ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

• ◆

  4 officer resignations in last 12 months

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

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

Streets Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”

Group structure

1. ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) · parent
   1. St Barnabas Promotions Limited 1% · Lottery

Significant events

• “The Trust faced a challenging fiscal year, posting a net deficit of £1.217m (2023/24: Surplus £0.509m).”
• “To address this deficit position, a new five-year plan has been drawn up, outlining strategic initiatives and financial cost saving measures aimed at achieving long-term sustainability.”
• “The outsourcing of our Promotions function, launched in April 2024, is expected to drive both cost savings and future growth.”
• “During the year, the Board of Trustees approved the disposal of its Gainsborough Wellbeing Centre with clinical services now being delivered by the community team.”
• “The Spirit Health App launched in June 2024 to positive early feedback, with initial teething issues quickly resolved. Uptake was limited, making the app less suitable at this stage of care.”
• “We successfully embedded OACC outcome measures into the new holistic assessment template on Systmone (patient care record), now in use across all community services.”
• “One of St Barnabas Hospice's Quality Account priorities for 2024/25 was to establish a robust governance framework to support FP10 prescribing in the community by Nurses, Independent Prescribers, and Doctors.”
• “In 2024/25 The Trust became a Thrive at Work accredited employer, showing our commitment to excellence in employee mental health and wellbeing.”
• “During the year, the Charity incurred redundancy costs totalling £6,898 (2024: £Nil), relating to the termination of employment of one member of staff.”
• “Group Trust accounts posted an unrealised loss on the investment portfolio of £0.103m (2024: surplus £0.955m) as equity markets remained volatile across the world.”

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

Filings

12

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

  -2.7%

  £10,375,813 → £10,091,215

• Cash

  -32.2%

  £2,531,863 → £1,715,654

• Net assets

  -5.9%

  £20,663,846 → £19,446,802

• Employees

  +18.9%

  265 → 315

• Operating profit

  -149.5%

  -£446,314 → -£1,113,566

• Profit before tax

  -149.5%

  -£446,314 → -£1,113,566

• Wages

  +5.1%

  £9,308,389 → £9,781,786

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