2023-03-31-accounts - Saint Francis Hospice

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CONTENTS		Page
Legal and administrative	details
Trustees' report		4- 13
Independent auditors'	report	14-16
Consolidated statement	of financial activities	17
Balance sheets
Consolidated cash flow statement		19
Notes to the financial statements		20-37

Charity Name	Charity Name		Saint Francis Hospice
Charity Number			275913
Company	Number		1367828					incorporated				11 May			1978
Status			A charitable company		limited		by
			guarantee
Governing	Document		Memorandum and Articles	of	Association
Saint Francis Group			Saint Francis Hospice					Company			Registration				No
								1367828
			Saint Francis Hospice (Trading		Company)			Company			Registration				No.
			Limited					2509586
			Saint Francis Hospice Development			Trust		Charity Registration						No. 288532
			incorporated into the main	charity		in
			2008
Registered	and		The Hall
Operating			Havering-atte-Bower
Office			Romford, Essex
			RM4 1QH
Management		Team	Pam Court	(Chief Executive Officer)
			Carole Heinen	(Director		of	Finance		8, Company				Secretary)
			Dr Corinna Midgley	(Medical		Director)
			Jane Frame	(Director		of	Strategy,		Planning			and Fundraising)
			Jenni Aylen	(Director		of	People 8, Culture)
			Michelle Nicholls	(Director		of	Retail,	Health		8,	Safety)
			Tes Smith	(Director		of	Services		8, Registered				Manager)
Auditors			Haysmacintyre LLP
			10Queen Street Place
			London. EC4R 1AG
Investment	Advisors		Investec Wealth 8, Investment		Limited
			30Gresham Street
			London. EC2V 7QN
Bankers			Barclays Bank Pic
			1 Churchill Place
			London. E144HP

Risk identified					Action taken to miti ate the Risk
Loss of CQC	Registration				Robust management systems in place with
					appropriate levels of accountability and
					responsibility to meet the requirements. All staff
					are regularly trained in quality standard care.
					Robust audit ro rammes are in lace
Recruitment	8	retention	of appropriately		Recruitment plan in place for senior staff including
trained and skilled staff					collaboration work with local acute trust; HR
					review of terms 8,conditions in light of NHS pay
					ro osals
NHS Service Level Agreements				and	Formal contracts in place; quarterly meetings in
maintenance		ofservice	delivery		place, activity monitored and reviewed to ensure
					we meet contractual obligations and the needs
					ofthe local ublic.
Fall in Voluntary		Income			Development ofrobust business plans to attract
					future investment and protect income streams;
					levels ofdonations monitored; strategy in place
					aligned to budget; staffing and volunteer
					resources maintained.

			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	2023	2022
		Notes	f000's	OOOO's	f000's	OOOO's	f000's
INCOME FROM:
Donations and gifts			3,345	44		3,389	3,892
Legacies			1,905			1,905	1,794
Charitable activities:
Service agreements with
Clinical Commissioning	Groups		3,844			3,844	3,733
Trading Activities:
Shops			2,257			2,257	1,823
Education Centre			98			98	116
Investment Income and	Interest		275			275	162
Other income			115			115	252
Total income			11,839	44		11,883	11,772
EXPENDITURE:
Raising Funds:
Cost of operating shops			1,809			1,809	1,782
Fundraising and publicity			1,582			1,582	1,427
Charitable activities:
Hospice services			8,119	103		8,222	7,550
Total expenditure			11,510			11,613	10,759
Net income/(expenditure)
before investment (losses)/gains			329	(59)		270	1,013
(Losses)/gains on investments			(422)			(422)	253
Net (expenditure)/income			(93)	(59)		(152)	1,266
Transfers between funds		17,18
Net movement in funds			(93)	(59)		(152)	1,266
Total Funds brought Forward			19,440	285	53	19,778	18,512
Total Funds carried forward			19,347	226	53	19,626	19,778

				Group		Company
				2023	2022	2023	2022
			Notes	f000's	f000's	f000's	f000's
TANGIBLE ASSETS
Land and buildings				2,467	2,564	2,467	2,564
Other tangible assets				69	15	69	15
Investments				6,461	6,760	6,461	6,760
				8,997	9,339	8,997	9,339
CURRENT ASSETS
Stocks			10	18	6
Debtors			11	2,127	2,294	2,132	2,294
Cash at bank and	in hand			9,495	9,208	9,490	9,199
				11,640	11,508	11,622	11,493
CREDITORS: amounts		falling due
within one year			12	(1,011)	(1,069)	(1,011)	(1,072)
NET CURRENT ASSETS				10,629	10,439	10,611	10,421
NETASSETS				19,626	19,778	19,608	19,760
RESTRICTED FUNDS:
Capital Funds
Endowment funds			16	53	53	53	53
Other Funds
Restricted funds			17	226	285	226	285
UNRESTRICTED	FUNDS:
Designated funds			18	2,891	3,073	2,891	3,073
General funds			19	16,456	16,367	16,438	16,349
				19,626	19,778	19,608	19,760

				Notes	2023		2022
					EOOO's	EOOO's	f000's	E.OOO's
Net cash	inflow from
operating	activities			22		214		1,662
Investing	activities
Dividends	and interest from	investments			275		162
Sale of investments					2,325		1,222
Purchase	oftangible fixed assets				(79)		(20)
Purchase	of investments				(2,448)		(1,328)
Net cash	inflow/(oufflow)	from
investing	activities					73		36
Change in cash and cash		equivalents	in
the reporting period						287		1,698
Cash and	cash equivalents	at the
beginning	ofthe reporting	period		23		9,208		7,510
Cash and	cash equivalents	at the end	of
the reporting period				23		9,495		9,208

capitalised but shown as expenditu	re in the Statement	of Fina
Freehold buildings	2%on cost
Fixtures, fittings 8,equipment	25%straight	line
Motor vehicles	25%straight	line
Leasehold improvements	period ofthe lease

DONATIONS	DONATIONS	AND GIFTS	2023	2022
			f000's	OOOO's
General	donations		3,356	3,178
Essex County		Council	33
Hospice	UK			714
			3,389	3,892

ting costs ofthe sh	ting costs ofthe sh	ops from those incurred last year.	ops from those incurred last year.
Summary profit and		loss account		Total	Total
				2023	2022
				f000's	f000's
Turnover				10	10
Cost of new goods				(5)	(14)
Gross (loss)/profit
Other operating	costs
Amount donated	to Saint Francis Hospice
Retained in subsidiary			company
The assets and liabilities ofthe company are:
Current assets				22	18
Creditors: amounts		falling due within one year
Total net assets				22	18
Aggregate share	capital and reserves			22	18

Net expendit	ure		for the	year was R152,	000 (2022:R1,2	66,000net i	ncome).
EXPENDITURE				Cost of	Fundraising
				operating	and	Hospice	Provision of	Total	Total
				shops	publicity	services	Governance	2023	2022
				F000's	f000's	6000's	f000's	8000's	f000's
Direct costs
Staff costs				811	891	6,350	56	8,108	7,725
Nursing supplies						189		189	143
Catering						197		197	205
Cleaning				14		66		80	76
Travel				20		39		65	72
Support costs
Utilities				52		79		131	118
Premises				654		343		997	980
Other				185	48	168		401	330
Printing, postage			and
stationery				5	11	37		53	47
ITcosts				46	91	323		460	399
Legal and professional						133	46	179	80
Audit and accountancy							35	35	23
Pepperell Education
Centre running		costs				29		29	8
Depreciation						122		122	109
Direct marketing
appeals					209			209	99
Events					9			9	28
Lottery operations					109			109	129
Merchandise					2			2	20
Other fundraising			costs		187			187	147
Other project	costs					51		51	21
Governance	Costs
reallocation				22	19	96	(137)
Total expenditure				1,809	1,582	8,222		1 1,613	10,759

nance costs have been	nance costs have been	nance costs have been	nance costs have been	apportioned	on the basis of	staff costs.
2022 COMPARATIVE				Cost of	Fundraising
				operating	and	Hospice	Provision of	Total
				shops	publicity	services	Governanc	2022
							e
				8000's	f000's	8000's	8000's	f000's
Direct costs
Staff costs				772	850	6,048	55	7,725
Nursing supplies						143		143
Catering						205		205
Cleaning				12		64		76
Travel				22	7	43		72
Support costs
Utilities				47		71		118
Premises				737		243		980
Other				129	45	156		330
Printing, postage			and
stationery						33		47
ITcosts				40	79	280		399
Legal			ancl			51	29	80
professional
Audit							23	23
accountancy
Pepperell Education
Centre running		costs				8		8
Depreciation						109		109
Direct marketing
appeals					99			99
Events					28			28
Lottery operations					129			129
Merchandise					20			20
Other fundraising					147			147
costs
Other project	costs					21		21
Governance	Costs
reallocation				18	14	75	(107)
Total expenditure				1,782	1,427	7,550		10,759

					2023	202l
Governance Costs					f000's	OOOO'.
Staff Costs					56	55
Legal and professional					46	29
Audit and accountancy					35	23
					137	107
					2023	202!
					f000's	OOOO':
Net (expenditure)/income		for	the year is stated after
charging:
Auditor's remuneration		—audit			22	19
Auditor's remuneration		—other			7	1
Depreciation					122	109
Operating lease rentals		—Land	and buildings		566	610
STAFF COSTS					2023	2022
					Number	Number
The average monthly	number		of full and part time employees	during the
year was:
Direct patient services					129	122
Hospice administration					50	52
Fundraising/publicity					26	27
Education services					7	7
Shops company staff					39	41
					251	249
The full time equivalent		at the	year-end was:
Hospice and Shops company			staff		177	175
Employment costs
Salaries					6,467	6,151
Social security costs					616	534
Pension costs					518	530
Other staff costs					273	130
					7,874	7,345
Medical consultants					234	380
					8,108	7,725

The	Group		The	Company
2023		2022	2023	2022
No.		No.	No.	No.

TANGIBLE FIXED ASSETS	The Hall land	Other freehold
	and buildings	Property	Total
Land and buildings	f000's	f000's	f000's
Group and company
Cost
At 1 April 2022	4,724	126	4,850
At 31 March 2023	4,724	126	4,850
Depreciation
At 1 April 2022	2,242	44	2,286
Charge for the year	95	2	97
At 31 March 2023	2,337	46	2,383
Net book value
At 31 March 2023	2,387	80	2,467
At 31 March 2022	2482	82	2,564

TANGIBLE FIXED ASSETS (continued)	TANGIBLE FIXED ASSETS (continued)	Leasehold	Fixtures L	Motor
		Improvement	Fittings	vehicles	Total
Other tangible	fixed assets	6000's	f000's	8000's	f000's
Group and Company
Cost
At 1 April 2022		152	763	114	1,029
Additions				79	79
Disposals				(67)	(67)
At 31 March 2023		152	763	126	1,041
Depreciation
At 1 April 2022		152	763	99	1,014
Charge for the	year			25	25
Disposals				(67)	(67)
At 31 March 2023		152	763		972
Net book value
At 31 March 2023				69	69
At 31 March 2022				15	15

FIXED ASSET INVESTMENTS		2023	2022
		f000's	f000's
Group and Company
Quoted investments
Market value at 1 April 2022		6,330	5,844
Additions at cost		2,448	1,328
Disposals at opening book value		(1,981)	(1,095)
Net (losses) /gains on revaluation		(422)	253
At 31 March 2023 —valuation		6,375	6,330
Cash with investment managers		86	430
Market value at 31 March 2023		6,461	6,760
At 31 March 2023 —historical cost (including	cash)	5,768	5,234

STOCKS				Group		Company
				2023	2022	2023	2022
				f000's	f000's	8000's	f000's
New goods for resale				18
DEBTORS				Group		Company
				2023	2022	2023	2022
				f000's	f000's	6000's	6000's
Legacies receivable				1,126	1,021	1,126	1,021
Other debtors and prepayments				1,001	1,273	1,001	1,273
Amounts	owed	by	trading			5
subsidiary
				2,127	2,294	2,132	2,294

CREDITORS: amounts	CREDITORS: amounts	falling	due		Group	Company
within one year				2023	2022	2023	2022
				8000's	F000's	f000's	F000's
Taxation	and social	security		256	200	256	200
Trade creditors				209	176	209	176
Other creditors				91	152	91	152
Accruals				416	493	416	493
Deferred	income (see below)			39	48	39	48
Amounts	owed	to	trading				3
subsidiary
				1,011	1,069	1,011	1,072
Movements in deferred income:				Group	and Company
				6000's	f000's
Deferred	income at	1 April		48	34
Applied	during the year			39	48
Released	during the	year		(48)	(34)
Deferred	income at	1 March			48

o f.337,125(202	2:%338,243).
FUNDS		Unrestricted	Restricted	Endowment	Total
		OOOO's	f000's	f000's	F000's
Group
At 1 April 2022		19,440	285		19,778
Net movement	in funds	(93)	(59)		(152)
At 31 March 2023		19,347	226		19,626
Company
At 1 April 2022		19,422	285	53	19,760
Net movement	in funds	(93)	(59)		(152)
At 31 March 2023		19,329	226		19,608

FUNDS (Continued)	FUNDS (Continued)
2022 Com arafives		Unrestricted	Restricted	Endowment	Total
		f000's	8000's	F000's	f000's
Group
At 1 April 2021		18,247	212	53	18,512
Net movement	in funds	1,193	73		1,266
At 31 March 2022		19,440	285	53	19,778
Company
At 1 April 2021		18,229	212		18,494
Net movement	in funds	1,193	73		1,266
At 31 March 2022		19,422	285		19,760

embers.	embers.
ENDOWMENT		FUNDS	2023	2022
			F000's	8000's
Group and	company
Balance at	1	April 2022	53
Income
Expenditure
Balance at	31 March 2023			53

he inco	me funds of the	cha	rity include r	estricted funds	held on trust for	specific purpo	ses:
			Balance				Balance
		1	April 2022	Income	Expenditure	Transfers	31 March 2023
			8000's	f.000's	F000's	'E000's	f000's
Group and company
Kay Julia	Miller Trust		58				58
Family Support			26		(3)		27
Children	In Need		15		(15)
Orangeline			72		(72)
Young Adult Transition
Group			18	6	(I )		23
IPU			22	20	(11)		31
Covid Bereavement			14				14
Others			60	14	(1)		73
			285	44	(103)		226

		Balance				Balance
2022 Com	arafives	1 April 2021	Income	Expenditure	Transfers	31 March 2022
		f000's	f000's	8000's	8000's	8000's
Group and	company
Kay Julia Miller Trust		58				58
Family Support		11	16			26
Children In	Need	15				15
Orangeline		72				72
Young Adult Transition
Group		12	8	(2)		18
IPU		13	12	(3)		22
Covid Bereavement			26	(12)		14
Others		31	30	(I)		60
		212	92	(19)		285

. DESIGNATED FUNDS
The income funds of the	charity include the following designated		funds	which have been set aside
out of unrestricted funds	by the Trustees for specific purposes:
	Balance				Balance
	1 April 2022	Income		Transfers	31 March 2023
	F000's	f000's		f000's	f000's
Group and company
Fixed Asset fund	2,579	(122)		79	2,536
ICT Digital Strategy fund	120		(78)		42
Digital People Strategy fund			(11)	131	120
Hall Works fund	136		(94)		42
Estate Repairs fund	238		(87)		151
	3,073	(392)		210	2,891

18. DESIGNATED	FUNDS (C	ONTINUED)
2022 Com arafives		Balance				Balance
		1 April 2021	Income	Expenditure	Transfers	31 March 2022
		f000's	F000's	8000's	f000's	OOOO's
Group and company
Contingency fund		5,022			(5,022)
Fixed Asset fund		2,674		(109)	14	2,579
Site Development	fund	115			(115)
ICT Digital Strategy	fund	58		(53)	115	120
Development Reserve fund		181			(181)
Budget fund		1,660			(1,660)
Hall Works fund		136				136
Estate Repairs fund				(2)	240	238
		9,846		(164)	(6,609)	3,073

		Endowment	Other	Unrestricted	Unrestricted
		funds	restricted	Funds	Funds	Total
			funds	(General)	(Designated)
		f000's	8000's	6000's	f000's	f000's
Group
Tangible fixed assets					2,536	2,536
Investments				6,461		6,461
Other net	assets		226	9,995	355	10,629
Total net assets			226	16,456	2,891	19,626
Company
Tangible fixed assets					2,536	2,536
Investments				6461		6,461
Other net	assets	53	226	9,977	355	10,611
Total net assets		53	226	16,438	2,891	19,608
2022 Com	arafives	Endowment	Other	Unrestricted	Unrestricted
		funds	restricted	Funds	Funds	Total
			funds	(General)	(Designated)
		f000's	'E000's	f000's	f000's	f000's
Group
Tangible fixed assets					2,579	2,579
Investments				6,760		6,760
Other net	assets	53	285	9,607	494	10,439
Total net assets		53	285	16,367	3,073	19,778
Company
Tangible fixed assets					2,579	2,579
Investments				6,760		6,760
Other net	assets		285	9,589	494	10421
Total net assets			285	16,349	3,073	19,760

At the year end, the charity and grou respect of operating leases.	p were committed to make the foll	p were committed to make the foll	owing pay	ments	in total
	Land and buildings			Other
	2023	2022	2023		2022
	f000's	F000's	f000's		f000's
Expiry date:
Within one year	563	580	10		9
Between two and five years	1,239	1,413	8		12
In over five years	254	448
	2,056	2,441	18		21

RECONCILIATION ACTIVITIES	OF CHANG	ES IN RESOUR	CES TO NET CASH	INFLOW/(OUTF	LOW) FROM	OPERATING
					2023	2022
					6000's	f000's
Net (expenditure)/income for the reporting					(152)	1,266
period (as per the	statement	offinancial
activities)
Adjustments for:
Depreciation of tangible fixed assets					122	109
(Gains) /losses on investments					422	(253)
Dividends and interest from Investments					(275)	(162)
(Increase)/decrease	in stock				(12)	2
(Profit)/loss on sale	offixed asset					6
Decrease/(increase)	in debtors				167	453
Increase/(decrease)	in creditors				(58)	241
Net cash provided	by/ (used	in) operating	activities		214	1,662
ANALYSIS OF CASH	AND CASH EQUIVALENTS				2023	2022
					8000's	8000's
Cash in Hand					148	296
Notice deposits					9,347	8,912
Total cash and cash equivalents					9,495	9,208
Analysis ofthe balances of		cash as shown	in the balance	sheet
					Change	in year
			2023	2022	2023	2022
			6000's	f000's	f000's	OOOO's
Saint Francis Hospice			9,490	9,206	284	1,707
Saint Francis	Trading	(Company)				(9)
Limited
			9,495	9,208	287	1,698

				Unrestricted	Restricted	Endowment	Total
				funds	funds	funds	2022
				8000's	8000's	OOOO's	f000's
INCOME FROM:
Donations and gifts				3,800	92		3,892
Legacies				1,794			1,794
Charitable activities:
Service agreements	with
Clinical Commissioning		Groups		3,733			3,733
Trading Activities:
Shops				1,823			1,823
Education	Centre			116			116
Investment Income	and	Interest		162			162
Other income				252			252
Total income				11,680	92		11,772
EXPENDITURE:
Raising Funds:
Cost ofoperating shops				1,782			1,782
Fundraising and publicity				1,427			1,427
Charitable activities:
Hospice services				7,531	19		7,550
Total expenditure				10,740	19		10,759
Net income before	investment		gains
				940	73		1,013
Gains on investments				253			253
Net Income				1,193	73		1,266
Transfers between	funds
Net movement in funds				1,193	73		1,266
Reconciliation offunds:
Total Funds brought	Forward			18,247	212		18,512
Total Funds carried	forward			19,440	285	53	19,778