REGISTERED COMPANY NUMBER: 1627610 IEngland and Wales) REGISTERED CHARITY NUMBER: 284701 Rep oftheTrurttes Financial 5taternents For The Y••r Ettded JI T{b 2023 Salnt Cathethe's N05pkeTrust •ACFILDLT* 27110r2023 COMPANIES HOUSE A11 Ingham & Co. Chartered Accountar Statutory Auditor George Stanley House 2 West Pèrade Road Scarborough North Yorkshire Y012 SED
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Salni Catherlne's Hospke TDJrt Contents ofthe Finan¢ial Statements ForTh• Ye•r Ended 31 Marth 2023 Page Report of the Trustees Itoll Report of the IndependentAuditgr5 12to14 Consolidated Statement of Financial Activities Is Balance Sheèts 16 Con501idated Cash Fl¢)w Statement 17 Notes to the Financial Statements 18to32
Salnt Catherlne'5 Hosplce Tn1 Report of the Tru51ees for the year ended 31 March 2023 The trustees who are also director5 of the charity fof the purposes of the Companies Att 2¢))6. present their report with the consolidated financial Statements of the charity and its subsidiaries for the year ended 31 March 2023, which are also prepared to meet the requirements for z group directorf5 report and accounts for Companies Act purposes. The trustees have adopted the provisions of Accounting and Reporting by Charitie5.' Statement of Recomrnended Practice applicable to charitie5 preparing their accounts in accordance wrth the Financial Reportlng Standard appli£able in the UK and Republic of Ireland IFRS 1021 leffective l January 20191. OBJEcnvES AND ACTivmES Purpose and actlvities The piimary object of the Trust is to promote the relief of symptoms and enhance the wellbeing of patients and their Carers with specialst palliattve care and end ot life need5. The Trust meets this objective through its promotion and provision. where appropriate. of holistic tare for patients with a life limilbn8 illness who are in need of Specialist palliative and end of life care. The Hospice provides c¢)nwltant led specialist palliative and end of lrfe (are services to those patients with a life limitin8 illness. regardless of diagnosis. referred in to our care. The Hospice serves 3 16CKI squzre rnile area. with both in-paint prwsion in Scarborough and a range of outpatient and community services. orborough bosed.- Purpose-built Hoswce opened in 1985. mwn8 to its current te in 21J)4 providing 5PEcialist palliatNe care beds in single en-suite in-patient room5. Our Wellbeing Centre allows patients to access the followin8 seMces= Assement. re-enablement and optirnising function and wellbEin& through acttssto a multi dI1p11Th8ry team. Specialist Lymphoedema dini¢. Specialist Palliative Care Consuant ouwatient dinics_ Input Into specialist Ne0 Multi-Disciplinary Team Clin$. Cornplementary Therapy consultations and clinics. Specialist Palliative Care Social Work service5. Occupational Therapy and Physiotheraw SeNces. Carers Support. Breathlessness manaaement eduotion prograrnrr. Reiki for patients and carers. Bereavement Support Semce for both children and adult5 servingth05t with a connertion to Saint Catherine's. Pastoral Care. Specialist Palliative Care Counselling. Out ol hours PICall telephone support seNce for patients. carers and other healthcare professionals. Education centre providing a range of 5pecialtst courses for healthcare professionabs. Multi disciplinary student placement. Nurse led beds providing end of life care for patient5 from kzrborough hospital_ Pa8e I
Sant catheri.$ Hosplce TNst Report of the Trnst*ts for the year ended 31 March Z023 OBJÉCTIVES AND AcfiviTIES Purpost and activities Cornmunity b05ed.. Wellbein8 Centre prow5n at our main site for paiients acr0$5 oUrW)1e geoeraphical area. Domiciliary based Community Spetialist Palliatv4e Care provided by ClinKal Nurse Specialists. Community ConsulTrt access through domiciliary visits or clinics. Consukant dinit to Bridlineton patients. Consultant clinics at Scart>orou8h Hospital. Domitih'ary Ottupational Therapy. physiotherapy and social WO visits. Domicih'ary 8ereavement Support visits. Consultant supporr to oiher healthcare professionals. Fast Tratk Home Care Serwce prowding packages of care in a tIentS home. Scarl)orou8h, Whrtby, Filey. The main objectives for the year were to re-engage with our partner5 and our comrnunities. and re-start key sprvice5 that had been impacted during the Covid-19 pandemic to support our patient5. their families and carers. and to develop L)ur work with new Inte8raied Care 8oard supportin8 the devebpmeni of iniegrated healthcare and new ways of yrking, particvlady in the communtty. Public Benefft The Board of Trustees are satisfied that they have complied the in settion 17151 of the Charities Act 2011 to have retard to the Charity Commission guidance on public beneth"t in the pri>vision of its artivilies. A review of the ssgnificanl activities undertaken by the charity during the year to further its charitable purposes for the public beneflt ts detailed below. Volunteers The H05pice relies heavity on the support of volunteer5 and currently ha5 around 350 Voluntee a£$ all our services, in our shops. helping out with fundraising and in our busines5 SUPPOrt services. The Board are incredibly grateful to all those who volunteer time for their comrnitrnent to the Hospice and would like to express their gratitude and thank5 to all our volvnteets. Volunteers remain a vitsl rer¢e for Sabnt catherine's helping to support our fundraisin8 and shops throughout 2022-2023. STRATEGIC REPORT Achievements and perfornwKe Churituble urtivitie5 The Hospiee's Stratewc Intent 2021-2024 provides a dear locus for the oneoing development of Saint Catherine's. The six inlention5 focus on.. Clinical Excellence. Empowered People, Innovation and Improvernent. Systems an Processes, Financial Sustainability and Reputation. The Hospices. set of value5 and behaviours are how we will deliver our Strategit Intent and these are based on.. People Cenired. Teamwork. Inte8rity and Quality & Excellence. Our Strate8ic Intent continues io support our ongoing response to Ir8 with Covid-19. Technoloey continues to be, a si8nificant part of the thange5 to services and 5UPPOrt for patients. families and carers. Page 2
S•lnt Catherlne'5 Ho¥ice Tn15t Rèport of Tnstees torthe year ended 31 Marth 202J STRATEGIC REPORT A¢hiewemtnts and performance Choritable Ottivities- conrinued The Hospice continues to review the delivery and development of all its servKes tn Iviht of the chaTr8es in the local health and social economies. seekinB to respond to local plans and objectr¥es. In conjunrtion wth needs anaws gathered by the IC8. During 2022-2023 we have been able io slowly develop new ways of delivering (are èrnd support through our Wellbeing Centre lor patient5 and families. Our seThfices received 1901 referrals to provide speci315t care and 5UPPOrt. We had 189 admissions to the In-Patsent Unit wth 21 beiA8 adrnissions from Scarborough Hospital to Nurse Led Beds. Our Palliattve Care CounselliTh8 Team made 858 contacts to 5UPPOrt clients. and the domicilary last track care teams 3618 visits to patients ir iheir own hoffles and an additional 710 contacts. Our Comrnunity Palliative Care Clinical Nurse Specialists received 742 referrals which resulted in 6431 contacts. Our Therapies Team in total had 1456 contarts with patients. and our Social Workers prowded 1098 contact5 over the year. We eontinued to work with the IC8 to develop and continualty improve our services durin8 Z022-Z023. The cornmissioners asked Saini c*herine's to delNer a Fast Track Domiciliary Care service delivering package5 of care to atients across our whole ScarborDuRh. Whiibv and Filev area. The H05pice tontinues to play a Ie in the wder healthcare system by engaging with tommissionets and local healthcare forums across North Yorkshire and Humber. The ExecutiveTearn continues to en8aBe with key local stakeholders. In addition one of the Executive Team holds the role of ainical Lead. PalSiatNe Care and End of Lift for Cumbria and North Ea5L Yorkshire and Hurnber for the strategic clinical network. The Hospice also forms part of a seven Hospice collaboratwe working across Humber and North Yorkshire Health and Care Partnership. Feedbock on our choritpble ortivilies.. The Hospiee has Conlinued to deliver high quality care and Service to our patients. families •nd clients. The Hospice receives feedbatk from patients, carers and profewonals and through 2022-2023 we were told.. Patientslcarerslfamilies have sald- "What a team AMAZINGI" nurses. dortors. heahh carers, housekeepers. physios. chets. students and ward clerk5 - 'Yhank yov so. so rnuch for all the and kindness you e io our dad - and also to us. What a place St Catherine's isl BealfUl galden full ot bloorni nowers and blossom tre, and statt hjll ol warmth and humanity." "l just want to thank you all $0 much for the amazing care you all ga¥e during his last few days. The hospice is a truly special place and l am so graieful he was the. Thank you also for looking after us over that time. I will never forget vour kindness and understanding during suth a distressing time but also the laughter and nomality that helped to ease the pressure. You all ha¥e a special place in my heart. and I know he would wanl tD thank you all as well." 'There are no words that can express h¢)w muth y(wr ore for our famity member has meant for myselF and family. In the short time of rneeting you all= Doctor5. Nurse5, Carers, Kitchen siaff and Cleaners. the warmih. compassion and tornftsrt that you have shown has been beyond what we could have imagined. Each and every one ol you went out of your way to comfort and calm us. We will be eternally grateful and never forget the kindness." "I would like tts thank everyone ai St Catherine's for the care. love and 5UPPOrt shown to and myself during his two stays with you. He really appreciated everythin8 you did for him as did l. You made what was a difficult time that little bit easier to bear. and for that l am very grateful.. Page 3
Saint C•theriM's Hospi¢* Trust RepLvI of the Trustees ltythe ar ended 31 M•r£h 2023 STRATEGIC REPORT Achievements and performance Feedbock on ourchorittible tsrtivities- continued Professionals have said.. "I want to say a big thank you to you all. The Nurse5. Dortor5. HCAS. Domestic and Support workers. food team. Physio OT. counselling tearn. Ward Clerk etc. It'5 been just 6 monihs now workn.ng with you. I have learned a lot working with you. The lo¥e. kindness and poif(enes5within your team are great rtues. I have enjoyed working with you all, I will MI you all." o the wonderful team at Saint Catheirnes. Nurses. HCAS. Doctors. Therap$, and everyone else. Massive thank you to everyone who heSO me grow and making me feel 50 welcome during rny time. Student Nurse" Income generotio The Trustees evaluate the effecti¥eness of all income generation activities with reference to planned income and the overall In<ome Generèiion and Marketing strntegy through Board meetings. The Fundraising and Marketing Director aThd Chief Executive provide repts to the Board to report financial income. Monthly Management Accounts report actual results against budget and are prowded to Trustees quartedy. The H05pice recogrAses the crucial importance of all its Income Generaiion attrvities. The Hospice has established a relationship during 2022 and now continues to work with Humber and North yorkshi ICB. to continue contracted activity bringing in commissioned incorne. The Hospice continues to review the performante of all of its income 8eneration attiVrts, to ensure the ser¥ice5 remain as effectNe and efficient a5 POS5ible. The Hospice remains incrediblv grateful to all its SUPPOrters and tlonors and ¢0£niSeS the thallenges faced by our cornrnunities in the continuing economic climate. Fundroisirtl and cornplitsnce The Hospice is re8lStered with the Fundraising Regulator and continues to rewew the lee¥l requirements and best Pf3tti£e guidance for all 1ce geTheratn actr¥ities. to ensure all practites and ethits meet the required standards and vulnerable persons and other members of the public are protected. The Trustees receive formal updates on any matters of concern in thÈ form of regular C£0 updates and papers to Board. The Hospice delivers its own fundraising activities direttly and also has volunteers and supporters who fundraise on gur behalf. Our lundraising ieam prowde guanCe and support to a5515t Staff. volunteers and supptsrters in their fundraisinR actNities. The H05pice does not undertake any cohj-call canvassing for the Lottery and no other cold-call approach Is undertaken in any income generation artivtty. The Hoswce does not use any professional fund4r•isers in respect of any ineome generaiion artivity. Saint Catherine's Hospice Lottery Limlted utilise5 the services of an extemal lottery manager to manaee and Pfomote our weekly lottery draw. The lottery rnana8er. Sterling Lotteries. 15 licenced and regulated by the Garnbling Commission as a Non-ReThxe aThJ Remote External Lotterv Prowder. The Hospice continuously reviews its information governance and security and continue5 to achleve the required standards forthe Data Securrty and Protection ioolkJ"t I"DSP-l in 2022-2023. as required by the NHS and the CQC. Page 4
Salnt Catherine'5 HosplceTru5t Report of the Trystees forthe ye•reAded 31 Marth 1023 5TrATEGIC REPORT Achievemènts and performa• Investmentperformonce The Chèrity has an agreed investment poliry with its investment managers based on the requirements from the portfdio.. to provide a high level of incorne and a capital buffer in case of a shortfall in fvndin8-income,' to accommodate the level of risk the Trustees are prepared to actept.. to take account of the timestale over which the investments ale emperted to be held. 8ased on ihe consideration of these fattors the investment benchmark agreed for the portfolio with the investment managers is= 36% FTSE All Share.. 36% FTSE World Excl. UK.. 13% FfA 8ritish Governmeni Fixed All Stocks," 9% 8ank ol England Base Rate 1+2%>.. 5% IPD Monthly.. and 1% Bank of En8land Base Rate l-0.5%1. This represents a strategic asset allocation of.. a target of 72% Irange 45-75%) in Equitie5 Wlth a $0150 split betweeTh UK and Overseas , taiget of 13% (range l1>35%1 in Fixed Interest.. tareet rjf 9%12.5-20%1 in Infrastruclure., tarcet of S%10- 12.5%) in Property- and a target 1% 10-20%) in Cash. This allotation maintains the H05pice'5 5-10 year horizon of medium to long-term investment with a Medium risk profile and 8alanced investment objective. The Trustees understand that over the long term thi5 agreed forniat will allow the cawtal value of the portfolio to be at least retained in real terms and will generate a £C level of income io support the hospice. The Trustees a150 understand that investments do not move in a linear fashion and the WAII be individual years. and periods perhaps in exce55 of a year. when the portfolio value may fall. However they also understand thai. based on historical returns. equrty investment is necessary rfthe value of both the capital Yalue of the fund and income 15 to maintain its purchasing power when compared with inflation. Saint Catherine's year to 31st March 2023 sèw ihe Hospice's portfolio tome Under psre as hieh inflation and sharply rising interest rate5 led to turbulent investment rnarkets. At 1st April 2022 the wrtfolio wa5 valued at £3.557m, increasing to £4.IISm at 31rt March 2023 as a result of furtherfund5 bw'ng tran5fevred into our investment5. The portfolio continue5 to be managed for long term yowth in both its capitsl value and the level of income it cèn generate. For 2023 the portfolio's total return Wa5 4.8% compared to the benthmarys -1.7%.. the three year cumulatbve return shows +23.7% compared to the benthmarvs +27.S%. In 2022-23 the Hospice received £110.332 intome from its investment portfolio. The outlook MaInS cautious in the shon-temi wth infftation prwng to be stickier than anticipated and interest rates having to remain hi8her for longer to combat this. Mafket5 believe we are nearin8 'peak' interesi rates but economic growth is already being Squeezed by higher rates and the prospect of weaker corporate earnings leads markets to retain some caution in the short-tem. Fixed Interest market5 hawe started to offer more value recently with the upward move in bond yields.. equities remain the best prospett for delivering long term capital appreciaiion and income growth but equity markets may iemain volatile in the short-tenn as investw$ erapple with a tighter monetary environment. Appretrotiort The Board aRain expresses its appreciatyon of all who work so generousty for Saint Catherine's. senior rnanagement. staff and volunteers. Their united efforts make possible the delivery of cafe io our patients at the highest level of quality and the continuingoutreach of knowledge and expertise in Sla115t palliative re to the wider con5tituenty. Mike Wilkerson. the Chsef Executive. left Saint Catherine's in January 2023 and the Board expre55ed their appreciaiion for his work. The Board wece delighted to appoint Ray Baird as Chief ExecutNe and he joined Saint Catherine's in March 2023. bringing with him huge experience in healthcare and the charity sector. Finun¢ftolp051tion The overall operating surplus for the restricted and unrestricted fund. as detailed in the financial statements described a5 'Net income" was £325.49412022 £1.24ml. A breakdown of ihe income and expenditure of the Charity and its substdiarie5 is given in the Consolidated Statement of Financial Actiwlies and as%Kiated note5. Page 5
Saint Catherine's Hosw¢e Trst Rewt of ihe Tru5tee5 for the ytsr ended 31 March 20ZJ STRATEGIC REPORT Achievernents and ptrform•Ke Finontiol positiort- Conftnued At 31 March 2023 the Group had Net Current Assets of £2.843,714 12022 - £3.049,6771 and overall Net Assets of £11.733.77312022. £11.408,2791. The Group'5 unrestritted lunds totalled £11.601,51212022- £11,263.0281 and were represented by tangible fixed assets of £4.597,80812022- £4.721.4021. investments of £4.195.36412022- £3.637,2(Kil and unresiritted net current assets of £2.808.34012022- £2.904.4261. The Group's restricted fund5 totaHed £132.261 12022 _ £145.2511 and were represented by tsngible fixed assets of £%,887 and net current a55ets of £35.374. Principulfvndin9 sources The Charity's principal furtding sources are shown in the Consolidated Statement of Financial Artivities on page IS of the finantial staternents. The main fvnding sources for the Hospice in 2022-2023 continue to be legacie5. voluntary donation5. lottery and contract income Irom the ICS. Folbwin8 the Covrfl pandemic. In 2022-2023 the retail shop5 recovered well. almost reaching pre-parem1C levels. With a creative apptoach to fundraising artivities during 2022- 2023 the Hospice also saw the income from fundraising aclivitits and swnsorship recover well. The Trustees anticipate that income generaiion in the coming year will be affected by the continued economic pressures and 8lobal crises. and will continually moniior the situation ihrough regular financial reporting and review. The TrUte$ undertake financial modelling to continue to review actions required. The delwery of the 9gard's Strategic Intent continues to include the focus on continuous Improvement to ensure the effioent and effertive use of all our resources for the benefit of our palients. families and carer5. Inve5tmentpolyond objectives The articles of association authorise the Trustees to make and hold investments using the general funds of the charity. The Board engages appropriate profe55ional ¥dCe in the thoice and movement of investments. With the approval of the Charity Commission. the Board continues to delegate responsibility for the investment porrfotio mana8ement to Investec. The Board reviewed ihe "Statement of Inve5trnent Prlnciples" Voded in accordance with the Trustee Aci 2(W, and agreed to rnaintain this 35 the organisation's atrnnt. The main investment wlicy objeciives were aimed at mainiainin8 cawal value whi15t meeting a target income figure as a minimum but also aim to build reserves if possible. The Hospice continues wilh its ethical policy of not Investing in any tobacco related equities. Reservespolicv The reserve5 pdicy b5 fnonitored and re¥iewed annually by the 6oard of Twstees. The policy on reserves was rewewed and the Trustees agreed to stay with the formula of trying to build free reSee levels back to one year's running costs after taking into account guaranteed income, whilst at the same time Ic¥)kin8 to fund organisational development. The Trustees recognise the importance of using free reserves to help ensure continuity in the event ol any large variation in ineome. any emeigency finatKial demands. bridge any cash flow problems, pay for any future projects and to help generate inctsme. The curtt level of free reserves allows the Trustees to cover ihese poiential demands. The H05pice currently has free reserves of £6.039.077, which equates to 11 months runnin8 ¢0sts for 2023-24. Going toncern The charitable company relies upon lunding from voluntary donations. legacies and funding from the IC5. whith all contain a degree of uncertainty. however the Trusiees ¢51der that the charitable company ha5 5uificient resources to continue in existence for the foreseeable future. Page 6
Int Catherine's Hospice Tryst Report 0ftheTees lorthe ye•r ended 31 March 2023 STrATEGIC REPORT Prlnclpal Sk$ and uncenalrfles The Trustees consKler th the prinupal risk5 and uncertaintie5 faced by the charttable tompany and its subsidiaries are 35 follow5.. the Hospice's reliance on the gerr05ity of the hxal communtty in providing donaiitins. fvndraising support and income and legacies. the curnent global ettsnomic crises and war in Ukraine. the recruitment and retention of nursin8 and medital profess}nal$ in the turn1 heatthcare tnwronment, and organisational support staff and ¥olunteers the maintenance of Governmeni funthng for ho$(e$ for the long-terni. and the continued irnpact of the creation the oftgoing recovery lor our shops income in 2023-2024. Plans fty fviure periods Our main objectives will remain as.. l. Maintain Saint Catherine's ca qual Commission rating as 'GooLY or 'Outstandin¢ by safely delivering to patients. carers. and farnilies an èppropriate ranee and qualtty of integrated tore se$. which are stfurtured io provide easily accessible. responsive. and scalable Ih)Ii5tK perSonntred care. 2. Deliver Saint Catherine's care and support through an integrated employee and volunteer W0¥kfor of empowered people. Attract and retaln people by ofFeriftg attrartNe salary and benefits. whi£h indudes developing and investing in people through ongoing irainine and edutation. Oller a variety of hi8h quality and flexibility opportunities for volunteers which demonstratès the unique value and poteniial for our volunteer role. 3. Maintain Saint Catherind5 Spetialisr Palliative and End of Life Care focus, which is underpinned by a culture of learning and coniintyjus improvement. togethef Wlth a stron8 research capability. Use the outcome5 of applicable research and extemal best practice to support continuous improvemen( innovation and development of the tore services provided io patients. carers. and families. 4. Utilise and develop information tech1 and efectronit record5 and system5 throughout Saint Catherine's to always ensure regul*ory compliance. ensure good quality and robust data management. and maximise the efficient and effective use C+f all resource S. MaintaiTh a sustainable level of tot expenditure for Satnt Catherine'5. throu8h a CUUre of continuou5 Improvement and wirh effective and efficient use of resources across all departments. Including developrnent of environmentally sustainable wavs of workinR. 6. Ensure Saint Catherine'5 maintains a visible proffile and a h%hly respected reputation in all the local, rwonal and national communities for whom we deliver care and 5UPPOrt. We continue to work towards demonstrati the imp4d of the work we do ènd evaluating the Integrated Palliative Care Se5. The Board of Trustets in conjunction wth the E¥ecutNe Teaffl will ensure the delivery of the Board Strate8ic Intent 2021. 2024. Fundarnentally, the Board continuousty improves seNces to eftsure the Hospice is'fii for the future, and remains on a 591id and secure financial toundation and this 11 remain the priority in 2023-2024. Page 7
Saint Cather•ne's Howte Trust Report ofthe Trustees lortht year ended JI M•r¢h 2013 5TrUCTURE. GOVERNANCE AND MANAGEMENT Governing do¢ument The Trust is a cornpany withyJl share tapital. governed by its rnermrandum and articles of association. incorporated on 7 April 1982. fteuuitment and appointmert of newtrust• The appointrnent and election of Trustees a 8ovemed by the artKles of association. Under those article5 one third of the Trustees are subject to retirement at tath annual general meeting and are elieible for -electIOn. This year Debbie We5tmoreland wa5 reolected to the 8oard. Sue Standard- 5heèder and Malcolm Chell retired as Trustees and Saint Catherine's thanked thern both for their long service and dedieatiom to the Hospice. Subsequentlv both Sue and Malcolm agreeed to femain as Trustees and were reapwinted. New Trustees art ellble for elettion bv recornrnendation of the existing Trustees or by written nlce from a member. Sharon Uipperton was appointed 27th February 2023. Or8anlsatlonal stnKiure The or8aThisational structure of the Trust is made up of an E¥ecvtwe Cvrnmittee, known as the Board of Trustees. of up to fifteen TfUStee5 who are recruited from the vrider body of members of the Trust which currently number 31. All Board members are elected for a perTrod of three years after which time thry can put their name forw¥d for re-elertion at the AGM if they $0 wish. The total number of years that a Trustee can normally ser¥e is nine years. Saint Cathersne's Hospice Trust has two wtholty owned trzding 5ub5idhiries. Scarbortsugh Hospice sales Limited and Saint Catherine's Hospice Lottery Umiied. IK¢th incorporated in England and Wal. The directors of the subsidiaries are also Trustees of tht charity. De¢ision makin¥ The Board of Trustees. whith 15 attended by the Board rnernbtrs and the Chief Executive. Clinical Services Oirertor, Medical )irector. Finance Director. and Quality and Safety Lead. meet every two monihs. lThductlon and training of newtrustee5 A Role Description and Person Spetifieation for the role of Trustee has been drawn up and all Trustees are required to Sign up to a Trustee code of conduct. an eli8ibility Statement declarin8 they are a fit and proper person to undertake the role of a trustee and a separate confidentiality statement. Additionally. Trustee5 are DBS checked and checks are made at Companies House to ensure Trustees are noi dISqalIfied as being Directors. New Trustees will be invited to spend a day at the Htsspice io see all the facilities and meet staff and will be provided with guidance on the role5 and responsibilities of Hospice Trustee5 Using 8uid•nce produced nationalty by HOSpiuK and the Charity Commission. In addition to the 8oavd meeting5 the Trustees take part in a• annual away day with senior staff and are invited to attend other inlomiètion events such as the volunteers forum. The Board also undertake regulai •nnounced Visits. Senior fflanatemtnt r*muneAiion The remunerèiion of the Sen1 manaÉement team is re¥iewed as rewired by the Board of Trustee5 in line with staff pay review5. Relationsh The Hospice continues to encourage its senior personnel to pèrtiopate in the attivities of the various professional organisations available to them. Each of the mu14•scIplinary funrtions meets with its peers in other Hospices across Yorkshire and the Humber. which includes CEO Forums and Executive Clinical Leads in Htsspice and Palliative Care Forum. Palliaii¥e and EOL North Yorkshire and York locality rneeting, Regional Strategic Clinical Leads Meetin8. National Regional ainical Leads Meetine IC5 Board meeting and CM)munrtyCollaboratb¥e Bgard Meetin8 The work of the Palliative artd End of life co ainical Nth¢yK HospKeUK and the Forum of Hospice Chaivperstsns at both regional and national level. is supported. Saint Catherine's continues it5 membership of and engagment with a tdlaboratwe for ihe 7 hospices acr055 the Humber and North Yorkshire Heakh and Care Partnership. Page 8
S•lnt Catherlne's Hgspieeynst Repwt ofthe Twsiee5 tor the year ended 31 Marth 2023 STIIUCTURE. GOVERNANCE AND MANAGEMEIIT Governing document The Clinical Director also holds the role of Clinical Lead for Strategic Oinical Nets¥ork for Palliatr¥e End of Life for the North East and Yorkshire. Re8ular contact and liaison is maintained both with the wrtha5er5 and fellow providers of health care in the retion (oVed by the Hospice. and we remain committed to a slV ofcollaboration. cooperation. and partnership. Related parties None of the Trustees receive remuneration or any other benefrt from the thaiity. The Trustees are required to Submit annual related party forms to the charity detailing their family eonnertions and external business inte$ts. The charity's wholly owned subsidiaries. Scarborough Hospice Sales Limited and Saint Catherrne's Hospice Lottery mited trade on behalf of the tharity. The resuhs of the individual subsidiaries are detailed in note 13 to the financial staternents. The financial statements consolidate the $Its of the charitable tompany and both subsidiaries. Risk manogement The Trustees acknowled8e their sponSIbl1Y th idenl1"nZ major risks to which ihe Hospice may be exposed and have forrnal process of risk mana8efflent. The Board Risk Register is re¥iewed at each Board rneelin8. The major risks to which the tharity is exposed. as idents.fied by the Trustees. have been re¥iewed through the day to day Executive Team activities. and systems have been estsblished to mr¢i8ate ihose risks. The risk identification protess for non financial risk is undertaken initially by the Chief Executive in conjunction with the profe5sion31 managers of the ExecutNe Team. As areas of risk are identified. they are reviewed initially by the Executive Team. and may then be rplerred to the Board through fournlghtly updates from the CEO for conshleraiion. or directly to a eoard Meeting. A detlsion on appropriate attion will then be made byTrnstees. In respe of financial risk. the trustees identify major risk through con5ideraugn at the Board which 15 èttended bv trustees who inelude some who are either prolessionalfy qualified in finance or experienced in handling hnanci31 matters as part of their professions_ Data protection has been confirmed by the successful compleiion C*f NHS Data and Security Prevention Toolkit. The 8oard and senior management regularly review the organisations safeguardin& health and safety. and risk management pollcies. procedures. systems and pr¢xesses. Page 9
S•int Catherine's HospktTru5t Report of ihe Trustees forthe yearendtd 31 Marth 2023 REFERENCÉ ANO AOMINISTPATIVE oAn$ Registered Cornpany number 1627610 IEn8land and Walesl Re1•T• Ch•rlty number 284701 Reilstered offi¢e Throxenby Lane Scarborough North Yorkshire Y012 5RE Trustees M Middlebrook (Chairl J Stevenson (Deputy Chairl S Bumett M Chell L Holbrook D Lumb Sjmudd S Standard-sheader O Westmoreland S Clipperttsft - resigned 24 May 2022 - appointed 23 May 2022 - l£ned 26 August 2023 - appjinted 27 February 2023 Cornwysecretary R 8aird - appointed 06 Marth 2023 Exe¢uil¥e Te•m R 8aird (Chief Executi¥el M Wilkerson Ichief Executivtl H Anderson M Muir S Callin - appointed C6 March 2023 - resigned 17 February 2023 - appoirtied 28 November 2022. resigned 27 February 2023 Auditors In8ham & Co. Chartered Accountants sraiyiory Audiior George Stanley House 2 West Parade Road Scarborough North Yofk5hire Y012 SED Bankers HSBC Bank PLC 33 St Nicholas Street Scarborough YOII 2HN $014¢itors Thorpe & Co. 3 8a8dale Whitby Y021 IQL Page 10
Soint Catherine's HospiceTrus¢ Report Of the Trusttes forthe year ended 31 Marth 2023 AEFEREf4CE ANO AOMINISTRATIVE DETAILS Invtstmtnt advisers lfiveste 2 Gresham Street Londo EC2V 7QN sTATEMETr OF TRUSTEES. RESPONSl8iimES The trustees (who are also the directors of Saint Catherine's Hoskce Trust for the purposes of company lawl are responsible for pr?parin8 the Report of the Trustees and the financial statement5 in accordarKe with applicable law and United Kingdom Accountsng Standards Iunited ngdoM Generally Accepwl Accoun11 Praaicel. Company law requires the trustees to prepare financial Statements lor eath financial year which give a trve and fair view of the state of affairs of the tharitable company and of the incoming resources and application ol resources, including the intome and expendtlure. of the charitable cgmpany for that peric4J. In preparing th05e finantial statements. the trustees are required to select 5Ultable accounting policies and then apply ihem consistentty- observe the methods and principles in the Charity SORP.. make judgements and estimaies that are reasonable and prudent- state whethef applicable accounting Standards have been fdlowed. subj'trt to any material departures disclosed and explained irt the financial statements.. prepare the fin3ncial staternents on the rorKem basis unless Ir is inappropriate to presume that the charitable company wll continue in business. The trustees are responsible for keeping adequate accounting records which di5c105e with reasonable accurary at any time the financial position of the charitable tompany and to enable them to ensure that the fbnancial statements comply with ihe Companies Act 2006. They are 3150 re5pon5ible for safeguarding the assets of the charitable company and hence for taklng reasonable steps for the prevention and detertion of fraud and otrr firularles. In so far 85 the trustees are aware: there is no relevant audit infoimaiion of which the charitable company's auditor5 are unaware.. and the trustees have iaken all steps that ihey ought to have taken to make themsefve5 aware ol any relevani •udit information and to establish iharthe audr(ors a a¥nre of that information. AUDITORS The auditors. In8ham & Co.. will be proposed for rtrappointment at the forthcomlng Annual General Meeting. The Report of the trustees. which incorporates a strateyc report. was approved by order of the board of trustees. as the company diiettors, on 18 September 2023 and s¥ned on the board's behalf bv: M Middlebrook Chairman of Trustees Page 11
Report of thè Indèpendent Auditors to the Membets Of Saint Catherlne's Hospice Tntst lJpini¢Jn We have audited the financial statements of Saint Catherine's Hospice Trust (the 'tharitable parent company'l and its 5ub5idiarie5 (the 'group'l for the year ended 31 March 2023 which comprise the consolidated statement of Financial Activilies. the cgnsolidated and charitable parent company Balance Sheet5. the consolidated Cash Flow Stètement and note5 to the financial statements. induding a summary of si8ntfieant accounting policies. The financial reporting framework that has been applied in their preparaiion is applicable law and United Kingdom Accounting Standards. includin8 FRS 102 "The Financial Rewtsne Standard applicable in the UK and Republic of Ireland. IUAiteil Kingdom Generally Accepted Accounttng Practice). In our opinion the finan¢ial st•tements: glve a true and fair view ol the stale of the group and charitable parent company's affairs as at 31 March 2023 and. of its incoming resource5 and application of resourtes. including its income and expenditure. for the year then ended.. have been properly prepared in accordance wilh United Kingdom Generally Accepted Accounting Practice.. and have been pared in accordance with the requirements of the Companies Act 26. Ba515 loropini¢>n We conducted our audit in attoidance with Intem*ional stsndards on Auditin8 IUKI IISAS IVKII and applicable law. Chjr responsibilities under those standards are further described in the Auditors responsibilities for the audit of the finanaal Statements section of our report. We are independent of the group and charttable parertt company in accordance wilh Ihe ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulled our other ethical re5pr>nsibilrties in accordance these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate io pro¥ide a basis for our opinion. Conclu$ion$ r¢laiinB io 8oirfMncern In avdiiing the financial statements. we have concluded that the trustee5' Use of the going concern basis ol accountin in the preparation of the financial Matements is appropriate. eased on the work we have performed. we have not identified any Material uncertainties relatin8 to event5 or tonditions that. individually or collectively. may cost significant doubt on the group and parent charitable company's ability to continue as 3 80ing concern for a period of at least twelve months from when the financial statemenis are authorised for issue. Our re5pon5ibilitie5 and tht rtsptsnybilities of the twstees vAth fespett to going corKern are described in the relevant sections of this report. Other Inlormatbon The trustees are responSie for the other information. The other information Comprises ihe infomiation included in the annual report. otherthaTh the financial statementsznd our Report of the Independent Auditors thereon_ Our opinion on the financial statements does not cover the other infomiation and. except to the extent otherwise explicitly stated in our report. we dD not express any form of assurance corKlusion thereon. In connertion with our audit of the financial statements. our responsibility 15 to read the other information and, in doing so. ¢ohsider whether the other ifiloimaiion is materially Inconslstent with the financial statements or our knowledge obtained in the audit or otherwise appeats to be maierially misstated. If we identify Such material inconsistencies or apparent material misstatements. we are required to ermINe whether there is a material misstatement in the financial Statements or a material rnisstatement of the other informabon_ If. based on the work we have performed, we conclude that there is a material misstatement of this other Informat. we are reqvired to report that faet. We have noihing to ieport in this regard. Opinions on other mattels presuibed by the Cornpanies Art 2006 In gur opinion. based on the work uThdertaken in the course of the audit.. the information given in the Report of the Trustees (incorporating the 5trategit report and the report of the directorsl for ihe financial year for which ihe finamal statements are prepared 15 consi5teTht wrth the finantial statement5', and the Report of the Trustees has been prepared in accordance with applic4ble leyl requirements. Page 12
Rtport of the Independent Audito to ihe Members of Saint Catherine'5 No1£e Trust Matters on which we are required io report by eM¢eptlon In the light of the knowledge and understanding of the ertyjp and parent tharitable company and its environrnent obtained in the course of the audit. we have not identified material mi5Statements in the Report of the Trusteek We have nothing to report in rspett of the followin8 matters ¥¥here the Companies Act 2CJ6 requires us to report to vou if, in our opinion.. adequate accounting records have not been kept or returrfj adewate for our awlit have not been received Irom branches not wsited by u5.. or the parent charitable compan(s financial staiements are not in agreement wrth the accounting records and returns- certain disclosures of trusiees. remuneration 5pe(ified by law are not made.. or we have not receNed all the information and explanatior15we require for our alIt. Aesponslbllhles of Iruxees As explained more fully in the Statement of Trustees Responsibilities. the trustees Iwho are also the direcrors of the tharitable parent company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a irue and fair view. and for such internal control as the trustees determine is necessary to enable Ihe preparation ol hancial statements that are free frorn material misstatement. whether due to fraud or error. lft preparin8 the financial statements. the trustees are re5p)n5ibk for as5es5in8 the Bfoup's and charitable parent company's ability to continue as a $8 concern. disclosin& as applicable. matter5 related to going concern and using the going concern basis of accounting unless the trustees either intend tL) liquidate the charitsble company or to cease operations. or have no realistic alternative to do so. Auditor's reSpOnslI11t1es for the audit ol the fin•n<i•l smernents We have been appointed auditor underthe Companies Att 2W6 and rert in accordance with this Art. Our gbjectives are to obtain reasonable a5surante ats0 whether the finanoal statements as a whole are free from material misstatement. whether due to fraud or error. and to issue a Report of the Independent Auditors that irbcludes our opivion. Reasonable assurance is a high level of assurance. but 15 not a Euarantee that an audit conilutted in accordance with ISAS IUKI will always detea a material misstatement when it exists. Misstatements tèn arise from fraud or error and are considered material if. Individual or in the a8greEate. they could reawnabty be expected to influentt the economic decisions of users taken on the ba515 of these financial statements. Irre8ularitie5. including fraud. are instances of non<ornpliance with IM and fegulaiions. We design procedures in line with our SponSIbl11t1e$. ouilined above. to detect material mi5taternents in respect of irregularities. ClUdIng frnud. The extent to which our gro¢edures are CaPae of detecting irregularitie5. including fraud is detailed below. Our approach to identifying and assessin8 the risks of material mi5Statem?nt in respect of irregularities. including fraud and non-compliance with law5 and regulations. was as follows.. the engagement partner ensured that the engagernent team ¢ollecti¥ely had the appropriate competence, capabilities and skills to ideniify or ognise n¢)n-compliance wth applicabk laws and regulations. we ideniified the laws and regulations applicable to the charitable parent company and its subsidiaries throu8h distussi¢)ns with trustees and other management. and from our comrnercial knowledge and experience of the charitable 5ector- we focused on specific law5 and regulations which we considered may have a dirert rnaterial effect on the financial statements of the operations of the charitable parent tompany and its subsidiaries. includin8 the Companies Att 2006. the Charities Att 2011, iaxation legislation. data protection. employment. environmental and htalth and fety legislation and Care Quality Comrni55ion regulations. we assessed the extent of cornpliance with the laws and ieKulations identified above through making enquirie5 of managemeni. inspettin£ le8al correspondence and inspecting Minute5 of Trustee meetings and leadership Group meetin85,' and identified laws and reBulations were commLtnicaled wff<hin the audit team re8ularly and the team remained alert to ifistantes of non-tornpliance throughout the audif. PaKe 13
Report olthe Independent Audilo
to ihe Membtrsof S•intCatherJne's Hosp•¢* Trust
We assessed the susceptibility of the ¢haritable Partt compan(s financial statement5 to material misstatement,
including obtaining an undefstanding of h¢)w fraud might occur. by..
making enquirie5 of management as to where they considered there was SU$PtIb1hty to fraud. their knowledge of
actual, suspected and alleged fraud,. and
considering the iniernal coniToIs in place to mitigate risks of fraud and non
Salnt Catherlne's Ho$plceTnI Consolidated Staternent ol Financial Activitlts lincorpor•t1 • a11d¥ttd Income and Expendltsre Account) for the ytar LMded 31 Marth 2023 Unrestricted hjnds Ae5tricted funds Total funds 2023 Total funds 2022 Note Income from: Donatlon$ and lega¢les Le8acies Donations General trusts and foundations Fundraising donations and sponsorship Grants recewetl 1.609.610 344.261 81.602 217,9ZO 99.205 1,708.815 344.761 110.885 217.920 820.252 367.885 135.496 211.102 55.942 29.283 Charltable artlvities Funding from Clinical Commissioning GfOUPS Education course income Grant5 received I.S65.331 11.333 422.631 1.987.962 11.333 2.127.195 14,199 716.395 Other tradir¥ artlvltles Fundraising events Charity 5hop5 and sales ol other g¢)ods Room hire Support 5ervice5 Lottery and prize draw5 196.549 1.141.952 196,549 1.141.952 126.499 960,264 2.508 25,390 366.623 27.817 342.301 27,817 342.301 IrtTftStments 126.797 126,797 99,405 Other incon Gains on disposal of fixed assets 427 427 1,223 Total Income 5.665.9C SSI.619 6,217.519 6.030.378 EXpendIre •n: Ralslng lunds Donations and le8aciÈs Other trading activities Lottery and prize draws Investmeni manaeement Costs 280.% 1.097.732 208.768 26.744 280,509 1,097,732 208,768 26.744 237.944 917.730 204.046 25.054 Charltsble a(li¥itie5 3.430.435 $64.6C8 3.995.lJ44 3,499.963 Total E¥pendltu Net Incomellexpenditurel before oth•r re¢ynlsed yins 5.044.188 S64,609 5.608.797 4.884.737 621.712 I12.) E4)8.722 1,145.641 Nei Ilossesll8ains on in¥esiment5 'Nel IncomellExpendlturt} 1283.228 1283.2281 9B.379 338.484 I12.) 325.494 1.244.020 Total funds brought forward 11.263.028 145.251 11.408.279 10,164,259 Total funds Carried fotward 11.601.512 132.261 11.733.773 11,408.279 Continuing operati¢>ns All incorne and expenditure has arisen from Continuine artryitie> The Consolidated Statement of Financial Activities indudes all gains and 105ses retognised in the year. A detailed Consolidated Staternent ol Financial Activilie5 for the tomparative year ended 31 March 2022 is disclosed in note 10 to the financial statements. Pa8e 15
Salnt Cathethe's Hgspke Tn BalarKe 5hertsa$ at 31 Mardb 2023 GrtyJp Charity 2023 2022 2023 2022 Note Fixed assets Tangible fixed assets Investments 12 13 4.694.695 4.195.364 4.721,402 3.637.21Kl 4.693.771 4.195,371 4.720.274 3,637,207 8.890.059 8.358.602 8.889.142 8.3S7.481 Current 355ets Stocks Debtors Cash at bank and in hand 13.544 1.369.518 2.Crf)4.983 18.702 1.571.$07 2.081.238 17.499 1.455.133 I.B50.959 14.566 1,703,203 1.880,955 Is 3.398.045 3.671.447 3.323.591 3.598,724 Credltors: amounis fall1 due wlthln year 16 1554.3311 1621,rn1 1480,9771 1549.9431 Netcurrent as5*ts 2.843.714 3.049.677 2,842,614 3.048,781 Total net assèts 11.733.773 11.408.279 11,731,756 11.406,262 The funds ofthe rharlty: Unrestricted funds Restrirted in¢¢)me funds 17 11.601.512 17 132.261 11.263.028 145.251 11.599.495 132.261 11,261,011 145.251 Totsl ¢h¥r1tyfwS 11.733.773 11.408.279 11,731.7S6 11.406,262 The financial statements were approved ènd authorBed for tssue by the 9oard of Trustees on 18 September 2023 and were signed on its behalf bv.. M Middlebrook tevenson Pa8e 16
Saknt Catherine's trlospic¢Tn•51 Consdldatsd Statement ofash for tht ar ended ai M1 2023 Note 2023 2022 Cash flows from operating adlvltles". Net cash Pfovided by/lused inl opefati artivities 804.843 Cash flows from In11£ actr¥itres: Dividend5. interest and rent5 from investments Purchase of property, plant and equipment Proceeds from the sale of investments Proceed5 from the sale of taneible fixed assets Purchase of investments 126.797 1157.8931 599.205 427 11.440.597) 99.405 132,9LM)I 1.156.481 1,222 12.206.0591 1872.0611 1981.8511 Ch•n¢e In cash and fash equl¥•lents in the report1 pwlod 176.2551 1177.0081 Cash and cash equivalents at the be8innine of the reporting period 2,081.238 2,258.246 Cash and tash equivalents at the end ofth¢ rtporiinl perlod 2,CIM.983 2.081.238 Notes to the ¢onsolidated ststemeni d cash Ilows lal Reconcillatlon of net incomellexpendlrÈ) io cash flow Irom operating artivities 2023 2022 Nei Incomellexpendtfvrel for the reportiw peri¢xl 325.494 1,244.020 Adjustments for. Depreciation ¢harges IGainslllosses on investmertts IGainslllosses on dispDSal of fixed assets lTrterest received Oiwdends received Rents frorn investment IlTrcreasel/decrease in stocks Ilncreaselldecrease in debtors Increa5elldecreasel in creditors 184,6(X) 283.228 14271 183,123 198.3791 11,2231 1461 188.3701 110.9891 4.555 1660.4241 232.576 1110.3321 111.3651 14.8421 201.989 167.4391 Net cash provided byl{used ITh) operatin¢ a¢tl¥itS 795,806 804,843 Ibl Analyslsof $h and cash equl¥alents 2023 2022 Cash ai bank and in hand 2,1.983 2.081.238 2.CQ4,983 2,08L.238 Page 17
$4ntCatherwie's Hwl¢e Trnsl Not to the finaKial stateffl f¢the yarended 31 Marth 1023 ACCOU14TING POLICIE5 Basis of Prepari ihe flnandal statements The financial statements have been prepa¥ed in accordance wrth the Charities SOAP IFR$ 1021 'Accounting and Reportin8 by Charities.. Statement of Recommended Practice applicable to charities prepèring their accounts in accordance with the Financial Reporting stsndard apiCable in the UK and Republic gf Ireland IFRS 1021 leffective I January 20191.. Financial Reporting Standard 102 The Financial Reportin8 Standard applicable in the UK and Republic of Ireland. and the Companies Act 2¢XJ6. Saint Catherine's Hospice Trust meets the definition of a public benefit erntity under FRS 102. Assets and liabilities are initially Cognised at historic cost or transaction value unless Otherwise stated in the relevant accounting p(dicles. The presentaiion currency of the financial statements is the Pound Srling (£1. In¢ome l income is recognised in the Statement ol Finantial AdItieS once the charitable company has entitlement to the funds. it is probable that the income will be receNed and the amount cart be measured reliably. For legacies. the tharitable cornpany is considered to be entitled io the funds. when it is aware of the existance of 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 a55et5 in the estate and any conditions attached to the le8acry are in ¢ontrol or met by the charitable company. A legacy is measurable when it can be mea5ur2d or estirnattd with suffitient reliabilrtv. Gifts in kind are recognised at the eslimated market vaKJe of the gift when it Is received. with the exception of donated goods for resale. which are not recogni5ed until they have been sold. Income frorn events and fundraisi are rttO8nised ¥hfi the event takes place. Income from the Health Authority. Govemment and other grants. whether a Capital or revenue 8rant. are recognised when the charitable company has entitlement to the funds. any performance conditions attached to the 8raAts have been mèt. it is PrObae thai the income will be received and the amount tèn be measured Income is deferred where it is received in advarKe to be expended in the following period or it relates to a future fundraising event. Investment income is included when reteivablt and the amount can be measured lIablY. Resources expended All expendilure is included within the Statement of Finanoal AttNities on an accn*ls ba515 inclusive of any VAT that cannot be recovered. Expenditure has been allocated to a particular activity where costs relate directly to that activity. Where it is nece55ary to alkKate tosts between attiwties. the twstees use their best judgement and estimatesto lairly allocate the costs. Éxpenditure on raising fvnds comprises fund-raisin¢ costs ificur in seekn.ng voluntary contributions. shop expenses and investment management advice. Expenditure ¢hor?table aaivities comprises those costs irred by the charitable company in the delivery of its activities and 5er¥ices for its benefficiaries. It includes both costs ihat can by allocated directly to such activities and those costs of an indirect nature necessary to support thern. Pa8e 18
Salnl Catherine's Hospic•Tnist Note5 to ihe finla1 stsiements forthe year ended 31 March 2023 ACCOUNnNG pou5. tonilNJe Tangible fijred ass•ts Fixed assets are stated at Cgst. Depreciation is provided at the followin8 annual rates in order to write off each a55et over its estimated vsefvl economic life.. Freehold buildings Fixture5. littiThg5 and equipmeNt Motor vehides - 2% Siraight li 2(PA Straight line - 2A Straight line No depreaation 15 charged on freehold land_ The charity capitalisation threshold for tangible fixed assets is £1,500. lftvestments All investment5 (other than invesiments rn subsidiaries) are forms of basic financial instrumeni and are stated at marker value at the balance sheet date. All 8ains and k)sses are reflected through the Statement of Financial AciNities_ Investments in subsidiaries are induded at Cost and the Trustees review the carrying value annually for indications of impairment. 5to¢ks Stock5 are Valued at the lower of cost afid realtsable value. after making due allowance for obsolete and tsW moving items. Donated iterns for resale ale hot induded in the financial statements until they are 501d. 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 of any trade discounts due. Attrued income and tax recoverable is included at the besi estimate of the arnounts receNable at the balarnce sheet date. Credilofs Creditors a recognised where the charity has a present obli8ation re5ultin8 from a past event that will probably result in the transfer of funds to a third party and the arnount due to settle the obligation can be measured or estimated rdiabfy. Creditors •re rtomally reco8nised at their settlement amount after allowing for any trade discounts due. Fund auounting Unrestrirted fund5 can be used in accordance with the charttable objective at the discretion of the trustees. Restricted fund5 can only be used for particular restriaed purposes within the objects of the tharitèble compan¥. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Pension cost and other Pt-IreMent benefits The charitable company operates two defined contribution schemes. The charitable company also makes contribution5 to ihe NHS Pension Stheme which is an unfunded defined benefit scheme. The charitable company is unable to identify its share of the underlying assets and liabilities of the NHS scheme and therefore the scheme is accounted for as if it was a defined contribution scherne_ Conttibulions payable ro all schemes are charged to the Statement of Financial Artrvities in the perd to which they relate. Subsidiaries The charitable company has two wholty owrted subsidiaries. Scarborough TrlospKe Sales Limited and Saint Catherine's Hospice Lottery Limired. both of which are incorporated in Englènd. Both companies are obliged under their constitution5 to apply their profils towards the promotion and carrying out ol the object5 of the charitable company. A summary of the trading result5 of bDth subsidiaries in contained in the notes to the financial 5tatement5. These fin3ncial statements consolidate the resu5 of the charrtable cornpany and both subsidiaries. Pa8e 19
Salnt Catherine's HospkeTIii Nott5 tothe fatal Slemrt tor the year ended 31 Marth 2023 ACCOUNTING POLiaES. tontsnued Taxation The charitable company is exempt from tax on its charitable acttvities. Group financial statements The financial staiemeftts consolidate the results of charity and its wholly ovmed subsidiarie5 on a line by line ba51S. A separate Statement of Financial AttNilies. Intluding the income and expenditure account. for the charrty itself is not presented because the tharity has taken a¢fvanta8e of the exemptions offered by settion 408 of the Companies Act 2)6. The sumrnary financial performance of the tharity alone is diselosed in note 14 of the financial siatements. Volunteers No amounts are induded in the financial staterrthts for services donated by volunteers. Oper•tinÉ lea5ts Operating lease rentals are included in the Statement of Finanaal Attivities in the period to which they relate. Financial instrumerts The Charitable eompany onty enters into basi¢ financial instrnments th4t restslt in the recognition of financial assets and liabilities such 35 trade debtors, other debtors and creditors. Debt instruments that are payable or receivable within one year. are measured at the undiscounted amount of Cash or oiher consideration expetted to be or received. Gglni wncem The charitable company rneet5 it5 daily working capital requifements frorn tts bank accounts. whith èl 31 March 2023 wefe in excess of £1.850.C£¥J. The charitable company relies upon fundin8 from voluntary donation5. leBacies and funding from clinical comrni5sioning groups. which all contain a degree of uncertainty. However. the charitable company has a lavourable fundraisine history and gNen the level of free re5er¥e5 at the year end, the Trustees consider that the charitable company has sufficient resources to continue in existence ftsr the foreseeable future. Consequently the financial Matemenis have been prepared on a goin& concern basi5. ludgennts and key sourcesof eslbmatx)n uncertalnty In preparing the financial statements, managernent is requi to make estimates and assurnptiorts which alfect reported incorne, expense5, assets. liabilities and disclosure of contingent assets and liabilities. Use of available information and applicattoTh of judgement are inherent in the formation of estimates, together with past experience and expectation5 of future e¥ents that are believed to be reasonable under the circumstances. Artual results in the future could differ from such estimates. Criti¢al judgements In applylnt the companrfs poli<ies The trustees do not consider that there are significant judgements which have had to be made in preparing these financial statements. Crilical a¢¢ountingertimes and •ssumption5 The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated Lrseful lives and residual values of the assets. The assumptions used regarding uselul economic live5 and residual values are a55e55ed annual. They are amended when netessaryto reflett curyent estimates based on market Conditions and physical condrtions of the assets. Legacies are recognised as income when probate has been granted. fhe charitable company has established that it is entiiled to the funds and the charity ha5 sufficieni informarion with which to estimate reliably the amount receivable. Pa8e 20
Ilnt Catherlne'$ 110spl¢e Trust Notes tothe fKwKial statements forthe yearended 31 Marth 2023 LEGAL STATU5 OFThE CHARITY The charity is a company limited by guarantee and has no share (apital. In the event of the charity bel wound up. the liability in re5PECt of the guaranteo is limited to £1 per member of the charity. 14ET INCOME 2023 2022 Net income is stated after chaf8inyJlcreditingl'. Operating lease rentals- Land. buildings and equipment DeprlatIOn ol tangible fixed assets Profitlllossl on disposal of fixed assets 163,079 184.6CKI 427 149,277 183,123 1,223 GRANT INCOME 2023 2022 COVID-19 grants.. National Health Ser¥ice England emergency hospice grant funding Coronavirus job retention scheme Coronavirus sick pay scheme Coronavirus retail grants Other grants 716.395 20,885 1,720 33.337 772.337 Allccated to.. Donations and le8aaes Charitable activities 55.942 716.395 772.337 INCOMÉ FROM INVESTMEPITS 2023 2022 Bank interest Dividends Rental income 5.1(Y) 110,332 11,365 88,370 10.989 126,797 99,405 Page 21
Salnt Catheth's H05pice Trnst Nott5 tothe ffinanciai statements forthe vearended 31 Marth 2023 ANALYSIS OF EXPENDITURE Dirert tosts Supwrt costs (note 71 2023 2022 Costs of ralslni funds Dortaiions and legacies oiher trading actNlties lottery and prize draw5 Investment management tosts 214.102 937.119 208.768 20.413 66.407 160.613 280,$09 1.097,732 208,768 26,744 237,944 917,730 204,046 25,054 6.331 Cha¢itable athilies Inpatiertt unit Clinics & therapv Community Care Bereavement support services Education 1.972.3 221.633 676.914 214.186 34.763 611.774 68.744 117,424 66,434 10,782 2.584.164 290,377 794,338 280,620 45,545 2.095.694 241,486 892,503 226,995 43,285 4.5.288 1.108,S09 5.608.797 4.884,737 ANALYSIS OF SUPPORT COSTS 2023 2022 Salarie5 Premises Consumables Maintenance Professional fees Depreciation Training Governance Transport Sundry expenses 463.725 97.901 129.936 74.203 110.264 165,761 23,258 29.864 11.507 2,090 408,196 93,821 83.399 57.940 65.241 167.754 15.148 27.701 6.669 628 Total 5UPPOrt costs 1.108,%)9 926.497 All support costs and governance costs are apportioned between the varitsu5 actryities in accordance wlth the levels of the direct costs. This method of app)rnonmeni represents a reasonable approximation of ihe usa8e of support Costs and 8overnante tost by each auivrty. Allocated to= Expenditure on fvnds {note 61: C05t5 of 8eneratln8 donations and le8a(S Other trading auivities Investments 66.407 160.613 6.331 56.371 123.114 5.934 Expendire on rhawitable Kli¥ilies Inote 61.. Inpatient unit cl1£5 & therapv Community Ca Bereavemeni support services Education 611.774 68,744 117,424 66,434 10.782 496.471 57.208 123.370 53.775 10.254 1,108.509 926,497 Page 22
Salnt Catherfne'$ 110spfj¢eTru51 Notes to th• finan¢thl st*ements for the ye¥ended 31 Marth 2023 PENSION COSTS The trust operates two defined contribution pension schemes. the assets of whith are held separately from those of the trust in independently administered funds. In addition. the trust a150 makes contributions to ihe NHS Pension Scheme. which is an vnfunded defined benefit scheme. As the irust is unable to identify its share of the Underlftg assets and liabilities of the NHS Pension Scheme. this is also accounted for as a defiTred contribution scheme. Each rnember of the xheme pays a common contribution rate a5 set by the Government. The pension costs charge for the yeaf represents contributions payable by the trust to the schemes. 2023 2022 Defined c¢)ntribution schemes NHS Pension Scheme 84.344 137,791 84,9 113,435 222.135 198.430 Pension contributions amounting to £12.89912022 - £12,3431 We payable to defined contribution schemes and £22.33812022 - £17,333> were payable to the NHS Pension Scherne at the year end. These amounts are included in creditors. STAFF COSTS AND NUM8ERS 2023 2022 Wages and salaries Social Security costs Pension costs 3.480,339 319,641 220,315 3.134.128 272.863 198.430 4.020,295 3,605.421 The trustees do not receive any emduments and are not reimbursed for any expenses inturred. The key maTha&ement personnel of the trust and the group is the Executtve Team. which cornprises the Chief Execulwe. thè Income and 8usbness 5er¥ices Director. the Finance and Corporate Services Direttor. the Medical Direttor and the Clinical Service5 Dirertor_ The total employee benefits of the key management personnel was £394.82812022 £366.4311. The total amount of terniination payments recognised as expendrture in the Consolidated Staiement of Financial Activities for the year was £Nil12022- £NIll. These relate to redundancy payments. payments in lieu of notice and ex-gratia payments. The number of employees whose total empl¢)yee benefits, excluding penOn contributions. wert over £60,0, were as follows.. 2023 2022 No. £60,CMJ) to £70.1)XI £70.CXJ) to £80.¢M¥ £80.(W)O to £90.000 £.C to £ILW).C The average rnonthly head tount of employees. analvsed by [unrtn. wa5.. Patient care A Thcillary staff Shop staff Administrative staff 83 26 28 20 82 28 25 20 157 155 Page 23
Sainl Cath*ine's H05plte Trust Noies to the fin•¢ial ststements fortheyear tnded 31 Marth 2023 10. CONSOLIDATED STATEMENT OF FINANCIAL ACTIVIrnS PRIOR YEAR COMPARATIVÉS FOR THE YEAR ENDED 31 MARCH 1022 Unrestrthd funds Restriaed fvnds Total funds 2022 Incorne and endowrnents from: Donations and lega(le5 Legacies Donation5 General trust5 and foundations Fundraising donations and sponsorship Grants received 820.Z52 366.885 87.966 211.102 55.942 820,252 367.885 135.496 211.102 55,942 I,CM)O 47.530 Charbtable acti¥itles Funding frorn Clinical commis5ionin8 Groups Education course income Grants received L557.206 14.199 569.989 2.127,195 14,199 716,395 716,395 0thertradI adl¥ltits Fundraisin8 events Charity shops and sales of other goods Room hire Support services Lottery and prize draws 126.499 960,264 126.499 960,264 2.508 25,390 366,623 25.390 366.623 In¥•stments 99.40S Gain on disposal of fixed assers 1.223 1,223 Total Income 4.695.464 1.334.914 6.030.378 Expendilwe on: Raisin¥ fund5 Donations and legacies Other trading activities Lottery and prize draws Investment manager's costs 237.944 917.730 204.046 2S.054 237.944 917.730 204,046 25,054 Charltable arti¥ities 2,19S.897 1.304. 3.499.963 Total Expendiiure Net lrtc4mellexpendlwrel belore ffjher recognised gains 3.580.671 1.304,Cfj6 4,884.737 1,114,793" 30.848 1.145.641 Nrt ¢alns on Investments 98.379 98.379 Net Expenditure 1.213.172 30,848 1.244.020 Total funds brought fonAtard 10.049,856 114,403 10.164.259 Total lunds ¢affled fOd 11.263,028 145,2SI 11,408,279 Page 24
S•SntCherlne's HOW Trust Noies to the financSal statements for the year ended 31 Marth 2023 11. OPERATING iEASE5 Minimum lease payments under non-cancellable operating lease5 fall due as folltsws.. Group Charity 2023 2022 2023 2022 Within one year Within N0 to five years Iher live years 86,625 109,750 28,(K 95.238 IS6.119 44.¢XJO 86,625 109,750 28.0 95.238 156.119 224.375 295.357 224,375 295,357 12. TANGIBLE FIXÉD ASSETS- GROUP Fieehold land & buildings Fixtures, fittin8s & equipment Motor vehicles Total As èt l April 2022 Additions Dlsposals 7.783.955 75.7f 672.466 82,133 115,1891 84,109 .540,530 157,893 115.8691 16801 A5 at 31 March 2023 7.859.715 739.410 83,429 8.682.554 Oepreciafion As at l April 2022 Charge fof the year Eliminated on disposal 3.144.132 145.053 591.512 38,987 115.1891 3,819,128 184,600 115.8691 560 16801 As at 31 March 2023 3.289.185 615.310 83.364 3,9B7,859 Net b4)ok v•lue As at 31 March 2023 4,570.530 124.ICKI 65 4.694.695 As at l April 2022 4,639,823 80.954 625 4,721,402 Page 25
S•int Catherkne's H05pke Tnt otes io the finwKial ststements for the •1 ended JI Marth 2023 12. TANGlbLE FIXED ASSEfs. CMARITY Freehold land & btsildings Fixtures. f1n85 & equipment Motor vehicles Total Cost As at l April 2022 Additions Disposals 7.783.955 75.760 669,969 82.133 115.1891 84,109 8,538,033 IS7.893 115.8691 16801 A5 at 31 March 2023 7.859,715 736,913 83,429 8,680,057 O•prrfiation As at l April 2022 Charge for the year Eliminated on disposal 3.144.132 145.053 S90.143 38.783 115.1891 83.484 560 16801 3,817,759 184.396 115.8691 A5 at 31 March 2023 3.289.185 613.737 83.364 3,986,286 Net book value A5 at 31 March 2023 4.S70.$30 123.176 65 4,693,771 As at l April 2022 4.639.823 79.826 625 4,720.274 13. FIXED ASSET INVESTME1[5. GROVPAND QIAftITY 2023 2022 L15ted Imiestrnents Valuation at l April 2022 Additions Di5POsa15 Revaluation surpluslldefiotl 3.557.2CY) 1.440.S97 1658.6571 1223,7761 2.409.243 2.206.059 11.146.259) 88,157 Valuation at 31 March 2023 4.115.364 3,557.200 Se¢urtd property asset Valuation at l April 2022 and 31 March 2023 80.0ts) 80.000 Total group inStMents 4.195.364 3.637.200 Equity in¥e5tments in SId•alle5 At 31 Marth 2022 and 31 Marth 2023 Tot•1 tharity investments 4.195,371 3.637.207 Original c05t of investrnents stated at valuation 3.621,262 2.839.322 The Secu11 property asset represents a beneficial interest in a freehold property. which was donated to the charitable company in earlier years and is induded in the finaThcial statements at its estimated value, basetl on the open rnarket value of the undering property. The open market value of the underlyin6 property ha5 been estimated by the Trustees by reference to the similar properties in the immediate vicinity. The charitable company is unable to realise this investment Witho the agreernenl of the other beneficial owners. Changes in the estimated value of the secured property asset are included in the StatemeTht ol Financial Attivities. Page 26
Salnt Catherknè's Hospitè Trust Notes to tht financial stattmMts forthe Yearended ai M•rth 2013 FIXÉD ASSET IPIVESTMENTS. GROUP AND CHARrrY-twtlnued The investment in 5ub5Nliary undertakings compfises l¢J)% of the issued share of ScarborcMJgh Hospice Sales mited and Saint Catherine's Hospice Lottery Limited. Summaries of the results of the subsidiaries are as follow5.. 2023 2022 S¢arboro4h Hospke Sales LSmlted (Company number: 020533201 Turnover Cost o15ale5 40,693 117,9621 45,715 116.6841 Gruss profrt Operatin8 expenses 22,731 110.5641 29.031 110.3891 Profft on ordinary actrvilits Interest payable ènd similar expenses Amouni gift aided tothe charity 12.167 18,642 112.1671 118.6421 Relain in subsldlary Assets 12,317 111,3111 19.718 118.7121 Net assets 1.006 Represented by.. Capital Reserve5 1.000 I,CK16 1,006 2023 2022 Saint Catherine's Hospke Lottery Lirnited (Coryany Nurnbtr. 035807241 Turn¢>ver C05t of sales 342.301 1133,2(KJl 366,623 1130.8001 Gross profft Operating expenses 209,101 175,5681 235.823 173.2461 Profrt on ordIn ackn¥te$ Amount gtft aided tothe charity 133,533 1133.5331 162.577 1162.5771 Ret•ined in subsidiary Assets 148,677 1147.6661 185,832 1184,8211 Net assets i.oii i.oii Represented by.. Capital Reserve5 I,oio I,oio I,oii I,oii Starborough Hospice Sales b"mited undertakes the sale of new good5. calendars and greetings eards. Saint Catherine'5 Hospice Lottery Limited underlakes the operation of the lottery and prize draws. The registered office of both subsidiaries is Saint Catherine's Hospice. Throxenby Lane. karborough. North Yorkshire. Y012 5RE. Page 27
Saint Catlberin¢'s HosplceTritst Noies to ihe fin•vl•l smemtffitsfor the Tftar ended JI M•rth 2013 14. FINANCIAL PERFOIiMANCE OF THE CHARITY The summaryfinaTrcial performance ofthe tharity alone is as follows-. 2023 2022 Total Incorne Total Expenditure Net gains on investments Net incomellexpenditurel Total funds brought fonAtard 5.980.225 15.371,5031 1283,2281 325,494 11.406,262 5.799.259 14.653,6181 98.379 1.244.020 10.162.242 11,731,756 11.406.262 Represenred bv.. Restriaed funds Unrestricted fund5 132,261 11.599,495 145.251 11,261.011 11.731,756 I1.4[.262 15. DEBTORS: AMOUNTS FAWNG DUE WITrIIN ONE YEAR fjroup Charitv 2023 2022 2023 2022 Trade debtors Arnounts owed by group undertakings Other debtors Prepayments Accrued income 4,574 15.653 4.574 85.615 35,602 79.873 1,249.469 15,653 131,696 33,657 84.412 1,437.78S 3S.602 79.873 1.249.469 33.657 84.412 1,437.785 1.369.518 1.571.507 1.455.133 1,703.203 16. CREDITORS: AMouf4TS FAWNG DUE wrrHIN OPIÉ YEAR Group Charity 2023 2022 2023 2022 Tiade creditors Taxation and social security Other creditors Acuuals Deferred intome 55.399 54.345 70,286 17.494 187.374 292.271 52,234 82,594 15,2S8 155,114 175,777 51.698 67.677 12.994 125,302 292.272 83.961 155.114 175.777 554.331 621.770 480.977 549.943 Deferred income 8alance brought forward Amount released to the SOFA Amount deferred in the year 292.271 1292.2711 17S.777 292,271 1292.2711 292,271 579.694 1579.6941 151,769 579.694 1579,6941 151.769 175.777 292,271 151.769 151,769 Page 28
Salnt Catherfne's MosploTnI P4ote5 to the finart¢ial statem41 forthe year ended 31 Marth 2023 17. STATEMENT OF FUNOS Net movernent in funds At l April 2022 At 31 March 2023 Group unrestrkied fvnds General fund Community projett fvnd Sustainable ener fund 11.263.028 1661,5161 10,601,512 5CX),O(X) 5LX),O(K) 11.263.028 338.484 11601512 Charlty unrestrlrted funds General fund Community project fund Sustainable energyfund 11.261.011 1661.S161 500.C 51)O.C 10,S99,495 s,0(1 sw,0 11,261.011 338.484 11,599,495 Grwp and Ch•rlty restricted Contract incorne Legacies income Trusts and foundation inccrfne Donaiions income 72.255 70.856 2.140 4,109 116.8941 12051 76,364 S3,962 1,935 145.251 112.990 132,261 Groyptotal lunds 11.408.279 325.494 11,733,773 Charity total lunds 11.406.262 325,494 11,731,756 The movement in fvnds. induded in the above are asfollows.. Net rnovement in fund5 Investment Gains/lLossesl Income Expenditure Transfer5 Gwoup unre5trkied funds General fvnd Community project fund Sustainable enerRV fund s.665.] 15.044.188) 1283.2281 11,000.0001 500,000 5Tr).000 1661,5161 500.000 s00.cx)o 5,665,9C 15,044,188) 1283,2281 338,484 Chartty unrestrlrted fvnds General fund Community project bjnd Sustainable energy fund 5.428.606 14,806,8941 1283.2281 ii,ow.0001 soo,000 soo.000 1661.5161 soo.c soo.( 5,428.606 14.806.894) 1283,2281 338.484 Pa8e 29
Sa1 Catherine's Ho¥i(eTrust Notesto the fin•nclal ststements forthe year ended JI M•rth 2023 17. STATEMENT OF FUNDS- continued Net moverneni In funds Investment Gain(035e5} Income Expendr¢ure Transfers Gr<yJp and Charlty restrkted Iub Contract ificome Le8acie5 income Trust5 and foundation income Donaiions income 422.631 99.20S 1422.6311 195.0%1 4.109 29.283 146.1771 17051 116.8941 12051 551.619 1564.f&3 12,9901 Group total lunds 6.21?.519 15.608.797 1283.2281 325.494 Chaty totsl funds 5.980.225 15.371.503) 1283.2281 325.494 Lhwestrirted funds The general fund presents the free re5eThes of the charity that are not de51Bnated or restricted for a particular purpose. The Trustee5 have designated £5Tr1.(m of the charity's investment fvnd. as a communrty proje¢t fund. to be used to purchase two 5pecialised vehicles to assist with the provisign of peripatetK service5 acr055 the regitsA. The Trustees have designated £500,CKXI of the thèri5 investment fund a5 a sustainable ener fund, to be used to replace the H05pice's existing space and water heating systems with a sustainable energy source, to reduce fvture utility costs. Restrirted funds The restricted funds represent rnonies received for specific purposes. a5 follows.. The restricted contrart intome received ifi the year induded £140.829 forthe End of Life Beds projec[ £224,701 for the Fast Track Horne Care prole¢ £22.746 lor paMiatNe and end of lite care and £34.355 for Lymphoedema services. The restricted legaty income received in the year included £92.076 to be used on the provision of services the Whitby area and £7.129 to be used to berbefrt a humanr(arian project. The restricted trnst5 and foundation intome includes £5.(XN) to be used for core funding excluding fvndraising, 3.iXK) to be used on the provision of 5er¥ites in the Bridlin8ton area. £l.StsJ to be used to engage a complimentary therapist, El,rKKI io be used on ihe prowsion of services In the Ryedale area, E9,658 10 be spent on medical and other equipment and £9.125 t¢)wards the repening ot the Wellbeing Cenire. The restricted donavon income of £SLX) was received toward the cost of PfOVbdin8 ¥guchers to stafl at Christmas. Included in restrKted funds held at 31 March 2023 is £96.887 in respect of the future depreciation of capital equipment purchased using restricted funds toeether wilh ÉlO.(K¥) to be spent on the provision of services in Whrtby. £7.129 to be spent on a humanitarian projert. £lO.((#J to be speni assisting dementia patients in the Inpatient Unit. E3.710 to be spend gn equipment. £3.1c to be spent on the Wellbein8 Centre and Sundry other fund5 totalling El.435. Page 30
Salnt Catherlnt's H•spkÈ Twsi Note5 to th•finan¢hl ststementsfor the year •vthd 31 Mafth 2023 18. ANALYSIS OF NET ASSETS 8EIWEEN FUP4DS Tangible ffixed assets Net rnt assets As at 31 Marrh 2023 Investments Total Group Restricted funds Unrestricted funds 96.887 4.597.808 35,374 2.808,340 132.261 11.601,512 4.195.364 4,694.695 4.195.364 2 843,714 11.733.773 Charltv Restricted funds Unrestricted funds 96.887 4.596.884 35,374 2.807.240 132.261 11.599.495 4.195.371 4.693.771 4.195.371 2.842,614 11.731,756 Tangible fixed a55ets Net current assets A%at31 Marth2022 In¥e5tments Total Group Restritted funds Unrestricted funds 97.584 4.721.402 47.667 2,904,426 145,251 11.263,028 3,637,21X) 4.818.986 3.637.200 2.952.093 11.408,Z79 Charity Restricted funds Unrestrirted funds 97.S84 4.720.274 47.667 2.3.530 14S.251 11.261.011 3.637.207 4.817.858 3.637.207 2,951.197 11,406.262 19. RELATED PARTY TRANSAcllop4S The total amount of donatic5 receNed without condition5 from the Trusiees. the Executive Team and iheir larnilies was £16.19512022- E2.2191. During the year the charity purchased good5 and servi¢es toiallin8 £79.181 1£20,6Y61 from Phoenix Software Limited. a company in which one of the Trustees 15 a director. Pa£e 31
Salnt Catherfne's Hospke Tnl Note5 to th• fina•Ki•l stttements hrtheyearended 31 M•rth 2022 20. AUDITORS, REMUNERAT1014 GrJP Charity 2023 2022 2023 2022 Audii fees Accountancv 13,215 5,430 12.710 5.255 8,725 3,735 8.250 3.550 18,645 17.965 12,460 11,8(X) 21. FINANCIAL ASSETS ANO UABILMES Gmup 2023 2022 Carryirevalue of financial aoeos Financial a5set5 measuod at fair value Financial assets measured at amortised tost 4.195,364 40,176 3.637.200 49,310 Carrylng value of financial liabilitse5 Financial liabilities measured at amortised cost 223,440 142,125 Financlal assets measu at fair value comprise Investnts held at rnarket value. Financtal assets measured at arnortised cost comprise trade debttsts and other debtots. Financial liabilrties Measured at amortised costcomprise trade (ltorS and other creditor5. 22. coNfiNGEP4T A55E At 31 March 2023, the tharity had been noiified of 2 leKacie$42022 91 wtth an estimated value the region of £56.76612022- £338.2501 which have not been re¢ognised in the liftancial statements as they failed to meet one or more of the income recognition criteria. The charity ha5 also been notrfRd of 16 12022 101 further •Cle$, the value of which is uncerrain due to insufficient information bng available. At the date of approval of the financial statements. no further information has been received and consequently these legacie5 have not been re¢o8nised in the financial atements. Page 32