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2022-03-31-accounts

About Us
From the Chair and Chief Executive
%ho we are and how we help
Hospice care is full of life
Our history
Our strategy
Our services in 2021/22
Care Quality Commission (CQC)
Covid Response
Sussex Hospice Collaboration
Key activities
in 2021/22
Our Income Generation
Activities		 10
Our Volunteers
Structure,
Governance
and		 Management 12
Risk Management 15
Financial
Review		 16
Trustees'
Responsibilities		 18
Independent
Auditor's
Report to the		 Members and Trustees of St Peter 8 StJames Charitable Trust
20
Consolidated
statement
of financial		 activities 24
Balance sheets as at 31 March 2022 26
Statements
of cash flows		 for the year ended 31 March 2022 27
Notes to the accounts 28

Compassion We show everyone
empathy,
kindness
and respect
Integrity We do the right thing, no matter how challenging.
Accountability We take responsibility
for our actions and outcomes.
Excellence We strive to be outstanding
and aim to exceed expectations
Inclusivity We welcome and respect everyone

Tangible
Fixed		 Assets F2,058,665
Legacy Accrual Fund 2848,689
Other Designated
Funds		 F96,911
Group General Funds E3,44?,99?
Restricted
Funds		 841,897
Total Funds P6,494,159

2022 2022 2022 2022 2021
Total Total
Income: Unrestricted Designated Restricted Funds Funds
Note E
Donations and legacies:
Donations 1,122,417 3,721 104,048 1,230,186 1,535,987
Legacies 1,314,624 1,314,624 499,972
Grants 574,068 376,182 950,250 1,899,424
Total donations
and legacies		 3„011,109 3721 480,230 3,495,060 3,935,383
Trading activities 1,577,790 1,57?,790 900,077
income from charitable activities 44,268 32,966 77,234 330,222
investment
income		 12,065 12,065 19,178
Total income 4,645,232 3,721 513,196 5,162,149 5,184,860
Expenditure:
Shop costs 1,206,800 1,206,800 868,643
Fundraising
Costs		 568,495 568,495 284,687
Investment
management		 costs 3,546 3,546 3,217
Costs of raising funds 1„778841 1,778,841 1,156,547
Expenditure
on charitable		 activities 8 2,376,246 616,175 2,992,421 3,505,742
Total expenditure 4,155,087 616,175 4,771,262 4,662,289
Net income/(expenditure) for the
year before gains and losses on
investments 490,145 3,721 (102,979) 390,887 522,571
Net gains on investments 7,238 7,238 54,050
Net income/(expenditure) for the year 497,383 3,721 (102,979) 398,125 576,621
Transfers
between
funds		 (445,823) 445,823
Net movement
in funds		 51,560 449,544 (102,979) 398,125 576,621
Reconciliation offunds:
Total funds brought
forward		 3,396,437 2,554,721 144,876 6,096,034 5,519,413
Total funds carried forward 3,447,997 3,004,265 411897 6,494,159 6,096,034

Group Group Charity Charity
Notes 2022 2021 2022 2021
Fixed assets
Tangible assets 15 2,058,665 2„152,148 2,058,665 2,152,148
Investments 16 499,898 489,007 589,898 579,007
2,558,563 2,641 155 2,648,563 2,731,155
Current assets
Debtors 17 1,420,124 437,421 1,477,957 454,233
Current asset investments 1,874,872 2,147,024 1,874,872 2,147,024
Cash at bank and in hand 825,871 1,045„193 634,222 909,807
4,120,867 3,629,638 3,987,051 3,511,064
Liabilities
Creditors: amounts falling due
within one year 18 185,271 174,759 169,026 167,855
Net current assets 3,935,596 3,454,879 3,818,025 3,343,2D9
Total assets less current liabilities 6,494,159 6,096,034 6,466,588 6,074,364
Total net assets 6,494,159 6,096„034 6,466,588 6,D74,364
The funds ofthe charity:
Restricted income funds 20 41,897 144,876 41,897 144,876
Unrestricted
funds
Designated
funds		 21 3,004,265 2,554,721 3,078,354 2,637,423
General funds 21 3,447,997 3,396,437 3,346,337 3,292,065
Total unrestricted 6,452„262 5,951,158 6&424,691 5,929,4S&
Total funds 22 6,494,159 6,096,034 6,466,588 6,074,364

Group Group Charity Charity
Notes 2022 2021 2022 2021
Cash flows from operating activities:
Net cash provided by/(used in) operating
activities 27 447,925 594,089 504,188 542,85?
Cash flows from investing activities:
Dividends, interest and rents from investments 12,065 19,178 12,065 19,178
Proceeds from the sale of property
and
equipment 1,250 1,250
Purchase of property,
plant		 and equipment (49,989) (62,623) (49,989) (62,623)
Proceeds from sale of investments 207,995 108,0?0 207,995 108,070
Purchase of investments (213,620) (112,973) (213,620) (112,973)
Net cash provided by/(used in) investing
activities 43„549 47,098 43,549 47,098
Change in cash and cash equivalents in the
reporting period 491,474 546,991 547,737 495,759
Cash and cash equivalents at the beginning of
the reporting
period		 3,192,217 2,645,226 3,056,831 2,561,072
Cash and cash equivalents at the end of the
reporting period 28 2,700,743 3,192,217 2,509,094 3,056,831

Donations 2022 2021
E
General Donations and Fundraising Events 1,097,709 1,342,776
Gift Aid 110,415 177,386
Other 22,062 15,825
1,230,186 1,535,987

Legacies 2022 2021
Legacy income 1,314,624 499,972
1,314,624 499,972

Grants received 2022 2021
NHS Clinical Commissioning Group Grants 626,457 623,342
Covid-19 Grants 189,357 999,350
Other Statutory Grants 67,980
Trust and Other Fundraising Grants 134,436 208,752
950,250 1,899,424

Trading Activiti es 2022 2021
F
Shop income from sale of donated goods and new goods 1,366,773 526,926
Covid-19 Business Grants 8 Insurance
Claims		 184,117 366,051
Income from Shops donated
Goods Gift Aid Scheme:
- Gift aid income from sale of goods on an agency basis 26,900 7,100
Total income from Trading
Activities: Shops		 1,577,790 900,077
Shops and trading activity costs net of Charity administration fee 1,168,190 852,039
Trust support costs allocated to Shops 38,610 19,200
Total expenditure from Trading
Activities		 1,206,800 871,239
Net Profit arising from Trading Activities 370,990 28,838

Investment income 2022 2021
Rental Income 1,270 1,020
Dividends
- equities		 7,909 8,387
Bank Interest 2,886 9,771
12,065 19,178

Analysis of Support
Expenditure Direct
Costs		 costs
(note 10)		 2022 2021
Costs of Raising Funds
Shop costs 1,168,190 38,610 1,206,800 868,643
Fundraising Costs 390,889 177,606 568,495 284,687
Investment Management
Costs 3,546 3,546 3,217
Total Cost ofRaising
funds 1,562,625 216,216 1,778,841 1,156,547
Charitable Activities
Hospice 1,650,177 378,380 2,028,557 1,397,322
Community Care 573,970 162,163 736,133 652,911
Wellbeing 211,993 15,444 227,437 337,711
Funded Beds 1,116,906
External
Clinical Services &Training		 294 892
Total Charitable Activities 2,436,434 555,987 2,992„421 3,505,742
Total 3,999,059 772„203 4,771,262 4,662,289

2021 2021 2021 2021
Total
Income: Unrestricted Designated Restricted Funds
Donations and
legacies:
Donations 1,451,161 4,892 79,934 1,535,987
Legacies 499,972 499,972
Grants 622,529 1,2?6,895 1,899,424
Total donations
and
legacies 2,573,662 4,892 1)356,829 3,935,383
Trading activities 900,077 900,077
Income from charitable activities 299,696 30,526 330,222
Investment income 19,178 19,178
Other income
Total income 3,792,613 4,892 1,387,355 5,184,860
Expenditure:
Shop costs 868,643 868,643
Fundraising
Costs		 284,68? 284,687
Investment
management
costs 3,217 3,21?
Costs of raising funds 1,156,547 1,156„547
Expenditure
on charitable		 activities 2,195,377 1,310,365 3,505,742
Total expenditure 3,351,924 1,310,365 4,662,289
Net income for the year
before gains on
investments 440,689 4,892 76,990 522,571
Net gains on investments 54,050 54,050
Net incomel(expenditure) for the year 494,739 4,892 76,990 576,621
Transfers
between		 funds 256,839 (256,839)
Reconciliation of Reconciliation of funds:
Total funds brought forward 2,644,859 2,806,668 67,886 5,519,413
Total funds carried
forward 3,396,437 2,554,721 144,876 6,096,034
10 Analysis ofsupport
costs Governance
Administration Finance costs 2022 2021
Shop costs 25,460 4,474 8,676 38,610 54,873
Fundraising costs 117,117 20,580 39,909 177,606 36,Q35
Cost ofgenerating funds 142,577 25,054 48,585 216,216 90,908
Hospice 249,511 43,845 85,024 378,380 229,?78
Community Care 106,933 18,791 36,439 162,163 58,822
Wellbeing 1Q,184 1,790 3,470 15,444 90,019
Continuing Care 192,516
Charitable services 366,628 64,426 124,933 555,987 571,135
Total 509,205 89,480 173,518 772,203 662,043
Prior year totals 434,470 105,873 121,700 662,043
11 Governance costs 2022 2021
Management 146,868 112,575
Audit and Accountancy
Fees 6,0QQ 9,125
Other Professional Fees 20,650
173,518 121,700

2022 2021 2021
Actual Full time Acfua/ Full time
Number equivalent Number equivalent
Direct charitable services
Fundraising 8 Trading 50 45
Support services 21 17 I9
Total 137 99 141 102

13 Net incoming
resources		 Net incoming
resources		 2022 2021
Net incoming
resources		 is stated after charging:
Depreciation 143,472 126,36S
Auditors
remuneration:
- for audit services 6,000 9,125
- foraccountancy
services
Operating
lease rentals		 27S,275 165,940

16 Investments
2022 2021
a) Investments -Group and Charity
At start of the year 489,007 430,130
Additions 182,016 148,937
Disposals (207,995) (108,070)
Movement
in		 cash 31,604 (35,964)
Unrealised
Gains/(loss)		 on Revaluation 5,266 53,974
At end ofthe year 499,898 489,007
b) Analysis of investments
Listed investments 451,274 4?1,98?
Other investments 300 300
Cash held as part ofthe investment portfolio 48,324 16,720
Total group 499,89& 489,007
Equity investment in subsidiary 90,000 90,000
Total charity 5S9,89S 5?9,007
All investments are held in the UK

Income statement 2022 2021
Turnover 45,508 29,016
Cost of sales 7,913 8,635
Gross profit 37,595 20,381
Operating
expenses		 19,200 19,200
Profit on ordinary activities 18,395 1,181
Donation to hospice 18,395 1,181
Increase/{decrease) in the Retained profit for the year
Balance sheet
Current Assets 186,918 224,760
Liabilities 85,189 52,273
Net assets 101,729 172,487
Represenfed
by:
Capital 90,000 90,000
Reserves 11,729 82,487
I01 729 172487

Debtors Group Group Charity Charity
2022 2021 2022 2021
Trade debtors 43,700 43,775 43,?00 41,641
VAT recoverable 65,129 48,097 65,129 9,924
Amount
due from subsidiary		 68,935 59,326
Other debtors and prepayments 1,311,295 345,549 1,300,193 343,342
1,420,124 437,421 1,477,957 454,233

21 Unrestricted
funds		 Balance at Balance at
31 INarch Expenditure 31 INarch
2021 Income and gains Transfers 2022
F f.
Designated
funds
Friends ofStPeter & StJames 12,190 3,721 15,911
Tangible Fixed Assets 2,152,148 (93,483) 2,058,665
Legacy Accrual Fund 111,921 736,768 84&,689
Capital Replacement Fund 278,462 197,462 81,000
Total Designated
funds		 2,554,721 3,721 445,823 3,004,265
General fund Trust 3,296,S57 4,599,724 (4,102,341) (448,072) 3,342,617
General
fund Shops		 99,480 45,508 45,508 2,249 101,729
Total General fund 3,396,437 4,645,232 4,147,849 445,823 3,447,997
Total Unrestricted
funds		 5,951,158 4,648,953 4,147849 6,452,262
Desi nated funds:
Unrestricted
funds
in the Friends		 ofSt Peter &StJames have been set aside as designated
funds		 in the
Group accounts to meet the future needs for medical equipment
and		 associated costs ofthe Charity.
The Tangible Fixed Asset Fund represents the net book value ofthe tangible fixed assets held by the
Charity,
which includes
any building		 work-in-progress. Fixed assets are integral to the provision of
charitable
activities and therefore		 not readily available to spend (e.g. hospice buildings).
The Legacy Accrual Fund represents legacy income received after the year end that has been accrued
into
the accounts.
The Trustees established the Capital Replacement
Fund		 in recognition
ofthe ongoing		 need for capital
investment
to replace		 and, where appropriate,
enhance the Charity's		 assets.
A Stock Condition		 Survey was
undertaken
in 201?by a third party,		 and was reviewed during 2021-22.The fund balance represents
the
expected capital expenditure required to 31 March 2025.
Unrestricted
funds		 (Prior Year) 31 March Expenditure Balance at
31 INarch
2020 Income and gains Transfers 2021
K E f.
Designated
funds
Friends ofSt Peter 8 StJames 7,298 4,892 12,190
Tangible Fixed Assets 2,216,315 (64,167) 2,152,14&
Legacy Accrual Fund 283,055 (171,134) 111,921
Capital Replacement Fund 300,000 21,538 27&,462
Total Designated
funds		 2,806,668 4,892 256,839 2,554,?21
General fund Trust 2,539,479 3,763,597 (3,268,858) 256,839 3,291,057
General
fund Shops		 105,380 29016 29,016 105,380
Total General fund 2,644,859 3,792,613 3,297,874 256,839 3,396,437
Total Unrestricted
funds		 5,451,527 3,797,505 3,297,874 5,951,15&
Year Ended 31st March 2022
General Designated Restricted Total
funds funds funds funds
Investments 499,898 499,898
Tangible fixed assets 2,058,665 2,058,665
Current assets 3,133,370 945,600 41,89? 4,120,867
Creditors falling due in less than one
year 185,271 185,271
3,447,997 3,004,265 41,897 6,494,159

Net ass ets by fun ds (Prior Year)
Year Ended 31st March 2021
General Designated Restricted Total
funds funds funds funds
Investments 489,007 489,007
Tangible fixed assets 2,152,148 2,152„148
Current assets 3,082,189 402,573 144,876 3,629,638
Creditors falling due in less than one
year 174,759 174,?59
3,396,437 2,554,721 144,876 6,096,034

summary
performan		 ce
ofthe Charity alone is as follows:
2022 2021
Income 5,156,250 5,184,017
Total expenditure 4,764,026 4,608,237
Net surplus
/(deficit)		 392,224 575,780
Total funds brought forward 6,074,364 5,498,584
Total funds carried forward 6,466„588 6,074,364
Represented
by:
Restricted funds 41,897 144,876
Unrestricted
funds		 6,424,691 5,929,488
6,466,588 6,074,364

Unrestricted Restricted 2022 2021
Income
Donations
and		 subscriptions 3,721 3,?21 4,892
Gift Aid
Investment
income
Total income 3,721 3,721 4,892
Resources expended -charitable activities
Net movement in funds 3,721 3,721 4,892
Funds brought forward 12,190 12,190 7,298
Funds carried forward 15,911 15,911 12,190
Current Assets
Debtors
Cash at bank 15,842 15,842 12,190
Total net assets 15„842 15,842 12,190
Funds of the Charity
Unrestricted
Funds		 15,842 15,842 12,190
Restricted
Funds
Total Funds 15,842 15,842 12,190
27 Reconciliation
of net income		 to Group Group Charity Charity
net cash flow from operating activities 2022 2021 2022 2021
Net income for the reporting period 398,125 576,621 392,224 575,780
Adjustments
for:
Depreciation
charges		 143,472 126,368 143,472 126,368
(Increase)/decrease
in debtors		 (982,7Q3) 84,437 (1,Q23,724) 55,693
Increase/(decrease)
in creditors		 10,512 (119,357) 1,171 (141,004)
Loss/(profit)
on the sale of fixed		 assets (828) (828)
(Gains)/losses
on investments		 (5,266) (53,974) (5,266) (53,974)
Dividends,
interest and rents from investments		 12,065 19,178 12,065 19,178
Net cash provided
by/(used		 in) operating
activities 447,925 594„089 504,188 542„857
28 Analysis ofcash and cash equivalents Group Group Charity Charity
2022 2021 2022 2021
R
Cash at bank and
in hand		 825,871 1,045,193 634,222 909,807
Short term deposits 1,874,872 2,147,024 1,874,872 2,147,024
Total cash and cash equivalents 2,700,743 3,192,217 2,509,094 3,056,831