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2023-03-31-accounts

OXFORD CENTRE FOR EDUCATION AND RESEARCH IN PALLIATIVE CARE: SOBELL HOUSE

Charity Registration Number: 1172165 Company Registration Number: 10647198

Financial Statements

for the year ended 31st March 2023

Wenn Townsend

Chartered Accountants

Oxford

Oxford Centre for Education and Research in Palliative Care: Sobell House

Contents

Page
Charity Reference and Administrative Details 1
Trustees’ Annual Report (including Directors’ Report) 2 - 5
Independent Auditor’s Report 6 - 8
Statement of Financial Activities (including Income and Expenditure Account) 9
Balance Sheet 10
Notes to the Financial Statements 11 - 20

Oxford Centre for Education and Research in Palliative Care: Sobell House

Reference and administrative details

Charity Registration Number: 1172165
Company Registration Number: 10647198
Trustees: T Harrison
J Holloran
S Yates
Registered Office: 30 St Giles
Oxford
OX1 3LE
Auditors: Wenn Townsend
Chartered Accountants and Registered Auditors
30 St Giles
Oxford
OX1 3LE
Bankers: Barclays Bank plc
Oxford City Centre Branch
Oxford
OX1 3HB
Investment Managers: Quilter Cheviot Limited
1 Kingsway
London
WC2B 6AN

-1-

Oxford Centre for Education and Research in Palliative Care: Sobell House

Trustees’ Annual Report (including Directors’ Report) for the year ended 31st March 2023

The Trustees present their report and the audited financial statements of the Oxford Centre for Education and Research in Palliative Care (OxCERPC) charity for the year ended 31st March 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

This report describes the fifth year of work by OxCERPC. Education and research have taken place in Sobell House for approximately 45 years.

Trustees of the Charity

The directors of the charitable company are its trustees for the purposes of charity law. The Trustees who have served during the year and since the year end were as follows:

John Holloran (Chair of the Board of Trustees) Sharon Yates Tim Harrison Gillian Nineham (Resigned July 2022) Mary Thomas (Resigned November 2022)

Objectives and Activities

The aim of the Charity is to support patient care by developing and educating health and social care staff to deliver care of high quality. Research supports patient care by looking at evidence, posing questions and seeking to find answers which will change practice.

The Objects of the Charity for public benefit are:

  1. To advance the education of the public in general (and particularly amongst those working in health and social care) in all areas relating to palliative care and/or pain relief; and/or

  2. To promote research for the public benefit in all aspects of palliative care and/or pain relief and to publish the results as the Trustees think fit; and/or

  3. To relieve the need and/or to relieve sickness and to preserve the health of the patients of Sobell House in Oxfordshire, and in any other places as the Trustees from time to time decide, by any charitable means as the Trustees from time to time decide.

The staff and Trustees are proud of meeting our objects this year as delivered through our educational and research activities.

Education

-2-

Oxford Centre for Education and Research in Palliative Care: Sobell House

Trustees’ Annual Report (including Directors’ Report) for the year ended 31st March 2023 (continued)

Objectives and activities for the public benefit (continued)

International work

Research work

Activities – organisational:

Public Benefit Statement

The Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.

Financial Review

The number of delegates has returned to pre pandemic levels. The income from educational activity covered expenditure when considering 2021/22 and 2022/23. Advanced courses in pain and symptom management accounted for 42% of the current course portfolio. In addition, OxCERPC received a grant from Oxford Clinical Commissioning Group of £70,000.

-3-

Oxford Centre for Education and Research in Palliative Care: Sobell House

Trustees’ Annual Report (including Directors’ Report) for the year ended 31st March 2023 (continued)

The Covid pandemic followed by war in Ukraine in quick succession required central banks to raise interest rates rapidly in a bid to curb surging inflation. Higher bond yields then resulted in volatility and large negative capital losses as both bonds and equities fell in tandem. Due to these factors our investment portfolio decreased in value to £171,813 (2022: £191,464.) We have not drawn down on our investment portfolio in 2022-23. The performance of our Investment Fund Manager, Quilter, showed a net capital loss (realised and unrealised) of £16,821 for the year (2022: gain £8,488). Despite these losses, in the opinion of the Trustees, our portfolio continues to outperform the market.

Free reserves at the year-end were £282,718. The operational reserve is £80k (5 months’ salary costs).

Restricted Funds totalled £45,751 at the end of the year. OxCERPC has a proposed spending plan for 2023/24 to support fund objectives.

Plans for Future Periods

The plans aim to support the objectives, developing education and research in addition to supporting healthcare and social care staff in developing skills to care for those who are at the end of their life underpinned by a sustainable business model.

Structure, Governance and Management

The Charitable Company is governed by its Memorandum and Articles of Association which were adopted on incorporation on 1st April 2017. It is registered as a Charity with the Charity Commission. The liability of members in the event of a winding up is limited by guarantee to an amount not exceeding £1 per member. At the balance sheet date there were 3 members.

The Board of Trustees, when complete, comprises a Chairman and 3 – 5 Trustees. The Trustees can fill any casual vacancy in their number. Trustees are selected, as required, to fill particular skill requirements on the Board of Trustees. Prospective Trustees are invited to make a series of introductory visits to the Hospice, Sobell House Hospice Charity offices and OxCERPC prior to being formally elected as Trustees.

The Board of Trustees meets four times a year. All policy and strategy decisions are formally tabled for approval at the Trustees’ quarterly meetings. Decisions concerning the day to day running of the Charity are delegated to the director (Dr Mary Miller 0.4 WTE) and the team (4 people – 3.0 WTE).

Key Management Personnel Remuneration

The Trustees consider the director and education lead as the key management personnel of the Charity in charge of directing and controlling the Charity and running and operating the Charity on a day to day basis.

All Trustees give of their time freely and no Trustee remuneration was paid in the year. Details of Trustee expenses and related party transactions are disclosed in note 6 to the accounts.

Trustees are required to disclose all relevant interests and in accordance with the Charity’s policy withdraw from decisions where a conflict of interest arises.

-4-

Oxford Centre for Education and Research in Palliative Care: Sobell House

Trustees’ Annual Report (including Directors’ Report) for the year ended 31st March 2023 (continued)

The pay of the employees is in line with their employer’s NHS terms and conditions. One employee is employed by Katharine House Hospice Charity but seconded to OxCERPC. That employee’s pay and conditions are in line with those of Katharine House Hospice Charity.

Risk management

Delegates find it difficult to secure funding for education and arrange time to attend training. The causes are multifactorial, cost of living crisis, NHS and hospice funding, industrial action and staff shortages across health and social care.

Providing online learning and recordings of the education mitigate the risks to an extent. The staff and Trustees have agreed a plan and investment of resources aiming to secure grants to enable staff to attend educational and training opportunities.

Trustees' responsibilities statement

The trustees (who are also directors of Oxford Centre for Education and Research in Palliative Care: Sobell House for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the Board

Signature: ………………………….. Sharon Yates, Trustee

Date: 11th July 2023

-5-

Oxford Centre for Education and Research in Palliative Care: Sobell House

Independent Auditor’s Report to the Members of Oxford Centre for Education and Research in Palliative Care: Sobell House

Opinion

We have audited the financial statements of Oxford Centre for Education and Research in Palliative Care: Sobell House (the ‘charitable company’) for the year ended 31st March 2023 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation 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 Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

-6-

Oxford Centre for Education and Research in Palliative Care: Sobell House

Independent Auditor’s Report to the Members of

Oxford Centre for Education and Research in Palliative Care: Sobell House (continued)

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 5, 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 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 charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s 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 auditor’s 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

-7-

Oxford Centre for Education and Research in Palliative Care: Sobell House

Independent Auditor’s Report to the Members of Oxford Centre for Education and Research in Palliative Care: Sobell House (continued)

Auditor’s responsibilities for the audit of the financial statements (continued)

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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 auditor’s 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 auditor’s 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 the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

.............................................. Benjamin Hayes BSc FCA (Senior Statutory Auditor) For and on behalf of Wenn Townsend Chartered Accountants and Statutory Auditor 30 St Giles Oxford OX1 3LE

11th July 2023

-8-

Oxford Centre for Education and Research in Palliative Care: Sobell House

Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31st March 2023

Note
Unrestricted
Restricted
funds
funds
£
£
Income from:
Charitable activities
2
127,487
219,000
Investments
3
1,458
-
_
_
Total income
128,945
219,000
Expenditure on:
Charitable activities
4
(202,287)
(222,761)
_
_
Total expenditure
(202,287)
(222,761)
Net gains/(losses) on investments
10
(16,821)
-
_
_
Net income/(expenditure)
(90,163)
(3,761)
Transfers between funds
14
1,591
(1,591)
_
_
Net movement in funds
(88,572)
(5,352)
Reconciliation of funds:
Total funds brought forward
371,290
51,103
_
_
Total funds carried forward
282,718
45,751
═════
═════		 Total
Unrestricted
Restricted
2023
funds
funds
£
£
£
346,487
391,299
15,033
1,458
2,158
-
_
_
_
347,945
393,457
15,033
(425,048)
(276,270)
(29,861)
_
_
_
(425,048)
(276,270)
(29,861)
(16,821)
8,488
-
_
_
_
(93,924)
125,675
(14,828)
-
-
-
_
_
_
(93,924)
125,675
(14,828)
422,393
245,615
65,931
_
_
_
328,469
371,290
51,103
═════
═════
═════		 Total
2022
£
406,332
2,158
_
408,490
(306,131)
_
(306,131)
8,488
_
110,847
-
_
110,847
311,546
_
422,393
═════

All income and expenditure derive from continuing activities. The statement of financial activities includes all gains and losses recognised during the year.

-9-

Oxford Centre for Education and Research in Palliative Care: Sobell House

Balance Sheet
As at 31st March 2023
Note
Fixed assets
Intangible assets
8
Tangible assets
9
Investments
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one year
12
Net current assets
Net assets
Charity Funds
Restricted funds
14
Unrestricted funds
14
Total charity funds
15		 2023
£
2,232
4,110
171,813
_
178,155
13,503
217,685
_
231,188
(80,874)
_
150,314
_
328,469
═════
45,751
282,718
_
328,469
═════		 2022
£
-
-
191,464
_
191,464
37,107
255,216
_
292,323
(61,394)
_
230,929
_
422,393
═════
51,103
371,290
_
422,393
═════

The financial statements were approved and authorised for issue by the Board on 11th July 2023.

Signed on behalf of the Board of Trustees

……………………………… S Yates Trustee

The notes on pages 11 to 20 form part of these financial statements.

Company registration number: 10647198

-10-

Oxford Centre for Education and Research in Palliative Care: Sobell House

Notes to the Accounts

for the year ended 31st March 2023

1 Summary of significant accounting policies

(a) General information and basis of preparation

Oxford Centre for Education and Research in Palliative Care: Sobell House is a company limited by guarantee in England. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are included in the Trustees’ Report.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

(b) Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

(c) Income recognition

All income is included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

-11-

Oxford Centre for Education and Research in Palliative Care: Sobell House

Notes to the Accounts for the year ended 31st March 2023 (continued)

1 Summary of significant accounting policies (continued)

(c) Income recognition (continued)

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example, the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report.

Investment income is earned through holding assets for investment purposes. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably.

(d) Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

Expenditure on charitable activities includes the cost of programmes run at the Centre, and the salary costs recharged to the charity from ORH.

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs and administrative costs. They are incurred directly in support of expenditure on the objects of the charity and include project management. Where support costs cannot be directly attributed to particular headings they have been allocated to charitable activities on a basis consistent with use of the resources.

(e) Intangible assets

Intangible assets are amortised on a straight line basis over their useful lives. The useful lives of intangible assets are as follows:

Website development expenditure:

3 years

(f) Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures and fittings: 3 years

-12-

Oxford Centre for Education and Research in Palliative Care: Sobell House

Notes to the Accounts for the year ended 31st March 2023 (continued)

1 Summary of significant accounting policies (continued)

(g) Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

(h) Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

(i) Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

(j) Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The resulting budgeted income and expenditure figures are deemed sufficient when coupled with the level of reserves held for the charity to be able to continue as a going concern.

2 Income from charitable activities

3

Course fees – advanced courses
Course fees – other programmed courses
Grants received
Donations received
Income from investments
Dividends received		 2023
£
162,257
113,825
70,000
405
_
346,487
═════
2023
£
1,458
═════		 2022
£
129,765
176,001
100,000
566
_
406,332
═════
2022
£
2,158
════

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Oxford Centre for Education and Research in Palliative Care: Sobell House

Notes to the Accounts for the year ended 31st March 2023 (continued)

4 Analysis of expenditure on charitable activities

Advanced courses
Other programmed courses
Specific fund costs (including HDH project manager)
Salary costs
Finance staff recharges
Accountancy and bookkeeping
Bank charges
Website amortisation
Depreciation
Other support costs
Marketing and development
Governance costs (note 5)
5
Governance costs
Finance staff recharges
Auditor’s remuneration
- audit fees
- Under provision in prior year		 2023
£
45,422
59,597
82,870
197,002
-
19,596
2,739
517
666
11,491
795
4,353
_
425,048
═════
2023
£
-
3,840
513
_
4,353
═════		 2022
£
53,144
43,551
29,861
136,016
6,239
12,260
1,779
1,238
-
16,283
1,836
3,924
_
306,131
═════
2022
£
1,000
2,924
-
_
3,924
═════

6 Trustees’ and key management personnel remuneration and expenses

The trustees neither received nor waived any remuneration during the current or preceding year.

The total amount of employee benefits received by key management personnel is £54,026 (2022: £51,354). The Trust considers its key management personnel comprises the director and trustees.

No trustees are accruing pension arrangements.

The trustees did not have any expenses reimbursed during the current or preceding year.

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Oxford Centre for Education and Research in Palliative Care: Sobell House

Notes to the Accounts for the year ended 31st March 2023 (continued)

7 Staff costs and employee benefits

The average monthly number of employees and full-time equivalent (FTE) during the period was as follows:

follows:
2023 2023 2022 2022
Number FTE Number FTE
6 4 5 3
═════ ═════ ═════ ═════
The total staff costs and employee benefits were as follows:
2023 2022
£ £
Wages and salaries 197,002 165,877
═════ ═════

Staff costs were recharged to the charity from Oxford University Hospitals Trust and Katharine House Hospice, and thus the charity does not operate its own payroll.

No employees received total employee benefits (excluding employer pension costs) of over £60,000 (2022: None).

8 Intangible fixed assets

Intangible fixed assets
Website
development
expenditure
£
Cost:
At 1st April 2022 4,950
Additions 2,749
_
At 31st March 2023 7,699
═════
Amortisation:
At 1st April 2022 4,950
Charge for the year 517
_
At 31st March 2023 5,467
═════
Net book value:
At 31st March 2023 2,232
═════
At 1st April 2022 -
═════

-15-

Oxford Centre for Education and Research in Palliative Care: Sobell House

Notes to the Accounts

for the year ended 31st March 2023 (continued)

9 Tangible fixed assets

Cost:
At 1st April 2022
Additions
At 31st March 2023
Depreciation:
At 1st April 2022
Charge for the year
At 31st March 2023
Net book value:
At 31st March 2023
At 1st April 2022
Fixed asset investments
Cost or valuation:
At 1st April 2022
Additions
Disposals
Revaluation
Movement in cash held within portfolio
At 31st March 2023

Investments at fair value comprise:
Equities
Securities
Cash within investment portfolio		 Office
Equipment
£
-
4,776
_
4,776
═════
-
666
_
666
═════
4,110
═════
-
═════
Listed
Investments
2023
2022
£
£
191,464
234,960
20,550
-
(23,028)
(53,485)
(16,821)
8,488
(352)
1,501
_
_
171,813
191,464
═════
═════
2023
2022
£
£
146,209
163,171
22,221
24,558
3,383
3,735
_
_
171,813
191,464
═════
═════

10 Fixed asset investments

The fair value of listed investments is determined by reference to the quoted price for identical assets in an active market at the balance sheet date.

-16-

Oxford Centre for Education and Research in Palliative Care: Sobell House

Notes to the Accounts for the year ended 31st March 2023 (continued)

11
Debtors
Trade debtors
Prepayments and other debtors
12
Creditors: amounts falling due within one year
Deferred income (see note 12)
Accruals
Trade creditors
13
Deferred income
At 1st April 2022
Additions during the year
Amounts released to income
At 31st March 2023		 2023
£
11,760
1,743
_
13,503
═════
2023
£
72,545
7,162
1,167
_
80,874
═════
2023
£
51,573
297,810
(276,838)
_
72,545
═════		 2022
£
29,823
7,284
_
37,107
═════
2022
£
51,573
6,550
3,271
_
61,394
═════
2022
£
76,581
398,291
(423,299)
_
51,573
═════

Income has been deferred for amounts invoiced in advance of the programme run date.

-17-

Oxford Centre for Education and Research in Palliative Care: Sobell House

Notes to the Accounts

for the year ended 31st March 2023 (continued)

14 Fund reconciliation

i) 2022/23

Unrestricted funds

Unrestricted funds
Balance at Investment Balance at
01/04/22 Income Expenditure
losses		 Transfers 31/3/23
£ £ £
£		 £
Unrestricted 371,290 128,945 (202,287)
(16,821)
1,591		 282,718
Restricted funds
Balance at Balance at
01/04/22
Income		 Expenditure Transfers 31/3/23
£
£		 £ £ £
Strategic Health Authority grant 47,982
-		 (29,315)
-		 18,667
League of Friends Communications skills
813
-		 (810)
(3)		 -
HART 1,271
-		 - (1,271) -
HEE Grant – Syringe Driver FILD 317
-		 - (317) -
HEE Grant 720
-		 (720)
-		 -
ICST Courses -
5,500		 (1,430)
-		 4,070
TVCA ACST Courses -
43,500		 (34,075)
-		 9,425
OCCG SCAS Training -
70,000		 (57,247)
-		 12,753
NHS England -
100,000		 (99,164)
-		 836
51,103
219,000		 (222,761)
(1,591)		 45,751

Strategic Health Authority grant

To support the provision of end of life care through education and training in the community of Oxfordshire.

League of Friends Communications skills

To support entry level communications skills training for staff in Oxford university Hospitals NHS Trust.

HART

To improve knowledge and skills of staff working in the Home reablement team.

HEE Grant – Syringe Driver FILD

For the production of a syringe driver video and videos to support education.

HEE Grant

To provide improved knowledge, skills and confidence of staff providing palliative care and end of life care in HEE South East area of practice.

ICST Courses

Thames Valley Cancer Alliance to fund 50 delegate places on intermediate communication skills training courses.

TVCA ACST Courses

Thames Valley Cancer Alliance to fund 60 delegate places on advanced communication skills training courses.

OCCG SCAS Training

South Central Ambulance Fund, in collaboration with Oxford Palliative Clinical Network to fund clinical network and project manager salary costs.

NHS England

To support staff across the southeast to access education and training in end-of-life care.

-18-

Oxford Centre for Education and Research in Palliative Care: Sobell House

Notes to the Accounts

for the year ended 31st March 2023 (continued)

14 Fund reconciliation (continued)

ii) 2021/22

Unrestricted funds

Balance at Investment Investment Balance at
01/04/21 Income Expenditure gains 31/3/22
£ £ £ £ £
Unrestricted 245,615 393,457 (276,270) 8,488 371,290
Restricted funds
Balance at Balance at
01/04/21 Income Expenditure Transfers 31/3/22
£ £ £ £ £
Strategic Health Authority grant 62,616 - (14,634)
-		 47,982
League of Friends Communications skills
3,315		 - (2,502)
-		 813
HART - 3,891 (2,620)
-		 1,271
HEE Grant – Syringe Driver FILD - 317 - - 317
HEE Grant - 10,825 (10,105)
-		 720
65,931 15,033 (29,861)
-		 51,103

Strategic Health Authority grant

To support the provision of end of life care through education and training in the community of Oxfordshire.

League of Friends Communications skills

To support entry level communications skills training for staff in Oxford university Hospitals NHS Trust.

HART

To improve knowledge and skills of staff working in the Home reablement team.

HEE Grant – Syringe Driver FILD

For the production of a syringe driver video and videos to support education.

HEE Grant

To provide improved knowledge, skills and confidence of staff providing palliative care and end of life care in HEE South East area of practice.

-19-

Oxford Centre for Education and Research in Palliative Care: Sobell House

Notes to the Accounts for the year ended 31st March 2023 (continued)

15 Analysis of net assets between funds

2023
Unrestricted
Restricted
funds
funds
£
£
Fixed assets (including investments)
178,155
-
Cash at bank and in hand
171,934
45,751
Other current assets/(liabilities)
(67,371)
-
_
_
Total
282,718
45,751
═════
═════
2022
Unrestricted
Restricted
funds
funds
£
£
Fixed assets (including investments)
191,464
-
Cash at bank and in hand
204,113
51,103
Other current assets/(liabilities)
(24,287)
-
_
_
Total
371,290
51,103
═════
═════		 Total
£
178,155
217,685
(67,371)
_
328,469
═════
Total
£
191,464
255,216
(24,287)
_
422,393
═════

16 Related party transactions

Sobell House Hospice Charity Limited (company number 05989017) is a company limited by guarantee and has some common directors with Oxford Centre for Education and Research in Palliative Care: Sobell House (OxCERPC).

During the year, Sobell House Hospice Charity Limited incurred costs of £nil (2022: £27,870) on behalf of OxCERPC and recharged costs of £12,720 (2022: £23,665). At the year end, £nil (2022: £1,747) was owed by OxCERPC to the charity.

-20-