THE Heart of Kent Hospice is attempting to recover a £300,000 deficit in its funds.

Increased costs, a restructuring of management and refurbishment of shops caused the deficit, which was revealed at the charity’s annual meeting.

A spokesman for the hospice said the total deficit at the end of the last financial year, in March, was £305,000, and had been covered by their reserves, which now stand at £500,000.

In September, the hospice, in Preston Hall, Aylesford, appointed Kate Bosley as chief executive, in a change to the old system of management, under which three managers had equal responsibility for running the hospice.

Chairman of trustees, Richard Jones, said: “The board decided to restructure its senior management and appoint a chief executive with a single point of accountability between the board and management.

“This brought our hospice into line with the majority of others. A key part of the role will be to bring the team together and work for extra finances.”

Extra money has also been spent on the marketing department, and safety alterations to the shops, to comply with health and safety legislation.

It costs £2.7 million a year to run the hospice, which provides palliative care for people with advanced cancer, motor neurone disease and other life-limiting illnesses.

As it is a charity, much of the £2.7 million comes from fund-raising.

Under a three-year plan, fund-raising and marketing are seen as key to recouping the debt, with more large-scale events.

The spokesman added: “We believe it’s worth spending the money now to be in a stronger financial position in future.”

A report in last week's Kent Messenger incorrectly said the charity's reserves stood at £5 million. We apologise for the error. See this week's Kent Messenger to find out why the hospice needs your support.