2023-03-31-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			5
Delivering Public Benefit			5
Our Strategic Goals & Future Plans			6
Performance &Achievements			6
Progress towards our goals			7
Making our care more accessible			7
Driving engagement with our community	to improve the way end of life care is delivered		8
Attracting and retaining a compassionate,	engaged, and flexible	workforce	10
Being an organisation where all staff and	volunteers can flourish	and thrive	11
Achieving financial sustainability			12
Learning and continually improve the quality and impact of all that we do			13
Financial Review			15
Income			15
Expenditure			16
St Margaret's Funeral Business			17
Reserves			17
Investment Policy &Performance			18
Structure, Governance &Management			19
Structure			19
Governance			19
Management			21
Reference &Administrative Details			23
Statement ofTrustees' Responsibilities			24
Audit Report			25
Independent Auditor's Report to the Members ofSt Margaret's		Somerset Hospice	24
Financial Statements			29
Consolidated Statement of Financial Activities for the year ended 31March 2023			29
Consolidated Statement of Financial Position as at the end of31March 2023			30
Charity Statement of Financial Position as at the end of31March 2023			31
Consolidated Statement ofCashflows for	the year ended 31March 2023		32
Accounting Policies			33
Notes tothe Financial Statements			37

		I I I	I st
Incomin	resources	14,290	14,625
Resources	expended	(13,964)	(12,683)
Investment	net gain/(loss)	(699)	500
Net movement in funds		(373)	2,442

Mr J Langdon	Nominations Committee (Chair), Finance Committee,	Income	Generation	Generation	&
	Marketing Committee
Mr P Colton	Income Generation &Marketing Committee (Chair), Nominations
	Committee, Strategic Development Committee
Dr A Grove (Vice Chair)	Clinical Quality &Education Committee (Chair), Nominations		Committee
Mr KJones	Human Resources & Remuneration Committee (Chair)
Ms N McClean	Finance Committee (Chair)
Mr TSamuel (Vice Chair)	Audit Committee, Strategic Development Committee	(Chair)
Mr PTucker	Audit Committee (Chair), Clinical Quality &Education	Committee
Mr R Cridge	Income Generation & Marketing Committee, Funeral	Marketing		Committee
Rev. TTreanor	Human Resources & Remuneration Committee, Funeral Marketing
	Committee
Mrs EWebber	Income Generation & Marketing Committee, Funeral Marketing			Committee
Ms SSteen	Human Resources &Clinical Quality & Education Committee		(from 12th		Sept
	2022)
Mr TGreenhow	Audit & ITCommittee (from 28th Sept 2022)
Dr N Kennedy	Clinical Quality g Education Committee
Mr J Adam	Audit & ITCommittee, Strategic Development Committee (until			16th
	December 2022)

					Total Funds	Total Funds
		Note	Unrestricted	Restricted	2023	2022
Income from:
Donations and	Legacies		4,067,783	141,640	4,209,423	4,709,184
Other Trading	Activities		6,641,098		6,641,098	5,855,394
Investments			376,170		376,170	268,817
Charitable Activities			100	3,044,749	3,044,849	3,640,192
Other Income			18,287		18,287	150,946
			11103438	3,186,389	14,289,827	14,624,533
Expenditure on:
Raising Funds		6	(5,712,138)		(5,712,138)	(5,445,401)
Charitable activities		7	(4,954,242)	(3,297,123)	(8,251,365)	(7,237,882)
			[20666300	0291123	13963103	~1268328K)
Net (losses)/gains on investments		9	(699,048)		(699,048)	500,335
Net (deficit) /	income and
movement in	funds	10	(261,990)	(110,734)	(372,724)	2,441,585
Reconciliation	ofFunds:
Total Funds brought forward			2018941214	21462431	2313561645	201915060
Total Funds carried forward			2036321224	2351697	2219833921	233561645

				Total Funds	Total Funds
			Note	2023	2022
Fixed Assets
Intangible Assets			12	245,269	328,900
Tangible assets			13	7,089,270	7,206,130
Investments				7,924,543	8,280,173
				15,259,082	15,815,203
Current Assets
Stocks			14	168,119	168,801
Debtors			16	3,983,628	3,914,568
Cash at bank and	in hand			4 879 29	4,464,797
				8,830,954	8,548,166
Liabilities
Creditors: Amounts falling due within one year			17	(1,106,115)	(170067724)
Net current assets				7724839	7342442
Total assets less current		liabilities		22,983,921	23,356,645
Total net assets				22,983,921	23,356,645
The Funds ofthe	Group:
Restricted Income	Funds		21	2,351,697	2,462,431
Unrestricted Income Funds			22	20,632,224	20,894,214
Total Consolidated	Funds			22,983,921	23,356,645

				Total Funds	Total Funds
			Note	2023	2022
				6
Fixed Assets
Intangible Assets			12	245,269	328,900
Tangible assets			13	7,089,270	7,206,130
Investments			9	7,924,943	8,280,673
				15,259,482	15,8153703
Non-Current Assets
Debtors due after more than one year			15	177,027	236,799
Current Assets
Debtors			16	3,983,628	3,903,392
Cash at bank and in	hand			4,670,686	4429883
				8,645,314	8,333,275
Liabilities
Creditors: Amounts	falling due within one year		17	(1,106,315)	1002 042
Net current assets				7,547,999	7,331,233
Total assets less current		liabilities		22,984,508	23,383,735
Total net assets				22,984,508	23,383,735
The Funds ofthe Charity:
Restricted Income Funds			21	2,351,697	2,462,431
Unrestricted Income	Funds		22	20,632,811	20,921,304
Total Charity Funds				22,984,398	23,383,333

						2023	2022
						f	f
Cash flows from operating activities:
Net cash provided by operating activities					26	440,520	1,772,596
Net cash provided by operating activities						440,520	1,772,596
Cash flows from Investing Activities
Dividends, interest and rent from investments						376,070	268,400
Proceeds from the sale ofproperty,		plant, and equipment				100	417
Purchase of property, plant, and	equipment					(249,608)	(159,003)
Purchase of intangible assets						(9,254)	(39,493)
Receipt of investment properties	from		legacy			(210,000)
Purchase ofinvestments						(2,770,717)	(1,105,994)
Disposal ofinvestments						2,419,452	1,091,715
Movement in cash held for investment						217,847	(110,910)
Net cash (used in) investing activities						(226,110)	(54,868)
Cash flows from financing activities
Bank Loan (repaid)							(2,000,000)
Net cash (used in) financing activities							(2,000,000)
Change in cash and cash equivalents	in the		reporting	period		214,410	(282,272)
Cash and cash equivalents at the beginning			ofthe reporting
pel'lod						4,464,797	4,747,069
Cash and cash equivalents at the end	of	the	reporting	period		4,679,207	4,464,797

		Unrestricted	Restricted	Total Funds	Unrestricted	Restricted	Total Funds
		Funds f	Funds f	2023 f	Funds f	Fundsf	2022 f
Private donations	and 'in
memory'		1,257,773		1,257,773	1,201,677		1,201,677
Legacies		2,756,446	68,555	2,825,001	3,207,848	66,364	3,274,212
Revenue Grants		53,564	73,085	126,649	127,204	106,091	233,295
		4,067,783	141,640	4,209,423	4536729	172,455	4,709,184

			Unrestricted	Restricted	Total Funds	Unrestricted	Restricted	Total Funds
			Funds	Funds	2023	Funds	Funds	2022
			f	f	f	f	f	f
Charity	Shop income		5,821,894		5,821,894	4,960,367		4,960,367
Lottery	income		701,180		701,180	682,564		682,564
Funeral	Home income		42,288		42,288	170,342		170,342
Ancillary	Trading		75,736		75,736	42 121		42,121
			6641098		6,641,098	5,855,394		5,855,394
Income	from Investments
			Unrestricted	Restricted	Total Funds	Unrestricted	Restricted	Total Funds
			Funds f	Funds f	2023 f	Funds f	Fundsf	2022f
Dividend	income		177,737		177,737	172,247		172,247
Bank Interest Receivable			90,569		90,569	3,925		3,925
Rents received			107,625		107,625	92,089		92,089
Birds Farm & Investment
property			139		139	139		139
Gain on	disposal	of a fixed
asset held for the		use ofthe
Charity			100		100	417		417
			376,170		376,170	268,817		268,817
Income	from Charitable		Activities
			Unrestricted	Restricted	Total Funds	Unrestricted	Restricted	Total Funds
			Funds	Funds	2023	Funds	Funds	2022
			f	f	f	f	f	f
NHS CCG/ICB				2,802,669	2,802,669	29,000	2,798,812	2,827,812
Hospice	UK —Covid Funding						650,656	650,656
Other Charitable		Income	100	242,080	242,180	124	161,600	161,724
			100	3,044,749	3,044,849	29,124	3,611,068	3,640,192

						Unrestricted	Restricted	Total Funds	Unrestricted	Restricted	Total Funds
						Funds	Funds	2023	Funds	Funds	2022
						f	f	f	f	f	f
Government		Grant		—Retail,
Hospitality		and Leisure Grant
Fund									106,865		106,865
Government		Grant-
Coronavirus		Job Retention
Scheme									13,550		13,550
Other income						18,287		18287	30,531		30,531
						18'287		18,287	150,946		150,946
Expenditure			on Raising		Funds
						Unrestricted	Restricted	Total Funds	Unrestricted	Restricted	Total Funds
						Funds	Funds	2023	Funds	Funds	2022
						f	f	f	f	f	f
Costs ofgenerating				voluntary
income						774,846		774,846	667,486		667,486
Shop costs						4,518,232		4,518,232	4,062,238		4,062,238
Lottery costs						250,842		250,842	279,388		279,388
Funeral Home			costs			122,864		122,864	388,272		388,272
Investment		Management			Fees	45,354		45 354	48,017		48,017
						5,712,138		5,712,138	5,445,401		5,445,401
Allocation		ofSupport Costs
							Support	Total Costs		Support	Total Costs
						Direct Costs f	Costsf	2023 f	Direct Costs f	Costs f	2022 f
Voluntary	Income Generation
costs						626,238	148,608	774,846	528,385	139,101	667,486
Shop costs						3,866,904	651,328	4,518,232	3,472,344	589,894	4,062,238
Lottery costs						237,844	12,998	250,842	259,036	20,352	279,388
Funeral Home			costs			106,894	15,970	122,864	358,137	30,135	388,272
Investment		Management			Fee	45,354		45,354	48,017		48,017
						4883234	828p904	Sp712p138	4665919	779482	5445401

Costs of	Charitable Act	ivities by Fund Type
		Unrestricted	Restricted	Total Funds	Unrestricted	Restricted	Total Funds
		Funds	Funds	2023	Funds	Funds	2022
		f	f	f	f	f	f
In-patient	unit	2,566,667	1,846,829	4,413,496	1,787,862	2,186,014	3,973,876
Community	Care	2,032,540	1,450,294	3,482,834	1,231,311	1,763,754	2,995,065
Education		355,035		355,035	268,941		268,941
		4~954~242	3p297p123	8,251,365	3,288,114	3,949,768	7,237,882
			Support	Total Costs		Support	Total Costs
		Direct Costs f	Costsf	2023 f	Direct Costs f	Costs f	2022 f
In-patient	unit	3,575,602	837,894	4,413,496	3,240,885	732,991	3,973,876
Community	Care	2,722,033	760,801	3,482,834	2,305,428	689,637	2,995,065
Education		268,006	87,029	355,035	202,464	66,477	268,941
		6p565p641	1p685p724	8,251,365	Sp748p777	1g489~105	7p237p882

				Costs of
			Funeral	Generating	In-
	Shop		Home	Voluntary	patient	Community		Total	Total
	Costs	Lottery	Costs	Income	Unit	Care	Education	2023	2022
Staff costs/salaries	441,425	8,809	10,824	100,716	567,868	515,619	58,983	1,704,244	1,548,228
General Office	64,533	1,288	1,582	14,724	83,017	75,379	8,623	249,146	240,723
Finance Office	5,864	117	144	1,338	7,543	6,849	784	22,639	19,187
Information
Technology	116,894	2,333	2,866	26,671	150,377	136,541	15,618	451,300	415,563
Legal/professional	15,960	318	391	3,641	20,532	18,643	2,133	61,618	15,972
Audit	6,652	133	163	1,518	8,557	7,770	888	25,681	28,914
	651,328	12,998	15,970	148,608	837,894	760,801	87,029	2,514,628	2,268,587

Net gains/(losses) on inves	tments
Group &Charity			2023	2022
			6	6
Net unrealised investment (losses)/gains Net realised (losses)/ gains on investments Net (losses)/ gains on investments		on disposals ofinvestments	(627,335) ~71,733) (699,048)	504,388 ~3,333 500,335
Listed Investments
Group &Charity
Movement in market value:			2023	2022
			6	6
Market Value at 1April			8,083,517	7,514,648
Acquisitions at cost			2,770,717	1,105,994
Disposals			(2,419,452)	(1,091,715)
Net investments (losses)/ gains			(741,708)	443,680
Movement in cash held for	investment		(217,847)	110,910
Market Value at 31March			7,475,227	8,083,517
Histo rica I Cost			6,539,986	6,060,410
Investment Properties
Group &Charity
Market Value at 31March			449,316	196,656

Investments in subsidiaries Charity
	2023	2022
	6	6
At 1April	500	500
Disposals	(100)
At 31March	400	500

Analysis ofinvestments	at 31March 2023 between	funds
Group
	Unrestricted		Total Funds	Total Funds
		Funds	2023	2022
		f	f	f
Listed Investments
UK quoted fixed interest	securities	482,611	482,611	1,063,547
Overseas fixed interest securities		260,150	260,150	580,370
UK quoted shares		2,114,277	2,114,277	1,678,490
		2,857,038	2,857,038	3,322,407
Other Investments
UK Investment property		449,316	449,316	196,656
Overseas investments		3,381,806	3,381,806	2,722,419
Other UK investments		1,176,725	1,176,725	1,761,185
UK cash		59,658	59,658	277,506
TOTAL		7,924,543	7,924,543	8,280,173
Analysis ofinvestments	at 31March 2023 between	funds
Charity
	Unrestricted		Total Funds	Total Funds
		Funds	2023	2022
		f	f	f
Listed Investments
UK quoted fixed interest securities		482,611	482,611	1,063,547
Overseas fixed interest	securities	260,150	260,150	580,370
UK quoted shares		2 114277	2,114,277	1,678,490
		2,857,038	2,857,038	3,322,407
Other Investments
UK Investment property		449,316	449,316	196,656
UK Group undertakings		400	400	500
Overseas investments		3,381,806	3,381,806	2,722,419
Other UK investments		1,176,725	1,176,725	1,761,185
UK cash		59,658	59,658	277,506
TOTAL		7,924,943	7,924,943	8,280,673

This is stated after chargin	g:
				2023	2022
				f	f
Staff pension contributions				713,854	683,449
Depreciation				366,468	432,383
Amortisation				92,885	35,843
Impairment of Intangible	Assets			61,883
Impairment ofstock —assets held for		sale			87,881
Operating lease costs				529,591	533,728
Redundancy costs				3,426
Audit Fees payable to the	Company's	auditor:
-Audit ofgroup and parent consolidated			accounts	9,776	13,009
-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	25,681	28,914

Total staff co	sts	were as	follows:
								2023	2022
								f	f
Wages &Salaries								7,434,118	6,652,668
Social Security								674,944	565,045
Other pension		costs						713,854	683,449
								8,822,916	7,901,162
During the year		no Trustees were		reimbursed		expenses (2022:Enil). No trustees		received any remuneration	in either year.
The average	number of		employees	(headcount)			during the year was 341(2022:	324).
The full-time	equivalent		staff numbers		were as		follows:
								2023	2022
Clinical								114	102
Education staff								5	3
Fundraising,	charity shops and lottery				staff			91	83
Administration		staff						43	35
								253	223

Intangible	Fixed Assets
Group
		Goodwill	Software	Total
		f	f	f
Cost
As at 1April	2022	222,691	385,935	608,626
Additions			9,254	9,254
Impairment			(79,000)	(79,000)
Disposals		222,691)		(222,691
As at 31March 2023			316,189	316,189
Amortisation
As at 1April	2022	222,691	57,035	279,726
Charge for the year			31,002	31,002
Impairment			(17,117)	(17,117)
Disposals		222,691		222,691
As at 31March 2023			70,920	70,920
Net Book Value
As at 31March 2023			245,269	245,269
As at 31March 2022			328900	328900
Charity
		Goodwill	Software	Total
		f	f	f
Cost
As at 1April	2022		385,935	385,935
Additions			9,254	9,254
Impairment			(79,000)	(79,000)
Disposals
As at 31March 2023			316,189	316,189
Arnortisation
As at 1April	2022		57,035	57,035
Charge for the year			31,002	31,002
Impairment			(17,117)	(17,117)
Disposals
As at 31March 2023			70920	70,920
Net Book Value
As at 31March 2023			245,269	245,269
As at 31March 2022			328p900	328p900

Tangible Fixed Assets Group / Charity
	Freehold Property 8	Fixtures,		Leasehold
	Assets under	Fittings &	Motor	Property
	Construction f	equipmentf	Vehicles f	Improvements f	Total f
Cost
As at 1April 2022	10,357,620	4,355,016	77,238	1,082,566	15,872,440
Additions	500	168,882		80,226	249,608
Disposals		2,926)			2 926
As at31March 2023	10,358,120	4,520,972	77238	1,162,792	16,119,122
Depreciation
As at 1April 2022	3,446,463	4,122,627	72,150	1,025,070	8,666,310
Charge for the year	200,356	125,539	2,655	37,918	366,468
Disposals		2 926			2,926
As at31March 2023	3646819	4 245,240	74,805	Lp062p988	9p029~852
Net Book Value
As at31March 2023	6,711,301	275,732	2,433	99,804	7,089,270
As at31March 2022	6,911,157	232,389	5,088	57496	7206 130

14.	Stocks
									Group		Charity
									2023	2022	2023	2022
									E	E	E	E
	New goods purchased				for resale				168,119	145,466
	Assets held for			sale						23,335
									168,119	16~8801
15.	Debtors	due	after more			than one year
									Group		Charity
									2023	2022	2023	2022
									E	E	f
	Amounts	due	from subsidiary				undertakings				177,027	236,799
											177,027	236799
16.	Debtors								Group		Charity
									2023	2022	2023	2022
									E	E	E	E
	Trade Debtors								66,337	125,239	66,337	118,563
	Other Debtors								769,139	434,553	769,139	434,553
	Legacy accrued			income					2,553,234	2,195,108	2,553,234	2,195,108
	Prepayments		and accrued income						594,918	1,159,668	594,918	1,155,168
									3,983,628	3,914,568	3,983,628	3,903,392
17.	Creditors: Amounts				falling		due	within one year
									Group		Charity
									2023 E	2022 E	2023f	2022 E
	Trade Creditors								345,432	437,188	345,432	439,913
	Prepaid	Lottery		subscriptions					73,194	86,572	73,194	86,572
	Accruals								355,930	263,184	355,930	262,632
	Amounts	due	to subsidiary			undertakings					200	200
	Taxation	and Social Security							145,977	136,667	145,977	136,667
	Other Creditors								185,582	83,113	185,582	76,058
									1,106,115	1,006,724	1,106,315	1,002,042
18.	Commitments			under	Operating			Leases
									Property	Equipment	Property	Equipment
									2023	2023	2022	2022
									E	6	E	E
	Not later	than	one year						299,056	16,746	360,381	12,008
	Later than one			year, not later			than	five years	569,910	58,575	521,378	10,165
	Later than five			years					42,119	156	32,950
									911,085	75,477	914,709	22'173

Group
				Balance at							Gains	&	Balance at
				1April 2022 F.		Income f	Expenditure	f	Transfers f		Losses f		31March 2023 f
General funds				20,846,883	11,103,438		(10,577,725)		(2,000,000)		(699,048)		18,673,548
Designated	funds:
Strategic Development							(88,655)		2,000,000				1,911,345
Funds to be spent in
accordance	with		donor's
request				47,331									47,331
				20'894~214	11	103438	10'666'380)				(699,048)		20,632,224
Charity
				Balance at							Gains	&	Balance at
				1April 2022 f		Income f	Expenditure	f	Transfers f		Losses f		31March 2023 f
General funds				20,873,973	10,643,239		(10,144,029)		(2,000,000)		(699,048)		18,674,135
Designated	funds:
Strategic Development							(88,655)		2,000,000				1,911,345
Funds to be spent in
accordance	with		donor's
request				47,331									47,331
				20921304	10	643 239	10,232,684				699048		20632811
Analysis of Net			Assets Between Funds
Group
										Net Current
				Tangible		Intangible					assets/
					Fixed		Fixed				(liabilities)
				Assets			Assets	Investments		&	provisions		TOTAL
					f		f			f	f		f
Restricted	Income Funds
Yeovil Appeal				1,338,238									1,338,238
Taunton New		Build Appeal		939,661									939,661
Other restricted			funds	67,399							6,399		73,798
				2,345,298							6,399		2,351,697
Unrestricted		Income Funds		4,743,972			245,269		7,924,543		7,718,440		20,632,224
Total Funds				Tp089p270			245 269		7p924~543		7724 839		22,983,921
Charity
				Tangible		Intangible				Net assets/
					Fixed		Fixed				(liabilities)
				Assets			Assets	Investments		&	provisions		TOTAL
					f		f			f	f		f
Restricted	Income Funds
Yeovil Appeal				1,338,238									1,338,238
Taunton New		Build Appeal		939,661									939,661
Other restricted			funds	67,399							6,399		73,798
				2,345,298							6,399		2,351,697
Unrestricted		Income Funds		4,743,972			245,269		7,924,943		7,718,627		20,632,811
Total Funds				7,089,270			245,269		7,924,943		7,725,026		22,984,508

to St Margaret's Somerset Hospice	to St Margaret's Somerset Hospice	was Enil (2022:	Enil) at the year	end.
Services provided to Lewis-Manning		Hospice Care:
			2023	2022
			E	E
IT Professional	Services		3,543	9,756
			3,543	9,756

24.	Reconciliation ofnet incoming resources to net	Reconciliation ofnet incoming resources to net	Reconciliation ofnet incoming resources to net	Reconciliation ofnet incoming resources to net	Reconciliation ofnet incoming resources to net	Reconciliation ofnet incoming resources to net	cash inflow	from	operating
	Activities
	Group									2023	2022
										6	6
	Net (expenditure) income									(372,724)	2,441,585
	Income from investments									(285,501)	(264,475)
	Interest receivable									(90,569)	(3,925)
	Loss/(Gain) on investments									699,048	(500,335)
	Profit on disposal offixed	assets								(100)	(417)
	Depreciation									366,468	432,383
	Amortisation									31,002	35,843
	Impairment of Intangible	fixed asset								61,883
	Transfer of fixed assets to	current assets									110,996
	Decrease in stocks									682	24,033
	(Increase) in debtors									(69,060)	(776,648)
	Increase in creditors									99,391	273,556
	Net cash inflow from operating			activities						440p520	1~772~596
25.	Financial Instruments
	The Group has the following		financial		instruments:
									Note	2023	2022
										6	6
	Financial assets at fair value		through		profit	and loss				7,475,227	8,083,517
	Financial assets that are debt instruments					measured	at amortised	cost
	Trade Debtors								16	66,337	125,239
	Other Debtors								16	769,139	434,553
										835,476	559,792
	Financial liabilities measured		at	amortised		cost
	Trade Creditors								17	345,432	437,188
	Prepaid lottery subscriptions								17	73,194	86,572
	Other creditors								17	185,582	83,113
										604,208	606,873
	The Charity has the following		financial		instruments:
										2023	2022
										6	6
	Financial assets at fair value		through		profit	and loss				7,475,227	8,083,517
	Financial assets that are debt instruments					measured	at amortised	cost
	Trade Debtors								16	66,337	118,563
	Amounts owed by group								15	177,027	236,799
	Other Debtors								16	769,139	434,553
										1,012,503	789,915
	Financial liabilities measured		at	amortised		cost
	Trade Creditors								17	345,432	439,913
	Prepaid lottery subscriptions								17	73,194	86,572
	Other creditors								17	185,582	76,058
										604,208	602,543

			2023	2022
			f	f
Turnover Cost ofSales			846,763 ~2382.3 9	830,419 ~443.624
Gross Profit			465,444	386,805
Other operating Administrative	income expenses		(355,786)	383 ~303. 22
Profit Paid under gift	aid to charity		109,658 ~2209.650	84,066 ~84 066
Profit for the year
Analysis ofnet	assets/(liabilities)	of subsidiary
Stock			168,119	143,201
Cash at bank			8,521	3,592
Amounts owed	to parent		~276,540	(146,693)
			100	100
Retained earnings
Called up share	capital		100	100
			100	100

		2023	2022
		6	6
Turnover Cost ofSales		62,125 ~(23,7DS	42,316 ~23001
Operating Profit		38,417	24,315
Interest payable and similar expenses Paid under gift aid to charity		(565) ~(6,362	(1,344)
Profit/(Loss) for the year		31.490	22 971
Analysis ofnet liabilities/assets	of
subsidiary
Amounts owed from / (to) parent		100	(31,390)
Total Assets less Liabilities		100	(31,390)
Retained earnings			(31,490)
Called up share capital		100	100
		100	(31,390)

				2023	2022
				E	6
Turnover				38,688	170,342
Cost ofSales				(20,748)	~(86,249
Gross Profit				17,940	84,093
Administrative Expenses				(86,031)	(287,447)
Other Income
(Loss) for the year				68091	203,354
Analysis of net assets/(liabilities)	of subsidiary
Assets held for resale					23,336
Stock					2,265
Debtors					11,176
Bank and cash in hand					27,619
Creditors					(495)
Creditors falling due after more	than one year	—amounts	owed to
subsidiary Creditors falling due after more	than one year	—amounts	owed to parent	(62,004) ~637,387	(62,004) ~633,196
				699,391	(631,300)
Retained earnings				(699,491)	(631,400)
Called up share capital				100	100
				(699,391)	(631,300)

			2023	2022
			E	E
Turnover			3,600
Cost ofSales
Gross Profit/(Loss)			3,600
Administrative	Expenses
Other Operating	income
Interest payable	and similar expenses
			3,600
Analysis of net	assets/(liabilities)	ofsubsidiary
Bank and cash in hand				3,704
Creditors Amount owed to group			~(147,914 ~347,934)	(4,547) ~399831 (151,674)

									2023	2022
									f	E
Contracted	but	not	provided	for	in	the	financial	statements	53,626	47,313

					Total Funds
			Unrestricted	Restricted	2022
Income from:
Donations and Legacies			4,536,729	172,455	4,709,184
Other Trading Activities			5,855,394		5,855,394
Investments			268,817		268,817
Charitable Activities			29,124	3,611,068	3,640,192
Other Income			150,946		150,946
			10841010	3783,523	14,624,533
Expenditure on:
Raising Funds			(5,445,401)		(5,445,401)
Charitable activities			(3,288,114)	(3,949,768)	(7,237,882)
			(8,733,515)	(3,949,768)	(12,683,283
Net gains on investments			500,335		500,335
Net income and movement		in funds	2,607,830	(166,245)	2,441,585
Reconciliation ofFunds:
Total Funds brought	forward		18,286,384	2,628,676	20,915,060
Total Funds carried	forward		20~894 214	2462431	23p356p645

Charity/Group						Balance at
			Balance 1			31March
			April 2021 f	Income f	Expenditure f	2022 f
NHS Grant Provision				2,798,812	(2,798,812)
Yeovil 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 Ca p it a I G rant			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

Group
			Balance at 1			Gains &	Balance at 31
			April 2021	Income	Expenditure	Losses	March 2022
			f	f	f	f	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 1			Gains &	Balance at 31
			April 2021	Income	Expenditure	Losses	March 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

Group
							Net current
				Tangible	Intangible		assets/
				Fixed	Fixed		(liabilities)
				Assets	Assets	Investments	&provisions	TOTAL
				f	f	f	f	f
Restricted	Income Funds
Yeovil Appeal				1,378,758				1,378,758
Taunton New		Build Appeal		966,508				966,508
CCG Capital	Grant			35,237			17,914	53,151
Other restricted			funds	57615			6399	64,014
				2,438,118	~	—	24,313	2,462,431
Unrestricted		Income Funds		4,768,012	328,900	8,280,673	7,517,129	20,894,214
Total Funds				7206 130	328900	8280 673	7p541p442	23p356p645
Charity
							Net current
				Tangible	Intangible		assets/
				Fixed	Fixed		(liabilities)
				Assets	Assets	Investments	&provisions	TOTAL
				f	f	f	f	f
Restricted	Income Funds
Yeovil Appeal				1,378,758				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