ST LUKE'S HOSPICE ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 Sheffield's Hospice Charity registration number- 2S44D2 Company registration number.. 00922448 ST LUKE'S HOSPICE ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 Contents Page Chairfs Report 2020-21 Trustees, Annual Report 202￿21 (including Director5, Repl￿ ondstrategic Report) Our vision of care Service5 and activities in the year Our people Fundraising Retail Financial overview Structure, governance and management 14 Legal and admlnistration 18 Independent Auditorfs Report 24 Statement of Financial Actlvities Ilncluding Income and Expenditure Account) 28 Balance Sheets 30 Statement of Cash Flows 31 Notes to the Financial Statements 32 ST LUKE'S HOSPICE CHAIR'S REPORT 2020-21 YEAR ENDED 31 MARCH 2021 l arn pleased to present the 2021>21 Annual Report and Financial Statements for St Luke's. I finished my report last year by saying Yhe impart of the pandemic is by no means over and we face change and continuing fight" That has proved to be the case and it has been a very challenging year for our staff, volunteers. patients and supporters. However, l am delighted that we have continued to provide our essential care and support to the peoplè Df Sheffield. Throughout the f1nancial year and up to the present day we have continued to develop. grow and innovate our services to ensure that we deliver support and care to those affected by terminal illness in Sheffield. Despite the challenges of the pandemic, in 2020-21 we tared for 1,905 patients a very slmllar number to the previous year. Glven that we have had to contend with lockdowns. PPE challenges, social distancin8 and 5elf-isolation, this truly is a remarkable achievement. Our Community Team made over 16,OCK> contacts Ivideo and phone callsl with patients and their famllies to support their care, alongside almost 5,000 in person visits to their homes and care hornes, often in very difficult conditions. I could write many word5 about the impact and Irnportan￿ of the patlent-centred Ca￿ our Community Team provide, but l think thi5 quote from a friend of a patient who we cared for sum5 It up very well.. "l um so grotefulfor the support 9iven to myfriend by the Community Team t7nd given to me. They wanted to die iJt home. which wosn't the most practical Setting but everything wos mode possible. It wus never obout what Wus eosier to do, it WQ5 ubout what the patient wonted. everything wos person centred. Thank you so much for securing stoff with v(rlue5 Wlth compassion ond emptsthy os well 05 clinicalski11s. Thonk youfor doing whutyou do.- St Luke's In Patient Centre has remained open throughout the pandemic and although we have had a 51i8htly reduced bed occupancy we cared for 326 patients, providing 2417 specialised palliatlve caie. We have taken many steps to increase our provision of care including eKtendinE our working hours in the community settin& introducing more èxtènsivè telèphone and online support. developinB and increasing the impart of our ECHO pro8r3mme%, and cxtcndin8 our bcrcavement support to two GP networks In the City. Inevitably we have had to adapt the model of some aspect5 of our care in response to the pandemic. It ha5 not been possible to provide our support service5 at Clifford House in person. so these have moved online, and the care and support offered from our Artive Intervention Centre has been delivered in other, oftèn innovative. ways. Like many businesses and oTgani5ation5. the financial impact of the pandemic h35 been 518nificant. We have taken a number of c05t-cuttin8 initiative5, including a voluntary redundancy programme that saw 19 staff rnembers leave St Luke's during the year. We thank all these Colleagues for their work over manv vears. With our chain of charity shops shut or severely restrlcted In trading for much of the year and our event5 programme and community fundraising initiatives cuitailed- a combined loss of over £3m of income- we have had to be aglle to maintaln slgnificant levels of 5elf-generated income and our fundraising team did an excellent job. We have also had an unprecedented year for legacy income. Money very kindly lÈft to us in Wills 15 an important and humbling part of our income. In a typical year we might receive around £lm of bequests, however in 2020-21 we received over £2m a very timely and gratèfully received level of legacy giving. Another siÈnificant factor in our recording a surplu5 15 that NHS England provided support Funding to ho5pice5 in England, helping to protect service5 that would otherwise have been at risk through the loss of voluntary fundraised and retail income. BHP LLP Page I ST LUKE'S HOSPICE CHAIR'S REPORT 2020-21 YEAR ENDED 31 MARCH 2021 Overall we were able to dedare strong surplu5 of over £2m. It is important lo reflect that both the one off sector fundlng by NHSE and the hlgh leg3cy incorne levels are not expected to be repeating events. We are thereforè budgÈtin8 for a deficit in the 2021-22 year of approaching £lm, as social distancinB and other restrictions continue to severely hamper our income generation effort5. This yearf5 surplus must therefore be understood in Ihe context of two to thrèe year pandemic period, across which we hope to make a Small Surplus to enable our vltal care to tontinue nd grow. On behalf of the Board of Trustees I would like to extend my heartfelt thanks to Professor Rob Coleman who stood down as a Trustee of St Luke's in December 2020 after many years of dedicated Service. Rob ha5 been an Integral member of the Board and Chaired the Healthcare Governance Crimmittee for many years. Although we are sad to lose Rob'5 seryice5 as a Trustee, l am delighted that he has agreed to continue his involvement at St Luke's by Chairing our Research Committee in his new capacity as a Lay Member. I would a150 like to express both my and the Board's gratitude to Andrew Coombè, HM Lord-Lieutenant of south Yorkshire, who stood down frtrm his role of honorary Vice-President in Decèmber 2020. Andrew had served In this office since 2009 and prior to this he was Chair of St Luke's Board of Trustees for several years. Thank you, Andrew, for your decades of service and for all that you have contributed to our wonderful charitv. In these challenging times, I would like to give my thanks to Peter Hartland and the whole Executive team for their leadershlp, commitment and courage in guiding St Luke's throu8h the past 18 months. l arn very pleased to congratulate Helen Day following hèr appointment as DSrertor of People and Culture on l Junè 2021. Helen has worked at St Luke'5 since 2015. most recently a5 Executive Lead for HR, Volunteering and L&D. The Board of TTilStees joln me in wishing Helen all the best in her new role. Finally. and m05t importantly, I would like to thank all the supporters, volunteers, staff and everyone involved with St Lukè's for helping us to emerge from the height of the pandemic without having cornpromised the quality and breadth of our carè and in a strong financial p051tion. We have adapted and grown and demonstrate¢J that we are vital and ready for the post-pandemic world. On l October 2021 it will be 50 years sincè St Luke'5 opened its doors to Llie p¥ople of Sheffleld and we are looking forward tts a series of events and city-wide celebrations to rnark thi5 milestone in the year ahead. Nell MacDonald Chair of the Board of Trustees St Luke's Hospice, Sheffield Date.. 2 September 2021 BHP LLP Page 2 ST LUKE'S HOSPICE TRUSTEES. ANNUAL REPORT {Includlng Directors Report and Strategic Report) YEAR ENDED 31 MARCH 2021 The Trustees present their report and thè audited financial ststements of the charity for the year ended 31 March 2021. The trustees have adopted the provision5 of the Statement of Recommended Practice ISORPI "Accountin8 and Reporting by Charities" IFRS 1021 in preparing the annual ceport and financial Statements of the charitv- The financial statements have beèn prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's 8overning dorument, the Charitie5 Act 2011 and Accountlng and Reporting by Charilies.. Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. St Lukés Quality Account St Luke's produces an annual Quallly A¢¢ount which is shared with the Department of Hèalth and Social Care but 15 publicly available. The Quality Account gives a more clinically-focu5ed review of activities and priorities. Including quality improvement initiatives. A copy of this report can be found at- htt www.stlukeshos ice.or .uk welcome -acrount. Whilst this Trustee Report Elves an overview of activitie5 and achievements, we refer readers to this and other publicly available documents whlch give a wider and more cornprehensive plrture of the great work done by the charity. which can be found through St Luke's website www.5tlukeshos ice.or Our VI￿on of ¢are St Luke's is dedicated to the wellbeing of the terminally ill in Sheffield and their loved one5. No patient or family is ever the same, and our joumey with each individual is unique. Above all, we are about life, and enabling our patients and their loved ones to live theirs and die with dignity and respect. Our vi5iiJn Supporting and caring for everyone affected by terminal illness in Sheffield. Our mission To deliver the best possible palliative care in Sheffield. whilst developin8 and driving continual improvements for everyone affeded by terminal illness. Our values Dignified- In everythin8 we do, we provide and nurture an environment that ensures a dignified, re5pettful and human experience for everyone in our care. Compassionate Compassion is at the heart of St Luke's, expressed by human kindnes5 and a selfles5, benevolent Concern for the wellbein8 of everyone we care for no matter what their circumstance5. Insplred Inspired by those we care for. we are proud to be part of our community and it is a privilege to 5UPPOrt individuals and their fafflilie5 throu8h many challenging and slgnlflcant moments. We are always mindfvl of the trust and confidence invested in us by them. Ploneerlng - We aspire to be the best and to set new benchmarks for end of Ilfe ¢are, inspired by the pioneering spirit of our founders. We are advocate5 for the terminally ill. we are thèir volce and their champions, and therefore we will never stop Striving to improve what we do. BHP LLP Page 3 ST LUKE'S HOSPICE TRUSTEES, ANNUAL REPORT Ilncluding Directors Report and Strategir Report YEAR ENDED 31 MARCH 2021 Our Strate St Luke's commenced detailed planning for our response to the Coronaviru5 pandemic in January 2020, a5 the likely scale of the problem became apparent. In response to thp Scale of ihe cri515, we developed a strategy specific to the 155ue5 we faced, focu5in8 on four objertlves.. Stay safe- for patients and families. èmployee5 and volunteers, colleagues and the publlc; and working for the wellbeing of these groups. Maintain vital servi¢es wherever possible. to keep ¢ore services running and 'step up, to deliver new services necessary during the pandemic. Ensure sustalnabllity - by managing our financial and other resour￿$ through challenging Situations to preserve services and the long-term future for the ¢harity. Lotsking out for our vulnerable colleaBue5 and clients- making Sure that we care for those denied our normal services, as well as vulnerable employee5 and volunteers. Each of these objective5 ha5 presented huge challenges, from the procurement of PPE, to supporting care horne5 in crisis, and securing critical income to maintain operations and everything in between. It has, however, been successful in delivering hi8h quality rare acr055 the crisis, supporting our teams, and keeping the organisation viable and sustainable. We are delighted that the numbers of patients have not fallen during the pandèmic. We have provided our usual exceptional quality of care. to nearly 2,rKJo patient5, in Covid-5afe ways that have protected our staff, volunteers, patients and their families. As we start to emer8e from the pandemic we are building our sustainable fundralslng and retall Income st￿8M5 to pre-pandemic leve15, we are refreshing our model Care in Active Intervention Centre and the support we provide to the Community at Clifford House, as we continue to provide outstandinB palliative care to some of the m05t vulnerable people in Sheffield. Until recovery becomes sustainable, St Luke's will continue to follow its pandemlc strategv. Revlew of servlces and actlvlty St Luke's provides palliative and end of life care for patients who have life limiting illnesses. This Is not limited to patlents who have cancer but includes neurological condition5 like rnotor neurone disease. human immunodeficiency virus IHIVI and end stage heart. kidney and lung conditions and for the first time Covid-19 was added to these causes in 2020-21. Care of patients with non-cancer illnessès ha5 risen to 30% for the 2020-21 year from 29% last year. Overall our clinical teams helped I,￿5 individual patients12019-20- 1,9061, through 2,864 spells of care12019-20= 3,0561- demonstrating that st Luke's continued to respond to the demand for our service5 desplte the pandemic. The continued scale of demand for our services - delivered under the mD5t difficult circum5tance5 during the pandemic combinèd with the increasing complexity of our paiient Broup to increase the pre55ures we facè evèry day. The year was exceptionally difficult for our teams, who delivered wonderful care and services despite the challenges. and found new ways of working and innovative solutions to ensurè St Luk¥s responded to the needs of the pèoplè of Sheffield. BHP LLP Page 4 ST LUKE'S HOSPICE TRUSTEES, ANNUAL REPORT (Includlng Directors Report and Strateglc Report) YEAR ENDED 31 MARCH 2021 On top of the high demand. the pandemic has accelerated the number of complex patlents In our care. These have often exhausted the ability of other hèalthcare professionals and providers tts cope with the severity of their needs and conditions, frequently escalatin8 them to 'crisis' status- requiring St Luke's immediate involvement and attention from the most senior members of our clinical teams. We have seen a fourfold Increase In such patlents during the vèar, which puts slgnificant demands- including emotion31 demands- on our teams. Some service hi8hli8ht5 for 2020-21 are as fullows.. General 30% of our patients have a non-cancer diagnosis 1,905 patients were helped by cllnlcal teams In 2020-21 Community and Homecare Team In the year our teams made 4,848 visits to patients at home and in care hornes acr055 Sheffield, and 16,217 phone and video calls to them in support of their care St Luke's received 2.133 referral requests to our communlty service from GPS and other healthcare professionals 45% of visits wèrè to patiènts who required urgent care frorn our Intensive Treatment Tearn In Patient Centre Iipci 24-hour care and support by our team of spedalist nursin& medlcal and health professional staff • Over thè last 12 months we cared for 326 patients at our IPC Durlng the year we operated at a 72% bed occupancy On average each patient stayed at the IPC for 17 days with 34% able to return home after specialist intervèntion treatmènt Bereavement Support Team 809 relatives were supported with bereavement counselling and supported after the death of a loved one The Bereavement Team of staff and volunteers dellvered 2,850 sesslons with clients in the year Our care durinB the pandemi Our response to the crlsls has been built upon a true team-ethic, with representatives from all areas of the organisatitsn meèting frequently throughout the pandemic to plan our response, and to consider how this will affect those for whom we care, and the quality of the care we provide. Only two areas of service closed during the pandemic - our services at Clifford House and the day-centre aspect of our Active Intervention Centre. This Was to minimise risk to vulnerable pationts, visitors and volunteèrs. In both cases alternative 5UPPOrt mechanisms were introduced to provide continued contact and advice, which has been welcomed. Throughout the pandemit St Luke's has maintained the capacity of its services. The In Patient Centre has been adapted to provide up to four isolation bed5 Wlth special access (to respond to the needs of Covid positive patlentsl, and the Communlty team has maintalned vlslting to homes and cafe homes thfoughout. PPE has been sourced, 8HP LLP Page 5 ST LUKE'S HOSPICE TRUSTEES, ANNUAL REPORT (Includlng Directors Report and Strateglc Report) YEAR ENDED 31 MARCH 2021 initially with drfficulty, to maintaln safety and we are proud that only a small number of our teawn members have contracted Covid-19. mostly with minor syrnptoms and who made a quick recovery. St L¢Jke's has changed working Practi￿$. and led and 5UPPOrted a number of tritical initiatives in the city during the ¢rlsis, including- Rolling Out moblle working to frontllne and support staff across the organlsatlon - within one month of lockdown. we had enabled around 90% of our staff to work and dellver services from home or away from areas of significant risk. This Involved the purchase and set-up of laptops, mobiles, home working equipment, video-conlerencing software, licences. and much more. Extended worklng hours In the community during the lockdowns, to provide visits and phone support until 8pm- helping the m05t vulnerable and those for whom normal healthcare provision was hard to access. Introduced more extensive telephone and onllne support for communlty-based patlents,. acr055 the year this delivered 16,217 individual contacts and consultations, adding hugely to the 4,848 regular and intensive home and care home visits conducted by the Team. ECHO- Using St Luke's in-house expertise and resource5, providing a r3nBe of sUPPOrt cros5-SVStem based on the ECHO tele-SUPPOft system, including al guldance for GP5 and community woiker5 on Advance Care Planning and Symptom Managernent,. bl supporting care home staff through the most difficult periods of the pandemic,. cl provlding memorial services to care homes who experiènced high numbers of deaths through Covid,. dl helping to train key workers supporting the homele55 in Safe use of PPE, and advising on safe practlCÈS Wlthin centres desi8nated for care of the homeless ¢ornmunity- and much more. The ECHO system delivered 166 session5 involving 4,679 attendances by healthcare professionals and key workers, and is now recognised as a crucial System for the coordlnatlon of care across multiple disciplines in the city. St Luke's is one of just four ECHO Superhubs In the UK. ECHO Voice5 Developing st Luke's local e.xpertise delivery of tele-rnentoring and tele-support through ECHO technology, created 'virtual clinics, for carè homes to attend to support with symptom management and provide the staff in care homes wlth emotional support. This was extended to bereavement servicès from St Lukè's to provide staff In care homes with emotional and bereavement Support. St Luke's was credited with plaw'ng a signtficant part in Sheffield's relative success in supporting the care home sector across the pandemic, and cited at the mernorlal event in March 2021. Medicines Mana8ement - Clty-wlde work to develop verbal order notifications on pink card5, develop rnedicine formulae to manage symptoms of Covid in the comrnunity, and support complex medication needs. Bereavement support - we extended our bereavement service to support two GP netwtsrks across the pandemic. to help sharo the expertise of our teams in counselling and post-death trauma care. St Luke's tontinues to manaRe a Covid-secure environment across all its Services and activities, based on a risk- assessment approach which is continuously updated and monitored. BHP LLP Page 6 STLUKE'S HOSPICE TRUSTEES, ANNUAL REPORT {Includir8 Directors Report and Strategic Report) YEAR ENDED 31 MARCH 2021 Our People It 15 our people who make St Luke'5 such an outstanding organisation. The quality of our care is only achieved with the support and dedication of our employees and volunteers who put our values into action and enable us to make the difference. As a result of safetylssues arislng from the pandemlc volunteering opportunlties have been unfortunatelv very limited in 2020-21. However. we have kept in touch with our loyal team of volunteers and we are delighted to see many retuinin8 4$ the rountiy emer8es from the worst of the pandemic. Fundralslng The pandemlc presented many challenges to our fundralslng team and our supporters, but we are delighted to have recorded £2.Im in legacy income (2019-20 El.3mJ, £0.8m in lottery incowne f2Q19-20 EO.9m), and £2m in all other fundraised income f2019-20 £1.9mJ. We would like to thank every single one of our loyal and fantastic donors for helping St Luke's to record an excèllent levèl of self-generated income during what have beèn very concerning times for everyone's finances. Unfortunately. our calendar of In-person fundraising events was suspended throughout the year but we moved many of our supporters, favourite events online such as the Festival of Light and Night Strider- and we were amazèd bv the generosity of the public in supporting St Luke's in making these'remote, events such as succe55. We also had to make the difficult decision to stop our door to door lottery cash collectlons. as it was just not possible to make these collèctions in a Covid-sÈcurè way. We would like to place on rètord our heartfelt thanks to our long standing team of volunteer lottery cash collectors for their tireles5 work in 5UPPOrting our lottery over many years. A large number of our cash players switched to playing by direct debit and we are grateful to them, and the 13,(KJO people who have continued to play the St Luke's weekly lottery throughout the pandemic. The lottery is a very Important part of our fvndralsing and we have exclting plans to continue to @rr)w our player numbers over the comlng months. ever we are Imrnensely grateful and truly humbled by the people who so kindly leave St Luke's a gift in their Wills when they die. Our legacy income in 2020-21 ha5 been at an unprecedented level and this incredible gèneroslty has been a major reason as to why we are emerging from the pandemic with our finance5 in good shape. The le8a¢y of these bequests is that they have helped the vital service5 provided by St Luke'5 to our patients and familie5 to be more sustainable in the months and years to come. For every £1 we Spent on fundraisin& we generated £5.94 in income which went straight to the people who need it most- a phenomenal result in a tumultuous year. Ethkal fundralsln8- Our pollcy and practlce St Luke's is committed to ensuring that all of our fundraising practice is ethical, appropriate and donor- centred. Thi5 applies to everyone fundraising for us., staff, volunteer5, commercial participators and profe55ional fundraisers representing St Luke's. Our Fundraising Team organlses fundralsing events and attivlties. co-ordlnate the actNlties of our supporters on our behalf, and in aid of our work. On occasion we may use external marketing companies to prclmote our Lottery around the city. and have some commercial participator agreements with corporate fundraisers who generate Income for our work. We are voluntsrily registered with the Fundraising Regulator, and ensure that our work 15 compliant with their Code of Fundraising Practice. We adhere to the relevant regulations from the Inforrnation Commissioner's Office, thè Advertising Standards Authority, the Gamblin8 Cornmi55ion and would abide by any final decision of the Independent Betting Adjudication Service. BHP LLP Page 7 ST LUKE'S HOSPICE TRUSTEES. ANNUAL REPORT Ilncluding Dirertors Report and Strategic Report) YEAR ENDED 31 MARCH 2021 We are organi5ational members of the Institute of FundraisinÉ. Hospi￿ Lotteries Association and The Lotteries Council. All Fundraising Team members attènded a mandatory traSning sesslon in 2019 which included our ethical fundraising policy Iwhlch incorporates protecting supporter5 from unreasonably intruslve, persistent or pressured fLtndraisin81, our cornplaints procedure, and changes to legal and voluntary regulation regarding fundralslng. The team also reviewed the Fundraisin8 Code in a training session in 2020. We have contrarts in place with all external marketing companies and commercial participators that include stringent compliance and monitoring clause5 and have ongoing internal procedures in Order to monitor ¢ompliance with legal requirements and voluntary regulations. We have a procedure for managing complaints which is part of our inductiorh for all Fundraising staff. All omplaints are fully documented, investigated and shared with the Executive Team for their review and overslght. 'How to make a complaint. Is refèrènced in our fundraising information, our main web51te. Lottery website and Privacy Policy. There have been 4 complaints about fundraising activity this year, all of which were categorised as low risk and fully managed to a succe55ful outcome and satisfaction of the Complainant. All current dired rnarketing is led by the Fundraising and Marketing & Communitation5 Teams, ensuring that it is not unrea50nably intruswe or per515tent. All marketing material 5$ GDPR compliant and contains clear instructions on how a person can be removed from mailing lists. Rètail Retail sales for the year, at £0.6m. werè at least £2.4rn less than they would have been had it not been for the pandemic. The three lockdowns. and thè restrictions introduced during the small windows of trade. iesulted in vastly reduced sales across the shop chain. Our e-tradlng peiformed well with £IOlk of sales In the year a5 the public switched to online purchasing. We were inundated with donations comlng out of each lockdown when the lifting of restriction5 allowed the public to visit us to drop off their pre-loved clothes and goods. We are. as alway5. extremely grateful to the Sheffield public for supporting our shop chain in thi5 way- Quite simply.. without these donations our chain would not be 5UStainable and would close. However, with the shop9 shut tor much of the year we were not able to sell the donated goods. Allied to this we were not able to Sort the donations as quickly as normal due to social distanclng rules, the nocd to quarantine donations. and our amy of volunteers not able to join us in sorting stock due to shielding and other safety reasons. This combination of issues resulted in a mounting challenge as to how to store the many tens of thousand5 of unsorted bag5 of donations. We took out a short temi lease on a warehouse on Manchester Road in Stocksbrid8e t0 Store much of this excess stock and we are very grateful to Drakehouse Retail Park for kindly providing us to with a large retail unit for storage purposes for much of the year. Our main sortlng and processing area the Donation Centre- has beèn streamlined and transformed in the year to be an Èfficient and Covid-safe operation. With our retail chain opening after the year end. and sèèin8 strong sales, we are now 5tartin8 to sell the'lotkdown, donations. plus tho new donations that are coming to St Luke's on a daily basis. We closed one of our two shops in Nether Edge early Sn the financial year as the lease was coming to an end and we could not justify renewing it with the shop likely to be shut for many months. However, now we are open and trading well agaln as we emerge from the pandemic, we are looking to open new shops over the next couple of years. We would like to thank the landlords who supported us with rent deferrals and holidèys during the year- these were much appreciated and helped prevent other shop closures. BHP LLP Page 8 ST LUKE'S HOSPICE TRUSTEES, ANNUAL REPORT (Includlng Directors Report and Strateglc Report) YEAR ENDED 31 MARCH 2021 Flnanclal OvervlEw In March 2020 St Luke's sèt 3 budget for the financial year to March 2021 with the expertation of recording a small financial deficit fgr the year. This was based on NHS wntract funding providing c.26% of ihe total income required to run St Luke's during the year. with the other 74% being generated through donations, legacies. fundraisinÈ projècts, our chain of charlty shop5 and other activities. In early 2020 our financlal model was critically undermined following the imposltion of the first pandemlc lockdown, which 'turned off nearly 75% of our income overnight. We worked dosely with NHS Shèffield CCG and other bodies and took advantage of all available Bovèrnment schemes to manage the 51tuation. St Luke's furloughed nearly 40% of its staff at the peak of the lockdowns. to save money. We also took the very difFi¢ult deosion to reduce our staff base to help protect Sustainability, with an 8% reduction effected in October 2020. resulting in 19 Colleagues leaving through voluntary redundanry. Such things are painful and add pressures to the team remaining. We thank those who left us for their worK and we thank those who are still employed by St Luke'5 for their dedication. We also took the decision to suspend all voluntèering from March 2020. still in for￿ at March 2021, wlth safety of our volunteers a priority. We miss our dedicated volunteers who add 50 much to the care for our beneficiaries and who help to Support our income generating activities. Thankfully we've been able to keep in touch with our volunteers and offer some support across the pandemic. Durln8 the year we are particularly grateful to NHS England INHSEI for it5 SUPPOrt to hospices. helping to protect the servlces that would otherwise have been at risk through the loss of voluntary fundraised income. Through special COVID-19 capacitV-SUPPOrtlng contracts, NHSE provided £2.7m of funding to St Luke's to purchase critical bed capacity plus community visits and contscting between April 2020 to March 2021. We are also grateful to Hospice UK, charity which a(fvocates support for hospice and palliative care. for its work to secure this funding. St Luke's dp.livp.rpd on its contractual commTtmènts under this arran8ement whi¢h provided much needed fundin& This, together with some incredlbly generou5 local benefactors. the public in Sheffield, and certain trusts and 8rant-makin8 bodies, has helped us to buffer our Income and avold the losses expected for the year. We expect the 'recovery mode, from Covid to continue until at least 2023, but at the present time owing to the outcome of the 2020-21 financial year and our ongoing cost savlngs, we feel more confident of sustainability although we do expect flnancial deficits in that period, which will bè supported by our reserves. We are 8rateful to NHS Sheffield CCG for its commitment to honour the third year of our correctlve fundlng uplift in 2021-22, which helps to give u5 a more manageable baseline. We are also appreciative of the CCG'S Specific Covid- related funding through 2020-21 which has helped us to cover the costs of PPE. and allowed us to deliver specific services such as ECHO Volces, until 31 March 2021. Our incorne overall increased by £2.2rn from 2020 to £12.8m Sn the year to 31 March 2021. The followlng summarlses the main factors behlnd this increase in income: Donations and legacies legacy income. Speclal events and sundry sales- decreased by £0.4m as we could not hold our 'in per50n' calendar of events in the year. Charity Shop sales - dècreased by £2.2m as the chaln was shut for much of the year due to the pandemic, with restricted trading when it could open. CJRS funding- a new income Ilne of £O.Sm, being the Job Retentlon Scheme funding. increased by £1.2m, much of ihe increase being due to a significant increase in BHP LLP Page 9 ST LUKE'S HOSPICE TRUSTEES, ANNUAL REPORT (Including Dlrectors Report and Strateglc Report} YEAR ENDED 31 MARCH 2021 CCG contract- increased by £0.2m, bein8 the second of three years of aBreed incrèa5e5 in contratt value. NHS England Contractual Fundin8- thi5 one off funding of £2.7m is Sl Luke's èlement of the restricted NHSE fvnding for the 5ectDr. Other Covid-19 Funding- at a similar level to the prior year, this is a combination of reta51 rates grants and the relmbursement of PPE and other essential pandemic expenditure by the CCG. Othei funding thi5 new income line represents income recèived from NHS Sheffield CCG in respect of inter pressure dlscharge. funding. Expenditurè on raisiftg funds reduced £0.4m in the year. as various InitiatSves Could not tske place in the year, such as lottery canvassing and in person events. There was 3Sso a 5rnall saving In the operating costs of running our chaln of harity shops, as they were unoccupled for much of the year, 50 we used less gas and electric. Our expenditure on charitable activitles- front Ilne Care- intreased by £0.2m to over £7.3m in the year. Expenditure on direct costs accounted lor 86% of all w5ts in the year, with 14% being 5UPPOrt costs- please refer to note 3 to the accounts for further inforrnation. The increasing costs of regulatory governance for our tharity are intluded in the 'support costs, figure. Employment costs continue to be the most significant C05t incurred by St Luke's accounting for two thirds of all our expenditure at £6.Sm in the year. Investments St Luke's delegate5 powers of investment to profe55ional independent fund managers who manage the charity's investment portfolio within prtrdetermlned parameters of 355et class and risk. In the year under review Investec Wealth and Investment, authorised invèstment advisers, managed the portfolio on a dlscretlonary basls. The overall objettives are to create sufficient incorne and capital growth to enable the Charity to carry out its purposes consistentlv vear by year with due and proper consideration for future need5 and the maintenance of, and if possible, enhancement of the value of the invested funds whlle they are retained. Standardcrlterfa ObiertNe 'Bolunced' retum between income and growth Risk Medium Mondate Discretionory Both capital and Income may be used for the furtherance of the charitws aims. BHP LLP Page 10 ST LUKE'S HOSPICE TRUSTEES. ANNUAL REPORT {Including Dirertors Report and Strategic Report) YEAR ENDED 31 MARCH 2021 The capital base is to be maintained in a mixed portfollo of Investments. The t)ortfolio asset allocation ranges are set out below: Asset Class Ran8es Comparatlve Indl¢es 7.5% BofA Merrill Lynch Gilt 5-15 Years 7.5% BofA Merrill Lynch £ Corp and Collateraliied Index 5% BofA Merrill Lynth Inflation Linked Gilt 1-10 Fixed Interest 10-35 Equltles 45-75 30% MSCI United Kingdom Equity IMI (Net) 30% MSCI ACWI WoTld Index Ex UK (Net) Property 0-12.5 MSCI UK IMI Llquid Real Estate (Net) Other A55ets 2.5-20 IWI Alternatives Composite Cash 0-20 Bonds. Thè investment manager will held a prudent range of fixed interest securities that might include Government Bonds. Corporate Bonds, Collective Funds. Preference Shares or PIBS. Income Tar et. Commensurate with the above asset allocation. Restrictions. No Indlvldual Investment, with the exception of government bonds. should exceed 5% of the total value of thè funds under nianJ8enienL. Fui CullEctlVE5 the lirnlt 15 10%. Direct investments in negotiable instruments knclwn as"derivative5" are not permitted. As a result of the signlflcant financial impact anticipated ljy the pandemic and the need to ensure adequate cash was available in the bank, much of the portfolio wa5 divested early in the 2020. As St Luke's financial 51tuation became clearer towards the end of the 2020-21 financial year we reinvested elements of our cash reserves into our investment portfollo, resultlng In a yeai-end balance of just under £2.6m held as fixed asset Invèstments. Due to St Luke's holding much reduced investment portfolio balance5 during the year. the income from investments reduced from £96k in the prior year to £27k in 2020-21. Ethlcal Investment Pollcy St Luke's trustees have determined that within a balanced and managed investment portfolio there should be following restri¢tlons-. Exclude companies that carry out activitiès contrary to the aims of the Charity. and therefore direct investment in the tobacco industry is excluded; Refrain from holding particular investments which could damage the ChariW5 reputation, and therefore direct investment in the armaments industry and the gambling industry is excluded as it is felt that holdlng these investments may be contiary to the wi5he5 of the Charity's supporters and / or benefi¢laries. BHP LLP Page 11 ST LUKE'5 HOSPICE TRUSTEES, ANNUAL REPORT Ilncluding Dirertor5 Report and Strategic Report) YEAR ENDED 31 MARCH 2021 The Trustees are mindful regarding environmental issues and have an ambition to invest an in¢reasin8 proportion of the portfolio in sustainable and socially responsible stocks over the coming five years. The Trustees have considered and discussed other potentially contentious Snvestment areas but In having regard to Charity Law and the prescribed best practice outlined by the ChaTlty Commission, do not feel that other stocks would meet the criteria for excltsslon at the current time. In addition to any exclusions noted above. the trustee5 expect our investment portfolio managers to have some consideration of ethical, social and corporate governance issues when undertaking the investment of the charity's funds in direct equitie5. In particular, companies that fail to adhere to internationally recognised standards of corporate governance. labour standards, and Eompanies that consistently fail to meet UN guiding principles for business and human rights should also be excluded from direct investment. When investment of St Luke's funds is undertaken via collective vehicles (unit and investment trusts) it is expettèd that our investment portfolio managers will engage with the appointèd fund manager5 on matter5 of corporate governancè. Thè trustees accept that some indirect investments may be in areas contrary to the principle5, aim5 and objectives of the charity although reasonable steps should be taken by investment portfolio managers to highlight these If they are deemed to be significant in the overall context of the charitys investment portfollo. Reserves St Luke'5 adopts a rlsk based approach to the management of its reserves that seeks to strfke an approprlate balance between financial prudence and investment in front line services. In assesslng the level of free reserves required the Trustees have taken due note of the major risks facing the Charity. considered the likelihood of the risks, and likelv worst case financial impacts. The risks fa11 broadly into the cateÉories of incorne generation, regulatory fine or license revocation, statutory fundin8 cuts. major Incident, repuiation and macro-econornic factor5. The reserves policy is reviewed formally on an annual basis and can be 5ummari5ed as follows.. St Lukp.'% frpp. r&sprves policy is to hold sufficient free reserves to cover the worst financial impad of an issue that ha5 an adverse financial irnpact. This 15 currently calculated at £1.5m. St Luke's designated re5erve5 policy is to hold appropriate 'designated reserves, for strategic and capital projerts as determined on an annual basls- these reseives can be designated, re4esignated or released at the discretion of thè Board of Tru5tee5. When necessary and lègally required, we will hold restricted funds. We will hold sufficient liquid assets at all times to provide both operational working capital and to cover the cost of a major signif1cant event and will ensure that cash balances never fall be5ow É3¢XJk. At 31 March 2021 5t Luke's held £11.5m in total reserve512020.. £9.Oml. Of this we have identified a total of £l.Sm 12019.. £1.4ml as designated funds to be set aside for specific future activities. Spend against thèse activitie5 15 anticipated to occur over the next three to five years and there is no obligation io spend these amounts as designated. The Board has therefore determined thai the pioportion of designated funds expected to be spent after 31 March 2022 should remain in freè reserves. Of thè total reserves held, £4.3m were hèld as free re5er¥e512020.' £1.2ml bein8 the total of general funds I£IO.Oml, les5 total tangible fixed asset$1£6.7ml, plus the longer-term portion of designatèd funds l£l.Oml. The level of free reserve5 at 31 March 2021, £4.3m. is above the level we set In our reserve5 policy. The Board is comfortable with the current level of free reserves following the pandemi¢ and lorth¢omin uncertainties. The post-covid world will require a different approach to reserves maintenance, one based on a closer BHP LLP Page 12 ST LUKE'S HOSPICE TRUSTEES. ANNUAL REPORT (Including Director5 Report and Strategic Report) YEAR ENDED 31 MARCH 2021 analy515 of risk and that also enables the organisation to manage its way through critical moments and financial problems. Cash at bank and in hand at 31 March 2021 was £2.7m which is well in excess of the £300k required by the policy due to the unpredlctability of the timing of legacy Cash receipts and the'one off pandemic related funding received in the year. The Beneral unrestricted re5erve5 held at 31 March 2021 totalled £IO.0rn12020.' £7.6ml. Deslgnated Funds Each year, St Luke'5 review5 the need to keep some of Its reserves set aslde for specific future act6vlties. We call these our designated fLbnds. The nèed for such fund5 varie5 fiom time to time depending on many factor5, including our future plan5. The named designated funds are estimated amounts set aside for specific strategic activities and programmes. and are conside￿d by the directors èach year to determine their continued adequacy and nece55ity based on arcumstance5 and current understanding. They are set, amended and released based upon the discretion of the Trustee5. At 31 March 2021, St Luke's identifled a total of £l.Sm of its reserves as designated funds. summarised as follows.. At 31 March 2021 the Covid-19 Recovery Fund has been closed, the r15k5 of the inltlal phases of the pandemic having been addressed. The Research and Educatiort fund ha5 been increased by £25,Th)O to E150,000. This fund 15 held to support futurè dèvÈlopment of research and education programmes, for the benefit of St Luke's patients and clients, as well as in support of the wider community. and to assist in the creation of necessary infrastructure over the next three to five years. We have maintalned the £400,000 in the Strategic Iniliative fund, as many of the reasons for earmarking these funds remaln as we emerge from the pandernic. The fvnd amalgamated the Cornmercial, Clifford House, Community Enga8ement and 50th Inltlatlve fvnds and we plan to take forward initiatives in all these areas in the corning months and years. The IT Infrastrurture fund Is held to support the ongoing update of IT infrastructure a5 we continue to improve our remote working capabilities, renew key hardware (such as the phone system, swltches. the physical servers) and enablè a stable infrastructure platform from which our technological and di8ltal ¢apability can be built. To this end we have kept the fund at £200,000. We have created a new '￿ and Dlgltal Transfomiation, fund with E750,000 designated for spending over three year timescale to provide a suitable envelope for major progression of the di8ltal and IT agenda. In partTcular, we will be developing our clinical systems including our primary clinical record. but we will also seek to improve our data and analyti¢s capability, our digital maturity, and to develop other key. non-clinical 5y5tems. Taking account of the expected usage of each fund in 2020-21 as noted above, a total of £l.Om of desi8n3ted funds are experted to be spent in the period after 31 March 2022, with £O.Sm projected to be spent durlns 2021-22. The £l.Om lon8er term portion is therefore treated as part of free reserves. For good reasons we have not spent significant sums from our designated funds in the 2020-21 financial year. However, the intention going forward is that we shall start to make significant drawdown on the above fund bal8n¢es as ihe 2021-22 financial year progresses. BHP LLP Page 13 ST LUKE'S HOSPICE TRUSTEES, ANNUAL REPORT {Includinz Dirertors Report and Strategic Report) YEAR ENDED 31 MARCH 2021 st Luke's plan for the use of these designated funds may change at any time at the discretion of the Board based on the needs of the Charity. Golng Concern The 2020-21 financial statement5 have been prepared on a going concern basis. We have recorded a g¢)od surplus In the financial year and we have a strong asset base. Our budgets for the 2021-22 flnancial year anticipate a deficit due to continued social distanclng and other Covid-5afe measures placing restrictions on our shop income and certain fundraising ineome strèam5 such as events and communitv 8roup5. HL)wever, our short, medium and long term cash Ilow forecasts all project sufficient liquid balance of funds and we have no reason to believe that there will be anv threat to our goSng concern statu5. Strn¢lure* ￿ver￿an￿ and management Governance at St Luke's is the responsibility of Sts Tcustees who are all volunteers and serve Sn an unpaid capacity. New members are appointed with a view to ensurin8 that the Board of Trustees contains an appropriate balance of experien￿ Televant to the requiremènts of St Luke's. Trustees meet frequently as a collective Board and through sub-committees tasked with pard¢ular areas of governan￿ and oversight. These meetings are attended by relevant members of the Executive and Management Group and, when appropriate. extemal members who are selected for theii particular expertise and appointed through approval by the Board. First line leadership of St Luke's is provided by the Chief Executlve, whose role is charged to ensure that St Luke's is run as a cost-effectivè tharity while providing the best possible care for patients and relatives. The Chief Executive is supported by the Executive Team. In August 2020. Lisa Nos who had been with St Luke's for 10 years, most receiitly in iule vl Director of People, Culture and Performance, lèft St Luke's to pursue other opportunities. We thank Lisa fer her dedication and hard work In serving the charity and wish hpr wpll in her future endeavours. We welcome Helen Day who joined as DirectDr of People and Culture shortly after the 2020-21 financial vear end. Helen has worked at St Luke's for a numbèr of year5, most recently as Executive Le3d for HR, Volunteerin Learnlng and Development, and we are delighted that she h85 joined the Executlve team. From l June 2021 thè Executive Team comprised the following roles.. Chief Executive; Director of Care and Lead for Healthcare Partnerships. Director of Income, Media and M3rketing,' Medical Director and Clinical Lead for Programme Development; Director of Finance and Chlef Operating Officer. and Direttor of People and Culture. The Executive Team is Supported by a clear and 4ccounlable organisation structure Includlng Heads of Department tearll. The emphasis is on leadership, accountability and empowerment. St Lukds ExecutiveTeam St Luke's Board of Trustees delegate5 the safe and effèctlve runnlng of the Charity to the Chief Executlve and the Executive Team. St Luke's is not only a large charity and significant employer. but also a provider of regulated hèalthcare services. Its services arè regulated by the CQC and the Charity Comrnission, as well as a nurnber of other bodies such as the Gambling Commission. NHS 5heffleld CCG. and many others. This brings particular requirements for Its senior staff, including the need to meet particular 'Fit and Proper Persons. criteria as specified in healthcare regulatlons. BHP LLP Page 14 ST LUKE'S HOSPICE TRUSTEES, ANNUAL REPORT Ilncludlng Dlrectors Report and Strategi¢ Report) YEAR ENDED 31 MARCH 2021 As well as taking lead responsibility for running and managing St Luke's and being accountable to our Éoveming bodie5. St Luke's Executive Team members undertake a number of formal roles required by ie8ulator5, by companv law and by other bodies such as the General Medical Council. These obligations include, amongst others. the key position5 of Accountable Officer, Re8lStered Manager, Responsible Officer, Senior Information Risk Owner and Cc*mpany Secretary. The Executive Team members are required to hold relevant professional quallflcatlons to ensure that they are competent to undertake these formal offices, as well as to manage and operatè St Luke's safely and effectively. The professional bodies of which the Executive Team are members all require their membership to work ethi¢ally and for the public benèfit- a key part of managing a Charity like St Luke'5. At 31 March 2021 the followlng employees served in St Luke's Executive Team: Name Role Length of Service Qualificatlons Governan¢e Support Lead St Luke's Board of Trustees.. Nominations Remuneration Committee St Luke's 50 Planning Committeè St Luke's Healthcare Governance Committee st Luke's Resource and Finance CommSttee. and Audit and Risk Committee St Luke's Research Committee Peter Hartland Chief Executive Officer 13 years (Honsl. ACA ssoclate of The Institute of Chartered Accountants England & Wales BA IHonsl, Mln5tF Kathryn Burkltt Director of Income. Media and Marketlng Dirertor of Care and Lead for Healthcare Partnerships Director of Finance and Chief Operatin8 Officer 12 years Jo Lenton 12 years Re815tered Nurse, BA (Honsl Supportive & Palliative Care 8A (Honsl FCA Fellow of The Instltute of Chartered Accountants in land & Wales MBChB. MRCP. Dlp. Pallmed Tony Saunders 11 years Sam Kyeremateng111 Medical Director and Q￿nical Lead for Programme Development Director of People and Culture (from l June 2021, previously Executive Lead for HR, Volunteerin8 an(J L&DI 111 Dr Kyeremateng's role as Medical Director of St Luke's Is shared with his ongoing comrnitrnents as a Palliative Care Consuli3nt at Sheffield Teaching Hospiials NHS Foundation Trust, his employer. 8 years Helen Day 5 years Chartered CIPD Remuneration for the Executive Team is determined by the Board of Tru5tee5 land through Its Nominations and Rèmuneration Committee). Leve15 of remuneration are set to ensure St Luke's attracts excellent people into these critical roles. with reference to market conditions and the specific skills requlred, and to retain their skills and experiencè. The Executive Team's performance is monitored by the Board, and their commitment to our cause is expected to be demonstrated not only through this performance but also by their support of activitie5 (such as events nd functions) outside of working hours on a voluntary basis. The Executive Team is also expected to represent 5t Luke'5 on r￿lO￿al and national bodies in furtherance of St Luke's objettives. BHP LLP Page 15 ST LUKE'S HOSPICE TRUSTEES. ANNUAL REPORT (Including Directors Report and Strategic Report) YEAR ENDED 31 MARCH 2021 Governance and rlsk management arrangements St Luke's has developed an approach to good 8overnance which embraces both clinical and non-clinical risks. St Luke's Risk Management Strategy embra￿5 a number of elements. The Board of Trustees oversees St Luke's Rhsk Management Strategy and is involved in the ev31uation of its risk environment via the corporate risk register. the assessrnent of risk appetite, and the approval of the annual rlsk attion plan. working through the Audit and Rlsk Committee. The Board works in conjunction with the Healthcare Governance Committee, the Resource and Finance Committee and the Executive Team in the delivery of the Risk Management Strategy. During the year there has been Continued development of the strate8y and the f¢rmul3tion of proce55es and monitoring Sy5tem5. The Chief Executive has lead responsibillty for the development of this approach, and has facilitated ongoing meetings of the Board and Committeès via video-link throughout the Covid-19 pandemic. Healthcare Governance Committeè St Luke's clinlcal governance arrangements are modelled on guidan￿ and good practice within the healthcare sector. Clinical governance is defined as the framework through which St Luke's will ensure continuous imprtsvement in the quality of serVi￿S to patients. This pro￿$5 is overseen by the Healthcarè Governance Committee. Audlt and Risk Committee The Audit and Risk Committee oversees and scrutini5es St Luke's response to the risk environrnent in which it operates, considers risk appetite, and monitors the status of internal contr915 (including financial controls placlng reliance on the work of its external auditors). Resource and Flnance Commlttee Thè Rè50urce and Finance Committee is re5ponsiblc for reviewlng and overseelng the financial and resource managernent of St Luke's in the widest Sense. The Committee is rèsponsible for overseeing income generation. investment strate@y, financial reportin& budgeting and financlal plannin& employee and volunteering matters and pollcles, marketing and public relation5 matters and oversight of St Luke's estate and facilities. Nominations and Remuneration Committee The Nominations and Remuneration Commlttee Is responsible for specific governance issues delegated to it by the Board, with particular emphasis on.. Ensuring that St Luke'5 governance structures a￿ 'frt and proper,, are effective in their roles, and act within delegated authority levels. The recommen¢Jatlon of individua15 to be considered for appointment as Trv5tees of the ChaTlty of as lav- mèmb@rs of any sub-committee of the Board, and the numbers of such Trustees or lay-members. The recommendation of individua15 to be considered as Chairs or Deputy Chalrs of either the Board or any S￿￿0MMIttee5 of the Board. The recommendatiC*n of individuals to be considered for honorary roles. Delegated wider duties by the Board, including oversight of remuneration of the Executive teawn and the appraisal of the trustees and the Chief Executive. BHP LLP Page 16 ST LUKE'S HOSPICE TRUSTEES, ANNUAL REPORT {Includirg Directors Report and Strategic Report) YEAR ENDED 31 MARCH 2021 Research Comm5ttee The Research Committee's remit is to oversee, monitor and develop St Luke'5 growing Re5èarth portfolio- helping to develop the organisation's strategy towards research with the ambition of St Luke's becoming a research-leading organisation. Trustee method of appointmènt A skills based matrix 5VStem is used by the Board in which the organisation's need for a balanced mix of 5ki115, both ¢lini¢al and non-clini¢al, is regularly reviewed. The Board uses an open process to search for. identify, ac￿SS and appoint new Trustees, using selection agencies when this is seen to be beneficial and appropriate. All prospective Trustees are invlted to undertake a rlggrous process of dlscussion and observation before undertaking a 'fit and proper per50n' check, and ultimately new Tru5tee5 are 3ppo)inted at a meeting of the full Board of Trustees. A new Trustee undergoes a full programme of induction into all aspects of the organisation and their duties and obligations as a Trustee, in line with Charity Commission guidance and bèst practicè. Trustee terms of office Tru5tee5 serve in term5 of four year5 but ultimatèly no Trustee may Servè for morè than ten consetutive years, plus a short run-on allowance in particular circumstances to allow for proper handover of responsibilities. Publlc bènefft In planning and delivering it$ Services and acti￿tI@5, the Trustee5 and ExetutTVè of St Lukè's have given due regard to the need to ensure that the organisation provides public benefit, following the Charity Comrnission's guidan￿ on these matters. St Luke's charitable objectives and our annual declaration of activlties and achievements Ipubliclv avallable from the Charities Commission and Companies House. and through the Impact Report and Quality Account) demonstrate that st Luke'5 provide5 Vlttil fre￿t0-acceSs services dVdildblE to all people in Ihe cily ol ShEifiEld. SL Luke's is clearly meelin8 the requirements of the public benefit te5t- a charity providing benefits for the public and supported by the publlc. Equal opportunltles St Luke's policy is to ensure no job applicant, employee, worker or service user 15 discriminated a83inst either directly or indirectly on the Èround5 of age, disability, gender assignment, marrlage and CNII partnership. pregnancy, maternity or paternity, race, religion or belief, sex or sexual orientation. St Luke's gives full consideration io applications for employment from disabled persons where the requirements of the job can be adequately fulfilled by a handicapped or disabled person. Where exi5tin8 employee5 become disabled, it Is St Luke's policy to make appropriate adjustments and arrangements to accomrnodate these changes as far as is practical. and subject to risk assessment. Environment St Luke's is comrnitted to providing care and support to the people of Sheffield for future generation5, and is therefore very aware of the need for sustainability - both as an organisation. and as a good corporate citizen in our community. In striving to use our funds responsibly and seek sustainable Methods in everything that we do, we recognise how important It Is to consider our impact on the environment and are commltted to using our resource5 responsibly. BHP LLP Page 17 ST LUKE'S HOSPICE TRUSTEES. ANNUAL REPORT Ilncludlng Dlrertor5 Report and Strategic Report) YEAR ENDED 31 MARCH 2021 legal and admlnlstration Status St Luke'5 Hospice is a charltable company limited by guarantee, incorporatèd on IS November 1967 as St Luke's Nursing Home Limited and registered as a Charlty in England and Wales on 24 November 1967. It is independent and has no legal connection with other hospices in the UK. St Luke's first opened its doors on l October 1971. Go¥ernln8 document st Luke's was established under a rnemorandum of association and is governed under its articles of assoclatlon which establish the objects and powers of the organi5ation. The company is estsblished for charitable purpM)ses only, h￿Tr8 the fellowing objective.. To relieve sickness and assist in the treatment and care of persons suffering from mental and physical illness of any description and in particular- By providing an establishment or éitablishments for sick persons where they can be given the accommodation, attendance, medtcal care and treatment and nursing which by reason of their sickness they requlre. By conductin& exploring or encouraging research and the evaluatlon of improvements in the care of the terminally ill person, that person's carer5 and relativès and to di55eminate the useful results of such research. By providin8 palliative care in the communlty and by prowding support for the carers and relatlves of terminally ill people. BHP LLP Page 18 ST LUKE'S HOSPICE TRUSTEES. ANNUAL REPORT Ilncluding Directors Report and Strategic Report) YEAR ENDED 31 MARCH 2021 Exe¢utfve Team at 31 March 2021 Peter Hartland Chief EMecutSve & Company Secretary Kathryn Burkitt Director of Income, Medla and Marketing Jo Lenton Director of Care and Lead for Healthcare Partnerships Dr Sam Kyerematèn Medical Direttor and Clinical Lead for ProBramme Development Tony Saunder5 Director of Finance and Chief Operating Offlcer Helen Day lappolnted l June 20211 Director of People and Culture Company number 00922448 Charlty number 254402 Resistered offlce St Luke's Hosplce Little Common Lane Off Abbey Lane Sheffield Sll 9NE Founder Professor Eric Wilke5 OBE 11920- 20091 Presldent Lady Neill DL VSce Presldents Andrew Ctsornbe, HM Lord-Lleutenant of South Yorkshire luntll 15 December 20201 Alex Pettifer MBE BHP LLP Page 19 ST LUKE'S HOSPICE TRUSTEES, ANNUAL REPORT {Including Dlrectors Report and Strategic Report) YEAR ENDED 31 MARCH 2021 Board of Trustees Neil MacDonald Chair of the Board of Trustee5. Ex-officio member of.. the Audit and Risk Committee. the Rewurte and Finance Committee, the Nominations and Remuneration Committee, the ea￿hcare Governance Commlttee, and the Research Committee Profe350r Robert Coleman Iresigned 15 Decembèr 20201 Deputy Chair of the Board. Chair of the Research Committee. Deputy Ch3ir of the Healthcare Governance Committee and member of the Nominations and Retnuneration Committee Dr Lucy Cormack Member of the Heahhcare Governance Committee and the Audit and Risk Comm1ttee Louise Edward5-Holland Member of the Resource and Finance Committee and the Nomlnations and RemLJneration Committee Laurence Gavin Mernber ofthe Resource and Finance Committee Professor Diana Greenfield Member of the Healthcare Governance Committee and the Research Committee Louisa Harrison-walker Member of the Resource and Finance Committee san Inglis Chair of the Healthcare Governance Committee and member of the NornSt)ations and Remuneration Committee and the Audit and Risk Committee Martin McKervey Member of the Resource and Finance Committee Amy Stanbridge Chair of the Audit and Risk Committee Dr Toni Schwarz Member of the Healthcare Governance Committee and the Research Committee Andrew Snelling Chair of the Resource and Finance Committee and Honorary Treasurer,. member of the Nominations and Remuneration Committee Professor Sarah Thornas Chair of the Nominatlons and Remuneratlon Committee and member of the Healthcare Governance Comrnittee The Tru5tee5 have given due regard to the Charity Commlssion's public benefit 8uidance when exercising any powers or duties to which the guidance 15 relevant. BHP LLP Page 20 ST LUKE'S HOSPICE TRUSTEES, ANNUAL REPORT Ilncluding Dlrectors Report and Strateglc Report) YEAR ENDED 31 MARCH 2021 st Lukd5 patrons and ambassador5 St Luke's is proud to be supported by patrons and ambassadors who champion our Charity both locally and nationally. Our patrons and ambassadors give their sUPPOrt voluntarily, and serve for mutually agreed periods of time. Wè are grateful to them for their time and commitment. Our senlor patrons are- Hugh Facey OBE & Mrs Frances Fa Harry Gration MBE Lord Robert and Lady Kerslakè Sir Martyn Lewls CBE Sir Hugh Sykes DL and Lady Sykes The full list of patrons and ambassadors changes regularly and can be found on our website at www.stlukesho -or .uk The Pfesklenvs Award President's award recipients: Professor Barry Hancock OBE. 2018 Michael Pestereff, 2017 The Queen's Award for Voluntary Servlce St Luke's Volunteers are proud to be the recipient of The Queen's Award for Voluntary Servi¢e, presented for HM The Queen by HM Lord-Lieutenant of South Yorkshire in 2019. BHP LLP Page 21 STLUKE'S HOSPICE TRUSTEES, ANNUAL REPORT (Includlng Directors Report and 5trateglc Report) YEAR ENDED 31 MARCH 2021 8afikers Sven5kJ Handelsbanken AB Ipubll Seventh Flo¢)r 3 St Paul's Place 129 Norfolk Street Sheffield Sl 21E National Westminster Bank PIC 997 Abbey(Jale Road Sheffield S7 2QE Solicitors Knights plc (formally Keebles LLPI Cornmercial House 14 Commercial Street Shèffièld Sl 2AT Freeths Fifth Floor 3 St Paul's Place 129 Norfolk Street Sheffield Sl 2JE Irwin Mitchell Riverside E3St House 2 Millsands Sheflield S3 8DT Trustee￿ Responslbllltles ststement The Trustees (who are the statutory Directors of St Luke's for the purposes of company lawl are responsible for preparing the Trustees, Annual Report (including the Strategic Report) and the financial statements in accordance with the applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). Company law require5 ihe Trustees to prepare financial statements for each financial year. Llnder company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and applScation of resources. including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. Selert suitable accounting policies and then apply them consistentlv. Observe the methods of principles in the Charities SORP 2019 IFRS1021. Make judgements and estimates that are reasonable and prudent. State whether applicable Unlted Kingdom AccountinB Sl3ndards have been followed. subject to any rnaterial departure5 disclosed and explained in the financial statements. Prepare financial statèments on the Boing concern bas1s unles5 It is inappropriate to presume that the charitable company will cot)tinue In operation. The Trustees are responsible for keeping adequate accountlng records that distlose with reasonable accuracy at anv time the ff nancial position of the charitable company and Ènable them to ensure that the financial statements complv BHP LLP Page 22 ST LUKE'S HOSPICE TRU5TEES' ANNUAL REPORT (Including Dlrectors Report and Strateglc Report) YEAR ENDED 31 MARCH 2021 with the Companies Act 2006. They are also responslble for Safeguarding the assets of the charitable company and hence for taklng reasonable steps for the prevention of fraud and C*ther irregularities. In 50 far as the Tru5tee5 are aware= There is no relevant audit information of which the charitable compan￿$ auditor 15 unaware. and The Trustees have taken all steps that they ought tg have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware tsf that information. The Trustee5 are responsible for the maiT)tenance and inte8rity of the corporate and financial information included on the charitable compan15 website. Legislation in the United Kingdom governing the preparation and dissernination of financial statements may differ from legislation in other jurlsdictions. Insurance forTrustee5 and Officers Insurance for Trustees and Officers against liabilities in relation to the company. as pemiitted by the Companie5 Act 2006. is maintalned under a pollcy held by St Luke's. This report 15 presented on behalf of the St Luke'5 Board of Trustees. In approving the Tiustees, Annual ReporL we a150 approve the Strategic Report included therein, in our capacity as company directors. On behalf of the Board on 2 September 2021. NÈll M3cDonald Chair of the Board of Trustees Andrew Snelllng Honorary Treasurer BHP LLP Page 23 ST LUKE'S HOSPICE INDEPENDENT AUDITOR'5 REPORT TO THE MEMBERS OF ST LUKE'S HOSPICE YEAR ENDED 31 MARCH 2021 OpSnlon We have audited the financial statements of 51 Luke'5 H05pice (the 'parent charttable company'l and its subsidiaries (the 'group'l for the year ended 31 March 2021 which comprise thÈ group statement of financral activities, the group and the parent charitable company balance shèet, the group cash flow statement and notes to the ftnancial statements, includinB 3 5umrnary of significant accounting policies. The financi31 reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Finon¢AoI Reporting 5tondorcl opplicable in the UK ond Rep(Jblic of Ireland (united Kingdom Generally A¢¢epted Accounting Practice). In our opinion the flnancial ststements.. give a true and fair view of the state of the group's and parent charitable companws affairs a5 at 31 March 2021 and of the group's inroming resources and appllcation of resources, including its income and expenditure, for the year then ended,. have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordan￿ wlth the requirements of the Companies Act 2006. Basls for oplnion We conducted our audit in a¢cordance wlth International Standard5 on Auditing IUKI IISAS IUKII and applicable law. Our responsibi11ties 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 group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financlal statements in the UK, including the FRC5 Ethlcal Stsndard, and we have fulfille¢J our other ethical responsibilities in accordan￿ with these requirements. We believe that thÉb audit evidence we have obtained is 5ufflcient and appropriate to provide a basis for our opinion. Condusions relating to Bolng concèrn In auditin8 the ffinan¢ial Siatements, we have concluded that the trustees, use of the going concern basis of accounting In the preparation of the ffinantial statements is appropriate. 835ed on the work we have performed. we have not identified any materlal un¢ertaintie5 relating to events or conditions that, individually or collectively, may cast significant doubt on the groups or parent eharitable companfs ability to continue as a going concern for a period of at le35t twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to the going concern are described in the ielevant sections of thls report. other inforniatlon The other Information comprises the information included in the Tru5tee5' annual report. other than the financial statemènt5 and our auditorfs report thereon. The Trustees are responsible for the othei information. Our opinion on the financial statement5 does not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not expres5 any form of assurance conclusion thereon. BHP LLP Page 24 ST LUKE'S H05PICE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST LUKE'S HOSPICE YEAR ENDED 31 MARCH 2021 Our responsibility is to read thè other information and, in doing so. consider whether the other information is materially Incons15tent with the financial Statements or our know1edBe obtained in the £our5e of the audit or otherwise appears to be materially misstated. If we identify such material inconslStencie5 or apparent material misstatements, we are required to determine whether this give5 rise to a material misstatement in the financlal statements themselves. If, based on the work we have performed. we concludè 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. Opinions on other matters prescrlbed by the Companles Act 2ty)6 In our opinlon, bèsed on the work undertaken in the course of the audit.. the information gwen in the tru5tee5' repoTt lincorporatin8 the Strategic report and the directors, report) for the flnanclal year for which the financial statements are prepared is consistent with the financial statemènts,. and the strategic report and the directors. report have been prèpared in accordance with applicable le8al quirements. Matters on which we are requlred to report by exceptlon In the light of the knowledge and understanding of the group and parent charitable company and its environment obtalned the Course of the audit, we have not identified material misstatements in the strategic report and the dirertor5' report. We have nothing to report in respert of the following matters in relation to which the Companie5 Act 2006 require5 U5 to Teport to you if, in our opinion= adequate accountSng records have not been kept by the parent charitable company, or Teturns adequate for our audit have not been rètèived from branches not visited by us.. or the parent charltable company's flnancial statements are not in agreement with the accounting record5 and returns.. or certain disclosures of dirertors. rèmuneration specified by law are not made,. or we have not received all the information and explanations we require for our audlt. Rèsponsibilities of Trustees s explained more fully in the trustee5' wespon5ibilities Statement, the trustees Iwho are also the directors of the parent eharitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for bein8 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 mlsstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the group's and parent charitable company'5 ability to continue as a 80ing concern. disclosing, as applicable. matters related to going concern and using BHP LLP Page 25 ST LUKE'S HOSPICE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST LUKE'S HOSPICE YEAR ENDED 31 MARCH 2021 the golng concern basis of accounting unless the Trustees either intend to liquidate the group or the parent charitable company or to cease operation5, or have no realistic alternative but to do so. Audltorfs responslbilities for the audit of the flnancial statements We have beèn appointed as auditors under the Cornpanie5 Act 2006 and report In accordance with thi5 Act. Our objectives are to obtain reasonable assurance about whether the financial statements as 3 whole are free from materlal misstatement, whether due to fraud or error, and to issue an auditor'5 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 ISA5 IUKI will always detect a material mi55tatement when it exists. Mi5Statements can arlse from fraud or erTor and are crlnsidèred material if. individually or in the aggregate. they could reasonably be expected to influence thè economic decisions of users taken on the basis of these financial Statements. Irregularltles. Including fraud, are instances of non-compllance with laws and regulations. We design procedures in line with our responsibilities, outllned above, to detect material misstatemènt5 in respect of irregularltlès, including fraud. The specific pro￿d￿r@S for this engagement and the extent to which these are capable of detecting Irregularities, including fraud is detailed below: the engagement partner ensured that the engagement team collettively had the appropriate competencè, capabilities and skills to idèntify or recognise non-compliance with applicable laws and regulatlOn5- we identified the laws and regulations applicable to the gtoup through discussions Wlth directors and oiher mana8ement, and from our commercial knowledge and experiences of the charlws sector,. we focussed on specific laws and regulations which we considered may have a dirÈrt material effect on the rinancial Statements or the operations of the group, including the Charities Att 2011, Companies Act 2006, taxation le￿.$latiOn and data protection. employment and health and safety legislation lindudlng CQC documentationl- we assessed Ihe extent of compliance wlth the laws and regulatlons Identlfied above through making enquiries of management and inspecting legal correspondence throughout. identified laws and regulations were comrnunicated within the audit team regularly and the team remained alèrt to instan￿$ of non-compliance throughout the audit. We a55essed the susceptibillty of the groU￿S financlal statements to material misstatement, including obtaining an undefstanding of how fraud might occur, bv.. making enquiries of management as to where they considerèd there was susceptibility to fraud, thelr knowledge of actual, svspected and alleged fraud,. ènd considering the intemal controls in place to mitigate risks of fraud and non-complian￿ with laws and regulations. To address the ri5k5 of fraud through management bia5 and override controls, WÈ.. performed analytic31 procedure5 to identlfy any unusual or unexpected relatlonships,. tested journal entries to identify unusual transactions.. assessed whether judgements and assumptions made in determining the accounting estirnate5 Set out in note Ils) wère indicative of potential bias,. and investigated the rationale behind slgnifi¢ant or unusual transaction5. In response to the rlsk of irregularities and non-compliance with law5 and regulations. we designed procedures which included. but were not limited to.. 8HP LLP Page 26 Jane Marshall (Sep 14, 2021 15:29 GMT+1) Sep 14, 2021 ro p4 ¢Th C p4 mrn￿* Ow > P '(6 4 (o¢n 4 ¢f* P ,1111' IS J! th r* E E V¢JyiU ** ro oc> U> 4P4 P4 14 mmm(f*rn ST LUKE'S HOSPICE BALANCE SHEETS AS AT 31 MARCH 2021 GROUP CHARrrY 2021 2020 Z021 2020 Note Flxed 4$5ets Tangible assets Invemments 6,728,023 2,590,9S2 9318,975 7,461,557 523,146 7,984.703 6,728,023 2,591,026 9319,049 7.461,557 523,220 7.984,777 Current assets Stock-goods for resalè Debtors Investments IS2.140 2,216,924 73.384 1.821.262 500,000 928.058 3.322.704 152.140 2364,L77 73.384 1,851.640 500,000 895,032 3.320,056 io li Cash at bank and in hand 2,734,663 5,103,727 2.665,946 5.082,213 Credltors: amounts fallin8 due wlthln one year 12 12*15,208) 12,007,941) 12WI.1251 12.007.945) Net current assets 2288,519 1,314,763 Z28LO88 1.312,111 Totsl assets le55 current Ilabllltles 11ffj07A94 9.299,466 11.6th).137 9.296,888 Creditors.. arnounts fallin8 due after more tI￿n one year 13 19&8081 1344.1011 198.8081 1344.1011 20 11.5W686 8.955.365 11,501.329 8.952.787 Charfty Funds fjeneral funds Des¥nated funds 16 16 8,686 1.500,0fy) 7.605,365 1.350,000 lo1￿1329 I,5￿).0( 7,602,787 1.350,000 Total unrestr1tted funds- Includin8 investments re¥aluatlon reserye 1£124.95912020- £nilll 16 11.508.686 8,955.365 11,501.329 8,952.787 RestrKted Totsl Charltyfvnds 17 11,508.686 8,955,365 11,501J29 8,952.787 The Eharity has taken advantage of the exemption alk)wed under sealon 408 of the Cotnpanies Art 2006 and ha5 not presen*d its own Statement of financial artivities in the financial statements. The surplus ol the charlty IS £2.545,89412020.' £206,896>. The financlal ststement5 were approved and authorised for issue by Sl8ned on behalf of the board of Trustees oard on 2 Septefflb 2021. .4 N MacDonald Cholr of the 8ourdoA Tru5tee5 HonorGry Treosurer The notes on pages 28 to 52 form part of these financlal statements. Compèny registration number.. 00922448 BHP LLP Page 30 ST LUKE'S HOSPICE STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2021 2021 2020 Note Cash flows from operatlng artlvltle& Net cash flow provided by operating artivities 18 3,180,933 147,562 Cash flows from InTRStlng actlvltles Interest received Dividends received Purchase of tan8lble fixed assets Proceeds frorn Sale of fixed a55ets Purchase of investments Proceeds from sale of investments 1.511 25,760 1199,6021 198.004 11,085,529) 713,918 2.541 93,263 1255,4801 209 11,611,991) 1,966,039 Net cash flow from Investing acti¥itles 194.581 1345.9381 ZW.995 Increase In (ash and ￿$h equlvalents In the Year 342,143 Cash and cash equivalents as at l April 2020 19 950,224 608,081 Cash and cash equlvalents as at 31 Marth 2021 19 3.785.219 950,224 BHP LLP Page 31 ST LUKE'5 HOSPICE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 Summary of sSgnlficant accountln8 po15cles lal Gèneral inforniatlon and basis of preparation St Luke's Hospice is a registered Charity in England. In the event of the Charity being wound up, the liability in respert of the guarantee is limited to £2 per member of the Charity. The address of the registered office is given in the Charity information of these financial statetnents. The nature of the Charitws operations and principal activities are detailed Sn the Trustees, Annual RepoTt. The charlty constitutes a public benefit entity as defined by FRS 102. The financial statements have been prèpared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Irèland issued in October 2019. the Financial Reporting Standard applicable in the United Klngdom and Republic C*f Ireland IFRS 1021. the Charities Act 2011, the Companies Act 2W6 and United Kin8dem Generally Accepted AccountinB Practice. The financial statements are prepared on a 80ing concern basis under the hlstorlcal ¢ost convention, modified to include certain items at fair value. The financial statements are prepared In sterling which is the functional currency of the Charity and rounded to the nearest £1. {bl Going concern The 2020-21 financial statements have been prepared on a goin8 ¢on¢ern basis. We have recorded a good Surplus in the financial year and we have a strong as5Èt base. Our budget5 for the 2021-22 financial year antieipatè 3 deficit due to continued social distancing and other Covid-safe measures placlng restrittions on our shop income and certain fundraislng Income stream5 such as event5 and community group5. However, our short, medium and long term cash flow forecasts all project suff1clent Ilquid balance of fund5 and we have no reason tL¥ believe thdt there will be any threat to our golng concern status Icl Basls of con501idatign The consolidated accounts include the accounts of St Luke's and Its subsidiary undertaking5 on a line by line basis. Under Section 399 of the Companie5 Act 2006 and paragraph 15.12 of the SORP (FR5 1021 the company is not required to present Its own income and expenditure account. 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 activltles in the financial statements. The surplus of the charity is £2,545,89412020'. £206.8961. BHP LLP Page 32 ST LUKE'S HOSPICE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 Idl Fund accountlng General fund5 are unrestricted funds whlch are avallable for use at the discretion of the Trustees in furtherance of the general objectives of St Luke'5 and which have not been designated for other purpose5. Designated funds are unrestrictèd funds earrnarked by the Trustees for particular purposes. Restricted funds are funds which are to be used in accordance w6th speclfic restrlctions imposed by donors or which have been raised by St Luke's for particular purpose5. The costs of raising and administering such funds are char8ed against the specific fund. The aim and use of each restrlrted fund is set out In the notes to the financial statement5. Investment income and gains are allocated to the appropriatè fund. lel Income re¢ognttlon All incomin8 resources are included in thè Statement of Financial Activities ISOFAI when St Luke's is legallv entitled to the incorne after any performance conditions have been rnet, the amount can be measured reliably and it is probable that the incorne will be recelved. lil CllnScal Commlssloning Group Income repcesent5 grants ieceivable from NHS Sheffield Clinical Commissioning Group ICCGI covering the Sheffield region in respect of either contractual service level agreements or non- ¢ontrartual recurrent grant funding. 1151 Lottery Income Lottery income 15 accounted for when receivable and represents income generated by the weekly St Luke's Hospice Society Lottery and periodic raffles. Lottery income received in advance Is carried forward a5 defeTred income. liiil Donations Donations are treated as income when recelved. livl Gift5 in kind Gifts in kind donated for resale are induded at fair value, being the expected proceeds from sale less the expected costs of sale. Where estimating the fair value is practicablè upon receipt it 15 recognised in stock and 'lncome from ChaTlty shops,. Upon sale, the value of the Stock 15 charged against 'lncome frorn Charity Shops. and the proceeds are recognised as 'lncome from Charity shops,. Donated facilities and donated services are reco8nised in income at their fair value when their economic benefit is probable, it can be measured reliably and St Luke's has control over the item. Fair value is determinèd on the basis of the value of the gift to St Luke's. For example. the amount St Luke's would be willinB to pay in the open market for such a gift. A corre5pondinB amount Is recognised in expenditure. BHP LLP Page 33 ST LUKE'S HOSPICE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 {vl Le￿cleS For legacies, entitlernent is the earlier of St Lukè'5 being notified of an impendlng dlstribution or the legacy being received. Legacles are treated as income when they arè rèceived, or on a receivable basis for all individual legacies which have been notified prior to the accountin8 reference date and become capable of financial measurement prior to the 518n off of the accounts. Ivil Quoted investment Income Quoted investment income is accounted for on a receivable basls. Ivlll Speclal evènts and 5ufKlry sales Income Special events and sundry sales income is credlted when the event takes pla￿. Ivllil fjovernment grants Grants received in relation to the 8overnmenVs Coronavirus lob Retentlon Scheme have been recoBnised within other operatlng income. The grant is accounted for on the accruals basis once the related payroll has been submitted. (fj Deferred income Funds received in one accounting perlod that are specifically restricted to work to bè carried out in subsequent accounting periods are not accounted for as income but are carrled forward as deferred income. Igl Empenditure and basls of allocation of costs Expenditure 15 included in the SOFA on an accruals basis, inclusive of any irrecoverable VAT. Charitable expenditUTe directly related to the object5 of St Luke's and the provision of hospice se[Vi￿5 15 recognised on an accruals basi5. Direct costs are attributed directly to the Charity's activitie5. Support costs whlch ￿late to more than one charitable activity are allocated to those activities based on an assessment criteria of tirne spent on each activity. Included in suppon costs are Éoveinance costs which represent expenditure incurred in the management of the Charity'5 a55ets, strategic and organlsational administration and compliance with constitutional and statutory requirements. Ihl Operating leases Rentals payable under operating leases are charged to the SOFA on a straight line basis over the period of the lease. lil fixed assets and deprectation Freehold land and buildings and long leasehold land and buildings a￿ included at fair value, impairment revlews are considered annually. As a consequence. depreciation is not char8ed on such assets. All other flxed assèts categories are included at the historical cost. Signlficant donated fixed assets are capitalised at their estimated cost. BHP LLP Page 34 ST LUKE'S HOSPICE NOTES TO THE FINANaAL STATEMErirs YEAR ENDED 31 MARCH ZOZI 11) Fixed assets and depreclatlon- contlnued Expenditure of less than £1,000 is normally not capitalised unless it forms part of a larger project which has elther al an aggregate value in excess of £1,000 or bl has been specifically designated as a capital project by management. In all case5 the decision to capitalise expenditure or otherwise will be made on an item by item basis with regard to the nature of the item and the economic benefits derived. No depreciation is applied to assets in the year of purchase. A full year's charge is applled In the year of disposal. Depreciatlon is provided by St Luke's on a reducing balance basis (unless otherwise determined) to write off the cost less the estimated residual value of tangible fixed assets over their estimated useful economic lives as follows= Short leasehold improvement5 Motor vehicles Equipment and furniture Computer equipment stralght Ilne over the Ilfe of the lease 20% per annum 25% per annum 3 years straight line The general rates detailed above are %ubjÈct to ovèrride on an itern by item ba515 should in the opinion of management the circumstances of the condition or estimated life of the asset change. Material departure from the general rates above wlll be disclosed in the notes to the accounts. U) Stocks Stocks are stated at the lower of cost and net realisable value. Donated stocks are fair valued as described in (el livl above. Ikl Debtors and credltors receivable I payable within onè y*ar Debtors and Creditors with no stated interest rate and receivable or payable within one year are recorded at transaction pfice. Any losses arising frorn impairrnent are recognised In expenditure. (11 Fhnancial instrument5 The Charity only has financial assets and financial liabilities of a kind that quallfy as basic flnancial instruments. Basic financial instruments are initially rètognisèd at transattion value and subsequently measured at their settlemènt valuè with the exception of bank loans which are subsequently rneasured at amortised costs using the effective interest method (ml Employee beneffts When employees have rendered sèrvite to the Charity, sh¢Trrt-term employee benefits to which the employee5 are entitled are recognised at the undi5counted amount expected to be paid In exchange for that service. EX￿pt for those employees for whom St Luke's makes contributions to the NHS superannuation scheme, all other St Luke's employees may. al their discretion, join the St Luke's Group Personal Pension Plan arranged by Scattish Widow5 to which St Luke'5 make5 an employeT contribution which matches the employee's contribution. Employees who are not already part of a pension scheme are enrolled in the Auto-Enrolment Pension Scheme which they may opt out of at theii request. These pension fund5 are asset5 Qf the individual and St Luke's has n¢ liability nor interest in the value of each fund. St Luke'5 contrlbulions are released to the SOFA as they are incurred. BHP LLP Page 35 ST LUKE'S HOSPI NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 Inl Cash and liquid resources Cash, for the purpose of the cash flow statemenl. comprise5 cash in hand and deposits repayable on dernand, less overdrafts payable on demand. Liquid resources are current asset Investments which are disposable without curtailing or dlsrupting the business and are either readily convertible into known amounts of cash at or close to their carrying value5 or traded in an active market. Liquid resources comprlse term deposits of less than three months (other than cashl. lol Investments Investments are recognised initially at faiT value which is norrnally the transaction price excluding transaction ¢OSts. Subsequently, they are measured ai fair value with changes recognised in 'gainslllosse51 on investments, In the SOFA. Investment5 in Subsidiary undertaklngs are valued at cost less impairment. {p) Concesslonary loans Concessionary loans include those re￿Ivable from a third party which a￿ interest free and are made to advance charitable purposes. Wheie the loan is repayable in more than one year, the loan is initially measured at the amount received with the carrying amount adjusted in subsequent years to reflect repaymènt and adjusted if necessary. for any impairment. Iql Impairment ssets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indicatlon exists, the recoverable amount of thè asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds Its recoverable amount, an impairment loss is recognised In pr¢)fit or1ts55 unless the asset Is carrled at a revalued arnount where the impairment loss is a revaluation deciease. {rl Restatement The income and expendlture for the comparative year has bèen restated to align with the current year disclosure. This rÈ5tatement is presentational and does not affect the results in either year. Isl Critical accountlng •stlmatts and areas of judgement Eslimates and judgments are continually evaluated and ace based on historical experience and other fartors, Including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting èstimates and assumptions- The Charity makes estimates and a$5umptions concernlng the fvture. The resulting accounting estimates and assumptlons will, by definition. seldom equal thè related actual results. Usefvl e¢onomlc Ilves of tanglble assets The annual depreciation charge for tangible assets is sensitive to changes in the estirnated useful economic lives and residual values of the asset5. The useful economic lives and residual values are re-assessed annually. BHP LLP Page 36 ST LUKE'S HOSPICE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 Dllapldatlons Provlslon The provision for dilapidations reflects anticipated future expenditure on the repair of leased premises based on current assessments of the condition and the necessary repairs requirement in the short term. Thè charity has lease obligatlons for shop propertles. Support cost allocatlons Allocation of support costs is estimated based on resources used as detalled in the expenditure - operatlonal costs noted above. Donated stock Donated stock is valued based on post year end sales, stock turnover and RAG rate5. Income from 5nvestments 2021 2020 Dlvidends and interesi Bank interest 2S.760 1.511 27,271 93,263 2.541 95.804 Income from investments in both years is unrestricted. Anafys15 of expendlture Dlre¢t costs Support Total 2021 Total 2020 RaL5inB fvnd5 Legacies and donations Special events and sundry sales Charity shops Lottery prize5 and expenses Investment management costs 212,910 156,428 1.563,054 246,608 4.655 Z.183.655 98,862 62,071 70.895 43,449 1,729 277,006 311,772 218A99 1.633.949 290,057 6,384 2.460.661 370,011 304,684 1,797.795 406,821 11,737 2.891,048 Charltable actlvltles Inpatient care Medicine and drugs Early support for terminal illness Integrated communlty care servi￿9 Education and training 3,713,140 82.852 156,709 1013.776 239.930 6,206,407 652,172 4,365312 82,852 156,709 2.402.711 306,725 7.314,309 4,164,788 101.372 322,581 2,206,741 280,145 7,075,627 388.935 66.795 1,107,902 Total 8.390.062 1.384.908 9 774.970 9.966.675 2020 Total 8,669.665 1,297.010 9,966.675 BHP LLP Page 37 ST LUKE'S HOSPICE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 Analysls of eMpendlture- Continued Included within support costs are governance costs of £100.74112020-. £101,782) which are detailed note 4. Support costs totalling £1.384,90812020', £1,297.0101 have been allocated across activitles. these ¢0515 include the support service of Finance. HR. Admlnlstration and other facility and central 5ervice5. Costs have been allocated either on the basis of time Spent by the department in supporting the activities. oi other usaBe of the service. Investment management costs include fees pèyable to the investment managers, Investec Wealth & Investment Ltd. Govèrnano ¢osts Unrestrlcted funds Restricted funds Total 2021 Total 2020 Strategic management Legal, professional and support Costs 84.219 16.522 11)0,741 84,219 16.522 100.741 88.016 13,766 101,782 2020 Total 101.782 101,782 Employment a)5ts 2021 2020 staff ￿$1$ Wages and salaries Social security costs Pension costs 5,707.213 484,853 304,849 6,496,915 5,548,301 469,044 313,832 6,331.177 The emoluments of employees who earned over £60,￿0 during the year were within ihe following ranges: Number of employee5 2021 2020 £90,000-£100,000 £80,000-£9Q,OQO £70,000-£80,000 £60,000-£70.0 During thè year pension contributions oft behalf of these employees amounted 10 £69,9291202D: £69.1351 The key management personnel of St Luke's comprlse the Chief Executive Officer and thè Executive Directors. The total emoluments earned as employees of St Luke's includinB employer pension contributions and employer Nl contributions total £443,89012020= £461,096). Total redundancy payments amounted to £211,56612020'. E44.7511 and ale included in wages and salary costs. Please refer to page 15 of the Tru51ees' Report for details on how executive pay Is set. BHP LLP Page 38 ST LUKE'S HOSPICE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 20ZI Employment ￿$t$- contlnued Head count- AveraBe Number of employees 2021 2020 41 75 27 31 13 17 45 249 Ancillary Medlcal and nursing Allied Health Professional Professional and technical Fundraising Administration Shop5 74 26 li 17 238 St Luke's recelves a substantial amount of 5UPPOrt and expertise from volunteers. The work undertaken by thls slgnificant number of volunteer5, when expressed as a monetary value for 2020-21, is £93,374 12019-2D-. £947,023). This arnount 15 not reflected in the Statement of Financial Activitie5. Net In¢ome I lexpendlturel forihe year Net income / lexpenditurel is stated after charging.. 2021 2020 Auditorfs remuneration.. Audit Other Servicès Hire of other assets- operating leases L05s on di5POsal of fixed a55et5 Impairment on revaluatlon Df fixed assets Depreciation 14.81)0 1.200 238.538 3.1)00 603,843 134.289 15,51 1.2 243,851 358 127,831 142,570 BHP LLP Page 39 txw 5T LUKE'S HOSPICE NOTES TO THE FSNANCIAL STATEMENTS YEAR ENDED 31 MARCH Z021 Tanglble flxed ass•ts- Group and charity Icontinuedl Tangiblefixed assets held ut valuotion The historic cost equivalent of land and building5 included at valuation are as follows.. 2021 Freehold property 2020 Freehold property Long leasehold propertv Long leasehold propertv Cost Accumulated impairment losses Accumulated depreciatlon Net book value 16.264,383 17,269.8181 12,914,565) 6,080.000 157.483 51,862 154,3451 155.000 16.126.393 16,436.8281 12,914,565) 6,775.000 157,483 6,862 154,3451 IiO.(MJO Freehold land and buildings were subject to independent. professional valuation as at Marth 2021. The valuation was undertaken by Lambert Smith Hampton. Thè valuations have been performed on an open market basis. Flxed asset Investments Group Z021 Charlty 2021 2020 2020 Llsted Investments: Market value at beglnning of year Additions Disposals Net investment gains / (losses) Market value at end of year Investment cash Market value at end of year IWO,970 1.085,529 1653,5591 107N6 1,540,386 I.OSO.5S6 2.$90.942 1.585.935 1.611.991 12,004,3231 1192,6331 I.LXIO,970 22,166 1,023,136 1,000.970 1,085.529 1653.5591 107.446 1.540.386 1,050.556 2,590,942 1,585,935 1,611,991 12,004,323) 1192.6331 1.000.970 22,166 1,023,136 Vnlisled investments io 2,590,952 io 1,023,146 2.591.026 1.023.220 Historical ¢ost of Ilsted investments 1,415.427 1.118.226 1,415, 427 1,118,226 Transfer to current assèt investment 1500,0001 Isoo.0001 Fixed asset investments 2,590,952 523,146 2,591,026 523.220 The historic cost of listed investments of £1.415.427 12020- £1,118,2261 relates to the carrying value of investments of E2,590,95212020.. £523,146) in fixed asset investments and £nil 12020.. £51XJ,0001 in current asset investments. BHP LLP Page 41 ST LUKE'S HOSPICE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 Flxed assèt investments Icontinuedl Included in unlisted investments are companie5 limited by share capital in which St Luke's interest at the year end is more than 20% as follows- Class and per¢entagè of shares held Cguntryof Incorporation Note Prlnclpal actfvlty Subsidlary undertaklng St Luke's Options ￿Mited 23 England and Wales Trades for the benefit of St Luke's Hospice Dormant Dormant 100% ordinary 5t Luke's Promotions Limited 5t Luke's Care Limited England and Wales England and Wale5 100% ordinary 100% ordinary Debtors Group 2021 Charlty 2021 2020 2020 Trade debtors Income tax recoverable Prepaymènts and accrued income Other debtor5 Amounts owed by group undertakings 265,571 172.431 1.386,608 392.314 84,878 107,288 1,422,745 206,351 258.671 172,431 1,386.608 395,131 51,286 2264.127 82,013 107,288 1.422.745 2¢J6.351 33.243 1.851.640 216.924 1,821,262 io. Current asset Investments 2021 2020 Group and Charlty Listed investmènts 500,000 11. Cash and Bank Group 2021 Charlty 2021 2020 2020 Cash at bank Cash in hand 2,730.200 4.463 2.734.663 923,937 4.121 928,058 2,661A83 4,463 2,665.946 890,911 4,121 895.032 BHP LLP Page 42 5T LUKE'S HOSPICE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 12. Creditors.. amounts falllng due wllhln one year Group Charlty 2021 2020 2021 2020 Trade creditors other creditors Taxation and social securitv Accruals and defefred income (note 141 Amount5 owed to group undertaklngs 645,624 145.012 109,777 1.914,795 319,575 447.607 130.727 1,110,032 645.624 145,012 109.777 1.900.712 319,575 447.607 130.727 1,110,032 2015,208 2,007,941 801,125 2,007,945 13. Credltors: amounts falling due after more than one year 2021 2020 Group and Charlty Other creditor5 98,808 344,101 Deferred Income Group ab)d Charltv Balan￿ at l April 2020 Amount released to SOFA Amounts utilised in the year Amount deferred In the year Balance at 31 March 2021 433,542 1255,8521 675.538 853,228 Deferred income relates to funding received in advance of the period to which the funding relate5 and lottery Inrome received in advance of the draw dates to which it relates. Commitments Total commitment under non-cancellable operating leases are as follows-. 2021 Land and build5ngs 2021 2020 Land and buildings 2020 Plant Plant Within one year Two to five year5 Over five years 238.166 406.516 39,834 684,516 5,626 IA05 221,608 429.541 87,534 738,682 5,576 4,182 7A31 9,758 BHP LLP Page 43 5T LUKE'S HOSPICE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 16. Summary of movement In funds Unrestritte fund Designated fund Restrkted fvnd Total Fund balance at l April 2020 Income Expenditure Investment gains Transfers Revaluation on fixed assets Fund balance at 31 March 2021 7,605.365 9.837,212 16,834,307) 167,805 1163,5461 1603.8431 10.008.686 1,350.(X)O 8,955,365 12,764,329 19,774,970) 167.805 2.927.117 12,917.1171 123.5461 173,546 iio,0001 1603,8431 11.508.686 1.500,000 Unrestricted fund DesSgnated fvnd Restrirted fund Total Fund balance at l April 2019 Income Expenditure Investment losses Transfers Revaluation on fiKed a55ets Fund balance at 31 March 2020 7,420,821 10,260,485 19,591.1721 1230.9081 1126.0301 1127,8311 7,605.365 1.325.OC#) 8,745,821 10,534,958 19,966,675) 1230,9081 274,473 1250,9631 1124.5401 149,S40 123,5101 1127,8311 8,955,365 1.350.0 BHP LLP Page 44 m N rn rl (¢J O ¢T* 0 ¢71 (n ST LUKE'S HOSPICE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 16. Anilysis of movement In unrestrlcted funds Iconiinuedl Amounts from general funds have been transferred to the following designated funds as detailèd below.. The named designated funds are estimated amounts set aside for specific strategic activities and programmes and are consldere(I by the directors each year to determine their contlnued adequacy and necessity based on circum5tance5 and current understandlng. The Research and Educatlon fund is held to support future development of research and education programmes. for the benefit of St Luke's patients and clients. as well as In support of the wider communitv, and to assist in the creation of ne￿sSary infrastructure over thè next three to five years. The Strategic Initiative fund amaL%amated the Commercial. Clifford House, Community Engagement and Soth Initiative funds and we plan to take forward initiative5 in all these areas in the coming month5 and years. The IT Infrastructurè fund is held to support the ongoing update of IT infrastructure a5 we continue to improve our remote working capabilities. renew key hardware (such as the phone system, switches, the physical servers) and enable a stsble Infrastructure platform from which our technological and digltal capabllity can be The ￿ and Di8ltal Transformatlon fund is hèld for use over the next three years to unify and streamline our linical 5VStems, lo improve analytics an¢J use of data, to advance maturity and to further develop out non- clinical systems. Conslderlng the financial situation in 2020-21. the Covld-19 Recovery fund has not been utilised in-year, havir been established to support the ongoing journey out of the pandemic. Likewise, strategic and infrastructure projects were broadly put on hold durlng the pandemic hence these balan￿S have not been used. The transfer of funds from restricted to general funds was in respect of the purthase of fixed assets which have now fulfilled their restriction. 8HP LLP Page 47 ¥r LUKE'S HOSPICE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 17. Analysls of movement in restrirted funds Gr(wp ènd Chafity NHSE fundin8 Support Nurse HEYH Deanery fundlng Total 2020 Other Fund balance at l April 2020 Incomè Expenditure Transfers Fund balaft￿ at 31 March 2021 2.708.683 12,708,683) 8,187 18,1871 187,747 1187.7471 22.500 112.5001 iio,000) 2,927.117 12.917.117) iio,0001 Group and Charlty Capltal Appeal Support a Nurse HEYH Deanery funding rotal Z019 Other Fund balance at l April 2019 Income Expenditure Transfers Fund balan¢e at 31 Marth 2020 10,665 110,6651 173,198 1173.1981 90,610 167,1001 123,5101 274.473 1250.9631 123,5101 NHSE Funding The NHSE awarded funding to allow St Luke's to make avallable be(J capacity and community support from April 2020 to July 2020 to provide support to people with complex needs in the context of the Covid-19 situation. and to provide bed capacity and community support from November 2020 to March 2021 for the same purpose. Support • Nurse This represents donations received to 5UPPOrt the nursing costs of St Luke's. fully expended in the year. Health Educatlon Yorkshlre and the Humber IHEYHI Deanery funding The Deanery ha5 provided funding specifically for the purpose of supportlng the costs of training-grade doctors working with St Luke's. Thls funding was spent on the costs of providing St Luke's medical team in 202￿21. 8HP LLP Page 48 ST LUKE'S HOSPICE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 17. Anatysis of movement in restrlcted funds Icontlnuedl Other 5t Lukè's has received funding frorn other bodies lincludin6 Charitsble Trusts) in the financial year, which is 5ummarised as follows.. Received in year 2021 Funding for capital assets Fundlng for revenue expènditure io.TrJo 12.500 22.500 ReconcSllatlon of net income to net Ga5h flow frorn operatln8 actlvltles 2021 2020 Net income for the year Return on investments Depreciation chaTge IProfit111o5s on disposal of fixed assets Ilncreaselldecrease in stocks Ilncreaselldecrease in debtors Increase/ldecreasel in creditors Net cash flow provided by operating activities 2,989.359 127,2711 134,289 13.0001 178.7561 1395.6621 561,974 3,180.933 568.283 195,8041 142,570 362 4.218 68.016 1540,0831 147,562 19. Analysls of Cash and Cash equivalents At beginning of year Ca5hfiow At end of vear Cash at bank and In hand Cash held as investments 928.058 22,166 950.224 I,￿6,605 1.028.390 2.834.995 734,663 1.050,556 3.785.219 BHP LLP Page 49 STLUKE'S HOSPICE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 Analysls of assets between funds 2021 Unrestrirted lund5 Designated funds Total 2021 Tangible fixed assets Investments Current a55ets Creditors: amounts falling within one year Creditors: amounts falling due in greater than one year 6,728.023 2.590.952 3,603.727 12,815,208> 198,8081 6,728.023 2,590,952 5.103.727 12,815,208) {98,8081 I,sLwJ.000 10.008.686 1,500,IXIO 11,508.686 2020 Unrestrlcted funds Des5gnated funds Totsl 2020 Tangible fixed assets Investment5 Current assets Creditor5.' amounts falling within one year Creditor5- amounts falling due in greater than one year 7,461,557 523,146 1,972,704 12.007.941) 1344,1011 7,461.557 523.146 3,322,704 12,007,941) 1344,1011 1.350,fM)O 7,605,365 1,350,OLK) 8.955,365 21. Related party transartlons No remuneration has been paid to any Trustee12020-. £nill. Expenses totalling £nil12020.. £7601 were paid to a third party on behalf of one Trustee for leÉitifflate bu5ine55 expenditure Incurred during the year in connection with the runninB of St Luke's affairs12020: £nill. Indemnity insurance has been puichased from funds to.. Protect the Trustees from loss arising from the neglect or defaults of its members or employees. and Indemnify Trustees from the consequences of any neglect or default on thelr part. The cost incurred during the year was £58812020-. £7131. Irwin Mitchell. of which Laurence Gavin Itrusteel was a partner until August 2020, ha5 provided legal advice totalling £nil12020." £6,0(X)I to Sl Luke's during the year. Benchmark Recruit Limited, of which Louisa Harrison- Walker Itrusieel 15 a director, has invoiced recruitment fees totalling £nil12020'. £4,500) to St Luke's in the year. During the year the charwty has incurred room hire c05t5 of £1.200 from Sheffield Internatlonal Venues Limited. A trustee of the charitv 15 also a director of Sheffield International Venues Limited. At the year end, no amounts were outstanding12020: £nill. During the year. a gift aid distribution totalling £2.648 12020= £9,229) was received from St Luke's Options Limited. St Luke'5 Options Limited 1$ 100% 5ub5idiary of the charity. At the year end £51,286 was owed to the charity and was included in other debtor$12020- £33,243). BHP LLP Page So ST LUKE'S HOSPICE NOTE5 TO THE FINANaAL STATEMENTS YEAR ENDED 31 MARCH 2021 22. Penslon costs NHS Penslon Scheme Employees who lolned St Luke's prior to 31 March 2013 from the NHS are entitled to remain members of the NHS 199512008 superannuation scheme which provides benefits based on final pensionable pay. The NHS 199512008 Pension SchemÈ is an unfunded, defined benefit scheme that cover5 NHS employers, General Practices and other bodies, allowed under the ¢JirertlOll Df Secretary of State, Sn England and Wales. As a onsequence, it is not Possible for St Luke's to identify its share of the underlying scheme liabilities. Therefore, the scheme is accounted for as a defined contribution scheme and the cost Of the scheme is equal to the contributions payable to the scheme for thè accounting period. Employer5, penslon costs contributions are charged to operating eKpenses as and when they become due. The last valuation on which contrlbutlons are based131 March 20161 was published in February 2020 and noted notional deficiency of £19.4bn17% of notional fund value). The Èmployei's contribution rate increased from 14.38% to 21.88% from l April 2020. In the first year, the uplift is being funded by the Department of Health and Soclal Care. The total employer contribution payable in 2020-21 was £42,445 (£40,432 for 2019-201. £3,635 was outstandinÉ at thè year end 12020.. £3,298). In addition, eEnployees who are members of the Scheme pald salary dependent variable contributlons In the range 7.1% to 13.5%. The scheme is subject to an accounting valuation each year at the balance sheet date by the Scheme Actuary. The Statement at 31 March 2020 is based on an assessment of the liabilitie5 a5 at 31 March 2019, with an approximate updatin8 to 31 March 2020 to reflect known changes. The latest asse55ment of the liabilities of the Scheme is contained in the Scheme Artuary report, which forms part of the annual NHS Penslon Scheme IEn8land and Wale51 Resource Account, published annualty. These accounts can be viewed on the NHS Pensions website. Copies can also be obtained from the Stationery Office The deta115 of current rates and contrlbutlons can be found on the NHS Pensions webslte at www.nh5bsa.nhs.uklnhs-pensions. From 1st April 2013, new employees to St Luke's from the NHS have been Invited tL) join, at their discretlon the Group Personal Pension Plan or are enrolled Sn the Auto-Enrolment Pension Scheme which they may opt out of at their request. Therefore. employees of St Luke's are not part of the NHS 2015 penslon scheme which is Career Average Revalued Earnings ICAREI scheme. Group Personal Penslon Scheme Excluding those employees for whom St Luko's ttsntinue to make contributions to the NHS superannuation scheme. all other 5t Luke's employees are enrolled Into the Group Pension Scheme arranged by Scottlsh Widows whl¢h they may opt out of at their request. St Luke'5 makes an employer contribution which matches the employees contrlbution within the parameters of the scheme. These pension funds are assets of the individual and St Luke'5 has no liability nor interest in the value of each fund. St Luke's contrlbutions are released to the SOFA as they are incurred. Contributions made durin8 the year were £235,402 12020- £251.1731. £20.962 was outstanding at the year- end12020.. £20,587). BHP LLP Page Sl ST LUKE'S HOSPICE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 22. Penslon costs Icontinuedl St Luke's allows arrangements for contributions to certain other registered personal pension funds through its pension broker. John Jamès lan independent financial adviser) to best meet the circutll5tances of it5 employees. The employer pension contrlbution5 made during the year are £27.00212020.' £22,227). £2,055 was outstanding at the yearend12020- £nill. 23. St Luke's Options Limited Profit and loss account For the year ended 31 Mar¢h 2021 2021 2020 Turnover C05t of 5ale5 Gr055 profit Administrative expense5 Retained profit fur the year 39.317 15331 38,784 131,3571 7,427 78.512 118,5901 59,922 157.2741 2,648 Net assets at the year end were £7,42912020= £2,650). The prindpal artivity of St Luke'5 Options Limited is to trade for the benefit of St Luke's. St Luke's Hospl The consolidated SOFA includes the results of the wholly owned subsidlary. St Luke's Options Limited. The summary financial performan￿ of the Charity alone is: For the year end￿ 31 March 2021 2021 2020 Income Expenditure Net Income Other recognised gains Net Inctsme Impairment of fixèd a55ets Net movement in funds 12.725.012 19.743,0801 2,981.932 167.805 3,149.737 1603.8431 2,545,894 10,456,446 9,890,811) 565,635 1230.9081 334,727 1127,8311 206.896 Total funds brought forward Gift aid from subsidiary companv Surplus for the financial year Total funds carried forward 8.952.787 8,736,662 9.229 206.896 8,952,787 2.$45.894 11.501,329 Represented bv.. Unrestricted funds Restricted funds 11.501.329 8,952,787 11,501,329 8,952,787 BHP LLP Page 52 ## St Lukes Hospice - Full accounts 31 March ## 2021 ## Final Audit Report 2021-09-14 Created: 2021-09-14 By: Laura Green (laura.green@bhp.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAGrTKgiIFZlZrV8wp4KCUxTKCZfpWBPNY ## "St Lukes Hospice - Full accounts 31 March 2021" History Document created by Laura Green (laura.green@bhp.co.uk) 2021-09-14 - 12:25:56 PM GMT- IP address: 81.23.52.242 Document emailed to Jane Marshall (jane.marshall@bhp.co.uk) for signature 2021-09-14 - 12:26:58 PM GMT Email viewed by Jane Marshall (jane.marshall@bhp.co.uk) 2021-09-14 - 2:29:43 PM GMT- IP address: 185.176.207.115 Document e-signed by Jane Marshall (jane.marshall@bhp.co.uk) Signature Date: 2021-09-14 - 2:29:52 PM GMT - Time Source: server- IP address: 86.149.30.164 ## Agreement completed. 2021-09-14 - 2:29:52 PM GMT