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2020-09-29-accounts

REGISTERED COMPANY NUMBER: 04361870 (England and Wales) REGISTERED CHARITY NUMBER: 1093100

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 SEPTEMBER 2020

FOR

LOUTH & DISTRICT HOSPICE LIMITED

Dexter & Sharpe (Louth) Chartered Certified Accountants

1 Eastgate Louth Lincolnshire LN11 9NB

LOUTH & DISTRICT HOSPICE LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2020

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 17
Detailed Statement of Financial Activities 18 to 19

LOUTH & DISTRICT HOSPICE LIMITED

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 29 SEPTEMBER 2020

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 29 September 2020. 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's objects as stated in its governing documents are:

To relieve those persons in the Louth and District area without limitations race, gender, disability, age, class or beliefs who are suffering from a life-threatening or terminal illness by the provision of such services otherwise not provided by the Local Health Authority; and to relieve the stresses experienced by the families, carers and friends in their caring for such persons.

The policy adopted in furtherance of these objectives is that of sound financial management to ensure the availability of the necessary funds to enable the charity to continue its development.

We aim to support specialised care for patients with severe and progressive diseases.

Our commitment is to improve the quality of life of patients whilst extending care and support to their relatives.

Our mission is to work in collaboration with healthcare partners to develop, influence and provide flexible specialist services that meets the needs of people with life-threatening illnesses. Our services will be shaped in response to changing demands and based on the best available evidence.

Our vision is that all adults in our local community living with life-limiting illnesses will have access to the best possible palliative care that is appropriate to their needs.

Page 1

LOUTH & DISTRICT HOSPICE LIMITED

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 29 SEPTEMBER 2020

OBJECTIVES AND ACTIVITIES

Significant activities

The charity continues to support the provision of palliative care facilities and services in the East Lindsey area.

Hospice project

We completed the construction and formally opened the hospice building in 2013, and this was then leased to St Barnabas who provide palliative care services to the local community. During the previous year to September 2019 the Trustees and the Board took the decision to transfer the building to St Barnabas, this being in line with the charitable objectives of the charity. This was agreed at a general meeting and the transfer took place on 7 May 2019. The transfer of the building is included in last years expenditure on charitable activities.

Home Support Service

The charity is committed to continuing to provide a home support service free at the point of use in the East Lindsey area. Again this service is for the benefit of those people with life-threatening or terminal illnesses who might not wish to use a day care facility or who need assistance at other times of the day. The charity has previously used Aged UK, but they have ceased to provide these services in March 2020. The charity will look to source another provider to continue this work.

Still Me Project

The Still Me dementia support project is delivered into the local community by Magna Vitae and Louth & District Hospice Limited. The aim is to significantly improve the experiences of people affected by dementia and other life-altering conditions.

Public benefit

The Trustees confirm that they have consulted the guidance issued by the Charity Commission in connection with public benefit and have applied that guidance in looking at both the activities which the charity currently undertakes, and any future activities which the charity might wish to carry out in accordance with its objectives.

Grantmaking

The charity does not as a rule make grants but it would support the further training of health care professionals in palliative care if required and the Trustees were satisfied that that training would be used in the area of benefit.

Volunteers

The charity itself functions with the minimum number of part time unpaid staff and has an Administrator and a Book-keeper to deal with day to day enquiries, accounts and correspondence. The contribution made therefore by the charity's volunteers is invaluable both in terms of keeping the charity running, but also in terms of fundraising and keeping up the profile of the charity in the local community.

Page 2

LOUTH & DISTRICT HOSPICE LIMITED

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 29 SEPTEMBER 2020

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Louth and District Hospice is a community service for the Louth area providing facilities for free care and support to people affected by life-limiting illnesses with complex needs. The holistic care offered covers physical, psychological, social and spiritual needs.

Throughout the year we have maintained the values which are the essence of our care.

The charity has continued to fund raise throughout the year to provide funds to support individuals with life limiting illnesses. If funds allowed there could be a significantly greater take up of Home Support Services.

Fundraising activities

Donations and legacies for the year were £7,243 (2019 £6,371). Fundraising events income during the year totalled £8,695 (2019 £10,314). Individuals, local businesses and a multitude of charitable trusts and organisations have once again committed their support throughout the year.

Internal and external factors

The unpaid staff are rewarded by giving them recognition and providing opportunities for development. We ensure that every person is given equal opportunities by our policies and practices.

FINANCIAL REVIEW

Financial position

Overall the charity has had net expenditure in the year of £77,123 ( 2019 - £765,648 of which the building donated to St Barnabas accounted for £674,75).

Principal funding sources

Louth and District Hospice is only able to provide its services thanks to local fundraising, donations and legacies. We remain conscious of the fluctuating nature of such income and therefore continue to invest in active management and marketing in this area.

Reserves policy

The Board had reviewed its reserves policy and has agreed that unrestricted reserves should be a minimum of 12 months future net charitable expenditure as budgeted for the ensuing financial year. Based on the year under review, this would be approximately £110,000 when excluding one-off items. The reserves policy is significantly influenced by the dependency on legacies and donations, together with fundraising and events income which by their very nature are volatile, as well as by the desire to maintain continuity of care.

The Board reviews the investment policy and to date the charity has not appointed investment managers to manage its funds.

Decisions regarding other investments, such as property, are made by the Board as a whole after having taken advice from professional advisors.

During the previous year an ongoing legal matter was resolved, and the provision made in prior years for this was released, this has had the effect of reducing the support costs shown in the year to 29 September 2019 by £10,650.

Page 3

LOUTH & DISTRICT HOSPICE LIMITED

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 29 SEPTEMBER 2020

FUTURE PLANS

We will review / evaluate the management of our Home Support Services to develop a better and more efficient service.

We remain critically aware of our reliance on donations, fundraising and legacies and the uncertainty which they bring. Therefore the search for further funding will continue.

To continue to work in partnership with current partners to facilitate the provision of care services to those people with life limiting illnesses.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity is constituted as a company limited by guarantee and is controlled by its Memorandum and Articles of Association.

Recruitment and appointment of new trustees

At present, the Board as a whole leads the process of Trustee appointments, recruiting new Trustees based on an evaluation of the balance of diverse skills and experience needed to govern the hospice and its activities. The current Trustees would like to augment the number of Trustees with suitably qualified individuals.

Trustees are listed in the accounts. In line with past practice, all Trustees offer themselves for re-election at the forthcoming Annual General Meeting. New Trustees are co-opted by the Board and their appointment confirmed by the members at the Annual General Meeting.

Organisational structure

The Board is ultimately responsible for major management and policy decisions.

The Charity is manned and run on a day to day basis by unpaid volunteers supported by an Administrator in the office. The Board of Trustees is also made up of unpaid volunteers who play a vital role in the continued smooth running of the Charity.

Induction and training of new trustees

An induction programme is offered to all new Trustees to ensure that they are aware of the Charity's objectives, strategies and activities, and their responsibilities as Trustees.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04361870 (England and Wales)

Registered Charity number

1093100

Page 4

LOUTH & DISTRICT HOSPICE LIMITED

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 29 SEPTEMBER 2020

Registered office

9 Cornmarket LOUTH Lincolnshire LN11 9PY

Trustees

D R Crombleholme Mrs D A Stephenson H J Waumsley

Company Secretary

D R Crombleholme

Independent Examiner

Mr D Johnson AAT Dexter & Sharpe (Louth) Chartered Certified Accountants 1 Eastgate Louth Lincolnshire LN11 9NB

Solicitors

Bridge McFarland 9 Cornmarket Louth Lincolnshire LN11 9PY

BUILDING

The ultimate aim for the hospice was to provide in-patient beds. However the current economic climate militates against the large capital and revenue expenditure that such a scheme would need.

Approved by order of the board of trustees on 28 June 2021 and signed on its behalf by:

D R Crombleholme - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LOUTH & DISTRICT HOSPICE LIMITED

Independent examiner's report to the trustees of Louth & District Hospice Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 29 September 2020.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr D Johnson AAT Dexter & Sharpe (Louth) Chartered Certified Accountants 1 Eastgate Louth Lincolnshire LN11 9NB

28 June 2021

Page 6

LOUTH & DISTRICT HOSPICE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 29 SEPTEMBER 2020

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
Charitable activities
Charitable activities
Other
Hospice project
Home Support Service
Still Me Project
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds

£
7,243
8,695
9,799
25,737
7,513
119
4,445
10,997
15,425
64,361
102,860
(77,123)
477,869
400,746		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
10,000
10,000		 2020
Total
funds
£
7,243
8,695
9,799
25,737
7,513
119
4,445
10,997
15,425
64,361
102,860
(77,123)
487,869
410,746		 2019
Total
funds
£
6,371
10,314
766
17,451
7,357
-
15,628
667,655
33,901
58,558
783,099
(765,648)
1,253,517
487,869

The notes form part of these financial statements

Page 7

LOUTH & DISTRICT HOSPICE LIMITED

BALANCE SHEET

29 SEPTEMBER 2020

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
7
477
CURRENT ASSETS
Stocks
8
200
Debtors
9
6,258
Investments
10
209,000
Cash at bank and in hand
186,634
402,092
CREDITORS
Amounts falling due within one year
11
(1,823)
NET CURRENT ASSETS
400,269
TOTAL ASSETS LESS CURRENT
LIABILITIES
400,746
NET ASSETS
400,746
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
-
10,000
10,000
-
10,000
10,000
10,000		 2020
Total
funds
£
477
200
6,258
209,000
196,634
412,092
(1,823)
410,269
410,746
410,746
400,746
10,000
410,746		 2019
Total
funds
£
682
200
6,490
200,000
288,159
494,849
(7,662)
487,187
487,869
487,869
477,869
10,000
487,869

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2020 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

continued...

Page 8

LOUTH & DISTRICT HOSPICE LIMITED

BALANCE SHEET - continued

29 SEPTEMBER 2020

The trustees acknowledge their responsibilities for

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 28 June 2021 and were signed on its behalf by:

D R Crombleholme - Trustee

The notes form part of these financial statements

Page 9

LOUTH & DISTRICT HOSPICE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 SEPTEMBER 2020

1. 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.

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.

Donations, legacies and other forms of voluntary income are recognised as incoming resources when receivable, except in so far as they are incapable of financial measurement.

Assets given for use by the charity are recognised as incoming resources for the year with the equivalent expenditure included in charitable expenditure. Where the donor intends the assets to be used on a continuing basis the expenditure has been treated as a fixed asset.

Gifts in kind are included at their estimated value. No amounts are included in the financial statements for services donated by volunteers.

Grants are included in income when they are receivable. Grants are considered to be receivable when there is evidence of entitlement, for example when the grant is formally expressed in writing and there are no conditions attached.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Donations, legacies and other forms of voluntary income are recognised as incoming resources when receivable, except in so far as they are incapable of financial measurement.

Assets given for use by the charity are recognised as incoming resources for the year with the equivalent expenditure included in charitable expenditure. Where the donor intends the assets to be used on a continuing basis the expenditure has been treated as a fixed asset.

continued...

Page 10

LOUTH & DISTRICT HOSPICE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 29 SEPTEMBER 2020

1. ACCOUNTING POLICIES - continued

Expenditure

Gifts in kind are included at their estimated value. No amounts are included in the financial statements for services donated by volunteers.

Grants are included in income when they are receivable. Grants are considered to be receivable when there is evidence of entitlement, for example when the grant is formally expressed in writing and there are no conditions attached.

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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Investment

The amount invested is through St James' Place and is a management accumulative investment.

continued...

Page 11

LOUTH & DISTRICT HOSPICE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 29 SEPTEMBER 2020

2.
OTHER TRADING ACTIVITIES
Fundraising events
3.
INVESTMENT INCOME
Deposit account interest
Curr asset inv income		 2020
£
8,695
2020
£
799
9,000
9,799		 2019
£
10,314
2019
£
766
-
766

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2020 2019
£ £
Depreciation - owned assets 205 309
Other operating leases 7,000 9,731
Deficit on disposal of fixed assets - 27

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 29 September 2020 nor for the year ended 29 September 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 29 September 2020 nor for the year ended 29 September 2019.

continued...

Page 12

LOUTH & DISTRICT HOSPICE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 29 SEPTEMBER 2020

6. STAFF COSTS

The average monthly number of employees during the year was as follows:

Charitable activities
There were no employees whose emoluments were £60,000 or more.
TANGIBLE FIXED ASSETS
COST
At 30 September 2019 and
29 September 2020
DEPRECIATION
At 30 September 2019
Charge for year
At 29 September 2020
NET BOOK VALUE
At 29 September 2020
At 29 September 2019		 2020
1

Fixtures
and
Computer
fittings
equipment
£
£
17,653
4,056
17,512
3,515
26
179
17,538
3,694
115
362
141
541		 2019
1
Totals
£
21,709
21,027
205
21,232
477
682

7. TANGIBLE FIXED ASSETS

continued...

Page 13

LOUTH & DISTRICT HOSPICE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 29 SEPTEMBER 2020

8.
STOCKS
Stocks
9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments
10.
CURRENT ASSET INVESTMENTS
Other
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accrued expenses
12.
MOVEMENT IN FUNDS
At
30.9.19
£
Unrestricted funds
General fund
477,869
Restricted funds
Research Fund (see note below)
10,000
TOTAL FUNDS
487,869		 2020
£
200
2020
£
331
5,927
6,258
2020
£
209,000
2020
£
71
1,752
1,823
Net
movement
in funds
£
(77,123)
-
**(77,123) **		 2019
£
200
2019
£
180
6,310
6,490
2019
£
200,000
2019
£
5,982
1,680
7,662
At
29.9.20
£
400,746
10,000
410,746

continued...

Page 14

LOUTH & DISTRICT HOSPICE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 29 SEPTEMBER 2020

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Day Hospital Building Fund (see note
below)
Research Fund (see note below)
TOTAL FUNDS		 Incoming
resources
£
25,737
25,737
At
30.9.18
£
1,225,517
18,000
10,000
28,000
1,253,517		 Resources
expended
£
(102,860)
(102,860)
Net
movement
in funds
£
(747,648)
(18,000)
-
(18,000)
(765,648)		 Movement
in funds
£
(77,123)
(77,123)
At
29.9.19
£
477,869
-
10,000
10,000
487,869

Page 15

continued...

LOUTH & DISTRICT HOSPICE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 29 SEPTEMBER 2020

12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Day Hospital Building Fund (see note
below)
TOTAL FUNDS		 Incoming
resources
£
17,451
-
17,451		 Resources
Movement
expended
in funds
£
£
(765,099)
(747,648)
(18,000)
(18,000)
(783,099)
(765,648)

A current year 12 months and prior year 12 months combined position is as follows:

At
30.9.18
£
Unrestricted funds
General fund
1,225,517
Restricted funds
Day Hospital Building Fund (see note
below)
18,000
Research Fund (see note below)
10,000
28,000
TOTAL FUNDS
1,253,517		 Net
movement
in funds
£
(824,771)
(18,000)
-
(18,000)
(842,771)		 At
29.9.20
£
400,746
-
10,000
10,000
410,746

Page 16

continued...

LOUTH & DISTRICT HOSPICE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 29 SEPTEMBER 2020

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Day Hospital Building Fund (see note
below)
TOTAL FUNDS		 Incoming
resources
£
43,188
-
43,188		 Resources
Movement
expended
in funds
£
£
(867,959)
(824,771)
(18,000)
(18,000)
(885,959)
(842,771)

Day Hospice Building Fund

This fund represents land donated by Frank Nicholson and was transferred to St Barnabas in May 2019.

Research

Group Captain Dainty stipulated that £10,000 of his legacy be applied for research.

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 29 September 2020.

14. CONSTITUTION

The company is limited by guarantee and as such does not have share capital. Members subscribe on an annual basis to the company, their liability is limited to £1.

Page 17

LOUTH & DISTRICT HOSPICE LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 29 SEPTEMBER 2020

INCOME AND ENDOWMENTS
Donations and legacies
Donations and gifts
Other trading activities
Fundraising events
Investment income
Deposit account interest
Curr asset inv income
Total incoming resources
EXPENDITURE
Other trading activities
Other operating leases
Rates and water
Insurance
Light and heat
Repairs and renewals
Telephone
Sundries
Charitable activities
Still Me project
Home Support Service
Donations to St Barnabas		 2020
£
7,243
8,695
799
9,000
9,799
25,737
4,000
187
1,079
1,752
153
277
65
7,513
64,361
15,425
119
79,905		 2019
£
6,371
10,314
766
-
766
17,451
4,000
457
1,054
1,408
153
252
33
7,357
58,558
33,901
674,752
767,211

This page does not form part of the statutory financial statements

Page 18

LOUTH & DISTRICT HOSPICE LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 29 SEPTEMBER 2020

Support costs
Management
Contractor costs
Pensions
Subscriptions
Telephone
Postage and stationery
Motor and travel expenses
Sundries
IT Support
Fixtures and fittings depreciation
Computer equipment depreciation
Loss on sale of tangible fixed assets
Finance
Bank charges
Other
Other operating leases
Rates and water
Insurance
Repairs and maintenance
Governance costs
Accountancy and legal fees
Total resources expended
Net expenditure		 2020
£
5,175
-
-
696
204
449
959
187
25
179
-
7,874
261
3,000
1,832
639
66
5,537
1,770
102,860
**(77,123) **		 2019
£
5,605
(10,650)
180
128
273
662
1,056
579
32
277
27
(1,831)
441
5,731
418
639
949
7,737
2,184
783,099
(765,648)

This page does not form part of the statutory financial statements

Page 19