2022-03-31-accounts - Willen Hospice

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Legal and Administrative Details	Legal and Administrative Details	Legal and Administrative Details			1-2
Chairman's	Annual Report				3-4
Trustees' Report, including		the Strategic report			5 - 18
Independent	Auditor's Report				19 - 22
Consolidated	Statement of	Financial	Activities		23
Comparative	Consolidated	Statement	of Financial	Activities	24
Consolidated	Balance Sheet				25
Charity Balance Sheet					26
Consolidated	Statement of	Cash Flows			27
Principal accounting policies					28 - 31
Notes to the	financial statements				32 - 51

the Truste	the Truste	es.	y	trougout this report are collectively referre	d to
Company		registration	number:	01231909
Charity	registration		number:	270194
Registered		Office:		Milton Road
				Willen Village
				Milton Keynes
				MK15 9AB
Trustees:				P Davis (Chairman) ' ~ I Philpott ''' "(Resigned 28'"july 2022) M Stevenson '' 4 R Gilbert '4 '
				P Ball (Appointed 1"April 2021) C Dunn ' (Resigned 28'" October 2021) M Rogers'' ' SCarbe*'' '
				jWood" A Coombes ' (Resigned 30'"April 2022) C White-Robinson ' M Esam '
				S Moore (Appointed 28'" October 2021) D Kulczykowska ' (Appointed 24'" February	2022)
				Member of Business Development
				Committee/WHV Ltd Board
				Member of General Purposes 5 Finance
				Committee (Including IMMIT)
				Member of People Services Committee
				Member of Property Committee
				Member of Clinical Governance Committee Member of Health 5Safety Committee
				Integrated Governance Committee

Total	Free	reserves:	14,485,991	14,485,991
Less	fixed	asset designated	reserves:
		Property Hospice Development Other fixed assets		(1,803,403) (1,289,768) ~337821
				f11054 999

						Unrestricted	Restricted	Total	Total
						Funds	Funds	2022	2021
					Note
Income
Donations and voluntary			income
Voluntary income					1	5,190,037	400,153	5,590,190	4,045,525
Grant funding							1,604,187	1,604,187	1,636,834
Income from generated		funds
Income from Clinical		Commissioning		Group		1,306,620		1,306,620	1,294,877
Activities for raising	funds					1,183,630		1,183,630	1,156,552
Investment income						225,891		225,891	225,649
Other income						224,634		224,634	1,569,378
Total income						8 130812	2004340	10135152	9928015
Expenditure
Cost of raising funds Charitable activities Impairment of investments					7 7 13	(2,516,738) (4,110,628)	(1,744,164)	(2,516,738) (5,854,792)	(2,223,916) (5,069,412) 188438
Total expenditure
Gain / (Loss) on investment			assets		13	148690		148690	1 058 692
Net income / (expenditure) Transfers						1,652,136 1 743	260,176 ~1743	1,912,312	3,892,617
Net movements in funds						1,653,879	2583433	19127312	3892617
Fund balances brought	forward at
1 April 2021 Fund balances carried March 2022	forward at 31				21/23	14213298 15867 177	650 596 909029	14 863 894 16776 206	10971 277 14063094

					Unrestricted	Restricted	Total
					Funds	Funds	2021
					E
Income
Donations and voluntary			income
Voluntary income					3,118,933	926,592	4,045,525
Grant funding						1,636,834	1,636,834
Income from generated		funds
Income from Clinical		Commissioning		Group	1,294,877		1,294,877
Activities for raising		funds			1,156,552		1,156,552
Investment income					225,649		226,649
Other income					1,569,378		1,569,378
Total income					7,365,389	2,563,426	9,928,815
Expenditure
Cost of raising funds Charitable activities					(2,223,916) (3,109,546)	(1,959,866)	(2,223,916) (5,069,412)
Impairment of investment					198438		198438
Total expenditure					(5,135,024)	(1 9597866)	(77094890)
(Loss) / Gain on investment			assets		1 058 692		1058 692
Net income / (expenditure)					3,289,057	603,560	3,892,617
Transfers
Net movements in funds					3,289,057	603,560	3,892,617
Fund balances brought	forward at 1 April
2020 Fund balances carried 2021		forward at 31		l6iarch	10924 241 14213298	47 036 656 596	10971277 14863894

				2022	2022	2021	2021
			Note	f.		E	E
Fixed assets
Intangible assets					25,851		32,687
Tangible assets			12		4,436,411		2,583,414
Investments			13		8 515677		8 190880
					12,977,939		10,806,981
Current assets
Stocks			14	33,864		35,531
Debtors			15	3,215,355		2,013,665
Cash and cash equivalents			16	2 371 109		2 574 684
Creditors: amounts		falling due within		5,620,328		4,623,880
one year			17	(1,715,061)		566 967
Net current assets					3,905,267		4,056,913
Provisions for liabilities			18		(107,000)
Net assets					16,776,206		14,863,894
Income Funds
Restricted funds			21		909,029		650,596
Unrestricted funds
Designated funds			22		3,494,521		5,784,320
Other charitable	funds		23		10,991,470		7,196,482
Revaluation reserve			23		1 381 186		1 232 496
Totalfunds					16,776,206		14,863,894

			Note	2022f	2022f	2021 E	2021 f
Fixed assets
Intangible assets Tangible assets Investment in subsidiary Investments		undertaking	12 13 13		25,851 4,436,411 2 8 515677		32,687 2,583,414 2 8 190880
Current assets					12,977,941		10,806,983
Debtors Cash and cash equivalents			15 16	3,560,972 1 779 743		2,368,260 1 854 049
Creditors: amounts	falling due within			5,290,753		4,222,309
one year			17	~1477 785		311584
Net current assets					3,862,930		3,910,725
Provisions for liabilities			18		(107,000)
Net assets					16733 871		14717708
Income Funds
Restricted funds Unrestricted funds:			21		909,029		650,596
Designated funds Other charitable funds Revaluation reserve Total funds			22 23 23		3,494,521 10,949,135 1 381 186 16733871		5,784,320 7,050,296 1 232 496 14 717708

		2022	2022	2021	2021
Cash flows from operating activities	Notes
Net income / (expenditure)		1,912,312		3,892,617
Adjustments for:
Investment income Amortisation Depreciation Profit on disposal of investment (Increase)/decrease in stocks (Increase)/decrease in trade and other receivables	11 12 13 14 15	(225,891) 10,046 289,956 (4,317) 1,667 (1,201,690)		(225,649) 7,792 189,740 22,082 (854,649)
(Decrease)/increase in trade and other paya bles	17	1,148,094		61,575
Movement on pension scheme Increase/ (decrease) in provisions Revaluation of investments Impairment of investments	17 18 13 13	107,000 (148,690)		(1,059,667) (198,438)
Cash flows generated from operating activities			1,888,487		1,835,403
Purchase of property plant and equipment	12	(2,142,953)		(267,237)
Purchase of intangible fixed assets Purchase of investments Proceeds from sale of investments Investment income	11 13 13	(3,210) (178,656) 6,866 225 891		(18,691) (145,147) 6,086 225 649
Cash flows generated from investing activities			(2I092I062)		(199,340)
Net (decrease) / increase in cash and cash equivalents			(203,575)		1,636,063
Cash and cash equivalents at 1 April			2,574,684		938,621
Cash and cash equivalents at 31 March	16		2371 109		2 574684

DGAa'tloAs and	volUAta	l g lAcorAe
		Unrestricted f	Restricted f	Total 2022 f	Total 2021
Donations (including Gifts in kind Legacies Memorials Donated goods Friends of Willen	gift aid)	1,336,833 31,169 1,443,473 255,260 2,095,359	400,153	1,736,986 31,169 1,443,473 255,260 2,095,359	2,112,754 47,447 962,435 244,692 650,678
Christmas Appeal Grant funding		27,943	1,604,187	27,943 1,604,187	27,519 1,636,834
		5 190037	2 004 340	7 194377	5 682 359

		2022	2021
Unrestricted funds
Lottery income
Events and promotions income Profit from Willen Hospice Ventures	shops	468,676 565,203 149751	466,231 610,659 79 662
		1,183,630	1,156,552

		2022	2021
Unrestricted	funds
Listed investments
Bank deposits		225,082 809	224,981 668
		225,891	225,649

				2021	2021
Unrestricted	funds
Education				41,583	35,799
Catering				29,032	16,442
3ob Retention	Scheme			823	229,326
CCG COVID-19 Funding					875,373
8usiness Interruption			Scheme Claim		194,069
Retail business	support		grant	100,275	191,835
Other miscellaneous		income		11,830	9,867
Profit on sale of investment				4,317
Shop Rent				36 774	16667
				224,634	1,569,378

						2022	2021
Turnover						2,717,388	1,635,271
Cost of sales						263 948	169834
Gross profit						2,453,440	1,465,437
Administrative	expenses					(2,115,469)	(1,767,596)
Other operating	income					101,098	556,851
Operating profit						439,069	254,692
Interest receivable		and similar income				102	184
Profit for the year		and total comprehensive		income		439,171	254,876
The net assets		and liabilities ofthe subsidiary			were:
						2022	2021
Current assets						660,709	1,068,621
Creditors: amounts		falling due within	one	year		(618,369)	(922,433)
Total net assets						42,340	146,188
Aggregate share capital and reserves						42,340	146,188

				Support
			Direct costs	costs	Total	Total
				(Note below)	2022	2021
				f
Cost of raising funds
Trading			1,252,248	91,244	1,343,492	1,295,696
Lottery			216,398	40,374	256,772	211,220
Events and fundraising			373,325	228,648	601,973	416,361
Voluntary	fundraising	costs	314501		314501	300 639
			2,156,472	360,266	2,516,738	2,223,916
Charitable	activities
In house			2,768,428	580,651	3,349,079	2,845,198
Willen At Home			1,100,877	153,679	1,254,556	1,119,956
Wellbeing	&Therapeutic		689,677	120,402	810,079	772,233
Lymphoedema Service			222,901	45,785	268,686	231,223
Governance			21 106	151286	172392	100802
			4,802,989	1,051,803	5,854,792	5,069,412
Other expenses
Impairment	of investments					~198438
Total expenditure			6,959,461	1,412,069	8,371,530	790947890

				The group	The charity
			2022	2021	2022	2021
					f	f
Auditor remuneration
Audit services			15,100	12,150
Non-audit	services		2,450	1,350
Amortisation			10,046	7,792	10,046	7,792
Depreciation			289,956	189,740	289,956	189,740
Other operating		lease rentals	342,621	(6,728)	342,621	(6,728)

mployees	mployees
Staff costs during		the year were as follows:
			2022	2021
Salaries and wages			4,740,164	4,318,025
Social security costs			413,548	379,961
Pension costs			395,234	391,514
			5,548,946	5,089,500
Contract staff			379,487	367,029
Health Examination	fees		6,559	329
			5,934,992	5,456,858

		ITsofhvare	Total
Cost
At 1 April 2021		115,705	115,705
Additions		3,210	3,210
Disposals
At 31March	2022	118,915	118,915
Amortisation
At 1 April 2021		83,018	83,018
Arnortisation	in the year	10,046	10,046
On disposals
At 31March	2022	93,064	93,064
Net book amount at 31March 2022		25,851	25,851
Net book amount at 31March 2021		32,687	32,687

		Asset under
	Freehold propertyf	course of constructionf	Equipmentf	Fundraising assetsf
Cost
At 1 April 2021	3,053,004	309,026	646,219	378,396
Additions		2,086,589	38,492	4,615
Disposals
At 31March 2022	3,053,004	2,395,615	684,711	383,011
Depreciation
At 1 April 2021	1,189,931		526,162	306,335
Depreciation in the year	59,676		32,828	18,943
Disposals
At 31March 2022	1,249,607		558,990	325,278
Net book amount at
31 March 2022	1,803,397	2,395,615	125,721	57,733
Net book amount at
31March 2021	1,863,073	309,026	120,057	72,061

		IT	Motor	Leasehold
		hardware f	vehicles	improvements		Total
Cost
At 1 April 2021		281,300	42,774	158,027		4,868,746
Additions		10,785		2,472		2,142,953
Disposals
At 31March	2022	292,085	42,774	160,499		7,011,699
Depreciation
At 1 April 2021		189,958	36,490	36,456		2,285,332
Depreciation	in the year	53,165	1,301	124,043		289,956
Disposals
At 31March	2022	243,123	37,791	160,499		2,575,288
Net book amount at 31
March 2022		48,962	4,983			4,436,411
Net book amount at 31
March 2021		91,342	6,284	121,571	2,583,414

		Historical cost	Revaluation	Market valuef
Valuation
At 1 April 2021		6,958,384	1,232,496	8,190,880
Purchases and additions reinvestment	from	178,656		178,656
Disposals		(2,549)	(4,317)	(6,866)
(Impairment) / reversal	of
impairment
Realised Gain
Unrealised gain on revaluation			153,007	153,007
At 31March 2022		7,134,491	1,381,186	8,515,677

		The group 2022	2021	The charity 2022	2021
Trade debtors Other debtors Prepayments	and accrued	344,920 147,719	50,711 128,316	336,795 147,360	48,156 116,178
income Amounts owed by subsidiary		2,722,716	1,834,638	2,695,723	1,536,876
undertaking				381094	667 050
		3,215,355	2,013,665	3,560,968	2,368,260

		The group 2022	The group 2022	2021 f	The charity 2022	2021
Cash at bank and in hand		2,371,090		2,538,046	1,779,724	1,817,411
Cash held at investment	manager	19		36,638	19	36,638
		2,371,109		2,574,684	1,779,743	1,854,049
Creditors: amounts	falling	due within	one	year
		2022	The group 2021		The charity 2022	2021
Trade creditors Social security and other taxes Pension contributions Other creditors Accruals and deferred income		813,796 95,938 60,742 8,544 736 041		87,321 91,913 59,542 1,245 326 946	738,266 95,938 60,742 8,544 574 295	75,096 78,094 53,654 1,062 103678
		1,715,061		566,967	1477 785	311584

			2022	The group 2021	The charity 2022 2021	The charity 2022 2021
Dilapidation provisions			107000		107000
			107,000		107000
Financial instruments
			The 2022	group 2021	The charity 2022	2021
Financial assets:
Financial	assets measured	at fair
value through profit and loss			2,421,071	2,574,684	1,965,705	1,854,049
Financial	assets measured	at
amortised	cost		2,995,098	1,811,040	3,117,425	2,249,265
Financial	liabilities:		5,416,169	4,385,724	4,947,130	4,103,314
Financial	liabilities measured	at
amortised	cost		1,490,042	336,994	1,487,621	224,418

			Unrestricted	Restricted
			fundsf	funds	Total funds
Intangible	fixed assets
Tangible fixed assets			25,851		25,851
Investments			4,436,411		4,436,411
Current assets			8,515,677		8,515,677
Current liabilities			4,661,337	958,991	5 620 328
Provisions			(1,715,061)		(1,715,061)
			(107,000)		(107,000)
			15,817,215	909,029	16,776,206
Group —comparative		pear
			Unrestricted	Restricted
			funds	fundsf	Totalfunds f
Intangible fixed assets Tangible fixed assets			32,687		32,687
Investments			2,583,414		2,583,414
Current assets			8,190,880		8,190,880
Current liabilities			3,973,284	650,596	4,623,880
			(566,967)		(566,967)
			14,213,298	650,596	14,863,894

The group and	the charity	—current year
	At 1April 2021f	Income	Expenditure	Transfers	At 31March 2022
Education	2,282	66,000			68,282
Clinical equipment	6,764	543	(1,493)	(106)	5,708
Willen at Home	257	2,162	(2,163)		257
Capital Appeal	309,845	462,127	(85,267)		686,705
Wellbeing and Therapeutic	23,218	57,138	(42,823)	(5)	37,528
Miscellaneous	29,588	11,423	(9,650)	(1,633)	29,728
CCG COVID-19 Funding	278,642		(247,821)		30,821
Hospice UK Funding		1,116,187	(1,116,187)
Cancer Care in the
Community		164,635	(114,635)		50,000
Winter Pressures		112,000	(112,000)
Bereavement Project		12,125	(12,125)
Total	650596	2~004g340	(Ii744'164)	(1,743)	909,026

	At 1April 2020	Income E	Expenditure f	At 31March 2021 E
Education Clinical equipment Willen at Home Capital Appeal	3,287 5,364 7,790	13,566 33,043 302,055	(1,005) (12,166) (32,786)	2,282 6,764 257
Wellbeing and Therapeutic Miscellaneous CCG COVID-19 Funding Hospice UK Funding Cancer Care in the	3,382 27,213	66,160 47,565 286,988 1,636,834	(46,324) (45,189) (8,347) (1,636,834)	309,845 23,218 29,588 278,641
Community		140,841	(140,841)
Bereavement Project Total	47036	36,375 2I563427	(36,375) (1I959867)	650,596

	At 1April 2021	Expenditure	At 31March 2022f
Property Hospice development Other fixed assets Retail outlet refurbishment	1,863,079 3,378,232 444,009 5,000	(59,676) (2,088,464) (106,188)	1,803,403 1,289,768 337,821
ITreplacement	25,000		5,000
Clinicai equipment Planned preventative	36,000	(35,471)	25,000 529
maintenance	33,000
Total	5,784,320	(2,289,7997	33,000 3,494,521

		At 1April 2020	Expenditure	Transfers (see below)f	At 31March 2021f
Property Hospice deveiopment Other fixed assets The Well		1,982,975 3,788,061 261,779 83,000	(60,223) (20,502) (137,309) (83,000)	(59,673) (389,328) 319,539	1,863,079 3,378,232 444,009
Retail outlet refurbishment IT replacement Clinical equipment		18,000 59,000	(7,040) (59,000)	(5,960) 25,000	5,000 25,000
Planned preventative				36,000	36,000
maintenance Total		30,800 6,223,616	(367,073)	2,200 (72,222)	33,000 5,784,320
23 Unrestricted	funds

	Designated funds (see note 21)	Other charitable funds	Revaluation reserve	Total
At 1 April 2021 Income	5,784,320	7,196,482	1,232,496	14,213,298
Expenditure Gain / (loss) on revaluation	(2,289,799)	8,130,812 (4,337,567)		8,130,812 (6,627,306)
Disposals			153,007	153,007
Transfers (see note 13 &21) At 31March 2022	3,494,521	1 743 10,991,470	(4,317) 1,381,186	(4,317) 1 743 15,867,177

	Designated funds (see note 22)	Other charitable funds	Revaluation reserve	Total
At 1 April 2020 Income	6,223,615	4,526,822	173,804	10,924,241
Expenditure Gain / (loss) on revaluation	(367,073)	7,365,389 (4,767,951)		7,365,389 (5,135,024)
Transfers (see note 22) At 31March 2021	72 222 5,784,320	72 222 7,196,482	1,058,692 1,232,496	1,058,692 14,213,298

	Designated funds (see note 22) E	Other charitable funds	Revaluation reserve	Totalf
At 1 April 2021 Income	5,784,320	7,050,297	1,232,496	14,067,113
Expenditure Gain / (loss) on revaiuation	(2,289,799)	7,034,635 (3,137,540)		7,034,635 (5,427,339)
Disposals			153,007	153,007
Transfers (see note 22) At 31March 2022	3,494,521	1 743 10,949,135	(4,317) 1,381,186	(4,317) 1 743 15,824,842

	Designated funds (see note 22)	Other charitable funds	Revaluation reservef	Totalf
At 1 April 2020 Income	6,223,615	4,296,253	173,804	10,693,672
Expenditure Gain / (loss) on revaluation	(367,073)	5,886,757 (3,204,936)		5,886,757 (3,572,009)
Transfers (see note 22) At 31March 2021	72 222 5,784,320	72 222 7,050,296	1,058,692 1,232,496	(307,260) 14,067,112

	2022 Land and	2021 Land and	2022	2021
	buildingsf	buildingsf	Otherf	Otherf
In one year or less Between two and five years	1,418,298 367,986	3,314,456 864,287	14,061	26,196 10,657
Over five years	121250	150822
	1,907,534	4,329,565	14,061	36,853