PROSPECT HOSPICE LIMITED

• ⚠

  Material uncertainty over going concern

  The trustees recognise that going concern continues to be a material uncertainty for the hospice over the longer term as it continues to navigate the path back to a recurring state of financial sustainability, one of the key objectives of the current hospice 5 year strategy which commenced in 23/24 and has been updated with a new income generation strategy and new detailed operating plan during 24/25. Having taken into account the financial results for 24/25, together with the budget set for 25/26, the trustees are satisfied that the charity is able to continue as a going concern and the accounts have been prepared on this basis.

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. PROSPECT HOSPICE LIMITED 2007-11-01 → present
2. PROSPECT FOUNDATION LIMITED 1980-05-01 → 2007-11-01

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Godfrey Wilson Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The trustees recognise that going concern continues to be a material uncertainty for the hospice over the longer term as it continues to navigate the path back to a recurring state of financial sustainability, one of the key objectives of the current hospice 5 year strategy which commenced in 23/24 and has been updated with a new income generation strategy and new detailed operating plan during 24/25. Having taken into account the financial results for 24/25, together with the budget set for 25/26, the trustees are satisfied that the charity is able to continue as a going concern and the accounts have been prepared on this basis.”

Group structure

1. PROSPECT HOSPICE LIMITED · parent
   1. Prospect Hospice Trading Limited 100% · England and Wales · trades in the purchase and sale of 'new goods' within our retail operations and operates a cafe within the hospice.

Significant events

• “Welcomed President, Queen Camilla, to celebrate 45th Anniversary and unveil a plaque.”
• “Pioneering research project with the University of Oxford on managing choking for MND patients.”
• “Identified the commissioning funding model as 'not fit for purpose' by the All Party Parliamentary Group for Hospice and End of Life Care.”
• “Anticipated additional £0.3m to annual operating costs from April 2025 due to National Insurance and National Living Wage changes.”
• “Played an active role in supporting Hospice UK's campaign.”
• “Received a one-off grant of £350k in March 2025 from Bath & NE Somerset, Swindon and Wiltshire (BSW) Integrated Care Board.”
• “Mel Buckly awarded Queen's Nurse title.”
• “Established a second Bereavement Café in Royal Wootton Bassett.”
• “Opened two new specialist shops in Swindon: a dedicated Furniture shop and a revamped Books and Media shop.”
• “Annual Starlight Walk event broke previous records with 760 participants and £137k income.”
• “2,288 people referred to hospice services (up 6.6% on last year).”
• “Developed new senior registered nursing roles with bespoke development plans.”
• “Introduced Single Nurse Administration of Medication.”
• “Advanced Nurse Practitioner position qualified at the beginning of 2024.”
• “Hospice selected to share examples of innovative work at the annual Hospice UK conference.”
• “Undertook a review of ASPIRE values with staff contribution.”
• “Appointed two new Freedom to Speak Up Guardians.”
• “Re-established a team of Prospect at Home volunteers.”
• “649 volunteer enquiries, an increase of 38% from prior year.”
• “Strengthened partnerships with Building Bridges and Youth Justice Team for volunteering.”
• “Trustees approved a 3% cost of living increase for staff for the 25/26 financial year.”
• “Trustees approved the use of £1m of reserves to bridge the gap between costs and income for the year.”
• “Finished the year with an actual deficit of £0.3m due to local community support and one-off grants.”
• “Community contributed £5.9m of total annual income.”
• “Retail is the biggest income stream raising £2.5m.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +14.8%

  £2,969,000 → £3,407,000

• Cash

  -6.7%

  £920,000 → £858,000

• Net assets

  -4.6%

  £6,564,000 → £6,260,000

• Employees

  +5.6%

  197 → 208

• Wages

  +4%

  £5,267,000 → £5,478,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers