2023-03-31-accounts - St Wilfrid's Hospice (South Coast) Limited

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CONTENTS	Page
ReferenceandAdministrativeDetails	1-2
Trustees’Report(incorporatingtheStrategicReport)
IndependentAuditor'sReport	22 -24
ConsolidatedStatementofFinancialActivities	25
BalanceSheets	26
ConsolidatedStatementofCashFlows	27
NotestotheFinancialStatements	28 -49

SeniorManagementTeam	LauraAddison,DirectorofIncomeGeneration(resigned12"May2023)
	HelenEdson,DirectorofFinance
	LoisHowell,ChiefExecutive (appointed27"March2023)
	CatHorlock,PeopleDirector
	ClaireMagee,MedicalDirector
	AlisonMoorey,ChiefExecutive(retired318March2023)
	SuzyO’Callaghan,DirectorofClinicalServices
	RachaelTout,DirectorofincomeGeneration(appointed1%July2023)
IndependentAuditor	CroweUKLLP
	4Floor,StJamesHouse
	StJamesSquare
	Cheltenham
	GlosGL503PR
Solicitors	IrwinMitchellSolicitors
	ThomasEggarHouse
	FriaryLane
	Chichester
	WestSussexPO191UF
	GeorgeIdeLLP
	52NorthStreet
	Chichester
	WestSussexPO191NQ
Bankers	NationalWestminsterBankpic
	5EastStreet
	Chichester
	WestSussexPO191HE

hasextendedfurtherasaresultofbeingabletooffervirtualattendanceoptions.TheBoardhasalso adaptedtouseoftechnologyinitsgovernancearrangements,andthiswillhelptopromoteengagementand participationindecisionmaking,andpotentiallytoopenTrusteeshipuptoawiderrangeofpeople.	hasextendedfurtherasaresultofbeingabletooffervirtualattendanceoptions.TheBoardhasalso adaptedtouseoftechnologyinitsgovernancearrangements,andthiswillhelptopromoteengagementand participationindecisionmaking,andpotentiallytoopenTrusteeshipuptoawiderrangeofpeople.
COVID-19-relatedNHSEfunding,includingfreePersonalProtectionEquipmentandtestingkitsceased during 22/23.However,voluntaryincomegeneration,soheavilycurtailedduringthepandemic,isrecovering.
CharitableObjectivesandActivities
Noted	belowarethekeyobjectivesthatweresetfor2022—23,withanindicationofwherecommentaryon
their	achievementorotherwiseissetout:
Objective Pageno e MeetagreedKPlsandreporttoSub-CommitteesandBoard 6,9,10 e ReviewchangesmadetoservicesinresponsetoCOVID-19andensureservicesare 5,6,12
e	deliveredtobestmeetpatientneeds Ensureallservicesaredeliveredinwaysthatenableapositivepatient/customer/supporter 8,12
¢	experience ContinuetodevelopandimplementanEquality,DiversityandInclusion(EDI)Strategyand
e e e e e	actionplan EstablishbaselineE,D+!dataofourpeopleandourcommunity 8 Continuetodevelopandimplementastaffwellbeingstrategy 14 Reviewandupdatestrategicandorganisationalriskmanagementmethodology 15 Reviewourvaluesandhowtheyaredescribed,todevelopavalues-basedculture 12 Buildbacktheorganisationasoneteamandemphasisetheneedtotakepersonal 8,12
e e	ownershipforsafety Buildondigitalmaturitymatrixscoreandtrackcontributingprojectsacrosstheorganisation 8 ContinuetoworktowardsabalancedbudgetandsecuringtheHospice’sfinancialstability 7,9,10
e	over3-5yearsandbeyond SupportRetailandFundraisingtoachievetheirsurplusbudgetsanddemonstrategrowthin
¢ e	futureyears CollaboratewithhospicesinSussextoreducecosts,increasereachandstatutoryfunding 6,8,15 Supporttheuseof35'Anniversarymessagingtocommunicatethebrandtoouraudiences 9,10

Risk	Mitigation
RiskthatcollaborationwithSussexHospicesdoes	TheCollaborationincludesagovernance
notsucceed,becomesahindranceto	workstream,involvingthreeofthehospice
(time/efficiency/cost),and/orundermines	Chairs,plusallsevenCEOsandexternalsupport
identity/reputationofSTWH	asrequired
	ReportsareprovidedtoeachTrusteemeetingon
	progress
	Commsleadsineachhospicelinktooversee
	internalandexternalcommunications
RiskthattheCharityisunabletomeetitsstrategic	Budgetproposalstoreducetheriskandensure
objectivesduetoinsufficientresourcingofkey	effectivemanagementofthefundsallocatedto
functions	keyfunctionswereapprovedandmonitored
	throughouttheyear
Riskthatannualincomefromlegacieswillreduce	RecruitmentofGiftsinWillsOfficerproviding
bymorethan20%.	specialistcompetence&increaseddataintegrity
Riskthatthebenefitsoflegacystrategyarenot	helpslegacyforecastaccuracyvsrelianceon
realisedandlegacyincomefailstomeetbudget	‘averages’
andtogrowinlinewithlegacybudgetpolicy.	ClosemonitoringbyVIG&Financecommittees
Riskthatutilities(supplyorequipment)become	Contracts,proactiveplanning,inventorycontrol,
unavailable,orthatcostsoutsidetheCharity’s	collaboration
controlescalatetoover10%higherthanthe	Newfixedunitpricecontractsagreedforgasand
previousannualrate	electricityfrom30/9/21for2&3years
	Lookingatsolarpowertomitigatesomecosts
Riskofinabilitytoaddressanunderlyingdeficit	NegotiationforextraNHSfundingaspartofthe
budgetwithoutmoresignificantuseofreserves thanprovidedforintheReservesPolicy Riskthatinabilitytorecruit/retainstaffinkeyroles willnegativelyaffecttheabilityoftheorganisation tomeettheneedsofpatients,theirlovedones, staff,volunteers,customersorsupporterswithhigh qualitycare/service Riskthatlackofdiversityandinclusioninthe workforce/volunteerforceleadstomissed opportunitiesforexpertise,knowledgeand creativity RiskthattheCharitywouldfailtofulfilitsmoral values/roleinthecommunitytosupportand promoteunder-servedcommunities,creatingan organisationthatisnotfitforthefutureandputs reputationatrisk	collaborative Reviewofoperationswithaviewtoreducing costsorinvestinactivitiestoimproveincome Newcontribution-basedpayprogressionsystem putinplace,linkingpaystepstocontribution SMTledtheworkforceplanningprocess, reviewingskillmixandnewrolesasrequired Flexibleworkingoptionsandphasedretirement processesmadeavailable ThankyoupaymentmadetostaffJune2022 ImplicationsofnewNHSpayawardsassessed andchangesmadetopayfromOctober2022 alongwithpaystepsforhighperformers ED+Isteeringgroupledimplementationofan agreedactionplan Recruitmentprocessesreviewedtoreduceriskof biasinprocess Staffandvolunteertrainingdeliveredtoensure everyoneunderstandstheneedforchange 16

Risk RiskthatSMTmembersdonothaveadequate management/administrativesupport,resultingina lackofcapacitytoperformatastrategiclevel,and	Mitigation e BoardDevelopmentSubCommitteediscussed SMTsuccessionplanningJanuary2022 e Plansimplementedtoreduceriskofrelianceon	Mitigation e BoardDevelopmentSubCommitteediscussed SMTsuccessionplanningJanuary2022 e Plansimplementedtoreduceriskofrelianceon
alackofsuccessionplanning/optionsforSMT		singlepersone.g.payroll
membersorotherkeymembersofstaff	e	Collaborativeoptionsbeingreviewedatalltimes LeadershipcapabilityatlevelsbelowSMTbeing
		enhancedbytheThriveprogramme
	e	RecruitmentplanfornewCEOagreedand
		implemented
RiskthattheCharityisunabletomeetclinical needs,demandsofpatientsandprovidesafe qualitycareasaresultofinadequate staffing/resourcesand/ortheabilitytoadequately	e e	PostCovidreviewofpatientpathwaythrough servicesconductedtoensureworkingas efficientlyaspossible ‘EstablishmentGenie’usedtoimprove
monitorandmanageworkloadsorcaseloads,due		understandingofgapsandpressureson
tounplannedstaffabsenceorahighvacancy		workforce
factor.Poorutilisationofresourcesandassociated	e	Closemonitoringofsafestaffinglevelsand
costofmorehoursfromextrahours,bankand		caseloadsundertaken
agencystaff	e	Processforreportingandreviewingincidentsand
		sicknessabsencerevised
	e	KPlinplace
	e	Closeworkingwithotherexternalagenciesto helpoverburdenedsystem-CCG,ECHO,
		PalliativeCareteamatSRH&PCN's/GP
		surgeries
LackofavailabilityofConsultantsinPalliative Medicinepresentsariskofnotbeingableto	e	MedicalWorkforceplanninggroupformed, reportingintotheClinicalServicesSub
providesufficientseniorcoverandthereforedeliver		Committee
services	¢	Optionstocollaboratewithotherhospicesin Sussexand/ortheNHSarebeingexplored
Riskofcybersecurityincident,leadingtonegative messaging,inabilitytocommunicateeffectively,		Shifttopredominantlycloud-basedsystems Somelegacyfiles/dataisstillsavedonservers
beingheldtoransomorothercyberthreat.		andtheseareregularlybackedup
Potentialfornegativecommunicationsgivenoutin		Impersonatorprotectionsoftwareimplemented
thenameofSTWH,resultinginfinancial,legaland		Otherdatalosspreventionmechanisms
reputationaldamage		implemented
		Staffhaveannualdatasecuritytraining
		Cybersecurityinsuranceinplace
Riskofpoordecisionmakingarisingfromlackof		Participationincollaborationdatagroup(DoCS)
accesstodataordataanalysis,resultingin
ineffectiveresourceallocationetc

	2022-2023	2021-2022
TOTALIncome	8,872,073	8,722,613
TOTALExpenditure	8,567,694	7,790,887
Netsurplusfortheyear(beforeinvestment	304,379	931,726
	gains/(losses)
Realised&unrealisedgains/(losses)on	(1,231)	(798)
investments&property
Netmovementinfunds	303,148	930,928
BalanceSheet
RestrictedFunds	34,361	23,979
FundsrepresentedbyFixedAssets	14,153,578	14,496,889
OtherDesignatedFunds	575,000	243,830
TotalDesignatedFunds	14,728,578	14,740,719
GeneralFunds	8,866,523	8,561,616
TotalFunds	23,629,462	23,326,314

	Note	Unrestricted funds £	Restricted funds £	Total 2023 £	Total 2022 £
INCOMEFROM:
DonationsandLegacies Donations NHSEnglandGrant Legacies	2 3 4	1,402,135 - 2,640,913	123,549 - -	1,525,684 - 2,640,913	1,543,238 766,385 2,203,355
		4,043,048	123,549	4,166,597	4,512,978
CharitableActivities OtherTradingActivities investments	5 6 7	1,745,787 2,876,437 82,116	- 1,136 -	1,745,787 2,877,573 82,116	1,558,051 2,647,769 3,815
TotalIncome		8,747,388	124,685	8,872,073	8,722,613
EXPENDITUREON:
RaisingFunds	8,98&10	2,963,808	9,698	2,973,506	2,604,597
CharitableActivities InpatientUnit CommunityServices LivingWellServices EducationandTraining	8,9&10 8,9&10 8,98&10	3,284,187 1,720,829 277,829 233,101	20,897 57,171 174 -	3,305,084 1,778,000 278,003 233,101	3,355,017 1,601,526 - 229,747
TotalcostsofCharitableActivities		5,515,946	78,242	5,594,188	5,186,290
TotalExpenditure		8,479,754	87,940	8,567,694	7,790,887
Netincomefromoperationalactivitiesfor theyear		267,634	36,745	304,379	931,726
Netlossesoninvestments	16	(1,231)	-	(1,231)	(798)
NETINCOME		266,403	36,745	303,148	930,928
Transfersbetweenfunds	22	26,363	(26,363)	-	-
NETMOVEMENTINFUNDS		292,766	10,382	303,148	930,928
RECONCILIATIONOFFUNDS Totalfundsbroughtforward	22	23,302,335	23,979	23,326,314	22,395,386
TOTALFUNDSCARRIEDFORWARD	22	23,595,101	34,361	23,629,462 ——————_	23,326,314

		Group	Group			Charity
			2023	2022		2023	2022
	Notes		£	£		£	£
FixedAssets
Tangiblefixedassets	15		14,153,578	14,496,889		14,153,578	14,496,889
Investments	16		2,863	4,094		2,866	4,097
			14,156,441	14,500,983		14,156,444	14,500,986
CurrentAssets
Stock	18		1,350	384		-		-
Debtors	19		2,474,264	2,489,815		2,480,976	2,506,759
Cashatbankandinhand			7,805,265	7,030,348		7,755,908	7,013,490
			10,280,879	9,520,547		10,236,884	9,520,249
Liabilities
Creditors:Amountsfalling
duewithinoneyear	20		(807,858)	(695,216)		(805,273)	(688,167)
NetCurrentAssets			9,473,021	8,825,331		9,431,611	8,832,088
TotalNetAssets			23,629,462	23,326,314		23,588,055	23,333,074
ThefundsoftheCharity:
Restrictedincomefunds	22		34,361	23,979		34,361	23,979
Designatedfunds	22
CapitalMaintenanceFund			200,000	200,000		200,000	200,000
35"AnniversaryMatchPot			-	43,830		-	43,830
MoonlightWalkMatchPot		.	50,000		-	50,000		-
ProjectFunds			325,000		-	325,000		-
FixedAssetFund—NewHospice			13,929,490	14,219,374		13,929,490	14,219,374
FixedAssetFund—OtherAssets			224,088	277,515		224,088	277,515
			14,728,578	14,740,719		14,728,578	14,740,719
Operationalreserve			818,000	740,000		818,000	740,000
Generalfund			8,048,523	7,821,616		8,007,116	7,828,376
Totalunrestrictedfunds	22		23,595,101	23,302,335		23,553,694	23,309,095
TOTALFUNDS	22/23		23,629,462	23,326,314		23,588,055	23,333,074

	Note	2023	2022
		£	£
Cashflowsfromoperatingactivities:
Netcashprovidedbyoperatingactivities	24	783,860	1,125,610
Cashflowsfrominvestingactivities: Dividends,interestandrentfrominvestments Purchaseofproperty,plantandequipment		82,116 (91,059)	3,815 (10,731)
Netcash(usedin)investingactivities		(8,943)	(6,916)
Changeincashandcashequivalentsintheyear		774,917	1,118,694
Cashandcashequivalentsatthebeginningoftheyear	25	7,030,348	5,911,654
Changeincashandcashequivalents		774,917	1,118,694
Cashandcashequivalentsattheendoftheyear	25	7,805,265	7,030,348

2.	DONATIONS	Unrestricted	Unrestricted	Restricted	Total		Unrestricted	Restricted	Total
		funds		funds	2023		funds	funds	2022
			£	£		£	£	£	£
	Trusts
			138,391	103,984	242,375		160,433	102,935	263,368
	Donationsand
	committedgiving		770,292	19,565	789,857		648,607	16,574	665,187
	Fundraising
			311,735	-	311,735		354,178	-	354,178
	GovernmentGrants
			-	-		-	47,734	-	47,734
	GiftsofPersonal
	ProtectiveEquipment		49,353	-		49,353	76,373	-	76,373
	GiftAidrecovered
			132,364	-	132,364		136,404	-	136,404
		1,402,135		123,549	1,525,684		1,423,729	119,509	1,543,238
ove	rnmentGrantincludeCovid	Job	Retention	Schemeincomeof		£0(2022:	£9,202)and	LocalRestriction
upp	ortGrantsof£0(2022:£38,002).
3.	NHSENGLANDGRANT	Unrestricted		Restricted	Total		Unrestricted	Restricted	Total
		funds		funds	2023		funds	funds	2022
			£	£		£	£	£	£
	NHSEnglandGrant		-	-		-	-	766,385	766,385
			-	-		-	-	766,385	766,385

CHARITABLE ACTIVITIES	Unrestricted funds £	Restricted funds £	Total 2023 £	Unrestricted funds £	Restricted funds £	Total 2022 £
NHSfundingincluding
drugsupply Education Medicalinsurance Otherincome	1,587,049 69,735 31,349 57,654	- - - -	1,587,049 69,735 31,349 57,654	1,434,173 69,221 9,468 27,458	17,731 - - -	1,451,904 69,221 9,468 27,458
	1,745,787	-	1,745,787	1,540,320	17,731	1,558,051
OTHERTRADING ACTIVITIES	Unrestricted funds £	Restricted funds £	Total 2023 £	Unrestricted funds £	Restricted funds £	Total 2022 £
Retailincome Supportgroups Raffles Lotteryincome	2,457,419 8,975 14,568 395,475	- 1,136 - -	2,457,419 10,111 14,568 395,475	2,188,578 9,993 22,042 424,922	- 2,234 - -	2,188,578 12,227 22,042 424,922
	2,876,437	1,136	2,877,573	2,645,535	2,234	2,647,769

INVESTMENTS	Unrestricted funds £			Total 2023	Unrestricted funds		Total 2022 £
Incomefrom investments		-	-		367	-	367
Bankinterest	82,116		-	82,116	3,448	-	3,448
	82,116		-	82,116	3,815	-	3,815

8.	EXPENDITURE	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds	2023	funds	funds	2022
		£	£	£	£	£	£
	RaisingFunds
	Fundraising	852,214	9,698	861,912	813,350	4,604	817,954
	Retail	2,111,594	-	2,111,594	1,784,597	2,046	1,786,643
		2,963,808	9,698	2,973,506	2,597,947	6,650	2,604,597
	CharitableActivities
	InpatientUnit	3,284,187	20,897	3,305,084	2,557,497	797,520	3,355,017
	CommunityServices	1,720,829	57,171	1,778,000	1,506,063	95,463	1,601,526
	LivingWellServices	277,829	174	278,003	-	-	-
	EducationandTraining	233,101	-	233,101	229,440	307	229,747
		5,515,946	78,242	5,594,188	4,293,000	893,290	5,186,290
9.	ANALYSISOF	Direct	Support	Total	Direct	Support	Total
	EXPENDITURE	costs	costs	2023	costs	costs	2022
		£	£	£	£	£	£
	RaisingFunds
	Fundraising	752,810	109,102	861,912	712,509	105,445	817,954
	Retail	1,837,450	274,144	2,111,594	1,550,025	236,618	1,786,643
		2,590,260	383,246	2,973,506	2,262,534	342,063	2,604,597
	CharitableActivities
	InpatientUnit	3,037,204	267,880	3,305,084	3,081,560	273,457	3,355,017
	CommunityServices	1,612,731	165,269	1,778,000	1,457,369	144,157	1,601,526
	LivingWellServices	240,870	37,133	278,003	-	-	-
	EducationandTraining	202,363	30,738	233,101	195,395	34,362	229,747
		5,093,168	501,020	5,594,188	4,734,324	451,966	5,186,290
		7,683,428	884,266	8,567,694	6,996,858	794,029	7,790,887

	Raising Funds £	Retail £	Inpatient Unit £	Community Services £	LivingWell Services £	Education &Training £	Total 2023 £
Governance Finance	8,115 67,776	19,477 50,256	31,309 56,054	17,383 26,365	2,435 7,964	2,435 11,969	81,154 220,384
HR IT Management	9,360 10,797 13,054	119,098 53,983 31,330	99,275 30,879 50,363	41,662 51,896 27,963	10,222 12,596 3,916	7,020 5,398 3,916	286,637 165,549 130,542
	109,102	274,144	267,880	165,269	37,133	30,738	884,266

	Raising Funds	Retail	Inpatient Unit	Community Services	Education &Training	Total 2022
	£	£	£	£	£	£
Governance Finance	6,023 57,294	17,318 35,989	33,615 58,179	16,079 22,203	2,259 9,815	75,294 183,480
HR IT Management	15,160 17,086 9,882	109,338 45,564 28,409	89,893 36,624 55,146	34,486 45,012 26,377	7,181 11,391 3,706	256,058 155,677 123,520
	105,445	236,618	273,457	144,157	34,352	794,029

NETINCOME	Group				Charity
	2023		2022		2023	2022
Netincomeisstatedaftercharging:		£		£	£		£
Auditor'sremuneration Auditservices Taxadvisoryservices		18,500 1,950		18,500 1,175	16,500 1,950		16,500 1,175
Operatingleaserentals
Landandbuildings Officeequipment Motorvehicles		335,714 11,420 18,971		317,291 14,159 22,181	335,714 11,420 18,971		317,291 14,159 22,181
Depreciation		434,370		429,768	434,370		429,768


STAFFCOSTS(CHARITYANDGROUP)	2023		2022
		Number	Number
Theaveragemonthlynumberofpermanentemployeesduringtheyear was:
Doctors			7
Nursingstaff		80	86
Otherhospicestaff		57	55
Charityshops			51
		198	199
		2023	2022
			£
Employmentcostsinrespectofthestaffabovewere:
Wagesandsalaries		4,845,902	4,315,717
Nationalinsurance		415,815	337,018
Pensions		422,079	384,610
		5,683,796	5,037,345

			2023		2022
			Number		Number
£60,001 £70,001 £90,001	to to to	£70,000 £80,000 £100,000		a 1		rom
£100,001	to	£110,000		oO		ND
£110,001 £120,001	to to	£120,001 £130,002		aa

	Freehold Short	Freehold Short			Fixtures		Office&
	Landand lease-		Medical		and	Motor	Computer
	Property hold £	£	Equipmen_ t £		fittings £	vehicles £	equipment £	Total £
Cost At1April2022 Additions Disposal	15,143,861 24,295 -	66,017	- -	173,255 10,000 -	687,625 - -	45,770 - -	275,712 56,764 -	16,392,240 91,059 -
At31March2023)	15,168,156	66,017		183,255	687,625	45,770	332,476	16,483,299
Depreciation
At1April2022	867,087	54,338		148,607	590,804	45,770	188,745	1,895,351
Chargeforthe
year	316,379	2,170		14,809	46,564	-	54,448	434,370
Depreciationon
disposal
At31March2023	1,183,466	56,508		163,416	637,368	45,770	243,193	2,329,721
Netbookvalue
At31March2023	43,984,690	9,509		19,839	50,257	-	89,283	14,153,578
At31March2022	14,276,774	11,679		24,648	96,821	-	86,967	14,496,889
6. INVESTMENTS
	Group				Charity
						Sharein
	Listed				Listed	Group
	Investments	Total			Investments	Company	Total
	2023		2023		2023	2023	2023
	£			£	£	£	£
1April2022 Netinvestment	4,094 (1,231)	4,094 (1,213)			4,094 (1,231)	3 -	4,097 (1,231)
gains/(losses)
31March2023	2,863		2,863		2,863	3	2,866

	Group				Charity
			Cash&			Cash&	Sharein
	Listed		Settlements		Listed	Settlements	Group
	Investments		Pending	Total	Investments	Pending	Company	Total
	2022		2022	2022	2022	2022	2022	2022
	£		£	£	£	£	£	£
1April2021	4,892		-	4,892	4,892	-	3	4,895
Additions		-	-	-	-	-	-	-
Disposals		-	-	-	-	-	-	-
Netinvestment
gains/(losses)	(798)		-	(798)	(798)	-	-	(798)
31March2022	4,094		-	4,094	4,094	-	3	4,097
						Group		Charity
					2023	2022	2023	2022
Analysisofinvestments					£	£	£	£
Listedinvestments	atvaluation				2,863	4,094	2,863	4,094
					2,863	4,094	2,863	4,094
Sharesingroupundertakings		at	cost
StWilfrid’sHospice	TradingLimited				-	-	2	2
StWilfrid’sHospice	(South Coast)		ProjectsLimited		-	-	1	1
					-	-	3	3
Totalinvestments					2,863	4,094	2,866	4,097
Thesubsidiaryundertakingsincludedasaninvestmentatthebalance					sheetdateare:-

NameofCompany	Classof	Holding	Natureof
	Shares		Business
StWilfrid'sHospiceTradingLimited	Ordinary	100%	Retailtrade	innewgoods
StWilfrid'sHospice(SouthCoast)ProjectsLimited	Ordinary	100%	Newhospicedevelopment
			2023	2022
			£	£
Aggregatecapitalandreserves			41,409	6,757

Incomestatement	2023		2022
	£		£
Turnover	74,390		66,950
CostofSales	(19,472)		(17,289)
GrossProfit	54,918		49,661
Administrativeexpenses	(6,801)		(6,332)
Profitbeforetax	48,117		43,329
GiftAiddonatedtohospice		-	(43,329)
Profitforthefinancialyearbeingtheretainedprofit	48,117			-
Balancesheet	2023		2022
	£		£
Assets	51,801		18,262
Liabilities	(3,680)		(18,258)
Netassets	48,121		4
Representedby:
Calledupsharecapital	2		2
Profitandlossaccount	48,119		2
	48,121		4

	Incomestatement						2023	2022
							£	£
	Turnover							(2,841)
	CostofSales
	Grossloss							(2,841)
	Administrativeexpenses						(14)	(17)
	Operatingloss Interest(payable)/received						(14) 62	(2,858) (1,035)
	Lossbeforetax							(3,893)
	Taxonloss
	Lossaftertax							(3,893)
	Balancesheet						2023	2022
							£	£
	Assets Liabilities						(6,712)	3,301 (10,062)
	NetLiabilities						(6,712)	(6,761)
	Representedby:
	Capital Reserves						1 (6,713)	(6,762)	1
							(6,712)	(6,761)
18.	STOCK		Group				Charity
		2023		2022		2023
	Boughtingoodsforresale		1,350		384		-

OR	THEYEARENDED31MARCH	2023
19.	DEBTORS	2023	Group £	2022 £		2023	Charity £	2022	£
	Tradedebtors Legacydebtors Otherdebtors Prepaymentsandaccruedincome Owedbygroupundertaking		91,315 1,923,029 161,609 298,311 -	56,024 1,490,665 150,060 793,066	-		91,315 1,923,029 161,609 298,311 6,712		52,424 1,490,665 149,338 793,066 21,266
			2,474,264	2,489,815			2,480,976		2,506,759
20.	CREDITORS		Group 2023	2022			Charity 2023		2022
			£	£			£		£
	Tradecreditors Taxationandsocialsecurity Othercreditors Pensioncreditor Accrualsanddeferredincome Owedtogroupundertaking		159,281 105,488 26,515 59,417 457,157 -	144,035 85,768 103,738 51,530 310,145	-		159,281 105,488 26,515 59,417 453,477 1,095		142,822 85,768 103,738 51,530 304,303	-
			807,858	695,216			805,273		688,161

RESERVES	At1	April				Transfers	At31
	2022			Income	Expenditure	andGains	March2023
Unrestrictedfunds		£		£	£	£	£
General
GeneralFunds		7,821,616		8,747,388	(8,110,080)	(410,401)	8,048,523
OperationalReserve		740,000		-	-	78,000	818,000
		8,561,616		8,747,388	(8,110,080)	(332,401)	8,866,523
Designated
CapitalMaintenanceReserve		200,000		-	-	-	200,000
35"AnniversaryMatchFunding		43,830				(43,830)	-
MoonlightWalkMatchFunding ProjectFunds			- .	- .	- -	50,000 325,000	50,000 325,000
FixedAssetFund-NewHospice		14,219,374		-	(303,290)	13,406	13,929,490
FixedAssetFunds—otherAssets		277,515		-	(66,384)	12,957	224,088
		14,740,719		-	(369,674)	357,533	14,728,578
TotalUnrestrictedFunds		23,302,335		8,747,388	(8,479,754)	25,132	23,595,101
RestrictedFunds
NewHospiceProject		1,835		-	-	-	1,835
Staffamenityfund		410		20	-	-	430
HospicePayforaDay			-	15,900	(15,900)	-	-
HospiceatHomeCosts			-	5,621	(5,621)	-	-
CNSTeamCosts			-	6,300	(6,300)	-	-
CommunityTeamCosts			-	39,000	(39,000)	-	.
ClinicalStafftraining			-	5,000	(1,345)	-	3,655
Gymequipment
LivingWellCentreCosts		3,500		10,000	(4,067)	-	9,433
StJames’PlaceGrant—BreathEasy
Project		(34,382)		34,329	83	-	.
Rene&GhislaineofParisHealing
Foundation		13,093		-	°	-	13,093
AmbulanceCanopy		8,000		5,406	-	(13,406)	-
ITforClinicalStaff		17,731		-	(4,102)	(12,957)	672
IPadsforCNSStaff			-	915	-	-	915
GiftsinWillStrategy		12,500		-	(9,698)	-	2,802
VariousSmallfunds		1,292		2,194	(1,960)	-	1,526
		23,979		124,685	(87,940)	(26,363)	34,361
		23,326,314		8,872,073	(8,567,694)	(1,231)	23,629,462

RESERVESPRIORYEAR		At1	April						Transfers	At31
		2021			Income			Expenditure	andGains	March2022
Unrestrictedfunds			£			£		£	£	£
General
GeneralFunds			6,546,400			7,816,754		(6,471,910)	(69,628)	7,821,616
OperationalReserve			715,000				-	-	25,000	740,000
			7,261,400			7,816,754		(6,471,910)	(44,628)	8,561,616
Designated
CapitalMaintenanceReserve			200,000				-	-	-	200,000
Transitionfund				-			-	-	43,830	43,830
FixedAssetFund-NewHospice			14,532,338				-	(312,964)	-	14,219,374
FixedAssetFunds—otherAssets			383,588				-	(106,073)	-	277,515
			15,115,926				-	(419,037)	43,830	14,740,719
TotalUnrestrictedFunds			22,377,326			7,816,754		(6,890,947)	(798)	23,302,335
RestrictedFunds
NewHospiceProject			1,877				-	(42)	-	1,835
NHSEnglandCapacityGrant				-		766,385		(766,385)	-		.
Staffamenityfund			390			20		-	-	410
InpatientUnitequipment			1,315				-	(1,315)	-		-
InpatientUnitrunningcosts				-		10,000		(10,000)	-		-
MedicalStafftraining			2,406				-	(2,406)	-		-
HospiceatHomeCosts				-		27,336		(27,336)	-		.
CNSTeamCosts				-		7,000		7,000	-		-
Community TeamCosts			10,000			34,500		(44,500)	-		-
RefurbishmentofPhysio&OTrooms			263				-	(263)	-		-
ClinicalStafftraining			40,577				-	(10,577)	-		-
Gymequipment			100				-	(100)	-		-
LivingWellCentreCosts			3,500				-	-	-	3,500
StJames’Place Grant—BreathEasy Project			(16,566)				-	(17,816)	-	(34,382)
hislaineofParisHealin ReneBons	g		3,190			20,000		(10,097)	-	13,093
FamilyServices				-		975		(975)	-		-
AmbulanceCanopy				-		8,000		-	-	8,000
ITforClinicalStaff				-		17,731		-	-	17,731
GiftsinWillsStrategy				-		42,500		-	-	412,500
VariousSmallfunds			1,008			1,412		(1,128)	-	1,292
			18,060			905,859		(899,940)	-	23,979
			22,395,386			8,722,613		(7,790,887)	(798)	23,326,314

23.	ANALYSISOFNETASSETS	Group
23a	2023		Fixedasset			Other	net
		Fixedassets	Investments			Assets			Total
		£		£			£			£
	Generalfund			2,863		8,863,660				8,866,523
	Designatedfunds
	CapitalMaintenanceFund			-			200,000			200,000
	MoonlightWalkMatchPot			-			50,000			50,000
	ProjectFunds			-			325,000			325,000
	FixedAssetFund—NewHospice	13,929,490		-				-		13,929,490
	FixedAsset—OtherAssets	224,088		-				-		224,088
	TotalDesignatedFunds	14,153,578		-			575,000			14,728,578
	Restrictedfunds				-		34,361			34,361
		14,153,578		2,863		9,473,021				23,629,462

	Charity
		Fixedasset		Other	net
	Fixedassets	Investments		Assets			Total
	£		£		£			£
Generalfund			2,866	8,822,250				8,825,116
Designatedfunds
CapitalMaintenanceFund			-		200,000			200,000
MoonlightWalkMatchPot			-		50,000			50,000
ProjectFunds			-		325,000			325,000
FixedAssetFund—NewHospice	13,929,490		-			-		13,929,490
FixedAsset—OtherAssets	224,088		-			-		224,088
TotalDesignatedFunds	14,153,578		-		575,000			14,728,578
Restrictedfunds			-		34,361			34,361
	14,153,578		2,866	8,431,611				23,588,055
								45

23.	ANALYSISOFNETASSETS	Group
23b	2022		Fixedasset	Other	net
		Fixedassets	investments	Assets		Total
		£	£		£		£
	Generalfund	-	4,094		8,557,522		8,561,616
	Designatedfunds
	CapitalMaintenanceFund	-	-		200,000		200,000
	35thAnniversaryMatchpot				43,830		43,830
	FixedAssetFund—NewHospice	14,219,374	-		-		14,219,374
	FixedAsset—OtherAssets	277,515	-		-		277,515
	TotalDesignatedFunds	14,496,889	-		243,830		14,740,719
	Restrictedfunds	-	-		23,979		23,979
		14,496,889	4,094		8,825,331		23,326,314

	Charity
		Fixedasset	Othernet
	Fixedassets	Investments	Assets	Total
	£	£	£	£
Generalfund	-	4,094	8,564,283	8,568,377
Designatedfunds
CapitalMaintenanceFund	-	-	200,000	200,000
35thAnniversaryMatchpot	-	-	43,830	43,830
FixedAssetFund—NewHospice	14,219,374	-	-	14,219,374
FixedAsset—OtherAssets	277,515	-	-	277,515
TotalDesignatedFunds	14,496,889	-	243,830	14,740,719
Restrictedfunds	-	-	23,979	23,979
	14,496,889	4,094	8,832,092	23,333,075

24.	RECONCILIATIONOFNETINCOMETONETCASHFLOW	FROMOPERATINGACTIVITIES
		Group
		2023	2022
		£	£
	Netincomefortheyear	303,148	930,928
	Adjustmentsfor:
	Depreciationofcharges	434,370	429,768
	Lossesoninvestments	1,231	798
	Dividends,interestfrominvestments	(82,116)	(3,815)
	(Decrease)instock	(966)	(287)
	(Increase)/Decreaseindebtors	15,551	(143,273)
	Increase/(Decrease)increditors	112,642	(88,509)
		783,860	1,125,610
		Group
25.	ANALYSISOFCASHANDCASHEQUIVALENTS	2023	2022
		£	£
	Cashinhand	7,805,265	7,030,348
		7,805,265	7,030,348

					2023—Group	andCharity
			<1year	2and § years	>5years	Total
			£	£	£	£
Land	&	Buildings	330,175	826,192	107,640	1,264,007
Other			20,811	791	-	21,602
			350,986	826,983	107,640	1,285,609
					2022-Group	andCharity
			<1year	2and5 years	>5years	Total
			£	£	£	£
Land	&	Buildings	332,400	967,942	199,640	1,499,982
Other			22,618	11,254	-	33,872
			355,018	979,196	199,640	1,533,854


29. COMPARATIVESTATEMENTOFFIN	ANCIALACTIVITIES
	Unrestricted funds	Restricted funds	Total 2022	Total Restated 2021
				Restated
	£	£	£	£
INCOMEFROM:
DonationsandLegacies Donations NHSEnglandGrant Legacies	1,423,729 - 2,203,355	119,509 766,385 -	1,543,238 766,385 2,203,355	1,976,175 2,235,323 1,715,158
	3,627,084	885,894	4,512,978	5,926,656
CharitableActivities OtherTradingActivities Investments OtherIncome	1,540,320 2,645,535 3,815 -	17,731 2,234 - -	1,558,051 2,647,769 3,815 -	1,551,170 1,378,839 3,968 240,000
TotalIncome	7,816,754	905,859	8,722,613	9,100,633
EXPENDITUREON:
RaisingFunds	2,597,947	6,650	2,604,597	2,389,803
CharitableActivities inpatientUnit CommunityServices EducationandTraining	2,557,497 1,506,063 229,440	797,520 95,463 307	3,355,017 1,601,526 229,747	3,621,212 1,645,523 234,863
TotalcostsofCharitableActivities	4,293,000	893,290	5,186,290	5,501,598
TotalExpenditure	6,890,947	899,940	7,790,887	7,891,401
Netincomefromoperational activitiesfortheyear	925,807	5,919	931,726	1,209,232
Net(losses)/gainsoninvestments	(798)	-	(798)	1,135
NETINCOME	925,009	5,919	930,928	1,210,367
Transfersbetweenfunds
NETMOVEMENTINFUNDS	925,009	5,919	930,928	1,210,367
RECONCILIATIONOFFUNDS Totalfundsbroughtforward	22,377,326	18,060	22,395,386	21,185,019
TOTALFUNDSCARRIED FORWARD	23,302,335	23,979	23,326,314	22,395,386