|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|Impairment|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|Transfers
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|Transfers
(see
below)f|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| ## ## ##