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Hospice predicts it'll need almost £8m to run by 2026

Hospice Isle of Man predicts it'll need almost £8m to run by 2026. 

That's according to the charity's 2024-26 strategy.

This year it's annual expenditure is expected to be 6.8m, with almost half of its income coming from donations. 

In the report, Hospice says one of the financial challenges is to balance its reserves against the need to invest in and secure its long term financial future.  

You can read the full strategy here.

 

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