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2021-07-31-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 2021

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)
Yvonne Slater (Vice-chair – vacant position 2/11/20)
Gurdip Samra
Deborah Oldham
Darren Hamilton
Nicholas Dunmore (appointed 17/11/20)
Stephen Dawes (appointed 15/6/21)
Katy Roberts (appointed 19/10/21)
Nicola Richardson (resigned 19/9/20)
Alan Coupland (resigned 28/10/20)
David Matthewson (resigned 5/11/20)
Mark Smith (resigned 17/8/21)
Jenny Fryer (appointed 15/9/20 resigned 17/8/21)
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
52 Market Place
Boston
Lincolnshire
PE21 6LU

THE BUTTERFLY HOSPICE TRUST

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 JULY 2021

The trustees, who are directors for the purposes of company law, present their strategic report for the year ended 31 July 2021, 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 2021

Achievements & Performance

The financial year 2020-2021 was a year of continued upheaval given the restrictions placed on the charity. Owing to the intermittent periods of lockdown, our income generating activities were virtually halted. However, the charity did receive substantial income through legacies and government grant support (for retail closures); this helped our financial stability in an uncertain time. The charity continued to utilise the government’s job retention scheme to protect the charity’s staff team, and as lockdowns lifted, all staff were able to return to work; any need for redundancy had been avoided.

The charity made successful changes in the retail division; moving to a larger more prominent location in Skegness and doubling the size of our warehouse. A new shop in Bourne, to add to our family of shops, was secured and opened with great support of the Bourne community.

The hospice itself closed temporarily in the early months of coronavirus, owing to staffing constraints. However, with incredible support from NHS Lincolnshire CCG and our partners Lincolnshire Community Health Services, the Boston Neighbourhood Team and the Primary Care Network, a successful restore of service was met in January 2021. Prior to this, the Butterfly Hospice trialled a phone support service to support advanced care planning for local people living with life-limiting conditions.

A review of the clinical delivery of the hospice service also determined that the Butterfly Hospice would adopt a single-GP Led Medical Cover model in order to further improve and streamline its approach in delivering excellent care. The Sidings Medical Practice, Boston came forward to support us and the Butterfly Board of Trustees are delighted in the making of this new and valued relationship.

The demand for Butterfly Hospice beds has been high and we continue to receive wonderful compliments from those using our service.

Health care team workers taking a well-earned break in the Butterfly Hospice gardens

THE BUTTERFLY HOSPICE TRUST

TRUSTEES’ REPORT CONTINUED FOR THE YEAR ENDED 31 JULY 2021

Butterfly Hospice – Celebrating and Recognising Our People

At the end of Summer, our annual Butterfly Release was held in the hospice grounds. This was a magical afternoon bringing together families in the safety of ‘family bubbles’ and opened by the Town Mayor, who in his two-year term of office, chose to support the Butterfly Hospice for another year. For the charity, this event ended a warm summer on a positive note. The Autumn and Winter months proved challenging for the events team, so alternative ways to promote and fundraise were identified and virtual events were implemented with a level of success, but not on the same scale as we have previously enjoyed.

Recognising the commitment of our volunteers has been high in our thoughts, as well as paying our respects to those who have died in this year.

As our volunteers gradually returned to support the charity, it was important that we acknowledge their contribution in a Volunteer Celebration event in June. An afternoon tea, with music and festivities was held in our gardens on a warm, sunny day. We were delighted to have one of our patients join us with his family and friends.

Butterfly Hospice Chef: Afternoon tea in the garden

In memory of Yvonne Slater: Trustee, Volunteer, Friend of the Butterfly Hospice, An inspirational lady who died 1st November 2020

The Butterfly Hospice has mourned the loss of some truly wonderful people from our charity. June Whitelam and Ian Jude both volunteered in the Charity Offices for many years, supporting our volunteering and administration activities. They are greatly missed by the team.

We were also immensely saddened when Yvonne Slater, Vice Chair of the Board of Trustees died following a period of illness in November 2020. Yvonne had been an incredibly loyal and committed supporter of the Butterfly Hospice, from its inception to the incredible facility it has become today. Much of where we are today is testament to Yvonne and her rallying of family, friends and supporters across Boston.

It was important that we take this opportunity to remember friends of the Butterfly Hospice in this year’s annual accounts. Our thoughts also go to all those who have lost loved ones in the challenging times we continue to face.

Our deepest thanks go to all the people past and present, who have contributed to The Butterfly Hospice Trust. Making a difference for local people living with lifelimiting illness.

THE BUTTERFLY HOSPICE TRUST

TRUSTEES’ REPORT CONTINUED FOR THE YEAR ENDED 31 JULY 2021

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, Bourne 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 2021

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 18 January 2022 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 2021 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

18 January 2022

THE BUTTERFLY HOSPICE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021 (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
£
12,570
-
-
-
-
-
12,570
-
-
-
-
(598)
(11,027)
(11,625)
(11,625)
945
-
945
460,828
461,773		 Unrestricted
Funds
£
320,070
19,194
461,491
772
1,738
-
803,265
(240,201)
(55,885)
(45,924)
(342,010)
(135,183)
(181,867)
(317,050)
(659,060)
144,205
-
144,205
1,294,812
1,439,017		 2021
£
332,640
19,194
461,491
772
1,738
-
815,835
(240,201)
(55,885)
(45,924)
(342,010)
(135,781)
(192,894)
(328,675)
(670,685)
145,150
-
145,150
1,755,640
1,900,790		 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

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 2021

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		 2021
£
1,137,405
32,382
759,081
791,463
(28,078)
763,385
1,900,790
461,773
1,439,017
1,900,790		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 July 2021 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 18 January 2022 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

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2021

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 £5,512 (2020 - £5,685).

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 2021

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 2021.

Trustees’ expenses

There were no trustees’ expenses paid for the year ended 31 July 2021.

4. DONATIONS AND LEGACIES

General donations
Legacy
Grants and trusts
Lottery
Gift Aid		 Restricted
Funds
£
3,020
-
9,550
-
-
12,570		 Unrestricted
Funds
£
57,457
195,946
54,850
11,817
-
320,070		 2021
£
60,477
195,946
64,400
11,817
-
332,640		 2020
£
98,558
-
29,600
14,244
4,410
146,812

The total income from donations and legacies was £332,640 (2020 - £146,812) of which £320,070 (2019 - £121,834) was unrestricted and £12,570 (2020 - £24,978) was restricted.

5. INCOME - CHARITABLE ACTIVITIES

Shop income
Furniture and electrical income
Miscellaneous sales and Covid related grants		 2021
£
285,714
19,973
155,804
461,491		 2020
£
268,299
16,074
193,995
478,368

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

6.

INCOME - INVESTMENTS

2021 2020
£ £
Interest receivable on bank deposits 772 1,015

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 2021

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
Loss on asset disposals
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
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Unrestricted
Funds
£
144,309
71,064
1,177
3.035
6,638
1,933
2,578
5,142
2,699
290
1,336
1,626
21,630
18,000
264
1,737
1,484
365
8,067
361
1,897
2,075
35
-
55,885
45,924
342,010		 2021
£
144,309
71,064
1,177
3,035
6,638
1,933
2,578
5,142
2,699
290
1,336
240,201
21,630
18,000
264
1,737
1,484
365
8,067
361
1,867
2,075
35
-
55,885
45,924
342,010		 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

The total costs of generating funds was £342,010 (2020 - £329,903), of which £342,010 (2020 - £327,453) was unrestricted and £0 (2020 - £2,450) was restricted.

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31 JULY 2021

8. RESOURCES EXPENDED - CHARITABLE ACTIVITIES

Management and administration
Staff costs
Light and heat
Motor and travel
Courses/training
Rent
Rates and water usage
Insurance
Telephone and internet
Repairs and renewals
Postage, stationery, advertising and printing
Legal and Professional
Accountancy and bookkeeping
Sundry expenses
Depreciation
Profit/Loss on disposal of tangible fixed assets
Release of grant
Bank charges
Hospice costs
Rates and water usage
Insurance
Light and heat
Building Maintenance )
Equipment and maintenance )
Repairs and renewals )
Courses/training
Catering costs
Cleaning
Sundry expenses
Depreciation
Profit/Loss on disposal of tangible fixed assets
Release of grant
Wages and salaries		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
312
443
(157)
-
598
-
-
-
-
-
-
-
-
-
-
4,338
6,955
(266)
-
11,027
11,625		 Unrestricted
Funds
£
85,335
2,713
6,445
36
-
1,145
4,203
2,141
1,572
8,503
3,912
4,504
4,680
1,005
1,006
-
7,983
135,183
543
4,048
6,852
20,542
474
4,578
3,317
6,777
4,167
20,348
-
110,221
181,867
317,050		 2021
£
85,335
2,713
6,445
36
-
1,145
4,203
2,141
1,572
8,503
3,912
4,504
4,680
1,317
1,449
(157)
7,983
135,781
543
4,048
6,852
20,542
474
4,578
3,317
6,777
8,505
27,303
(266)
110,221
192,894
328,675		 2020
£
104,347
3,221
2,139
-
1,250
821
1,491
2,727
7,777
5,945
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

The total expenditure on charitable activities was £328,675 (2020 - £311,434), of which £317,050 (2020 - £306,018) was unrestricted and £11,625 (2020 – £5,416) was restricted.

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31 JULY 2021

9. SURPLUS/(DEFICIT) FOR THE YEAR

The deficit of expenditure over income is stated after charging:

2021 2020
£ £
Independent examination and other accountancy work 4,504 8,274
Depreciation 10,147 14,119
Release of grant (423) (531)
═══════ ═══════

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:

2021 2020
£ £
Wages and salaries 367,479 383,952
Seasonal security costs 16,661 18,031
Pension costs 5,512 5,685
═══════ ═══════
No member of staff was paid more than £60,000.
Average Number of Staff
2021 2020
Hospice 9 12
Management 6 5
Retail and Warehouse 13 11
Fundraising 1 2
_______ _______
29 30
═══════ ═══════

Average Number of Staff

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31 JULY 2021

11. TANGIBLE FIXED ASSETS

ANGIBLE FIXED ASSETS
Land &
Buildings
£
Cost
At 1 August 2020
1,046,103
Additions
-
Disposals
-
At 31 July 2021
1,046,103
Depreciation
At 1 August 2020
-
Charge for the year
-
Eliminated on disposals
-
At 31 July 2021
-
Net book value
At 31 July 2021
1,046,103
At 31 July 2020
1,046,103		 Hospice
fixtures &
fittings
£
191,872
11,829
(53,679)
150,022
82,946
8,505
(25,546)
65,905
84,117
108,926		 Motor
Vehicles
£
2,895
-
-
2,895
1,674
305
-
1,979
916
1,221		 Office
Equipment
£
30,568
4,601
(8,606)
26,563
28,279
1,012
(7,157)
22,134
4,429
2,289		 Shop
Equipment
£
19,126
-
(6,268)
12,858
15,625
325
(4,932)
11,018
1,840
3,501		 Total
£
1,290,564
16,430
(68,553)
1,238,441
128,524
10,147
(37,635)
101,036
1,137,405
1,162,040

12.

DEBTORS DUE WITHIN ONE YEAR

13.

Accrued income and grants
Prepayments
VAT recoverable
REDITORS AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Accruals
Fixed asset funds
Gift aid reclaim provision		 2021
£
588
26,206
5,588
32,382
2021
£
9,849
10,552
4,971
2,706
-
28,078		 2020
£
9,756
9,843
4,649
24,248
2020
£
1,287
15,142
4,985
3,129
-
24,543

CREDITORS AMOUNTS FALLING DUE WITHIN ONE YEAR

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31 JULY 2021

14. TOTAL FUNDS

Balance as at 1 August 2020
Incoming Resources
Resources Expended
Balance as at 31 July 2021
Balance as at 1 August 2019
Incoming Resources
Resources Expended
Balance as at 31 July 2020		 Unrestricted
Funds
£
1,294,812
803,265
(659,060)
1,439,017
Unrestricted
Funds
£
1,218,964
653,381
(577,523)
1,294,812		 Restricted
Funds
£
460,828
12,570
(11,625)
461,773
Restricted
Funds
£
440,723
27,971
(7,866)
460,828		 Total
Funds
£
1,755,640
815,835
(670,685)
1,900,790
Total
Funds
£
1,659,687
681,352
(585,399)
1,755,640

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 £99,030 and £56,330 in respect of the job retention scheme. These have been included within income from charitable activities.