Finance
Finance team from left to right
Jody Sharp - Finance Manager
Mattie Osborne - Finance Assistant
Veronica Pilbeam - Finance Assistant - payroll
St Peter & St James' mission is to provide specialist care to those living with progressive, life-limiting, illnesses in East and West Sussex. To fund the general operating costs of that service the Trust needs to raise at least �1.4 million in voluntary giving for the year 2009/10. We therefore rely heavily on the generous support of the communities we serve.
Not surprisingly in the context of the general economic decline it has been a difficult financial year and the consolidated accounts for 2008/09 showed a deficit of (�30,345) against a surplus of �223,495 last year. Significant changes in income include decreases in legacy income of �57,115 and in Continuing Care income of �137,558. We responded to greater demand for our Hospice services with an increase in expenditure on care costs of �150,018. Whilst we were able to increase fundraising income by �184,964 this was offset by increased fundraising and publicity costs of �43,540, which includes start-up costs for our successful 'Partners in Care' regular giving scheme.
The shops costs were exceptionally high due to a successful refurbishment programme and the introduction of full time managers for all shops. We are confident that this investment will lead to a substantial improvement in future performance. The decrease in Continuing Care income is due to reduced occupancy during building works combined with a reduced income from Primary Care Trusts.
Once again we were the beneficiaries of generous funding given for specific purposes that enabled us to complete our 'Buy A Brick' building project and make further improvements to our facilities as well as providing some additional services for patients. We only received 15% of our income via our two local Primary Care Trusts against the national average of 32% (source: Help the Hospices 2008 report on hospice accounts). Against the background of a declining stock market, early in the financial year the Trustees took the prudent step of liquidating all investments in the stock market which resulted in a nominal loss of �2,604. Had the investments been retained to year end the loss would have been in excess of �45,000.
Please click here to download a copy of our 2008/09 Annual Review.
Please click here to download a copy of our 2007/08 Annual Review
If you would like a hard copy of our 2008/09 Annual Review please contact us.