2022-03-31-accounts - St Margaret's Somerset Hospice

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					page
Welcome					3
Trustees' Report					4
Objectives &Activities					4
Our Purpose, Vision, and	Mission				4
Our Values					4
Our Services &Activities					4
Delivering Public Benefit					5
Our Strategic Objectives	& Future Plans				5
Performance 8 Achievements					6
Making our care more accessible					6
Driving engagement with	our community		to improve the way end oflife care is delivered		7
Attracting and retaining a compassionate,			engaged, and flexible	workforce	8
Being an organisation where all staff		and	volunteers can flourish	and thrive	9
Achieving financial sustainability					9
Learning and continually	improve the quality and impact ofall that we do				10
Financial Review					12
Income					12
Expenditure					13
St Margaret's Funeral Business					13
Reserves					13
Investment Policy 8 Performance					13
Structure, Governance &Management					14
Structure					14
Governance					14
Management					16
Reference &Administrative	Details				18
Statement ofTrustees' Responsibilities					19
Audit Report					20
Independent Auditor's Report tothe		Members ofSt Margaret's		Somerset Hospice	20
Financial Statements					24
Consolidated Statement	of Financial	Activities for the year ended 31March 2022			24
Consolidated Statement	of Financial	Position as at the end of31March 2022			25
Charity Statement of Financial Position as			at the end of31March 2022		26
Consolidated Statement	ofCashflaws for		the year ended 31March 2022		27
Accounting Policies					28
Notes tothe Financial Statements					33

		tat	taa
Incoming	resources	14,625	13,096
Resources	expended	(12,683)	(11,258)
Investment	net gain/(loss)	500	1,093
Net movement in funds		2,442	2,931

Principal Bankers:	Principal Bankers:	Barclays Bank pic
		46 North Street, Taunton Somerset,	TA11LZ
Principal Solicitors:		Clarke Willmott Solicitors
		Blackbrook Gate Blackbrook Park Avenue Taunton, Somerset, TA1 2PG
Auditor:		AC Mole, Chartered Accountants
		Stafford House Blackbrook Park Avenue Taunton, Somerset, TA1 ZPX
Investment	Fund	Rathbones Investment Management	Ltd
Managers:		8 Finsbury Circus London, W1J 5FB

					Total Funds	Total Funds
		Note	Unrestricted	Restricted	2022	2021
Income from:
Donations and Legacies			4,536,729	172,455	4,709,184	4,353,870
Other Trading Activities			5,855,394		5,855,394	2,515,678
Investments			268,817		268,817	183,428
Charitable Activities			29,124	3,611,068	3,640,192	4,894,791
Otherlncome			150,946		150,946	1,148,442
			10,841,010	3,783,523	14,624,533	13,096,209
Expenditure on:
Raising Funds		6	(5,445,401)		(5,445,401)	(4,361,455)
Charitable activities		7	(3,288,114)	(3,949,768)	(7,237,882)	(6,896,718)
			(8,733,515)	(3,949,768)	(12,683,283)	(11,258,173)
Net gains on investments		9	500,335		500,335	1,093,240
Net income/(deficit)	and
movement in funds		10	2,607,830	(166,245)	2,441,585	2,931,276
Reconciliation ofFunds:
Total Funds brought	forward		18,286,384	2,628,676	20,915,060	17,983,784
Total Funds carried	forward		20,894,214	2,462,431	23,356,645	20,915,060

				Total Funds	Totalfunds
			Note	2022	2021
					6
Fixed Assets
Intangible Assets			12	328,900	325,250
Tangible assets			13	7,206,130	7,590,506
Investments				8,280,173	7,654,648
				15,815,203	15,570,404
Current Assets
Stocks			14	168,801	192,834
Debtors			16	3,914,568	3,137,920
Cash at bank and in hand				4,464,797	4,747,069
				8,548,166	8,077,823
Liabilities
Creditors: Amounts	falling due within one year		17	l1,006,724l	(2,733,167)
Net current assets				7,541,442	5,344,656
Total assets less current		liabilities		23,356,645	20,915,060
Total net assets				23,356,645	20p915,060
The Funds ofthe Group:
Restricted Income	Funds		21	2,462,431	2,628,676
Unrestricted Income Funds			22	20,894,214	18,286,384
Total Consolidated	Funds			23,356.645	20,915,060

					Total Funds	Total Funds
				Note	2022	2021
					6	6
Fixed Assets
Intangible Assets				12	328,900	325,250
Tangible assets				13	7,206,130	7,480,589
Investments				9	8,280,673	7,655,148
					15,815,703	15,460,987
Non-Current Assets
Debtors due after	more than one year			15	236,799	320,590
Current Assets
Debtors				16	3,903,392	3,128,761
Cash at bank and	in	hand			4,429,883	4,695,150
					gp333,275	7,823,911
Liabilities
Creditors: Amounts		falling due within one year		17	(1,002,042)	(2,716,270)
Net current assets					7,331,233	5,107,641
Total assets less current			liabilities		23,383,735	20,889,218
Total net assets					23,383,735	20,889,218
The Funds ofthe	Charity:
Restricted Income	Funds			21	2,462,431	2,628,676
Unrestricted Income		Funds		22	20,921,304	18,260,542
Total Charity Funds					23,383,735	20,889,218

				2022	2021
				6	6
Cash flows from operating activities:
Net cash provided by operating activities			26	1,772,596	2,235,923
Net cash provided by operating activities				1,772,596	2r235,923
Cash flows from Investing Activities
Dividends, interest and rent from investments				268,400	183,028
Proceeds from the sale of property,	plant, and equipment			417	400
Purchase of property, plant, and equipment				(159,003)	(159,761)
Purchase of intangible assets				(39,493)	(84,384)
Purchase of investments				(1,105,994)	(1,360,232)
Disposal of investments				1,091,715	1,112,630
Movement in cash held for investment				(110,910)	152,956
Net cash provided by/(used in) investing	activities			(54,868)	(155,363)
Cash flows from financing activities
Bank Loan (repaid)/received				(2,000,000)	2,000,000
Net cash provided by financing activities				(2,000,000)	2,000,000
Change in cash and cash equivalents in the reporting		period		(282,272)	4,080,560
Cash and cash equivalents at the beginning ofthe reporting
period				4,747,069	666,509
Cash and cash equivalents at the end of	the reporting	period		4,464,797	4,747,069

				Total			Total
		Unrestricted	Restricted	Funds	Unrestricted	Restricted	Funds
		Funds	Funds	2022	Funds	Funds	2021
		f	f	f	f	f	f
Private donations	and
'in memory'		1,201,677		1,201,677	1,283,845		1,283,845
Legacies		3,207,848	66,364	3,274,212	1,360,932	1,355,433	2,716,365
Revenue Grants		127,204	106,091	233,295	170,560	183,100	353,660
		4p536 729	172455	4709g184	21815p337	1538533	4353870

				Total			Total
		Unrestricted	Restricted	Funds	Unrestncted	Restricted	Funds
		Funds	Funds	2022	Funds	Funds	2021
		f		f	f		f
Charity	Shop income	4,960,367		4,960,367	1,468,454		1,468,454
Lottery	income	682,564		682,564	768,719		768,719
Funeral	Home income	170,342		170,342	215,521		215,521
Ancillary	Trading	42,121		42,121	62,984		62,984
		5,855,394		5,855,394	2,515,678		2,515,678
Income	from Investments
				Total			Total
		Unrestricted	Restricted	Funds	Unrestricted	Restricted	Funds
		Funds	Funds	2022	Funds	Funds	2021
		f	f	f	f	f	f
Dividend	income	172,247		172,247	136,828		136,828
Bank Interest
Receivable		3,925		3,925	2,486		2,486
Rents received		92,089		92,089	43,568		43,568
Birds Farm &
Investment property		139		139	146		146
Gain on	disposal ofa
fixed asset held for the
use ofthe Charity		417		417	400		400
		268,817		268p817	183,428		183,428

Income fro Activities		m Charitable
					Total			Total
			Unrestricted	Restricted	Funds	Unrestricted	Restricted	Funds
			Funds	Funds	2022	Funds	Funds	2021
			E	E	E	E	E	E
NHS Primary		Care Trust	29,000	2,798,812	2,827,812		2,340,668	2,340,668
Hospice UK	—Covid
Funding				650,656	650,656		2,384,287	2,384,287
Other Charitable Income			124	161,600	161,724	28,065	141,771	169,836
			29,124	3,611,068	3,640,192	28,065	4,866,726	4,894,791
Other Income
					Total			Total
			Unrestricted	Restricted	Funds	Unrestricted	Restricted	Funds
			Funds	Funds	2022	Funds	Funds	2021
			E	E	E	E	E	E
Government		Grant - Retail,
Hospitality	and Leisure
Grant Fund			106,865		106,865	400,703		400,703
Government		Grant-
Coronavirus		Job Retention
Scheme			13,550		13,550	716,875		716,875
Otherincome			30,531		30,531	30,864		30,864
			150,946		150,946	1,148,442		1,148,442

Raising	Fund	s
								Total
			Unrestricted	Restricted	Total Funds	Unrestricted	Restricted	Funds
			Funds	Funds	2022	Funds	Funds	2021
			E	E	E	E	E	E
Costs of	generating
voluntary	income		667,486		667,486	647,219		647,219
Shop costs			4,062,238		4,062,238	3,173,156		3,173,156
I ottery costs			279,388		279,388	221,029		221,029
Funeral	Home	costs	388,272		388,272	276,839		276,839
Investment
Management		Fees	48,017		48,017	43,212		43,212
			5,445,401		5,445,401	4,361,455		4,361,455

Support C	osts
								Total
				Support	Total Costs		Support	Costs
			Direct Costs	Costs	2022	Direct Costs	Costs	2021
			E	E	E	E	E	E
Voluntary	Income
Generation	costs		528,385	139,101	667,486	516,717	130,502	647,219
Shop costs			3,472,344	589,894	4,062,238	2,848,393	324,763	3,173,156
Lottery costs			259,036	20,352	279,388	200,845	20,184	221,029
Funeral Home		costs	358,137	30,135	388,272	250,023	26,816	276,839
Investment
Management		Fee	48,017		48,017	43,212		43,212
			4,665,919	779,482	Sp445~401	3p859p190	502265	4361455

Costs of	Charitable	Activities by Fund	Type
				Total			Total
		Unrestricted	Restricted	Funds	Unrestricted	Restricted	Funds
		Funds	Funds	2022	Funds	Funds	2021
		f	f	f	f	f	f
In-patient	unit	1,787,862	2,186,014	3,973,876	65,166	3,617,816	3,682,982
Community	Care	1,231,311	1,763,754	2,995,065	47,033	2,910,391	2,957,424
Education		268,941		268,941	256,312		256,312
		3,288,114	3,949,768	7,237,882	368~511	6p528~207	6p896~718
			Support	Total Costs		Support	Total Costs
		Direct Costs	Costs	2022	Direct Costs	Costs	2021
		f	f	f	f	f	f
In-patient	unit	3,240,885	732,991	3,973,876	2,968,027	714,955	3,682,982
Community	Care	2,305,428	689,637	2,995,065	2,258,769	698,655	2,957,424
Education		202,464	66,477	268,941	195,773	60,539	256,312
		5,748,777	1,489,105	7,237,882	5,422,569	1,474,149	6,896,718

				Costs of
			Funeral	Generating	In-
	Shop		Home	Voluntary	patient	Community		Total	Total
	Costs	Lottery	Costs	Income	Unit	Care	Education	2022	2022
Staff
costs/salaries	402,581	13,890	20,566	94,932	500,240	470,652	45,367	1,548,228	1,342,253
General Office	62,595	2,160	3,198	14,760	77,779	73,178	7,053	240,723	244,037
Finance Office	4,989	172	255	1,176	6,199	5,833	563	19,187	24,129
Information
Technology	108,058	3,728	5,520	25,481	134,270	126,329	12,177	415,563	284,500
Legal/professional	4,153	143	212	979	5,161	4,855	469	15,972	49,928
Audit	7,518	259	384	1,773	9,342	8,790	848	28,914	31,567
	589,894	20,352	30,135	139,101	732,991	689,637	66,477	2,268,587	1,976,414

Net gains/(lasses) on investments	Net gains/(lasses) on investments	Net gains/(lasses) on investments
Group &Charity						2022	2021
						f	f
Net unrealised investment		gains on disposals of		investments		504,388	10,064
Net realised (losses)/ gains		on investments				(4,053)	1,083,176
Net gains on investments						500,335	1,093,240
Listed Investments
Group &Charity
Movement in market value:						2022	2021
						f	f
Market Value at 1April						7,514,648	6,326,762
Acquisitions at cost						1,105,994	1,360,232
Disposals						(1,091,715)	(1,112,630)
Net investments gains						443,680	1,093,240
Movement in cash held	for	investment				110,910	(152,956)
Market Value at31March						8,083,517	7,514,648
Histo rica I Cost						6,060,410	5,709,730
Investment Properties
Group &Charity
Market Value at 31March						196,656	140,000
The fair value ofinvestment	properties		is based	upon the market value.
Properties are periodically	valued by an		external	professional	valuer.
Investments in subsidiaries
Charity
						2022	2021
						f	f
At 1April						500	500
Acquisitions at cost
At 31March						500	500

Group			Unrestricted	Total Funds	Total Funds
			Funds	2022	2021
			f	f	f
Listed Investments
UK quoted fixed interest	securities		1,063,547	1,063,547	1,029,577
Overseas fixed interest	securities		580,370	580,370	598,830
UK quoted shares			1,678,490	1,678,490	1,618,989
			3,322,407	3,322,407	3,247,396
Other Investments
UK Investment property			196,656	196,656	140,000
Overseas investments			2,722,419	2,722,419	2,555,071
Other UK investments			1,761,185	1,761,185	1,545,585
UK cash			277,506	277,506	166,596
TOTAL			8,280,173	8,280,173	7,654,648
Analysis ofinvestments	at 31March 2022 between	funds
Charity			Unrestricted	Total Funds	Total Funds
			Funds	2022	2021
			f	f	f
Listed Investments
UK quoted fixed interest	securities		1,063,547	1,063,547	1,029,577
Overseas fixed interest	securities		580,370	580,370	598,830
UK quoted shares			1,678,490	1,678,490	1,618,989
			3,322,407	3,322,407	3,247,396
Other Investments
UK Investment property			196,656	196,656	140,000
UK Group undertakings			500	500	500
Overseas investments			2,722,419	2,722,419	2,555,071
Other UK investments			1,761,185	1,761,185	1,545,585
UK cash			277,506	277,506	166,596
TOTAL			8,280,673	gp280,673	7,655,148

This is stated after charging:	This is stated after charging:
				2022	2021
				E	E
Staff pension contributions				683,449	714,106
Depreciation				432,383	509,250
Amortisation				35,843	19,876
Impairment ofstock —assets held for		sale		87,881
Operating lease costs				533,728	554,754
Redundancy costs					36,998
Audit Fees payable to the	Company's	auditor:
-Audit ofgroup and parent consolidated			accounts	13,009	15,662
-Audit ofthe Company's	subsidiaries			5,650	5,650
—Taxation services				3,640	3,640
—Other services				6,615	6,615
Total amount payable to	the Company's		auditor	28,914	31,567

Total s	taff costs were as follows:
		2022	2021
		6	f
Wages	&Salaries	6,652,668	6,366,232
Social	Security	565,045	524,170
Other	pension costs	683,449	714,106
		7,901,162	7,604,508

The full-time	equivalent staff numbers were as follows:
		2022	2021
Clinical		102	108
Education staff		3	3
Fundraising,	charity shops and lottery staff	83	56
Administration	staff	35	36
		223	203

	Goodwill	Software	Total
	f	f	f
Cost
As at 1April 2021	222,691	346,442	569,133
Additions		39,493	39,493
Disposals
As at 31March 2022	222,691	385,935	608,626
Amortisation
As at 1April 2021	222,691	21,192	243,883
Charge for the year		35,843	35,843
Disposals
As at 31March 2022	222,691	57,035	279,726
Net Book Value
As at 31March 2022		328,900	328,900
As at 31March 2021		325,250	325,250

	Goodwill	Software	Total
	f	f	f
Cost
As at 1April 2021		346,442	346,442
Additions		39,493	39,493
Disposals
As at 31March 2022		385,935	385,935
Amortisation
As at 1April 2021		21,192	21,192
Charge for the year		35,843	35,843
Disposals
As at 31March 2022		57,035	57,035
Net BookValue
As at 31March 2022		328,900	328,900
As at 31March 2021		325,250	325,250

Tangible Fixed Assets Group
	Freehold
	Property 8
	Assets	Fixtures,		Leasehold
	under	Fittings &	Motor	Property
	Construction	equipment	Vehicles	Improvements	Total
	f	f	f	f	f
Cost
As at 1April 2021	10,343,159	4,329,829	84,598	1,124,759	15,882,345
Additions	14,461	123,015	15,600	5,927	159,003
Disposals			(3,850)		(3,850)
Transfer to Current Assets		(97,828)	(19,110)	(48,120)	(165,058)
As at31March 2022	10,357,620	4,355,016	77,238	1,082,566	15,872,440
Depreciation
As at 1April 2021	3,246,273	3,978,638	76,270	990,658	8,291,839
Charge for the year	200,190	172731	3,890	55,572	432,383
Disposais			(3,850)		(3,850)
Impairment
Transfer to Current Assets		(28,742)	(4,160)	(21,160)	(54,062)
As at 31March 2022	3,446,463	4,122,627	72,150	1,025,070	8p666,310
Net BookValue
As at 31March 2022	6,911,157	232,389	5,088	57,496	7,206p130
As at 31March 2021	1,096,886	351,191	8,328	134,101	7,590,506
Charity
	Freehold
	Property &
	Assets	Fixtures,		Leasehold
	under	Fittings &	Motor	Property
	Construction	equipment	Vehicles	Improvements	Total
	f	f	f	f	f
Cost
As at 1April 2021	10,343,159	4,229,075	81,088	1,076,639	15,729,961
Additions	14,461	123,015		5,927	143,403
Disposals			(3,850)		(3,850)
As at 31March 2022	10,357,620	4,352,090	77,238	1,082,566	15,869,514
Depreciation
As at 1April 2021	3,246,273	3,955,845	73,345	973,909	8,249,372
Charge for the year	200,190	163,856	2,655	51,161	417,862
Disposals			(3,850)		(3,850)
As at 31March 2022	3,446,463	4,119,701	72,150	1,025,070	8,663,384
Net BookValue
As at 31March 2022	6,911,157	232,389	5,088	57,496	7,206,130
As at 31March 2021	1,096,886	273,230	7,743	102~730	7~480~589

Stocks
					Group					Charity
					2022	2021				2022		2021
					f	f				f.		f
New goods purchased		for resale			145,466	192,834
Assets held for sale					23,335
					168,801	192,834
Debtors due	after more than one year
					Group					Charity
					2022	2021				2022		2021
					f	f				f		f
Amounts due	from subsidiary			undertakings						236,799		320,590
										236,799		320,590
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				two years to31March 2022 and the		St Margaret's			Board decided in July 2022			that
the business	should cease			trading. The Trustees	have therefore	recognised	a	f635,891		(2021:f508,348)
impairment	provision	in the accounts to provide			for the full balance owed by				St Margaret's Funerals		and
Hospice Funerals LLPto reflect the likely amount					recoverable.
Debtors					Group					Charity
					2022	2021				2022		2021
					f	f				f		f
Trade Debtors					125,239	107,711				118,563		105,257
Other Debtors					434,553	214,480				434,553		212,419
Legacy accrued income					2,195,108	2,076,005				2,195,108	2,076,005
Prepayments	and accrued income				1,159,668	739,724				1,155,168		735,080
					3,914,568	3,137,920				3,903,392	3,128,761
Creditors: Amounts		falling		due within one year
					Group					Charity
					2022	2021				2022		2021
					f	f				f		f
Bank Loan						2,000,000					2,000,000
Trade Creditors					437,188	153,262				439,913		147,473
Prepaid Lottery subscriptions					86,572	88,067				86,572		88,067
Accruals					263,184	279,556				262,632		277,322
Amounts due	to subsidiary		undertakings							200		200
Taxation and	Social Security				136,667	130,169				136,667		130,169
Other Creditors					83,113	82,113				76,058		73,039
					1,006,724	2,733,167				1,002,042	2,716,270

An analysis ofthe maturity	An analysis ofthe maturity	of loans is given below:
			2022	2021
			f	f
Amounts	falling due within	one year or on demand:
Bankloan				2,000,000

	Property	Equipment	Property	Equipment
	2022	2022	2021	2021
	f	f	f	f
Not later than one year	360,381	12,008	385,769	19,040
Later than one year, not later than five years	521,378	10,165	544,354	20,011
Later than five years	32,950		50,416
	914,709	22,173	980,539	39,051

			Balance at			Balance at
			1April 2021	Income	Expenditure	31March 2022
			E	E	E	E
NHS Grant Provision				2,798,812	(2,798,812)
Yeovii Appeal			1,419,278		(40,520)	1,378,758
Taunton	Appeal		993,355		(26,847)	966,508
Trusts,	DOH, CCG		58,895		(1,280)	57,615
Health	Education	England		161,600	(161,600)
Legacies for use at Yeovil
Hospice				66,364	(66,364)
CCG Capital Grant			83,465		(30,314)	53,151
Hospice	UK —Covid Funding			650,656	(650,656)
Donations from Charitable
Trusts			73,683	106,091	(173,375)	6,399
			2,628,676	3,783,523	(3,949,768)	2,462,431

			Balance at					Balance at
			1April				Gains &	31March
			2021f	Income f	Expenditure	f	Losses f	2022 f
General funds			18,239,053	10,841,010	(8.733,515)		500,335	20,846,883
Designated	funds:
Funds to be	spent	in accordance
with donor's	request		47,331					47,331
			18,286,384	10,841,010	(8,733,515)		500,335	20,894,214
Charity
			Balance at					Balance at
			1April				Gains &	31March
			2021	Income	Expenditure		Losses	2022
			f	f		f	f	f
General funds			18,213,211	10,325,230	(8,164,803)		500,335	20,873,973
Designated	funds:
Funds to be	spent	in accordance
with donor's	request		47,331					47,331
			18,260,542	10,325,230	(8,164,803)		500,335	20,921,304

						Net Current
			Tangible	Intangible		assets/
			Fixed	Fixed		(liabilities)
			Assets	Assets	Investments	&provisions	TOTAL
			f	f	f	f	f
Restricted	Income Funds
Yeovil Appeal			1,378,758				1,378,758
Taunton New		Build Appeal	966,508				966,508
CCG Capital	Grant		35,237			17,914	53,151
Other restricted funds			57,615			6,399	64,014
			2,438,118			24,313	2,462,431
Unrestricted		Income Funds	4,768,012	328,900	8,280,173	7,517,129	20,894,214
Total Funds			7,206,130	328,900	8,280,173	7,541,442	23,356,645
Charity
						Net current
			Tangible	Intangible		assets/
			Fixed	Fixed		(liabilities)
			Assets	Assets	Investments	&provisions	TOTAL
			f	f	f	f	f
Restricted Income Funds
YeovilAppeal			1,378,758				1,378,758
Taunton New		Build Appeal	966,508				966,508
CCG Capital	Grant		35,237			17,914	53,151
Other restricted funds			57,615			6,399	64,014
			2,438,118			24,313	2,462,431
Unrestricted		Income Funds	4,768,012	328,900	8,280,173	7,543,719	20,921,304
Total Funds			7,206,130	328,900	8,280,173	7,568,032	23,383,735

Clarke Wiiimott servi	ces supplied:
		2022	2021
		6	6
HR and employment	advice		750
Property related advice		12,109
Business legal advice		2,100	1,950
		14,209	2,700

Services provided to Lewis-Manning	Services provided to Lewis-Manning
		2022	2021
		6	6
ITProfessional	Services	9,756	34,181
		9,756	34,181

26. ReconciTiation ofnet incoming resources	26. ReconciTiation ofnet incoming resources	26. ReconciTiation ofnet incoming resources	26. ReconciTiation ofnet incoming resources	26. ReconciTiation ofnet incoming resources	to net cash inflow from operating	to net cash inflow from operating
Activities
Group						2022	2021
						6	6
Net income						2,441,585	2,931,276
Income from investments						(264,475)	(180,542)
Interest receivable						(3,925)	(2,486)
(Gain)/loss on investments						(500,335)	(1,093,240)
Profit on disposal offixed assets						(417)	(400)
Depreciation						432,383	509,250
Amortisation						35,843	19,876
Transfer offixed assets to current assets						110,996
Decrease in stocks						24,033	20,544
(Increase)/decrease	in	debtors				(776,648)	252,865
Increase/(decrease)	in	creditors				273,556	(221,220)
Net cash inflow from operating			activities			1,772,596	2,235,923
27.Financial Instruments
The Group has the following		financial	instruments:
					Note	2022	2021
						6	6
Financial assets at fair value		through	profit	and loss		8,280,173	7,654,648
Financial assets that are	debt instruments			measured	at
amortised cost
Trade Debtors					16	125,239	107,711
Other Debtors					16	434,553	214,480
						559,792	322,191
Financial liabilities measured		at amortised		cost
Trade Creditors					17	437,188	153,262
Prepaid lottery subscriptions					17	86,572	88,067
Other creditors					17	83,113	82,113
						606,873	323,442
The Charity has the following		financial	instruments:
						2022	2021
						6	6
Financial assets at fair value		through	profit	and loss	9	8,280,673	7,655,148
Financial assets that are	debt instruments			measured	at
amortised cost
Trade Debtors					16	118,563	105,257
Amounts owed by group					15	236,799	320,590
Other Debtors					16	434,553	212,419
						789,915	638,266
Financial liabilities measured		at amortised		cost
Trade Creditors					17	439,913	147,473
Prepaid lottery subscriptions					17	86,572	88,067
Other creditors					17	76,058	73,039
						602,543	308,579
							49

			2022	2021
			6	6
Turnover			830,419	353,987
Cost ofSales			(443,614)	(186,992)
Gross Profit			386,805	166,995
Other operating	income		383	10,518
Administrative	expenses		(303,122)	(171,593)
Profit			84,066	5,920
Paid under gift	aid to charity		(84,066)	(5,920)
Profit for the year
Analysis ofnet	assets/(liabilities)	ofsubsidiary
Stock			143,201	187,029
Cash at bank			3,592	24,351
Amounts owed	to parent		(146,693)	(211,280)
			100	100
Retained earnings
Called up share	capital		100	100
			100	100

				2022	2021
				6	6
Turnover				42,316
Cost ofSales				(18,001)
Operating	Profit			24,315
Interest payable		and similar expenses		(1,344)	(1,636)
Profit/(Loss) for the year				22,971	(1,636)
Analysis ofnet liabilities/assets			of
subsidiary
Amounts	owed to parent			(31,390)	(54,361)
Total Assets less		Liabilities		(31,390)	(54,361)
Retained	earnings			(31,490)	(54,461)
Called up	share capital			100	100
				(31,390)	(54,361)

					2022	2021
					6	E
Turnover					170,342	190,521
Cost ofSales					(86,249)	(86,633)
Gross Profit					84,093	103,888
Administrative Expenses					(287,447)	(172,792)
Other Income						25,000
(Loss) for	the year				(203,354)	(43,904)
Analysis ofnet assets/(liabilities)		ofsubsidiary
Assets held for resale					23,335	109,917
Stock					2,265	5,805
Debtors					11,176	7,098
Bank and	cash in hand				27,618	23,864
Creditors					(495)	(10,649)
Creditors	falling due after more	than one year	—amounts	owed to
subsidiary					(62,004)	(62,004)
Creditors	falling due after more	than one year	—amounts	owed to parent	(633,195)	(501,977)
					(631,300)	(427,946)
Retained	earnings				(631,401)	(428,046)
Called up	share capital				100	100
					(631,300)	(427,946)

			2022	2021
			f	f
Turnover
Cost ofSales
Gross Profit/(Loss)
Administrative	Expenses
Other Operating	income
Interest payable	and similar expenses
Analysis ofnet assets/(liabilities)		ofsubsidiary
Bank and cash in hand			3,704	3,704
Creditors			(4,387)	(4,547)
Amount owed to group			(150,831)	(150,831)
			(151,514)	(151,674)

.Capital C	om	mitm	ents
									2022	2021
									E	E
Contracted	but	not	provided	for	in	the	financial	statements	47,313	14,174

				Total Funds
		Unrestricted	Restricted	2021
			E	f
Income from:
Donations and Legacies		2,815,337	1,538,533	4,353,870
Other Trading Activities		2,515,678		2,515,678
Investments		183,428		183,428
Charitable Activities		28,065	4,866,726	4,894,791
Other Income		1,148,442		1,148,442
		6,690,950	6,405,259	13,096,209
Expenditure on:
Raising Funds		(4,361,455)	-	(4,361,455)
Charitable activities		(368,511)	(6,528,207)	(6,896,718)
		(4,729,966)	(6,528,207)(11,258,173)
Net gains on investments		1,093,240		1,093,240
Net income and movement	in funds	gp054p224	(122948)	2p931~276
Reconciliation ofFunds:
Total Funds brought forward		15,232,160	2,751p624	17,983,784
Total Funds carried forward		18,286,384	2,628,676	20,915,060

Charity/Group						Balance at
			Balance 1			31March
			April2020 f	Income f	Expenditure f	2021 f
NHS Grant Provision				2,340,668	(2,340,668)
YeovilAppeal			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
McMillan Funding	for Carers Services			141,771	(141,771)
Health Education	England			1,355,433	(1,355,433)
Legacies for use at Yeovil Hospice					(30,522)	83,465
CCG Capital Grant			113,987	2,384,287	(2,384,287)
Donations from Charitable		Trusts	97,462	183,100	(206,879)	73,683
			2,751,624	6,405,259	(6,528,207)	2,628,676
38.2020/21 Unrestricted		Funds
Group
		Balance at 1			Gains &	Balance at31
		April 2020	Income	Expenditure	Losses	March 2021
		f	f	f	E	f
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 1			Gains &	Balance at31
		April2020	Income	Expenditure	Losses	March 2021
		E	f	f	f	f
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	18,260p542

Group
						Net current
			Tangible	Intangible		assets/
			Fixed	Fixed		(liabilities)
			Assets	Assets	Investments	&provisions	TOTAL
			f	f	f	f	f
Restricted Income Funds
Yeovil Appeal			1,419,278				1,419,278
Taunton New	Build Appeal		993355				993,355
CCG Capital Grant			65,551			17,914	83,465
Other restricted		funds	124,579			7999	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
			f	f	f	f	f
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