REGISTERED COMPANY NUMBER: 04118341 (England and Wales) REGISTERED CHARITY NUMBER: 1086048
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2023
for
The Jessie May Trust
Moore Chartered Accountants and Statutory Auditor 6th Floor Whitefriars Lewins Mead Bristol BS1 2NT
The Jessie May Trust
Contents of the Financial Statements for the Year Ended 31 March 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 13 |
| Report of the Independent Auditors | 14 to 17 |
| Statement of Financial Activities | 18 |
| Balance Sheet | 19 to 20 |
| Cash Flow Statement | 21 |
| Notes to the Cash Flow Statement | 22 |
| Notes to the Financial Statements | 23 to 35 |
The Jessie May Trust
Report of the Trustees for the Year Ended 31 March 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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 2019).
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The Jessie May Trust
Report of the Trustees
for the Year Ended 31 March 2023
OBJECTIVES AND ACTIVITIES Objectives and aims Overall objectives
The objects of the charitable company, as defined in the Memorandum of Association are:
"the relief of children and young persons suffering from physical conditions which are life-threatening or life-limiting and/or terminal by:-
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The provision of respite or palliative care in the community for affected young persons, their families and carers, and
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The advancement of the education of health professionals, statutory authorities, GP practices, and others in the condition of children and young persons with terminal illnesses in particular through the representation of such persons and their families to local statutory authorities and professional groups."
In pursuit of these objects, Jessie May has a team of nurses (registered children's and nursery nurses) who provide a hospice at home service, a palliative care service for children with life limiting conditions together with their families in their own home. These children have very complex needs and often require supervision 24 hours a day, 7 days a week. The Jessie May nurses enable parents and carers to go out whilst having the confidence that their child is being properly cared for. Our nurses also provide opportunities for play and stimulation for the child.
Jessie May nurses also provide short breaks to parents when their child is in hospital. The relationship that the nurses have with the child and family gives the family the confidence that their child will have one-to-one focused care and attention from someone who really knows their child and their needs. They can leave their child in safe hands whilst they attend to other family commitments, work, life admin, or to simply take a break.
Throughout the year, we organise many opportunities for families to come together in a safe environment. This includes family fun days, picnics and our Christmas party. For some, these are the only opportunities that they get to go out together as a whole family.
Jessie May nurses also provide emotional support to families during visits and through extensive telephone contact. From the point of diagnosis of a child's condition, we are there to give support. The trust and relationships we build with children and families enables us to engage in difficult conversations to help prepare end of life care plans and funeral plans.
When a child reaches the end of their life, we can step up our support to provide the nursing care and emotional support at the most unimaginably challenging and distressing time. We work very closely with other services to ensure that wherever possible the child can die in the place of their choosing, at home, in a hospice or in hospital, in peace and with dignity.
Our bereavement service supports families after a child has died when the sense of loss, loneliness and isolation can be overwhelming. We offer regular telephone support and face to face visits as well as access to our Purple Group which is a peer support group for bereaved parents. Our support offer is not time-bound but tends to be within the five years after a child has died. We hold our Tree of Light event annually, which is open to all bereaved families and is a chance to remember their child and to celebrate their life, no matter how short it may have been.
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The Jessie May Trust
Report of the Trustees for the Year Ended 31 March 2023
ACHIEVEMENT AND PERFORMANCE Charitable activities Achievements and Performance
2022-23 has been a time of meaningful change for Jessie May. From a care perspective, much of the year was spent implementing our revised offer to families that was launched at the beginning of 2022 and in response to our recovery from the pandemic. The revised offer has meant that over the last year we have been slowly building our offer and increasing the support that we are able to offer Jessie May children and their families.
We said a fond farewell to Chris Roys who retired as CEO of Jessie May after 18 years leading the charity. His departure coincided with a celebration event for Jessie May families and supporters that was held at Bristol Zoo (coincidently during the last week before the zoo closed its doors after 150 years). We are incredibly grateful for everything that Chris achieved during his time as CEO, particularly his leadership during the Covid-19 pandemic and his commitment to partnership working to ensure that our children and their families were supported.
In August 2022 the charity welcomed new CEO Daniel Cheesman, whose background has been in equalities and both children and adult disability charities. In the autumn of 2022, with a new CEO in post we launched our new five-year strategy. Titled 'No Place Like Home,' the strategy outlines our plans to support more children and their families and influencing regionally and nationally about the importance of providing palliative care at home.
Charitable activities
Care offer
At the start of 2022 we published our revised service offer in terms of care provided to Jessie May children and families. The revision followed the interim arrangements that had been in place during the pandemic. The focus of the service offer and caseload review included the creation of the 'open access' category, and it has meant that we have focused the provision of care and support on those children and families with greatest need medically, whilst attempting to support wider resilience of all Jessie May families. We have added nursing hours to the team to reflect the increase support that we are giving to families.
The last twelve months saw us reintroduce children and family events, with some being offered for the first time in nearly three years. These included family picnics and specific Jessie May sessions at Gympanzees during the spring, summer, and half term holidays. We were also delighted to welcome back the Jessie May Christmas party after a two-year hiatus. Hosted by The Village Hotel in Filton and supported by Pop Up Play and Acorns Nursery, we welcomed 31 Jessie May children, their siblings, and parents. We have seen a slow and steady increase of attendance at face-to-face events as families confidence grows (many of our families shielded for two years) and this has continued into 2023.
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The Jessie May Trust
Report of the Trustees
for the Year Ended 31 March 2023
The legacy from Covid-19 has been the enhanced partnership working with other palliative care providers Bristol, North Somerset, and South Gloucestershire area (BNSSG). A shared strategic aim between Jessie May, Children's Hospice South West, Sirona (the Lifeline service), University Hospital Bristol and Weston NHS Trust (UHBW) and BNSSG Integrated Care Board (ICB) has been the offer of providing 24/7 end-of-life care at home for babies, children, young people, and their families. Pilot funding from NHS England that has been matched by BNSSG ICB has meant that we have been part of a collaboration who have designed a new way of working to provide this care in a joined-up way. The Starling Service was shaped during the last 12 months, with the pilot due to work with families from summer 2023. Jessie May are proud to be an integral part of this collaboration; our nurses have received additional training and we have changed their teams' terms and conditions to provide specialist end-of-life care at home for those families who want their child to die at home. The collaboration is committed to this new way of working and the Jessie May nurses are a crucial element of the offer. We are working in partnership to design a sustainable model, based on robust evaluation beyond the pilot.
In addition to BNSSG we continue to support children and families in the Bath & North East Somerset, Swindon and Wiltshire, area (BSW). Arrangements here and relationships between other organisations are less well defined, historically working largely in isolation, though we continue our attempts to develop closer working relationships.
Key to our care offer is our nursing model. Jessie May nurses are employed by UHBW and seconded back to the charity. We are in the process of reviewing this arrangement with UHBW and this has required a lot of management time in the last year as we have appraised different options. We anticipate our new way of working with UHBW being in place during 2023/24 and the reason for reviewing the agreement is to ensure that we continue to provide the best quality of care to all Jessie May children and their families.
Bereavement support and Purple Group
In the last year we have invested in our Bereavement Team, adding a permanent Bereavement Support Worker post. The individual in this role brings a counselling qualification to the team as this has been a gap that we have wanted to fill for a while. Our Bereavement Team continue to offer families support through a varied offer which includes bereavement support visits and access to the Purple Group. The Purple Group met five times last year and like other Jessie May services, saw the return to face to face meetings. The group is peer lead and provides a safe space for mutual support and understanding.
Jessie May activity 2022-23:
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13 children were supported through end of life
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179 children and families were supported by the Care Team
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1,567 specialist nurse visits were made to families in need - over 1,310 of these in their own home o 53 families were supported through bereavement
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5 Purple Groups were held to support bereaved parents
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15 nurses worked to provide specialist support for children
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4,377 hours were spent providing direct support to children and their families
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893 phone calls were made to support families in need
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5 big family events were held, including the Christmas party
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10 Trustees served during the year, including 3 parent trustees
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We continued to be rated good overall by the Care Quality Commission (our rating was reviewed in March 2023; our last full inspection was pre-pandemic)
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We remained key members of local palliative care networks including:
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Avon Children's Palliative Care Network
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The Jessie May Trust
Report of the Trustees
for the Year Ended 31 March 2023
o End of Life 24/7 Steering Committee
o BNSSG Children's Palliative and End of Life Care Strategy Group
o Royal College of Nursing Community & Continuity Care Forum
o Southwest Palliative Care Network
o Neonatal Working Group and Advanced Care Planning Group
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The Jessie May Trust
Report of the Trustees for the Year Ended 31 March 2023
ACHIEVEMENT AND PERFORMANCE
Fundraising and Fundraising activities
During the budget year 2022-23, the Fundraising Team at Jessie May raised an amazing £1,685,600. We have seen our loyal supporters starting to hold events, take part in challenges and corporate giving increase as the world returns to business as usual after Covid-19 restrictions. However, the year has not been without its challenges, primarily due to the economic uncertainty surrounding Brexit and the cost-of-living crisis that continues to impact areas of fundraising.
Corporate partnerships income : Throughout 2022-23 we were grateful for the ongoing support from World Snooker who have supported us in numerous ways, and we continue to be their chosen charity. Carite/UK Motorbuyer continued their monthly support of donating a set amount for each car purchased. A-Gas held events in their offices to help raise money and raise awareness which was fantastic. Another year of being supported by Castle Combe Steam Rally as the show returned for the first time since Covid-19 and we received our biggest donation from them to date. Barcan & Kirby selected Jessie May as their charity of the year and raised over £10,000, and our Caring at Work partners also worked hard to support us. Overall, a fantastic year for Jessie May partnerships - without them it would be impossible.
Individual Giving income : This area of fundraising is in its third year of performing and has been slightly affected by the cost-of-living crisis that the nation has suffered - as can be seen by the slower return to unsolicited activities (donations, In Memory and Regular Giving) and the lower response to the Christmas Appeal. A huge thank you to the wonderful members of the public who have generously supported us in the last year, by playing our lottery, donating to one of our cash appeals or setting up a monthly direct debit. And another big thank you to those who kindly remembered Jessie May in their wills; we received two significant legacies in the last year.
Trusts and grants income : Trusts and Foundations' have continued to be extremely generous, and we have been supported by both long-term partners and those supporting Jessie May for the first time. This includes The True Colours Trust, The Matchroom Charitable Foundation and Raise Your Hands. We know that Trusts and Foundations are facing increased demand on their funding from across the charity sector and as a result we have seen a drop in grant income this year, so we really appreciate every organisation and decision-maker who has been able to support the Jessie May children and families in these tough economic times. Thank you so much.
Community and events income : We have seen a fantastic increase in community and events this year, with the number of available events increasing and a lot more support from the wider community. Theo's Stomp was back for another year as well as the Portishead Santa's Grotto. Portishead Cycling Club took on a huge incline challenge throughout the whole month of March and the 12 Challenge series started, organised by our Ambassador Lloyd Kembrey; he is completing at least one challenge every month for a year along with a team of friends. It was our most successful Sodbury Slog yet, with a team of 17 taking part and over £6000 income from the event. We also held our first Grand Ball in over a decade. It took place in March and made £18,000. The launch of our fundraising pack has also helped communities and individuals see how they can fundraise for Jessie May. We have loved seeing so many people get involved in supporting Jessie May and are looking forward to continuing to work with a lot of them in the coming year.
Volunteers : The support of volunteers is extremely important now and, in the future, to enable us to increase the profile and fundraising of Jessie May. We will look at developing volunteer roles to support our events and our engagement within communities in the best way for the current climate.
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The Jessie May Trust
Report of the Trustees for the Year Ended 31 March 2023
ACHIEVEMENT AND PERFORMANCE
Statutory income : Jessie May has continued to receive funding through NHS Bristol, North Somerset, and South Gloucestershire Integrated Care Board. This funding contributes to the care we provide at home and in the community. The contract received a 4.1% increase on 2022-23 grant amount. Jessie May continues to receive a grant from the Children's Hospice Grant funded directly by NHS England as a contribution to the operating costs of the children's hospice in the delivery of clinical palliative care to children and young people. We received a 23% increase on the 2022-23 amount. This money was fully spent in accordance with the purposes of the grant. Statutory funding contributes 18.2% of our overall income required to run the service.
Compliance with fundraising regulations
Jessie May undertakes fundraising activity via the support of volunteers fundraising in the community, applying to, and partnering with companies and grant giving trusts, holding appeals and organising events. Jessie May is registered with the Fundraising Regulator and members of the Chartered Institute of Fundraising and all fundraising is carried out in accordance with the Fundraising Code of Practice.
In accordance with The Charities Act 2011, Jessie May updated its ethical fundraising policy to protect vulnerable people and members of the public whilst undertaking fundraising activity.
Jessie May received two complaints about its fundraising activity during the reporting period. Jessie May has a clear complaints process detailed on the website to ensure that any complaint is managed fairly, with sensitivity and is transparent. In this instance the complaint was resolved quickly through email communication.
Information on Fundraising Agreements with Third Parties (As required by the Charities Act 2016)
Jessie May has continued to work with Local Hospice Lottery, a hospice lottery provider (a wholly owned subsidiary of Farleigh Hospice). Activities from both initiatives were monitored by Jessie May through regular meetings.
One complaint was received through the Local Hospice Lottery for 2022-23. The Local Hospice Lottery adheres to the Institute of Fundraising guidelines for dealing with vulnerable people.
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The Jessie May Trust
Report of the Trustees for the Year Ended 31 March 2023
FINANCIAL REVIEW
Financial position
This year we made a surplus of £413,177. This, added to our reserves of £1,242,025 on 31st March 2023, means we now hold reserves of £1,655,202. The surplus was achieved by two substantial legacies totalling £768,000. One legacy has a restriction to supporting oncology children and we anticipate will be spent over the next five years.
Overall, for every £1.00 raised we spent 59p on supporting children and families, 31.4p on raising funds and 9.6p on governance and running costs. The amount we are able to spend on delivering support to children and families would be severely reduced if we did not also invest and spend on fundraising.
Our new 5 year strategy aims to increase the level of care that we provide to the most vulnerable children and to extend the services we provide. Last year we designated funds to achieve the strategy in specific areas:
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Recruitment of additional nurses to support the Starling Service.
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Additional salary costs of the nursing team because of increases to NHS salaries and a cost-of-living salary increase for Jessie May staff of 5%.
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Added capacity to family engagement, adding staff hours to the planning and organisation of family engagement events and activities.
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Invested in community fundraising to reflect the change in appetite for people wanting to get back to fundraising through events such as marathons and other local mass participation events.
Reserves policy
The Trustees reviewed the reserves policy last year and now aim to maintain a minimum of 6 months unrestricted expenditure in reserve. The Trustees are happy that the reserves are within policy and have decided to leave at 6 months for the next 12 months. The Trustees will continue to monitor the reserves position as part of our ongoing risk management.
Going concern
The Trustees believe that the charity remains a going concern. The recovery from Covid-19 and the current cost of living crisis has had an impact on some areas of funding and fundraising and the Trustees have been working closely with the Senior Leadership Team to identify, assess and mitigate any risks as we recover from the last few years. We are investing the charity in the next year as we realise that to achieve our strategy fundamental foundations need to be put in place. Substantial legacies in the last two years mean that we can designate our funds to do this. We have a five-year budget in place to support the strategy.
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The Jessie May Trust
Report of the Trustees
for the Year Ended 31 March 2023
FUTURE PLANS
We launched our strategy, 'No Place Like Home' in 2022. At the heart of it is our commitment to support more children and their families, providing quality palliative care at home. To do this, we have six priority areas that the strategy is divided into:
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24/7 End of Life Nursing Support: Providing 24/7 care and support at end of life, in partnership with other service providers.
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Children & Family Services: Expanding the amount and range of care and support services to children and families.
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Children & Family Involvement: Involving children and families in shaping the services we provide and ensure that their voice is heard and that families are supported and empowered to do so.
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Influencing: Becoming a prominent voice for children's hospice care at home, ensuring that the voice of children and their families are heard and influence the national children's palliative care agenda services locally, regionally, and nationally.
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Sustainable Fundraising: Investing in new and innovative ways of generating income to sustain the service.
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People: Investing in our people to increase our skill base and to ensure high levels of staff satisfaction and retention.
Designation of funds 2023-24
To achieve our strategy, we are budgeting to designating from our reserves to the value of £550,598 in the following areas:
o More nursing hours: Adding capacity to the nursing team to continue to increase our offer to children and families.
o Nurse led service: We are committed to ensuring that our care offer is nurse led and have a full-time Director of Care joining the Senior Leadership Team.
o Family engagement: A new Family Engagement Officer will increase our engagement with families to ensure that Jessie May continues to be shaped by families.
o Finance: We will be investing in a new finance system and have created a new Head of Finance within the team.
o Impact and evaluation: We will be working with an external body to carry out an impact and economic evaluation of Jessie May.
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The Jessie May Trust
Report of the Trustees for the Year Ended 31 March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Governance Structure
The Trustee Board meets on a quarterly basis. There are four Sub Committees of the Board: Quality Assurance; Finance & Resources; Fundraising & Communications; and Project Oversight. Each of the Committees includes Trustees and other members of Senior Leadership Team as appropriate. The Quality Assurance Committee also has representatives from the Bristol Children's Hospital.
Management Structure and arrangements for setting their pay
Day-to-day management of the charity is delegated by the Trustees to Chief Executive, Mr Daniel Cheesman (from 15th August 2022).Daniel is supported by a Senior Leadership Team comprising the three department heads from Care, Fundraising and Administration.
Pay and remuneration of the charity's key management personnel are set by the Remuneration Committee, which considers these on an annual basis each April. Consideration is given to awarding staff Cost of Living Awards (CoLA) taking into account published figures for the Retail and Consumer Prices Index (RPI, CPI). Trustees also benchmark salaries every three years against comparative charities through specialist recruitment agencies and membership organisations such as Together for Short Lives and the National Council for Voluntary organisations, of which Jessie May is a member.
Principal risks, uncertainties and managing risk
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Senior Leadership Team and the Board of Trustees regularly review organisational risks and how to negate or reduce these risks as best possible. This is achieved through the Jessie May Risk Register. The risks which have been monitored by the Board of Trustees have of course moved and evolved at various points throughout the reporting period. The main strategic-level risks during this period have been:
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Succession planning: Our CEO retiring after 18 years was a significant risk to the charity for several reasons: organisational change, loss of organisational knowledge, and external relationships. To mitigate the risk, we worked with a recruiter to find the right candidates to be interviewed for the post. A transitional handover between CEOs was managed and we commissioned a consultant to work with us on work with the statutory sector. This not only ensure that we did not have a knowledge gap, but also meant that we have identified new potential opportunities to working with the statutory sector.
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Service quality and safety: As a healthcare charity, the safety and welfare of our families is of paramount importance; particularly as we are working with vulnerable children, often with complex clinical and social needs. This risk is mitigated through regular communication with partnership organisations (including UHBW, other children's hospices, Together for Short Lives (TfSL), Hospice UK, reviewing policies and procedures, staff training and supervision, internal audit, robust incident investigation processes, and other actions as detailed in our Clinical Governance Framework and Safeguarding Policy.
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The Jessie May Trust
Report of the Trustees for the Year Ended 31 March 2023
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Governance and leadership: It is recognised that risks can be successfully managed if good governance and leadership is in place at leadership and operational levels. Improved Trustee training on recruitment and ongoing support are measures to improve governance and mitigate risk. It is also important to us that we have parent Trustees on the board; this ensures that we have individuals with 'lived experience' of children's palliative care at Board level.
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National nursing recruitment shortage: There is a national shortage of nurses within the UK and palliative care nurses are even more challenging to recruit. The nursing retention rates are Jessie May are good and we continually look at our offer to ensure that we are a desirable place to work.
Recruitment, Appointment, Induction and Training of Trustees
The composition of the Trustee Board is under regular review to ensure that there is a balance of skills and experience. Trustees serve a term of 3 years, which is renewable. Trustees are usually recruited by word-of-mouth, although more recently we have been approached by supporters offering to become Trustees. Applicants are provided with information which includes a history of the organisation, details of the governing document, finances, activities and objectives, together with the role and responsibilities of a Trustee. Successful applicants are appointed by the Board. The induction process includes meetings with other Trustees, Chief Executive, and members of the Fundraising and Care teams. Where possible arrangements are made for new Trustees to accompany nurses on visits to families. Trustees are encouraged to attend meetings of the Clinical Governance Committee and family social events. There is also representation at staff away days which happen twice a year.
PUBLIC BENEFIT
The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the charity.
HISTORY
The Jessie May Trust was established by Chris and Philippa Purrington, following the death of their baby daughter Jessica, in September 1994. Jessica died from a genetic condition known as severe Spinal Muscular Atrophy when she was only 4½ months old.
Whilst the family were visiting relatives in Bristol, Jessica was admitted to Southmead Hospital. It was here that the family learnt that the support they had received back at home in High Wycombe was not available to families caring for their child at home in the Bristol area.
Jessica was cared for by her family at home throughout her illness. She died peacefully at home in her father's arms, in privacy, with dignity, and surrounded by all those who loved her.
Jessica's parents were determined to do what they could to enable other children with conditions like Jessica's and their families to have support in their own homes and the choice to die at home when that time comes. After a lot of hard work and perseverance, initial funding was secured, and the service launched in 1996.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04118341 (England and Wales)
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The Jessie May Trust
Report of the Trustees for the Year Ended 31 March 2023
Registered Charity number
1086048
Registered office
35 Old School House Kingswood Foundation Estate Britannia Road Bristol Avon BS15 8DB
Trustees
Elizabeth Robinson, Chair (appointed 16.11.20) Anna Graham (appointed 22.02.16) Tamsin Woodbridge (appointed 08.06.20) Miranda Mcginn (appointed 08.06.20) Laura Mcarthur (appointed 17.02.20) Michael Legge (appointed 17.02.20) Thomas Broad (resigned 05.09.22) Thomas Selman (appointed 16.11.20) Emma Headings (appointed 22.11.21) Tracey McCarthy (appointed 10.01.23) James Veysey (appointed 27.02.23)
Company Secretary
Rebecca Sheehy
Auditors
Moore Chartered Accountants and Statutory Auditor 6th Floor Whitefriars Lewins Mead Bristol BS1 2NT
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of The Jessie May Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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The Jessie May Trust
Report of the Trustees for the Year Ended 31 March 2023
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Moore, will be proposed for re-appointment at the forthcoming Annual General Meeting.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 26/09/2023 and signed on its behalf by:
Elizabeth Robinson - Chair
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Report of the Independent Auditors to the Members of The Jessie May Trust
Opinion
We have audited the financial statements of The Jessie May Trust (the 'charitable company') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, 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 (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
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 charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'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 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.
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 Report of the Independent Auditors 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 this gives rise to a material misstatement in the financial statements themselves. 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.
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Report of the Independent Auditors to the Members of The Jessie May Trust
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the 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 Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, 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 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 charitable company or to cease operations, or have no realistic alternative but to do so.
Page 15
Report of the Independent Auditors to the Members of The Jessie May Trust
Our 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 a Report of the Independent Auditors 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.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Explanation as to what extent the audit was considered capable of detecting irregularities, including
fraud
The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company.
Our approach was as follows:
We obtained an understanding of the legal and regulatory requirements applicable to the company and considered that the most significant are the Companies Act 2006, Charities Act 2011, UK Financial Reporting Standards and UK taxation legislation.
We obtained an understanding of how the company complies with these requirements by discussions with management and those charged with governance.
We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.
We inquired of management and those charged with governance as to any known instances of non-compliance or suspected non-compliance with laws and regulations.
Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required.
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 Report of the Independent Auditors.
Page 16
Report of the Independent Auditors to the Members of The Jessie May Trust
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 the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Mark Powell (Senior Statutory Auditor) for and on behalf of Moore
Chartered Accountants and Statutory Auditor 6th Floor Whitefriars Lewins Mead Bristol BS1 2NT
Date: 27 September 2023
Page 17
The Jessie May Trust
Statement of Financial Activities for the Year Ended 31 March 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3 Charitable activities 5 Provision of care services Other trading activities 4 Total EXPENDITURE ON Raising funds 6 Charitable activities 7 Provision of care services Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 831,678 158,628 - 990,306 466,983 618,564 1,085,547 (208) (95,449) 1,237,636 1,142,187 |
Restricted funds £ 550,150 145,144 - 695,294 - 186,668 186,668 - 508,626 4,389 513,015 |
31.3.23 Total funds £ 1,381,828 303,772 - 1,685,600 466,983 805,232 1,272,215 (208) 413,177 1,242,025 1,655,202 |
31.3.22 Total funds £ 1,038,798 266,674 13 1,305,485 354,786 684,361 1,039,147 168 266,506 975,519 1,242,025 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 18
The Jessie May Trust
Balance Sheet
31 March 2023
| Notes FIXED ASSETS Intangible assets 12 Tangible assets 13 Investments 14 CURRENT ASSETS Debtors 15 Cash at bank and in hand CREDITORS Amounts falling due within one year 16 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 18 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted funds £ 58,616 9,614 834 69,064 293,749 910,591 1,204,340 (131,217) 1,073,123 1,142,187 1,142,187 |
Restricted funds £ - - - - - 513,015 513,015 - 513,015 513,015 513,015 |
31.3.23 Total funds £ 58,616 9,614 834 69,064 293,749 1,423,606 1,717,355 (131,217) 1,586,138 1,655,202 1,655,202 1,142,187 513,015 1,655,202 |
31.3.22 Total funds £ 75,772 15,428 1,042 92,242 56,297 1,207,510 1,263,807 (114,024) 1,149,783 1,242,025 1,242,025 1,237,636 4,389 1,242,025 |
|---|---|---|---|---|
The notes form part of these financial statements
continued...
Page 19
The Jessie May Trust
Balance Sheet - continued
31 March 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 26/09/2023 and were signed on its behalf by:
Elizabeth Robinson - Chair
Miranda McGinn - Trustee
The notes form part of these financial statements
Page 20
The Jessie May Trust
Cash Flow Statement
for the Year Ended 31 March 2023
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of intangible fixed assets Purchase of tangible fixed assets Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31.3.23 £ 217,962 217,962 - (1,866) (1,866) 216,096 1,207,510 1,423,606 |
31.3.22 £ 277,207 277,207 (85,780) (6,001) (91,781) 185,426 1,022,084 1,207,510 |
|---|---|---|
The notes form part of these financial statements
Page 21
The Jessie May Trust
Notes to the Cash Flow Statement for the Year Ended 31 March 2023
| 1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.23 £ Net income for the reporting period (as per the Statement of Financial Activities) 413,177 Adjustments for: Depreciation charges 24,836 Losses/(gain) on investments 208 Increase in debtors (237,452) Increase in creditors 17,193 Net cash provided by operations 217,962 2. ANALYSIS OF CHANGES IN NET FUNDS At 1.4.22 Cash flow £ £ Net cash Cash at bank and in hand 1,207,510 216,096 1,207,510 216,096 Total 1,207,510 216,096 |
31.3.22 £ 266,506 15,622 (168) (6,643) 1,890 277,207 At 31.3.23 £ 1,423,606 1,423,606 1,423,606 |
|---|---|
The notes form part of these financial statements
Page 22
The Jessie May Trust
Notes to the Financial Statements for the Year Ended 31 March 2023
1. GENERAL INFORMATION
The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office can be found on the administrative information on page 12.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Going Concern
The Trustees believe that the charity remains a going concern. The recovery from Covid-19 and the current cost of living crisis has had an impact on some areas of funding and fundraising and the Trustees have been working closely with the Senior Leadership Team to identify, assess and mitigate any risks as we recover from the last few years. We are investing the charity in the next year as we realise that to achieve our strategy fundamental foundations need to be put in place. Substantial legacies in the last two years mean that we can designate our funds to do this. We have a five-year budget in place to support the strategy.
The Board of Trustees considers that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, it continues to adopt the going concern basis in preparing the financial statements.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable 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.
Intangible fixed assets
Computer software development costs are capitalised at cost and amortised over the software's estimated useful life of five years.
Tangible fixed assets
Tangible capital items such as office furniture and computer equipment are capitalised at cost and depreciated on a straight line basis over their estimated useful lives of 3-5 years.
continued...
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The Jessie May Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
2. ACCOUNTING POLICIES - continued
Tangible fixed assets
Leasehold improvements are depreciated over the length of the lease.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds 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.
Volunteers and donated services and facilities
During the year numerous volunteers provided fundraising assistance (all unpaid).
Investment Income
All of the Charity's investment income arises from its interest bearing current and deposit accounts held within the UK.
Pension costs and other post-retirement benefits
The company pays defined contributions directly into the personal pension plans for certain staff members. Contributions payable are charged in the Statement of Financial Activities.
The company also pays a superannuation fee to the NHS in relation to the pension for the care team nurses. This is charged at 14% of the nurse's gross salary.
3. DONATIONS AND LEGACIES
| Donations Investment income |
31.3.23 £ 1,379,091 2,737 1,381,828 |
31.3.22 £ 1,038,727 71 1,038,798 |
|---|---|---|
continued...
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The Jessie May Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
| 4. OTHER TRADING ACTIVITIES Trading Income 5. INCOME FROM CHARITABLE ACTIVITIES Activity CCH Income Provision of care services Department of Health Income Provision of care services 6. RAISING FUNDS Staff costs General office Legal & other professional fee Supplies 7. CHARITABLE ACTIVITIES COSTS Staff costs Staff support costs General office Supplies Information technology |
31.3.23 £ - 31.3.23 £ 158,628 145,144 303,772 31.03.23 £ 298,185 98,130 41,527 29,141 466,983 31.03.23 £ 648,989 27,812 103,547 8,242 16,642 805,232 |
31.3.22 £ 13 31.3.22 £ 148,566 118,108 266,674 31.03.22 £ 281,932 49,109 16,819 6,926 354,786 31.03.22 £ 577,659 26,350 55,996 4,750 19,606 684,361 |
|
|---|---|---|---|
continued...
Page 25
The Jessie May Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
8. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.3.23 | 31.3.22 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 7,680 | 5,614 |
| Computer software amortisation | 17,156 | 10,008 |
| Auditors' remuneration | 6,000 | 5,520 |
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
10. STAFF COSTS
| 2023 Wages and salaries Social security costs Pensions |
Fundraising & Publicity £ 260,821 25,008 12,356 298,185 |
Charitable Activities £ 622,024 12,908 6,369 641,301 |
Governance £ 6,787 683 218 7,688 |
Total £ 889,632 38,599 18,943 947,174 |
|---|---|---|---|---|
| 2022 Wages and salaries Social security costs Pensions |
Fundraising & Publicity £ 248,888 22,400 10,644 281,932 |
Charitable Activities £ 559,183 10,679 5,504 575,366 |
Governance £ 2,040 194 59 2,293 |
Total £ 810,111 33,273 16,207 |
|---|---|---|---|---|
| 859,591 |
All the nurses are employed by the NHS with the Trust selecting the nurses that are on the core team. The NHS then recharge the Trust on a monthly basis for the salary costs of these nurses. The cost of this in 2023 was £457,715 (2022 : £430,463).
continued...
Page 26
The Jessie May Trust
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
10. STAFF COSTS - continued
The average monthly number of employees during the year was as follows: All staff - full time & part time
| Admin/Governance Fundraising Care team (including NHS nurses) |
2023 1 7 16 25 |
2022 4 6 17 |
|---|---|---|
| 27 |
The number of employees whose employee benefits (excluding pension costs) exceeded £60,000 was:
| was: | ||
|---|---|---|
| 2023 | 2022 | |
| £60,001-£70,000 | - | 1 |
Key management personnel: the total amount of employee benefits received by key management personnel is £131,912 (2022:£122,899).
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Provision of care services Other trading activities Total EXPENDITURE ON Raising funds Charitable activities Provision of care services Total Net gains on investments NET INCOME/(EXPENDITURE) |
Unrestricted funds £ 800,690 266,674 13 1,067,377 209,175 566,253 775,428 168 292,117 |
Restricted funds £ 238,108 - - 238,108 145,611 118,108 263,719 - (25,611) |
Total funds £ 1,038,798 266,674 13 1,305,485 354,786 684,361 1,039,147 168 266,506 |
|---|---|---|---|
continued...
Page 27
The Jessie May Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
| 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds funds £ £ RECONCILIATION OF FUNDS Total funds brought forward 945,519 30,000 TOTAL FUNDS CARRIED FORWARD 1,237,636 4,389 12. INTANGIBLE FIXED ASSETS COST At 1 April 2022 and 31 March 2023 AMORTISATION At 1 April 2022 Charge for year At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 |
Total funds £ 975,519 1,242,025 Computer software £ 85,780 10,008 17,156 27,164 58,616 75,772 |
|---|---|
continued...
Page 28
The Jessie May Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
13. TANGIBLE FIXED ASSETS
| Improvements to Fixtures property & fittings £ £ COST At 1 April 2022 16,869 18,551 Additions - - At 31 March 2023 16,869 18,551 DEPRECIATION At 1 April 2022 16,869 18,551 Charge for year - - At 31 March 2023 16,869 18,551 NET BOOK VALUE At 31 March 2023 - - At 31 March 2022 - - Specialist Computer equipment equipment £ £ COST At 1 April 2022 3,286 35,972 Additions - 1,866 At 31 March 2023 3,286 37,838 DEPRECIATION At 1 April 2022 3,286 20,544 Charge for year - 7,680 At 31 March 2023 3,286 28,224 NET BOOK VALUE At 31 March 2023 - 9,614 At 31 March 2022 - 15,428 |
Specialist Toys £ 593 - 593 593 - 593 - - Totals £ 75,271 1,866 77,137 59,843 7,680 67,523 9,614 15,428 |
|---|---|
continued...
Page 29
The Jessie May Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
| 14. FIXED ASSET INVESTMENTS MARKET VALUE At 1 April 2022 Revaluations At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 There were no investment assets outside the UK. Cost or valuation at 31 March 2023 is represented by: Valuation in 2023 The investment held by the charity is 572 shares with BT PLC. 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments |
Listed investments £ 1,042 (208) 834 834 1,042 Listed investments £ 834 31.3.23 31.3.22 £ £ 278,756 40,881 14,993 15,416 293,749 56,297 |
|---|---|
continued...
Page 30
The Jessie May Trust
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Other creditors Accruals and deferred income |
31.3.23 £ 15,936 13,323 101,958 131,217 |
31.3.22 £ 89,639 12,299 12,086 114,024 |
|---|---|---|
17. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Within one year Between one and five years |
31.3.23 £ 25,722 2,160 27,882 |
31.3.22 £ 23,920 - 23,920 |
|---|---|---|
continued...
Page 31
The Jessie May Trust
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
18. MOVEMENT IN FUNDS
| Unrestricted funds General fund Unrestricted Designated Fund Restricted funds Brownsword Charitable Foundation Lillie Johnson Charitable Trust Michael Watson Charitable Trust The Bernays Trust Alliance Family Foundation Burges Salmon Trust The Rest-Harrow Trust VWV Charitable Trust Michael & Anna Wix Trust Blair Foundation Sir James Roll Trust Henriques Griffiths Solicitors Richard Davies Charitable Foundation Penelope Gluckstein Trust Gordon Family Charitable Trust Alan Jenkins Stokes Memorial Trust Thomas Curtis Charitable Trust Honourable ML Astor's 1969 Charity Chandris Foundation TOTAL FUNDS |
At 1.4.22 £ 925,636 312,000 1,237,636 4,389 - - - - - - - - - - - - - - - - - - 4,389 1,242,025 |
Net movement in funds £ (95,449) - (95,449) (4,389) 365 1,000 500 250 500 200 600 200 3,000 1,250 500,000 3,000 500 200 500 200 250 500 508,626 413,177 |
Transfers between funds £ (238,598) 238,598 - - - - - - - - - - - - - - - - - - - - - - |
At 31.3.23 £ 591,589 550,598 1,142,187 - 365 1,000 500 250 500 200 600 200 3,000 1,250 500,000 3,000 500 200 500 200 250 500 513,015 1,655,202 |
|---|---|---|---|---|
continued...
Page 32
The Jessie May Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
18. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Department of Health John James Bristol Foundation The February Foundation Anonymous Brownsword Charitable Foundation St Christophers Trust Lillie Johnson Charitable Trust Michael Watson Charitable Trust The Bernays Trust Alliance Family Foundation Burges Salmon Trust The Rest-Harrow Trust VWV Charitable Trust Michael & Anna Wix Trust Blair Foundation Sir James Roll Trust Henriques Griffiths Solicitors Richard Davies Charitable Foundation Penelope Gluckstein Trust Gordon Family Charitable Trust Alan Jenkins Stokes Memorial Trust Thomas Curtis Charitable Trust Honourable ML Astor's 1969 Charity Chandris Foundation TOTAL FUNDS |
Incoming resources £ 990,306 145,144 25,000 5,000 5,000 - 2,000 500 1,000 500 250 500 200 600 200 3,000 1,250 500,000 3,000 500 200 500 200 250 500 695,294 1,685,600 |
Resources expended £ (1,085,547) (145,144) (25,000) (5,000) (5,000) (4,389) (2,000) (135) - - - - - - - - - - - - - - - - - (186,668) (1,272,215) |
Gains and losses £ (208) - - - - - - - - - - - - - - - - - - - - - - - - - (208) |
Movement in funds £ (95,449) - - - - (4,389) - 365 1,000 500 250 500 200 600 200 3,000 1,250 500,000 3,000 500 200 500 200 250 500 508,626 413,177 |
|---|---|---|---|---|
continued...
Page 33
The Jessie May Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
18. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Unrestricted Designated Fund Restricted funds John James Bristol Foundation The Toy Trust Brownsword Charitable Foundation TOTAL FUNDS |
At 1.4.21 £ 508,519 437,000 945,519 25,000 5,000 - 30,000 975,519 |
Net movement in funds £ 292,117 - 292,117 (25,000) (5,000) 4,389 (25,611) 266,506 |
Transfers between At funds 31.3.22 £ £ 125,000 925,636 (125,000) 312,000 - 1,237,636 - - - - - 4,389 - 4,389 - 1,242,025 |
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Department of Health John James Bristol Foundation The February Foundation The Toy Trust Brownsword Charitable Foundation Kentown Wizard Foundation The James Tudor Foundation TOTAL FUNDS |
Incoming resources £ 1,067,377 118,108 - 5,000 - 5,000 100,000 10,000 238,108 1,305,485 |
Resources expended £ (775,428) (118,108) (25,000) (5,000) (5,000) (611) (100,000) (10,000) (263,719) (1,039,147) |
Gains and losses £ 168 - - - - - - - - 168 |
Movement in funds £ 292,117 - (25,000) - (5,000) 4,389 - - (25,611) 266,506 |
|---|---|---|---|---|
February Foundation - restricted to delivery of hospice at home in Swindon and Wiltshire. Anonymous - restricted to palliative care to support terminally ill children and their families. The Toy Trust - restricted to service delivery.
John James Bristol Foundation - restricted to costs in Bristol.
Brownsword Charitable Foundation - restricted to nurse salaries in BANES.
continued...
Page 34
The Jessie May Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
18. MOVEMENT IN FUNDS - continued
The James Tudor Foundation - restricted to specialist children's palliative care nurse. Kentown Wizard Foundation - restricted to nurse salaries.
Department of Health - restricted to the operating costs of the children's hospice in the delivery of clinical palliative care to children and young people.
Henriques Griffiths Solicitors - restricted to the provision of care for oncology children.
Designated Funds:
£550,598 has been designated towards investment in future fundraising and increasing care provision.
19. RELATED PARTY DISCLOSURES
The Trust has considered the disclosure requirements of the Statement of Recommended Practice for Charities and of FRS 102 and believes that the following related party transaction requires disclosure:
Tom Selman is a Trustee of The Jessie May Trust and a director of Panoramic Associates. During the year Panoramic Associates provided recruitment services with a value of £19,230 (2022 - £nil).
20. ULTIMATE CONTROLLING PARTY
The Trust is controlled by the Board of Trustees.
Page 35