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2023-07-31-accounts

REGISTERED COMPANY NUMBER: 05325476 (England and Wales) REGISTERED CHARITY NUMBER: 1113697

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

THE BUTTERFLY HOSPICE TRUST

Dexter & Sharpe Chartered Certified Accountants & Registered Auditors Rollestone House 20-22 Bridge Street Horncastle Lincolnshire LN9 5HZ

THE BUTTERFLY HOSPICE TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 6
Report of the Independent Auditors 7 to 8
Statement of Financial Activities 9
Balance Sheet 10
Cash Flow Statement 11
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 23
Detailed Statement of Financial Activities 24 to 26

THE BUTTERFLY HOSPICE TRUST

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 JULY 2023

TRUSTEES Mrs K E Roberts Mrs L Lenton Mrs C Bonneywell G Samra Mrs D Oldham D Hamilton N Dunmore S J M Dawes (resigned 8.8.2022) Mrs N Effield (appointed 18.7.2023) REGISTERED OFFICE The Butterfly Hospice Rowan Way Boston Lincolnshire PE21 9DH REGISTERED COMPANY 05325476 (England and Wales) NUMBER REGISTERED CHARITY 1113697 NUMBER AUDITORS Dexter & Sharpe Chartered Certified Accountants & Registered Auditors Rollestone House 20-22 Bridge Street Horncastle Lincolnshire LN9 5HZ SOLICITORS Chattertons Solicitors 28 Wide Bargate Boston Lincolnshire PE21 6RT BANKERS Barclays Bank PLC 52 Market Place Boston Lincolnshire PE21 6LU

Page 1

THE BUTTERFLY HOSPICE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives 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 NHS Lincolnshire Integrated Care Board 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. In addition to the clinical service provided, the Butterfly Hospice provides pre and post bereavement therapy by providing compassionate, and personal support to people affected by the challenge of a life-limiting illness or bereavement. The therapy service is an organisational member of the National Counselling Society, and the National Bereavement Alliance.

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, NHS Lincolnshire Integrated Care Board and others.

Page 2

THE BUTTERFLY HOSPICE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023

Achievements & Performance

Celebrating Success Together

Our partnership with Lincolnshire Community Health Service continues to strengthen year on year, with joint endeavours to promote and celebrate the work of the hospice. This year our efforts in the community have been acknowledged and celebrated officially. With immense pride, the Nursing Team achieved the NHS Celebrating Success ‘Peoples’ Award for their outstanding care and service to those using the Butterfly Hospice. What a wonderful accolade to achieve!

Team Butterfly Hospice: Lincolnshire Business Excellence Awards 2023

The Charity Team were also shortlisted as Charity of the Year, in the Lincolnshire Business Excellence Awards for their commitment towards the green agenda, sustainability ambitions and in widening their service offer for pre and post bereavement counselling.

As a relatively small team of staff, trustees and volunteers this was a fantastic acknowledgement of the contribution we all bring to the Charity and Hospice.

Charity Donations Make a Difference

Our ambition is to ensure that our Hospice benefits week in, week out from the income generated from our fundraising efforts and from financial donations given by our supporters.

This year, we embarked upon a significant upgrade to the hospice to make our ‘stays’ as comfortable as possible. We began with a refresh of all our bedrooms, a complete refurb of our visitor lounge, the establishment of a quiet room for private discussions, a new sheltered entry point for ambulances, the addition of climate control throughout the site, and an investment in solar energy for cost efficiency, as we move further towards a greener way of working and living.

However, we do have exciting plans for the year ahead to build further on our social capital, along with the incredible legacy donations received and generous grant awards from local funders, who are so supportive of the work we do, and in our commitment to do more.

Butterfly Therapy Service

Our counselling service continues to be in high demand and the therapy team have responded with the addition of group therapy to complement the free 1:1 sessions we offer. These are proving highly successful and enable us to support people throughout the challenges they face.

Following an extremely bitterly cold official opening of the Therapy Village, we are delighted that the warmer summer months now provide a beautiful and safe haven for those who need our support.

Page 3

THE BUTTERFLY HOSPICE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023

Butterfly Hospice: Where Every Day Matters

Special moments are always treasured at the Butterfly Hospice. This year we have enabled wishes and dreams to come true – often at a moment’s notice and always with the support of people in our community who simply, want to help in anyway they can. We enjoyed another hospice wedding, giving the lovely couple the private and dignified service they so wished for. Between the nursing staff and the chefs’ team, the small wedding party were able to celebrate their union with their closest and dearest family and friends. Another of our guests, a gentleman with a lifelong love of aviation spoke so fondly of his interest in planes, that the charity arranged a very special flyover for his family get together. A pilot, local to the area was incredibly generous in making this gesture, a tribute topped off with a dipping of his wings in honour of our gentleman. Moments like these cannot be underestimated and bring such joy, when there is inevitable sadness to come. Happy tears are indeed very precious. Every day is to be lived with fullness at the Butterfly Hospice.

The sad death of Queen Elizabeth II just months after her Platinum Jubilee was felt across the nation, and by our Hospice.

Our sorrow turned to the anticipation of King Charles III’s Coronation. The hospice held a community afternoon tea to mark the Coronation weekend, and was delighted to greet local residents who joined with us.

One of our patients came for a spot of tea and was given the honour of cutting the ‘Coronation Cake’ and making a speech.

A special garden art piece was made by local Boston College students for a grand reveal at this event.

Commitment to our Community

Our charity continues to push forwards. Retail and Fundraising staff and volunteers have worked exceptionally hard to deliver on our tried and trusted income generating activities and to also identify different ways to raise funds.

Despite the financial climate, we have actively promoted our work across our communities. Local businesses and individual supporters continue to help us in our aims, irrespective of these challenges. Their commitment to our charity is deeply appreciated. On behalf of the Charity team and our wonderful nurses we thank all who have supported us through their generosity of giving!

At the financial year end of 2023, we find ourselves in a very positive economic position, and are looking to capitalise on this in preparation to reaching our 10[th] year of opening in Summer 2024.

Page 4

THE BUTTERFLY HOSPICE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023

STRATEGIC REPORT

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 (closed July 2023), 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.

FINANCIAL REVIEW

Reserves policy

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.

Financial and risk management objectives and policies

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.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

Page 5

THE BUTTERFLY HOSPICE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of The Butterfly Hospice Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Dexter & Sharpe, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 21 November 2023 and signed on the board's behalf by:

........................................................................ Mrs L Lenton – Trustee

Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE BUTTERFLY HOSPICE TRUST

Opinion

We have audited the financial statements of The Butterfly Hospice Trust (the 'charitable company') for the year ended 31 July 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE BUTTERFLY HOSPICE TRUST

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Nicola Lenton, FCCA (Senior Statutory Auditor) for and on behalf of Dexter & Sharpe Chartered Certified Accountants & Registered Auditors Rollestone House 20-22 Bridge Street Horncastle Lincolnshire LN9 5HZ

Date: .............................................

Page 8

THE BUTTERFLY HOSPICE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Shop income
Other trading activities
3
Investment income
4
Other income
Total
EXPENDITURE ON
Raising funds
6
Charitable activities
7
Management & Administration
Hospice costs
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
763,728
687,960
41,745
4,067
7,230
1,504,730
507,654
292,427
200,031
1,000,112
504,618
1,650,223
2,154,841		 Restricted
funds
£
103,502
-
-
-
-
103,502
-
-
39,458
39,458
64,044
460,366
524,410		 2023
Total
funds
£
867,230
687,960
41,745
4,067
7,230
1,608,232
507,654
292,427
239,489
1,039,570
568,662
2,110,589
**2,679,251 **		 2022
Total
funds
£
234,109
753,478
42,213
1,600
8,177
1,039,577
455,835
163,472
210,471
829,778
209,799
1,900,790
2,110,589

The notes form part of these financial statements

Page 9

THE BUTTERFLY HOSPICE TRUST

BALANCE SHEET

31 JULY 2023

Notes
FIXED ASSETS
Tangible assets
13
CURRENT ASSETS
Debtors
14
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
1,038,032
56,347
1,091,880
1,148,227
(31,418)
1,116,809
2,154,841
2,154,841		 Restricted
funds
£
430,730
-
96,076
96,076
(2,396)
93,680
524,410
524,410		 2023
Total
funds
£
1,468,762
56,347
1,187,956
1,244,303
(33,814)
1,210,489
2,679,251
2,679,251
2,154,841
524,410
**2,679,251 **		 2022
Total
funds
£
1,303,259
49,302
792,380
841,682
(34,352)
807,330
2,110,589
2,110,589
1,650,223
460,366
2,110,589

The financial statements were approved by the Board of Trustees and authorised for issue on 21 November 2023 and were signed on its behalf by:

............................................. L Lenton - Trustee

............................................. C Bonneywell - Trustee

The notes form part of these financial statements

Page 10

THE BUTTERFLY HOSPICE TRUST

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2023

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest element of hire purchase or finance
lease rental payments paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2023
£
590,821
-
590,821
(199,312)
4,067
(195,245)
395,576
792,380
1,187,956		 2022
£
214,763
(351)
214,412
(182,713)
1,600
(181,113)
33,299
759,081
792,380

The notes form part of these financial statements

Page 11

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Interest received
Interest element of hire purchase and finance lease rental payments
Increase in debtors
(Decrease)/increase in creditors
Net cash provided by operations		 2023
£
568,662
33,809
(4,067)
-
(7,045)
(538)
590,821		 2022
£
209,799
16,859
(1,600)
351
(16,920)
6,274
214,763

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank and in hand
Total		 At 1.8.22
£
792,380
792,380
792,380		 Cash flow
£
395,576
395,576
395,576		 At 31.7.23
£
1,187,956
1,187,956
1,187,956

The notes form part of these financial statements

Page 12

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

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.

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.

Administration expenditure

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

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 provided
Improvements to property - 10% on reducing balance
Hospice fixtures and fittings - 10% on reducing balance
Shop equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33.3% on reducing balance

Taxation

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

Pension

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme.

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.

continued...

Page 13

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023

2. DONATIONS AND LEGACIES

Donations
Gift aid
Legacies
Grants
Lottery income
Grants received, included in the above, are as follows:
Other grants
3.
OTHER TRADING ACTIVITIES
Fundraising events
4.
INVESTMENT INCOME
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Shop income
Shop income
Furniture & electrical sales
Shop income
Miscellaneous income
Shop income		 2023
£
142,092
2,285
646,109
70,138
6,606
867,230
2023
£
70,138
2023
£
41,745
2023
£
4,067
2023
£
625,945
62,015
-
687,960		 2022
£
76,709
628
140,711
6,541
9,520
234,109
2022
£
6,541
2022
£
42,213
2022
£
1,600
2022
£
552,566
52,487
148,425
753,478

continued...

Page 14

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023

6. RAISING FUNDS

Raising donations and legacies

Staff costs
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Rent
Bank charges
Goods for resale
Internal fundraising events
Cleaning
Legal & professional
Courses/Training
Repairs & renewals
Subscriptions
Depreciation
Other trading activities
Purchases
Staff costs
Warehouse rent
Rates & water usage
Insurance
Light & heat
Bank charges
Cleaning
Legal & professional
Courses/Training
Telephone
Motor expenses
Sundry expenses
Stationery & advertising
Repairs & renewals
Subscriptions
Fundraising costs
Depreciation
Aggregate amounts		 2023
£
197,021
4,736
3,656
14,863
3,831
3,382
551
82,964
5,261
1,715
188
1,112
1,870
143
17,471
190
-
338,954
2023
£
151
44,377
22,660
2,739
3,137
2,161
627
506
-
-
433
12,181
150
2,515
5,519
65
71,479
-
168,700
**507,654 **		 2022
£
178,306
9,771
4,910
9,389
3,282
3,237
972
84,188
4,031
2,848
20
1,627
1,490
390
10,676
-
4,027
319,164
2022
£
7
37,254
23,998
3,706
3,598
3,057
375
205
970
67
415
10,218
1,167
3,407
5,431
-
42,766
30
136,671
455,835

Other trading activities

Page 15

continued...

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023

7. CHARITABLE ACTIVITIES COSTS

Management and administration
Staff costs
Cleaning costs
Light and heat
Catering costs
Goods for resale
Fundraising expenses - internal events
Motor and travel
Courses/training
Rates and water
Insurance
Telephone and internet
Repairs and renewals
Postage, stationery, advertising, printing
Subscriptions
Legal & professional
Accountancy & bookkeeping
Audit
Sundry expenses
Depreciation
Release of grant
Bank charges
Hospice Costs
Rates and water
Motor and travel
Telephone and internet
Postage, stationery, advertising, printing
HP interest
Fundraising expenses - internal events
Bank charges
Insurance
Light and heat
Maintenance, repairs & renewals
Courses/training
Catering costs
Cleaning
Sundry expenses
Depreciation
Release of grant
Subscriptions
Therapy garden expenses
Wages and salaries		 Restricted
Funds
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(337)
-
-
-
-
5,162
(215)
-
-
34,848
39,458
39,458		 Unrestricted
funds
183,207
1,006
12,064
106
190
66
2,785
2,190
1,386
8,509
2,299
29,890
12,390
6,103
584
4,163
4,500
1,458
10,966
(70)
8,633
292,427
327
65
250
635
-
-
85
3,052
2,000

25,302
30
13,990
7,418
2,882
17,681

-
785
952
124,577
200,031
492,448		 Total 2023
183,207
1,006
12,064
106
190
66
2,785
2,190
1,386
8,509
2,299
29,890
12,390
6,103
584
4,163
4,500
1,458
10,966

(70)
8,633
292,427
327
65
250
635
-
-
85
3,052
2,000
24,965
30
13,990
7,418
2,882
22,843
(215)
785
952
159,425
239,489
531,916		 Total 2022
104,772
319
3,224
29
-
246
5,448
2,133
(631)
6,579
2,452
11,780
10,683
-
1,253
4,278
-
2,510
3,268

(105)
4,784
163,472
722
49
352
54
351
6
285
8,481
5,624
28,540
68
11,796
4,003
4,565
9,534

(239)
-
-
136,280
210,471
373,943

Page 16

continued...

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023

8. SUPPORT COSTS

SUPPORT COSTS
Governance
costs
£
Management & Administration 4,500

9. NET INCOME/(EXPENDITURE)

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

Auditors' remuneration
Depreciation - owned assets		 2023
£
4,500
33,809		 2022
£
-
16,859

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2023 nor for the year ended 31 July 2022.

11. STAFF COSTS

Wages and salaries
Social Security Costs
Pension Costs		 2023
£
597,517
37,418
8,828
643,763		 2022
£
458,069
28,911
6,585
493,565

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

Hospice
Management
Retail and Warehouse
Fundraising		 2023
12
5
17
4
38		 2022
13
5
15
3
36

KEY MANAGEMENT PERSONNEL

In the year to 31 July 2023, Key Management Personnel received emoluments totalling £159,034 (2022: £141,996).

No member of staff was paid more than £60,000 in 2023 or in 2022.

continued...

Page 17

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Shop income
Other trading activities
Investment income
Other income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Management & Administration
Hospice costs
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
230,147
753,478
42,213
1,600
8,177
1,035,615
455,835
163,344
205,230
824,409
211,206
1,439,017
1,650,223		 Restricted
funds
£
3,962
-
-
-
-
3,962
-
128
5,241
5,369
(1,407)
461,773
460,366		 Total
funds
£
234,109
753,478
42,213
1,600
8,177
1,039,577
455,835
163,472
210,471
829,778
209,799
1,900,790
2,110,589

continued...

Page 18

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023

13. TANGIBLE FIXED ASSETS

COST
At 1 August 2022
Additions
At 31 July 2023
DEPRECIATION
At 1 August 2022
Charge for year
At 31 July 2023
NET BOOK VALUE
At 31 July 2023
At 31 July 2022
COST
At 1 August 2022
Additions
At 31 July 2023
DEPRECIATION
At 1 August 2022
Charge for year
At 31 July 2023
NET BOOK VALUE
At 31 July 2023
At 31 July 2022		 Shop
equipment
£
38,063
4,811
42,874
15,075
4,170
19,245
23,629
22,988
Freehold
property
£
1,187,605
15,010
1,202,615
-
-
-
1,202,615
1,187,605
Motor
vehicles
£
2,895
-
2,895
2,208
172
2,380
515
687		 Improvements
to
property
£
-
34,340
34,340
-
3,434
3,434
30,906
-
Office
equipment
£
31,343
3,919
35,262
25,173
3,329
28,502
6,760
6,170		 Hospice
fixtures
& fittings
£
161,248
141,232
302,480
75,439
22,704
98,143
204,337
85,809
Totals
£
1,421,154
199,312
1,620,466
117,895
33,809
151,704
1,468,762
1,303,259

continued...

Page 19

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
£
Shop deposits
2,250
VAT
21,291
Prepayments
32,806
56,347
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Trade creditors
16,942
Other creditors
5,206
Fixed Asset Funds
2,077
Accrued expenses
9,589
33,814
16.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
2023
£
Within one year
78,435
Between one and five years
111,675
190,110
17.
MOVEMENT IN FUNDS
Net
movement
At 1.8.22
in funds
£
£
Unrestricted funds
General fund
1,650,223
504,618
Restricted funds
Therapy
141,502
68,783
Hospice restricted
318,864
(4,739)
460,366
64,044
TOTAL FUNDS
2,110,589
**568,662 **		 2022
£
-
25,212
24,090
49,302
2022
£
18,744
8,354
2,362
4,892
34,352
2022
£
103,960
163,860
267,820
At
31.7.23
£
2,154,841
210,285
314,125
524,410
**2,679,251 **

continued...

Page 20

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023

17. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Therapy
Hospice restricted
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Therapy
Hospice restricted
TOTAL FUNDS		 Incoming
resources
£
1,504,730
103,502
-
103,502
1,608,232
At 1.8.21
£
1,439,017
140,502
321,271
461,773
1,900,790		 Resources
expended
£
(1,000,112)
(34,719)
(4,739)
(39,458)
(1,039,570)
Net
movement
in funds
£
211,206
3,962
(5,369)
(1,407)
209,799		 Movement
in funds
£
504,618
68,783
(4,739)
64,044
568,662
At
31.7.22
£
1,650,223
144,464
315,902
460,366
2,110,589

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

Unrestricted funds
General fund
Restricted funds
Therapy
Hospice restricted
TOTAL FUNDS		 Incoming
resources
£
1,035,615
3,962
-
3,962
1,039,577		 Resources
expended
£
(824,409)
-
(5,369)
(5,369)
(829,778)		 Movement
in funds
£
211,206
3,962
(5,369)
(1,407)
209,799

continued...

Page 21

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023

17. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Therapy
Hospice restricted
TOTAL FUNDS		 At 1.8.21
£
1,439,017
140,502
321,271
461,773
1,900,790		 Net
movement
in funds
£
715,824
72,745
(10,108)
62,637
778,461		 At
31.7.23
£
2,154,841
213,247
311,163
524,410
2,679,251

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
Therapy
Hospice restricted
TOTAL FUNDS		 Incoming
resources
£
2,540,345
107,464
-
107,464
2,647,809		 Resources
expended
£
(1,824,521)
(34,719)
(10,108)
(44,827)
(1,869,348)		 Movement
in funds
£
715,824
72,745
(10,108)
62,637
778,461

RESTRICTED FUNDS

Restricted funds include income and assets donated or granted to the charity for specific purposes. The Hospice fund relates to the provision of care within the hospice facilities. The Therapy fund relates to the provision of therapy and counselling sessions made available for patients and their families and friends.

continued...

Page 22

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023

18. CAPITAL COMMITMENTS

Contracted but not provided for in the financial statements 2023
£
11,950		 2022
£
-

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2023.

20. POST BALANCE SHEET EVENTS

After the year end, the shop in Skegness was closed, resulting in two redundancies. A new shop was opened in Horncastle.

21. SHARE CAPITAL

The charitable company is incorporated under the Companies Act as a company limited by guarantee. 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.

Page 23

THE BUTTERFLY HOSPICE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Legacies
Grants
Lottery income
Other trading activities
Fundraising events
Investment income
Deposit account interest
Charitable activities
Shop income
Furniture & electrical sales
Miscellaneous income
Other income
Catering income
Total incoming resources
EXPENDITURE
Raising donations and legacies
Wages
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Rent
Bank charges
Goods for resale
Internal fundraising events
Cleaning
Legal & professional
Courses/Training
Carried forward		 2023
£
142,092
2,285
646,109
70,138
6,606
867,230
41,745
4,067
625,945
62,015
-
687,960
7,230
1,608,232
197,021
4,736
3,656
14,863
3,831
3,382
551
82,964
5,261
1,715
188
1,112
1,870
143
321,293		 2022
£
76,709
628
140,711
6,541
9,520
234,109
42,213
1,600
552,566
52,487
148,425
753,478
8,177
1,039,577
178,306
9,771
4,910
9,389
3,282
3,237
972
84,188
4,031
2,848
20
1,627
1,490
390
304,461

This page does not form part of the statutory financial statements

Page 24

THE BUTTERFLY HOSPICE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023

Raising donations and legacies
Brought forward
Repairs & renewals
Subscriptions
Depreciation of tangible fixed assets
Other trading activities
Goods for resale
Wages
Warehouse rent
Rates & water usage
Insurance
Light & heat
Bank charges
Cleaning
Legal & professional
Courses/Training
Telephone
Motor expenses
Sundry expenses
Stationery & advertising
Repairs & renewals
Subscriptions
Fundraising costs
Depreciation of tangible fixed assets
Charitable activities
Wages
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Cleaning costs
Catering costs
Internal fundraising events
Motor & travel
Courses/Training
Repairs & renewals
Legal & Professional
Accountancy & bookkeeping
Bank charges
Release of grant
Carried forward		 2023
£
321,293
17,471
190
-
338,954
151
44,377
22,660
2,739
3,137
2,161
627
506
-
-
433
12,181
150
2,515
5,519
65
71,479
-
168,700
342,632
1,714
11,561
14,064
2,549
13,025
4,340
8,424
14,096
66
2,850
2,221
54,855
584
4,163
8,718
(285)
485,577		 2022
£
304,461
10,676
-
4,027
319,164
7
37,254
23,998
3,706
3,598
3,057
375
205
970
67
415
10,218
1,167
3,407
5,431
-
42,766
30
136,671
241,052
91
15,060
8,848
2,804
10,737
7,075
4,322
11,825
252
5,497
2,201
40,320
1,253
4,728
5,069
(344)
360,790

This page does not form part of the statutory financial statements

Page 25

THE BUTTERFLY HOSPICE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023

Charitable activities
Brought forward
Subscriptions
Goods for resale
Therapy Garden Expenses
Depreciation of tangible fixed assets
Hire purchase
Support costs
Governance costs
Auditors' remuneration
Total resources expended
Net income		 2023
£
485,577
6,888
190
952
33,809
-
527,416
4,500
1,039,570
**568,662 **		 2022
£
360,790
-
-
-
12,802
351
373,943
-
829,778
209,799

This page does not form part of the statutory financial statements

Page 26