##
||||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|
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|||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|
##
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|Mr J Langdon|(Chair)|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)|||||
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##
||||||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|
|12.|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|