income from the Integrated Care Boards includes £124,371 (2023: £nil) Virtual Ward pilot (Lancs & S
Cumbria). The balance of £1,013,330 (2023: £990,769) represents a contribution of around 21% (2023:
22%) to the core costs of the Hospice including Queenscourt at Home.
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