REGISTERED COMPANY NUMBER: 1627610 {En8land and Wales) REGISTERED CHARITY NUMBER.. 284701 Report of the Trustees and riftancial Statements For The Year Ended 31 Marth 2022 for Salnt Catherine's Hospicè Trust Ingham & Co. Chartered Accountants Statutory Auditor George Stanley House 2 West Paiade Road Scarborough North Yorkshi Y012 SED 'AbBYACJ5* 0610912022 COMPANIES HOUSE
Saint Catherine's HospKe Trurt Contents of the financial Statements For The Year Ended 31 March 2022 Pa8e Report ol the Trustees 11012 Report of the Independent AudTrtors 13tolS Consolidated Statement of Financial ActNities 16 Balance Sheets 17 ConsolSdated Cash Flow Statemeni 18 Notes to the Flnancial Statements 19to32
Saint Catherine's Hospice Trnst Report of the Tfustees for the year ended 31 March 2022 The trustees who are also directors of the charity for the purp05e5 of the Companie5 Att 2006. present thelr report with the consolidaied financlal statements of the chartty and rts subsidiaries for the year ended 31 March 2022, which are also prepared to meet the requirements for a group direttorfs report and accounts for Companies Act purposes. The trustees have adopted the provi5ion5 of A¢couniin8 artd Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Finanaal Reportin8 Standard applicable In the UK and Republic of Ireland IFRS 1021 leffertive l January 20191. oBJEIVEs AND AcfivmES Purpose and actItIeS The primary object of the Trust is to promote the relief of slckness. particularly for patients in need of speciallst palliative and end of life care and those with a tefmin31 illness. and the 5UPPOrt of thetr families and ¢arers. The Trust meets this objective through its promotion and provision, where appropriate, of holistic care for patients with terminal illness who are in need of Specialist palliative and end of life care. The Hospice provides a consultant led specialist palliative and end of life care servlce to all those with a terminal illness re8ardle55 of diagn0515. The HOSPI Serves a 1600 square mile area with both in-patient and day Hospi facilities in ScarboroU8h and a ran8e of ¢omrnunity services. Scarborough bo5ed.. Purpose-built Hospice opened in 1985, moving to its current site in 2004 providlng specialist care beds in sln8le en- 5Ulte in-patient rooms. Our Wellbeing Centre allows patients to access the following Se.. Assessment. rehabilitation and enablement 8ym run by physiotherapists. Lymphoedema ¢lini¢ offering assessment. bandagin& teachirvd and ma55aBe three times a week. Specialist Palliative Care Consultant outpatient Clinics. Specialist Neurolo8y and Multi-OiKiplinary Team dinics. ComplÈmÈntary Therapy consultations and clinics. Specialist Palliative Care Social Work serS. Occupational Therapy Service. Carers Support ind Education Courses. Breathless management education programme. Tal Chi for patients and carers. Bereavement Support Service for both children and adulis servin8 those wlth a connection to Saint Catherine's. Pastoral Care. Specialist Palliative Care Coun5elling. Out of hours Palcall telephone support Servi for patients, carer5 and oiher healthcare professlonals. Education centre providing a range of specialist courses for healthcare professionals. Student placement and mentoring programme. Nurse led bed5 providin8 end of life care for patients in Scarborou8h hospital who had been identified as in the last seven days of life. Page I
Saint Catherine's H05pice Trust Report of the Trustees for the year ended 31 Mar¢h 2022 OBJECTIVES AND ACTivmES Puwise and xtivities Community bosed.. We continued to prowde Wellbein8 Centre prowsion at our main site for patients across our whole &eographi¢al area. Domiciliary based Community Specialist Palliative Gire provided by our Clinical Nurse Specialists. Community consultant access through domiciliary ¥i5its or clinits. Consultant clinic to Bridlin8ton patients. Consultant clinics at Scarborough Hospital. Domiciliary Occupational Therapy. physÈotherapy and social work visits. Domiciliary eereavement Support Visits. Consultant support to other healthcare professionals. Hospice at Home Ser¥ice in partnership with Marie Curie for Scarborough and Filey as part of the Integrated Palliative Care Services. This service ceased at 1st April 2022 and is being replaced with the new Fast Track Home Care service which started 2nd Mav 2022. Fast Track Home Care Service providing packages of Care in a patients home. The main objectives for the year were to ensure our services continued to operate during the ongoing Covid-19 pandemic to support our patients, their families and carers. and to continue the development of our work with the clinical commissioning groups supportirvd the development of integrated healthcare and new ways of working, particularly in the community. The Integrated Palliative Care Seryices have been reviewed throughout 2021-22 and during this time the Care Homes Support Team has ceased operating. As mentioned the Hospice ai Home service continued through 2021-22 and ceased operatin8 on 31st March 2022. At ihis point our partnership with Marie Curie ended and we would express our gratitude to Marie Curie for theii partnership over the last 7 years. The North Yorkshire CommissTroning Group agreed to continue to fund these services until 315t March 2022. The services remained an important part of lo¢¥1 provi5i0n in 2021_2022. The Cornmi$5ioners reviewe(I their comrnunity service provision across North Yorkshire in 2021-22 and with the ¢essation of the Hospice at Home service. Saint Catherine's have been contrèrted to deliver a new Fast Track Home Care semee from 2nd May 2022. Publlc Benefit The Board of Trustees are satisfied that they have ¢omplied with the (luty in Section 17151 of the Charsties Act 2011 to have regard to the Charity Comrnis5ion guidance on public benefit in the provision of its activities. A review of the significant activities undertaken by the tharity during the year to further its chafltable purposes for the publi¢ benefit is detailed below. Volunteews The H05pice relies heavily on the support of volunteers and currently has around 400 volunteers acro55 all our services, in our shops. helping out with fundraising and in our busine55 5UPPOrt services. The 8oard are incredibfy grateful to all those who volunteer time for their commitment to the Hospice and would like to express their gratitude and tharsks to all our Volunteers. Volunteers remaln a vital resource for Saint Catherine'5 helping to support ¢)uf fundraising and shops throughout 2021-2022. Page 2
Salnt Catherlne's Ilospke Trust Report of the Truslee5 for the 31 ended 31 March 2022 STRATEGIC REPORT Achievements and performance Churltoble octivities The Hospice's Strategic Intent was updated in 2021 and the new Strategic Intent 2021-2024 provides a clear focus for the ongoing development of Saint Catherine's over the coming vears. The six intentions focus on.. Clinical Excellence, Empowered People. Innovation and Improvement. Systems and Processes. Finanual Sustainability and Reputation. The Hospice5' set of values and behaviours are how we will deliver our Strate8i£ Intent and these are based around.. People Cenired. Teamwork, Integrity and Quality & Excellen. Our Strategrc Intent supported and informed the Hospice's response to the cod-19 pandemi¢ adapting to the changing srtuation in an ogile and flexible way, and continues io support our ongoing response to Imng with CO-19. Technology continues to be. a slgnificant part of the thanges 10 services and sUPPOrt for our patients, families and carers. The Hospice continues to Tewew the delivery and development of all its servi5 in light of the changes in the local health antl social eeonomies, seeking to respond to local plans and objective5. During 2021-2022 our services tontinued to be affected by Covid-19. However, we have been able to Slowly develop new way5 of delivering Care and support through our Wellbeing Centre for our patients and families. Over all our service5 we received 2,413 referrals to provide care and support. We had 210 admissions to the In-Patient Unit with 24 being admissions from Scarboiough Hospital to a Nurse Led Bed. Our Palliative Care Counselling Team made 912 contacts to support clients, and the Hosplce at Home team made 5.964 visi15 to patients in their own homes and an addilional 1.638 ¢onta¢ts. Our Communlty Palliative Care Cllnical Nurse Specialists, including our neurolo teom. received 805 rerra1$ which resultÈd in 6.863 contacts. Our Therapie5 Team in total had 2.261 contacts wilh patients. and our Social Work team support resulted in 1,375 contacts over the year. Additionally, we received 623 ca115 to our out of hours telephone support line in the year. We will continue to grow these offerings in 2022-23. We continued to work with our commissioners, North Yorkshire ainical Commissioning Group, io develop and continually improve our services during 2021-22. We agreed that the Care Homes Support service would stop during the year due to other local 5UPPOrt and provision for care homes. Additionally. commissioners are aimin8 for equity of serviees across North Yorkshire arKI so our H05pice at Home servicè ènded on 31st March 2022. In its placè the commissioners asked Saint Catherine's to deliver a Fast Track Home Care SeThI deliverlng packages of care to patients cros5 our whole Scarborough. Ryedale, and Whitby area. This is being rolled out from 2nd May 2022. Feedbock on ourchorltoble octivities.. The Hospice was insperted by the Carè Quality Commission in September 2021, who are the body who regulate and inspect our services. The Hosplce was awarded an overall rating of 'GoDd'. The fine key Ilnes of enqulry the CQC inspection followed were-. Is thè Service safe?. we were rated a5'Good' Is the service ÈffectivÈ? we were rated a5'Good' Is the sery1 caring? we were rated as'Good' Is the Servi responsNe?_ we were rated as'outstanding, Is the Service well-led?- we were rated as'Good' The Hospice continues to play a role in the widèr healthcare agenda engagn8 Wtth commi5sloners and ltscal healthcare forums in North Yorkshire and East Riding of Yorkshire. ainical Commi$5ioning Group areas. The Executlve Team Continues to en8aBe with all the l¢xal Commissioners and with the wider healthcare developments. We are working in collaboration with other hospices across Humber and North yorkshi Health and Care Partnership. Members of the Executive Team also engage with other regional and national bodies. Page 3
Saint Catherine's Hospice Trust Report of the Trustees for the year ended 31 March 2022 STRATEGIC REPORT hievemenis and perf0mn¢t Feedbuck on ourchoritoble octivities- continued The Hospice has continued to deliver high quality Care and seN¢e to our patients, families and dients. The Hospice receives feedback from patients. carers and professiona15 and through 2021-22 we were told.. Patients and clients have said.. "l Cannot speak too highly of the care and help that I have receNed from Lindsey at the Lymphoederna Clinic at Saint Catherine's. She has taU8ht me how to manage my lymphoedema in the best way possible for me and l am so much improved since attendine the dinic. The other staff are all love too and there is such a comforting atmosphere at Saint Catherine's. l am so grateful for the care that I have re1Ved there.. -1 was rnade to feel really relaxed and welcomè. Advice and support all being available in one place is very helpful. I was part of a group with similar experiences.- -1 really don't know how you could improve the ure at Saint Catherine's. All staff are amazing and $0 compassionate.. "You did everything well. there wès nothing that could be better. It was nice to see you and be able to talk. Everyone is so nice." Carers have said= e just wanted to send our thanks for the wonderful care you gave our grandad. He was such a thatty and sociable person and it was lovely to see the kindness you showed towards him. We cannot thank you ènou8h for everything you did for hirn. in particular. allowing him to watch the sunrise. He realty loved thatl. e will never forget your thoughtfu1r always. You were all and are like these beautiful little swifts, flying in and out so efficient and caring. A great big thank you with all our love." "Everyone treated my husband with di8nity and respect throughout 5UPPOrting and encouraging him as he needeiilwartted. You were there with sUPPOrt for his tsmily. You made the experience calrn. not sad. We truly couldn't have asked for anything more.- hank you all w much for your wonderful compassion and Ca for my husband and me. It was a rough few month5 and it was great knowing you were there, day or night. Keep on being awesome.- Professionals have said.. 'My experience at Saint Catherine's Hospice has been incredible. I think comin8 in as a student was extremelv daunting. but both the social work team and wider tearn made me feel super comfortable. I have had both high and low points whit5t being heie, but both have hugely improved my confidence and practice. It has beèn such a pleasure to be a part of the social work team and seeing what we ¢an do for patients and family, but also what thev do for us. l am very sad to be leawng 5uth wonderful staff members and patients. but I know they're in very 8ood handsl Thank you Saint Catherine's for showing me how people Cart really pull together to make a difference." Social Work Student. 'Please could I pass on my thanks to You aftd your colleague this morning for excellent work supportin8 this lady and her family in the last moments of her life. They were very appreciative, a5 was I, to know you'd given such compassionate and considerate care.. Income gefteroiton The Trustees evaluate the effectlveness of all income 8eneration activities with reference to planned income and the overall Income Generation and Marketing strategy through both the Finance and Income Generation Committee and the Board meetings. The Fundraising and Marketing Director and Chief Executive provide reports to the respective Cornmittee and Board to report financial income. Monthly Management Accounts report actual results against budget an(J are provided to Trustee5 quafterty. Page 4
Saint Catherlne's Hospke Trnsl Report ol the Trustees for the year ended 31 Marth 2022 STRATEGIC REPORT Achievements and performan¢e Income generatn- contffnued The Hospice recognises the crucial importance of all its Income Generation a¢tivitÉes. With the challenges faced as result of the Covid-19 pandemic the Hospice has adapted its approach to income generation in a range of ways, making use of digital technology. The Hospice Continued to work with local ainKal Commissionlng Groups to gain contract and 8rant funding contribution5 towards the cost of all the clinical seNces. The H05pice corttinues to revlew the performance of all of its income generation activities and areas where effiuenoes can be made in delivering our care and support service5. The Hospice is alway5 incredibly 8rateful to all its SUPPOrters and donors and reco8ni5es the challenges faced by many charities in the corttinuing e¢onomi¢ climate. Impoct of Covid-19.' The TrusteÈs would like to express their Since thanks and gratitude to all members of staff who have displayed incredible dedication to continue io provide care and support to our patients. carers and families throughout the past two years of the pandemic. Their continued dedication and hard work over the last year enabled the Hospice to care for and support people in the Hospice and the community. The H05pice has recovered and 51renwhened its financial position in 2021-22 due to the signifficant dedication and ¢omrnitment of our supporters and donors. and with additional sUPPOrt from Government. This is enablin8 Saint Catherine'5 to reinvest into services and rncornè Beneraiion in 2022-23 and to continue to grow sèrvices for all our paiients, thwr families, and carers. Durin8 2021-22 the H05pice continued to deliver rts Servi and re-opened the Wellbeing Centre. The Hospice continue5 to react in a flexible and agile wav to living with Covid-19. The Hospi continues to maintairt enough PPE to cope with the ongoing 'waves' of Cowd-19 infections. From January 2022 the Hospi has seen an inuease in staff sicknes5 due to the relaxation of external re5trirtions and relaxation of guidan but this has not impacted on patient care and support. Fundrorsing ondcomplffon¢e The Hospice is re815tered with the Fundraising Regulator and continues to review the legal requirements and best practice guidance for all income generation activitie5, to ensure all prartices and ethics meet the requifed standards and vulnerable persons and other members of the public are protected. The Trustees receive regular update5 on any matters of concern at the Income and Finance Committee. The Hospice delivers its own fvndraising actItieS directly and also has volunteer5 and 5UPPOrters who fundraise on our behalf. Our fLtndraising team provide guidance and 5UPPOrt to assist staff. volunteers and supporters in thelr fundraising activities. The H05pice adhered to all Government 8uidance and regulations in relation to Cowd-19 and adapted fundraising initialive5 and activitie5 accordingly in 2021-22. There were 5 formal complaints receNed during the year in respect of our fvndraising artivities. These were all resolved and responses provided enabling all complaints to be closed. The H05pice does noi undertake any Cold11 canvassing for the Lottery and no other cold-call approach is undertaken in any income generation activTrty. The Hospice does not use any professional fund-raisers in respect of any income generation activity. Saint Catherine's Hospice Lottery Limited utilises the sem$ of an exlernal lottery manager to manage and promote our weekly lottery draw. The lottery manager, Sterling Lotteries. is licenced and regulated by the Gambling Commission as a Non-Remote and Remote External Lotterv Provider. The Hospice continuously improved its information governance and security and contrnued to athieve the required siandards for the Data Security and Protettion toolkit I"DSP"l in 2021-22, as required by the NHS and the CQC. The Hospice mainiains an attitude of conttnuous improvement in regard to it5 inforrnation governance and security and to ensure it maintains the required level of the OSP. Pa8e 5
Salnt Catherine's Hospice Trusl Report of the Trustees fN the year ènded 31 Marth 2022 STRATEGIC REPORT Achlevements and performance Investmentperformonce The Charity has an agreed investment pdicy with its investment rnanagers based on the requirements from the portfolio,. to prowde a high level of income and a capital buffer in case of a shortfall in funding-intome. to accommodate the level of risk the Trustees a prepared io accept- to take account of the timescale over which the investments are expected to be held. Based on the consideration of these fadors the investment benchmark agreed for the portfolio with the investment managers is: 36% FTSE All Share.. 36% FTSE World Excl. UK. 13% FTA British Government Fixed All Stocks,. 9% 8ank of England Base Rate 1+2%): 5% IPD Monthly- and 1% Bank of England Base Rate 1-0.5%>. This represents a straie8lC 35set allo¢ation of.. a target of 72% Irange 45-75%) in Equities with a S0150 split between UK and Overseas , target of 13% Irange 10-35%) in Fixed Interest,. target of 9%12.5-20%1 in Infrastructure: target of 5%1 12.SY.l in Property. and a target 1% 10-20%) in Cash. This allocatbon maintains the Hospice's S-10 year horiion of medium to long-term investment with a Medium risk profrle and Balanced investment objective. The Trustees understand that over the long term this agreed forrnat will allow the capital value of the portfolio to be at least retained in real terms and will generate a good level of income to support the hospice. The Trustees also understand ihai investments do not rnove in a linear fashion and there will be individual years, and periods perhaps in excess of a year. when the portfolio value rnay fall. However they a150 understand that. based on historical returns, equity investment is ne¢essary if the value of both the capitsl value of the fund and income is to maintain its purchasing power when compared with inflation. Saint Catherine's year to 31st March 2022 saw the Hospicds portfolio flurtuated due to the unprecedented events in Ukraine. At 1st April 2021 the year the portfolio was valued at £2.409m, increasing to £3.806m at 315t December 2021 reflertlng further transfer of funds into our investments and market gains. However, due to the war in Ukraine the portfolio was valued at £3.557m at 31st March 2022. The portfolio continues to be managed for long term growth in both its capital value and the level of income it can 8enerate. For 2022 the portfolio's lolal return was +5.67% compared to the benchmark's +9.87%. the three year cumulative reiurn show5 +18.5% wnpared io the ben¢hmarVs +16.2%. In 2021-22 the Hospice received £99.405 Income from its investment portfolio. The outlook in 2022-23 is cautious In the short-term with headline consumer price inflation expetted to move even higher with further Bank of England increases in base rates. The markets will have to Contend with the end of quantitative easing and, potentially, the be8innin8 of quantitative rightening. The risk of weaker economic actlvity. lower corporate earnlngs growih and more restricttve monetary policy is an unhealthy combination, hen the shori- term caution. However, despite the increased volatility. equities remain the most attractive asset class for generatinB long-term returns. Appreciotion The Board again expresses it5 appreciation of all who work so generously for Saint Catherine's, senior manaEement. professional staff and volunteer5. Their united efforts make possible the delivery of care to our patients at ihe hi2hest level of quality and the continuing outreach of knowledge and expertlse in palliative care to the wider constituency. Finoncialposition The overall operating surplus for the restricted and unrestriaed fund, as detailed in the financial Statements described as"Net income" was £1.244,02012021. £1,843,980). A breakdown of the income and expenditure ol the Charity and its sub5idi3ries is given in the Consolidated Statement of Financial ACtit5 and associated notes. At 31 March 2022 the Group had Net Current Assets of E3.049.677 12021 - £2.803,3921 and overall Net Assets of £11.408,27912021- £10.164,2591. The Group's unrestricted funds totalled £11,263,02812021- £10.049.8561 and were represented by tangible fixed assets of £4.721,40212021- £4,871,624). investments of £3.637.20012021- £2.489.2431 and unrestricted net current ossets of £2.904.42612021- £2.688.9891. The Gioup's restricted funds totalled £145,25112021- £114.4031 and were represented by net current assets. Page 6
Salnt Catherlne's Hosplce Trust Report of the Trustees lorthe year ended 31 Marth 2022 STRATEGIC REPORT Achievement5 and perf0mfice Flnanclal wiew PrincipolFunding Sources The Charity's principal funding sources are shown in the Consolidated Statement of Financial Activities on page 16 of the finan¢tal statements. The main funding sources for the Hospice in 2021-22 continue to be legacies. voluntary donations, lottery and contract income from Clinical Commissioning Groups. Despite the ongoing Covid pandemic in 2021-22 the retail shops 518fbificanily recovered, almost reaching pre-pandemic levels. With a creative approach to fundralsing activities during 2021-22 the Hospice also saw the income from fundraising actmties and sponsorship recover well. There was some èdditional Government funding through grants at the end of 2021 and the earsy part of 2022, which has also formed a large part of the Hospice intorne for the year. The Trusteès antieipate the impact of the pandemic will continue to affect income generation in the coming year. along with the current economic crisis, the war In Ukraine and the UK political 51tuation, and will continually monitor the situation throu8h re8u13r financial reportin8 and reew. The Tfustees undertake financial modellin8 to continve to review actions required. The delivery of the Board's 5trateglc Intent continues to include the focus on continuous improvement io ensure the efficient and effective use of all our resources for the benefit of our patients, familie5 and carers. Investment policy und objectives The articles of assoaation authorise the Trustees to make and hold investments using the general funds of the charity. The 8oard engages appropriate professional adwce in the choice and movement of investments. With the approval of the Charity Cornmi55ion, the Board continue5 to dele8ate responsibility for the investment portfolio management to Investe¢. The Board reviewed the "Statemènt of Investment Principles. produced in accordance wlth the Trustee Art 2000, and a8reed to rnaintain this as the Organisation's 5t•terneni. The maift investment policy objective5 were armed at maintainin8 Capital value whilst meeting a target Income figure as a minimum but also aim to build reseTres if posstrble. The Hospice £ontinues with its ethical policy of not investin8 in any tobacco related equitie5. Reserves pol The reserves policy is moniiored and reviewed annually by the Finance and Income Committee and the Board of Trustees. The policy on reserves was reviewed arml the Trustees agreed to stsy with the formula of trying to build free reserve levels back to one year's runnin8 Costs after takin8 into accouni guaranteed income. whils1 at the same time lookin8 to fund organisational development. The Tfustees recognise the Importan of using free reserves to help ensure continuity in the event of any large vartation In income, any ernergency financial demands, bridge any cash flow problems. pay for any future projects and to help generate income. The cvrrent level of free reserves allows the Trustees to cover these potential demands. The Hospi arrrently has free reserves 01 £6,541,626, which equates to 13 months running costs for 2022-23. Going concern The charitable cornpany relies upon funding from voluntary donaiions. legacies and funding from clinical commissioning groups. which all contairt a degree of uncertainty. Reco8nisin8 the on8oing impact of the pandemic. the current economic crisis, the war in Ukraine and the UK political srtuation. as well as the recovery of income from Shops and fundraising activities, along with the continued Commissioner and community 5UPPOrt. and the current le1 of free reserves at the year end of 2021-22, the Trustees consider that the charitable company has sufficient resources to contlnue in existence for the foreseeable fvture. Page 7
Saint Catherine's Hospio frn Report ol the Trustees for the yeaf ended 31 Marth 2022 STRATEGIC REPORT Prfndpal rlsks and uncertalnti*s The Trustees consider that the principal risks and uncertaintie5 faced by the charitable company and 115 sub5idiaiies are as follows.. the Hospice's reliance on the Benerosity of the local commurttty in provKlin8 donations. fundrai5in8 support and income and legacies. the pandemic. current economic crisis. war in Ukraine at)d the UK politiol situation. the recruitment and retention of nursing staff and medical professionals in the current healthcare environment. the maintenance of Government funding for hospices for the lon8-ierffl and the change to Integrated Cafe Boards from 1st July 2022. the ongoinB recovery for our shop5 income in 2022-23. the recruitment and retention of support Staff in the current economic dimate. the ongoin8 impact of the PPE requirements and the financial costs. Plans for future periods The Board Strategic Intent for 2021-2024 w35 3gree(l in November 2021, and our main objectives will remain as.. l. Maintain Saint Catherine's Care Quality Commission rating as 'Good' or 'Outstanding' by safely dèlivering to patients, carers. and families an appropriate range and quality of integrated core services. which are structured to provide easily accessible, responsive, and %al3ble holistic per50n<entred care. 2. Deliver Saint Catherine's care and support throu8h an inie8rated employee and volunteer Workforce of empowered people. Attfaet and retain people by offering attrauive salary and benefits. which intludes developing and investing in people throu8h ongoin8 trainin8 and education. Offer a Variety of high quality and flexibility opportunities for volunteers which demonstrates the unique value and potential for our volunteer role. 3. Maintain Saint Catherine'5 Speoalist Palliative and ErKI of Life Care focus. which is underpinned by a culture of learnrn8 and continuous improvement. together with a stron8 research capability. Use the outcomes of applicable research and external best prartice to support continuous improvement, innovation and development of the core services provided to patients. carers, and families. 4. Utilise and develop information technology and electronic records and systems throughout Saint Catherine's to always ensure regulatory compliance, ensure good quality and robust data management. and maximlse the effitient and effective use of all resources. S. Maintain a sustainable level of total expenditure for Saint Catherine's. which is at least 2% tess than our tot31 income. through a culture of continuous improvement and with effe¢ti¥e and effi¢ient use of resources across all departments. 6. Ensure Saint Catherine's maintains a wsible profile and a highly respected reputation in all the local communities for whom we deliver care and support. We continue to work towards demonstrating the impact of the work we do and evaluating the Integrated Palliative Care Services. The Board of Trustees in conjunction with members of the Board Commlttees and the Executlve Team will ensure the delivery of the Board Strategic lfttent 2021-2024. Fundamentally. the 8oard continuously improves servTrces to ensure the Hospi¢e is 'fit for the future. and remains on a solid and secure firtancial foundation and this will iemain the priority in 2022-2023. Page 8
Salnt Catherlne's Hospice Trust Report of the Trustees for the year ended 31 March 2022 STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The Trust is a company without share capital. 8overned by its rnemorandum and artlcles of assoaation. Incorporated on 7 Apdl 1982. Recrultment and appolntrnent of new trustees The appointment and election of Trustees ale governed by the artides of association. Under those articles one thlrd of the Trustees are subjett to retirement at each annual general meetin8 and are eligible for re*le¢tion. This year Margaret Middlebrook and John Stevenson were relette¢l to the Board. 5ifflon Ward retlre(l as a Trustee and Saint Catherine's thanked Simon for his long semce and dedication to the Hospice and for his leadership during one of the m05t challenging periods in saint Caiherine's history. New Trustees are eligible for election by recommendation of the existing Trustees or by written notice from a member. Each Trustee serves on at least one sub committee and the Chalfman Is an ex officio member of all sub commlltee& Organlsatlonal strurture TP>e or8anisational structure Df the Trust is made up of an Executive Committee. known as the Board of Trustee5, of up io fifteen Yrustees who are recruiied from the wider body of members of the Trust which currently number 32. Board Mernber5 are nominated by at least two other mernbers of the Board and will be invited to Slt on one or more of the Hospice's Board Committees. All Board members are dected for a period of three years after which time they can put their name forward for re-election at the AGM rf they 50 wish. The total number of years that a Trustee can normally serve is nine years. Saint Catherine's H05pice Trust has two wholly owned trading subsidiarie5. Scarborough H05pice Sales Limited and Saint Catherine's Hospice Lottery kn'mited, both incorporated In England and Wales. The directors of the sub5idiarie5 are also Trustees of the charity. De¢lslon mJkln8 The Board of Trustees, which is attended by the Board members and the Chief Executive, ainical Services D1ctOr, Medi¢al Dire¢tor and Fundrai5in8 and Marketln8 Director. meets four times a year and receives reports from the three Committees. The Board governance stnJcture maintains three Committees bein8 the Finance and Incorne Generation Committee, Governan¢e and Compliance Committee and the People and Resources Cornmitteè. Eath Committee meets four times a year and are attended by at least two Board members. co-opted members and relevant senior rnanagement. The Governance and Compliance Committee is responsible for all Hospice governance and audit matters including clinical governance. information governance. and health & safety governance. which they report to BoaTd. The Finance and Income Committee is responsible for financial and investment aspects of governance. the annual financial audit, along Wlth Income generation performance, which they report to the Board. The People and Rewurce5 Committèe is responsiblè for all le8al and 8overnan¢e matter5 relatirbg to our people and the material resources of the Hospice. Indu¢iion and tralnlne of new trUte$ A Role Description and Person Specification for the role of Trustee has been drawn up and all Trustee5 are required to si@n up to a Trustee code of conduct. an eligibility statement declaring they are a fit and proper person to undertake the role of a trustee and a separate confidentiality statement. Additionally. Trustees are DBS checked and checks are made at Companies House to ensure Trustees are not di5qualrfied as being Directors. New Trustees will be invited to spend a day at the H05pice to see all the facilities and meet staff and will be prowded with guidance on the roles and responsibilities of H05pice TrLtstee5 using guidan produced nationally by HospiceLIK and the Charity Commission. In addition to Commitiees and 8oard meeting5 the frustees lake part in an annual away day with senior staff and are invited to attend other information events such as the volunteers forurn. The Board also undertake regular Announced Visits and these will be restarted in 2022-23 foll¢)w4n8 a suspension of these durin8 the Covid-19 pandemic over the last 2 vear5. Page 9
Sainl Catherine's 110spi¢e Trust Report ofthe Trustees forlhe year ended 31 Marth 2022 STRUCWRE, GOVERNANCE AND MAPIAGEMENT Senlor management remuneratiom The remuneration of the senior management team is reWed as required by the 8oard of Trustees in line with staff pay reviews. Relationships The Hospi continues to encourage its senior personnel to participate in the a¢ti¥ities of the various professional organisations available to them. Each of the multi-dis¢iplinary functions meet5 Wlth it5 peers in other Hospices across Yorkshire and the Humber. which includes CEO Forums and the Executive C14niol Leads in Hospice and Palliative Care Forum. The woik of the Palliative and End of Lrfe Care Clinical Nets¥orK Hospi¢eUK and the Forum of Hosplce ch3irper50n5 at both regional and national level. is supported. As part of the engagement response io the imeMentatiOn of Integrated Care Boards from 1st July 2022, Saint Githerine's engaged with a new initiatNe for the 7 hospices acro the Humber and North Yorkshire Health and Care Partnership. This collaboration has been esiablishe(I with 8 Memorandum of Understanding and we 8nticlpate this facilitating engaÉement with the new healihcare structures and comrni55ioning frameworks. Regular contact and liaison is rnaintained both with the purchasers and fellow Providers of health care in the region covered by the Hospice, and we rernain committed to a policy of collaboration. cooperation, and parinership. Related partles None of the Trustees re1Ve remuneration or any other benefit from the charity. The Trustees are required to submit annual related party forms to the charity detailing their family connections and external business interests. The Charity's wholly owned subsidiaries. Scarborough HospKe Sales Lirnited and Saint Catherine's Hospice Lottery Limlted trade on behalf of the charity. The results of the individual subsidiaries afe detailed in notè 13 to the financial Statements. The financial statements ¢onsolidate the results of the charitable company and both subsidiaries. Rlsk management The Trustees acknowledge their responsibility in idèntifying major risks to whi¢h the Hospice may be exposed and have a formal process of risk management. An updated Risk Management Policy has been approved and a mechanism for regular annual review detailed. The Board Risk Registei is reviewed quarterly at each Board meetin8. The major iisks to which the charity is exposed. a5 ideniified by the Trustees, have been reviewed through the day to day Executive Team activities. and systems have been established to mitigate those risks. The risk identification process for non financial risk is undertaken initially by the Chief Executive in conjunction with the professional managers of the Executive Team. As areas of risk are identtfied. they are rewewed initially by the Executive Tearn, and may then be referred to either a Trustee Committee for consideratron. or direct to a Board Meètin8. A decision on appropriate action or implementation of a system will then be made by Trustees. In re5pert of financial risk. the trustees identify major risk through consideration at the Finance and Income Committee and this is then fed in to the 8oard which is attended by trustees who tnclude 59me who are either professionally qualified in finance or experienced in handling financial matters as part of their professions. Security of IT services has been confrrmed by the suc$Sful completion of NHS Data and Security Prevention Toolkit. The Board and senlor management regular review the organisations safeguardin& health, safety and risk management policles. procedures. systems and PToce55es. In Novèmber 2021 the Board appointed Dougy Lumb as the Trustee Safeguarding Lead for Saint Catherine's. Page 10
Salnt Catherine'5 Hospke Twst Report of the Trustees for the yearended 31 March 2022 REFERENCE AND ADMINISTrATIVE DETAILS Reglstered Company number 1627610 (England and Wales) R•glstered Charlty number 284701 Reglstered office Throxenby Lane Scarborough North Yorkshire Y012 SRE Trustees M Middlebiook Ichairl J Steven50n (Depuly Chairl 5 8uTnett M Chell L Holbrook O Lumb Sjmudd S StaDdard-Sheader O Westmoreland - resigned 24 May 2022 - appointed 23 May 2022 Company Se¢retary M G Wilkerson Executlve Team M G Wilkerson Ichief Executive) T Calcraft M Muir S Callin Audltors Ingham & Co. Chartered Accountants Statutory Auditor George Stanley House 2 West Parade Road Scarborough North Yorkshire Y012 SED Bankers HSBC Bank PLC 33 St Nicholas Street Scarborough YOII 2HN Sollcltors Thorpe & Co. 3 BaBdale Whiiby Y021 IQL Page 11
Salnt Catherlne's Trwilce Trust Report ol the Trustees for the year endèd ai Marth 2022 REFERENCE AND AOMINisfRATIVE DEfAILS Investment advi5er5 Investec 2 Gresham Street London EC2V 7QN STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Saint Catherine's H05pice frust for the purposes of tornpany lawl are responsible for preparin8 the Report of the Trustees and the financial Statements in accordance with applicable law and United Kingdom Accounting Standard5 (United Kingdom GeneralW Accepted Actt+untin8 Practi¢el. Cornpany law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the State of affairs of the charitable company and of the incorning resources and application of resour¢es, including the income and expenditure. of the charilable company for that period. In preparin8 those financial statements, the tru5tee5 are required to select suitable accounting policies and then apply them Consistentty: observe the method5 and prinaples in the Charity SORP- make judgemènts and estimates ihat are 8$Ortable and prudent- State whether applicable accounting standards have been followed. subject to any material departures disd05ed and explained in the financial Statements,. prepare the finan¢ial statements on the 8oin8 concem basis unless it is inappropriate to presume that the charitable company will coniinue in business. The trustees are responsible for keeping proper accountin8 records which dixlose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2th)6. They are also responsible for safeguaiding the assets of the tharitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: there is no relevant audit infomlation of which the tharitable ¢ompany'5 auditors are unaware- and the tTustee5 have taken all 5tep5 that they ought to have taken to make themselves aware of any relevant audlt infomation and to establish thai the audrtors are aware of that infomiation. AVDtroRS The auditors, In8hJm & Co., will be proposed for re-app(Hntment at the forthcoming Annual General Meeting. The Report of the trustee5, which irKorporates a strategic report. was approved by order of the board of trustees, as the company directors, on 22 August 2022 and signed on the board's behalf bv: M Middlebrook Chairman of Trustees Page 12
Report ol the Independent AudStoYs io the Members of Saint Catherlne's Hosplce Trn5t Oplnlon We have audited the financial statements of Saint Catherine's Hospice Trust Ithe 'charitable parent companVI and its subsidiarle5 {the 'group'l for the year ended 31 March 2022 which comprise the consolidated Statement ol Financial Activitie5, the con501idated and th3ritable parent Company Balance Sheets. the consolidated Cash Flow Statement and notes to the financial statements. including a surnmary of significant accounting policies. The finandal reportine framework that has been applied in thwr preparaiion is applicable law and United Kingdom Accounting Standard5, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kin8dom Generally Accepted Accounting Practice). In our opinlon the flnandal ststements". give a true and fair wew of the state of the group and charitable parent company's affairs as at 31 March 2022 and of its incomirvd resources and application of resour$. includlng its income and expenditure, for the year then ended.. have been properly prepared in accordance with United Kingdom Generalfy A¢¢epted Accountin8 Practice. and have been prepared in accordance with the requirements of the Companies Act 2(. Bas15 for oplnlon We conducted our audit in accordance with Intemational Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibiltIeS under those standards are further de%ribe(I kn the Auditors rèsponsibilities fof the audit of the financial staiements section of our report. We are independent of the charitable group and charitable parent company in ccordance with thè ethital requirements that are rèlevant to our audtt of the financial statements In the UK, induding the FAC'S Ethical Standard. and we have fulfilled our other hical Te5ponsibilitie5 in accordance with these requirements. We believe that the audit evidence we have obtained ts sufficient and appropriate to provide a basis for our opinion. Conduslons relatSng to go5ng concern We have nothing to report in respect of the following matters in relation to which the ISAS IUKI require us to report to vou where.. the trustees. use of the going concem basis of accountiryd in the preparation of the financial 5tatemeAts is not appropriate; or the trustees have noi disclosed in the fin8n¢ial statements any identbfied material uncertainties that may cast significant doubt about the ¢haritable 8roup's ability to continue to adopt the going concem basis of accountin8 for a period of at least twelve months from the date when the financial statements are authorised for Issue. Other Informaiion The trustees are responsible for the other information. The other infomiation comprises the informatron irtduded in the annual report, other than the financial statements and our Report of the Independent Auditor5 thereon. Our opinion on the finanti315taternent5 does not cover the other information and. except to the extent otherwise explicitly stated in our report, we do Aot express any form of assurance tonclusion thereon. In connectitsn with our audit of the financtal ststements, our responsibility 15 to read the other information and, in doing $0, consider whether the other information is materialty inconsistent with the financial staternents or our knowledge obtained in the audii or otherwise appears to be materially rntated. If we identify Such material inconsistencies or apparent material rni55tatements. we are required to determine whether there is a material mi5Statement in the financial statements or a mateiial misstatement of the other information. If. based on the work we have perfomiÈd, WÈ conclude that there 15 a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Opinion5 on other matters preKribed by the Companies Art 2006 In our opinion. based on the work undertaken in the course of the audit: the information given in the Report of the Trustee5 lincorporatin8 the strategK report and ihe report of the directors) for ihe financial year for which the financial statements are prepared is consistent with the financial statement5.' and the Report of the Trustees has been prepared in accordan with applicable legal requirements. Page 13
Report ofthe Indephdent Auditors to the Membets of Saint Catherine's Hosplce Trust Matters on whlth we are requlred to report by exception In the light of the knowledge and under5tandin8 of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respert of the followin8 matters where the Q*mpanie5 Art 2006 requires us to report to you if. in our opinion.. adequate a¢¢ounting re¢ords have not been kept or returns adequate for our audit have not been received from branches not visited by us,. or the finanual statements are not in agreement with ihe accounting records and returns.. or certain disclosures of trustees. remuneration specified by law are not made.. Of we have not received all thè infofmaiion and explanations we require for our audit. Respon$lbllltles of trustees As explained more fully in the Statement of Trustees Responsibilities, the trustees Iwho are also the directors of the charitable parent company for the purp05e5 of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal Control as the trustees deterrnine is necessary to enable the preparation of financial statements that are free from material mi5Statement. whether due to fraud or error. In preparing the financial ststements, thÈ trustees are responsible for assessing the group's and charitable parent company's ability to continue as a going concern, di5dosing, as applicable. matters related to going concern and using the going concern ba515 of accountin8 unle55 the trustees either intend to liquidate the charitable company or to ase operations, oi have no realistic alternative but to do so. Auditor's responsibilities for thè audit of the finantial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue a Rèport of the lrtdependent Auditors that includes our opinion. Reasonable assurance is a high level ol assurance. but is not a guarantee thai an audit conducted in accordance with ISAS IUKI will alway5 detect a material misstatement when it exists. Misstatements Can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influÈn¢e the economic de¢isiofis of users taken on the basis of these financial staternents. Irregularities, indudin8 fraud, are instances of non-compliante with laws and regulations. We design procedures in line with our re5pon5ibilities. outlined above, to detert material mistatements in re5pert of irreBularities, includin8 fraud. The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below. Our approach to identifyin8 and assessrng the risks of material misstatement in respert of irregularitie5. including fraud and non-compliance with laws and regulaiions. was as follows-. the engagement partner ensured that the engagement team collectively had the appropriate wmpetence, capabilitie5 and ski115 to identify or recognise non-¢ompliance with applicable laws and regulations- we identified the laws and regulations applicable to the ¢haritable parent cornpany and its subsldiarles through discussions with trustees and other management, and from our commercial knowledge and experience of the chaTltable sector: we focused on specific laws and re8ulations which we considered may have a direct material effect on the financial statements or the operations of the charitable parent company and its subsidiaries. including the Companies Act 2006, the Charities Act 2011. taxation legislation. data protertion. anti-bribery. employment. environmental and health and safety legSslation and Care Quality Commission regulations. we assessed the extent of Complian with the laws and rUlationS identified above through making enquSrSes of man38ement. Inspectin8 le8al ¢orresponden¢e and tnspecting Minutes of"Trusiee meetrngs and Leadership Group meetings: and Identified laws and regulation5 were cornmunicated within the audit team regularty and the team remained alert to instance5 of non-eomplian¢e throughout the audit. Pa8e 14
fle of the Independent Audltors to the Members of Saini Catherine's HospF¢e Tlusi We asse95ed the sus¢eptibility of the charitable parent ¢omparfs ffinancial statements to material misstatement, including obtaining an understanding of how fraud might occur. bv: making enquiries of management a5 to where they consi¢Jered there was susceptibility to fraud. their knowledge of actual, suspected and alleged fraud.. and on5iderinB the internal controls in pla to mitigate risks of fraud and non-compliance with laws and regulatlons. ro addre55 the risk of fraud through management bias and override of controls, we.. tested journal entries to identify unusual transaction5: assessed whether judgements and assumptions made in determining the accounting estimates were Indicative of potential bias,. and investigaied the rationale behind 98nificant or unusual transaaions. In response to the risk of irregularities and non<ompliance with laws and regulations. we designed procedures which included, but were not limiied to- greeing financial statement disdosures to underlying SUPPOrtin8 do¢umentation- reading the minutes of meeting5 of those charged with governance; enquiring of management as to actual and potential litigation and claims- and reviewing correspondence with the Care Quality Commission. H M Revenue and Customs and the ¢ompanVs legal advlsors. There are inherent limitations in our audit pro¢edures described above. Thè more removed that laws and regulations are from financial iransattions. the less likely it is that we would become aware of non-compliance. Auditin8 Standards a150 limil the audit procedures reouired to identify non-cornpliance with laws and reBulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence. if any. Material misstatemenis that arise due to fraud can be harder to detect than those that arlse from error as they may involve deliberate concealment or collusion. A further description of our responsibiliiies for the audit of the financial statements is located on the Financial Reporting Council's website at ww.frc.or8.uklauditorsrespon5ibilities. This description forms part of our Report of the Independent Audiiors. Use ol our report This report 15 made 501ely to the charitable parent Company's members, a5 a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2LYJ6. Our audit work ha5 been undertaken so that we mi8ht state to the charitsble parent ¢ompany's members those matters we are required to state to them in an auditofs. report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other thart the tharitable parent company'5 members as a body. for oui audit work, for thbs report. or for the opiniorts we have formed. Paul Websiei BA FCA UA15enior Ststutory Auditor) for and on behalf of Ingham & Co. Chartered A¢¢ountants Statutory Auditor George Stanley House 2 West Parade Road Scarborou8h North Yorkshire Y012 SED Date: 22 August 2022 Pa8e 15
Saint Catherfne's Hospke Trust ConsolSdated Statement of F5nan¢ial A¢tivitlts lin¢orpor•tin8 a Consolidat In¢ome and Expenditure Account) for the year ended 31 March 2022 Unrestricted Restricted Total funds Total funds as restated 2021 Note funds funds 2022 Income from: Donatlons and le8ades Lega¢ies Oonations General trust5 and foundations Fundraising donations and sponsorship Grants received 820,252 366.885 87,966 211,102 55,942 820,252 367.885 135.496 211,102 55,942 1,042,177 457.107 138,604 120.590 436,603 47,530 Charitable activities Funding from Clinical Commissioning Groups Educatlon course Income Grants received 1.557.206 14.199 569.989 2.127.195 14,199 716.395 2,076,502 13,128 1,159,694 716.39S Other tradlng actlvltles Fundraising events Charity shops and sales of other goods Room hire Support services Lottery arKI pri2e draws 126.499 960,264 2,508 25.390 366,623 126.499 960.264 2,508 25,390 366.623 88,194 270,449 3.880 23,523 373.S30 Investments 99.40S 99,405 74,342 Other In<ome Gain on disposal of fixed assets 1,223 1.223 433.698 Total In<om• 4.695,464 1.334.914 6.030,378 6,712,021 Expendlture on: Raising funds Donations and le8a¢ie5 Other trading artivities Lottery and prize draws Investment management costs 237,944 917.730 204.046 25,054 237.944 917,730 204,046 25.054 262.880 829,140 192,984 19.164 Charltable acllvltles 2.195.897 1.304.C66 3.499.963 3,949,610 Totsl Expenditure Net Incomellexpendlturel before other recognised gains 3.S80.671 1.304.C66 4.884,737 5,253,778 1,114.793 30,848 1.145.641 1.458,243 Net Ilosse5l/gains on investments Net IncomellExpendSturel 98.379 98,379 385,737 1,213,172 30,848 1,244.020 1.843.980 Total funds brought forward 10.049,856 114.403 10.164.259 8.320.279 Totsl funds ¢arfted forward 11,263,028 145.251 11,408,279 10.164,259 Cofitlnuln8 Operat$ All income and expenditure has arisen from continuing actiirities. The Consolidated Statement of Financial Activities includes all gains and 1055es Tecognised in the year. A detailed Cortsolidated Staiement of Financial Aciivitie5 for the comparative year ended 31 March 2021 is disd05ed in note 10 to the financial statements. Pa8e 16
Salnt Catherlne's HpIce Tryst Balance Sheets as at 31 Marth 2022 GTOUP Charity 2022 2021 as restated 2022 2021 as restated Note Flxed ets Tangible fixed assets Investments 12 13 4.721,402 3.637,200 4.871.624 2,489.243 4.720,274 3,637,207 4,870,248 2,489,250 8,358,602 7.360,867 8.357,481 7,359,498 Current assets Stocks Debtois Cash at bank and in hand 18.702 1.571.507 2,081,238 23.257 911,083 2,258,246 14.566 1.703,203 1.880.955 17,825 1.017,010 2.085.560 15 3.671.447 3.192.586 3,598.724 3,120,395 Cr•d•tors: amounts fallin8 due within year 16 1621,7701 1389,1941 IS49.9431 1317.6511 Net cyrrenl assets 3.049,677 2,803,392 3.048.781 2.802.744 Total net assets 11.408.279 10.164.259 11,406,262 10,162,242 The funds ofthe tharfty: Unrestricted funds Restricted income funds 17 17 11.263.028 145.251 10.049.8 114.403 11,261.011 14S,251 10,047,839 114,403 Total charity funds 11.408,279 10.164.259 11,406,262 10,162,242 The financial statements were approved by the Board of Trustee5 on 22 August 2022 and were si8ned on Its behalf by- M Middlebfook son Page 17
Saint Catherine's Hospice Trust Consorted Staiement ofwh fl(ws for the year ended 31 Marth 2022 Note 2022 2021 as restated Cash flows from operatlng actl¥ltSes: Net ¢a5h provided byllused inl operatin8 activities {a 804.843 882.897 Cash flows from investing acti¥ities: Dividends, interest and rents from investments Purchase of property. plant and equipment Proceeilg from the sale of investments Proceeds from the sale of tangible fixed assets Purchase of investments 99,405 I32.9) 1.156,481 1.222 (2.206,0591 74,342 114,3891 313.066 517,956 1386.9171 1981.8511 504,058 Change In Cash and cash equlvalents In the reporting pefbod 1177.0081 1,386,955 Cash and cash equivalents at the beginning of the reporting period 2,258,246 871.291 Cash and cash equfvalents at the end ofthe reportlng period Ib) 2,081,238 2 258 246 Notes to the consolidated s¢atemetht of ¢ash flows lal Rèconuliation of net incomel{expend•turel to net cash Ilow from operating activities 2022 2021 as restated Plet in¢omè/l•ynditur*l for the reportlng period 1.244,020 1,843,980 Adjustments for: Depreciation charges IGainslllosses on investments (Gainslllosses on disposal of fixed assets Interest received Dividends received Rents from investment Iln¢reasellde¢rease in stocks Ilncrea5ellde¢rease in debtors Increaselldecreasel in ueditors 183.123 198.3791 11.2231 1461 188,3701 110.9891 4.555 1660,424} 232,S76 201,226 1385,7371 1433.6981 14311 167.0431 16,8681 6,551 261.315 1536.3981 Net cash provided byllused In) operatlng actl¥Stles 804.843 882,897 Ibl AnalW5 of cash and eqyivalehts 2022 2021 Cash at bank and in hand 2,081,238 2,258,246 2.081.238 2.258,246 Page 18
Salnt Cathetine'5 H05pSce Trust Notes io the fEnandal stslements forihe year ended 31 March 2022 ACCOUNTING POUCIES Basis of pr¢parin8 the financial statements The finan¢ial statements have been prepared in accordance with the Charities SORP {FRS 1021 'Accounting and Reportin8 by Charitie5-. Siatement of Recommended Practice applicable to charities preparinB their accounts in a¢cordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I January 20191,. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Art 21J06. The Hospice Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially re¢ognised at historic Cost or transaction value Unle otherwise siaied in the relevant accounlin8 policies. The presentation currency of the financial statements Is the Pound Sterfing 1£). Income All income is re¢ognised in the Ststement of Financial Aclivities 0e the tharltable company has entitlement to the funds. it is probable that the income will be recel¥ed and ihe amount can be rneasured reliably. All income is stated e¥cludin8 discounts. rebates, value added tax and other Sales tè¥es. For lÈgaciès. the tharitable Company is Considered to be entitled to the funds. when it is aware of the exi5tance of a valid Will and the death of the benefactor. A legacy is considered probable when there has been a grant of probate. the executors have established that there are sufficient assets in the estate and any condition5 attathed to the legacy are in control OT met by the charitsble company. A legacy is measurable when it can be measured or estimaled with suffrcient reliability- Gift5 in kind are Tecognised at the estimated market value of the gift when it is received. with the exceptlon of donated goods for resale. which are not recogni5ed until they have been 501d. Income from events and fundiaising are recognised when the event takes place. Incorne from the Healih Authority. Government and other grants. whether a capital or revenue grant, are recognised when the charitable company ha5 entitlement to the funds, any performante ndItIonS attached to the grants have been met. it 15 probable that the income will be received and the amount can be measured reliablv. Incorne is deferred where it is reCVed in advance to be expended in the followin8 period or it relates to a future fundraising event. Investment income is included when receivable and the amount can be measured reliably. Resources expended All expenditure is included within the Statement of Financial Activities on an accruals basis indusive of any VAT that cannot be recovered. Expenditure ha5 been allocated to a particular activity where costs relate dirertly to that artivity- Where it is necessary to allocate costs between activitie5. the trustees use their best judgement 3nd estimates to fairly allocate the costs. Expenditure on raising fLtrnds comprises fund-raIn8 costs incurred in seeking voluntary contrSbutions, shop expenses and investment management advice. Expenditure on charitable activities comprises those costs incurred by the charitable company in the dellvery of its activities and services for its beneficiaries. It indudes both costs that can by allocated directly to sy¢h activltles and those costs of an indirett nature necessary to support them. Page 19
SaSnt Catherlne's Hosplce TN5t Notes to the financial statements for the ye¥ ended 31 March 2022 ACCOUNTING POiICIES- continued Tan8ible fryed assets Fixed assets are stated at cost. Oepreciation is prowded at the following annual rates in order to write off each asset over its estimated useful economi¢ life= Freehold buildings Fixture5, fitting5 and equipment Motor vehicles - 2% Stfaight line 20% Strai8ht line 20% Straight line No depreciation is tharged on freehold land. The charity capitalisation threshold for tangible fixe(l assets 15 £1,500. Investments Investments (other than investments in subsidiarie51 are a forffl of basic financial instrument and are stated at market value at the balance sheet date. All gains and losses are reftected through the Statemeni of Financial Activities. Investments in subsidiaries are induded at cost and the Trustees review the carrying value annually for indications of impairment. Stock5 Stocks are valued at the lower of c1 and net realisable value, after making due allowance for obsolete and slow moving items. Oonated items for resale are not included in the financial statements until they are 501d. Debtors Trade and other debiors are recognised at the settlernent amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date. Credltors Creditors are recognised where the charity has a present obligation resultin8 from a past event that will probablv result in the transfer of funds to 3 third party and the amount due io settle the obli8ation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowin8 foi any trade discounts due. lund ac¢oynting Unrestricted funds can be used in attordance with ihe Charitable objectNe at the discretion of the trustee5. Restricted funds can On be used for particular restriued purposes within the objects of ihe charitable Company. Restrictions arise when 4)ecified by the donor or when funds are raised for particular restricted purposes. Pension (ost and other p¢)st-retlrement benefits The charitable company operate5 two defined contribution schemes. The charitable company als0 makes Contributions to the NHS Pension Scheme which is an unfvrtded defined benefit s¢herne. The charitable companv Is unable to ideniify its share of ihe underlying assets and liabilities of the NHS scheme and therefore the scheme is accounted for as if it was a defined contribution scheme. Contributions payable to all schemes are ¢har8ed to the Statement of Financial Activities in the period to which they relate. Subsldlarles The ¢haritable company has two wholly owned subsidiaries, Scarborou8h Hospice Sale5 Limited and Saint Catherine's Hospice Lottery Limited, both of which are incorporated in England. Both cornpanies are obli6ed under their constitutions to apply their profits toward5 the promotion and carrying out of the objects of the Charitable company. A summary of the trading results of both subsidiaries in contained in the notes to the finan¢ial siatements. These financial statements consolidaie the results of the charitable company and both 5ub5idiaries. Page 20
Saint Catherlne's Hospke Trust Ne$ to the financlal statements forthe year ended 31 March 2022 ACCOUNTING POLICIES- continued Taxailon The charitsble company is exempi from tax on its charitable artivitie5. Group Ilnanclal statefflents The finan¢ial statements ¢onsolidate the results of charity and its wholly owned subsidiaries on a line by line ba51S. A separate Statement of Financial Activities. induding the income and expenditure account. for the charity itself is not presented because the charity ha5 taken advantage of the exemptions offered by Section 408 of the Companies A¢t 2006. The summary finan¢ial perforn)anee of the charity alone t5 di5c105ed in note 14 of the financial statements. Volunteers No amounts are included in the financial statements for 5eThi¢es donated by volunteers. Operating leases Operating lease rentals are induded in the Statement of Financial Activities in the period to whith they relate. Flnanual thstruments The Charitable company only enters into basic financial instruments that result in the recognltlon of financial a55ets and liabililies such as trade debtors. other debtors and creditor5. Debt insiruments that are payable or receivable within one year. are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Goin8 concern The charitable ¢ornpany meets its daily working capital fequirements from its bank a¢¢ounts. which at 31 March 2022 were in excess 01 £2.050.0(Kl. The charitable company lieS upon funding from voluntary donations, legacles and funding from clinical commi55ioning groups, which all contain a degree of uncertainty. However, the charitable company has a favourable fundraising history and given the levd of free re5erve5 at the year end, the Trustees consider that the charitablè company has sufficient resource5 to continue in exittence for the foreseeable future. Consequently the financial statements have been prepared on a 8oin8 con¢em basis. Judgements and key SOUf¢es of esllmatlon uft¢erta5nty In preparing the financial statements. management is required to make estimates and assumptlons whlch affect reported income, expenses. asseis, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inheient in the formation of estimates, tQ8ethei with past experience and expectations of futurè events that are believed to be reasonable undeT.the circumstances. Actual results in the future could differ from such ertimates. Critical judgements in applwh8 the mpan$ polldes The trustees do not consider that there are any significant judgements which have haLI to be made In preparing these financial statements. Critical accountlng estlmates and assumptions The annual depreciation charge for tangible fixed assets is sensitrve to changes in the estimated useful lives and residual valves of the assets. The assumptions used regarding useful economic lives and residual value5 are assessed annually. They are amended when necessary to reflect current estimates based on market conditions and physical conditions of the assets. Legacies are fecognised a5 income when probate has been Branted. the Charitab company has established that it Is entitled to the funds and the charity has sufficient infomiation with which to estimate rellably the amount receivable. Page 21
Salnt Catherine's Hospice Tru51 Notes to Ihe finanoal stsiements lorlhe year ended 31 Marth 2022 LEGALSTATUS OF THE CHARITY The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per rnember of the charity. NET INCOME 2022 2021 as restated Net Income is stated after charginyJlcreditingl: Operating lease rentals- Land. buildings and equipment Depreciation of tan8ible fixed assets Profitll10551 on disposal of fixed assets 149,277 183,123 1.223 151.342 201,226 433,698 GRANT INCOME 2022 2021 a5 restated COVJD-19 grants.. National Health Serwce England emer8erb¢y hospice byant fvnding Ctsronavirus job retention scheme Coronavirus sick pay scheme Coronavirus retail 8ranis other grants 716.395 20.885 1,720 33.337 1,159,694 184,429 7.862 243,933 379 772.337 l.S96,297 Allocated to: Donations and legacies Charitable activities 55,942 716,395 436,603 1.159.694 772.337 1.596.297 INCOME FROM INVESTMENTS 2022 2021 as restated Bank intefest Dividends Rental income 46 88.370 10.989 431 67.043 6,868 99,405 74.342 Page 22
Saint Catherlne's Hosplte Trust Noles to the finonrial stsiem¢nts for the al ended 31 March 2022 ANALYSIS OF EXPENIKfuRE txrect Costs Support costs Inote 71 2022 2021 as restated Costs of ralslng funds Donations and le8acies Other tradrng activities Lottery and pr12e draws Investment management costs 181.573 794,616 204,046 19.120 56.371 123,114 237,944 917.730 204.046 25.054 262.880 829,140 192,984 19.164 5.934 Charttable actl¥ltie5 Inpatient unit Clinits & therapy Community Care Bereavement support services Education 1,599.223 184.278 769,133 173.220 33.031 496.471 57.208 123,370 53,775 10.254 2,095,694 241.486 892.503 226,995 43,285 2,240.505 365,495 I,C65,206 222.015 56,389 3.958.240 926,497 4.884 737 5,253.778 ANALYSIS OF SUPPORT COSTS 2022 2021 as restated Salaries Premises Consumables Maintenan Professional fees Oepceciation Training Governance TranSpt Sundry expenses 408,196 93.821 83.399 57,940 65.241 167,754 15,148 27,701 6.669 628 419,678 1Th),159 72,239 68.425 67,144 166,994 11.076 15,913 4,753 179 Total support Costs 926,497 926.560 All 5UPPOrt cost5 and gOvernar costs are apportioned between the various activities in accordance with the levels of the direct costs. This method of apportionment represents a reasonable approximation of the usage of support costs and governance cost by each activity. Allocated to.. Expenditure on raising funds (note 61: Costs of 8eneralin8 donatiofis and le8a¢ies Other trading activitie5 Investments 56,371 123.114 5,934 57,105 102,907 4,163 Expendlture on charltable acti¥ltles Inote 61: Inpatient unit Clinics & therapv Community care Bereavement support services Education 496.471 57,208 123,370 53.775 10.254 486.692 79,394 135,823 48,227 12,249 926,497 926,560 Paee 23
Saint Catherfne's Hospice Trus1 Note5 to the finandal statements lorthe year ended 31 March 2022 PENSION COSTS The trust operates fv40 defined contribution pension schemes. the assets of whith are held Separate from those of the trust in independently administered funds. In addition. the trust also makes contributions to the NHS Pension Scheme, which is an unfunded defined benefit scheme. As the trust is unable to identify its share of the underlyin8 assets and liabilities of the NHS Pension Scheme. this is also accounted for as a defined contribution scheme. Each member of the scheme pays a common contribution rate as set by the Government. The pension costs charge for the year represents contributions payable by the trust to the xhemes. 2022 2021 as restated Defined contribution schemes NHS Pension Sd)eme 84,995 113.435 85.596 139,361 198.430 224,957 Pension contributions amounting to £12.34312021 - £12.2351 were payable to defined contribution schemes and £17.33312021 - £Nill were payable to the NHS Pension Scheme at the year end. These amount5 are included in creditor5. STAFF COSTS ANO NUMBERS 2022 2021 as restated Wages and salaries Social Security costs Pension costs 3.134,128 272,863 198,430 3.484,719 296,998 224.957 3,605,421 4.006.674 The trustees do not receive any emoluments and are not reimbursed for any expense5 incurred. The key management personnel of the irust and ihe group is the Executive Team. which comprises the Chief Executive. the Income and Business Services Director, the Medical Director and the ainical Services Dirertor. The total employee benefits of the key management personnel was £366,43112021- £350.5921. The total amount of termination payrnents reco8nised as expenditure in the Consolidated Statement of Financial Activities for the year was £Nil12021 - £87.1991. These relate to re(lundancy payments. payments in lieu of notice and ex-Bratia payments. The number of employee5 whose total employee benefits. excluding pension contributions. were over £60,000, were as follows.. 2022 No. 2021 No. E60,OCQ 10 £70.( £70,OCQ to £80,C(rfJ £80.OCiI to £90,C E90.000 to £IOO.¢XJO The average monthly head count of employees. analysed by fvnrtion. wa5: Patient care Ancillary staff Shop staff Administrative staff 82 28 25 20 94 34 27 24 155 179 Page 24
Salnt Catherine's Hospice Ttust Notes to the flnandal st•tementslor the year ended 31 Marth 2022 10. CONSOUDATED sTATEmEr OF F114ANCIALAcnvmES PRIOR YEAR COMPARATIVES FOR THE YEAR ENDED 31 MARCH 2021 Unrestricted funds Restricted funds Total funds 2021 as restated Income and end¢)wments from: Donatlons and legac5es Legacies Donations General trusts and foundalions Fundraising donations and sponsorship Grants received 1,032,177 434,246 110.064 120,590 436.603 10.000 22.861 28,540 L042,177 457,107 138.604 120,590 436,603 Charitable aclivities Funding Irom Clinical Commissioning Group5 Education course income Grants received 1.499.604 13.128 576,898 2,076,502 13.128 1.159,694 1.159,694 Other Iradlni actlvitles Fundraising events Charity shops and sales of other 8ood5 Room hire Support services Lottery and prize draw5 88,194 270,449 3.880 23.523 373,530 88,194 270.449 3,880 23,523 373.530 Investments 74.342 74.342 Other Income Gain on disposal of fixed assets 433.698 433.698 Total Income 4,914,028 1.797.993 6,712,021 Expenditure on.. Raising funds Donations and legacies Other trading actwities Lottery and Pfize draws Investment manager's costs 262.880 829,140 192.984 19,164 262,880 829,140 192,984 19,164 Charitable attivities 2.166.247 1,783.363 3.949,610 Total ExpendSture Net Incomellexpendlturel belore other reco8nised galns 3.470.415 1.783,363 5.253,778 .1.443.613 14.630 1,458,243 Nei pins on Investments 385.737 385,737 Net Expenditure 1.829.350 14,630 1,843,980 Total funds brought forward 8.220,506 99.773 8,320,279 Total fulS carrfed forward 10,049.856 114.403 10,164.2S9 Page 25
Saint Catherine's Hospice Trust Notes to the financial statements for the ar ended 31 March 2022 11. OPERATING LEASES Minimum lease payments under n0n-cancellae operating leases fall due as follow5- Group Charitv 2022 2021 as restated 2022 2021 as restated On land and buildings- Wlthln one year Within two to five years Over five years 93.381 155.500 145.173 232.881 60.CIKI 93,381 155,500 44.¢J)O 145.173 232.881 60,000 292.881 438.054 292.881 438,054 On other a55ets- Wiihin one year Within two to five years 1.857 619 6.250 1,857 619 6,250 2.476 6.250 2.476 6.250 12. TANGIBLE FIXEOASSEfs- GROUP Freehold land & buildin85 rixlures, fittings & equipment Motor vehicles Total A5 at l April 2021 Additions Dlsposals 7.779.093 4,862 655,922 28,038 111.4941 89,873 8,524.888 32.900 117.2581 15,7641 A5 at 31 March 2022 7,783.955 672.466 84.109 8 540,530 Depreclatlon As at l Aprll 2021 Charge for the year Ellminated on dtsposal 2,999.213 144.919 565.363 37.644 111.4951 88.688 560 15.7641 3.653.264 183,123 117,2591 As at 31 March 2022 3 144,132 591,512 83,484 3.819.128 14et b¢)ok v•lye As at 31 March 2022 4,639.823 80.954 625 4.721.402 As at l April 2021 4.779.880 90.559 1.185 4.871,624 Page 26
Saint Catherfhe's H05pkt Trust Notes to ihe finandal ststements lorthe year ended ai Marth 2022 12. TA14GIBLE FIXED ASSEfs- CHARITY Freehoh land & buildings FixtUTe5. ffittinÉs & equipment Motor vehlcles Total As at l April 2021 Additions Oi5posals 7.779.C83 4.862 653.425 28.038 111,4941 89.873 8.522,391 32,900 117.2581 15,7641 As ai 31 March 2022 7.783.955 669.969 84.109 8,538,033 DeprecSatlo As at l April 2021 Charge for the year Eliminated on disposal 2,999.213 144.919 564.242 37.396 111.4951 3.652,143 182,875 117,2591 560 15.7641 As ai 31 March 2022 3.144.132 590.143 83,484 3 817 759 Net book Value As at 31 March 2022 4,639.823 79.826 625 4.720,274 As at l April 2021 89.183 1,185 4.870.248 13. FIXED ASSEf INVEsfMEIITS- GROUP AND CHARITY 2022 2021 a5 restated Usted investments Valuation at l Apill 2021 Additions Disposals Revaluation surpluslldefiatl 2.409.243 2.206.059 11,146.2591 88,157 1.949,655 386,917 1297,8791 370.550 Valuation at 31 March 2022 3.557,2(KJ 2,409,243 Secured property asset Valuation at l April 2021 and 31 March 2022 80.C 80,000 Total group Snvestments 3.637,200 2.489.243 Equlty Investments In subsldS3rfes At 31 March 2021 and 31 March 2022 Total tharity inve5¢ments 3.637.207 2.489,250 OriBinal cost of investments stated at valuation 2.839.322 1.779.522 The secured propemi asset represents a 50% benefiual interest in a freehold property. which was donated to the charitable company in earlier years and is included in the financial statements at its estimated value, based on the open market value of the undeAyin8 property. The open market value of the undertying property has been estimated by the Trustees by refefence to the similar properties in the immediate vicinity. The charitable company is unable to reali5e thi5 inve5tmenl without the agreement of the other beneficial owners. Changes in the estimated value of ihe secured property asset are included in the Statement of Flnanclal Activltle5. Page 27
Saint Catherine's HOSPI Trust Notes to Ihe finart¢ial #atements forihe lT ended 31 Marth 2022 13. FIXED ASSET INVESTMENTS- GROUP AMD CHARITY-contlnued The investment in subsidiary undertakin8s Comprises ILI)% of the issued share of Scarborough Hospiee Sale5 Limited and Saint Catherine's Hospice Lottery Limited. SummarTres of the results of the subsidiaries ale a5 follows.. 2022 2021 S¢a¢borouÉh Hospice Sales Limited Icompany number. 020533201 Turnover Cost of sales 45,715 116,6841 32.142 111.6191 Gr055 profit Operating expenses 29.031 110.3891 20.523 110,4641 Profit on ordinary artivities Interest payable and similar expense5 Amount gift aided to the tharity 18.642 10.059 118,6421 110.0591 Retalned Sn subsldlary Assets Llabllitles 19,718 118.7121 34.718 133,7121 Net assets I,6 l.(KJ6 Represented by: Capital Reserves i.rA]o i.0 1.th)6 I.6 2022 2021 Salnt Calherlne's H05pke Lottery Umfted {Company Number. 035807241 Turnover Cost of sales 366,623 1130,8001 373,530 1130,7101 Gr055 profit Operating expenses 235.823 173.2461 242,820 162,2741 Profit on ordinary artivities Amount gift aided to the charity 162.577 1162.5771 180,546 1180,5461 Retslned In stsbsldlary Assets 'abilities 185.832 1184,8211 147,306 1146,2951 N*t assets I,oii I,oii Represented by.. Capital Reserves i.oio I,oio i.oii i.oii karborough Hospice Sales Limited undertakes the sale of new goods, calendars and 8reetin8s cards. Saint Catherine's Hospice Lottery Limited undertakes the operation of the lottery and prize draws. The registered office of both subsidiaries is Saint Catherine's Hospice. Throxenby Lanè. Scarborough, North Yorkshire. Y012 SRE. Page 28
Saint Catherine's H05pi¢e Tmrt Notes to the Ilnandal statements forth¢ year ended 31 March 2022 14. FINANCIAL PERFORMANCE OF THE CHARITY The summary financial performan¢e of the charity alone 1$ as follows.. 2022 2021 a5 restated Total Income Total Expenditure Net gains on investments Net incomellexpenditurel Total funds brought forward 5,799.259 14.653,6181 98.379 1,244,020 10.162,242 6,496,954 15,038.7111 385.737 1,843,980 8,318,262 11,406,262 10,162,242 Represented by- Restricted funds Unrestrirted funds 145.2SI 11,261.011 114,403 10.047,839 11,406,262 10,162,242 IS. DEBTORS: AMOUNTS FAWNG DUE WIThIN ONE YEAR Group Chartty X122 2021 as restated 2022 2021 as restated Trade debtors Amounts owed by group undertakings Other debtors Prepayments Accrued income 15,653 20,339 15,653 131,696 33,657 84,412 1.437,785 17,811 108.455 24,433 57.190 809,121 33,657 84.412 1.437.785 24.433 S7,190 809.121 1.571.507 911.083 1,703,203 1,017,010 16. CREDITORS: AMOUNTS FAWNG DUE WtThlN Ot4E YEAR Group as resrated 2021 Charity as restated 2021 2022 2022 Trade ¢reditors Taxation and social security Other creditors Accruals Deferred income 54.345 70.286 17.494 187.374 292.271 52,833 75.753 17.939 148,603 94.066 51,698 67,677 12,994 125,302 292,272 49.727 73,583 15,439 142,539 36,363 621.770 389.194 549.943 317,651 Deferred income Balance brought forward Amount released to the SOFA Amount deferred in the year 94.( 194,C661 292.271 S79.694 1579.6941 151,769 88.900 188,9001 579,694 I88,9) 94,066 292.271 94.066 151,769 579.694 Page 29
Saint Catherithè's Hospice Trust Note5 to the financial aternets for ihe year ended 31 March 2022 17. STATEMENT OF FUNDS Movernent in resource5 Investment Gains]ILossesl At l April 2021 a5 restated At 31 March 2022 Income Expenditure Group unrestrided lunds General fvnd 10,049,856 4,695,464 3,580,671 98.379 11.263.028 Charlty unrestrkted lunds General fund 10,047,839 4.464,345 13,349,552) 98,379 11.261.011 Group and Charlty rellrirted funds Contract income Legacies income Trusts and foundation income Donations income Grant income 569,989 1569,9891 72.255 72.255 39.999 2.149 47.S30 1,000 716.395 116.6731 11,(M)91 1716.3951 70,856 2.140 114.403 1,334,914 1,304,066 145.251 Group total funds 10,164,259 6,030,378 4,884,737 98.379 11.408.279 Charity total funds 10.162,242 5,799,259 4,653,618 98.379 11.406.262 Please refer to Note 23 for details of the prior year adjustment, includin8 the reconciliation of the reserve5 carried forward as previously reported to the rèstated balances above. Unrestrlcted funds The general fund rèpresents the free reserves of the charity that are not designated or restricted for a particular purpose R•strlcted fund5 The restricted funds represent monies receNed for specific purposes. as follows.. The restricted contract income includes £269.546 re1ved to be spent on the En(1 of Life Beds project. £70.021 to be spent on the Care Home Link Nurses Proje¢t Funding. £269.( to be spent on the Hospice at Home project. £135,428 to be Spent on the Nurse Led 8ed5 proiecL £61,956 for Pharmacy Support and £33.038 to be spent on Lymphoedema services. The restricted (rusts and foundation income indudes £5,000 io be used on the provY5ion of Services in the Bridlington area, £5.OthJ to be used on the provision of semces brt the Ryedale area, £17,430 to be spent on medical and other equipment, £8.(KIO to be spent on the provision of nursing care and £12.1 iowards the re- openin8 of the Wellbeing Centre. The restricted donation income of El,IXkl was receNed towards the costs of a wedding taking place at the Hospice. The restricted grant income of £716,395 was National Health Service England awarded funding to allow the Hospice to make available bed capa¢ity and ¢ommunity 5UPPOrt frorn December 2021 to March 2022 to provide support to people with complex needs in the context of the Covid-19 pandemi¢. Induded in restricted fvnds held at 31 March 2022 is £73.915 to be spent on the purchase of capital equipment. £10,000 to be spent on the provision of sery1$ in Whitby, £IO.OCQ to be spent on the provision of 5ervice5 in Bridlington, £5,000 to be spent on the provision of 5ervice5 in Ryedale. £10.(10 to be spent assisting dementia patients in the Inpatient Unit, £6,979 to be be spent on ihe re-openin8 of the Wellbeing Centre. £8.000 on the provision of nursin8 ¢are and sundry other funds totalling £21.35?. Page 30
Salnt CatheTine's 1105pice Trust Notes to the financial statements for the year ended 31 Marth 2022 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS Tan8ible fixed assets Net Current assets As ao 31 Marth 2022 Investments Total Gmup Restricted funds Unrestricted funds 145.251 2,904,426 145.251 11,263,028 4.721.402 3.637.200 4.721.402 3,637,200 3.049,677 11.408.279 Charity Restricted fund5 Unrestrided funds 145,251 2,903,530 145,251 11.261,011 4.720.274 3.637.207 4.720.274 3.637,207 3,048,781 11.406.262 Tangible fixed assets Net current assets As at 31 March 2021- a5 rertoted In¥e5tments Total fjroup Restrirted fur$ Unrestricted funds 114,403 2,688,989 114,403 10.049,856 4,871.624 2.489,243 4,871,624 2,489.243 2.803.392 10,164,259 Charfty Restricted funds Unrestricted funds 114,403 2.688.341 114,403 10,047,839 4,870,248 2,489.250 4.870.248 2.489,250 2,802,744 10.162.242 19. RELATED PARTY TRAN5AcnoNS The total amount of donations receNed without conditions from the Trustee5 and the Exe¢utNe Team was £2.219 12021- £9.3711. Page 31
Salnt Catherine's Hospice Trust Notes to the financial statements for the year ended 31 March 2022 20. AUDITORS. REMUNERATION Group Charity 2022 2021 as restated 2022 2021 as restated Audit fees Accountancy, taxation and other services 12.710 S.25S 12.025 s.oso 8.2SO 3.550 7.745 3,345 17,965 17,075 11,800 11.090 21. FIIIANCIALASSEfs AND LIABILITIES Group 2022 2021 as restated Carrylng value of flnandal assets Financial assets measured at fair value Financial assets measured at amortised cost 3.637.2CIJ 49.310 2.489,243 44.772 Carrylng value of finandal Ilabllltie5 Financial liabilities measured at amortised ¢ost 142.125 146.S25 Finanoal aets measured at fair value c¢)mprise investments held at market value. Financ¢al a55ets measured at amort15ed c05t comprise trade debtors and other debtors. Financial liabilities measured at amortised cost comprise trade ueditors and other creditors. 22. CONTINGENT ASSETS At 31 March 2022, the Charity had been notified of 9 leBacies12021- 81 with an estimated value in the region of £338,25012021- £280,OCQI which have not been recognised in the financial statements as they failed to meet one or more of the income recognition uiteria. The charity has also been notified of io further legacies, the value of which is uncertain due to insufficient information bwn8 available. At the date of approval of the financial 5tatement5, no further information has been received and consequently these legacies have not been recognised in the financial statements. 23. PRIOR YEAR ADJUSTMENT During the year endeij 31 March 2022, it was Identified that a 50% beneficial interest in a freehold Property, which was donated to the tharily in earlier years. had not been fefflected in ihe charity's finanual staternents. A prior veaf adjustment has been made to corrert this error to include the market value of the asset as a secuied property invesimefit within Fixed Asset Investments. The effect of the prior year adjustment on the cornparative financial statements for the year to 31 March 2021 is as follows.. Balance sheet Group Charity Fund5 brought forward at l April 2020 as prewously reported Omitted secured property asset Inote 131 8,240,279 8.238.262 As restated 8.320.279 8.318.262 Funds carried fofward at 31 March 2021 as prwously reported Omitted secured property asset (note 131 10.084,259 80.0 10,082,242 80,WO A5 stated 10.164.2S9 10.162.242 Pa8e 32