2023-03-31-accounts

Legalandadministrative.information
ReportoftheTrustees(includingStrategicReport)
Reportoftheindependentauditors	14-17
Consolidatedstatementoffinancialactivities		18
ConsolidatedandCharitybalancesheets		19
Consolidatedcashflowstatement		20
Notesformingpartoftheconsolidatedfinancialstatements	21	-41

Patron	HisMajestyKingCharlestheThird
President	TheHonMrsC TownshendDL
VicePresidents	MrsC Bueno(retired30June2023)
	TheLordFellowesofWestStaffordDL
	MrJ GibsonFlemingDL
	DrG GuyMBBS
	MrsV McDonaugh(retired10January2023)
	MrsJ Mains
	MrsC J Nickinson
	MrsD SaleRGNRCNT
Trustees	MrS Baynard(Chairman)
	Mr IStone(ViceChairman)(Resigned31May2023)
	MrJ Lambert(ViceChairman)
	ViscountFitzHarris
	MrD French
	Mrs TGrant
	MsS Hawkett
	MsV Havercroft(Appointed22September2022)
	MrJ Joicey-Cecil
	MrP Lovibond
	MrsD Smith
ChiefExecutive	CarolineHamblett
CompanySecretary	SarahHarbige
RegisteredandPrincipalOffice	©WeldmarHospicecare
	HerringstonRoad
	Dorchester
	DT12SL
Bankers	CAFBank
	25KingsHillAvenue
	KingsHill,WestMalling
	Kent
	ME194JQ
	BarclaysBankplc
	10SouthStreet
	Dorchester
	DT11BT
	NationalWestminsterBankPlc
	49SouthStreet
	Dorchester
	DT11DW
	SantanderUKplc
	100LudgateHill
	London
	EC4M7RE

Aim		Achievement
Financial
1.	Tocontinuetoinvestinlong-termincome	Therewasagain,increasedlegacymarketingin
	generationincludinglegacymarketingand	theyearinadditiontoadditionallottery
	lotteryinvestmenttosecurelong-termfunding	investment.
	streams.
Operational
1.	ToexpandWeldmarHospicecare’ssupport	Theexpandedservicestartedoperatinginthe
	forpatientswithdegenerativeneurological	summerof2022
	conditions
2.	Tocontinuedevelopingandembedding	Asuiteofregularreportshasbeendeveloped,
	WeldmarHospicecare’sclinicalmanagement	providinginformationformanagement.Progress
	andreportingsystem,SystmOne,acrossall	hasbeenmadeonprovidingkeydataonreferrals
	clinicalareas.	andteamactivity,

Aim		Achievement	Achievement
3.	ToexpandWeldmarHospicecare’sprovision	3.	Theteamhasexpandedfurtherduringtheyear
	ofhospicecareathomethroughournew		includinga teamservicingthePurbeckarea.A
	WeldmaratHomeservice		numberoftheteam havealsostartedvocational
			qualifications.
4.	Tomaintainresiliencetotheimpactofthe		WehaveevolvedourCovid-19 guidanceand
	Covid-19pandemic		measures.Wehavealsointroducedadditional
			staffwellbeingsupporttomaintainresilience.
Strategic
1.	Tocontinuetoimplementthenewstrategyfor		Intheyearwehavefocusedonidentifyingnew
	WeldmarHospicecarefor2021-25.		incomeopportunitiesandreviewingandstartingto
			addressourlong-termpropertystrategy.
2.	Tocontinuetodeveloptheworkforce,		Furtherworkhasbeencompletedintheyearto
	fundraisingandretailstrategiestounderpin		developthesestrategies,includingimprovements
	WeldmarHospicecare’smainstrategy.		totherecruitmentandretentionofstaff,the
			openingofnewshopsanda returntorunningin-
			personfundraisingevents.

	2023	2022
	%	%
Inpatientunit	33	37
Communitynursingservice	17	17
Wellbeingservices	5	5
Education	1	1
WeldmaratHome	10	6
GeneratingFunds:
Fundraising	8	8
Shopsandtrading	26	26

	2023	2022
	£m	£m
Generalfund	13.05	12.67
Capitalfund	3.05	2.95
Revaluationreserve	2.84	3.05
Designatedstrategicfund	3.18	4.33
Restrictedfunds	0.03		-
TradingSubsidiaryfunds	0.10	0.09
	22.25	23.09

Risk		Mitigations
Theinabilitytorecruitsufficient,suitably		Increasingthenumberofchannels,weuseto
qualifiedandexperienced,staffresultsin		recruitstaff.
WeldmarHospicecarenotbeingabletodeliver		Implementingnewretentionstrategies.
itsservices.		Providingapprenticeshipsandothertrainingto
		upskillstaff.
		Reviewinghowservicesaredeliveredto
		maximisetheuseofhighlyskilledstaff.
Thefailuretogeneratesufficientfundsmeans		Newsourcesofincomearecontinually being
WeldmarHospicecarecannotdeliverits		evaluatedandimplementedwhereappropriate
services		Expenditureontargetedmarketingisbeing
		increased.
		Thecostofprovidingourservicesiscontinually
		reviewed.
Externaleconomicpressuresincludingthecost	|	Intheshortterm,deficitbudgetswillbesetto
oflivingcrisisandthepotentialUKrecession,		ensuretheimpactismitigated.

impactonresourcesavailableandrecruitment	Newsourcesofincomearecontinuallybeing
andretentionofstaff.	evaluatedandimplementedwhereappropriate
	Expenditureontargetedmarketingisbeing
	increased.
	Thecostofprovidingourservicesiscontinually
	reviewed.
TheWeldmaratHomeservicemayfailto	TheoperationofWeldmaratHomeiscarefully
generatefunds,staff,orcommunitysupport	reviewedandmonitored.
	Theserviceisactivelymarketed.
	Newsourcesoffundingarebeingsought.

4 October 2023

		Unrestricted		Restricted	Total		Total
	Notes	funds		funds	funds		funds
					2023		2022
		£°000		£000	£000		£000
Income
Donationsandlegacies	NY	2,800		132	2,932		5,014
Charitableactivities	W	57		2,198	2,255		4,507
Incomefromothertrading activities	—&	4,776		-	4,776		4,212
Investmentincome	oOo	392		-	392		249
Otherincomingresources			-	-		-	8
Totalincome		8,025		2,330	10,355		13,990
Expenditureon
Raisingfunds		3,459		39	3,498		3,159
Charitableactivitiestoprovide
palliativecare		4,641		2,261	6,902		6,217
Totalexpenditure		8,100		2,300	10,400		9,376
Net(expenditure)/ income fromoperationalactivities		(75)		30	(45)		4,614
Netgainsoninvestments		(637)		-	(637)		671
Net(deficit) /income		(712)		30	(682)		5,285
Otherrecognisedgains
(Losses)/ Gainsonrevaluation
offixedassets		(166)		-	(166)		(180)
Transfersbetweenfunds
Netmovementinfunds		(878)		30	(848)		5,105
Reconciliationoffunds
Fundsat31March2022		23,094		-	23,094		17,989
Fundsat31March2023		22,216		30	22,246		23,094

			TheGroup			TheCharity
	Notes
		2023	2022		2023	2022
		£°000	£’000		£,000	£,000
Fixedassets
Tangibleassets	13	5,886	6,001		5,886	6,001
Intangibleassets	14
Investments	15	10,785	11,208		10,785	11,208
		16,671	17,209		16,671	17,209
Currentassets
Stocks		24	19		7	6
Debtors	16	1,683	4,346		1,683	4,346
Cashatbankandinhand	25	4,417	2,142		4,412	2,136
		6,124	6,507		6,102	6,488
Liabilities:
Creditors:Amountsfalling
duewithinoneyear	17	549	622		625	696
Netcurrentassets		5,575	5,885		5,477	5,792
Totalnetassets		22,246	23,094		22,148	23,001
Funds
Unrestrictedfunds:
Generalfund	18	13,049	12,669		13,049	12,669
Capitalfund	18	3,047	2,946		3,047	2,946
Revaluationreserve	18	2,839	3,055		2,839	3,055
Designatedstrategicfund	18	3,183	4,331	.	3,183	4,331
Restrictedfunds	18	30	-		30	-
Tradingsubsidiaryfunds	18	98	93		-	-
Totalfunds	18	22,246	23,094		22,148	23,004

	Notes	2023 £,000		2022 £,000
Cashflowsfromoperatingactivities: Netcashprovidedbyoperatingactivities	24	2,395		1,950
Cashflowsfrominvestingactivities:
Dividends,interestandrentsfrominvestments		392		249
Proceedsfromthesaleofproperty,plantandequipment			-	216
Purchaseofproperty,plantandequipment		(299)		(495)
Proceedsfromthesaleofinvestments		2,607		1,167
Purchaseofinvestments		(2,820)		(4,340)
Netcash(used)byinvestingactivities		(120)		(3,203)
Changeincashandcashequivalentsintheyear		2,275		(1,253)
Cashandcashequivalentsat31March2022		2,142		3,395
Cashandcashequivalentsat31March2023	25	4,417		2,142

	Unrestricted	Restricted			Group
	GeneralFunds	Funds		Total		2022
	£'000	£’000		£°000		£'000
Donationsandgifts	948	132		1,080		1,227
Friendsdonations	3		-	3		33
Legacies	1,849		-	1,849		3,754
	2,800	132		2,932		5,014

	Unrestricted	Restricted			Group
	GeneralFunds	Funds		Total		2022
	£°000	£°000		£°000		£°000
CCGservicecontractand
othercontracts	3	2,159		2,162		1,847
GovernmentGrants	-	39		39		2,644
Educationandcourses	23		-	23		7
Cateringreceipts	31		-	31		9
	57	2,198		2,255		4,507

	Unrestricted	Restricted			Group
	GeneralFunds	Funds		Total		2022
	£000	£000		£'000		£’000
Fundraisingincome	452		-	452		360
Lottery	204		-	204		197
Charityshops	4,036		-	4,036		3,580
Saleofgoods	84		-	84		75
	4,776		-	4,776		4,212

	2023	2022
	£°000	£,000
Turnover	98	87
Costofsales	35	29
Grossprofit Administrativeexpenses	63 2	58 2
Netprofitbeforetaxation	61	56
Taxation	-	-
Netprofitaftertaxation	61	56

		Group
	2023		2022
	£000		£7000
Depositinterest	74		2
Dividendsandtreasurystock	280		193
Propertyrental	38		54
	392		249

			Group
			2023	2022
			£7000	£°000
Depreciationoftangibleassets			243	195
Amortisationofintangibleassets			-	4
Loss/ (profit)ondisposaloffixedassets			4	(9)
Operatingleaserentals			474	485
FeespayabletotheCharity'sauditorsfor:
auditoftheCharity’sandsubsidiary’s	financialstatements		19	15
taxadvisoryservices			4	4
. Analysisoftotalresourcesexpended
	StaffCosts	Direct	Support	Group
		Costs	Costs	Total
	£°000	£’000	£'000	£’000
Costofgeneratingfunds
FundraisingActivities
Costsoffundraisingactivities	309	324	144	777
Costsofrunningcharityshops	1,628	936	89	2,653
Totalcostoffundraisingactivities	1,937	1,260	233	3,430
Costsofmanaginginvestments	-	68	-	68
Totalcostofgeneratingfunds	1,937	1,328	233	3,498
DirectCharitableExpenditure
Inpatientunit	2,254	305	832	3,391
Communitynursingservice	1,301	106	356	1,763
Wellbeingservices	306	67	211	584
Educationdepartment	102	1	26	129
WeldmaratHomeservice	695	63	277	1,035
Activitiestoprovidepalliativecare	4,658	542	1,702	6,902
Totalresourcesexpended	6,595	1,870	1,935	10,400

	StaffCosts		Direct		Support		Group
			Costs		Costs		Total
	£'000		£'000		£000		£'000
Costofgeneratingfunds
FundraisingActivities
Costsoffundraisingactivities	270		267		125		662
Costsofrunningcharityshops	1,484		872		68		2,424
Totalcostoffundraisingactivities	1,754		1,139		193		3,086
Costsofmanaginginvestments		-	73			-	73
Totalcostofgeneratingfunds	1,754		1,212		193		3,159
DirectCharitableExpenditure inpatientunit Communitynursingservice Daycareservices	2,275 1,177 295		264 90 57		869 349 141		3,408 1,616 493
Educationdepartment	71			-	26		97
WeldmaratHomeservice	398		27		178		603
Activitiestoprovidepalliativecare	4,216		438		1,563		6,217
Totalresourcesexpended	5,970		1,650		1,756		9,376

	Managementand	Property	Governance	Group
	administration	costs	costs	Total
	£’000	£’000	£’000	£’000
InpatientUnit	731	89	12	832
Communitynursingservice	314	38	5	357
Wellbeingservices	185	23	3	211
Education	23	3	-	26
WeldmaratHome	243	30	4	277
Fundraising	125	16	2	143
Shops	89	-	-	89
	1,710	199	26	1,935

	Managementand	Property	Governance	Group
	administration	costs	costs	Total
	£’000	£°000	£000	£'000
InpatientUnit	766	90	13	869
Communitynursingservice	308	36	5	349
Daycareservices	124	15	2	141
Education	23	3	-	26
WeldmaratHome	157	18	3	178
Fundraising	110	13	2	125
Shops	68	-	-	68
	1,556	175	25	1,756

	Group
2023		2022
£000		£,000
6,487		5,872
584		493
527		503
7,598		6,868

	Group	Group
	2023	2022
	Number	Number
Inpatientunit	63	66
Communitynursingservice	27	26
Wellbeingservices	16	11
Education	2	2
WeldmaratHomeservice	21	14
Fundraising	11	10
Charityshops	84	83
Managementandadministrationofthecharity	25	24
	249	236

					Group
						Restated
			2023			2022
			Number			Number
£60,001	-	£70,000		-			4
£70,001	-	£80,000		1			-
£80,001	-	£90,000		4			4
£90,001	-	£100,000		3			2
£120,001		-£130,000		1			-
£130,001		-£140,000		-			4
£140,001		-£150,000		4			-
£190,001		-£200,000		-			4

						Fixtures,
	Freehold		Leasehold		Motor	Fittings&	Office
	Property		Property		Vehicles	Equipment	Equipment	Total
	£'000		£7000		£000	£°000	£'000	£000
Costorvaluation
At1 April2022 Additions Disposals Revaluations	4,539	- - -	897 (200)	- -	144 - - -	1,354 269 (141) ~	319 30 (115) -	7,253 299 (256) (200)
At31March2023	4,539		697		144	1,482	234	7,096
Depreciation
At1 April2022 Chargefortheyear Ondisposals Revaluations	60 61	- -	18 17 (34)	-	128 7 - -	776 130 (136) -	270 28 (115) -	1,252 243 (251) (34)
At31March2023	121		1		135	770	183	1,210
NetBookValue
At31March2023	4,418		696		9	712	51	5,886
At31March2022	4,479		879		16	578	49	6,001

	Freehold			Charities
	Investment		Listed	Property		2023	2022
	Properties		Securities	Fund		Total	Total
	£7000		£000	£7000		£7000	£000
Marketvalueat1 April Additionsatcost Disposalsatcarryingvalue Unrealisednetgainsonrevaluation Marketvalueat31March	366 366	- - -	10,214 2,820 (2,624) (536) 9,874	628 (83) 545	- -	11,208 2,820 (2,624) (619) 10,785	7,364 4,340 (1,136) 640 11,208
Historicalcostat31March	67		9,031	500		9,598	7,424

		Group		Charity
	2023	2022	2023		2022
	£’000	£7000	£7000		£000
Tradedebtors Otherdebtors Prepayments Accruedincome	32 150 200 1,301	158 104 234 3,850	32 150 200 4,301		158 104 234 3,850
	1,683	4,346	1,683		4,346

			Group			Charity
	2023		2022		2023		2022
	£’000		£°000		£000		£'000
Tradecreditors Amountsduetosubsidiaryundertaking Othercreditors Taxationandsocialsecurity Accruals	113 48 224 164	-	179 179 204 60	-	111 80 48 223 163		179 76 179 202 60
	549		622		625		696

					Amounts	Additional
		At	1	April	releasedin	provisions	At31March
				2022	theyear	made	2023
				£°000	£000	£'000	£7000
Charitable Fundraising Other	activities events			153 11 5	(153) (11) (5)	- 38 3	- 38 3
				169	(169)	41	41

	At						At
	1April	Incoming		Outgoing	Gains/	Transfers	31March
	2022				(Losses)		2023
	£7000	£’000		£'000	£'000	£000	£'000
Restrictedfunds
NHSfunding NHSEgrants Governmentgrants	- - -	1,874 285 39		(1,874) (285) (39)	- - -	- - -	- - -
Otherrestrictedfunds	-	132		(102)	-	-	30
Totalrestrictedfunds	-	2,330		(2,300)	-	-	30
Unrestrictedfunds Generalfund Capitalfund Revaluationreserve Designatedstrategicfund Tradingsubsidiaries’funds Unrestrictedfunds	12,669 2,946 3,055 4,331 93 23,094	7,642 285 98 8,025	- -	(7,184) (198) (50) (631) (37) (8,100)	(637) - (166) - - (803)	559 299 - (802) (56) -	13,049 3,047 2,839 3,183 98 22,216
Totalfunds	23,094	10,355		(10,400)	(803)	-	22,246

	At1									At31
	April		Incoming	Outgoing		Gains	/	Transfers		March
	2020					(Losses)				2022
	£'000		£7000	£000		£000		£7000		=£000
Restrictedfunds
CancerCareDorset	985		-	(985)			-		-		-
Equipmentfund— specificassets	138		250	(250)			-	(138)			-
NHSfunding NHSEgrants		- -	1,830 2,533	(1,830) (2,533)			- -		- -		- -
Governmentgrants		-	1114	(111)			-		-		-
Otherrestrictedfunds	109		120	(229)			-		-		-
Totalrestrictedfunds	1,232		4,844	(5,938)			“	(138)			“
Unrestrictedfunds
Generalfund	5,940		9,104	(3,338)		490		473		12,669
Capitalfund	3,688		250		-		-	(992)		2,946
Revaluationreserve	2,899		-		-		-	156		3,055
Designatedstrategicfund	4,148		-	(318)			-	501		4,331
Tradingsubsidiaries’funds	82		87	(76)			-		-	93
Unrestrictedfunds	16,757		9,441	(3,732)		490		138		23,094
Totalfunds	17,989		14,285	(9,670)		490			~	23,094

	Unrestricted	Unrestricted
	General	Designated	Restricted	Total	Total
	Funds	Funds	Funds	Funds	Funds
				2023	2022
	£7000	£°000	£000	£’000	£°000
Fundbalancesarerepresentedby:
Fixedassets	5,036	842	8	5,886	6,001
Investments	9,227	1,543	15	10,785	11,208
Netcurrentassets	4,770	798	t	5,575	5,885
Totalnetassets	19,033	3,183	30	22,246	23,094
		38

ancellableoperatingleases,foreachofthefollowing	periods:
	Landand	buildings	Other
	2023	2022	2023	2022
	£7000	£’000	£000	£'000
Operatingleasespaymentsdue
Notlaterthanoneyear	401	415	7	vi
Laterthanoneyearandnotlaterthanfiveyears	999	1,215	6	12
Laterthanfiveyears	392	683	-	-
Totalpayments	1,792	2,313	13	19

	Salesofgoods	and		Amountsdueto
	services			relatedparties
	2023	2022		2023 2022
	£°000	£000		£'000 £’000
WeldmarHospicecareTradingLimited	1		1	80 76

		Group
	2023		2022
	£'000		£000
Net(deficit)/incomefortheyear(asperthestatementoffinancial			5105
activities)	(848)
Adjustmentsfor:
Depreciationchargeforyear	243		196
Loss/(profit)onsaleoftangiblefixedassets	4		(8)
Losses/(gains)oninvestments	637		(671)
Gainsonrevaluationoffixedassets	166		180
Dividends,interestandrentsfrominvestments	(392)		(249)
Decreaseinstocks	(5)		2
Decrease/{increase)indebtors	2,663		(2,601)
(Decrease)increditors	(73)		(4)
Netcashprovidedbyoperatingactivities	2,395		1,950

			Group
		2023		2022
		£°000		£7000
Cash	inhand	4,348		1,803
Cash	heldaspartoftheinvestmentportfolio	69		339
Total	cashandcashequivalents	4,417		2,142

	2023	2022
	£'000	£'000
Income	10,257	13,903
GiftAidfromsubsidiarycompanies	56	46
	10,313	13,949
Totalexpenditure	(10,363)	(9,346)
Net(losses)/gainsoninvestments	(637)	671
Net(losses)onrevaluationoffixedassets	(166)	(180)
Net(deficit)/income	(853)	5,094
Totalfundsbroughtforward	23,001	17,907
Totalfundscarriedforward	22,148	23,001
Representedby:
Restrictedfunds	30		-
Unrestrictedfunds	22,118	23,001
	22,148	23,001