**REGISTERED CHARITY NUMBER: 1166180**
## **Report of the Trustees and**
**Unaudited Financial Statements**
## **for the Year Ended 31 December 2022**
**for**
**Skanda Vale Hospice CIO**
Ashmole and Co. Williamston House 7 Goat Street Haverfordwest Pembrokeshire SA61 1PX
**Skanda Vale Hospice CIO**
**Contents of the Financial Statements for the Year Ended 31 December 2022**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|8|
|**Independent Examiner's Report**||9||
|**Statement of Financial Activities**||10||
|**Balance Sheet**|11|to|12|
|**Cash Flow Statement**||13||
|**Notes to the Financial Statements**|14|to|23|
|**Detailed Statement of Financial Activities**|24|to|25|
**Skanda Vale Hospice CIO**
## **Report of the Trustees for the Year Ended 31 December 2022**
## **Key Achievements in 2022**
## **Relaunch of Day Care Service**
Our Day Care Service was relaunched on January 26[th] 2022. Throughout the year we provided a range of services each week on a Wednesday at the Hospice.
We received 59 enquiries for the service
This resulted in 25 Referrals to Day Care with 18 other people being sign posted to a more appropriate service
19 patients used the service alongside 7 individual friends and family members
In total there were 203 Patient and 30 family and friend attendances We provided 186 lunches; 173 therapy sessions; 42 assisted bathing sessions and 98 Spiritual support sessions
## **The Remote Companion Service**
The average number of patients and family members per month benefitting from the support was: 16 The average number of sessions per month was: 25
The total number of hours of telephone support was: 668
The number of different volunteers providing the support during the period: 9
The number of employed staff providing the support = 3 (this relates to medical review, assessment and nursing review)
## **Revised objectives of Skanda Vale Hospice**
In December 2022, following a review of services to assess need, team consultation and external palliative care services consultation, the Board of Trustees revised our current objectives to:
- 1: Relaunch respite service
- 2: Increase duration of respite service
- 3: Open 24/7 including the provision of end of life care
## **Digitisation of Patient Care Records**
In April the hospice secured grant funding from Hospice UK of £29,400 (paid at end of project) for the license, set up, training and implementation of Chai software within the hospice to digitise patient record keeping. The project has been extremely successful and is now used throughout the hospice. By Year end £22,590 had been spent on the project.
## **Health Inspectorate Wales (HIW) Quality check February 2022**
HIW undertook a remote quality check as part of its assurance work. No areas for improvement were identified. The full report can be accessed on HIW website.
Page 1
**Skanda Vale Hospice CIO**
## **Report of the Trustees for the Year Ended 31 December 2022**
## **Active Volunteers**
The Hospice increased its number of active volunteers from 84 to 116 throughout the year. Our services are primarily led, managed and delivered by our amazing team of volunteers in conjunction with our fantastic employed staff.
## **Financial Overview**
## **Income**
Total Income to the hospice was £499,122 in 2022 an increase of just over 25% on 2021 figure of £396,713. A legacy of £81,992 received in March accounted for a significant element of the increase.
The primary sources of income throughout the year were the fundraising unit in Skanda Vale Monastery £137,240; Skanda Hafan combined total income £75,586 and our £41,548 from our charity shop in Newcastle Emlyn including Retail Gift Aid.
## **Expenditure**
Total expenditure in 2022 was £270,186 an increase from £212,751 in 2021.
## **Purchase of Fixed Assets**
In total the hospice invested £119,830 in the purchase of tangible fixed Assets.
As part of the Hospice commitment to move to operating more sustainably we commissioned a solar array towards year end in Skanda Hafan with 75% deposit paid of £20,168. We also purchase two all-electric vehicles. The new vehicles combined cost was £69,245 partially offset by being able to reclaim VAT and part exchanging two older petrol ones. We also invested £19,590 in Chai Scienap software and licence.
## **Reserves**
Our reserves policy is to retain a minimum of free reserves to cover a rolling twelve months of running costs at whatever level of service operation the hospice is at, as well as factoring in any planned changes in service provision over that period. In our 2023 financial forecast, our expenditure forecast for the twelve month to December 2023 is £320k. A cash reserve of between £300k and £350k would be sufficient range to retain as an operational reserve for 2023. Reserves surplus to this enable the charity to invest in a range of fixed assets and improvements in service delivery.
Actual cash reserve available at year end 2022: £565,571
Page 2
**Skanda Vale Hospice CIO**
## **Report of the Trustees for the Year Ended 31 December 2022**
## **Significant Developments since Year End**
The respite care service was relaunched in February 2023 providing one 4 day 3 night session per month of respite for up to 6 inpatients.
Completion of Solar PV installation in Skanda Hafan
Decision to create a Trading Subsidiary: Skanda Vale Hospice Trading, to take over operational running of Skanda Hafan
Move to a more hybrid model of staffing blending volunteer and paid roles.
We have examined feedback and surveys following assessment of current volunteer model. It is clear that currently volunteers generally live fairly close to the hospice, are aged over 50, like to volunteer between 4 and 6 hours a week and have financial means that give them the flexibility to volunteer rather than looking for paid employment.
The cost of living crisis has significantly impacted on people’s ability to offer their time volunteering. We have also found that most volunteers are unwilling to take on positions of responsibility.
This hybrid model will involve recruitment of part time employees to lead roles to act as an anchor and take on responsibility in main operational areas of hospice. The trustees hope this will provide a stable and sustainable base from which to fulfil our current objectives – increasing duration of respite care service. We intend to use the current surplus in reserves to develop this model by the end of 2023.
## **Structure Governance and Management**
## **The Board of Trustees**
The Board meets quarterly and is responsible for the strategic direction and governance of the Charity. The Registered Manager is invited to update the board on Charity activity but has no voting rights.
## **Chair of Trustees and Responsible Individual**
Brother Michael Begley is named as Responsible Individual for regulatory purposes and is responsible for the strategic development of the service.
As Chair of Trustees, he is also responsible for ensuring the Charity reaches its income generation targets, whilst overseeing fundraising and expenditure activity. He is responsible for ensuring the Charity has sufficient reserves, and balancing fixed costs against the security of its incomes.
The Chair of Trustees has responsibility for balancing the strategic direction of the Charity with financial opportunities and constraints.
## **Hospice Registered Manager**
Brother Jakob Willi was appointed Hospice Registered Manager in October 2020. He is responsible for operational day-to-day management of the hospice service. He ensures compliance with legislation and fundamental quality standards across our regulated activities, as a palliative care service provider registered with Health Inspectorate Wales.
Page 3
**Skanda Vale Hospice CIO**
## **Report of the Trustees for the Year Ended 31 December 2022**
## **The Senior Management Committee (SMC)**
The SMC has delegated powers from the trustees to oversee all operational activities of the hospice. The team comprises the Chair of Trustees, the Hospice Registered Manager, the Head of Care Services, Head of Finance, Head of Operations and Head of People and Communications. The Committee meets every two weeks and reports to the board of trustees quarterly.
The current members of the ODC are:
Brother Michael Begley: Chair and Head of Finance Brother Jakob Willi: Registered Manager and interim Head of Operations Tina Stevens: Head of Care Delivery Mukesh Makhecha: Head of People and Communications
## **Partner organisations**
The hospice project was established and run by the Skanda Vale monastic community, known as 'The Community of the Many Names of God' (CMNOG registered charity number 511166) between 1993 and 2016. In March 2016 a new charity was incorporated as 'Skanda Vale Hospice Charitable Incorporated Organisation' (SVH CIO) and registered in July 2016 with Health Inspectorate Wales to take over the operational running of the Hospice. We retain the same staff, the same values and the same assets, but the legal structure of the new CIO gives us a more robust foundation on which to grow and administer our service.
The charities are two separate legal entities, but we work side by side. CMNOG rents both the hospice building and Newcastle Emlyn charity shop to SVH CIO for a peppercorn rate. CMNOG also provides human resources to SVH CIO in the form of volunteers.
Skanda Vale Monastery welcomes over 90,000 pilgrims to its temples every year, from all over the UK and abroad. Pilgrims donate to support the hospice project, offering SVH CIO a wide and sustainable supporter base. We are hugely grateful to their ongoing support.
## **Administrative Details**
**Registered Charity Number:** 1166180
**Registered Address:** Skanda Vale Hospice CIO Saron, Llandysul, Carmarthenshire, SA44 5DY
## **Board of Trustees (as of October 2022)**
Michael Begley (Chairman) Justin Raymond Barker Saskia Kraft Elliot Muir Mukesh Makhecha Clare Fryer Annemarie Willi-Nebiker
## **Health Care Inspectorate Wales (HIW) Registration**
Registration Number and Date: HIW/00360 Registered 27th July 2016
## **Responsible Person** : Michael Begley
**Registered Manager:** Brother Jakob Willi
**Accountants** : Ashmole & Co.The Old School, The Quay, Carmarthen, SA31 3LN
**Bankers:** CAF Bank Ltd. Kings Hill, West Malling, Kent, ME19 4TA
**Insurance brokers** ; Endsleigh, Hadley House, Shurdington Road, Cheltenham, GL51 4UE
**Solicitors** : Stone King, 13 Queen Street, Bath, BA1 2HJ
Page 4
## **Skanda Vale Hospice CIO**
## **Report of the Trustees for the Year Ended 31 December 2022**
## **Risk Management**
**----- Start of picture text -----**
Risk Mitigation
The greatest risk within Skanda Vale Review medical policies and procedures with clinical governance
Hospice is clinical malpractice due to: and nursing team.
Deficient care planning and related Review insurance cover.
documents. Staff training in advanced care planning.
Inappropriate level of care. Staff mentoring and supervision.
Missing the goal of patient-centred Evaluation and monitoring of service
approach beneficiaries’ feedback.
Dissatisfied beneficiaries, unfulfilled wishes Digitisation of key aspects of Care delivery using bespoke Chai
Vulnerability of service users. software.
Regular training on professional boundaries and protection of
vulnerable adults.
All hospice volunteers and staff attend essential training
Use of a tried and tested complaints policy and procedure
Robust Quality Assurance programs
The COVID19 pandemic presented two Following government advice, as a 'non-essential' healthcare
principle risks: service, hospice services were suspended on 17th March 2020 to
Infection of staff and patients. protect staff and patients from infection.
Financial stress due to loss of income Hospice management continued through home working.
We continued to care for our patients through a phone support
service.
An external strategic review was completed, new management
structures implemented and new efficiency measures set in
motion.
We reduced our expenses to an absolute minimum.
We were successful in winning unrestricted grant funding for core
costs.
We put bank and contract staff on the government furlough
scheme.
We renegotiated contracts with key staff.
Skanda Vale Hospice faces potential A conservative approach to income fore-cast and growth for grant
financial risks, including the need for / fund income.
having sufficient reserves, and balancing Regular evaluation of our financial budget forecasts with actual
fixed costs against the security of its balances.
incomes. Provide quarterly financial review to trustees
Reputation and operational risks including: Monitor risks within relevant teams and senior managers.
serious fraud; data protection violations; Provide training and opportunities for any issues to be considered
and serious health and safety violations. and managed.
Follow GDPR guidance on best practice.
Regular internal audits and Quality Assurance
Risk to operational stability through high Constant ongoing volunteer recruitment.
dependence on volunteers. Promote equality between paid staff and volunteer staff.
Give training opportunities to volunteers to develop their
expertise and sense of belonging.
Volunteers are equally included in team meetings, relevant to
their role and experience.
Conduct exit interviews to find out why volunteers are leaving.
Loss of key data or staff Comprehensive, accessible and secure filing systems with full
backups.
Developing a business continuation policy to ensure that all of our
key roles and responsibilities are understudied.
**----- End of picture text -----**
Page 5
## **Skanda Vale Hospice CIO**
## **Report of the Trustees for the Year Ended 31 December 2022**
## . **Trustees’ responsibilities in relation to the financial statements**
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
- Select suitable accounting policies and then apply them consistently;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements and;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. The trustees are responsible for safeguarding the assets of the charity 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 corporate and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Objects**
The objects of the CIO are for the public benefit:
1.To relieve the sickness and suffering and to promote the spiritual wellbeing of persons of all ages requiring palliative, specialist and medical care by providing and assisting in the provision of home care, hospice care and holistic therapy for both day patients and resident patients with a service primarily led, managed and delivered by people acting voluntarily; and
To:
2.1 Relieve the needs by reasons of age, ill health, disability, financial hardship or other distress of; and
2.2 Protect the health and wellbeing of the families, partners, dependents and those caring for persons requiring palliative, specialist and medical care by the provision of financial, practical and other support and counselling.
## **Eligibility for trusteeship**
3. Every charity trustee must be a natural person.
4. (No individual may be appointed as a charity trustee of the CIO:
- (i) if he or she is under the age of 16 years; or
(ii) If he or she would automatically cease to hold office under the provisions of clause 12(1) (e) of this constitution. 5. No one is entitled to act as a charity trustee whether on appointment or on any re-appointment until he or she has expressly acknowledged, in whatever way the charity trustees decide, his or her acceptance of the offer of charity trustee.
6. At least one of the trustees of the CIO must be 18 years of age or over. If there is no trustee aged at least 18 years, the remaining trustees may only act to call a meeting of the charity trustees or appoint a new charity trustee.
Page 6
**Skanda Vale Hospice CIO**
## **Report of the Trustees for the Year Ended 31 December 2022**
## **Recruitment of New Trustees**
The trustees look to recruit new trustees to the board who are able to actively commit to participating in the administration of the charity and who demonstrate a keen interest in the charity’s affairs.
The trustees aim to have a broad range of skill sets and combination of life and work experience represented on the board that is relevant to the operation of the charity. Trustees are recruited through personal recommendation of any of the existing board members on an equal opportunity basis.
## **Number of charity trustees**
7. There should be the following charity trustees:
- (i) 1 Ex-Officio Trustee appointed in accordance with clause 10(1);
- (ii) 2 Life Trustees appointed in accordance with clause 10(2);
(iii) Not more than 4 Nominated Trustees appointed in accordance with clause 10(3); and
(iv) Not more than 6 Appointed Trustees appointed in accordance with clause 10(4). 8. There must be at least 3 charity trustees and at all times the majority of the charity trustees must be Monastic Trustees. If the number falls be- low this minimum, or does not meet these criteria, the remaining charity trustee or charity trustees may act only to call a meeting of the charity trustees or appoint a new charity trustee.
9. The maximum number of charity trustees that can be appointed is as provided in sub-clause (a) of this clause. No trustee appointment may be made in excess of these provisions.
## **Ex officio Trustee**
10. The Chairman of the Monastic Community Charity for the time being shall automatically, ex-officio, subject to clause 12 of this constitution be a charity trustee, for as long as he or she holds that office (the “Ex-Officio Trustee”). 11. If unwilling to act as a charity trustee, the Ex-Officio Trustee may:
(i) Before accepting appointment as a charity trustee, give notice in writing to the trustees of his or her unwillingness to act in that capacity; or
(ii) After accepting appointment as a charity trustee, resign under the provisions contained in clause 12 (Retirement and removal of charity trustees) of this constitution.
12. The office of Ex-Officio Trustee will then remain vacant until the individual ceases to hold office as the Chairman of the Monastic Community Charity.
## **Life Trustees**
13. The Monastic Community Charity may appoint 2 members of the Mo- nastic Community to be charity trustees (the “Life Trustees”).
14. Any appointment must be made at a meeting held according to the ordinary practice of the Monastic Community Charity.
15. Subject to clause 12 of this constitution, each appointment of a Life Trustee shall be for so long as the individual appointed remains a member of the Monastic Community.
## **Nominated Trustees**
(a) The Monastic Community Charity may appoint up to 4 individuals to be charity trustees, all of whom must be members of the Monastic Community save that 1 may be a Lay Resident Member (the “Nominated Trustees”). (c) Subject to clause 12 of this constitution, each appointment must be for
a term of 2 years save that the appointment shall terminate earlier if the individual ceases to be either a member of the Monastic Community or a Lay Resident Member before the expiry of the term.
Page 7
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## **Skanda Vale Hospice CIO**
## **Statement of Financial Activities for the Year Ended 31 December 2022**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
5
Hospice
Other trading activities
3
Investment income
4
Other income
**Total**
**EXPENDITURE ON**
Raising funds
6
**Charitable activities**
7
Hospice
Skanda Hafan
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
310,308
900
142,067
16,893
6,364
476,532
60,591
206,671
-
267,262
209,270
652,555
861,825|Restricted
funds
£
-
22,590
-
-
-
22,590
-
2,444
480
2,924
19,666
614,446
634,112|31.12.22
Total
funds
£
310,308
23,490
142,067
16,893
6,364
499,122
60,591
209,115
480
270,186
228,936
1,267,001
1,495,937|31.12.21
Total
funds
£
195,194
18,493
175,902
7,124
-|
|---|---|---|---|---|
|||||396,713|
|||||46,545
166,206
-|
|||||212,751|
|||||183,962
1,083,039|
|||||1,267,001|
The notes form part of these financial statements
Page 10
## **Skanda Vale Hospice CIO**
## **Balance Sheet 31 December 2022**
|Notes
**FIXED ASSETS**
Tangible assets
13
**CURRENT ASSETS**
Stocks
14
Debtors
15
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
16
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
17
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
278,990
10,608
47,083
535,445
593,136
(10,301)
582,835
861,825
861,825|Restricted
funds
£
558,396
-
45,590
30,126
75,716
-
75,716
634,112
634,112|31.12.22
Total
funds
£
837,386
10,608
92,673
565,571
668,852
(10,301)
658,551
1,495,937
1,495,937
861,825
634,112
1,495,937|31.12.21
Total
funds
£
757,020
13,100
76,941
428,005
518,046
(8,065)
509,981
1,267,001
1,267,001
652,555
614,446
1,267,001|
|---|---|---|---|---|
The notes form part of these financial statements
continued...
Page 11
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## **Skanda Vale Hospice CIO**
## **Cash Flow Statement for the Year Ended 31 December 2022**
|Notes
**Cash flows from operating activities**
Cash generated from operations
19
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash used in investing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|31.12.22
£
243,001
243,001
(119,830)
13,875
520
(105,435)
137,566
428,005
565,571|31.12.21
£
228,725
228,725
(22,405)
4,990
19
(17,396)
211,329
216,676
428,005|
|---|---|---|
The notes form part of these financial statements
Page 13
**Skanda Vale Hospice CIO**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable incorporated organisation, which is a public benefit entity under FRS 102, have been prepared in accordance with the charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historic cost convention.
## **Income**
Incoming resources to the Charity are recognised when they are received. Accrued incoming resources are recognised in the accounts when conditions for receipt have been met; entitlement, certainty and measurement.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Allocation and apportionment of costs**
Costs have been allocated as far as possible between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others have been apportioned based on the estimated usage of the resource.
The policy for including items within "Other Expenditure" in the SOFA is to include all expenditure on support and governance costs of the management of the charities assets and operations and compliance with constitutional and statutory requirements. Support costs have been calculated on the following basis:
Electricity; Water; Grounds Maintenance; Building Maintenance; Insurance; Gas and Biomass 15% of total Hospice costs based on floor area of Admin block 140m2 to main hospice care block 790m2
Catering and Waste
20% of annual costs based on numbers of staff involved in support roles as overall percentage of staff and patients catered for.
Telephone and Broadband and Stationary, Postage and Office 50% of costs based on approximate usage in support roles
Volunteer expenses
10% based on estimated expenses of volunteers working in support roles
Vehicles (Including insurance, maintenance, tax, mot and fuel) 65% based on average monthly usage by staff of vehicles for support roles.
Governance costs include all audit, legal and professional fees related to the management of the charities assets and compliance with constitutional and statutory requirements.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property & improvements to - 2% Straight line from date grounds & buildings the asset is brought into use
continued...
Page 14
**Skanda Vale Hospice CIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **1. ACCOUNTING POLICIES - continued**
## **Tangible fixed assets**
Plant, machinery & - 10% Reducing balance- 20% equipmentComputer, IT & Straight line- 10% Reducing officeFurniture & fixturesMotor balance- 20% Reducing vehiclesSoftware balance- 20% Straight line
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
Pension contributions payable by the charity are charged to the Statement of Financial Activities in the period to which they relate.
## **Presentation currency**
The reporting currency is sterling.
## **2. DONATIONS AND LEGACIES**
|Donations
Gift aid
Fundraising events
**OTHER TRADING ACTIVITIES**
N.C.E Shop income
Etsy & online shop
Retail gift aid income
Insurance claim
Rental income Skanda Hafen
Other income Skanda Hafen
VAT refund income|31.12.22
£
283,188
7,723
19,397
310,308
31.12.22
£
38,121
1,527
3,427
-
57,020
2,193
39,779
142,067|31.12.21
£
143,468
7,684
44,042
195,194
31.12.21
£
28,697
5,980
3,615
80,268
55,343
1,999
-
175,902|
|---|---|---|
## **3. OTHER TRADING ACTIVITIES**
continued...
Page 15
## **Skanda Vale Hospice CIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **4. INVESTMENT INCOME**
|**4.**|**INVESTMENT INCOME**||||
|---|---|---|---|---|
||||31.12.22|31.12.21|
||||£|£|
||Farmhouse rental income (long|term lets)|16,373|7,105|
||Deposit account interest||520|19|
||||16,893|7,124|
|**5.**|**INCOME FROM CHARITABLE ACTIVITIES**||||
||||31.12.22|31.12.21|
|||Activity|£|£|
||Grants|Hospice|23,490|18,493|
||Grants received, included in the above, are as follows:||||
||||31.12.22|31.12.21|
||||£|£|
||Dyfed Grand Lodge Grant||-|1,000|
||HMRC JRS||-|6,496|
||Rank foundation 18/19 Grant||-|4,717|
||MCF Masonic Charitable Grant||-|780|
||Hospice Aid UK 2021 Schwartz Taining grant||-|5,500|
||QBE Foundation||900|-|
||Chia Masonic Grant||22,590|-|
||||23,490|18,493|
|**6.**|**RAISING FUNDS**||||
||**Raising donations and legacies**||||
||||31.12.22|31.12.21|
||||£|£|
||Fundraising expenditure||15,558|7,377|
||Fundraising stock||2,492|2,946|
||||18,050|10,323|
||**Other trading activities**||||
||||31.12.22|31.12.21|
||||£|£|
||N.C.E Shop utilities & maintenance||5,595|3,451|
||Etsy & online shop costs||283|722|
||Skanda Hafen other expenses||26,106|23,608|
||Skanda Hafen utilities||8,209|5,986|
||Depreciation||2,348|2,455|
||||42,541|36,222|
||Aggregate amounts||60,591|46,545|
continued...
Page 16
## **Skanda Vale Hospice CIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **7. CHARITABLE ACTIVITIES COSTS**
|**CHARITABLE ACTIVITIES COSTS**||||
|---|---|---|---|
|Hospice
Skanda Hafan|Direct
Costs
£
177,915
480
178,395|Support
costs (see
note 8)
£
31,200
-
31,200|Totals
£
209,115
480|
||||209,595|
## **8. SUPPORT COSTS**
|Governance
Management
costs
£
£
Hospice
23,041
8,159|Totals
£
31,200|
|---|---|
## **9. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||31.12.22|31.12.21|
|---|---|---|
||£|£|
|Depreciation - owned assets|31,953|34,666|
|Surplus on disposal of fixed assets|(6,364)|-|
## **10. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **11. STAFF COSTS**
|**STAFF COSTS**|||
|---|---|---|
||31.12.22|31.12.21|
||£|£|
|Wages and salaries|55,351|45,045|
|Social security costs|11,311|6,318|
|Other pension costs|2,143|1,793|
||68,805|53,156|
The average monthly number of employees during the year was as follows:
||31.12.22|31.12.21|
|---|---|---|
|Clinical|4|3|
|Administration|1|1|
||5|4|
No employees received emoluments in excess of £60,000.
continued...
Page 17
## **Skanda Vale Hospice CIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
|**12.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
funds
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
195,194
-
**Charitable activities**
Hospice
1,780
16,713
Other trading activities
175,902
-
Investment income
7,124
-
**Total**
380,000
16,713
**EXPENDITURE ON**
Raising funds
46,545
-
**Charitable activities**
Hospice
151,562
14,644
**Total**
198,107
14,644
**NET INCOME**
181,893
2,069
**RECONCILIATION OF FUNDS**
Total funds brought forward
470,662
612,377
**TOTAL FUNDS CARRIED FORWARD**
652,555
614,446
**13.**
**TANGIBLE FIXED ASSETS**
Improvements
Freehold
to
property
property
£
£
**COST**
At 1 January 2022
490,588
126,071
Additions
-
20,167
Disposals
-
-
At 31 December 2022
490,588
146,238
**DEPRECIATION**
At 1 January 2022
-
3,914
Charge for year
-
2,522
Eliminated on disposal
-
-
At 31 December 2022
-
6,436
**NET BOOK VALUE**
At 31 December 2022
490,588
139,802
At 31 December 2021
490,588
122,157||Total
funds
£
195,194
18,493
175,902
7,124|
|---|---|---|
|||396,713|
|||46,545
166,206|
|||212,751|
|||183,962
1,083,039|
|||1,267,001|
|||Plant and
machinery
£
98,086
-
-
98,086
40,874
5,722
-
46,596
51,490
57,212|
continued...
Page 18
## **Skanda Vale Hospice CIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **13. TANGIBLE FIXED ASSETS - continued**
|**COST**
At 1 January 2022
Additions
Disposals
At 31 December 2022
**DEPRECIATION**
At 1 January 2022
Charge for year
Eliminated on disposal
At 31 December 2022
**NET BOOK VALUE**
At 31 December 2022
At 31 December 2021|Fixtures
and
fittings
£
97,626
-
-
97,626
37,590
6,003
-
43,593
54,033
60,036|Motor
vehicles
£
33,551
69,245
(23,133)
79,663
21,413
10,157
(15,622)
15,948
63,715
12,138|Computer
equipment
£
118,258
30,418
-
148,676
103,369
7,549
-
110,918
37,758
14,889|Totals
£
964,180
119,830
(23,133)
1,060,877
207,160
31,953
(15,622)
223,491
837,386
757,020|
|---|---|---|---|---|
The organisation has received grant funding to assist with the purchase of its Skanda Haven property. The funding body has been provided with a legal charge over this property in accordance with the terms of the funding agreement.
|**14.**|**STOCKS**|||
|---|---|---|---|
|||31.12.22|31.12.21|
|||£|£|
||Stocks|10,608|13,100|
|**15.**|**DEBTORS**|||
|||31.12.22|31.12.21|
|||£|£|
||Amounts falling due within one year:|||
||Other debtors|88,149|51,478|
||Prepayments|4,524|2,463|
|||92,673|53,941|
||Amounts falling due after more than one year:|||
||Other debtors|-|23,000|
||Aggregate amounts|92,673|76,941|
continued...
Page 19
## **Skanda Vale Hospice CIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
||31.12.22|31.12.21|
|---|---|---|
||£|£|
|Other creditors|7,397|5,185|
|Accrued expenses|2,904|2,880|
||10,301|8,065|
## **17. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Skanda Hafan
**Restricted funds**
Hospice restricted
Skanda Hafan restricted
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
Skanda Hafan
**Restricted funds**
Hospice restricted
Skanda Hafan restricted
**TOTAL FUNDS**|At 1.1.22
£
606,541
46,014
652,555
30,940
583,506
614,446
1,267,001
Incoming
resources
£
400,946
75,586
476,532
22,590
-
22,590
499,122||Net
movement
in funds
£
170,347
38,923
209,270
20,146
(480)
19,666
228,936
Resources
expended
£
(230,599)
(36,663)
(267,262)
(2,444)
(480)
(2,924)
(270,186)|At
31.12.22
£
776,888
84,937
861,825
51,086
583,026
634,112
1,495,937
Movement
in funds
£
170,347
38,923
209,270
20,146
(480)
19,666
228,936|
|---|---|---|---|---|
||||||
||||||
||||||
||||||
continued...
Page 20
**Skanda Vale Hospice CIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **17. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Skanda Hafan
**Restricted funds**
Hospice restricted
Skanda Hafan restricted
**TOTAL FUNDS**|At 1.1.21
£
457,046
13,616
470,662
28,391
583,986
612,377
1,083,039|Net
movement
in funds
£
149,495
32,398
181,893
2,549
(480)
2,069
183,962|At
31.12.21
£
606,541
46,014
652,555
30,940
583,506
614,446
1,267,001|
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Skanda Hafan
**Restricted funds**
Hospice restricted
Skanda Hafan restricted
**TOTAL FUNDS**|Incoming
resources
£
315,553
64,447
380,000
16,713
-
16,713
396,713|Resources
Movement
expended
in funds
£
£
(166,058)
149,495
(32,049)
32,398
(198,107)
181,893
(14,164)
2,549
(480)
(480)
(14,644)
2,069
(212,751)
183,962|
|---|---|---|
continued...
Page 21
## **Skanda Vale Hospice CIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **17. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Skanda Hafan
**Restricted funds**
Hospice restricted
Skanda Hafan restricted
**TOTAL FUNDS**|At 1.1.21
£
457,046
13,616
470,662
28,391
583,986
612,377
1,083,039|Net
movement
in funds
£
319,842
71,321
391,163
22,695
(960)
21,735
412,898|At
31.12.22
£
776,888
84,937
861,825
51,086
583,026
634,112
1,495,937|
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Skanda Hafan
**Restricted funds**
Hospice restricted
Skanda Hafan restricted
**TOTAL FUNDS**|Incoming
resources
£
716,499
140,033
856,532
39,303
-
39,303
895,835|Resources
Movement
expended
in funds
£
£
(396,657)
319,842
(68,712)
71,321
(465,369)
391,163
(16,608)
22,695
(960)
(960)
(17,568)
21,735
(482,937)
412,898|
|---|---|---|
## **18. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2022.
continued...
Page 22
## **Skanda Vale Hospice CIO**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **19. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net income for the reporting period (as per the Statement of Financial**
**Activities)**
**Adjustments for:**
Depreciation charges
Profit on disposal of fixed assets
Interest received
Decrease in stocks
(Increase)/decrease in debtors
Increase in creditors
**Net cash provided by operations**|31.12.22
£
228,936
31,953
(6,364)
(520)
2,492
(15,732)
2,236
243,001|31.12.21
£
183,962
34,666
-
(19)
2,946
4,269
2,901
228,725|
|---|---|---|
## **20. ANALYSIS OF CHANGES IN NET FUNDS**
||At 1.1.22|Cash flow|At 31.12.22|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank and in hand|428,005|137,566|565,571|
||428,005|137,566|565,571|
|**Total**|428,005|137,566|565,571|
## **21. GOING CONCERN**
The trustees have considered the effect of the Covid 19 pandemic and believe that the Charity has sufficient resources to enable it to continue its operations over future periods.
## **22. FUNDS**
Skanda Hafan - Designated fund
Funds have been allocated to develop accommodation at the property.
Skanda Hafan - Restricted fund
The fund was established in 2019 following the receipt of grant monies to assist with the purchase of the Skanda Haven property.
Page 23
## **Skanda Vale Hospice CIO**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2022**
||31.12.22|31.12.21|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|283,188|143,468|
|Gift aid|7,723|7,684|
|Fundraising events|19,397|44,042|
||310,308|195,194|
|**Other trading activities**|||
|N.C.E Shop income|38,121|28,697|
|Etsy & online shop|1,527|5,980|
|Retail gift aid income|3,427|3,615|
|Insurance claim|-|80,268|
|Rental income Skanda Hafen|57,020|55,343|
|Other income Skanda Hafen|2,193|1,999|
|VAT refund income|39,779|-|
||142,067|175,902|
|**Investment income**|||
|Farmhouse rental income (long term lets)|16,373|7,105|
|Deposit account interest|520|19|
||16,893|7,124|
|**Charitable activities**|||
|Grants|23,490|18,493|
|**Other income**|||
|Gain on sale of tangible fixed assets|6,364|-|
|**Total incoming resources**|499,122|396,713|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Fundraising expenditure|15,558|7,377|
|Fundraising stock|2,492|2,946|
||18,050|10,323|
|**Other trading activities**|||
|N.C.E Shop utilities & maintenance|5,595|3,451|
|Etsy & online shop costs|283|722|
|Skanda Hafen other expenses|26,106|23,608|
|Skanda Hafen utilities|8,209|5,986|
|Depreciation of tangible fixed assets|2,348|2,455|
||42,541|36,222|
This page does not form part of the statutory financial statements
Page 24
## **Skanda Vale Hospice CIO**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2022**
||31.12.22|31.12.21|
|---|---|---|
||£|£|
|**Other trading activities**|||
|**Charitable activities**|||
|Wages|55,351|45,045|
|Social security|11,311|6,318|
|Pensions|2,143|1,793|
|Rates and water|462|1,193|
|Insurance|10,564|7,391|
|Light and heat|11,979|9,171|
|Telephone|2,017|4,135|
|Postage and stationery|886|394|
|Catering|2,746|599|
|Patient care|602|-|
|Housekeeping & cleaning|1,220|344|
|Equipment maintenance|12,477|3,340|
|Waste disposal|219|78|
|Grounds maintenance|5,310|1,339|
|Building maintenance|3,154|3,860|
|Misc fixtures & fittings|1,087|-|
|Service promotion|3,101|3,800|
|Volunteer expenses|8,020|3,668|
|Staff clothing|828|-|
|Staff training & education|5,677|14,167|
|Bank fees|754|481|
|Card fees|2,043|1,720|
|Vehicle insurance|864|865|
|Vehicle tax & maintenance|1,532|737|
|Vehicle fuel|805|859|
|Vehicle hire costs|59|-|
|Miscellaneous Expenditure|159|191|
|Professional fees|3,420|-|
|Depreciation of tangible fixed assets|29,605|32,211|
||178,395|143,699|
|**Support costs**|||
|**Management**|||
|Rates and water|4,212|5,964|
|Admin vehicles costs|5,945|4,570|
|Office admin overheads|4,893|2,921|
|Admin software & web costs|7,991|4,867|
||23,041|18,322|
|**Governance costs**|||
|Licences, statutory & admin|823|519|
|Examiner costs|1,678|1,680|
|Accountancy fees|1,250|1,200|
|Governance prof & consultancy|4,408|786|
||8,159|4,185|
|Total resources expended|270,186|212,751|
|**Net income**|228,936|183,962|
This page does not form part of the statutory financial statements
Page 25