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REGISTERED NUMBER: 03689508 (England and Wales)







Financial Statements for the Year Ended 31st March 2023

for

Worcestershire Hospices Lottery Limited
Trading as
The Hospices Lottery

Worcestershire Hospices Lottery Limited (Registered number: 03689508)
Trading as The Hospices Lottery






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Worcestershire Hospices Lottery Limited
Trading as The Hospices Lottery

Company Information
for the Year Ended 31st March 2023







DIRECTORS: Mr D N Burrell
Ms T J Cavell-Hill
Mr M T Hopton (Chairman)
Mr M W Leech
Ms V Rowles
Mr M G Wilkerson



SECRETARY: Mr D N Burrell



REGISTERED OFFICE: Primrose Hospice
St Godwalds Road
Bromsgrove
Worcestershire
B60 3BW



REGISTERED NUMBER: 03689508 (England and Wales)



SENIOR STATUTORY AUDITOR: Robert lestyn Richards FCA CTA FCCA



AUDITORS: Richards Sandy Audit Services Limited
(Statutory Auditor)
Thorneloe House
25 Barbourne Road
Worcester
WR1 1RU

Worcestershire Hospices Lottery Limited (Registered number: 03689508)
Trading as The Hospices Lottery

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2 2

CURRENT ASSETS
Debtors 5 3,160 2,024
Cash at bank and in hand 139,248 198,157
142,408 200,181
CREDITORS
Amounts falling due within one year 6 142,110 199,883
NET CURRENT ASSETS 298 298
TOTAL ASSETS LESS CURRENT
LIABILITIES

300

300

CAPITAL AND RESERVES
Called up share capital 300 300
300 300

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd October 2023 and were signed on its behalf by:





Mr M T Hopton (Chairman) - Director


Worcestershire Hospices Lottery Limited (Registered number: 03689508)
Trading as The Hospices Lottery

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Worcestershire Hospices Lottery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts are prepared in sterling, which is the functional currency. Monetary amounts in these financial statements are rounded to the nearest £1.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about Worcestershire Hospices Lottery Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

GOING CONCERN
In preparing these financial statements, the directors have considered whether the going concern basis of preparation remains appropriate. To make this assessment the directors have considered the current financial position of the company and anticipated future cashflows for a period of at least 12 months from the signing of these financial statements.

TURNOVER
Turnover relates to proceeds from draws (gross of prizes paid) recognised when such draws to which they relate are undertaken

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiaries are measured at cost.

FINANCIAL INSTRUMENTS
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic Financial Liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of the operations from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction cost.


Worcestershire Hospices Lottery Limited (Registered number: 03689508)
Trading as The Hospices Lottery

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2022
and 31st March 2023 2
NET BOOK VALUE
At 31st March 2023 2
At 31st March 2022 2

The company owns 100% of the ordinary share capital of the dormant company The Hospice Shop (Midlands) Limited (company number 03240873), whose registered office is the same as the company's.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 3,160 2,024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9,380 7,371
Other creditors 41,407 104,066
Receipts in advance 75,729 84,314
Accrued expenses 15,594 4,132
142,110 199,883

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert lestyn Richards FCA CTA FCCA (Senior Statutory Auditor)
for and on behalf of Richards Sandy Audit Services Limited

Worcestershire Hospices Lottery Limited (Registered number: 03689508)
Trading as The Hospices Lottery

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

8. RELATED PARTY DISCLOSURES

The shares in Worcestershire Hospices Lottery Limited are owned equally by St Richard's Hospice Foundation, Acorns Children's Hospice Trading Limited (the trading company of Acorns Children's Hospice) and The Primrose Hospice Limited.

The profits of Worcestershire Hospices Lottery Limited are gift aided equally to St Richard's Hospice Foundation, Acorns Children's Hospice and The Primrose Hospice Limited.

Gift aid distributions are as follows:
2023 2022
£ £
- St Richard's Hospice Foundation 70,423 106,407
- Acorns Children's Hospice 70,423 106,408
- The Primrose Hospice Limited 70,423 106,408
211,269 319,223

At the year end a total of £41,407 (2022 - £104,066) was owed to the three shareholders.

Worcestershire Hospices Lottery Limited was recharged for shared operating costs by St Richard's Hospice Foundation totalling £1,800 (2022 - £12,853) and by The Primrose Hospice Ltd totalling £5,400 (2022 - £nil).

Worcestershire Hospices Lottery Limited also paid the three shareholders good cause commissions for membership introductions totalling £842 (2022 - £nil).

At the year end the company had total creditors payable to the three shareholders of £1,552 (2022 - £600).

9. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we engage our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.