CHARrrf REGISTRATK)N NUMBER: 1153338 Sidmouth Hospice at Home Financial Ststements 30 June 2022
Sidmouth Hosplce at Home FInCial Statements Year ended 30 June 2022 Pages Trustees, annual report Independent a(KIFtorfs report to the members Statemenl of finanaal a(knibes 1to7 8t011 12 Statemenl of financial posllion 13 Notes to the fmancial slatements 14to22 Th• following pages do rbot fomi part of the flnanclal sLqtements Detailed statement of financial adivitses 24to25
Sidmouth Hospice at Home Trustoes. Annual Report Year ended 30 June 2022 The TTUStees present th[ retKxI a1 the finarKial statements of the Charity for the yèar èrKled 30 June 2022. Reference and administrntiv• detalls Registered charlty name sJVIh at Charlty registration number 1153338 Prln¢lpal offic¢ Church Street. Sidlcd bKJnKxth EX10 9RL The tN8t¢os Mr D A Hancc£k Coc&. ChaiMn Mr D H Lee- VKe Chairman Mr P Cwch- Trgasurgr Mrs C A Veness Ms C S Wahlen 188d(MT R Eley MsHNds Mr K W Gillanders Ms R mkinn {reSTrjn 31 August 20211 (resign1 29 January 20221 lapwrrted 31 Augusl 2021} lappxxntad 16 August 2022} lappcinle(J 24 M8y 20221 Chl•f •x•cutlve oflker DrGRya Mr A Camerc Igrd 14 January 20221 18pwnled 25 April 20221 Auditor Westcdts (SWI LLP Charterg(J acc(wnlants & stabjtuy au(knr Timterfy sth Strgot AxmTrnstsr EX13 S4D Bankers CAF Bank 25 Kings Hill Avenue lQros Hill West MalliThJ ME19 4TA
Sidrnouth Hospice at Home Trustees, Annual Report {¢j) Year ended 30 June 2022 Stru¢tufe. governance managwn8rrt Con$titution Sidmouth HOspe * HcKn8 is a charit8ble irK¥xFmtwJ organisation was origmnalty estaljishgd as Si¢Jrnoulh e Trust by constitution daled 9 August 2013. It Chan ils name lo Shdmwth Howice at Home m 4 Novembw 2020. It is a regislerwj tharity, numtr 1153338. RC151rnent and Appolntsnont of 8owd of Truste• The Bo8r¢Y of Trustees is a self-appointing bcJy. One thyd of the members of the Board are rewirad to retire annually tryjt any may 00 re-d1 fty a ft¥U)er tem. lknnSsation The Trustees are for OverSng the sjmc at Ftha. PcY ecisions are made by the Trustees w1 meet regJlty. The Ct¥ef ExtiVe Offw is responsible for dealIt wlh day lo (Jay transactics. Risk management The Trustees have examingj all areas oflhe Charity's owatims consiLred the major risks facgJ in 8ath of these areas. In the qjinicn of the TTUStees, the Charity has establish res(YJr and rewew 5y31em5 vthich. under nmal ccnditicns. allow these risks to mitigated lo an acceptable levd in rts day to day cyeratw. R¢6$ policy In the pasL the Charity has relied incm frcm Wies to assist in fvTrJing its expeThJiture. By their vwy nature. the Trustees cannot assume that in future irKome will be a rewlar, reliable SOU of irKome. In recent years. the levd irKome frcyn Icfo.teTm investments and short4erm deposits ha covered a %gnffi¢xnl trxrt {Jeasj pfcyorticn of ts cost th8 Charity's charilabb a¢livities Th& Trustees cc¥isider that this trend is lik to coninue. Due to the Crit81 nalure of our servw lo our l(YAI community. and our Ccffnrn1trn lo the NHS 1hrCgh the Royal Devon Uriver&ty Heatthcare TnJst to pay kn the dnical s8rvicgs. the Trustg9s have decidwj that il is prudent to aim lo tKI the w)uNaknl of fve years of dinical costs in desbgnated InVlment poll¢y Ind objectives The Constiluts'on allcths funds lo be invested tfvith Officaal for Chaithes cf in sacurilies for the time bang authorised by law for the invests)tofthlstfvnd$ in ¢Aher investments linduding the purchase cl Ireetrh)Id cf Seh({l landl as the CunmTttee shall, C ad¥e of its financial adviser at tho liwne of investrnenl, select. The Trustees have invèsted M&$ in tAh interest and inveslrnenl units to secure quarterfy arhl 7hryth the strat&Jy to mainlain wvice to patients and the assets of the Charity. Charles staeY & Co Limiled {Exeter brarthl alise all crf Ihe Charity's sl(y market inbants and make haw Yea pres8nlats.cms at nwlings of the Trustees. The Chanty seeks to achwe the best finwxial retum lthin an atak8 levd risk. The investment ctiective for the maii is to erate a retLm in axcess crf inflation over the I Iwm wth a mgdiunFkAv vue risk aThJ to Fe5m the real value of the reserves.
Sidmouth Hospice at Home Trustoes. Annual Report Year ended 30 June 2022 Voluntwrs AI TTuslees. induding Chainnan. VKe-Chairman and Treasurer. are v(dunl8ers who gr their time fredy to the Charity to assist in the administralion fUti. staff relations and compliance %w)rk. The Charity also has the SeiCe$ of vdunleers vtho are d1Cted by the Voluntew Coordinators to provide required supm to the patients and carers Idrivus. sitters. befrienders. beTeavemenl}. Pawl for vfjhKle expenses and subsislwKe eyyses a made to these vduntews in this respg¢t. Publ1¢ b•nefft In planning the aclivilies for the year. the Tnjstees have kept in mind the Carity thmmion guvjan public benefit. The Charity has been est8blished lo provide the beneffts of palliative car8 to the residents of mOUth and Ihe wrnding distr¥Js. al of its actswties are forth on delivering re wthin th8 Iwl communty. This core is madg wailth toal memkrs ofthe pthicwlhi) the SKI V8118y. Thg Tnjstees are satisfi&J that these aims and Lieclives demcnstrale the Charitys adherence wth the pthic ber frewOrk. Objoctives and activit8 Our Mission statement is: To ensure care and pport is pKoMded to pwle in the SJ ValW with Irfe limthng illnesses, as well as thoir ¢argrs and f)llies. We do this by: Funding the provison of a 2417 speo"81ist palliab.ve nursi 8eN¢e f patients of Sk1mouth GPS. We now also have a Day Centre in Sidford. ProvidirvJ vdunteer suppcwi to pall carws and f11195 Idrivws. g118rs. b8friondors. bergavement, ¢afeis' group}. Prowsion of {m-Off items for famili85 in need. throuth a'hardshy. fvnd Opwating an lnfcffiti0n Pbjb in SthKArth Street. Achievemts and pwformance Key achitivements are cyJUin&J tdthv. This has been a very S9$$ful year in Iwms d ements110n of the In18grated Mc¢Jd of Care. as VAI as the deNEWmenl of the new HQ at Sidford and Ihe Information Hub in the town centre. AJ Carnerc j¢Thd the Charity as CEO on 25 April 2022. Opw*ional Oeliv This year marked the first full cJendar year of the Intwed Model Palliative and End of Lrfe Care. Al the heart cl this modd is a Palliative Nursing Team that is 8vai18ble 2417 and provide5 conlinuty of cwe for all palliative pallts and thw"r families. Includi.. SplalIst Symptom contrc4 for complex paIntS.. howce at home nursing care to en80 nKYe patients lo rernain in thwr own IK•me5 and povent unnecessary hospital admis%ons" psyth)bJl and oI10nal SUppt for all palignts and f8milies,' CLK)rdination and OVerst of wder conynunity 9JPPCrt to meet the iThJivKlual needs of each patient their f8mity. During the financi81 year the specialist serv8 caT&J for 153 patients in thew Last yearof lrfe. aTrJ enab19d 93% to remain at home in the Valley. wlwe they anj to be.
Sidmouth Hospice at Home Trustees. Annual Report (4x¥kn Year ended 30 June 2022 The demand for sarvice has gr¢ywn SI¥ran{ty anlvJ"paled (Jern. This has led to the Charity having to think ueatsvety atrfyjt how to lund and maintsin the level of service to keep up with the levds of demand. The demarKJ pressures have irTj by the 0ing of the Day tre services in new Sidford . We exm the cc#miry year lo by increased levels of marketing and fvndral& lo raise the profile of the Ctsrity ftjflher wthin thè Sid Valley. mark1rj it out as a leader of best practi and engaging the communty of the SKI Valky nY)re wdely to fund the In the second hall cl 2022. nurgng team was expaVJl by tskirrfJ C an additional Band 6 nurse. This is lo extra capa¢ity daaling th8 additicnal demand on our services, as well a5 Nmth tha proME40n of perviccv from our ncw Doy Contrc. Naw HQ and Day Centre The prO1t al sidfd was reinMra1fjd and driven hard. I1h a pned move4n dale in eady August. Whilst th8 broad an has remained the same. sc¥ne fundamental changEs to the interior i4yoLJI of the buihling were made to better refiect the intended use d the te. This includes mcffe office spxe and mowng a bathroom.to enabl& us to (rffer a Wider range of services. Since the end oflhis reporting the team nM)ved (xrt of Kod kSe 8nd into the new HQ al Sidford on 2 August 2022. The move wRnl smcothly. and cperatKms the building on th8 same day. We ncrw have the fdbwiro sgrvw yr8tiNJ iJrt of the LTrdy ctre.. McThJay.' Day Carg for &'drthyJth Hospice at HcThe pallts Tuesday: Dementia S&Mces run by the cnThnIty NuNr¥J le Wednesday.. Carer and Vdunleer supwt Thursday.. Dementia Services run by the cnu1ty NUng ten Friday.. Day Care Sh1mc Ho4¥co at Fkjne patients There we also Sne c(xnpkntsry theraFists cwating t of the lIdia. and Sid Valley Help ar8 using a rrK¥n one day per There are FAans to expand the usage of the side rr$ on the wund floor wlh further Cnementsry ther8pisls and CTtizens Athice bng ew. By th& end of DMber. a n8w Specialist AssiSj Bakn h&J been instalbj, %thich has been funded thrwgh the genwosrty ofthe Sidmcrtrth v#X8 FW)swtsl Ccffnfcrts Fund. This will futher expand our broad rangg of to (yjr patients. th8ir car8TS. and familw as part d our integrated model ol care. Profile and coffimfy ETrJag¢m•rt The Inform8lK)n Hub in Sklmouth'$ Hb3h Street has tn further develcped and our c(xnmitted team of volunteers, who asssl in running this faalty. brirg experti%e to delin9 a dNwse off8r of services there as wdl as a¢nS the ¢xganisation. We are immensdy grateful and appreciative for the work eth and dedKalK*n ofour staff who underAistair Carneron's stvwardship have enabled Si¢knouth Hospice at Hcrfne to have a very $l$sl year. aThJ sduing well into wr nth¥ aC¢wmti0n. offering opportUneS for devd(4Jn8ntto jrser¥ICe. furKlisng and geatsrawawess in the Iccal community.
Sidmouth Hospice at Home Trustees, Annual Report Year ended 30 June 2022 Achlavwn•nts and p•rfornMnco (CThI• Sce Ihis reporting wiod has eThJed. signifvAnt iMkwovw have be m&Jè lo tho InIr of the sts wth the airn of makIj this a more %bdcLNning and hospitable envirrmmenL whilst prowding 'structured' offell.ng lo encourage more pety to come into the bulding. Thts indudas the foll1ng'. IT adwce Cilizerb5' Advice Bereavement SLVP(Vt drop in sesson Folh)wing thc rcpoiting fc this annual report sLkn1hx. th6 Charity wnploy•a 8 Marko1in9 and Income Generation Manager lo drive the Marketing aryj Fundraigng of the Chartty to increase awareness and ¢roawwL as well as MamIng I generats'c to suppct our eXdIng list of Lc()kir forward the Charity Vlill otirje to impyove care suprxxt that wa can prride IIYough.' Continued provisi cl y¢ialist nursirvj supFKYt palients th complex needs. Ho4Mc8 at hI)e nursing proMsb)n to able mcrfe patsnts to ain in their tmn homes. Widef suppoybve wvKes to help our patients arvJ ¢arers to have the best [ible quality of life and lo hdp address any cernS they have. WI Serv for carers. to pro¥ide respte and help t17 to stay CcneLl ¥th thr friands and Ihe community. Broadening cmjr serwces to all patients have a Sid V81 GP and we dIn0sl as palliative (including for example thrtse %%Yth advanced dementia or frailty). Wcrfking with ots ganIsab"0nS in ccrfnmunity aThY ggnposting to them to Provide the best posSie c¥e SUPF•Xt to cr patients and their I119$. Fin¥n¢ial re¥1 The finan slatemwls and the 0n11ng pdiues uJ in their preparaticn ccmply V•ith all of the ¢urrgnt Statut requIremts arKI ith the 9)vemiThJ dcKument. The Ststement of FinarKial Actiwb"es shThvs the chaiity totsl in(¥Mne of £281.407 {2021.' £596.744) and lotsl exp8nditure of £642.439 {2021'. £515,396) during the perirA. Exptsnditure (including nursing salaries and clinical costs) exGee(led income in ty £381.032 and theTe was a reduction in the valualion crf li8t8d investments of £132.153. Res at the year end were £3.497.165 {£4.010,3501 of which £15,091 {2021.' £15.1781 werg Testricled and £2,913,167 IlJ21.. £818.9291 (kngnatod. leaving free reserves of £568,90712021: £3,176.243}. Plans for futufe The main aims 2022123 are brrkn into fve disti1 categcrfies: t. Our D•llvery-dellverlng our speclalSst s•rvlce to our communlty Continue to devekp the specialist nursing service prowsion and the ider Integf8ted Model of Care. Ensure continued prow&on of 2417 nurse and vunteer care and suprrt)rt patients, carers and families. prowtyed by Nurses employed by the Royal Cw University Healthcare Trust arKI funded ty Sidnv)Lth Pk)spice al Home. Ensu compliance V•ith rvanl W'slation and r4uirements. 2. Our SuslalnabHIty- •nsurlng the orpolng sustalnability of our Charlty Develop and ddiver a new fundraising strategy wilh a strong knus lega(ues. Str8rW8n finarrial manag9ment ond 9)nce of the Charity.
Sldmouth Hospice at Home Trustees, Annual Report{C¢W Year onded 30 June 2022 Achiev•monts and pwfornmnce (¢Th 3. t>Jr klentity- growlng our Prn and spreadlng ¢)ur messag• Develop and ddiver a marketing and communications stralegy that sets our s1311St $8rvice apart as a beacon of best prathe. Er %Mth communty and SUPFMYters. strenJhw1r Idtity as the specl8llsl palllallvè care charity the Valley. 4. Pwpl•- d0P1n9 our peOe brlngSng everh¥x on ouriourney Ensuring the best possibl8 managwnent 8ThJ SUPKKXt ftx tyjr dedKled team of staff 8nd vdunleers. mapp1j arKI better understandirg our supporters eryaging tx88tively. 5. Pla¢- 7here we operate and how we best u$¢ th¢se spacts and pla C(mliniJe gr¢Mng the use of our rW HQ at Sk#ford in a suslain8ble fashion. ¢r8atJvgly urj the spac lo support our patients. thr cwers and famil as as the wider ccMnty of the SKI Vallgy. This 11 indude ervJaging and partwng other dwriiiès vkno wjuld beneff( frcrfn Ung our space. Also seeking funding to crniplete the WO lo the grwTMts around the buihjing. We 118180 continue to exF4ore we can devdop use dthe 1nf0rrati Hub Sidmoxrth High Street, erJralftg peop to visit the Hub reisry txff wofile thin the crmmunity.
Sidmouth Hospice at Home Trustees. Annual Report(¢ Year onded 30 June 2022 Trustees. r•sponstrllttles st3twn8nt The Trusiees are le$sio for preparing the TryteeS. reFQrt and the financial statements in acwd8n¢e wlh applicable law and Urwted Kirykni PrAjntia Stsndards Iuntsj Kingdom Generally Acceptd ACCOUntir Praclic&}. The law applble to charitss in EnglaTrJ and Wales require5 the Chavity TTu5tees lo prepare finla4 statements f(K e8th year vthich give a true and fair wew of the of affairs of the chanty and of the incoming resour and applicati of rex)L crf the {ty for that wic#J. In preparing these finala1 ststgmonts. the trustees are required to: sg1 suitablg a¢ting rxAi¢igs aThJ th9n awy thwn cOlS19ty. tho methods prino)les w) tl Chaiibes SORP; makejudgnents and aeeounting eslrnates Ihat s reasonab and pnthiL stale vthether applKalAe UK knnting sLyards have been fc4lrftH. ble(l lo any material depariures disdosed and explained financial StateIs.. tKepare the finan(#al statements on the g)iNJ (Cn b8sis it is inaFpropriate to presume that the Charity will cCtinUe tmjsiness. The Trustees are respOble keeping adequate accwnting records that are sufficient to show and explain the Charity's transactions 8nd dtsclose wtth rea$able accuracy at any time the financial F)sition of the challty and enable them lo ensure that the finarla1 statements ComYth the Charities Act 2011, the applb Char¢$ (A1n1$ and RekXXtsl Regulations. and the wovisions of the Trust Deed. Ttrw are also respsible for safeguarding the assets of the charity al hence for tsking rgasonabb steps f¢f thg prevention and of fraud th o¢Fw irregulariti. The Trustees, anThJal report was 8pprov&J on trustees by. ILI LI sbJn&J M behaff of the board of Mr P Cranch - Tr¢asur•r Trustee IAr O A H¢0¢ Cook. Chalrni Trustee
Sldmouth Hosplce at Home Independent Audltorfs Report to the Menknrs of Sldmouth Hospiee at Home Year ènded 30 June 2022 Opinlon We have audited ts financi81 st8tenwts of SKYroJth 81 H¢yne (the 'Charityl ts the year end8(130 June 2022 Yknich Ccprise the ststemenl of fnancial actNities, slalemenl offinan¢ial FA)8ition and the related noles, incI1n9 a summary of nirKnI ac(XMJnting pcAicAes. The finanaal reportlng frarnework that has been applied in thg"r pyeparation is applicable law and United ngdorn Acc(xJnting Standards, includiro FRS 102 The Finanual RepCtI3 Slandard in the UK and Republic of Irdand (United KinOM Generally Accepted A{jting Practic81. In ¢Jur opinw th& rna181 6tatwrthts.' give a try and fair ofthe slate ofthe tharivs affars a5 at 30 June 2022 of its rMIng resrG8S and aca of reSr. dlting ils infxxne and &xrdrfY[e, fcf the year then ended.. have bew p¥( prepar&1 in wilh Unilgj lfjn9Jom GenallY Accept AccKMJnting Practice., have been prepar•J in acccwtsn¢e vAlh of the Charibes Act 2011. Basls for oplnlon We conducted our audit in acccfdance ilh Internati81 Standarfs Audrbng (UK) IISA8 IUKII and applicable law. Our respon&bilits"e5 under th)se standards are further described in the audi$ responsilitieS lor the audit of the financial statwts Sgcb.r of cxjr f8tKXt. We are indewdenl of the charity in aCCordare Mth t 9th1 Tequirements that are relevant lo our audit of the financial ststements in the UK, induding the FRC'S Ethul StaThlard. and we have fUilled our other ethical responsitmlities in aCCcdance these rw4u1r0mts. We bdieve that the audit eVidere we have rttaIn is Sufficie and appropriate to rmide a for our opini. Concluslons relatiThJ to golng conwn In audfang thefinCi3I slatwiiwit4 have CCdUded that the Irustees. use ofthn9 basls of xwJntin9 in thè kry)ar8tirM of Ihe finaTKial statnentS is aFproprikn. Based on the work we have performed. we have not pdentrf any material UncertaInth relatsng to events (Y txx)dititr)s that, indmdualty or cdlectivdy. may cast ggnifvant doubt on the chariV5 ability lo continue as a going concem f(x 8 P8ri(Kl of al least mcnths frC when the finanual statements are aulhorised for issu8. Our resp(bilitIeS and the respSibIlitieS crf the trustees *ith rewt to 9ing ccrwn 8r8 described in the relewdnl sections of Ihis rwt.
Sldmouth Hospice at Home Independent Auditorfs Roport to the Members of Sldmouth Hospice at Horne (CWKlwodJ Year ended 30 June 2022 Other information The other inlom)ati(m ctynpr1S the information indudBd in the annual repcrfl. other than the financial statements aThJ our aLTrditorfs réport Ihereon. The Trustees are reSPxsb for the other infomwtion. Our opInK the finala1 stslwn8nls ¢kns not cover the ¢knr Inf(¥Mati and. exp1 to the exianl othermse eyplicAtty Stat in wr rem do not express any fcffm of assurance celUSion thern. In connection with ourwdit ofthefmanaal statwngnts. wr T¥S1b11Ity is to read the clher inforwnation 8nd, in (k¥ng so, consxjer wthelhef Ihe other infcThts"on is materially i[KXSteftt with thg financial statements or r knovleAge obtained in the audil or appears to be malerialty misstated. we idenlfy suth molerial incongsterrie9 appBrent material misstatements. we nrc roquircd to determine whethw there is a material misstatem1 in Ihe finanual statements OT a material misstslwnent of other infomatic. M, based on theworft have wf(xrwl, we condude that there is a material misstatement of this othw fcrfmakn. we are reryired to rwt that fact. We have nothing to reFNt in this rvjard. Matt•rs on whlch w• ar• r•quir•d to r•port by •x¢¢ptlon In the light oflhe kn¢xleAge and understandThJ ofthe cl• and its en¥ironmentobtained in the course of Iho audit. have not identified materi81 misslatrnts in Ihe trustees. rBFKJrL We have nothing to rem in res of the feting Matte in rdstiC to which CharTlies Acl 2011 rw4uires us to report lo you rf. in cyinton.. the infom7at given in the trustees. rqxxt is IrmxIsI•ffi in any material res(ct wth the financial stslements.. adequate ac£tyJnting T(S have Thjt b88n kept.. the fin¢181 statsmen15 are ml in ayeement with the aCctir¥3 rdS and returns", or we have not receivel all the inftymatsc aThJ expkgnats we reqre f(T (Yjf 8udit. Responsibilities of trust••s As explained more fully in the Trustees. rew%bilthes slat8ment. the Trustees are rwsible for the preparatim of the ffinancial statements and for bng sath"sr that they gNe a true arKI fair vie•V, and for such intem contrc4 as the Truslees detemirn is necessary to enablg the prePati of anCIal statements that are free Ircmn maIal misstalemenL ¥%thethef due to fraud or errcf. In prèparing Ihe finanaal ststements. the Trustee5 are respcnsible for a5sessng the charis abiltty lo onlinue 88 a ¥g c(rm, disdosing, as appluble, matters rdatgd to going Cor0M and usirKJ the going concern basis of acc(wnting lesS thè Trusts inteThY lo Iw4uidate the Charity or to cease operab"ons. tr have no realistic alternalive but to do so.
Sidmouth Hospice at Home Independent Auditorfs Report to the Members of Sidmouth H05pice at Home Year ended 30 June 2022 AudltoV$ r•8pon$ibillti•$ for the audit of the financial statements Our 0.4¢¢8$ are to obtsin wsonable assurance about whethw the finanu81 t¥ents as a whole are free frcln material rnisslalement, whether due to frwd or errof, aThJ to i8sue an audilorfs TeF(rt that ildeS tyjr opini(m. Reas(¥wble assurance is a high k8vd of assurn8. but is not a guaranloe that an audit cduCted in accordarKewth ISAS IUK}will aayS delt a material misstalementvknen it exists. Misstatements CAn arisg fr< fraud err 8nd are c(x)sidwed material if. indivKIu81ty or in the aggreg8te. they couha reasonaY be expect•J to influence th8 )ncniC deCIonS of users taken on the basis of these finanaal statements. IrrwritIe clUdIng fraud. are inslaw of n(TrUylIance wlth laws and reguLgtions. We deslgn pr(Kedures in line our respon&bilrties. above. to drt8ct material misstalements in respect of IrregularitS. including fraud. We ident[rd areas of laws and regulations that ¢wld 8$(Matsty be expect1 to have a maierlal effect on the financial statem9nts frcm (KJrgeneTal COMM4 8nd s&tt¥ exp and through dIu$S1on with the truslees and management. We communKaled itif1 and wulalions throUghCl o le8m. and rernained alert to any indicati(ms of non-ccM1ance throughcwl tho a1t. The tharity is sUt¥t lo Jaws and wulatirms that gowi thg preparati{ of the finandal ststemon including financial rgp(b'ro18gisIati, and otlw chanty legislati. The ch8rity is also suiyect lo other laws and regulations Ythere the Sequer of ComPli?e could have a material impact on the amounts or disclosures within the financkgl Staternen indudiro bLrt rh)t limited to, emplOYff1, anti- trxibwy and 8nli-mw launderirwJ. Chmng to the Inrent limitati$ of an aLvJil. there is an unavoidable risk that we may Mt have detected some Mat81 misstatements in the finanoal slalements, even thou we have properfy planned and f(xmed (Kjr audit in accordance with auditirKJ standards. In any audrt. thwe remains 8 higher risk of nc-d8tectIOn crf irregularibes. as these may invclve ccllusiorb. forgwy, intentional omissions. misreprgsgntslions, or the OVWTide of intemal ccffttrob. We are not rosponsible for preventir4J non- (pIlance and cannot be to ¢Jet&t Mn-Lx¥nFdi8rte 1th al laws aTrJ wulakns. As part of an aLbJit in accudance ISAS IUKI. V•P exercise wofess•xal judgment and maintain prOfeSsal scepbtism through(Krt the audit We also: Identify and assess the risks of material misslatsment of the financlal statements, whether due to fraud or error, desi perfrxm audit py<K¥Ju$ responsive to those risks. and ct)tain audit 9videncg that 1$ sufficiwt 8nd aFfropriate to pro¥ide a basis kn ¢xr wnion. Thè risk of not detscting 8 Matla1 misstatement resulting fr(i) frajd is hvJlr than f(Y one reSung from error. as fraud may invOe (xA1usi. fry, inten11J cffiissKffls. MiwepreS1o¢k)n$. or the ov9rride ol ¥ilemal conlr(A. Obtain an understanding of intunal contrd rdevanl tothe audit in tydlo design audit prttedures that are appropriate in thg (ircumstar. but not fty the purpose of expressir¥J an opinion on the Evalu*e the appropriateness of nIIng us&J th8 reasonablerE5$ of accwnting 85timales and r8kt&J disdosures made by the trusteB& 10-
Sidmouth Hospice at Home Independent Auditorfs Report to the Members of Sidmouth Hospice at Home Year ended 30 June 2022 Condude on the appropriateness of the Irustees. use of the Ng ccytsm basis of accounting aNJ, bas9d the audti eVKlen¢e (t)tsined, whether a material uncertainty exists rela1j to events conditions that may cast signfficanl d(Kl on the (ariWs abilty to (tinue as a wncern. If we conclude that a material uncutainty exists. we are required to draw attenlKJn in our 8uditorfs report to the related tjisclosures in the financial staternts or, rf such dis(Josur@s are inadequate, to modify our opinion. Our wdusKY)s are based the audit evidence obtained up lo the dale of auditor's P)rt. However, fulufe events or c0ndrtr m8y c•use tho ¢hanty lo to continue as a going corrnn. Evaluate the overall preWtsli. stwdLre ¢tent ot the finala1 stalement4 induding the disclosures, and er the financial statements rwesenl the urVJertng transacti¢S and events in a manner that achieves fair prgsontation. We communicate wth those tharJred wth govemance r[dir0. amcry olheT matters. the planned Sco 8nd liming of the audtt and signthcanl audit findings. iruding any 5iwrficant deficiencies in intemal ¢(1rd that V+ wjentify during our au(IL Use of our report This report is made solely to the charitys members. as a bc4Jy, in accordance section 144 of the Charities Act 2011 and regulations made under stion 154 of that Act Our audit Work has been undertaken so that Wo mKJht state lo the cJ)arits mwnbers those m8tters we a qUired lo slate to them in an auditorfs rewt and for rKJ Oth purpose. To the fullest exient [mitt9 by law, we do not accepl or assume resp¢)ngbilty to any(Me other than the charity ar the ¢th8riWs memLw8 as a body. for audit th, ts tl¥s rert crf the opinicS have fornd. stuart CarTington FCA {Sonlor Slatutory Auditor) For and on b¢haW of Westwtt5 LLP Charterod accountants & slatutory authtor Tlmbèrly South Stroet Axmln$tor Devon EX13 SAD 26.04.2023 11
Sldmouth Hospice at Home Statement of Flnancial Activities Year ended 30 June 2022 2021 UryeSt[ted Rtell fvThJ5 fUrK Total fund$ Total fijnds Income and •ndth*m¢nts DOnatIS and legaCS Investment in(x 186.5 74,898 186,500 74,9)7 527,331 69.413 Total Income 261,398 261.407 596,744 Expenditure EXnditre on r8ising lunds.. Investment managemnt costs Expenditure on tharitable a¢tivibes Total oxpendituro 119.Y261 {622.41n 1642.3431 (19,9261 120.3031 {96) {622.5131 {495.0931 {96} 1642.4391 {515.396) Net Ilossesygains Inveslrnw 1132.1531 1132.1531 239.424 N•t (•xpfrndititr•Vincom• and net movement In funds 1513.098} 187) (513.185} 320.772 R¢¢on¢lllatlon of funds Totsl funds brCht fcwdrd Total fund$ ¢arrl•d forward 3,¥J5.172 15.178 4.010,350 3,689.578 3.497.165 4,010,350 3,482.074 15.091 The statement offinawal actiwties indudes all gains and kwes rwnis&l in the yoar. All inccrne and exwditure derive frcm witinuing 12-
Sidmouth Hospice at Homo Statement of Financlal Posltion 30 Juno 2022 2022 2021 Flx•d a¥ts Tangible fixed assets Inveslmenls 13 14 9¥6 1167,736 3.122.432 3.367.927 818.929 2.548.998 Current assets Debtors Cash at barth and in haThJ 15 331.358 147.084 265.1 $5 477.942 478.442 743.097 Creditors: amounts falling due within one year Net curront as$•ts 16 {103.709) 1100.674} 642.423 374733 Totsl assets l•ss curr•nt liabllltl 3.497.165 4.010.350 N•t assets 3.497.165 4.010.350 Funds of th¢ ¢harlty Restricted funds unrastrict lunds 15,091 3.482.074 15.178 3.995.172 Total charity funds 18 3,497,165 4.010.350 Thesg fin8n¢ial statements approv&J by the tKArd of trustees and for issue on ..gO10212Q.?3..., and aro signed on bdl of the b)ard by: Mr P Cranch - Treasur•r Tiustee IAr D A H•ncock Cook- cha1rnn Trustse T ncts8 on paw 14tr22 fomi part fin•rtral statThrrt& 13-
Sldmouth Hospice at Home Notes to the Flnanclal Statements Year ended 30 June 2022 General infomiatlon The Charity is 8 publ beneffl entity arnl is registw&1 with the Charity CMISSln in England and Wa5 as a charitable unCLrate{l cryanisaticn. The &Jdress of the Pr1rApa1 office is Church Street, Sidford, SidM¢, Devon. EX10 9RL Stat<rn•nt of ¢omplian¢• These finanoal slements have bew Kwared I) (xmnptiance th FRS 102. The Financial ReporttrKJ StsrKJ8rd aPtible in the UK the RepublK of Irdand,. the Ststement of RlMendj Practice apPIable to charibes prepariThJ their accounts in accordance vAth the Financial Rewxbng Stsndard applKable in the UK an(J Republic of Ireland {FRS 1021 (Charities SORP {FRS 1021) and the Charities kt 2011. A¢uti Wicies Basis of proparation The fin¢181 stst8menl$ have been prepar&l the historical cost bas. as mDJifièJ by the revaluat of cortan finan(ial assets and lith.liiies. The financial statements we praparod in sterlin9, wht¢h is func1181 CUrr¢Y of the entsty. The Trustees have prepared the acc$ (m ts rj c£fflcem b8sis as thor9 are no future pnn CK committ&) eypendtiuTr LEy(¥KI that whic can frL¥n krM)Ym Ine c Jrrenl levds of ree5. Dis¢losuTe exemptknns The Chartty has taken aoknnlage of the exemptiCfL in FRS102 frc¥n the wuirement to woduce a ca5hflow statement se it is a small drIty. Judgements and key sourcts of •stimion un¢¢rtainty The [Kepara1i ol IhefinarKllal 51atwnents rulre$ Manag1 to Make1Jgerls, eslimates and assumptions that afft the ¥Mnts reported. These eslim819s and judgeMlS are tinually revithved 8nd a based on exPeriere aThJ other faCts, induding eXatIonS c future events that are be4 to be reasMatAe und8r the urcm)slances. Thertr are no judgements or key Sour of estimati Utainty that hève a signrftsnt risk of causing materi818djustment to assets and lialI1ieS to be ilisck)sed. Awwnting estimates and assurnplicffls are mad8 COreming tha future and, by thr nattjre, wil rarety equal the relat actual wtc(Th. Fund accountlng Unrestricted fijnds are aValae for al ts d1scretK of the Truslees in furtherance of the purposes of the Charity. Unrestn'cted funds indLbJe a rewaluaticffl reserve representing the reslatemenl of investrnerrt assets al market value. Desgnated lunds are unrestricted fvnds earn[ by ts Trust for specffic purposes. ReStrted fund$ are wL1"Kj torestridicffls on their eXjiture imF¥)s&J by the dcOr orth(rAJgh the terms of an appeal. 14-
Sidmouth Hospice at Home Notès to the Financial sements Year ended 30 June 2022 Accounllng polkl8s (eonlinwdl In¢tsmiThJ re8our¢8s All income is indud&J in tho StstomlI (A finan(ial aCbbe$ wthen the Charity is gntiugd lo the income. any perf0m related condi11cS attached have or are fijlly within the control of the Charity, the Irome is c9(19red t(tsble and the amwnl can be quantified wth reasonable accuracy. Thefdl(Mro specrft are to particUlar¢atOnes ofln¢ome: Vcduntary c(ne is recwvgd by w8y of grants. and grfts and is included in lull in the statement (rf finan(#al actMtie5 receivable. Grants %there entiuement is not conditional on the delivery of sptr w10m)ar9 by Ihe Chwity, are rwniwj when the charity iwomes unCOndrallY entiued to the granL Investment inccyne is Inclwjed wl)en reNed. Legaaes are indLMJed when the Charity is adws&J by the perscmal representslive ofan estate that payTht will be made wopety transferr1 &KI the arrAJnt involvèl can be quantsfJ. Resowces expended Expenditure is rognISed on an wuals basis as 8 liabilty 1$ incurred. Expenditure includes any VAT vthich cannot be ful r0verj. and is as pari of the expenditure lo whh it relates: Cosis ofraigng funds comprisethe costs asscciald attrathng donatiS. gants and lega(¥es arKI the costs of trading for fvndraising rxjrposgs Chall1ae expenditure comprise c(Asts iTh)JrrtrJ by Ihe Charity in the delivery of its actiwties and SvICeS t its Lwefi(?arie5. It includes cc6ts that can be alktstgJ dif lo such a¢lfvities and Ihose costs CA an Indi natu nessary to supp)rt thern. Supwt costs are those Inrred in supwt of eXplture the otyects of the charity and included pro11 managernenL other expenditure inclwjes 811 expth that is neither rdalgd lo raisng funds for tho Charity n( P8rt of tts eX[rture cn chaiilatle acti¥Ft All costs are allocated eynditure calwes of the SOFA cfft a bass designed to reflect the use of the resourc&. Costs relating to a particular acbwty are alkKatsd direcdy. Othors are 0pporb(ed on an appropriate bas. as set in Ihe rK)tes lo the 8CCLMJnts. Tangible assets Freehokl prwty is iiibaly red at cosL arKI subsequ8nly Sta at cost less any accumula depreciation. Fixiures. fittings and equirmngnt are initialty rwded 81 cost. subsequentty stated at cost less any accumulated dewe¢1ab". This represents a change of accounting polscy fr¢yn pnor periods whgre these assets were written off to the Statement of Financial Activities in theyear of purchase. There is no mat101 imp8Ct frDm this ¢• for this cf future peritxls. Depreciation is calujlated so 8S to write off the cosl orvahJali)n of an assel. S its residual value. over Ihg useful acOrn Ife d thal asses as follcms: Land and buildings Fixtures and fittirgs Equipment straight li ovw &l yg8r5 straight li over 10 years strat lin over 5 years 15-
Sidmouth Hospice at Horne Notes to the Financial Statements Year ended 30 June 2022 Accounting policies Unksted equity invesknwts are in.811Y rcJj atC4A a1 wbwu8ntty m8asur&1 alfair value. Ir fwr vakje carw¥)t be reliably meayJr. assets are nEasur&l at cost less impairment. Listwj investments are at fair vaue with thanges in fair value being reccgnised in income eXd11re. Flnanclal Instruments A financral asset or a financial liatxlity rwxwlj onty vl)on the entity 8 party lo the ¢(tractUal provisions of the instrument B8shc financial instrumtS are inilially r• at the anKJnt recovae or payable indLKling any related transactK)n C$. unless the arr3ngernent consbtLrtes a transacti(. where il is rwnised al the present value CO the futwe paYrts at a market rate of intorest for a similar debt instrumenl. Current assets and cuThent liabiklies a subsequtyffleasured atthecash orother consKleration exp to be pavj or reced aNI not disctxjntsd. Debt instruments are measwr&l at aft11$6d cost. Where Invests)nts in shares or pTeference shares are pUblY trad&J or their fair dIue can otherw be measured reliably, ve51ment is sjbsequenty measured at fair value with anges in fair value rwiseil in Irr aThJ expendtiuie. Al othw such investments are DefSned contributlon plan• Conlributions to defined witriLxjti) pLgns are r&owised as an eXse in the pw)d in which the related seNi¢e is provided. PwaKI contribjlions are rec(yJnised as an asset to the extw)t that thè prepayTnent wll lead to a redl)n in futu PaYts a cash refund. When not eXPd lo be settw V[Y wittmn 12 rtth$ of the end of the r8porling dalo in the npknYeeS render the service. the liability is m6asur&l on a dis¢oJnted Present value bas. The unwinthn9 of the dIs4t is reY(¥JniwJ as an expense in the period in which it arEes. Donatlons and l•ga¢l Unrestsicted Total Ful5 Unrestricted Total Funds FWMJS FuThJs 2021 Donations Donations Gfft aid inc(#n8 .903 {10.701) 80.W)3 (10,701) 36.155 36.155 Legxlos Legacies 114.798 114798 478.887 478.887 Grants Grants r8wat 11,384 11.384 186.S(KJ 186.500 527.331 527.331 16-
Sidmouth Hospice at Home Notes to the Financial Statements (Cor} Year ended 30 June 2022 Imiestment income Unrestricted Funds Restricted Ttstsl Funds Funds 2022 2022 Income from list invesknwts Bank interest receivabl8 74.825 73 74.825 74.898 74.907 Unrestricted Restricted Total Funds Funds Funds 2021 2021 In¢m frcm liste(l inveslments Bank interest receivable 69.397 14 14 69.411 69.413 Inv•8tmènt management costs UN8str Total Funds Unre81ithd Totsl Funds FurKIs 2022 Funds 2021 chwges 19.926 19,926 20.303 20.303 Expondlufe on charitable activiiieB by fund ty unreStrted Restricted Total Funds Funds Funds 2022 2022 General funds SuppKYt ijjsts 569.370 53,047 622.417 569,370 53.143 622.513 unr8st1Ied Restried Tcrtal Funds Funds Funds 2021 2021 General funds Supw costs 445.898 44,117 450,898 44,195 495,093 78 49).015 S.078 17-
Sidmouth Hosplce at Home Notes to the Financlal Statements (C Year ended 30 June 2022 EX{lituTe on charitable acthitles by xth5ty type Lmdertaken Total fund5 2022 Totsl fund 2021 General fvnds Govemance costs )9.370 569,370 53.143 450,898 44,195 53.143 569.370 53.143 622,513 495.093 Net (lossv9aInS M Investments Unrestrict5 Total Funds Unrestricled Total Funds FUj$ 2022 Funds 2021 Gal(1{se$l list investments 1132.1531 {132,153) 239.424 239.424 10. Audltors remunwatlon 2022 2021 Fees payat49 fixlhe audit of the fin8n¢ial stslements 2.994 11. Staff costs The average head cwnt of plOyeeS during tho 6 12021.. n. The avw number crf full-time equiwdknt employe8$ duriry the y&r is alYs& as follcpws: 2022 No. 2021 No. Managerial staff Administrative staff The number crf empknyees wl)ose annual reffluneratic and beneffts was £60,000 or more were: 2022 2021 No. £60,001 to £70.1 K•y mwgement personnel Key management personnd indude all perS(S Ihat have authcyity and responbIlIty for planning. directing and c0ntrdll the 8¢1iviti"es of the arity. The tolal ccyrpensation paid lo key managemw)I pwsonnd for seNces provid&1 to the Ch8rity VRS £80.16412021: £60.0361. 12. TnMts• remuneratlon exp•ns•s No remuneratM or its b8nefrts frcffi emF401 wilh the Charity or a reLql&l entity bsre re¢eNed by the Trustees. No ewses were reimbu& to TnJsts8s the al (J)21: n(thl.
Sidmouth Hospice at Home Notes to the Financial Statements Year ended 30 Juno 2022 13. Tangiblo fixed assets Freehold Fixlures aThJ ffttings EqLTripmenl Total Al 1 July 2021 Additions 883.371 114.191 883.371 162,540 1.045.911 28.5)7 19,842 19,842 At 30 June2022 997.562 28.9)7 Doproclatlon Al 1 July 2021 Charge for the year At 30 n¢ 2022 64,442 19.953 2,851 26,773 84.395 2,851 91.215 cayIng amount At 30 Jun• 2022 913.167 25.656 15.873 954696 AI 30 June 2021 818.929 818.929 14. Inv•stm•nls Llsted inv•8tments Cost or valuaiion Al 1 July 2021 Addibms Disposals Olh8r movernents 2,548.998 304.382 (553.491) (132.153) l167.736 At 30 Jun• 2022 Carrying amount At 30 June 2022 2,167.736 AI 30 June 2021 2.548.998 The atx>ve carrying 8m¢xJnts *e rn159 as f1. 2022 2021 Held at fair v81ue Held at historical cost less impaim)ent 2.167,736 2.548.998 Flnan¢lal assets held at fairvaluo Fixed asset investhents are included in the fina101 stat4Tnts al markol value. All ¢hanggs in value. whether arising U[ disKKJsals c¥ upon revaluakn. are report in the slaternenl of financial a¢tswbes ftr the yr in the charwJ8 r$. 19-
Sidmouth Hospice at Home Notes to the Financial SL*mentS (•wthi•dJ Year ended 30 June 2022 15. D¢btOT5 2021 Tr8d8 debtors PrepaYMt$ and o¢L7ued Irwr Oihet debtors 247.000 4,529 13,626 61,033 331.358 265,155 16. CrltOrS. arnounts falling due wlthln 0Thg y•ar 2022 2021 Trade ¢yedit(rs Accruals and deferred income Other credilNs 4.827 7.612 .755 89.007 103,709 100,674 17. Pensions and othor post r•tir¢ment b•n¢frts Defined contrlbullon plans The am(wnl recognised in inccrfne cff expenditure as an exwse in rel81K to defined contribution plans was £3.14512021: £2,596). 18. Analys1$ of ¢harltable funds Unrestrfciod furn1$ At 1 Jul 2021 Gains arKI At 10s$0$ 30 Jun 2022 2022 In¢ome ExpeTrjrt Transl8rs al bJnds Griffith's fund Property fijnd ain1 Swes fund 3.176.243 261.YJ8 I622,3} {2.114.1911 1132.153) $68,907 818.929 {19,953) 114.191 913.167 2.(th.¢) 2,000.000 1132.153) 3.482,074 3.995,172 261.398 1642,343) At 1 Jul 2020 Gains ar At losse$ 30 Jun 2021 2021 Income Expendibjre Transfers Genwal futKIs Griffith's fund Propgty fun¢J 2,749,241 86,824 833.259 595.383 {491.8} 92.384 17431 {95.7rJ} (17.6691 596.742 (510.3181 f31,141 8.283 3.176.243 818,929 3.995,172 3,669.324 239.424
Sidmouth Hospice at Home Notes to the Flnancial Statements Year ended 30 June 2022 18. Analys58 of charttable funds (t Purpo$M ¢f d•slgnat¢d fund• The Grilllth's fund was Ignlty mado avalab newty Patits 8nd their families was presented by cash at bank and irWeslmen At the end of tha fmancial year the Trustees. 91g¢ted to Iransfer the baL8nce of the fvnd into gèneral rewvos. The Property fund rwesents the t value of land and LMJik1ing held by the Charity. Tho Cllnlcal Sw¥lus Fund presents the equtvalenl of fNe years. ¢osts for the provision of Clinical SeNices Ihrou9h our Inlegrdted Mcwjd of Care by Ihe Charity. These funts have been designated as a cci)mttment to enre the ¢(nUTty of crilical awiical serv thr(AJgh our Integrated M¢xJel of Care a (1 of at st five yaars. Rthicted funds At 1 Jul 2021 Gains and At sses 30 Jun 2022 Incm Ex[diture Transfers Meckrfl EducalKX) fund Hospice at H 15.178 196) 15,091 15.178 196) 14091 At 1 Jul 2020 Gains and At losses 30 Jun 2021 Inme EXpJire Trnn5fws Meckrff Education fund 15.254 1781 1s.cwi 15.0781 15.178 20.254 15,178 Purpos• of r•StrIct funds The M•cklff Eduution fvnd is av8ilable for nutsing stsff teaching and training. is represenl&J by cash 8t bank. Th¢ %)spice at Home fund represents dal red l(Y4Yarts providing 8 HosFiC& at Home specialist nursing service in the SKI valY. 21
Sidmouth Hospice at Home Notes to the Flnancial Statements {Cty¥bw•O Year ended 30 June 2022 19. Analys1$ of net assets betwe•n funds Unrestrthd Restrictod Total Funds Funds Funds 2022 Tangible fixd assets Investments 954.696 2.167,736 463,351 {103.7091 3.482.074 954.696 1167.736 478,442 1103.709) 1497,165 15.091 Creditors less than 1 year 15.091 Unrestricted Restricte(l Totsl Funds Funds FurKts Tangible fixe•J assets Inveslmgnts Current assets Creditors18ss than 1 year 818.929 2.548,998 727.919 I1.674) 3.995.172 818.929 2,548,998 743,097 {11X),6741 4.010.350 15.178 15.178 20. R•lat•d party transactlons Thwe were rK) rdalwj party Iransacticns thJrr#J the year (2021.. ncml.
Sidmouth Hospice at Home Managoment Infomiation Year ended 30 June 2022 Th• folltr•Ang pagos do nol forni pat ol th• financial stat•m•nts.
Sldmouth Hosplco at Home Detalled Ststwnent of Flnanclal A¢tlvltles Y•ar Ondad 30 Jun• 2022 2022 Donatlon8 •Thl legacles DonatnS Gtft akfj income Legaaes Grants reNat40 80.9)3 110.701) 114.798 36.155 90S 478.887 11.384 186,500 527.331 Inv•strti•nt Income Income frn listed inveslments 74825 14 74907 ,413 Total incorno 261,407 590.744
Sidmouth Hospice at Home Detailed Ststement of Flnanclal Actlvltles (GonUnu•dJ Year ended 30 June 2022 2022 2021 Invont managernent costs Investment management fees and charges 19.926 20,303 Exp¢rKliture on char5table actMtI•s Wageslsalaries Em0y$l$ NIC Pension costs Recruitment costs Health and Welbeing Centr8 Prcperty costs Insurance Staticery. FN)Stage and teleph(e orri¢e equipment Depreuation on prop DepreCtiOn on other assets Nurses. Salaries and expenses Medical gquipwnenL supplies and trealme smOUth HOsCe at Hm gjtwt costs Management fee Profile raising events Volunteer suppcrt Surklry exwses Vat r&L8irn 132.627 7,303 ,427 3.846 1,983 15,230 10.582 23.105 S,139 7.478 5.644 17.669 19,051 6,002 11,292 19,953 6,820 326,891 2,529 5.127 212,444 34,215 12.007 9.576 2,923 6.358 5.503 4211 (26.609) 569.370 450,898 Exponditure on gov•man¢e Salaries Salaries. errybyerfs national insuraKe Salaries- enorts pen& Payroll fees Accountancy fees Audit fees Legal and professtonal fees Bank ¢harge5 30.930 3.107 24.950 2.714 613 765 3.780 4.314 8.116 367 51143 44,195 622.513 495,091 Total expendttur• 515,396 N•1 (l¢sstsygaln$ on inv•skn•nts Gain51llossesl cn lisled inveslm (132.153) 239.424 Net {eXpdIturelnCtse (513.18¥ 320.722 -25-