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 2024 Wenn Townsend Chartered Aceountants Oxford
Oxford Centre for Education and Research in Palliative Care: Sobell House Contents Page Charity Reference and Administrative Details Truslees. Annual Report (including Directors. Report) Independent Auditor's Report Statement of Financial Activities (including Income and Expenditure Account) Balan 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 Ti'ustees: T Harrison J Holloran E A Laurence (appointed 23 January 2024) K Symons (appointed 31 March 2023) S Yates Registered Office: 30 St Giles Oxford OX13LE Auditors: Wenn Townsend Chartered Accountants and Registered Auditors 30 St Giles Oxford OX13LE Maln Bankers: Barclays Bank plc Oxford City Centre Branch Oxford OX13HB Investment Managers: Quilter Cheviot Limited 1 Kingsway London WC2B 6AN
Oxford Centre for Education and Research in Palliative Care: Sobell House Trustees, Annual Report (including Directors, Report) for the year ended 31st March 2024 The Trustees present their report and the audited financial sialements of the Oxford Centre for Education and Research in Palliative Care (OXCERPC) charity for the year ended 31sl March 2024. The Trustees have adopted the provisions of the Slatement of Recommended Practice (SORP) °Accounting and Reporting by Charities" (FRS 1021 in preparing the annual repori and financial statements of the charity. This report describes the seventh year of work by OXCERPC. OXCERPC charity started In April 2017, though educalion and research have taken place in Sobell House for approximately 48 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 tho Board of Trustees) Tim Harrison Anne Laurence (Appoinled 23 January 2024) Kay Symons (Appointed 31 March 2023) Sharon Yates Objectives The aim of the Charity is to supporl patient care by developing and educaling health and social care staff to deliver care of high quality. Research supports patient care by looking al evidence. posing questions and seeking to find answers which will change praclice. The Objects of the Charity for public benefit are: To advance the education of the public in general (and particularly amongst those working in health and social carel in all areas relating to palliative care andlor pain relief., andlor To promote research for the public benefit in all aspects of palliative care andlor pain relief and to publish the results as the Trustees think fit- andlor To relieve the need andlor to relieve sickness and to preserve the health of the palients 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. Activities Educational work Teaching was delivered to approximately 1400 people (202314 1500, 202112 - 1,220, 202011- 6001. All courses delivered are evaluated lo assess impact. Most of the feedback remains excellent. Where improvements are needed the team implemenl these. The team continues to gather as much feedback as possible. OXCERPC is an invited site for the annual Cicely Saunders intemalional lecture. This provides visibility at an international level as well as an educational opportunily for staff in the palliative care department locally. In 2023, Professor Chochinov spoke on "Intensive Caring.. Reminding Patients They Matter" Kale Butcher continues as a member of the Oxford Centre for Spirituality and Wellbeing, highlighting the work of OXCERPC to public, and enhancing the programme of education we offer. Kate Butcher is a member of the Hospice UK Educator forum. Dr Miller taught the medical students and doctors in training on 10 occasions in 202314. Dr Miller is an elected memberof the Association of Palliative Medicine Education and Training Committee and is lead of the Postgraduate Medical Education Special Interest Forum. This ensures OXCERPC is not replicating courses provided by other palliative care providers.
Oxford Centre for Education and Research in Palliative Care: Sobell House Trustees, Annual Report (including Directors, Report) for the year ended 31st March 2024 {continued) Objectlves and activities for the public benefit {continued) International work Fei Yang, a medical sociology research student from China was supported by the department from February 2023 lo January 2024. OXCERPC hosted and supported the 1 Oth annual Conferen of Palliative Care Works on 14th Oclober 2023, 'The changing landscape of worldwide palliative care education.. (Palliativecareworks.org- A charity of experienced palliative care practitioners. managers and educators aiming to SLSPPOrt and develop palliative care seNices in resource-limited settings. in collaboration with existing initiatives and organisations). Dr Miller worked with an English funder to support the development of palliative care in Kashmir Valley. Dr Miller was an invited speaker at the Marymount Hospice Intemational Conference 11112 October 2023. OXCERPC inviled inlernalional speakers from Europe. USA and Australia. We continue to welcome international delegates- 46 in 2023.4 (500/0 from New Zealand). Research work Research tneetings are well established and supported by OXCERPC. Two members of staff are undertaking PhDs and several others engaged in smaller studies. The aim is lo raise interest in research. help support staff acquire skills and support staff to bring work lo publication. Dr MiSler continues as the regional representative of the Palliative Care Research Society OXCERPC supporls the departmental medical joumal club. weekly lists of publications relevant to Ihe field and other bullelins. These resources are available physiGally in OXCERPC and electronically. OXCERPC contributed to the departmental research slrategy developed by Professor Wee In 202314 4 posters were brought to national conference and abstracts published. Organisational: Kate Butcher continues to offer time to the NHS vaccination programme. 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 Iheir powers and duties. Financial Review The number of delegates has retumed to pre pandemic levels. The income from educalional activity covered expenditure. Advanced courses in pain and symptom management accounted for 600/0 {2023'. 590/0) of income from the current course portfolio. Our investment portfolio increased in value to £192,840 (2023: £171.813.) We have not drawn down on OLJr investment portfolio in 2023-24. The performan of our Inveslment Fund Manager, Quilter, showed a nel capital gain (realised and unrealised) of £21,798 for the year (2023- loss £16,821). In the opinion of the Trustees, our portfolio continues to oulperform the market. Reserves Policy Free reserves (or operating reserves) at the year-end were £369,884 (2023: £276.376). The Operating Reserve is intended to provide an intemal source offunds for situations such as an unexpected drop in income, increase in expenses. one-time unbudgeted expenses. or uninsured losses. The Trustees have determined that the operating reserve will be equal to at least six months of average operating costs. The operating reseNe requirement at 31 March 2024 is at least £124k.
Oxford Centre for Education and Research in Palliative Care: Sobell House Trustees. Annual Report (including Directors, Report) for the year ended 3151 March 2024 (Gontinued) Trustees are considering plans to spend reseNes to meet the chariiable objects. Restricted Funds totalled £18,960 at the end of the year (2023: £45.751). OXCERPC has a budgeted spending plan for 2024125 to support fund objectives. Plans for Future Periods Balan our course offerwith face to face and virtual events. Build capacity by developing a cohort of educators. Continue to offer our established, successful courses and develop new courses. Develop and pilot 'Hard of hearing in palliative care, and 'Educator development. in 24125. Market our courses to maintain a positive balance and enable development. Maintain an active website and social media profile Ihal offers information and support to our customers. Deliver the planned course programme for 2024125. Develop collaborations. Continue work with Dorothy House Hospice. Three masterclasses are planned for 24.25, Republic of Ireland, Scotland and Dorothy House Hospice. Continue to develop a research culture by helping staff develop posters and presentations at Conferen$. The plans aim to support the objects. providing highly effectNe educalion to support health and social care staff in providing the best possible experien for those who are at the end of their life. underpinned by a sustainable business model. Structure, Governance and Management The Charitable Company is govemed by its Memorandum and Articles of Association which were adopted on incorporation on 1st April 2017. 11 is registered as a Charity with the Charity Commission. The liabiliiy 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 5 members. The Board of Trustees. when complete, comprises a chairman and 3 - 5 other 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. Prospeclive 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 Tnjstees. The Board of Trustees meets four times a year. All policy and stralegy decisions are fomially tabled for approval at the Trustees, quarterly meetings. Decisions conceming 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 managemenl personnel of the Charity in charge of direcling 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 disdosed 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. The pay of the employees is in line with their employerfs NHS temis and conditions. One employee is employed by Katharine House Hospice Charity but seconded to OXCERPC. Thal employee's pay and conditions are in line with those of Katharine House Hospice Charity.
Oxford Centre for Education and Research in Palliative Care: Sobell House Trustees. Annual Report (including Directors. Report) for the year ended 31st March 2024 (Gontinued) Risk management. Delegates find it difficull 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. Trustees. responslbilitles 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 Uniled Kingdom Accounting Standards (United Kingdom Generally Accepted AGcounting 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 Ihese finanGial statements. the trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP 2019 (FRS 102). make judgements and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in operation. 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 Ihat the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assels 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- there is no relevant audit information of which the charitable company's auditor is unaware. and the trustees have taken all steps that they ought lo have taken to make themselves aware of any relevant audit infomialion and to establish that the auditor is aware of that information. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the Gharitable company's website. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. On behalf of the Board Signature: Dr Tim Harrison, Trustee Date: 23 July 2024
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 stalements of Oxtord Cenlre for Education and Research in Palliative Care.- Sobell House (the 'charilable company.) for the year ended 31 st March 2024 which comprise the Slatement 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: give a true and fair view of the state of the charitable company's affairs as at 31st March 2024. and of its incoming resources and application of resources, including its income and expenditure, for tha year then ended; have been property prepared in accordance with United Kingdom Generally Accepted Accounting Praclice. and have been prepared in accordance wilh the requirements of the Companies Acl 2006. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UKI) and applicable law. Our responsibilities under those standards are further described in the Auditorfs 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 Ihe UK, including the FRC'S Ethical Slandard. 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. Concluslons relating to going concern In auditing the financial statements. we have concluded that the tnAStees' use of the going concern basis of accounling 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 tnJste8S With SPect 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 otheise 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 slatemenls or our knowledge obtained in the audit or otheise appears to be materially misslalÉd. 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 misslatement of the other information. If, based on the work we have performed, we conclude Ihat there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
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.. the information given in the trustees. report {incorporating the directors, report) for the financial year for which the financial statements are prepared is consistent with the financial statements- and the directors, report has been prepared in accordance with applicable legal requirements. 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 idenlified material misstatements in the directors, report. We have nothing to report in respecl of the following matters in relation to which the Companies Acl 2006 requires us to report to you if. in our opinion- adequale accounting records have not been kept. or retums adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and retums., or certain disclosures of directors. remuneration specified by law are not made; or we have nol received all the information and explanations we require for our audit. or the trustees were not entitled lo prepare the financial statements in accordance with the small companies. regime and take advantage of the small companies. exemptions in pparing the directors, repori and from the requirement to prepare a stralegiG report. Responsibilities of trustees As explained more fully in the truslees, 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 abilily to continue as a going concem. disclosing. as applicable, matters related to going concem 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 altemative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance aboul whether the financial slatements as a whole are free from material misstatement, whelher 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. Misstalemenls can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably ba expected lo'influence Ihe 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 Ihe extent to which these are capable of detecting irregularities. including fraud is detailed below: Enquiry of management, those charged with governance and the entity's solicitors around actual and potential litigation and daims. Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations. Reviewing minules of meetings of those charged with governance. Reviewing financial stalement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness. evaluating the business rationale of significant transactions outside the normal Gourse of business. and reviewing accounting estimates for bias.
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 audil. there is a risk Ihal we will not detect all irregularities, including those leading to a material misstatement in the financial slalements or non-compliance with regulation. This risk increases the more that complianGe 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.uklauditorsresponsibililies. 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 Ihe Companies Act 2006. Our audit work has been undertaken so that we might slate to the Gharitable 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 permilted by law, we do not accepl 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 fonned. Benjamin Hayes Bsc FCA (Senior Statutory Auditor) For and on behalf of Wenn Townsend Chartered Accountants and Statutory Audltor 30 St Giles Oxford OX13LE 23 July 2024
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Oxford Centre for Education and Research in Palliative Care". Sobell House Balance Sheel As at 31st March 2024 Note 2024 2023 Flxed assets Intangible assets Tangible assets Investments 1,316 9,209 192,840 2,232 4,110 171,813 10 203.365 178,155 Current assets Debtors Cash at bank and in hand 11 37,096 211,353 13,503 217,685 248.449 231,188 Creditors: amounts falling due within one year 12 (52.445) (80,874) Net current assets 196,004 150,314 Net assets 399.369 328,469 Charity Funds Restricted funds Unrestricted funds 14 14 18,960 380,409 45.751 282.718 Total charlty funds 15 399.369 328,469 The financial statements were approved and authorised for issue by the Board on 23 July 2024. Signed on behalf of the Board of Trustees Dr Tim Harrison Trustee The notes on pages 11 to 20 form part of these financlal 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 Mar¢h 2024 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 ofthe 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 charily information on page 1 of these financial statements. The nature of the charity's operations and principal aclivities are included in the Trustees, Report. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been preparèd in accordan with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Slandard applicable in the United Kingdom and Republic of Ireland (FRS 102). the Charilies 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 rtain items at fair value. The financial statements are presented in sterfing 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 slated. (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 restriGtions 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 financi21 statements. (c) Income recognition All income is included in the Statement of Financial Activities {SoFA) when the charity is legally entilled to the income after any performance conditions have been mel. the amount can be measured reliably and it is probable that the income will be received. Course income Course income is by far the main source of income. Course income is recognised once the course has been delivered. or in the case of the virtual course in the first month that the course is available to the participant.
Oxford Centre for Education and Research in Palliative Care: Sobell House Notes to the Accounts for the year ended 31st March 2024 (continued) Summary of significant accounting policies (continued) Donations and Grants For donations and Grants to be recognised the charily will have been notified of the amounts and the settlement date in writing. If there are Gonditions attached to the donation or granl and this requires a level of performance before entillement can be obtsined, 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. Gifts in kind Donated facilities and donated professional seNices are recognised in income at Iheir fair value when their economic benefit is probable. it can be measured reliably and the charity has control over the item. Fair value is delemiined on the basis of the value of Ihe gift to the charity. For example. the amount the charity would be willing to pay in the open marketforsuch facilities and services. A corresponding amount is recognised in expenditure. No amounl is included in the financial statements for volunteer lime in line with the SORP (FRS 102)- Further detail is given in Ihe Trustees. Annual Report. Investment income Investment income is earned through holding assets for inveslment purposes. It includes dividends and inlerest. Where il 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 cosls 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 Ihe amount of the obligation can be measured reliably. Irrecoverable VAT is charged as an expense against Ihe activity for which 6xpenditure arose. Expenditure on charilable activities inGludes the cost of programmes run at the Centre, and the salary costs recharged to the charity from Oxford University Hospital and Katharine House Hospice. Support costs are those that assist the wort( of the charity but do not direclly represent charitable activities and include Offi costs, governance costs and administrative costs. They are incurred directly in support of expenditure on the objects of the Gharity and include project management. Where support costs cannot be directly attribuled to particular headings they have been allocated to charitable activities on a basis consistent with use of the resources. 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 12
Oxford Centre for Education and Research In Palliative Care: Sobell House Notes to the Accounts for the year ended 31 st March 2024 (continued} Summary of significant accounting policies (continued) {fj 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 attribulable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets. at rates calculated lo 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 (g) Investments Investments are recognised inilially 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 l (losses) on investments, in the SOFA if the shares are publicly traded or their fair value can OtheIse be measured reliably. Other investments are measured at cosl less impairment. (h} Debtors and Creditors receivablelpayable 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 exempl 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. ti) Going concern The financial slalements have been prepared on a going concem basis as the trustees believe that no material uncertainties exisl. The Irustees have considered Ihe level of funds held and the expected level of income and expenditure for 12 months from authorising these fsnancial statemenls. The resulting budgeted income and expenditure figures are deemed sufficient when coupled with the level of reserves held for the charity lo be able to continue as a going concern. Income from charitsble activities 2024 2023 Course fees- advanced courses Course fees- other programmed courses Grants received Donations received 225.785 157.305 5.647 364 162,257 113,825 70,000 405 389,101 346,487 13
Oxford Centre for Education and Research in Palliative Care: Sobell House Notes to the Accounts for the year ended 31st March 2024 (continued) Income from investments 2024 2023 Dividends received 9,625 1.458 Analysis of expenditure on charitable activilies 2024 2023 Advanced courses Other programmed courses Specific fund costs (including HDH project manager) Salary costs Accountancy and bookkeeping Legal costs Bank charges Investment management charges Website amortisation Depreciation Training Other support costs Governan costs (note 5) 35.589 83,246 45,422 59,597 82,870 197,002 19,596 193.139 12,604 5,281 2,708 1,252 916 2,442 1,440 6,514 4.493 2,739 1,021 517 666 4,435 6,830 4,353 349,624 425,048 Governance costs 2024 2023 Auditor's remuneration audit fees Under provision in prior year 3,853 640 3,840 513 4.493 4,353 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 £63,711 (2023: £54,026). The Trust considers its key management personnel comprises the director and trustees. 14
Oxford Centre for Education and Research in Palliative Care: Sobell House Notes to the Accounts for the year ended 31st March 2024 (continued) No trustees are accruing pension arrangements. The trustees did not have any expenses reimbursed during the current or preceding year. Staff costs and employee benefits The average monthly number of employees and full-time equivalent (FTE) during the period was as follows: 2024 2024 2023 2023 Number FTE Number FTE The total staff costs and employee benefits were as follows: 2024 2023 Wages and salaries 193,139 197,002 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 (2023.. None). Intangible fixed assets Website development expenditure Cost.. At 1 st April 2023 Additions 7.699 At 31st March 2024 7,699 Amortisation: At 1st April 2023 Charge for the year 5,467 916 At 31st March 2024 6,383 Net book value: At 31 st March 2024 1.316 At 1st April 2024 2,232 15
Oxford Centre for Education and Research in Palliative Care: Sobell House Notes to the Accounts for the year ended 31 st March 2024 (continued) Tangible fixed assets Office Equipment Cost: At 1 st April 2023 Additions 4.778 7,541 At 31st March 2024 12.317 Depreciatlon.. At 1st April 2023 Charge for the year 666 2,442 At 31st March 2024 3,108 Nel book value: At 31st March 2024 9,209 At 1st April 2023 4,110 10 Flxed asset investments Listed Investments 2024 2023 Cosl or valuation: At 1st April 2023 Additions Disposals Revaluation Movement in cash held within portfolio 171.813 61.436 (48,326) 7,760 157 191,464 20,550 (23,028) (16,821) (352) At 31st March 2024 192,840 171,813 Investments at fair value comprise: 2024 2023 Equities Securities Cash within investment portfolio 166.485 22.815 3,540 146,209 22,221 3,383 192.840 171,813 The fair value of listed investments is detemiined by reference to the quoted price for identical assets in an active marl(et at the balance sheet date. 16
kative Care: Sobell House .sontinued) 2024 2023 26.336 10.760 11,760 1.743 37,096 13,503 2024 2023 33,640 18,230 72,545 7.162 1,167 575 52,445 80.874 2024 2023 72,545 344,685 (383,590) 51,573 297,810 (276,838) 33,640 72,545 '<he programme run date.
Oxford Centre for Education and Research in Palliative Care: Sobell House Notes to the Accounts for the year ended 31st March 2024 (continued) 14 Fund reconciliation i) 2023124 Unrestricted funds Balance at 01104123 Income Investment gains Transfers Balance at 3113124 Expenditure Unrestricted 282,718 393,079 {317,186) 21,798 380.409 Restrlcted funds Balance at 01104123 Balance at 3113124 Income Expenditure Transfers Strategic Health Authority grant ICST Courses TVCA ACST Courses OCCG SCAS Training NHS England Nuffield Capital fund 18.667 4.070 9.425 12.753 836 {13.147) {2.750) (9,425) (1,508) {810) (4.798) 5,520 1,320 11,245 26 849 5,647 45,751 5.647 (32,438) 18,960 Strategic Health Authority grant To support the provision of end of life care through education and training in the community of Oxfordshire. ICST Courses Thamas Valley Cancer Alliance to fund 50 delegate places on intemiediate 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 Soulh Central Ambulan Fund, in collaboration with Oxford Palliative Clinical Network to fund clinical network and project manager salary costs. NHS England To support staff aGross the southeast to access education and training in end-of-life care. Nuffield Capital fund To fund the purchase of computer and audio-visual equipment. 18
Oxford Centre for Education and Research in Palliative Care: Sobell House Notes to the Accounts for the year ended 31st March 2024 (Gontinued) 14 Fund reconciliation (continued) li) 2022123 Unrestricted funds Balance at 01104122 Income Investment losses Transfers Balance at 3113123 Expenditure Unrestricted 371,290 128,945 {202.287) (16,821) 1,591 282,718 Restrlcted funds Balance at 01104122 Balance at 3113123 Income Expenditure Transfers Strategic Health Authority grant League of Friends Communications skills HART HEE Grant- Syringe Driver FILD HEE Grant ICST Courses TVCA ACST Courses OCCG SCAS Training NHS England 47,982 813 1.271 317 720 (29,315) (810) 18.667 {3) (1.271) (317) (720) (1,430) (34,075) {57,247) (99.164) 5.500 43,500 70,000 100.000 4,070 9,425 12.753 836 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 Frlends CommuniGations skills To support entry level communications skills Iraining for staff in Oxford university Hospitals NHS Trust. HART To improve knowledge and skills of staff working in the Home re8blement 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 Gare in HEE South East area of practice. ICST Courses Thames Valley Cancer Alliance to fund 50 delegate places on intemiediate communication skills training courses. TVCA ACST Courses Thames Valley CanGer 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 endOf-1Ife care. 19
Oxford Centre for Education and Research in Palliative Care: Sobell House Notes to the Accounts for the year ended 31st March 2024 (continued) 15 Analysis of net assets between funds 2024 Unrestricted funds Restricted funds Total Fixed assets Investments Cash at bank and in hand Other Gurrent assetsl(liabilities) 10.525 192.840. 192,393. (15.349). 10,525 192,840 211,353 (15,349) 18,960 Total 380,409 18,960 399.369 Free reSe@S £369.884 2023 Unrestricted funds Restricted funds Total Fixed assets Investments Cash at bank and in hand Other current assetsl(liabilities) 6,342 171.813" 171,934. {67.371)' 6,342 171,813 217,685 (67.371) 45,751 Total 282.718 45.751 328.469 Free reseNes £276.376 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 (2023: £nil) on behalf of OXCERPC and recharged costs of £nil {2023: £12.720). At the year end. £nil (2023.. £nil) was owed by OXCERPC to the charity. 20