Reglstered number., 05829735 Charity number: 1117576 JOHN EASTWOOD HOSPICE TRUST (a company limited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST la company Ilmlted by guarantee) CONTENTS Page Referencg and admlnlstrativo detalls of the company? its trustees and advisers Chairman's Statement Trustee$. report Independent auditor's report on the flnanclal ststements 10-14 statement of flnanclal actlvltlos 15 Balance sheet 16 statement ol ¢ash flows 17 Notos to the financial statements 18-33 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST la company Ilmlted by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021 Trustees B J Stopford. Treasurer A Haywood D Harradine M Knox, Chaimian H Gregory K Roberts P Toolell, Vice Chairman P Cordin Turton (resigned 18 December 20201 C Rainbow (appointed 3 February 2021) Company r8glstergd numb8r 05829735 Charlty reglstered number 1117576 Regl8tered offlce Mansfield Road Sullon-in-Ashfield Nottinghamshire NG17 4HJ Company secrelary S L Willlams Chlof pxe¢utlve offlcor S L Williams Independent audltor Barnell & Turner Accounlanls Ltd. Slalulory Auditor Cromwell House 68 West Gale Mansfield Nollinghamshire NG18 1RR Page 1 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST (a company limitod by guarantoe) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Bankers Nalwesl Bank PLC 9 Church Street Mansfield Nottinghamshire NG18 1AF Investment advlsors Brewin Dolphin Walerfronl House Walerfronl Plaza 35 Slation Street Noth'ngham NG2 3DQ Inveslec Wealth & Investment Limited Beech House 61 Napier Street Shellield S118HA Page 2 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST la company limitsd by guarantee) CHAIRMAN'S STATENIENT FOR THE YEAR ENDED 31 MARCH 2021 The Ghairman presents his statement ft)r the year. This yearfs statement is wrillen al a lime when we start lo come out of lockdown and reflect on a year of a pandemic that forced significant changes to the delivery of services al John EasoOd Hospice. On reflection there have been many positives to celebrate, and il's my belief that the Twst is in a much stronger and confident position than il was in 12 months ago. The Hospice has undoubtedly been affected by the COVID 19 pandemic. The loss of significant income from the Shops, events and fundraising is evident. However. the Hospice Trust continues lo be well placed financially and this has enabled a numbe¥ of key projects to be completed in year to support the NHS in the provision ol delivering specialist p811ialive care lo the community of Mansfield and Ashfield. The prudent nature the management of the funds is helpful in an otherwise turbulent landscape. We were amazed lo receive a total of £649k in legacy funding, In such uncertain limes this gave the trustees the confidence to continue with much needed refurbishment work, which included a spend of £182k on key palienlsl family areas, and £106K lo replace the ouldaled boiler system. In addition. the trust signed off the purchase of a £13k cuddle bed and spent a further £38k on building Maintenan works. Whilst on full lockdown the lease and fil out of our new Sutton shop progressed and was completed lo enable the new shop to sland out once re-opening was allowed. We also refilled the Hospice and Mansfield shops to give us a new modern feel lo our re-designed brand. The shops were ready lo re-open for the summer with newly appointed staff, bul we are yet to see the true benefit of the shops as they have only ILESI been able lo open as we eased out of lockdown in April. The appointment of a PRI Marketing consultant has enabled the trust lo move forward in raising the hospices social media profile and ensured that the hospice remains in the public eye despite the lack ol fund raising events and opportunities. Results show that this had a positive impact on dlgital fundraising, as in year we were still able lo secure donations to the value of over £100k. Our on-line request for comfort blankets, followed by the announcement of the cuddle bed saw the hospice go viral on two occasions, reaching over 500k people worldwidell The well regarded Tree of Light event became a virtual service raising over £10,500, As this is a new concept we realised we have much lo learn, bul we are excited Ihal in future we will offer a virtual and physical event that will enable far more people lo engage. There have been so many kind gestures and donations in this COVID year from such a diverse range of people who are touched by the work of the hospice. The trust remains indebted to the gener0511y of the tocal Community and people far and wide who so passionately support us. Al the end of March 2020 we had lo send our amazing workforce of volunteers home. This was possibly one of the hardest things for the hospice lo adapt lo. as it was only recently we have been in a position lo slarl planning their return. Our volunteers are the backbone of the hospice, $0 their absence has been hugely felt by all. We continue to advertise for new experience lo join the Board of Trustees and were pleased to weleome Carla Rainbow, who joined in February. Sadly due to COVID work commitments Michelle Turton had to sland down in year. All the staff who have worked through the lockdown period are recognised in this statement and are thanked for their compassion, commitment and loyalty. Page 3 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST {a company limited by guarantee) CHAIRMAN'S STATEMENT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 The Board Tec(4nises the difficult challenges the Trust faces as il moves out of the pandemic. The strategy lo maintain sufficient reserves will keep the trust in a strong financial position as it embeds new strategies and models of working that have been identified and developed in the 2021 - 2024 business plan. We are p051tive that even with uncertainty the Trust has established a sound business and financial plan based on sustainability and growth. It is appaTenl that followng the pandemic the NHS service provision will alter with the introduction of the Clinical and Community Services Strategy. These changes bring about threats, bul more importantly lols of opportunities for the hospice and the trust lo work together. The Board are convinced that in a year of adaption and forward planning it is well placed lo manage these challenges going forward. Al the lime of writing this slalement there 1$ an air of great optimism that we are finally seeing the return of some sort of nom81. M Knox Chair of Tru51ees Dale.. A/[40 Page 4 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST la company Ilmlted by guaTants81 TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2021 The Iruslees present their annual report together with the audited financial statements of the Company for the year 1 April 2020 10 31 March 2021. The annual report serves the purposes of both a trustees. report and a directors, report under company law. The twslees confirm that the annual report and financial statements of the charitable company comply with the current slatulory Tequirements. the requirements of the charitable company's governing document and the provisions of the Slalement of Recommended Practice ISORPI applicable to charities preparing their aGcounls in accordance with the Financial Reporting Standard applicable in the UK and Republie of Ireland IFRS102} leffeclive l January 20151 as amended by Update Bulletin 2 leffeclive January 20191. Since the company qualifies as small under section 382 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies A¢1 2006 Islralegic Report and Directors, Reporti Regulations 2013 has been omitted. Objectives and activitles a. Policles and oblectlves The memorandum and articles Incorporate the following mission slatemenl.. "To support County Health Partnerships or any su¢¢essor body having resp)nsibility lor the provision of palli81ive care services in the area served by the NHS trust, in the organisalion and delivery of palliative care servi¢es both in the"John EaSoOd Hospice" {"Ihe hospice l and in the Gommunily by: The recruilmenl, training and organisation of a team of volunteers lo support and supplement the professional care stsff in the hospice and the community in order to enhan¢e the environment and quality of life for patients and their families. The provision of resources so as lo enable patsenls and their families lo receive those additional andlor superior services and supwrt which may from time lo lime not be provided by County Health Partnerships or its successor. To develop, extend and improve the facilities and 5ervi¢es available both within the hospice and the community for the benefit of patients and their families. To support and encourage education and training for those engaged in the organisalion, delivery and support of palliative care services both within the hospice and in the community" The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives. In selling objectives and planning for activities, the Irustees have given due consideration lo general guidance published by the Charity Commission lating lo public benefit, including the guidance 'Public benefit.. running 8 charily IPB21'. Page 5 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST (a company Ilmlled by guarantee) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2021 Objectives and activitles Icontinuedl b. Volunteers The hospiee trust continues lo benefit from a slTong team ot volunteers. At the end of March, there were 184 registered volunteers operating in the following areas.. Reption Day care Day-patienl drNers Nurses slalion Day care office Tea bar Clerical duties Library assistants Flower care Hairdressing Charity shops Support groups Achievemgnts and performance a. Review of activities These are summarised in the chairman's statement. Flnanclal review a. Golng concern After making appropriate enquiries. the Iruslees have a reasonable expectation that the company has adequate resources lo continue in operational existence for the foreseeable future. For this Teason, they continue lo adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found In the accounting poll¢ies. b. Reserve$ pollcy The charity needs reseNes to enable il lo meet both its ongoing commitments in respect of ils general charitable activities and lo meet its future operating Tequirements. The level of lolal reserves is judged appropriate for the present situation and needs of the charity. The Iruslees will review this position and policy on an annual basis. structure, governance and managemgnt a. Constitutlon John Eastwood Hospice Trust is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 26 May 20W, as amended by wrillen resolution dated 22 August 2006. Page 6 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST la company Ilmlted by guarantool TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 structurg, governance and management Icontlnuedl b. Methods ol appointment or ele¢tlon of trustees The management of the company is the responsibility of the twstees who are elected and co-opted under the terms ol the Memorandum of Association. Trustees are appointed for an initial three~year lemi of office, following which they may seek re-election for Iwo further three-year terms. They serve a maximum of nine years. Organlsational structure and decision-maklng pollcie$ The Iruslees are responsible frjr strategic decisions regarding the objectives and future operation of the charity. They initiate plans for major capital projects, approve investment policies and determine policy for the funding of hospice support initiatives. The hospice trust manager is responsible for day-to-day management decisions. Trustees.. The trustees are appointed in accordance with the memorandum and articles of association. The trustees are responsible for the overall governance of the charity. Trustees are elected on the recommendation of fellow directors. One third of the trustees shall retire at each annual general meeting. The following existing trustees will retire and will be seeking re-election.. M Knox H Gregory B Stopford d. Policies adopted for the Inductlon and tralnlng of trustegs The Iruslees are responsible for the management of the risks faGed by the hospice. Risks are identified and assessed, and controls established, throughout the year. The Iruslees are satisfied that the major risks identified have been adequately mitsgaled where necessary. e. Financial rlsk management The Iruslees are responsible for the management of the risks faced by the hospice. Risks are identified and assessed, and controls established, throughout the yeaf. The Iru51ees are satisfied that the major risks identified have been adequately mitigated where necessary. Plans for future periods The trust aims to provide a calm and pleasant environment in which to provide high quality compassionate care for our patients, families and friends. Page 7 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST la ¢ompany Ilmlted by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Information on fundralslng practlce8 The charity employs a Fundraising and Events Manager who is responsible for all fundraising activities ndertaken on behalf of the charity, both in the hospice and in the community. She is not a professional fundraiser. There has been no undertaking for her lo be bound by any voluntary scheme or voluntary slandard of fundraising in respect of those activities. Fundraising activities are not monitored, bul any new initiab'ves will be subject lo the approval of the Chief Executive Officer. No complaints have been received in respect of any fundraising activities undertaken. The charity does not support'aggressive, fundraising. We would never approach individuals either face lo face or by telephone for the purpose of procuring money. Our annual mail out is in the form of a newsletter and calendar of events. statement of trustees. responslblllties The Iruslees (who are also the directors of the company for the purposes of company lawl are responsible for preparing the trustees, report and the financial slalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees lo prepare fi'nancial statements for each fi'nancial . Under company law, the trustees must not approve the financial slalements unless they are satisfied that they give a true and fair view of the stsle of affairs of the ¢omp8ny and of its incoming resources and application of resources. including ils income and expenditure, for that period. In preparing these financial statements, the trustees are required to.. select surtable 8ccounling policies and then apply them consistently.. observe the methods and principles of the Charities SORP IFRS 1021., make judgements and accounting estimates that are reasonable and prudent. stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial slalemenls., prepare the financial statements on the going eoncern basis unless il is inappropriate to presume that the company will continue in business. The trustees are responsible for keeping adequate a¢counling recoTds that are sufficient lo show and explain the company's transactions and disclose with reasonable accuracy al any tr'me tho financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Disclosure of informatlon to audltor Each tsf the persons who are trustees at the lime when this trustees, report is approved has confirmed Ihal.. so far as that Iruslee is aware, there 15 no relevant audit information of which the Charity's auditor is unaware, and that tru51ee has taken all the steps that ought to have been taken as a trustee in order lo be aware of any relevant audit information and lo establish that the charity's auditor is aware of that infomialion. Page 8 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST la company Ilmlted by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Auditor The auditor, Barnett & Turner Accountants Ltd., has indicated ils willingness lo continue in office. The designated trustees will propose a motton reappointing the auditor al a meeting of the Iruslees. Approved by order the members of the board and signed on their behalf by., trustees on M Knox (Chair ol Trusleesl Page 9 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST (a company Ilmlted by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF JOHN EASTWOOD HOSPICE TRUST Oplnlon We have audited the financial statements of John Eastwood Hospice Trust Ilhe 'charitable company'l for the year ended 31 March 2021 which comprise the Statement ol Financial Aclivilies, the balance sheet, the slalemenl of cash flows and the related notes. 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, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Praclicel. In our opinion the financial 5talements'. give a true and fair view of the slate of the charitable company's affairs as at 31 March 2021 and of ils incoming resour5 and application of resources, including ils income and expenditure for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accept Accounting Practice", and have been prepared in accordance with the requirements ol the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS {UKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities lor the audit of the financial statements section of our report. We are independent of the charitable compsny in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 lor our opinion. Concluslons relating to going Concern In auditing the financial slatemenls, 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 lo continue as a going concern for a period of at least twelve months from when the financial slalemenls are aulhorised for issue. Our responsibilities and the responsibilities of the Iru51ees with respect lo going concern are described in the relevant section5 of this report. Page 10 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST la company Ilmlted by guarantee) INDEPENOENT AUDITOR'S REPORT TO THE MEMBERS OF JOHN EASTWOOD HOSPICE TRUST ICONTINUEDI Other informatlon The other information comprises the infomialion included in the annual report other than the financial statement5 and our auditor's report Ihereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial 51atemenls does not cover the other information and, except lo the extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. Ovr responsibility is lo 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 course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misslalemenls, we are required lo determine whether this gives rise lo a material misstatement in the financial slalemenls themselves, If, based on the work we have performed, we conclude that there is a material misslalemenl of this other information, we are required lo report that fact. We have nothing to report in this regard. Oplnlon on other matters pScrIbed by the Cornpani¢$ Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Report for the financial year for which the fsnaneial statements are prepared is consistent with the financial slalemenls. the Trustee5' Report has been prepared in accordance with applicable legal requirements. Pdlatters on which we are required to rgport by exceptlon In the light of our knowledge and understanding of the charitable company and ils environment oblalned in the course of the audit, we have not identified material misstatements In the Trustees, Report. We have nothing lo report in respect of the following matters in relation to which Companies Act 2006 requires us lo report lo you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us,. or the financial statements are not in agreement with the accounting records and rernS., or certain disclosures of Iruslees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit., or the Iruslees were not entitled lo prepare the financial statements in accordance with the small companies regime and lake advantage of the small companies, exemptions in preparing the Trustees, Report and from the requirement to prepare a Strategic Report. Page 11 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST (a company Ilmlted by guarantèe) INDEPENDENT AUDITOR'S REPORT TO THE MEPJIBERS OF JOHN EASTWOOD HOSPICE TRUST ICONTINUED) Responslbllltles of trustees As explained more fully in the Iruslees, responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company lawl 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 trustee5 determine is necessary to enable the preparats'on of financial statements that are free from material misslalemenl, whether due to fraud or error. In preparing the finanGial slatemenls, the trustees are responsible for assessing the charitable company's ability lo continue as a going Concern, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the trustees either Intend lo liquidate the charitable company or to cease operations, or have no realistic allernalive bul lo do so. Page 12 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST {a company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF JOHN EASTWOOD HOSPICE TRUST ICONTINUEDI Auditor's responsibilities for the audit of the flnanclal $tatÈmènts OUT objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslalèmenl, whether due lo fraud or error, and to issue an audilorfs report 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 il exists. Misslalements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial Slatemenls. Irregularities. including fraud. are instances of non-compliance with laws and regulations. We de51gn procedures in line with our responsibilities. outlined above. lo delecl material misstatements in respect of irregularits'es. ineluding fraud. The exlenl to which our procedures are capable of detecting irregularities, including fraud is detailed below.. We obtained an understanding of the legal and regulatory frameworks within which the company operates, focusing on those laws and regulations that have a direct eflecl on the determination of material amovnls and disclosures in the financial slatemenls. The laws and regulations we considered in this context were the Companies Act 2006 and Current taxation legislatlon. We identified the greatest risk of material impact on the financial slalemenls from irregularities, including fraud, to be the ability of the company to continue as a going concern and the override of Controls by management. Our audit procedures to respond to these risks included enquiries of management about the process undertaken lo reach their conclusion on going concern and their own idenlilication and assessment of the risks of iriegularilies caused by management override of controls. sample testing on the posting of journals and reviewing accounting estimates for biases. Owing lo the inherent limitations of an audit. there is an unavoidable risk that we may not have detected some material misstatements in the financi81 statemen15. even though we have propeAy planned and performed our audit in aecordance wlth auditing standards. We are not responsible for preventing non-compliance and cannot be expeeled lo delecl non-compliance with all laws an(J regulations. These inherent limitations are particularly significant in the case of MsSIateMent resulting from fraud as this may involve sophislicaled schemes designed to avoid detection, including deliberate failure lo record Iransaclions, collusion or the provision of intentional misrepresentations. A further description of our Tesponsibi1ilies for the audit of the financia5 statements is located on the Financial Reporting Council's website al.. www.frc.o .uklauditorsres onsibililies. This description forms part of our auditorfs report. Use of our report This report is made solety to the charitable company's members. as a body, in a¢cordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stal@ to the charitable company's members those mallers we are required to stale lo them in an auditor's report and for no other purpose. To the fullest exlenl permilled by law, we do not accept or assume responsibility lo anyone other than the eharilable company and ils members, as a body, for OLtr audit work, for this report. or for the opinions we have lormed. Page 13 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST {a company Ilmlted by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF JOHN EAST¥VOOD HOSPICE TRUST {CONTINUED) Jonathan Wilson FCA CTA (senior statutory audltor) for and on behalf of Barngtt & Turner Accountants Ltd. Statutory Auditor Cromwell House 68 West Gale Man51ield Nollinghamshire NG18 1RR Dale.. Page 14 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST la company limited by guaranto91 STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME ANO EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2021 Unrestrlcted funds 2021 Rostrlctod funds 2021 Total funds 2021 Total funds 2020 Note Income from". Donations and legacies Other fLJndraising actniilies Investments 880.591 72,073 71,674 880,591 72,073 71.674 445,270 156,106 87,054 Total Income 1.024.338 1,024,338 688,430 Expenditure on.. Raising funds Charitable activities 125,516 496,736 125.516 496,736 107,476 391,917 Total exponditurfj Net Income before net galnslllo8ses} on Inve$tments 622,252 622.252 499,393 402,086 791,806 402,086 791,806 189,037 Net gainslllossesl on investments 1290,0641 1,193.892 1.193.892 Net rnovem8nt in fundts 1101,0271 Reconclllatlon of funds: Total funds brought forward Net movement in funds 7,247,763 1,193,892 60,552 7,308,315 1,193,892 7,409,342 1101,0271 Total funds carried forward 8.441,6S5 60,552 8,502.207 7.308,315 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 18 10 33 fomi part of these financial slalemenls. Page 15 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST {a company limited by guarantee) REGISTERED NUMBER: 05829735 BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Note Fixed assets Tangible assets Investments 12 13 3.759.697 4,475.026 3,670,161 3,384,846 8,234,723 7,055,007 Curront assets Debtors Investments Cash al bank and in hand 14 15 12.669 169,225 94,743 12.392 66,225 184.389 276,637 263.006 Creditors.. amounts falling due within one year 16 19,153} {9,6981 Not current assets 267,484 253.308 Total net a88ets 8.502.207 7,308.315 Charity funds Restricted funds Uniestricled funds 17 60.552 8,441.655 60,552 7.247,763 17 Total tunds 8,502.207 7.308,315 The Iru5tees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial stalemenls. The financial statement5 have been prepared in accordance with the provisions applicable lo entities subject to the small companies regime. The financial 51alements were approved and authorised for issue by the Iruslees and signed on their behalf by.. on Trustee The notes on pages 18 to 33 form part of these financial slalemenl5. Page 16 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST la company limitod by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Note Cash flows from opgrating activities Nel cash provided by operating activities 19 501,681 235.537 Cash flows from investing actlvitles Purchase of tangible fixed assets Purchase of investments 1233,3271 1255,0001 17.4801 {140,0001 Net cash used In investlng actlvStles 1488.3271 {147.4801 Cash flows from flnancing activities Net cash provlded by financlng actlvltles Change In cash and cash equivalents In the year Cash and cash equivalents al the beginning of the year 13.354 88.057 250,614 162,557 Cash and cash equlvalents at the end of the year 20 263.968 250,614 The notes on pages 18 10 33 form part of these flnanclal statements Page 17 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST la company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accountlng pollcles 1.1 Basls of preparatlon of linanclal statement$ The financial statements have been prepared in accordance with the Charities SORP {FRS 1021 Accounting and Reporting by Ch8ri1ies.' 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 1021 leffeclive 1 January 20151, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. John EaSoOd Hospice Trust meets the definition of a public benefil entity undei FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise staled in the relevant accounting policy. 1.2 Golng concern Al the date of signing there is a degree of uncertainly about the full economic impact of COVID-19. The trustees continue lo monitor the position closely however they believe that the company can continue at ils current level of activity and that the current level of reserves are salisfaclory lo address the Twst's objectives and future plans. They therefore continue to adopt the going concern basis. 1.3 Income All income is recognised once the company has enlitlemenl to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognrtion of income from legacies is dependent on establishing enlillemenl. the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the company has sufficient evidence that a gift has been left to them {Ihrough knowledge of the existence of a valid will and the death of the benefaclorl and the executor is satisfied that the property in question will not be required lo satisfy claims in the estate. Receipt of a legacy must be COgniSed when it is probable that il will be received and the fair value of the amount receivable, which will generally be the expected cash amount lo be distributed to the company, can be reliably measured. Grants are included in the statement of finan¢i818clivities on a receivable basis. The balance of income received for specific purposes bul not expended during the period is shown in Ihe relevant funds on the balance sheet. Where income is received in advance of enlitlemenl of receipt, ils recognstion is deferred and included in creditors as deferred income. Where entillemenl occurs before income is received, the income is 8ccrued. Gifts in kind donated for distribution are included 81 valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Income tax recoverable in relation to investment income is iecognised at the time the investment income is receivable. Page 18 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST (a company limitgd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Aceountlng pollcles {contSnued) 1.4 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party. il is probable that a Iransler of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classilied by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs allributable to a single activity are allocated directly to that activity. Shared costs which contribute lo more than one activity and support costs which afe not allribulable lo a single activity are apportioned between those activities on a basis consislenl with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation char9es allocated on the portion ol the asset's use. Expenditure on raising funds includes all expenditure incurred by the company lo raise funds for its charitable purposes and includes cosls of all fundraising activitie5 events and non-charitsble trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 1.5 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company,. this is normally upon notification of the interest pald or payable by the institution with whom the funds are deposited. 1.6 Tanglble flxed assets and dgpreclatlon Tangible fixed assets costing £1000 or more are capilalised and recognised when ftjture economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised al cost. After recognition, under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working ¢ondltion should be included in the measurement of cost. No depreciation is provided on freehold land. At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined lo be the higher of 115 fair value less costs lo sell and ils value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Depreciation is Gharged so as to allocate the cost of tangible fixed assets less their iesidual value over their eslimaled useful lives, Depreciation 15 provided on the following bases.. Freehold property Motor vehicles Fixtures and fittings straight line over 50 years 25Yo slraighl line basis 25Qk slraighl line basis Page 19 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST (a company limlted by guarantge) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policles Icontlnuedl 1.7 Investments Fixed asset investments are a form of financial instrument and are inilialty recognised al their transaction cost and subsequently measured al fair value at the balance sheet dale, unless the value cannot be measured reliably in which case it is measured al cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLosses} on investments, in the statement of financial activities. 1.8 Debtors Trade and other debtors are recognised al the selllemenl amount after any trade discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. 1.9 Cash at bank and In hand Cash al bank and in hand includes cash and short-lerm highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 1.10 Llabilities and provlslons Liabilities are recognised when there is an obligation al the balance sheet dale as a result of a past event, il is probable that a transfer ol economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised al the amount th81 the company anticipates il will pay lo sellle the debt or the amount il has received as advanced payments for the goods or services il musl provide. Provisions are measured at the best estimate of the amounts required to setue the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted al the pre-tax discount rate that reflects the risks specific to the liabilily. The unwinding of the discount is recognised in the slalemenl of financial activities as a finance cost. 1.11 Fina*tlal Instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments ao initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 1.12 Operating leases Rentals paid under operating leases are charged lo the statement of financial activities on a slr8ight line basis over the lease term. 1.13 Pensions The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company lo the fund in respect of the year. Page 20 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST (a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accountlng pollcles Icontlnuedl 1.14 Fund accountlng General funds are unrestricted funds which are available for use al the discretion of the trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes lo the financial slalemenls. Restricted funds are funds which are to be used in accordance wllh specilic reslriclions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and gdminislering such funds are charged against the specific fvnd. The aim and use of each restricted fund is set out in the notes lo the financial slatemenls. Investment income, galns and losses are allocated lo the appropriate fund. 1.15 Support group5 The vaiious support groups are regarded as autonomous. The financial slalements do not include the activities of these groups, bul donations from them are included in income as received. General Infomiatlon John EaS00d Hospice Trust is a company limited by gualanlee. registered in England and Wales, registration number 0582973S and a charitable company registered with The Charity Commission, registration number 1117576. In the event of the company being wound up. the liability in respect of the guarantee is limited lo £10 per member of the company. Page 21 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST (a company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Income from donatlons and l¢gacle$ Unrestrlcted funds 2021 Total funds 2021 Total funds 2020 Donations 177,343 648,957 54,291 177,343 648,957 54,291 213,203 232,7 Legacies Grants 880,591 880,591 445,270 Total 2020 445,270 445,270 Income from other tradlng actlvStle8 Income from fundraising events Unrestrlcted funds 2021 Total funds 2021 Total funds 2020 Charity shops, seasonal fairs and other aelivilies Support groups 45,753 26,320 45.753 26.320 137,262 18,844 72,073 72,073 156,105 Total 2020 156,106 156,106 Page 22 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
. JOHN EASTWOOD HOSPICE TRUST la company Ilmlted by gu•rantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Investment Income Unrestricted funds 2021 Total funds 2021 Total funds 2020 Income from local listed investments Bank and building society interest 71,483 191 71,483 191 86,551 503 71,674 71,674 87,054 Total 2020 87,054 87,054 Expenditure on raising funds Costs of raising voluntary Income Unrestricted funds 2021 Total funds 2021 Total funds 2020 Promotional rnaterials and supplies Rent and rates Tea bar and shop supplies Other costs Voluntary income staff costs 2,526 17,712 2,564 8,551 66.054 2.526 17.712 2,564 8,551 66.054 7,164 14,041 1,789 8,736 49,169 97,407 97,407 80,899 Total 2020 80.899 80,899 Page 23 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST la company Ilmlted by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Investment management costs Unrestrlcted funds 2021 Total funds 2021 Total funds 2020 Investment management fees 28,109 28,109 26,577 Total 2020 26,577 26,577 Analy$ls of expendlture on charltable actlvltles Summary by cost type Unrestricted Restrlcted funds funds 2021 2021 Totsl funds 2021 Total funds 2020 Volunteers, Iravelling expenses Building, fvrniture, equipment and maintenance Insurance NHS staff costs Telephone, postage, printing and stationery NHS catering subsidy Other costs Professional fees Wages and salaries Depreciation Accountancy fees 260 260 11,614 124,383 12,298 52,189 21,992 17,027 10,291 18,816 89.689 143.791 6,000 124,383 12.298 52,189 21,992 17,027 10.291 18,816 89,689 143,791 6,000 40,098 11,898 63,210 8.274 18,756 11,288 12,464 89,838 118,477 6,000 496,736 496,736 391,917 Totsl 2020 391,250 391,917 Page 24 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST la company Ilmited by guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 AudStor'8 remuneratlon 2021 2020 Fees payable to the companws auditor for the audit of the company's annual accounts 3,000 3.000 Fees payable to the company's auditor in respect of.. All non-audit services not included above 3,000 3.000 10. Staff costs 2021 2020 Wages and salaries 155,743 139,007 The average number of persons employed by the company during the year was as follows.. 2021 No. 2020 No. Charitable activities Costs of generating voluntary income No employee received remuneration amounting lo more than £60,000 in either year. Key management salaries amounted lo £45,604, employerfs national insurance of £5.082 and pension costs of £2.726. Trustees. remuneratlon and expenses Duiing the year. no trustees received any remuneration or other benefits12020 - £NILI. During the year ended 31 Maich 2021, no trustee expenses have been incurred {2020 - £NILI. Page 25 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
. JOHN EASTWOOD HOSPICE TRUST la ¢ornpany Ilmlted by guaranto9 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 12. Tangible fixed assets Freehold property Motor Flxtures and vehicles flttings Total Cost or valuation Al 1 April 2020 Additions 4,646,758 108,960 45,207 373,162 124,367 5,065,127 233,327 Al 31 March 2021 4,755,718 45,207 497,529 5,298,454 Depreciation At 1 April 2020 Charge for the year 1,014.876 84,406 33,906 11,301 346,184 48.084 1,394.966 143,791 At 31 March 2021 1,099,282 45,207 394.268 1.538,757 Net book value Al 31 March 2021 3.656,436 103,261 3.759,697 Al 31 March 2020 3,631,882 11,301 26,978 3,670,161 Included inland and buildings is freehold land at cost of £535,399 which is not depreciated. Page 26 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST la Gornpany Ilmltod by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 13. Flxed a8set Investments Listed Investments Cost or valuatlon Al 1 April 2020 Additions Disposals Revaluations 3,384,846 326,483 128,1091 791,806 At 31 March 2021 4.475,026 Net book value Al 31 March 2021 4,475,026 At 31 March 2020 3,384,846 14. Debtors 2021 2020 Prepayments and accrued ineome 12,669 12.392 15. Current asset Investments 2021 2020 Vnlisled investments 169,225 66,225 Page 27 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST {a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 16. Crgditors.. Amounts falling due wlthin one year 2021 2020 Other creditors Accruals 8nd deferred income 548 9.150 9.153 9,153 9,898 Page 28 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
. JOHN EASTWOOD HOSPICE TRUST {a company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 17. Statement of funds Statement of funds - currgnt year Balance at 31 March 2021 Balance at 1 April 2020 Transfers Inlout Gainsl (Losses) Income Expgnditurt Unrestrlcted funds Deslgnated funds Land and Buildings Fund 3,631,882 24.554 3,656.436 Genoral fund6 General Fund 3,615,881 1,024.338 1622,2521 124.5541 791,806 4,785,219 Totsl Unrestrl¢ted funds 7.247,763 1,024,338 1622.252} 791,806 8.441,655 Restrictèd funds Training Fund 60.552 60,552 Total of funds 7,308,315 1,024,338 1622,2521 791,806 8,502,207 Page 29 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST la company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 17. Statement of funds Icontinuedl statement of funds - prlor year Balance al 31 March 2020 Balance al 1 April 2019 Transfers inloul Gainsl {Lossesl Income Expenditure Unrèstrlcted funds Designated funds Land and Buildings Fund 3.709,728 177,8461 3,631,882 General funds General Fund 3,638,395 688,430 1498,7261 77.846 {290,0641 3.61 S,881 Total Unrestrl¢ted fund¥ 7,348,123 688,430 1498,726} 1290,064} 7,247,763 Restrlcted funds Reslricled Funds all funds 61,219 16671 60,552 Total of funds 7,409,342 688,430 1499,393) 1290,0641 7,308.315 The land and building fund represents the amount of charity funds locked up in freehold property held for operational purposes, and is equivalent lo its year*nd book amount. The general fund represents the charity's reserves held as working capital for general operational purposes. The training fund represents amounts Teceived from local authorities and set aside by the trust lo be spent on staff training. P8ge 30 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST la ¢ompany Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 18. Analysls of net assets between funds Analysls of net assets between funds - current year Unrestricted funds 2021 Restrlctgd funds 2021 Totsl funds 2021 Tangible fixed assets Fixed asset investments Current assets CTedltors due within one year 3,759,697 4,475,026 216,085 19,1531 3.759,697 4,475,026 276,637 19,1531 60.552 Total 8,441,655 60,552 8,502,207 Analy$l$ of net assets between funds - prlor year Unrestricted funds 2020 Reslricled funds 2020 Total funds 2020 Tangible flxed 8ssels Fixed asset investments Current assets Creditors due within one year 3,670,161 3.384,846 202,454 19,6981 3,670,161 3,384,846 263,006 19.6981 60.552 Totsl 7,247,763 60,552 7.308,315 Page 31 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST {a company Ilmlled by guarant6el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 19. Reconclllatlon of net movement in funds to net cash flow from operatlng actlvitles 2021 2020 Nel incomelexpendilure for the year las per Statement of Financial Activities) 1,193.B92 1101.0271 Adlustments for: Depreciation charges Lossesllgainsl on investments Dividends, interests and rents from investmenls Increase in debtors Decrease in creditors 143,791 1791.8061 143,3741 12771 15451 118,477 290,064 159,5931 110.0011 {2,383} N¢t cash provlded by operatlng actlvitios 501,681 235,537 20. Analys18 olcash and ca8h equivalents 2021 2020 Cash in hand Notice deposits Ile5S than 3 months} 94,743 169,225 184,389 66,225 Total cash and cash equlvalonts 263,968 250,614 21. Analys1$ of changes In not debt At 1 April 2020 Cash flows At 31 Mareh 2021 Cash al bank and in hand Liquid investments 184,389 66,225 189.6461 103.000 94.743 169,225 250,614 13,354 263,968 Page 32 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56
JOHN EASTWOOD HOSPICE TRUST {a company Ilmlted by guaranteg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 22. Capltal commltments 2021 2020 Contracted for but not provided In these financlal statements Acquisits'on of tangible fixed assets 11,794 237,000 23. PeD5ion commitments The company operates a defined contributiors pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted lo £5,345 12020 - £3,970). There was £Nil12020 - £5481 payable lo the fund at the balance Sheet date. Operatlng lease commitments Al 31 March 2021 the company had commitments lo make lulure minimum lease payments under non- cancellable operating leases as follows.. 2021 2020 Later than 1 year and not later than 5 years 73.500 22.750 25. Related party transactlon8 There are no transactions with related partie5 to dlsclose during the year. Page 33 Tra¢ey.Barker@nollsh¢.nhs.uk | C718R410625 | 1811112021 | 12..27..56