2022-03-31-accounts - St Wilfrid's Hospice (Eastbourne)

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CONTENTS		Page
Legal and administrative	information
Trustees' report		2 —20
Independent Auditor's	report	21-23
Consolidated statement	offinancial activities	24
Charity and Group balance sheets		25
Consolidated statement	ofcash flows	26
Notes to the financial statements		27-44

REGISTERED NAME OF CHARITY	StWilfrid's Hospice (Eastbourne)	StWilfrid's Hospice (Eastbourne)
CHARITY NUMBER	283686
COMPANY NUMBER	1594410
PRINCIPAL OFFICE/REGISTERED OFFICE	1 Broadwater Way
	Eastbourne
	East Sussex
	BN22 9PZ
PRESIDENT	Her Majesty The Queen Consort
PATRONS	His Grace the Duke ofDevonshire KCVO, CBE
	Mr David Dimbleby
	Dr Joan Hester
TRUSTEES	Mr S O' Leary (appointed on	28 September 2021)(Chair Irom
	1 January 2022)
	Ms FMacIntyre (Chair until	31December 2021)
	Mr D Adams
	Dr M Barnes
	Mr A Breeze (retired 28 September 2021)
	Mrs JButler
	Ms LChambers
	Dr JMcGowan (retired 22 March 2022)
	Mr G Meyer
	Mrs VMorrey (retired 28 September 2021)
	Mrs KPlanterose (retired 28	September 2021)
	Mrs M Richardson
	Mr D Turner
CHIEF EXECUTIVE	Mr D Scott-Ralphs
LEADERSHIP TEAM
	Mr D Barclay (Medical Director)
	Mr CTwomey (Clinical Services Director)
	Ms A Dechamps (Patient k, Family Support Director)
	Mrs PRussell (Development	Director)
	Ms Vinyo Aidam (Finance and ITDirector -appointed		1April
	2021,retired 8 April 2022)
	MrDMackenzie (Finance and ITDirector —appointed		8 April
	2022)
PROFESSIONAL ADVISORS	Haysmacintyre LLP
	10Queen Street Place
	London
	EC4R 1AG

Risk identified			Actions taken to mitigate the risk
Uncertainty ofincome	and impact on cashflow.		Income generation strategy focuses	on
			diversification of funding streams.
			Establishment oflegacy equalisation reserve and
			increase to 9 months of free reserves target.
			Rolling 3 year financial and scenario planning.
			Quarterly I&Ereforecasts and 12month forward
			rolling cash flow updated monthly. Active
			exploration of opportunities for cost sharing
			with other hospices. Continue to engage with
			ICB around commissioning and funding ofend
			oflife care.
Staffing capacity and resilience.			Active workforce planning to anticipate future
			need and develop career pathways. Additional
			medical resource budgeted in 2022/23. Major
			focus on employee and volunteer wellbeing
			support. Continuing to recruit new volunteers.
			Improvements to ITsystem to allow more
			efficient working. Diversity audit leading to
			actions to broaden recruitment reach.
Safeguarding.			Safeguarding Steering Group meets quarterly	to
			oversee work. Corporate safeguarding risk
			register in place and featured in every
			departmental register. Mandatory training in
			children and adult safeguarding for clinical and
			non-clinical staff and volunteers —over 90%
			completion. Freedom to Speak Up Advocates	in
			place.
Major incident/business	continuity.		Major incident and recovery plan updated
			annually, with test exercises undertaken. IT
			system upgraded to facilitate mobile working.
			Daily backups ofkey databases. Flu and Covid
			jabs offered to all staff. Focus on infection
			control. Regular fire drills and fire risk
			assessment.
		13

Cost ofrepairing	Cost ofrepairing	or replacing	Fixed asset register in place. 15year asset
			management plan created (next review 2023)
			and asset management reserve being built.
			Dilapidations provision made for shops.
			Fundraising for capital works.
Fraud, theft	and	cyber crime.	Cyber Essentials Plus accreditation achieved.
			New IThardware protected by Trend business
			security and data encrypted in the event ofloss.
			Servers patched regularly to provide updated
			protection against ransomware. Electronic
			payments double signed by the leadership team.
			Annual cyber awareness mandatory training.
Information	governance.		CEO is Senior Information Risk Officer
			(SIRO).Data Protection Steering Group
			comprising Information Asset Owners meets
			monthly. Cyber Essentials Plus accreditation.
			Privacy Impact Assessments for each new
			contract/initiative. Annual ref'iesher training.
			Sentinel AINM system facilitates reporting and
			monitoring ofdata breaches.

The Trustees who served during the year and their	attendance	at Board meet	ings were:
					Meetings	attended
Mr S O' Leary Chair ofTrustees (appointed 28 September Ms FMacIntyre 4 "Chair ofthe People Committee Mr D Adams¹		2021,as Chair	1 January	2022)
Dr M Barnes 4
Mr ABreezet (retired 28 September 2021)
Mrs JButler 4 Chair ofthe Clinical Governance	Committee	and Trustee Safeguarding		Lead
Ms LChambers t Ms JMcGowan 4 (retired 22March 2022) Mr GMeyer¹
Mrs VMorrey (retired 28 September 2021)
Mrs KPlanterose ~1(retired 28 September 2021) Ms M Richardson iChair ofthe Audit Committee Mr DTurner I¹Chair ofthe Income Generation Committee

Ms M Richardson iC Mr DTurner I¹Chai	hair ofthe A r ofthe Inco
Members ofTrustee	Committees:
t Audit Committee 4Clinical Governance ¹Income Generation	Committee Committee
~ People Committee

			Unrestricted	Restricted	Total	Total
			Funds	Funds	2022	2021
		Notes
INCOME FROM:
Donations and legacies		2	4,220,215	453,563	4,673,778	5,543,781
Donated goods income		2,3				3,352
Charitable activities
Statutory funding and grants		2	2,212,651	453,998	2,666,649	4,197,697
Other trading activities
Income f'rom trading		2,3	1,135,044		1,135,044	475,161
Income from lottery			362,300		362,300	320,003
Investments			60,763		60,763	34,221
Other			21,767		21,767	138,108
Total income			8,012,740	907,561	8,920,301	10,712,323
EXPENDITURE ON:
Raising funds
Fundraising costs		6	956,854	22,254	979,108	959,275
Trading costs ofgoods	sold and
other costs		3	968,999		968,999	877,390
Charitable activities
In patient		6	2,944,318	759,025	3,703,343	3,931,650
Wellbeing		6	345,713	95,656	441,369	575,564
Community Nursing		6	1,924,610	287,143	2,211,753	1,717,095
Total expenditure			7,140,494	1,164,078	8,304,572	8,060,974
Net income/(expenditure)	before
net gains on investments			872,246	(256,517)	615,729	2,651,349
Net gains on investments		13	253,288		253,288
Net income/(expenditure)			1,125,534	(256,517)	869,017	2,651,349
Gross transfers between	funds	19
Net movement in funds			1,125,534	(256,517)	869,017	2,651,349
Fund balances at 1 April	2021		18,557,066	351,247	18,908,313	16,256,964
Fund balances at31March 2022		20,21	19,682,600	94,730	19,777,330	18,908,313

		Hospice	Hospice	Group
		2022	2021	2022	2021
	Notes
FIXEDASSETS
Tangible assets	12	9,817,946	10,033,577	9,817,946	10,034,035
Investments	13	4,334,859	857,509	4,334,758	857,408
		14,152,805	10,891,086	14,152,704	10,891,443
CURRENT ASSETS
Stocks		8,805	9,528	12,882	15,663
Debtors	14	3,265,614	3,662,258	3,191,652	3,661,839
Cash at bank and in hand		3,912,202	5,911,805	4,005,285	5,916,077
		7,186,621	9,583,591	7,209,819	9,593,579
CREDITORS: amounts
falling due within one year	15	(1,563,332)	(1,561,965)	(1,585,193)	(1,576,707)
NET CURRENT ASSETS		5,563,289	8,021,626	5,564,626	8,016,872
TOTAL ASSETSLESS
CURRENT LIABILITIES		19,776,094	18,912,712	19,777,330	18,908,313
NET ASSETS		19,776,094	18,912,712	19,777,330	18,908,313
FUNDS:
Restricted funds	18	94,730	351,247	94,730	351,247
Unrestricted funds:
Designated funds	19	14,217,535	14,169,340	14,217,535	14,169,340
Operating reserve	19	5,463,829	4,392,125	5,465,065	4,387,726
		19,776,094	18,912,712	19,777,330	18,908,313

							2022	2021
						Note
Cash flows from operating		activities:
Net cash provided by operating activities						21	1,458,545	1,689,073
Cash flows from investing		activities:
Dividends, interest and rents		&om investments					60,763	34,221
Proceeds &om the sale ofplant and equipment							170	3,574
Purchase ofproperty, plant	and equipment						(205,975)	(281,111)
Transfer ofinvestments							(724,295)	(47,791)
Purchase ofinvestments							(2,500,000)
Net cash (used in) investing		activities					(3,369,338)	(291,107)
Change in cash and cash equivalents			in the reporting	period			(1,910,792)	1,397,966
Cash and cash equivalents	at the beginning ofthe reporting				period		5,916,077	4,518,111
Cash and cash equivalents		at the end	ofthe reporting	period			4,005,285	5,916,077

1.	ACCOUNTING POLICIES
	The principal accounting policies adopted, judgements and key sources ofjudgement, estimation and uncertainty
	in the preparation ofthe financial statements are as follows:
1.1	Statement ofcompliance
	The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
	Statement ofRecommended Practice applicable to charities preparing their accounts in accordance with the
	Financial Reporting Standard applicable in the UK and Republic ofIreland (FRS 102) - (Charities SORP Second
	Edition, effective 1 January 2019),the Financial Reporting Standard applicable in the UK and Republic of
	Ireland (FRS 102)and the Companies Act 2006.
	StWil&id's Hospice (Eastbourne) meets the definition ofapublic benefit entity under FRS 102.Assets and
	liabilities are initially recognised athistorical cost or transaction value unless otherwise stated in the relevant
	accounting policy note(s).
1.2	General information
	The charity is aprivate company limited by guarantee, incorporated in England and Wales (company number:
	01594410)and a charity in England and Wales (charity number: 283686).The charity's registered office is 1
	Broadwater way, Eastbourne, East Sussex, BN22 9PZ.
1.3	Preparation ofaccounts on a going concern basis
	At the time ofapproving the financial statements, Trustees have areasonable expectation that the charity has
	adequate resources to continue in operational existence for the foreseeable future. In addition, through
	appropriate consideration ofrisks as part ofits normal risk management processes and mitigating actions both
	already taken and available to be taken, the Trustees consider there are no material uncertainties about the
	Charity's ability to continue as agoing concern. The review ofthe Charity's financial position, reserves levels
	and future plans gives Trustees confidence the Charity remains agoing concern for the foreseeable future.
1.4	Group financial statements
	The financial statements consolidate the results ofthe charity and its wholly owned subsidiary StWil&id's
	Hospice Eastbourne Trading Company Limited (registered number: 02198239).The results ofthe wholly owned
	subsidiary, StWilfrid's Hospice (Eastbourne) Projects Limited, has not been consolidated into these financial
	statements as its results are immaterial to the charity and group. A separate Statement ofFinancial Activities and
	Income and Expenditure Account for the charity has not been presented because the charity has taken advantage
	ofthe exemption afforded by section 408ofthe Companies Act 2006.The registered once for these subsidiaries
	is the same as the parent.
	Theconsolidated statement offinancial activities, income and expenditure account and balance sheet include the
	financial statements ofthe company and its subsidiary undertaking made up to31March 2021.The company
	has taken advantage ofthe exemption from presenting its own income and expenditure account. The
	suiplus ofthe company for the financial year amounted to f863,385(2021:Surplus E2,665,931).All
	intercompany transactions are eliminated on consolidation.

	ACCOUNTING POLICIES (continued)
1.9	Financial instruments
	The charity only has financial assets and financial liabilities ofakind that qualify as basic financial	instruments.
	Basic financial instruments are initially recognised at transaction value and subsequently measured	at their
	settlement value with the exception ofbank loans which are subsequently measured at amortised cost using the
	effective interest method.
1.10	Investments
	Investments are a form ofbasic financial instruments and are initially shown in the financial statements	at market
	value. Movements in the market values ofinvestments are shown as unrealised gains and losses in the	Statement		of
	Financial Activities.
	Profits and losses on the realisation ofinvestments are shown as realised gains and losses in the Statement of
	Financial Activities. Realised gains and losses on investments are calculated between sales proceeds and their
	opening carrying values or their purchase value ifacquired subsequent to the first day ofthe financial	year.
	Unrealised gains and losses are calculated as the difference between the fair value at the year end and	their carrying
	value. Realised and unrealised investment gains and losses are combined in the Statement ofFinancial	Activities.
	Stock
	Stock consists ofpurchased goods for resale. Stocks are valued at the lower ofcost and net realisable value.
	Items donated for resale or distribution are not included in the financial statements until they are sold or
	distributed.
1.12	Creditors and provisions
	Creditors and provisions are recognised where the charity has apresent obligation resulting Irom apast event		that
	will probably result in the transfer offunds to a third party and the amount due to settle the obligation can be
	measured or estimated reliably. Creditors and provisions are normally recognised at their settlement	amount after
	allowing for any trade discounts due
1.13	Debtors
	Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
	Prepayments are valued at the amount prepaid net ofany trade discounts due.
1.14	Cash at bank and in hand
	Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of
	three months or less from the date ofacquisition or opening ofthe deposit or similar account.
1.15	Pensions
	The charity operates adefined contribution pension scheme. Contributions are charged in the accounts as they
	become payable inaccordance with the rules ofthe scheme.
1.16	Donated goods
	The Trustees consider the valuation ofdonated goods for resale at the point ofreceipt is impractical,	due to the
	high volume oflow value items and the administrative costs involved in valuation. Goods donated for resale are
	therefore recognised in the accounts at the point ofsale.
1.17	Fund accounting
	General funds are unrestricted funds which are available for use at the discretion ofthe trustees in furtherance			of
	the general objectives ofthe charity and which have not been designated for other purposes.
	Designated funds compriseunrestricted funds thathave been set aside by the trustees for particular	purposes.	The
	aim and use ofeach designated fund is set out inthe notes to the financial statements.
	Restricted funds comprise funds received for a specific expenditure as specified by the donor. The aim and use			of
	each restricted fund is set out in the notes to the financial statements.

DONATIONS, LEGACIES AND	Unrestricted	Restricted
STATUTORY FUNDING	Funds	Funds	2022
Donations and gifts	1,326,496	453,563	1,780,059
Donated Goods Income
Legacies receivable	2,893,719		2,893,719
Grants receivable for core activities	2,212,651	453,998	2,666,649
	6,432,866	907,561	7,340,427
DONATIONS, LEGACIES AND	Unrestricted	Restricted
STATUTORY FUNDING	Funds	Funds	2021
	(Restated)	(Restated)	(Restated)
Prior Year —2021
Donations and gifts	1,239,549	359,357	1,598,906
Donated Goods Income	3,352		3,352
Legacies receivable	3,944,875		3,944,875
Grants receivable for core activities	2,570,616	1,627,081	4,197,697
	7,758,392	1,986,438	9,744,830

ACTIVITIES FOR GENERATING FUNDS			2021
Trading income and costs
Trading income
Donated goods income	955,404		451,707
Bought in goods income	37,951		7,950
Street cafe incoine	73,273		15,504
Other operating income	68,416
		1,135,044		475,161
Trading expenses
Cost ofsales	29,734		10,749
Street cafe costs	96,774		75,399
Staffexpenses	414,547		403,120
Property expenses	331,284		299,672
Administration expenses	73,295		64,580
Dilapidations/Depreciation	23,365		23,875
		968,999		877,395
Less interest received	(4)		(5)
		968,995		877,390
Total (deficit)/surplus		166,049		(402,22
				9)
Number ofshops

4.	INVESTMENT INCOME - UNRESTRICTED	INVESTMENT INCOME - UNRESTRICTED	INVESTMENT INCOME - UNRESTRICTED			2022	2021
	Rental income &om	investment	properties			26,746	23,210
	Income &om listed investments					21,454
	Interest receivable					12,563	11,011
						60,763	34,221
5.	OTHER INCOME	—UNRESTRICTED				2022	2021
	Education courses and recharges						12,002
	Other income					21,767	126,106
						21,767	138,108
6.	TOTAL EXPENDITURE			Other	Support
			Staff	Direct	Costs	Total
			Costs	Costs	Allocation	2022
	Charitable expenditure
	Primary costs
	Inpatient		2,047,604	905,207	750,532	3,703,343
	Wellbeing		165,371	96,293	179,705	441,369
	Community Nursing		1,280,845	307,226	623,682	2,211,753
			3,493,820	1,308,726	1,553,919	6,356,465
	Costs ofgenerating	funds
	Non-charitable trading		414,547	554,452		968,999
	Fundraising		504,306	337,381	137,421	979,108
			4,412,673	2,200,559	1,691,340	8,304,572
	SUPPORT COSTS					2022
						Total
	Support staff					1,030,212
	Office					244,744
	Premises and utilities					391,772
	Governance					24,612
						1,691,340
	GOVERNANCE COSTS
	Legal and professional					878
	Auditors' remuneration					16,600
						17,478

					Staff	Other	Support	Total
						Direct	Costs
					Costs	Costs	Allocation	2021
Charitable	expenditure
Primary costs
Inpatient					2,163,234	806,137	962,279	3,931,650
Wellbeing					324,848	106,162	144,554	575,564
Community		Nursing			1,133,395	79,670	504,030	1,717,095
					3,621,477	991,969	1,610,863	6,224,309
Costs ofgenerating				funds
Non-charitable			trading		403,120	474,270		877,390
Fundraising					376,863	414,546	167,866	959,275
					4,401,460	1,880,785	1,778,729	8,060,974
SUPPORT	COSTS							2021
								Total
Support staff								1,090,322
Office								126,211
Premises and		utilities						544,718
Governance								17,478
								1,778,729
GOVERNANCE			COSTS
Legal and professional								878
Auditors' remuneration								16,600
								17,478

NET INCOME/(EXPENDITURE)	2022	2021
Net income is stated after:
Auditors' remuneration
Audit services	15,125	14,400
Non-audit services	2,050	1,950
Depreciation	421,891	375,839

							Hospice and Group	Hospice and Group
EMPLOYEES							2022	2021
							Number	Number
The average	monthly	number ofemployees		during		the year was:
Inpatient							71	69
Wellbeing							17	15
Hospice at Home							59	44
Support staff							54	46
Fundraising							13	12
Retail							24	20
							238	206
The full time	equivalent		number ofemployees		at March was:
Inpatient							43	52
Wellbeing							12	12
Hospice at Home							30	31
Support staff							40	34
Fundraising							11	11
Retail							19	18
							155	158
Employment	costs
Wages and salaries							4,575,402	4,640,058
National insurance							433,248	425,546
Pension costs							436,738	418,995
Redundancy	costs							7,183
							5,445,388	5,491,782

TANGIBLE FIXED	ASSETS
				Fixtures
Hospice	Land and	Computer	Plant and	And	Motor
	Buildings	Equipment	equipment	Fittings	Vehicles	Total
Cost
At 1 April 2021	11,061,022	541,936	124,108	810,688	86,904	12,624,658
Additions		92,535	34,511	78,930		205,975
Disposals		(119,951)	(5,491)	(160,600)		(286,042)
At 31March 2022	11,061,022	514,520	153,128	729,018	86,904	12,544,592
Depreciation
At 1 April 2021	1,518,617	335,080	67,985	632,469	36,390	2,591,081
Charge for the year	202,120	107,385	33,399	64,306	14,223	421,433
On disposals		(117,764)	(5,507)	(162,597)		(285,868)
At 31March 2022	1,720,737	324,701	95,877	534,178	50,613	2,726,646
Net Book Value
At 31March 2022	9,340,285	189,819	57,251	194,840	36,291	9,817,946
At 31March 2021	9,542,405	206,856	56,123	178,219	49,974	10,033,577
Group
Cost
At 1 April 2021	11,061,022	543,586	124,108	810,688	86,904	12,626,308
Additions		92,535	34,511	78,930		205,976
Disposais		(119,951)	(5,491)	(160,600)		(286,042)
At 31March 2022	11,061,022	516,170	153,128	729,018	86,904	12,546,242
Depreciation
At 1 April 2021	1,518,617	336,272	67,985	632,469	36,930	2,592,273
Charge for the year	202,120	107,843	33,399	64,306	14,223	421,891
On disposals		(117,764)	(5,507)	(162,597)		(285,868)
At 31March 2022	1,720,737	326,351	95,877	534,178	51,153	2,728,296
Net Book Value
At 31March 2022	9,340,285	189,819	57,251	194,840	35,751	9,817,946
At 31March 2021	9,542,405	207,314	56,123	178,219	49,974	10,034,033

13	FIXEDASSET	FIXEDASSET	INVESTMENTS	INVESTMENTS	- GROUP AND	- GROUP AND
	HOSPICE						Investment	Listed	Total
							Properties	Investments	Investments
	Market value	at	1 April	2021			753,278	104,130	857,408
	Additions at market value							4,812,305	4,812,305
	Disposals at cost						(3,278)	(1,787,487)	(1,790,765)
	Revaluation						185,000	68,288	253,288
	Movement in	investment		cash				202,522	202,522
	Group Market		value	at 31			935,000	3,399,758	4,334,758
	March 2022
	Investment in subsidiaries
	Share capital
	.StWilfrid's	Hospice (Eastbourne)			Projects Limited				1
	.StWilfrid's	Hospice Eastbourne			Trading	Company			100
	Limited
	Hospice Market		value	at 31					4,334,859
	March 2022
	Historical cost:
	At 31March	2022					516,851	3,517,956	4,034,807
	At 31March	2021					516,851		516,851
14.	DEBTORS						Hospice		Group
						2022	2021	2022	2021
	Legacies					1,514,772	2,114,653	1,514,772	2,114,653
	Trade debtors					1,027,240	874,818	1,029,038	870,607
	Amounts owed by group			undertakings		81,652
	Prepayments	&accrued		income		640,491	621,956	646,384	622,285
	Other debtors					1,459	50,831	1,459	54,294
						3,265,614	3,662,258	3,191,652	3,661,839

CREDITORS: amounts	falling due		Hospice
within one year		2022	2021	2022	2021
Trade creditors		318,752	222,795	325,497	234,522
Taxes and social security	costs	27,054	103,614	28,025	103,614
Other creditors		174,923	115,616	174,923	115,616
Accruals		61,395	197,971	75,540	200,986
Deferred income		981,208	921,969	981,208	921,969
		1,563,332	1,561,965	1,585,193	1,576,707

Prior Year Restricted	funds	funds	Balance at	Movement	in funds	Balance at
			1April			31March
			2020	Income	Expenditure	2021
IPU Capital and Improving		Patient Care appeal	164,248	39,912	(45,548)	158,614
Hospice in the Community			24,323	40,593	(30,556)	34,358
Wellbeing Appeal			38,879	964	(8,878)	30,960
Minibus Appeal			46,200		(5,021)	41,179
Spiritual Support Fund			42,152		(37,674)	4,478
Garden Project			20,559	1,000	(8,476)	13,083
Big Lottery Volunteers	Project		35,031	153,990	(154,960)	34,061
Bereavement Help Point			160	57,920	(47,794)	21,451
BBCChildren In Need	Seahorse Project		8,158	38,049	(36,778)	9,429
Other Restricted Funds			11,325	7,929	(8,089)
Bereavement				6,000	(6,000)
Community Bereavement		Project		13,000	(9,371)	3,629
COVID-19 Emergency	Response Funding			1,627,081	(1,627,081)
			391,035	1,986,438	(2,026,226)	351,247

			Balance at		Movement	Movement	in funds		Balance at
			1April						31March
			2021	Income	Expenditure		Gains/(losses)	Transfers	2022
Asset Management	Reserve		600,000					100,000	700,000
Legacy Equalisation	Reserve		2,560,177						2,560,177
Strategic Development		Reserve	975,130					(20,718)	954,412
Fixed Asset Reserve			10,034,033					(216,087)	9,817,946
Revaluation Reserve							185,000		185,000
Designated funds			14,169,340				185,000	(136,805)	14,217,535
General funds			4,387,726	8,012,740	(7,140,494)		68,288	136,805	5,465,065
Total Unrestricted	Funds		18,557,066	8,012,740	(7,140,494)		253,288		19,682,600
			Balance at		Movement	in funds		Balance at
			1April					31March
			2020	Income	Expenditure		Transfers	2021
Asset Management	Reserve		300,000				300,000	600,000
Legacy Equalisation	Reserve		960,177				1,600,000	2,560,177
Strategic Development		Reserve	975,130					975,130
Fixed Asset Reserve			10,130,622				(96,589)	10,034,033
Designated funds			12,365,929				1,803,411	14,169,340
General funds			3,500,000	10,352,966	(7,661,829)		(1,803,411)	4,387,726
Total Unrestricted	Funds		15,865,929	10,352,966	(7,661,829)			18,557,066

20.	ANALYSIS OFNETASSETSBETWEEN	ANALYSIS OFNETASSETSBETWEEN	ANALYSIS OFNETASSETSBETWEEN	General	Designated	Restricted
	FUNDS			Funds	Funds	Funds	Total
	Fund balances at 31March 2022 are represented			by:
	Tangible fixed assets				9,817,946		9,817,946
	Fixed Asset Investments			4,334,758			4,334,758
	Current assets			2,715,500	4,399,589	94,730	7,209,819
	Creditors: amounts falling due		within one year	(1,585,193)			(1,585,193)
				5,465,065	14,217,535	94,730	19,777,330
	ANALYSIS OFNETASSETSBETWEEN			General	Designated	Restricted
	FUNDS —Prior Year			Funds	Funds	Funds	Total
	Fund balances at 31March 2021 are represented			by:
	Tangible fixed assets				10,034,033		10,034,033
	Fixed Asset Investments			857,408			857,408
	Current assets			5,107,025	4,135,307	351,247	9,593,579
	Creditors: amounts falling due		within one year	(1,576,707)			(1,576,707)
				4,387,726	14,169,340	351,247	18,908,313
21.	RECONCILIATION	OFNET INCOME TO				2022	2021
	NET CASH FLOW FROM OPERATING ACTIVITIES
	Net income for the reporting		period (asper the
	statement offinancial	activities)				869,017	2,651,349
	Adjustments for:
	Depreciation charges					421,891	375,839
	Gains on invesnnents					(253,288)
	Dividends, interest and	rent &om investments				(60,763)	(34,221)
	(Profit)/loss on the sale	offixed assets				(170)	(1,712)
	Decrease/(increase) in	stocks				2,781	(1,892)
	Decrease/(increase) in	debtors				530,592	(1,543,465)
	Increase/(decrease) in creditors					8,486	(6,825)
				42

	Changes in assets	held for resale			250,000
	Net cash provided	by operating	activities	1,458,545	1,689,073
22.	OPERATING LEASES COMMITMENTS			2022	2021
	Group Leases which expire:
	Within one year			5,169	19,840
	Within two to five	years			5,169
				5,169	25,509
	Charity Leases which expire:
	Within one year			5,169	19,840
	Within two to five	years			5,169
				5,169	25,509

	Unrestricted	Restricted	Total	Total
	Funds	Funds	2021	2020
	(Restated)	(Restated)	(Restated)
INCOME FROM:
Donations and legacies	5,184,424	359,357	5,543,781	4,655,873
Donated goods income	3,352		3,352	158,188
Charitable activities
Statutory funding and grants	2,570,616	1,627,081	4,197,697	2,152,213
Other trading activities
Income &om trading	475,161		475,161	969,257
Income from lottery	320,003		320,003	314,910
Investments	34,221		34,221	56,882
Other	138,108		138,108	24,981
Total income	8,725,885	1,986,438	10,712,323	8,332,304
EXPENDITURE ON:
Raising funds
Fundraising costs	954,974	4,301	959,275	882,830
Trading costs ofgoods sold and
other costs	877,390		877,390	977,547
Charitable activities
In patient	2,232,734	1,698,916	3,931,650	3,717,979
Wellbeing	296,493	279,071	575,564	551,037
Community Nursing	1,673,157	43,938	1,717,095	1,757,005
Total expenditure	6,034,748	2,026,226	8,060,974	7,886,398
Net gains/(losses) on investments
Net income/(expenditure)	2,691,137	(39,788)	2,651,349	445,906
Gross transfers between funds
Net movement in funds	2,691,137	(39,788)	2,651,349	445,906
Fund balances at 1 April 2020	15,865,929	391,035	16,256,964	15,811,058
Fund balances at31March 2021	18,557,066	351,247	18,908,313	16,256,964