NOTHING - to our patients and families
RUNNING COSTS
In 2008 the cost of delivering specialist care was £2.34 million. This represents an increase of 6.8% on the 2007 figure. We are always focussed on achieving the best value for money without compromising the quality of the service we provide and once again it is pleasing to report that when depreciation and mortgage interest is excluded, over 90p in every £1 spent went directly on patient care.
Due to the way that charities have to publish their audited accounts, the Hospice income includes the sum of £209,435 which was received in the form of grants spent directly on capital projects; however this figure is not reflected in the expenditure totals.
Over £500,000 was received in the form of legacies. The Hospice relies so much on legacy income to continue its work and we are so grateful to the many people who have supported us in this way. Income from donations, the Hospice shops and our fundraising initiatives amounted to over £1.4 million and the Hospice acknowledges the excellent support that it receives from the Ashton, Leigh and Wigan Primary Care Trust which contributed £982,804 in the year to support Hospice services.
The surplus achieved in 2008 is added to Hospice reserves in order to improve financial stability which is essential especially at times like these when the economic outlook is so uncertain. We are confident that, with the support of the local community, the Hospice will be able to continue offering its essential services to local people for many years to come.
| Ashton Leigh & Wigan PCT | £ 982,804 |
| Donations & covenants | £ 411,573 |
| Legacies | £ 504,807 |
| Net charity shops income | £ 473,379 |
| Net fundraising income | £ 557,577 |
| Grant income | £ 209,435 |
| Other income & bank interest | £ 127,613 |
| TOTAL | £3,267,188 |
| |
EXPENDITURE
| In patient unit | £ 1,007,545 |
| Day Hospice | £ 200,803 |
| Specialist Community team | £ 366,030 |
| Support / general running costs | £ 415,212 |
| Administration | £ 205,780 |
| Depreciation | £ 131,186 |
| Mortgage interest | £ 12,976 |
| TOTAL | |
