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2023-12-31-accounts

REGISTERED CHARITY NUMBER: 1166180

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 December 2023

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 2023

Page
Report of the Trustees 1 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12 to 13
Cash Flow Statement 14
Notes to the Financial Statements 15 to 25
Detailed Statement of Financial Activities 26 to 27

Skanda Vale Hospice CIO

Report of the Trustees for the Year Ended 31 December 2023

Our Services

Enquiries and referrals to our range of services

We had 97 enquiries throughout the year resulting in 52 referrals with 27 enquirers being signposted on to more appropriate services. 7 referrals did not proceed and 11 patients died prior to receiving a service.

31 referrals come from patients themselves and their family and friends with 21 coming from the palliative care team or other health professional. Most enquirers have heard about the hospice and its services via health professionals.

Diagnosis was primarily Cancer/ Leukaemia 37 referrals; CPD 3 referrals; Neurological 9 referrals; MS 2 referrals and MND 1 referral.

23 Referrals were from Carmarthenshire; 13 from Ceredigion; 8 from Pembrokeshire; 7 from South Wales and 1 from Bristol.

Day Care Services

Throughout the year we provided a range of services each week on a Wednesday at the Hospice.

We had a slow start to the day hospice post pandemic, as patients remained reluctant at first to re-engage socially, but this has developed now to the point where the day hospice is thriving again and has a happy buzz of activity and options available to patients.

The number of attendees each week varies and we often have cancellations at short notice, as is the nature of the patient group and their changing needs. In light of this we have chosen to take the approach of overbooking day hospice places to allow for a certain percentage of cancellations. This approach alongside periodic reassessment of our existing patients will be reviewed regularly to ensure that we are not oversubscribed.

We provided 331 lunches; 247 therapy sessions; 55 assisted bathing sessions and 121 Spiritual support sessions; 38 garden sessions and 254 pet therapy sessions.

Some Positive Feedback:

“The kindness, professionalism and life survival guidance whether physically, mentally or emotionally, I have never experienced elsewhere since being diagnosed with M.S. The Brothers, Sisters, Nurses, Volunteer’s and Cooks all forming a unity of compassion. I will always be so grateful knowing I can continue to be fortunate enough to have this life-line available.”

“The hospice is the best thing in my life at the moment, the company, the care, the hospitality and the ambience of the whole place.”

“It's certainly made my wife a lot more comfortable, she looks forward to every visit. It helps me feel rested and I feel my wife is in good hands so I can fully relax knowing she is cared for.”

“It gives me something to look forward to. Interesting conversations. Meeting friends, both patients, carers and therapists. It is mentally, spiritually and physically uplifting.”

“Just - Thank You!!”

“It's incredible to be somewhere where it is so obvious everyone cares about me as an individual."

“Giving professional level support in a way that is also friendly and engaging.”

Page 1

Skanda Vale Hospice CIO

Report of the Trustees for the Year Ended 31 December 2023

Some Constructive criticism:

“The care, respect and consideration from the team members. Would be nice to have a little bit of time before therapies and bath to settle first.”

“More day-care at the hospice would be welcome.”

“Good wholesome food. I would love to come to Day Hospice more often.”

“Only possible improvement would be the ability to choose therapies rather than being told.”

“Choice of menu limited, some of the meals are very enjoyable but there are times when I would prefer a sandwich.”

“I very much enjoyed the Reiki session. I found it difficult having so many different volunteers chatting to me only because I seemed to be giving out the same personal info to several volunteers and didn't want to be talking about myself all the time”

In Patient Service

This was relaunched in February 2023.

The team has undergone significant changes since we last had respite services pre-pandemic, and many were initially unfamiliar with the operational aspects of the hospice, or didn’t have recent hands-on experience of offering patient care.

By easing into respite with lower numbers of patients, and initially fairly independent patients, we have been able to identify any issues as they arise, and to increase the confidence and cohesion of the team.

In the later part of this period, we have also begun to accept one or two patients with higher physical needs, alongside more independent patients. This is guided as always by the team: patient dependency ratio, whereby we assess each patient’s dependency score in order to determine if we have sufficient numbers of team to safely and comfortably meet those needs.

We provided 3 nights and 4 days of inpatient service per month. Apart from June (as this clashed with the 50[th] Anniversary at Skanda Vale Monastery and many of the Team were not available) and September where due to staff absences with holidays and illness we considered that it was unsafe to proceed as we had insufficient back up during this session.

In total there were 34 patient attendances over the 9 respite sessions provided, this included 16 new patients in the year and 6 family and friend attendances.

We provided 414 meals; 72 therapy sessions; 50 assisted bathing sessions and 10 Spiritual support sessions; and 10 trips out

Some Positive Feedback:

“I am a different person when I come here, as soon as I come I blossom again, especially after coming back after covid. All my friends and family can see this and tell me I must always go because they can see how good it is for me. It has totally changed my life for the better, both spiritually and mentally.”

“Makes life worth living.”

“I live alone so attending respite gives me some time to relax while feeling 100% safe. Although my family & friends live quite far away, and I am still currently able to live independently, they have told me that they draw some comfort from knowing I have this help & support from Skanda Vale Hospice.”

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Skanda Vale Hospice CIO

Report of the Trustees for the Year Ended 31 December 2023

“A vast difference. It gives me something to live for. The love and the friendship are tremendous. The medical support is also tremendous. You know you are in a safe environment.”

“Provides opportunities to discuss details of my terminal diagnosis with others in a similar position; gives me social confidence; provides my family with a break for caring for me. Respite has improved my attitude to my life .”

“Tremendously relaxing, I felt quite fraught when I came here and my visit really helped”

“It gives my family a break from caring and I enjoy the social side of respite”

“It's an absolute lifesaver and I really look forward to being invited especially for the extended respite. It has rescued me from the edge of despondency.”

"It takes the pressure off looking after myself as I live alone and my friends and the family are always keen to know I have that support as they live far away."

"...the support and being able to talk about my worries or about the progression of my illness with people who won't get upset is very valuable."

"...providing time to talk things through with the nurses or with the doctor is a great strength. It has helped me with the practical management of day to day pain. Respite also provides great relief from the worries of having to look after yourself if you live alone"

“The most important thing is that I can be safely looked after, giving my wife a break. The fact that we both know what good people are here, many of them with similar spiritual beliefs to our own, and they are helping us out of the love of it, is a wonderful bonus - I feel safe, and so my wife feels safe about me. It's a rare and highly valuable resource. The fact that I feel tired afterwards is worth it - that's mainly because of the condition I have - and I expect to find it less tiring if I can come again in the future, which I very much hope to do.”

“For myself, rest, socialising, meeting new friends and people I've met before, healing therapy, a change of scene, spiritual conversation and connection... For my wife, a break from worry about me, rest, a chance to go out and to meet friends and visit a shop, time off from caring for me 24 hours a day, knowing that I'm in safe hands. It means a great deal to both of us.“

The Remote Companion Service

Digitisation of Patient Care Records

In April 2022 the hospice secured grant funding from Hospice UK of £29,400 (paid at end of project) for the licence, set up, training and implementation of Chai software within the hospice to digitise patient record keeping. The project has been extremely successful, completed in 2023 and is now used throughout the hospice.

Active Volunteers

The Hospice increased its number of active volunteers to over 130 throughout the year. Our services are primarily led, managed and delivered by our amazing team of volunteers in conjunction with our fantastic employed staff.

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Skanda Vale Hospice CIO

Report of the Trustees for the Year Ended 31 December 2023

Hybrid Model of Staffing

We have examined feedback and surveys following assessment of the 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.

A new 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 whilst also providing consistency, presence in the hospice and an accessible point of contact and support for their volunteer teams.

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 over the next few years.

Towards this the trustees agreed an increase in the overall pay budget for 2024 to £184,176.

Establishment of a subsidiary Trading Company

Skanda Vale Hospice Trading Limited was registered as a company in November 2023. The intention is for it to take over running Skanda Hafan which was a non-primary purpose trading activity of the hospice. Profits from the new company will be donated back annually to the hospice.

Legal fees of £8575 were incurred for this purpose throughout the year.

Actual trading operations in Skanda Hafan began in June 2024.

Financial Overview

Income

Total Income to the hospice was £ 411,058 in 2023 a decrease of just over 19% on the 2022 figure of £499,122. Legacy income of £81,992 in 2022 was not received in 2023 accounting for a significant element of the difference.

The primary sources of income throughout the year were the fundraising unit in Skanda Vale Monastery £150,407; Skanda Hafan combined total income £67,528 and £46,176 from our charity shop in Newcastle Emlyn including Retail Gift Aid.

Expenditure

Total expenditure in 2023 was £364,432 an increase from £270,186 in 2022. A significant increase in payroll, cost of living across the board and volunteer expenses claimed all contributed to the increase.

Purchase of Fixed Assets

In total the hospice invested £87,072 in the purchase of tangible fixed Assets.

The main elements of this investment was the bringing into use of the new solar array in Skanda Hafan for £26,891, the purchase of an electric van for £32,206 and 2 specialist mobile recliners for £7240.

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Skanda Vale Hospice CIO

Report of the Trustees for the Year Ended 31 December 2023

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 2024 financial forecast, our expenditure forecast for the twelve months to December 2024 is currently £397k. A cash reserve of between £380k and £430k would be sufficient to retain as an operational reserve for 2024. 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 2023: £584,729.

Structure, Management and Governance

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.

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 SMC are:

Brother Michael Begley: Brother Jakob Willi: Tina Stevens: Aquila Muir : Mukesh Makhecha: Elliot Muir:

Chair and Head of Finance Registered Manager and interim Head of People Head of Care Delivery Head of Operations Development Projects Lead, People Team Head of Communications

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Skanda Vale Hospice CIO

Report of the Trustees for the Year Ended 31 December 2023

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 100,000 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.

Skanda Vale Hospice Trading Limited (registered on 23[rd] November 2023 at companies house as a private limited company limited by shares 15305682) is the wholly owned trading subsidiary of Skanda Vale Hospice CIO.

Administrative Details

Registered Charity Number: 1166180

Registered Address: Skanda Vale Hospice CIO Saron, Llandysul, Carmarthenshire, SA44 5DY

Board of Trustees

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 ; Hettle Andrews, Eleven Brindley Place, 2 Brunswick Square, Birmingham, B1 2LP

Solicitors : Stone King, 13 Queen Street, Bath, BA1 2HJ

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Skanda Vale Hospice CIO

Report of the Trustees for the Year Ended 31 December 2023

RISK MANAGEMENT

The trustees of Skanda Vale Hospice acknowledge their responsibility for maintaining a robust risk management framework. Risks are primarily identified through the incident reporting process, ensuring that any adverse events or potential threats are captured. Additionally, risk assessments are carried out when new projects or endeavours are initiated, allowing for early identification and mitigation of potential issues.

Once identified, risks are managed within the relevant departments, overseen by department heads and designated leads. These individuals ensure that risks are properly assessed, documented, and addressed. Operationally, the Senior Management Committee monitors the progress of mitigating actions on a fortnightly basis, ensuring that timely interventions are made where necessary. The frequency of risk reviews by department heads is determined by the severity and scoring of each risk, ensuring that higher-risk issues receive appropriate attention.

On a quarterly basis, risks are reported to the Quality Assurance Committee, where they are reviewed for quality improvement and organisational learning. The Quality Assurance Committee then compiles a risk report, which is presented to the Board of Trustees, providing assurance that the charity’s risk management processes are functioning effectively and in line with best practices. This structured approach ensures that risks are continuously managed and that trustees have full visibility of the charity’s risk profile.

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:

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.

Page 7

Skanda Vale Hospice CIO

Report of the Trustees for the Year Ended 31 December 2023

Objects

The objects of the CIO are for the public benefit:

1.To relieve the sickness and suffering and to promote the spiritual well-being 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

  1. Every charity trustee must be a natural person.

  2. 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.

  1. 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 office of charity trustee.

  2. 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.

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

  1. There should be the following charity trustees:

  2. (i) 1 Ex-Officio Trustee appointed in accordance with clause 10(1);

  3. (ii) 2 Life Trustees appointed in accordance with clause 10(2);

  4. (iii) Not more than 4 Nominated Trustees appointed in accordance with clause 10(3); and

  5. (iv) Not more than 6 Appointed Trustees appointed in accordance with clause 10(4)

  6. 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.

  7. 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.

Page 8

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Skanda Vale Hospice CIO

Statement of Financial Activities for the Year Ended 31 December 2023

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/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
273,358
-
116,624
10,751
3,515
404,248
60,294
291,301
-
351,595
52,653
861,825
914,478		 Restricted
funds
£
-
6,810
-
-
-
6,810
-
12,357
480
12,837
(6,027)
634,112
628,085		 31.12.23
Total
funds
£
273,358
6,810
116,624
10,751
3,515
411,058
60,294
303,658
480
364,432
46,626
1,495,937
1,542,563		 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

The notes form part of these financial statements

Page 11

Skanda Vale Hospice CIO

Balance Sheet 31 December 2023

Notes
FIXED ASSETS
Tangible assets
13
Investments
14
CURRENT ASSETS
Stocks
15
Debtors
16
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
17
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
18
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
305,620
8,575
314,195
35,635
71,274
509,013
615,922
(15,639)
600,283
914,478
914,478		 Restricted
funds
£
552,369
-
552,369
-
-
75,716
75,716
-
75,716
628,085
628,085		 31.12.23
Total
funds
£
857,989
8,575
866,564
35,635
71,274
584,729
691,638
(15,639)
675,999
1,542,563
1,542,563
914,478
628,085
1,542,563		 31.12.22
Total
funds
£
837,386
-
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

The notes form part of these financial statements

continued...

Page 12

Sk4Dd• I'ale Hospice CIO BAlnce Sheet- 31 Deeembtr 2023 "I'he5c finanLial ￿alL'Men[S hav¢ txw pr¢FMrtyJ in actsIr¢￿￿e M'ith ihc F￿￿lS1￿n5 dppIiL¥blLb li) C'httriiith. 'I'hi linuniiul wTrc ap￿￿1"ed hv thL' 14(>8rd ()1. I'nJM¢¢% aullm)ri%L￿ liir IKSUL. I IIL'blL' 'rhe ni)s fmn ofthLY linancial statements Pa8L 13

Skanda Vale Hospice CIO

Cash Flow Statement for the Year Ended 31 December 2023

Notes
Cash flows from operating activities
Cash generated from operations
20
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
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		 31.12.23
£
85,957
85,957
(87,072)
(8,575)
27,728
1,120
(66,799)
19,158
565,571
584,729		 31.12.22
£
243,001
243,001
(119,830)
-
13,875
520
(105,435)
137,566
428,005
565,571

The notes form part of these financial statements

Page 14

Skanda Vale Hospice CIO

Notes to the Financial Statements for the Year Ended 31 December 2023

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 15

Skanda Vale Hospice CIO

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Plant, machinery & equipment -10% Reducing balanceComputer, IT & office -20% Straight line Furniture & fixtures -10% Reducing balance Motor vehicles -20% Reducing balance Software -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		 31.12.23
£
253,847
9,527
9,984
273,358		 31.12.22
£
283,188
7,723
19,397
310,308

3. OTHER TRADING ACTIVITIES

N.C.E Shop income
Etsy & online shop
Retail gift aid income
Rental income Skanda Hafen
Other income Skanda Hafen
VAT refund income		 31.12.23
£
41,722
734
4,454
55,476
2,421
11,817
116,624		 31.12.22
£
38,121
1,527
3,427
57,020
2,193
39,779
142,067

continued...

Page 16

Skanda Vale Hospice CIO

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

4. INVESTMENT INCOME

4. INVESTMENT INCOME
31.12.23 31.12.22
£ £
Farmhouse rental income (long term lets) 9,631 16,373
Deposit account interest 1,120 520
10,751 16,893
5. INCOME FROM CHARITABLE ACTIVITIES
31.12.23 31.12.22
Activity £ £
Grants Hospice 6,810 23,490
Grants received, included in the above, are as follows:
31.12.23 31.12.22
£ £
QBE Foundation - 900
Chia Masonic Grant 6,810 22,590
6,810 23,490
6. RAISING FUNDS
Raising donations and legacies
31.12.23 31.12.22
£ £
Fundraising expenditure 2,482 15,558
Fundraising stock 14,674 2,492
17,156 18,050
Other trading activities
31.12.23 31.12.22
£ £
N.C.E Shop utilities & maintenance 6,343 5,595
Etsy & online shop costs 332 283
Skanda Hafen other expenses 22,297 26,106
Skanda Hafen utilities 11,376 8,209
Depreciation 2,790 2,348
43,138 42,541
Aggregate amounts 60,294 60,591

continued...

Page 17

Skanda Vale Hospice CIO

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

7. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
Hospice
Skanda Hafan		 Direct
Costs
£
261,328
480
261,808		 Support
costs (see
note 8)
£
42,330
-
42,330		 Totals
£
303,658
480
304,138

8. SUPPORT COSTS

Governance
Management
costs
£
£
Hospice
21,546
20,784		 Totals
£
42,330

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.23 31.12.22
£ £
Depreciation - owned assets 42,150 31,953
Surplus on disposal of fixed assets (3,409) (6,364)

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Clinical
Administration
Household		 31.12.23
£
87,930
17,432
3,198
108,560
31.12.23
8
2
1
11		 31.12.22
£
55,351
11,311
2,143
68,805
31.12.22
4
1
-
5

The average monthly number of employees during the year was as follows:

No employees received emoluments in excess of £60,000.

continued...

Page 18

Skanda Vale Hospice CIO

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
310,308
Charitable activities
Hospice
900
Other trading activities
142,067
Investment income
16,893
Other income
6,364
Total
476,532
EXPENDITURE ON
Raising funds
60,591
Charitable activities
Hospice
206,671
Skanda Hafan
-
Total
267,262
NET INCOME
209,270
RECONCILIATION OF FUNDS
Total funds brought forward
652,555
TOTAL FUNDS CARRIED FORWARD
861,825
Restricted
funds
£
-
22,590
-
-
-
22,590
-
2,444
480
2,924
19,666
614,446
634,112		 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

continued...

Page 19

Skanda Vale Hospice CIO

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

13. TANGIBLE FIXED ASSETS

COST
At 1 January 2023
Additions
Disposals
At 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for year
Eliminated on disposal
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
COST
At 1 January 2023
Additions
Disposals
At 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for year
Eliminated on disposal
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022		 Fixtures
and
fittings
£
97,626
14,482
-
112,108
43,593
6,111
-
49,704
62,404
54,033		 Improvements
Freehold
to
Plant and
property
property
machinery
£
£
£
490,588
146,238
98,086
-
26,891
12,622
-
(20,168)
-
490,588
152,961
110,708
-
6,436
46,596
-
3,060
5,409
-
-
-
-
9,496
52,005
490,588
143,465
58,703
490,588
139,802
51,490
Motor
Computer
vehicles
equipment
Totals
£
£
£
79,663
148,676
1,060,877
32,206
871
87,072
(11,394)
(1,833)
(33,395)
100,475
147,714
1,114,554
15,948
110,918
223,491
17,301
10,269
42,150
(7,349)
(1,727)
(9,076)
25,900
119,460
256,565
74,575
28,254
857,989
63,715
37,758
837,386

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.

continued...

Page 20

Skanda Vale Hospice CIO

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

14. FIXED ASSET INVESTMENTS

MARKET VALUE
Additions
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
There were no investment assets outside the UK.
15.
STOCKS
Stocks
16.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
Accrued expenses
18.
MOVEMENT IN FUNDS
At 1.1.23
£
Unrestricted funds
General fund
776,888
Skanda Hafan
84,937
861,825
Restricted funds
Hospice restricted
51,086
Skanda Hafan restricted
583,026
634,112
TOTAL FUNDS
1,495,937		 31.12.23
£
35,635
31.12.23
£
67,338
3,936
71,274
31.12.23
£
12,249
3,390
15,639
Net
movement
in funds
£
21,588
31,065
52,653
(5,547)
(480)
(6,027)
46,626		 Shares in
group
undertakings
£
8,575
8,575
-
31.12.22
£
10,608
31.12.22
£
88,149
4,524
92,673
31.12.22
£
7,397
2,904
10,301
At
31.12.23
£
798,476
116,002
914,478
45,539
582,546
628,085
1,542,563

continued...

Page 21

Skanda Vale Hospice CIO

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

18. MOVEMENT IN FUNDS - continued

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
Comparatives for movement in funds
Unrestricted funds
General fund
Skanda Hafan
Restricted funds
Hospice restricted
Skanda Hafan restricted
TOTAL FUNDS

continued...

Page 22

Skanda Vale Hospice CIO

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

18. MOVEMENT IN FUNDS - continued

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
£
400,946
75,586
476,532
22,590
-
22,590
499,122		 Resources
Movement
expended
in funds
£
£
(230,599)
170,347
(36,663)
38,923
(267,262)
209,270
(2,444)
20,146
(480)
(480)
(2,924)
19,666
(270,186)
228,936

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 1.1.22
£
606,541
46,014
652,555
30,940
583,506
614,446
1,267,001		 Net
movement
in funds
£
191,935
69,988
261,923
14,599
(960)
13,639
275,562		 At
31.12.23
£
798,476
116,002
914,478
45,539
582,546
628,085
1,542,563

continued...

Page 23

Skanda Vale Hospice CIO

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

18. MOVEMENT IN FUNDS - continued

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
£
737,666
143,114
880,780
29,400
-
29,400		 Resources
Movement
expended
in funds
£
£
(545,731)
191,935
(73,126)
69,988
(618,857)
261,923
(14,801)
14,599
(960)
(960)
(15,761)
13,639
(634,618)
275,562
910,180 (634,618)

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.

20. 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
(Increase)/decrease in stocks
Decrease/(increase) in debtors
Increase in creditors
Net cash provided by operations		 31.12.23
£
46,626
42,150
(3,409)
(1,120)
(25,027)
21,399
5,338
85,957		 31.12.22
£
228,936
31,953
(6,364)
(520)
2,492
(15,732)
2,236
243,001

21. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.23 Cash flow At 31.12.23
£ £ £
Net cash
Cash at bank and in hand 565,571 19,158 584,729
565,571 19,158 584,729
Total 565,571 19,158 584,729

continued...

Page 24

Skanda Vale Hospice CIO

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

22. 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.

23. 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 25

Skanda Vale Hospice CIO

Detailed Statement of Financial Activities for the Year Ended 31 December 2023

31.12.23 31.12.22
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 253,847 283,188
Gift aid 9,527 7,723
Fundraising events 9,984 19,397
273,358 310,308
Other trading activities
N.C.E Shop income 41,722 38,121
Etsy & online shop 734 1,527
Retail gift aid income 4,454 3,427
Rental income Skanda Hafen 55,476 57,020
Other income Skanda Hafen 2,421 2,193
VAT refund income 11,817 39,779
116,624 142,067
Investment income
Farmhouse rental income (long term lets) 9,631 16,373
Deposit account interest 1,120 520
10,751 16,893
Charitable activities
Grants 6,810 23,490
Other income
Gain on sale of tangible fixed assets 3,515 6,364
Total incoming resources 411,058 499,122
EXPENDITURE
Raising donations and legacies
Fundraising expenditure 2,482 15,558
Fundraising stock 14,674 2,492
17,156 18,050
Other trading activities
N.C.E Shop utilities & maintenance 6,343 5,595
Etsy & online shop costs 332 283
Skanda Hafen other expenses 22,297 26,106
Skanda Hafen utilities 11,376 8,209
Depreciation of tangible fixed assets 2,790 2,348
43,138 42,541

This page does not form part of the statutory financial statements

Page 26

Skanda Vale Hospice CIO

Detailed Statement of Financial Activities for the Year Ended 31 December 2023

31.12.23 31.12.22
£ £
Other trading activities
Charitable activities
Wages 87,930 55,351
Social security 17,432 11,311
Pensions 3,198 2,143
Rates and water 1,182 462
Insurance 11,243 10,564
Light and heat 11,386 11,979
Telephone 3,104 2,017
Postage and stationery 726 886
Catering 5,915 2,746
Patient care 1,863 602
Housekeeping & cleaning 2,324 1,220
Equipment maintenance 19,109 12,477
Waste disposal 512 219
Grounds maintenance 2,669 5,310
Building maintenance 6,514 3,154
Misc fixtures & fittings 1,828 1,087
Service promotion 3,467 3,101
Volunteer expenses 17,052 8,020
Staff clothing 493 828
Staff training & education 4,222 5,677
Bank fees 834 754
Card fees 1,970 2,043
Vehicle insurance 850 864
Vehicle tax & maintenance 639 1,532
Vehicle fuel 112 805
Vehicle hire costs 42 59
Miscellaneous Expenditure 402 159
Professional fees 15,324 3,420
Depreciation of tangible fixed assets 39,360 29,605
Loss on sale of tangible fixed assets 106 -
261,808 178,395
Support costs
Management
Rates and water 2,994 4,212
Admin vehicles costs 2,972 5,945
Office admin overheads 6,701 4,893
Admin software & web costs 8,879 7,991
21,546 23,041
Governance costs
Licences, statutory & admin 559 823
Examiner costs 2,274 1,678
Accountancy fees 1,350 1,250
Governance prof & consultancy 16,601 4,408
20,784 8,159
Total resources expended 364,432 270,186
Net income 46,626 228,936

This page does not form part of the statutory financial statements

Page 27