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|The Trustees who served|in the year are as follows:||
|---|---|---|
|Trustee Directors|Role|Committee|
|Mr R Harris|Chairman|A,B|
|Mrs SFairbrace||B|
|Mrs M Barker||8|
|Mr R Coleman||A,B|
|MrJWootten (Resigned|19'"October 2022)|A,B|
|Mrs VWebster||B|
|Mr A Gray||B|
|Mrs BFisher||A,B|
|Mrs J Oliver||B|
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|The Trustees
have assessed
the major risks|to which|the group is exposed,
in|the group is exposed,
in|particular|particular||those|related to the|related to the|related to the|
|---|---|---|---|---|---|---|---|---|---|---|
|operations
and finances
of the group.
This|involved|identification|of the types of||risk|the group|||faces|and|
|prioritising
them
In terms ofpotential
impact and likelihood ofoccurrence and identifying|||||and|tracking||the progress|||
|of measures
to manage
them. The ongoing
risks associated
with|||the aftermath|of COVID-19 pandemic||||||were|
|considered as part ofthe assessment
as were|the risks|related to the ongoing Cost of Living|||||Crisis.||||
|The principal
risks identified
are:|||||||||||
|Risk identified||Strata|to miti ate risk||||||||
|Decline
in reserves
from
an excess of expenditure||Recruiting|and training|staff|and|Trustees||to develop|||
|over income.||funding
and promotional||strategies.|||||||
|Ability to build sustainable
and predictable
income to||Establishing
a prudent||and|sustainable|||expenditure|||
|meet funding
demands
and ensure long term||plan
to|maintain
reserves||at|sufficient|||levels|to|
|sustainability.||maintain|||||||||
|||solvency.|||||||||
|Competition
for donations
and
the
group's|profile|DevelopingandimplementingaStrategicPlanfor|||||||||
|relative to other charities especially
during the period||the period|2023 to 2025.||||||||
|ofthe cost of living crisis.|||||||||||
|Possible
financial
cuts made
by the National|Health||||||||||
|Service towards the running
ofthe hospice
in|addiTion||||||||||
|increases
in demand
for end of life hospice|services||||||||||
|which
could
lead
to the
charitable
company
to|||||||||||
|increase its payments
to maintain
hospice services at|||||||||||
|their current or re uired levels.|||||||||||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2023|2023|2023|2022|
|||Note||6|F|6|
|Income from:|||||||
|Donations
and legacies||4|446,426|135|446,561|523,990|
|Other trading
activities||5|622,122||622,122|572,258|
|Investments||6|4,599||4,599|498|
|Other income||7||||64,383|
|Total income|||1,073,147|135|1,073,282|1,161,139|
|Expenditure
on:|||||||
|Raising funds||8|614,103|107|614,210|545,845|
|Charitable
activities|||724,092||724,092|689,577|
|Total expenditure|||1,338,195|107|1,338,302|1,235,522|
|Net (expenditure)/income
losses on investments|before net||(265,048)|28|(265,020)|(74,383)|
|Net losses on investments|||(40,993)||(40,993)|(25,044)|
|Net movement
in funds|||(306,041)|28|(306,013)|(99,427)|
|Reconciliation
offunds:|||||||
|Total funds brought forward|||2,190,775|2,446|2,193,221|2,292648|
|Net movement
in funds|||(306,041)|28|(306,013)|(99,427)|
|Total funds carried forward||19|1,884,734|2,474|1,887,208|2,193,221|
##
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|Consolidated
Statement ofCash Flows||||
|---|---|---|---|
|Forthe Year Ended 31March 2023||||
|||2023f|2022f|
|Cash flows from operating
activities||||
|Net cash used
in operating
activities||(358,507)|20,413|
|Cash flows from investing
activities||||
|Dividends,
interests
and rents from investments||4,599|483|
|Purchase cftangible
fixed assets||(42,003)||
|Purchase ofinvestments||(854,070)|(1,888,199)|
|Proceeds from the sale of investments||1,051,401|1,899,375|
|Cash movement
on investment
account||(89,060)|1,401|
|Net cash provided
by investing
activities||70,867|13,060|
|Change
in cash and cash equivalents
in|the year|(287,640)|33~73|
|Cash and cash equivalents
at the beginning|ofthe year|584,441|550,968|
|Cash and cash equivalents
at the end of|the year|296,801|584,441|
|The notes on pages 20to 40 form part ofthese financial statements||||
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2023|2023|2023|2022|
|||6||||
|Donations||261,290|135|261,425|272,588|
|Legacies||185,136||186,136|236,794|
|Government|grants||||14,628|
|||446,426|135|446,561|523,990|
|Total 2022||523,590|400|523,990||
##
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##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2022|
|||E|E||
|Fundrsising||90,860|90,860|104,062|
|Lottery income||142,671|142,671|139,735|
|Sales ofmerchandise||6,279|6,279|5,751|
|Sales ofdonated|items|382,312|382,312|322,720|
|||622,122|622,122|572,268|
|Total 2022||572268|572,268||
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2022|
|||E|E||
|Dividends|and interest received|4,599|4,599||
|Total 2022||498|498||
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2022|
|||E|E|E|
|Insurance|claims received|||84,383|
|Total 2022||64,383|84,383||
##
##
##
##
||||Unresh feted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2023
6|2023f|2023f|2022|
|Fundraising|costs||250,257|107|250,364|211,509|
|Porffolio management||fees|12,920||12,920|13,044|
|Purchase for resale|||1,895||1,896|4,155|
|Fundraising|staff costs|- wages and salaries|308,025||308,026|278,529|
|Fundraising|staff costs|- social security costs|21,107||21,107|18,565|
|Fundraising|staff costs|- pension costs|7,272||7,272|7,105|
|Depreciation|||12,627||12,627|12,937|
||||614,103|107|614,210|545,845|
|Total2022|||545,845||545,845||
##
##
||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funda|funds|funds|
||||2023|2023|2022|
||||6|6||
|Fundraising|costs|||||
|Rent, rates and utilities|||110,296|110,296|85,520|
|Staff welfare,|training|and entertainment|2,024|2,024|2,300|
|Recruitment|costs||1,757|1,757|1,144|
|Travel expenses|||1,998|1,998|766|
|Repairs and|renewals||4,243|4,243|2,286|
|Professional|fees||850|850||
|Audit and accountancy||fees|18,677|18,677|11,935|
|Fundraising|expenses|and event costs|48,690|48,690|48,883|
|ITand office|costs||28,855|28,855|25,981|
|Insurance|||10,794|10,794|10,741|
|Subscriptions|||2,338|2,338|2,478|
|Bank charges|||11,782|11,782|9,378|
|Depreciation|||(23,366)|(23,366)|9,012|
|Sundry costs|||1,273|1,273|1,085|
|Total 2023|||220,211|220,211|211,509|
##
##
##
|||Grant|||
|---|---|---|---|---|
|||funding of|Total|Total|
|||activities|funds|funds|
|||2023
K|2023
K|2022f|
|Medway Community|Healthcare|724,092|724,092|689,677|
|Total 2022||889,677|689,877||
##
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##
|Staffcosts|||||||
|---|---|---|---|---|---|---|
||||Group|Group|Charity|Charity|
||||2023f|2022|2023|2022|
|Wages and|salaries||308,026|278,529|163,296|165,232|
|Social security costs|||21,107|18,565|11,383|11,340|
|Contribution|to defined contribution|pension|||||
|schemes|||7,272|7,106|4,770|5,109|
||||336,404|304,200|179~9|181,681|
|Group|Group|Charity|Chsniy|
|---|---|---|---|
|2023|2022|2023|2022|
|No.|No.|No.|No.|
|14|14|7||
##
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##
||Freehold|Leasehold|Fixtures and|Office||
|---|---|---|---|---|---|
||property|costs|fittings|equipment|Total|
||6||6|||
|Cost||||||
|At 1 April 2022|378,448|8,596|113,714|7,213|507,971|
|Additions||1,760|38,002|2,241|42,003|
|At 31 March 2023|378,448|10,356|151,716|9,454|549,974|
|Depreciation||||||
|At 1 April 2022|98,029|6,077|65,512|5,530|175,148|
|Charge for the year|5,046|919|11,707|1,741|19,413|
|At 31 March 2023|103,075|6,896|77,219|7,271|194,561|
|Net book value||||||
|At 31 March 2023|275,373|3,360|74,497|2,183|355,413|
|At 31March 2022|280,419|2,519|48,202|1,683|332,823|
##
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||Freehold|Office||
|---|---|---|---|
||property|equipment|Total|
||K|6|5|
|Cost||||
|At 1 April 2022|378448|7,213|385,661|
|Additions||2,241|2,241|
|At 31 March 2023|378,448|9,454|387,902|
|Depreciation||||
|At 1 April 2022|$8,029|5,530|103,559|
|Charge for the year|5,046|1,741|6,787|
|At 31 March 2023|103,075|7,271|110,346|
|Net book value||||
|At 31 March 2023|275,373|2,183|277,556|
|At31March 2022|280,419|1,683|262,102|
|Fixed asset investments||||
|||Portfolio||
|||cash held by||
||Listed|investment||
||investments|manager|Total|
|Group and Charity|6|5|6|
|Valuation||||
|At 1 April 2022|1,181,022|61,290|1,242,312|
|Additions|854,070|201,681|1,055,761|
|Disposals|(1,051,401)|(111,930)|(1,163,331)|
|Revaluations|(41,009)||(41,009)|
|At 31 March 2023|942,682|151,051|1,0$3,733|
##
##
##
|Investmen|ts
comprise|the following:|||
|---|---|---|---|---|
||||2023|2022|
||||E|6|
|Equities (listed)|||650,937|528,052|
|Fixed interest|||209,328|428,667|
|Balanced|management|fund||162,390|
|Cash|||151,051|61,290|
|Alternative|investments||82/17|61,913|
||||1,093,733|'i,242,312|
##
|Stocks||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Group|Gmup|Charity|Charity|
|||||||2023
E|2022
f|2023|2022|
|Finished|goods|and|goods|for|resale|11,424|10,144|11,424|10,'144|
##
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2023
R|2022f|2023
5|2022f|
|Due within one year||||||
|Amounts
owed by group undertakings||||40,000|685|
|Other debtors||12,209|59,986|831|3,220|
|Prepayments|and accrued income|230,732|61,716|203,186|39,919|
|||242,941|121,702|244,017|43,824|
##
|17.|Creditors: Amounts|falling due within one year|falling due within one year|||||
|---|---|---|---|---|---|---|---|
|||||Group|Group|Charity|Charity|
|||||2023f|2022|2023
K|2022f|
||Trade creditors|||63,391|75,607|67,253|58,849|
||Other taxation and social||security|6,593|5,055|6,593|5,055|
||Other creditors|||5,123|4,169|1,636|2,335|
||Accruals and deferred|income||17,997|13,370|12,309|9,785|
|||||113,104|98,201|67,991|76,024|
|16.|Financial
instruments|||||||
|||||Group|Group|Charity|Charity|
|||||2023
6|2022f|2023f|2022f|
||Financial assets|||||||
||Financial assets measured||at fair value|||||
||through
income and expenditure|||1,093,733|1,242,312|1,093,733|1,242,312|
##
##
##
|Statement of|funds - current|year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1|||Gains/|31 March|
|||April 2022
E|Income|Expenditure|(Losses)
f|2023|
|Unrestricted
funds|||||||
|General
Funds||2,190,775|1,073,147|(1,338,195)|(40,993)|1,884,734|
|Restricted funds|||||||
|D Hoskins fund||200||||200|
|Mrs Jameson|fund|440||(72)||368|
|RWatts fund||1 133||||1 133|
|LAvery fund||133||||133|
|L Humphreys
fund||50||||50|
|D Swatton fund||350||(35)||315|
|Linda Richards|Art Therapy|140||||140|
|P Hum phreys|fund||100|||100|
|Curry's
Sittingbourne|||35|||35|
|||2,446|135|(107)||2,474|
|Total offunds||2,193,221|1,073,282|(1,338,302)|(40,993)|1,887,208|
##
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##
##
##
|||||||Balance at|
|---|---|---|---|---|---|---|
||Ba/ance ai||||Gainer|31March|
||1April 2021f|Income
f|Expenditure|f|(Losses)f|2022f|
|Unrestricted
funds|||||||
|General Funds - all funds|2290,603|1,160739|(1,235523)||(25044)|2,190,775|
|Restdcted funds|||||||
|D Hoskins
fund|200|||||200|
|Mrs Jameson
fund|440|||||440|
|RWatts fund|1,133|||||1,133|
|LAvery fund|133|||||133|
|L Humphreys
fund||||||50|
|D Swatton fund||||||350|
|Linda Richards Ari Therapy|140|||||140|
||2,046|400||||2,446|
|Total offunds|2292649|1,161,139|(1,235,523)||(25,044)|2 193,221|
##
|Summary|offunds - cu|rrent year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1|||Gains(|31 March|
|||April 2022f|Income
f|Expenditure
f|(Losses)
f|2023
K|
|General funds||2,190,775|1,073,147|(1,338,195)|(40,993)|1,884,734|
|Restricted|funds|2,446|135|(107)||2,474|
|||2,193,221|1,073,282|(1,338,302)|(40,993)|1,887,208|
##
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##
||||||Balance at|
|---|---|---|---|---|---|
||Balance at|||Gainsl|31March|
||1April 2021f|Income
f|Expenditure|(Losses)
f|2022|
|General funds|2,290,603|1,160,739|(1,235,523)|(25,044)|2,190,775|
|Restricted funds|2046|400|||2,446|
||2,292649|1,161,139|(1,235,523)|(25,044)|2,193,221|
##
##
|Analysis ofnet assets between funds - current year||||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2023|2023|2023|
|||8|6|
|Tangible fixed assets|355,413||355,413|
|Fixed asset investments|1,093,733||1,093,733|
|Current assets|548,692|2,474|551,168|
|Creditors due within one year|(113,104)||(113,104)|
|Total|1,884,734|2,474|1,887,208|
|Analysis ofnet assets between funds - prior year||||
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2022f|2022
6|2022
6|
|Tangible fixed assets|332,823||332,823|
|Fixed asset investments|1,242,312||1,242,312|
|Current assets|713,641|2446|716,287|
|Creditors due within one year|(98,201)||(98,201)|
|Tl|2,190,775|2446|2,193,221|
##
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||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||||||||6||
||Net expenditure
forthe year (as per Statement ofFinancial Activities)||||||(308,013)|(99,427)|
||Adjustments
for:||||||||
||Depreciation
charges||||||19,413|21,949|
||Gains on|investments|||||40,993|25,044|
||Dividends,|interests and rents|||from investments||(4,599)|(498)|
||Increase|in stocks|||||(1,280)|(5)|
||Decrease/(increase)|||in debtors|||(167,939)|57,611|
||Increase|in creditors|||||54,218|5,740|
||Net cash|provided|by/(used||in) operating|activities|(365,207)|20,4'l3|
|23.|Analysis|ofcash and cash equivalents|||||||
||||||||Group|Group|
||||||||2023|2022|
||Cash in hand||||||296,801|554,441|
||Total cash and cash equivalents||||||296,801|584,441|
|24.|Analysis|ofchanges||in net debt|||||
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