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2022-03-31-accounts

Registered 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 2022

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the company, its trustees and advisers 1 - 2
Chairman's statement 3 - 4
Trustees' report 5 - 9
Independent auditor's report on the financial statements 10 - 14
Statement of financial activities 15
Balance sheet 16
Statement of cash flows 17
Notes to the financial statements 18 - 33

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022

Trustees

B J Stopford, Treasurer A Haywood K L Sallis (appointed 4 August 2021) D Harradine M Knox, Chairman H Gregory (resigned 3 November 2021)

K Roberts P Tootell, Vice Chairman P Cordin C Rainbow

Company registered number

05829735

Charity registered number

1117576

Registered office

Mansfield Road Sutton-in-Ashfield Nottinghamshire NG17 4HJ

Company secretary

T L Joyce

Chief executive officer

T L Joyce

Independent auditor

Barnett & Turner Accountants Ltd. Statutory Auditor Cromwell House 68 West Gate Mansfield Nottinghamshire NG18 1RR

Page 1

JOHN EASTWOOD HOSPICE TRUST (a company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Bankers

NatWest Bank PLC 9 Church Street Mansfield Nottinghamshire NG18 1AF

Investment advisors

Brewin Dolphin Waterfront House Waterfront Plaza 35 Station Street Nottingham NG2 3DQ

Investec Wealth & Investment Limited Beech House 61 Napier Street Sheffield S11 8HA

Page 2

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2022

The chairman presents his statement for the year.

The last year has seen a slow return to normal for the workings of the Hospice Trust following two years of Covid-interrupted disruption. The Hospice itself continues to thrive in difficult circumstances and the quality of care that is provided is credit to the tireless NHS and Trust staff that work there. To continue to provide a specialist service throughout the pandemic has shown the true strength of the clinical staff and the community that the Hospice so depends upon.

The trust has continued to build on its good reputation for fundraising and then the investment of those funds into the Hospice itself. This year, the Trust has funded replacement polyethylene garden furniture which is made from 100% recycled plastics significantly reducing landfill waste and proving to be excellent from a maintenance perspective as this material does not split, warp, fade and is resistant to wood boring insects. We completed a mini refurbishment of the hair salon as well as the retreat room which doubles as a multifaith area. These rooms can be enjoyed by all who need to reflect and take time for themselves during the difficult working conditions throughout covid, promoting well-being and the importance of staff welfare. In compliance with infection control during the pandemic, in-patient visitor chairs and patient recliner chairs were replaced with seating made from wipeable fabrics to ensure optimum hygiene standards could be met. Air purifier units were also purchased for all patient areas to help control the spread of Covid 19. The Trust is in great financial shape to meet the needs of the community for the years to come despite the economic uncertainty.

Fundraising activities have been understandably curtailed in and around the Hospice this year as we have had to protect movement in the Hospice due to the continuing Covid restrictions but the general public’s response to fundraising has returned very well and the John Eastwood Hospice continues to get incredible support from the local community. We are looking forward to the return of the fund raising Fayres and the other highlights of the Hospice calendar. The Trust is keen to open the Hospice to larger groups of the community who might benefit from the facilities.

The success of the retail expansion has been great to see as the shops in Mansfield and Sutton have benefitted from professional support and planning and as a result revenue has increased considerably. The first year of the Sutton shop and the revitalisation of the Mansfield Shop have seen increased sales but also increased chances for the public to engage with the Hospice. Donations to the shops are at record levels as the local community have continued their generosity. Online sales are also booming and the Trust is continuing to develop an online presence to attract fundraising and engagement with a diverse range of supporters moving forward.

The Trust has continued to fund important roles at the Hospice to compliment the NHS clinical care and to support in roles that might otherwise not get funding but which nevertheless ensure that the Hospice runs effectively. Trust funding ranges from receptionists to complimentary therapists and the Trust has earmarked future funds to support the provision of psychology and mental health provision as part of it’s local specialist palliative care.

Day services have been revamped and it is hoped we will see increasing numbers as the service develops and the service provision returns to normal. The Hospice as always benefits from its strong network of volunteers who have been incredibly giving of their time. Moving forwards the Trust will be looking at the skills within the volunteer force to ensure that they can be utilised in the most efficient way to benefit all of the visitors to the Hospice.

We have had a change at the top this year with the appointment of Tracey Joyce as the new Trust Manager. Tracey has been with the John Eastwood Hospice Trust for many years now in various roles including finance and brings all the right skills to a challenging but rewarding job. The Trust is very much looking forward to working with Tracey and together making a real difference in the years to come.

Page 3

JOHN EASTWOOD HOSPICE TRUST (a company limited by guarantee)

CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

The next year will see further work towards the development of the in-care unit at the Hospice which is the next major project the Trust will be working towards with the NHS staff to ensure that the provision of clinical excellence at the John Eastwood continues well into the future. Currently the project is at early stages with as much information as possible being gathered to ensure the funds are used in the best way to improve the services and ensure that the Hospice remains at the forefront of specialist palliative care in the area.

M Knox Chair of Trustees Date: 25th August 2022

Page 4

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their annual report together with the audited financial statements of the company for the year 1 April 2021 to 31 March 2022. The annual report serves the purposes of both a trustees' report and a directors' report under company law. The trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) as amended by Update Bulletin 2 (effective January 2019).

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 Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The memorandum and articles incorporate the following mission statement:

"To support County Health Partnerships or any successor body having responsibility for the provision of palliative care services in the area served by the NHS trust, in the organisation and delivery of palliative care services both in the "John Eastwood Hospice" ("the hospice") and in the community by:

The recruitment, training and organisation of a team of volunteers to support and supplement the professional care staff in the hospice and the community in order to enhance the environment and quality of life for patients and their families.

The provision of resources so as to enable patients and their families to receive those additional and/or superior services and support which may from time to time not be provided by County Health Partnerships or its successor.

To develop, extend and improve the facilities and services 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 organisation, 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 setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Page 5

JOHN EASTWOOD HOSPICE TRUST (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Objectives and activities (continued)

b. Volunteers

The hospice trust continues to benefit from a strong team of volunteers. At the end of March, there were 172 registered volunteers operating in the following areas:

Reception Day care Day-patient drivers Nurses station Day care office Tea bar Clerical duties Library assistants Flower care Hairdressing Charity shops Support groups

Achievements and performance

a. Review of activities

These are summarised in the chairman's statement.

Financial review

a. Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to 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 policies.

b. Reserves policy

The charity needs reserves to enable it to meet both its ongoing commitments in respect of its general charitable activities and to meet its future operating requirements. The level of total reserves is judged appropriate for the present situation and needs of the charity. The trustees will review this position and policy on an annual basis.

Structure, governance and management

a. Constitution

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 2006, as amended by written resolution dated 22 August 2006.

Page 6

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Structure, governance and management (continued)

b. Methods of appointment or election of trustees

The management of the company is the responsibility of the trustees who are elected and co-opted under the terms of the Memorandum of Association.

Trustees are appointed for an initial three-year term of office, following which they may seek re-election for two further three-year terms. They serve a maximum of nine years.

c. Organisational structure and decision-making policies

The trustees are responsible for 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:

K Roberts B Stopford

The following trustee will retire and will not be seeking re-election:

M Knox

d. Policies adopted for the induction and training of trustees

The trustees are responsible for the management of the risks faced by the hospice. Risks are identified and assessed, and controls established, throughout the year. The trustees are satisfied that the major risks identified have been adequately mitigated where necessary.

e. Financial risk management

The trustees are responsible for the management of the risks faced by the hospice. Risks are identified and assessed, and controls established, throughout the year. The trustees 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

JOHN EASTWOOD HOSPICE TRUST (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Information on fundraising practices

The charity employs a Fundraising and Events Manager who is responsible for all fundraising activities undertaken 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 to be bound by any voluntary scheme or voluntary standard of fundraising in respect of those activities.

Fundraising activities are not monitored, but any new initiatives will be subject to 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 to 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' responsibilities

The trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the trustees' report 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 . Under company law, the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the 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 information to auditor

Each of the persons who are trustees at the time when this trustees' report is approved has confirmed that:

Page 8

JOHN EASTWOOD HOSPICE TRUST (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Auditor

The auditor, Barnett & Turner Accountants Ltd., has indicated its willingness to continue in office. The designated trustees will propose a motion reappointing the auditor at a meeting of the trustees.

Approved by order of the members of the board of trustees on 25 August 2022 and signed on their behalf by:

M Knox

(Chair of Trustees)

Page 9

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF JOHN EASTWOOD HOSPICE TRUST

Opinion

We have audited the financial statements of John Eastwood Hospice Trust (the 'charitable company') for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement 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 Practice).

In our opinion the financial statements:

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 Auditor's 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 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 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.

Page 10

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF JOHN EASTWOOD HOSPICE TRUST (CONTINUED)

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. 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. 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 course of 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.

Opinion on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

In the light of our 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 Trustees' Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Page 11

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF JOHN EASTWOOD HOSPICE TRUST (CONTINUED)

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, 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.

Page 12

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF JOHN EASTWOOD HOSPICE TRUST (CONTINUED)

Auditor's 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 an auditor's 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 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of our planning process:

The key procedures we undertook to detect irregularities including fraud during the course of the audit included:

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 auditor's report.

Page 13

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF JOHN EASTWOOD HOSPICE TRUST (CONTINUED)

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Jonathan Wilson (senior statutory auditor)

for and on behalf of

Barnett & Turner Accountants Ltd.

Statutory Auditor Cromwell House 68 West Gate Mansfield Nottinghamshire NG18 1RR

3 October 2022

Page 14

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Note
Income from:
Donations and legacies
3
Other fundraising activities
4
Investments
5
Total income
Expenditure on:
Raising funds
6,7
Charitable activities
8
Total expenditure
Net income/(expenditure) before net
gains on investments
Net gains on investments
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2022
£
632,535
339,408
78,494
1,050,437
166,550
400,774
567,324
483,113
102,715
585,828
8,441,655
585,828
9,027,483		 Restricted
funds
2022
£
-
-
-
-
-
2,170
2,170
(2,170)
-
(2,170)
60,552
(2,170)
58,382		 Total
funds
2022
£
632,535
339,408
78,494
1,050,437
166,550
402,944
569,494
480,943
102,715
583,658
8,502,207
583,658
9,085,865		 Total
funds
2021
£
880,591
72,073
71,674
1,024,338
125,516
496,736
622,252
402,086
791,806
1,193,892
7,308,315
1,193,892
8,502,207

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 18 to 33 form part of these financial statements.

Page 15

JOHN EASTWOOD HOSPICE TRUST (a company limited by guarantee) REGISTERED NUMBER: 05829735

BALANCE SHEET AS AT 31 MARCH 2022

Note
Fixed assets
Tangible assets
12
Investments
13
Current assets
Debtors
14
Investments
15
Cash at bank and in hand
Creditors: amounts falling due within one
year
16
Net current assets
Total net assets
Charity funds
Restricted funds
17
Unrestricted funds
17
Total funds		 9,925
169,225
225,674
404,824
(9,153)		 2022
£
3,666,470
5,023,724
8,690,194
395,671
9,085,865
58,382
9,027,483
9,085,865		 12,669
169,225
94,743
276,637
(9,153)		 2021
£
3,759,697
4,475,026
8,234,723
267,484
8,502,207
60,552
8,441,655
8,502,207

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the trustees on 25 August 2022 and signed on their behalf by:

B J Stopford

Trustee

The notes on pages 18 to 33 form part of these financial statements.

Page 16

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

Note
Cash flows from operating activities
Net cash provided by operating activities
19
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of investments
Net cash used in investing activities
Cash flows from financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
20
The notes on pages 18 to 33 form part of these financial statements		 2022
£
572,908
(41,977)
(400,000)
(441,977)
130,931
263,968
394,899		 2021
£
501,681
(233,327)
(255,000)
(488,327)
13,354
250,614
263,968

Page 17

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

John Eastwood Hospice Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Going concern

At the date of signing there is a degree of uncertainty about the full economic impact of COVID-19. The trustees continue to monitor the position closely however they believe that the company can continue at its current level of activity and that the current level of reserves are satisfactory to address the Trust'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 entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, 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 (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the company, can be reliably measured.

Grants are included in the statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.

Page 18

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. Accounting policies (continued)

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified 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 attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable 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 paid or payable by the institution with whom the funds are deposited.

1.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £1000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition 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 to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

Freehold property - straight line over 50 years
Motor vehicles - 25% straight line basis
Fixtures and fittings - 25% straight line basis

Page 19

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. Accounting policies (continued)

1.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the statement of financial activities.

1.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle 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 at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activities as a finance cost.

1.11 Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are 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 to the statement of financial activities on a straight 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 to the fund in respect of the year.

Page 20

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. Accounting policies (continued)

1.14 Fund accounting

General funds are unrestricted funds which are available for use at 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 to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

1.15 Support groups

The various support groups are regarded as autonomous. The financial statements do not include the activities of these groups, but donations from them are included in income as received.

2. General information

John Eastwood Hospice Trust is a company limited by guarantee, registered in England and Wales, registration number 05829735 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 to £10 per member of the company.

Page 21

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

3. Income from donations and legacies

Unrestricted
funds
2022
£
Donations
196,778
Legacies
435,757
Grants
-
632,535
Total 2021
880,591
4.
Income from other trading activities
Income from fundraising events		 Total
funds
2022
£
196,778
435,757
-
632,535
880,591		 Total
funds
2021
£
177,343
648,957
54,291
880,591
Unrestricted
funds
2022
£
Charity shops, seasonal fairs and other activities
290,811
Support groups
48,597
339,408
Total 2021
72,073		 Total
funds
2022
£
290,811
48,597
339,408
72,073		 Total
funds
2021
£
45,753
26,320
72,073

Page 22

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

5. Investment income

Unrestricted
funds
2022
£
Income from listed investments
78,272
Bank and building society interest
222
78,494
Total 2021
71,674		 Total
funds
2022
£
78,272
222
78,494
71,674		 Total
funds
2021
£
71,483
191
71,674

6. Expenditure on raising funds

Costs of raising voluntary income

Unrestricted
funds
2022
£
Promotional materials and supplies
24,902
Rent and rates
14,252
Tea bar and shop supplies
2,262
Other costs
12,835
Voluntary income staff costs
78,021
132,272
Total 2021
97,407		 Total
funds
2022
£
24,902
14,252
2,262
12,835
78,021
132,272
97,407		 Total
funds
2021
£
2,526
17,712
2,564
8,551
66,054
97,407

Page 23

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

7. Investment management costs

Unrestricted
funds
2022
£
Investment management fees
34,278
Total 2021
28,109		 Total
funds
2022
£
34,278
28,109		 Total
funds
2021
£
28,109

8. Analysis of expenditure on charitable activities

Summary by cost type

Unrestricted
funds
2022
£
Volunteers' travelling expenses
3,428
Building, furniture, equipment and
maintenance
21,687
Insurance
11,500
NHS staff costs
45,708
Telephone, postage, printing and stationery
39,218
NHS catering subsidy
15,110
Other costs
12,322
Professional fees
5,493
Wages and salaries
105,104
Depreciation
135,204
Accountancy fees
6,000
400,774
Total 2021
496,736		 Restricted
funds
2022
£
-
-
-
-
-
-
2,170
-
-
-
-
2,170
-		 Total
funds
2022
£
3,428
21,687
11,500
45,708
39,218
15,110
14,492
5,493
105,104
135,204
6,000
402,944
496,736		 Total
funds
2021
£
260
124,383
12,298
52,189
21,992
17,027
10,291
18,816
89,689
143,791
6,000
496,736

Page 24

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

9. Auditor's remuneration

2022 2021
£ £
Fees payable to the company's 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

2022 2021
£ £
Wages and salaries 183,125 155,743

The average number of persons employed by the company during the year was as follows:

Charitable activities
Costs of generating voluntary income		 2022
No.
4
4
8		 2021
No.
2
5
7

No employee received remuneration amounting to more than £60,000 in either year.

Key management salaries amounted to £49,974 (2021: £45,604), employer's national insurance of £5,675 (2021: £5,082) and pension costs of £2,368 (2021: £2,726).

11. Trustees' remuneration and expenses

During the year, no trustees received any remuneration or other benefits (2021 - £NIL).

During the year ended 31 March 2022, no trustee expenses have been incurred (2021 - £NIL).

Page 25

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

12. Tangible fixed assets

Cost or valuation
At 1 April 2021
Additions
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 Freehold
property
£
4,755,718
-
4,755,718
1,099,282
84,406
1,183,688
3,572,030
3,656,436		 Motor
vehicles
£
45,207
-
45,207
45,207
-
45,207
-
-		 Fixtures and
fittings
£
497,529
41,977
539,506
394,268
50,798
445,066
94,440
103,261		 Total
£
5,298,454
41,977
5,340,431
1,538,757
135,204
1,673,961
3,666,470
3,759,697

Included in land and buildings is freehold land at cost of £535,399 which is not depreciated.

Page 26

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

13. Fixed asset investments

Cost or valuation
At 1 April 2021
Additions
Disposals
Revaluations
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021
14.
Debtors
Prepayments and accrued income
15.
Current asset investments
Unlisted investments		 2022
£
9,925
2022
£
169,225		 Listed
investments
£
4,475,026
478,272
(32,289)
102,715
5,023,724
5,023,724
4,475,026
2021
£
12,669
2021
£
169,225

Page 27

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

16. Creditors: Amounts falling due within one year

2022 2021
£ £
Accruals and deferred income 9,153 9,153

Page 28

JOHN EASTWOOD HOSPICE TRUST (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

17. Statement of funds

Statement of funds - current year

Unrestricted
funds
Designated
funds
Land and
Buildings Fund
General funds
General Fund
Total
Unrestricted
funds
Restricted
funds
Training Fund
Total of funds		 Balance at 1
April 2021
£
3,656,436
4,785,219
8,441,655
60,552
8,502,207		 Income
£
-
1,050,437
1,050,437
-
1,050,437		 Expenditure
£
-
(567,324)
(567,324)
(2,170)
(569,494)		 Transfers
in/out
£
(84,406)
84,406
-
-
-		 Gains/
(Losses)
£
-
102,715
102,715
-
102,715		 Balance at
31 March
2022
£
3,572,030
5,455,453
9,027,483
58,382
9,085,865

Page 29

(a company limited by guarantee)

JOHN EASTWOOD HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

17. Statement of funds (continued)

Statement of funds - prior year

Unrestricted
funds
Designated
funds
Land and
Buildings Fund
General funds
General Fund
Total
Unrestricted
funds
Restricted
funds
Training Fund
Total of funds		 Balance at
1 April 2020
£
3,631,882
3,615,881
7,247,763
60,552
7,308,315		 Income
£
-
1,024,338
1,024,338
-
1,024,338		 Expenditure
£
-
(622,252)
(622,252)
-
(622,252)		 Transfers
in/out
£
24,554
(24,554)
-
-
-		 Gains/
(Losses)
£
-
791,806
791,806
-
791,806		 Balance at
31 March
2021
£
3,656,436
4,785,219
8,441,655
60,552
8,502,207

The land and building fund represents the amount of charity funds locked up in freehold property held for operational purposes, and is equivalent to its year-end book amount.

The general fund represents the charity's reserves held as working capital for general operational purposes.

The training fund represents amounts received from local authorities and set aside by the trust to be spent on staff training.

Page 30

(a company limited by guarantee)

JOHN EASTWOOD HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

18. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2022
£
Tangible fixed assets
3,666,470
Fixed asset investments
5,023,724
Current assets
346,442
Creditors due within one year
(9,153)
Total
9,027,483		 Restricted
funds
2022
£
-
-
58,382
-
58,382		 Total
funds
2022
£
3,666,470
5,023,724
404,824
(9,153)
9,085,865

Analysis of net assets between funds - prior year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2021
£
3,759,697
4,475,026
216,085
(9,153)
8,441,655		 Restricted
funds
2021
£
-
-
60,552
-
60,552		 Total
funds
2021
£
3,759,697
4,475,026
276,637
(9,153)
8,502,207

Page 31

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

19. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Losses/(gains) on investments
Dividends, interests and rents from investments
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by operating activities
20.
Analysis of cash and cash equivalents
Cash in hand
Notice deposits (less than 3 months)
Total cash and cash equivalents
21.
Analysis of changes in net debt
At 1 April
2021
£
Cash at bank and in hand
94,743
Liquid investments
169,225
263,968		 2022
£
583,658
135,204
(102,715)
(45,983)
2,744
-
572,908
2022
£
225,674
169,225
394,899
Cash flows
£
130,931
-
130,931		 2021
£
1,193,892
143,791
(791,806)
(43,374)
(277)
(545)
501,681
2021
£
94,743
169,225
263,968
At 31 March
2022
£
225,674
169,225
394,899

Page 32

JOHN EASTWOOD HOSPICE TRUST

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

22. Capital commitments

2022 2021
£ £
Contracted for but not provided in these financial statements
Acquisition of tangible fixed assets - 11,794

23. Pension commitments

The company operates a defined contribution 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 to £7,715 (2021 - £5,345). There was £Nil (2021 - £Nil) payable to the fund at the balance sheet date.

24. Operating lease commitments

At 31 March 2022 the company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

2022 2021
£ £
Later than 1 year and not later than 5 years 49,500 73,500

25. Related party transactions

There are no transactions with related parties to disclose during the year.

Page 33