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||||Pages|
|---|---|---|---|
|Trustees'
annual
report|||1to 7|
|Independent
auditor's|report to|the members|8to 11|
|Statement offinancial|activities||12|
|Statement offinancial|position||13|
|Statement ofcash flows|||14|
|Notes to the financial|statements||15to 24|
|The following
pages|do not form part ofthe financial statements|||
|Detailed statement
of|financial|activities|26to 27|
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|Reference a|nd adm|inistrative|details|||
|---|---|---|---|---|---|
|Registered|charity|name|Sidmouth
Hospice at Home|||
|Charity registration||number|1153338|||
|Principal office|||Church Street|||
||||Sidford|||
||||Devon|||
||||EX109RL|||
|The trustees||||||
||||Mr D A Hancock Cook - Chairman|||
||||Mr D H Lee- Vice Chairman|||
||||Mr P Cranch —Treasurer|||
||||(up to 20 February 2023)|||
||||Mr K W Gillanders —Treasurer|(Appointed|16August 2022)|
||||(from 20 February 2023)|||
||||Ms C SWalden|||
||||Mr
I Barlow|||
||||Ms H A Nelson|||
||||Ms R Mackinnon|||
|||||(Appointed|20 February 2023)|
||||Mrs J P Webber|(Appointed|13November|
||||Ms J Coop|2023)||
|Auditor|||Westcotts (SW) LLP|||
||||Chartered
accountants
&statutory|auditor||
||||Timberly|||
||||South Street|||
||||Axminster|||
||||Devon|||
||||EX135AD|||
|Bankers||||||
||||CAF Bank|||
||||25 Kings
Hill Avenue|||
||||Kings
Hill|||
||||West Mailing|||
||||ME19 4TA|||
||||Virgin Money|||
||||35 Regent Street|||
||||London|||
||||Swty 4ND|||
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||||||2023||2022|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
|||||funds|funds|Total funds|Total funds|
||||Note|6|6|6|f|
|Income and endowments||||||||
|Donations
and legacies|||4|970,260|87,875|1,058,135|186,500|
|Other trading
activities|||5|4,260||4,260||
|Investment
income|||6|74,207|114|74,321|74,907|
|Total income||||1,048,727|87,989|1,136,716|261,407|
|Expenditure||||||||
|Expenditure
on raising funds:||||||||
|Investment
management||costs|7|17,357||17,357|19,926|
|Expenditure
on charitable|activities||8,9|709,358|28,052|737,410|622,513|
|Total expenditure||||726,715|28,052|754,767|642,439|
|Net gains/(losses)
on investments|||10|6,694||6,694|(132,153)|
|Net income/(expenditure)||||328,706|59,937|388,643|(513,185)|
|Transfers
between
funds||||3,240|(3,240)|||
|Net movement
in funds||||331,946|56,697|388,643|(513,185)|
|Reconciliation
offunds||||||||
|Total funds brought
forward||||3,482,074|15,091|3,497,165|4,010,350|
|Total funds carried forward||||3,814,020|71,788|3,885,808|3,497,165|
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|||30June|2023||||
|---|---|---|---|---|---|---|
|||||2023||2022|
||||Note|8||E|
|Fixed assets|||||||
|Tangible fixed assets|||14||1,002,993|954,696|
|Investments|||15||1,903,249|2,167,736|
||||||2,906,242|3,122,432|
|Current assets|||||||
|Debtors|||16|852,897||331,358|
|Cash at bank and|in|hand||248,317||147,084|
|||||1,101,214||478,442|
|Creditors: amounts||falling due within one year|17|121,648||103,709|
|Net current assets|||||979,566|374,733|
|Total assets less|current liabilities||||3,885,808|3,497,165|
|Net assets|||||3,885,808|3,497,165|
|Funds ofthe charity|||||||
|Restricted funds|||||71,788|15,091|
|Unrestricted
funds|||||3,814,020|3,482,074|
|Total charity funds|||19||3,885,808|3,497,165|
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|Year en|ded 30June 2023|||
|---|---|---|---|
|||2023|2022|
||||f|
|Cash flows from operating
activities||||
|Net income/(expenditure)||388,643|(513,185)|
|Adjustments
for:||||
|Depreciation
oftangible
fixed assets||30,735|25,773|
|Net gains/(losses)
on investments||(6,694)|132,153|
|Dividends,
interest and rents from investments||(72,584)|(74,825)|
|Other interest receivable
and similar income||(1,737)|(82)|
|Interest payable and similar charges||301|367|
|Accrued (income)/expenses||(16)|1,075|
|Changes
/n:||||
|Trade and other debtors||(520,954)|(66,506)|
|Trade and other creditors||17,370|2,253|
|Cash generated
from operations||(164,936)|(491,967)|
|Interest paid||(301)|(367)|
|Interest received||1,737|82|
|Net cash used
in operating
activities||(163,500)|(492,252)|
|Cash flows from investing
activities||||
|Dividends,
interest and rents from investments||72,584|74,825|
|Purchase oftangible assets||(79,032)|(162,540)|
|Purchases
of other investments||(364,610)|(304,382)|
|Proceeds from sale of other investments||642,485|421,338|
|Other investing
cash flow adjustment||(6,694)|132,153|
|Net cash from investing
activities||264,733|161,394|
|Net increase/(decrease)
in cash and cash|equivalents|101,233|(330,858)|
|Cash and cash equivalents
at beginning|ofyear|147,084|477,942|
|Cash and cash equivalents
at end ofyear||248,317|147,084|
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|4.|Donations
a|nd|legacies
(continveu)|||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2023|
||||||E|E|E|
||Grants|||||||
||Grants receivable||||6,684|87,875|94,559|
||||||970,260|87,875|1,058,135|
||||||Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2022|
||||||E|E|E|
||Donations|||||||
||Donations||||80,903||80,903|
||Gift aid income||||(10,701)||(10,701)|
||Legacies|||||||
||Legacies||||114,798||114,798|
||Grants|||||||
||Grants receivable||||1,500||1,500|
||||||186,500||186,500|
|5.|Other trading||activities|||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2023|Funds|2022|
|||||E|E||E|
||Room rental|||4,260|4,260|||
|6.|Investment|income||||||
||||||Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2023|
||||||E|E|E|
||Income from|listed investments|||72,584||72,584|
||Bank interest|receivable|||1,623|114|1,737|
||||||74,207|114|74,321|
||||||Unrestncted|Restricted|Total Funds|
||||||Funds|Funds|2022|
||||||E|||
||Income from|listed investments|||74,825||74,825|
||Bank interest|receivable|||73||82|
||||||74,898||74,907|
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||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|---|
||||||Funds
f|2023
f|Funds
f|2022
F|
||Investment
management
fees and||||||||
||charges||||17,357|17,357|19,926|19,926|
|8.|Expenditure|on charitable||activities|by fund type||||
|||||||Unrestricted|Restricted|Total Funds|
|||||||Funds
f|Funds
F|2023
F|
||General funds|||||665,337|27,989|693,326|
||Support costs|||||44,021|63|44,084|
|||||||709,358|28,052|737,410|
|||||||Unrestricted|Restricted|Total Funds|
|||||||Funds
f|Funds
F|2022
f|
||General funds|||||569,370||569,370|
||Support costs|||||53,047|96|53,143|
|||||||622,417|96|622,513|
|9.|Expenditure|on charitable||activities|by activity type||||
||||||Activities||||
||||||undertaken||Total funds|Total fund|
||||||directly Supporl costs
f||2023|2022
f|
||General funds||||693,326||693,326|569,370|
||Governance|costs||||44,084|44,084|53,143|
||||||693,326|44,084|737,410|622,513|
|10.|Net gains/(losses)||on investments||||||
||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||Funds
f|2023
f|Funds
f|2022
F|
||Gains/(losses)|on listed investments|||6,694|6,694|(132,153)|(132,153)|
|11.|Auditors
remuneration||||||||
||||||||2023
f|2022
f|
||Fees payable|for the audit of||the financial statements|||3,600|3,468|
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|Staff costs|Yea|r ended 30June 20|23||
|---|---|---|---|---|
|The total staff costs and|employee|benefits for the reporting|period are analysed
as|follows:|
||||2023|2022|
||||6|E|
|Wages and salaries|||167,543|163,557|
|Social security costs|||8,705|10,410|
|Employer
contributions|to pension|plans|4,406|3,145|
|Other employee
benefits|||4,794|15,230|
||||185,448|192,342|
|The average||head|count of employees|count of employees|during|the year was 6 (2022:6).The average|the year was 6 (2022:6).The average|number|of|
|---|---|---|---|---|---|---|---|---|---|
|full-time
equivalent|||employees|duffing|the year|is analysed|as follows:|||
||||||||2023|2022||
||||||||No.|No.||
|Managerial|staff||||||2||2|
|Administrative||staff|||||4||4|
||||||||6||6|
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|Tangible fixed ass|ets||||||
|---|---|---|---|---|---|---|
||||Land and|Fixtures and|||
||||buildings|fittings|Equipment|Total|
||||E|E||E|
|Cost|||||||
|At 1 July 2022|||997,562|28,507|19,842|1,045,911|
|Additions|||58,278|13,533|7,221|79,032|
|At 30June 2023|||1,055,840|42,040|27,063|1,124,943|
|Depreciation|||||||
|At 1 July 2022|||84,395|2,851|3,969|91,215|
|Charge for the year|||21,118|4,204|5,413|30,735|
|At 30June 2023|||105,513|7,055|9,382|121,950|
|Carrying
amount|||||||
|At 30June 2023|||950,327|34,985|17,681|1,002,993|
|At 30June 2022|||913,167|25,656|15,873|954,696|
|Investments|||||||
|||||||Listed|
|||||||investments|
|||||||E|
|Cost or valuation|||||||
|At 1 July 2022||||||2,167,736|
|Additions||||||364,610|
|Disposals
Other movements||||||(635,791)
6,694|
|At 30June 2023||||||1,903,249|
|Carrying
amount|||||||
|At 30June 2023||||||1,903,249|
|At 30June 2022||||||2,167,736|
|All investments
shown above||are held at|valuation.||||
|Financial assets held at fair||value|||||
|The above carrying|amounts|are recognised as follows:|||||
||||||2023|2022|
|||||||E|
|Held at fair value|||||1,903,249|2,167,736|
|Held at historical cost less impairment|||||1,818,430|2,029,367|
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|16.|Debtors||Year ended 30June 2023|||
|---|---|---|---|---|---|
|||||2023|2022|
||||||F|
||Trade debtors|||750,417|267,956|
||Prepayments|and accrued income||2,962|2,369|
||Other debtors|||99,518|61,033|
|||||852,897|331,358|
|17.|Creditors: amounts||falling due within one year|||
|||||2023
f|2022
E|
||Trade creditors|||6,037|5,342|
||Accruals and|deferred|income|8,181|7,612|
||Other creditors|||107,430|90,755|
|||||121,648|103,709|
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|||At||||Gains and|At|
|---|---|---|---|---|---|---|---|
|||1 Jul 2022|income
F|Expenditure
F|Transfers
F|losses 50
f|Jun 2023
6|
|General|funds|568,907|1,048,727|(720,459)|(55,038)|6,694|848,831|
|Property|fund|913,167||(21,231)|63,950||950,327|
|Clinical|Services|2,000,000|||||2,000,000|
|||3,482,074|1,048,727|(741,577)|3,240|6,694|3,799,158|
|||At||||Gains and|At|
|||1 Jul 2021|Income|Expenditure|Transfers|losses 30Jun 2022||
|||F|5|6|6|F|5|
|General|funds|3,176,243|261,398|(622,390)|(2,114,191)|(132,153)|568,907|
|Property|fund|818,929||(19,953)|114,191||913,167|
|Clinical|Services||||2,000,000||2,000,000|
|||3,995,172|261,398|(642,343)||(132,153)|3,482,074|
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|Restricted funds|||||||
|---|---|---|---|---|---|---|
||At||||Gains and|At|
||1 Jul 2022
f|Income|Expenditure|Transfers|losses 50Jun 2023
f||
|Meckiff Education|||||||
|fund|15,091|114|(315)|||14,890|
|Health and|||||||
|Wellbeing
Hub||875|(875)||||
|New Clinical|||||||
|Nurse||12,000|(12,000)||||
|Sidford carpark|||||||
|and grounds||75,000||(3,240)||71,760|
||15,091|87,989|(13,190)|(3,240)||86,650|
||At||||Gains and|At|
||1 Jul 2021
F|Income
E|Expenditure
E|Transfers
8|losses 30 Jun 2022
f||
|Meckiff Education|||||||
|fund|15,178||(96)|||15,091|
|Health and|||||||
|Wellbeing
Hub|||||||
|New Clinical|||||||
|Nurse|||||||
|Sidford carpark|||||||
|and grounds|||||||
||15,178||(96)|||15,091|
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|Analysis|of net as|sets between funds||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|
||||Funds
f|Funds
f|2023
f.|
|Tangible|fixed assets||1,002,993||1,002,993|
|Investments|||1,903,249||1,903,249|
|Current|assets||1,026,186|75,028|1,101,214|
|Creditors|less than|1 year|(118,408)|(3,240)|(121,648)|
|Net assets|||3,814,020|71,788|3,885,808|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2022|
|||||f|f|
|Tangible|fixed assets||954,696||954,696|
|Investments|||2,167,736||2,167,736|
|Current|assets||463,351|15,091|478,442|
|Creditors|less than|1 year|(103,709)||(103,709)|
|Net assets|||3,482,074|15,091|3,497,165|
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||Detailed Statement of
Year ended 30|Financial Activities
June 2023||
|---|---|---|---|
|||2023|2022|
|||6|F|
|Income and endowments||||
|Donations
and|legacies|||
|Donations||109,496|80,903|
|Gift aid income||3,406|(10,701)|
|Legacies||850,674|114,798|
|Grants receivable||94,559|1,500|
|||1,058,135|186,500|
|Other trading|activities|||
|Room rental||4,260||
|Investment
income||||
|Income from listed investments||72,584|74,825|
|Bank interest receivable||1,737|82|
|||74,321|74,907|
|Total income||1,136,716|261,407|
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|||D|et|aile|d||Statement of Financial
Year ended 30June|Activities
(continued)
2023||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2023|2022|
||||||||||E|
|Expenditure||||||||||
|Investment
management|||||costs|||||
|Investment
management||||fees|||and charges|17,357|19,926|
|Expenditure
on charitable||||||activities||||
|Wages/salaries||||||||149,786|132,627|
|Employer's
NIC||||||||6,772|7,303|
|Pension costs||||||||3,861|2,499|
|Recruitment
costs||||||||4,794|15,230|
|Health
and Wellbeing|||Centre|||||17,697|20,226|
|Property costs||||||||38,628|19,057|
|Insurance||||||||5,117|6,002|
|Stationery,
postage|and|||telephone||||13,541|11,292|
|Office equipment||||||||14,565|8,245|
|Depreciation
on property||||||||21,118|19,953|
|Depreciation
on other|||assets|||||9,617|6,820|
|Nurses' salaries and||expenses||||||383,833|326,891|
|Medical equipment,||supplies||||and treatment||2,500|2,529|
|Sidmouth
Hospice at|||Home||support costs|||7,448|5,127|
|Profile raising events||||||||7,796|2,464|
|Volunteer
support scheme||||||||6,311|5,503|
|Sundry expenses||||||||10,142|4,211|
|Vat reclaim||||||||(10,200)|(26,609)|
|||||||||693,326|569,370|
|Governance costs||||||||||
|Salaries||||||||17,757|30,930|
|Salaries
—employer's|||national||||insurance|1,933|3,107|
|Salaries
—employer's|||pension|||||545|646|
|Payroll fees||||||||887|803|
|Accountancy
fees
Audit fees||||||||4,506
3,600|4,314
3,468|
|Legal and professional||||fees||||14,555|9,508|
|Bank charges||||||||301|367|
|||||||||44,084|53,143|
|Total expenditure||||||||754,767|642,439|
|Net gains/(losses)|on|||investments||||||
|Gains/(losses)
on listed||||investments||||6,694|(132,153)|
|Net income/(expenditure)||||||||388,643|(513,185)|
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