Finance Score: -2

Governance Score: 3

Support Score: 4

Liabilities <10%: +3
Excess reserves: -3
Income diversified: +3
Fundraising costs high: -5

Dynamic board: +3

Grant maker support: +4

Overall GiG Score: 5

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

The Charity provides a range of palliative care to people with progressive life-limitingillness and support to their carers and aims to promote the development of knowledgeand understanding of all aspects of palliative care by delivering training andprofessional support to professional carers

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
Income generation is well diversified
Spending has increased over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be dynamic in terms of composition

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £24,381,759 available, equivalent to 31 months of spending and so may not be able to utilise additional funding
Fundraising costs are extremely high relative to funds raised

Established: 42 years

www.st-michaels-hospice.org.uk

info@smhospicehereford.org

01432851000

Charity Commission for England and Wales

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Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£10,225	£9,482	£743	£3,000	£24,475	£24,382	30.9	258	800
31/03/22		£10,127	£8,745	£1,382	£2,730	£24,233	£24,096	33.1	241	800
31/03/21		£9,435	£7,938	£1,496	£2,157	£22,809	£22,704	34.3	229	800
31/03/20		£9,931	£8,468	£1,463	£2,450	£20,614	£20,493	29	240	800
31/03/19		£7,806	£8,005	£-199	£2,139	£19,506	£19,407	29.1	249	900
31/03/18		£7,365	£7,453	£-88	£2,001	£19,620	£19,496	31.4	225	0
31/03/17		£7,323	£6,583	£740	£1,857	£19,782	£19,665	35.8	206	0
31/03/16		£7,865	£5,335	£2,531	£1,775	£18,798	£18,671	42	170	0
31/03/15		£8,904	£5,442	£3,462	£1,593	£16,244	£16,160	35.6	99	0
31/03/14		£8,511	£4,366	£4,145	£1,414	£12,751	£12,002	33	96	0
31/03/13		£4,666	£4,238	£428	£1,298	£8,585	£7,975	22.6	88	0
31/03/12		£3,963	£4,078	£-114	£1,161	£7,981	£7,873	23.2	86	0
31/03/11		£3,864	£3,959	£-96	£1,109	£7,968	£7,889	23.9	113	0
31/03/10		£4,803	£3,688	£1,115	£1,040	£7,978	£7,918	25.8	75	0
31/03/09		£3,537	£3,492	£45	£948	£6,342	£6,301	21.7	74	0
31/03/08		£4,195	£3,035	£1,160	£771	£6,438	£6,394	25.3	69	0
31/03/07	*	£2,953	£2,900	£53	£708	£6,655	£4,335	17.9	64	0
31/03/06	*	£2,789	£2,580	£209	£0	£0	£0	n/a	0	0
31/03/05		£3,071	£2,439	£633	£0	£0	£0	n/a	0	0
31/03/04		£2,422	£2,220	£202	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 52.5%
Fundraising Costs/Total Spending: 31.8%
Senior Staff Costs/Total Spending: 3%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 3%
Liabilities/Income: 8%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 30.9 months
Net Current Assets/Spending: 3 months
Quick Ratio: 3.1

Asset Split ?

Listed activities

Education/Training
The Advancement Of Health Or Saving Of Lives

How it operates

Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides human resources
Provides services
Sponsors or undertakes research

Where it operates

Gloucestershire, Herefordshire, Monmouthshire, Powys, Shropshire, Worcestershire,

Who it helps

Children/Young People
Elderly/Old People
People With Disabilities
The General Public/Mankind

Who works here?

258 employees
800 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

National Lottery Community Fund	£9,000
Sir Jules Thorn Charitable Trust	£5,000
Masonic Trust	£1,940

Specific Donations

Amount	When Months	To be used for
National Lottery Community Fund - People's Conference
£9,000	04/03/2022	The funding will be used to deliver a community event which will raise awareness of the importance of palliative care. This will bring people together and create a stronger community.
Sir Jules Thorn Charitable Trust - St Michael's Hospice (incorporating the Freda Pearce Foundation). - 01/10/21
£5,000	29/11/2021	Core Funding
Masonic Trust - MCF Hospice
£1,940	10/11/2021	Unrestricted funding for hospices
Masonic Trust - Hospice Grant
£2,800	18/10/2017	Core funding for hospices
Masonic Trust - Hospice Grant
£3,863	19/10/2016	Core funding for hospices

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Age Range of Trustees: 57-77

CAROL JANE WINNEY Appointed: 2012, Occupation: Specialist Nurse

CHARLES ASSAD AKLE Appointed: 2022, Occupation: Retired Consultant Surgeon

DAVID ROBERT TEAGUE Appointed: 2006, Occupation: Chartered Accountant

DR PAUL DOWNEY Appointed: 2022, Occupation: General Practitioner

ERIC DIXON DRUMMOND Appointed: 2020, Occupation: Farmer / Company Director

IAN DENIS ANDREW ENTWISLE Appointed: 2022, Occupation: Consultant

TRICIA GREENWOOD, Occupation: Logistics Administrator

Legal constitution

Charitable company registered in England & Wales on 23/06/1982, number: 511179
Registered at Companies House on 12/05/1982, number: 01634942

Gift Aid

Registered with HMRC for Gift Aid

Other Regulators

Care Quality Commission

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

20 returns made; AR07: 1 days late, AR06: 2 days late,

Main office

Bartestree
Bartestree
Hereford
Herefordshire
HR1 4HA

Objectives

TO PROMOTE THE RELIEF OF SICKNESS IN SUCH WAYS AS THE CHARITY SHALL FROM TIME TO TIME THINK FIT (SEE MEM & ARTS FOR FURTHER DETAILS).

Defined Area of Benefit:

HEREFORD AND WORCESTER

Data Sources