2021-03-31-accounts - St Margaret's Somerset Hospice

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					page
Welcome
Objectives &Activities
The Need
Our Approach
Our Vision, Mission &Values
Our Main Activities
Delivering Public Benefit
Our Strategy
Performance g Achievements
Meeting our Objectives
Future Plans					14
Financial Review					15
Reserves					16
Investment Policy					16
Risk Management					17
Commercial Performance					17
Fundraising &Marketing		Performance			18
Fundraising Approach					19
Structure, Governance		&Management			21
Reference &Administrative			Details		24
Statement ofTrustees'		Responsibilities			26
Audit Report					27
Independent Auditor's	Report to the Members ofSt Margaret's			Somerset Hospice	27
Financial Statements					31
Consolidated Statement		of FinancialActivities for the year ended		31March 2021	31
Consolidated Statement		of Financial Position as at the end of31March 2021			32
Charity Statement of Financial			Position as at the end of31March 2021		33
Consolidated Statement		ofCashflows for the year ended 31March 2021			34
Accounting Policies					35
Notes to the Financial Statements					40

Mr J Langdon	Nominations Committee (Chair from 4 November 2020), Finance	Nominations Committee (Chair from 4 November 2020), Finance	Committee	Committee
	(Chair to 31December 2020), Income Generation & Marketing Committee
Mrs G Atherton	Audit Committee, Human Resources &Remuneration	Committee	(Chair)
Dr P Cavanagh	Clinical Quality &Education Committee [resigned 31	December	2020],
	Nominations Committee (Chair to 3 November 2020) [resigned 31December
	2020]
Mr P Colton	Income Generation & Marketing Committee (Chair),	Nominations	Committee,
	Transformation Committee
Dr A Grove	Clinical Quality &Education Committee (Chair), Nominations Committee			(from
	4 November 2020)
Mr KJones	Human Resources &Remuneration Committee
Ms N McClean	Finance Committee (Chair from 1January 2021)
Mr TSamuel	Audit Committee, Transformation Committee (Chair)
Mr PTucker	Audit Committee (Chair), Clinical Quality 8 Education	Committee

				Total Funds	Total Funds
	Note	Unrestricted	Restricted	2021	2020
Income from:
Donations and Legacies		2,815,337	1,538,533	4,353,870	4,288,566
Other Trading Activities		2,515,678		2,515,678	5,778,477
Investments		183,428		183,428	177,814
Charitable Activities		28,065	4,866,726	4,894,791	2,627,490
Other Income		1,148,442		1,148,442	570,694
		6690~950	6p405 259	13~096209	13p443 041
Expenditure on:
Raising Funds	6	(4,361,455)		(4,361,455)	(5,953,122)
Charitable activities	7	(368,511)	(6,528,207)	(6,896,718)	(7,848,110)
		(4p729p966)	(6p528p207)	(11258'173)	(13801p232)
Net gains/(losses) on investments	9	1,093,240		1,093,240	(366,053)
Net income/(deficit) and
movement in funds	10	3,054,224	(122,948)	2,931,276	(724,244)
Corporation Tax Charge
Transfer between funds
Net movement in funds		3p054 224	(122p948)	2,931,276	(724,244)
Reconciliation ofFunds:
Total Funds brought forward		15232'160	2751p624	17983p784	18708p028
Total Funds carried forward		18,286,384	2,628,676	20,915,060	17,983,784

					TotalFunds	TotalFunds
				Note	2021	2020
					6	6
Fixed Assets
Intangible Assets				12	325,250	260,742
Tangible assets				13	7,590,506	7,939,995
Investments					7,654,648	6,466,762
					15,570,404	14,667,499
Current Assets
Stocks				14	192,834	213,378
Debtors				16	3,137,920	3,390,785
Cash at bank and	in hand				4,747,069	666,509
					8,077,823	4,270,672
Liabilities
Creditors: Amounts		falling due within one year		17	(2,733,167l	(954,3871
Net current assets					5,344,656	3,316,285
Total assets less current			liabilities		20,915,060	17,983,784
Total net assets					20,915,060	17,983,784
The Funds ofthe Group:
Restricted Income	Funds			21	2,628,676	2,751,624
Unrestricted Income Funds				22	18,286,384	15,232,160
Total Consolidated		Funds			20,915,060	17,983,784

					Total Funds	Total Funds
				Note	2021	2020
					6	6
Fixed Assets
Intangible Assets				12	325,250	260,742
Tangible assets				13	7,480,589	7,862,094
Investments				9	7,655,148	6,467,262
					15,460,987	14,590,098
Non-Current Assets
Debtors due after	more		than one year	15	320,590	774,775
Current Assets
Debtors				16	3,128,761	3,383,547
Cash at bank and	in	hand			4,695,150	616,103
					8,144,501	4,774,425
Liabilities
Creditors: Amounts		falling due within one year		17	i2,716,270)	(943,773)
Net current assets					5,428,231	3,830,652
Total assets less current			liabilities		20,889,218	18,420,750
Total net assets					20,889,218	18,420,750
The Funds ofthe Charity:
Restricted Income	Funds			21	2,628,676	2,751,624
Unrestricted Income		Funds		22	18,260,542	15,669,126
Total Charity Funds					20,889,218	18p420,750

				2021	2020
				6	6
Cash flows from operating activities:
Net cash provided by/(used in) operating	activities		26	2,235,923	(240,390)
Net cash provided by/(used in) operating	activities			2,235,923	(240,390)
Cash flows from Investing Activities
Dividends, interest and rent from investments				183,028	174,526
Proceeds from the sale ofproperty,	plant, and	equipment		400	599,885
Purchase ofproperty, plant and equipment				(159,761)	(372,776)
Purchase of intangible assets				(84,384)	(145,293)
Purchase ofinvestments				(1,360,232)	(1,077,031)
Disposal ofinvestments				1,112,630	888,201
Movement in cash held for investment				152,956	90,874
Net cash (used in)/provided by investing	activities			(155,363)	158,386
Cash flows from financing activities
New bank loan				2,000,000
Net cash provided by financing activities				2,000,000
Change in cash and cash equivalents in the reporting		period		4,080,560	(82,004)
Cash and cash equivalents at the beginning ofthe reporting
period				666,509	748,513
Cash and cash equivalents at the end ofthe reporting		period		4,747,069	666,509

			Total			Total
	Unrestricted	Restricted	Funds	Unrestricted	Restricted	Funds
	Funds	Funds	2021	Funds	Funds	2020
	f	f	f	f	f	f
Private donations and
'in memory'	1,283,845		1,283,845	1,430,655		1,430,655
Legacies	1,360,932	1,355,433	2,716,365	2,133,626	291,134	2,424,760
Revenue Grants	170,560	183,100	353,660	68,262	364,889	433,151
	2~815p337	1~538p533	4p353p870	3p632p543	656p023	4 288p566
Included in the above legacies isf2,076,005 (2020:f2,189,282)				which has been	recognised
in line with accounting	policy, which	had not been	received by the Charity at the		year end.
Other Trading Activities
			Total			Total
	Unrestricted	Restricted	Funds	Unrestricted	Restricted	Funds
	Funds	Funds	2021	Funds	Funds	2020
	f		f	f	f	f
Charity Shop income	1,468,454		1,468,454	4,736,326		4,736,326
Lottery income	768,719		768,719	818,651		818,651
Funeral Home income	215,521		215,521	174,939		174,939
Ancillary Trading	62,984		62,984	48,561		48,561
	2,515,678		2,515,678	5,778,477		5,778,477
Income from Investments
			Total			Total
	Unrestricted	Restricted	Funds	Unrestricted	Restricted	Funds
	Funds	Funds	2021	Funds	Funds	2020
	f	f	f			f
Dividend income	136,828		136,828	139,532		139,532
Bank Interest
Receivable	2,486		2,486	7,277		7,277
Rents received	43,568		43,568	26,664		26,664
Birds Farm &
Investment property	146		146	1,053		1,053
Gain on disposal ofa
fixed asset held for the
use ofthe Charity	400		400	3,288		3,288
	183p428		183,428	177,814		177,814

Activities
						Total			Total
				Unrestricted	Restricted	Funds	Unrestricted	Restricted	Funds
				Funds f	Funds f	2021 f	Funds f	Funds f	2020 f
IVHS Primary		Care Trust			2,340,668	2,340,668		2,587,596	2,587,596
Hospice UK		—Covid
Funding					2,384,287	2,384,287
Other Charitable			income	28,065	141,771	169,836	39,894		39,894
				28,065	4,866,726	4,894,791	39,894	2,587,596	2,627,490
Other Income
						Total			Total
				Unrestricted	Restricted	Funds	Unrestricted	Restricted	Funds
				Funds f	Funds f	2021 f	Funds f	Funds f	2020 f
Government		Grant - Retail,
Hospitality	and		Leisure
Grant Fund				400,703		400,703	545,000		545,000
Government		Grant-
Coronavirus		Job	Retention
Scheme				716,875		716,875	21,991		21,991
Other income				30,864		30,864	3,703		3,703
				1,148,442		1,148,442	570,694		570,694

Raising F	und	s
								Total
			Unrestricted	Restricted	Total Funds	Unrestricted	Restricted	Funds
			Funds	Funds	2021	Funds	Funds	2020
			6	6	6	6	6
Costs ofgenerating
voluntary	income		647,219		647,219	825,907		825,907
Shop costs			3,173,156		3,173,156	4,265,713		4,265,713
Lottery costs			221,029		221,029	321,615		321,615
Funeral Home		costs	276,839		276,839	497,318		497,318
Investment
Management		Fees	43,212		43,212	42,569		42,569
			4,361,455		4,361,455	5,953,122		5,953,122
Allocation	of
Support Costs
								Total
				Support	Total Costs		Support	Costs
			Direct Costs	Costs	2021	Direct Costs	Costs	2020
			6	6	6	6	6	6
Voluntary	Income
Generation	costs		516,717	130,502	647,219	704,033	121,874	825,907
Shop costs			2,848,393	324,763	3,173,156	3,809,564	456,149	4,265,713
Lottery costs			200,845	20,184	221,029	311,011	10,604	321,615
Funeral Home		costs	250,023	26,816	276,839	479,671	17,647	497,318
Investment
Management		Fee	43,212		43,212	42,569		42,569
			3 859p190	502p265	4361~455	5346848	606p274	5953'122

								Total						Total
			Unrestricted			Restricted		Funds	Unrestricted		Restricted			Funds
					Funds		Funds	2021		Funds		Funds		2020
					f		f	f		f		f		f
	In-patient	units		65,166		3,617,816 3,682,982			3,446,983		1,647,827		5,094,810
	Community	Care		47,033		2,910,391 2,957,424			912,967		1,588,060		2,501,027
	Education			256,312				256,312	252,273					252,273
				368,511		6,528,207 6,896,718			4,612,223		3,235,887		7,848,110
							Support Total Costs					Support	Total Costs
			Direct		Costs		Costs	2021	Direct	Costs		Costs		2020
					f		f	f		f		f		f
	In-patient	units		2,968,027			714,955 3,682,982		4,356,323			738,487	5,094,810
	Community	Care		2,258,769			698,655 2,957,424		2,026,413			474,614	2,501,027
	Education			195,773			60,539	256,312	206,408			45,865		252,273
			5~422p569			1~474p149 6p896 718			6 589p144		1	258p966	Tp848p110
8.	Allocation	ofsupport	costs
							Costs of
							Generating	In-	Comm-
		Retail					Voluntary	patient	unity			Total		Total
		Trading	Lottery		Funerals		Income	Units	Care	Education		2021		2020
Staff
costs/salaries		220,558	13,708		18,213		88,629	485,551	474,481	41,113		1,342,253		1,298,822
General Office		40,100	2,492		3,311		16,114	88,279	86,266	7,475		244,037		252,092
Finance Office		3,965		246		327	1,593	8,729	8,530		739	24,129		42,836
IT~		46,749	2,906		3,860		18,785	102,916	100,570	8,714		284,500		232,392
Legal/professional		8,204		510		677	3,297	18,061	17,649	1,530		49,928		20,577
Audit		5,187		322		428	2,084	11,419	11,159		968	31,567		18,521
		324763	20	184	26	816	130p502	714p955	698~655	60p539		1976p414		1~865~240

Net gains/(losses) on investments	Net gains/(losses) on investments
Group &Charity			2021	2020
			6	6
Net unrealised investment	gains/(losses)	on disposals ofinvestments	10,064	(336,563)
Net realised gains/(losses)	on investments		1,083,176	(29,490)
Net gains/(losses) on investments			1,093,240	(366,053)
Listed Investments
Group &Charity
Movement in market value:			2021	2020
			6	6
Market Value at 1April			6,326,762	6,594,860
Acquisitions at cost			1,360,232	1,077,031
Disposals			(1,112,630)	(888,201)
Net investments gains/(losses)			1,093,240	(366,054)
Movement in cash held for	investment		(152,956)	(90,874)
Market Value at31March			7,514,648	6,326,762
Historical Cost			5,709,730	5,285,664
Investment Properties
Group &Charity
Market Value at 31March			140,000	140p000

Investments	in subsidiaries
Charity
		2021	2020
		6	6
At 1April		500	500
Acquisitions	at cost
At 31March		500	500

Analysis ofinvestments	at31March 2021between	funds
Group			Unrestricted	Total Funds	Total Funds
			Funds	2021	2020
			6	6	6
Listed Investments
UK quoted fixed interest securities			1,029,577	1,029,577	964,949
Overseas fixed interest	securities		598,830	598,830	535,580
UK quoted shares			1,618,989	1,618,989	1,268,059
			3,247,396	3,247,396	2,768,588
Other Investments
UK Investment property			140,000	140,000	140,000
Overseas investments			2,555,071	2,555,071	2,024,248
Other UK investments			1,545,585	1,545,585	1,214,374
UK cash			166,596	166,596	319,552
TOTAL			7,654,648	7,654,648	6,466,762
Analysis ofinvestments	at 31March 2021between	funds
Charity			Unrestricted	Total Funds	Total Funds
			Funds	2021	2020
			6	6	6
Listed Investments
UK quoted fixed interest	securities		1,029,577	1,029,577	964,949
Overseas fixed interest securities			598,830	598,830	535,580
UK quoted shares			1,618,989	1,618,989	1,268,059
			3,247,396	3,247,396	2,768,588
Other Investments
UK Investment property			140,000	140,000	140,000
UK Group undertakings			500	500	500
Overseas investments			2,555,071	2,555,071	2,024,248
Other UK investments			1,545,585	1,545,585	1,214,374
UK cash			166,596	166,596	319,552
TOTAL			7,655,148	7,655,148	6,467,262

This is stated	after chargi	ng:
					2021	2020
					6	6
Staff pension	contributions				714,106	656,094
Depreciation					509,250	528,805
Amortisation					19,876	23,585
Impairment						200,422
Operating lease costs					554,754	613,298
Redundancy	costs				36,998	275,029
Audit Fees payable to the		Company's	auditor:
-Audit ofgroup and parent consolidated				accounts	15,662	12,121
-Audit ofthe	Company's	subsidiaries			5,650	3,100
-Taxation services					3,640	1,650
-Other services					6,615	1,650
Total amount	payable to	the Company's		auditor	31,567	18,521

Total staff co	st	s were as follows:
							2021	2020
							E	6
Wages tk Salaries							6,366,232	7,593,598
Social Security							524,170	608,942
Other pension		costs					714,106	656,094
							7,604,508	8,858,634
During the year		Trustees were reimbursed		expenses of6189(2020:6129).No trustees received any
remuneration	in either year. The average number				ofemployees	(headcount)	during the year	was 329
(2020:410).
The full-time	equivalent staff numbers		were as follows:
							2021	2020
Clinical							108	93
Clinical support		staff					0	30
Education staff							3	4
Fundraising,	charity shops and lottery		staff				56	89
Administration		staff					36	42
							203	258

	Goodwill	Software	Total
	6	6	6
Cost
As at 1April 2020	222,691	262,058	484,749
Additions		84,384	84,384
Disposafs
As at 31March 2021	222,691	346p442	569,133
Amortisation
As at 1April 2020	222,691	1,316	224,007
Charge for the year		19,876	19,876
Impairment
Disposals
As at 31March 2021	222,691	21,192	243,883
Net BookValue
As at31March 2021		325,250	325,250
As at 31stMarch 2020		260,742	260,742

Charity
	Goodwill	Software	Total
	6	6	6
Cost
As at 1April 2020		262,058	262,058
Additions		84,384	84,384
Disposals
As at31March 2021		346,442	346,442
Amortisation
As at 1April 2020		1,316	1,316
Charge for the year		19,876	19,876
Impairment
Disposals
As at31March 2021		21,192	21,192
Net BookValue
As at 31March 2021		325p250	325,250
As at 31stMarch 2020		260,742	260,742

Tangible Fixed Assets Group
	Freehold
	Property &
	Assets	Fixtures,		Leasehold
	under	Fittings &	Motor	Property
	Construction f	equipment f	Vehicles f	Improvements f	Total f
Cost
As at 1April 2020	10,343,159	4,219,994	84,598	1,074,833	15,722,584
Additions		109,835		49,926	159,761
Disposals
As at 31March 2021	10,343,159	4,329,829	84,598	1,124,759	15,882,345
Depreciation
As at 1April 2020	3,046,208	3,756,016	72,665	907,700	7,782,589
Charge for the year	200,065	222,622	3,605	82,958	509,250
Disposals
impairment
As at 31March 2021	3,246,273	3,978,638	76,270	990,658	8,291,839
Net BookValue
As at 31March 2021	7)096,886	351,191	8,328	134p101	7 590p506
As at 31stMarch 2020	Tp296p951	463978	11,933	167,133	7,939,995
Charity
	Freehold
	Property &
	Assets	Fixtures,		Leasehold
	under	Fittings &	Motor	Property
	Construction f	equipment f	Vehicles f	Improvements f	Total f
Cost
As at 1April 2020	10,343,159	4,166,412	81,088	1,026,713	15,617,372
Additions		62,663		49,926	112,589
Disposals
As at31March 2021	10,343,159	4,229,075	81,088	1,076,639	15,729,961
Depreciation
As at 1April 2020	3,046,208	3,742,216	70,690	896,164	7,755,278
Charge for the year	200,065	213,629	2,655	77,745	494,094
Disposals
Impairment
As at31March 2021	3,246,273	3,955,845	73,345	973,909	8,249,372
Net BookValue
As at31March 2021	7,096,886	273,230	7,743	102,730	7,480,589
As at 31stMarch 2020	7,296,951	424,196	10,398	130,549	7,862,094

Annual Stocks	Repo	rt and		ons	olidated Financial Statem	ents 2020/	21
							Group						Charity
						2021		2020					2021	2020
						6		6					6	6
New goods purchased				for	resale	192,834		213,378
						192,834		213,378
Debtors	due	after more			than one year
							Group						Charity
						2021		2020					2021	2020
						6		6					6	6
Amounts	due from subsidiary undertakings												320,590	774,775
													320p590	774,775
Determining		whether		balances due from subsidiaries are			recoverable requires				an	estimation ofthe value in
use ofthe cash generating units from which the balances							are due. The value			in use calculation requires the
group to	estimate future				cash flows expected to arise from the cash-generating						unit. Key assumptions			within
these estimates include					the future performance	ofthe business, the long-term					growth		rate and a suitable
discount	rate	in order to			calculate present value. Performance			ofthe funerals			business		has been seriously
hampered	by	Covid	in the year to 31March 2021 and there is uncertainty						regarding the future performance of
this new	business as			we	emerge from the pandemic. The		Trustees have therefore					recognised af508,348
impairment provision				in	the accounts to provide for the balance owed by				St Margaret's				Funerals and	Hospice
Funerals	LLPto reflect this uncertainty.
Debtors						Group							Charity
						2021		2020					2021	2020
						6		6					f	6
Trade Debtors						107,711		112,948					105,257	110,458
Other Debtors						214,480		78,924					212,419	78,924
Legacy accrued		income				2,076,005		2,189,282					2,076,005	2,189,282
Prepayments and accrued income						739,724		1,009,631					735,080	1,004,883
						3,137,920		3,390,785					3 128p761	3p383 547
Creditors:	Amounts		falling due within one year
						Group							Charity
						2021		2020					2021	2020
						6		6					6	6
Bank Loan						2,000,000							2,000,000
Trade Creditors						153,262		413,447					147,473	409,998
Prepaid Lottery		subscriptions				88,067		97,902					88,067	97,902
Accruals						279,556		177,175					277,322	176,146
Amounts due to subsidiary					undertakings								200	200
Taxation and Social Security						130,169		128,019					130,169	128,019
Other Creditors						82,113		137,844					73,039	131,508
						2,733,167		954,387					2p716p270	943p773

An analysis ofthe maturity	An analysis ofthe maturity	ofloans is given below:
			2021	2020
			E	E
Amounts	falling due within	one year or on demand:
Bank loan			2,000,000

	Property	Equipment	Property	Equipment
	2021	2021	2020	2020
	E	E	E	f
Not later than one year	385,769	19,040	441,079	19,040
Later than one year, not later than five years	544,354	20,011	824,692	39,051
Later than five years	50,416		80,916
	980,539	39,051	1,346,687	58,091

Restricted Inco	me Funds
Charity/Group					Transfer
		Balance at			from	Balance at
		1April 2020	Income	Expenditure	Unrestricted	31March 2021
		6	6	E	6	6
NHS Grant Provision			2,340,668	(2,340,668)
Yeovil Appeal		1,459,798		(40,520)		1,419,278
Taunton Appeal		1,020,202		(26,847)		993,355
Trusts, DOH, CCG		60,175		(1,280)		58,895
Health Education	England		141,771	(141,771)
Legacies for use at Yeovil
Hospice			1,355,433	(1,355,433)
CCG Capital Grant		113,987		(30,522)		83,465
Hospice UK —Covid Funding			2,384,287	(2,384,287)
Donations from Charitable
Trusts		97,462	183,100	(206,879)		73,683
		2p751p624	6p405~259	(6J528p207)		2,628,676

		Balance at				Balance at
		1April			Gains &	31March
		2020	Income	Expenditure	Losses	2021
		E	E	E	6	E
General funds		15,184,829	6,690,950	(4,729,966)	1,093,240	18,239,053
Designated	funds:
Funds to be	spent in accordance
with donor's	request	47,331				47,331
		15,232,160	6,690,950	(4,729,966)	1,093,240	18,286,384
Charity
		Balance at				Balance at
		1April			Gains &	31March
		2020	Income	Expenditure	Losses	2021
		E	E	E	E	E
General funds		15,621,795	6,057,737	(4,559,561)	1,093,240	18,213,211
Designated	funds:
Funds to be	spent in accordance
with donor's	request	47,331				47,331
		15,669,126	6,057,737	(4,559,561)	1,093,240	18,260,542

							Net Current
				Tangible	Intangible		assets/
				Fixed	Fixed		(liabilities)
				Assets	Assets	Investments	&provisions	TOTAL
				6	6	6	6	6
Restricted	Income Funds
Yeovil Appeal				1,419,278				1,419,278
Taunton New Build Appeal				993,355				993,355
CCG Capital	Grant			65,551			17,914	83,465
Other restricted			funds	124,579			7,999	132,578
				2,602,763			25,913	2,628,676
Unrestricted		Income Funds		4,987,743	325,250	7,654,648	5,318,743	18,286,384
Total Funds				7,590,506	325,250	7,654,648	5,344,656	20,915,060
Charity
							Net current
				Tangible	Intangible		assets/
				Fixed	Fixed		(liabilities)
				Assets	Assets	Investments	&provisions	TOTAL
				6	6	6	6	6
Restricted	Income Funds
Yeovil Appeal				1,419,278				1,419,278
Taunton New		Build Appeal		993,355				993,355
CCG Capital	Grant			65,551			17,914	83,465
Other restricted			funds	124,579			7,999	132,578
				2,602,763			25,913	2,628,676
Unrestricted		Income Funds		4,877,826	325,250	7,655,148	5,402,318	18,260,542
Total Funds				7,480,589	325,250	7,655,148	5,428,231	20,889,218

wasfnil (2020	:fnil) at the year end.	:fnil) at the year end.
Clarke Willmott	services supplied:
			2021	2020
			f	f
HR and employment		advice	750
Property related	advice			10,430
Business legal advice			1,950	2,100
			2,700	12,530

Se	rvices provid	ed to Lewi-Manning H	ospice Care:
			2021	2020
			f	f
IT	Professional	Services	34,181
			34,181

								2021	2020
								6	6
Net income/(deficit)								2p931,276	(724,244)
Income from investments								(180,542)	(167,249)
Interest receivable								(2,486)	(7,277)
(Gain)/loss on investments								(1,093,240)	366,053
Profit on disposal offixed		assets						(400)	(3,288)
Depreciation								509,250	528,805
Amortisation								19,876	23,585
Impairment of fixed assets									200,422
Decrease in stocks								20,544	34,840
Decrease/(increase)in	debtors							252,865	(419,552)
Increase/(decrease)in	creditors							(221,220)	(72,485)
Net cash inflow/(outflow)		from	operating		activities			2~235p923	(240390)
27.Financial Instruments
The Group has the following	financial		instruments:
							Note	2021	2020
								6	6
Financial assets at fair value	through		profit	and loss				7p654p648	6,466,762
Financial assets that are debt instruments				measured		at
amortised cost
Trade Debtors							16	107,711	112,948
Other Debtors							16	214,480	78,924
								322,191	191p872
Financial liabilities measured	at amortised			cost
Trade Creditors							17	153,262	413,447
Prepaid lottery subscriptions							17	88,067	97,902
Other creditors							17	82,113	137,844
								323,442	649,193

			2021	2020
			6	6
Turnover			353,987	788,598
Cost ofSales			(186,992)	(445,325)
Gross Profit			166,995	343,273
Other operating	income		10,518	11,564
Administrative	expenses		(171,593)	(330,273)
Profit			5,920	24,564
Paid under gift	aid to charity		(5,920)	(14,002)
Profit for the year				10,562
Analysis ofnet	assets/(liabilities)	ofsubsidiary
Stock			187,029	212,517
Cash at bank			24,351	20,182
Amounts owed	to parent		(211,280)	(232,599)
			100	100
Retained earnings
Called up share	capital		100	100
			100	100

			2021	2020
			6	6
Turnover				7,809
Cost ofSales				(5,071)
Operating	Profit			2,738
Interest payable and similar expenses			(1,636)	(1,935)
(Loss)/Profit for the year			(1,636)	803
Analysis ofnet liabilities/assets		of
subsidiary
Amounts	owed to parent		(54,361)	(52,725)
Total Assets less Liabilities			(54,361)	(52p725)
Retained	earnings		(54,461)	(52,825)
Called up	share capital		100	100
			(54,361)	(52,725)

			2021	2020
			6	6
Turnover			190,521	174,940
Cost ofSales			(86,633)	(98,754)
Gross Profit			103,888	76,186
Administrative Expenses			(172,792)	(327,104)
Other Income			25,000	7,234
(Loss) for the year			(43,904)	(243,684)
Analysis ofnet assets/(liabilities)	ofsubsidiary
Fixed Assets			109,917	77,901
Investments
Stock			5,805	861
Debtors			7,098	7,238
Bank and cash in hand			23,864	23,871
Creditors			(10,649)	(6,545)
Creditors falling due after more	than one year - amounts	owed to	(62,004)	(62,164)
subsidiary
Creditors falling due after more	than one year -amounts	owed to parent	(501,977)	(425,203)
			(427,946)	(384,041)
Retained earnings			(428,046)	(384,141)
Called up share capital			100	100
			(427,946)	(384,041)

			2021	2020
			E	E
Turnover				8,604
Cost ofSales				(2,460)
Gross Profit/(Loss)				6,144
Administrative	Expenses			(25,690)
Other Operating	Income			260,636
Interest payable	and similar expenses			(17,273)
				223,817
Analysis ofnet assets/(liabilities)		ofsubsidiary
Bank and cash in hand			3,704	6,353
Creditors			(4,547)	(4,269)
Amount owed to group			(150,831)	(153,758)
			(151,674)	(151,674)

				2021	2020
				E	E
Contracted	but not provided for in the financial		statements	14,174	35,809
36.2019/20	Statement ofFinancial Activity
					Total Funds
			Unrestricted	Restricted	2020
Income from:
Donations and	Legacies		3,632,543	656,023	4,288,566
Other Trading	Activities		5,778,477		5,778,477
Investments			177,814		177,814
Charitable Activities			39,894	2,587,596	2,627,490
Other Income			570,694		570,694
			10199p422	3p243p619	13~443p041
Expenditure on:
Raising Funds			(5,953,122)		(5,953,122)
Charitable activities			(4,612,223)	(3,235,887)	(7,848,110)
			(10,565,345)	(3,235,887)	(13,801,232)
Net (losses) on	investments		(366,053)		(366,053)
Net income and movement		in funds	(731,976)	7,732	(724,244)
Corporation Tax Charge
Transfer between funds
Net movement	in funds		(731p976)	7p732	(724~244)
Reconciliation	ofFunds:
Total Funds brought forward			15p964p136	2 743g892	18708p028
Total Funds carried forward			15p232p160	2~751624	17p983784


Charity/Group							Transfer	Balance at
				Balance 1			from	31March
				April 2019	Income	Expenditure	Unrestricted	2020
				E	E	E	E	6
NHS Grant Provision					2,587,596	(2,587,596)
Yeovil Appeal				1,500,318		(40,520)		1,459,798
Taunton Appeal				1,047,049		(26,847)		1,020,202
Trusts, DOH, CCG				61,455		(1,280)		60,175
McMillan Funding	for Carers Services				9,191	(9,191)
Health Education	England				119,512	(119,512)
Legacies for use at Yeovil Hospice					291,134	(291,134)
CCG Capital Grant				135,070		(21,083)		113,987
Donations from Charitable		Trusts			236,186	(138,724)		97,462
				2p743p892	3p243p619	(3p235 887)		2,751,624
38.2019/20 Unrestricted		Funds
Group
		Balance at 1				Gains &	Balance at 31
		April	2019	Income	Expenditure	Losses	March 2020
			E	F.	E	E	E
General funds		15,913,161		10,143,219	(10,505,498)	(366,053)	15,184,829
Designated funds:
Funds to be spent	in
accordance with donor's
request		50,975		56,203	(59,847)		47,331
		15~964p136		10199422	(10565345)	(366p053)	15p232 160
Charity		Balance at 1				Gains &	Balance at 31
		April	2019 E	Income f	Expenditure E	Losses E	March 2020 E
General funds		16,122,559		9,164,384	(9,299,095)	(366,053)	15,621,795
Designated funds:
Funds to be spent	in
accordance with donor's
request		50,975		56,203	(59,847)		47,331
		16,173,534		9,220,587	(9,358,942)	(366,053)	15,669,126

Group
						Net current
			Tangible	Intangible		assets/
			Fixed	Fixed		(liabilities)
			Assets	Assets	Investments	&provisions	TOTAL
			6	6	6	6	6
Restricted Income Funds
Yeovil Appeal			1,459,798				1,459,798
Taunton New	Build Appeal		1,020,202				1,020,202
CCG Capital Grant			96,073			17,914	113,987
Other restricted		funds	157,637				157,637
			2,733,710			17,914	2,751,624
Unrestricted	Income Funds		5,206,285	260,742	6,466,762	3,298,371	15,232,160
Total Funds			7,939,995	260,742	6,466,762	3,316,285	17,983,784

Charity
							Net current
				Tangible	Intangible		assets/
				Fixed	Fixed		(liabilities)
				Assets	Assets	Investments	&provisions	TOTAL
				6	6	6	6	6
Restricted	Income Funds
Yeovil Appeal				1,459,798				1,459,798
Taunton New		Build Appeal		1,020,202				1,020,202
CCG Capital	Grant			96,073			17,914	113,987
Other restricted			funds	157,637				157,637
				2,733,710			17,914	2,751,624
Unrestricted		Income Funds		5,128,384	260,742	6,467,262	3,812,738	15,669,126
Total Funds				7,862,094	260~742	6467 262	3p830 652	18~420750