OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

OUR VIRTUAL YEAR OF

ANNUAL 2020 REPORT 2021

----- Start of picture text -----
@StBarnabasLinc StBarnabasLinc
----- End of picture text -----

WHAT WE DO

St Barnabas is a local, independent charity which supports more than 10,500 people across Lincolnshire each year.

We deliver free, high-quality, family and carers. We aim to enable compassionate end-of-life care them to live as fully as they are able and support to adults living with a for however many days, weeks or life-limiting or terminal illness, their months they have left.

CONTENTS

p2 p16-17 What we do Finance, estates and IM&T

p3 p18 Message from our chairman Financial statements

p4 p19 Mission, vision and values Message from our chief executive

p4-5 Our year in numbers

p6-7 Clinical and wellbeing

p8-9 Our people

p10-11 Fundraising

p12-13 Retail

p14 Lottery

p15 Marketing

A MESSAGE FROM OUR CHAIRMAN

If you had told me when I wrote the Chairman’s report in-house service, maintenance, last year, at a time when the IT, accountancy, and many other services too numerous to mention. pandemic appeared to be in I must not forget the contribution reverse and we were starting made by our army of volunteers to win the battle, that twelve who have also had to stand months on we would still be down during the year, for as we move into the reopening phase, we will once again be reliant on gone through an even worse them for their support they give would not have believed you. the past. Things will improve, on that I am absolutely convinced, But that’s what has happened, but we will have to accept that and we are still not there yet. All the plans that I had when have been shot to pieces and the emphasis has been purely on have had to operate and control survival both of the general public the operation from afar, and have done so with remarkable success. Well, survive we have, and we I applaud and congratulate them now approach a still somewhat all for their determination and uncertain future with renewed resilience they have shown as vigour, enthusiasm and a desire we have progressed through the year. I must also thank the general team have worked tirelessly public for their generosity in for eighteen months and have ensured that the services that St and thank the patients who have Barnabas stands for have been used our services for their patience maintained. We have been there and understanding of the changes for the people who need and that we have had to make in order involved as safe as possible. methods to raise much needed funds and have been most as we hopefully come out of successful. The Shops team the grip of the pandemic, but I who were unable to function for a sizeable percentage of the secure and that we will come year, have reorganised and are out of this period stronger than embracing a new way of working before. The Board and I are and, when allowed to be open, up for the challenge and are looking forward to our 40th The support services who have anniversary year. Let's get started! equally had a tough time, have been able to maintain the service Tony Maltby

2 St Barnabas Annual Report 2020-2021

StBarnabasHospice.co.uk 3

VISION

Our Vision is a world where dying with and having choices is a fundamental part of a life.

INCOME GENERATION AND MARKETING

was won by supporters on the

SHOPS

was raised from Gift Aid in our charity shops

was raised from recycling over 80 tonnes of items we were unable to sell

CARE

people received specialist Inpatient care

2,586

people were cared for in their own homes

items were sold across our 26 charity shops

MISSION

Our Mission is to ensure all individuals facing the end of their life in Lincolnshire

compassionate care when they require it and where they ask for it.

£118,525 was raised from gift aid in fundraising activities

and scratch card players

ONLINE

followers reached on LinkedIn, an increase of 47%

SUPPORT

people were supported by our counselling services

and awarded by our Welfare team

patients and families were supported across Lincolnshire

patients accessed our Occupational Therapy or Physiotherapy services

people accessed Day Therapy support

new patient referrals were received, an increase of 13%

VOLUNTEERS

9,920

VALUES

followers reached on Twitter, an increase of 6%

2,853

followers reached on Instagram, an increase of 24%

We won 6 awards for our outstanding work

hours of volunteered time were donated to our charity shops by 627 volunteers

Volunteers gave their time freely

4 St Barnabas Annual Report 2020-2021

Facebook followers, an increase of 16%

----- Start of picture text -----
OUR YEAR
IN NUMBERS
----- End of picture text -----

----- Start of picture text -----
StBarnabasHospice.co.uk 5
----- End of picture text -----

CLINICAL AND WELLBEING

Innovating during a crisis

During 2020/21, our Clinical and Wellbeing teams worked tirelessly, both behind the scenes and on the frontline, to care for vulnerable patients and clients during

The teams quickly adapted to the constraints imposed by the pandemic, developing new ways of working to continue supporting the delivery of outstanding hospice care to the people of Lincolnshire.

continued to visit people in their own homes, and our inpatient units have continued to admit patients, providing them with much-needed care and support.

aided by trained volunteers, have maintained their valuable support and developed new services. These include a much-needed bereavement helpline and virtual bereavement groups, making use of innovation and technology to continue the reach of support and advice.

continued to provide specialist support and care to people have been unprecedented times of loneliness for many.

All our clinical teams have worked incredibly hard and developed strong collaborative relationships and innovative ways of working with our healthcare partners. We have also provided education and wellbeing support to partners in Lincolnshire.

year is to work to address the growing health inequalities in palliative and end-of-life care striving to tackle inequality and widen access to hospice care for people who may not traditionally access it.

Marie Pattison has worked for St Barnabas Hospice for 37 years in the Fundraising team, but last year she experienced the her mum became ill.

into the specialist, round-the-clock care of the St Barnabas Inpatient Unit.

The nurses are absolute angels and I will never forget the lengths they went to in looking after Mum. “Mum was a very elegant lady and always took great care of her appearance. I remember visiting her at the Hospice one day and the nurses had done her hair beautifully and painted her nails. They had given me my mum back for those last few days and that meant the absolute world to me.

She said, “My mum was the loveliest lady you could ever know. I know a lot of people would say that about their mum, but her positive outlook on life shone through to everyone who knew her. When St Barnabas took over her care, they gave our family the chance to see mum shining once again. She was my best friend and I miss her greatly.

“Music was a passion of Mum’s, so the nurses were able to calm her with headphones, letting her listen to her favourite songs peacefully. Nothing was ever too much trouble for them.

“We have always been a close-knit family, so when Dad passed away in 2019 it took a toll on us all. If I’m being honest, Mum was never the same again. She tried to carry on as best she could, but she was completely heartbroken.

“Mum died the day after her 76th the Inpatient Unit. Even though we were in the middle of a pandemic, I was able to sit with her all night and talk to her one last time. I told her how much I loved her and not to be frightened as Dad would be waiting. Although she couldn’t speak back, I knew she could hear me and that brought a lot of comfort.

Hospice during a very frightening time. I will never forget the care and compassion shown to her; it means the world that families like ours have such incredible people there to times.”

6 St Barnabas Annual Report 2020-2021

StBarnabasHospice.co.uk 7

OUR PEOPLE

The backbone of hospice care

After receiving ‘world class’ or ‘outstanding’ in all areas of the Best we ranked the best charity to work for in the UK, the best company to work for in the Midlands, and the best large company to work for in the UK.

the backbone of the Hospice, working hard to support our patients and facilities, raise money and awareness, and provide administrative support to the charity.

In 2020/21, a year like no other, we have worked hard to support roles and whilst some have been unable to work like normal.

We are proud of our retention and recruitment numbers for retail volunteers during enforced lockdowns.

Today we have retail volunteers, which is of had a shrinkage in our retail volunteer population, which is much better than the national average retention rate for charity volunteers.

The pandemic threw many challenges in the direction of HR internal communication led to the departments, but we are proud of our team who were able to keep providing a centralised place for up to date with, understand and important news and updates. implement HR and employment legislation changes. These changes, which often came through overnight, included year is to utilise the new furlough, sickness arrangements, Workforce Strategy we shielding and home working. recently launched, developing engagement, equality and We provided wellbeing support volunteers. In turn, we hope this the pandemic, and particularly will lead to an even higher Best lockdowns. This included regular email updates, webinars, virtual

WE ARE PROUD OF OUR RETENTION AND RECRUITMENT NUMBERS FOR RETAIL VOLUNTEERS DURING ENFORCED LOCKDOWNS.

8 St Barnabas Annual Report 2020-2021

StBarnabasHospice.co.uk 9

FUNDRAISING Embracing the digital revolution

Fundraising faced a completely new challenge in 2020/21, after events were completely cancelled for a period of time. This included anything from participation. It was a race to make fundraising digital as our supporters learned to adapt to a new, temporary way of living. We applied for grant funding The Fundraising team rallied to help reduce isolation and quickly and adapted fundraising loneliness in the county and were and stewardship overnight to successful in receiving around keep supporters engaged, giving £200,000. This money helped them a sense of purpose as the keep our patients and families pandemic unfolded. connected through iPads, laptops and various other technologies. It enabled people to feel less alone especially when juggling with lockdown.

especially when juggling with childcare and other personal worries linked to the pandemic.

fully virtual campaign run by the Hospice, which captured the hearts of supporters of all ages and raised over

Rudy’s Run was also introduced to engage with schools and childcare settings, supporting their wellbeing and helping to give them something exciting to look forward to at Christmas.

Rudy's Run raised an additional and engaged with local children.

Our Light up a Life campaign As an organisation, we are turned completely digital, using developing our corporate video to live stream the Torchlight relationships. In response to Procession to supporters across the pandemic, we are working the county. with a number of commercial participators and professional fundraisers.

Light up a Life surpassed all expectation and brought in our best ever fundraising amount from a Light up a Life campaign of £73,000

year is to bring back faceto-face events and activities whilst celebrating our 40th anniversary in 2022. We have grand plans and have partnered with some amazing organisations to bring an incredibly emotive ironwork display and brand-new art trail to the county.

The Hospice lost an estimated £2,000,000 because of the pandemic, so we went out to supporters with a Crisis and Urgent Care Appeal. Our supporters got us through those challenging months with their generosity and hope for the future. Their support meant our doctors and nurses could be there for the most vulnerable people at a time when it mattered.

10 St Barnabas Annual Report 2020-2021

StBarnabasHospice.co.uk 11

RETAIL

Warmly welcomimg back our customers

2020/21 was an

2020/21 was an We turned to online sales to unprecedented year for retail, help boost income, which seeing our charity shops was particularly successful closed for seven months over the festive period. This included expanding our eBay store to include new goods government restrictions. This and embracing new channels meant that our Retail team such as Depop and Facebook was forced to adapt quickly to Marketplace. rapid change and new ways of working. When our shops were able to reopen, safety was at the forefront of the process and we on furlough, income stopped overnight. volunteers, customers and donors felt safe when returning to our However, we managed to stores. Robust safety measures generate £600,000 via business were put in place to adhere to grants and a further £64,000 from government guidelines, including landlords and other companies PPE, hand sanitiser, social distancing, contactless payments repayments. Their generosity was and more. much appreciated.

The Donation Drive-Thru was launched when shops reopened, enabling supporters to safely donate their items at our Central Warehouse in a designated time slot, with minimum contact with anyone. This was a huge success,

generating over 4,000 bags and boxes of donations

50 tonnes of items in the 600

Because of its success, the DriveThru is still operating and has won a national award at the Charity Retail Awards. A special thank you must go to the Lincolnshire Showground for helping with storage space during the peak donation weeks of our Drive-Thru.

40th anniversary year is to open a new superstore and build on our brand awareness showcasing not only our role in income generation, but also the vital part that shops play in sustainability.

Finally, praise must be given to Retail team who not only coped able to work for long periods, but also adapted to huge changes upon returning to work. Their focus and commitment in getting the shops back open is testament to their passion for supporting the Hospice.

12 St Barnabas Annual Report 2020-2021

StBarnabasHospice.co.uk 13

LOTTERY

Reaching new heights

team was able to continue working hard with limited adjustments needing to be made due to already operating digitally. This stood them in good stead for a hugely successful year generating income.

When fundraising events were cancelled and charity shops closed, we were able to partly scratch card players.

few and far between during the pandemic, as many were campaign not only to recruit more lottery players, but also asking our current players if they were able to increase their numbers of weekly entries.

supporters as a way to look to the future and be hopeful. This income of just over £70,000.

brought in another £70,000.

we were operating in, our Lottery team hit all their

was won by supporters on the Lottery or in

Our summer and winter

each

LN6 was the luckiest postcode, winning

£739,857 was raised by regular lottery, players

Our ambition for the coming year is to celebrate both the Lottery’s 25th anniversary and the Hospice’s 40th anniversary in style. We will work to raise number of lottery players and eventually become the biggest charity lottery in Lincolnshire.

MARKETING

The voice of the Hospice

2020/21 saw the Marketing team take the lead on digitalising the Hospice’s promotions, communications and income generation. There were already plans in place for this, but these were rapidly brought forward as the team adapted to the changing times.

We were successful enough

year, including Lincolnshire Live’s Business in the Face of Adversity award and an East Midlands Charity Award.

These award submissions were put together by the Marketing team, who have worked hard to shine a light on organisational successes.

Increasing our social media reach was a priority in an increasingly digital environment, so we are proud to see a

follower increase on LinkedIn, on Instagram and on Facebook.

Last year, we had our two most successful social media posts to date. Both on Facebook, our posts about a wedding at the Inpatient Unit and an urgent call out for PPE reached over 130,000 people each and generated national press coverage.

In total, pieces of press coverage were published, gaining over million views

Our ambition for the coming year is to continue developing our digital footprint and increase the number of people across Lincolnshire who understand the services we provide and the work we do.

14 St Barnabas Annual Report 2020-2021

StBarnabasHospice.co.uk 15

ESTATES AND IMT

Working smarter and improving facilities

2020/21 gave our Finance, We switched to remote working, Estates and IM&T teams the meaning that all our administrative opportunity to take stock of assets and formulate a smarter home with software such as working plan to better suit 365, when home working was compulsory. This has been hugely The Finance team successfully members changing their contracts steered the Hospice through a permanently to either home caused by the pandemic. This included the temporary closure of charity shops and cancellation of fundraising events. Net income before net gains on investments was a surplus of £210,000.

The speedy implementation of our new cloud-based phone system enabled our Palliative Care Coordination Centre to continue operating remotely. This was hugely important as for new patient referrals.

Plans for our new Wellbeing Hub in Boston were completed. This building will enable the provision of our core services to patients and has been designed with environmental concerns at the forefront.

We are continuing to develop our existing estate, ensuring purpose. The pandemic gave us the opportunity to embark on a at our Louth Day Therapy Centre, meaning that site drainage is

Our ambition for the coming year is to continue developing and modernising our estate allows us to continue delivering the very best care. Along with opening our Boston Wellbeing Hub, we plan to refurbish our existing Inpatient Unit in Lincoln, so it better serves our patients,

16 St Barnabas Annual Report 2020-2021

StBarnabasHospice.co.uk 17

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

----- Start of picture text -----
Unrestricted£ Restricted£
1,784,748 99,043
6,175,466
2,406,559
Investment Income 283,755 -
10,650,528 12,008,088
Raising funds 293,289 3,692,660
7,788,423 1,956,552 9,016,456
investments - 928,897 (795,202)
80 - 80 68
Transfer between funds (39,783) - -
----- End of picture text -----

A MESSAGE FROM OUR CHIEF EXECUTIVE

The coming year is going to be about how we as an dependent on the support we get organisation live with the from the public, our communities, virus. It’s not going to go and our work within income generation. We are yet to see away; it’s going to be about how that’s going to work, but how we cope and how we clearly, we do need to develop become more sustainable sustainable, long-term income and resilient to working in this streams. environment.

I look forward to the year ahead, volunteers and community, and I look forward to celebrating our 40 years of operation within Lincolnshire, which we really couldn’t have done without support from our community,

We will develop our mobile purpose, and we will operate in team spaces are going to be used

CONSOLIDATED BALANCE SHEET

----- Start of picture text -----
14,202,793
4,393,955
(1,258,207)
3,135,748
17,338,541
Revenue reserve
Revaluation reserve
Investment Reserve
Louth Wellbeing -
Grantham Wellbeing 100,000
Inpatient Unit 1,000,000
Lincoln Wellbeing
Boston Wellbeing
----- End of picture text -----

What’s clear about this process is that people’s resilience has been hit and it’s incumbent for us as an organisation to support their wellbeing and how they are operating within the organisation.

Within the healthcare system, it’s imperative that we continue to lead on the development of endof-life and specialist palliative care within Lincolnshire, and our role within the integrated care system is vital. We are a key member of the voluntary engagement team, and that is an area of service that we will continue to work with and operate in.

Chris Wheway

~~18 St Barnabas Annual Report 2020-2021~~

StBarnabasHospice.co.uk 19

We would like to say a special thank you to those who have volunteering and fundraising, participating in our events and initiatives, joining our Lottery, buying from our charity shops and helping spread awareness of our care across Lincolnshire.

StBarnabasHospice.co.uk

@StBarnabasLinc StBarnabasLinc

@stbarnbashospice

36 Nettleham Road Lincoln LN2 1RE

01522 511 566 enquiries@stbarnabashospice.co.uk

Registered Charity No. 1053814

Registered number: 03166056 Charity number: 1053814

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 13
Independent auditors' report on the financial statements 14 - 18
Consolidated statement of financial activities 19
Consolidated balance sheet 20
Charity balance sheet 21
Consolidated statement of cash flows 22
Notes to the financial statements 23 - 58

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021

Mr A J M Maltby, Chairman Mr P J Banton, Trustee Dr D A R Boldy, Trustee Mr S J Elkington, Trustee Mr A G Henderson, Trustee (resigned 8 December 2020) Mrs S Knight, Trustee Mrs A Legate, Treasurer Mr D Libiszewski, Trustee Mr J H Wadsworth, Trustee (appointed 17 June 2021) Mrs H Jackson, Trustee (appointed 17 June 2021)

Company registered
number 03166056
Charity registered
number 1053814
Registered office 36 Nettleham Road
Lincoln
Lincolnshire
LN2 1RE
Company secretary A J M Maltby
Chief executive officer Mr Chris Wheway
Independent auditors Duncan & Toplis Limited
Statutory Auditor
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR
Bankers National Westminster Bank plc
225 High Street
Lincoln
LN2 1AZ
Solicitors Chattertons Solicitors
1 Flavian Road
Nettleham Road
Lincoln
Lincolnshire
LN2 4GR
Investment Managers Quilter Cheviot
St Helen's
1 Undershaft
London
EC3A 8BB

Page 1

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Trustees present their annual report together with the audited financial statements of the Charity for the 1 April 2020 to 31 March 2021. The annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

I am very pleased to share with you the Annual Trustee report for 2020/2021. This last fiscal year, without doubt, has been unprecedented within the history of St Barnabas Hospice Trust (Lincolnshire). I am proud to report that with outstanding commitment and with no detriment to the delivery of care, our dedicated staff and volunteers have risen to the many challenges that would not have been foreseen at the outset of the year.

As Chairman, my role is to ensure that the Board of Trustees have all the necessary information available to provide them with confidence that the Executive team can deliver on our strategic objectives.

We are all fully satisfied with the transparency and inclusivity of the breadth of reporting to Trustees. This provides the Board with the knowledge and evidence that this is a well led and outstanding organisation that firmly has the interests of patients, families, the public and staff as a priority.

The success of the work we do is firmly reflected in the ability of the hospice to respond to the challenges that have been presented to us and the commitment to evolve and innovate. I firmly believe that the hospice has successfully navigated through this pandemic to continue deliver outstanding care through the work of all our of staff at the hospice and through the collaborative working and partnerships with other healthcare providers across the County.

The breadth and scope of the priorities we have committed continues to evolve so that hospice care is accessible to more people in Lincolnshire, a firm commitment of St Barnabas Hospice Trust (Lincolnshire). Our commitment to continue to deliver outstanding care in these unprecedented times is unwavering. On behalf of the Board, I would like to extend our utmost gratitude to everyone who has supported us through these challenging times and period of uncertainty.

The Quality of our services has not been negatively impacted by the new ways of working that we have been required to adopt. This has been achieved by the dedication and commitment of all our staff and volunteers to ensure that the service levels were maintained. Furthermore, the support from the people of Lincolnshire has been outstanding and coupled with the commitment of the local Clinical Commissioning Group and the NHS, we together have continued to promote the development of palliative and end of life care for the community. During the year, St Barnabas Hopsice Trust (Lincolnshire) has been able to fund the comprehensive service provision and achieve the objective of having reserves of six months running costs.

Page 2

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Objectives and activities

Objectives and aims

Our Vision, Mission and Values provide the foundation of our organisational strategy, direction and guidance in delivering our goals. They were developed by and belong to our most important asset, our people and define our aspirations, purpose and the core beliefs.

Our Vision is a world where dying with dignity, compassion and having choices is a fundamental part of life.

Our Mission is to ensure all individuals facing the end of their life in Lincolnshire receive dignified, compassionate care when they require it and where they ask for it.

Our Values

To achieve this vision, St Barnabas Hospice Trust (Lincolnshire) operates as a partner and as an integral member of the health and social care community. Through the development of partnerships with colleagues in other agencies and establishing networks both locally and nationally we seek to enhance the development of services throughout Lincolnshire.

Public benefit

Services provided by St Barnabas Hospice Trust (Lincolnshire) are for the benefit of patients with a terminal illness who are resident in Lincolnshire. Our teams will support families and carers, both during the patients' illness and in bereavement, irrespective of whether the patient themselves received care from our teams. The charity also aims to advocate for and influence the wider development of palliative care services and through this, aims to ensure that the benefits of our service, knowledge, experience and skills are extended to the wider population.

The trustees consider that they have complied with their duties under the Charities Act 2011 to have due regard to public benefit guidance published by the Charities Commission.

Page 3

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Objectives and activities (continued)

Volunteers

In normal times, the Trust benefits from the support of its volunteers and in previous years over 1,000 volunteers provide invaluable service to our clinical, wellbeing, fundraising and shops teams. The Covid 19 pandemic however caused a significant reduction in volunteer hours as most of our volunteers were stood down for the entire year for health and safety reasons. During 2020/2021, our volunteers donated an estimated 21,427 hours (2020: 74,000) of their time to the hospice, which at the minimum wage and on-costs such as employer national insurance, would equate to a donation of £219,200 (2020: £690,000)

Our people are our most important resource and ensuring we recruit and retain a workforce with the right skills is crucial to ensure we continue to deliver high quality specialist palliative care. Our Workforce Strategy focuses on engagement and appropriate and affordable reward, recognition and development which has been recognised through an external staff engagement accreditation award, revised recruitment procedures, a reward and recognition programme and an appraisal and increment process that is focused on performance, values and results.

Page 4

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Strategic report

Achievements and performance

Charitable activities

Over the year, St Barnabas Hospice Trust continued to provide a full range of services to patients throughout Lincolnshire, despite the restrictions imposed through the pandemic. The implementation of more stringent infection control procedures, including the temporary closure of our Wellbeing centres, did limit our ability to provide some of our usual services. We responded by seeing more patients in their own homes and using technology to continue to care for our patients. The following provides a summary of activity over the last twelve months:

welve months:
2020/21 2019/20
Palliative Care Co-ordination Centre
New Patient Referrals 2,948 2,602
Calls handled 93,361 68,241
In-Patient Unit
Total Admissions 195 215
Unit Occupancy (%) 58% 72%
Average Length of Stays (Days) 11.5 13.2
Allied Health Professionals
Number of Patients 1,421 1,449
Day Therapy
Number of Patients 772 1,134
Average Length of Care (Days) 274.3 183.5
Hospice at Home
Number of Patients 2,586 2,217
Average Length of Care (Days) 35.9 30.9
Specialist Palliative Care - Other
Outpatients 49 116
In Reach 133 25
Advice/Consultation 454 341
CCNS 334 225
Family Support Services
Number of clients 701 776
Welfare
Number of clients 4,202 4,552
Estimate of client benefits obtained £8,798,589 £9,053,548
Hospice in the Hospital
Number of Admissions 89 156
Occupancy (%) 49% 70%
Average Length of Stays (Days) 12.4 10.1

Page 5

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Strategic report (continued)

Achievements and performance (continued)

Achievments during 2020/21

The Trust identified four clinical priorities for improvement during 2020-2021

  1. Deployment of electronic referrals to St Barnabas Hospice Community Services

  2. Enhancing the quality of holistic family support

  3. Single nurse administration of controlled drugs – Inpatient Unit

  4. Raising the profile of equality and diversity across hospice services

Electronic Referrals

The electronic referral was co- designed as part of a collaborative task and finish group with multiple stakeholders from across the health and social care system. This has resulted in the development of a Lincolnshire multi-agency electronic referral form.

The form has been uploaded onto the patient electronic record system and has been shared with other stakeholders to embed into everyday practice. This innovation ensures that the most relevant patient information is collated by the referring clinician on one form that serves as a single referral document for all palliative and end of life care services. Clinicians continue to have a choice of referral methods, which continues to be collated by the Palliative Care Coordination Centre

To date there has been an overall 20% increase to date in referrals to the service since introduction of the new electronic referral form.

Improving holistic palliative care - enhancing the quality of family support

This project aimed to improve the family experience of end of life care by introducing a simple model of family assessment into multi-disciplinary meetings and equipping staff with the skills, knowledge and confidence to initiate conversations, involve and support families, children and young people proactively and appropriately.

Single nurse administration of controlled drugs - Inpatient Unit

A significant proportion of the working day for the Inpatient nursing team includes administration of controlled drugs (CDs) which are used extensively for symptom management in specialist palliative and end of life care. The aim of this priority is to enhance person-centred care releasing registered nurse time, generate increased autonomy, job satisfaction and efficient working patterns for the whole nursing team.

Feedback from the project to date has been extremely positive. Staff undertaking Single Nurse Administration of Controlled Drugs (SNACD) report that they feel empowered to work more efficiently and autonomously. Workstreams flow easier and are more cohesive. Staff feel their focus and attention is enhanced and they are more proactive about not being disturbed when preparing medicines, which is safer for both staff and patients

Page 6

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Strategic report (continued)

Achievements and performance (continued)

Raising the profile of equality and diversity across hospice service

St Barnabas Hospice Trust (Lincolnshire) is committed to ensuring all individuals facing the end of their life in Lincolnshire receive dignified, compassionate care when they require it and where they ask for it.

The Trust has embedded equality, diversity and inclusion (EDI) into its Governance structure and now reviews demographic information as part its quarterly Clinical Governance meetings. The aim is to improve knowledge and awareness of equality and diversity issues within the organisation.

People Development

The Trust continues to remain focused on the wellbeing of our staff and volunteers. During the year the Trust was ranked on the national b-Heard Best Companies list

Fundraising

As a result of the government’s national lockdown, the Trust was forced to cancel many of its fundraising events including the flagship annual Colour Dash Run in May 2020. In response, the fundraising team came up with innovative ways in which to engage with supporters and raise funds for the Trust. During 2020, 7,027 supporters donated to the Hospice for the first time.

Successful campaigns included:

Retail

The temporary closure of all 26 of our shops during the period of the lockdown left the Trust with no choice but to place most retail staff into the Government’s furlough scheme. The Trust received over £360,000 in support through the government’s Retail, Hospitality and Leisure grant scheme as well as benefitting from the generosity and support of the shop’s landlords through either reduced or frozen rental costs. We would like to thank our staff and retail landlords who helped us during this difficult time.

Page 7

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Strategic report (continued)

Achievements and performance (continued)

Trust Estate

During the year the Trust completed a major drainage capital infrastructure project at its Louth day centre that will alleviate historical flooding issues. The Trust also completed the design and plans for a new Wellbeing Centre in Boston. This project was initially delayed as a result of the lockdown; construction of the hub commenced in spring 2021 and is due to complete in autumn 2021.

Financial review

Financial position

Despite the impact of the pandemic, the Trust posted a surplus of £1.138m (2020: £0.677m deficit) at the end of the 2020/21 fiscal year. The surplus was caused by the bounce back of the Trust’s investment portfolio following the the previous year's fall in value as global equity markets reacted to the spread of the pandemic..

Excluding the gain on the investment portfolio, the Trust posted a surplus of £0.210m (2020: £0.118m surplus). Income from all sources amounted to £12.865m (2020: £12.827m) of which 61% (2020: 43%) was generated through NHS contracts, and 39% through fundraising, donation and investing activities. Expenditure for the same period was £12.655m (2020: £12.709m).

During the year, NHS England awarded funding to allow the hospice to make available bed capacity and comunity sipport from April 2020 to July 2020 to provide support to people with complex needs in the context of the COVID-19 situation and to provide bed capacity and community support from November 2020 to March 2021 for the same purpose. The total value of the support given amounted to £1,617,961. Without such support the hospice would have faced an operational deficit (i.e. excluding investment gains) of £1.408m.

Reserve Fund £
Fixed Asset Fund 3,332,681
Revaluation Reserve 1,101,914
Income Investment Fund 6,366,642
Revenue Reserve 3,023,804
Designated Funds
Louth Wellbeing 0
Grantham Wellbeing 100,000
Lincoln Wellbeing & Inpatient Unit 2,500,000
Restricted Funds
Boston Wellbeing 452,305
Other Restricted Funds 1,600,077
TOTAL 18,477,423

Page 8

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Performance of Subsidiaries

During the year St Barnabas Shops Ltd donated £0.197m (2020: £2.243m) to the Trust and St Barnabas Promotions Ltd donated £0.438m (2020: £0.694m) to the Trust.

3-year plan

The Trust has produced a three-year financial plan that forecasts a deficit of (£208k) in 2021/22, a surplus of £280k in 2022/23 and a surplus of £92k 2023/24.

Reserves Policy

Each year the Board of Trustees reviews the level of reserves required to cover key financial and operational risks faced by the Trust and to support the five-year clinical strategy. Given the large fixed infrastructure coupled with the current economic and political uncertainty in the local health sector, the Board of Trustees consider that it is necessary to adopt a prudent approach to reserves management by holding a combination of cash and short-term assets to fund at least six months’ running costs.

The general reserves are drawn from unrestricted funds, excluding funds designated for future capital projects, legally restricted funds, funds already invested in tangible fixed assets, and a designated investment fund that provides the Trust with an invaluable source of revenue income that supports the everyday running costs of the hospice. The Trust achieved the reserves objective in 2018/19 and plans to maintain this level of return in the medium term. St Barnabas has a phased plan for the use of these designated funds which may change at any time at the discretion of the Board based on the needs of the charity.

The consolidated accumulated funds at 31 March 2021 amounted to £18.477m (2020: £17.338m), of which restricted funds were £2.052 (2020: £2.127m). The current level of unrestricted reserves is £16.425m, of which £3.332m represents the fixed assets of the Charity, £2.6m is designated for future capital improvements of a new inpatient unit, investment fund of £6.366m, revaluation reserve of £1.101m and £3.024m in a general revenue reserve.

Investment policy and objectives

As part of its ongoing risk and reserves assessment the Charity has appointed Quilter Cheviot to provide discretionary investment management. At the end of the year the funds invested were valued at £7.770m (2020: £6.662m).

The board has an agreed statement of investment principles. The objective is to provide sufficient income to help support the Trust’s objectives whilst maintaining the real value of assets over the long term using a combination of equities, fixed income stocks, cash and alternative investments.

During the 2020/21 year the Trust earned £307,186 of income from its managed investment portfolio arising from dividends, interest received and realised gains from equity disposals.

In addition to the investment:

The trustees keep under review the diversification of the funds held by way of reserves.

Page 9

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management

Structure, Governance and Management

The Charity was created by trust deed as a registered charity (number 1053814) and is a company limited by guarantee (number 03166056). The charitable company is governed by its Memorandum and Articles of Association.

The charitable company is registered in the name of St Barnabas Hospice Trust (Lincolnshire). The Charity's principal and registered office address is 36 Nettleham Road, Lincoln, LN2 1RE.

The Trust is governed by a Board of trustees who meets at least six times a year to ensure the strategic leadership and governance of the Charity.

Trustee Recruitment

At the end of the fiscal year there were eight trustees serving on the Trust Board recruited through advertisement and/or personal recommendation. The membership of the Board is drawn from two main areas, clinical and business. We continue to recruit trustees from across the county to extend our local representation. Applicants with general life experience are encouraged to apply for trustee vacancies to ensure that services delivered by the Trust remain focused on the needs of the users of our services, namely patients and carers. At any one time the Board includes at least one trustee from the following professional backgrounds; Medical, Nursing, Legal and at least one trustee with experience of the management of finance and application of Information Technology (IT).

The Trust Board is supported in its role of strategic leadership by three committees; the Income Generation Committee, Resources Committee and Patient Care Committee. The committees were established to ensure effective performance and risk management of the Trust’s business. These committees review data and additional information that might affect the Trust’s strategic plan or indicate an increased risk to existing plans and services. .

Executive

The day to day management of the Trust is the responsibility of the Chief Executive and the Executive Team. The Executive Team is responsible for the implementation of the Trust’s business plan and, in this capacity, is responsible for budgetary control, production and implementation of operational policies, resources management and compliance with governance arrangements.

Key management remuneration

The Trust Board considers the performance of the Chief Executive and Executive Management Team through an annual appraisal. Executive remuneration is set annually by the Remuneration Committee which consists of the trustees.

Subsidiary Companies

The trust wholly owns two subsidiary companies; St Barnabas Shops Limited and St Barnabas Promotions Limited. The two companies were established to assist in the funding of the Charity with profits gift-aided annually. Both companies are limited companies and have their own board of directors, consisting of Trustees on the Charity’s Trust Board and the Chief Executive Officer.

Page 10

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management (continued)

Risk Management

The Trust Board acknowledges that it operates in a complex and ever-changing environment and is subject to a range of risks. During 2020/21 the Trust continued to operate under an integrated governance framework which supported the ongoing review of assessed risks. The Trust manages its principal risks and uncertainties through regular review of the Board Assurance Framework at Trust committee meetings, documenting the nature of each corporate risk and the action plan to address them.

Changes to the way healthcare services are commissioned and the development of the national sustainability and transformation plans has created an environment of greater uncertainty in the health sector, particularly to how services will be delivered and funded in the future. To mitigate against these risks the Trust has reviewed its services and produced a clinical strategy for the next five years and continued to invest in its fundraising department to maintain future income streams.

During 2020/21, the Trust operated a policy that at least 40% of free reserves would be held in short term liquid assets, including funds invested in the stock market by our appointed investment manager, Quilter Cheviot. The investment portfolio consists of a mix of bonds and gilts, domestic and overseas equities and property funds.

The Trust’s business plan reviews forecast income against likely expenditure, prioritises areas of future investment in line with key organisational objectives and identifies contingency plans to address risks associated with future income streams. Services commissioned by the NHS are managed through the Lincolnshire Clinical Commissioning group.

The Trust recognises that the ongoing investment in its IT infrastructure is of paramount importance both in terms of healthcare management of individual patients but also to enable deployment of efficient business management of services and resources. The Trust continues to invest in its IMT infrastructure in support of the stated strategic objectives through enabling more remote and mobile working to in-reach across the whole of the county. The IMT investment program will continue into 2021/2022 with the deployment of both clinical and non-clinical software systems to improve efficiency and help meet the demand of doing more with less resource.

Human Resources

Staff retention and recruitment remains a key risk to the organisation, potentially affecting the ability to ensure delivery of services to patients. To address this risk the Trust has an active recruitment policy, succession planning programs and a staff development framework.

During 2020/21 the Trust employed an average whole time equivalent (WTE) of 265 staff (2020: 278) comprising: patient-facing clinical staff: 144 (2020: 144), income generation staff (shops, lottery, fundraising): 77 (2020: 82), Administration and support staff (Executive Team, Human Resources, IT , Finance, Maintenance, Housekeeping, Catering, Governance, Training and Education): 44 (2020: 52).

Page 11

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management (continued)

Fundraising

All fundraising activity is undertaken by professional employed fundraisers who are supported by our team of volunteers. The Fundraising team project manage the process from start to finish with each fundraiser planning and executing activities in line with outlined budgets and targets. Governance of all fundraising activity is monitored through the separate Income Generation and Resources Committees that report to the overall Trust Board. All Committees comprise of Executives and Trustees. The team work closely with the National Association of Hospice Fundraisers. Currently this group is chaired by our own Trust managers.

In addition, all Fundraisers and managers within the Department up to Executive level are members of and subscribe to, activities and initiatives coordinated by the Institute of Fundraising. There have been no reported failings in complying with standards set for Fundraising Regulation and no complaints about our activities.

Events and initiatives are regularly undertaken in support of St Barnabas Hospice Trust (Lincolnshire) by members of the public. These are coordinated by our Community Fundraising team who oversee the activities’ development and execution. It is part of their role that each event is run in line with our own standards at all levels.

The Trust ensures all fundraising activity complies with the General Data Protection Regulations and all procedures relating to supporter care, including management of our database adhere to current regulation rules and frameworks. All personal information is handled appropriately and as a priority. There are mailing calendars in place to ensure that any direct marketing is managed appropriately. We are acutely aware of managing the process of contacting our supporters professionally.

At St Barnabas Hospice Trust (Lincolnshire) we are committed to creating a safe and rewarding environment for all our people to work and volunteer. There is a robust safeguarding policy to ensure everyone is treated properly, and a whistle blowing procedure to enable any concerns to be raised confidentially. The Trust has a zero-tolerance approach to breaches of our safeguarding policies and thoroughly investigate all alleged breaches. The policy, which aims to improve the knowledge and understanding of staff and volunteers, irrespective of their position, is regularly reviewed.

Some of our fundraising staff carry out roles that require them to work with people who are at higher risk of harm, including children and vulnerable adults. We carry out criminal record checks for people in these roles and offer comprehensive safeguarding training to senior managers in other relevant positions. To ensure we are continually maintaining the highest standards of safeguarding, we monitor guidance from Government, and the Charity Commission.

Page 12

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report including the strategic report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Charity and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Auditors

The auditors, Duncan & Toplis Limited, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees on 15 September 2021 and signed on their behalf by:

Mr A J M Maltby (Chair of Trustees)

Mrs A Legate (Treasurer)

Page 13

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

Opinion

We have audited the financial statements of St Barnabas Hospice Trust (Lincolnshire) (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 March 2021 which comprise the Consolidated statement of financial activities, the consolidated balance sheet, the charity balance sheet, the consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 14

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (CONTINUED)

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditors' report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report including the Strategic report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Page 15

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (CONTINUED)

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Page 16

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We have identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial experience, knowledge of the sector, a review of regulatory and legal correspondence and through discussions with Trustees and other management obtained as part of the work required by auditing standards. We have also discussed with the Trustees and other management the policies and procedures relating to compliance with laws and regulations. We communicated laws and regulations throughout the team and remained alert to any indications of non-compliance throughout the audit.

The potential impact of different laws and regulations varies considerably. The group is subject to laws and regulations that directly impact the financial statements and we have assessed the extent of compliance with such laws as part of our financial statements audit.

The group has specific laws and regulations to follow in relation to Health & Safety of both employees and patients and the Care Quality Commission for the care provided to their patients. The group provides regular internal training for employees on the procedures to follow and comply with the strict guidelines that are in place as well as being subject to external audits from the Care Quality Commission. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection. Through these procedures, if we became aware of any noncompliance, we considered the impact on the procedures performed on the related financial statement items.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. As with any audit, there is a greater risk of nondetection of irregularities as these may involve collusion, intentional omissions of the override of internal controls.

We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors' report.

Page 17

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (CONTINUED)

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Tara Bellamy FCA (senior statutory auditor)

for and on behalf of Duncan & Toplis Limited

Statutory Auditor 4 Henley Way

Doddington Road

Lincoln Lincolnshire LN6 3QR

Date: 17 September 2021

Page 18

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investment Income
7
Total income
Expenditure on:
Raising funds
8,9
Charitable activities
10
Total expenditure
Net income/(expenditure) before net
gains/(losses) on investments
Net gains/(losses) on investments
Net income/(expenditure) before
taxation
Taxation
Net income/(expenditure) after
taxation
Transfers between funds
21
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2021
£
1,784,748
6,175,466
2,406,559
283,755
10,650,528
2,617,043
7,788,423
10,405,466
245,062
928,897
1,173,959
80
1,174,039
39,783
1,213,822
15,211,218
1,213,822
16,425,040		 Restricted
funds
2021
£
99,043
1,950,842
164,798
-
2,214,683
293,289
1,956,552
2,249,841
(35,158)
-
(35,158)
-
(35,158)
(39,783)
(74,941)
2,127,323
(74,941)
2,052,382		 Total
funds
2021
£
1,883,791
8,126,308
2,571,357
283,755
12,865,211
2,910,332
9,744,975
12,655,307
209,904
928,897
1,138,801
80
1,138,881
-
1,138,881
17,338,540
1,138,881
18,477,422		 Total
funds
2020
£
3,384,289
5,483,612
3,656,205
303,006
12,827,112
3,692,660
9,016,456
12,709,116
117,996
(795,202)
(677,206)
68
(677,138)
-
(677,138)
18,015,678
(677,138)
17,338,540

The Consolidated statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 23 to 58 form part of these financial statements.

Page 19

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee) REGISTERED NUMBER: 03166056

CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2021

Note
Fixed assets
Tangible assets
14
Investments
16
Investment property
15
Current assets
Stocks
17
Debtors
18
Cash at bank and in hand
Creditors: amounts falling due within one
year
19
Net current assets
Total assets less current liabilities
Provisions for liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
21
Unrestricted funds
21
Total funds		 104,646
1,671,480
3,488,372
5,264,498
(1,544,249)		 2021
£
5,187,738
7,769,674
1,800,000
14,757,412
3,720,249
18,477,661
(237)
18,477,424
18,477,424
2,052,382
16,425,042
18,477,424		 130,900
2,095,580
2,167,475
4,393,955
(1,257,889)		 2020
£
5,540,510
6,662,283
2,000,000
14,202,793
3,136,066
17,338,859
(318)
17,338,541
17,338,541
2,127,323
15,211,218
17,338,541

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees on 15 September 2021_ and signed on their behalf by:

Mr A J M Maltby

Mrs A Legate (Treasurer)

The notes on pages 23 to 58 form part of these financial statements.

Page 20

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee) REGISTERED NUMBER: 03166056

CHARITY BALANCE SHEET AS AT 31 MARCH 2021

Note
Fixed assets
Tangible assets
14
Investments
16
Investment property
15
Current assets
Debtors
18
Cash at bank and in hand
Creditors: amounts falling due within one
year
19
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
21
Unrestricted funds
21
Total funds		 1,924,668
3,205,012
5,129,680
(1,414,931)		 2021
£
5,167,587
7,769,678
2,217,000
15,154,265
3,714,749
18,869,014
18,869,014
18,869,014
2,052,382
16,816,632
18,869,014		 2,421,250
1,836,034
4,257,284
(1,130,426)		 2020
£
5,519,935
6,662,287
2,417,000
14,599,222
3,126,858
17,726,080
17,726,080
17,726,080
2,127,323
15,598,757
17,726,080

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees on 15 September 2021__ and signed on their behalf by:

Mr A J M Maltby

Mrs A Legate (Treasurer)

The notes on pages 23 to 58 form part of these financial statements.

Page 21

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

Note
Cash flows from operating activities
Net cash used in operating activities
24
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Proceeds from sale of investments
Purchase of investments
Net cash used in investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
25
The notes on pages 23 to 58 form part of these financial statements		 2021
£
1,215,177
283,755
(176,480)
2,787,783
(2,901,920)
(6,862)
-
1,208,315
2,408,517
3,616,832		 2020
£
(171,478)
303,006
(850,335)
437,298
(317,240)
(427,271)
-
(598,749)
3,007,266
2,408,517

Page 22

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

St Barnabas Hospice Trust (Lincolnshire) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The consolidated statement of financial activities (SOFA) and consolidated balance sheet consolidate the financial statements of the Group and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The Group has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own statement of financial activities in these financial statements.

1.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Voluntary income is accounted for when received. Incoming resources represents the amount receivable during the year in respect of donations and legacies.

Legacies are recognised when there is sufficient evidence to provide the necessary certainty that the legacy will be received, and the legacy can be measured with sufficient reliability.

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by our investment advisor of the dividend yield of the investment portfolio.

Activities for generating funds, comprising principally fund raising events and trading/lottery income is recorded when receivable.

Activities furthering the charities objects. Income under health authority and NHS Lincolnshire contracts is recognised in the Statement of Financial Activities on a receivable basis.

Where income is received in advance of performance, its recognition is deferred and included in creditors until the contract is performed.

1.3 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is porbable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Page 23

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies (continued)

1.3 Expenditure (continued)

Expenditure is classified under the following activity headings:

(i) costs of generating funds include those costs incurred in raising voluntary income, fundraising trading/lottery costs and investment management costs.

(ii) hospice services expenditure relates to expenditure on objects and include direct costs and support costs associated to these activities.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

1.4 Allocation and apportionment of costs

Support costs are those functions that assist the work of the Charity but do not directly undertake charitable activites. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Trusts activities. These costs have been allocated to charitable activities. The basis on which support costs have been allocated is partly according to the costs directly incurred in those areas and partly on the basis of staff numbers directly employed.

1.5 Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

1.6 Tangible fixed assets and depreciation

Tangible fixed assets under the cost model are stated at histroical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and the conditions necessary for it to be capable of operating in the manner intended by management.

Individual fixed assets costing £500 or more are capitalised at cost.

Page 24

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies (continued)

1.6 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property - 20% on cost and 2% on cost Long-term leasehold property - 20% on cost and 2% on cost Motor vehicles - 25% on cost Fixtures and fittings - 10% on cost Shops' improvements and - 20% on cost fittings

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the consolidated statement of financial activities.

1.7 Investment property

Investment properties are carried at open market value and no depreciation is provided. The trustees consider that this accounting policy results in the financial statements giving a true and fiar view. Unrealised surpluses or deficits arising on revaluation of investment properties are shown in the Statement of Financial Activites.

1.8 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Statement of Financial Position date, using the closing quoted market price. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year.

The Charity does no acquire put options, derivatives or other complex financial instruments.

The main form of financial risk faced by the Charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.

Short term deposits represent investments in bank term deposits maturing within one year. Investments in subsidiary companies are stated at cost.

Page 25

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies (continued)

1.9 Realised gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

1.10 Stocks

Stocks are stated at the lower of cost and net realisable value. Cost is determined on a first-in firstout basis, and includes all direct costs incurred. Net realisable value is based on an estimated selling price allowing for all further costs of disposal.

1.11 Cash and cash equivalents

Cash and cash equivalents include cash at bank and cash in hand as well as short term highly liquid investments with a short maturity (recognised within short term investments).

1.12 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.13 Operating leases

Rentals paid under operating leases are charged to the consolidated statement of financial activities on a straight line basis over the lease term.

1.14 Pension costs and other post-retirement benefits

The Trust makes payments to two defined contribution pension schemes on behalf of qualifying employees. One administered by the NHS Pensions Agency and a stakeholder scheme providing benefits for the employees additional to those from the state. Such contributions are charged in the Statement of Financial Activities when made. The contributions are invested separately from the Trust's assets.

1.15 Fund accounting

Unrestricted funds (revenue reserves) can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 26

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies (continued)

1.16 Volunteer contributions

Honorary officers, trustees and volunteers provide support to St Barnabas Hospice Trust (Lincolnshire). It is not practical nor feasible to place a value on the time volunteered by these persons.

2. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

In preparing these financial statements, the directors have made the following judgements:

(i) Determine whether leases entered into by the group either as a lessor or a lessee are an operating lease or finance lease. These decisions depend on assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

Other key sources of estimation uncertainty:

(ii) Tangible fixed assets, other than investment properties, are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

3. Income from donations and legacies

Unrestricted
funds
2021
£
Donations, covenants and tributes
1,350,975
Legacies and bequests
433,773
1,784,748		 Restricted
funds
2021
£
99,043
-
99,043		 Total
funds
2021
£
1,450,018
433,773
1,883,791

Page 27

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

3. Income from donations and legacies (continued)

Donations, covenants and tributes
Legacies and bequests		 Unrestricted
funds
2020
£
1,870,724
1,446,086
3,316,810		 Restricted
funds
2020
£
63,876
3,603
67,479		 Total
funds
2020
£
1,934,600
1,449,689
3,384,289

4. Income from charitable activities

Unrestricted
funds
2021
£
Income from charitable activities - Inpatient Unit & Acute
Hospital Support
2,669,302
Income from charitable activities - Community Care
2,633,573
Income from charitable activities - Supportive Care
456,702
Government grants received
415,889
Total 2021
6,175,466		 Restricted
funds
2021
£
-
-
332,881
1,617,961
1,950,842		 Total
funds
2021
£
2,669,302
2,633,573
789,583
2,033,850
8,126,308
Income from charitable activities - Inpatient Unit & Acute
Hospital Support
Income from charitable activities - Community Care
Income from charitable activities - Supportive Care
Total 2020		 Unrestricted
funds
2020
£
2,506,162
2,474,560
276,699
5,257,421		 Restricted
funds
2020
£
9,568
6,264
210,359
226,191		 Total
funds
2020
£
2,515,730
2,480,824
487,058
5,483,612

Page 28

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

5. Income from other trading activities

Income from non charitable trading activities

Unrestricted
funds
2021
£
Other income
549,353
Fundraising events
108,560
Trading income
1,000,907
Lottery income
747,739
2,406,559
Unrestricted
funds
2020
£
Other income
518,845
Fundraising events
87,542
Trading income
2,282,554
Lottery income
693,839
3,582,780		 Restricted
funds
2021
£
164,798
-
-
-
164,798
Restricted
funds
2020
£
73,425
-
-
-
73,425		 Total
funds
2021
£
714,151
108,560
1,000,907
747,739
2,571,357
Total
funds
2020
£
592,270
87,542
2,282,554
693,839
3,656,205

Page 29

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6. Income from charitable activites by category

Health
Authority
and NHS
Lincolnshir
e contracts
2021
Other
charges and
contribution
s
2021
£
£
Inpatient Units & Acute Hospital Support
2,669,302
-
Community Care
2,633,573
-
Supportive Care
335,437
243,709
Government (Covid) Grants
-
1,617,961
5,638,312
1,861,670
Health
Authority and
NHS
Lincolnshire
contracts
Other
charges and
contributions
£
£
Inpatient Units & Acute Hospital Support
2,506,162
9,568
Community Care
2,474,560
6,264
Supportive Care
276,699
129,679
5,257,421
145,511		 Grants
received
2021
£
-
-
210,437
415,889
626,326
Other grants
received
£
-
-
80,679
80,679		 Total
funds
2021
£
2,669,302
2,633,573
789,583
2,033,850
8,126,308
Total
funds
£
2,515,730
2,480,824
487,057
5,483,611

7. Investment income

Unrestricted
funds
2021
£
Dividends and other income from investment portfolio
224,507
Bank interest receivable and similar income
59,248
283,755		 Total
funds
2021
£
224,507
59,248
283,755

Page 30

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

7. Investment income (continued)

Dividends and other income from investment portfolio
Bank interest receivable and similar income		 Unrestricted
funds
2020
£
234,400
68,606
303,006		 Total
funds
2020
£
234,400
68,606
303,006

8. Expenditure on raising funds

Costs of raising voluntary income

Unrestricted
funds
2021
£
Direct other costs
180,983
Allocated support costs
159,157
Direct staff costs
363,982
704,122		 Restricted
funds
2021
£
75,845
61,737
-
137,582		 Total
funds
2021
£
256,828
220,894
363,982
841,704

Page 31

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8. Expenditure on raising funds (continued)

Costs of raising voluntary income (continued)

Direct other costs
Allocated support costs
Direct staff costs		 Unrestricted
funds
2020
£
325,638
311,708
491,371
1,128,717		 Total
funds
2020
£
325,638
311,708
491,371
1,128,717

Fundraising trading expenses

Unrestricted
funds
2021
£
Direct other costs including costs of goods sold and lottery
prizes
694,225
Direct staff costs
1,200,352
1,894,577		 Restricted
funds
2021
£
155,707
-
155,707		 Total
funds
2021
£
849,932
1,200,352
2,050,284

Page 32

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8. Expenditure on raising funds (continued)

Fundraising trading expenses (continued)

Unrestricted
funds
2020
£
Direct other costs including cost of goods sold and lottery prizes
1,178,564
Direct staff costs
1,366,178
2,544,742
Other trading expenses
Unrestricted
funds
2021
£
Depreciation of fixture and fittings
423		 Total
funds
2020
£
1,178,564
1,366,178
2,544,742
Total
funds
2021
£
423

Page 33

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8. Expenditure on raising funds (continued) Other trading expenses (continued)

Unrestricted
funds
2020
£
Depreciation of fixtures and fittings
597
9.
Investment management costs
Unrestricted
funds
2021
£
Investment management costs
17,921
Unrestricted
funds
2020
£
Investment management costs
18,604		 Total
funds
2020
£
597
Total
funds
2021
£
17,921
Total
funds
2020
£
18,604

10. Analysis of expenditure on charitable activities Summary by fund type

Unrestricted
funds
2021
£
Inpatient Unit & Acute Hospital Support
2,826,188
Community Care
3,439,923
Supportive Care
1,522,312
7,788,423		 Restricted
funds
2021
£
1,058,364
898,188
-
1,956,552		 Total
funds
2021
£
3,884,552
4,338,111
1,522,312
9,744,975

Page 34

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

10. Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)

Inpatient Unit & Acute Hospital Support
Community Care
Supportive Care		 Unrestricted
funds
2020
£
3,116,232
4,252,398
1,229,524
8,598,154		 Restricted
funds
2020
£
378,434
17,969
21,899
418,302		 Total
funds
2020
£
3,494,666
4,270,367
1,251,423
9,016,456

11. Analysis of expenditure by activities

Inpatient Unit & Acute Hospital Support
Community Care
Supportive Care		 Activities
undertaken
directly
2021
£
3,609,946
3,546,935
1,243,256
8,400,137		 Support
costs
2021
£
274,606
791,176
279,056
1,344,838		 Total
funds
2021
£
3,884,552
4,338,111
1,522,312
9,744,975
Inpatient Unit & Acute Hospital Support
Community Care
Supportive Care		 Activities
undertaken
directly
2020
£
3,233,362
3,556,366
995,829
7,785,557		 Support
costs
2020
£
261,305
714,000
255,594
1,230,899		 Total
funds
2020
£
3,494,667
4,270,366
1,251,423
9,016,456

Page 35

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

11. Analysis of expenditure by activities (continued)

12. Staff costs

Group
Group
Charity
2021
2020
2021
£
£
£
Wages and salaries
8,049,065
7,945,294
6,848,713
Social security costs
466,314
438,892
466,314
Contribution to defined contribution pension
schemes
526,966
479,352
526,966
9,042,345
8,863,538
7,841,993
The average number of persons employed by the Charity during the year was as follows:
Group
Group
Charity
2021
2020
2021
No.
No.
No.
Nursing and care services
144
148
144
Fund raising and publicity
81
90
11
Administration
17
20
16
Management
5
6
4
Support services
19
26
18
266
290
193		 Charity
2020
£
6,579,116
438,892
479,352
7,497,360
Charity
2020
No.
148
17
18
4
24
211

Page 36

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

12. Staff costs (continued)

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

Group Group
2021 2020
No. No.
In the band £60,001 - £70,000 3 1
In the band £70,001 - £80,000 - 1
In the band £80,001 - £90,000 1 1

Retirement benefits were accruing under the NHS defined benefit pension scheme to the members of staff in question in both years.

The Trust had 340 (1,000: 2019-2020) volunteers working for it during 2020-21. The amount of hours worked by them ranges from those who give a few hours of time for special tasks and events right up to volunteers who cover daily duties. They work across all areas of the Trust.

The Trust considers its key management personnel to comprise the chief executive and the senior management team. The total employee benefits including employer pension contributions of the 4 (2020 - 4) key management personnel were £365,457 (2020 - £351,657).

13. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year ended 31 March 2021, expenses totalling £ NIL were reimbursed or paid directly to Trustee (2020 - £87 to Trustee) .

Page 37

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14.
Tangible fixed assets
Group
Cost or valuation
At 1 April 2020
Additions
Disposals
Transfers between classes
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
On disposals
At 31 March 2021		 Freehold
property
£
6,619,817
145,418
(70,159)
(54,581)
6,640,495
2,195,139
139,330
(22,941)
2,311,528		 Long-term
leasehold
property
£
1,596,568
-
(4,491)
-
1,592,077
1,156,683
404
(2,236)
1,154,851		 Motor
vehicles
£
32,598
-
-
-
32,598
32,598
-
-
32,598		 Fixtures and
fittings
Assets in
progress of
construction
£
£
1,481,761
90,782
31,062
-
(202,930)
-
-
-
1,309,893
90,782
1,053,570
-
182,781
-
(169,787)
-
1,066,564
-		 Shops'
improvemen
ts and
fittings
£
847,457
-
(77,777)
-
769,680
690,484
63,976
(72,214)
682,246		 Total
£
10,668,983
176,480
(355,357)
(54,581)
10,435,525
5,128,474
386,491
(267,178)
5,247,787

Page 38

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14. Tangible fixed assets (continued)

Group (continued)

Net book value
At 31 March 2021
At 31 March 2020		 Freehold
property
£
4,328,967
4,424,678		 Long-term
leasehold
property
£
437,226
439,885		 Motor
vehicles
£
-
-		 Fixtures and
fittings
Assets in
progress of
construction
£
£
243,329
90,782
428,192
90,782		 Shops'
improvemen
ts and
fittings
£
87,434
156,973		 Total
£
5,187,738
5,540,510

The net book value of freehold land and buildings includes £1,644,120 (2020 - £1,644,120) in respect of restricted fund assets (note 23).

Capital commitments at 31 March 2021 amounted to £nil (2020 - £nil).

Page 39

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14. Tangible fixed assets (continued)

Charity

Cost or valuation
At 1 April 2020
Additions
Disposals
Transfers between classes
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
On disposals
At 31 March 2021		 Freehold
property
£
6,576,562
145,418
(70,159)
(54,581)
6,597,240
2,195,139
139,330
(22,941)
2,311,528		 Long-term
leasehold
property
£
1,605,047
-
(4,491)
-
1,600,556
1,140,810
404
(2,236)
1,138,978		 Motor
vehicles
£
28,917
-
-
-
28,917
28,917
-
-
28,917		 Fixtures and
fittings
Assets in
progress of
construction
£
£
1,447,092
90,782
31,062
-
(202,930)
-
-
-
1,275,224
90,782
1,020,572
-
182,358
-
(169,787)
-
1,033,143
-		 Shop's
improvemen
ts and
fittings
£
847,457
-
(77,777)
-
769,680
690,484
63,976
(72,214)
682,246		 Total
£
10,595,857
176,480
(355,357)
(54,581)
10,362,399
5,075,922
386,068
(267,178)
5,194,812

Page 40

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14. Tangible fixed assets (continued)

Charity (continued)

Net book value
At 31 March 2021
At 31 March 2020		 Freehold
property
£
4,285,712
4,381,423		 Long-term
leasehold
property
£
461,578
464,237		 Motor
vehicles
£
-
-		 Fixtures and
fittings
Assets in
progress of
construction
£
£
242,081
90,782
426,520
90,782		 Shop's
improvemen
ts and
fittings
£
87,434
156,973		 Total
£
5,167,587
5,519,935

The net book value of freehold land and buildings includes £1,855,056 (2020 - £1,644,120) in respect of restricted fund assets (note 23).

Capital commitments at 31 March 2021 amounted to £nil (2020 - £nil).

Page 41

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

15.
Investment property
Group
Valuation
At 1 April 2020
Surplus on revaluation
At 31 March 2021
Charity
Valuation
At 1 April 2020
Surplus on revaluation
At 31 March 2021		 Freehold
investment
property
£
2,000,000
(200,000)
1,800,000
Freehold
investment
property
£
2,417,000
(200,000)
2,217,000

Investment properties are stated at open market values as at March 2017 as prepared by Banks, Long & Co. The surveyor who valued the portfolio is a member of the Royal Institute of Chartered Surveyors. If the land and buildings had not been revalued, they would have been stated at their cost of £2,037,951 (2020 - £2,037,951) for the charity. All of this property is owned by the registered charity and therefore has no liability to corporation tax on income and capital that is applied for charitable purposes. The trustees consider there have been no changes in the open market value of investment properties during the year.

Page 42

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

16. Fixed asset investments

Group
Cost or valuation
At 1 April 2020
Additions
Disposals
Revaluations
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Listed
investments
£
6,525,969
2,885,709
(2,787,783)
1,017,322
7,641,217
7,641,217
6,525,969		 Cash held
as part of
the
investment
portfolio
£
245,301
2,787,783
(2,904,627)
-
128,457
128,457
245,301		 Total
£
6,771,270
5,673,492
(5,692,410)
1,017,322
7,769,674
7,769,674
6,771,270

Page 43

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

16. Fixed asset investments (continued)

There were no investment assets outside the UK.

2021 2020
£
 £
Cost of listed investments at 31 March 2021 6,238,185 6,115,819

The listed investments are quoted on a recognised investment exchange. The portfolio of investments includes a range of fixed interest and equity holdings.

All investments are carried at their fair value. Investment in equities and fixed interest securities are all traded in quoted public markets. Holdings in common investment funds, unit trusts and open-ended investment companies are at the bid price. The basis of fair value for quoted investments is equivalent to the market value, using the bid price. Asset sales and purchases are recognised at the date of trade at cost (that is their transaction value).

The significance of financial instruments to the ongoing financial sustainability of the Hospice is considered in the financial review and investment policy and performance sections of the Trustees' Annual Report. The main risk to the Hospice from financial instruments lies in the combination of uncertain investment markets and volatility in yield.

Liquidity risk is anticipated to be low as all assets are traded and the commitment to intervention by central banks and market regulators has continued to provide for orderly trading in the markets and so their ability to buy and sell quoted equities and stock is anticipated to continue. The Hospice's investments are mainly traded in markets with good liquidity and high trading volumes.

The Hospice has no material investment holdings in markets subject to exchange controls or trading restrictions. The Hospice does not make use of derivatives and similar complex financial instruments as it takes the view that investments are held for their longer term yield total return and historic studies of quoted financial instruments have shown that volatility in any particular 5 year period will normally be corrected.

Page 44

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

16. Fixed asset investments (continued)

Charity
Cost or valuation
At 1 April 2020
Additions
Disposals
Revaluations
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Investments
in
subsidiary
companies
£
4
-
-
-
4
4
4		 Listed
investments
£
6,525,969
2,885,709
(2,787,783)
1,017,322
7,641,217
7,641,217
6,525,969		 Cash held
as part of
the
investment
portfolio
£
245,301
2,787,783
(2,904,627)
-
128,457
128,457
245,301		 Total
£
6,771,274
5,673,492
(5,692,410)
1,017,322
7,769,678
7,769,678
6,771,274

Page 45

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

16. Fixed asset investments (continued)

Principal subsidiaries

The following were subsidiary undertakings of the Charity:

Names Registered office or principal Principal activity Class of Holding Included in
place of business shares consolidation
St Barnabas 12 Cardinal Close, Charity shop Ordinary 100% Yes
Shops Limited Lincoln LN2 4SY
St Barnabas 12 Cardinal Close, Lottery Ordinary 100% Yes
Promotions Limited Lincoln LN2 4SY

The financial results of the subsidiaries for the year were:

Names Profit/(Loss Net assets
)/ Surplus/ £
(Deficit) for
the year
£
St Barnabas 66,709 2,854
Shops Limited
St Barnabas 437,953 3,658
Promotions Limited

Both these companies donate substantially all profits to the St Barnabas Hospice Trust (Lincolnshire) under the Gift Aid Scheme.

Page 46

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

17. Stocks

Group Group
2021 2020
£ £
Finished goods and goods for resale 104,646 130,900

18. Debtors

Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
Tax recoverable		 Group
2021
£
1,020
-
332,165
1,311,765
26,530
1,671,480		 Group
2020
£
845
-
68,342
2,016,842
9,551
2,095,580		 Charity
2021
£
-
412,492
332,165
1,153,481
26,530
1,924,668		 Charity
2020
£
-
369,844
68,342
1,973,513
9,551
2,421,250

19. Creditors: Amounts falling due within one year

Payments received on account
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 Group
2021
£
74,721
421,696
89,463
70,811
887,558
1,544,249		 Group
2020
£
75,792
144,238
55,980
67,937
913,942
1,257,889		 Charity
2021
£
-
413,637
70,124
70,259
860,911
1,414,931		 Charity
2020
£
-
141,944
49,824
67,886
870,772
1,130,426

Page 47

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

19. Creditors: Amounts falling due within one year (continued)

DEFERRED INCOME
Deferred income at 1 April 2020
Resources deferred during the year
Amounts released from previous periods		 Group
2021
£
Group
2021
£
357,939
551,696
(357,939)
551,696		 Group
2020
£
Group
2020
£
442,108
357,939
(442,108)
357,939		 Charity
2021
£
Charity
2021
£
282,147
476,975
(282,147)
476,975		 Charity
2020
£
Charity
2020
£
359,982
282,147
(359,982)
282,147

Deferred income relates to funding that has been recieved in advance for future periods and lottery income recieved for future draws.

20. Deferred taxation

Group
At the beginning of the year
Charge for the year		 2021
£
237
-
237

The deferred tax balance is made up as follows:

Accelerated capital allowances Group
2021
£
(237)
(237)		 Group
2020
£
(318)
(318)

Page 48

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

21. Statement of funds

Statement of funds - current year

Balance at 1
April 2020
£
Unrestricted funds
Designated funds
Louth Wellbeing
350,000
Grantham Wellbeing
100,000
Inpatient Unit
1,000,000
Lincoln Wellbeing
500,000
1,950,000
General funds
Fixed Asset Fund
3,896,390
Revenue Reserves
1,947,095
Revaluation Reserves
1,301,914
Investment Reserve
6,115,819
13,261,218		 Income
£
-
-
-
-
-
-
10,650,529
-
-
10,650,529		 Expenditure
£
(233,028)
-
-
-
(233,028)
(474,672)
(9,497,765)
(200,000)
-
(10,172,437)		 Taxation
£
-
-
-
-
-
-
80
-
-
80		 Transfers
in/out
£
(116,972)
-
1,000,000
-
883,028
(89,037)
(76,133)
-
(678,075)
(843,245)		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
928,897
928,897		 Balance at
31 March
2021
£
-
100,000
2,000,000
500,000
2,600,000
3,332,681
3,023,806
1,101,914
6,366,641
13,825,042

Page 49

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

21. Statement of funds (continued)

Statement of funds - current year (continued)

Balance at 1
April 2020
£
Total Unrestricted funds
15,211,218
Restricted funds
Other restricted funds
1,667,247
Boston Wellbeing
460,076
2,127,323
Total of funds
17,338,541		 Income
£
10,650,529
2,214,683
-
2,214,683
12,865,212		 Expenditure
£
(10,405,465)
(2,244,015)
(5,826)
(2,249,841)
(12,655,306)		 Taxation
£
80
-
-
-
80		 Transfers
in/out
£
39,783
(37,838)
(1,945)
(39,783)
-		 Gains/
(Losses)
£
928,897
-
-
-
928,897		 Balance at
31 March
2021
£
16,425,042
1,600,077
452,305
2,052,382
18,477,424

Page 50

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

21. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Louth Wellbeing
Grantham Wellbeing
Inpatient Unit
Lincoln Wellbeing
General funds
Fixed Asset Fund
Revenue Reserves
Revaluation Reserves
Investment Reserve		 Balance at
1 April 2019
£
350,000
100,000
1,000,000
500,000
1,950,000
3,800,091
1,855,293
1,301,914
6,929,850
13,887,148		 in funds
£
-
-
-
-
-
-
12,460,018
-
-
12,460,018		 Expenditure
£
-
-
-
-
-
(526,848)
(11,763,966)
-
-
(12,290,814)		 Taxation
£
-
-
-
-
-
-
68
-
-
68		 between
funds
£
-
-
-
-
-
623,147
(604,318)
-
(18,829)
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
(795,202)
(795,202)		 Balance at
31 March
2020
£
350,000
100,000
1,000,000
500,000
1,950,000
3,896,390
1,947,095
1,301,914
6,115,819
13,261,218

Page 51

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

21. Statement of funds (continued) Statement of funds - prior year (continued)

Total Unrestricted funds
Restricted funds
Other restricted funds
Boston Wellbeing
Total of funds		 Balance at
1 April 2019
£
15,837,148
1,738,454
440,076
2,178,530
18,015,678		 in funds
£
12,460,018
367,095
-
367,095
12,827,113		 Expenditure
£
(12,290,814)
(418,302)
-
(418,302)
(12,709,116)		 Taxation
£
68
-
-
-
68		 between
funds
£
-
(20,000)
20,000
-
-		 Gains/
(Losses)
£
(795,202)
-
-
-
(795,202)		 Balance at
31 March
2020
£
15,211,218
1,667,247
460,076
2,127,323
17,338,541

Page 52

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

22. Summary of funds

Summary of funds - current year

Balance at 1
April 2020
£
Designated funds
1,950,000
General funds
13,261,218
Restricted funds
2,127,323
17,338,541
Summary of funds - prior year
Balance at
1 April 2019
£
Designated funds
1,950,000
General funds
13,887,148
Restricted funds
2,178,530
18,015,678		 Income
£
-
10,650,529
2,214,683
12,865,212
in funds
£
-
12,460,018
367,095
12,827,113		 Expenditure
£
(233,028)
(10,172,437)
(2,249,841)
(12,655,306)
Expenditure
£
-
(12,290,814)
(418,302)
(12,709,116)		 Taxation
£
-
80
-
80
Taxation
£
-
68
-
68		 Transfers
in/out
£
883,028
(843,245)
(39,783)
-
Transfers
in/out
£
-
-
-
-		 Gains/
(Losses)
£
-
928,897
-
928,897
Gains/
(Losses)
£
-
(795,202)
-
(795,202)		 Balance at
31 March
2021
£
2,600,000
13,825,042
2,052,382
18,477,424
Balance at
31 March
2020
£
1,950,000
13,261,218
2,127,323
17,338,541

Page 53

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

23. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2021
£
Tangible fixed assets
3,332,682
Fixed asset investments
7,769,674
Investment property
1,800,000
Current assets
5,067,172
Creditors due within one year
(1,544,249)
Provisions for liabilities and charges
(237)
Total
16,425,042
Analysis of net assets between funds - prior year
Unrestricted
funds
2020
£
Tangible fixed assets
3,896,390
Fixed asset investments
6,662,283
Investment property
2,000,000
Current assets
3,910,752
Creditors due within one year
(1,257,889)
Provisions for liabilities and charges
(318)
Total
15,211,218		 Restricted
funds
2021
£
1,855,056
-
-
197,326
-
-
2,052,382
Restricted
funds
2020
£
1,644,120
-
-
483,203
-
-
2,127,323		 Total
funds
2021
£
5,187,738
7,769,674
1,800,000
5,264,498
(1,544,249)
(237)
18,477,424
Total
funds
2020
£
5,540,510
6,662,283
2,000,000
4,393,955
(1,257,889)
(318)
17,338,541

Page 54

(A company limited by guarantee)

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Charity

Unrestricted
funds
2021
£
Analysis of net assets between funds - current period
Tangible fixed assets
3,312,530
Fixed asset investments
7,769,678
Investment property
2,217,000
Current assets
4,932,354
Creditors due within one year
(1,414,931)
16,816,631
Unrestricted
funds
2020
£
Analysis of net assets between funds - prior period
Tangible fixed assets
3,875,816
Fixed asset investments
6,662,287
Investment property
2,417,000
Current assets
3,774,078
Creditors due within one year
(1,130,425)
15,598,756		 Restricted
funds
2021
£
1,855,056
-
-
197,327
-
2,052,383
Restricted
funds
2020
£
1,644,120
-
-
483,203
-
2,127,323		 Total
funds
2021
£
5,167,586
7,769,678
2,217,000
5,129,681
(1,414,931)
18,869,014
Total
funds
2020
£
5,519,936
6,662,287
2,417,000
4,257,281
(1,130,425)
17,726,079

Page 55

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

The Trustees of St Barnabas Hospice Trust (Lincolnshire) are committed to supporting the development of a comprehensive network of local palliative and end of life services throughout Lincolnshire so that they are provided close to patient's homes.

It is our ambition that these services will be enhanced and facilitated by the on-going development of our innovative, dependable and effective Specialist Palliative Medicine teams who together will provide tertiary support to clinical teams across our whole health and social care community. In line with the strategic plan, the trustees have reviewed the designation of funds. During the course of the next three years, the Trust intends to commence a programme of property development projects to upgrade the quality of its estate across the county to improve the patient experience. The estate development will be funded by utilising a combination of funds currently held Trust investments and launching a public capital appeal. The Trust has set aside a specific Designated Fund for this purpose.

The trustees recognise that dividend and interest income earned from the Trust investment portfolio provides an invaluable source of ongoing income and have set aside an Investment Income Reserve to maintain this income flow for future years.

The Trust will continue to maintain a policy of holding a reserve of six months running costs and as previously agreed, surplus funds will be invested in the development fund to continue to support local service provision and the establishment of the Estate.

The fixed assets of the charity have been separated out into a Fixed Asset Fund totalling £3.312 million (2020 - £3.875 million) which includes the land purchased for the Estate.

Unrealised gains on fixed asset investments included in unrestricted funds are as follows:

2021
 2020
£ £
Unrealised gains at 1 April 2020
 306,712 1,101,914
Amounts realised through investment disposal in year 23,650 3,430
Net gain / (loss) arising on revaluation in year
 905,247 (798,632)
Transfer - -
_ __
Unrealised gains at 31 March 2021
 1,235,609 306,712
_ __

The revaluation reserve in the Charity Statement of Financial Position also includes the loss on investment properties of £200,000 (2020 - £379,048), resulting in the revaluation reserve totalling £1,280,962 (2020 - £1,480,962).

Page 56

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

24. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the year (as per Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Gains/(losses) on investments
Dividends, interests and rents from investments
Loss on the sale of fixed assets
Decrease/(increase) in stocks
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Deferred tax
Net cash provided by/(used in) operating activities
25.
Analysis of cash and cash equivalents
Cash in hand
Investment income
Total cash and cash equivalents
26.
Analysis of changes in net debt
At 1 April
2020
£
Cash at bank and in hand
2,167,475
Investment income
241,042
2,408,517		 Group
2021
£
1,138,881
386,491
(928,897)
(283,286)
86,960
104,646
424,100
286,362
(80)
1,215,177
Group
2021
£
3,488,375
128,457
3,616,832
Cash flows
£
1,320,897
(112,585)
1,208,312		 Group
2020
£
(677,138)
543,733
788,673
(303,006)
264,765
(415)
(740,236)
(47,786)
(68)
(171,478)
Group
2020
£
2,167,475
241,042
2,408,517
At 31 March
2021
£
3,488,372
128,457
3,616,829

Page 57

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

27. Operating lease commitments

At 31 March 2021 the Group and the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 Group
2021
£
326,350
358,545
684,895		 Group
2020
£
288,470
519,646
808,116		 Charity
2021
£
298,515
358,545
657,060		 Charity
2020
£
278,305
519,646
797,951

28. Related party transactions

Indemnity insurance has been purchased on behalf of the Trustees at a cost of £702 (2020 - £702) for the year.

During the year the charitable company made purchases from J.W. Ruddock & Sons Limited, a company in which Mr P Banton, Trustee, is a director. The total purchases made during the year were £13,183 (2020 - £44,552) and at the year end an amount of £5,230 (2020 - £6,624) was outstanding.

During the year the charitable company made purchases from Lindum Sports Association Limited, a company in which Mr A Maltby, Trustee, is a director. The total purchases made during the year were £Nil (2020 - £3,450) and at the year end an amount of £Nil (2020 - £Nil) was outstanding.

Page 58

Registered number: 03166056 Charity number: 1053814

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 13
Independent auditors' report on the financial statements 14 - 18
Consolidated statement of financial activities 19
Consolidated balance sheet 20
Charity balance sheet 21
Consolidated statement of cash flows 22
Notes to the financial statements 23 - 58

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021

Mr A J M Maltby, Chairman Mr P J Banton, Trustee Dr D A R Boldy, Trustee Mr S J Elkington, Trustee Mr A G Henderson, Trustee (resigned 8 December 2020) Mrs S Knight, Trustee Mrs A Legate, Treasurer Mr D Libiszewski, Trustee Mr J H Wadsworth, Trustee (appointed 17 June 2021) Mrs H Jackson, Trustee (appointed 17 June 2021)

Company registered
number 03166056
Charity registered
number 1053814
Registered office 36 Nettleham Road
Lincoln
Lincolnshire
LN2 1RE
Company secretary A J M Maltby
Chief executive officer Mr Chris Wheway
Independent auditors Duncan & Toplis Limited
Statutory Auditor
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR
Bankers National Westminster Bank plc
225 High Street
Lincoln
LN2 1AZ
Solicitors Chattertons Solicitors
1 Flavian Road
Nettleham Road
Lincoln
Lincolnshire
LN2 4GR
Investment Managers Quilter Cheviot
St Helen's
1 Undershaft
London
EC3A 8BB

Page 1

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Trustees present their annual report together with the audited financial statements of the Charity for the 1 April 2020 to 31 March 2021. The annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

I am very pleased to share with you the Annual Trustee report for 2020/2021. This last fiscal year, without doubt, has been unprecedented within the history of St Barnabas Hospice Trust (Lincolnshire). I am proud to report that with outstanding commitment and with no detriment to the delivery of care, our dedicated staff and volunteers have risen to the many challenges that would not have been foreseen at the outset of the year.

As Chairman, my role is to ensure that the Board of Trustees have all the necessary information available to provide them with confidence that the Executive team can deliver on our strategic objectives.

We are all fully satisfied with the transparency and inclusivity of the breadth of reporting to Trustees. This provides the Board with the knowledge and evidence that this is a well led and outstanding organisation that firmly has the interests of patients, families, the public and staff as a priority.

The success of the work we do is firmly reflected in the ability of the hospice to respond to the challenges that have been presented to us and the commitment to evolve and innovate. I firmly believe that the hospice has successfully navigated through this pandemic to continue deliver outstanding care through the work of all our of staff at the hospice and through the collaborative working and partnerships with other healthcare providers across the County.

The breadth and scope of the priorities we have committed continues to evolve so that hospice care is accessible to more people in Lincolnshire, a firm commitment of St Barnabas Hospice Trust (Lincolnshire). Our commitment to continue to deliver outstanding care in these unprecedented times is unwavering. On behalf of the Board, I would like to extend our utmost gratitude to everyone who has supported us through these challenging times and period of uncertainty.

The Quality of our services has not been negatively impacted by the new ways of working that we have been required to adopt. This has been achieved by the dedication and commitment of all our staff and volunteers to ensure that the service levels were maintained. Furthermore, the support from the people of Lincolnshire has been outstanding and coupled with the commitment of the local Clinical Commissioning Group and the NHS, we together have continued to promote the development of palliative and end of life care for the community. During the year, St Barnabas Hopsice Trust (Lincolnshire) has been able to fund the comprehensive service provision and achieve the objective of having reserves of six months running costs.

Page 2

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Objectives and activities

Objectives and aims

Our Vision, Mission and Values provide the foundation of our organisational strategy, direction and guidance in delivering our goals. They were developed by and belong to our most important asset, our people and define our aspirations, purpose and the core beliefs.

Our Vision is a world where dying with dignity, compassion and having choices is a fundamental part of life.

Our Mission is to ensure all individuals facing the end of their life in Lincolnshire receive dignified, compassionate care when they require it and where they ask for it.

Our Values

To achieve this vision, St Barnabas Hospice Trust (Lincolnshire) operates as a partner and as an integral member of the health and social care community. Through the development of partnerships with colleagues in other agencies and establishing networks both locally and nationally we seek to enhance the development of services throughout Lincolnshire.

Public benefit

Services provided by St Barnabas Hospice Trust (Lincolnshire) are for the benefit of patients with a terminal illness who are resident in Lincolnshire. Our teams will support families and carers, both during the patients' illness and in bereavement, irrespective of whether the patient themselves received care from our teams. The charity also aims to advocate for and influence the wider development of palliative care services and through this, aims to ensure that the benefits of our service, knowledge, experience and skills are extended to the wider population.

The trustees consider that they have complied with their duties under the Charities Act 2011 to have due regard to public benefit guidance published by the Charities Commission.

Page 3

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Objectives and activities (continued)

Volunteers

In normal times, the Trust benefits from the support of its volunteers and in previous years over 1,000 volunteers provide invaluable service to our clinical, wellbeing, fundraising and shops teams. The Covid 19 pandemic however caused a significant reduction in volunteer hours as most of our volunteers were stood down for the entire year for health and safety reasons. During 2020/2021, our volunteers donated an estimated 21,427 hours (2020: 74,000) of their time to the hospice, which at the minimum wage and on-costs such as employer national insurance, would equate to a donation of £219,200 (2020: £690,000)

Our people are our most important resource and ensuring we recruit and retain a workforce with the right skills is crucial to ensure we continue to deliver high quality specialist palliative care. Our Workforce Strategy focuses on engagement and appropriate and affordable reward, recognition and development which has been recognised through an external staff engagement accreditation award, revised recruitment procedures, a reward and recognition programme and an appraisal and increment process that is focused on performance, values and results.

Page 4

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Strategic report

Achievements and performance

Charitable activities

Over the year, St Barnabas Hospice Trust continued to provide a full range of services to patients throughout Lincolnshire, despite the restrictions imposed through the pandemic. The implementation of more stringent infection control procedures, including the temporary closure of our Wellbeing centres, did limit our ability to provide some of our usual services. We responded by seeing more patients in their own homes and using technology to continue to care for our patients. The following provides a summary of activity over the last twelve months:

welve months:
2020/21 2019/20
Palliative Care Co-ordination Centre
New Patient Referrals 2,948 2,602
Calls handled 93,361 68,241
In-Patient Unit
Total Admissions 195 215
Unit Occupancy (%) 58% 72%
Average Length of Stays (Days) 11.5 13.2
Allied Health Professionals
Number of Patients 1,421 1,449
Day Therapy
Number of Patients 772 1,134
Average Length of Care (Days) 274.3 183.5
Hospice at Home
Number of Patients 2,586 2,217
Average Length of Care (Days) 35.9 30.9
Specialist Palliative Care - Other
Outpatients 49 116
In Reach 133 25
Advice/Consultation 454 341
CCNS 334 225
Family Support Services
Number of clients 701 776
Welfare
Number of clients 4,202 4,552
Estimate of client benefits obtained £8,798,589 £9,053,548
Hospice in the Hospital
Number of Admissions 89 156
Occupancy (%) 49% 70%
Average Length of Stays (Days) 12.4 10.1

Page 5

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Strategic report (continued)

Achievements and performance (continued)

Achievments during 2020/21

The Trust identified four clinical priorities for improvement during 2020-2021

  1. Deployment of electronic referrals to St Barnabas Hospice Community Services

  2. Enhancing the quality of holistic family support

  3. Single nurse administration of controlled drugs – Inpatient Unit

  4. Raising the profile of equality and diversity across hospice services

Electronic Referrals

The electronic referral was co- designed as part of a collaborative task and finish group with multiple stakeholders from across the health and social care system. This has resulted in the development of a Lincolnshire multi-agency electronic referral form.

The form has been uploaded onto the patient electronic record system and has been shared with other stakeholders to embed into everyday practice. This innovation ensures that the most relevant patient information is collated by the referring clinician on one form that serves as a single referral document for all palliative and end of life care services. Clinicians continue to have a choice of referral methods, which continues to be collated by the Palliative Care Coordination Centre

To date there has been an overall 20% increase to date in referrals to the service since introduction of the new electronic referral form.

Improving holistic palliative care - enhancing the quality of family support

This project aimed to improve the family experience of end of life care by introducing a simple model of family assessment into multi-disciplinary meetings and equipping staff with the skills, knowledge and confidence to initiate conversations, involve and support families, children and young people proactively and appropriately.

Single nurse administration of controlled drugs - Inpatient Unit

A significant proportion of the working day for the Inpatient nursing team includes administration of controlled drugs (CDs) which are used extensively for symptom management in specialist palliative and end of life care. The aim of this priority is to enhance person-centred care releasing registered nurse time, generate increased autonomy, job satisfaction and efficient working patterns for the whole nursing team.

Feedback from the project to date has been extremely positive. Staff undertaking Single Nurse Administration of Controlled Drugs (SNACD) report that they feel empowered to work more efficiently and autonomously. Workstreams flow easier and are more cohesive. Staff feel their focus and attention is enhanced and they are more proactive about not being disturbed when preparing medicines, which is safer for both staff and patients

Page 6

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Strategic report (continued)

Achievements and performance (continued)

Raising the profile of equality and diversity across hospice service

St Barnabas Hospice Trust (Lincolnshire) is committed to ensuring all individuals facing the end of their life in Lincolnshire receive dignified, compassionate care when they require it and where they ask for it.

The Trust has embedded equality, diversity and inclusion (EDI) into its Governance structure and now reviews demographic information as part its quarterly Clinical Governance meetings. The aim is to improve knowledge and awareness of equality and diversity issues within the organisation.

People Development

The Trust continues to remain focused on the wellbeing of our staff and volunteers. During the year the Trust was ranked on the national b-Heard Best Companies list

Fundraising

As a result of the government’s national lockdown, the Trust was forced to cancel many of its fundraising events including the flagship annual Colour Dash Run in May 2020. In response, the fundraising team came up with innovative ways in which to engage with supporters and raise funds for the Trust. During 2020, 7,027 supporters donated to the Hospice for the first time.

Successful campaigns included:

Retail

The temporary closure of all 26 of our shops during the period of the lockdown left the Trust with no choice but to place most retail staff into the Government’s furlough scheme. The Trust received over £360,000 in support through the government’s Retail, Hospitality and Leisure grant scheme as well as benefitting from the generosity and support of the shop’s landlords through either reduced or frozen rental costs. We would like to thank our staff and retail landlords who helped us during this difficult time.

Page 7

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Strategic report (continued)

Achievements and performance (continued)

Trust Estate

During the year the Trust completed a major drainage capital infrastructure project at its Louth day centre that will alleviate historical flooding issues. The Trust also completed the design and plans for a new Wellbeing Centre in Boston. This project was initially delayed as a result of the lockdown; construction of the hub commenced in spring 2021 and is due to complete in autumn 2021.

Financial review

Financial position

Despite the impact of the pandemic, the Trust posted a surplus of £1.138m (2020: £0.677m deficit) at the end of the 2020/21 fiscal year. The surplus was caused by the bounce back of the Trust’s investment portfolio following the the previous year's fall in value as global equity markets reacted to the spread of the pandemic..

Excluding the gain on the investment portfolio, the Trust posted a surplus of £0.210m (2020: £0.118m surplus). Income from all sources amounted to £12.865m (2020: £12.827m) of which 61% (2020: 43%) was generated through NHS contracts, and 39% through fundraising, donation and investing activities. Expenditure for the same period was £12.655m (2020: £12.709m).

During the year, NHS England awarded funding to allow the hospice to make available bed capacity and comunity sipport from April 2020 to July 2020 to provide support to people with complex needs in the context of the COVID-19 situation and to provide bed capacity and community support from November 2020 to March 2021 for the same purpose. The total value of the support given amounted to £1,617,961. Without such support the hospice would have faced an operational deficit (i.e. excluding investment gains) of £1.408m.

Reserve Fund £
Fixed Asset Fund 3,332,681
Revaluation Reserve 1,101,914
Income Investment Fund 6,366,642
Revenue Reserve 3,023,804
Designated Funds
Louth Wellbeing 0
Grantham Wellbeing 100,000
Lincoln Wellbeing & Inpatient Unit 2,500,000
Restricted Funds
Boston Wellbeing 452,305
Other Restricted Funds 1,600,077
TOTAL 18,477,423

Page 8

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Performance of Subsidiaries

During the year St Barnabas Shops Ltd donated £0.197m (2020: £2.243m) to the Trust and St Barnabas Promotions Ltd donated £0.438m (2020: £0.694m) to the Trust.

3-year plan

The Trust has produced a three-year financial plan that forecasts a deficit of (£208k) in 2021/22, a surplus of £280k in 2022/23 and a surplus of £92k 2023/24.

Reserves Policy

Each year the Board of Trustees reviews the level of reserves required to cover key financial and operational risks faced by the Trust and to support the five-year clinical strategy. Given the large fixed infrastructure coupled with the current economic and political uncertainty in the local health sector, the Board of Trustees consider that it is necessary to adopt a prudent approach to reserves management by holding a combination of cash and short-term assets to fund at least six months’ running costs.

The general reserves are drawn from unrestricted funds, excluding funds designated for future capital projects, legally restricted funds, funds already invested in tangible fixed assets, and a designated investment fund that provides the Trust with an invaluable source of revenue income that supports the everyday running costs of the hospice. The Trust achieved the reserves objective in 2018/19 and plans to maintain this level of return in the medium term. St Barnabas has a phased plan for the use of these designated funds which may change at any time at the discretion of the Board based on the needs of the charity.

The consolidated accumulated funds at 31 March 2021 amounted to £18.477m (2020: £17.338m), of which restricted funds were £2.052 (2020: £2.127m). The current level of unrestricted reserves is £16.425m, of which £3.332m represents the fixed assets of the Charity, £2.6m is designated for future capital improvements of a new inpatient unit, investment fund of £6.366m, revaluation reserve of £1.101m and £3.024m in a general revenue reserve.

Investment policy and objectives

As part of its ongoing risk and reserves assessment the Charity has appointed Quilter Cheviot to provide discretionary investment management. At the end of the year the funds invested were valued at £7.770m (2020: £6.662m).

The board has an agreed statement of investment principles. The objective is to provide sufficient income to help support the Trust’s objectives whilst maintaining the real value of assets over the long term using a combination of equities, fixed income stocks, cash and alternative investments.

During the 2020/21 year the Trust earned £307,186 of income from its managed investment portfolio arising from dividends, interest received and realised gains from equity disposals.

In addition to the investment:

The trustees keep under review the diversification of the funds held by way of reserves.

Page 9

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management

Structure, Governance and Management

The Charity was created by trust deed as a registered charity (number 1053814) and is a company limited by guarantee (number 03166056). The charitable company is governed by its Memorandum and Articles of Association.

The charitable company is registered in the name of St Barnabas Hospice Trust (Lincolnshire). The Charity's principal and registered office address is 36 Nettleham Road, Lincoln, LN2 1RE.

The Trust is governed by a Board of trustees who meets at least six times a year to ensure the strategic leadership and governance of the Charity.

Trustee Recruitment

At the end of the fiscal year there were eight trustees serving on the Trust Board recruited through advertisement and/or personal recommendation. The membership of the Board is drawn from two main areas, clinical and business. We continue to recruit trustees from across the county to extend our local representation. Applicants with general life experience are encouraged to apply for trustee vacancies to ensure that services delivered by the Trust remain focused on the needs of the users of our services, namely patients and carers. At any one time the Board includes at least one trustee from the following professional backgrounds; Medical, Nursing, Legal and at least one trustee with experience of the management of finance and application of Information Technology (IT).

The Trust Board is supported in its role of strategic leadership by three committees; the Income Generation Committee, Resources Committee and Patient Care Committee. The committees were established to ensure effective performance and risk management of the Trust’s business. These committees review data and additional information that might affect the Trust’s strategic plan or indicate an increased risk to existing plans and services. .

Executive

The day to day management of the Trust is the responsibility of the Chief Executive and the Executive Team. The Executive Team is responsible for the implementation of the Trust’s business plan and, in this capacity, is responsible for budgetary control, production and implementation of operational policies, resources management and compliance with governance arrangements.

Key management remuneration

The Trust Board considers the performance of the Chief Executive and Executive Management Team through an annual appraisal. Executive remuneration is set annually by the Remuneration Committee which consists of the trustees.

Subsidiary Companies

The trust wholly owns two subsidiary companies; St Barnabas Shops Limited and St Barnabas Promotions Limited. The two companies were established to assist in the funding of the Charity with profits gift-aided annually. Both companies are limited companies and have their own board of directors, consisting of Trustees on the Charity’s Trust Board and the Chief Executive Officer.

Page 10

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management (continued)

Risk Management

The Trust Board acknowledges that it operates in a complex and ever-changing environment and is subject to a range of risks. During 2020/21 the Trust continued to operate under an integrated governance framework which supported the ongoing review of assessed risks. The Trust manages its principal risks and uncertainties through regular review of the Board Assurance Framework at Trust committee meetings, documenting the nature of each corporate risk and the action plan to address them.

Changes to the way healthcare services are commissioned and the development of the national sustainability and transformation plans has created an environment of greater uncertainty in the health sector, particularly to how services will be delivered and funded in the future. To mitigate against these risks the Trust has reviewed its services and produced a clinical strategy for the next five years and continued to invest in its fundraising department to maintain future income streams.

During 2020/21, the Trust operated a policy that at least 40% of free reserves would be held in short term liquid assets, including funds invested in the stock market by our appointed investment manager, Quilter Cheviot. The investment portfolio consists of a mix of bonds and gilts, domestic and overseas equities and property funds.

The Trust’s business plan reviews forecast income against likely expenditure, prioritises areas of future investment in line with key organisational objectives and identifies contingency plans to address risks associated with future income streams. Services commissioned by the NHS are managed through the Lincolnshire Clinical Commissioning group.

The Trust recognises that the ongoing investment in its IT infrastructure is of paramount importance both in terms of healthcare management of individual patients but also to enable deployment of efficient business management of services and resources. The Trust continues to invest in its IMT infrastructure in support of the stated strategic objectives through enabling more remote and mobile working to in-reach across the whole of the county. The IMT investment program will continue into 2021/2022 with the deployment of both clinical and non-clinical software systems to improve efficiency and help meet the demand of doing more with less resource.

Human Resources

Staff retention and recruitment remains a key risk to the organisation, potentially affecting the ability to ensure delivery of services to patients. To address this risk the Trust has an active recruitment policy, succession planning programs and a staff development framework.

During 2020/21 the Trust employed an average whole time equivalent (WTE) of 265 staff (2020: 278) comprising: patient-facing clinical staff: 144 (2020: 144), income generation staff (shops, lottery, fundraising): 77 (2020: 82), Administration and support staff (Executive Team, Human Resources, IT , Finance, Maintenance, Housekeeping, Catering, Governance, Training and Education): 44 (2020: 52).

Page 11

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management (continued)

Fundraising

All fundraising activity is undertaken by professional employed fundraisers who are supported by our team of volunteers. The Fundraising team project manage the process from start to finish with each fundraiser planning and executing activities in line with outlined budgets and targets. Governance of all fundraising activity is monitored through the separate Income Generation and Resources Committees that report to the overall Trust Board. All Committees comprise of Executives and Trustees. The team work closely with the National Association of Hospice Fundraisers. Currently this group is chaired by our own Trust managers.

In addition, all Fundraisers and managers within the Department up to Executive level are members of and subscribe to, activities and initiatives coordinated by the Institute of Fundraising. There have been no reported failings in complying with standards set for Fundraising Regulation and no complaints about our activities.

Events and initiatives are regularly undertaken in support of St Barnabas Hospice Trust (Lincolnshire) by members of the public. These are coordinated by our Community Fundraising team who oversee the activities’ development and execution. It is part of their role that each event is run in line with our own standards at all levels.

The Trust ensures all fundraising activity complies with the General Data Protection Regulations and all procedures relating to supporter care, including management of our database adhere to current regulation rules and frameworks. All personal information is handled appropriately and as a priority. There are mailing calendars in place to ensure that any direct marketing is managed appropriately. We are acutely aware of managing the process of contacting our supporters professionally.

At St Barnabas Hospice Trust (Lincolnshire) we are committed to creating a safe and rewarding environment for all our people to work and volunteer. There is a robust safeguarding policy to ensure everyone is treated properly, and a whistle blowing procedure to enable any concerns to be raised confidentially. The Trust has a zero-tolerance approach to breaches of our safeguarding policies and thoroughly investigate all alleged breaches. The policy, which aims to improve the knowledge and understanding of staff and volunteers, irrespective of their position, is regularly reviewed.

Some of our fundraising staff carry out roles that require them to work with people who are at higher risk of harm, including children and vulnerable adults. We carry out criminal record checks for people in these roles and offer comprehensive safeguarding training to senior managers in other relevant positions. To ensure we are continually maintaining the highest standards of safeguarding, we monitor guidance from Government, and the Charity Commission.

Page 12

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report including the strategic report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Charity and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Auditors

The auditors, Duncan & Toplis Limited, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees on 15 September 2021 and signed on their behalf by:

Mr A J M Maltby (Chair of Trustees)

Mrs A Legate (Treasurer)

Page 13

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

Opinion

We have audited the financial statements of St Barnabas Hospice Trust (Lincolnshire) (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 March 2021 which comprise the Consolidated statement of financial activities, the consolidated balance sheet, the charity balance sheet, the consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 14

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (CONTINUED)

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditors' report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report including the Strategic report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Page 15

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (CONTINUED)

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Page 16

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We have identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial experience, knowledge of the sector, a review of regulatory and legal correspondence and through discussions with Trustees and other management obtained as part of the work required by auditing standards. We have also discussed with the Trustees and other management the policies and procedures relating to compliance with laws and regulations. We communicated laws and regulations throughout the team and remained alert to any indications of non-compliance throughout the audit.

The potential impact of different laws and regulations varies considerably. The group is subject to laws and regulations that directly impact the financial statements and we have assessed the extent of compliance with such laws as part of our financial statements audit.

The group has specific laws and regulations to follow in relation to Health & Safety of both employees and patients and the Care Quality Commission for the care provided to their patients. The group provides regular internal training for employees on the procedures to follow and comply with the strict guidelines that are in place as well as being subject to external audits from the Care Quality Commission. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection. Through these procedures, if we became aware of any noncompliance, we considered the impact on the procedures performed on the related financial statement items.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. As with any audit, there is a greater risk of nondetection of irregularities as these may involve collusion, intentional omissions of the override of internal controls.

We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors' report.

Page 17

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (CONTINUED)

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Tara Bellamy FCA (senior statutory auditor)

for and on behalf of Duncan & Toplis Limited

Statutory Auditor 4 Henley Way

Doddington Road

Lincoln Lincolnshire LN6 3QR

Date: 17 September 2021

Page 18

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investment Income
7
Total income
Expenditure on:
Raising funds
8,9
Charitable activities
10
Total expenditure
Net income/(expenditure) before net
gains/(losses) on investments
Net gains/(losses) on investments
Net income/(expenditure) before
taxation
Taxation
Net income/(expenditure) after
taxation
Transfers between funds
21
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2021
£
1,784,748
6,175,466
2,406,559
283,755
10,650,528
2,617,043
7,788,423
10,405,466
245,062
928,897
1,173,959
80
1,174,039
39,783
1,213,822
15,211,218
1,213,822
16,425,040		 Restricted
funds
2021
£
99,043
1,950,842
164,798
-
2,214,683
293,289
1,956,552
2,249,841
(35,158)
-
(35,158)
-
(35,158)
(39,783)
(74,941)
2,127,323
(74,941)
2,052,382		 Total
funds
2021
£
1,883,791
8,126,308
2,571,357
283,755
12,865,211
2,910,332
9,744,975
12,655,307
209,904
928,897
1,138,801
80
1,138,881
-
1,138,881
17,338,540
1,138,881
18,477,422		 Total
funds
2020
£
3,384,289
5,483,612
3,656,205
303,006
12,827,112
3,692,660
9,016,456
12,709,116
117,996
(795,202)
(677,206)
68
(677,138)
-
(677,138)
18,015,678
(677,138)
17,338,540

The Consolidated statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 23 to 58 form part of these financial statements.

Page 19

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee) REGISTERED NUMBER: 03166056

CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2021

Note
Fixed assets
Tangible assets
14
Investments
16
Investment property
15
Current assets
Stocks
17
Debtors
18
Cash at bank and in hand
Creditors: amounts falling due within one
year
19
Net current assets
Total assets less current liabilities
Provisions for liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
21
Unrestricted funds
21
Total funds		 104,646
1,671,480
3,488,372
5,264,498
(1,544,249)		 2021
£
5,187,738
7,769,674
1,800,000
14,757,412
3,720,249
18,477,661
(237)
18,477,424
18,477,424
2,052,382
16,425,042
18,477,424		 130,900
2,095,580
2,167,475
4,393,955
(1,257,889)		 2020
£
5,540,510
6,662,283
2,000,000
14,202,793
3,136,066
17,338,859
(318)
17,338,541
17,338,541
2,127,323
15,211,218
17,338,541

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees on 15 September 2021_ and signed on their behalf by:

Mr A J M Maltby

Mrs A Legate (Treasurer)

The notes on pages 23 to 58 form part of these financial statements.

Page 20

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee) REGISTERED NUMBER: 03166056

CHARITY BALANCE SHEET AS AT 31 MARCH 2021

Note
Fixed assets
Tangible assets
14
Investments
16
Investment property
15
Current assets
Debtors
18
Cash at bank and in hand
Creditors: amounts falling due within one
year
19
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
21
Unrestricted funds
21
Total funds		 1,924,668
3,205,012
5,129,680
(1,414,931)		 2021
£
5,167,587
7,769,678
2,217,000
15,154,265
3,714,749
18,869,014
18,869,014
18,869,014
2,052,382
16,816,632
18,869,014		 2,421,250
1,836,034
4,257,284
(1,130,426)		 2020
£
5,519,935
6,662,287
2,417,000
14,599,222
3,126,858
17,726,080
17,726,080
17,726,080
2,127,323
15,598,757
17,726,080

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees on 15 September 2021__ and signed on their behalf by:

Mr A J M Maltby

Mrs A Legate (Treasurer)

The notes on pages 23 to 58 form part of these financial statements.

Page 21

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

Note
Cash flows from operating activities
Net cash used in operating activities
24
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Proceeds from sale of investments
Purchase of investments
Net cash used in investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
25
The notes on pages 23 to 58 form part of these financial statements		 2021
£
1,215,177
283,755
(176,480)
2,787,783
(2,901,920)
(6,862)
-
1,208,315
2,408,517
3,616,832		 2020
£
(171,478)
303,006
(850,335)
437,298
(317,240)
(427,271)
-
(598,749)
3,007,266
2,408,517

Page 22

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

St Barnabas Hospice Trust (Lincolnshire) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The consolidated statement of financial activities (SOFA) and consolidated balance sheet consolidate the financial statements of the Group and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The Group has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own statement of financial activities in these financial statements.

1.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Voluntary income is accounted for when received. Incoming resources represents the amount receivable during the year in respect of donations and legacies.

Legacies are recognised when there is sufficient evidence to provide the necessary certainty that the legacy will be received, and the legacy can be measured with sufficient reliability.

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by our investment advisor of the dividend yield of the investment portfolio.

Activities for generating funds, comprising principally fund raising events and trading/lottery income is recorded when receivable.

Activities furthering the charities objects. Income under health authority and NHS Lincolnshire contracts is recognised in the Statement of Financial Activities on a receivable basis.

Where income is received in advance of performance, its recognition is deferred and included in creditors until the contract is performed.

1.3 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is porbable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Page 23

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies (continued)

1.3 Expenditure (continued)

Expenditure is classified under the following activity headings:

(i) costs of generating funds include those costs incurred in raising voluntary income, fundraising trading/lottery costs and investment management costs.

(ii) hospice services expenditure relates to expenditure on objects and include direct costs and support costs associated to these activities.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

1.4 Allocation and apportionment of costs

Support costs are those functions that assist the work of the Charity but do not directly undertake charitable activites. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Trusts activities. These costs have been allocated to charitable activities. The basis on which support costs have been allocated is partly according to the costs directly incurred in those areas and partly on the basis of staff numbers directly employed.

1.5 Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

1.6 Tangible fixed assets and depreciation

Tangible fixed assets under the cost model are stated at histroical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and the conditions necessary for it to be capable of operating in the manner intended by management.

Individual fixed assets costing £500 or more are capitalised at cost.

Page 24

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies (continued)

1.6 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property - 20% on cost and 2% on cost Long-term leasehold property - 20% on cost and 2% on cost Motor vehicles - 25% on cost Fixtures and fittings - 10% on cost Shops' improvements and - 20% on cost fittings

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the consolidated statement of financial activities.

1.7 Investment property

Investment properties are carried at open market value and no depreciation is provided. The trustees consider that this accounting policy results in the financial statements giving a true and fiar view. Unrealised surpluses or deficits arising on revaluation of investment properties are shown in the Statement of Financial Activites.

1.8 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Statement of Financial Position date, using the closing quoted market price. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year.

The Charity does no acquire put options, derivatives or other complex financial instruments.

The main form of financial risk faced by the Charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.

Short term deposits represent investments in bank term deposits maturing within one year. Investments in subsidiary companies are stated at cost.

Page 25

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies (continued)

1.9 Realised gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

1.10 Stocks

Stocks are stated at the lower of cost and net realisable value. Cost is determined on a first-in firstout basis, and includes all direct costs incurred. Net realisable value is based on an estimated selling price allowing for all further costs of disposal.

1.11 Cash and cash equivalents

Cash and cash equivalents include cash at bank and cash in hand as well as short term highly liquid investments with a short maturity (recognised within short term investments).

1.12 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.13 Operating leases

Rentals paid under operating leases are charged to the consolidated statement of financial activities on a straight line basis over the lease term.

1.14 Pension costs and other post-retirement benefits

The Trust makes payments to two defined contribution pension schemes on behalf of qualifying employees. One administered by the NHS Pensions Agency and a stakeholder scheme providing benefits for the employees additional to those from the state. Such contributions are charged in the Statement of Financial Activities when made. The contributions are invested separately from the Trust's assets.

1.15 Fund accounting

Unrestricted funds (revenue reserves) can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 26

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies (continued)

1.16 Volunteer contributions

Honorary officers, trustees and volunteers provide support to St Barnabas Hospice Trust (Lincolnshire). It is not practical nor feasible to place a value on the time volunteered by these persons.

2. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

In preparing these financial statements, the directors have made the following judgements:

(i) Determine whether leases entered into by the group either as a lessor or a lessee are an operating lease or finance lease. These decisions depend on assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

Other key sources of estimation uncertainty:

(ii) Tangible fixed assets, other than investment properties, are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

3. Income from donations and legacies

Unrestricted
funds
2021
£
Donations, covenants and tributes
1,350,975
Legacies and bequests
433,773
1,784,748		 Restricted
funds
2021
£
99,043
-
99,043		 Total
funds
2021
£
1,450,018
433,773
1,883,791

Page 27

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

3. Income from donations and legacies (continued)

Donations, covenants and tributes
Legacies and bequests		 Unrestricted
funds
2020
£
1,870,724
1,446,086
3,316,810		 Restricted
funds
2020
£
63,876
3,603
67,479		 Total
funds
2020
£
1,934,600
1,449,689
3,384,289

4. Income from charitable activities

Unrestricted
funds
2021
£
Income from charitable activities - Inpatient Unit & Acute
Hospital Support
2,669,302
Income from charitable activities - Community Care
2,633,573
Income from charitable activities - Supportive Care
456,702
Government grants received
415,889
Total 2021
6,175,466		 Restricted
funds
2021
£
-
-
332,881
1,617,961
1,950,842		 Total
funds
2021
£
2,669,302
2,633,573
789,583
2,033,850
8,126,308
Income from charitable activities - Inpatient Unit & Acute
Hospital Support
Income from charitable activities - Community Care
Income from charitable activities - Supportive Care
Total 2020		 Unrestricted
funds
2020
£
2,506,162
2,474,560
276,699
5,257,421		 Restricted
funds
2020
£
9,568
6,264
210,359
226,191		 Total
funds
2020
£
2,515,730
2,480,824
487,058
5,483,612

Page 28

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

5. Income from other trading activities

Income from non charitable trading activities

Unrestricted
funds
2021
£
Other income
549,353
Fundraising events
108,560
Trading income
1,000,907
Lottery income
747,739
2,406,559
Unrestricted
funds
2020
£
Other income
518,845
Fundraising events
87,542
Trading income
2,282,554
Lottery income
693,839
3,582,780		 Restricted
funds
2021
£
164,798
-
-
-
164,798
Restricted
funds
2020
£
73,425
-
-
-
73,425		 Total
funds
2021
£
714,151
108,560
1,000,907
747,739
2,571,357
Total
funds
2020
£
592,270
87,542
2,282,554
693,839
3,656,205

Page 29

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6. Income from charitable activites by category

Health
Authority
and NHS
Lincolnshir
e contracts
2021
Other
charges and
contribution
s
2021
£
£
Inpatient Units & Acute Hospital Support
2,669,302
-
Community Care
2,633,573
-
Supportive Care
335,437
243,709
Government (Covid) Grants
-
1,617,961
5,638,312
1,861,670
Health
Authority and
NHS
Lincolnshire
contracts
Other
charges and
contributions
£
£
Inpatient Units & Acute Hospital Support
2,506,162
9,568
Community Care
2,474,560
6,264
Supportive Care
276,699
129,679
5,257,421
145,511		 Grants
received
2021
£
-
-
210,437
415,889
626,326
Other grants
received
£
-
-
80,679
80,679		 Total
funds
2021
£
2,669,302
2,633,573
789,583
2,033,850
8,126,308
Total
funds
£
2,515,730
2,480,824
487,057
5,483,611

7. Investment income

Unrestricted
funds
2021
£
Dividends and other income from investment portfolio
224,507
Bank interest receivable and similar income
59,248
283,755		 Total
funds
2021
£
224,507
59,248
283,755

Page 30

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

7. Investment income (continued)

Dividends and other income from investment portfolio
Bank interest receivable and similar income		 Unrestricted
funds
2020
£
234,400
68,606
303,006		 Total
funds
2020
£
234,400
68,606
303,006

8. Expenditure on raising funds

Costs of raising voluntary income

Unrestricted
funds
2021
£
Direct other costs
180,983
Allocated support costs
159,157
Direct staff costs
363,982
704,122		 Restricted
funds
2021
£
75,845
61,737
-
137,582		 Total
funds
2021
£
256,828
220,894
363,982
841,704

Page 31

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8. Expenditure on raising funds (continued)

Costs of raising voluntary income (continued)

Direct other costs
Allocated support costs
Direct staff costs		 Unrestricted
funds
2020
£
325,638
311,708
491,371
1,128,717		 Total
funds
2020
£
325,638
311,708
491,371
1,128,717

Fundraising trading expenses

Unrestricted
funds
2021
£
Direct other costs including costs of goods sold and lottery
prizes
694,225
Direct staff costs
1,200,352
1,894,577		 Restricted
funds
2021
£
155,707
-
155,707		 Total
funds
2021
£
849,932
1,200,352
2,050,284

Page 32

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8. Expenditure on raising funds (continued)

Fundraising trading expenses (continued)

Unrestricted
funds
2020
£
Direct other costs including cost of goods sold and lottery prizes
1,178,564
Direct staff costs
1,366,178
2,544,742
Other trading expenses
Unrestricted
funds
2021
£
Depreciation of fixture and fittings
423		 Total
funds
2020
£
1,178,564
1,366,178
2,544,742
Total
funds
2021
£
423

Page 33

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8. Expenditure on raising funds (continued) Other trading expenses (continued)

Unrestricted
funds
2020
£
Depreciation of fixtures and fittings
597
9.
Investment management costs
Unrestricted
funds
2021
£
Investment management costs
17,921
Unrestricted
funds
2020
£
Investment management costs
18,604		 Total
funds
2020
£
597
Total
funds
2021
£
17,921
Total
funds
2020
£
18,604

10. Analysis of expenditure on charitable activities Summary by fund type

Unrestricted
funds
2021
£
Inpatient Unit & Acute Hospital Support
2,826,188
Community Care
3,439,923
Supportive Care
1,522,312
7,788,423		 Restricted
funds
2021
£
1,058,364
898,188
-
1,956,552		 Total
funds
2021
£
3,884,552
4,338,111
1,522,312
9,744,975

Page 34

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

10. Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)

Inpatient Unit & Acute Hospital Support
Community Care
Supportive Care		 Unrestricted
funds
2020
£
3,116,232
4,252,398
1,229,524
8,598,154		 Restricted
funds
2020
£
378,434
17,969
21,899
418,302		 Total
funds
2020
£
3,494,666
4,270,367
1,251,423
9,016,456

11. Analysis of expenditure by activities

Inpatient Unit & Acute Hospital Support
Community Care
Supportive Care		 Activities
undertaken
directly
2021
£
3,609,946
3,546,935
1,243,256
8,400,137		 Support
costs
2021
£
274,606
791,176
279,056
1,344,838		 Total
funds
2021
£
3,884,552
4,338,111
1,522,312
9,744,975
Inpatient Unit & Acute Hospital Support
Community Care
Supportive Care		 Activities
undertaken
directly
2020
£
3,233,362
3,556,366
995,829
7,785,557		 Support
costs
2020
£
261,305
714,000
255,594
1,230,899		 Total
funds
2020
£
3,494,667
4,270,366
1,251,423
9,016,456

Page 35

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

11. Analysis of expenditure by activities (continued)

12. Staff costs

Group
Group
Charity
2021
2020
2021
£
£
£
Wages and salaries
8,049,065
7,945,294
6,848,713
Social security costs
466,314
438,892
466,314
Contribution to defined contribution pension
schemes
526,966
479,352
526,966
9,042,345
8,863,538
7,841,993
The average number of persons employed by the Charity during the year was as follows:
Group
Group
Charity
2021
2020
2021
No.
No.
No.
Nursing and care services
144
148
144
Fund raising and publicity
81
90
11
Administration
17
20
16
Management
5
6
4
Support services
19
26
18
266
290
193		 Charity
2020
£
6,579,116
438,892
479,352
7,497,360
Charity
2020
No.
148
17
18
4
24
211

Page 36

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

12. Staff costs (continued)

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

Group Group
2021 2020
No. No.
In the band £60,001 - £70,000 3 1
In the band £70,001 - £80,000 - 1
In the band £80,001 - £90,000 1 1

Retirement benefits were accruing under the NHS defined benefit pension scheme to the members of staff in question in both years.

The Trust had 340 (1,000: 2019-2020) volunteers working for it during 2020-21. The amount of hours worked by them ranges from those who give a few hours of time for special tasks and events right up to volunteers who cover daily duties. They work across all areas of the Trust.

The Trust considers its key management personnel to comprise the chief executive and the senior management team. The total employee benefits including employer pension contributions of the 4 (2020 - 4) key management personnel were £365,457 (2020 - £351,657).

13. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year ended 31 March 2021, expenses totalling £ NIL were reimbursed or paid directly to Trustee (2020 - £87 to Trustee) .

Page 37

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14.
Tangible fixed assets
Group
Cost or valuation
At 1 April 2020
Additions
Disposals
Transfers between classes
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
On disposals
At 31 March 2021		 Freehold
property
£
6,619,817
145,418
(70,159)
(54,581)
6,640,495
2,195,139
139,330
(22,941)
2,311,528		 Long-term
leasehold
property
£
1,596,568
-
(4,491)
-
1,592,077
1,156,683
404
(2,236)
1,154,851		 Motor
vehicles
£
32,598
-
-
-
32,598
32,598
-
-
32,598		 Fixtures and
fittings
Assets in
progress of
construction
£
£
1,481,761
90,782
31,062
-
(202,930)
-
-
-
1,309,893
90,782
1,053,570
-
182,781
-
(169,787)
-
1,066,564
-		 Shops'
improvemen
ts and
fittings
£
847,457
-
(77,777)
-
769,680
690,484
63,976
(72,214)
682,246		 Total
£
10,668,983
176,480
(355,357)
(54,581)
10,435,525
5,128,474
386,491
(267,178)
5,247,787

Page 38

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14. Tangible fixed assets (continued)

Group (continued)

Net book value
At 31 March 2021
At 31 March 2020		 Freehold
property
£
4,328,967
4,424,678		 Long-term
leasehold
property
£
437,226
439,885		 Motor
vehicles
£
-
-		 Fixtures and
fittings
Assets in
progress of
construction
£
£
243,329
90,782
428,192
90,782		 Shops'
improvemen
ts and
fittings
£
87,434
156,973		 Total
£
5,187,738
5,540,510

The net book value of freehold land and buildings includes £1,644,120 (2020 - £1,644,120) in respect of restricted fund assets (note 23).

Capital commitments at 31 March 2021 amounted to £nil (2020 - £nil).

Page 39

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14. Tangible fixed assets (continued)

Charity

Cost or valuation
At 1 April 2020
Additions
Disposals
Transfers between classes
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
On disposals
At 31 March 2021		 Freehold
property
£
6,576,562
145,418
(70,159)
(54,581)
6,597,240
2,195,139
139,330
(22,941)
2,311,528		 Long-term
leasehold
property
£
1,605,047
-
(4,491)
-
1,600,556
1,140,810
404
(2,236)
1,138,978		 Motor
vehicles
£
28,917
-
-
-
28,917
28,917
-
-
28,917		 Fixtures and
fittings
Assets in
progress of
construction
£
£
1,447,092
90,782
31,062
-
(202,930)
-
-
-
1,275,224
90,782
1,020,572
-
182,358
-
(169,787)
-
1,033,143
-		 Shop's
improvemen
ts and
fittings
£
847,457
-
(77,777)
-
769,680
690,484
63,976
(72,214)
682,246		 Total
£
10,595,857
176,480
(355,357)
(54,581)
10,362,399
5,075,922
386,068
(267,178)
5,194,812

Page 40

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14. Tangible fixed assets (continued)

Charity (continued)

Net book value
At 31 March 2021
At 31 March 2020		 Freehold
property
£
4,285,712
4,381,423		 Long-term
leasehold
property
£
461,578
464,237		 Motor
vehicles
£
-
-		 Fixtures and
fittings
Assets in
progress of
construction
£
£
242,081
90,782
426,520
90,782		 Shop's
improvemen
ts and
fittings
£
87,434
156,973		 Total
£
5,167,587
5,519,935

The net book value of freehold land and buildings includes £1,855,056 (2020 - £1,644,120) in respect of restricted fund assets (note 23).

Capital commitments at 31 March 2021 amounted to £nil (2020 - £nil).

Page 41

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

15.
Investment property
Group
Valuation
At 1 April 2020
Surplus on revaluation
At 31 March 2021
Charity
Valuation
At 1 April 2020
Surplus on revaluation
At 31 March 2021		 Freehold
investment
property
£
2,000,000
(200,000)
1,800,000
Freehold
investment
property
£
2,417,000
(200,000)
2,217,000

Investment properties are stated at open market values as at March 2017 as prepared by Banks, Long & Co. The surveyor who valued the portfolio is a member of the Royal Institute of Chartered Surveyors. If the land and buildings had not been revalued, they would have been stated at their cost of £2,037,951 (2020 - £2,037,951) for the charity. All of this property is owned by the registered charity and therefore has no liability to corporation tax on income and capital that is applied for charitable purposes. The trustees consider there have been no changes in the open market value of investment properties during the year.

Page 42

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

16. Fixed asset investments

Group
Cost or valuation
At 1 April 2020
Additions
Disposals
Revaluations
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Listed
investments
£
6,525,969
2,885,709
(2,787,783)
1,017,322
7,641,217
7,641,217
6,525,969		 Cash held
as part of
the
investment
portfolio
£
245,301
2,787,783
(2,904,627)
-
128,457
128,457
245,301		 Total
£
6,771,270
5,673,492
(5,692,410)
1,017,322
7,769,674
7,769,674
6,771,270

Page 43

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

16. Fixed asset investments (continued)

There were no investment assets outside the UK.

2021 2020
£
 £
Cost of listed investments at 31 March 2021 6,238,185 6,115,819

The listed investments are quoted on a recognised investment exchange. The portfolio of investments includes a range of fixed interest and equity holdings.

All investments are carried at their fair value. Investment in equities and fixed interest securities are all traded in quoted public markets. Holdings in common investment funds, unit trusts and open-ended investment companies are at the bid price. The basis of fair value for quoted investments is equivalent to the market value, using the bid price. Asset sales and purchases are recognised at the date of trade at cost (that is their transaction value).

The significance of financial instruments to the ongoing financial sustainability of the Hospice is considered in the financial review and investment policy and performance sections of the Trustees' Annual Report. The main risk to the Hospice from financial instruments lies in the combination of uncertain investment markets and volatility in yield.

Liquidity risk is anticipated to be low as all assets are traded and the commitment to intervention by central banks and market regulators has continued to provide for orderly trading in the markets and so their ability to buy and sell quoted equities and stock is anticipated to continue. The Hospice's investments are mainly traded in markets with good liquidity and high trading volumes.

The Hospice has no material investment holdings in markets subject to exchange controls or trading restrictions. The Hospice does not make use of derivatives and similar complex financial instruments as it takes the view that investments are held for their longer term yield total return and historic studies of quoted financial instruments have shown that volatility in any particular 5 year period will normally be corrected.

Page 44

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

16. Fixed asset investments (continued)

Charity
Cost or valuation
At 1 April 2020
Additions
Disposals
Revaluations
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Investments
in
subsidiary
companies
£
4
-
-
-
4
4
4		 Listed
investments
£
6,525,969
2,885,709
(2,787,783)
1,017,322
7,641,217
7,641,217
6,525,969		 Cash held
as part of
the
investment
portfolio
£
245,301
2,787,783
(2,904,627)
-
128,457
128,457
245,301		 Total
£
6,771,274
5,673,492
(5,692,410)
1,017,322
7,769,678
7,769,678
6,771,274

Page 45

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

16. Fixed asset investments (continued)

Principal subsidiaries

The following were subsidiary undertakings of the Charity:

Names Registered office or principal Principal activity Class of Holding Included in
place of business shares consolidation
St Barnabas 12 Cardinal Close, Charity shop Ordinary 100% Yes
Shops Limited Lincoln LN2 4SY
St Barnabas 12 Cardinal Close, Lottery Ordinary 100% Yes
Promotions Limited Lincoln LN2 4SY

The financial results of the subsidiaries for the year were:

Names Profit/(Loss Net assets
)/ Surplus/ £
(Deficit) for
the year
£
St Barnabas 66,709 2,854
Shops Limited
St Barnabas 437,953 3,658
Promotions Limited

Both these companies donate substantially all profits to the St Barnabas Hospice Trust (Lincolnshire) under the Gift Aid Scheme.

Page 46

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

17. Stocks

Group Group
2021 2020
£ £
Finished goods and goods for resale 104,646 130,900

18. Debtors

Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
Tax recoverable		 Group
2021
£
1,020
-
332,165
1,311,765
26,530
1,671,480		 Group
2020
£
845
-
68,342
2,016,842
9,551
2,095,580		 Charity
2021
£
-
412,492
332,165
1,153,481
26,530
1,924,668		 Charity
2020
£
-
369,844
68,342
1,973,513
9,551
2,421,250

19. Creditors: Amounts falling due within one year

Payments received on account
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 Group
2021
£
74,721
421,696
89,463
70,811
887,558
1,544,249		 Group
2020
£
75,792
144,238
55,980
67,937
913,942
1,257,889		 Charity
2021
£
-
413,637
70,124
70,259
860,911
1,414,931		 Charity
2020
£
-
141,944
49,824
67,886
870,772
1,130,426

Page 47

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

19. Creditors: Amounts falling due within one year (continued)

DEFERRED INCOME
Deferred income at 1 April 2020
Resources deferred during the year
Amounts released from previous periods		 Group
2021
£
Group
2021
£
357,939
551,696
(357,939)
551,696		 Group
2020
£
Group
2020
£
442,108
357,939
(442,108)
357,939		 Charity
2021
£
Charity
2021
£
282,147
476,975
(282,147)
476,975		 Charity
2020
£
Charity
2020
£
359,982
282,147
(359,982)
282,147

Deferred income relates to funding that has been recieved in advance for future periods and lottery income recieved for future draws.

20. Deferred taxation

Group
At the beginning of the year
Charge for the year		 2021
£
237
-
237

The deferred tax balance is made up as follows:

Accelerated capital allowances Group
2021
£
(237)
(237)		 Group
2020
£
(318)
(318)

Page 48

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

21. Statement of funds

Statement of funds - current year

Balance at 1
April 2020
£
Unrestricted funds
Designated funds
Louth Wellbeing
350,000
Grantham Wellbeing
100,000
Inpatient Unit
1,000,000
Lincoln Wellbeing
500,000
1,950,000
General funds
Fixed Asset Fund
3,896,390
Revenue Reserves
1,947,095
Revaluation Reserves
1,301,914
Investment Reserve
6,115,819
13,261,218		 Income
£
-
-
-
-
-
-
10,650,529
-
-
10,650,529		 Expenditure
£
(233,028)
-
-
-
(233,028)
(474,672)
(9,497,765)
(200,000)
-
(10,172,437)		 Taxation
£
-
-
-
-
-
-
80
-
-
80		 Transfers
in/out
£
(116,972)
-
1,000,000
-
883,028
(89,037)
(76,133)
-
(678,075)
(843,245)		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
928,897
928,897		 Balance at
31 March
2021
£
-
100,000
2,000,000
500,000
2,600,000
3,332,681
3,023,806
1,101,914
6,366,641
13,825,042

Page 49

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

21. Statement of funds (continued)

Statement of funds - current year (continued)

Balance at 1
April 2020
£
Total Unrestricted funds
15,211,218
Restricted funds
Other restricted funds
1,667,247
Boston Wellbeing
460,076
2,127,323
Total of funds
17,338,541		 Income
£
10,650,529
2,214,683
-
2,214,683
12,865,212		 Expenditure
£
(10,405,465)
(2,244,015)
(5,826)
(2,249,841)
(12,655,306)		 Taxation
£
80
-
-
-
80		 Transfers
in/out
£
39,783
(37,838)
(1,945)
(39,783)
-		 Gains/
(Losses)
£
928,897
-
-
-
928,897		 Balance at
31 March
2021
£
16,425,042
1,600,077
452,305
2,052,382
18,477,424

Page 50

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

21. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Louth Wellbeing
Grantham Wellbeing
Inpatient Unit
Lincoln Wellbeing
General funds
Fixed Asset Fund
Revenue Reserves
Revaluation Reserves
Investment Reserve		 Balance at
1 April 2019
£
350,000
100,000
1,000,000
500,000
1,950,000
3,800,091
1,855,293
1,301,914
6,929,850
13,887,148		 in funds
£
-
-
-
-
-
-
12,460,018
-
-
12,460,018		 Expenditure
£
-
-
-
-
-
(526,848)
(11,763,966)
-
-
(12,290,814)		 Taxation
£
-
-
-
-
-
-
68
-
-
68		 between
funds
£
-
-
-
-
-
623,147
(604,318)
-
(18,829)
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
(795,202)
(795,202)		 Balance at
31 March
2020
£
350,000
100,000
1,000,000
500,000
1,950,000
3,896,390
1,947,095
1,301,914
6,115,819
13,261,218

Page 51

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

21. Statement of funds (continued) Statement of funds - prior year (continued)

Total Unrestricted funds
Restricted funds
Other restricted funds
Boston Wellbeing
Total of funds		 Balance at
1 April 2019
£
15,837,148
1,738,454
440,076
2,178,530
18,015,678		 in funds
£
12,460,018
367,095
-
367,095
12,827,113		 Expenditure
£
(12,290,814)
(418,302)
-
(418,302)
(12,709,116)		 Taxation
£
68
-
-
-
68		 between
funds
£
-
(20,000)
20,000
-
-		 Gains/
(Losses)
£
(795,202)
-
-
-
(795,202)		 Balance at
31 March
2020
£
15,211,218
1,667,247
460,076
2,127,323
17,338,541

Page 52

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

22. Summary of funds

Summary of funds - current year

Balance at 1
April 2020
£
Designated funds
1,950,000
General funds
13,261,218
Restricted funds
2,127,323
17,338,541
Summary of funds - prior year
Balance at
1 April 2019
£
Designated funds
1,950,000
General funds
13,887,148
Restricted funds
2,178,530
18,015,678		 Income
£
-
10,650,529
2,214,683
12,865,212
in funds
£
-
12,460,018
367,095
12,827,113		 Expenditure
£
(233,028)
(10,172,437)
(2,249,841)
(12,655,306)
Expenditure
£
-
(12,290,814)
(418,302)
(12,709,116)		 Taxation
£
-
80
-
80
Taxation
£
-
68
-
68		 Transfers
in/out
£
883,028
(843,245)
(39,783)
-
Transfers
in/out
£
-
-
-
-		 Gains/
(Losses)
£
-
928,897
-
928,897
Gains/
(Losses)
£
-
(795,202)
-
(795,202)		 Balance at
31 March
2021
£
2,600,000
13,825,042
2,052,382
18,477,424
Balance at
31 March
2020
£
1,950,000
13,261,218
2,127,323
17,338,541

Page 53

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

23. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2021
£
Tangible fixed assets
3,332,682
Fixed asset investments
7,769,674
Investment property
1,800,000
Current assets
5,067,172
Creditors due within one year
(1,544,249)
Provisions for liabilities and charges
(237)
Total
16,425,042
Analysis of net assets between funds - prior year
Unrestricted
funds
2020
£
Tangible fixed assets
3,896,390
Fixed asset investments
6,662,283
Investment property
2,000,000
Current assets
3,910,752
Creditors due within one year
(1,257,889)
Provisions for liabilities and charges
(318)
Total
15,211,218		 Restricted
funds
2021
£
1,855,056
-
-
197,326
-
-
2,052,382
Restricted
funds
2020
£
1,644,120
-
-
483,203
-
-
2,127,323		 Total
funds
2021
£
5,187,738
7,769,674
1,800,000
5,264,498
(1,544,249)
(237)
18,477,424
Total
funds
2020
£
5,540,510
6,662,283
2,000,000
4,393,955
(1,257,889)
(318)
17,338,541

Page 54

(A company limited by guarantee)

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Charity

Unrestricted
funds
2021
£
Analysis of net assets between funds - current period
Tangible fixed assets
3,312,530
Fixed asset investments
7,769,678
Investment property
2,217,000
Current assets
4,932,354
Creditors due within one year
(1,414,931)
16,816,631
Unrestricted
funds
2020
£
Analysis of net assets between funds - prior period
Tangible fixed assets
3,875,816
Fixed asset investments
6,662,287
Investment property
2,417,000
Current assets
3,774,078
Creditors due within one year
(1,130,425)
15,598,756		 Restricted
funds
2021
£
1,855,056
-
-
197,327
-
2,052,383
Restricted
funds
2020
£
1,644,120
-
-
483,203
-
2,127,323		 Total
funds
2021
£
5,167,586
7,769,678
2,217,000
5,129,681
(1,414,931)
18,869,014
Total
funds
2020
£
5,519,936
6,662,287
2,417,000
4,257,281
(1,130,425)
17,726,079

Page 55

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

The Trustees of St Barnabas Hospice Trust (Lincolnshire) are committed to supporting the development of a comprehensive network of local palliative and end of life services throughout Lincolnshire so that they are provided close to patient's homes.

It is our ambition that these services will be enhanced and facilitated by the on-going development of our innovative, dependable and effective Specialist Palliative Medicine teams who together will provide tertiary support to clinical teams across our whole health and social care community. In line with the strategic plan, the trustees have reviewed the designation of funds. During the course of the next three years, the Trust intends to commence a programme of property development projects to upgrade the quality of its estate across the county to improve the patient experience. The estate development will be funded by utilising a combination of funds currently held Trust investments and launching a public capital appeal. The Trust has set aside a specific Designated Fund for this purpose.

The trustees recognise that dividend and interest income earned from the Trust investment portfolio provides an invaluable source of ongoing income and have set aside an Investment Income Reserve to maintain this income flow for future years.

The Trust will continue to maintain a policy of holding a reserve of six months running costs and as previously agreed, surplus funds will be invested in the development fund to continue to support local service provision and the establishment of the Estate.

The fixed assets of the charity have been separated out into a Fixed Asset Fund totalling £3.312 million (2020 - £3.875 million) which includes the land purchased for the Estate.

Unrealised gains on fixed asset investments included in unrestricted funds are as follows:

2021
 2020
£ £
Unrealised gains at 1 April 2020
 306,712 1,101,914
Amounts realised through investment disposal in year 23,650 3,430
Net gain / (loss) arising on revaluation in year
 905,247 (798,632)
Transfer - -
_ __
Unrealised gains at 31 March 2021
 1,235,609 306,712
_ __

The revaluation reserve in the Charity Statement of Financial Position also includes the loss on investment properties of £200,000 (2020 - £379,048), resulting in the revaluation reserve totalling £1,280,962 (2020 - £1,480,962).

Page 56

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

24. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the year (as per Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Gains/(losses) on investments
Dividends, interests and rents from investments
Loss on the sale of fixed assets
Decrease/(increase) in stocks
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Deferred tax
Net cash provided by/(used in) operating activities
25.
Analysis of cash and cash equivalents
Cash in hand
Investment income
Total cash and cash equivalents
26.
Analysis of changes in net debt
At 1 April
2020
£
Cash at bank and in hand
2,167,475
Investment income
241,042
2,408,517		 Group
2021
£
1,138,881
386,491
(928,897)
(283,286)
86,960
104,646
424,100
286,362
(80)
1,215,177
Group
2021
£
3,488,375
128,457
3,616,832
Cash flows
£
1,320,897
(112,585)
1,208,312		 Group
2020
£
(677,138)
543,733
788,673
(303,006)
264,765
(415)
(740,236)
(47,786)
(68)
(171,478)
Group
2020
£
2,167,475
241,042
2,408,517
At 31 March
2021
£
3,488,372
128,457
3,616,829

Page 57

ST BARNABAS HOSPICE TRUST (LINCOLNSHIRE)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

27. Operating lease commitments

At 31 March 2021 the Group and the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 Group
2021
£
326,350
358,545
684,895		 Group
2020
£
288,470
519,646
808,116		 Charity
2021
£
298,515
358,545
657,060		 Charity
2020
£
278,305
519,646
797,951

28. Related party transactions

Indemnity insurance has been purchased on behalf of the Trustees at a cost of £702 (2020 - £702) for the year.

During the year the charitable company made purchases from J.W. Ruddock & Sons Limited, a company in which Mr P Banton, Trustee, is a director. The total purchases made during the year were £13,183 (2020 - £44,552) and at the year end an amount of £5,230 (2020 - £6,624) was outstanding.

During the year the charitable company made purchases from Lindum Sports Association Limited, a company in which Mr A Maltby, Trustee, is a director. The total purchases made during the year were £Nil (2020 - £3,450) and at the year end an amount of £Nil (2020 - £Nil) was outstanding.

Page 58