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2021-03-31-accounts

SALISBURY HOSPICECARE TRUST LIMITED (A Company Limited By Guarantee)

Report of the Trustees and Financial Statements

for the year ended 31 March 2021

Company no. 06525170 Charity no. 1123314

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170)

For the year ended 31 March 2021

Page
Report of the Trustees
● Reference and Administrative Information 1
● Letter from the Chairman 2
● Trustees' Report 3
Report of the Independent Auditors 10
Statement of Financial Activities 13
Balance Sheet 14
Cashflow 15
Notes to the Financial Statements 16

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Report of the Trustees

For the year ended 31 March 2021

The Trustees (who are also Directors of Salisbury Hospicecare Trust Limited for the purpose of company law) are responsible for preparing the Directors' Annual Report and the Financial Statements for the year ended 31 March 2021 which are prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

The legal and administrative information stated below forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice for Charities - (FRS 102 effective January 2015).

Reference and Administrative Information

Reference and Administrative Information
Registered Office and Operational Address Salisbury Hospice, Odstock Road, Salisbury SP2 8BJ
Website www.salisburyhospicecharity.org.uk
Trustees David Pardoe (Chair)
Victoria Bracey (Vice Chair)
Carl Broadbridge (Appointed 26 May 2021)
Jo Broom
Ian Downie
Andy Hall
Peter Hill
Mark Merrill
Michael Nielsen (Appointed 26 May 2021)
Nicola Spicer
Stella Sykes
Investment Managers Cazenove Capital, Schroder & Co Limited, 1 London Wall Place,
London EC2Y 5AU
Bankers National Westminster Bank Plc, 48 Blue Boar Row, Salisbury
SP1 1DF
Aldermore Bank Plc, Apex Plaza, Forbury Road, Reading
RG1 1AX
Auditors Fawcetts LLP Chartered Accountants, Windover House,
St Ann Street, Salisbury SP1 2DR

1

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Report of the Trustees

For the year ended 31 March 2021

Letter from the Chairman - David Pardoe

Welcome to our annual report for 2020/21, my third year as Chairman.

Fundraising this year has been heavily affected by the Covid-19 pandemic, however we have had outstanding support from the community throughout this difficult year.

We continue to have a variety of income streams, which all contribute towards the annual fundraising target. This remains a sound strategy and has served us well during these unprecedented times.

In line with our 5 year strategy, we had planned to further develop the fundraising team this year, employing a community fundraising assistant to build on the success of community fundraising over recent years. This has been put on hold and will be revisited in 2022/23 as this is a significant area of fundraising we wish to develop further.

Our events and community fundraising are the areas of fundraising most affected this year, however I’m delighted to report that we have achieved great success through adopting several virtual initiatives and I can’t thank the local community enough for their contribution towards making these a success. In addition, there have been many individual challenges that raised an incredible amount and boosted our fundraising considerably.

Because of the pandemic, we had to delay the start of our 40th anniversary celebrations, however they will still go ahead from May 2021 onwards, with the aim of highlighting how the service has expanded since the charity was founded in 1981, reinforce our key messaging, emphasise the financial demands we now have, and thank our loyal supporters.

As we look forward, and move on from this difficult year, I would like to thank both our supporters, our staff and our volunteers, for their support. What has been achieved this year has been outstanding and would not have been possible without loyal supporters from across our region. We have robust plans in place to ensure we continue to raise funds for Salisbury Hospice long into the future and look forward to your support in the years ahead.

David Pardoe Chairman, Salisbury Hospice Charity

2

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Report of the Trustees

For the year ended 31 March 2021

Structure, Governance and Management

Salisbury Hospicecare Trust Ltd is a company limited by guarantee. It was incorporated on 5 March 2008 and registered as a charity on 25 March 2008. It assumed the assets and liabilities of an existing unincorporated charity.

The charity is governed by a board of trustees (who are also the directors of the company). The trustees come from a range of backgrounds and they regularly review the skills within the board and consider both succession planning and existing skill needs.

Potential trustees are asked to attend several trustee meetings on an informal basis before formal appointment as a trustee.

The trustees govern the organisation in accordance with the powers set out in the memorandum of association of the company.

The trustees meet six times a year, with two of those meetings focused on financial matters.

In addition a smaller group of trustees meet with several staff members between formal trustee meetings to deal with other pressing business.

The trustees delegate the day to day running of the charity to a staff of twelve, ten fundraising staff and two finance and administrative staff.

Aims and Objectives

The aims and objectives of the charity, as set out in its memorandum of association, are to promote the relief of suffering by:

• Establishing, maintaining and providing hospicecare and homecare services for those who are suffering from any chronic or terminal illness, disability or disease and providing medical or other treatment and attention for any such persons

• Conducting, promoting and encouraging research into the care and treatment of those suffering from any illness, disability, disease or infirmity and particularly into the care and treatment of those suffering from cancer or terminal illness

• Providing bereavement counselling services for adults and children

• Providing, assisting or encouraging the provision of spiritual help and guidance for both those suffering from such illness or infirmity and also for their families and carers

The charity does this by:

• Providing significant financial support for Salisbury Hospice which is staffed by the Palliative Care Service of Salisbury NHS Foundation Trust

• Providing additional essential services for those affected by life limiting illness and bereavement. Such services include staff education, activities and equipment both in the hospice and for the Hospice at Home service

The charity annually provides funds for more than 60% of the hospice services.

3

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Report of the Trustees

For the year ended 31 March 2021

Further details of all these specialist palliative care services are set out below.

Salisbury Hospice provides an integrated and comprehensive service for patients with advanced, progressive, life-limiting illnesses, and also for their families and carers. In 2020/21 over 1,000 people were supported by the clinical team based at Salisbury Hospice.

Inpatient care

There are 10 inpatient beds. Patients are admitted from both the community and the hospital, with reasons for admission including symptom control, rehabilitation, special assessment, and end of life care. In 2020/21 there were a total of 199 admissions to the inpatient unit.

Community

Members of the hospice multidisciplinary team work in the community in partnership with GPs and district nurses to support patients and families at home. This includes clinical nurse specialists, doctors, therapy staff, and social workers supported by admin staff and volunteers. Demand for this part of our service is increasing. In 2020/21 602 patients were supported by the hospice team in the community.

Hospital

Input from members of the Specialist Palliative Care team provides support to patients, families and staff of the acute wards in Salisbury NHS Foundation Trust. This is primarily provided by a small team of nurse specialists and doctors with additional support from other hospice staff. In 2020/21 905 patients were seen by the hospice team in the hospital setting.

Day care

The Peter Gillam Support Centre provides a day care service for patients at the hospice 4 days a week. This provides both social support for patients and a day of respite for carers. In addition there are carers’ days once a month which patients and carers can attend together. Due to the Covid-19 pandemic the centre has been closed. However, the team have been able to provide telephone support to the patients and working with others in the hospice team have delivered monthly activity packs.

Other therapies

The occupational therapists and physiotherapist work predominantly on the inpatient unit but also in the other branches of the service. In 2020/21 256 patients were supported by the therapy team.

Family support and bereavement

The social workers in the family support team work with both patients and their families. They coordinate the bereavement service, which is delivered by specially trained volunteers as well as other members of the multidisciplinary team. In 2020/21 103 clients received bereavement support services and 98 patients received family support services.

Education

The education service has offered a range of learning opportunities for both health professionals and informal carers, including Principles of Palliative Care, GP study days, Communication skills and a Carer skills programme which helps relatives feel more confident looking after someone at home, and staff wellbeing days, to sustain staff working in this emotionally demanding area. Due to the Covid-19 pandemic no courses were held during 2020/21 and there is currently minimal funding available for this part of the service.

4

For the year ended 31 March 2021

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Report of the Trustees

Hospice at Home

Since April 2016 Salisbury Hospice has offered a Hospice at Home service. This invaluable service has provided high quality care for palliative patients coming to the end of their life who wish to stay in their own home. The service has also acted as a 'crisis intervention', preventing any unnecessary admissions to a hospital, hospice or alternative care setting. In 2020/21 there were a total of 151 patients who received hospice at home support. There is a demand for this service which currently cannot fully be met. The charity provided the funding for a four year initial offering of this service which is now fully funded by the NHS.

5

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Report of the Trustees

For the year ended 31 March 2021

Risk Management

The trustees understand that they have a duty to identify the major risks to which the charity is, or might be, exposed. They also have a duty to establish that systems to ensure that exposure to these risks are minimised. The key operational, reputational and financial risks are included in a risk matrix which is reviewed regularly and action is taken to ensure mitigation measures are in place and acted on by all staff.

The key risks identified are:

The current Covid-19 pandemic has severely curtailed the charity’s fundraising activities for the year to March 2021. The fundraising team has replaced some of the planned activities with virtual events. The trustees anticipate that fundraising will be challenging for the foreseeable future.

Achievements and Performance

The trustees measure performance against key objectives.

Fundraising results are measured against the budgets set at the beginning of the financial year. They are determined initially by the Head of Fundraising and the staff team and agreed by the trustees. Fundraising performance is measured by monthly management information and reviewed regularly by the Trustee Board. The trustees monitor performance of the investment portfolio and obtain advice from Cazenove Capital.

Fundraising

The Covid-19 pandemic has had an impact on all our fundraising activities in 2020/21 and forced us to reconsider our plans and budget early in the financial year.

Events Fundraising was particularly affected with all mass participation events cancelled. The fundraising team nevertheless rose to the challenge – developing a number of successful virtual events. Key successes were, The Balloon Launch, 2.6 Challenge, Wessex Country Fair (virtual), My Prudential Ride London and Give It Up.

Community Fundraising was also affected. However many supporters worked with us to develop new ways to raise funds. Key highlights were Oli’s big Quiz £3,250, the virtual Fabulous Fun Day £8,900, Mary Spenders music Facebook fundraiser £18,900, Gislaine Woods 90 walks for her 90th birthday £3,643 and Daphne Woods Open Gardens £3,643. Unfortunately, the annual Hatch House Open Garden organised by our Tisbury Fundraising Group had to be cancelled, however a letter to those who normally attend raised an impressive £30,876.

Corporate Fundraising continued to grow, with a number of new company partnerships developed. A further key success is the 40 4 40 initiative which invites 40 corporate supporters to raise £1,000 during our 40th year. We currently have 22 businesses signed up. In addition, Trust Fundraising has proved invaluable, with several new funders on board and a key award of £100,000 from the National Lottery.

Despite the pandemic, In Memory fundraising has raised £160,906 this year, with the flexibility to donate online through MuchLoved helping to sustain this income stream. Sadly our annual Light Up A Life service was cancelled, however supporters were offered the opportunity to light a virtual star and donate to our Christmas Appeal, the initiative raised £10,000. In addition, our Christmas Tree Collection was also cancelled but still raised an incredible £14,500.

6

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Report of the Trustees

For the year ended 31 March 2021

Your Hospice Lottery, run by St Helena Hospice on our behalf, saw numbers drop as door to door and venue canvassing was put on hold for most of the year. We still however have 7,554 weekly players and this remains an important income stream, raising £189,824 this year.

We have had particular success with Christmas cards achieving £19,644 in sales.

The team structure continues to work well with the diversity of income streams playing an enormous part in safeguarding our income during a challenging year as a result of the Covid-19 pandemic. The increased marketing and awareness across the region we serve, has also contributed to a successful year of fundraising during difficult times.

Our 40th anniversary celebrations began at the start of 2021 with a virtual Balloon Launch. However the planned marketing across the region was postponed until May 2021 to take into account the Covid-19 pandemic. In addition, the plans we had in place to update and refresh our events timetable for 2020/2021 and to add a further community fundraiser to the fundraising team had to be put on hold, as a further consequence of the pandemic and the restrictions this placed on fundraising in the community.

Volunteers

The charity and the hospice is fortunate to have a dedicated team of over 150 active volunteers in a range of essential roles. They support fundraising, help in the Hospice day unit and work with the complementary therapies team. In addition, they give bereavement support, deliver the essential community companion service and work in the beautiful hospice gardens. This support equates to over 450 hours per week saving the hospice an estimated £185,000 per year. The Hospice User Group continue to meet regularly and represent patients, carers and families who have used the hospice’s services. The group offer feedback and development ideas and support both the hospice and charity.

7

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Report of the Trustees

For the year ended 31 March 2021

Financial Review

The results for the year are shown in the Statement of Financial Activities on page 12. The net income for the year before gains on investments was £1,100,285 . This is a significant change from past years and is the result of a number of extraordinary circumstances in an extraordinary year.

The budget agreed by the trustees at the beginning of calendar year 2020 suggested a position close to break even. After the impact of the restrictions imposed as a response to the Covid-19 pandemic a revision of the budget in May indicated a likely deficit of around £400,000.

The actual surplus achieved is a result of three separate factors:

• The hard work of the fundraising team to achieve a result that is only £180,000 below the original budget

• The notification by Salisbury NHS Foundation Trust in the last quarter of the year that they had accessed other, one off, funding for the hospice and would not require the final planned donation of £250,000 for the year to 31 March 2021

• The confirmation in the last four months of the year of three legacies totalling over £1,000,000.

This latter sum must be regarded as unlikely to recur but will allow the charity to continue to commit to its support of the hospice with renewed confidence for the immediate future.

The grant to Salisbury NHS Foundation Trust to fund hospice services in 2020/21 was £950,000. In addition the charity provided £29,792 to the hospice for equipment and non-clinical expenses including staff and volunteer training and patient comforts and £35,050 for the Hospice at Home Service.

Reserves Policy

The trustees have a policy of holding an income reserve to protect the charity against future and unforeseen fluctuations in its income and expenditure. The trustees regularly review the position and have considered their policy both in the context of the impact of the Covid-19 pandemic on the charity's fundraising capacity and the exceptional financial result described above.

The trustees have agreed that their policy should continue to be to maintain a reserve of between six and nine months running costs of the charity and up to 75% of the planned donation for hospice services for the year following the latest balance sheet date.

At 31 March 2021 the general fund amounted to £3,573,394. On the basis of the agreed policy the reserve requirement is between £1,235,000 and £1,350,000. The reserve surplus will enable the charity to main its contribution to the Salisbury NHS Foundation Trust for the hospice service over what is anticipated will be several challenging years for fundraising.

Investment Policy and Performance

The trustees aim to invest funds not required for immediate use in order to maintain the real value of the charity's assets and the purchasing power of its income for both current and future beneficiaries of its services. The trustees also wish to minimise the risk of capital and income losses. This is done by employing a professional fund manager, by restricting the range of investment instruments and by requiring its investment portfolio to be diversified. This is achieved by holding its investments in a Charity Authorised Investment Fund. The trustees have agreed benchmark returns and the means of monitoring performance against these with the investment manager.

8

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Report of the Trustees

For the year ended 31 March 2021

Remuneration

The trustees receive no remuneration or other benefit from their work with the charity. The pay of our staff is reviewed on an annual basis by a Remuneration Committee of Trustees where recommendations are brought to the full Trustee Board. Pay levels are benchmarked against pay levels of other similar charities. Details of staff costs and numbers are disclosed in note 9 to the financial statements.

How our Activities Deliver Public Benefit

The trustees regularly review the ways in which the activities of the charity enable the charity to achieve its aims and deliver public benefit. All of the available financial and volunteer resources of the charity are used to provide support to those suffering from terminal or life limiting illnesses and their families and carers. This support is provided either directly by the charity or through the palliative care services of Salisbury NHS Foundation Trust which are part funded by the charity.

Plans for the Future

The charity plans to increase its donation to support the hospice to £1,300,000 for the year 31 March 2022. It expects the year to be a difficult one for fundraising as the ability to run events involving public gatherings remain curtailed. The charity's aim is to continue to support the hospice service from its current fundraising activities.

The calendar year 2021 is the 40th anniversary of the beginnings of a hospice service in Salisbury and the charity will celebrate this in a range of ways and try to increase the understanding of the services the hospice provides to the wider area around Salisbury.

9

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Report of the Trustees

For the year ended 31 March 2021

Trustee Responsibilities

The trustees (who are also the Directors of Salisbury Hospicecare Trust Limited 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 and the law applicable to charities require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping adequate accounting records which 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 and the Charity (Accounts and Reports) Regulations 2008. The trustees 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.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the trustees are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the Company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

This report has been prepared taking advantage of the exemptions available to small companies under the Companies Act 2006.

AUDITORS

Fawcetts LLP were reappointed as the Charity's auditors during the year and have expressed their willingness to continue in that capacity.

Approved and authorised for issue by the Trustees on 28 July 2021

David Pardoe Chairman of Trustees

10

Report of the Independent Auditors To the Members of

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170)

Opinion

We have audited the financial statements of Salisbury Hospicecare Trust Limited (the 'charitable company') for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, 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 UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The other information comprises the information included in the Report of the Trustees (including Strategic Report), other than the financial statements and our Report of the Auditors thereon. The Trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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:

11

Report of the Independent Auditors (continued) To the Members of

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170)

Matters on which we are required to report by exception

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

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

Responsibilities of Trustees

As explained more fully in the Statement of Trustees’ Responsibilities, the Trustees (who are also directors of the charitable company for the purposes of company law and trustees of the charity for the purposes of charity 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.

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

Identifying and assessing potential risks related to irregularities

Irregularities, including fraud, are non-compliance with laws and regulations. We design procedures, in line with our responsibilities, as set out in the auditors' responsibilities for the audit of the financial statements section, to detect material misstatements in respect of irregularities, including fraud. The extent to which are procedures are capable of detecting irregularities, including fraud, are detailed below.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations we consider the following:

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following area: revenue and resource recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We have also obtained an understanding of the legal and regulatory frameworks that the charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Charities Act and related legislation.

12

Report of the Independent Auditors (continued) To the Members of

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170)

Audit response to risks identified

As a result of performing the above, we identified revenue and resource recognition as a key audit matter related to the potential risk of fraud. Our procedures to respond to risks identified included the following:

• reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

• understanding the group's revenue recognition policies and how they are applied, including the relevant controls and performing a walkthrough to validate our understanding.

• enquiring of management concerning actual and potential litigation and claims;

• in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; applying parameters designed to identify entries that were not within our expectations. This included analysing and selecting journals for testing which appeared unusual in nature, either due to size, preparer or date of posting. To test their validity, we verified the journals to originating documentation.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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

Use of our report

This report is made solely to the charitable company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company’s trustees 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 the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Simon Ellingham BA FCA DChA (Senior Statutory Auditor)

for and on behalf of Fawcetts LLP, Chartered Accountants & Statutory Auditors Windover House, St Ann Street, Salisbury, SP1 2DR

Date: 25 August 2021

13

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Statement of Financial Activities

For theyear ended 31 March 2021 For theyear ended 31 March 2021 For theyear ended 31 March 2021
Unrestricted
Note
£
2
649,386
1,127,145
10,257
3
419,726
19,644
4
87,333
2,031
2,315,522
5
289,005
6,568
5,132
6
957,003
90,657
1,348,365
967,157
-
12
351,973
351,973
1,319,130
320,448
1,639,578
1,933,816
3,573,394
Income and Endowments from:
Donations
Trading activities
Coronavirus Job Retention Scheme
Donations and legacies
Fundraising
Grant for Hospice costs
Investment Management costs
Investment
Other
TOTAL INCOME AND ENDOWMENTS
Legacies
Other trading activities
RECONCILIATION OF FUNDS
Realised
NET MOVEMENT IN FUNDS
NET INCOME/(EXPENDITURE)
Unrealised
Trading expenses
Charitable activities
Total funds carried forward as at 31 March 2021
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE) FOR THE YEAR
BEFORE GAINS AND LOSSES ON INVESTMENTS
Net gain/(losses) on investments
Total funds brought forward
TRANSFER BETWEEN FUNDS
at 1 April 2020
Expenditure on:
Fundraising
Administration costs
Raising funds		 Designated
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(320,448)
(320,448)
320,448
-		 Restricted
£
30,525
160,442
-
-
-
-
-
190,967
-
-
-
57,839
-
57,839
133,128
-
-
-
133,128
-
133,128
70,759
203,887		 2021
Total
£
679,911
1,287,587
10,257
419,726
19,644
87,333
2,031
2,506,489
289,005
6,568
5,132
1,014,842
90,657
1,406,204
1,100,285
-
351,973
351,973
1,452,258
-
1,452,258
2,325,023
3,777,281		 2020
Total
£
490,003
562,373
-
549,994
23,328
91,814
1,739
1,719,251
361,782
7,923
5,223
1,236,765
84,654
1,696,347
23,204
-
351,973
351,973
1,319,130
320,448
1,639,578
1,933,816
3,573,394		 1,792
(226,070)
(224,278)
(201,074)
-
(201,074)
2,526,097
2,325,023

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above.

The notes form part of these financial statements

14

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Balance Sheet

As at 31 March 2021

Note
Fixed assets
Tangible fixed assets
11
12
13
14
Cash at bank and in hand
Creditors: amounts due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
Funds
Unrestricted funds
17
Designated funds
18
Restricted funds
19
Investments
Stock
Debtors
Current assets		 2021
£
5,063
2,134,878
2,139,941
344
1,032,718
651,056
1,684,118
(46,778)
1,637,340
3,777,281
3,573,394
-
203,887
3,777,281		 2020
£
10,073
1,782,905
1,792,978
589
87,719
501,545
589,853
(57,808)
532,045
2,325,023
1,933,816
320,448
70,759
2,325,023

The financial statements were approved and authorised for issue by the Trustees on 28 July 2021 and signed on its behalf by:

David Pardoe Chair

Mark Merrill Treasurer

15

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Statement of Cash Flows

As at 31 March 2021

2021
£
63,816
87,333
Purchase of property, plant and equipment
(1,638)
-
-
85,695
149,511
Cash and cash equivalents at the beginning of the year
501,545
651,056
2021
£
a) Reconciliation of net income/(expenditure) to net cash flow from operating activities
1,452,258
6,648
(351,973)
(87,333)
-
245
(944,999)
(11,030)
63,816
2021
£
651,056
b) Analysis of cash and cash equivalents
Cash at bank and in hand
Investments and Interest income
Loss/(Profit) on the sale of fixed assets
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net income/(expenditure) for the year (as per the statement of financial activities)
Adjustments for:
Depreciation
(Gains)/losses on investments
Purchase of investments
Net cash provided by investing activities
Cash at bank and in hand
Increase/(decrease) in cash and cash equivalents in the year
Proceeds from sale of investments
Net cash provided by (used in) operating activities
Cash flows from operating activities:
Cash flows from investing activities:
Investment and Interest income received		 2020
£
(44,886)
91,814
(5,170)
130,000
-
216,644
171,758
329,787
501,545
2020
£
(201,074)
6,724
224,278
(91,814)
-
746
133,509
(117,255)
(44,886)
2020
£
501,545

16

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Notes to the Financial Statements

For the year ended 31 March 2021

BASIS OF PREPARATION AND ACCOUNTING

1. Accounting Policies

The financial statements have been prepared under the historical cost convention, as modified by the revaluation of fixed assets, and in accordance with the Financial Reporting Standard in the United Kingdom, (FRS102) the accounting regulations issued under the Charities Act 2011 and the Statement of Recommended Practice: Accounting and Reporting by Charities.

Income Recognition

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Voluntary income is accounted for on a receipts basis.

Grants are recognised in full in the Statement of Financial Activities in the year in which they are receivable, and conditions for receipt have been met. Income is deferred only when the charity has to fulfil certain conditions before becoming entitled to it.

Income received for specific purposes is treated as restricted.

Investment income is accounted for when received.

Legacies are included when the charity is advised by the personal representative of an estate that payment will be made or property transferred, the amount involved can be quantified and probate has been granted.

Income tax recoverable in relation to investment income is recognised at the time the investment income is received.

Resources Expended

All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure. All costs have been directly attributed to one of the functional categories of resources classified in the SOFA.

Fundraising costs are those cost directly incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of charitable activities.

The allocation of expenditure between the activities described on the SOFA as charitable and other expenditure is split based upon the trustees' best estimate of the resources input to those different parts of the charity's operations.

Tangible Fixed Assets Depreciation

Tangible fixed assets are stated at cost or valuation less depreciation.

Depreciation is provided at rates calculated to write down the cost or valuation of each asset to its estimated residual value over its expected useful life. This applies to assets with a value of £250 or more. The depreciation rates in use are as follows:

Computer equipment Straight line over three years Office equipment Straight line over two and five years

17

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Notes to the Financial Statements

For the year ended 31 March 2021

Funds 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 charity and which have not been designated for other purposes.

Designated funds are unrestricted funds which 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 subject to specific restrictive conditions imposed by donors or by the purpose of an appeal. Such donations and grants are treated as income in the year of receipt. The aim and use of each restricted fund is set out in the notes to the financial statements.

Stock

Stock is valued at the lower of cost and net realisable value.

Operating Leases

Rentals applicable to operating leases, where substantially all of the benefits and risk of ownership remain with the lessor, are charged to the income and expenditure accounts as incurred.

Pensions

The former NHS staff transferred to the charity under the Transfer of Undertakings (Protection of Employment) Regulations retain membership of the NHS Pensions Scheme under an agreement made at the time of the transfer.

A defined contribution scheme is provided for all other staff. Pension contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the schemes. Differences (if any) between amounts charged to the Statement of Financial Activities and contributions paid are shown as a separately identified liability or asset in the notes to the balance sheet.

Investments

Investment income is accounted for when received, with gains and losses allocated to the appropriate fund. Investments are included on the balance sheet at their market value at the end of the financial year, with the exception of unlisted investments and investments in subsidiaries which are included at cost. Realised and unrealised gains and losses are credited, or debited, to the Statement of Financial Activities in the year in which they arise.

Financial Instruments

The charity 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.

18

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Notes to the Financial Statements

For the year ended 31 March 2021

Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are those incurred in connection with the administration of the charity and compliance with constitutional and statutory requirements. The bases on which support and governance costs have been allocated are set out in note 7.

Donated services

The value of services provided by volunteers is not incorporated into these financial statements.

The estimated value of any significant donated services is recognised within incoming resources as a donation, and an equivalent charge included within fundraising costs.

2. Income from donations

Individuals
In Memoriam
Organisations and Trusts
Donated services		 Unrestricted
£
150,179
159,302
339,755
150
649,386		 Restricted
£
230
1,605
28,690
-
30,525		 Total
Total
2021
2020
£
£
150,409
136,947
160,907
165,020
368,445
187,171
150
865
679,911
490,003

The income received from organisation and trusts over £5,000 included donations from the National Lottery Reaching Communities, The Childwick Trust, February Foundation, Wiltshire Community Foundation, T H Russell Charitable Trust, Albert Hunt Trust, Stephenson James Charitable Trust, The Valentine Charitable Trust and two anonymous trust donations.

For the year ended 31 March 2020 donations are analysed between funds as follows:

Individuals
In Memoriam
Organisations and Trusts
Donated services		 Total
Unrestricted
Restricted
2020
£
£
£
135,477
1,470
136,947
140,524
24,496
165,020
149,945
37,226
187,171
865
-
865
426,811
63,192
490,003

19

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Notes to the Financial Statements

For the year ended 31 March 2021

3. Income from other trading activities

Fundraising
Sales of Christmas cards		 Unrestricted
£
419,726
19,644
439,370		 Restricted
£
-
-
-		 Total
Total
2021
2020
£
£
419,726
549,994
19,644
23,328
439,370
573,322

For the year ended 31 March 2020 income from trading activities is analysed between funds as follows:

Fundraising
Sales of Christmas cards		 Total
Unrestricted
Restricted
2019
£
£
£
549,994
-
549,994
23,328
-
23,328
573,322
-
573,322

4. Investment Income

Investment Income
Bank Interest		 Unrestricted
£
85,986
1,347
87,333		 Restricted
£
-
-
-		 Total
2021
£
85,986
1,347
87,333		 Total
2020
£
91,027
787
91,814

For the year ended 31 March 2020 all investment income was unrestricted.

20

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Notes to the Financial Statements

For the year ended 31 March 2021

5.
Analysis of expenditure on raising funds
6.
Analysis of expenditure on charitable activities
Note
7
7
7.
Analysis of administration costs
Trustee meeting expenses
Salaries, wages and related costs
Fundraising
Cost of goods for resale
Support costs
Governance costs
Total expenditure (notes 5 and 6)
General office
Investment Management costs
Grant for Hospice clinical expenses
Grant for Hospice at Home clinical expenses
Grant for Hospice non-clinical expenses (training etc)
Depreciation
Legal fees
Depreciation
Auditors' remuneration
Consultancy fees
Professional development		 Staff Costs
£
245,936
-
-
245,936
Staff Costs
£
-
-
-
-
40,105
2,305
42,410
General
support
£
25,772
-
40,105
-
-
-
-
6,648
72,525		 Costs
£
43,069
6,568
5,132
54,769
Costs
£
950,000
35,050
29,792
1,014,842
-
25,772
15,827
1,056,441
Governance
function
£
-
1,699
2,305
5,560
1,295
-
7,273
-
18,132		 Depreciation
£
-
-
-
-
Depreciation
£
-
-
-
-
6,648
-
-
6,648
Total
2021
£
25,772
1,699
42,410
5,560
1,295
-
7,273
6,648
90,657		 Total
2021
£
289,005
6,568
5,132
300,705
Total
2021
£
950,000
35,050
29,792
1,014,842
6,648
65,877
18,132
1,105,499		 Total
2020
£
361,782
7,923
5,223
374,928
Total
2020
£
1,000,000
134,939
101,826
1,236,765
6,724
66,912
11,018
1,321,419
1,406,204
Basis of
apportionment
Invoice
Invoice
Allocated on time
Governance
Governance
Invoice
Governance		 1,696,347
Total
2020
£
28,928
2,225
40,186
5,100
1,491
-
-
6,724
84,654

21

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Notes to the Financial Statements

For the year ended 31 March 2021

8. Net Incoming Resources for the Year

This is stated after charging:

Net Incoming Resources for the Year
This is stated after charging:
Depreciation
Auditors' remuneration:
- audit
Staff costs were as follows:
Salaries and wages
Social security costs
Pension costs
Staff Costs and Numbers		 2021
£
6,648
5,560
2021
£
263,112
14,391
10,844
288,347		 2020
£
6,724
5,100
2020
£
265,871
16,943
12,047
294,861

9. Staff Costs and Numbers Staff costs were as follows:

None of the trustees received any remuneration or reimbursement of expenses during the financial year.

The cost of directors' indemnity insurance was £1,665 (2020 - £1,358).

No employee earned more than £60,000 during the year (2020 - None).

It is the policy of the Charity to reimburse in full all expenses properly incurred by its volunteers in connection with its charitable activities.

As stated in note 1, the charity operates two pension schemes. The NHS Pension Scheme is a defined benefit scheme, however the employer is unable to identify its share of the underlying assets and liabilities and as such the conditions in FRS 17 paragraph 9 are met and accordingly the scheme is treated as a defined contribution pension scheme.

Pension contributions to this scheme are charged to the SOFA as they fall due and amounted to £3,239 in the year (2019/20: £2,013). At the balance sheet date there were outstanding contributions of £265 (2019/20: £259).

The charity also operates a defined contribution pension scheme for all other staff and the contributions charged to the SOFA for this scheme for the year totalled £13,466 (2019/20: £16,310). At the balance sheet date there were outstanding contributions of £1,276 (2019/20: £Nil).

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

Fundraising/Administration
Fundraising/Administration
The average full time equivalent number of employees during the year was as follows:		 2021
No.
12
2021
No.
9		 2020
No.
14
2020
No.
9

10. Taxation

The Charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

22

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Notes to the Financial Statements

For the year ended 31 March 2021

11. Tangible Fixed Assets

**11. ** Tangible Fixed Assets
Office Computers
equipment equipment Total
£ £ £
Cost
At 1 April 2020 43,023 28,288 71,311
Additions - 1,638 1,638
Disposals (19,261) (17,357) (36,618)
At 31 March 2021 23,762 12,569 36,331
Depreciation
At 1 April 2020 37,271 23,967 61,238
Charge for the year 3,081 3,567 6,648
Eliminated on disposals (19,261) (17,357) (36,618)
At 31 March 2021 21,091 10,177 31,268
Net book value
At 31 March 2021 2,671 2,392 5,063
At 31 March 2020 5,752 4,321 10,073
12. Fixed Asset Investments
Total
£
Valuation at 1 April 2020 1,782,905
Additions -
Disposals -
Revaluations 351,973
Valuation as at 31 March 2021 2,134,878
13. Stock
2021 2020
£ £
Stock for resale 344 589
**14. ** Debtors
2021 2020
£ £
Trade debtors 72,538 56,156
Prepayments and accrued income 19,820 26,133
Gift Aid 5,267 5,430
Legacies 935,093 -
1,032,718 87,719
**15. ** Creditors: amounts due within one year
2021 2020
£ £
Trade creditors 9,137 7,815
PAYE and National Insurance 4,594 3,778
Other creditors 10,758 10,800
Pension contributions paid over after 31 March 1,711 427
Accruals and deferred income 20,578 34,988
46,778 57,808
16. Operating Lease Commitments
As at 31 March the charity had total future minimum lease payments under non-cancellable operating leases as follows:
Land and buildings
2021 2020
£ £
Less than 1 year - -

17. Unrestricted Funds

This represents funds which have been given for the general purposes of the Hospice.

23

24

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170)

Notes to the Financial Statements

For the year ended 31 March 2021

18. Designated Funds
Analysis of movements in Unrestricted
Hospice at Home Fund
Hospice at Home Fund		 Balance at
1.4.20
320,448
320,448
Funds - previous year
Balance at
1.4.19
379,730
379,730		 Incoming
resources
-
-
Incoming
resources
-
-		 Outgoing
resources
-
-
Outgoing
resources
(59,282)
(59,282)		 Transfers in/(out)
(320,448)
(320,448)
Transfers in/(out)
-
-		 Balance at
31.3.21
-
-
Balance at
31.3.20
320,448
320,448

Purposes of designated funds

As at 1 April 2016 the Trustees designated £1,000,000 to support the start of a Hospice at Home service. This designation from reserves was to allow the Salisbury NHS Foundation Trust to evaluate the benefit of such service and, if appropriate, to find long term funding for the service.

With effect from 1 April 2021 the NHS Clinical Commissioning Group in Wiltshire has undertaken to fund the Hospice at Home service and accordingly the remaining designated funds have been returned to the unrestricted fund.

19. Restricted Funds

Children's Bereavement Fund
Staff Fund
PGSC Fund
Hospice Garden Fund
Equipment Fund
Training and Development of
nursing staff at the hospice
Hospice at Home Fund		 Balance at
1.4.20
18,984
451
-
2,465
4,050
39,583
5,226
70,759		 Incoming
resources
-
890
158,922
4,690
7,000
19,215
250
190,967		 Outgoing
resources
(137)
(95)
(12,971)
(946)
(6,450)
(35,000)
(2,240)
(57,839)		 Transfers in/(out)
-
-
-
-
-
-
-		 Balance at
31.3.21
18,847
1,246
145,951
6,209
4,600
23,798
3,236
203,887

Analysis of movements in Restricted Funds - previous year

Staff Fund
PGSC Fund
Companion Service Volunteers
Training and Development of
nursing staff at the hospice
Equipment Fund
Hospice at Home Fund
Hospice Garden Fund
Children's Bereavement Fund		 Balance at
1.4.19
17,224
1,854
-
39,024
-
64,583
7,298
-
129,983		 Incoming
resources
2,060
373
3,615
1,500
4,050
50,216
100
3,726
65,640		 Outgoing
resources
(300)
(1,776)
(3,615)
(38,059)
-
(75,216)
(2,172)
(3,726)
(124,864)		 Transfers in/(out)
-
-
-
-
-
-
-
-
-		 Balance at
31.3.20
18,984
451
-
2,465
4,050
39,583
5,226
-
70,759

Purposes of restricted funds

Children’s Bereavement Fund

The charity receives funds for the purpose of treating child bereavement issues.

Staff Fund

The charity holds a small amount of funds provided as gifts to the Hospice for staff on their behalf until the funds are required.

For the year ended 31 March 2021

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Notes to the Financial Statements

19. Restricted Funds (continued)

PGSC Fund

The charity receives funds for the benefit of the Peter Gillam Support Centre.

£ The Estate of the late Rosemary James 158,442 Individual donations totalling 480

Equipment Fund

The charity receives funds to purchase specific equipment.

In 2020/21 the fund received the following grants and donations:-

£ J P Morgan 2,690 The Estate of the late James Rhind-Tutt 2,000

Hospice at Home

The charity received funds for the benefit of the Hospice at Home service.

In 2019 the fund received a grant of £75,000 from Garfield Weston Foundation to be expensed over a three year period. In 2021 other grants received during the year totalling £19,000 and individual donations totalling £215.

Training and Development for Nursing Staff Fund

The charity receives funds for the education, training and development of nursing staff.

In 2020/21 the fund received the following grants and donations:-

£ Albert Hunt Trust 7,000

Hospice Garden Fund

The charity receives funds for the maintenance of the Hospice garden.

Companion Service Volunteers Fund

The charity received funds to cover the costs of our Companion Service Volunteers.

20. Analysis of Net Assets between Funds

Analysis of Net Assets between Funds
Fixed assets
Net current assets
Net assets at the end of the year		 Unrestricted
£
1,936,054
1,637,340
3,573,394		 Designated
£
-
-
-		 Restricted
£
203,887
-
203,887		 Total
£
2,139,941
1,637,340
3,777,281

21. Related Party Transactions

At the balance sheet date Salisbury Hospicecare Trust Limited owed Salisbury NHS Foundation Trust £Nil (2019/20: £Nil).

During the year related party donations and gifts in kind totalled £365 (2019/20: £733), mainly from trustees and their family members.

25

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Notes to the Financial Statements

For the year ended 31 March 2021

22. Statement of financial activities - comparative balances as at 31 March 2020

Income and Endowments from:
Donations and legacies
Donations
Raising funds
Legacies
Other trading activities
Fundraising
Trading activities
Investment
Other
Fundraising
Trading expenses
Investment Management costs
Charitable activities
Grant for Hospice costs
TOTAL INCOME AND ENDOWMENTS
Expenditure on:
Administration costs
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE) FOR THE YEAR
BEFORE GAINS AND LOSSES ON INVESTMENTS
Net gain/(losses) on investments
Realised
at 1 April 2019
Total funds carried forward as at 31 March 2020
Unrealised
NET INCOME/(EXPENDITURE)
TRANSFER BETWEEN FUNDS
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS
Total funds brought forward		 Unrestricted
£
426,811
562,673
547,546
23,328
91,814
1,739
1,653,911
361,782
7,923
5,223
1,052,619
84,654
1,512,201
141,710		 Designated
£
-
-
-
-
-
-
-
-
-
-
59,282
-
59,282
(59,282)
-
-
-
(59,282)
-
(59,282)
379,730
320,448		 Restricted
£
63,192
-
2,448
-
-
-
65,640
-
-
-
124,864
-
124,864
(59,224)
-
-
-
(59,224)
-
(59,224)
129,983
70,759		 2020
Total
£
490,003
562,673
549,994
23,328
91,814
1,739
1,719,551
361,782
7,923
5,223
1,236,765
84,654
1,696,347
23,204
1,792
(226,070)
(224,278)
(82,568)
-
(82,568)
2,016,384
1,933,816		 1,792
(226,070)
(224,278)
(201,074)
-
(201,074)
2,526,097
2,325,023

26