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2023-03-31-accounts
CONTENTS Page
Legal and administrative information
Trustees'
report		 2 —19
Independent
Auditor's		 report 20-22
Consolidated
statement		 offinancial activities 23
Charity and Group balance sheets 24
Consolidated
statement		 ofcash flows 25
Notes to the financial statements 26-43

REGISTERED NAME OF CHARITY StWilfrid's Hospice (Eastbourne) StWilfrid's Hospice (Eastbourne)
CHARITY NUMBER 283686
COMPANY NUMBER 01594410
PRINCIPAL OFFICE/REGISTERED OFFICE 1 Broadwater Way
Eastbourne
East Sussex
BN22 9PZ
PRESIDENT HM The Queen
PATRONS The Duke ofDevonshire
Mr David Dimbleby
Dr Joan Hester
TRUSTEES Mr S O' Leary (Chair)
Mr D Adams
Dr M Barnes
Mrs JButler
Ms BHobson (appointed 13September 2022)
Mr D Holdsworth
(appointed
13September 2022)
Ms FMacIntyre
Mr GMeyer
Mrs M Richardson
Mr DTurner
CHIEF EXECUTIVE Mr CTwomey (appointed 1 January 2023)
Mr D Scott-Ralphs
(retired 31December 2022)
LEADERSHIP TEAM Dr D Barclay (Medical Director)
Ms A Dechamps
(Patient 4 Family Support Director)
Mr D Mackenzie
(Finance and ITDirector)
Mrs P Russell (Development
Director)
Mr C Twomey (Clinical Services Director) (until 31
December 2022)
Mrs RBacon (Associate Director for Clinical Services)
Mrs G Chandler (Associate Director for People Services)
Mrs LFree (Associate Medical Director)
Mrs TSchrikker (Associate Director for Quality
Improvement)
AUDITORS Haysmacintyre
LLP
10Queen Street Place
London
EC4R 1AG

2022/23 2021/22 Increase/decrease Variance
E,k Kk Kk
Legacies 3,848 2,894 954 33
Donations and Gifts 1,805 1,780 25 1
Lottery 352 362 (10) (3)
Trading 1,260 1,135 125 11

Funding sources Funding sources
Our funding
comes from:
2022/23 2021/22
Legacies 40% 32%
Gifts and Donations 18% 20%
Statutory Funding 23% 30%
Trading 13% 13%
Lottery 4% 4%
Investments/other 2% 1%

Risk identified 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.
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. Closer
working
with StMichael's Hospice to create
shared roles and conditions.
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.

Cost ofrepairing Cost ofrepairing or replacing fixed assets. Fixed asset register in place. 15year asset
management
plan created 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. Finance and ITDirector 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
refresher
trainin .Sentinel AINM s stem facilitates
reporting
and monitoring
ofdata breaches.

Meetings attended
Mr S O' Leary Chair ofTrustees
Mr D Adams
¹
Dr M Barnes +
Mrs JButler ~ 4 Chair ofthe Clinical Governance Committee and Trustee Safeguarding Lead
Ms LChambers t~
Ms BHobson 4
Mr D Holdsworth
Ms FMacIntyre
Mr G Meyer "
¹		 t¹Chair ofthe Audit Committee
4 "Chair ofthe People Committee
Ms M Richardson t
Mr D Turner t
¹		 Chair ofthe Income Generation Committee
Members ofTrustee Committees:
0Audit Committee
4 Clinical Governance Committee
¹ Income Generation Committee
A People Committee

Unrestricted Restricted Total Total
Funds Funds 2023 2022
Notes
INCOME FROM:
Donations
and Legacies
Charitable
Activities		 2 5,399,070 255,083 5,654,153 4,673,778
Statutory Funding
and
Other trading
activities		 Grants 2 2,229,382 2,229,382 2,666,649
Income from Trading 3 1,260,238 1,260,238 1,135,044
Income from Lottery 352,349 352,349 362,300
Investments 4 138,165 138,165 60,763
Other 5 56,334 56,334 21,767
Total Income 9,435,538 255,083 9,690,621 8,920,301
EXPENDITURE ON:
Raising Funds
Fundraising
Costs
Trading Costs ofGoods		 Sold 6 1,229,446 7,853 1,237,299 956,198
and Other Costs 3 1,154,486 1,154,486 968,999
Charitable
activities
In Patient 3,384,537 35,332 3,419,869 3,578,219
Therapies 478,704 29,242 507,946 337,767
Community
Nursing		 2,561,750 58,901 2,620,651 2,107,777
Patient &Family Support 381,001 121,524 502,525 355,612
Total Expenditure 9,189,924 252,852 9,442,776 8,304,572
Net income/(expenditure)
before net gains/(losses) on 245,614 2,231 247,845 615,729
investments
Net gains/(losses)
on		 13 (145,827) (145,827) 253,288
investments
Net income/(expenditure) 99,787 2,231 102,018 869,017
Gross transfers between funds 19 47,708 (47,708)
Net movement
in funds		 147,495 (45,477) 102,018 869,017
Fund balances at 1 April 2022 19,682,600 94,730 19,777,330 18,908,313
Fund
balances
at 31 March		 20,21 19,830,095 49,253 19,879,348 19,777,330
2023
Hospice Hospice Group
2023 2022 2023 2022
Notes
FIXEDASSETS
Tangible assets 12 9,506,686 9,817,946 9,506,686 9,817,946
Investments 13 4,493,457 4,334,859 4,493,356 4,334,758
14,000,143 14,152,805 14,000,042 14,152,704
CURRENT ASSETS
Stocks 5,463 8,805 10,964 12,882
Debtors 14 2,986,786 3,265,614 2,932,554 3,191,652
Cash at bank and in hand 4,434,083 3,912,202 4,498,075 4,005,285
7,426,332 7,186,621 7,441,593 7,209,819
CREDITORS: amounts
falling due within one year 15 (1,549,641) (1,563,332) (1,562,287) (1,585,193)
NET CURRENT ASSETS 5,876,691 5,623,289 5,879,306 5,624,626
CURRENT LIABILITIES 19,876,834 19,776,094 19,879,348 19,777,330
NET ASSETS 19,876,834 19,776,094 19,879,348 19,777,330
FUNDS:
Restricted funds 18 49,253 94,730 49,253 94,730
Unrestricted funds:
Designated funds 19 13,911,275 14,217,535 13,911,275 14,217,535
Operating
reserve		 19 5,916,306 5,463,829 5,918,820 5,465,065
19,876,834 19,776,094 19,879,348 19,777,330

2023 2022
Note
Cash flows from operating
activities:
Net cash provided
by operating
activities		 21 797,487 1,458,545
Cash flows from investing
activities:
Dividends,
interest and rents &om investments		 138,165 60,763
Proceeds from the sale ofplant and equipment 170
Purchase ofproperty,
plant and equipment		 (138,437) (205,975)
Transfer ofinvestments (724,295)
Purchase ofinvestments (1,387,600) (2,500,000)
Disposal ofinvestments 1,075,458
Movement
in investment
cash		 7,717
Net cash (used in) investing
activities		 (304,697) (3,369,338)
Change in cash and cash equivalents in the reporting period (492,790) (1,910,792)
Cash and cash equivalents
at the beginning 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.
StWilfiid's Hospice (Eastbourne)
meets the definition ofapublic benefit entity under FRS 102.Assets and
liabilities are initially recognised at historical 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 a reasonable
expectation
that the charity has
adequate
resources to continue
in operational
existence for the foreseeable
future. In addition,
through
'
repriate~sideratiotre&risks~part-of-its-
ceases-and-mitigating-actions-bo
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 (Eastboume) 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 office for these subsidiaries
is the same as the parent.
The consolidated statement offinancial activities, income and expenditure
account and balance sheet include		 the
financial statements ofthe company
and its subsidiary
undertaking
made up to31March 2023.The company
has taken advantage
ofthe exemption
from presenting
its own income and expenditure
account. The
surplus ofthe company for the financial year amounted
to f68,502 (Surplus 2022:f863,385).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 aform 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 a present obligation
resulting
from a		 past event that
will probably
result in the transfer offunds to athird 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 a defined contribution
pension scheme. Contributions
are charged in the accounts as they
become payable in accordance 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 comprise unrestricted
funds that have been set aside by the trustees for particular		 purposes. The
aim and use ofeach designated
fund is set out in the notes to the financial statements.
Restricted funds comprise funds received for aspecific 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 2023
Donations
and Gifts		 1,550,470 255,083 1,805,553
Legacies Receivable 3,848,600 3,848,600
399+2 /54~
Grants Receivable for Core Activities 2,229,382 2,229,382
7,628,452 255,083 7,883,535
DONATIONS, LEGACIES AND Unrestricted Restricted
STATUTORY FUNDING Funds Funds 2022
Prior Year —2022
Donations
and Gifts		 1,326,496 453,563 1,780,059
Legacies Receivable 2,893,719 2,893,719
4,220,215 453,563 4,673,778
Grants Receivable for Core Activities 2,212,651 453,998 2,666,649
6,432,866 907,561 7,340,427

ACTIVITIES FOR GENERATING FUNDS 2023 2022
Trading income and costs
Trading income
Donated goods income 1,048,977 955,404
Bought in goods income 43,682 37,951
Street cafe income 167,579 73,273
Other operating
income		 68,416
1,260,238 1,135,044
Trading expenses
Cost ofsales 35,877 29,734
Street cafe costs 155,462 96,774
Staffexpenses 475,443 414,547
Property expenses 351,518 331,284
Administration
expenses		 135,815 73,295
Dilapidations/Depreciation 371 23,365
1,154,486 968,999
Less interest received (170) (4)
1,154,316 968,995
Total (deficit)/surplus 105,922 166,049
Number ofshops

4. INVESTMENT INCOME - INVESTMENT INCOME - UNRESTRICTED 2023 2022
Rental income from investment properties 25,328 26,746
Income from listed investments 80,669 21,454
Interest receivable 32,168 12,563
138,165 60,763
5. OTHER INCOME —UNRESTRICTED 2023 2022
Other Income 56,334 21,767
56,334 21,767
6. TOTAL EXPENDITURE Other Support
Staff Direct Costs Total
Costs Costs Allocation 2023
Charitable
expenditure
Primary
costs
Inpatient 2,031,113 156,330 1,232,426 3,419,869
erapies 7
Community
Nursing		 1,534,596 44,568 1,041,487 2,620,651
Patient k Family Support 303,296 8,290 190,939 502,525
4,180,873 231,685 2,638,433 7,050,991
Costs ofgenerating funds
Non-charitable
Trading		 475,443 679,043 1,154,486
Fundraising 497,734 409,761 329,804 1,237,299
5,154,050 1,320,487 2,968,237 9,442,776
SUPPORT COSTS 2023
Total
Support staff 1,496,008
Office 208,669
Premises and utilities 1,237,405
Governance 26,155
2,968,237
GOVERNANCE COSTS
Legal and professional 6,940
Auditors'
remuneration		 19,215
26,155

Prior Year - 2022 - 2022
Staff Other Support Total
Direct Costs
Costs Costs Allocation 2022
Charitable expenditure
Primary
costs
In Patient 2,047,604 783,666 746,949 3,578,219
Therapies 165,371 67,192 105,204 337,767
Community Nursing 1,280,845 206,227 620,705 2,107,777
Patient &Family Support 196,899 85,069 73,644 355,612
3,690,719 1,142,156 1,546,502 6,379,375
Costs ofgenerating funds
Non-charitable trading 406,005 562,994 968,999
Fundraising 504,306 315,127 136,765 956,198
4,601,030 2,020,277 1,683,267 8,304,572

SUPPO RT COS TS 2022
Total
Support staff 1,252,472
Office 120,805
Premises and utilities 283,472
Governance 26,518
1,683,267
GOVERNANCE COSTS
Legal and professional 9,343
Auditors' remuneration 17,175
26,518

NET INCOME/(EXPENDITURE) 2023 2022
Net income is stated after:
Auditors'
remuneration
Audit services 17,015 15,125
Non-audit
services		 2,200 2,050
Depreciation 429,359 421,891

Hospice and Group Hospice and Group
EMPLOYEES 2023 2022
Number Number
The average monthly number ofemployees during the year was:
Therapies 10 7
Community Nursing 60 59
Patient &Family Support 11 10
Support staff 49 54
Fundraising 19 13
Retail 21 24
241 238
The full-time equivalent number ofemployees at March was:
Inpatient 38 43
Therapies 8 7
Community Nursing 38 30
Patient &Family Support 7 5
Support staff 36 40
Fundraising 15 11
Retail 17 19
159 155
Employment costs
Wages and salaries 5,685,319 5,002,980
National
insurance		 496,698 423,807
Pension costs 452,264 426,715
Redundancy costs 15,777
6,650,058 5,853,502

2023 2022
Number Number

TANGIBLE FIXED ASSETS
Fixtures
Hospice Land and Computer Plant and And Motor
Buildings Equipment equipment Fittings Vehicles Total
Cost
At 1 April 2022 11,061,021 514,537 153,128 729,003 86,904 12,544,593
Additions 24,236 2,851 111,351 138,438
Disposals (16,564) (15,544) (238,853) (270,961)
At 31March 2023 11,061,021 522,209 140,435 601,501 86,904 12,412,070
Depreciation
At 1 April 2022 1,720,738 328,634 96,445 529,364 51,465 2,726,645
Charge for the year 202,120 111,400 26,044 77,190 12,605 429,359
On disposals (15,360) (14,502) (220,759) (250,621)
At 31March 2023 1,922,858 424,674 107,987 385,795 64,070 2,905,384
Net BookValue
At 31March 2023 9,138,163 97,535 32,448 215,706 22,834 9,506,686
At 31March 2022 9,340,283 185,903 56,683 199,639 35,439 9,817,947
Group
Cost
At 1 April 2022 11,061,021 516,187 153,128 729,003 86,904 12,546,243
Additions 24,236 2,851 111,351 138,438
Disposals (16,564) (15,544) (238,853) (270,961)
At 31March 2023 11,061,021 523,859 140,435 601,501 86,904 12,413,720
Depreciation
At 1 April 2022 1,720,738 330,284 96,445 529,364 51,465 2,728,296
Charge for the year 202,120 111,400 26,044 77,190 12,605 429,359
On disposals (15,360) (14,502) (220,759) (250,621)
At 31March 2023 1,922,858 426,324 107,987 385,795 64,070 2,907,034
Net BookValue
At 31March 2023 9,138,163 97,535 32,448 215,706 22,834 9,506,686
At 31March 2022 9,340,283 185,903 56,683 199,639 35,439 9,817,947

13 FIXEDASSET FIXEDASSET INVESTMENTS INVESTMENTS - GROUP AND - GROUP AND
HOSPICE Investment Listed Total
Properties Investments Investments
Market value at 1 April 2022 935,000 3,399,758 4,334,758
Additions
at market value		 1,387,600 1,387,600
Disposals at cost (1,075,458) (1,075,458)
Revaluation 5,000 (150,827) (145,827)
Movement
in		 investment cash (7,717) (7,717)
Group
Market		 value at 31 940,000 3,553,356 4,493,356
March 2023
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 4,493,457
March 2023
Historical cost:
At 31March 2023 516,851 3,598,296 4,115,147
At 31March 2022 516,851 3,517,956 4,034,807
14. DEBTORS Hospice Group
2023 2022 2023 2022
Legacies 1,483,701 1,514,772 1,483,701 1,514,772
Trade debtors 889,742 1,027,240 889,742 1,029,038
Amounts
owed by group		 undertakings 54,232 81,652
Prepayments 8r. accrued income 471,531 640,491 471,531 646,384
Other debtors 87,579 1,459 87,579 1,459
2,986,786 3,265,614 2,932,554 3,191,652

15. CREDITORS: amounts falling due Hospice Group
within
one year		 2023 2022 2023 2022
Trade creditors 308,311 318,752 308,311 325,497
Taxes and social security costs 109,360 27,054 109,360 28,025
Other creditors 87,280 174,923 97,511 174,923
Accruals 53,745 61,395 56,160 75,540
Deferred income 990,945 981,208 990,945 981,208
1,549,641 1,563,332 1,562,287 1,585,193

RESTRICTED INCOME 22/23 RESTRICTED INCOME 22/23 Balance at Movement in funds Balance at
1April 31March
2022 Income Expenditure 2023
In Patient Unit 4,630 (3,417) 1,213
Hospice In the Community 2,090 44,677 (46,283) 484
Therapies &Living Well Service 5,800 (5,000) 800
Patient &Family Support 80,538 (80,538)
Other Restricted Funds 14,757 56,918 (71,675)
Anne Beech Bursary Fund 6,210 6,210
IPU Capital &Improving Patient Care Appeal 26,590 (25,934) 656
Minibus Appeal 11,651 (4,056) 7,595
Seahorse Project 6,389 28,358 (34,747)
Spiritual
Support Appeal		 1,692 (1,692)
Spring Appeal 2023 18,620 18,620
Syringe Driver Appeal 9,332 9,332
2 218 4 343
94,730 255,083 (300,560) 49,253

Prior Year Restricted funds Prior Year Restricted funds Balance at Movement in funds Balance at
1April 31March
2021 Income Expenditure 2022
IPU Capital and Improving Patient Care Appeal 158,615 51,462 (183,487) 26,590
Hospice in the Community 34,358 153,876 (186,144) 2,090
Wellbeing Appeal 36,090 15,730 (20,259) 31,561
Minibus Appeal 41,177 (29,526) 11,651
Spiritual Support Fund 4,477 (2,785) 1,692
Garden Project 13,084 900 (13,984)
Big Lottery Volunteers Project 34,060 77,000 (111,060)
Other Restricted Funds 16,328 113,777 (115,348) 14,757
BBCChildren
in Need Seahorse Project		 9,429 34,327 (37,367) 6,389
Community
Bereavement		 Project 3,629 6,491 (10,120)
COVID-19 Emergency Response Funding 453,998 (453,998)
351247 907561 1 164078 94730

Balance at Movement in funds Balance at
1April 31March
2022 Income Expenditure Gains/(losses) Transfers 2023
Asset Management Reserve 700,000 700,000
Legacy Equalisation Reserve 2,560,177 2,560,177
Strategic Development Reserve 954,412 954,412
Fixed Asset Reserve 9,817,946 (311,260) 9,506,686
Property Revaluation Reserve 185,000 5,000 190,000
Designated
funds		 14,217,535 5,000 (311,260) 13,911,275
General funds 5,465,065 9,435,537 (9,189,924) (150,827) 358,968 5,918,820
Total Unrestricted Funds 19,682,600 9,435,537 (9,189,924) (145,827) 47,708 19,830,095
Restricted Funds 94,730 255,083 (252,852) (47,708) 49,253
Total Reserves 19,777,330 9,690,620 (9,442,776) (145,827) 19,879,348
Balance at 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

20. ANALYSIS OFNKT ASSETSBETWEEN General Designated Restricted
FUNDS Funds Funds Funds Total
Fund balances at 31 March 2023 are represented by:
Tangible Fixed Assets 9,506,686 9,506,686
Fixed Asset Investments 4,493,356 4,493,356
Current Assets 2,987,750 4,404,589 49,253 7,441,593
Creditors: amounts
falling due within one year		 (1,562,287) (1,562,287)
5,918,819 13,911,275 49,253 19,879,348
ANALYSIS OFNKT ASSETSBETWEEN General Designated Restricted
FUNDS —Prior Year Funds Funds Funds Total
Fund balances at31March 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

21. RECONCILIATION
OFNET		 INCOME TO 2023 2022
NET CASH FLOW FROM OPERATING ACTIVITIES
Net income for the reporting
period (as per the
statement offinancial activities) 102,018 869,017
Adjustments
for:
Depreciation
charges		 429,359 421,891
Loss on Disposal ofFixed Assets 20,340
Losses/(Gains)
on investments		 145,827 (253,288)
Dividends,
interest and rent irom		 investments (138,165) (60,763)
(Profit)/loss
on the sale offixed assets		 (170)
Decrease/(increase)
in stocks		 1,918 2,781
Decrease/(increase)
in debtors		 259,098 530,592
Increase/(decrease)
in creditors		 (22,908) 8,486
Changes
in assets held for resale
Net cash provided
by operating		 activities 797,487 1,458,545
22. OPERATING LEASESCOMMITMENTS 2023 2022
Group Leases:
Within one year 14,026 5,169
Within two to five years 40,629
54,655 5,169
Charity Leases:
Within one year 14,026 5,169
Within two to five years 40,629
54,655 5,169

Unrestricted Restricted Total Total
Funds Funds 2022 2021
INCOME FROM:
Donations
and legacies		 4,220,215 453,563 4,673,778 5,543,781
Charitable
activities
Statutory
funding
and grants		 2,212,651 453,998 2,666,649 4,197,697
Other trading activities
Income from trading 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		 940,462 15,736 956,198 959,275
Trading costs ofgoods sold and
o
er costs		 968,999 968,999 877,390
Charitable
activities
In Patient 2,854,793 723,426 3,578,219 3,931,650
Therapies 259,108 78,659 337,767 575,564
Community
Nursing		 1,850,216 257,561 2,107,777 1,717,095
Patient &Family Support 266,916 88,696 355,612
Total expenditure 7,140,494 1,164,078 8,304,572 8,060,974
Net gains/(losses)
on investments		 253,288 253,288
Net income/(expenditure) 1,125,534 (256,517) 869,017 2,651,349
Gross transfers between funds
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 19,682,600 94,730 19,777,330 18,908,313