2021-03-31-accounts - Bluebell Wood Children's Hospice

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Charity Information
Trustees' Report
Independent	Auditor's	Report		.10
Consolidated	Statement	of Financial	Activities.	...14
Consolidated	and Charity Balance Sheets ...			15
Consolidated	Statement	of Cash Flow		...16
Notes to the	Financial Statements.			...17

ble below sh	ows our income	over the past 5 ye	ars.
f.'m		2017	2018	2019	2020	2021
Donations/Fundraising		1.9	2.0	1.9	1.6	0.9
Legacy		0.3	0.5	0.4	0.8	2.3
Charity shop	trading	0.9	0.7	0.7	0.6	0.1
Care income		0.5	0.4	0.9	0.9	0.7
Events and other		0.2	0.2	0.5	0.2	0.2
Lottery		0.1	0.2	0.5	0.7	0.7
Investment	income	0.2		0.2 .	0.2	0.1
Government	Funding					0.7
		4.1	4.2	4.6	5.0	5.7

xt table	shows the	detail of our cha	ritable activit	ies spend	over the pa	st 5 years.
E'000			2017	2018	2019	2020	2021
Salaries			2,088	2,191	1,931	1,575	1,621
Facilities			140	146	195	130	146
Asset depreciation/		loss on
disposal			184	217	170	171	236
Care su p plies			71	57		110	39
Medical	consultant	and agency
staff			156	144	301	209	200
Training	and recruitment		86	54	68	68	78
Other			100	116	125	148	132
			2,825	2,925	2,790	2,411	2,452

Income and Expenditur 2021	e Ac	count) for t	he year e	nded 31	March
		Unrestricted	Restricted	2021	2020
	Notes	funds f000's	funds f000's	Total f000's	Total OOOO's
Income from:
Donations, grants and legacies	3	3,067	98	3,165	2,390
Charitable activities		798	461	1,259	854
Fundraising and trading activities	5	1,138		1,138	1,540
Investment income		139		139	142
Sundry income		41		41	89
Total income		5,183	559	5,742	5,015
Expenditure on:
Charitable activities		(1,940)	(512)	(2,452)	(2,411)
Raising funds - trading		(493)		(493)	(816)
Raising funds - fundraising		(1,584)		(1,584)	(1,817)
Total expenditure		(4,017)	(512)	(4,529)	(5,044)
Net income/(expenditure)
before other recognised gains and losses		1,166	47	1,213	(29)
Net investment gain/(loss)		734		734	(317)
Net income/(expenditure) and net movement in funds		1,900	47	1,947	(346)
Reconciliation offunds
Funds at 1 April 2020	18	10,533	86	10,619	10,965
Funds at 31March 2021	18	12,433	133	12,566	10,619

		Group		Charity
	Notes	2021 OOOO's	2020 f000's	2021 f000's	2020 f000's
Fixed assets
Intangible assets	10	36	75	36	75
Tangible assets		4,061	4,217	4,051	4,177
Investments	12,13	6,167	4,417	6,167	4,417
		10,264	8,709	10,254	8,669
Current assets
Stock			12
Debtors	14	1,113	1,393	1,079	1,797
Cash	15	1,691	926	1,566	800
		2,807	2,331	2,645	2,597
Liabilities falling due within one year	16	(505)	(421)	(446)	(372)
Net current assets		2,302	1,910	2,199	2,225
Net assets	18	12,566	10,619	12,453	10,894
Funds ofthe charity:
Restricted	18	133	86	133	86
Unrestricted	18	12,433	10,533	12,320	10,808
Total Funds		12,566	10,619	12,453	10,894

						202i	2020
					Note	f'000	f'000
Net cash	from/(used by) operating		activities		23	1,725	(816)
Cash flows from investing		activities
Purchase	to acquire investments					(3,331)	(1,105)
Proceeds	from the sale of investments					2,315	1,495
Investment income						139	142
Purchase	of intangible assets					(29)	(39)
Purchase	of tangible assets					(54)	(52)
Proceeds	from sale oftangible	assets
Net cash	flow from investing activities					(960)	447
Change	in cash and cash equivalents			in the year		765	(369)
Cash and	cash equivalents at	the beginning of the year				926	1,295
Cash and cash equivalents		at the end		ofthe year	l5	1,691	926

					2021 f'000	2020 f'000
Investment income					139	142
Analysis ofexpenditure		including	governance	and support	costs
For the year ended March 2021:	31	Charitable activities f'000		Retail f'000	Fundraising f'000	Total 2021 f'000
Wages and salaries			1,621	243	1,274	3,138
Premises and facilities			146	155	8	309
Depreciation and amortisation			182	12	10	204
Loss on sale of fixed assets			54	17	3	74
Fundraising and marketing			21		103	124
Trading				29		29
Legal and professional			13	28	11	52
Care			239			239
Administration			97		76	181
Motor and travel			1		1	3
Training and recruitment			78		61	139
Investment manager	fees				37	37
Total expenditure			2 452	493	1 584	4 529

pport costs are include	d in the above	totals as follows:
				Total
		Support costs f'000	Governance f'000	2021 f'000
Wages and salaries		471		471
Premises and facilities		309		309
Depreciation and amortisation		221		221
Legal and professional			52	52
Administration		181		181
Motor and travel		3		3
Training and recruitment		139		139
Investment manager	fees	37		37
Total su ort costs		1 361	52	1413

For the year ended 31 March 2020:	Charitable activities f'000	Retail f'000	Fundraising f'000	Total 2020 f'000
Wages and salaries	1,575	401	1,237	3,213
Premises and facilities	130	287	7	424
Depreciation and amortisation	167	28	8	203
Loss on sale of fixed assets	4		1	5
Fundraising and marketing	19		374	393
Trading		53		53
Legal and professional	44	17	36	97
Care	318			318
Administration	83	19	67	169
Motor and travel	3	11	3	17
Training and recruitment	68		54	122
Investment manager fees			30	30
Total expenditure	2411	816	1817	5 044

pport costs are included in the abov	e totals as follows:
			Total
	Support costs f'000	Governance f'000	2020 f'000
Wages and salaries	554		554
Premises and facilities	424		424
Depreciation and amortisation	208		208
Legal and professional		97	97
Administration	169		169
Motor and travel	17		17
Training and recruitment	122		122
Investment manager fees	30		30
Total support costs	1 524	97	1 621

Staff	costs
			2021	2020
			E'000	6'000
Salaries			2,727	2,812
Pension cost			174	175
Employer's	national	insurance	233	213
Redundanc	a ments		4	13
			3 138	3 213

								2021	2020
Care								52	61
Support								46	72
Retail								18	35
								116	168
The full-time		equivalent number of employees					were:
								2021	2020
Care								46	61
Support								44	68
Retail								17	26
								107	155
Net	income
Net income		is stated		after:				2021 f'000	2020 E'000
Depreciation		and	amortisation					204	203
Auditor's	remuneration							11	9
Loss on disposal			of fixed assets					57	5
Operating 0 eratin	lease lease		rentals rentals	—property — lant and e	ui	ment		113 10	154 6

Group and Charity	Software
	OOOO's
Cost
At 1 April 2020	112
Additions	29
Disposals	(72)
At 31 March 2021	69
Amortisation
At 1 April 2020	37
Charge for year	17
On dis osals	21
At 31 March 2021	33
Net book values
At 31 March 2021	36
At 31 March 2020	75

1. Fixed assets
Group	Land and		Motor	Fixtures &
	buildings E'000	Computers f'000	vehicles 6'000	equipment E'000	Total E'000
Cost
As at 1 April 2020	5,268	67	79	904	6,318
Additions		47		7	54
Dis osals	4	8		163	175
At 31 March 2021	5,264	106	79	748	6,197
Depreciation
As at 1 April 2020	1,237	19	75	770	2,101
Charge for the year	106	20	4	57	187
Dis osals	1	7		144	152
As at 31 March 2021	1,342	32	79	683	2,136
Net book value
As at 31 March 2021	3 922	74		65	4 061
As at 31 March 2020	4 031	48		134	4 217

1. Fixed assets (cont	inued)
Charity	Land and		Motor	Fixtures &.
	buildings f'000	Computers f'000	vehicles f'000	equipment f'000	Total f'000
Cost
As at 1 April 2020	5,268	67	42	698	6,075
Additions		47		7	54
Dis osals	4	8		62	74
At 31 March 2021	5,264	106	42	643	6,055
Depreciation
As at 1 April 2020	1,237	18	39	604	1,898
Charge for the year	106	20	3	45	174
Dis osals	1	7		60	68
As at 31 March 2021	1,342	31	42	589	2,004
Net book value
As at 31 March 2021	3 922	75		54	4 051
As at 31 March 2020	4 031	49		93	4 177

As at 31 March 2020 2.Listed Investments	4 031 49	93	4 1
Group and Charity		2021 f'000	2020 f'000
At 1 April 2020		4,417	5,124
Purchase at cost		3,331	1,105
Proceeds from sale of investment Net investment ains losses		(2,315) 734	(1,495) 317
Value at 31March 2021		6,167	4,417
Listed investments		6,167	4,417
Cash and cash e uivalents	note 15	241	321
		6408	4 738

Charity			2021	2020f
Cost
Investment	in	subsidia	100	100

The results and	The results and	net	assets are:	2021 f'000	2020 F'000
Turnover				99	808
Expenditure				(507)	(831)
Other o eratin		income		174
Profit/ loss	for	the	ear	234	23
Assets				176	350
Liabilities				685	625
Net liabilities				509	275

otes to the Financial Sta 1March 2021 4. Debtors	tements for t	he year e	nded
	Group		Charity
	2021 f'000	2020 f'000	2021 f'000	2020 f'000
Amounts due from subsidiary				576
Accrued income	838	769	826	644
Trade debtors	23	324	22	318
Prepayments	56	94	41	62
VAT recoverable	194	204	189	197
Other debtors	2	2	1
	1 113	1393	1079	1 797

			Group 2021 f'000	2020 f'000	Charity 2021 f'000	2020 f'000
Cash held	in investments		241	321	241	321
Cash at bank			1450	605	1 325	479
			1691	926	1 566	800
6. Creditors: falling due within one year
			Group 2021 f'000	2020 f'000	Charity 2021 f'000	2020 f'000
Trade creditors			164	228	135	197
Accruals	and other creditors		87	70	60	57
Tax and national		insurance	59	59	56	54
Deferred	income		195	64	195	64
			505	421	446	372
7. Deferred income
					2021 f'000	2020 f'000
At 1 April	2020				64	53
Additions	during	the year			195	64
Amounts	released to income				64	53
At 31 March 2021					195	64

							Net	At 31
For the year ended March 2021		31	1April 2020 E'000	Income E'000	Expenses E'000	Transfers E'000	investment gains E'000	March 2021 E'000
Unrestricted
Free reserves
Charity Trading			6,408 (316)	4,827 274	(3,261) (479)		734	8,708 (521)
Fixed asset reserves			4 292	82	277			4 097
			10384	5 183	4 017		734	12284
Designated
Building			51					51
IT			97					97
Peo le			1					1
			149					149
Total unrestricted		funds	10533	5 183	4 017		734	12433
Restricted
Hospice UK Covid	funding			461	(461)
Other			86	98	51			133
Total restricted	funds		86	559	512			133
Total funds			10619	5 742	4 529		734	12 566
							Net	At 31
For the year ended March 2020		31	1April 2019 E'000	Income E'000	Expenses E'000	Transfers E'000	investment (losses) E'000	March 2020 E'000
Unrestricted
Free reserves
Charity			5,688	4,066	(3,883)	854	(317)	6,408
Trading Fixed asset reserves			(322) 4 415	809	(803) 208	85		(316) 4 292
			9 781	4 875	4 894	939	317	10384
Designated
Building			51					51
IT			70	27				97
Strategy			939			(939)
Peo le			1
			1 061	27		939		149
Total unrestricted		funds	10842	4 902	4 894		317	10533
Restricted
Match Room Sport			35	83	(118)
Other			88	30	32			86
Total restricted	funds		123	113	150			86
Total funds			10965	5 015	5 044		317	10619

9. Analysis of net as	sets between	funds
Group			Unrestricted
	Restricted	Designated	fixed asset	Free	Total
As at 31March 2021	funds f.'000	funds f'000	fund f'000	reserves f.'000	2021 K'000
Fixed assets			4,097		4,097
Investments Current assets	133	149		6,167 2,525	6,167 2,807
Current liabilities				505	505
	133	149	4 097	8 187	12 566
Charity			Unrestricted
	Restricted	Designated	fixed asset	Free	Total
As at 31March 2021	funds f'000	funds E'000	fund E'000	reserves f.'000	2021 E'000
Fixed assets			4,087		4,087
Investments Current assets	133	149		6,167 2,363	6,167 2,645
Current liabilities				446	446
	133	149	4 087	8 084	12453
Group			Unrestricted
	Restricted	Designated	fixed asset	Free	Total
As at31March 2020	funds f'000	funds 6'000	fund f.'000	reserves E'000	2020 f.'000
Fixed assets			4,292		4,292
Investments				4,417	4,417
Current assets	86	149		2,096	2 331
Current liabilities				421	421
	86	149	4 292	6 092	10619
Charity			Unrestricted
	Restricted	Designated	fixed asset	Free	Total
As at31March 2020	funds F'000	funds E.'000	fund 2'000	reserves f'000	2020 f'000
Fixed assets			4,252		4,252
Investments				4,417	4,417
Current assets	86	149		2,362	2,597
Current liabilities				372	372
	86	149	4 252	6 409	10894

			2021 f'000	2020 E'000
Tota I income			5,486	4,221
Total expenditure Total net investment	ains/	losses	(4,661) 734	(4,226) 317
Net sur lus/ deficit			1 559	322

. Operating lease	commitmen	ts —Group
Amounts falling due:		Other 2021 K'000	2020 f'000	Land and 2021 E'000	buildings 2020 f.'000
Within one year			7	52	63
Between two and five	years		10	179	176
After more than five	ears			6	33
		10	17	237	272

3. Reconciliation	of	cash	flow from opera	ting	activities —Gr	oup
						2021 f'000	2020 f'000
Net income/(expenditure)		before other recognised			gains/(losses)	1,213	(29)
Investment income						(139)	(142)
Amortisation						17	15
Depreciation						187	188
Loss on disposal of	fixed	assets				74	5
Decrease in stock						9	10
(Increase)/decrease Increase in creditors	in debtors					280 84	(996) 133
Net cash inflow/	outflow		from o eratin	activities		1 725	816

		Unrestricted	Restricted	2020
		funds f000's	funds f000's	Total F000's
Income from:
Donations, grants and legacies		2,277	113	2,390
Charitable activities		854		854
Fundraising and trading activities		1,540		1,540
Investment income		142		142
Sundry income		89		89
Total income		4,902	113	5,015
Expenditure on:
Charitable activities		(2,261)	(150)	(2,411)
Raising funds —trading		(816)		(816)
Raising funds —fundraising		(1,817)		(1,817)
Total expenditure		(4,894)	(150)	(5,044)
Net income/(expenditure) other recognised gains and	before losses		(37)	(29)
Net investment (loss)		(317)		(317)
Net (expenditure) and net movement in funds		(309)	(37)	(346)
Reconciliation offunds
Funds at 1 April 2019		10,842	123	10,965
Funds at 31March 2020		10,533	86	10,619