Registered number- 09832765 Charity number.. 1166579 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED (A company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED IA company 1Smlted by guarant981 cONTETr￿S Pagè Reference ond administrative details of tho Charity. Its Trusto0s and advisers Trustees. report Independent auditor8. report on the ftnanclal ststgmgnts 9-11 Consolidated statement of financial activities 12 Consolldatgd balanco shggt 13 Charity balance sheet 14 Consolidated statement of cash flows 15 Notes to the financial statements 16-36 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED (A Company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2020 Trustee$ Lady Bacon Charles Barratt Andrew Barnes Robert Carter Anna Dugdale Peter Joyner lain Mawson Company regist8red number 09832765 Charity rgglstsrgd number 1166579 Registered office 7 The Close Norw¢h Norfolk NR14DJ Ind9pendent audlto Larking Govftn LLP Chartered Accountants King Street House 15 Upttr King Street Norwch NR3 1RB Page 1 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED IA company lim¥tad by guarnntaa) TRUSTEES, REPORT FOR THE YEAR ENDED 31 OCTOBER 2020 Chairnian's Introduction The case for a new hospice serving Norfolk and Waveney is compelling. Prisalla Bacon Lcdge was built in 1979, followng a county-wde fundrai￿ng appeal led by Prixilla. Lady Bacon, bul since then the population of Norfolk has grown by over 220,000. This creates a level of demarKI that cannot be mel in a building that has become inadequate and ¢annol be extended in ils current I￿￿"0n. Despite the excellent Work of Pris¢illa Bacon Lodge and other end-of-life seNices. the percentage of the population able to receive swalist erKI-of-life care in Norfolk and Waveney is amongst Ihe lowest of any English county. The new Priscilla Bacon Hospice wll be built close lo the Norfolk & NoA¥ich UnIve￿ty Hospital. In addition lo the inpatient unil and outpatient Servi￿$. the new hospice will be a plaffom) fo¥ education and research in palliative care wlh links to the Norwich Medic81 Schwl, Norwch Research Park. Nabonal Inslilule for Health Research - through the Clinical Research Netsbrjrk IEastem)- and other partner5. The tjrgency of the need for a new hosp￿8 - to reF￿a￿ the 8ging Priscilla Bacon LoJge facility in Norwich - has been highlighled by the Covid-19 pandemic. The Lodge was under severe pressure. as patients al the er￿- of-life were moved from hospitals into the hospice setting- freeing hosprtal beds for acute rather than palliative care. The Covid-19 pandemic has ex￿rbated an already chalierging postlion. In 2017. the worfd-renowned Cicely Saunders Institute fOr￿ast that by 2040. al least 5(K).O(Kl pw)ple in England arKI Wales would require palliative and end-of-life care every year. Due lo the pandemic. this level ol demand has already been reached, and many people have been unajle to access Ihe care they needed in the last 12 months. Norfolk and Waveney desperately need this new hospi￿. r￿4 more than ever. TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2020 The Trustees present their annual report together wth the financial ststemenls of Priscilla Bacon Norfolk Hospi￿ C8re Limited for the period 1 NOVem￿r 2019 to 31 October 2020. The Trustees confimi that the Annual Report and financial slatements of the Chattty c(Mnply with the current statutory requirements, the requirements of the Charsty's governing dyed. We are grateful for the pro bono support we have been given through this proc￿. Page 5 PRISCILLA BACON NORFOLK HOSPICE CARE LI￿￿E0 (A company limited by guarantse) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2020 ThrOUg￿)Ut the period several workshops have been held wth NCH&C Trust staff. volunteers and patient represenlalives to ensure that the design of the building is also efficient and effective. Our dewgn has evolved to reflect a post Covid-19 era, to ensure reglience for the future Planning permission for the current s¢heme was granted on 29 May 2¢f20. Partnerships A key elernenl of the campaign has been to en￿re the necessary reEalionships and partnerships are established. We are very pleased to have developed 8ri Ileralive working model with the Board and senior executive team at NCH&C Tfust as the leaj NHS trust that will ovefsee the re%)urcing aThJ running of the new hospice facility. Our plans lo create a ￿ntre of excellence for research arKI training in specialist palliative care are continuing to evolve. We are working wlh represenlatives from Ihe National Institute of Health Research Clinical Research Network (Easlernl, Norw7ch Medical Sch(x)l aThJ the Scho)l of Medicine army Health Sciences at UEA to develop a framework for how educakn.on and research can enabled. Priscilla Bacon Hospice wll be a unique facility. of national signrficance, wth an opportunity to contribute lo improving end of life care auoss the county- We continue to V•rJd( clo*ly with the PriS￿lIa B￿n L(NJge S￿[￿rt Group IPBLSG). The Support Group has for many yeais promoted the work of Priscilla Bacon Lodge and provided charitable support to enhance the wellbeing of patients and awsl wlh the development of staff. PBLSG has most generously supported the appeal providing over £2 million of donations and pledges. Their continued support has been a backbone lo the capital campaign and is a lasb.ng legacy of the pioneering care delivered at Priscilla Bac￿ Lrxlge over the last 40 years. Retail Operdtions Our trading subsidiary Priscilla Bacon Retail Ltd 0￿rateS seven shops in suburban areas and market towns to Ihe north west ar￿ north east of Norwch. The revenues generated by Priscilla Bacon Retail Ltd directly support the wder fundiai&ng aims of the charity during the capital appeal and into the fulure. The broad Sp￿ad in locations of the shops has also helped to increase awareness of the aprtal. A small Central warehouse operation, generously provided by RG Carter Ltd, provtdes the logistics and a(kninistrative base for the shops. The running of the shcps is sur¥x)rted by a group of 85-￿ volunteers. The trading of the shops has been adversety affected dLFring the pandemic although all shops r￿Pened prc¥npUy following periods of lock (l￿¥n. Govemment gJJppc¥t from the Coronaviws Job Retention Scheme and local authority business grants have protected the organisation. An innovative donations collection xheme vras immedialety launc￿ in March and 0￿rated for much of the summer. The result of wh￿h was over 8¢J) collections occurring from addiesses across the county. with the donation of nearly 4.500 bajs of stLKk. The slod( was quaranbned and processed in readiness for the r opening of the charity shops The scheme exposed the charity to a new supporter base. as no other local charity ran such a scheme, and hdped mitsgate against a 5uige of stock donations after lock¢knffl restrictions were lifted. As a result of strenglhening relationships vrith I￿1 busnes8es we have benefited from large quantities of end of line strLk donated by local branches of a national supermad(el chain. The Covid-19 pandemic hasterb8I the dwergfication of the retail business. with the development of additional online sales plattomis. In May 2020. a shop was set up on eBay. whth ak)ng wth Gumtree and Fa￿book has provided increased avenues of sa￿. With 8PPtopriale re$￿U[ce. the development of online sales has been a Page 6 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED {A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2020 significant success this year and has increased the profitsbility of the items carefully sele¢led for online sales platforms. Key activities post 31 October 2020 Further donations lo the appeal allovth us in December 2020 to declare that £7.2 million had b￿n pledged or donated towards the appeal. and by Aw'l 2021 we bb*re able to announce the total had reached £8.4 million. Reaching this milestone gives the Board the necessary confidence to commit lo breaking ground in the autumn of 2021. This will maintain our campaign timeline foi completion of the new Priscilla Bawn Hospi￿ in the early months of 2023. Financial review During the reFK)rting year total inctxne amounted to £2.172.867 12019 - £2.￿5,318) and after incurring expenditure of £571,332 {2019- £572.94n the total funds increased by £1.601,535 (2019- £2.332.371}. In a(*lilion, donations in kind have been provided by a multitude of businesses and individuals and have covered the cost ol de&gn and constructi¢M proiecl work. payroll servi￿& insurance and marketing support. The Trustees are respon&ble for keeping adequate accounting records Ihal are sufficient lo show and explain the Group and the Company's transadions and disclose wth ￿aSOna￿e a￿Ur8¢Y al any lime the financial position of the Group and the Company and enable them to ensure that Ihe financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguardirbg the assets of the Group and the Company and hence fof taking reasonable steps for the prevenlion and detection of fraud a￿1 olher iriegularilies. Reserves Policy In line wlh Charity Commisgon guidance Priscilla Bacon Norfolk Ho¥)ice Care Ltd has developed a reserves policy that is appropriate for the eh8rity. The policy lakes Irilo account the need lo set aside funds lo manage uncertainly but also lo ena￿e the funding of future planned and scheduled activib"es. This is achieved by the surplus generated by the ietail opeiabon and by apportioniThJ 7% of donations and fuThYs received for the capital appeal campaign. Priscilla Bacon Norfolk Hospi￿ Care Limited hdds reserves to ena￿e il to.. a. Meet its contractual obligations {induding eommitted administrative costs)., b. Designate funds for future expenditure on the development. planning and sutv)rt of the campaign lo lundraise for the new Priscilla Bac￿ Hospice., . Relain a sufficient margin of funds lo meet the cost of unforeseen events. The free reserve wll consist of unrestricted funds not invested in langible fixed assets or designated for specific purposes. The target free reserve is £110,000-£115.000 which represents months average adminislralive and olhw organisalional costs. The majority of reserves of the charity ￿late lo the capital aml for the hospice". these include pledges, grants and donations intended for the capital appeal. Any surplus unrestricted reserves are designated towards the capital appeal also. The Trustees fomially review the level of reserves annually. taking into ￿)￿nI the financial outlook of the charity and all relevant cifcumstances that wll impact on both ils income and expenditure in the future. The charity is in the Pfwess of building up the reserves as set out in this policy. The aim is lo build free reserves lo Ihe largel level. Page 7 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED (A company limited by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2020 Statement of Trustees. responslbililigs The Trustees (who are also the di￿10{$ of the Company for Ihe purposes of company lawl are responsible for preparing the Trustees, report and the financral statements in accc*dance wth applicable law and United Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounting Practice). Company law requires the Truslees tr) prepare financial statements for each financial year. Under company law the Trustees must nol approve the finarrial statements unless Ihey are satisfied that they give a true and fair view of the stale of affairs of the Group arKI the Company and of their in¢(Kning ￿$0￿￿$ and application of resources, including their income and expenditure. lor that perioj. In preparing these financial stalemenls. the Trustees are ￿Uired lo.. select suiiable accounting policies and then apply them congstendy.. observe the meth(￿S and prtnciples of the Charities SORP IFRS 1021- make judgments and accounting estimates that are reaSona￿e and prudent-, slate whether applicable UK Accounting SlaNlards IFRS 1021 have been follossEd. SU￿.ect lo any material departures di￿108ed arvj explained in the financial slalemenls.. prepare the financial statements on the going concem basis unless il is inapprowiate lo presume that the Group will continue in business_ The Trustees are respon￿ble for keeping adequate accounting Tecords that are sufficient lo show and explain the Group and Ihe Companys transactions and disclose wth reasonaNe ￿￿r8¢Y at any time Ihe financial position of the Group and the Crmpany and enable them lo ensure that the financial slalemenls wmply wth Ihe Companies Act 2006. They are also responwble for safeguarding the assets of the Group and the Company and hence for taking reasonable sleps for the prevention and detection of fraud and other irregularities. Disclosure of infomiation to auditOfS Each of the perxjns who are Trustees at the time ￿en this Tru*es' reput is approved has confim)ed Ih8t". so far as that Trustee is aware. there is rK) relevant audit infomiabon of which the charitable group'5 auditors are unaware, and that Trustee has taken all the steps that ought tr) have taken as a Trustee in order to be aware of any relevant aL*Jil information and lo e5tsblish that the charitable group's auditors are avrdre of that infomatson. This report vras approved by the slees and Sig￿ on their behalf by.. Robert Carter DL Chainnan Board of Trustees Date.. 21 May 2021 Page 8 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED {A company limited by guaranteo) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED Opinion We have audited the financial slalements of Priscilla Ba(x)n Norfolk Hospice Care Limited Ilhe 'pa￿nI charitable company) and ils wbsidiaries Ilhe 'gfOUP'I for the year end￿ 31 Octobei 2020 which comprise the Consolidated statement of financial activities. the Conwlidaled balance sheet, the Charity balance sheet, the Consolidated slalemenl of cash flows and the related notes, induding a summary of significant accounting policies. The financial reporting framewjrk that has been applied in their pieparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Kingdom Gene¥ally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the Group's and of the parenl charitable company's affairs as at 31 October 2020 and of the Group's in￿ming resi>urces and application of ￿$oUr￿S. induding its inc(¥ne and expenditure for the year then ended." have been property prepared in accordance United Kin*om Generally Accepted Accounting Practi￿., and have been prepared in ￿ance wth the requirements of the Companies Act 2006. Basis for opinion We conducted our aLKlil in accy)rdanee wlh International Standards on Auditing {UK) IISAS (UK)) and applicable law. Our responsbililies under those standards are further described in Ihe Auditors, responsibilities foi the audit of the financial slalements section of ouf report. We are indeFÉndenl of the Group in accordance wlh the elhi¢al requirements that are relevant lo our audit of the financial statements in the United Kingdom. including the Finanual Rewrting Council's Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements_ We believe that the audit eviden￿ we have obtained is sufficient and appropriate lo provide a ba%s for our opinion. Conclusions relating to going concern We have nothing lo rep)rt in respecl of the followng matters in relation lo ￿7¢h the ISAS IUKI require us to report lo you where.. the Trustees, use of the going concem basis of accounting in the preparation of the finanryal ststemenls is not appropnale., or the Trustees have not disclosed in the financial stalemenls any identified maleiial uncertainties that may cast significanl doubl about the Gioup's or the parent charitable company's ability to continue lo adopt the going con￿rn basis of accounling for a perirAI of al least ￿1ve months from the dale when the financial slalemenls a￿ authorised for issue. Page 9 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED IA company Ilmlted by guardntee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF PRISCILLA BACON NORFOLK HOSPICE CARE LIMThED (CONTINUED) Other infomiation The Trustees are ￿9)OnSible for the other infomiab"on_ The other information comprises the infomation included in the Annual repurt. other than the financial statements and our Auditors. report Ihereon. Our opinion on the financial statements does not covef the other infom)abon and, except to the extent otherwise explicitly staled in report. do not express any fotm of assuran￿ conduson thereon. In connection with our audit of Ihe financial slalemenls. our resp(￿SibIlIty is to read the other information and. in doing so. consder whether the other infom)ation is materially incon&stenl with the financial statements or our knO¥￿edge obtained in the audit or olherwse appears to be materially mi&siated. If we identify such material inconsistencies or apparent material misslalements. we are required to delemiine vthether there is a material misstalemenl in Ihe finanual statements or a material misstatement of the other infomation. If. based on the work we have perfomed, condude that there is a material misslalement of this other infom)ation, we are reqLbired lo rewi Ihal fact. We have nothing lo report in this regard. Oplnlon on other matters prescribed by the Cornpanies Act 2(K)6 In our opinion, based on the ￿rk undertaken in the course of the audit.. the infom)alion given in the Trustees. report for the finanaal year for wh￿h the finanaal slalements are prepared is congslent with Ihe financial statements. the Trustees, report has been prepared in ac£ordance wilh aP￿1¢a￿e legal requirements. Matters on which we are rwuired to report by exception In the light of our knowledge and understanding of the charilable company and its environrnenl obtained in the course of the audit. we have not identified material misslatemenls in the Truslees. report. We have nothing lo report in Tespect of the followng matters in relation to vA)i¢h Companies Act 2CKJ6 requires us to report to you if, in ouc opinK)n'. the parent charilable company has not kept adequate and gjfficienl accounting records, or ieturns adequate for our audit have not teen r￿￿ed from branches not visited by u5.. or the parent charitable c4)mpany financial statemenls are not in agreement wth the accounting records and returns,. or certain disclosures of Trustees. remuneration s￿rIed by law are not made" or we have not received all the infomiatt.on and explanatKJns require for our audit. Page 10 **(A company limited by guarantee)** ## **PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED** ## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED (CONTINUED)** ## **Responsibilities of trustees** As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so. ## **Auditors' responsibilities for the audit of the financial statements** Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report. ## **Use of our report** This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed. ## **Julie Grimmer FCA DChA (Senior statutory auditor)** for and on behalf of **Larking Gowen LLP** Chartered Accountants Statutory Auditors Norwich 22 July 2021 Page 11 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED (A company Ilmlted by guarnnle8} CONSOLIDATED STATEMENT OF FINANCIAL ACTIVJTIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 OCTOBER 2020 Unrestricted funds 2020 RestrS¢ted funds 2020 Total funds 2020 Total funds 2019 Note Incorne from-. Donations and legacies Other trading ￿tivitIeS Investments Other income 1.567.887 452.344 4.492 108.144 40.000 1.607,887 452,344 4,492 108,144 2,471, 712 433,592 14 Total income Expenditure on.. Raising funds Charitable aclNilies 2.132,867 40.000 2.172,867 2,905,318 466.422 64.910 466.422 104,910 432.645 140,302 40.000 Total expenditure 531.332 40,000 571.332 572,947 Net movement in funds 1.601.535 1.601,535 2,332,371 Reconclliation of funds: Total funds brought foward Nel movement in funds 2.493.264 1.601.535 138,370 2.631.634 1.601.535 299.263 2,332.371 Total funds Carried forward 4,094,799 138,370 4.233.169 2,631, 634 Page 12 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED IA company limited by guarantee) REGISTERED NUMBER: 09832765 CONSOLIDATED BALANCE SHEET AS AT 31 OCTOBER 2020 2020 2019 Note Fixed as$&ts Intangible assets Tangible assets 12 13 4,420 87.485 5,980 103.259 91,905 109,239 Current assets Debtors Cash at bank and in hand 15 233.057 3.934.962 284,307 2,277, 167 4.168.019 2,561.4T4 Creditors.. amounts falling due within one year 16 {26.755} (39.OT9) Net current assets 4,141.264 2.522,395 Total net assets 4.233,169 2,631,634 Charity funds Reslricled funds 17 138,370 4.094.799 138,370 2,493.264 Unrestricted fU￿J$ 17 Total funds 4,233,169 2,631,634 The Trustees acknO￿edge their respon&bilities for complying with Ihe requirements of the Act wlh respect lo ac unling records and preparation of financial slalemenls_ nancial statements were approved and auth￿Ised for issJJe by the Trustees and signed on their behalf by.. er laln Maw80n Dale.. 21 May 2021 The notes on pages 16 10 36 form part of these financial statements. Page 13 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED {A company limited by guarantee) REGISTERED NUMBER: 09832765 CHARITY BALANCE SHEET AS AT 31 OCTOBER 2020 2020 2019 Note Fixed assets Intangible a55els Tangible assets Investments 12 4.420 83.369 i(rf) 5.980 102.351 l( 13 14 87.889 108.431 Current assets Debtors Cash 81 bank and in hand 15 197.407 3.895.523 2f￿.343 2.237,661 4,092.930 2.498.004 Creditors.. amounts falling due within one year 16 {67.090} (43, 777) Not current assets 4.025.840 2,454.227 Total n•t assets 4.113.729 2,562, 658 Charity funds Reslricled funds Unreslricled fuNIs 17 17 138,370 3.975.359 t38.370 2,424,288 Total funds 4.113,729 2,562,658 The net surplu5 of the parent charity for the yearvras £1.551.071. The Trustees acknovAedge their responsibilities for complying wth the requirements of the Act wth respect lo accounting records and preparab.on of financial slatemenls. financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. er lain Mawson Dale.. 21 May 2021 The notes on pa9ès 16 to 36 fomi part of these finanaal slatements. Page 14 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED IA company limited by guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDEO 31 OCTOBER 2020 2020 2019 Cash flov￿ from operating activities Nel cash used in 0￿rating activities 1.683.191 2,166,307 Cash flows from investing activities Interest re￿iVed 4,492 {29,888) 14 (16,546) Puichase of tangible fixed assets Net cash used in investing activities {25.396) {16,532} Changè In cash and eash equivalents in the year Cash and cash equNalents at the beginning of the year 1,657.795 2.149,775 2,277,167 127,392 Cash and cash equivalents atthe end ofthe year 3,934,962 2,277, 167 The notes on pages 16 10 36 fomi part of these financial slalemenls Page 15 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED (A ¢ompany limited by guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 General infomiatlon Priscilla Bacon Norfolk Hospice Care Limited is a company limited by guarantee domiciled in England and Wales, ¥egistration number 09832765. The registered office is 7 The Close. Norwich. Norfolk, England, NR14DJ. Accounting policie8 2.1 8asl8 of preparation of financial 8tatom•nts The finanaal stalemenls have been prepared in &cordance wlh the Charities SORP IFRS 1021- counting and Reporting by Chartiies.. Statement of Recommended Piactice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK arKI Republic of Ireland IFRS 1021 (effective 1 January 2019). the Financial Reporting Standard applicable in the UK and RepU￿1C of Ireland (FRS 102) and the C(mpanies Ad 20(b. PrI￿llIa Bacon Norfolk Hospi￿ Care Limited meets the definition of a public benefit entity under FRS 102. Assets arKI liabilities are initially recr4nised at historical cost or transaction value unless otherwise staled in the relevant accounbng policy. The Consolidated ststemenl of financial activities (SOFA) and Consolidaled balance sh￿1 consolidate the financial statements of the Charity and its EJJ￿dlary UfKlertaking. The results of the subsidiary are consolidated on a line by line ba&s. The Charity has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of financial activities in these financial slatemenls. 2.2 Income All inccffie is recognised once the Charity has entitlement lo the income, it is probable that the income will be re￿Ved and the amount of income reCeiVa￿e can be measured reliably. The recognition of incrjme from legaaes is de￿dent on establishing entillement. the probability of receipt and the ability to estimate Trmth sufficient accuracy the amount receivable. Evidence of enlidemenl lo a legacy exists when the Charity has sufficient evidence that a gift has been left lo them Ilhrough knowledge of the existence of a valid wll and the death of the benefactorl and the executor is sabsfied that the property in question ￿11 not be required lo satisfy claims in the estate. Receipt of a legacy must be reccgnised when it is piobable that it will be received and the fair value of the amount receivable, wh￿h VAII generally be the eX￿ted cash amount lo be dislrtbuted to the Charity, can be reliably meayJred. Grants are included in the Consolidated slalemenl of financial activib.es on a rerrivable basis. The balance ol inccxne received for specific PUTposes but not expended during the period is shown in the relevant fuTrJs on the Balance sheel. Where income is received in advance of enlillemenl of receipt. its recognition is deferred aThJ included in creditors as defe[r￿j inccthe. Where enliuement oecurs before income is [￿e1ved. the ineome is acLrued. Donated professional services and donated facilities are re¢￿J￿iSed as a grfl, on r￿lPt, on the basis of the value that the company %￿Uld have been ￿lling to pay lo obtain the services or facilities of equivalent economic benefit on the open market,. a corresponding amount is then rewJnised in expendilure in the period of receipt. General volunteer time is not valued and recognised in the financial slatemenls. Page 16 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED IA Company limlted by guarantee) NOTES TO THE FINANCLAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 A¢¢ounting policies {continuedl 2.2 Income (contlnued) Income tax recoverable in relation lo donations received uThJer Gift Aid or d￿dS of covenant is recryJnised at the time of the donation. Income tsx recoverable in relation to investment income is rec(¥Jnised at the tsme the investment inc￿rne is r￿1vable. 2.3 Expendlture Expenditure is recognised Or￿ there is a legal or constructive obligabon to transfer economic benefit to a third paty, il is probable that a transfer of econcxmic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs. including support costs involved in undertaking each acts"vity. Direct costs attributable lo a single activity are allocated directly lo that activity. Shared cosls which contribute lo more than one activity and sur¥)ort costs Nyhich are not attribulable lo a single a¢tTvity are apportioned between those activities on a ba￿5 con￿stent wlh the use of resources. Central staff costs are allocated on the ba￿S of time spenL and depreciation charges allocated on the portion of Ihe asset's use. Fufidrai￿ng costs are those incuffed in seeking voluntary conlribuiions s￿1 do not include the costs of dissseminating information in support of the charitable activities. sUpp￿t costs are those costs incurred directly in support of exFendilure on the 0tr4.ects of the company and include project management. Goveman¢e costs are those incurred in connection wlh adminislTalion of the company and compliarKe with constitutional and slatulory requirements. Costs of generating funds are costs incurted in attracling voluntary income. a￿1 those incurred in trading activities that raise funds. 2.4 Intgrost recgivablg Interest on funds held on deposit 15 induded when receivatle and the amount can be measured rella1￿Y by the Group.. this is normally uw)n nolrficalion of the interest paid or payable by the institution with wh(¥m the funds are deposited. 2.5 Intangible assats and amortisation Intangible assets 8re initially recLYJnised 8t cost. After reccgnition. urKler the cost model, intangible assets are measured al cost less any accumulated amortisation and any ac¢umulated impaim)enl losses. Amortisalion is provided on intangible assets al rales ￿l¢￿I81ed to wrile off the cost of each asset on a straighl-line basis over ils expected useful life. The estimated useful lives are as follows: Amortisalion is provided on the following bass". SofNvare 5 years slraighl line Page 17 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED {A cornpany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 Accountlng policies Icontinued 2.6 Tanglble fixed assets and depreciation Tangible fixed assets are initially rec&Jnised al cost. After reo)Jnition. under the u)st model, tangible Iixed assets are Measur￿ 81 cost less accumulated depreciation and any accumulated impaim)enl losses. Al costs incurred to brtng a tangible fixed asset into its intended workin9 eondilion should be induded in the measurement of eosl. Depreciation is charged so as to allocate the cosl of tangible fixed assets less their rwidual value over their estimated useful lives. Depreeialion is provided on the follcwng base& Sel up, fixtures and fittings Leasehold propety improvements Equipment Computer equipment A&qets under constsuction 3-6 years slraight line 3 years slraighl line 3 years straight line 3 years straight line No depreciatson unb'l transferred and brought into use 2.7 Investments Fixed asset investments are a form of financial instrument and are initially recognised al their tran￿lion cost and subsequently measured al fair value al the Balan￿ sheet date. unless the val*Je cannot be measured reliaNy in which case il is measured al cost less impaimenl. Investment gains and losses, whether realised or unrealised. are combined and presented as'GainglLossesl on investments. in the Conx)lidaled statement of financial activities. Investrnenls in subsidiaries are valugj al cost Ivss provision for impaiment. 2.8 D•btors Trade and other debtors are reccgnised at the settlement amount after any trade discount offered. Prepayments are valued at Ihe amount prepaid net of any trade diS￿unIS due. 2.9 Cash at bank and in hand Cash at bank arKI in hand indudes cash short-temi highty liquid inveslrnents with a short malullty of three months or less friyn the date of acquisition oi ¢¥ening of the depost or similar account. Page 18 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED (A Company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 Accountlng policies Icontinuodl 2.10 Liabilitles and provislons Liabilities ale recc*Jnised when there is an O￿lgatiOn al the Balance sheet dale as a result of a past event, il is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates il wll pay lo settle the debt or the amount it has received as adva￿ed payments for the goods or services it musl provide. Provisions are measured at the best estimate of the amounts ￿qUired to settle the obligation. Where the effect of the time value of money is material, the prOVi￿On is based on the present value of those amounts, discounled al Ihe pre-lax discount rate that reflects the risks specific lo the liability. The unwnding of the discount is recconised in the con￿lIdated statement of financial activities as a finan￿ cost. 2.11 Financial instruments The Group onty has financial assets a￿1 financrdl liatM"lities of a kind that qualify as basic financial instruments. Bagc finanryal instruments are initially recognised al transaction value and subsequently measured al their seltlement value wlh Ihe exception of bank loans which are SubseqUen￿Y measured at amortised cost usin9 the effective interest Meth￿￿. 2.12 Operating leases Rentals paid under operating leases are charged to the Consolidated stalement of financial activibes on a straight line basis over the lease temi. 2.13 Pensions The Group operates a defined contribution pengon ￿heme and the pen￿On charge represents the amounts payable by the Group to the fund in rewl of the year. 2.14 Fund a¢¢ountlng General funds are unrestricted furKJs vthich are available for use at the discretion of the Trustees in furtherance of the genefal otty'ectives ol Ihe Group and which have nol been designated for other purposes Restricted fu￿lS are funds vthich are to be used in accordance with specific restiictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of e&h restricted fund is sel out in the notes lo the financial statements. Investment income. gains and losses are allocated lo the approFMale furKI. Page 19 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 Income from donations and legacies Unre8tricted Restricted funds funds 2020 2020 Total funds 2020 Donations 517.710 2.532 989.150 58,495 40.000 557.710 2.532 989,150 58.495 Legacies Grants Gift aid 1.567.887 40.000 1,607.887 Unreslricled funds 2019 Reslricled funds 2019 Total funds 2019 Donations Legacies Grants Gift aid 1.614.853 152,213 602,020 62.626 40.000 1.654.853 152,2t3 602,020 62.626 2.431.712 40.￿0 2.471. 712 Page 20 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED IA company Ilmited by guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE Y&4R ENDED 31 OCTOBER 2020 Income from other tradlng actlvltles Income from fundraising events Unre$trf¢ted funds 2020 Total funds 2020 Fundraising income 152,443 152,443 Un￿$t[ICted funds 2019 Tolal funds 2019 Fundraising ineome 89,812 89,812 Income from non charitable trading activitie5 Unrestricted funds 2020 Total funds 2020 Donated gcM)ds 299,901 299,901 Trading income relates to the retail of charity shg)s vthich is generated by the subsidiary, Priscilla Bacon Retail Limited. Unrestricted funds 2019 Total funds 2019 Donated gcx)ds 343,780 343, 780 Page 21 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 Inv•stm•nt incomè Unrestricted funds 2020 Tota funds 2020 Investment income 4,492 4.492 Unrestricted fvnds 2019 Total fvnds 2019 Investment inccffie 14 Other Incoming resour¢es Unr88tricted funds 2020 Total funds 2020 Total funds 2019 Coronavirus Job Retention Scheme Retail. Hospitality and Lei￿re Grant Fund 38.144 70.OC#J 38.144 70.000 108.144 108.144 During the year. the Group ￿1Ved exceptional wvemmenl funding as part of the Coronavirus Job Retention Scheme. Funding ¥epresenls the costs of employing ￿rtain staff, unable lo carry out their duties as a result of the gl¢Jb31 pandemic. The Group also received additional govemmenl fu￿lIng as part of the Retail. Hospitality and Leisure Grant Fund. As part of this. the Group receNed Ofi￿￿ (ssh grants lo support the wnning costs of the harity sh¢)ps operated by the Gr¢JJP. Page 22 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED {A ¢ompany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 Expenditure on raising funds Fundraising tradlng expense8 Unrestrictgd funds 2020 Total funds 2020 Retail costs Rent Legal and professional Staff costs National insurance Pensions Depreciation and amortisalion 51,516 38,733 5,345 312.733 8,588 2,285 47,222 51,516 38.733 312,733 8.588 2.285 47,222 466,422 466,422 Unrestricl8d fvnds 2019 Restricted funds 2019 Tolal funds 2019 Retail costs Rent 43,897 34,900 2.837 28T.722 6,63g 1.393 7.586 43,897 34,900 2, 837 287, 722 6,639 1,393 55.257 Legal and professional Stsff costs National insuran Pensions Depreciation and amortisation 47.671 384,974 47,671 432,645 Page 23 PRISCILLA BACON NORFOLK HOSPICE CARE LIMThEO IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 Analysls of expenditure by activltles A¢tiviti8s undertaken directly 2020 Support Costs 2020 Total fund$ 2020 Charilatle acttvilies 74.408 30,502 104.910 Acfwitses undertaken dArecUy 2019 Supp(yt costs 2019 Total funds 2019 Chari(able adNlties 104,214 36,088 140,302 Analysis of direct ¢08ts Total funds 2020 A¢tlvlties 2020 staff costs 57,933 10,882 5.593 57.933 10,882 5,593 Fundraising costs Marketing aThJ engagement 74.408 74.408 Total funds 2019 Activities 2019 Staff costs Fundraising costs Marketing and engagement 61,705 30. 740 11,769 61,705 30,740 11.769 104.214 104,214 Page 24 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 Analysis of expenditure by activities {¢ontinuedl Analysis ol direct costs (continuedl Analysis of support costs Total funds 2020 Activities 2020 Travel costs 1,007 779 4.276 1,355 7,034 11,184 4,867 1.007 779 Communicabons Computer costs Bank charges Sundry expenses Accountsncy and payrdl Printing. PK)slage and ststionery 4.276 1.355 7.034 11.184 4.867 30,502 30,502 Total funds 2019 Aclivities 2019 Travel costs Communications Computer costs Bank Charges Sundry expenses Accountarw and payToII Irrecoverable VAT Printing, postage and ststionery Govemance costs 4,881 3,226 3,556 l. T44 1,502 11.345 312 4,881 3,226 3,556 l. T44 1.502 11,345 312 2,997 6.525 2,997 6.525 36,088 36,088 Page 25 PRISCILLA BACON NORFOLK HOSPICE CARE LIM￿ED (A company limited by guarant991 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 Audltor8' remuneratlon 2020 2019 Fees payable to the Charity's auditor for the of the Chartty's annual accounts 8.750 6,625 10. Staff costs Group 2020 Group 2019 Charity 2020 Charity 2019 Wages and salaries Social security costs Contribution to defined conth"bution pension schemes 352,733 23.114 329,746 23,38T 169,122 14.S26 199,890 16. 748 5.692 4.326 3.407 2.933 381.539 357.459 187.055 219,571 During the year en￿A 31 Octcthr 2W20. payments in lieu of notice lotalling £Nil have been made12019.' £2,031). The average number of perwns employed by the Charity during the year was as follows: Group 2020 No. Grot 2019 No. Charfty 2020 No. Charity 2019 No. Employees 21 19 The number of employees vknose empwee bènefits {exdLKling employer penson ￿Sts) exceeded £60.000 was.. Group 2020 No. Gn)up 2019 No. In the band £60.001- £70.000 In the band £70.001 £80,000 The Key Management Personnel IKMPI of the Charity are represented by the Trustees who are not remunerated and the Charity's CEO. During the period the total KMP eompensation lotalled £89,327 12019". £74,283), which con&sts of gross pay. employeis Nl and employers pension costs. Page 26 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED (A ¢ompany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 Trusteas, remunorntion and gxpgn$os During the yew. no Trustees reeewed 8ny rernuneralion or other benefits (2019- £NILJ. During the year ernled 31 Oclober 2020. no Tnjstee expenses have been incurred {2019- £NIL). 12. Intangible assets Group and Charity Computer Softwara Cost At 1 November 2019 7.800 Al 31 October 2020 7.800 Amortisation Al l November 2019 Charge for the year 1.820 1,560 At 31 October 2020 3,380 Not book valug At 31 October 2020 4.420 At31 October2019 5,980 Page 27 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED IA Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 13. Tangible fixed a88ets Group A$sot in Course of construction Laasehold Fixturns property and Computer smprovements fittings Equipmgnt equipment Total Cost or valuatlon At 1 November 2019 Additions 36.138 14.575 600 157,609 11.821 3.614 3,492 308 198.269 29.888 At 31 Oclot*r 2020 50,713 600 169.430 7.106 308 228,157 Depreciation Al 1 November 2019 Charge for the year 92.796 44.554 2.214 1.108 95.010 45,662 At 31 October 2020 137.350 3.322 140.672 Not book valug Al 31 October 2020 50.713 600 32.080 3.784 308 87.485 At 31 October 2019 36,t38 6LXI 64.813 1.4( 308 103,259 Page 28 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED (A company limited by guar4nte¢l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 13. Tangibl• fixed assets l¢ontinued) Group Icontinuedl Chaiity Asset in course of Flxtures and constructlon fittings Equipment Total Cost or valuation Al 1 November2019 Additions 36.138 14.575 157.609 10.312 3.614 1.793 197.361 26.680 At 31 October 2020 50,713 167,921 5.407 224,041 Depreciation Al 1 Novemkr 2019 Charge for the year 92,796 44,554 2,214 1,108 95,010 45,662 At 31 October 2020 137.350 3.322 140,672 Net book value Al 31 October 2020 50,713 30.571 2.085 83,369 At 31 October 2019 36.138 64.813 1,400 102,351 Page 29 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED (A company limited by guaranteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 14. Flxad asset investments Investments in subsidiary companies Charlty Cost or valuation Additions 100 At 31 October 2020 100 Net book value At 31 October 2020 100 The followng was a subsidkary undertaking of the Charity: Name Company numb•r Registered office or principal Class ot Holding place of business share$ Priscilla Bacon Retail Limiled 11695945 7 The Close, N0￿Ch. Norfolk. NR14DJ Ordinary 100% Included in consolidation Yes The financial results of the wt6idiary for the year ￿re.. Name Incorne Expenditurg Profit for the year Net assets Priscilla Bacon Retail Limited 406.890 {285.017} 121.873 119.540 Page 30 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED (A company limited by guarant89) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 15. Debtors Group 2020 Group 2019 Charity 2020 Charily 2019 Due within one year Other debtors Prepayments and accrwl incc*ne 10,831 222,226 3.547 280. T60 92$ 196,482 925 259,418 233,057 284,307 197.407 260.343 16. Creditors: Amounts falling due wlthln one year Group 2020 Grt)up 2019 Charfty 2020 Chaiily 2019 Trade Creditors Amounts owed to group undertakings Other laxalion and sooal security Olher creditors Accruals and deferr&J income 11,772 15,481 8,038 50,346 3,892 280 4.534 12,224 13,206 5,378 6.051 985 7. 704 330 15,564 7.947 12,689 26,755 39.079 67.090 43,777 Page 31 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 17. Stat•m8nt of funds Statement of funds - ¢urr9nt year Balan¢• at 1 November 2019 Balance at Transfers 31 October inlout 2020 Income Expenditure Unrestricted funds General Funds 2.493.264 2,132.867 (531,3321 4,094.799 Restricted funds Capital appeal furKI Asset Under Consiruction- New Hospi R G Carter- salary costs 102.232 {14.575) 87,657 36,138 14,575 50.713 40.000 (40,000) 138,370 40.000 {40.0001 138,370 Total of funds 2.631.634 2.172.867 1571.332) 4,233,169 Restrictod Funds R G Carter - During the year funds totalling £40,OCO {2019.' £40.000) ￿￿Te recetved to sur4Y)rt the cost of salaries. Page 32 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 17. Statomgnt of funds l¢ontinued) Statement of funds - prior year Balan￿ al l November 2018 Balance al 31 October 2019 rransfers inloul Income Expenditure Unreslricted funds General Funds 113.222 2.865,318 (485.276) 2,493,264 Rg$lrictod funds Capital arveal fund Retail shops Asset Under Construction - New Hospice R G Carter- salary costs 117.870 41.671 (15,638) 102,232 (4T.671) 20,500 15,638 36,138 40,000 (40,LW) 186.041 40.000 {87.6711 138.370 Total of funds 299,263 2.905,318 (572,947) 2.631,634 Page 33 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED IA company limited by guardntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 18. Analys1$ of net assets between funds Analysls of net a￿etS botween funds- current poriod Unrestri¢ted Restricted fund$ funds 2020 2020 Total funds 2020 Tangible fixed assets Intangible fixed assets Current assels Creditors due wthin one year 36,772 4.420 4.080.3&2 (26.755) 50.713 87.485 4,420 4,168.019 126,7551 87,657 Total 4.094,799 138,370 4.233,169 Analysis of net assets between funds- prlor poriod Unresliicted funds 2019 Restricted funds 2019 Total funds 2019 Tangible fixed assets Intangible fixed a&8ets Current assets Creditors due within one year 67,121 5.980 2.459.242 139.0791 36.138 103,259 5,980 2.561,474 (39,079) 102,232 Totsl 2,493,264 138.370 2,631.634 Page 34 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 19. Reconciliation of net movernent in funds to net cash flow from operating activities Group 2020 Group 2019 Net income for the reriod (as per Stslement of Finanaal Activities) 1.601,535 2,332,371 Adjustments for: Depreciation charges Amortisalion charges Interest re￿Ived Decreasel{increasel in debtors Increaselldecreasel in c￿dItOrS 45.662 1,560 {4,4921 51,250 112,3241 53,697 1.560 (14) (250,350J 29,043 Net cash provided by operating activities 1.683,191 2,166,307 20. Analysis of cash and Cash equivalents Group 2020 Group 2019 Cash in h￿d 3.934.962 2.277, 167 Total cash and cash equivalents 3.934,962 2.277, 167 21. Analysis of changes in net debt At1 November 2019 Cash flows At31 October 2020 Cash at bank and in hand 2,277.167 1.657.795 3.934,962 2.277.167 1,657.795 3,934,962 Page 35 PRISCILLA BACON NORFOLK HOSPICE CARE LIMITED {A company limitad by guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 22. Pension commitments The gr(yJp oFerated a defined contribution penson scheme. The assets of the scheme are held separately from those of the charity in an independenuy administered fund. The pension Cost charge reFKesenls contributions payable lo the fund arKI amounted to £5.692 {2019.' £4.3261. Contributions totalling £330 12019.. £3301 payable to the furKI al the balan￿ sheet date and are included in Creditors. 23. Operating lease commitments At 31 October 2¢Y20 the Group and the Charty eommitsnents to make future minimum lease payments under n￿￿anCelIable ￿[aling leases as foll0v￿.. Group 2020 Group 2019 Charity 2020 Chanty 2019 Not later than 1 year Lalei than l year and not later than 5 years 29.246 24.983 26.440 44,590 29,246 24,983 26,440 44,590 54.229 71,030 54.229 71,030 The followng lease payments have tr*en recryJrbised as an expense in the Slalefflent of financial aclivrties.. Group 2020 Group 2019 Charfty 2020 Chanty 2019 0￿rating lease rentals 38.733 34.900 38,733 34,9(k) 24. Related paity transactions During the year. a donation of £40.Om (2019." £40.OCK)) vras received from RG Carter Ltd. This was to support salary costs. The financial slalemenls include expenses totalling £1,197 {2019.. £2,801) made to RG Carter Ltd of which £nil (2019.. £666) is induded within cfedilors al the year end. Donations of £188,000 12019." £105,000) V￿re received from Trustees of the Charity. 2 12019.. 1) of these donations were from a related party. Donations amounting to £19,646 {2019.. £100.CKJO} were received from 3 12019: 31 charities where Trustee of the Charity is a Tnjstee in common. I purchases from related parties were m* in line the Charity's C￿flIct of Interest policy and on normal commercKqI terms. Page 36