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2020-07-31-accounts

THE BUTTERFLY HOSPICE TRUST (LIMITED BY GUARANTEE)

Company Number: 05325476 (England & Wales) Charity Number: 1113697

DIRECTORS' AND TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2020

Dexter & Sharpe The Old Vicarage Church Close Boston Lincolnshire PE21 6NA

THE BUTTERFLY HOSPICE TRUST

CONTENTS

_________________

Page
Company Information 2
Trustees' Report 3 - 7
Independent Examiner’s Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11 - 17

THE BUTTERFLY HOSPICE TRUST

COMPANY INFORMATION

Trustees (Active) Lorraine Lenton (Chair)
Christine Bonneywell (Vice-chair – appointed 2/11/20)
Gurdip Samra
Mark Smith
Deborah Oldham
Darren Hamilton
Jenny Fryer (appointed 15/9/20)
Nicolas Dunmore (appointed 17/11/20)
Trustees (Resigned) Yvonne Slater (Vice-chair – resigned 2/11/20)
Pamela Bell (resigned 20/3/20)
Nicola Richardson (resigned 19/9/20)
Alan Coupland (resigned 28/10/20)
David Matthewson (resigned 5/11/20)
Registered Office Rowan Way
Boston
Lincolnshire
PE21 9DH
Independent Examiner Nicola Lenton FCCA
Dexter & Sharpe
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA
Company Number 0532476 (England & Wales)
Charity Number 1113697
Solicitors Chattertons Solicitors
28 Wide Bargate
Boston
Lincolnshire
PE21 6RT
Bankers Barclays Bank plc
55 Market Place
Boston
Lincolnshire
PE21 6LU

THE BUTTERFLY HOSPICE TRUST

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 JULY 2020

The trustees, who are directors for the purposes of company law, present their strategic report for the year ended 31 July 2020, in compliance with s414C of the Companies Act 2006.

Objects and aims

The charity's objective is:- "to relieve sickness and suffering and to promote the spiritual well-being of adults in South East Lincolnshire requiring palliative care by the establishment and maintenance of a hospice and associated services."

Our strategy for achieving our objectives continues to be by developing our organisation and encouraging interaction and activities with the various communities supporting the hospice. This is achieved by networking, consultation with our partners and communities. The Trust and clinical staff and volunteers are encouraged to participate in internal discussions and support the prioritising of various areas of development. The Trust continues to develop partnership working and to encourage multi- service use of the Hospice for the benefit of patients and families.

The ongoing working relationship the Trust continues to develop with the Commissioners is vital to ensure the provision of services most needed to serve our communities.

Fundraising is vital and we have an ongoing wide programme of fundraising activities planned for the next twelve months and these, together with our retail activity and the highly valued efforts of a number of other community organisations and corporate supporters, will continue to increase our funds. We continue to provide speakers to other local organisations in order to widen community understanding and support for our aims and objectives.

Public benefit

The activities undertaken by the charity to further public benefit include the provision of free 24-hour patient care in the hospice for those who need it funded by the income taken from the shops under the control of the charity and the fundraising activities carried out.

The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Relationships with related parties

The trust continues to maintain relationships with a wide range of local and regional organisations which include other local third sector organisations, local councils, Lincolnshire NHS Trusts, Clinical Commissioners and others.

THE BUTTERFLY HOSPICE TRUST

TRUSTEES’ REPORT CONTINUED FOR THE YEAR ENDED 31 JULY 2020

Achievements & Performance

The financial year 2019-2020 was a year which began and ended with much appreciation for all the efforts of those past and present, who have contributed to this cherished charitable trust and our wonderful hospice.

Butterfly Hospice Event Calendar

The Autumn months in 2019 saw our annual Big Bike Ride, which always proves a hit with local cyclists, both professional and amateur – with routes from 9 miles to 66 miles!

We also held our Light up a Life service at St Botolph’s Church in Boston (the Stump). This occasion is always very well attended. A torch procession was introduced this year, and was followed from the Pescod Shopping Centre through to the market place and into the historic church.

Exciting plans were in place to launch our first ‘Strictly Lincolnshire Dance’ event in the Summer months, with all tickets sold-out in the early part of 2020. Celebrity guests and judges were lined up, as well as the contestants who were all keen to dance the light fantastic, and all in support of The Butterfly Hospice Trust!

Sadly, this event was cancelled owing to the coronavirus pandemic and our other events were postponed.

This was a year of immense challenge requiring the utmost of dedication and perseverance of all those associated with the charity. The coronavirus pandemic arrived mid-point through this accounting year.

Hospice turns Five

While the start of our financial year begins in August, it also coincided with an important birthday celebration – the Butterfly Hospice in-patient-unit’s 5th birthday. After many years of fundraising, the dream of opening the hospice had become a reality and with trustees, our clinical partners LCHS, patients and families, local dignitaries and business supporters, staff and volunteers, our celebrations began in earnest.

A garden tea party was held with the grand opening of our Memory Walk, with the laying of the foundation stone; donated by the Howard family.

(Photo: The Howards together in memory and in celebration)

Adversity is inevitable, but difficulties or misfortunes don't have to keep you from achieving your intended goals and finding the happiness you seek in business and in life. Lao Tzu, Philosopher

THE BUTTERFLY HOSPICE TRUST

TRUSTEES’ REPORT CONTINUED FOR THE YEAR ENDED 31 JULY 2020

Coronavirus Pandemic and its impact on The Butterfly Hospice Trust

As the pandemic took hold in the United Kingdom, the impact on the Butterfly Hospice was devastating, but not insurmountable. In the early part of April, a mutual decision between the charity and its clinical partners, was made to temporarily suspend the hospice service. The clinical staff returned to work on the frontline of the NHS, while the charity refocused on the charitable business and its sustainability.

As a small local charity, every effort was made to protect and preserve. This meant utilising the governmental schemes and grants for our retail division and staffing costs. Most staff, were placed on furlough. The management and Board of Trustees continued to review on a daily basis how to continue the survival of the charity, while all retail, events management and fundraising activities were on hold.

The retail sector is pivotal to our charity and six months prior to lockdown, we had opened up a fifth shop in the market town of Wisbech; to close so early on into trading was disappointing but we resolved to continue to build on our retail arm. Behind the scenes we concentrated on a shop relocation (in the seaside town of Skegness) to obtain a larger seafront premises, as well as review our warehouse capacity and future income-raising potential.

Fortunately, the Summer months did bring about the return of Retail to our town high streets, and a recall of staff and our much-valued volunteers. The charity entered into a rebirth. The ways in which we have operated pre-pandemic were reviewed and adjusted. Meetings were held through conference calls, personal protective equipment became the norm and online fundraisers began.

The Hospice site continued to receive the care and attention it deserves with some internal redecoration and reconfiguration. Our beautiful gardens were maintained primarily from our incredibly dedicated garden volunteers whose effort and talent is most appreciated.

Hospice Reopens

Vitally talks began in earnest about the restart of the hospice with the commissioners and LCHS.

We are delighted that the hospice is open and receiving patients, this owes to the firm commitment and belief in the Butterfly Hospice, as a crucial service in Boston and its surrounding districts.

“I was happy to leave my father in your team’s care as it was a good place for him to be. The respect shown to him and the care given was exceptional. I am eternally grateful to the way we were both looked after. His request for his favourite last meal put a huge smile on his face and that’s all anyone can ask for.” Next of Kin: January 2020

THE BUTTERFLY HOSPICE TRUST

TRUSTEES’ REPORT CONTINUED FOR THE YEAR ENDED 31 JULY 2020

FINANCIAL REVIEW

Policy on reserves

During the year, the board of trustees conducts an annual review of the level of unrestricted reserves not committed or invested in tangible fixed assets ("the free reserves") in the general fund, by considering the risks associated with the various income streams, expenditure plans and balance sheet items. This enables an estimate to be made of the level of reserves that are sufficient: i) to allow for reorganisation in the event of a downturn of income or asset values ii) to protect ongoing work programmes Under the constitution, the charity has the power to make any investment which the trustees see fit provided appropriate advice is taken from a professionally qualified person under the Financial Services Act 1986.

Principal funding sources

The principal ongoing funding sources for the charity are currently by way of donations, fundraising activities and our retail division consisting of premises in Boston, Spalding, Skegness, Louth and Wisbech.

Investment policy and objectives

The trust seeks to maximise income without putting funds at risk. The trustees will continue to monitor the needs for investing funds on a regular basis.

Risk management

The trustees actively review the major risks which the charity faces on a regular basis and, combined with an annual review of the controls over key financial systems, they believe the charity could provide sufficient resources in the event of adverse conditions.

THE BUTTERFLY HOSPICE TRUST

TRUSTEES' REPORT CONTINUED FOR THE YEAR ENDED 31 JULY 2020

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are required by law to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity and of its financial position at the end of that year. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 16 February 2021 and signed on its behalf by:

…………………………………….

Lorraine Lenton Trustee, Chair

THE BUTTERFLY HOSPICE TRUST

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE BUTTERFLY HOSPICE TRUST

I report on the accounts for the year ended 31 July 2020 set out on pages nine to seventeen.

Responsibilities and basis of report

As the charity’s trustees of the Company (who are also the directors of the company 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 for this year 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 material matters have come to my attention which gives me cause to believe that:

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.

NICOLA LENTON FCCA Independent Examiner

Dexter & Sharpe Chartered Certified Accountants The Old Vicarage Church Close Boston Lincolnshire PE21 6NA

17 February 2021

THE BUTTERFLY HOSPICE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2020 (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)

Notes
Income and Endowments from:
4
Donations and legacies
Fundraising events
5
Charitable trading income
6
Investment income
Meal income
Room Hire
Total Income
Expenditure on:
Costs of generating funds
7
Shop and furniture and electrical expenditure
7
Warehouse expenditure
7
Fundraising costs
Charitable activities
8
Management and administration
8
Hospice costs
Total expenditure
Net income/(expenditure)
Exceptional items
Gift aid reclaim release/(provision)
Net movement in funds
Reconciliation of funds
Total funds brought forward
16
Total funds carried forward		 Restricted
Funds
£
24,978
2,993
-
-
-
-
27,971
-
(407)
(2,043)
(2,450)
(690)
(4,726)
(5,416)
(7,866)
20,105
-
20,105
440,723
460,828		 Unrestricted
Funds
£
121,834
47,323
478,368
1,015
4,841
-
653,381
(222,308)
(47,983)
(57,162)
(327,453)
(151,257)
(154,761)
(306,018)
(633,471)
19,910
55,938
75,848
1,218,964
1,294,812		 2020
£
146,812
50,316
478,368
1,015
4,841
-
681,352
(222,308)
(48,390)
(59,205)
(329,903)
(151,947)
(159,487)
(311,434)
(641,337)
40,015
55,938
95,953
1,659,687
1,755,640		 2019
£
219,085
57,721
340,234
1,055
6,094
500
624,689
(210,078)
(42,207)
(72,863)
(325,148)
(162,706)
(159,504)
(322,210)
(647,358)
(22,669)
(59,074)
(81,743)
1,741,430
1,659,687

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes on pages 11 to 17 form part of these accounts

THE BUTTERFLY HOSPICE TRUST COMPANY NUMBER: 302819 (LIMITED BY GUARANTEE)

BALANCE SHEET AS AT 31 JULY 2020

Notes
Fixed assets
11
Tangible assets
Current assets
12
Debtors
Cash at bank and in hand
13
Creditors: Amounts falling due within one year
Net current assets
Net assets
Funds of the charity:
Restricted funds
Unrestricted Income funds
Unrestricted funds
14
Total funds		 2020
£
1,162,040
24,248
593,895
618,143
(24,543)
593,600
1,755,640
460,828
1,294,812
1,755,640		 2019
£
1,174,225
8,620
555,313
563,933
(78,471)
485,462
1,659,687
440,723
1,218,964
1,659,687

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and in accordance with FRS102 SORP.

The financial statements were approved by the Board of Trustees on 16 February 2021 and were signed on its behalf by:

……………………………………. ……………………………………. Lorraine Lenton Christine Bonneywell Trustee, Chair Trustee, Vice-Chair

The notes on pages 11 to 17 form part of these accounts

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2020

THE BUTTERFLY HOSPICE TRUST

1.

STATUTORY INFORMATION

The Butterfly Hospice Trust is a charitable company, limited by guarantee, registered in England and Wales. The charitable company’s registered number and registered office address can be found on the Company Information page.

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 2016)', 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.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and Buildings Not depreciated Hospice Fixtures & Fittings 10% depreciation reducing balance Motor Vehicles 25% depreciation reducing balance Office Equipment 33.3% depreciation reducing balance Shop Equipment 15% depreciation reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £5,685 (2019 - £4,206).

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.

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE ACCOUNTS CONTINUED

FOR THE YEAR ENDED 31 JULY 2020

2. ACCOUNTING POLICIES continued

Administration expenditure

Administration expenditure includes all expenditure not directly related to the charitable activity or fundraising ventures, this includes costs of running the office premises and governance costs and are allocated to expenditure on the raising of funds or charitable activities as appropriate.

3. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 31 July 2020.

Trustees’ expenses

There were no trustees’ expenses paid for the year ended 31 July 2020.

4. DONATIONS AND LEGACIES

General donations
Legacy
Grants and trusts
Lottery
Gift Aid		 Restricted
Funds
£
24,778
-
200
-
-
24,978		 Unrestricted
Funds
£
73,780
-
29,400
14,244
4,410
121,834		 2020
£
98,558
-
29,600
14,244
4,410
146,812		 2019
£
86,994
38,079
65,672
13,658
14,682
219,085

The total income from donations and legacies was £146,812 (2019 - £219,085) of which £121,834 (2019 - £193,035) was unrestricted and £24,978 (2019 - £26,050) was restricted.

5. INCOME - CHARITABLE ACTIVITIES

Shop income
Furniture and electrical income
Miscellaneous sales and Covid related grants		 2020
£
268,299
16,074
193,995
478,368		 2019
£
311,345
25,665
3,224
340,234

All income from this source was unrestricted in this and the prior year.

6.

INCOME - INVESTMENTS

2020 2019
£ £
Interest receivable on bank deposits 1,015 1,055

All income from this source was unrestricted in this and the prior year.

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31 JULY 2020

7. RESOURCES EXPENDED – FUNDRAISING

Shop, furniture and electrical expenditure
Staff costs
Rent
Rates and water usage
Insurance
Light and heat
Telephone
Postage, stationery and advertising
Repairs and Renewals
Sundry expenses
Depreciation
Legal and Professional
Warehouse costs
Staff costs
Rent
Rates and water usage
Insurance
Light and heat
Telephone
Motor Expenses
Sundry expenses
Postage, stationery and advertising
Repairs and renewals
Depreciation
Profit/Loss on disposal of tangible fixed assets
Fundraising costs
Fundraising		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
407

-
407
2,043
2,450		 Unrestricted
Funds
£
132,892
64,500
4,421
2,031
6,780
1,377
1,954
6,631
1,112
610
-
222,308
21,976
10,000
836
1,936
1,178
366
10,096
42
228
1,325
-
-
47,983
57,162
327,453		 2020
£
132,892
64,500
4,421
2,031
6,780
1,377
1,954
6,631
1,112
610
-
222,308
21,976
10,000
836
1,936
1,178
366
10,096
42
228
1,325
407
-
48,390
59,205
329,903		 2019
£
126,124
56,976
5,429
1,692
6,214
1,298
1,846
7,378
906
715
1,500
210,078
14,939
10,000
1,321
740
1,251
421
10,209
51
221
1,654
543
857
42,207
72,863
325,148

The total costs of generating funds was £329,903 (2019 - £325,148), of which £327,453 (2019 - £320,862) was unrestricted and £2,450 (2019 – £4,286) was restricted.

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31 JULY 2020

8. RESOURCES EXPENDED - CHARITABLE ACTIVITIES

Management and administration
Staff costs
Light and heat
Travelling expenses
Courses
Rent
Rates and water usage
Insurance
Telephone and internet
Repairs and renewals
Printing
Postage, stationery and advertising
Legal and Professional
Accountancy and bookkeeping
Sundry expenses
Depreciation
Release of grant
Bank charges
Hospice costs
Rates and water usage
Insurance
Light and heat
Building Maintenance
Equipment and maintenance
Repairs and renewals
Courses
Catering costs
Cleaning
Sundry expenses
Depreciation
Profit/Loss on disposal of tangible fixed assets
Release of grant
Wages and salaries		 Restricted
Funds
£
-
-
-
-
-
-
-
-
587
-
30
-
-
-
232
(236)
77
690
-
-
-
-
-
-
-
-
-
-
5,021

-
(295)
-
4,726
5,416		 Unrestricted
Funds
£
104,347
3,221
2,139
-
1,250
821
1,491
2,727
7,190
775
5,160
4,463
8,274
2,684
816
-
5,899
151,257
1,151
2,609
8,447
11,103
986
7,498
-
5,710
3,189
123
7,033
-
-
106,912
154,761
306,018		 2020
£
104,347
3,221
2,139
-
1,250
821
1,491
2,727
7,777
775
5,190
4,463
8,274
2,684
1,048
(236)
5,976
151,947
1,151
2,609
8,447
11,103
986
7,498
-
5,710
3,189
123
12,054
-
(295)
106,912
159,487
311,434		 2019
£
95,805
3,135
1,843
877
100
886
1,129
2,041
9,022
1,294
10,791
17,175
7,479
5,334
1,346
(355)
4,804
162,706
1,366
1,133
8,962
2,677
2,929
4,482
1,500
8,130
3,395
995
13,303
9,096
(328)
101,864
159,504
322,210

The total expenditure on charitable activities was £311,434 (2019 - £322,210), of which £306,018 (2019 - £306,915) was unrestricted and £5,416 (2019 – £15,295) was restricted.

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31 JULY 2020

9. SURPLUS/(DEFICIT) FOR THE YEAR

The deficit of expenditure over income is stated after charging:

2020 2019
£ £
Independent examination and other accountancy work 8,274 7,479
Depreciation 14,119 15,907
Release of grant (531) (603)
═══════ ═══════

The expenditure incurred during the year related to the charitable activities. No direct expenditure was incurred in raising funds and any apportionment of administration expenditure to this activity is insignificant.

10. STAFF COSTS

No remuneration was paid to any trustee or member during the year. The only staff costs were:

2020 2019
£ £
Wages and salaries 383,952 358,453
Seasonal security costs 18,031 17,875
Pension costs 5,685 4,206
═══════ ═══════
No member of staff was paid more than £60,000.
Average Number of Staff
2020 2019
Hospice 12 12
Management 5 6
Retail and Warehouse 11 9
Fundraising 2 3
_______ _______
30 30
═══════ ═══════

Average Number of Staff

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31 JULY 2020

11. TANGIBLE FIXED ASSETS

Land &
Buildings
£
Cost
At 1 August 2019
1,046,103
Additions
-
Disposals
-
At 31 July 2020
1,046,103
Depreciation
At 1 August 2019
-
Charge for the year
-
Eliminated on disposals
-
At 31 July 2020
-
Net book value
At 31 July 2020
1,046,103
At 31 July 2019
1,046,103		 Hospice
fixtures &
fittings
£
190,607
1,265
-
191,872
70,892
12,054
-
82,946
108,926
119,715		 Motor
Vehicles
£
2,895
-
-
2,895
1,267
407
-
1,674
1,221
1,628		 Office
Equipment
£
29,964
604
-
30,568
27,231
1,048
-
28,279
2,289
2,733		 Shop
Equipment
£
19,061
65
-
19,126
15,015
610
-
15,625
3,501
4,046		 Total
£
1,288,630
1,934
-
1,290,564
114,405
14,119
-
128,524
1,162,040
1,174,225

12. DEBTORS DUE WITHIN ONE YEAR

Accrued income and grants
Prepayments
VAT recoverable		 2020
£
9,756
9,843
4,649
24,248		 2019
£
-
4,030
4,590
8,620

13.

CREDITORS AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Other creditors
Accruals
Fixed asset funds
Gift aid reclaim provision		 2020
£
1,287
15,142
4,985
3,129
-
24,543		 2019
£
319
6,226
9,191
3,660
59,075
78,471

The balance of the provisions for gift aid has been released following communications with HMRC, and agreement to correct the compliance issues, with no requirement to make any further repayments.

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31 JULY 2020

14. TOTAL FUNDS

Balance as at 1 August 2019
Incoming Resources
Resources Expended
Balance as at 31 July 2020
Balance as at 1 August 2018
Incoming Resources
Resources Expended
Balance as at 31 July 2019		 Unrestricted
Funds
£
1,218,964
653,381
(577,533)
1,294,812
Unrestricted
Funds
£
1,307,486
598,329
(686,851)
1,218,964		 Restricted
Funds
£
440,723
27,971
(7,866)
460,828
Restricted
Funds
£
433,944
26,360
(19,581)
440,723		 Total
Funds
£
1,659,687
681,352
(585,399)
1,755,640
Total
Funds
£
1,741,430
624,689
(706,432)
1,659,687

Purposes of restricted funds

The restricted funds all relates to income received from third parties which all have a specific pre-determined use within the charity.

15. SHARE CAPITAL

The company is incorporated under the Companies Act as a Guarantee Company. No share capital has been issued. In the event of the company’s winding up each member may be required to contribute an amount not exceeding £1 as a contribution towards the debts and liabilities of the company.

16. COVID

The charity has been in receipt of income under Covid grants amounting to £109,500 and £64,631 in respect of the job retention scheme. These have been included within income from charitable activities.