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2023-03-31-accounts

North< London Hospice IMPACT REPORT & AUDITED ACCOUNTS 2022/23 northlondonhospice.org

Contents

Message from Chair and Chief Executive 4
Our Year in numbers (Impact) 6
Our Strategy and Ambitions 10
Vision, Purpose & Values 10
Achievements against Strategic Ambitions 13
The Patient Stories 22
Fundraising 24
Trustees’ Annual Report
Structure, Governance & Management 30
Independent Auditors Report 42
Statement of Financial Activities 46
Our Trustees 66
Our Executive Team 67

The Board of Trustees of the North London Hospice (‘The Hospice’) presents its Impact Report & Audited Accounts for the year ended 31 March 2023 in accordance with the provisions of the Companies Act 2006 and the Charities Act 2011. The audited accounts for that year are also presented and comply with the Companies Act 2006, the hospice’s governing document and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

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Message from Contents Chair and Chief Executive

“The best of life at the end of life, for everyone”

London – Palliative Advice Team (Single Point of Access service), with North London Hospice appointed as the lead provider.

All that we do at North London Hospice is driven by the spirit behind these words – our vision.

This has been the culmination of many years of work by the team, and it is a very positive development for the provision of hospice care across the five boroughs of Barnet, Enfield, Haringey, Camden, and Islington – opening opportunities for us to work in two new boroughs.

We’d like to start by saying a huge and heartfelt thank you. Whether you’re a supporter, member of staff, a volunteer, or a partner, we simply couldn’t have had such a positive year without you.

Our new brand and visual identity, launched in September 2022, won Gold at the London Design Awards and has received an overwhelmingly positive reaction from supporters and stakeholders. We are looking forward to being bolder and more ambitious with our design work and our new brand guidelines and visual identity will allow us to do this and will help us to raise our profile.

In 2022-23 we were still in a period of recovery from the Covid-19 pandemic which posed significant challenges for us and affected every aspect of the hospice’s operations. From our priority of keeping our patients, staff, and volunteers safe, to our income generation, every single aspect of how the hospice is run and operated has continued to be reviewed and carefully monitored by our Executive Team, Committee Governance and Board of Trustees.

Lis Burgess Jones Chair

Rising energy costs, increases in the cost of living and the impact of events on the international stage will inevitably affect our communities, our staff, and volunteers and on the capacity of North London Hospice to continue to provide the wide range of services that we currently support.

It was another year of extraordinary challenges for end-of-life care and our services at North London Hospice. But your support helped us build, develop, and grow in key areas to meet the needs of our community and work towards achieving our vision. As an organisation we have continued to be dedicated, creative, innovative, and responsive. Despite the operational pressures, we have remained focused on continuing to deliver quality improvements to patient care to our communities in Barnet, Enfield, and Haringey.

We are confident that our key strategic relationship with the North Central London Integrated Care Board will continue to contribute positively to the wider discussion of specialist palliative care in North London as Integrated Care Systems emerge.

Whilst much of our attention through the year has been focused inwards, there have also been some important, long-awaited developments in service provision, most notable of which has been the commissioning of the five borough North Central

Every day, we all have the pleasure to work alongside the best staff and volunteers who help to make our charity the special place it has become within the communities of Barnet, Enfield, and Haringey. We can’t put a value on what our

services mean to all the patients, families, and friends that we have cared for and supported over the years and will continue to support for years to come, but we can talk with pride, as we hope you all do, about how important our work is at North London Hospice.

What we provide at North London Hospice is priceless to the people we help because it is about quality of life at a point at which life itself becomes limited and each moment, each day becomes precious. The best of life at the end of life has become our clearly defined vision – and reminds us every day of the principle that we are a person-centred organisation not just for 250 staff and 600+ volunteers, but also for the patients, their families and friends and the wider community.

Thank you for reading – we hope you find this report helpful and informative.

Lis Burgess Jones Declan Carroll Chair Chief Executive Board of Trustees

Declan Carroll Chief Executive

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Social Work and Bereavement

1343[Referrals to Social Work Team]

7818

contacts and consultations

Referrals to Bereavement Team 236

referrals to all our clinical and patient services through our First Contact Team

Enfield

23,171 visits by our Community Palliative Care Service to our patients

Inpatient Unit

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Barnet
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284

Admissions

Haringey

15 days

Haringey

Average length of stay

Outpatients and Wellbeing Service

1488 271

380

People reached across our communities through planned talks and events as part of our Community Engagement strategy

Trained Compassionate Neighbours with 165 referrals through the year

Contacts and consultations with patients in our Outpatient & Wellbeing service

Bereavement connections made 1889

Palliative Care Support Service (PCSS)

390

Number of patients supported

32

Average hours of direct care provided per patient supported

Community Overnight Service

6232

Total number of calls received through our overnight specialist support team (5pm - 8am)

316

Total number of visits (8pm - 8am) up to February 2023

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Contents1476 1074 94% attendees at 114 attendees at 106 Staff compliance with internal training external training mandatory training courses courses

Learning & Development

wonderful people donated and fundraised for us in the year

4796

Fundraising

items sold in our shops, 17 788,018 supporting our commitment for recycling and our green Shops pledge

£3.54 million Gross income

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Retail
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30 34 Staff left our charity new staff joined in in 2022/23 2022/23

Human Resources

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Our Strategy and Ambitions 2021-25

Our Vision The best of life, at the end of life, for everyone Our Purpose North London Hospice - working together to provide palliative care and support, when and where you need us most

Our Values Collaborative and learning C Open and honest O R Respectful and empowering Equal and inclusive E

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Our key Strategic Ambitions within our Strategic Plan (2021/25) are the driver for success and enable us to provide the best of life, at Contents the end of life, for everyone, in the communities we support across the London boroughs of Barnet, Enfield, and Haringey.

Our Achievements for 2022/23:

AMBITION 1 – Our Reach

We will drive innovation and deliver quality through everything we do

We will ensure outstanding care and support is at the heart of what we do, offering this across our community to those facing a life limiting illness. We will increase the number of people provided with personalised care through service and operational improvements, so that our hospice continues to play a vital role for the communities we serve. We will review services and support functions as appropriate, change models and delivery where necessary and develop new initiatives.

AMBITION 2 – Our Duty We will manage our charity efficiently and effectively to achieve long term sustainability

We are committed to ensuring financial stability and long-term viability, whilst investing for growth and development. We will manage our resources to ensure we achieve the greatest impact with our work in our community. We will work together in partnership, and in an integrated way to achieve our ambitions. We will transform communication and information sharing and deliver improved systems and ways of working with investment in technology.

AMBITION 3 – Our Commitment

We will value and support our staff and volunteers to do their jobs well

We will recruit, retain, and invest in our people to be the best they can be. We will use our expertise and skills to improve, and deliver, the palliative care and support we pride ourselves on to more people across our community. We value equality, diversity and inclusion and will develop leadership and our workforce which is representative and responsive to the communities we support.

AMBITION 1 – Our Reach

We will drive innovation and deliver quality through everything we do

Strategic Objective: We will increase the number of people provided with outstanding, personalised care through all our services

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OUR 2022-23 AMBITION WHAT WE ACHIEVED
We will work with North Central London (NCL), Working with the NCL Integrated Care Board and
partners, and within the Integrated Care Marie Curie, we launched our new single point of
System, to ensure equitable delivery of care access, Palliative Advice Team, for out of hours
and support, delivered through a Single Point of across the five NCL boroughs in February 2023.
Access North London Hospice was appointed as the
lead provider to deliver this service
We will review and relaunch our Health and We reviewed and relaunched our service
Wellbeing Service, integrating existing services – Outpatients & Wellbeing – with further
to reach out and engage more to achieve development and expansion agreed for 2023/24
greater impact
We will review our Inpatient Unit (IPU) and We commenced a review of IPU – looking at
introduce new models of care and support to admission and discharge processes together
achieve greater impact with looking at patient care. We conducted a
feasibility study of the building and facilities and
more detailed work is planned across all these
areas in 2023/24
We will listen to feedback from patients and We launched a new Patient Experience and
relatives and adopt a culture of continuous Engagement Strategy and employed a new
improvement manager to take forward improvements in this
area. More volunteers were recruited to help
deliver on year one of the strategy – with an
aim for improvements evidenced in 2023/24
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Strategic Objective: We will expand our care delivered at home, in the community, our advice, and other services through partnerships to offer 24-7 care and support to those who need it

OUR 2022-23 AMBITION

WHAT WE ACHIEVED

We will review and expand our Compassionate We secured additional funding through City Neighbours programme Bridge Trust to recruit additional resources to grow our service. We have 271 trained compassionate neighbours supporting a 7% increase in community referrals

Strategic Objective: We will increase our knowledge of the palliative care needs of the communities in our area and adapt care, support, services, and information to support them

OUR 2022-23 AMBITION

WHAT WE ACHIEVED

We will deliver on a Community Engagement Strategy reaching into our communities and promoting our work around Equality, Diversity & Inclusion

We launched a new Community Engagement Strategy in October 2022 to support greater reach into our communities. We reached 380 people through planned talks and events

We will review the data we collect and use Although data is collected across North London greater analysis and outcomes to influence Hospice, we have identified further work to services, capacity, increase income and impact maximise the use of data and how we report across our charity against activity. New scoreboard reporting was introduced in the year which will be developed further in 2023/24

Strategic Objective: We will use our knowledge and expertise to educate and train others

OUR 2022-23 AMBITION

WHAT WE ACHIEVED

We will participate in research where it This year the hospice has been involved in several supports our work and helps us deliver our ethically approved research studies: strategic ambitions CHELsea II Trial: A Cluster Randomised Trial of Clinically Assisted Hydration in Patients in the last days of life. We have been accepted to participate as a site in this National Institute for Health Research national study. The study started in September 2022 and is open to all eligible patients admitted to our IPU at the end of life. Medicines Reuse: We participated in a small research project conducted with our pharmacist undertaken by Reading University. The aim of the study was to gain an understanding of the behaviours and barriers around medicines reuse, particularly for those collaborating directly with patients in a care home or hospice setting

NHS Blood and Transplant (NHSBT): Eye Donation from Palliative and Hospice Care Settings: Investigating Potential, Practice, Preference and Perceptions (EDiPPPP). We are also taking part in a research pilot with the NHS Blood and Transplant service exploring if patients who die in the IPU hospice environment may be eligible for Corneal Donation

We will influence policy makers to appreciate, Our Chief Executive is a member of the Hospice understand, and respond to, the needs of those UK Advisory Council and represents London at living with a life-limiting illness a national level. We have responded to several national campaigns to influence policy relating to end-of-life care

AMBITION 2 – Our Duty

We will manage our charity efficiently and effectively to achieve long term sustainability

Strategic Objective: We will invest in skills, expertise, and systems so we work and communicate more effectively

OUR 2022-23 AMBITION

WHAT WE ACHIEVED

We will launch a new communication, marketing and digital plan, showing our commitment to making a positive difference

Delivering on the strategy, we launched a new brand and visual identity in September 2022 which is now being rolled out to our shops. The brand won Gold at the London Design Awards in December 2022 and has received an overwhelmingly positive reaction from supporters and stakeholders

We will invest in our workforce and digital We successfully introduced a new infrastructure to ensure that we can Teams based telephone system across communicate effectively with everyone the organisation increasing freephone accessibility to our services and improving our cost base on telecoms and communications

Strategic Objective: We will implement and deliver on an Income Generation Strategy to support the delivery of our strategic ambitions

OUR 2022-23 AMBITION

WHAT WE ACHIEVED

We will appraise all our portfolio of retail outlets and deliver a clear retail strategy that represents an optimum return on investment – increasing our retail income by at least 25% over the next 4 years

Our retail division and teams continued to bounce back after a difficult period of closure in Covid and 2022/23 saw the best trading year in history of the hospice reaching an incredible £3.54 million income – supporting our ability to deliver outstanding care and support to patients and families

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We will increase fundraising income by at
least 25% over the next 4 years by growing our
fundraising activity, including investing in growth
where it delivers a key return on investment		 We launched our new 3-year fundraising
strategy focusing on increasing income
by 50% and increasing our contactable
community by 400%. As part of the strategy,
the team are looking at new products or
areas of fundraising, thinking about what we
can do to increase income as well as attract
new people to support us
We will deliver on our long-term Financial
Strategy to achieve a balanced budget by 2025		 Due to external factors within the economy
and sectors that we work in, we do not
anticipate achieving this ambition by 2025.
The Board of Trustees and Executive Team are
planning a strategic and financial review in
2023/24

Strategic Objective: We will transform our hospice through investment, growth, and development

OUR 2022-23 AMBITION

WHAT WE ACHIEVED

We will build organisational resilience through investment in our infrastructure

A newly refurbished area at the main entrance to the hospice opened in December 2022. Designed with patients, carers, staff, and volunteers in mind, it provides welcoming and comfortable spaces. These areas are well used and appreciated. Office accommodation has also been upgraded to provide more efficient use of space for staff who work closely together across different teams

Strategic Objective: We will innovate, engage, and actively respond to opportunities for working, sharing, and learning from each other

OUR 2022-23 AMBITION

WHAT WE ACHIEVED

We will lead on partnership and collaboration with commissioners, providers, and suppliers, shaping how we design and deliver our clinical, patient, and other services that meet local need and have real impact

We have continued to work in partnership with Noah’s Ark, the Enfield Community Heart Failure team and Enfield Pulmonary Rehabilitation Service. We are also working with the North Central London Cancer Alliance on the Personal Cancer Care Programme.

Partnership working continues with the Barnet Patient Engagement Group and colleagues in Jewish Care, Healthwatch Barnet, Barnet Carers, Age UK, Dementia services, Multifaith forum and GP Patient Engagement to encourage a local conversation about preparing for end-of-life decisions and care. This year, once again, NLH worked closely to produce a public engagement campaign for Dying Matters Week

Strategic Objective: We will reduce our carbon footprint and environmental impact

OUR 2022-23 AMBITION WHAT WE ACHIEVED
We will develop and launch our commitment
to the environment and introduce an improved
working environment for staff and volunteers		 Our refurbishment programme at Head Office
has been achieved with planning around a
sustainable environment. Having opened a
new reception and café at Head Office in the
year, we installed a range of improvements
including air cooling and conditioning and
energy efficient lighting creating a more
pleasant environment for visitors, staff and
volunteers
We will reduce waste by printing less, recycling
more in the offices and in our shops, and
adopting greener procurement policies		 This year saw the installation of new printers
across all offices, with the aim to reduce
paper wastage. Our shops sold over 788,000
items of clothing through recycling – with a
target of 1 million in 2023/24
We will look at measuring our energy and carbon
use and delivering an annual reduction of 10%		 We have unfortunately seen an increase
in energy costs through the year and
been unable to achieve this target. We are
reviewing our energy consumption in 2023/24
– and exploring the installation of solar panels
at Head Office

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AMBITION 3 – Our Commitment

We will value and support our staff and volunteers to do their jobs well

Strategic Objective: We will continue to provide our staff and volunteers with enjoyable and rewarding experiences to be the best they can

OUR 2022-23 AMBITION WHAT WE ACHIEVED

We will publish and deliver on a new people strategy which transforms us from a ‘good’ to a ‘great’ organisation to work or volunteer for – promoting wellbeing for all

Following our office refurbishment we took this opportunity to encourage employees to attend the office more regularly in-line with our Hybrid policy (60/40). Teams are working together in a hot desking capacity, encouraging collaboration, sharing ideas, and working more effectively as a group. Plans are in place to run a staff/ volunteer survey in September 2023, to build on the results of the last survey in 2021. The aim is to encourage suggestions, so we can continue to develop actions to underpin the feedback we receive. All staff have access to our EAP services to support and promote wellbeing for all. Managers have made suggestions on wellbeing through ‘time to talk sessions’, which we will continue to run to ensure that all our staff are aware of the plans we are making for wellbeing resources

We will review our staff terms and conditions and launch a new Rewards Package ensuring it continues to be attractive, affordable, and positively positioned in the market, to be an employer of choice

Our Pay and Remuneration framework was reviewed with a view to creating a system that was fair, equitable and competitive to recruit and retain a high calibre workforce across all disciplines and roles. This work was overseen by a combined Finance and People and Organisational Committee drawing on the experience and knowledge of the Trustees on these Committees.

After some initial disquiet, the review has been accepted and anxieties allayed through careful attention to detail, openness, and responsiveness on the part of Executives and Senior Managers, we launched the new North London Hospice pay structure in April 2023

We will review, develop, and implement improved processes to understand what works best for our existing staff and volunteers, and what could be improved to support retention

With the new appointment of a full-time Director of People & Culture in March 2023, a full review of all our HR and volunteer systems will be conducted to ensure we are attracting and retaining the best talent in relation to our People Strategy.

It has been established that our current HR software is not supporting our needs in relation to our HR transactional flow. Plans are in place to source a ‘fit for purpose’ HR platform to improve our employee life cycle, to deliver a more expanded people dashboard (MI), expand our employee branding and to give our line managers an easy-to-use management employee self-service linking to our payroll and volunteer data platforms

We will continue to train and develop our own professional workforce to deliver the highest level of quality and outstanding service

Mandatory training compliance averaged 94% and a wealth of additional internal courses ranging from assertiveness, coaching and mentoring, customer services and clinical skills training were offered. Continued direct mentoring, preceptorship, support and reflection opportunities were also offered by the L&D team. The addition of the career development fund also supported new learning opportunities for staff. This included the commencement of a master’s degree, a social work apprenticeship and a RGN top up degree apprenticeship. 114 mandatory and nonmandatory training sessions took place for internal staff

We will develop our leaders to not only look at performance and strategy, but also at what they can do to energise and motivate their teams to be their best

The third cohort of the Leading from the middle management training was delivered, culminating in a presentation of their work to colleagues. Work on identified goals currently continues with the support of the management group

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We will create a positive culture throughout There has been a lot going on to improve and North London Hospice, where diversity, encourage a diversity and inclusion culture inclusion and respect are core values and at throughout NLH, which includes the following: ~~Contents~~ the centre of all our activities and enable us to · Launching EDI calendar widen our reach and diversity in terms of staff, · Inclusive leadership training on EDI volunteers, and patients

We will explore, invest, and establish a learning and development service that delivers education inside and outside of North London Hospice, where there is a positive return on investment, adds value to our work and optimises income opportunities

A business case was successful, and this allowed us to recruit to a new Clinical Educator post. This will allow for additional learning and development support of our community teams and to increase the number of external student learners we welcome into the hospice. The delivery of specialist education externally also contributed an income of £90,000 for the hospice

Strategic Objective: We will ensure we train the best to be the best

OUR 2022-23 AMBITION

WHAT WE ACHIEVED

We will continue to train and educate our staff, volunteers and ambassadors and explore how we can share our experience locally and nationally, across the NHS and within other organisations

Several external courses, including our accredited but also bespoke courses, were delivered virtually and in person. All received outstanding feedback including:

“Really good training by really experienced trainers, I feel motivated and engaged”

“The best training ever, it was excellent”

“The training was amazing, and I feel more confident to deliver end of life care”.

The courses also developed long standing partnerships but also created new ones, for example with the Enfield Learning Disability Team on ‘No Barriers Here’.

A poster sharing the successes, struggles and learning from the cohort of Trainee Nursing Associates was also accepted for display at the Hospice UK Conference. The hospice additionally supported one of the Nursing Associates to attend and share their growth and learning with others and was a positive individual learning experience.

In total, 106 external courses were delivered to 1074 learners

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Patient Stories

“The physiotherapists have given me the tools I need to help me with my breathlessness...”

Christian’s Story

Shirley’s Story

Shirley has been receiving support from North London Hospice’s physiotherapy team to help her manage her breathlessness.

Her breathing had deteriorated so much that the 81-year-old mother, grandmother and greatgrandmother found it difficult to leave her second-floor apartment.

Shirley said: “My breathing was getting worse, and it was the fear of not being able to manage if I left home that was holding me back. But the physiotherapists have given me the tools I need to help me with my breathlessness, and I am now able to go out.”

When patient Christian, a refugee from Honduras, said he wanted to return home to spend his final days with his mother, North London Hospice pulled out all the stops to help him achieve his dying wish.

He said: “I am very grateful to the hospice staff for the care that I have received. It has been lovely to feel so well looked after and I am thankful that they are able to support me in my wish to return to my home country to be with my mother.”

Liz Perez, Patient Engagement and Experience Manager at North London Hospice added: “It was a real privilege to be part of the team caring for Christian and hopefully we made some small impact to his end-of-life care. I also think that when you have a team of people both clinical and non-clinical, cross working in this way, it creates an energy where you can collectively achieve amazing things.”

“I am very grateful to the hospice staff for the care that I have received. It has been lovely to feel so well looked after ...”

Scan the QR code to read the full story:

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Contents Fundraising

Introduction

Individual Giving

This year we have concentrated on growing the numbers of people we can mail or email about the hospice. We have increased that number from 3,500 to over 12,000 people this year and have introduced ways to keep those people engaged and loyal to the hospice and our work. In 2022/23, we ran four cash appeals, including a cold door drop appeal that was sent to over 350,000 houses in our area and enabled us to reach our wider community to tell them about our vital work. Our appeals highlighted our community nursing teams and our Compassionate Neighbours programme. We also ran our annual Light up a Life Appeal whereby donors have an opportunity to remember loved ones by donating towards a light on our tree. We were sad that our chestnut tree came down during a storm in October 2022, but were happy to be able still to provide a tree to light up and a wonderful remembrance event in November.

This year has been a year of new beginnings for fundraising at the hospice. In April 2022 our fundraising function was brought entirely in-house with a new Director and significant change to the team. Anna Cooper, our new Director of Fundraising and Communications, took the opportunity to change the structure of the team and invest in experience and expertise.

Whilst the change has left us without a full team for much of the year, she has concentrated on bringing in the right experience and testing new ways to maximise our fundraising ability.

It was noted that delays following postal strikes during key fundraising moments and the cost of living crisis have impacted on income from this income stream.

We also have trialled new ways to manage our supporter experience with a notable success from our Thankathon in January 2023 which saw staff and trustees phone many of our donors just to say thank you for their continued support. Donors had wonderful feedback about feeling appreciated and valued.

Our Local Hospice Lottery programme continues with 262 players and we are looking to ramp up those numbers with a new staff member dedicated to supporting our local canvassing. We continue to work with the Local Hospice Lottery to recruit new players and increase the number of games played.

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We remain thankful to each of our donors who kindly set up regular gifts for the hospice - these gifts help the hospice with longer-term, sustainable financial planning and we are looking to increase the number of committed supporters the hospice has over the next few years.

Over the year, a number of people took part in a range of events from running and cycling events to global challenges. Either organising the activity themselves or through a third party. Together, they raised over £40k.

Challenge events fundraising

Challenge event participation is slowly coming back after the drop-off during Covid although the cost of living crisis has also had an impact on how comfortable people are with asking for sponsorship from friends and family. Still affected by the delays and cancellations during the pandemic, the London Marathon was again held in October 2022 rather than it’s usual April spot. The 2022 marathon saw 22 runners raise over £50k overall for the hospice. Brothers, Tom, Jack and Dan took part in the marathon and together raised £7,919 and said “The big day itself was one that we will never forget. Quite simply, it was one of the best of our lives.”

Our largest owned-event, the Big Fun Walk was finally run in person again after Covid with an incredible 1,100 Participants, who together raised an incredible £151,852 it was wonderful to be back to an in-person event this year and the take up and fundraising reflected that with our walkers. Joan Roberts takes part every year with a large team and says they are delighted to raise money for the hospice.

Many charities have noted reduced average gifts and take up of places since Covid and we’re no exception, but we are testing new recruitment methods and hope to see interest in mass events continue to grow as the confidence in mass events grows once again.

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Craft

Community-based Fundraising

Community Fundraising struggled through the pandemic but this year, it has started to pick up with 269 supporter led events happening over the course of the year. We could not be more grateful for the time and effort put in by our community fundraisers.

Overall, more than £200k was raised over the year, which has included a variety of community-based fundraising events including Aldenham Golf Day, the opening of our Patron – Penny Gluckstein’s beautiful garden at Highwood Ash and continued support from Proms at St. Jude’s. We’ve also gratefully received support from local business, including HSBC, Nest Sewing School and SGN Retail. We remain incredibly grateful to our Support Groups and the dedicated individuals who commit their time to planning fundraisers in support of the hospice. Their decades of support are just incredible and their passion when talking of the hospice is inspiring. We’re delighted to have support from across all three boroughs in our local community. A huge thank you and well done to all!

We tested a new initiative this year - building on our “Big Fun” fundraising activities, we introduced Big Fun Craft in February 2023. We tested reaching supporters via Facebook as a method to recruit new supporters and were delighted to have attracted 1,154 people to take part. Of these, only 38 were current supporters, so it was a wonderful way to bring in new support from our community. We were able to link with some of the work done by the hospice and having local corporate sponsors for the activity meant that we were able to offer in-person events and some great prize incentives to our top fundraisers. One supporter, Lilian, said “It’s been so much fun and raised money to support such an important local charity.”

Gifts in Wills

Gifts in Wills remain our largest single source of fundraised income. In 2022/23, we received £1.25m from 37 legators. Income was less than the previous year, but we recognise that there have been challenges within the probate service that have impacted the number of notifications we have received. We know that a gift in someone’s Will is an incredible way for them to recognise the vital support we offer to our patients and their loved ones and we are very grateful for every gift. Gifts ranged this year from £100 to £425,000.

We’d like to take this opportunity to thank those donors and their executors for administering the gifts.

Giving in memory of a loved one

In memory giving is a very special and important income stream for the hospice and again demonstrates the high standard of care received by patients and the deep appreciation and gratitude our community has for the hospice as a result. During the year, we have repositioned our Tribute Tree giving it a great position of prominence in our reception area, however during the refurbishment we had to put the tree and leaves into storage for four months and were unable to offer new leaves to start in this time and extended the current leaves’ time mounted on the tree commensurate with the time the tree was not displayed. We mounted 33 new leaves this year. We have continued working with Much Loved and have seen that people are becoming much more comfortable with using online remembrance and collection tools.

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Contents

Support from Charitable Trusts

The support of charitable trusts and foundations is essential for the work of North London Hospice. It allows us to continue providing specialist support to our patients and those who matter the most to them, at both the hospice and within the community. During the 2022/23 financial year, we received £283,337 from trusts and foundations, with gifts ranging from £50 to £50,000. Unrestricted donations from trusts and foundations totalled £197,436. During the next financial year, we look forward to further strengthening our relationships with our highly valued current supporters.

We have listed Trusts who have donated over £5,000 to the hospice during the year. We would like to thank their recognition of our work and their generous donations.

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Anonymous Foundation £50,000
The Thompson Family Charitable Trust £50,000
Milton Damerel Trust £30 , 000
The Albert Hunt Trust £20,000
The Morrisons Foundation £18,979
Masonic Charitable Foundation - Hospice UK £13,922
The Ambulance Wish Foundation £10,000
The Charles Wolfson Charitable Trust £5,000
Edith Murphy Foundation £5,000
Barnet Council - The Edward Harvist Trust £5,000
Anonymous Foundation £5,000
Anonymous Foundation £5,000
H and M Charitable Trust £5,000
Anonymous Foundation £5,000
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Trustees’ Annual Report for the Year ending 31 March 2023

How we are Governed

North London Hospice is a company limited by guarantee – registered number 1654807 and a registered charity in England and Wales (charity number 285300). Our constitution is our Articles of Association, which were first adopted on 29th July 1982 and amended on 13th January 2022. The hospice has a wholly owned subsidiary ‘North London Hospice’ (Trading) Limited (charity number 2268094) – the subsidiary company did not trade in the year ending 31st March 2023.

Objects, objectives, and principal activities:

The hospice’s objectives are:

Structure, Governance & Management

Our Trustees

Governance

Our charity is governed by the Board of Trustees who are legally responsible for directing our affairs. The Board determines our long-term strategy and approves our annual strategic priorities and budget. Specific responsibilities are delegated to a number of committees which report back to the Board on a regular basis. The Board delegates day to day management of the charity to the Chief Executive and the Executive Team.

The Committee framework, introduced last year, has been integrated positively into our governance structures. Each Trustee is required to disclose potential or actual conflicts of interest to the charity as part of an annual review and at the start of each meeting. The Board continues to adopt the principles of good governance in the Charity Governance Code. These principles underpin the Board’s governance and form an integral part of the programme of change we have undertaken. The Trustees have taken account of the Charity Commission’s general guidance on public benefit when reviewing our aims, objectives, and planning.

During the year under review – no Trustees retired or were recruited, although we did have two very valuable colleagues retire from office in June 2023 - Carol Holmes and Jennifer Walters - both of whom have offered very valuable skills and insight to the Board and Executive Team and will be sadly missed - thank you both for your loyalty and support.

Board Committees

Board Development Committee

– responsible for Board governance arrangements and succession planning and recommendations for the appointment and reappointment of governance and executive positions. Oversight of the performance of and recommendations on the remuneration of the Chief Executive and Executive Team.

New Trustees will be recruited in 2023 through a process of advertisement, application, and interview, based on a range of selection criteria to seek a diverse variety of skills and experience. We will offer those appointed a tailored induction programme, including interaction with our services, and meetings with the Chief Executive and members of the Executive Team. All Trustees are asked to complete e-learning on a set of key areas and Trustees are not remunerated for their services.

Finance & External Audit Committee

– responsible for the strategic oversight and effective use of the charity’s financial resources and investments. To oversee associated policy, strategy, and performance across all finance and investment areas.

All Trustees complete an annual appraisal process with the Chair and Vice Chair together with completion of our Fit & Proper Persons declaration and approved Code of Conduct.

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Clinical Governance & Assurance People and Organisational Development Committee Committee – responsible for oversight and delivery – responsible for strategic oversight of the Contents

Statement of Trustees’ Responsibilities and Corporate Governance

– responsible for oversight and delivery assurance of the People, Equality, Diversity & Inclusion strategy, and Volunteering. To oversee associated policy, strategy, and performance across all people (staff & volunteer) areas.

– responsible for strategic oversight of the charity’s clinical and patient services to ensure they are safe, effective, caring, responsive and well-led. Provide assurance to the Board on all aspects of the quality of clinical care, clinical risk management, clinical governance systems, compliance with clinical regulatory requirements and standards of quality and safety. To oversee associated policy, strategy, and performance in all clinical areas.

The Trustees are responsible for their annual report, and for the preparation of accounts for each financial year which give a true and fair view of the incoming resources and application of those resources during the year, and of the state of affairs as at the end of the financial year. In preparing these accounts, the trustees are required to:

Retail Committee

– responsible for development and delivery of the retail strategy, exploring shop growth with return on investment and overseeing associated policy, strategy and performance across the retail areas.

Fundraising Committee

– responsible for strategic oversight of the fundraising delivery and services. To oversee associated policy, strategy, and performance across all fundraising income areas.

Please see page 66 for a full list of Trustees, which also shows movements through the year under review.

Reserves Policy

The Trustees recognise that the current level of reserves is higher than policy and planned. This does however, give Trustees the assurance with deficits forecast in the 2023-25 planning cycle, general unrestricted reserves are likely to be above the 12 months operating expenditure level while investing in our infrastructure and expanding our reach and the services the hospice offers to its patients and their families, thereby increasing the hospice’s baseline costs.

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The Trustees confirm that they have complied with the above requirements in preparing the accounts.

Accordingly, the existing policy is at a level that the Trustees consider will be adequate. The policy is to always maintain unrestricted reserves at a minimum of nine months of unrestricted operating expenditure, taking account of future forecasts.

The Trustees have overall responsibility for ensuring that the hospice has appropriate systems and controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the hospice and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the hospice and for their proper application as required by charity law, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that:

Current levels of expenditure and maintaining our unrestricted general fund will ensure longterm financial stability and enable the hospice to withstand external events which may affect the level of income received. Planned investment from reserves as part of our strategic priorities in 2023-25 will result in the reduction of the current level of unrestricted general fund.

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Investment Policy

The Memorandum and Articles of Association do not place any restrictions on the investment policy to be adopted. The Trustees have invested surplus funds, whilst ensuring easy access to meet the operating costs of the hospice.

Specific investment powers are delegated to Newton Investment Management Limited under the following restrictions:

Principal Risks & Uncertainties

The Board of Trustees has overall responsibility for risk management of North London Hospice. This includes setting the risk appetite for the charity, ensuring there are reasonable procedures in place for the prevention and detection of major risks, including fraud risk and other irregularities, and ensuring that risk procedures are reviewed when issues arise.

During the year under review, we again improved our risk management processes, and our committee and governance structure was strengthened to help us manage our approach to mitigating against risk across North London Hospice.

In addition, we have policies and procedures to identify and manage risks arising from our existing operations and strategic development, and to provide reasonable assurance against material errors or loss.

Planning & Performance

We operate a comprehensive annual planning and budgeting process. We monitor performance through use of key financial and performance indicators which compare actual results and activity against our plans and are routinely reported to the Board of Trustees. A phased budget and regular forecasting enable the Trustees and the Executive Team to link financial performance with resource and activity levels. The Finance & External Audit Committee has delegated oversight into this area.

A review of our data collection and reporting is planned in 2023/24 - to improve both presentation, scrutiny and assurance.

Internal Audit

Internal controls are subject to scrutiny by each committee – we carry out a programme of cyclical reviews throughout North London Hospice. The Executive Team approves and presents the annual audit plan, scrutinise regular reports and present to each committee on progress against the audit plan, the effectiveness of controls in audited functions, and recommendations and learnings from audits.

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Key Strategic Risk An overview of our key strategic risks for 2022/23 and the actions we have taken to mitigate them is summarised in the table below. Each risk area is supported by relevant policies and procedures that are Contents regularly reviewed and updated, and subject to compliance testing.

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Risk How we mana e it
g
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CORONAVIRUS
– that coronavirus continues to
significantly impact upon our ability to
deliver services
Risk closed in December 2022		 •Business continuity meetings to manage ongoing
issues as they arise and to seek to mitigate the risks
coronavirus presents to our future
•Executive Team leadership and discussion
•Clinical Governance & Assurance Committee
FINANCIAL SUSTAINABILITY
– risk that the charity has insufficient
funds to deliver plans to sustain services		 •Regular monitoring of income and expenditure
and regular financial planning and review
•Internal financial controls and policies
•Diversification of income streams and
maintenance of prudent financial reserves
•Expert external management of investments
•Charity-wide assurance groups
SERVICE QUALITY
– risk of quality failure that may result in
patient or user harm		 •Robust clinical governance processes and
oversight
•High quality specialist training for staff
•Quality reviews and compliance checks
•Reviewing and action of patient and carer
feedback, incidents and complaints, and trends
•Proactive engagement with partners
STRATEGY AND CHANGE
– risk that the charity is unable to adapt
to the changing environment it works in,
without clear strategic and operating
plans, which may well lead to reduced
ability to deliver the highest impact		 •Strategic plan 2021-25 - and reporting against
achievements, failures and learning
•Board of Trustees oversight of strategy and delivery of
operational plans - strategic awaydays
•Executive Team and Board oversight of significant
change programmes
•Balanced scorecard reporting
PEOPLE, CULTURE, WELLNESS
– risk that the charity is unable to
recruit, retain and support suitable staff
or sustain a culture that supports the
delivery of its strategy		 •Learning and Development programmes
•Benchmarking of remuneration and benefits
•Comprehensive and innovative recruitment methods
•Staff and volunteer engagement surveys and forum
feedback mechanisms
•Equality, Diversity & Inclusion Strategy, action plan and
forum
•Freedom to Speak Up Guardians
•Access to Employee Assistance Programme
& Occupational Health
•People Strategy– 2021 - 2025

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Risk How we mana e it
g
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Risk How we manage it
SAFEGUARDING
– risk that inability to safeguard
vulnerable adults may lead to serious
harm/abuse		 •Safeguarding leads within the charity
•Safe recruitment practices, including
pre-employment checks and screening
•Regular role-specific mandatory safeguarding training
•Promotion of Freedom to Speak up Guardians
GOVERNANCE & COMPLIANCE
– risk that failures in governance or
compliance may lead to poor decision
making, or legal or regulatory action		 •Clinical Governance & Assurance Committee and
charity-wide assurance groups to monitor standards,
performance, service developments, incidents, and
complaints
•Board Governance Structures
•Policies, procedures, and guidance supported by
training and specialist roles
HEALTH & SAFETY & THE
ENVIRONMENT
– risk that failures to act in accordance
with guidance could cause harm,
negatively impact service delivery and
lead to legal or regulatory action		 •Charity wide Health & Safety Group and external
consultant & advisor
•Project group to examine environmental impact of
our activity
•Green Pledge
DATA GOVERNANCE, SECURITY,
PRIVACY AND QUALITY
– risk that inadequate systems for the
governance, privacy and security of data
may lead to harm, negatively impact
service delivery and lead to legal
or regulatory action		 •Privacy and security impact assessments for all
new business initiatives
•Security audits and reviews
•Mandatory training and guidance for all staff
•Specialist roles – Senior Information Risk Officer,
Data Protection Officer, Caldicott Guardian
•Information Governance Group – through business
continuity policy
INFRASTRUCTURE
– risk that core systems and technology
are inadequate to serve strategy and
service needs		 •Internal audit and self-assessment
•External testing and benchmarking
•Continuous improvement programmes
•IT support and new strategy
REPUTATION
– risk that incidents or events may
damage or negatively impact our
reputation or operations		 •Business continuity plan
•Executive Team meetings
•Public liability and professional indemnity insurance
•Communications Team

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Complaints and Concerns

Financial Review of the Year

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Quality Performance Indicator 2022-2023
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Quality Performance Indicator 2022-2023
Number of Complaints (NLH target fewer than 30) 21
Investigations completed, complaint upheld/partially 20
Investigations completed, complaint not upheld 1

NLH receives complaints about clinical and non-clinical (charity shops) aspects of its business. This year we received a total of 21 complaints:

• 13 were clinical (patient service) 5 were retail, 2 related to facilities, 1 related to social worker services

The 13 clinical complaints involved our Inpatient Unit, Community teams and PCSS service. Less than 1% of patients and families supported by NLH this year made a complaint.

The themes of clinical complaints raised this year were predominantly communication of staff to service users and care of patients.

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Whilst the previous year saw a healthy surplus, thanks largely to a £1.1 million increase in the value of investments and certain Covid-related grants, the current year has proved more challenging. Unexpectedly, legacy income received was around 50% of the long-term average, investments saw a fall of over £0.5m and inflationary pressures continue to be seen in many areas of expenditure. As the charity approaches the midpoint of a 5-year strategy, it will continue to undertake a review of the impact achieved alongside a sustainability review, which will enable the charity to continue to offer ‘The best of life at the end of life, for everyone’.

Total net movement in funds saw a reduction of £3.0 million in the year ended 31 March 2023 (2022: £2.6 million surplus). Of the total net reduction in funds, £2.9 million (2022: £2.3 million surplus) was unrestricted.

Total incoming resources were £12.1 million in the year ended 31 March 2023, compared with £15.0 million in the year ended 31 March 2022.

Total donations and fundraising were £1.7 million, of which £0.1 million is restricted income. This was a reduction of £1.1m from the previous year, which included some additional Covid grants/ donations, but was in line with average yearly donations from 16/17 to 20/21 of £1.7 million.

Legacy income of £1.3 million in 2023 was £1.2 million lower than the previous year. With legacy receipts fluctuating from year to year the charity will continue to forecast based on a 10-year average of legacy income.

Total grants income was £5.2 million compared with £5.9 million in the previous year of which £1.3 million (2022: £2.1 million) was restricted.

This reduction reflects the additional grants received in prior year and not in FY22-23, primarily NHSE Covid-19 Emergency Funding of £1m.

Other trading activities reflect the charity shops operations, made up of sales of £3.0 million (2022: £2.8 million), donations of agency sales and Gift Aid of £485K (2022: £626K) and rental income of £12K (2022: £12K).

Investment income of £319K was £77K higher than the previous year, offsetting a net loss on the value of the investments of £511K, reflecting the current economic climate and a fall in market valuation. Prior year investment gains totalled £1.1m.

Total expenditure was £14.5 million, compared with £13.5 million in the previous year. With inflationary pressures continuing to have a significant impact on expenditure the charity is aware that long term deficits are unsustainable and will look to seek a balanced budget within 3 years.

The current year included one-off investments in infrastructure and additional staff payments, alongside various items of expenditure in clinical services approved by the Board. It allowed for the continuation of clinical services funded by the NHS as part of the Sustainability and Transformation Partnerships (STP) and the newly commissioned Single Point of Access (SPA) Service. The continuing rise in inflation has proved challenging for the charity and continues to affect all lines of expenditure.

During the year the hospice utilised the help of over 600 volunteers across all services. The value of this work is difficult to quantify but is crucial to continuing the work of the hospice at its current level.

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Position of the Charity at the End of North London Hospice’s objects comply directly the Year with two of the Charities Act’s descriptions of “charitable purpose”: The unrestricted general fund at the year-end Contents

The unrestricted general fund at the year-end represented some 16 months of underlying unrestricted expenditure and is above the reserves policy of holding at least 9 months of unrestricted expenditure.

The hospice’s charitable purpose is enshrined in the wording of the hospice’s objects.

Principal Risks and Uncertainties

As referred to in the message from the Chair and Chief Executive, there are continuing challenges facing all hospices, to which North London Hospice is not unique. Whether that is uncertainty regarding the levels of future NHS funding, inflationary pressures or increasing fundraising targets, all of these have a part to play in ensuring North London Hospice continues to deliver the wide range of services that are currently supported. The hospice will continue to look to invest reserves in areas which result in quality improvements in patient care.

The Trustees ensure that this purpose is carried out for the public benefit by delivering services that are valued by our patients, their families and friends and the community in general.

Hospice services are available to those most in need of the services in the London boroughs of Barnet, Enfield, and Haringey. The hospice provides specialist palliative care in an inpatient, outpatient and therapies and community setting.

Disclosure of Information to the Auditor

As far as the Trustees are aware, there is no relevant information of which the company’s auditor is unaware. The Trustees have taken all the steps that they ought to have taken as Trustees to make themselves aware of any relevant audit information and to establish that the company’s auditor is aware of that information.

Public Benefit Statement

The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit, “Charities and Public Benefit”.

Approved by the Board of Trustees on 5 September 2023 and signed on its behalf by:

ELISABETH BURGESS JONES Chair

ANDREW J. HARRIS Company Secretary and Honorary Treasurer

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Independent Contents Auditors Report to the Members of North London Hospice

Opinion

We have audited the accounts of North London Hospice (the 'charitable company') for the year ended 31st March 2023 which comprise the statement of financial activities, the balance sheet, the statement of cash flows, the principal accounting policies and the notes to the accounts. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including “The Financial Reporting Standard Applicable in the UK and Republic of Ireland”(United Kingdom Generally Accepted Accounting Practice).

In our opinion the accounts:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of accounts section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the accounts, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the accounts is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Trustees’ annual report, including the strategic report and the impact report, other than the accounts and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the accounts does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the accounts themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ annual report including the strategic report and the impact report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Trustees’ responsibilities statement set out on page 33, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.

In preparing the accounts, the Trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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Auditor’s responsibilities for the audit of the accounts Contents

Auditor’s responsibilities for the audit of the accounts

Our objectives are to obtain reasonable assurance about whether the accounts, as a whole, are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users, taken on the basis of these accounts.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

How the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the charity’s accounts to material misstatement, including how fraud might occur by:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify noncompliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

29 September 2023

Edward Finch

(Senior Statutory Auditor) for and on behalf of

Buzzacott LLP, Statutory Auditor

130 Wood Street London EC2V 6DL

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

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Statement of Contents Financial Activities

NORTH LONDON HOSPICE STATEMENT OF FINANCIAL ACTIVITIES, INCLUDING THE INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED:
Income:
Donations and fundraising
Legacies
Charitable activities
Grants
4
Other trading activities
Charity shops sales
Donated agency sales
Rental income
Investment income
5
Other
6
Total income
Expenditure:
Raising funds
Fundraising and promotion
7
Charity shops expenditure
8
Investment manager’s fees
Charitable activities
Cost of operation of hospice
9
Other
Interest on loan from The Governors
of the Peabody Donation Fund
Total expenditure
Net (loses)/gains on investments
13
Net (expenditure)/income
before transfers
Transfers between funds
18
Net movement in funds
Reconciliation of funds:
Total funds brought forward,
1st April 2022
Total funds carried forward,
31st March 2023		 31ST MARCH 2023 31ST MARCH 2023 2022
Unrestricted
funds		 Restricted
funds		 Endowment
funds		 Total
funds		 Total
funds
1,592,394
1,252,473
3,860,750
3,036,419
485,213
11,845
239,382
59,451		 110,552
-
1,349,472
-
-
-
-
-		 -
-
-
-
-
-
79,567
-		 1,702,946
1,252,473
5,210,222
3,036,419
485,213
11,845
318,949
59,451		 2,806,017
2,468,132
5,944,781
2,774,244
626,378
11,695
242,333
97,649
10,537,927 1,460,024 79,567 12,077,518 14,971,229
1,006,461
2,367,552
55,472
9,372,684
214,425		 -
-
-
1,442,539
-		 -
-
-
79,567
-		 1,006,461
2,367,552
55,472
10,894,790
214,425		 828,006
2,205,813
58,321
10,243,216
130,520
13,016,594 1,442,539 79,567 14,538,700 13,465,876
(448,540) - (62,281) (510,821) 1,114,962
(2,927,207)
89,548		 17,485
(89,548)		 (62,281)
-		 (2,972,003)
-		 2,620,315
-
(2,837,659)
26,935,939		 (72,063)
75,063		 (62,281)
3,249,833		 (2,972,003)
30,260,835		 2,620,315
27,640,520
24,098,280 3,000 3,187,552 27,288,832 30,260,835

All incoming resources and resources expended derive from continuing activities. The statement of financial activities includes all gains and losses recognised in the year. The detailed comparative information for the statement of financial activities is included at note 23. The attached notes form part of these accounts.

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STATEMENT OF CASH FLOWS

~~Conte~~
Fixed assets:
Tangible assets
12
Investments
13
Total fixed assets
Current assets:
Debtors
14
Cash on deposit
Cash on current account and in hand
Total current assets
Liabilities:
Creditors: amounts falling due within one year
15
Net current assets
Total assets less current liabilities
Creditor: amount falling due after more than one year
16
Total net assets
The funds of the charity:
Endowment funds
17
Restricted income funds
18
Unrestricted funds
Designated fund - fixed asset fund
19
General fund
Total charity funds
BALANCE SHEET
Note		 ~~nts~~
8,188,899
7,579,083
15,050,286
15,268,084
23,239,185
22,847,167
3,885,289
7,194,996
3,119,809
2,657,228
142,735
244,318
7,147,833
10,096,542
(1,296,421)
(1,095,534)
5,851,412
9,001,008
29,090,597
31,848,175
(1,801,765)
(1,587,340)
27,288,832
30,260,835
3,187,552
3,249,833
3,000
75,063
6,387,134
5,991,743
17,711,146
20,944,196
27,288,832
30,260,835
31ST MARCH
2023
2022		 ~~nts~~
8,188,899
7,579,083
15,050,286
15,268,084
23,239,185
22,847,167
3,885,289
7,194,996
3,119,809
2,657,228
142,735
244,318
7,147,833
10,096,542
(1,296,421)
(1,095,534)
5,851,412
9,001,008
29,090,597
31,848,175
(1,801,765)
(1,587,340)
27,288,832
30,260,835
3,187,552
3,249,833
3,000
75,063
6,387,134
5,991,743
17,711,146
20,944,196
27,288,832
30,260,835
31ST MARCH
2023
2022
22,847,167
7,194,996
2,657,228
244,318
10,096,542
(1,095,534)
9,001,008
31,848,175
(1,587,340)
30,260,835
3,249,833
75,063
5,991,743
20,944,196
30,260,835

Approved for issue by the Board of Trustees on 5 September 2023 and signed on its behalf by:

ELISABETH BURGESS JONES Chair

ANDREW J. HARRIS

Company Secretary and Honorary Treasurer

FOR THE YEAR ENDED: 31ST MARCH
2023 2022
Net cash provided by operating activities 1,400,838 335,355
Cash flows from investing activities
Investment income
Income from UK listed investments 293,023 241,882
Interest receivable 25,926 451
Purchases of tangible fixed assets (1,065,766) (134,263)
Purchases of fixed asset investments (293,023) (241,882)
Cash used in investing activities (1,039,840) (133,812)
Increase in cash and cash equivalents in the year 360,998 201,543
Cash and cash equivalents at the beginning of the year 2,901,546 2,700,003
Cash and cash equivalents at the end of the year 3,262,544 2,901,546
Reconciliation of net movement in funds to net cash fow
from operating activities
Net movement in funds (2,972,003) 2,620,315
Investment income
Income from UK listed investments (293,023) (241,882)
Interest receivable (25,926) (451)
Depreciation 496,661 385,718
Loss on disposals of tangible fixed assets - 170
Interest payable 214,425 130,520
Net gains on investments 510,821 (1,114,962)
Decrease/(increase) in debtors 3,309,707 (1,243,652)
Increase/(decrease) in creditors 160,176 (200,421)
Net cash provided by operating activities 1,400,838 335,355
Analysis of cash and cash equivalents
Bank deposit accounts (less than three months) 3,119,809 2,657,228
Bank current accounts 139,626 242,595
Cash in hand 3,109 1,723
Total 3,262,544 2,901,546
Analysis of changes in net funds
At start of year Movement At end of year
Cash at bank and in hand 244,318 (101,583) 142,735
Deposits 2,657,228 462,581 3,119,809
2,901,546 360,998 3,262,544

48 NLH IMPACT REPORT

NLH 49

ContentsACCOUNTING POLICIES FOR THE YEAR ENDED 31 MARCH 2022

Company information

North London Hospice is a company limited by guarantee incorporated in England and Wales. The registered office is 47 Woodside Avenue, London, N12 8TF.

a) Basis of preparation of accounts and assessment of going concern

The accounts have been prepared under the historical cost convention with the exception of investments which are included at their market value. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Companies Act 2006 and Charities Act 2011.

The accounts are prepared in sterling, which is the functional currency of the company.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The trustees have prepared the accounts on the going concern basis which assumes the charitable company will continue in operational existence for the foreseeable future as the trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. The level of reserves held mean that the trustees expect the charity to be able to continue its activities for a period of at least 12 months from the approval of these accounts.

North London Hospice meets the definition of a public benefit entity under FRS 102.

b) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the accounts.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the accounts.

Endowment funds are capital funds that must be retained for the benefit of the charity. The use of income arising from these capital sums may be subject to restrictions.

Investment income, gains and losses are allocated to the appropriate fund.

c) Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

c) Income (continued)

Grant and service level agreement income is recognised in the period to which the income relates. Government grant income from the Coronavirus Job Retention Scheme (furlough income) was recognised in the Statement of Financial Activities in the period to which the underlying furloughed staff costs related. Government grant income received from the Retail, Hospitality and Leisure Grant Fund was recognised in the Statement of Financial Activities in the period in which the charity met the criteria for entitlement.

Income from investments has been taken into the accounts when receivable. Interest receivable has been accounted for on an accruals basis.

d) Expenditure and irrecoverable value added tax

Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. Staff and other costs are allocated directly to the activity for which they are incurred. Costs of raising funds comprises the costs associated with attracting voluntary income and the costs of operating the charity’s shops.

Charitable activities expenditure comprises those costs incurred in the delivery of hospice services. It includes both costs that can be directly allocated and those of an indirect nature necessary to support them including governance costs.

Not all value added tax is recoverable. Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

e) Capitalisation and depreciation

The trustees have adopted the policy that small items of expenditure, being those less than £1,000, of a capital nature are not capitalised but are included in resources expended.

Freehold land is not depreciated. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold buildings - 2% straight-line
Furniture, fixtures, fittings
and medical equipment - 20% straight-line
Motor vehicles - 25% straight-line
Refurbishment - 10% straight-line

f) Investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

The charity does not acquire put options, derivatives or other complex financial instruments.

The main form of financial risk faced by the charity is that of volatility in equity and other investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning other markets and within particular sectors or sub sectors.

Donations are accounted for when received by the charity. Donated agency sales relating to proceeds from sale of goods subsequently donated to the charity are accounted for when confirmed by the donor. Tax reclaimed in respect of Gift Aid is accounted for on an accruals basis. Tangible assets donated are included in the accounts at their market value. Goods donated to fundraising shops are included in the accounts when sold. The charity also receives the benefit of work carried out by volunteers, the value of which cannot be quantified.

50 NLH IMPACT REPORT

NLH 51

g) Stocks

Stocks of donated goods to fundraising shops are not reflected in the accounts because the trustees consider it is impracticable to be able to assess the amount of donated goods until sale as there are no systems in place which record these items until they are sold and undertaking a stock take would incur undue cost for the charity which far outweighs the benefits.

h) Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid.

i) Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

j) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

k) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

l) Pensions

The charity contributes to defined benefit and defined contribution schemes on behalf of its employees.

The assets of the defined benefit schemes are held separately from those of the Hospice by the National Health Service Superannuation Scheme.

The assets of the National Health Service Superannuation Scheme cannot be identified on a consistent and reasonable basis. Contributions to the scheme are charged to the statement of financial activities so as to spread the cost of pensions over employees’ working lives with the charity. The contributions are determined by qualified actuaries on the basis of periodic valuations.

NOTES TO THE ACCOUNTS

1. Legal status

North London Hospice is a company limited by guarantee and has no share capital. It is registered in England and Wales. The members of the company are the trustees named on page 1, of which there were 15 at 31st March 2023 (2022 - the same). In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

2. Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Key sources of estimation uncertainty

The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 12 for the carrying amount of the tangible fixed assets and accounting policy e) for the useful economic lives for each class of asset.

3. Group accounts

The charity has one wholly owned subsidiary company, North London Hospice (Trading) Limited. Group accounts have not been prepared as the subsidiary company is dormant and is not material in the context of the group. Accordingly, these accounts present information about the charity as an individual entity and not about its group.

Defined contribution scheme pension costs charged in the accounts represent the amounts payable to the scheme in respect of the year. Where employees’ wages and salaries are allocated to unrestricted or restricted funds, the pension costs relating to those employees, and any associated liabilities, are allocated to the same funds.

m) Operating leases

Rental costs under operating leases are charged in the accounts in equal annual instalments over the period of the leases.

52 NLH IMPACT REPORT

NLH 53

(continued)

Unrestricted Restricted Endowment funds funds funds Total Con ~~tents~~

4. Grants

Year ended 31st March 2023

NORTH CENTRAL LONDON - INTEGRATED CARE BOARD

Barnet
Enfield
Haringey
NHS Partial Offset of Pensions Costs
North Middlesex Hospital NHS Trust
Betty Messenger Charitable Foundation
Year ended 31st March 2022
Barnet CCG
Enfield CCG
Haringey CCG
NHS Partial Offset of Pensions Costs
North Middlesex Hospital NHS Trust
Betty Messenger Charitable Foundation
NHSE COVID-19 Emergency Funding
COVID-19 Retail, Hospitality & Leisure Grant
London Strategic Health Authority
5.
Investment income
Year ended 31st March 2023
Income from UK listed investments
Interest receivable
Year ended 31st March 2022
Income from UK listed investments
Interest receivable		 1,986,772
1,683,778
124,840
65,360
-
-		 215,767
165,077
-
-
778,192
190,436		 -
-
-
-
-
-		 2,202,539
1,848,855
124,840
65,360
778,192
190,436
3,860,750 1,349,472 - 5,210,222
1,861,408
1,655,632
123,060
65,360
-
-
-
70,360
30,000		 212,160
162,318
-
-
669,683
104,781
990,019
-
-		 -
-
-
-
-
-
-
-
-		 2,073,568
1,817,950
123,060
65,360
669,683
104,781
990,019
70,360
30,000
3,805,820 2,138,961 - 5,944,781
214,821
24,561		 -
-		 78,202
1,365		 293,023
25,926
239,382 - 79,567 318,949
169,721
284		 -
-		 72,161
167		 241,882
451
170,005 - 72,328 242,333

6. Other income

Unrestricted Restricted Endowment funds funds funds Total

Year ended 31st March 2023

Education income
38,429
Kickstart Scheme
10,518
Work placement
8,210
Apprenticeship levy top up
1,594
Insurance claim
700
59,451
Year ended 31st March 2022
Education income
52,445
Insurance claim
30,000
COVID-19 - Furlough Scheme
-
£
82,445
7.
Fundraising and promotion
Year ended 31st March 2023
Staff costs
656,366
Other costs
350,095
1,006,461
Year ended 31st March 2022
Staff costs
700,815
Other costs
127,048
827,863
8.
Charity shops expenditure
Year ended 31st March 2023
Staff costs
1,434,193
Other costs
348,096
Rents paid under operating leases
551,895
Rates and water
33,368
2,367,552
Year ended 31st March 2022
Staff costs
1,260,077
Other costs
308,039
Rents paid under operating leases
586,657
Rates and water
40,673
2,195,446
7. Fundraising andpromotion
8. Charity shops expenditure		 38,429
10,518
8,210
1,594
700		 -
-
-		 -
-
-		 38,429
10,518
8,210
1,594
700
59,451 - - 59,451
52,445
30,000
-		 -
-
15,204		 -
-
-		 52,445
30,000
15,204
15,204 - 97,649
656,366
350,095		 -
-		 -
-		 656,366
350,095
1,006,461 - - 1,006,461
700,815
127,048		 143
-		 -
-		 700,958
127,048
827,863 143 - 828,006
1,434,193
348,096
551,895
33,368		 -
-
-
-		 -
-
-
-		 1,434,193
348,096
551,895
33,368
2,367,552 - - 2,367,552
1,260,077
308,039
586,657
40,673		 10,367
-
-
-		 -
-
-
-		 1,270,444
308,039
586,657
40,673
2,195,446 10,367 - 2,205,813

54 NLH IMPACT REPORT

NLH 55

(continued)

tid
Con
Year ended 31st March 2023
Direct costs
Hospice staff costs
Catering and cleaning services
Other medical costs
Support costs
Support staff costs
Premises costs
Other costs
Depreciation
Governance costs (see Note 10)
Year ended 31st March 2022
Direct costs
Hospice staff costs
Catering and cleaning services
Other medical costs
Support costs
Support staff costs
Premises costs
Other costs
Depreciation
Governance costs (see Note 10)
9. Cost of operation of hospice
(connue)		 ~~e~~
Unrestricted
funds		 ~~nts~~
Restricted
Endowment
funds
funds		 Total
6,142,243
105,672
235,873
1,134,642
480,402
750,502
496,661
26,689
9,372,684
4,817,757
97,066
185,596
1,055,730
391,072
798,977
385,717
22,000
7,753,915		 1,425,669
-
11,171
1,699
4,000
-
-
-
1,442,539
2,366,613
18
1,470
26,274
1,141
21,457
-
-
2,416,973		 7,647,479
105,672
247,044
1,136,341
484,402
750,502
496,661
26,689
9,372,684 1,442,539 79,567 10,894,790
4,817,757
97,066
185,596
1,055,730
391,072
798,977
385,717
22,000		 2,366,613
18
1,470
26,274
1,141
21,457
-
-		 72,328
-
-
-
-
-
-
-		 7,256,698
97,084
187,066
1,082,004
392,213
820,434
385,717
22,000
7,753,915 2,416,973 72,328 10,243,216

Support costs including governance costs incurred relating to fundraising and promotion and charity shops are immaterial. Consequently all support costs are included in the cost of operation of hospice.

10. Governance costs

Unrestricted Restricted Endowment funds funds funds Total

Year ended 31st March 2023
Auditors' remuneration
Current year
Prior year
Accountancy fees
Other
Year ended 31st March 2022
Auditors' remuneration
Accountancy fees		 15,000
2,300
7,389
2,000		 -
-
-
-		 -
-
-
-		 15,000
2,300
7,389
2,000
26,689 - - 26,689
13,000
9,000		 -
-		 -
-		 13,000
9,000
22,000 - - 22,000

11. Staff costs, trustee remuneration and expenses and the cost of key management personnel

Wages and salaries
9,516,462
9,078,025
Social security costs
894,731
756,750
Pension costs
463,186
475,329
10,874,379
10,310,104
The charity operates both defined benefit and defined contribution schemes for its employees, the pension
charge for the year is shown above. At the balance sheet date £68,756 (2022 - £82,900) was accrued for
pension costs.
2023
2022		 2023 2022
9,516,462
894,731
463,186		 9,078,025
756,750
475,329
10,874,379 10,310,104

Analysis by function:

Hospice services
Fundraising and promotion
Shops
Support
The number of higher paid employees was:
£60,000 to £70,000
£70,000 to £80,000
£80,000 to £90,000
£90,000 to £100,000
£110,000 to £120,000
£120,000 to £130,000		 7,647,479
656,366
1,434,193
1,136,341		 7,256,698
700,958
1,270,444
1,082,004
10,874,379 10,310,104
2023
Number		 2022
Number
7
3
1
-
2
-
9
2
3
1
-
2

56 NLH IMPACT REPORT

NLH 57

(continued)

Staff costs, trustee remuneration and expenses and the cost of key management personnel Contributions were made to a defined benefit scheme for eight (2022 - ten) higher paid employees and to a defined contribution scheme for ten (2022 - five) higher paid employees. Contents

11 . Staff costs, trustee remuneration and expenses and the cost of key management personnel

Contributions were made to a defined benefit scheme for eight (2022 - ten) higher paid employees and to a defined contribution scheme for ten (2022 - five) higher paid employees. Total contributions in the year amounted to £75,738 (2022 - £97,167).

No trustees have received any remuneration in respect of their services or had any expenses reimbursed (2022 - the same).

The average number of employees, analysed by function, was:

Hospice services
Fundraising and promotion
Shops
Support		 2023
Number
113
15
46
49
223		 2022
Number
114
12
42
23
191

Please note the current year employee numbers reflect the average actual number of employees rather than the average full-time equivalents (FTE), as shown in the prior year

The staff costs and numbers of employees do not include any allowance for the work carried out for the Hospice by over 600 volunteers. Volunteers have carried out a variety of roles including welcoming visitors to the Hospice, assisting staff in the inpatient unit in serving meals, helping to transport patients to and from the Outpatients and Wellbeing Service, carrying out numerous administrative functions and helping at fundraising events, and a significant number of volunteers assist in our charity shops. The value of this work cannot be quantified.

The key management personnel of the charitable company are the trustees and the executive team, comprising the Chief Executive Officer, the Medical Director and Consultant, the Director of Clinical Services, the Director of Fundraising and Corporate Engagement, the Commercial and Finance Director, the Interim Director of Finance and Resources and the Director of People. The employee benefits of the key management personnel totalled £584,967 (2022 - £563,125).

12. Tangible fixed assets

Cost
At 1st April 2022
Additions
Disposal
At 31st March 2023
Depreciation
At 1st April 2022
Charge for the year
Disposal
At 31st March 2023
Net book values
At 31st March 2023
At 31st March 2022		 Freehold land
and buildings
10,180,777
-
-
10,180,777
3,257,656
175,391
-
3,433,047
6,747,730
6,923,121		 Furniture,
fixtures and
fittings
2,184,970
271,881
(9,399)
2,456,851
1,964,490
154,565
-
2,119,055
337,796
220,480		 Medical
equipment
437563
33,891
-
471,454
389,742
26,574
-
416,316
55,138
47,821		 Motor
vehicles
59,083
-
(15,648)
43,435
59,083
-
(15,648)
43,435
-
-		 Refurbishment
623,515
800,705
-
1,424,220
235,854
140,131
375,985
1,048,235
387,661		 Total
13,485,908
1,106,477
(15,648)
14,576,737
5,906,825
496,661
(15,648)
6,387,838
8,188,899
7,579,083

Freehold land and buildings includes buildings with a cost of £8,769,618 (2022 - the same) that are being depreciated. Freehold land and buildings have not been revalued. The trustees consider that there is no advantage in obtaining a valuation as the land and buildings are used exclusively for charitable purposes.

All assets are held for charitable use.

58 NLH IMPACT REPORT

NLH 59

~~Con~~te~~n~~
(continued)
13.
Fixed asset investments
Listed investments:
Market value at 1st April 2022
Additions at cost
Net (losses) / gains on investments
Market value at 31st March 2023
Cost of shares in subsidiary company:
North London Hospice (Trading) Limited		 ~~ts~~
2023
15,263,084
293,023
(510,821)
15,045,286
5,000
15,050,286		 2022
13,906,240
241,882
1,114,962
15,263,084
5,000
15,268,084

The historical cost of the listed investments as at 31st March 2023 was £9,899,671 (2022 - £9,606,648).

At 31st March 2023 the listed investments all related to UK equities listed on the International Stock Exchange, London.

At 31st March 2023 UK equities comprised:

7,031,596.305 units in the Newton Sustainable
Growth and Income Fund for Charities
2,231,273.026 units in the Newton Growth
& Income Fund for Charities		 Market
value
£
11,441,111
3,604,175
15,045,286		 Cost
£
7,474,233
2,425,438
9,899,671

The Hospice owns 100% of the ordinary share capital of North London Hospice (Trading) Limited, a c ompany registered in England and Wales, company number 2268094. The registered office address of North London Hospice (Trading) Limited is 47 Woodside Avenue, London, N12 8TF.

Until 31st March 2018 North London Hospice (Trading) Limited sold goods on behalf of the public for commission, following which the owners were invited to donate the proceeds to the charity under the gift aid scheme. Since 1st April 2018 this has been dealt with directly by the charity as donated agency sales.

14. Debtors

Debtors
VAT recoverable
Other debtors
Prepayments and accrued income		 2023
138,317
1,398,071
2,348,901
3,885,289		 2022
104,114
1,402,104
5,688,778
7,194,996

Prepayments and accrued income includes measurable legacies committed to North London Hospice as at 31st March 2023, but which were not received by that date, amounting to £2,008,296 (2022 - £4,584,270).

15. Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Expense creditors
Taxation and social security
Other creditors
Accruals and deferred income		 2023
296,001
217,700
437,634
345,086
1,296,421		 2022
364,586
193,980
310,235
226,733
1,095,534

Other creditors includes £436,137 (2022 - £310,235) relating to agency sales under the retail Gift Aid scheme.

16. Creditor: amount falling due after more than one year

Loan - The Governors of the Peabody Donation Fund (secured)
(including rolled up interest of £1,301,765 (2022 - £1,087,340))		 2023
1,801,765		 2022
1,587,340

The loan, the principal sum of which is £500,000, is secured by a charge over certain freehold land owned by the Hospice and only becomes repayable, together with interest thereon equivalent to the drop in real value of the principal sum due to inflation between 30th June 1987 and the date of repayment, in certain eventualities, the main ones being in the event of liquidation or if the building is used for any purpose other than a hospice. The trustees consider the likelihood of such eventualities remote, and accordingly the creditor has been included as an amount falling due after more than one year.

60 NLH IMPACT REPORT

NLH 61

Contents
(continued)
17.
Endowment funds
Mrs. Burgess
Pauline Glasser
Fund for
Capital
Endowment
Endowment
Children
Fund
Fund		 Contents
(continued)
17.
Endowment funds
Mrs. Burgess
Pauline Glasser
Fund for
Capital
Endowment
Endowment
Children
Fund
Fund		 Contents
(continued)
17.
Endowment funds
Mrs. Burgess
Pauline Glasser
Fund for
Capital
Endowment
Endowment
Children
Fund
Fund		 Contents
(continued)
17.
Endowment funds
Mrs. Burgess
Pauline Glasser
Fund for
Capital
Endowment
Endowment
Children
Fund
Fund		 Contents
(continued)
17.
Endowment funds
Mrs. Burgess
Pauline Glasser
Fund for
Capital
Endowment
Endowment
Children
Fund
Fund		 Contents
(continued)
17.
Endowment funds
Mrs. Burgess
Pauline Glasser
Fund for
Capital
Endowment
Endowment
Children
Fund
Fund		 Total
Balance 1st April 2022 670,878 17,000 150,000 2,411,955 3,249,833
Income 17,016 139 1,226 61,186 79,567
Expenditure (17,016) (139) (1,226) (61,186) (79,567)
Unrealised gains (13,552) - - (48,729) (62,281)
Balance 31st March 2023 657,326 17,000 150,000 2,363,226 3,187,552

Pauline Glasser Endowment:

Under a trust deed dated 1st April 1993 the income of the trust fund may only be applied for the maintenance of the Hospice and for all other charitable purposes for which the North London Hospice was established. The fund is represented by fixed asset investments .

Mrs. Burgess Fund for Children:

A capital sum of £17,000 was received in June 1995. Income is used for the company’s principal charitable purpose. The fund is represented by cash on deposit.

Capital Fund:

Capital sums of £150,000 were received in 1993 and 1994. Income from the fund can be used for general purposes and the fund is represented by cash on deposit.

Endowment Fund:

A capital sum of £1,280,095 was received during the year ended 31st March 2008. Income generated from the fund may be used for the Hospice’s general purposes. The trustees have also agreed with the donor that part or all of the capital sum may be used on running costs should the need arise in future years in a narrow range of particular circumstances. The fund is represented by fixed asset investments.

18. Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations to be applied for specific purposes:

Balance
1st April 2022
Community and IPU nursing fund
Equipment and teaching fund
Haringey Community Team
IPU refurbishment project fund
Front of House Finchley Refurbishment
Overnight Community Service
IPU costs
IPU bath
EDI Manager post
Arm chairs for IPU
Nurses call system
Garden Finchley
Ultrasound scanner
Compassionate Neighbours
Other
-
2,879
-
2,195
51,825
18,164
-
-
-
-
-
-
-
-
-
75,063		 Income
14,000
-
778,192
-
15,000
190,487
34,990
6,795
13,922
9,194
5,000
4,000
3,000
2,500
2,100
1,460,024		 Expenditure
(14,000)
(2,879)
(778,192)
-
-
(208,651)
(34,990)
(461)
(13,922)
-
-
(4,000)
-
(2,500)
(2,100)
(1,442,539)		 Transfers
between
funds
-
-
-
(2,195)
(66,825)
-
-
(6,334)
-
(9,194)
(5,000)
-
-
-
-
(89,548)		 Balance
31st March 2022
-
-
-
-
-
-
-
-
-
-
-
-
3,000
-
-
3,000

Transfers have been made fromcertain of the restricted funds to the unrestricted general fund since appropriate expenditure has been incurred and therefore the conditions relating to the inherent restrictions have been complied with.

19. Designated fund

The trustees have designated £6,387,134 (2022 - £5,991,743) as a tangible fixed assets fund. This fund represents an amount equal to the net book value of the tangible fixed assets less the creditor falling due after more than one year which is secured by a charge over certain freehold land owned by the Hospice, as it forms part of the funds the Hospice holds that are not readily available to expend on meeting its charitable objectives.

20. Analysis of net assets between funds

At 31st March 2023

Endowment funds
Pauline Glasser Endowment
Mrs. Burgess Fund for Children
Capital Fund
Endowment Fund
Restricted funds
Ultrasound scanner
Unrestricted funds
Designated fund
Tangible fixed assets fund
General fund
At 31st March 2022
Endowment funds
Pauline Glasser Endowment
Mrs. Burgess Fund for Children
Capital Fund
Endowment Fund
Restricted funds
Equipment and teaching fund
IPU refurbishment project fund
Front of House Finchley
Refurbishment
Overnight Community Service
Unrestricted funds
Designated fund
Tangible fixed assets fund
General fund		 Tangible
fixed assets
-
-
-
-
-
8,188,899
-
8,188,899
Tangible
fixed assets
-
-
-
-
-
-
-
-
7,579,083
-
7,579,083		 Investments
657,326
-
-
2,363,226
-
-
12,029,734
15,050,286
Investments
670,878
-
-
2,411,955
-
-
-
-
-
12,185,251
15,268,084		 Current
assets		 Creditors
-
-
-
-
-
(1,801,765)
(1,296,421)
(3,098,186)
Creditors
-
-
-
-
-
-
-
-
(1,095,534)
(2,682,874)		 Total
-
17,000
150,000
-
3,000
-
6,977,833		 657,326
17,000
150,000
2,363,226
3,000
6,387,134
17,711,146
7,147,833 27,288,832
Current
assets
-
17,000
150,000
-
2,879
2,195
51,825
18,164
-
9,854,479
10,096,542		 Total
670,878
17,000
150,000
2,411,955
2,879
2,195
51,825
18,164
5,991,743
20,944,196
30,260,835

21. Commitments under operating leases

The company is committed to make the following future minimum lease payments under non-cancellable operating leases for the use of land and buildings:

Payable within one year
Payable within two to five years
Payable in more than five years		 2023
445,647
685,089
73,493
1,204,229		 2022
507,860
791,556
110,493
1,409,909

62 NLH IMPACT REPORT

NLH 63

(continued)

tid
Conten
(connue)
22.
Financial instruments
Financial assets
Financial assets measured at fair value
Financial assets that are debt instruments measured
at amortised cost
Financial liabilities
Financial liabilities measured at amortised cost		 ~~t~~
2023		 2022
18,164,630
6,810,414
24,975,044
1,401,554
18,307,830
3,479,828
21,787,658
1,578,721

23. Prior year’s statement of financial activities

Income:
Donations and fundraising
Legacies
Charitable activities
Grants
Other trading activities
Charity shops sales
Donated agency sales
Rental income
Investment income
Other
Total income
Expenditure:
Raising funds
Fundraising and promotion
Charity shops expenditure
Investment manager’s fees
Charitable activities
Cost of operation of hospice
Other
Interest on loan from The Governors
of the Peabody Donation Fund
Total expenditure
Net gains on investments
Net income/(expenditure) before transfers
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward,
1st April 2021
Total funds carried forward,
31st March 2022		 Unrestricted
funds
2,535,710
2,468,132
3,805,820
2,774,244
626,378
11,695
170,005
82,445		 Restricted
funds
270,307
-
2,138,961
-
-
-
-
15,204		 Endowment
funds
-
-
-
-
-
-
72,328
-		 Total
funds
2,806,017
2,468,132
5,944,781
2,774,244
626,378
11,695
242,333
97,649
12,474,429 2,424,472 72,328 14,971,229
827,863
2,195,446
58,321
7,753,915
130,520		 143
10,367
-
2,416,973
-		 -
-
-
72,328
-		 828,006
2,205,813
58,321
10,243,216
130,520
10,966,065 2,427,483 72,328 13,465,876
785,762 - 329,200 1,114,962
2,294,126
24,286
2,318,412
24,617,527		 (3,011)
(24,286)
(27,297)
102,360		 329,200
-
329,200
2,920,633		 2,620,315
-
2,620,315
27,640,520
26,935,939 75,063 3,249,833 30,260,835

NLH 65

64 NLH IMPACT REPORT

Contents

Our Trustees

----- Start of picture text -----
Name Committee Membership
Elisabeth Burgess Jones Member of the Board Development, Finance & External Audit and
Chair Fundraising Committee’s
Simon Morris MBE Chair of the Fundraising Committee, Member of the Board Development
Vice Chair and Finance & External Audit Committee’s
Andrew Harris
Chair of the Finance & External Audit Committee and Retail
Hononary Treasurer and
Committee, Member of the Board Development Committee
Company Secretary
Anna Bokobza Member of the People & Organisational Development Committee
Chair of the People & Organisational Development Committee,
Tom Easterling Member of the Board Development and Clinical Governance &
Assurance Committee’s
Carol Holmes Chair of the Retail Committee, Member of the Board Development
Retired June 2023 Committee
Saurabh Khare Member of the Retail Committee
Simon Males Member of the Finance & External Audit and Fundraising Committee’s
Dr Mohini Parmar Member of the People & Organisational Development Committee
John Reid Member of the Finance & External Audit and Retail Committee’s
Dr Ujjal Sarkar Member of the Clinical Governance & Assurance Committee
Member of the People & Organisational and Clinical Governance
Beverley Taylor & Assurance Committee’s
Freedom to Speak up Guardian
Dr Judith Tobin Member of the Clinical Governance & Assurance Committee
Jennifer Walters
Member of the Fundraising Committee
Retired June 2023
Chair of the Clinical Governance & Assurance Committee, Member of
Dr Cate Woodwark
the Board Development Committee
----- End of picture text -----

Our Executive Team

Name

----- Start of picture text -----
Declan Carroll Chief Executive Officer
Dr Sam Edward Medical Director and Consultant
Fran Deane
Director of Clinical Services (until 30th June 2023)
Left June 2023
Jill Wilde
Interim Director of Patient Services (from 19th June 2023)
Appointed June 2023
Anna Cooper Director of Fundraising & Communications
Nadarasa Sooryakumaran
Commercial and Finance Director (until 30th April 2023)
Left April 2023
Kelvin Walker Interim Director of Finance and Resources (2nd March 2023 to
Appointed March 2023 12th June 2023)
Kelvin Walker Director of Finance and Resources (from 12th June 2023)
Liz Edwards
Director of People (until 31st March 2023)
Left March 2023
June Bridgeman
Interim Director of People (from 13th March 2023 to 31st August 2023)
Appointed March 2023
Suzie Long
Director of People and Culture (from 3rd July 2023)
Appointed July 2023
Registered Office North London Hospice
47 Woodside Avenue, London N12 8TF
Buzzacott LLP
External Auditor Chartered Accountants and Statutory Auditor
130 Wood Street
London EC2V 6DL
Barclays Bank p.l.c.
Bankers Barnet & Hampstead Business Banking
PO Box 12820
London N20 0WE
Newton Investment Management Limited
Investment The Bank of New York Mellon Centre
Managers 160 Queen Victoria Street,
London EC4V 4LA
----- End of picture text -----

66 NLH IMPACT REPORT

NLH 67

North London Hospice cares for patients with a life-limiting illness and supports their families, friends, and carers too. We care for patients in the communities of Barnet, Enfield, and Haringey and in our Inpatient Unit in Finchley. The hospice was established in 1984 as the UK’s first multi-faith hospice and each year we care for over 3,500 patients. We are an independent charity and provide all our care, free of charge.

If you would like this publication to be made available in accessible formats such as alternative languages, large print or audio, please speak to the Communications and Marketing Team on 0800 368 7848 (Freephone) or email CommunicationTeam@northlondonhospice.co.uk

@NLondonHospice northlondonhospice @NorthLondonHospice North London Hospice North London Hospice Phone: 0800 368 7848 (Freephone) 47 Woodside Avenue, Email: nlh@northlondonhospice.co.uk London, N12 8TT

www.northlondonhospice.org

Charity No. 285300. Registered Address - 47 Woodside Avenue, London, N12 8TT. Company Reg No: 01654807 (England and Wales)