Weldmar Hospicecare
Weldmar Hospicecare
(A Company limited by guarantee and not having a share capital)
Company R8gl$lralion No. 2520727 IEngland and Wales)
C￿arItY Regislralion No. 1000414
Consolidated financial statements
For the year ended 31 March 2021

Weldmar Hospicecare
INDEX
Legal and admlnlstrntive infomjatton
Report of tho Trust•e8 Ilncludlng Stratggl¢ Report)
3-12
Report of th6 Indepfjndenl audltor
13.16
Consolidated statement of flnanclal actlvlties
17
Consolldatèd and Charlty balance sheets
18
Con$olldat?d cash flow $tst•mènt
19
Notes fomilng part of the con801idated flnanclal ststemgnts
20-39

Weldmar Hospicecare
Legal & administrative information for the year endod 31 March 2021
Patron
Hi8 Royal Highness The Prince of Wales KG ￿ GC8
Presldent
The Hon Mrs C Townshend DL
Vlco Presldents
Mrs C Bueno
The Lord Fellowes of Wesl Slafford DL
Mr J Gibson Fleming DL
DrGGuyMB8S
Sir John Jamos KCVO CBE Ideceased February 2021 }
Mrs V McDonaugh
Mrs J Mair.s
Mrs C J Nickin8on
Mrs D Sale RGN RCNT
Mrs E S We,'d DL
Truste85
Mr S Baynard {Ch8imanl
Mr I Stone Ivice Chairman)
Mr I Campbell
Viscount FrtzHarris
Mr D French
Mrs J George
Mrs T Grant
Ms S HavlKett
Mr J Joicèy-cecil
Mr P Lovibond (Appointed 151h July 20211
Mr J Lambert (Appointed 15th July 20211
Mrs D Smith
Chlof Executlve
Carollne Harnblett
Company Secretary
Dean Daniels
Reglstered & Prfnclpal Offlce
Joseph Weld Hospice
Herring8;on Road
Dorchesler
DT1 2SL
Bankers
CAF Bonk
25 Kings Hill Avenue
Kings Hill, Wesl Malling
Kent
ME19 4JQ
Barclays Bank pl¢
10 South Stre81
Dorchesler
DT1 1BT
National Westminster Bank Pl
49 South Street
Dorchesler
DT1 1DW

Weldmar Hospicecare
Legal & administrative information for the year ended 31 March 2021 continued
Sollcitors
Blanchards Bailey
Bunbury House
Slour Park
landford
DT119LQ
Règlstered Auditor
Saffery Champness LLP
Midland House
2 Poole Road
Boum&rnoulh
BH2 5QY
Inve6lm•nt Managers
Rathbones
8 Finsbury Circus
Lontlon
EC2M 7A2

Weldmar Hosplcecare
Report of the Trustees for the year ended 31 March 2021
The Trustees are pleased lo present their annual Trustees, report together wlh the consolidated
financi81 statemen15 of Ihe charty and its subsidiar'.es for the ye8f ending 31 March 2021 which are
also prepared lo meet the requiréments for a Directors. report and accounts lor Companies Act
purpose8,
The financial s181ements compty with the Charities Act 2011, thg Companies Ad 2006, the
Memorandum ayd Articles of Association. and AccoJb n:ing and Repcrting by ChaTiies.' Slalement of
Recommended Practice opplicable lo charities preparing their accounts in accordance with the
Finan¢lal Reporting Standard apPI￿able in the UK 8fbd Republic of Ireland IFRS 1021 (effective 1
January 20151.
We have referred lo the Charity Commission's general guidance on public benefit when reviewing our
aims and objectives and in planning our future actiw,ligs. Our s¢rvi¢es are provided free of ¢￿.ar9e.
The list of fruslèes who served during thg year can be found on Page$ 1-2 of the accounts together
with other legal and adm'D1s1ralive inlomalion.
Vision
Th81 people 8ffe¢led by lrfe limrting dlsease in and around Dorsel can accosg skilled and
compasslonale 8UPPOrt lo mg¢1 all their needs, now and in the future, wh818ver thgir finan¢i&l
¢ir¢umslance8,
M588ion
To ensure all pat en18 needing oallialive car8 in Oor881 havo ace888 lo excellent servSceB
delivered when and where need9d whether by Weldmar Hospware, or by others support&d
by the charrty.
To off6T SUPPOrt lo famille$ and others affected by the palienl'8 Illne¥s.
ValLieB
We uphold the independenc8, dignrfy and indivldualrty ol the patient.
We aim lo gwe excellent ¢llnical, spirrtU81, social and p8ychologl¢al c4r8 to patients and
families.
We aim lo be Inclu8Ne and to embrac8. value and rgsp8cI diverslly.
We ￿11 be open, honesl. transparent and a¢eounl8ble lo our 9tsk8holders.
We will slrlve towards conlinual improvement and excellon¢e.
We value, respect. support and celebT8le our volunteers.
We value every £1 donated lo our cause and aim lo usé il wisely.

Report of the Trustees for the year ended 31 March 2021 continued
Objectlves & Activltles..
8en&flclarles'.
Adults, principal￿ in North, South and We81 Oors8t, who require speeialisl palliative care, and their
families.
weldrr.ar H08picecare services are inleg'.aled lo cover North, Central ar.d South Dors81. E8ch area
has similar populations bul drffering geographies 8nd socwconomic characteristi￿. Wh.'Isl North
Dorsel provides the grealest number of pattenls, these patients prefer lo be Iwked after In their own
home or in the community hospitals.
Servleas
We provided..
a community specSalisl pallialiva care nLtrsing sefvice
day hospice in liv8 locations
14 hosp￿8 beds In a hospice in Dorche$ler
medlcal corsullancy for ihe communrty. hoSp￿e and on<all for local hospitals
50¢ial 8UPPOrt including.. Child and adult b8reav8menl support, chaplaincy and counsglllng
servlces
wide ranging volunl8er s8Nices .'rom befn"ending lo IransPOrt
educal.on Sn $peei81isl paili8tiv8 c£re for specialists and gen8Talisl$
Our teams are Inlegraled lo provide a genuinely 8eaml88s service based around palienls, needs. 11
also gnhances our capacity lo manage increase in demand by providing a stronger servlce In th8
community. r8cucing the growth in demand for Inpalienl Unil servKes. The palienl$ who attand the
Inpaliènl Un I IIPUI a.'e p.ow extremely comp.'ex, requiring the medical and nu'rsing exp8rt18e available
in Joseph Weld Hospice We also care for Complex pab'enls in a ¢ommunily selling which might be
their home, a nursing home or 8 communrty hospiial.
Achlovements and Performancè
ServlGe Quallty
AS an orga.Yisalion partially fundèd by the NHS, Weldmar Hospicecare is oblyed lo publish a aualily
Accoun,. lor the year and ',his can be found on our websf(e.
.weld-hDs
ice,0
usllale

Report of the Trustees for the year ended 31 March 2021
Corporate Oblgctivgs and Achievemgnts
Pro
Aim
Finon¢ial
1. Like for Ilke expenditure growth kept
wllhin 3QA ceiling
re58 8
ainst last
&als stat￿ ob'eclives..
Achievement
1. Yes
2. To work towards a fully operational
balanced budget in 2022Q3
Operallonal
1. TO develop p8rtnership8 wkh local
organi501ions paching patients and
their law.ilies who lor whalever
reason find il hard lo access our
services
2. As wg C￿rte oul ol the Covid-19 pandomi¢, we will be
able io fully appraise our po¥illvn as 2021122 progresses.
1. We have forged excellent partner8hlp8 wfth local
orgar.isations that reach patients. We 81$0 b8 launching
our own Weldmor al Hom8 servlce in Jaly 2021.
Staff and Governance
1, To develop a sustalnable workforce
ulllisinu the 8pprenlice$hip l¢vy
where posslble
1. Wo h8ve a number of a¢lfve apprenlicoship$ and would
have fully utilBed Ihe lewy bul for Ile Covld-19 pandomlc,
2. A more ¢omplete wgllne38 programme 1$ on offer which
Includes ¢omplemenlary therapy and olso ¢¢)unsalling.
2. To develop a comprehensive
wellness programme for staff
Slralagic
1, To develop a new m8rkeling slrale9y
lo raise the profile o! the seNices
avpilable 8nd for income geneTation
1. Weldmar has increasgd our commitment lo our
marketing t9am which I￿11 include a crealive de8igner.
Complalnts and other 1&odback
In 2020121 we ￿ceIVed six c.inK81 complwni$ las compared to three in 20191201. None of the
complainants fell il nece56ary lo lake the complaint lo the Chaiman or the Health Ombud8man. Four
complaints were rnade regardlng Ine Inpalienl Unit and came from c¢Jmmunfty. All were
nvesligaled and replied to giving full responses to th8 concems raised by the complainan18. S8rvic8
provision is cgmplex by ils nature and from a variety of agencies. Wddmar will continue lo dèvelop
our skills in helping patients and their f8m,,Iieslcarers lo navigate and understand these r&lalionship8,
end ensure we are as clear as we can be who., g our own c(xnmilmenls and responsibilllies s:ort and
end,

Report of the Trustees for the year ended 31 March 2021
Care Quallty Comrnisslon
Our serv.ces are regulated and insp8¢1ed by the C8.'e Qualty Commission ICQCI with whom we are
ragislered under the Care Standards r8gulab'ons. While we are independent of the NHS, our clinical
work is guided pri.ncipalty by the G￿ldelineS on Pallial.ve Care issued by the Natitrnal Inslilule for
Clinical and Heartn Excallence INICEI and +he Qual-,* Markers for End ol Life Cam. We received an
unannounced inspection in March 2016 and were dalighted that oL'r Services were rated as
oulslanding. There havg be&n no in$pgctions thi5 year.
Voluntèers and Slaff
Ovtsr Ihe last financial year. numbers have been affaet8d by the Covid-19 pandemi¢.
Fu.Ydraising throughout Ib.e county is supported in many drfferent ways by volunteers. Normally they
work alongside ouir fundraising leary, bul this has not been possibl& 89 our events havg not taken
place. The volunteers remain loyal. standing by us, raady lo resume when we are 8bl8. We currently
havè 544 registered fundraising vo14Jnleers 12020.. 605).
Being a volunteer In one of our 19 charity shops and 5 ouilels 18 both lun and valuable, eiabling 8n
enormoLJS ¢onlribulion towards raising funds for the cafe we provide throughout Dorsel. We currently
have 352 retail volunleers12020.' 4181 who contributed 19,777.5 hour$12020.. 63,455.5 hours). Th8
volunteers have been extremely resilient, a8 non4ssgnlial retail has been in and out of lockdown
thre@ limes.
Befriending and caring, supporting and helping 8re words that describe our patient care volunle@r8.
We curr¢nlly have 162 Paiient care volunleers12020'. 1741 who contributed 4,131 hDurs12020.'
11,858 hours). Some volunteer roles have continued unaffected such 8s hosp￿8 r8e8plion, Some
roles havé been delivered in d fferenl ways using technology such as bereavern8nl support and
splrilu81 care, and some ro188 have been su8pended duo lo Covid-19 reslri¢iion$.
Cdleclively, wé would not be able to deliver the level of Service th81 we do wrthoul the conlribullon
from 011 our volunteérs.
Volunteers have access lo Ihè Volunteers. Group Forurr. wher8 thèy can pul forward 8uggèslions and
Ideas lor improving or developing the support and involvement ol the volunteer contribution. This mel
6 tima$ in Ihe year.
Weldmar's vèry first volunteer satl8faclion survey was carrled oth in Aprll 2019. Tha rtrlum rat& of
18Q/o wa8 disappointing, however, we received some gre8t comments and feedback includlng..
98¢1. l enjoy volunlearir.g for Weldmar
97.kn - I would r￿OrnMend Weldmar lo friends and family if they needed care or treatrnenl
960A . I would r￿Mmend Weldmar as a place lo volunleef
What is the best thing about volunteering al Weldmar..
Making 8 contribution in an area whtch is personally importgnt to me
11 gave me a purpose after my bved one died
The satisfaction gained from helping a m081 needed and worthwhile operation
There were 219 staff al the end of March 2021 {2020'. 2361, 180.07 full lime equivalenl12020-.
174.741. There are 60 clinral staff plus 7 doctors If l.e. 3.81. The rest are family support and
bereavement worker8, compk.Yenlary and creative practr(ioners, workforce dev&lopmenl, hotel
servI￿s, volunteer manager, fundraisers, r8tsil. 8dministralive and management Staff.
Sl8ff have access lo an Employee Forum where they can raiso issues ol concern or ideas about
setvico developrnenl. fhis mel 4 limes in the year.

Report of the Trustees for the year ended 31 March 2021 continued
Flnancial revlew
Results
The Charity raised £10.80m12020'. £9.47ml and spent £8.60m12020'. £9.08rr.I dur￿n9 the year,
resulting in 8 8Lrplus of £2.20m12020". £0.39m). The ',iiancial performance was in exce88 of the
budget for the year.
Incomè
Legacy receipts al £2.23m12020.' £'.89ml includes valuations of legacies wh￿h include 8h8re8. rhe
Board continues a policy of diversification In income generation to lessen the chari:y's relianee on any
one strand D, income. Relaii perFormed strongly. bul the impact of Co￿d-19 in March 2020 and the
sudden ¢losure ol shops meant budget wa$ not achieved.
The NHSE awarded fLnding lo allow the b.ospiee to make availat)le bed copacily and community
suoport from April 2020 to July 2020 to provide support lo people with complex neod$ in the conloxt
of the Covid-19 siluallon and lo provitjè bed capacity and community support from November 2020 10
March 2021 for the same purpose.
Expgndlturl
2021 2020
Expenditure was allocated..
Inpalienl unil
Community nurslng service
Day ¢2r8 services
Education
Generating Funds..
Fundraislng
10
Shops & trading
27
29
Costs associal¢d with the s¢ttlng up of new shops are expensed in the yaar that they occur.
Tradlng SubsSdlarle8
Th$ Charlly has two 5ubsldiaries for the purpose of generating fvnds.. Weldmar H08picec8re Tradirtg
Limited and WeldmaT Hospicecare Enl8rprisg3 Limited. All tax8ble profrts are paid to tho Ch&rity
under gift 8id. A quasi- 8ubsidiary rela¥ior,ship exists betweèn the Charity and both compani8S.
Although ',hey do not fulfil the definition ol a subeidiary. 4Igy are directly controlled by tho Chari;y and
this relationship gives rtse lo benefits lor Ihe Charity Ihal are In substanGe no different from ihog8 that
would arise if they were a subsidiary.
Weldmar Hospice¢8re Trading Limited generates Income from the $8le of purchased good8,
predominantly Chrisimas & gr8elings cards. Total revenu8 was down 4601010 £52,572 in the year
12020, £97,950)
Weldmar Hospic8caTe Enterprises Limited ra'.58s funds for the Ch#rrfy Inrough corporate sponsorsh
and ading as a selling agent on behalf of participators donats'ng goods in the Chanty's shops. Tot?1
revenue was down 69Q/J lo £47.897 in I￿e year12020'. £154,798).
39
18
18
Rgserves
Current reserves sland at £17,989,13612020". £14,C61.6461. Thi8 is partly due lo the recovery in the
value of our investments achieved gains in market value of £1.179.55312020'. losses of £742,686)
and the five yearly revglu81ion ol Lgnd & buildings achieved 8 gain on v81uolDn of £545,659 (2020..
£NILI
1 General Fund
£6.04m
2 Capital Fund
£6.49m
3 D8sign8ted Slral?gic Fund
£4.15m
4 Reslricled Funds
£1.23m
5 Trading Subsidigry Funds
£0.08m
Full disclosure of fund rnovemenl¥ is made in Note 18 to the financial slalements.

Report of the Trustees for the year ended 31 March 2021 continued
General Funds
Th¢se are free reserves lo insulate W8ldmar Hospicecare frorn signfficant changes in flows of funds
from either th@ NHS or the general public and legacies and represent over fDJe months, operational
expenditure. The Trustees hokl General Funds for securing the long lemi operation of the s&rvlce, for
lulure c8pilal expenditure, major refurbisb.menl or service developmeni not yel specified. The current
level is dsèmed sufficient for ant￿ipated neèds 8nd risks in the naxt 12 months. The level of reseNe5
is monitored throughout the year.
Designated Strateglc Funds
This is the amount Set 8side by Trustees for priming now service$ and investing in more opportunities
for generating In¢ome to 8ubskgi8e our patient services. The amount required is constantly under
revlew.
Investments
The Charity's investments gre overseen by the Finance & Inveslm8nt ¢t)mmrttees Ic¢)mpri¥ing
Trus18es and Forum of Advis8rs' m8mbersl, who dètermine overall asset allocation between cash,
property and quoted securitie8. Detailed asset all¢xalion and performance management ol quoted
s￿UritieS lavè been delegated lo Ralhbenes. The objective gN8n lo the investment managers is that
the portfoli¢ snoukj achigve a balancgd retum wf(h a dèfined level of risk Ilow lo mediuml, and with no
more than 3D/o invested in propgrty fbnd8 or companies (dug lo other investments in propettyl. The
mandate is kept under Conslonl review.
The value of quoted sacuritie8 al 31 March 2021 was £8.02m12020'. £5.15ml. In addition the
Trustees hold £0,54m in the Charities Property Fund12020'. £0.55ml. a Common Inveslmgnl Fund
avai18b18 to all charities in England and Wales that invests directly .n UK comm&reiai property.
Ethl¢al Investment,. It is the Trustees, Vk8W that no fund8 should be invested directly In tobacco
81ocks because ol the proven link befv4een smoking and death and especially premature death from
¢an¢er- th$ focu8 of our maln charitable 8clivty.
Fundralslng Pollcy
In 115 income ge.fjeralion activities Weldmar Hospicecara follows the requiremen4S of ¢harty
legislation, money laundering and anli4orrup'.ior, legislation and tho slandarols promoted by the
Fundr8islng Regulator and tho In$litul¢ ol Fundraising.
Weldmar Hospicecare tharefore a¢c8pls financial support on the following condilitsns..
The support can contribute lo the furtherance of Weldmar Hospicecare's charitable 8ims and
objectives.
Thg Trustees are salislied accepting such S%lPPOrt wll not cause advetse publici:y which affects
our slandir.g in the co.mmunty in which we operate, our ability to raise funds from other
establishad supportars or which will be detrimgntsl lo our professional reputation as a seNica
provider.
Wèldmar Hospicecare will not endorse or approve the seryi¢es of any company, in p8rticular those
8SSWl8led with ils work (undertakers, solicitors elc.) whether in return for financial or other support
or not.
Weldmar Ho$picE¢are will not sell any of its databases lor any reason.
In 8ddilion lo the above, Weldmar H08pieecafe will not aceepl financial support or enter in lo
partnerships with companies involved wth ihe comme￿1?1 exploitation of tobacco because ol the
provgn links of lobaceo consumption wrth cancer.

Report of the Trustees for the year ended 31 March 2021 cOn￿nUed
Plans for Future Periods
Strateglc Plan
Our Strategic Plan addre¥5es the challenges we f8ce, aiming to..
Devebp partnersnips to enhance the region'8 capacily lo promde fast, coordineted,
f,exible respons8 lo patients in their own homes
Considor joint working beyond traditional boundaries and on different busin8s8
mode18 to CT6ale this capacity
Improve mechanisms for obtainin9 patient and families. feedback
Develop more secure and diversified 51reams of inu)me
W&ldmar Ho$picecare cort¥inues lo feel that rts gre8te81 risk is the unprediclabllily ol principal sources
of income in Ihelgng term fundra1sing, NHS funding and legacies. The second risk 15 mainlainlng
quallly Df s&vice. Due lo rapiély rising demand Inv￿lMent will be madé inio Weldmar al Home in
2021, We do nol see either siluatlon ch8nging in the near future.
All fundraising events wete cancelled lor the 2020121 year and the retail shops had lo contend Wilh
three perigd6 of Itxkdown wh8r8 non*83gnli81 retail w88 closed.
Weldrr,ar Ho$picec8re has made a capttaS commitment of £530,073 al year end for the refurbishment
of the Inpali&nt Unil in Dorchesler.
Key Objectlves for 2021122
Financk91
To ensur¢ expenditure growth kept within 3% ceiling
To invest in long 18mi income generation including legacy marf(81Sng and lottery Investment lo
se¢uffj bng lern fvnding Streams
Operational
To actively promole and offer employmanl antl volunteering opportunilios lo people ￿th a
disability
To review Weldmar Hospi¢ecare's $ervice¥ as require¢J as 8 re5Urt of Covid-19
Staff and Govemance
Ta ¢ontlnug lo devolop a comprehensive wellness progr8mme for $18ff
Strategic
To implement the new slr8tegy for Weldm8r Hospicecare lor 2020-25
To continue lo develop workforce, lundr8i$ing and retail strategles to und8rpin Weldmar
Ho8pieec8re'$ main strategy

Report ofthe Trustees for the year ended 31 March 2021 contlnued
Structure, Governance and Management
The Charty is in¢orporaled as a Limrted Company by guarantee and is govemed by our ArtIGles of
AssocIa￿on.
Tho Board mee18 6 times a year and in between limes delegates responsibil(ty lo a Chief Executive
(Caroline Hamglettl and tho Directors. GroJp. The Board has adopted the Code of
Conduct for Good Governanc8. 11 conducted an apDf8isal measured against tha standard5 in the
Codg in the yèar.
Board Nomlnatlon8 Commltteè and appolntmont of nowTrustogs
Th¢ Board Nominations Commirtee ￿et twice dur.n9 the last financi81 y8ar lo review the skill mix and
membership ol the Board. The focus of the Board Nominations Commrttee r8mains the refreshment of
Ihg Board as long servip.g Truste68 C¢)me up lor relire,ry)ent over the next few year8. Th&rs wer8 no
appointments lo the Board in 2020r21. Apprais81 of 8oard perfomancè continues under the
Chairman,
When new Tnjslees gre apF)oinled they are invited to 8n indltction day to b￿ef them on.. their leg81
obligations under charily and ¢ompa.Yy law, furdrais'.ng regula:ions. the Charity Commission guidan¢e
on public ban81il. and inform them of the wnle.ryi ol ihe Articles ol A$50ciation, the committee and
decislon-making processes. Ine strategic plan and recent financial performance of the cttarily. During
thè induction day they meet key employees and other Traslees. Trustees are encouraged to allend
appropriate external Iraining events where these will 4acilrtale the undertakin9 of their role, They will
also be briefed on a partrul8r area ol our work al the commencement of most board meetings.
Board Commlttee 8tructure
Tho board committees are as follows..
Audit and Risk Management
Board Nominations
Clinical Governance
Integrated Govemance
Financ8
Investment and Property
Hurnan Re¥ou.'ces and Workforce Development
Income Generation
Equaif(y, Oiversity and Inclusion
Each is chaired by a Trusloa and includes Other Trustees, memb8r8 of the Forum ol Advisers, slaft
and often experts who volunteer their help on 8 specffic tcyic bul who are not part ol the Board.
The Charity considers its key management personnel lo comprise the Trustees and thè senior
managtsmenl tèam, who are ltr.e Chief Execul:'ve and 5 olher key directors. The Trusleos receive no
remuneration. Directors, pay 16 set in accordance with the competitivo market rate. This seheme ¥vas
atlopted in 2006 al 115 adoption by the NHS and ailwates posts lo sel pay bands using the job
evaluation scheme. The Medical Director is paid in accordance with conlraclual arranEemenls agroed
between the NHS and the Brrtish Medical Association.
Rlsk Management
There is an Assurance Framework matching the Terms of Reference of Board commillees with the
Risk Register and Sirategy. ensuring that each area ol ac:ivity is gcrul,'nised by a Board Comryiittee.
EaGh of the Clinical Governanco sub-committees is simikgdy mapped against tha Clinical Risk
Register to ensure comprehensive sc.wliny.
10

Report of the Trustees for the year ended 31 March 2021 Contlnued
Weldmar Hospic￿?re employs independent intemal auditots ITIAAI to examine key areas of risk
in a progTrmme of work which shoukl cover the whole organisalion every fwe years. Thi$ y88,' they
looked al the operation and controls around elinic81 tra.'ning records, key management financial
controls and shops. TIAA indicated that in most areag the Board had reasonable a55ur8nce there
wer& robust rnechanisms in place * mana9e risk and operalK)ns.
The Char¢,y has a comprehen5wg Risk Management policy which sets out re8PL)nsibilities for ris
id@nlificalion, assessyenl, recording, repotting ar.d monrtoring. New ris<$ arè identified at Direclprale
level ano syslemat'"calty reviewed by the Risk Appraisal Panèl Ilh8 Directors, Groupl which m&els
quarter,'y lo identify the key risks lo the organisalion. The Board reviews Ihe Register twic& annually
and the Audit and Risk Man￿emen,. Inlegraled Govemance and the Clinica5 Govemance
commillees scrutinise risks and w.iligallng actions in rn0￿ deloil. Cllnul Risks are Klenlified by g
Risk subgroup ol the Cl,"niGal Governance structure.
The Truslegs do not expect BT8xit lo have 8 8ignfficant irr.pact on the Group's 8Ctivli95 unless ther8 is
a general downturn in the economy or there is drfficuliy being ab'e to employ staff from the EU.
Statement of Trustees, regponslblllties
The Trustees {who are 8180 d1￿ctOrS of Weldmar HOSp￿eCOr9 for the purp08&9 of c¢Jmp8ny lawl are
responsible for preparing the Trustees. Report and the financi81 slalemenls in accDrdanc8 with
applicable law and United Kingdom Accounling Standards Iunrted Kingdom Generally AGGepled
Accounting Praclicel.
Company18w requires the Trustees lo prepare financial s181gmenls lor each financL41 year whl¢h give
true and fair view of the slate of affairs ol the chariiable company 8nd of the incoming resources
and application ol resources, including tha income and oxpendilure, ol the charitab￿ grcsup for that
period,
In prep8dng the$8 financial stalernenls, the Truste8$ are required lo..
select suiiable 8ccounling poltcigs and then apply them conyislenlly.,
obsewe the methods aqd principles in the Charrties SORP.,
maktr judgements and eslimal8s that are reasonable and prudent..
slate whether applicable accounting standards have been followed, svblect to any
material departureg disclosed and explained in the flnancial slalemenl8',
prepare Ihe financlal slalemen19 on the going ¢oncern basis unle88 It is inapproprlale lo
presume that the charrty will continue in businesg.
The Trustees are responsible lor keeping propor accounting records that disclose wlth reasonable
a¢¢uracy al any lime the financial posrtion of the charitable company and group and enable them lo
ensure th81 the financial statements comp,y with the Companies Act 20Ch8. Th9y are also responsiblo
for safeguarding the assets of the charitable company and group and hence for taking reasonable
steps for the prevenlion and detection of fraud and other irregularities.
The Tru51ees are responsible lor Ihg maintenance and inl4r.ty of the corporate and financial
infoTmalion included on the charrtable company's wobsi:e. Le9islaliO￿ in tho Unrted Kingdom
govgrnlng the preparation and di3seminalion of fir.anciai slalernenls may differ from legislation in
other juri6diclions.

Report of the Trustees for the year ended 31 March 2021 continued
Statement as lo dis¢losur• to our auditors
In so far as lh& Trustees are gware at the lime of approving ou. Trustees, annual rèport..
there is no relevap.t informab'on. being information needed by I￿,e auditor in connection with
preparing their report, of which the group's auditor is unaware, and
the Trustees: having made eyquiries ol felk)w Trustees and the group's auditor that Ih&y
ought lo have individually taken, have 8ach taken all steps ihat helshe is obliged lo lake as a
dir&clor in order to make Ihem5efves aware of any relevant audrt information and lo esiabli8h
that the auditor is aware of that information.
Audltors
Saffery Champness LLP were appointed as auditor lo the Charity and in acGordanc8 with Section 485
of the Companies Act 2006. a resolulKin proposing thal Ih8y be re-8ppoinled wll be pbl al the Annual
General Meeting.
Golng Concérn
Oespile the impact of the Covid-19 pandemiG, there is no sugge¥ts"on th81 Weldmar Hospic8¢aro 15 not
8ble lo report ils financial statements on a going con¢em basis.
Approv8d by the Trusleas and signed on their behalf by..
Mr Stephen 8aynar¢J Trustee
16 Septembèr 2021
12

Independent audltorfs report to the mewnbèrs of Weldmar Hospicecare Llmited
Oplnlon
We have audited the financial ststements of Weldmar Hospware Limited (the 'parenl charitable
company) Snd ils subsi¢Jiaries Ilhe 'group') for the year ended 31 March 2021 which comprise
Con801idaled Slalemenl of Financial Activities, the Consolidaled and Charity b81arce sheets, Ihe
Consolldalad Cash Flow Slalement and notes lo the financial sla:8menl$. including signillcanl
accounting policies. The finonciai reporting framewoth that has been applied in Ih8ir preparation IB
applicable law and United Kingdorn AccoJnling Stsndards. inclts'dirg Financial Reporting Standard 102,
the Financial Reporting Standard aDplicable In the UK and Republ￿ of Ire18nd (Unhad Kingeom
Generally Accepted Aecounling Pract￿¢1.
In our opinion the financial stslemenl$'.
glve a truè and lair VEW of the slate of the affairs of the group and the pargnl chafilable
company as al 31 Mar¢h 2021 and of the gTO'JP'6 incoming resources aqd 8opllc8110n of
reSou￿e5, including rts income and expendilure, for the year then ended.,
have been properfy pr&pared in accord8nGe wlih Unrte(l Kingdom Generally Accepted
Accounting Practice.. and
have béen prepared In accordanee ￿th the requirements ol th8 Companleg Act 20C6.
Bas1$ for oplnlon
We conducted our aud￿ In accordanee wrth Int•mat￿n81 Standards on Auditing IUKI IISAS IUKII an¢J
applicab'e law, Our reSDongibililio$ under those standards are furthe.. described in thè Audilorfs
responsibllffies lor',he aud51 of tb.e IlnancBI 6talements 8eclic)n of our report. We ortr ird8Pondenl of the
group and parent charilable cornpany in accoroance wrth Ihe elhul ￿qUIrementS th81 are relevant lo
ovr audit of the financial ¥lat&m8nls in the UK. including the FRC'S Eth￿al Standard. and we have
fulfilled our other gFhlcal r8spon51bilft,ies in accordance with these rgquiremenls. We bo1iev8 that the
8udll evidencè we havo obtained 18 sufficignl and approprio10 to Pfomde a ba81$ lor our opinion.
Concluslons rglatlng to golng concern
In audlling the fln8nc'.al $18lemenls, we have concluded that the Iru8tees' use of the golng con¢ern basi5
of accounting in the preparation of the financial $lal8menls Is approprialg.
Based on the work we have ptrrtomed, we have nol idenlffied any malorfal uncertainlie8 r¢l81ing lo
evgnls or conditions Ihal, individually or col'.eclively, may ¢a$l gignificant doubl on the group or the
parent charilabb company's ability lo continue 88 a going concern for a period of al least twelve months
from when the financial s18lemenls are aulhori5ed lor i8$U6.
Our re$ponsiblli(ies and the re$pon8ibilitles of the trustees with respect to going Concern arè d9s¢ribed
n the relevant Beelion5 of Ihls report.
Other Informatlon
The Iruslees are ￿spOnsIble for the other information. The other information comprises the informaliDn
included in the annual report, other than the linaneial slalemenls and our auditor's repprt Ihereon. Our
opinion on the finaicial slglemenls does not cover the other '.nlomalion and. excopt lo the &xtenl
olherwi6e explicitly slated in our roport. we do not express any f￿￿ of assurance conclusion Ihereon.
13

Independènt audltor's report to the members of Weldmar Hosplcecare Llmltgd
Our responsibility is to read the other infomialion and, in doing so, consider whelhei the other
Infor￿.atIOn is materially incoisislènl with the financial statements or our knO￿edge obtained in tho
Coarse of the audit or otnerwise appears to be mat8PiAlly misstated. If we id8nlify such material
incon5i51encies or aopar8nl material misstalemen:8. we are ￿qUired to deiemiino whether this gives
rise lo a malerial mlsstalemen,, in the fsnanc'.al slalements themselves. 11, basad on the work w& have
performed, we con¢ludg that there 18 8 matenal misstatement of this other infornation,. we are requirad
lo report that f8Ct.
We have nothing lo report in this regard.
Other mattgrs prescrlbod by thg Companies Att 2006
In our opinion, ba8ed on thè wod¢ undert8k8n in the course of the audit..
the information given in the Trusl88s' Annual Report which includ6s th6 Dir8Ctors' Roport and
the Slr8legic Report lor the financial year lor wfr.i¢h the financial slalemeils are prepared is
conBisl8nl with the finan¢i81 slalement8'. and
the Trusl*s' Annual Report which includes the Directors, Report and the strateg￿ Report has
been prepared in accordance with applicable legal requiromenls.
Matter# on whlch wè are requlred to rèport by •xceptlon
In the light of the knowledge and undefstanding ol th& group and th6 paranl char,'lablè company and
their environmènt obtained in the eour8e of the audit, we have not identifi8d ma18ri81 misslalemen15 in
the Trustees. Annual Rfyport.
We have nothing lo report in re8pecl of the lollowng matters where the Companies A¢1 2006 requlre
us lo report to you Jl, in our opinion..
odequale a¢¢ounting record$ have not be¢n kept by the porent charilable company, or return8
adgquaie lor our audit have not been received from branches not visitèd by us., Dr
the parent charitable company linancial statements are not in agreement with the occounling
reeords and returns,. or
¢ertain di$clo$ures oftru8lee8' femuneralion 8pecffied by law are not mada.. or
we have not ￿ceiVed all Ihe infomiation and expk4nolions w requira for our audit.
Rgsponslbllltles of trustees
As explained more fully in the Slalemenf of Trustees. Respon8ibil((ies Set out on page 11, thè Iruslees
Iwho ar8 al80 the directors of the parent charilabie corr.pany fof the purp06es ol compaiy 5aw} are
responsible for the preparation of the financial statements and for being satisfied that I￿,eY give a tru6
and fair view, a.ld lo.. such internal control as the tnjslees dele,Thine is necessary lo enable the
preparation of the financial statements that are free from material misstatement, whether due lo fraud
or @rror.
In preparing th& financial s181ements, the trustees are responsible for assessing the group and the
parent charitable company S abilrty lo continue as a going wncem, disclosing, as applicable, mallers
rela'.ed to going concern and Jsing the going concern basis ol accounting ur.lèss the Iruslees either
intend lo liquidate the group or Ine parent charitable company or to coase operations, or have no
realistic allernalive Dknl to do so.
14

Indgpendent audltorfs report to the members of Weldmar Hosplcecare Limtted
Auditor's respDn$lbilltles for the audlt of the flnancial statèments
W& have boon appointed as auditors under the Companies Act 20(￿ and report in a￿ordanCe with
regulolion$ made under that Act.
Our objectives are lo obtain reasonabk assurance about wl%,elAer the group and parent fln8ncial
slalemenls as a whole are free from m81erial missla,ement. whether due to fraud or error, and 10 1$5Uè
an auditor's report that in-ludes opinion. Reasorbable assurance Is a high level of assurgn¢e, bul is
not 8 guararlee that an audit conducted In accordance with ISAS IUKI wlll always detect 8 material
mls$lalemenl when rt exists. Misslalem¢nls can arise from fraud or error and are considered material
rf, individually or in the aggrega:e, they could r¢a$orbably be eXp￿t&d to influen¢e the ￿onom￿C
de¢i8ions of users taken on the bas18 01 Ihe8e financial stalem8nls.
Irregularities, includlng fraud, are instances ol non•compliance with law5 and regu'alion5. Wo design
procedures in line with our responsibilities, outlined above. lo delecl ma:erial misslalèmenls in respect
of irregularities, including fraud. The specific procedures for thls engagement and the exlenl lo which
Ihese are capable ol delecling irregularrties, including ffaud 8re detailed below.
Idenl;'fylng and assessing risks rekted lo irregularilies..
We assessed the suseeplibilily of the group and parent charitabltr Gompany's financlol $lalem8nts lo
material misslalemenl and how fraud might oGcur, including through di5CU85ions with the IrLslee8,
di$cus$ions within our audrt team planning meeting, upd?ling our record of intemal cDrTrlrols and
ensuring these controls operated as intended. We evaluated possible incentlves and opportunllies for
fraudul?nl manipulalvn ol the flnancial slalements. We identified laws and rtsgu181ions that are of
8igrificanGe in the context of the group and parent charitable company by dlscu88'on5 w(th trustees and
updating our understanding of th¢ sector in which the group arbd parent charitable Gornpany oporale.
Lows and regulations of direct Signrficgnce In the context of the group and parent ch8ri4able company
Include rh6 Companie3 Act 2006 8nd guidanc8 issue(I by the Charty Cornmis8lon for Englond and
W8108.
Furthor Ihg group Is subject lo other Isws and wulallon$ where ltre consequencos of non-complianc8
could have a materi81 effect on amount8 or disclosures in the financial slal&ments. through significant
flne, liligolion or reslriclions on the group's ¢)perations. We identified the most slgniflcanl laws and
ragulalions lo be those issued by the Care Quality Commission.
Audit re5pDn89 lo risks Identified..
We conside., eé th¢ extent ol complian¢e wtth Iheye laws and regulations as part ol our audit procedure8
r)n tho related Ilnancial slalement ¢,ems including a review of financial slalemenl disck)8u*$. We
roview&d the parent ¢Yarilable company s records of br&achgs ol laws and r8gulaligns. minutes of
meetin95 and correspondence wth re evanl aulhorylies to identrfy polenli81 materfal m15slalemenlg
arlsirg. We discussed the parenl charrt8bie company s policies and procedures for compliance with
laws and regulations wth membgrs ol management responsible for compliance.
During the planning meeting wrth the 3vdit team, the engagement partner d￿W att8ntion lo the key
areas which might invotve non-complrdnce with laws and reguLalions or fraud. We enquirgd Df
management whether they were aw8re of any instances of non-COTr.plian¢e wrth laws and regulations
or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through
management override of controls by lesling the apptopriateness of journal entries and idenltying any
significant transactions that were unusual or Dblside the nomial course of bu$ine58. We assessed
whetyer judgemenls made in makir,g accounliY9 eslinates gave rise lo a possible indi￿110￿. of
management bias. Al the completior 5tsge of the audit. the engagement partner's review included
ensuring that the team had approachec their work with appropriate pffjfossional sceplicism and thus
the capacity to Klenlfy non-compliance with laws and regulations and fraud.
15

Indgp8ndent auditor's report to the membèrs of Weldmar Hosplcgcare Limlted
There are inherent limftalions in t.he audit procedu*s described aDove and the further removed ngn-
¢omplianeè with laws and regJlalior.s is Iroffl the eveits and Jansactions reflected in the financi81
slalemenls, the less likely we would become aware of it. Also, the risk of not dpie¢ling a material
misstatement due lo fraud is higher t￿,an the risk of not dete¢tir.g or.e resulting from error, as fraud may
involve deliberate concealment by, for example. forgary or intentional misrgpresenlations, or through
collusion.
A *urther description of our responsibilities is available on the Financial Reporting Council's websrte at,.
wv4w.fr .tsr .ukl
on
This description fomis part of our audrtorf8 report.
Use of our report
This report is made solety lo thg pafenl charitable eompany'8 member8. a8 8 body, in accordance with
Chapter 3 of Part 16 of tha Companies Acl 2006. Our audit work has btren undertaken so that we might
8ts1e lo the parent charitable companls members those matters wo are requirèd lo slate lo them in an
auditor's r8port and for no olhsr purpose. To the fullest extant pemitted by law, we do not accept or
assumè responsibility lo anyone other than ib.8 parent charitable C¢)mpany and the parent charitable
¢mpanv's members 88 8 bodv. for our audit work, for this report, or lor Ihe opinions we have formed.
LLr
Nicholas Femyhough (Senior Sialutory Auditor)
for and on bghalf of Saffery ChaMpn￿9 LLP
Chartered Accounlanls
Slatulory Auditors
Mldland Houye
2 Pool8 Road
Bournamoulh
BH2 5QY
Dale..
22 September 2021
SÈflery Champness LLP is èligible to ad as an auditor in lams of $eGlSon 1212 of th8 Companies Act
20C
16

Consolldated statement of flnanclal activities (Incorporating consolidated
income and expenditure account) for the year ended 31 March 2021
Unrestricted
General Designated Restrlcted
funds
Stiateglc
funds
funds
Total
fund8
2021
Total
funds
2020
Not
Income..
Donations Bnol1&98CI8S
Charitable aclivilles
Incomè from oth$T trading
8clivilies
Investment incomt
Other incoming resour¢8s
3.238.528
25,454
1,842.195
296,014
5.183,455
3,534,$42
5,208,909
1,842.195
2,631,864
1,939,720
4.487,298
108,234
417
74,024
36,457
218.715
417
254,575
159,553
Expendlturg on:
Raising lund$
Charilablo a¢tivilies to provide
pallialivo care
1,193,057
1,964.076
1.682,859
3,762,709
2,875.716
5,726,785
3,596.739
5,485,171
.'<2,OSY,696
70,568
J91,600
p.Ftlvlti08
Net gains!Ilossesl in inve51m8nls
N*t.Incothellgxp,èndlty.rel .
-_Qt}i8r,.r,l¢(Ignl8q'(1-giln¥i
Gains on rev£lualion of fixed gssgls
402,585
, 2,460,280 .
133.805
1,179,553
a.,311,810
1742.6861
{361,1b:81,:
-Z17,1@7
545,660
Funds al 31 March 2020
10.107.432
12,609,tt7fv. .
2.926.364
1.027.850
-.I,g3t243.-
14.061.6L6
14,412,812
1.4,061,8_46".
All af the group's activrties are classed as continuing. Movgments on reservtsg an¢ dl recognlsed
gains and losses are Shown above. The notes on pages 20 10 39 fom part ol these fin?ncial
slalernenls.
17

Balance Sheets as at 31 March 2021
The Group
2020
The Charlty
2021
Notes
2021
2020
Fixed assets
Tangible assets
Intangible assets
Investments
13
14
15
6,087,936
1.481
9,060.316
5.449,648
6,006
6.423,808
6.087,936
1,481
9 060.316
1&,fj_49,73_2_.-
5,449,648
6,006
6,423,608
_.1.87*.262:-
Currènt assèts
SlocM8
Oeblors
Cash al bank and in hand
20,632
1,745.238
1,699,566
25.732
1,747,683
908,645
5,2S8
1,693,576
1,695,329
.3,194.161-
6.068
1,747,503
890,123
16
¥blllito¥.:":::
Crodiiors.. Amour.15 falling
due within one year
17
626,033
499,676
8￿,776
637,207
2,717,3.8¥.-
*",I..tAoY,i*.-."
. 2,0gi481i
1.3,88&--74è.:,
Funds
Unrestricted funds..
General fund
Capital fund
RevalJ81ion reserve
De8ignaled slralegie fund
Re81ricled fund8
Tr80ing subsidiary funds
18
5,940,399
3,687.441
2.899.223
4.147,844
1.232,213
3,985,980
3,591,991
2,353,564
2.928.364
1.027.850
175,897
5,940,399
3.687,441
2.899.223
4,147.844
1,232,213
3,985,980
3,591,991
2,353,564
2,926,364
1,027.850
The financi81 slalement8 were approved by th• TnJslè8s on 18 September 2021
Signed on Ih9ir behav
r Sl hen Baynard
Compa
,on No. 2520727 (England and Wales)
18

Weldmar Hospicecare
Consolidated cash flow statement for the year ended 31 March 2021
Notes
2021
2020
Cash flows from Opèrating actlvftles,.
Nel cash provided byllused inl operating activities
24
2.004,183
1857,8471
Cash flows from Invegtlng actlvlties:
Divid&nds, interest and rents Iroy investmentg
Proceods from the sale of property, planl and
equipment
Purch850 of property, plant and equipment
Proceeds from sale of inveslmenls
Purcha8e of investments
Net cash providgd by Investing actlvltl85
218.715
417
254,575
875,653
{102,4861
1,378,299
2.708,207
1294,8401
e86,576
1454,833
Changg In ¢ash and cash oqulvalents In tha year
Cash and cash equivalents al 31 March 2020
Cash and cash equivalènts at 31 March 2021
790,921
908 645
1790,515
1.699,160
64
19

Wèldmar Hospicecare
Notes fomiing part of the consolidated financial statements
For the year ended 31 March 2021
1. Accountlng Pollcles
The prfncipal accounting policies 8dopled, judgements and key sources of estim8tion uncertainly in
the preparation of th8 financial statements are as follows..
8a8is of proparatlon
The flnancial slal&monts have been prepared .'n accordance with Accounting and Reporting
by Charrties". Slalemenl of Recommended Pracli"e aoplicable lo charil*s preparing their
accoun',5 in &ccord8n¢e with Ihg Financial Reporting Stand8rd applicable in the UK and
Republic of Ireland IFRS 102118ffe¢live 1 January 20151- (Charilias SORP IFRS 10211, the
Financial Reporting Standard applicabl8 in the UK and Republic ol Ireland IFRS 1021 and the
Companies Act 2006.
The Chsrily rneels the dellni(ion ol a public benefit entty under FRS 102. A88els and
liabili1185 are in':liÈlly recognised al historical c05t or transaction value unless olherwse slated
in the relevant accounting policy nolelsl.
Lègal status of the Charlty
The Char'ly is cDntroll8d by ils Trustees acting in concert. The Company is limited by guarantee and
as such does not have a share capilal. The members undertaké lo contribute an amoun: not
excaading £1 in the event of a winding up.
Golng concern
The Tru51ee¥ ¢on$ider th81 Ih&re are no material uncertainties about the Charity'8 abllily lo continue
88 a going con¢orn, In forming their opip.ion the Truslees reviewed lhe lorecasl perfomance of the
Chaiily prepared by management for the f0￿6eeab.e lulur8. In doing thi8 they have considered th.
potential impacts of reawnably possible scenarios including the impact ol reductions in lundrai8ing
and retail income and increa$8s in costs caused by the Pandemic and the uncertalnty sround thè
liming ol cashflows on legacy income. Th8 Trustees have concluded thai the Charity has resilienc6 in
81Squid resourcèg lo managè the impaci ol these risks and uncertaintie8.
Group flnanclal 8tat•rn•nts
The consoliaaled resutt8 includes those of quasi - subsidiarig$, on a line by line basis, where the
Charity directs the financial and oper8lir.g polrcies of the quasi SLJbsidiary with a vlw lo galning
economic benefit from it. A separate Slalemenl of Financial Aclivilies and Income and Expenditur8
Account for the charity has not been presented because the Ch8rlty has taken advantage ol the
exemption afforded by secknon 408 01 the Cornpanies Act 2006.
20

Weldmar Hospicecare
Notes forming part of the consolldated financlal statements
For the year ended 31 March 2021
Princlpal accounting pollcles Icontlnuedl
Funds accourrtlng
Funds held by the Charity are..
￿n￿SINGted g6n&ral funds- these are funds which can be used in accordance with the charitable
obje¢ls at the discretion of the Trustees.
R&slrffcled funds- lrye¥e are funds that can only be used for particular reslricled purposes willin the
objects of the Charrty. Roslriclione arise when specified Dy the donor or wnen fund5 are raised lor
particular roslrie.ed purposes.
Dgsigiia18d funds- thgse are funds Set aside by the Trusleos out of unreslricled general funds for
specific future purposes OT proje¢i$.
Further explanation of the nature and purpose of each lund is inelud8d in the nolgs :o the accounts.
The cost of r8i81ng and admini8lering such funds are charged again$1 the specific fund. Investment
In¢oMe, galns and losses are allocated lo the approprfale fund.
Income
In¢om8 is rg¢ognise¢J when the Chartty has enlklemenl to the funcJ8, any perfomiance condillons
attached lo the ilernls) of income have been mel. it is probable that the Income will b8 recelvad and
the amount can be measured reliably.
Where income hos related expendrture (as wrth fundraising or Goilract income), th8 incomfy and
re181ed expenditure are rgported gr05s in the Sialemenl of Financial Activities.
Donations, grants and glts ere reeogiised wfien receivable. In the event that 8 donation is subject lo
fulfilling pèrformance conditions before the Charity is enlilled to the fJnds, the incomg is deferred and
not r8cogn18ed untll it ig probable that those wndilions will bo fulfilled in thè reporting period. Income
from Gift Aid 19x reclaims 1$ recogni¥ed as income for the year'or any donati)n8 with relev8nl Gift Aid
certlllGalès. Any amounts of Grft Aid not r¢¢eived by the year end are account￿ for in inGome and
ae¢rued incornfj in debtors.
Income from NHS conlrac'LS, government and other grants, whelher'cgpltal, grants or'revenue,
grants. 8re recognised when the Charly has entillemenl lo the funds. any perfomance conditions
altgched lo the grants have been mel, it is probable that the incomo wll be re¢eiv8d and the amount
can be measured rg1i8bly and is not deferred.
The NHSE awarcied funding lo allow the hospice lo moke available bed capacity and community
support from April 2020 to July 2020 to provido support lo people with conplex need$ in the context
of the Covid-19 situation and lo provide bed capacrfy and wnmunity support from November 2020 10
March 2021 for the same purpose.
For legacies, erlillement is taken on a case by case basis as the ¢arf￿r of the dale on which.. the
Ch8rily is aw&re that probate has been granted. the eslale has been fjnalised and nolilicalion has
boèn made by the execulorlsl lo tho Charity that 8 disiribulion will be m8de, or wb.en o distribution 18
received from the estate. Receipt ol o legacy. in whole or in part, is only considered probable wh8n
the amount can be measured relAbly and the Charity has been nolrfied of the pxecutor's intention lo
make a distribution. If the legacy is in the form o18n a¥sel other than cash or an a55et li51ed on
recognised stock exchange. recognition is subject lo tb,e value of the asset being able to be reliably
measured and title lo the a55el has passed to the Cb.arily. Where *acies have been notified lo the
Charity or the Cherty is aware of the granting of probate. and Ihe Grtigria for incoTr.e recognilior, have
21

Weldmar HospiceGare
Notes forming part of the consolidated flnancial statements
For the year ended 31 March 2021
Prlnclpal accounting polle1￿ {continuedl
Incom& Icontinued}
not been mel, thon the legacy is a Irealed as a contingent asset and di8closed if material {8ee nolo
161.
Income received in advance for a future fundraising event or for a grant received relating lo the
following yèar are dafarred until the cril8ri8 for income recognition a￿ m81.
Inlerèsl on deposit funés hekl is included when receNable and the amount can be measured reliably
by the Charrty wb.lch is normally upon noirficalion of the intere51 paid or payabl& by the bank.
Oiviéend5 aré recognised once the dividend has been declared and nOIrf￿alI0n has Deen recoived of
the dividend du8. This 1$ normally upon nol'.licaliop. by our i4ve5tw.enl monaggr of the dividènd yield
ol the investment porfolio, Income tax recoverable in relation lo investment incom8 is rècoonised
al th¢ lime the Investment income is rèc8ivabl8. Sponsorship from &vènl$, fundraising and èvanls
registrali¢n fe9$ are recognisèd as income when r8cfjived to the gxlenl that the Charity is enlilled lo
lh8 income and any performance conditions have boen mel. 1r.come receivod for major ¢hallgnge
evenl8 are accounted lor in the period in which they tske plac8. Lott8ry incom& is accounted for In
respacl of those draws that have takèn place in the year. Tfading income is recognised on point of
8ale for both donol¢d ond purchased g¢)ods.
Donated goods and servlcos
Donated 88rvices or facilitie$ are rtscognised whan the Charity has control over the ttem, any
conditions a88ociaied with the donaled item have been mei, the re¢eiDI of e¢onomic benefit fr(xm the
use of the ilom is probable and that economic benefrt can be measured reliably.
Donated professional services and lÈcil111è5 are included in income al the estimated valu8 of th.e gift lo
lo tho Charity when weived, b88¢d tsn the amount that the Charity would have b8en prepared lo pay
for these 8ervice5 or facili11gs had il b89n r8quirod lo purchase them. with a GorrgspDnding entry in
the approprlale expenditure heading for the same amount. Donalea fixed assets are similarfy taken lo
income al the value lo the Charily wrth the obhar entry being capilalised In flxèd assets.
Expèndlture and Irrecovérablè VAT
Expenditure Is recogni5ed onc& there is a legal or con81ruclive obligation lo make a payment lo a third
party. il is probable that 5eltle.ment will b8 required and ltte amount of Ihg obiigalion can be mea6ured
reliably. All expendfcure is accounted tor on an accruals basis under the followng headings..
Costs of raising funds corr,prisès fundraising costs incurred in seeking donations, gran16 and légacies.,
inveslme.ll managemenl'.ees', costs of fundraising aclivrties include the Costs ol good$ $old, shop
costs, commercial trading and their associated 5UPPOrt costs. Fur.draising costs do not include
tho costs of disseminating inlormalK)n of svpport ol the charitable activfties.
Expenditure on charitable activities includes the costs of prowd ng specialist pallialivg and
support, co,Tmunfty services and educational activit￿$ undertaken lo further the purposes of the
Charity ar.d their a6socialed support costs.
Governanc@ Costs are associated thè governance arrangemènts of the Charity and relate lo the
general running of the Charity. These costs include aud',1, legal advice for Trustees and the costs
asgocialed with meeting cons:i(u'.ional and $18lulory reqUIre￿,entS such as the cost of Trustèe
me&'.ings and the preparation of slatulory accounts. Governance wsls also include costs associated
with the strategic managomenl of the Chanty-
22

Weldmar H03plcecare
Notes fomiing part of the consolidated financial statements
For the year ended 31 March 2021
Princlpal accounting pollcles Icontlnuedl
Expenditure and Irrècoverable VAT Icontlnued)
Support costs are those costs which enable fund gererating and charitable activities 40 bg
undertaken, These costs include f;.nance. human resour¢g$, information systems. communication,
propsrty management and legal costs. Where expendf¢ure inCu￿ed relates to more.han one cost
caleg¢ry it is appDrtDned on the basis of 3taff numbers.
IrreGover8ble VAT $5 charged as a cost 89ainsl the actwity for whi¢h the expenditure was incurred.
Voluntèers
The value of the services provided by volunteers Is not Inc0￿rated into these financlal Slalaments.
Further detail$ of their contribution is provided in note 12 to those financial Ststements and in the
Trustees Report.
1.10
Flxed A¥¥ets
Tangible fixed assets lolher than freehold landl ¢osting £500 or more are eaprta ised al cost and are
dap￿cIated ov8r their eslim8led useful economic lives on a straight line basis a8 follow$',
Annual Rate
over 50 years
over the shorter of the lrfe of the lea88 or SO year8
15PA 5traighl line
200h_33'h straight ling
25% straight line
Asset Category
Fre¢hold property
Leasehold property
Flxlures. fittings & equlpmenl
Officg equipment
Motor v8hiGles
No depreciallon is provided on freehold land. Impairnenl re￿8￿ ar& Carried out on 8 perlodic bas19.
If 8n a88el is found lo have a Car￿n9 v81ue malorially higher Ihan 118 recovgrnblè amounl1119 written
dowr accordingly.
Costs assoclaled wilh +he setb.ng up of new $hops or major refurbishment of existing shops arg
expensed in the year that they 0￿￿r.
1.11
Revaluatlon of tanglble flAed a859ts
The Cherity has adopted the revaluation model to Tevalue ilems of freehokl property whose fair valuè
can be measureo reliably. The revalualions are formally carried out every five yearg with p&ritsdic
informal revi&ws lo ensure that the carrying amount ooes not drffer materially from that which would
be delemiined using fair value at Ihe eid of th6 r8port,,ng period.
The fair value of Isnd ard buildings is detenmined from marf(el-based evldence by apprai501
that is undgrtaken by professionally qualrfied valuers.
Revaluation gains gnd losses are recognised in the Slalemenl of Financi81 Artivilies and added
lo re8erve5 in a separale Revaluation Teserve.
The Charity owns two mixed use freehold propertie¥. property held lor operational use as charity
shops and property held lo earn renials and for capital appreciation. These propertigs have been split
on a square foot basis and separ8ted between investment property 8pd property held for Dperalional
use as a tangible fixed asset.
23

Weldmar Hosplcecare
Notes fomilng part of the consolldated financial statements
For the year ended 31 March 2021
PrinGlpal a¢countlng pollcies Icontlnuedl
1.12 Intangible assets
In accordance with FRS102 compbler Software costing £500 or more is classed as an intangible
asset, capilalised at cost and is depreciated over ils estimated economic life on a slr2ighl line basis al
1.13 Inve$tment$
Investmanls held are eithèr a fom of b88ic financial in8trumenl or ar& investment properties, The
lonrer ar& ini118lly rècognised al'.hèir transaction vaSbe and subsequently measured al *heir fair value
as al the balance sheet ttale using tie closing quoted market price. The Slalement ol Financi81
Activili*s includes the nel gains and losses arising on revaluation and di8P05als throughout tha year.
All gains and losses arg taken lo the Stalemenl of Financial Activities as Ihey arise. Rè8lised gains
and losses on financial Investments a.'e calculated as the difference befvjeen sales procoeds and
their opening carrying value or their purchase value if 8cquired subsequent lo the lirsl day of the
financi81 year.
Unraalised gains and 105s8s are calculated 8S the diff8rence ba￿een the fair value al the year end
and Ihwr carrying value. Reali8ed and unreali88d investment gains and losses are combined in the
Statement of Financial Activities.
The main form ol linanckal risk faced by the Charily is that of volatility in equity mathals and
Investment markets due lo wlder eeonomic conditions, the attitude of investors lo Inve51menl risk,
and changes in 8enlimenl conGeming equitie$ 8nd wrthin particular geclors or sub sector8.
1.14
Stock
Sioek of retail goods 1$ valued at the lower of c061 and nel realisabl8 value. Donated items ol sloek
for resale or distribution are ntsl ineiuded In the financial slalemenls until they are sold or dislribuled.
The Truslaa8 coisider il Impractic81 lo be able lo a$se$s I￿.e amount ol donated stocks a8 ther& are
no systems in pia¢e which re¢ord these items until they are sold. Undertaking a stock take would incur
undue cost which ouiweigh8 the bgnefts.
1.15 Debto(8
Trade and other debtors org recogni$8d 81 the saltlemenl ¥nounl due after any trade dL8counl
offered. Prepaymen18 are v8lued al the amount prepaid nel of any Irode discounls due Accrued
income and lax recovgrable is intludad al the best estimate of the amounts receivable al the balance
sheol dale.
1,16 Cash at bank and In hand
Cash at bank end ca¥h in hand includes eash and short lemi h¥Jhly liquié investments with a short
maturity ol three months or less from the date of a¢quisrtion or opening ol the deposit or
similar ac¢ounL
1.17 Creditors
Creditors are recogni8ed where the Charity has a present obligation resulting from a past event Ihel
will probably resurt ir. the Iransler of funds lo a third party and the amoun: due lo settle the obligation
can be measured or esb"mated reliably. Credrtors a￿ normally T￿ognIsed at their selllernenl amount
after allowng for any trade discounts due.
24

Weldmar Hospice¢are
Notes forming part of the consolidated financlal statements
For the year ended 31 Mar¢h 2021
Prlnclpal accountlng pollcles Icontlnuedl
1.18 Flnanclal Instruments
The Charity only has financial 888ets and financial liabilities of a kind that qualify as ba$ic fipgnclal
instruments. Basic ftnancial inslrb'menls are Initially recognised 81 Iiansaclion value and subsequently
measured al their selllemenl va'ue.
1.19 Penslons
The Charity operates a defined contribution pension Kheme and the pensKJn charge represents th8
amoun18 payable by the Charity lo the fund in respect of the year.
The Gharily also operate8 a d@f1ned b8nelit¥ pènsion 8chem8. The 8chgme 13 a mulll-employer
scheme where rt 13 not possible, in the norrra, cour56 of even:s. lo id8nlity on a consi51enl and
rgssonable basis, the share ol undÈdying assets and liabiiilies belonging lo Individua1 partlClP81ing
employers. Therefore, as required by FRS102 ehapler 28 'Ret remenl benefits,, th& charity accounts
for Ihls sc,Yeme a5 If li was a defined conlTibul:'on scheme. The 8mounl chargod lo t*¢ Slalernenl ol
Flnanclal Activity represent$ eonlribulions payable lo the y¢heme in respect ol th9 accounling period.
Further details on conlribulion$ are provKled in note 22 lo these financial Ytalements.
1.20 Opgr4tlng 1oa8e¥
Rentals applic8ble lo operating leases 8re charged to the SOFA over the perltrj in which the Gosl Is
incurred
1.21 Taxallon
The Company 1$ ¢onsidered lo pas8 the lesls set out in Paragraph 1 Schedulg 6 of the Finance Act
2010 and therefore il meets the def,.nilion of 8 charitable Company for UK corporation tax purposes.
Accordlngly, the Company is po:enlially exempl from taxalion in respect Df income or capital gains
re¢eived within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Se¢tlon
256 of the Taxation of Chargeable Gain$ Act 1992. to the extent that Such income or galn8 are
applled exclusively lo charitable purposes.
2. Donatlong and legaclos
Unrestrlctod Funds
General
Ooslgnatod
Reslrlctgd
Funds
Group
Total
2020
Donalions and gff(s
Friends donation$
Legacies
1,035,4
43,469
2.159.563
221,014
1.256,510
43,469
2,234,583
689,33D
47,932
1,894,602
75,000
In 2020, of the lolal Sncome from donations and lega¢ie8, £2.394,981 was lo unreslncted funds 8nd £236,883
to restricted fund8.
25

Weldmar Hospl¢e¢are
Notes forming part of the consolidated financial statements
For the year ended 31 March 2021
3. Income from charltable activiti88
Unrestricted Funds
Gènoral
Do$lgnated
Rastrlcted
Fund8
Group
Total
2020
CCG service contrad and
othér contracts
Gov6rnmenl Grants
Macmillan & othér grants
Education & course5
Catering receipts
18.684
1,828,378
1,645,062
1,903.069
3,3S7.077
3,357.077
1,301
17,078
18,272
-1,9J9.720
3,670
3,100
3,670
3,100
In 2020, Df the lolal income from chaniable activities. £60,038 was lo unreslricled funds and
£1,879,882 to resincled funds.
4. Income from other tradlng actlvhl
Unreslrlctèd Funds
General De8ignat8d
Rostrlctod
Funds
Group
Total
2020
Fundraising income
Lott&ry
Charity shops
Sale of
oods
248.852
200.852
1.339.071
53,620
248.852
572,348
200.652
178,732
1.339.071 3,624,991
53.620
111.227
In 2020, of the total in¢ome Irc4n olher trading activities, £4,487,298 was lo unrestr￿ed funds and
£NIL lo reslrrtèd lu.Yds.
6. N8l Income from tradlng actlviues of subsldlaries
Relevant financial information regarding Weldmar Hospicecare Trading Limited and Weldmar
Hospicecare Enl&rpri6es Limited is as follows..
2021
2020
Turnover
Cost of sales
Gross profft
Adminislralive ex
ense8
Net profit befor8 taXa￿On
100,469
21,741
252.748
42 231
210.517
71,112
139A05
33,204
45,524
26

Weldmar Hospicecare
Notes formlng part of the consolidated financial statements
For the year ended 31 March 2021
5. Net Income from tradlng actfvitles of subsldlarles continugd
The trading acliviliès of the subsidiaries include the sale of goods. corporate sponsorship, and agency
commission from the Sa￿ of gift aided goods through Ihe shops. Incom8 from the sale of don*ed
goods is deall with through the Charity's accounts.
A quasi - sub8idi8ry relationship exists btheen the Charity and Weldrnar Hospicec8re Trading
Limited and Weldmar Hospicecare Enterprises Limrf(ed. Although they do not lulfil the definition of 8
subsioiary, thay 8re dirocl'.y controlled by the Charity and Ih:'s relalionghip giv&s rise lo benaflls '.or the
Charity that arts in substsnce no drffwenl from those that would arise rf thèy wer& a sub9￿18ry.
6. Invèstrnenl Inoom8 and interest
Unrestrlctèd FLbnds
General
Deslgnatsd
Re$trlcted
Funds
Group
Total
2020
Deposit interest
Dlvidends & Ireasury stock
Proporty rtrnlal
1.907
4e.336
59,991
1,907
156,817
59,991
..21¢.71t.i..
5,156
172,603
76,616
74,024
36,457
In 2020, 01 the total income from Investhents. £132,868 was lo unreslridod funds, £85,250 was lo
de51gnated funds and £36,457 to reslrlcled fundB.
Amounts included under Property rental wero all receivable in the currenl year under operating leases
of greater than year's duration.
7, Net Income from operntlonal activltl
This is 81oted af19r ch•rgingl IcredAin9}'.
Group
2021
2020
Depreclalion of langible a5$els
Amortisalion ol intangible assets
(Profilllloss on ¢tsposal of fixed assets
Opèrating lease ￿nts1$ re other
Auditor's r¢muner81ion
240.646
236,609
4,525
13,112
14171 1159.9531
434.935
495,455
13,750
13.600
27

Weldmar Hosplcecare
Notes formlng part of the consolidated financial ststements
For the year ended 31 March 2021
8. Analysls of total resources expendod
Group
Total
Staff
Costs
Dlrnct
Costs
Support
Costs
2020
Cost ol generating funds:
Costs of gen8r81ing voluntary
incomg
171,287
137.128
107,784
416,199
516,S26
0818 of lun'draI5ing.aclivSlleS.._
. osi$ of"running ¢harity shop_tr.-_
i&.o_f funcfiai8ih "trad
139,370
403,9S5¥
1-577,25Q
1 409,921:_
777.238....
95F*...849 976.. .
Costs ol mana
Total cost of
inve81ments
en•r8tln
fund8
46.571
1678 245 1033 67$
46.571
287571S 3596 740
163 796
Dlr8Ct Charltablo Exp•ndlturo:
Inpailenl unil
Community nurslng 8efwce
Day Care SeNICOS
Eduealion de
artmenl
Actlvltl98 to provlde palllatlve
carè
2.227,227
1.122,853
398,815
164.580
21,538
11,754
20
197,890 1,682,140
992,068
413.499
235,763
3,383,875
3,227,331
1,557,888
1,482,154
646,332
804,116
138,69Q
171 589
6,726,786 5,486.170
3.846.755
The actlvltles underlylng the actlvltles above, under each h8adlng arn:
Costs of g8neraling voluriary income~ pro.moting th& awaren￿ of th8 Charily and It9 work lo ¢￿al&
the Income flow needed to 8UPPOrt our activilles.
Fundrai8"'ng acllMlies- organising evgnts, runnlng charty shcp8 and inv8sting in products lo ¢realo
the income flow needed lo support our activfties.
Mgnaging invèslmenls- brokers, f998 for managing the investment portfolio end ¢osl$ a$8ociated
with maintaining 2 investment freehold propertie8.
Inpalienl unrt - providing a 14 bed inpalienl hospice al Joseph Weld House, Dorchesler.
Community nursing seNi¢&- providing a spe¢ialist palliative care nursing seNice for adults in North,
South & Wesl Dorset
Day Cara $8rvice5- prowding 80 swk91 respi18 care place8 a week at Joseph Weld Hous
Dorchesl&r, Trimar Hospice Weymouth, Bridport Communrty Hospit81, 8L4naford Community Hospital
and Westminster Memorial Hospital Shaftesbury.
Education- providing educalion in speualist palliative care lo our own staff and for gerteralisls
throughout the health economy.
28

Weldmar Hospicecare
Notes fomiing part of the consolidated financial statements
For the year ended 31 March 2021
9. Analysls of support Gosts
Totsl
2021
2020
Managemenl
696,642 273,912 150,978 32,352
86,271
27,375 1,267,528 1,188,604
admini$lr8lion
Establishment
¢osls
Leg81 and
prof&58ional
Govemanee
costs
280,703 133,798
81.597 7,775
19,689 28,637
552,199
533,104
1.427
561
309
177
2.540
27,171
13,296
5,228
2,881
617
1,647
23.669
18,670
1.,846,YS¢.:;. 1.',7¢5,849 i
Managernent 8nd 8dmlnislralion costs are Ihg support costs whlch ènable fundraising and chariiabl
work lo be carried out. Eslablishmenl costs are the c081$ which enable the building8 from whlch the
Charity operates lo lun¢lion effecllvely.
Support w$18 are 811ocat¢d on Ihe ba8iB of staff numbers. Included in management and
adrnlnislration expenses are staff costs of £859.161 12020.. £744.749} Governance & professional
support lor Trustee$ repr88ent the costs of complwn9 wf(h statutory requirements, slralegic plannlng
and pravidlng legal and olh8r support 1¢ Trustees.
10. Indemnlty Insurance
rhe Charlly does pay insur8nce premiums lo indemnlty Trustees and senior staff from 8ny1088
arising from the neglect or defau118 of directors or 81aff and any conseqvenl Ioss. Tlege costs
amounted lo £1,411 12020. £1.1761.
11. Staff Gosts & gmoluments
Group
2021
2020
Wages & salaries
Social security costs
Ponsion costs
5,430.882
449,301
503,978
5.390,396
452,477
510,722
29

Weldmar Hospicecare
Notes formlng part of the consolidated financial statements
For the year ended 31 March 2021
11. Stafl costs & emolumènts continued
Thè average numbar of Staff employed by ltte Group during the year was as follows..
Group
2021
Number
2020
Numbèr
Inpatient unlt
Commanily nursing servi
Day cAre sèrvices
Education
Management and adminislralion of the charty
Fundrai8'.ng
Charit sho
65
2S
14
68
29
14
21
20
14
89
81
Emoluments of employe95 earning ovar £80,000 per annum, excluding pansion conlribulions, fall
within the following ."anges'.
Group
2021
Numbèr
2020
Number
£80,001 £70,000
£70,001 £80,000
£80,000. £90,000
£90,001 £100,000
£110,000 - £120,000
£120,000 - £130,000
£140,001- £150,000
Contributions of £22,291 12020.. £21,564) were made lo Ihe NHS Pension Scheme, a d&h'ned benefit
$eheme lor 2 hlgher paid employees12020.' 21. Contributions arr¢unting to £43,65312020.' £41,2351
were made lo a defined conlribulion scheme lor 1 higher paEd 8mployoes12020.. 11.
The Charfty eonsiders that the key management personnel comprise the Trustees and the senlor
m8n8geTenl team, w.lo are the Chief Executive and S other key direetors. The lolal employee
benefi18 ol Ihe key management personnel ol the Charity were £555,67912020.' £488,974),
12. Trustogs, remunèr#￿on and expenses
Th6 Truste85 reee.ved no remuneration in either year. The Trusleos received reimbursernenl of travel
CO818 for attending meetings totalling £Nil12020- £Nill. During the year Tnjsleeg waived expen8e8 of
£Nil12020.' £1,114).
30

Weldmar Ho$pl¢e¢are
Notes forming part of the consolldated financial statements
For the year ended 31 March 2021
13. Flxed assets
Group & Charity
Flxtur68,
Frtrohold Leasehold
Motor Fittings &
Offlcè
Property
Propgrty Vehlcles equipment Equipmfynt
Totsl
C05t or valuatlon
Al 1 April 2020
Addillons
Disposals
Revalu8llon8
4,174,343 1,052.380 170,700 1.278,841
27,000
24,025
11,8001
246,432
51,461
6,922,67S
102,48S
11,8001
418,413
573,413 1155.0001
Deproclatlon
At 1 April 2020
Charge for the y88r
On oisp08als
Reval'Jalions
197,458
55,342
84,188 162,034
21,047
12,674
840,063
189,285
56,433
1,473,028
240,646
11,6001
1358.0351
053,839
(1,8001
252,SOCI 1105.2351
1.35..Mqr¢h..202r
Net Book Val(t&
Al 3.1 March 2.021-.
397,3&&-.::¥11.792F :. -"
3 97W•fy6_..
The Ireehold and leasehold properties at Jo$eph Weld Hou¥e, Trimar House, Hammi¢k Hous8,
Weymouth and Lyme Regi8 were valued in March 2021 by an independent fimi of Dorchgsler
¢harter8d surveyors, Symonds & Sampson.
Jo88ph Weld House wa5 valued on a deprgciated replacemgnt Wsl basis, duo10 its specialised
nature 88 a purpose bulm hospice lacilrty The other properties were Valu￿ on an open market b8SI5.
Weyrnoulh and Lyme Regis are mixed use properties., the operat￿nal elemenlls shown a8 a tangible
flxgd asset, tho remaining element 1$ sht)wn as an investment property in Nole 15.
Historical co81 inlormallon al 31 March 2021
Historlcal
Net Book Value
Cost
Dopr8clatlon
Freehold Property
Leasahold Property
4.946,921
883,821
2,623,078
315,169
2,323.843
568.652
31

Weldmar Hospl¢e¢are
Notss forming part of the consolidated flnanclal statements
For the year ended 31 March 2021
14. Intanglble Assets
Group & Charity
Computèr Softwar8
Total
Cost or valuatSon
At l April 2020
Additions
Disposa15
126,675
- *26,6.7ts_.-
Doprèciatlon
Al 1 April 2020
Charge for the year
On dls
osals
120,669
4,525
th.25,194-.
Net 8ook Value
IAt $1 M4roh 2021 .
.Jt 31 March 2¢2&.
16, Invo8tm•nts
Group & Charlty
Freehold
Investment
Propertios
Charitles
Property
Fund
Llstéd
Securltles
2021
Total
2020
Total
Market value at 1 April 2020
Additio.18 al cost
Disposals al carrying value
Unrealised Ilossllprofil on
revaluation
n3.300
5.149.778
1,365.962
{1.242.1281
2.748.041
550,530
6,423,608
1,385.962
11,242,1281
2,512,874
e,398,673
1,454,178
1714,5651
1714,6781
1226,053}
19,1141
Hlstorical cost at 31 March 2021
251.275
6,567.575
500,000
6,007,254
5,485,224
32

Weldmar Hospl¢e¢are
Notes forniing part of the consolidated financial ststements
For the year ended 31 March 2021
16, Dfrbtors
The Group
2021
Th? Charfty
2021
2020
2020
Trade debtors
Other deb'.ors
Prepayments
Arxru8d income
248,701
108.423
206.253
1,181,861
238.320
120,621
215,684
1.173.058
197,039
108,423
206.253
1.181.861
238,140
120,621
215,684
1,173,058
The Charity h8$ been notified of kgacies with an eslimaled value of £808,03412020.. £1,046,866)
whioh nave nol been recognised as income al 31 March 2021 because no nolrfic8lion of impending
distribution or 8pproval of eslale aGGounls has been received.
17. Crfrdltors: Amounts falllng due wlthln one year
The Group
2021
The Charlty
2021
2020
2020
Trade creditors
Amounts due to subsidiary undertaklng
Other creditors
Taxation & 80¢i81 security
Accruals
217.888
80,460
178,521
52,34D
180.891
181.042
43,982
71,221
164,123
169,032
195,585
37,24e
'.837',g.oT..:
180.891
183,272
43,982
169,032
212,938
37,246
33

Weldmar Hospi¢ecare
Notes forming part of the consolidated financial statements
For the year ended 31 March 2021
18. Funds
At
1 April
2020
Incoming
Outgolng GainsllLossesl Transfers
on Inv&$tments
& Property
At
31 March
2021
Restrlctad fund$
Cancercare
Dorsel
Equipment fund-
sp&eific assets
NHS funding
D6partmenl ol
Health Grant
M8cmillan Grant
NHSE Gran18
857,333
36.457
(52.600)
133,805
11,399
986,394
137.718
137,718
1,826.378
11.826,3781
6,061
16,C611
5,338
15,3381
2,032,896
{2,032,89SI
Government
Grant$
Other restricte
funds
1,324,181
{1.324,1811
22,400
296.014
1209,3131
109,101
Unr8strlGt6d funds
General fund
Capital lun¢J
Des@naled
Strategic fund
Trading
subsidiaries, funds
3,985,980
5,945,555
2,926,3&4
5,114,359
12,962,783)
307.136 1504,2931 5,940,399
641 109
6,586,664
643,163
4,147,844
74.024
504,293
175.897
100,489
1194.350)
82,016
IF,-y86;92_31
Description ol fe81ricled lund8'.
Cancercare Dorsel Li.milea (which merged with Josaph Weld & Trimar Hospice in
November 2004 and su06equenlly became known as Weldmar Hospicecarel look over
the ¢pèration tsf the service known as tr￿.e West Dorsèl Macmillan S¢rwce .n February
1998. Ths had been 8 join: appeal operated wfih Macrnillan Cancer Reli81. The net
assets of the service were taken over by Cancercare Dor5el for the futu￿ oparalior. of
Ihg service. The oporalion of the service and Phe related as5els are Shown as a
reslricled fund, by virtue of Ihe lem)s ol the dissolution agreement ol the joint appeal.
The Charity continues lo operate this Se￿[¢8 and maintain the reslrieled fund.
21
Equipment fund Ispeerfic a8selsl - These are amounts received from donors lo purchase
specific items of equipment needed for the Charitls Work. In 2019120 these Included
aemenl a signage for the Inpalier.l Unil, Fall Prevention equ.'pmen:. for the lipalienl Unil,
Digital Inclusion equipment a*d 8 Community Vehicle.

Weldmar Hospi¢e¢are
Notes formlng part of the consolidated financial statements
For the year ended 31 March 2021
18. Funds continued
31
NHS funding- The Charity has a Service Level Agreement with Dor891 CCG. Under the
lerrns ol the contract the Chaily has agreed to provide spe¢ialisl palliative care in pat enl
and doy pal"'ent facilities lo the lermlnally ill 11 has also con:racted lo provide specialist
nurse advice in the ¢ommunrty, bereavemelt support, I'ained volunteer 5UPPOrt and
education in palliative care. Dorset CCG has also wnlribuled fund ng towards upgrading
the IT link between the Cb.arity and Ihe wider NHS.
41
Department of Health- as part of the Dignlty in Care- Capi(al Gr8nls for Improving
Hospice EnviTorymenls Scheme, the Charty was awarded a grant of £256,136 in the year
10 31 March 2014 to SUPDOrt the following capital projact..
R&de5Ign and relbrbishmenl of communal Social spaces within the inpalienl unil at
Joseph Weld House, DDrche3ler
The work funded by the grant was completed in accordancfj with thè terms Df the grant.
51
Macmillan Grant- the Charity was awarded o gr8nl by Macmillan Cancgr Support in
September 2015 lo fund a Clinical Psychobgist lor 42 months. The al￿$ ol +he proje¢l
are to scope specialist psycb,olog c81 provision for GanGer and end of life care acr08s the
acute 3e¢Lor in Dorsel, lo provid8 psychologul care lor our p8lienls and carers and lo
Support. educate and enable our stafl to mprove Ihelr role in supporting patients 8nd
their faTllies. The Chgrity was awarded a fJrther grant frt)m Macmillan Caneer Support
in July 2017 to fund a Telehealth Pilot Project fo.. 18 months. This gpable$ patients lo
regularly record their ¥ymploms from their (win homes using p811i8:ive care outcome
clin¢al indicators, whick ¢an be remotely a¢cess8d by clinical staff, as well a3 enabling
vid80 consull81ion between palients and clinicians in a timely and effic￿nI mann8r. The
Macmillan Grant ¢eased p8ymenl in March 2019.
61
Other re51ricled funds - relates +0 other donations or legacies over £250 whlch have
been received lo fund a Darticular part ol.he Chorily 8 work. In 2017118 w& were
fortunate lo receive legacies and donat￿n$ for musical instruments and art therapy, loft
insulabon, wndow repairs and new television sets al Joseph Weld Hosp￿0, and
towards the work of the Inpatiant Unll.
71
The NHSE awarded funding to alk)w the hospice lo make avai18bk bod Capacity ond
commdntty 8UPPOrt from April 2020 to July 2020 to provide support lo people Wrth
¢omplex negds In the context of the Covid-19 $(iualion ond lo provide bed capacity and
community support from November 2020 to Morch 2021 for the same Purpose. This w8$
non repayablfj funding.
The Government Grarts iiclude POyTnenls from the local 8ulhority due lo non essgnllal
'v.ail being closed al oifferenl limes during the year due lo the Covio-19 pandemic and
furbugh grants from HMRC where staff were unable lo WO￿ due lo the Cowd-19
pandemic. These were non repayabÉ granls.
8}
DescdpliDn of unreslricled funds..
Gener81 fund - This fund ￿presentS the accumulated su￿lUS from the adminislralion af
the Ch8rily.
Capital fund This fund represents Ihe I￿1￿len dowi value of unreslricled langlblg fixed
assets used for the Charty's charitable purposes and is not availabl& lo fund lulure
expenclilure. The revaluation reseTve is included within this fund (See Note 19 for Split of
tangible fixed 8sse18.1
Designated slialegic fund- This fund wresenls amounts allO￿ted in order lo implement
the Strategic Plan as oullir.ed in the Trustees, Report.
35
91
101

Weldmar Hospicecare
Notes fomilng part of the consolidated financial statements
For the year ended 31 March 2021
121
Trading subsidiaries- Th'.s fund r&presen:s the accumulated surpluses from the
acliviliés of Weldmar Hospicecare Trading Limited and Weldmar Hospicecare
Enterprises Ltd.
Transfers have been made belween the unr8strieled fund balanees lo designate the amounts
needed lo implement the Strategy and lo maintain the Capital Fund.
At
l Aprll
2019
Incoming
Outgolnp Gain61lLossesl Transfers
on Investments
& Property
At
31 March
2020
Restrlcted funds
CancerC8re
Dorsel
Equipment fund~
specific as$elS
NHS funding
DèDartmenl o,
Hèalth Grant
M8c.millan Grant
Olh8r reslricled
funds
913,131
36,457
{92,255}
857,333
136,718
83,193
183,1931
137,718
1.878,382
(1,878.3821
6,C181
6,061
5,338
1.301
153,689
11,3011
{131.2891
5,338
22,400
UnrestrlGtgd funds
General lund
Capital fund
Designated
Strategic fund
Trading
subsidiarias, funds
3.968,590 6,982,389
5.945.555
3.247,783
16,721,258)
1243,7411
3,985,980
5,945,555
2,926,364
85,250
1406,6691
189,836
252,748
1266,4871
176,897

Weldmar Hospicecare
Notes formlng part of the consolidated financial statements
For the year ended 31 March 2021
19. Analysls of group net assets between funds
Unrestricted
General Designated
Funds
Funds
Restrlctgd
Funds
Tolal
Funds
2Q21
Total
Funds
2020
Fund balances are represented
by..
Fixod a¥sels
Inve81men'.s
Nel current assets
Tot&l. t)•t 115¥91￿.
6.089,41 S
3,666,221
2.853.&43
6,089,415
9,060,316
2,839.405
5,449,648
6,423,608
2,188,390
4.147,844
1,24e,251
114.038)
20. Opgratlng leasg commltmgnts
Al the balance sheet date the Group had total commrtments under nonvcancellable opèrallng lea¥e8 a¥
follows..
Land and bulldlng•
2021
2020
Operating le0898 whkh expire.,
Withln one year
In two lo five years in¢lusive
Over live years
Totll cpthmllthèD(£-'::
427,258
1,178,754
784,125
444,383
1,289,879
897,459
21. Capltal Commltm6nts
Al the baLgncg Bh¢el dale the Charity had capi'.al commrtmen13 of £530.07312020.. £NILI. This
commrtmenl 18 for the relurbLghmenl ol the Inpalienl Unil which was approved by the board and is
scheduled 1¢ be completed in s18ge$ In the Summer and Autumn of 2021.
22. Penslon Commltments and othor Post-retlroment bentfft8
Weldm8r Ho¥pi¢ecare operates both a defined contribution and a deflned benefit pension scheme
which require conlribulK)ns lo be made to separalgly administered funds lor the benefit of the
employoes.
Employees pay 6 /0 of pensionable r8muneralion
Employèrs pay 140/¢ of pensionable remuneration.
Deflned contrlbutlon scheme
The Charity operates a defined coplribution pension scheme. Th8 asgels ol the scherne are held
separately from thosè ol the Charty in an independently adrninislered fJnd. The pension co81 chargg
represents conlribulsops pay8ble by the charity lo the fund and amounted lo £312,63D12020'.
£321,184). Contributions lolalliyg £38,58312020: £38.9631 wore payable to the fund al the balance
sheet date and are Includ￿ in ctgdilors.
37

Weldmar Hosplcecare
Notes forming part of the consolidated flnancial ststements
For the year ended 31 March 2021
22. Penslon Commitmènts and other Post-retiromént benefits Icontinuedl
D8flned beneflt Sch&mg
The NHS Pension Scheme 18 an unfundgd oceupational scheme backed by th? Exchequer, which is
open lo all NHS employees and employees of olhei approved org8nisalions. The Scheme provides
pensions, based on final salary, in varying cir¢umslances for employees of p8rticipaling employers.
As such il is not Possible for Weldmar to Klenlily ils share of the assels ap)d liabilities of the
underlying scheme. The Scheme receives con:ribu?ions from emp.'oyees and employers to detr8y
th8 CO8tB of pensK)ns and other bonefrts. The pension cost cb.argo r0presen18 contributioqs payabl8
by the charrty lo the fund and amounted '.0 £190.10512020.. £188.9421. Contributions tolalling
£26,05812020.' £27,770) were payablè lo the fund al the balance sh8e+ dale and are Includèd in
creditors.
A$ at 31 Mar¢h 2013 Ilhè latest dale lor whKh data is available) the liab1lil￿S of the Schem& were
valued al £284.2 billion. As the NWS Pension Scheme is an unfunded scheme, Ih&se liobili:ies arè
underwrillen by the Exchequer. Wh￿.1 also funds the yèar on year drffeftr,ce between th& Sch&me's
eonlribulion income and the actuarially 88sessed grovrth in scheme liability. interest charggs and
other in-year increases in liabilrty.
Further inform8llon can bo found on thè NHSPA web8ite',
23. Related Party Tran8a¢tlonty
The Charity ha8 had malerlal tr8n8actions wth 11$ 8ubsidiarie8 thai are aliminaled in Ihase
consolidatéd finaneial slalemenl8. Th& Charrty has taken the dispensation In FRS102 Ghapler 33 not
lo disck)8e such item8 in Ihfrse financial slat8menl8.
R•conclllatFon of net expendlture to net cash flow from opèratlng actlvltla8
2021
2020
Net in¢omel{expendlturel for thg yeor las por Ihe statgment of
flnanclal actlvltlés
Adlustments for..
Depreciation Charge lor year
Depreciation eliminated on r8valualion
IProlill1108s on sale of18ngible fixed
assets
IG8inslAoss6s on investments
IGainslnos8es on revaluation of fixed assets
D'.vid8nds, interest and rents from iyvestmenls
Ilncreaselldecrease in stocks
De¢rea5ellinere888} in debtors
IDecreasellincrea8e in ¢redilors
Net eash- ptovido.d-byl(u•gd-In
-_o""peratiNg_activltles'.:
3,927.490 1351,1661
245,171
1358,0351
14171 1159,9531
249,721
11,179,553}
{545,6601
1218,7151 1254.5751
5,100
18111
2,445 11,030.32SI
126,357
53,404
742,666
38

WeldmaT Hospl¢e¢are
25.
Analysls of cash and cash equivalents
2021
2020
Cash in hand
1.481,168
690,247
Cash held as part of the investment portfolio
218.398
218.398
Flnanclal perfomiance ol the Charfty
The ¢onsolidaled slalemenl of financial aclivilies includes the results of the ch8rily'9 subsidiaries,
weldrp.ar Hospicecare Tra¢Jing Limited and Weldmar Hospicecare Enl8rpr.'ses Limited. The summary
perfonnance of the Charity alone is as follows..
2021
2020
Income
Gift Ald frorn subsidSary_compgnies
10,7D4,309
139,405
10,f43,7_14
8.$47.556
1.179,553
545.660
4,021,37.4
13,885,749
17,907 120 k,: ..
9,220,661
153,143
9.1.7,#,004
8,968,565
1742,6681
Total expenditure
Nel gainslllosses} on Inve51rn8nls
Nel 9ainsll105S881 on revalualion of fixed 88selS
Net Incom•l{expg.ndltut•) -
Total funds brought forward
.fotal fvnd8 é•irled t'oiward F-
337,4271
14,223.'76
13,885,749
Repr•tsented
by:
Reslricled lund$
Unre8lricled funds
1,232,213
16,674,907
-17,907,12D_
1,027,850
12,857,899
-"i3.8.80-.745
39