ST MICHAEL'S HOSPICE (INCORPORATING THE FREDA PEARCE FOUNDATION)

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

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Trustees have reviewed financial forecasts into 2029 and have paid special consideration to reviewing the risks to St Michael's services and finances as a result of the current economic and political climate. The Trustees are confident that St Michael's will continue as a going concern for the foreseeable future.”

Group structure

1. ST MICHAEL'S HOSPICE (INCORPORATING THE FREDA PEARCE FOUNDATION) · parent
   1. SMH Trading Limited 100% · England · non-primary purpose trading activities
   2. St Michael's Hospice Development Company Limited 100% · England · redevelopment of the hospice buildings and surroundings

Significant events

• “October 2024 marked the 40th anniversary from when St Michael's opened its doors to our first patients.”
• “We celebrated the life of Dr Richard Miller one of our founders with a memorial service at Hereford Cathedral in May 2024.”
• “our last surviving founder Dr Jeff Kramer had been awarded a British Empire Medal in recognition of his dedication to quality palliative care”
• “We opened our new Whitestone store in May 2024, having refurbished it following our purchase of the site in the previous autumn, and I am pleased to tell you that it is very much performing in line with our expectations.”
• “This year has seen the medical team play a pivotal role in expanding access to specialist palliative care, reaching more people across more locations than ever before.”
• “A new Admissions and Discharge Nurse role has significantly improved patient flow and experience.”
• “Our 40th anniversary year brought opportunities to re-engage with supporters through a variety of events, and the £400k digital campaign in 40 hours was a highlight of our fundraising activity.”
• “During the year our retail portfolio returned to Hay-on-Wye, thanks to an established and dedicated team of volunteers.”
• “In May we opened what we believe to be the Midland's largest charity superstore, located in Whitestone Business Park.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  +35.6%

  £1,018,793 → £1,381,417

• Net assets

  +0.5%

  £23,779,917 → £23,897,192

• Employees

  +12.2%

  286 → 321

• Operating profit

  +105.2%

  -£893,268 → £46,857

• Wages

  +15.4%

  £6,480,741 → £7,478,001

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