2021-03-31-accounts - North Devon Hospice

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Trustee Report NO I I h tre v D Hospice 2020 - 2021 belrtg there for he faml ' reg chtrFly no.286554

1.Tr	ustees Report
~	Our Appreciation
~	Our Nission and Strategic	Objectives
~	Your Impact
~	What We Want To Achieve		l8
	Our Governance		I8
	Annual Financial Report
~	Disclosure of Information	to Auditor	30
e	Statement ofTrustee Responsibiliries		30
2.North Devon ttosplce Information			31
3.AudItors Report to the Trustees			33
4.Financial Statements

~	Consolidated	Statement of Financial Activities	37
~	Consolidated	and Company Balance Sheets	38
~	Consolidated	Cash Flow Statement	39
~	Notes to Financial Statements

Status
The Charity's		governing		document	is	its Articles ofAssociation
Charity number						286554
Company	registration			number		1696ISO
Registered		oNce				North Devon Hospice
						Deer Park Road
						Newport
						Barn staple
						Devon
						EX32 OHU
The Board		ofTrustees				Dr. Annabelle Tree
						Dave Cottingham
						Kate Cox
						BattJones (stepped		down	May		2021)
						Nary Brooks
						Peregrine Nears
						Rab Withecombe
						Sharon Bases; Chair
						Teresa Turner
						Tom Parkin
						Jennifer Wilmott
						Zara Svensson
						Rachel Loosem ore (appointed				June 2021)
Chief Executive			&Secretary			Stephen Roberts
Senior irfenagement						Cate Oliver, Director		of Human			Resources and
						Organisati anal Development
						Josephine Dedes, Director of				Care
						Samantha Husband,	Director			of	Finance
Auditors						PKF Francis Clark
						Blackbrook Gate I
						Blackbro ok Business		Park
						Taunton TA I 2PX
Bankers						National Westminster		Bank
						01 High Street
						Barnstaple
						Devon
						EX31 IDH
Solicitors						Tozers LLP
						Broadwalk House
						South ernhay West
						Exeter
						EXI IUA

Pension advisors	Davi sons Financial	Management	Management
	Lime Court
	Parhgelds Business	Park
	South Molten
	North Devon
	EX363LH
Stockbrokers	Nevvton investment		Management
	160Queen Victoria		Street
	London
	EC4V ALA
Patron	The Countess ofArran MBE, VLL
Vice Presidents	John Brend
	Geoffrey Cox QC
	Gavyn Davies OBE
	Sir Nick Harvey
	Philip Jevvell
	Ron Ley MBE FRICS
	David Morgan
	Mark Parkhouse DL
	John Riley
	The Hon. John Raus		DL
	Lady Stucley
	David Whitely

			Unrestricted	Unrestricted	Restricted	Total	Unrestrdcutd	Restrkeed	Total
				Funds	Funds	Funds	Funth	Funds	Funds
				2021	2021	2021	2020	2020	2020
	Notes			4	6	6		lg	2
INCOME
Legadas Bi In Memoriam	Donations			2,96M61	476	2,870.337	2,462,747	110	2,462857
pundraising 8Donations				689,567	63,045	752,dl 2	850,151	101,506	951,657
Oilts in Kind				53,433		53,433	79.754		79,754
Charitable activities
Income from supponing	Dirae.
patient Care				1,434.089		1,434,089	1553.327	123,000	1,676,327
Educational Services				2,395		2,395	6, I fi I		6,161
Other trading activities				1,2422LS I		1,242.8S I	2,201.240		2,201,240
Investments				102,503		I02,503	106,250		106,250
Other				21,281	1.683.084	1,704.36S	24,155		24,155
TOTAL INCOME		3	—7	S415.990	I.746505	e,ld2,585	7,2e3,785	114,did	75oedoi
EXPENDITURE
Raiung lends				1,163,328	679,135	1,841,5113	2,263.553		2,263.553
Charitable anivkies
Sup pore vs Care Hospice to Home				372.590 309.604	156,368 142511	528,9SB 452,515	583,402 581,581	15,559 1,103	590,961 582,fi04
Comrnumt7				439570	164590	d04.160	6903359	19,316	710,175
In Pauent tlnit				1.43!.676	551,764	1,993.440	1,841,714	38,350	1,8803H4
Sducauon				75,545	28,287	103,832	106,131		106,131
TOTAL EXPENDITURE			8	3,792,313	1,712,155	S,SI4,468	6,067,240	74,328	6,141.568
NET INCOME I(EXPENDITURE)
BEFORENET GAINSI (LOSSES)
ON INVESTMENTS				2,623r667	24,450	2r640.117	1,216.545	ISI(288	1,366,833
Nec guns ((lossesi on Invescments				1,094,300		1,094,300	(351,78S)		(351,785)
NET INCOME I(EXPENDITURE)
FOR THE YEAR				3,717,967	24,450	3,742,417		150288	I,O IS.OIB
Transfers betvveen funds			27	49,457	(49,457)			(56,0091
NET MOVEMENTS	IN FUNDS			3,767,424	(25,007)	3,742.417	920,76'9	94.279	1,015,048
RECONCILIATION	OF FUNDS
FUNDS BROUGHT	FORWARD	27		9,844,094	151.423	9.995517	8,923,325	57.144	9,98I(469
FUNDS CARRIED FORWARD		27		13,611,518	126,416	13,737,934	91!44,094	151,423	9,995.517

							Group	Charley	Charity
					Note	2021	2020	2021	2D20
							6	6
FIXEDASSETS
Intangible sraeu					15	36,013	52,559	311,013	52,559
Tenable assets					16	3,370,57ii	3,471,193	3,3'70,576	3,470t268
Invs stsn ants					19	S,d44,S74	3,8012274	S,730,140	3,8852MB
						9,051,143	7,324.026	9,136.73'1	7.400,675
CVRRENT ASSETS
Stovk					20	31.7d4	38,271
Debmrs					21	2,539,d3d	1,705,209	F537,ID 7	1,693.037
Cash st bank and in		hand			22	2.599,720	1,420,927	2,S90,920	1.341.36!
						S,I71,120	3,164,407	S,I28,1717	3,034,398
LIABILITIES
Cmdftom Amounts		laglng due within		one year		(401,83di)	i490.395)	(524.945)	(445,693)
NET CVRRENT		ASSETS				4,d09,292	2.,674.012	4,403,067.	2,500,705
PROVISDONS					25	2,521	2,S21
NET ASSETS						13,737,934	9,995.517	13,739,799	9.997,300
FUBIDS
Unrestricted	Funds
General funds					27	S34,09S	480.157	S3S,960	4I2,019
Investment revaluation			rmerve		27	1,467,421	573,120	1,667,421	573,120
Dmignsted funds					27	11,410,002	8.790r017	11,410,D02	0,190,011
						13,dlI,SIS	92M4,094	13,413,303	M45,956
Restricted Funds					27	126414	151,423	126,414	151,423
TOTALFUNDS						13,737,934	'9,995,517	13,739,799	9,997.379

		Note	2021	2020
Cash fkwvs from operating activities
rfet inComa/(expenditure) far the year			33N2,417	1,015,048
Adiustments to cash tlows from non-cash	items
Depreciauun charge			117,176	218,964
/Imortlsatlan chlllge			16,846	21,462
(Galas)/lots on lnvasunenu			(1,094,300)	351,785
Dividandi and Inmreu fram Irwestments Loaa/(profit) on the disposal offixed tates			(I02,503) 28	(106,250) 7,067
			1,779,364	1,508,076
Working capital adlustmentu
(Increase)/decrease an teach		20	11,307	11,768
(Increase)/Decrane In debtors		21	(834,427)	(319,794)
locreass/(decrease) in Craditan		23	($.559)	(49,871)
Net cash flows from operadng activities			1,942.885	I .150.179
Cash flows from invescing activities
Dividends and Interact fram investments			I01,303	106,250
Paymenu co acquire inungble fixed asian				(22,120)
Payments ca acquire unglblc fixed aaaeta			(iid,587)	(Ill,645)
Praceeds fram sale al Inveiunencs
Paymanu into invesunants			(750,000)	(638,96!)
Net cash Bows from investing activicies			(7fkk084)	(666,476)
Net increase in cash and cash equivalents			1,178,801	483,703
Cash and cash equivalents at I April			1,420,927	937,224
Cash and cash equivafents at 31 March		22	2,599,728	1.420,927

Income fram don	atia	ns,	gifts and lega	cies
				Unrestricted	Restricted	202 I	2020
Legaaea 8 In Memteiam	DOnatiOna			689467	63,045	7Sl,d I1	2,462,857
Fundraiting Bi Donsuons				2,8697361	476	2,870,337	951,657
Giks in Kind				53.433		53,433	79,754
				3,dl2,861	d3,Sll	3,d76,382	3.494,268
Income from charitable			activities
				Unrestricted	Restricted	202 I	2020
							4
CCG Gr m				1,308.037		1,308,03'7	1,538,942
CMC Funding				126,052		Ild,DS2	137.385
suh-total for Income suppordng			Direct pauenc Care	1,434.089		1,434,D89	1,676,327
Educauonal Truning				2,395		2,395	6,161
Total income from charitable		acovities		1,436,484		1,436,484	1,682,488
Income fram other trading activities
				Unrestricteti	Restricted	202 I	2020
				IC	lf		If
Shops 8 Monopoly				308,489		308,489	1,414,637
Lottery				648,676		d48,did	786,603
Business Grants				285,686		28S,dsd
				1,142,851		1,242,851	2,201,240
income fram investments
				Unrestricted	Restricted	202 I	2020
				C
Dividends				98,932		98,932	98,73D
De p oak Interest.				3,571		3,371	7,520
				102,503		102.S03	106,250

		Unrestricted	Restricted	2021	2020
				C
Government	Covid Support		1,427,296	1,427,296
Coronavirut	Joh 12etanuon Scheme (Furtouth)		180,788	180,788
CCG Support for Coronavrrut			75,000	75,000
0it pot al of	Avrett	2.922		2,922	(7.018)
Other		18,359		18359	31.170
		21,281	1,683,084	1,704,365	24.155

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This a state	d	after cha	rgmg! credxi	np
					202I	202I0
A mort isavon					1ii,fi45	21,462
Depreciation					117,176	218,9I63
tasty(profit)		on disposal offixed assets			(2,922)	7.010
Operating	lease rentals
property					179,420	18%592
Other					10,926	40,972
Auditor's	remuneration
					202 I	2020
						C
The analyrla af		audlko'',	rsmunersdan	is as folkmrsi
Audit fees					11,300	11,025
Accountancy	services				1,500	1.500
Tsx complianae		senncer,			975	1.100
					13,775	13.625

Analysis of staff costs, trustee	Analysis of staff costs, trustee	Analysis of staff costs, trustee	Analysis of staff costs, trustee	remuneration	remuneration	remuneration	and	expenses,	and the	cost of key
management	personnel
									202 I	2020
										g
salaries and wages									3,ii00,199	3,773,575
fimptoyer's Nadonsl	insurance								MI1,721	312,040
fimptoyer's contrlbutian m defined			contribution		pension	schemes			230,720	253.496
									4,131,d36	4,339,111
The following number		af employees	recewed	employee		benefits	(exduding	pension casts)	during the	yssr becwsen.
									2021	2020
660,000 - 669,999
670,000 - 679,999

The average	number
		Average	FTE	Average	FTE
		202 i	202I	2020	2020
		No.	No.	No.	No.
Pundralslng	Actwides	48	33	47	35
Direct Care		79	88	92	59
Education		2	I	2
hlDH Ventures		3	2	8	3
Support		44	34	46	34
		188	128	195	132

Graup and company
					5aftvua re	Total
Cost
As at I April 2IBO					254,4&0	254,4d&
Dis pose la					(31,649)	(31,649)
As at. 31 March 2021					2223311	222,011
Depreciation
As at. I Aprs 2020					201,901	201,901
Charge for the Year					i6,546	i6,546
Duposals					(31,649)	(31,649)
As at 31 March 2021					106,790	186,798
Net book value
As st 31 March 2021					36,013	36,013
A» at 31 March 2020					52359	52,559
Tangible bxed assets
Group	Freehold	25	Fixtures and	Computer	Motor
	Lease ho	ld	fittings	equipment	Vehicles	Total
					IE
Cost
As at I Apnl 2020	4,406,965		634,910	250222	122,672	5,422,777
Addtuons	29,970		24.230	62,379		I Id,sg'7
Doposais			(50,3131	(1,179)	(8,539)	(d&,03I)
As at 31 March 2021	4,436,935		601(&43	319,422	114,133	Sr&79,333
Depreciation
As at I April 2020	1,234,800		455,278	169,470	92,036	1,951,504
Charge for the Year	99.023		64.467	41.392	11,294	217,17d
Dtsposah			(50,313)	11.1511	(0.539)	(60,003)
As at 31 March 2021	1,333,023		469.432	209,711	95,791	2,100,7S7
Net book value
As at 31 Isarch 2021	3,103,112		139.411	109,711	1&.342	3370,576
As ac 31 March 2020	3.172,165		179.640	80.752	30,636	3,471,193

Tangible fixed ass	ets (conunued)
Charity	Freehold A	Fixtures and	Computer	Motor
	Leasehold	littings	equipment	Vehicles	Total
	C	IC	f.	f.
Cost
As at I April 1010	4.406,965	634.918	257,523	114,133	5,413,539
Additions	19,970	24,238	62.379		I id,587
Disposalr,		(50,313)	(1,179)		is Ir492)
As at 31 March 2021	4,436,935		31&,723	114,133	5,478,d34
Depreciation
As ac I April 1020	1,234rialo	455,278	169,027	84.166	1,943,271
Charge fOr Che Year	99,023	64,467	41.136	11,625	216,250
13isposals		150.313)	11.151)		(51,464)
As ai. 31 March 2021	1.333,823	469.432	2D9,012	95,791	2,108,457
Net book value
As ac 31 March 2021	3,103,112	139.411	ID9,7 I I	18,342	3,374,57fi
As at 31 March 2020	3,172,165	!7'9.640	88,496	29,967	3,478,268

	A summary of i	ts r	esults	is shown be	low:
								3030
	Turnover						675,320	85I, I45
	Cosa ofsales						(I24,163)	(259,922)
	Grass Profit.						551,157	591,223
	Administrative	Expenses					(74.092)	(88,466)
	Other operating	income					7,960
	profic on Ordinary		Acdvicles				405,02S	502.757
	Taxadon
	Profit for the financel year						48S,02S	502.757
	OWldend paid to parent			undertaking			485,025	502.151
	The aggregate af the assets. liabilities				and funds were:
	Aweo						168,512	l68.519
	Liabilities						(84,803)	(84.BIB)
							83,709	03,709
I(L	Parent charity
	The parem charity's		gross incame and the results for the year are disclased			as fallowsi
							2031	3()3(3
							iE
	Gross income						7,96I,408	1.I61,027
	Rssuk for the year						3,742,417	1,0)5045

I9,	Invest	men	t	s
								Group	Group	Charity	Charity
								202 I	2020	2I02I	2020
										C
	Fair value	at	the			scarc of	the year	3,800,274	3.513,0'90	3,80S,848	3,598.672
	Addiuans	at	con					750,0DO	63&961	750,000	638.961
	Disposal proceeds Fiat (lossylgain on change						m fair value	1,094,300	(351.705)	1,094,300	(351,785)
								5.644574	3,800,274	S,730,140
	Mistune	cost		at		the end ofthe year		3.977,153	3.227,153	4,061717	3,312,727
	Investments		comprise
								'202 I	2020	2021	2020
									6'	5
	UK Common			investinent			funds	S,644, S74	3.000,274	S,444, 574	3310&274
	Unloted	shares				in subsidiary undertaking
	Incorpomted			in		the UK				85,574	8$,574
								S,d44,574	3,800,274	5,730,140	3,085,048
	Invesonantt		rapresenring				over Sfs by value af the portfolio igroup and		charity) comprise.
										2021	2020
										IC	IC
	BNY MELLON				- Nevvton		Sfcl Fund lor Charities			S,644,574	3.800,274
20,	Stock
								Group	Group	Charity	Charity
								2021	2020	2021	2020
								C	C		lg
	Finished	gootb			far resale			31,744	30,271
'2I.	Debtors
								Group	Group	Charity	Charity
								202 I	2020	2021	2020
									C		IC
	Trade Debtors							SS,0$1	146,440	$5.051	146,440
	Other Debtors							36,307	41,393	34,307	41,393
	Pre payments Accrued income							1 15,7'93 2,332,404	166,476 1,350.950	113,144 1,331,484	154,254 1.3$0,95D
								2,539,636	1,705,209	2,537,1D7	1,693,037

22.	Analysis ofcash and	cash equivalen	ts
			Group	Group	Charity	Charity
			2021	2020	2021	2020
					E	g
	Cash in harui Cash at bank		2,012 2,597,716	2,192 1,418.735	2,012 2,588,908	2,192 !.339,169
			2,599,728	1,420,927	2,590,920	1.34i,36i
	Analysis ofnet debt			Opening	Cash flow	Closing
					f,
	Tocal car,h			1,420.927	1.178,801	2,599,728
23.	Creditors: Amounts	falling due within one year
			Group	Group	Charity	Charity
			2021	202I0	2021	20'20
	Trade Creditors		116,11$	116.788	116,1IS	116,788
	AmOunu due tn group undtutaunga				125,411	31,585
	Ocher axes snd social mcurity		72,0d5	76,776	72,065	76.776
	Accrusls		Idd,200	173,092	166,'200	173,092
	Deferred Inmme iyioce 24)		I'27,453	123,739	45,171	41.452
			481,036	490,395	524,9ds	445.693

				Group 2021	Group 2020	Charity 2021	Charity 2020
				f		0
Balance	Broughc	Forward		123,739	122,480	41,449	38,170
Amount Amount	released deferred	to income in the year	in the year	(100,690) If2,404	(i ll,480) 123,739	(2ij,400) 30,(22	138.170) 41,449
Balance	Carried	Forward		127,453	123139	45,171	41,449

				Group	Group	Charity	Charity
				2021	2020	2021	'2020
				IC	Ig
Balance	Brought.	Forward		2,521	2,521
Increase	in provuion		in the year
Balance	Carried	Forward		2,511	2,521

Forthe Year Ended Statement offunds	3I It4	arch 202 I
Group		Asst I				Gains(	As at 31
		April				(Losses)	Ivlarch
		2020	Income	Expenditure		Transfers	2021
						f.
Unrestricted Funds:
Designated Funds:
Buikfings and asseo		3,523,752				(117,163)	3,404,S89
Risk based reserve		22ISD,DDD					2,8S0,000
Income Generation Divers ilicaoon						600,000	600,DBD
H2H Service Provision						1.768,595	1,768,S9S
Strategy Service Provision 3
Organisatlonal Development	21-26	1,12S,462				869,918	1,995,380
Strategy Dlgiul Development.
8 Innovadon 21-26		501,603				(184.000)	317,6D3
COVID Response		79D,ODD				(318,165)	471,83S
Tauri designated funds		8,79D,817				2,619.185	11,410,002
Revaluadon reserve		573,12D				1,094.300	I,ddy,420
General funds		400,157	7,518,280	(3.792,313)		(3,664028)	S34,09d
Ternal unrestricted funds		9,844,094	7,510,288	(3,792,313)		4P,4S7	13,411,518
Restricted Funds:
Patient se rat car		&604	29,376		(39,071)	40,026	38,93S
Long House		2.088					2,008
Capiul trther		140,731	34,145			(89.483)	85,393
Covid			1.683,084	(	I 683,004)
Toed restrkted funds		151,423	1,746,405	(1,722,15S)		(49,457)	12fi,did
Total funds		9,99S,517	9,25d,BBS	(5	ti14,448)		13,737,P34

		2021	2020
		IC
Less	than one year	146,798	148,(hi I
One	to five years	I68,596	2273sB
Over	Bve years	338,730	338,750
		651.f44	713,895

		2021	2020
		C
Less	than one year	Idii,798	I48,061
One	cofive years	165,596	227,084
Over	five years	338,750	338,750
		651,144	713.895