2022-03-31-accounts - North Devon Hospice

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Trustees Report North Devon Hospice 2021-2022 r. . reglslewed no. 286*W'.

~	Our Appreciation
~	Our Mission and	Strategic	Objectives
~	Your Impact			IG
~	What We Want	To Achieve		IS
	Our Governance			IS
~	Annual Financial	Report		22
~	Disclosure of Information		to Auditor	29
~	Statement ofTrustee Responsibilities			29
N	orthDevonHos	pice Inf	ormation	30

				I	i	I	I	r	~ I	r
Number	of	new	referrals	1395		1449	1439		1144	1243

Status
The Charity's			governing		document	is	its Articles ofAssociation
Charity	number						286554
Company		registration			number		1696150
Registered			office				North Devon Hospice
							Deer Park Road
							Newport
							Barn staple
							Devon
							EX32 OHU
The Board			ofTrustees				Dr. *nnabelle Tree		(stepped			down March 2022)
							Dave Cottingham
							Kate Cox
							Mary Brooks
							Peregrine Hears	(stepped			down August			2021)
							Rob Withecombe
							Sharon Bates; Chair
							Teresa Turner (stepped				down January			2022)
							Tom Parkin (stepped			down October 2021)
							Jennifer Wilmott
							Zara Svensson
							Rachel Loosemore
							lain Spear (appointed			April 2022)
							Kevin Underwood		(appointed			April 2022)
							Lisa McCormack	(appointed				April	2022)
Chief Executive				&Secretary			Stephen Roberts
Senior Management							Cate Oliver, Director			of	Human		Resources and
							Organisational Development
							Josephine De des,	Director of Care
							Samantha Husband,		Director			of Finance
Auditors							PKF Francis Clark
							Blackbrook Gate	I
							Blackbrook Business			Park
							Taunton TA I 2PX
Bankers							National Westminster			Bank
							41 High Street
							Barn staple
							Devon
							EX31 I DH
Solicitors							Tozers LLP
							Brea dwalk House
							South embay West
							Exeter
							EX I IUA

Pension advisors	Davi sons Financial		Management	Management
	Lime Court
	Pathlields Business		Park
	South Molton
	Narth Devon
	EX36 3LH
Stockbrokers	iNewton Investment			Management
	160Queen Victoria			Street
	London
	EC4V 4LA
Patron	Countess of Arran
Vice Presidents	John Brend
	Geoffrey Cox QC
	Gavyn Davies OBE
	Sir Nick Harvey
	Philip Jewell
	Ron Ley MBE
	David Morgan
	Mark Parkhouse	DL
	John Riley
	The Hon. Jahn Raus			DL
	Lady Stuc icy
	David Whitely

				Unrestricted	Unrestricted	Re st rlc bad	Total	Unrestricted	Restricted	Tocal
					Funds	Funds	Funds	Funds	Funds	Funds
					2021	2022	2022	2021	2021	'2021
		Note			f.	8		t		g
IiNCOME
Legacies & In Mernanam Fundmlslng 6 Dariations	Danauanc				1,625,270 791637	39,130	!.615,270 821,7dy	2,869,861 fl89.567	476 63,045	2,870.337 752,612
Cf/ta in X/nd					36.345		3d,345	53,433		53.433
Chants hie aadvitea
Incame from suppornng		Direct
Pacient Care					1,364,456		1,364,456	1,434.089		1,434,089
Educattonal services					4.130		4,130	2,395		2,395
Other cradlng acoveler,					1.940.762		1.940,762	1,242,951		1,242,851
Invcstmenu					137.570		137,5'/0	102,503		102,503
Other					20.293	389.015	409,298	21,281	1.683,084	I 70il 365
TOTAL INCOME			3	—7	5.911.453	428.145	d.339,598	6,415,980	1.746,605	8,162,585
EXPENDITURE
l4iung funds					1.240.529		2,240,529	1.163,328	679.235	1.841,563
Charnable activioes
dupporove Care					542,636	10,098	552,734	372590	156,368	528,959
Hospice to Home					435.826	102,299	538,125	309,604	142,911	452.,515
Community					499,884	107,390	d07,274	439,570	164,590	604,160
ln Patient Omt					1,844.070	217,290	2,0d1.3do	1,431,676	551,764	1.993.440
Education					56,959		56,959	75,545	28.287	103,832
TOTAL EXPENDITURE				8	5,619.904	437,077	d.056,981	3,792,313	1.722.155	5314.469
NET INCOME / (EXPENDITURE)
BEFORENET GAINS/		(L,OSSES)
ON INVESTMENTS					291.549	(8932)	281617	27r23,667	24.450	2.649.117
Net gains / Bosses) an investmenn					301.587		301,587	1,094,300		1,094,300
NET INCOME /(EXPENDITURE)
FOR TNE YEAR					593,136	(8,932)	584,104	3,717,967	24,450	3,742.417
Transfers between funds			27		36,827	(36,827)		49.457	(49.457)
NET MOVEMENTS	IN FUNDS				6'l9,963	(45,759)	584,204	3,767,424	(25.007)	3,742,417
RECONCILIATION	OF FUNDS
FUNDS BROUGHT	FORWARD		27		13,611,518	126,416	13,737,934	9844094	151,4l3	9995517
FUNDS CARRIED FORWARD			27		14,241,481	80.657	14,322,138	13,611,518	126,416	13,737,934

							Graup	Group	Charity	Ch adity
					Note		2022	2011	2022	2021
							6
FIXEDASSETS
Inongible sects					15		21,573	36813	21,373	36,013
Tangible asseu					16		3,308,19d	3,370,576	3,308,19d	3,370,576
ln ver,one net							d,69d, I6l	5,644.574	6,781,735	5,730.148
						10,026,030		9,051,163	10,111,604	9,136,737
CURRENT ASSETS
Stock					2.0		12,330	31,764
Dubcors					21		2.5243 I I	2,539.636	1.519,368	2537.107
Cash at bank and	In	hand			22		2.211.720	2,599,728	2,201,448	2.S90.920
							4.749,761	5,171.128	4.719,8td	5.128027
LIABILITIES
Creditors Amounts		falling dua vvuhui		one rear	23		(431,!32)	1481.8361	(307.416)	15249651
NET CURRENT		ASSETS					4.298A29	4,689,292	4.212,400	4,603,062
PROVISIONS							2,521	2.521
teET ASSETS						14,312,138		13,737,934	14.324.004	13,739,799
FUNOS
Llnrestrictad	Funds
General I'unds					27		74d,40S	534,095	148.211	535,960
Inveement revaluation			reserve		27		1,969,007	1,667,421	1,969,007	1,667,421
Designated funds					27	I	I,Sld,gd9	11.410,002	I I,S26,069	11,410,002
						14,241.481		13.611,518	14,143.347	13,613,383
Restricted Funds					27		80,657	126416	80,6S7	126416
TOTAL FUNDS						14322,138		13,737,934	14324.004	13.739.799

For the Year Snded 3 j Mar	ch 2022
		Note	2(322	202 (
Cash Bows from operating activities
Net incamef(expenditure} for the year			384,204	3.742,417
Adjusernanes eo cash flows from non-cash	learns
Depreciaoan charge			218,844	217,176
Amort is so on charge			1A440	16,546
(Calnr)Boss an inverunents			(301,307)	(1,094300)
Dividends and inrercrc from investments Lossf(prodrl an rhe dispasat of lixed assets			( I37.370) 193	(102,503)
			373,526	2,779364
vvorhfng capital adjustments
(Increase)fdecrcsse In smck		20	19.234	6,507
(Increasel/Decrease in dehtais		21	18,123	(834,427)
Increasef(decrease) e creditors		23	(30,704)	(8.559)
Nee cash flows from operating activities			379,181	1.942.885
Caah flows from investing activities
Dividends and Inccrert from invesrmencs			137,570	102,503
Payments co acquire Inranghle Bxed assets
Paymenu ta acquire tangible fixed assets			(153,'759)	(116,51371
Proceeds from sale of investments
Payrnenu inta investmenrs			P30,000)	(750.000)
Net cash flows from inverting activicies			(766,189)	(764.004l
Net increase in cash and cash equivalencs			(387,008)	1,178,801
Cash and cash equivalents ae I April		22	1,399.728	1,420,927
Cash and cash equivalents ae 31 Bsarch		22	2,2 t2.'720	'2,599.728

				Unrestricted	Restricted	2022	202 I
				C	g		f.
Legacies 8 In Me moro m Don Fundralsing 8 Donauons	auons			1,625,270 782.637	39,130	1,625,270 821.'747	752,612 2.,870,337
Gifts in Kind				36.345		36345	53,433
				2.444,252	39,130	2,483,382	3.676.382
Income from charitable		activities
				Unrestricted	Restrhcted	2022	2021
					C
CCG Gram				1,235,346		1,23S,346	1,308,037
C14C Funding				129,110		129.110	126,052
Siib-tool for fncome supporclng		Direct.	Facient. Care	1,364,456		1,364,456	1.434.089
Educational Traimng				4,!30		4,130	2.395
Tocal income from chantable	acosioas			1,3d8,586		1,368,58d	1.436.484
Income from other trading			actihfities
			Unrestricted		Restricted	2022	202 I
				6'
Shops 5 Monopoly				1.256.3 14		1456,314	308.489
Loueiv				647,112		647,112	64s,676
Buaneo Grants				37,336		37,336	285.686
				1,940,762		1,940,762	1,242,851
Income from investments
			Unrestricted		Restricted	2022	202 I
				f
Dleidends				135,451		135,4S I	98.932
Depcort Interest				2.119		2,119	3,571
				137,570		137,570	102,503

			Unre stri c ted	Restricted	2022	'202 I
			g.
Government	Covid Sup porc			389.015	389,018	1,427,296
Coronavlrua	Job 8etenclon	Schema (Furlough)				180,788
CCG Support for Coronavlrua						75,000
()spoaat of	Aateta		(195)		(198)	2,922
Ocher			20.478		20,478	18,359
			28,283	389,8 IS	409,298	1,704.365

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		This ls staced	This ls staced	This ls staced	afccr charging Ia edmng.	afccr charging Ia edmng.	afccr charging Ia edmng.
								2022	2021
		Am aitlsadon						14,440	16,545
		De pret l at i Loss/(profit)		an	on disposal of fixed assets			213,844 195	217,176 (2.922)
		Operating	lease rentals:
		Property						194,297	179425
		Other						3'7,725	10,926
I	D.	Auditor's		remuneration
								2022	2D2 I
								I«
		The analysis	af		auditor's	remuneration	ls as fosaws
		Audit fees						11,300	11.300
		Accountancy		services				1,508	1.500
		Tax compliance			seiivices			600	975
								13,400	13.775

								2022	2021
5slarias	and wages							3,818,6!8	3,600,195
Employer	's Naclonal	Insurance						328,044	301,721
Employer	's cantrrbunon		to defined	conuibuuan	pen aron	schemes		241,981	230,720
								4,388,643	4.132.636
The fogovxng number			ofemployees	received employee		benefits (cxduding	pension	casts) dunng the year between
								2D22	202l

Staff numbers
The average nundser oi einployees	was.
		Average 2022	FTE 2022	Average 202 3	FTE 2f)2 I
		No.	bio.	No.	No,
Fundrai sing Actlvlues		50	38	40	33
Direct Care		80	58	79	58
Educaoon			I	2	I
NDH Ventures			I	3	2
Support		46	34	44	34
		176	131	168	128

Group and company
					Software	Total
Cost
As ac I April 2021					2223III	222,811
D tip os a la
As at 31 March 2022					2223111	222,811
Depreciatio n As at I Aprs 2021					186.798	I86,798
Charge for the Year					14,441	14,441
D is p os ala
As at 31 March 2022					201.239	201,239
Net book value
As at 31 March 2022					21,572	21,572
As at 31 March 2021					36013	36,013
Tangible lixed assets
	Freehold &	Fixtures	and	Computer	Motor
	Lease hoId	fittings		equipment	Vehicles	Total
Cost
Ar, at I April 2021	4.436,935	608r843		319.422	114,133	5,479,333
Addloons	14,164		113.249	26346		153,759
D is pos a la			f313051	131.3123		(62,617)
As ac.31 March 2022	4,451,099	690,787		314,456	114,133	5,5'70,475
Depreciation
As at I April 2021	1,333.823	469,432		209,711	95,791	2,108,757
Charte for the Year	105,793		61.215	37,212	11,624	215,844
Disp os a la			i31,3053	(31,117)		(62,422)
As at 31 March 2022	1,439,6!6	499,342		215.806	107,415	2,262,179
Net book value
As at 31 March 2022	3011,483		191,445	98,650	6.718	3,308,296
As at 31 March 2021	3,103,112		139,411	109,711	18,342	3,370,57ii

Tangible axed ass	ets (conclnued)
Charity	Freehold R	Fixtures and	Computer	Motor
	Leasehold	fittings	equipment	Vehicles	Total
		g			g
Cost
As at I Apnl 2011	4,436,935	6083343	3 18,723	114,133	5,478,634
Addtuons	14,164	113,249	26,346		153,'759
Duposals		(31,305)	130,614)		(61,919)
As at 31 March 2022	4.451,099	690,787	314,455	114,133	8470,474
Depreciation
As at. I Apnl 2021	1.333,823	46943'2	209.012	95,791	2,108.058
Charge for the Year	105,793	61.215	37,212	11,624	218.844
Dlsposals		(31.3053	(30,419)		(61,724)
As at 31 March 2022	1.439,616	499,342	2153105	107,415	2,262,178
Net book value
As ac 31 March 2022	3,011,483	19I,445	98,650	6,718	3,308,296
As at 31 March 2021	3,103,112	139,411	109.711	18,342	3,3'70,576

							2022	202)
Turnover							689,707	675.320
Cast af Sales							(134,704)	(124,163)
Cross Profit							gg5,003	551,157
Adminiscraove		Expenses					(71,328)	(74,092)
Other aperatmg		income						7,960
Profit on	Ordinary		Activicies				483,768	485,025
Taxsoori
Pnslit for	the financial			year			483,765	485,025
Dividend	pmd ta		puent		undertaking		483,765	485.025
The aggrogam of			the	assets, liabilioes		and funds were
Assets							168,110	168,5!2
Liabilities							(84,JIO I)	(84.803)
							83,709	83,709

		2022	2021
		E
Gross	income	6,133,761	7,961,408
Result	for che year	584,304	3,742 417

						Group	Group	Charity	Charity
						2022	2021	2022	2021
								C	g
	Fair value at	the son of			the year	B,I644,574	33100,274	5,730,148	3,8853348
	Addioons at	cost				750,000	750,000	750,000	750.000
	Disposal proceeds
	Net. lines)/gain			on change	in fur value	301,587	1.094,300	301,587	1,094,300
						d,d96,161	5344.574	d,781,735	5,730, 148
	klstoric cost ac she end ofthe year					4,727,153	3.977,153	4,812,7l7	4,062,727
	Investments	comprise
						2022	2021	2022	2021
						g	g
	UK Common		Investment		funds	d,d9d,ldl	5644.574	d,69d, l d I	5,644,574
	Untied shares			in subsidiary undertaking
	incorporated	In		the UK				85374	85,574
						d,69d, ldl	5,644.574	6,781,735	5.730,148
	Invmtments	representing			over 5% by value ofthe portfolio	igroup and	charity) comp nse:
								2022	2021
	BNY I4ELLON			- Nor/ton	5RI Fund for Cha rides			d,d96,161	5,644,574
20.	Stock
						Group 2022	Group 2021	Charity 2022	Charity 2021
	Finished goocls		for resale			12,530	31.764
21.	Debtors
						Group	Group	Charity	Charity
						2022	2021	2022	2021
							IC
	Trade Debto/a					69,274	55052	119,274	55.052
	Other Debtors					32.426	36,307	32,42d	36,307
	pre payments Accrued ncome					131,137 l,291.674	115,793 2.332,484	124,993 2,291,6'74	113,264 2,332.484
						2,524,511	2.539,636	2,518,367	2,537,107

				Group	Group	Charity	Charity
				2022	2021	2022	202 I
Cash	in hand			9,808	2,012	9,000	2,012
Cash	at bank			2,202,912	2,597,716	2.191,640	2.588,'908
				2,212,720	2,S99,720	2,201,440	2,590,920
Analysis		ofnet debt			g3penfng	Cash flow	Closing
					d		f.
Total	cash				2,599.720	(387,800)	2,212,720
Creditors: Amounts			falling due within one year
				Group	Group	Charity	Charity
				2022f	2021	2022	2021
Trade	Creditors			131,9'99	116,110	131,999	116.110
Amounts		due ta group undertakings				130.ld4	125d I I
Ocher taxes and sooal securay				83,362	72,065	83,862	72,065
Ac.crua la				125,480	166,200	125,408	166.200
Deferred		income 1Nate 24)		I I D,D83	127,453	20,203	45,171
				481,132	481836	S07,41d	524.965

			Group	Group	Charity	Charity
			2022	2021	2022	2021
			g		g
Balance	Brought	Forward	127,453	I 23.739	45,171	41,449
Amount	released	to incame in che year	(127,453)	(108.690)	(45,171)	(26400)
Amount.	deferred	in the year	I ID,003	112,404	28,203	30,122
Balance	Carried	Farward	110.083	I27,453	28,203	45,171

	For the Year Ende	d	3I M	arch 2022
27.	Statemenc offunds
	Group			As at I			Gains)	As at 3I
				April			(Losses)	March
				2021	Income	Expenditure	Transfers	2022
				IE
	Unrestricted Funds:
	Designated Funds:
	Busdlny snd assets			3,406,589			(76,720)	3,329,869
	Risk based reserve			2,850.000				2,850,000
	income Generation Diverafication			600,000				60D,DDB
	H2H 5ennce Provnion			1,768.595		(303,7531	65,839	1,53D,681
	straugy Service Provnion	gi
	OFTpnlsatlonal Development		21-26	1.995,380		(266,036)	1,215,079	2,944,423
	Sti stagy Digaal Development
	gi Innovation 21-26			317,603		(4,534)	(41.973)	271,8P6
	COVID Response			471,835		(471,835)
	Total designated funch			I!.410,002		(1,046, 1 58)	1,162,225	11,826,069
	Revaluation reserve			1.667.420			301,587	1,969.007
	General funds			534,096	6,213,040	(4373,746)	(1,426,985)	74e,405
	Total unrestricted Funds			13,611,618	6,213,048	(s,dl9,904)	367327	14.241,481
	Restricted Funds:
	Palltvit selvlces			38.935	25,015	(48,062)		18,888
	Long House			2.DBB				2,088
	spital other Covid			85.393	14,115 389,015	(389,015)	(36,827)	62,FIB I
	Total restricted funds			Ild,d Id	428,145	(437,077)	(36,827)	80,657
	Total funds			13,737,934	d,641,185	(6,056,981)	~	14,322,138

Analys	is ofgro	up net assets bet	ween funds
			General	Designated	Restricted
			Funds	Funds	Funds	Total
				6	6
Tangible	fk intangible	Fixed Assets		3,329,86'7		3,329,869
Investmants				6.696.161		6,696,161
Other Assets			746305	3,469,046	80,657	4,296,I08
			746,405	I3,496,076	80,657	14,322,138

		2022	2021
Less	than one year	I09,838	146,798
One	to five years	143,896	165.596
Over	frve years	335,737	338,750
		S89,471	6SI.144

		2022	202I
		0
Less	chan one yeai	109,838	146,798
One	to five years	143,896	165396
Over	five years	335,737	338,750
		589,471	651,144