2021-03-31-accounts - Thames Hospice

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Index
Trustees' report		1-32
Independent Auditors'	report	33-37
Consolidated Statement ofFinancial Activities		38
Balance sheets		39
Cash flow statement		40
Notes to the financial statements		41-59
Administrative de'tails		60-61

					2020/21
Energy consumption used to calculate emissions				(KwHs)	359,606
Energy consumption		breakdown	KwH
Gas usage					76,625
Electricity usage					282,881
Energy consumption used	to	calculate emissions		(Kivl)
Transport					35,052
Scope 1Emissions in metric tonnes COZe
Gas Consumption					14,089
Owned transport					2,571
Electricity usage					65,951
intensity Ratios
Hospice emissions		per FTE			147
Retail emissions	per shop				2,780

	Fm
Fixed assets	25.6
Designated reserve far capital project
Restricted reserves	0.3
Free reserves	1.0
Totalreserves	26.9

		Previous	Revised	Actual
		Policy	Policy	at 31March
				2021
Fixed Interest		25-459o	10-309a	33,8Yo
Equities		35-55%	70-8096	36.796
Property		4-89a	0-109a	7.196
Alternatives	incl.	0-8%	0-109a	12.99o
Infrastructure
Cash		0-209S	0-109o	9.59o

			Un-	Restricted	Total	Un-	Restdcted	Total
			restricted	Funds	2021	restricted	Funds	2020
			Funds			Funds
		Note	EOOO	f000	EOOO	6000	EOOO	EOOO
Income from:
Donations and legacies			2,875	1,003	3,878	3,421	2,625	6,046
Charitable activities			4,227		4,227	3,467		3,467
Other trading activities			1,955		1,955	2,730		2,730
Investment income			93		93	290		290
Other income			2,882		2,882
Total Income			12,032	1,003	13,035	10,002	2,625	12,627
Expenditure on:
Raising funds		7	4,902		4,902	5,147		5,147
Charitable Activities		7	6,346		6,347	5,244	7	5,251
Total Expenditure			11,248	1	11,249	10,391	7	10,398
Net income/(expenditure)			784	1,002	1,786	(389)	2,618	2,229
before investment
gains/(losses)
Net gains/(losses) on			201		201	(108)		(108)
investments
Net income			985	1,002	1,987	(497)	2,618	2,121
Transfers between	funds	18	949	(949)		2,834	(2,834)
Net Movement in	Funds	10	1,934	53	1,987	2,337	(216)	2,121
Reconciliation ofFunds:
Total funds brought	forward	18	24,783	287	25,070	22,446	503	22,949
Total funds carried	forward		26,717	340	27,057	24,783	287	25,070

				Group	Charity	Group	Charity
			Note	2021	2021	2020	2020
				EOOD	6000	6000	6000
fixed assets
Tangible assets			13	22,625	22,625	20,958	20,958
Investments			14	2,997	2,997	3,106	3,'106
				25,622	25,622	24,064	24,064
Current assets
Asset held for sale			13	3,085	3,085
Stocks			15	111		79
Debtors			16	2,719	2&850	2,489	2,563
Cash at bank	and in	hand		687	661	634	633
				6,602	6,596	3,202	3,196
Creditors: amounts		falling due within one year	17	(5,167)	(5,163)	(2,196)	(2,192)
Net current	assets			1,435	1,433	1,006	1,004
Total assets	less current liabilities			27,057	27,055	25,070	25,068
Net assets				27,057	27,055	25,070	25,068
Restricted funds			18	340	340	287	287
Unrestricted	funds		18	26,717	26,715	24,783	24,781
Total Funds				27,057	27,055	25,070	25,068

				2021	2020
			Note	6000	EOOD
Net cash provided by continuing		operating activities	20	5,017	2,488
Cash flows from Investing	Activities:
Investment income				93	290
Purchase oftangible fixed assets				(5,367)	(13,913)
Purchase ofinvestments				(460)	(772)
Sale ofinvestments				770	11,852
Net cash used in investing	activities			(4,964)	(2,543)
Change in cash &cash equivalents		in the year		53	(55)
Cash &cash equivalents at	the beginning ofthe year			634	689
Cash &cash equivalents at the end ofthe year				687	634
Analysis ofchanges in Net Debt
				2021	2020
Cash and cash equivalents				6000	fOOO
Cash at bank as at 1April					689
Cash flows during the year				53	(55)
					634
Borrowings
Debt due within one year				(4,055)
Total				(3,368)	634

				Un-	Restricted	2021	Un-	Restricted	2020
				restricted	Funds		restricted	Funds
				Funds			Funds
				f000	f000	f000	EOOD	EOOD	f000
Community	fundraising	and committed	giving	769		769	708		708
Donations	and appeals			1,486	1,003	2,489	1,556	2,168	3,724
Legacies				620		620	1,157	457	1,614
				2,875	1,003	3,878	3,421	2,625	6,046

Inco	me from Charitable Activities
		Unrestdicted	Unrestricted
		funds	funds
		2021	2020
		f000	f000
Education	and training	15	14
External service provision
Continuing	health		208
Catering		39	21
CCG funding		4,172	3,223
		4,227	3,467
Income from Other Trading Activities
		Unrestdicted	Unrestricted
		funds	funds
		2021	2020
		f000	f000
Events		112	135
Lottery income			412
Sales ofdonated goods		1,095	1,935
Sales ofnew goods		164	248
		1,955	2,730

Investment Inc	ome
		Unrestricted		Unrestricted
		funds		funds
		2021		2020
		f000		f000
Income from investments			93	289
Bank interest receivable				1
			93	290
Otherlncome
		Unrestricted		Unrestricted
		funds		funds
		2021		2020
		f000		f000
Other income
Job Retention Scheme income			541	19
Hospice UK Grant income		1,659
Retail local authority	grants		676
		2,882

		Staff
		related			Total 2021	Total 2020
		costs	Premises	Other
		f000	f000	f000	f000	f000
Costs of Raising Funds
Direct costs		2,058	897	902	3,857	4,281
Central services support costs —Note 8		459	313	273	1,045	866
		2,517	1,210	1,175	4,902	5,147
Costs ofCharitable	Activities
Direct costs		4,442		580	5,026	4,386
Central services support costs - Note 8		580	396	345	1,321	865
		5,022	400	925	6,347	5,251

r Central	se	rvices	support costs comprise the following:
				Unrestricted	Unrestricted
				funds	funds
				2021	2020
				6000	6000
Finance,	including		depreciation	1,114	622
Governance		and Chief Executive costs		245	234
Information		Technology		216	202
Human	Resources			277	297
Facilities				514	376
				2,366	1,731

e average num	ber of persons employed by the group (including	bank staff) during the period was as follows:	—
		2021	2020
		No.	No.
Fundraising		17	16
Management	and administration	22	21
Retail		74	78
Direct patient	care	147	137
			254

e average full	time equivalent numbers ofpersons employed by t	he group during the period was as follows:-
		2021	2020
		No.	No.
Fundraising		14	16
Management	and administration	19	19
Retail		63	66
Direct patient	care	120	97
		216	198

e aggregate payroll co	sts ofthese persons were as follows:-
		2021	2020
		EOOO	EOOO
Wages and salades		6,475	5,940
Social security costs		563	517
Pension contributions	(see note 24)	411	402
		7,449	6,859

The number ofemployees whose emoluments	2021	2020
	No.	No.
E60,001 —E70,000	3	3
E70,001 —E80,000
E80,001 - E90,000

10	Net Movement	in Funds		Group	Charity	Group	Charity
				2021	2021	2020	2020
				EOOD	6000	f000	f000
Net	income isstated after charging:
Depreciation				610	610	314	314
Auditor's remuneration:
	-As auditor (excluding	VAT)		33		28	28
	-Other services (VAT	and corporation	tax advice)
Operating lease charges		on retail units	and printers	707	707	724	724
11	Taxation

results, as extr	acte	d from the audited	Financial S	tatements, are summarised	below:
					2021	2020
					f000	6000
Turnover					500	1,065
Cost ofsales					(90)	(142)
					410	923
Gross profit
Administrative	expenses				(408)	(906)
Profit on ordinary		activities before taxation			2	17
Taxation paid						(2)
Distributed to	charity holding company					(15)
Retained in subsidiary
The assets and	liabilities ofthe trading		subsidiary	were:

								2021	2020
								EOOO	FOOD
Current assets								163	101
Creditors: amounts	falling due	within	one year					(158)	(99)
Total net (liabilities)/assets								5	2
Aggregate share capital and reserves								5	2
13 Tangible fixed	assets
Group And Charity Freehold Property		Leasehold property		Machinery & Equipment	Fixtures & fittings	Computer equipment	yVehides	Assets under construction	Total
	EOOD		EOOD	EOOD	EOOD	EOOD	EOOD	EOOD	EOOO
Cost
1April 2020	5,097		1,210	1,342	473	527	117	16,733	25,499
Additions	575		133	208	388	135		3,928	5,367
Disposals				(52)	(27)	(110)		(1)	(190)
From AUC	20,586			5	69			(20,660)
Transfer toAsset
held for Sale	(4,887)			(95)	(38)				(5,020)
31March 2021	21,371		1,343	1,408	865	552	117		25,656
Depreciation
1Apdil 2020	1,706		637	1,257	442	393	106		4,541
Charge forthe
year	317		98	57	68	63	7		610
Disposals				(51)	(24)	(110)			(185)
Transfer toAsset
held for Sale	(1,808)			(89)	(38)				(1,935)
31March 2021	215		735	1,174	448	346	113		3,031
Net book value
31March 2021	21,156		608	234	417	206	4		22,625
31March 2020	3,391		574	85	31	133	11	16,733	20,958

			Group	Charity	Group	Charity
			2021	2021	2020	2020
			6000	6000	6000	OOOO
Securities and cash			2,997	2,997	3,106	3,106
Investment in group undertaking	(see Note 12)					0
			2p997	2,997	3,106	3,106
					2021	2020
Group and Chadity securities and	cash				6000	6000
Assets brought forward at 1April					3,106	14,294
Additions at cost					334	892
Movement in cash					126	(120)
Disposals					(770)	(11,852)
Realised and Unrealised investment		gains/(losses)			201	(108)
Market value at31March					2,997	3,106
Investments comprise:-
					2021	2020
Group and Charity					6000	6000
Fixed interest securities:-
-UK					1,012	1,627
Managed funds and unit trusts:—
- UK					1,700	1,320
Cash on deposit					285	159
Market value at 31Ivlarch					2,997	3,106

15	Stocks
							Group	Charity	Group	Charity
							2021	2021	2020	2020
							EOOD	EOOO	EOOO	EOOD
Stock	held for resale								79
16	Debtors
							Group	Charity	Group	Charity
							2021	2021	2020	2020
							EOOD	EOOO	EOOD	EOOD
Amounts due		from subsidiary				undertaking		156		95
Otherdebtors							560	535	675	655
Prepayments		and accrued			income		2I159	2,159	1,814	1,813
							2,719	2,850	2,489	2,563
17	Creditors:		amounts		falling due within one year
							Group	Charity	Group	Charity
							2021	2021	2020	2020
							EOOD	EOOO	E000	EOOD
Shortterm bankloan							4,055	4,055
Trade	creditors						360	358	217	217
Pension liability							61	61	56	56
Amounts due		to subsidiary			undertaking
Other	taxation and social				security		149	149	131	130
Accruals and deferred				income			542	540	1,792	1,789
							5,167	5,163	2,196	2,192

		Group	Chadty	Group	Charity
		2021	2021	2020	2020
		8000	f000	6000	6000
Brought	forward	537	537	330	330
Deferred	in the year	137	137	537	537
Released	in the year	(537)	(537)	(330)	(330)
Carried forward at 1April		137	137	537	537

At 31M	arch		2021,fund	s	are analysed	as follows:
						At 1April	Incoming	Outgo(ng	General	At 31March
Unrestricted			funds- Group			2020	Resources	Resources	Fund	2021
									Transfers
						6000	6000		6000	6000
General	Fund					23,416	12,233	(11,248)		24,401.
Transfer	to	designated		funds
Transfer	from		designated		funds				1,367	1,367
Transfer	from		restricted	funds					949	949
General	Funds Total					23,416	12,233	(11,248)	2,316	26,717
Designated		Project 25		Fund		1,367				1,367
Transfer	from		general fund
Transfer	to	general fund							(1,367)	(1,367)
Designated		Funds Total				1,367			(1,367)
Unrestricted			Funds Total			24,783	12,233	(11,248)	949	26,717

NOTES TOTHE F(NANCIAI. ST forthe year ended 31March	NOTES TOTHE F(NANCIAI. ST forthe year ended 31March	NOTES TOTHE F(NANCIAI. ST forthe year ended 31March	NOTES TOTHE F(NANCIAI. ST forthe year ended 31March	ATEMENTS 2021
Unrestricted funds- Charity				At 1Apdl	Incoming	Outgoing	General	At31March
				2020	Resources	Resources	Fund	2021
							Transfers
				EMO	E000	EOM	EOOO	EOOO
GeneralFund				23,414	12,233	(11,248)		24,399
Transfer	to designated	funds
Transfer	from designated		funds				1,367	1,367
Transfer	from restricted	funds					949	949
General	Funds Total			23,414	12,233	(11,248)	2,316	26,715
Designated Project 25		Fund		1,367				1,367
Transfer	from general fund
Transfer	to general fund						(1,367)	(1,367)
Designated Funds Total				1,367			(1,367)
Unrestricted Funds Total				24,781	12,233	(11,248)	949	26,715

Comparative	figures far 31March 202	0 are analysed asfoll	ows:
Unrestricted	funds —Group	At 1April	Incoming	Outgoing	General	At31March
		2019	Resources	Resources	Fund Transfers	2020
		EOOO	EOOD	EOOD	EOOD	EOOD
GeneralFund		10,446	10,002	(10,449)		9,949
Transfer to designated funds					(168)	(168)
Transfer from	designated funds				10,801	10,801
Transfer from	restricted funds				2,834	2,834
GeneralFunds	Total	10,446	10,002	(10,449)	13,467	23,416
Designated Project 25 Fund		12,000				12,000
Transfer fram	general fund				168	168
Transfer to general fund					(10,801)	(10,801)
Designated Funds Total		12,000			(10,633)	1,367
Unrestricted	Funds Total	22,446	10,002	(10,499)	2,834	24,783

Unrestricted funds —Grou	Unrestricted funds —Grou	p	At 1April	Incoming	Outgoing	General	At 31March
			2019	Resources	Resources	Fund Transfers	2020
			f000	f000	f000	f000	f000
General Fund			10,444	10,002	(10,499)		9,947
Transfer to designated funds						(168)	(168)
Transfer from designated	funds					10,801	10,801
Transfer from restricted funds						2,834	2,834
General Funds Total			10,444	10,002	(10,499)	13,467	23,414
Designated Project 25 Fund			12,000				12,000
Transfer from general fund						168	168
Transfer to general fund						(10,801)	(10,801)
Designated Funds Total			12,000			(10,633)	1,367
Unrestricted Funds Total			22,444	10,002	(10,499)	2,834	24,781
Restricted funds —Group		BLCharity				2021	2020

Restricted funds	—Group	2021 f000	2020 EOOD
At 1April		287	503
Net movement	in funds	53	(216)
At 31March			287

The net movem		ent in restricte	d funds du	dng 2020/21 is analy	sed as follows:
				At1April	Incoming	Outgoing	ToGeneral	At31March
				2020	Resources	Resources	Fund Fixed	2021
							Assets
					f000	f000	f000	f000
Patient Support		Fund
ClinicalFunds	for equipment		etc.				(39)	127
Comfort Appeal				30			(30)
PT5 New Build		Capital Appeal		145	947		(879)	213
				287	1,003		(949)

19 Analysis ofNet	Assets between F	unds
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds	2021	funds	funds	2020
	60M	fOM	6000	f000	EOOD
Fixed assets	25,622		25,622	24,064		24,064
Current assets	6,262		6,602	2,915	287	3,202
Creditors falling due	(5,167)		(5,167)	(2,196)		(2,196)
within one year
	26,717	340	27,057	24,783	287	25,070

						2021	2020
							EOOD
Net income for the year						1,987	2 121
Depreciation on tangible	fixed assets					610	314
(Gains)/Losses on investments						(201)	108
Irwestment income						(93)	(290)
Fixed asset write offs						5
Losson disposal oftangible		fixed	assets
(Increase) in stock including		stock write offs				(32)	(6)
(Increase) in debtors						(230)	(108)
Increase in creditors						2,971	349
Net cash provided by continuing			operating activities			5,017	2,488
21 Financial instruments
				Group	Charity	Group	Charity
				2021	2021	2020	2020
				EOOD	EOOO	EOOD	EOOD
Financial assets/(liabilities)		measured at arnortised cost:
Cash at bank and in hand				687		634	633
Debtors				2,719	2,850	2,489	2,563
Creditors				(5,167)	(5,163)	(2,196)	(2,192)
Financial assets included	at	fair value:
Investments				2,997	2,997	3,106	3,106

At 3	1March 2021,Thames Hospice had financial commitme	nts under non-cancellable operating leases	as follows:
		2021	2020
		Land and	Land and
		Buildings	buildings
		EOOD
Due	within one year	767	729
Due	within two to five years	1,972	1,874
Due	in more than five years
Total	financialcommitments	2,739	2,603

Charity Name:	Charity Name:	Charity Name:			Thames Hospice
Charity Registration			Number:		1108298
Company	Registration			Number:	5316964
Registered		and Principal Office:			Windsor Road
					Maidenhead
					Berkshire
					SL62DN
Independent		Auditors:			Saffery Champness		LLP
					71Queen Victoria		Street
					London
					EC4V 4BE
Bankers:					NatWest Bank pic
					12 High Street
					Windsor
					SL4 1LD
Investment		Managers:			Investec Wealth	Ik	Investment	Management	Ltd
					30Gresham Street
					London EC2V 7QN