## ## ## |Contents|Contents|||~Pa e| |---|---|---|---|---| |Board oftrustees
and professional|||advisers|| |Trustees'
annual report||||2-7| |Strategic report||||8-16| |Independent
auditor's|report|||17-19| |Statement offinancial|activities,||including|| |the income and expenditure||account||20| |Balance sheet||||21| |Statements ofcash flows||||22| |Accounting
policies||||23-25| |Notes to the accounts||||26-37| ## ## ## |Jkedda~red|Jkedda~red|OJJ)ue|47Woodside Avenue|||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||||London
N12 STF|||||||||| |ButgJI|of~T||Ms. E.B.Jones|||(Chairman)||||||| ||||Mr. G.S.Hill|||(Honorary|Treasurer||and|Honorary||Secretary)| ||||Mrs. J.R.Brown|||||||||| ||||Mr. H. T.F.Easterling|||||||||| ||||Mr. A.J.Hams|||(appointed|23|February 2021)||||| ||||Mrs. C.M Holmes|||||||||| ||||Mr. S.Males|||||||||| ||||Mr. S.Morris|||||||||| ||||Mrs. L.A. Nash|||(resigned 27 April 2021)||||||| ||||Mr, J.Reid|||||||||| ||||Mrs. B.J.Taylor|||||||||| ||||Dr.J.A. Tobin|||||||||| ||||Ms.J.Walters|||||||||| ||||Ms. C.Woodwark|||(appointed|28|April|2020)|||| ||||Mr. D. Carroll|||(Chief Executive - appointed|||||3 August 2020)|| ||||Ms. P.A. McClinton|||(Chief Executive - retired||||13|August 2020)|| ||||Dr. S.Edward|||(Medical Director &Consultant)||||||| ||||Ms.F.Deane|||(Director|ofClinical||Services)|||| ||||Mrs. L.Edwards|||(Director|ofPeople)|||||| ||||Mr. R.Langrishe|||(Director|ofFundraising|||and Communications)||| ||||Mr. N. Sooryakumaran|||(Commercial||and Finance Director)||||| |~Co|Jmy Secreugy||Mr. G.S.Hill|||||||||| ||||Moore Kingston
Smith LLP|||||||||| ||||Chartered
Accountants||and|Statutory|Auditor|||||| ||||Orbital House|||||||||| ||||20Easuxn Road|||||||||| ||||Romford|||||||||| ||||Essex RMI 3PJ|||||||||| ||||Barclays Bank p.l.c.|||||||||| ||||Barnet tk Hampstead||Business Banking|||||||| ||||P0Box12320|||||||||| ||||London N20 OWE|||||||||| ||||Newton
Investment|Management
Limited||||||||| ||||The Bank ofNew York Mellon Centre|||||||||| ||||160Queen Victoria|Street||||||||| ||||London EC4V 4LA|||||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||31STMARCH 2021|31STMARCH 2021||2020| |---|---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Endowment|Total|Total| |||||funds||Erode|funds| |Income.|||||||| |Donations
and fundraising|||1,620,292|138302||1,758,494|1,635,583| |Legacies|||4,138,281|||4,138,281|3,248,749| |Charitable
activities|||||||| |Grants||4|3,890,583|4,889,920||8,780,503|5,169,876| |Other trading activities|||||||| |Charity shops sales|||1,186,030|||1,186,030|2,082,592| |Donated agency sales|||172,487|||172,487|589,397| |Rental income|||11,581|||11,581|11,655| |Investment
income||5|168,139||61,793|229,932|299,562| |Other||6|246,070|549,151||795,221|31,136| |Total income|||11,433,463|5,577273|61,793|17,072,529|13,068,550| |Expenditure:|||||||| |Raising funds|||||||| |Fundraising
and promotion||7|701,978|18,568||720,546|791,829| |Charity shops expenditure||8|1,600,915|444,264||2,045,179|1,992,120| |Investment
manager's|fees||51,200|||51,200|50,062| |Charitable
activities|||||||| |Cost ofoperation ofhospice||9|4,940,076|5,052,159|61,793|10,054,028|9,794,037| |Other|||||||| |Interest on loan fiom|The Governors||||||| |ofthe Peabody Donation Fund|||21,100|||21,100|36,799| |Total expenditure|||7,315,269|5,514,991|61,793|12,892,053|12,664,847| |Net gains/fosses)
on investments||13|1,756,360||549,415|2,305,775|(614,723)| |Net income/(expenditure)|before transfers||5,874854|62,282|549,415|6,486,251|(211,020)| |Transfers between
funds||19|63,807|(63,807)|||| |Net income/(expenditure)|after transfers||5,938,361|(1,525)|549,415|6,486,251|(211,020)| |Other recognised losses|||||||| |Actuarial losses on defined benefit|||||||| |pension
scheme||17|||||(462,000)| |Net movement
in funds|||5,938,361|(1,525)|549,415|6,486,251|(673,020)| |Reconciliation
offunds:|||||||| |Total funds brought forward,|||||||| |1stApril 2020|||18,679,166|103,885|2,371,218|21,154,269|21,827289| |Total ihnds carried forward,|||||||| |31stMarch 2021|||24,617427|102,360|2,920,633|27,640,520|21,154469| ## ||BALAN~IIEET||31ST MARCH|| |---|---|---|---|---| ||||2021|~20| |Fixed assets:||||| |Tangible assets||12|7,830,708|7,982,988| |Investments||13|13,911,240|11,375,939| |Total fixed assets|||21,741,948|19,358,927| |Current assets:||||| |Debtors||14|5,951,344|3,211,858| |Cash on deposit|||2,456,170|1,854,189| |Cash on current account and in hand|||243,833|204,351| |Total current assets|||8,651,347|5,270,398| |Liabilities:||||| |Creditors: amounts|falling due within one year|15|(1,295,955)|(1,828,836)| |Net current assets|||7,355,392|3,441,562| |Total assets less current liabilities|||29,097,340|22,800,489| |Creditors;
amounts|falhng due after more than one year|16|(1,456,820)|(1,646,220)| |Net assets excluding|pension liability||27,640,520|21,154,269| |Defined benefit pension scheme liability||17||| |Total net assets|||27,640,520|21,154,269| |The funds ofthe charity:||||| |Endowment
funds||18|2,920,633|2,371,218| |Restricted income|funds|19|102,360|103,885| |Unrestricted
funds||||| |Designated
fund||20|6,373,888|6,547,268| |General fund|||18,243,639|12,131,898| |Total charity funds|||27,640,520|21,154,269| |RTHE|ED:|||||||||31ST MARCH|31ST MARCH| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||202| |Net cash provided
by/(used|in) operating|activities||||||||866,823|(523,822)| |Cash flows from investing|activities||||||||||| |Investment
income|||||||||||| |Income from UX listed|investments|||||||||229,526|291,628| |Interest receivable||||||||||406|7,934| |Purchases oftangible fixed assets||||||||||(225,766)|(440,436)| |Purchases offixed asset investments||||||||||(229,526)|(291,628)| |Cash used in investing
activities||||||||||(225,360)|(432,502)| |Increase/(decrease)
in cash|and cash equivalents|||in|the year|||||641,463|(956,324)| |Cash and cash equivalents|at the beginning||ofthe year|||||||2,058,540|3,014,864| |Cash and cash equivalents|at the end ofthe||year|||||||2,700,003|2,058,540| |'li
ionofnet|m ntin funds|t|||hflo|fm||n|ctivines||| |Net movement
in funds||||||||||6,486,251|(673,020)| |Investment
income|||||||||||| |Income from UK listed investments||||||||||(229,526)|(291,628)| |Interest receivable||||||||||(406)|(7,934)| |Depreciation||||||||||377,846|362,459| |Loss on disposals oftangible fixed assets||||||||||200|| |Interest payable||||||||||21,100|36,799| |Net (gains)/losses
on investments||||||||||(2,305,775)|614,723| |Actuarial losses on defined|benefit pension||scheme||||||||462,000| |Increase in debtors||||||||||(2,739,486)|(1,312,870)| |(Decrease)fincrease
in creditors||||||||||(743,381)|1,127,649| |Defined bonefit pension
scheme liability||crystallized|||||||||(842,000)| |Net cash provided
by/(used|in) operating|activities||||||||66,|| |al sis ofcash and
h e
ivalents|||||||||||| |Bank deposit accounts (less than three months)||||||||||2,456,170|1,854,189| |Bank current accounts||||||||||241,850|202,390| |Cash in band||||||||||1,983|1,961| |Total||||||||||2,700,003|2,05S,540| |Anal
is of h
esinnetfunds|||||||||||| ||||||||||||6| |Cash at bank and in hand|||||||||204,351|39,482|243,833| |Deposits|||||||||1,854,189|601,981|2,456,170| ||||||||f.||2,058,540|641,463|2,700,003| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|Endowment|| |---|---|---|---|---|---|---|---| |||||~fund|funds|funds|Total| |4.|Grants||||||| ||Year ended 31stMarch 2021||||||| ||Barnet Clinical Commissioning||Gmup|1,861,408|212,160||2,073,568| ||Enfield Clinical Commissioning||Group|1,655,632|162,318||1,817,950| ||Haringey
Clinical Commissioning||Group|123,060|||123,060| ||NHS Partial Offset ofPensions|Costs||65,360|||65,360| ||North Middlesex
Hospital NHS||Trust||681,092||681,092| ||Betty Messenger
Funding||||314,346||314,346| ||NHSE COVID-19 Emergency|Funding|||3,520,004||3,520,004| ||COVID-19 - Retail, Hospitality|and Leisure Grants||185,123|||185,123| |||||3,890,583|4,889,920||8,780,503| |Year ended 31srMarch 2020||||||| |---|---|---|---|---|---|---| |Barnet Clinical Commissioning||Gmup|1,816,702|204,000||2,020,702| |Enfield Clinical Commissioning||Gmup|1,533,953|159,135||1,693,088| |Haringey
Clinical Commissioning||Group|121,000|||121,000| |NHS Pardtd Offset ofPensions|Costs||64,317|||64,317| |North IvBddlesex Hospital
NHS||Trust||598,433||598,433| |Betty Messenger
Funding||||302,336||302,336| |COVID-19 - Retail, Hospitality|and Leisure Grant||370,000|||370,000| ||||3,905,972|1,263,904||5,169,876| |Year ended 31stMarch 2021||||||| |Income from UK listed investments|||167,900||61,626|229,526| |Interest receivable|||239||167|406| ||||168,139||61,793|229,932| |Year ended 31stMarch 2020||||||| |Income from UK listed investments|||210,354||81,274|291,628| |Interest receivable|||7,266||668|7,934| ||||217,620||81,942|299,562| ## |||||||Unrestricted|Restricted|Endowment|| |---|---|---|---|---|---|---|---|---|---| |||||||funds|funds|funds|Total| |6.|Other income||||||||| ||Year ended|31stMarch||2021|||||| ||Education
income|||||223,425|||223,425| ||Management|charge||||2,824|||Z,824| ||Insurance
claim|||||19,821|||19,821| ||COVID-19|-Furlough||Scheme|||549,151||549,151| ||||||f|246,070|549,151||795,221| ||Year ended|31stMarch||2020|||||| ||Education income||||f|31,136|||31,136| |7.|Fundraisin|and|rom|tion|||||| ||Year ended|31stMarch||2021|||||| ||Staff costs|||||603,569|18,568||622,137| ||Other costs|||||98,409|||98,409| ||||||f|701,978|18,568||720,546| ||Year ended|31stMarch||2020|||||| ||Staff costs|||||645,263|||645,263| ||Other costs|||||146,566|||146,566| |||||||791,829|||791,829| ||Year ended|31stMarch||2021|||||| ||Staff costs|||||745,360|444,264||1,189,624| ||Other costs|||||337,787|||337,787| ||Rents paid under||operating leases|||515,045|||515,045| ||Rates and water|||||2,723|||2,723| |||||||1,600,915|444,264||2,045,179| ||Year ended|31stMarch||2020|||||| ||Staff costs|||||1,121,650|||1,121,650| ||Other costs|||||321,907|||321,907| ||Rents paid under||operating leases|||500,620|||500,620| ||Rates and water|||||45 355|||45 355| ||Depreciation|||||2,588|||2,588| |||||||1,992,120|||1,992,120| ## ||||Unrestricted|Restricted|Endosvment|| |---|---|---|---|---|---|---| ||||funds|funds|agnus|Toto)i| |9.|Costofo
ration
fhos|ice||||| ||Year ended 31stMarch|2021||||| ||Direct costs|||||| ||Hospice staff costs||2,490,684|4,986,387|61,793|7,538,864| ||Catering
and cleaning|services|78,477|1,200||79,677| ||Other medical costs||157,789|20,885||178,674| ||Supportcosts|||||| ||Support staff costs||922,783|23,420||946,203| ||Premises costs||329,752|5,000||334,752| ||Other costs||563,439|15,267||578,706| ||Depreciation||377,846|||377,846| ||Governance
costs (see|Note 10)|19,306|||19,306| ||||4,940,076|5,052,159|61,793|10,054,028| ||Year ended 31stMarch|2020||||| ||Direct costs|||||| ||Hospice staff costs||5,779,645|1,214,731|81,942|7,076,318| ||Catering
and cleaning|services|107,748|||107,74S| ||Other medical costs||182,037|12,068||194,105| ||Support costs|||||| ||Support staff costs||856,019|18,917||874,936| ||Premises costs||482,371|1,739||484,110| ||Other casts||665,218|13,705||678,923| ||Depreciation||359,871|||359,871| ||Governance
costs (see|Note 10)|18,026|||18,026| ||||8,450,935|1,261,160|81,942|9,794,037| ## |||||Unrestricted|Unrestricted|Restricted|Endowment|Endowment|| |---|---|---|---|---|---|---|---|---|---| |||||~fund||~fun|~fu||Total| |10|13ttyetttgrce|u&sts|||||||| ||Year ended|31stMarch|2021||||||| ||Auditors'
remuneration||||10,935||||10,935| ||Accountancy|fees|||8,371||||8,371| ||||||19,306||||19,306| ||Year ended|31stMarch|2020||||||| ||Auditors'
mmuneration||||10,330||||10,330| ||Accountancy|fees|||7,696||||7,696| ||||||18,026||||18,026| |11.|Staff costs trustee r m||tion and ex|es and the c|tofke|ment|onn|1|| ||||||||||2020| ||Wages and salaries||||||9,103,009||8,609,702| ||Social security costs|||||||728,802|678,108| ||Pension costs|||||||465,017|430,357| ||||||||10,296,828||9,718,167| |pension costs.|||| |---|---|---|---| |Analysis
by function;|||| |Hospice services||7,538,864|7,076,318| |Fundraising
and promotion||622,137|645,263| |Shops||1,189,624|1,121,650| |Support||946,203|874,936| |||10,296,828|9,718,167| |The number ofhigher paid employees|was:||| |||2021~r|2020
~Nmber| |f60,000 tof70,000||7|2| |f70,000 tof80,000||3|1| |f80,000 tof90,000||1|1| |8100,000 to8110,000|||2| |8110,000 to 8120,000|||| ## ## ## |he average|number ofemployees,
analysed
by function,
was:|||| |---|---|---|---|---| |||2021||2020| |||~um|r|~mr| |Hospice services||125||123| |Fundraising|and pmmotion|11||12| |Shops||41||40| |Support||20||20| |||197||195| ## |People and the Director of C
6539,879).
T sf u|linical Se|rvices.
The empl|oyee
benefits o|f the key manag|ement
personn|el
totalled f56|7,427 (2020—| |---|---|---|---|---|---|---|---| ||||Furniture,||||| |||Freehold land|fixtures and|Medical|Motor||| |||fmtl~i|s|~eui|||Total| |Cost|||||||| |At 1stApril 2020||10,180,777|2,046,829|377,052|120,254|483,617|13408,529| |Additions|||67,159|53,000||105,607|225,766| |Disposals|||(11,330)|||(750)|(12,080)| |At 31stMarch 2021||10,180,777|2,102,658|430,052|120,254|588,474|13,422,215| |Depreciation|||||||| |At 1st April 2020||2,906,871|1,744,463|336,366|120,254|117,587|5,225,541| |Charge for the year||175,393|117,527|26,079||58,847|377,846| |Disposals|||(11,330)|||(550)|(11,880)| |At 31stMarch 2021||3,082,264|1,850,660|362,445|120,254|175,884|5,591,507| |Net book values|||||||| |At 31stMarch 2021||7,098,513|251,998|67,607||412,590|7,I)30,708| |At 31stMarch 2020|f,|7,273,906|302,366|40,686||366,030|7,982,988| |13-|3 IIi""|||~22|~22| |---|---|---|---|---|---| ||Listed investments;||||| ||Market value at 1stApril|2020||11,370,939|11,694,034| ||Additions
at cost|||229,526|291,628| ||Net gains/Gosses)
on investments|||2,305,775|(614,723)| ||Market value at 31stMarch 2021|||13,906,240|11,370,939| ||Cost ofshares in subsidiary|company:|||| ||North London Hospice|(Trading) Limited||5,000|5,000| |||||13,911,240|11,375,939| ||The historical cost ofthe listed investments||as at 31stMarch 2021 was Z9,364,767 (2020-89,135,241).||| |t 31stMarch 2021 UK equities c|omprised:||| |---|---|---|---| |||Market|| |||~viue|Cost| |6,798,165.31units in the Newton|Growth Fund for Charities|10,719,347|7,089,692| |2,137,276.53 units in the Newton|Global Growth &||| |Income Fund for Charities||3,186,893|2,275,075| |||13,906,240|9,364,767| ## ## |14.|Dgb(0(8||||| |---|---|---|---|---|---| |||||2001|2020| ||VAT recoverable|||110,742|140,374| ||Other debtors|||703,160|366,548| ||Prepayments|and accrued income||5,137,442|2,704,936| ||||f|5,951,344|3211,858| ||VAT recoverable
Other debtors
Prepayments
and accrued income|VAT recoverable
Other debtors
Prepayments
and accrued income|VAT recoverable
Other debtors
Prepayments
and accrued income|VAT recoverable
Other debtors
Prepayments
and accrued income|||||2001
110,742
703,160
5,137,442
f
5,951,344|2020
140,374
366,548
2,704,936
3211,858| |---|---|---|---|---|---|---|---|---|---|---| ||Prepayments
and accrued income includes||||measurable||legacies committed|to North London|Hospice as at 31st|March 2021,| ||but which were not received||by|that date,|amounting|to|83,787,212(2020 - 82,009,789).|||| |15.|Creditor|amounts f||'thin one|ear|||||| |||||||||||2020| ||Expense|creditors|||||||415226|446,105| ||Amount|owed to subsidiary|company|||||||3,389| ||Taxation|and social security|||||||193,363|187,426| ||Other cnxlitors||||||||472,696|979,187| ||Accruals|and deferred income|||||||214,670|212,729| ||||||||||1,295,955|1,828,836| |Other credit|ors
also in|cludes f262,196(2020 -f347,687)relating to agency sale|s under the retail Gift Aid sche|me.| |---|---|---|---|---| |'to||after more
e||| |Loan - The|Governors|ofthe Peabody Donation Fund (secured)||| |(including|rolled up|interest of8956820(2020 -f935720))|1,456,820|1,435,720| |London Pension Fund||Authority
(see note 15)||210/00| ||||1,456,820|1,646720| ## |Net liability at 1stApril 2020|380,000| |---|---| |Amount
debited to the statement offlnancial|| |activities,
being actuarial )ossm|462,000| |LiabiTity crystallized
during the year|(842,000)| |Net liabiTity at 31stMarch 2021|| |The amount included
in the balance short comprises:|| |Prment value offunded
obligation|| |DeeuDc, Fair value ofscheme assets|| |Nct liabiTity in the balance sheet|| ## ## |||||Mrs. Burgess|||| |---|---|---|---|---|---|---|---| ||||Pauline Glasser
Endowment|Fund for
~dren|Capital
klgtsj|Endowment
Fund|| |Balance 1stApril 2020|||479,699|17,000|150,000|1,724,519|2,371,218| |Income|||13,426|||48,367|61,793| |Expenditure|||(13,426)|||(48,367)|(61,793)| |Unrealised|gains||119,548|||429,867|549,415| |Balance 31stMarch 2021||f|599,247|17,000|150,000|2,154,386|2,920,633| ## ## ## |be income funds oft
ecific purposes.|he charity|inc|lude restri|cted
funds comprisi|ng
the followin|g
unexpended
b|alances of donations|to be applied fo| |---|---|---|---|---|---|---|---|---| |||||Balance|||Transfers|Balance| ||||||Ream|E~xndi
re|bgfiy~nds|| |Community
and IPU|nursing|fund|||49,256|(49,256)||| |Equipment
and teaching fund|||||21,922||(21,922)|| |Garden and building|maintenance||fund||5,000|(5,000)||| |Haringey
Community|Team||||681,092|(681,092)||| |IPU refurbishment
pmject fund|||||43,875|(19,840)|(24,035)|| |Kitchen refurbishment|fund||||1,000||(1,000)|| |Ovenught
Community|Service|||103,885|314,346|(315,871)||102,360| |PCSS fund|||||374,478|(374,478)||| |NHSE COVE)-19Emergency||and||||||| |COVID-19 - Furlough
Scheme fund|||||4,069,155|(4,069,155)||| |ITequipment
fund|||||16,850||(16,850)|| |Other|||||300|(300)||| |||||103,885|5,577,274|(5,514,992)|(63,807)|102,360| ## ## ## ## |At 31stMarch 2021||||||| |---|---|---|---|---|---|---| |||Tangible||Current||| |||~fixed as|vestments||~Credit|Total| |Endowment
funds||||||| |Pauline Glasser Endowment|||599,247|||599,247| |Mrs. Burgess Fund for|Children|||17,000||17,000| |Capital Fund||||150,000||150,000| |Endowment
Fund|||2,154,386|||2,154,386| |Restricted funds||||||| |Overnight
Community|Service|||102,360||102,360| |Unrestricted
funds||||||| |Designated
fund||||||| |Tangible fixed assets|fund|7,830,708|||1,456,820|6,373,888| |General
fund|||11,157,607|8,381,987|1,295,955|18,243,639| |||7,830,708|13,911,240|8,651,347|2,752,775|27,640,520| |At 31stMarch 2020||||||| |~Com an||Tangible||Current||| |||fmemfets|Investments|gRee||| |Endowment
funds||||||| |Pauline Glasser Endowment|||479,699|||479,699| |Mrs. Burgess Fund for|Children|||17,000||17,000| |Capital Fund||||150,000||150,000| |Endowment
Fund|||1,724,519|||1,724,519| |Restricted funds||||||| |Ovennght
Community|Service|||103,885||103,885| |Unrestricted
funds||||||| |Designated
fund||||||| |Tangible fixed assets|fund|7,982,988|||1,435,720|6,547,268| |General
fund|||9,171,721|4,999,513|2,039,336|12,131,898| |||7,982,988|11,375,939|5,270,398|3,475,056|21,154,269| ## ## ||operating|leases for th|e use|of|land snd buil|dings:|||| |---|---|---|---|---|---|---|---|---|---| |||||||||~22|~22| ||Payable|within one|year|||||435,065|466,437| ||Payable|within two|to five|years||||704,809|1,166,281| ||Payable|in more than five||years|||||26,926| |||||||||1,139,874|1,659,644| |23.|Financial|iggtgtttnattla|||||||| ||Financial|assets|||||||| ||Financial assets measured|||at|fair value|||16,606,243|13,431,011| ||Financial assets that||are debt||instnunents|measured|||| ||at amortised
cost|||||||5,575,605|2,759,274| ||||||||6|22,181,848|16,190,285| ||Financial|liabilities|||||||| ||Financial liabilities||measured||at amortised|cost||1,602,592|2,348,521| ## ## |Pri r
' s
temen
f|financial activities||||| |---|---|---|---|---|---| |||Unrestricted|Restricted|Endowruent|Total| |||~fund|finds||| |Income;|||||| |Donations
and fundraising||1,515,441|120,142||1,635,583| |Legacies||3,248,749|||3,248,749| |Charitable
activities|||||| |Grants||3,905,972|1,263,904||5,169,876| |Other trading
activities|||||| |Charity shops sales||2,082,592|||2,082,592| |Donated
agency sales||589,397|||589,397| |Rental income||11,655|||11,655| |Investment
income||217,620||81,942|299,562| |Other||31,136|||31,136| |Total income||11,602,562|1,384,046|81,942|13,068,550| |Expenditure:|||||| |Raising funds|||||| |Fundraising
and promotion||791,829|||791,829| |Charity shops expenditure||1,992,120|||1,992,120| |Investment
manager's|fees|50,062|||50,062| |Charitable
activities|||||| |Cost ofoperation of|hospice|8,450,935|1,261,160|81,942|9,794,037| |Other|||||| |Interest on loan fiom|The Governors||||| |ofthe Peabody Donation Fund||36,799|||36,799| |Total expenditure||11,321,745|1,261,160|81,942|12,664,847| |Net losses on investments||(355,642)||(259,081)|(614,723)| |Net (expenditure)/income|before transfers|(74,825)|122,886|(259,081)|(211,020)| |Transfers between
funds||118,341|(118,341)||| |Net (expenditure)/income|after transfers|43,516|4,545|(259,081)|(211,020)| |Other recognised losses|||||| |Actuarial losses on defined benefit|||||| |pension scheme||(462,000)|||(462,000)| |Net movement
in funds||(418,484)|4,545|(259,081)|(673,020)| |Reconciliation offunds:|||||| |Total funds brought
forward,|||||| |1st April 2019||19,097,650|99,340|2,630,299|21,827489| |Total funds carried forward,|||||| |31stMarch 2020||18,679,166|103,885|2,371,218|21,154,269|