Northern Ireland Hospice
Latest income
£19.5m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity ended the financial year in a deficit position with a net expenditure of £0.1 million, driven by rising costs from wage pressures and statutory funding constraints. Despite this underlying deficit, the charity maintains free reserves of £8.7 million, which covers 5.5 months of planned operating expenditure, providing a buffer against immediate financial risk. The trustees acknowledge significant future financial pressures but consider the charity to have adequate resources to continue as a going concern for at least 12 months.
What the accounts disclose
Related-party transaction: Northern Ireland Hospice (Trading) Limited is a wholly owned subsidiary. The trading company made covenanted donations (Gift Aid) to the main charity.
“Covenanted donations, which are qualifying charitable donations under the company Gift Aid rules, of £329K (2023/24: £605k) were made from Northern Ireland Hospice (Trading) Limited to Northern Ireland Hospice during the year.” — page 102
Per FY2025 accounts as filed with CCNI.
Reserves policy: three months' future running costs (held: £8.7m)
“The Board of Trustees recognises the requirement for reserves and aims to have a level of free reserves equivalent to three months' future running costs.” — page 28
Per FY2025 accounts as filed with CCNI.
Fundraising cost ratio: 38.7% of fundraised income
“Fundraising costs rose slightly by £100,000, from £2.2million to £2.3million” — page 17
Per FY2025 accounts as filed with CCNI.
Independent examiner: Finegan Gibson Ltd
Per FY2025 accounts as filed with CCNI.