CHARrrf REGISTRATK)N NUMBER: 1153338 Sidmouth Hospice at Home Financial Ststements 30 June 2022 Sidmouth Hosplce at Home FIn￿Cial 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 a￿1 the finarKial statements of the Charity for the yèar èrKled 30 June 2022. Reference and administrntiv• detalls Registered charlty name s*J￿￿VIh at Charlty registration number 1153338 Prln¢lpal offic¢ Church Street. Sidlc*d bKJnKxth EX10 9RL The tN8t¢os Mr D A Hancc£k Coc&. ChaiM￿n 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 m￿kin￿n {reSTrjn￿ 31 August 20211 (resign￿1 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 I￿gr￿d 14 January 20221 18pwnled 25 April 20221 Auditor Westcdts (SWI LLP Charterg(J acc(wnlants & stabjtuy au(knr Timterfy s￿th 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$titution Sidmouth HOsp￿e * HcKn8 is a charit8ble irK¥xFmtwJ organisation was origmnalty estaljishgd as Si¢Jrnoulh ￿￿e Trust by constitution daled 9 August 2013. It Chan￿ ils name lo Shdmwth Howice at Home m 4 Novembw 2020. It is a regislerwj tharity, numt*r 1153338. RC￿151rnent and Appolntsnont of 8owd of Truste• The Bo8r¢Y of Trustees is a self-appointing bc*Jy. One thyd of the members of the Board are rewirad to retire annually tryjt any may 00 re-d￿*￿1 fty a ft¥U)er tem. lknnSsation The Trustees are for OverS￿ng the s*jmc￿ at Ftha. P￿cY ecisions are made by the Trustees w￿1 meet regJl*ty. The Ct¥ef Ex￿tiVe Offw is responsible for dealIt￿ wlh day lo (Jay transactic￿s. Risk management The Trustees have examingj all areas oflhe Charity's owatims consiL*red the major risks facgJ in 8ath of these areas. In the qjinicn of the TTUStees, the Charity has establish￿ res(YJr￿ and rewew 5y31em5 vthich. under nmal ccnditicns. allow these risks to ￿ mitigated lo an acceptable levd in rts day to day cyeratw￿. R￿¢￿6$ 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 {J￿eas￿j pfcyorticn of ts cost th8 Charity's charilabb a¢livities Th& Trustees cc¥isider that this trend is lik* to coninue. Due to the Crit￿81 nalure of our servw lo our l(YAI community. and our Ccffnrn1trn￿ lo the NHS 1hrC￿gh the Royal Devon Uriver&ty Heatthcare TnJst to pay kn the dnical s8rvicgs. the Trustg9s have decidwj that il is prudent to aim lo tK*I the w)uNaknl of fve years of dinical costs in desbgnated InV￿lment 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 t*Ah interest and inveslrnenl units to secure quarterfy arhl 7hryth the strat&Jy to mainlain wvice to patients and the assets of the Charity. Charles sta￿eY & Co Limiled {Exeter brarthl alise all crf Ihe Charity's sl(y* market in￿b￿ants and make haw Yea￿ pres8nlats.cms at nwlings of the Trustees. The Chanty seeks to achwe the best finwxial retum ￿lthin an a￿tak￿8 levd ￿ risk. The investment ctiective for the maii is to ￿erate a retLm in axcess crf inflation over the I￿ Iwm wth a mgdiunFkAv v*ue risk aThJ to F*e5m 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 fU￿ti￿. staff relations and compliance %w)rk. The Charity also has the Se￿iCe$ of vdunleers vtho are d1￿Cted 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 C*arity thmmi￿on guvjan public benefit. The Charity has been est8blished lo provide the beneffts of palliative car8 to the residents of ￿mOUth and Ihe w￿r￿nding 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 L*ieclives demcnstrale the Charitys adherence wth the pthic ber￿ fr￿ewOrk. Objoctives and activit￿8 Our Mission statement is: To ensure care and ￿pport is pKoMded to pwle in the S*J 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 f￿11195 Idrivws. g118rs. b8friondors. bergavement, ¢afeis' group}. Prowsion of {m￿-Off items for famili85 in need. throuth a'hardshy. fvnd Opwating an lnfcffi￿ti0n Pbjb in S*thKArth Street. Achievem￿ts and pwformance Key achitivements are cyJUin&J tdthv. This has been a very S￿9$$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 pall￿ts and thw"r families. Includi￿.. Sp￿lalIst Symptom contrc4 for complex paI￿ntS.. howce at home nursing care to en8￿0 nKYe patients lo rernain in thwr own IK•me5 and povent unnecessary hospital admis%ons" psyth)bJ￿l and ￿￿oI10nal SUpp￿t for all palignts and f8milies,' CLK)rdination and OVers￿t of wder conynunity 9JPPCrt to meet the iThJivKlual needs of each patient their f8mity. During the financi81 year the specialist serv￿8 caT&J for 153 patients in thew Last yearof lrfe. aTrJ enab19d 93% to remain at home in the Valley. wlwe they ￿an￿j to be. Sidmouth Hospice at Home Trustees. Annual Report (4x¥kn Year ended 30 June 2022 The demand for sarvice has gr¢ywn SI￿¥r￿an{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 ir￿T￿￿j by the 0￿ing 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. mark1r￿j 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 expaVJ￿l 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 prO1￿t al sidf￿d was reinM￿ra1fjd and driven hard. I￿1h a p￿ned 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 ￿k￿Se 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 c￿tre.. McThJay.' Day Carg for &'drthyJth Hospice at HcThe pall￿ts Tuesday: Dementia S&Mces run by the c￿nTh￿nIty NuNr¥J le Wednesday.. Carer and Vdunleer supwt Thursday.. Dementia Services run by the c￿nu1￿ty NU￿ng te*n Friday.. Day Care ￿ Sh1mc￿ Ho4¥co at Fkjne patients There we also S￿ne c(xnpkn￿tsry theraFists cwating ￿t of the ￿lIdi￿a. 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 C￿n￿ementsry ther8pisls and CTtizens Athice b￿ng ew. By th& end of D￿Mber. a n8w Specialist AssiS￿j Bakn h&J been instalbj, %thich has been funded thrwgh the genwosrty ofthe Sidmcrtrth v#X￿8 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 coffim￿fy ETrJag¢m•rt The Inform8lK)n Hub in Sklmouth'$ Hb3h Street has t￿n further develcped and our c(xnmitted team of volunteers, who asssl in running this faalty. brirg experti%e to deli￿n9 a dNwse off8r of services there as wdl as a¢n￿S 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 $l￿￿$s￿l year. aThJ sduing well into wr nth¥ aC¢wm￿ti0n. offering opportUn￿eS 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 (C￿￿ThI• S￿ce Ihis reporting wiod has eThJed. signifvAnt iMkwovw￿ have be￿ m&Jè lo tho InI￿r of the sts wth the airn of makI￿j this a more %bdcLNning and hospitable envirrmmenL whilst prowding 'structured' offell.ng lo encourage more pety￿ to come into the bulding. Thts indudas the foll￿1ng'. IT adwce Cilizerb5' Advice Bereavement SLVP(Vt drop in sesson Folh)wing thc rcpoiting fc￿ this annual report sLkn1￿hx. 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 Ma￿mI￿ng I￿ generats'c￿ to suppc*t our eX￿dIng list of Lc()kir￿ forward the Charity Vlill o￿tir￿je 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 t1￿7 to stay Cc￿neLl￿ ¥￿th th￿r friands and Ihe community. Broadening cmjr serwces to all patients have a Sid V81* GP and we dI￿n0s￿l 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 posSi￿e c¥e ￿ SUPF•Xt to c￿r patients and their I￿119$. Fin¥n¢ial re¥1 The finan￿￿ slatemwls and the ￿0￿n11ng pdiues u*J in their preparaticn ccmply V•ith all of the ¢urrgnt Statut￿ requIrem￿ts 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 disti￿1 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 v￿unteer 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 r*vanl 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 Pr￿n￿ and spreadlng ¢)ur messag• Develop and ddiver a marketing and communications stralegy that sets our s￿￿1311St $8rvice apart as a beacon of best prathe. Er￿￿ %Mth communty and SUPFMYters. strenJhw1r￿ Id￿tity as the specl8llsl palllallvè care charity the ￿ Valley. 4. Pwpl•- d￿￿0P1n9 our peO￿e brlngSng everh¥x￿ on ouriourney Ensuring the best possibl8 managwnent 8ThJ SUPKKXt ftx tyjr dedK*led team of staff 8nd vdunleers. mapp1￿j arKI better understandirg our supporters eryaging tx88tively. 5. Pla¢￿- 7*here we operate and how we best u$¢ th¢se spacts and pla C(mliniJe gr¢Mng the use of our r￿W HQ at Sk#ford in a suslain8ble fashion. ¢r8atJvgly u￿r￿j the spac lo support our patients. th￿r cwers and famil￿ as as the wider cc￿M￿nty of the SKI Vallgy. This 11 indude ervJaging and partwng other dwriiiès vkno wjuld beneff( frcrfn U￿ng 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 1nf0rr￿ati￿ Hub ￿ Sidmoxrth High Street, er￿Jra￿lftg 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•spons*trllttles st3twn8nt The Trusiees are le$￿￿si￿o for preparing the Try￿teeS. reFQrt and the financial statements in acwd8n¢e wlh applicable law and Urwted Kirykni P￿rAjnti￿a Stsndards Iuntsj Kingdom Generally Acceptd ACCOUntir￿ Praclic&}. The law appl￿ble to charitss in EnglaTrJ and Wales require5 the Chavity TTu5tees lo prepare fin￿la4 statements f(K e8th year vthich give a true and fair wew of the of affairs of the chanty and of the incoming resour￿ and applicati￿ of rex)L￿ crf the {￿ty for that wic#J. In preparing these fina￿la1 ststgmonts. the trustees are required to: sg*1 suitablg a¢￿ting rxAi¢igs aThJ th9n awy thwn cO￿lS19￿ty. tho methods prino)les w) tl* Chaiibes SORP; makejudgnents and aeeounting eslrnates Ihat s￿ reasonab￿ and pnthiL stale vthether applKalAe UK knnting sLy￿ards have been fc4lrftH￿. ￿ble(l lo any material depariures disdosed and explained financial State￿Is.. tKepare the finan(#al statements on the g)iNJ (￿C￿n b8sis it is inaFpropriate to presume that the Charity will cC￿tinUe ￿ tmjsiness. The Trustees are respO￿ble keeping adequate accwnting records that are sufficient to show and explain the Charity's transactions 8nd dtsclose wtth rea$￿able accuracy at any time the financial F*)sition of the challty and enable them lo ensure that the finar￿la1 statements Com￿Y￿th the Charities Act 2011, the appl￿b￿ Char￿¢$ (A￿￿1n1$ and RekXXtsl Regulations. and the wovisions of the Trust Deed. Ttrw are also resp￿sible 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 Cc￿prise the ststemenl of fnancial actNities, slalemenl offinan¢ial FA)8ition and the related noles, incI￿1n9 a summary of ￿nirK￿nI 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 RepC￿tI￿3 Slandard in the UK and Republic of Irdand (United Kin￿OM Generally Accepted A￿{￿j￿ting Practic81. In ¢Jur opinw th& rna￿181 6tatwrthts.' give a try￿ and fair ofthe slate ofthe tharivs affars a5 at 30 June 2022 ￿ of its r￿MIng res￿rG8S and a￿*ca￿ of reS￿r￿. ￿dl￿ting ils infxxne and &xr￿drfY[e, fcf the year then ended.. have bew p¥(￿ prepar&1 in wilh Unilgj lfjn9Jom Gen￿allY 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 Internati￿81 Standarfs ￿ Audrbng (UK) IISA8 IUKII and applicable law. Our respon&bilits"e5 under th)se standards are further described in the audi￿$ responsi￿litieS lor the audit of the financial statwts Sgcb.r￿ of cxjr f8tKXt. We are indewdenl of the charity in aCCordar￿e Mth t￿ 9th￿1 Tequirements that are relevant lo our audit of the financial ststements in the UK, induding the FRC'S Ethul StaThlard. and we have fU￿illed our other ethical responsitmlities in aCCc￿dance these rw4u1r0m￿ts. We bdieve that the audit eVider￿e we have rt*taIn￿ is Sufficie￿ and appropriate to rmide a for our opini￿. Concluslons relatiThJ to golng conwn In audfang thefin￿Ci3I slatwiiwit4 ￿ have CC￿dUded that the Irustees. use ofth*￿￿n9 basls of xwJntin9 in thè kry)ar8tirM of Ihe finaTKial stat￿nentS 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 resp￿SibIlitieS 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 ctynpr1￿S 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 fina￿la1 stslwn8nls ¢kns not cover the ¢knr Inf(¥Mati￿ and. ex￿p1 to the exianl othermse eyplicAtty Stat￿ in wr rem ￿ do not express any fcffm of assurance c￿elUSion ther￿n. 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[KX￿￿Steftt 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 misstatem￿1 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 reF*Nt 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 feti￿ng 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 Irmx￿IsI•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 aCc￿tir¥3 r￿dS and returns", or we have not receivel all the inftymatsc￿ aThJ expkgnat￿s we req￿re 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 b￿ng 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 preP￿ati￿ of ￿anCIal statements that are free Ircmn maI￿al misstalemenL ¥%thethef due to fraud or errcf. In prèparing Ihe finanaal ststements. the Trustee5 are respcnsible for a5sessng the chari￿s abiltty lo onlinue 88 a ￿¥￿g c(r￿m, disdosing, as appluble, matters rdatgd to going Cor￿0M and usirKJ the going concern basis of acc(wnting ￿lesS thè Trust*s 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 i￿l￿deS tyjr opini(m. Reas(¥wble assurance is a high k8vd of assurn￿8. but is not a guaranloe that an audit c￿duCted in accordarKewth ISAS IUK}will a￿ayS del￿t 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 reasona￿Y be expect•J to influence th8 ￿)nc￿niC deCI￿onS of users taken on the basis of these finanaal statements. Irr*w￿ritIe￿ ￿clUdIng fraud. are inslaw of n(TrUy￿lIance wlth laws and reguLgtions. We deslgn pr(Kedures in line our respon&bilrties. above. to drt8ct material misstalements in respect of Irregularit￿S. including fraud. We ident[r￿d areas of laws and regulations that ¢wld ￿8$(Matsty be expect￿1 to have a maierlal effect on the financial statem9nts frcm (KJrgeneTal COMM￿￿4 8nd s&tt¥ exp￿￿ and through dI￿u$S1on with the truslees and management. We communKaled i￿tif1￿￿ and wulalions throUghC￿l o le8m. and rernained alert to any indicati(ms of non-cc*M￿1ance throughcwl tho a￿￿1t. 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, emplOYff￿1, anti- trxibwy and 8nli-mw launderirwJ. Chmng to the In￿rent limitati￿$ of an aLvJil. there is an unavoidable risk that we may Mt have detected some Mat￿81 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 prOfeSs￿al 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 pyve carrying 8m¢xJnts *e r￿n159￿ as f￿1￿￿. 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 fina￿101 stat4T￿nts 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 y￿r in the charwJ8 ￿￿r$. 19- Sidmouth Hospice at Home Notes to the Financial SL*mentS (•wthi•dJ Year ended 30 June 2022 15. D¢btOT5 2021 Tr8d8 debtors PrepaYM￿t$ and o¢L7ued Irwr Oihet debtors 247.000 4,529 13,626 61,033 331.358 265,155 16. Cr￿ltOrS. 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 ain￿1 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$M ¢f d•slgnat¢d fund• The Grilllth's fund was ￿Ign￿lty mado avalab￿ newty Pati￿ts 8nd their families was presented by cash at bank and irWeslmen￿ At the end of tha fmancial year the Trustees. 91g¢ted to Iransfer the baL8nce of the fvnd into gèneral rewvos. The Property fund rwesents the ￿t value of land and LMJik1ing held by the Charity. Tho Cllnlcal Sw¥lus Fund ￿presents the equtvalenl of fNe years. ¢osts for the provision of Clinical SeNices Ihrou9h our Inlegrdted Mcwjd of Care by Ihe Charity. These funts have been designated as a cc*i)mttment to en￿re the ¢(￿￿nUTty of crilical awiical serv￿ thr(AJgh our Integrated M¢xJel of Care a ￿(*1 of at ￿st five yaars. Rthicted funds At 1 Jul 2021 Gains and At sses 30 Jun 2022 Incm Ex[￿diture Transfers Meckrfl EducalKX) fund Hospice at H 15.178 196) 15,091 15.178 196) 14091 At 1 Jul 2020 Gains and At losses 30 Jun 2021 In￿me EXp￿*Ji￿re Trnn5fws Meckrff Education fund 15.254 1781 1s.cwi 15.0781 15.178 20.254 15,178 Purpos• of r•StrIct￿ funds The M•cklff Eduution fvnd is av8ilable for nutsing stsff teaching and training. is represenl&J by cash 8t bank. Th¢ *%)spice at Home fund represents d￿al￿￿ r￿￿ed l(Y4Yarts providing 8 HosFiC& at Home specialist nursing service in the SKI val￿Y. 21 Sidmouth Hospice at Home Notes to the Flnancial Statements {Cty¥bw•O Year ended 30 June 2022 19. Analys1$ 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 Donat￿nS Gtft akfj income Legaaes Grants r￿eNat40 80.9)3 110.701) 114.798 36.155 90S 478.887 11.384 186,500 527.331 Inv•strti•nt Income Income fr￿n 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 Inv￿ont managernent costs Investment management fees and charges 19.926 20,303 Exp¢rKliture on char5table actMtI•s Wageslsalaries Em￿0y$l$ NIC Pension costs Recruitment costs Health and Welbeing Centr8 Prcperty costs Insurance Static￿ery. FN)Stage and teleph(￿e orri¢e equipment Depreuation on prop DepreC￿tiOn on other assets Nurses. Salaries and expenses Medical gquipwnenL supplies and trealme s￿mOUth HOs￿Ce 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- en￿orts 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 {eXp￿dIture￿lnCts￿e (513.18¥ 320.722 -25-