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2023-03-31-accounts

SALISBURY HOSPICECARE TRUST LIMITED (A Company Limited By Guarantee)

Report of the Trustees and Financial Statements

for the year ended 31 March 2023

Company no. 06525170 Charity no. 1123314

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170)

For the year ended 31 March 2023

Page
Report of the Trustees
● Reference and Administrative Information 1
● Letter from the Chairman 2
● Trustees' Report 3
Report of the Independent Auditors 8
Statement of Financial Activities 11
Balance Sheet 12
Cashflow 13
Notes to the Financial Statements 14

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

For the year ended 31 March 2023

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 2023 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
Jo Broom
Aloysia Daros
Ian Downie
Peter Hill
Mark Merrill
Michael Nielsen
Nicola Spicer
Stella Sykes
Investment Managers Cazenove Capital, Schroder & Co Limited, 1 London Wall Place,
London EC2Y 5AU
Quilter Cheviot, London Road Office Park, London Road,
Salisbury SP1 3HP
Bankers National Westminster Bank Plc, 48 Blue Boar Row, Salisbury
SP1 1DF
Aldermore Bank Plc, Apex Plaza, Forbury Road, Reading
RG1 1AX
CCLA, Senator House, 85 Queen Victoria Street, London EC4V
4ET
Auditors Fawcetts LLP Chartered Accountants, Windover House,
St Ann Street, Salisbury SP1 2DR

1

For the year ended 31 March 2023

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

Letter from the Chairman – David Pardoe

Welcome to our annual report for 2022/23, my fifth year as Chairman.

This year has continued to be challenging as we recover from the COVID 19 Pandemic and the repercussions of the Cost of living crisis, meaning our ambitious income targets for the year were adjusted at the half year point.

Nevertheless, we have continued to see invaluable support from across the community. Generous donations towards the ‘Big Give’, supporter led events, corporate partnerships, lottery subscription and sky dives, are just a few examples of the many different ways our local community has continued to help us raise vital funds this year.

Next year we will be developing a new 5 year strategy with the aim to significantly increase the income raised over this period. These plans will include further development of the fundraising team, and the introduction of new income streams to underpin the success we have achieved in recent years. Our robust plans will ensure we can continue supporting Salisbury Hospice long into the future.

Despite the challenges over the last couple of years, one factor has remained a constant throughout my time as a trustee. It has been, and continues to be, humbling being involved with an organisation like the Salisbury Hospice. The staff and patients at the hospice make it an inspirational place and I think that is reflected in the enormous support that is demonstrated to the hospice time and time again.

My thanks to all those involved in the delivery of all the services based at the hospice and to everybody whose generosity has helped Salisbury Hospice Charity support the work they do.

David Pardoe Chairman, Salisbury Hospice Charity

2

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

For the year ended 31 March 2023

Structure, Governance and Management

Salisbury Hospicecare Trust Limited 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 forteen, twelve 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 50% of the hospice services.

3

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

For the year ended 31 March 2023

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 2022/23 over 2,000 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 2022/23 there were a total of 244 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 2022/23 580 patients were supported by the hospice team in the community. (NB this does not include those treated by Hospice at Home)

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 2022/23 956 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. During the Covid-19 pandemic the centre was closed, with the team providing telephone support to the patients and working with others in the hospice team to deliver monthly activity packs. The centre reopened in April 2022, initially on a limited basis, in 2022/23 52 patients used the day care centre.

Other therapies

The occupational therapists and physiotherapists work predominantly on the inpatient unit, but also in the other branches of the service. In 2022/23, 286 patients were supported by the therapy team. Support includes symptom control, rehabilitation, equipment needs, and discharge planning.

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 2022/23, 116 clients and patients received bereavement and 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 2021/22 and 2022/23, and there is currently minimal funding available for this part of the service. Into 2023/24, the trustees have committed to fund an education post, initially over an 18 month term.

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 2022/23 there were a total of 126 patients who received hospice at home support. The charity provided the funding for a four year initial offering of this service which is now fully funded by the NHS with the charity aiming to provide funding to allow the service to expand to meet currently unmet demand.

4

For the year ended 31 March 2023

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

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 Covid-19 pandemic severely curtailed the charity’s fundraising activities for much of the year to March 2022. The fundraising team replaced some of the planned activities with virtual events although to the end of the period some outdoor events were possible and were well received. This and the subsequent Cost of Living Crisis continues to have continued to have a large impact on fundraising activities. The trustees anticipate that fundraising will remain 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 both Cazenove Capital and Quilter Cheviot.

Fundraising

This year we continued to reinforce our key messaging, with emphasis on the financial demands we have as a charity, and the need to raise funds. We utilised the press, social media, billboards, radio and the rear of buses to share our key messaging and promote the variety of ways to support our fundraising.

On the back of the pandemic, we relaunched our events programme, with The Celebration Walk, Wessex Country Fair and Fire and Glass Walk achieving £100,000. We also produced a Sports and Challenge brochure, which inspired supporters to raise £33,000 from individual challenges.

Across the year, Community Fundraising continued to grow, with an additional Community Fundraiser joining the team this year to further develop this income stream. Key highlights were the annual Hatch House Open Garden organised by our Tisbury Fundraising Group, which raised £21,000, and the Fabulous Family Fun Day which achieved £21,000. The Christmas Tree recycling scheme saw continued growth, with an increased number of individuals and corporate supporters volunteering their time, the initiative raised £23,000.

Corporate Fundraising also achieved success, with a number of new partnerships built whilst Trust Fundraising continued to prove invaluable with several new multi-year funders on board.

A further highlight this year was The Big Give Christmas Campaign. Working alongside the Hospice Team, this online matched giving campaign raised £41,000 towards Hospice at Home.

Across the year, In Memory Fundraising achieved £174,000, with the flexibility to donate online through the MuchLoved platform helping to sustain this income stream. Our Light Up a Life service was a great success, with the event and accompanying appeal raising over £7,000.

In partnership with local solicitors, we continued to promote legacy giving through a successful Make Your Will campaign. This resulted in a number of legacy pledges.

Your Hospice Lottery, run by St Helena Hospice on our behalf, continues to be a valuable source of income. With 6,625 weekly players, this income stream raised £172,000 this year.

Our Christmas card sales continue to do well, achieving £21,000 with a number of new sales outlets on board.

In a challenging fundraising environment our diversity of income streams is playing an important role in safeguarding our income.

Volunteers

The charity and the hospice is fortunate to have a dedicated team of around 200 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 600 hours per week saving the hospice an estimated £325,000 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.

5

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

For the year ended 31 March 2023

Financial Review

The results for the year are shown in the Statement of Financial Activities. The net deficit for the year before losses on investments was £391,132, where our fundraising activities were impacted by the legacy of the coronovirus pandemic, along with the Cost of Living Crisis .

The grant to Salisbury NHS Foundation Trust to fund hospice services in 2022/23 was £1,335,416. In addition the charity provided £34,000 to the hospice for non-clinical expenses including staff and volunteer training and patient comforts, and £27,100 being the first instalment of the Hospice Treatment Room refurbishment.

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 legacy and the cost of living crisis on the charity's fundraising capacity.

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 2023 the general fund amounted to £2,593,723. On the basis of the agreed policy the reserve requirement is between £1,298,000 and £1,444,500. The reserve surplus will enable the charity to maintain its contribution to the Salisbury NHS Foundation Trust for the hospice service over what is anticipated will be several challenging years for fundraising.

In addition the Trustees have committed up to £150,000 for an IT system upgrade for the hospice, and £86,000 over 18 months to fund an education post within the Hospice. They have also committed to fund a shortfall in the Hospice at Home funding for the year 2023/24 of £84,000. The Trustees are also aware of the need for investment in changes to the hospice building and infrastructure.

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 professional fund managers, by restricting the range of investment instruments and by requiring its investment portfolio to be diversified. This is achieved by holding its investments in Charity Authorised Investment Funds. The trustees have agreed benchmark returns and the means of monitoring performance against these with the investment managers.

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 maintain its donation to support the hospice to £1,300,000 for the year 31 March 2024, with additional capital and one off items being funded. It expects the year to be a difficult one for fundraising as the ability to encourage supporters to attend mass participation events remains problematic. In addition, concerns about the increases in cost of living, as well as public financial support for Ukraine are expected to impact charitable giving and involvement.

Nevertheless, the charity plans to continue with a wide range of fundraising initiatives, and aims to be in a position to continue to support the hospice service from its current fundraising activities.

6

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

For the year ended 31 March 2023

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 12th July 2023

David Pardoe Chairman of Trustees

7

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 2023 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

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

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

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

Other information

The other information comprises the information included in the Report of the Trustees, 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:

8

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 including fraud

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 our 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.

9

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 charity'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:

10

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

For the year ended 31 March 2023

Unrestricted
Note
£
2
534,995
330,513
-
3
496,050
21,645
4
115,001
-
1,498,204
5
428,129
7,390
5,678
5
1,366,273
81,113
10,591
1,899,174
(400,970)
-
12
(209,568)
(209,568)
(610,538)
16
(236,000)
(846,538)
3,440,262
2,593,724
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
Administration Support costs
Total funds carried forward as at 31 March 2023
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 2022
Expenditure on:
Fundraising
Governance costs
Raising funds		 Unrestricted
Note
£
2
534,995
330,513
-
3
496,050
21,645
4
115,001
-
1,498,204
5
428,129
7,390
5,678
5
1,366,273
81,113
10,591
1,899,174
(400,970)
-
12
(209,568)
(209,568)
(610,538)
16
(236,000)
(846,538)
3,440,262
2,593,724
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
Administration Support costs
Total funds carried forward as at 31 March 2023
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 2022
Expenditure on:
Fundraising
Governance costs
Raising funds		 Designated
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
236,000
236,000
-
236,000		 Restricted
£
38,580
-
-
1,828
-
-
-
40,408
-
-
-
30,569
-
-
30,569
9,839
-
-
-
9,839
-
9,839
296,506
306,345		 2023
Total
£
573,575
330,513
-
497,878
21,645
115,001
-
1,538,612
428,129
7,390
5,678
1,396,842
81,113
10,591
1,929,743
(391,131)
-
(209,568)
(209,568)
(600,699)
-
(600,699)
3,736,768
3,136,069		 2022
Total
£
697,995
318,215
-
448,236
22,444
94,155
1,287
1,582,332
304,474
6,486
5,765
1,286,743
74,446
17,456
1,695,370
(113,038)
-
(209,568)
(209,568)
(610,538)
(236,000)
(846,538)
3,440,262
2,593,724		 72,525
72,525
(40,513)
-
(40,513)
3,777,281
3,736,768

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

11

SALISBURY HOSPICECARE TRUST LIMITED (Company number 06525170) Balance Sheet

As at 31 March 2023

Note
Fixed assets
Tangible fixed assets
9
10
11
12
Cash at bank and in hand
Creditors: amounts due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
Funds
Unrestricted funds
15
Designated funds
16
Restricted funds
17
Investments
Stock
Debtors
Current assets
Deposits		 2023
£
1,647
2,380,231
2,381,878
1,234
126,959
572,765
107,246
808,204
(54,013)
754,191
3,136,069
2,593,724
236,000
306,344
3,136,068		 2022
£
3,466
2,686,233
2,689,699
1,243
159,049
853,352
147,705
1,161,348
(114,279)
1,047,069
3,736,768
3,454,844
-
281,924
3,736,768

The financial statements were approved and authorised for issue by the Trustees on 12th July 2023 and signed on its behalf by:

David Pardoe Chair

Mark Merrill Treasurer

12

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

As at 31 March 2023

Purchase of property, plant and equipment
Cash and cash equivalents at the beginning of the year
a) Reconciliation of net income/(expenditure) to net cash flow from operating activities
b) Analysis of cash and cash equivalents
Cash at bank and in hand
Investments and Interest income
(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
b
Proceeds from sale of investments/release of funds to cash reserve
Net cash provided by (used in) operating activities
Cash flows from operating activities:
Cash flows from investing activities:
Investment and Interest income received
Note
a		 2023
£
(531,821)
115,001
(660)
96,435
-
210,776
(321,045)
1,001,057
680,012
2023
£
(600,699)
2,478
209,568
(115,001)
9
32,090
(60,266)
(531,821)
2023
£
680,011		 2022
£
738,140
94,155
(3,464)
-
(478,830)
(388,139)
350,001
651,056
1,001,057
2022
£
(40,513)
5,063
(72,525)
(94,155)
(899)
873,669
67,500
738,140
2022
£
1,001,057

13

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

For the year ended 31 March 2023

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 costs 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 Office equipment

Straight line over three years Straight line over two and five years

14

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

For the year ended 31 March 2023

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.

15

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

For the year ended 31 March 2023

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 5.

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

Income from donations
Individuals
In Memoriam
Organisations and Trusts
Donated services		 Unrestricted
£
110,799
172,765
251,431
-
534,995		 Restricted
£
14,633
1,606
22,341
-
38,580		 Total
2023
£
125,432
174,371
273,772
-
573,575		 Total
2022
£
169,224
146,686
381,935
150
697,995

The income received from organisations and trusts over £5,000 included donations from T H Russell Charitable Trust, The Stephenson James Charitable Trust, The Albert Hunt Trust, Hospice UK, The Big Give Trust, The Weinstock Fund and The Hospital Saturday Fund.

For the year ended 31 March 2022 donations are analysed between funds as follows:

Individuals
In Memoriam
Organisations and Trusts
Donated services		 Total
Unrestricted
Restricted
2022
£
£
£
159,044
10,180
169,224
140,521
6,165
146,686
302,848
79,087
381,935
150
-
150
602,563
95,432
697,995

16

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

For the year ended 31 March 2023

3. Income from other trading activities

Fundraising
Other Income
Hospice Lottery
Sales of Christmas cards		 Unrestricted
£
321,672
1,870
172,508
496,050
21,645
517,695		 Restricted
£
1,828
-
-
1,828
-
1,828		 Total
Total
2023
2022
£
£
323,500
264,357
1,870
1,436
172,508
182,443
497,878
448,236
21,645
22,444
519,523
470,680

For the year ended 31 March 2022 income from trading activities is analysed between funds as follows:

Fundraising
Other Income
Hospice Lottery
Sales of Christmas cards		 Total
Unrestricted
Restricted
2022
£
£
£
264,357
-
264,357
1,436
-
1,436
182443
-
182,443
22,444
-
22,444
470,680
-
470,680

4. Investment Income

Investment Income
Investment Income
Bank Interest		 Unrestricted
£
105,068
9,933
115,001		 Restricted
£
-
-
-		 Total
2023
£
105,068
9,933
115,001		 Total
2022
£
91,390
2,765
94,155

For the year ended 31 March 2023 all investment income was unrestricted.

17

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

For the year ended 31 March 2023

5. Analysis of expenditure on raising funds and charitable activities

Grants paid
Salaries including employer NI
Pension costs
Cost of fundraising activities
Cost of goods for resale
Depreciation
General office costs
Trustee meeting expenses
Audit fees
Other fees paid to auditors
Consultancy costs
Legal fees
Investment management fees		 Grant for
hospice
clinical
costs
Grant for
hospice
at Home
clinical
costs
Grant for
hospice
non
clinical
expenses
Grant for
Hospice
refurb
Fund
raising
Trading
Support
Govern
ance
Investme
nt mgmt
Charges
Total
1,335,417
238
34,062
27,125
1,396,842
280,334
45,122
2,701
328,157
11,146
1,872
13,018
136,649
136,649
7,390
7,390
2,478
2,478
27,138
27,138
1,890
1,890
6,000
6,000
0
3,125
3,125
1,378
1,378
5,678
5,678
1,335,417
238
34,062
27,125
428,129
7,390
81,113
10,591
5,678 1,929,743		 Prior year
1,286,743
266,801
11,021
69,062
6,486
5,063
29,278
1,624
4,800
320
3,480
4,927
5,765
1,695,370

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

For the year ended 31 March 2023

6. 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		 2023
£
2,478
6,000
2023
£
308,697
19,271
13,018
340,986		 2022
£
5,063
5,120
2022
£
254,190
14,942
12,185
281,317

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

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

No employee earned more than £60,000 during the year (2022-23).

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 £0 in the year (2021/22: £3,238). At the balance sheet date there were outstanding contributions of £0 (2021/22: £444).

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 £13,018 (2021/22: £12,086). At the balance sheet date there were outstanding contributions of £nil (2021/22: £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:		 2023
No.
14
2023
No.
11		 2022
No.
13
2022
No.
10

8. Taxation

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

19

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

For the year ended 31 March 2023

9. Tangible Fixed Assets

Cost
At 1 April 2022
Additions
Disposals
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
Eliminated on disposals
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
10.
11.
12. Debtors
Prepayments and accrued income
13. Creditors: amounts due within one year
Trade creditors
PAYE and National Insurance
Other creditors
Pension contributions paid over after 31 March
Accruals and deferred income
Revaluations
Stock for resale
Additions
Legacies
Fixed Asset Investments
Valuation at 1 April 2022
Trade debtors
Disposals
Valuation as at 31 March 2023
Stock
Gift Aid		 Office
equipment
£
23,763
660
-
24,423
23,153
777
-
23,930
493		 Computer
equipment
£
16,033
-
-
16,033
13,178
1,701
-
14,879
1,154
2,855
2023
£
1,234
2023
£
58,364
35,455
1,665
31,475
126,959
2023
£
6,202
-
10,758
-
37,053
54,013		 Total
£
39,796
660
-
40,456
36,331
2,478
-
38,809
1,647
610 3,465
Total
£
2,589,799
-
-
(209,568)
2,380,231
2022
£
1,243
2022
£
54,470
19,551
1,769
83,259
159,049
2022
£
64,854
4,937
10,758
444
33,285
114,279

14. Operating Lease Commitments

As at 31 March the charity had total future minimum lease payments under non-cancellable operating leases as follows:

Less than 1 year
Less than 1 year		 2023
2022
£
£
-
-
2023
2022
£
£
2,985
5,891
2,985
5,891
Equipment
Land and buildings		 2023
2022
£
£
-
-
2023
2022
£
£
2,985
5,891
2,985
5,891
Equipment
Land and buildings
5,891

15. Unrestricted Funds

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

20

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

For the year ended 31 March 2023

16. Designated Funds
Systm One
Total
Education Post		 Balance at
1.4.22
-
-
-		 Incoming
resources
-
-
-		 Outgoing
resources
-
-
-		 Transfers in/(out)
150,000
86,000
236,000		 Balance at
31.3.23
150,000
86,000
236,000

Purposes of designated funds

Systm One Palliative Care Module for Integrated End of Life Care, is to replace the current ePAL system used by the hospice. The Trustees have committed to fund up to £150,000 over a three year term, to include set-up and training costs, as well as the initial running costs.

The Trustees have also committed to fund the salary cost of a new 'Educational Post' within the hospice. The agreement is to fund the salary cost on a monthly basis for an initial period of 18 months.

17. Restricted Funds

Restricted Funds
Children's Bereavement Fund
Staff Fund
PGSC Fund
Hospice Garden Fund
Hospice Treatment Room Fund
Equipment Fund
Training and Development of
nursing staff at the hospice
Hospice at Home Fund		 Balance at
1.4.22
18,847
3,235
156,001
5,784
6,675
46,717
3,236
56,012
296,507		 Incoming
resources
-
150
-
-
-
40,258
-
-
40,408		 Outgoing
resources
-
(225)
-
(1,359)
-
(938)
(921)
(27,125)
(30,568)		 Transfers in/(out)
-
-
-
-
-
-
-
-
-		 Balance at
31.3.23
18,847
3,160
156,001
4,424
6,675
86,037
2,315
28,887
306,345

Analysis of movements in Restricted Funds - previous year

PGSC Fund
Hospice Treatment Room Fund
Training and Development of
nursing staff at the hospice
Equipment Fund
Hospice at Home Fund
Hospice Garden Fund
Children's Bereavement Fund
Staff Fund		 Balance at
1.4.21
18,847
1,246
145,951
6,209
4,600
23,798
3,236
-
203,887		 Incoming
resources
-
3,390
10,050
-
4,125
23,504
-
56,012
97,081		 Outgoing
resources
-
(1,401)
-
(425)
(2,050)
(585)
-
-
(4,461)		 Transfers in/(out)
-
-
-
-
-
-
-
-		 Balance at
31.3.22
18,847
3,235
156,001
5,784
6,675
46,717
3,236
56,012
296,507

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.

21

For the year ended 31 March 2023

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

17. Restricted Funds (continued)

PGSC Fund

The charity receives funds for the benefit of the Peter Gillam Support Centre. The trustees are looking at various ways to use the restricted donated funds for the PGSC, these funds include a significant legacy.

Equipment Fund

The charity receives funds to purchase specific pieces of equipment

Hospice at Home

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

Training and Development for Nursing Staff Fund

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

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.

Hospice Treatment Room Fund

The charity receives funds to purchase specific equipment.

18.
Fixed assets
Net current assets
Net assets at the end of the year
Analysis of Net Assets between Funds		 Unrestricted
£
1,839,534
754,190
2,593,724		 Designated
£
236,000
-
236,000		 Restricted
£
306,344
-
306,344		 Total
£
2,381,878
754,190
3,136,068

19. Related Party Transactions

At the balance sheet date Salisbury Hospicecare Trust Limited owed Salisbury NHS Foundation Trust £Nil (2021/22: £Nil).

During the year related party donations and gifts in kind totalled £2,500 (2021/22: £nil).

22

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

For the year ended 31 March 2023

20. Statement of financial activities - comparative balances as at 31 March 2022

Income and Endowments from:
Donations and legacies
Donations
Raising funds
Legacies
Other trading activities
Fundraising
Trading activities
Investment
Other
Coronavirus Job Retention Scheme
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 2021
Total funds carried forward as at 31 March 2022
Unrealised
NET INCOME/(EXPENDITURE)
TRANSFER BETWEEN FUNDS
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS
Total funds brought forward		 Unrestricted
£
602,563
316,568
-
448,236
22,444
94,155
1,287
1,485,253
304,474
6,486
5,765
1,267,699
91,902
1,676,326
(191,073)		 Designated
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
£
95,432
1,647
-
-
-
-
-
97,079
-
-
-
19,044
-
19,044
78,035
-
-
-
78,035
-
78,035
203,887
281,922		 2022
Total
£
697,995
318,215
-
448,236
22,444
94,155
1,287
1,582,332
304,474
6,486
5,765
1,286,743
91,902
1,695,370
(113,038)
-
72,525
72,525
(118,548)
-
(118,548)
3,573,394
3,454,846		 -
72,525
72,525
(40,513)
-
(40,513)
3,777,281
3,736,768

23