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 #13 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 Tn￿1 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-pai*nt 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= Asse￿ment. re-enablement and optirnising function and wellbEin& through acttssto a multi dI￿1p11Th8ry team. Specialist Lymphoedema dini¢. Specialist Palliative Care Consu￿ant ouwatient dinics_ Input Into specialist Ne￿0￿ Multi-Disciplinary Team Clin￿$. Cornplementary Therapy consultations and clinics. Specialist Palliative Care Social Work service5. Occupational Therapy and Physiotheraw SeNces. Carers Support. Breathlessness manaaement eduotion prograrnrr*. Reiki for patients and carers. Bereavement Support Semce for both children and adult5 servingth05t with a connertion to Saint Catherine's. Pastoral Care. Specialist Palliative Care Counselling. Out ol hours P￿ICall telephone support seNce for patients. carers and other healthcare professionals. Education centre providing a range of 5pecialtst courses for healthcare professionabs. Multi disciplinary student placement. Nurse led beds providing end of life care for patient5 from kzrborough hospital_ Pa8e I Sant catheri￿.$ Hosplce TNst Report of the Trnst*ts for the year ended 31 March Z023 OBJÉCTIVES AND AcfiviTIES Purpost and activities Cornmunity b05ed.. Wellbein8 Centre prow5￿n at our main site for paiients acr0$5 oUrW￿)1e geoeraphical area. Domiciliary based Community Spetialist Palliatv4e Care provided by ClinKal Nurse Specialists. Community Consul￿Trt access through domiciliary visits or clinics. Consukant dinit to Bridlineton patients. Consultant clinics at Scart>orou8h Hospital. Domitih'ary Ottupational Therapy. physiotherapy and social WO￿ visits. Domicih'ary 8ereavement Support visits. Consultant supporr to oiher healthcare professionals. Fast Tratk Home Care Serwce prowding packages of care in a ￿tIentS home. Scarl)orou8h, Whrtby, Filey. The main objectives for the year were to re-engage with our partner5 and our comrnunities. and re-start key sprvice5 that had been impacted during the Covid-19 pandemic to support our patient5. their families and carers. and to develop L)ur work with new Inte8raied Care 8oard supportin8 the devebpmeni of iniegrated healthcare and new ways of y￿rking, particvlady in the communtty. Public Benefft The Board of Trustees are satisfied that they have complied the in settion 17151 of the Charities Act 2011 to have retard to the Charity Commission guidance on public beneth"t in the pri>vision of its artivilies. A review of the ssgnificanl activities undertaken by the charity during the year to further its charitable purposes for the public beneflt ts detailed below. Volunteers The H05pice relies heavity on the support of volunteer5 and currently ha5 around 350 Voluntee￿ a£￿$ 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 re￿￿r¢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 Ir￿￿8 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 I￿e 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 Bea￿lfUl 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.. 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 p￿s￿re 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 S￿￿la115t 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 Tr￿st 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-par￿em1C 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 TrU￿te$ 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 ¥d￿Ce 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" Vod￿ed in accordance with the Trustee Aci 2(W, and agreed to rnaintain this 35 the organisation's ￿at￿rn￿nt. 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 reSe￿e 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 cu￿rtt 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 0ftheT￿￿ees 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 ger*r05ity 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 tur￿n1 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 perSon￿ntred 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 tech￿1￿ 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 CU￿Ure 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 Se￿￿5. 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 ell￿ble for elettion bv recornrnendation of the existing Trustees or by written n￿lce 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 dISq￿alIfied 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 HOSpi￿uK 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 mu￿14•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 (oVe￿d by the Hospice. and we remain committed to a s￿l￿V 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 ￿$￿Its of the charitable tompany and both subsidiaries. Risk manogement The Trustees acknowled8e their ￿sponSIbl1￿Y th idenl1￿"nZ major risks to which ihe Hospice may be exposed and have forrnal process of risk mana8efflent. The Board Risk Register is re¥iewed at each Board rneelin8. The major risks to which the tharity is exposed. as idents.fied by the Trustees. have been re¥iewed through the day to day Executive Team activities. and systems have been estsblished to mr¢i8ate ihose risks. The risk identification protess for non financial risk is undertaken initially by the Chief Executive in conjunction with the profe5sion31 managers of the ExecutNe Team. As areas of risk are identified. they are reviewed initially by the Executive Team. and may then be rplerred to the Board through fournlghtly updates from the CEO for conshleraiion. or directly to a eoard Meeting. A detlsion on appropriate attion will then be made byTrnstees. In respe￿ of financial risk. the trustees identify major risk through con5ideraugn at the Board which 15 èttended bv trustees who inelude some who are either prolessionalfy qualified in finance or experienced in handling hnanci31 matters as part of their professions_ Data protection has been confirmed by the successful compleiion C*f NHS Data and Security Prevention Toolkit. The 8oard and senior management regularly review the organisations safeguardin& health and safety. and risk management pollcies. procedures. systems and pr¢xesses. Page 9 S•int Catherine's HospktTru5t Report of ihe Trustees forthe yearendtd 31 Marth 2023 REFERENCÉ ANO AOMINISTPATIVE o￿An$ Registered Cornpany number 1627610 IEn8land and Walesl Re￿1•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 Hosk*ce 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 otr*r fir￿ular￿les. 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 2￿6. 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 fu￿lled 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 responSi￿e 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 No￿1£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 r*spett of the followin8 matters ¥¥here the Companies Act 2C*J6 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 a￿lIt. 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 $￿￿8 concern. disclosin& as applicable. matter5 related to going concern and using the going concern basis of accounting unless the trustees either intend tL) liquidate the charitsble company or to cease operations. or have no realistic alternative to do so. Auditor's reSpOns￿lI11t1es for the audit ol the fin•nn and ¢laims- and reviewin8 correspondence wilh the Cafe Quality Commission. H M Revenue and Customs and the companvs legal advisofs, There are inherent limitstions in our audit procedu￿$ described above. The more removed that laws and regulations are from financial transactions. the less li￿1¥ it is that we would become aware of non-compliance. Auditing standard5 also limit the audit procedures required to identify nonns 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¥r1tyfw￿S 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 M￿1 2023 Note 2023 2022 Cash flows from operating adlvltles". Net cash Pfovided by/lused inl opefati artivities 804.843 Cash flows from In1￿1￿£ 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 incomellexpendl￿rÈ) 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 ap￿iCable 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 S*rling (£1. In¢ome l income is recognised in the Statement ol Finantial AdI￿tieS 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 ¥h￿fi 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 PrOba￿e 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 i￿￿rred 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 fin￿la1 stsiements forthe year ended 31 March 2023 ACCOUNnNG pou￿5. 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 - 2￿A 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 P￿t-￿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 per￿d 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 resu￿5 of the charrtable cornpany and both subsidiaries. Pa8e 19 Salnt Catherine's HospkeTIii Nott5 tothe f￿a￿tal Sl*emrt 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. ludgen*nts 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 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 pen￿On 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 [unrt￿n. 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 fO￿￿d 11.263,028 145,2SI 11,408,279 Page 24 S•SntC*herlne'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 N*0 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 Tn￿t otes io the finwKial ststements for the ￿•1 ended JI Marth 2023 12. TANGlbLE FIXED ASSEfs. CMARITY Freehold land & btsildings Fixtures. f￿1n85 & 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 in￿StMents 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 Secu￿11 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 under￿ing 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¥t￿e$ 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 MosploTn￿I 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 Sa￿1 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