FINANCIALS

The closer collaboration between statutory and voluntary services necessitated by the pandemic continued, with an appreciation of the role of hospices in relieving pressure on the healthcare system. From January to March, hospices received the final tranche of NHS payments for emergency standby capacity during the pandemic. This contributed to 24 per cent of Julia’s House’s income in 2022 and a year-end surplus.

2022 also saw a national restructure of Health and Social Care, resulting in local Integrated Care Boards (ICBs) being responsible for combining and running these services. We began building relationships with local ICBs and are leading the development of a children’s palliative care strategy for the ICB in Dorset and Wiltshire. Whether this restructuring will impact our future statutory income remains to be seen.

Income

£11,388,101

∞ Shops - £2,663,171

∞ Investments - £32,127

∞ Donations - £4,836,621

∞ Statutory funding - £824,235

∞ Fundraising events and lottery - £1,095,386

∞ Emergency Government COVID grants - £1,936,561

Expenditure

£8,884,929

∞ Shops - £2,231,109

∞ Raising funds - £1,483,818

∞ Delivering care - £5,170,002

Statutory funding levels will revert back to pre-pandemic levels in 2023, with just eight per cent of our income coming from the Government and a continuing reliance on community donations and fundraising for the other 92 per cent.

The charity’s Reserves at the end of 2022 constituted 13 months’ worth of 2023 budgeted operating expenditure. This is forecasted to reduce in 2023 and 2024 when the charity forecasts substantial budget deficits. Our Board of Trustees has assessed that this level of Reserves is both prudent and necessary if the charity is to meet its service obligations - we designate funds to sustain our nursing, care and family support that our beneficiaries rely upon in the event of a serious shortfall in the charity’s income.

£4,836,621

∞ Gift Aid - £335,653

∞ Major donors - £289,018

∞ Legacies - £2,362,299

∞ Gifts in kind - £102,103

∞ In memorium - £93,570

∞ Corporate support - £365,672

∞ Individual donations - £227,391

∞ Community fundraising - £385,830

∞ Trust & foundation grants - £672,278

∞ Miscellaneous income - £2,807

£1,936,561

Julia’s House has 627 registered volunteers who contribute considerably to the charity’s services, fundraising and cost-effectiveness and raise awareness of Julia’s House in their communities. In 2022, they gave just over 63,000 hours of support. This was a 51 per cent increase on 2021 and a cost saving to the charity of £600,000 (based on the National Minimum Wage), in addition to the substantial income that all those in fundraising and retail roles helped to generate. The charity’s Board of Trustees and the Directors of its Trading Company are also all volunteers and are all unpaid.

∞ Kick Start - £45,547

∞ Statutory Sick Pay rebates - £1,996

∞ Hospice UK extra capacity grant - £1,889,018

Our volunteers receive training, regular newsletters, an annual volunteers’ survey, an away day with talks about the charity’s services, and long-service awards.