2021-03-31-accounts - Wisdom Hospice Charity

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Reference and administrative		details ofthe charity, its Trustees and advisers	1-2
Trustees' report			3-12
Independent	auditor's report		13-16
Consolidated	statement of financial activities		17
Consolidated	balance sheet		18
Company balance sheet
Consolidated	statement of cash flows		20
Notes to the	financial statements		21 - 41

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2021	2021	2021	2020
		Note	8	2	2
Income from:
Government grants			463,930		463,930	2,297
Other donations and legacies			590,895		590,895	402,481
Fundraising activities			292,946		292,946	591,772
Investments			3,143		3,143	7,216
Other income			35,812		35,812
Total income			1,386,726		1,386,726	1,003,765
Expenditure on:
Raising funds		6	519,701		519,701	586,056
Charitable activities		7	669,590	192	669,782	677,012
Total expenditure		8	1,189,291	192	1,189)483	1,263,068
Net income / (expenditure)	before
investment gains/(losses)			197,435	(192)	197,243	(259,302)
Net gains/(losses) on investments		13	136,393		136,393	(2 145)
Net income / (expenditure)	before other
recognised gains and losses			333,828	(192)	333,636	(261,447)
Net movement in funds			333,828	(192)	333,636	(281,447)
Reconciliation offunds:
Total funds brought forward			1,956,775	2,238	1,959,013	2,220,460
Total funds carried forward			2,290,603	2,046	2,292,649	1,959,013

					2021	2020
				Note	2
Cash flows from operating	activities
Net cash provided by/(used	in) operating	activities		20	105,227	(259,218)
Cash flows from investing	activities:
Dividends and interest from	investments				3,143	7,216
Cash movement on investment account					632	(8,173)
Purchase oftangible fixed assets						(41,372)
Proceeds from sale of investments					549,913	1,066,922
Purchase of investments					(536,033)	(1,050,897)
Net cash provided by/(used	in) investing		activities		17,655	(26,304)
Change in cash and cash equivalents		in	the year		122,882	(285,522)
Cash and cash equivalents	brought forward				428,086	713,608
Cash and cash equivalents	carried forward				550,968	428,086
The notes on pages 21 to 41 form part ofthese financial				statements.

Investment	In	come
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2021	2021	2021	2020
			2	2	2
Dividends	and	interest received	3,143		3,143	7,2'1 6
			35143		3,143	7,216
Total 2020			7,216		7,216
Incoming	resources from fundraising		activities
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2021	2021	2021	2020
			2	2	2
Fundraising			58,000		58,000	194,504
Lottery			124,775		124,775	105,232
Sale of merchandise			5,833		5,833	14,568
Sale ofdonated		items	104,338		104,338	277,468
			292,946		292,946	591,772
Total 2020			591,772		591,772

Other Inc	ome
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2021	2021	2021	2020
		2	6	2
Insurance	claims received	35,812		35,812
Total 2020

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2021 2	2021 2	2021f	2020
Purchases	for resale		3,490		3,490	8,990
Fundraising	costs		171,591		171,591	261,635
Porffolio management		fees	12,616		12,616	12,240
Fundraising	staff costs		332,004		3321004	303,191
			519,701		519,701	588,058
Total 2020			588,056		586,058

Analysis	ofexp	endi	ture on charitabl	e activities
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
				2	2	2
Medway	Community		Healthcare	669,590		669,590	669,883
Other charitable		expenditure			192	192	7,129
				669,590	192	669,762	677,012
Total 2020				869,883	7,129	577,012

8.	Analysis ofexpenditure by	expenditure	expenditure	type
				Staff	costs	Other costs	Total	Total
					2021	2021	2021	2020
					6	2	2
	Fundraising			332,004		187,697	519,701	585,056
	Costs of raising funds			332,004		187,697	519,701	586,056
	Medway Community Healthcare					669,590	669,590	669,883
	Other charitable expenditure					192	192	7,129
	Charitable activities					669,782	669,782	677,012
				332,004		857,479	1,189,483	1,263,068
	Total 2020			303,191		959,877	1,263,068
9.	Net income/(expenditure)
	This is stated after charging:
							2021f	2020f
	Depreciation oftangible fixed assets:
	- owned by the charitable		group				21,949	20,660
	During the year, no Trustees During the year, no Trustees During the year, no Trustees	received any remuneration (2020 - fNIL). received any benefits in kind (2020 - fNIL). received any reimbursement ofexpenses (2020					- fNIL).
10.	Auditor's remuneration
							2021 2	2020f
	Fees payable to the group's	auditor and its associates for the audit
	of the group's annual accounts						8,005	8,060

Staffcosts Staff costs were as follows:
	2021	2020
	2
Wages and salaries	307,670	279,488
Social security costs	16,311	15,983
Other pension costs	8,023	7,720
	332,004	303,191

	2021	2020
	No.	No.
Fundraising	4
Support	3	3
Shops	7	7
	14

Tangible fixed assets
	Freehold	Fixtures and	Offic	Leasehold
	property	fittings	equipment	fittings	Total
Group	2	2	2	2	2
Cost
At 1 April 2020 and 31 March
2021	378,448	113,714	7,213	6,596	507,971
Depreciation
At 1 April 2020	82,891	41,356	2,645	4,358	131,250
Charge for the year	7,569	12,078	1,442	860	21,949
At 31 March 2021	90,460	53,434	4,087	5,218	153,199
Net book value
At 31 March 2021	287,988	60,280	3,126	3,378	354,772
At 31March 2020	295,557	72,358	4,588	4,238	376,721

						Freehold	Office
						property	equipment	Total
	Company					2	2	2
	Cost
	At 1 April 2020 and 31	March	2021			378,448	7,213	385,661
	Depreciation
	At 1 April 2020					82,891	2,645	85,536
	Charge for the year					7,569	1,442	9,011
	At 31 March 2021					90,460	4,087	94,547
	Net book value
	At 31 March 2021					287,988	3,126	291,114
	At 31Marsh 2020					295,557	4,568	300,125
13.	Fixed asset investments
								Listed
								securities
	Group and company							2
	Market value
	At 1 April 2020							1,158,039
	Additions							536,033
	Dispossls							(489,505)
	Revaluations							75,984
	Changes in cash held	by fund						(632)
	At 31 March 2021							1,279,919
	Group and company	investments		at	market value comprise:
							2021	2020
							2
	Listed investments						1,279,919	1,158,039
	All the fixed asset investments		are	held	in the UK.

All ofthese	investm	e	nts are ti	er	1 inve	stmen	ts	with		readily	availab	le market	values.
													2021	2020
													2
Vanguard	Investment		Series PLC Global Short					Term Bond			Index
Fund													167,195	114,236
Vanguard	UK Short		Term Investment			Grade Bond			Index Fund				112,808
Royal London - Short Duration					Gilts Fund									86,478
Mellon Investments			Funds ICVC - Newton				Global		Dynamic		Bond
Fund													74,684	64,179
AXA Fixed	Interest		I CVC - US Short			Duration		High		Yield Fund			154,080	154,108
Royal London Short			Duration	Global High Yield				Bond Fund						178,622
JPM Global Macro		Opportunities			Fund								176,683	95,405
Invesco Perpetual		Global Targeted Returns					Funds						68,507
													753,957	691,226
Unrealised	and realised gains/(lasses)
													2021	2020
													6
Realised gains													60,409	17,039
Unrealised	gains/(losses)												75,984	(19,164)
Total													136,393	(2,145)
Stocks
												Grou		Com an
									2021			2020	2021	2020
										2			2
Finished goods and			goods for	resale				10,138				9,936	10,138	9,936

Debtors
						Grou		Com an
					2021f	2020f	2021 2	2020f
Due after	more than		one year
Amounts	owed by	group undertakings						12000
Due within one year
Amounts	owed by	group undertakings					62,000	42,000
Other debtors					164,484	53,730	122,898	43,853
Prepayments and		accrued income			24,829	25,711	8,363	8,333
					189,313	79,441	193&261	106,186
Creditors: Amounts			falling due	within one year
						Grou		Com n
					2021f	2020	2021 2	2020
Trade creditors					69,891	71,123	57,049	60,257
Other taxation and		social security			5,830	4,855	5,830	4,855
Other creditors					7,600	7,843	6,531	6,576
Accruals	and deferred		income		9,140	9,381	5,575	6,902
					92,461	83,212	75,985	78,590
Financial	instruments
							2021	2020
							2
Financial	assets held		at fair value				1,279,919	1,158,038
Financial	assets held		at amortised	cost			189,313	79,441
							15469,232	1,237,480
Cash and	cash equivalents						550,968	428,086
Financial	liabilities	held at amortised			cost		(92,461)	(93,212)
							458,507	334,874

Statement of		funds - curre	nt year -	group
								Balance at
				Balance at			Gains/	31 March
				1 April 2020f	Income f	Expenditure 6	(Losses) 8	2021 f
Unrestricted	funds
General funds				1,956,775	1,386,726	(1,189,291)	136,393	2,290,603
Restricted funds
Linda Richards		Art Therapy	fund	140				140
D Hoskins fund				200				200
Mrs Jameson		fund		440				440
R Watts fund				1,133				1,133
L Avery fund				325		(192)		133
				2,238		(192)		2,046
Total of funds				1,959,013	1,386,726	(1,189,483)	136,393	2,292,649

									Balance al
					Balance al			Gains	31March
					1April 2019	Income f	Expenditure f	(Losses)	2020f
General funds					2213,268	1,001,591	(1,255,939)	(2,145)	1,958,775
Restricted funds
Linda Richards		Art Therapy	fund			140			140
The Rugby Group Benevolent				fund	1,400		(1,400)
Coralie McKee		fund			417		(417)
D Hoskins fund					200				200
Mrs Jameson	fund				440				440
R Watts fund					4,410	2,035	(5,312)		1,133
L Avery fund					325				325
					7,192	2 175	(7,128)		2,238
Total offunds					2220,480	1,003,786	(1,283,088)	(2,145)	1,959,013

Statement of		funds - curren	t year - company
			Balance at 1			Gains/	Balance at 31
			April 2020	Income	Expenditure	(losses)	March 2021
			6	6	6	2	2
Unrestricted	funds
General funds			1,880,583	1,128,024	(965,016)	136,393	2,179,984
			1,880,583	1,128,024	(965,016)	136,393	2,179,984
Restricted funds
Linda Richards		Art Therapy
fund			140				140
D Hoskins fund			200				200
Mrs Jameson		fund	440				440
R Watts fund			1,133				1,133
L Avery fund			325		(192)		133
			2,238		(192)		2,046
Total offunds			1,882,821	1,128,024	(965,208)	136,393	2,182,030

Statement of	f	unds - prior ye	ar - company
			Balance at 1			Gains	Balance at31
			April 2019	Income	Expenditure	(/osses)	March 2020
			2	2	2	2	2
Unrestricted	funds
General funds			2,188,799	733,343	(1,019,414)	(2,145)	1,880,583
			2,1S8,799	733,343	(1,019,4 14)	(2,145)	1,880,583
Restricted funds
The Rugby Group Benevolent
fund			1,400		(1,400)
Linda Richards		Art Therpay
fund				140			140
Coralie McKee		fund	417		(417)
D Hoskins fund			200				200
Mrs Jameson	fund		440				440
R Watts fund			4,410	2,035	(5,312)		1,133
LAveryfund			325				325
			7,192	2,175	(7,129)		2,238
Total of funds			2,175,991	735,518	(1,028,543)	(2,145)	1,882,821

Summary offunds - c	urrent year - group
	Balance at 1	Income	Expenditure	Gains/	2021
	April 2020	2	2	(Losses)	2
	2			2
General funds	1,956,775	1,386,726	(1,189,291)	136,393	2,290,603
Restricted funds	2,238		(192)		2,046
Total	1,959,013	1,386,726	(1,189,483)	136,393	2,292,649

Summary offunds - pr	ior year - group
	Balance at1	income	Expenditure	Gainer	2021
	April 2019	2	2	(Losses)	2
	2			2
General funds	2,213,266	1,001,591	(1,255,939)	(2,145)	1,956,775
Restricted funds	7,192	2,175	(7,129)		2,236
Total	2220,460	1,003,766	(1,263,068)	(2145)	1,959,013

Analysis of net assets between funds - current year - group
	Unrestricted	Restricted	Total
	funds	funds	funds
	2021	2021	2021
	2	2	2
Tangible fixed assets	354,772		354,772
Fixed asset investments	1,279,919		1,279,919
Current assets	748,373	2,046	750,419
Creditors due within one year	(92,461)		(92,461)
	2,290,603	2,046	2,292,649
Analysis ofnet assets between funds - prior year - group
	Unrestricted	Restricted	Total
	funds	funds	funds
	2020f	2020	2020f
Tangible fixed assets	376,721		376,721
Fixed asset investments	1,158,039		1,158,039
Current assets	515,227	2,238	517,465
Creditors due within one year	(93,212)		(93,212)
	1,958,775	2238	1,959,013

									Grou
								2021	2020
								2
Net income/(expenditure)				for	the year (as per Statement		of Financial
Activities)								333,636	(261,447)
Adjustment		for:
Depreciation		charges						21,949	20,660
Realised	gains on sale of investments							(60,408)	(17,039)
Dividends	and interest from investments							(3,143)	(7,216)
Increase	in	stocks						(200)	(1,739)
Increase	in	debtors						(109,872)	(16,122)
(Decrease)fincrease			in creditors					(751)	4,501
Revaluations		of investments						(75,984)	18,184
Net cash	provided		by/(used		in) operating	activities		105,227	(259,218)

							Grou
						2021	2020
						2
Cash	at	bank	and	in	hand	550,966	428,088
Total						550,966	428,086

		2021	2020
Group		2
Amounts	payable:
Within 1	year	72,511	72511
Between	1 and 5years	216,719	244,480
After more than 5years		77,563	122,312
Total		366,793	439,303

			Unrestricted	Restricted	Total Funds
			funds	funds
			2020	2020	2020
			6	2	6
Income from:
Donations and legacies			402,603	2,175	404,778
Fundraising activities			591,772		591,772
Investments			7,216		7,216
Total income			1,001,591	2,175	15003,766
Expenditure on:
Raising funds			586,056		586,056
Charitable activities			669,883	7,129	677,012
Total expenditure			1,255,939	7,129	1,263,068
Net gains on investments			(2,145)		(2,145)
Net income/(expenditure)	before other recognised	gains	(256,493)	(4,954)	(261,447)
and losses
Net movements in funds			(256,493)	(4,954)	(261,447)
Total funds at 1 April 2019			2,213,268	7,192	2,220,460
Total funds at 31 March	2020		1,956,775	2,238	1,959,013