2021-03-31-accounts - St Elizabeth Hospice

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					OOOO
Legacies deferral
Trustees have agreed to spread recognition oflarger legacies			over four financial years for financial
planning purposes, so that the volatile nature oflegacies income can be smoothed. Based on three
legacies notiTied in 2020/21,	there will be61.012 million	deferred for release in the next 3years			1,012
Building refurbishment
Provision for office refurbishments to allow for updating		ofthe	parts ofthe	Hospice most in need of
updating and to create some	flexible space to accommodate		more modern	methods ofworking.	500
Patient Services Projects
Provision for investing into growing future patient services where statutory Retail lockdown				funding is not available.	1,000
This reserve makes provision	for the risk ofafurther lockdown		with the need again to close Retail,
followed by a gradual return	to normal trading volumes.				550
Young Adult Pilot
Amount remaining from existing reserve for investment		in Young Adult services			65
Total Designated Funds					3,127

endance at board and	sub —committe	es is set out be	low,
				Income		Patient &
				Generation	lk	Family
	Board of			Markedng		Services
	Trustees	Finance	Governance
lan Turner	7/7	4/4	4/4	5/5
William Barnes	7/7	4/4	4/4
Grainne Drummond	6/7					4/4
Nick Hatton	6/7			5/5
Ann Hogarth	7/7		4/4
Terry Hunt	5/7			5/5
Graham Mackenzie	7/7		2/4			2/4
Anthony Nicholl	7/7		4/4			4/4
Mark Nicholls	3/7	2/4
Ann (Nina) Parkinson	7/7					4/4
Resigned Trustees
Nigel Gibbons	3/3
Nick Hulme	3/4		I/3			I/3
New Trustees
Nick Banks	2/2	I/I		I/I

					Unrestricted	Restricted		Unrestricted	Restricted	2020
					Funds	Funds	2021	Funds	Funds	Restated
										(eee Note 24)
										5
Income from donations, and grants		legacies			4,050,797	147,257	4,198,054	3,941,490	159,128	4,100,618
Income from charitable		activities			4,493,613	2,841,853	7,335,486	3,203322	363,445	3,566,667
Income from trading activities Commercial trading Lottery subscriptions Other income					1,715,520 477,080 55,350		1,715,520 477,080 55,350	4,052,266 466,023 170,919		4,052,266 466,023 170,919
					2,247,950		2,247,950	4,669,206		4,689,208
Investment Income					205.850		205,650	236,437		236,437
Other Income					894,809		894,809	450.785		450,785
Total income					11,892,819	2,989,110	14,881,929	12,521,142	522,573	13,043,715
Expenditure on: Raising funds					4,712,997		4,712,997	5,483,169		5,483,169
Chaditsble activities:					5,064,396	2,818,274	7,882,670	6,911,060	511,765	7,422,825
Total expenditure				8	9,777,393	2,818,274	12,595,667	12,394,249	511,765	12,906,014
Net income from operational			activities		2,115,426	170,836	2,286,252	126,893	10,606	137,701
Net gains l(losses) on		investments		11	965,372		965,372	(162,089)		(162,089)
Net movement in funds transfers Transfers		before		17	3,080,798	170,836	3,251,834	(35,196) 55,414	10,606 (55,414)	(24,388)
Net movement in funds		after	transfers		s,oeo,r98	1ro,ese	3,251,634	20,218	(44,606)	(24,388)
Reconcleation offunds
Fund balances brought	forward				13,111,542	81,809	13,193,351	13,091,324	126,415	13,217,739
Fund balances carried forward				17	16,192,340	252,845	16,444,985	13,111,542	81,809	13,193,351

				Group	Group	Charity	Charity
				2021	2020	2021	2020
			Note		5	6
Fixed assets
Tangible assets			10	5,723,990	6,020,395	5,723,990	6,020,395
Intangible assets			10	146,615	116,686	146,615	116,686
Investments			11	5,537,351	4,568,524	5,567,351	4,598,524
				11,407,956	10,705,605	11,437,956	10,735,605
Current assets
Stocks			13	72,611	86,345	6,554	8,134
Debtors			14	2,616,164	2,000,132	2,636,218	2,050,742
Cash at bank and	in hand		15	4,397,247	1,580,627	4,395,388	1,572,426
				7,086,022	3,667,104	7,038,160	3,631,302
Creditors: amounts	falling due
within one year			18	2,048,993	1,179,358	1,978,852	1,143,345
Net current assets				5,037,029	2,487,746	5,059,308	2,487,957
Net assets				16,444,985	13,193,351	16,497,264	13,223,562
General fund (unrestricted)				7,194,851	6,909,577	7,247,130	6,939,788
Designated funds (unrestricted)
Fixed assets fund				5,870,605	6,137,081	5,870,605	6,137,081
Building refurbishment		fund		500,000		500,000
Patient Services fund				1,000,000		1,000,000
Retail lockdown fund				550,000		550,000
Legacies deferral fund				1,012,000		1,012,000
Service development		fund		64,884	64,884	64,884	64,884
Restricted funds				252,645	81,809	252,645	81,809
Total funds			17	16,444,985	13,193,351	16,497,264	13,223,562

				Note	2021	2020
					5
Net cash generated by/(used in) operating activities				A	2,749,054	(591,221)
Cashflows from investing	activities
Interest received					1,700	3,293
Income from fixed asset	investments				203,950	233,144
Purchase oftangible fixed assets					(90,787)	(266,460)
Purchase of intangible fixed assets					(43,842)	(28,267)
Decrease/(Increase) in	investment	cash			12,855	(7,654)
Proceeds from sale offixed asset investments						1,301,186
Purchase offixed asset	investments				(16,310)
Net cash provided by investing activities					67,566	1,235,242
Change in cash and cash reporting period	equivalents	in the			2,816,620	644,021
Cash and cash equivalents reporting period	at the beginning		ofthe		1,580,627	936,606
Cash and cash equivalents reporting period	at the end of		the		4,397,247	1,580,627

A	Reconciliation ofnet expenditure	Reconciliation ofnet expenditure	to	net cash flow	from operating
						2021	2020
						6	p
	Net expenditure for the reporting			period		2,286,262	137,701
	Investment income					(205,650)	(236,437)
	Depreciation, amortisation		and	loss on disposal		401,105	365,334
	(Decrease) in stocks					13,734	(3,645)
	(Increase)/decrease	in debtors				(616,032)	(664,764)
	(Decrease)/increase	in creditors				869,635	(189,410)
	Net cash generated	by/(used		in) operating	activities	2,749,054	(591,221)
B	Analysis ofchanges in net	funds
						2021	2020
						6	6
	Operating net funds
	Cash and cash equivalents					1,580,627	936,606
	Changes in net funds	arising from:
	Cashflows ofthe entity					2,816,620	644,021
	Closing net funds
	Cash and cash equivalents					4,397,247	1,580,627

movemen	t in funds
				2021	2020
				8	L
This has been arrived at after charging:
Depreciation				361,761	325,658
Amortisation				13,913	12,884
Loss on	disposal offixed assets			25,431
Government grants —Coronavirus		Job Retention Scheme		635,151	20,786
Government grants —Business Rates			Relief	259,656	430,000
Operating	lease payments -equipment			33,826	33,826
Operating	lease payments - land	and	buildings	409,613	509,695
Auditor's	remuneration -Charity			17,875	13,000
Auditor's	remuneration —subsidiaries			7,600	6,350
Auditor's	remuneration —corporation		tax fees	3,817	3,635
Auditor's	remuneration —other			1,349	1,285

Analysis ofexpenditure Costs ofraising funds Fundraising Fundraising expenses Supportcosts	Analysis ofexpenditure Costs ofraising funds Fundraising Fundraising expenses Supportcosts			2021 641,613 286,251	2020 5 1,209,844 250,130
				927,864	1,459,974
Commercial trading Trading costs Supportcosts				2,743,353 811,859	3,133,115 682,874
				3,555,212	3,815,989
Lottery prizes and administration Prizes and administration				175,727	155,359
Supportcosts				18,656	14,389
				194,383	169,748
Investment management		costs		35,538	37,478
Total Costs ofraising funds				4,712,997	5,483,190
Costs ofcharitable	activities
Inpatient Unit Patient care				2,985,498	2,791,539
Catering Support costs				204,516 614,761	266,342 607,947
				3,804,775	3,665,828
Day Services Patient care				279,251	438,640
Supportcosts				94,025	91,751
				373,276	530,391
Community Patient care				2,221,532	2,078,152
Support costs				573,625	420,903
				2,795,157	2,499,055
Therapies and Wellbeing Patient care				687,436	568,066
Support costs				222,026	159,485
				909,462	727,551
Total costs ofcharitable			activities	7,882,670	7,422,825
Total expenditure				12,595,667	12,906,014

			Finance tt	ONce		HR	Property S	PR	PR		Education	2021	2020
			ieger	Mgmt			Depn					Total	Total
			f			f	f				f	f
Fundraising			30,211	59,755	41,164	27,789	102,974	9,819			14,539	286,251	250,130
Commercial		trading	85,683	169,475	116,748	78,815	292,054	27,848			41,236	811,859	682,874
Lottery			1,969	3,894	2,683	1,811	6,711		640		948	18,656	14,389
Inpatient	Unit		64,881	128,331	88,405	59,681	221,151	21,087			31,225	614,761	607,947
Day Services			9,923	19,628	13,521	9,128	33,824	3,225			4,776	94,025	91,751
Community			60,540	119,744	82,489	55,687	206,353	19,676			29,136	573,625	420,903
Therapies	snd		23,432	46,348	31,928	21,554	79,871	7,616			11,277	222,026	159,485
Wellbeing
			276,639	547,175	376,938	254,465	942,938	89,911			133,137	2,621,203	2,227,479
	The entity adopts a policy			ofallocating costs		to the respective cost headings				through the		year. This allocation
	includes support costs where they				are directly attributable.		Where they		are		not directly	attributable,	support
	costs are allocated on the basis of				FTE headcount.
0.1 Tangible fixed assets
Group and Charity
						Freehold	Equipment,
						land and	fixtures and				Motor
						buildingsf	fittingsf			Vehiclesf		Totalf
	Cost
		At 1 April 2020				6,704,231	2,376,504				22,845	9,103,580
		Additions					90,787					90,787
		Disposals					(42,693)					(42,693)
		At 31 March 2021				6,704,231	2,424,598				22,845	9,151,674
	Depreciation
		At 1 April 2020				1,532,129	1,528,211				22,845	3,083,185
		Charge for	the year			133,567	228,194					361,761
		Eliminated	on disposal				(17,262)					(17,262)
		At 31 March 2021				1,665,696	1,739,143				22,845	3,427,684
	Net written		down value
		At 31 March 2021				5,038,535	685,455					5,723,990
		At 31 March 2020				5,172,102	848,293					6,020,395

Group and Charity
	Softwaref
Cost
At 1 April 2020 Additions	136,800 43,842
At 31 March 2021	180,642
Amortisation
At 1 April 2020 Charge for the year	20,114 13,913
At 31 March 2021	34,027
Net written down value
At 31 March 2021	146,615
At 31 March 2020	116,686

ng term investments
		Group and charity
		2021	2020
		6	'Z
Nlarket value
At 1 April 2020		4,555,657	6,018,932
Additions		16,310
Disposals			(1,301,186)
Realised gains			618,517
Unrealised gains/(losses)		965,372	(780,606)
		5,537,339	4,555,657
Cash deposits		2	12,857
Hospice Quality Partnership		10	10
At 31 March 2021		5,537,351	4,568,524
Market value can be analysed as follows:
UK listed equities and unit trusts		5,537,339	4,555,657
Cash deposits		2	12,857
Hospice Quality Partnership		10	10
		5,537,351	4,568,524
The historical costoflong term investments	can be analysed
as follows:
UK listed equities and unit trusts		2,680,648	2,664,338
Cash deposits		2	12,857
Hospice Quality Partnership		10	10
Cost at 31 March 2021		2,680,660	2,677,205

ctivity ofHos	pice T	rading (Ipswich) Limited is the sale ofgood	s bought in for resale.
			2021	2020
			5	F
Turnover			111,920	392,490
Cost ofsales			(57,280)	(162,885)
Gross profit Administrative	expenses		54,640 (156,175)	229,605 (204,416)
Operating (loss)/profit			(101,535)	25,189
Tax on (loss)/profit			(866)
(Loss)/profit	after	tax and profit for the year	(102,401)	25,189
Balance Sheet
			2021	2020
			8
Fixed assets
Current assets			66,057	91,060
Creditors: amounts		falling due within one year	(120,869)	(43,471)
Total net (liabilities)/assets			(54,812)	47,589
Share capital Reserves			20,000 (74,812)	20,000 27,589
			(54,812)	47,589

h at	bank and in hand
			Group	Charity
		2021	2020	2021	2020
			6	5	K
Cash	at bank	4,394,011	1,577,408	4,392,252	1,569,308
Petty	cash	3,236	3,219	3,136	3,118
		4,397,247	1,580,627	4,395,388	1,572,426

		Group		Chadty
		2021	2020	2021	2020
		8			2
Trade creditors		139,245	143,857	139,245	143,857
Taxation and social Other creditors	security costs	152,584 94,703	170,706 96,995	152,584 91,303	170,706 93,595
Amount due to group undertakings Accruals		571,399	517,046	4,024 500,634	12,849 471,584
Deferred income		1,091,062	250,754	1,091,062	250,754
		2,048,993	1,179,358	1,978,852	1,143,345
Deferred income
Balance at 1 April Additional amounts	of income deferred	250,754 1,476,273	500,369 1,007,210	250,754 1,476,273	500,369 1,007,210
Amount released to	income	(635,965)	(1,256,825)	(635,965)	(1,256,825)
Balance at 31 March		1,091,062	250,754	1,091,062	250,754

						Fixed	Investments		Net Current	Net Current	Net Current	Total
						assets			Assets
						6	6			6		6
General fund (unrestricted)							5,537,351		1,657,500		7,194,851
Designated funds	(unrestricted)
Fixed assets fund						5,870,605					5,870,605
Building refurbishment			fund						500,000			500,000
Patient services	fund								1,000,000		1,000,000
Retail lock down		fund							550,000			550,000
Legacies deferral		fund							1,012,000		1,012,000
Service development			fund						64,884			64,884
						5,870,605	5,537,351		4,784,384		16,192,340
Restricted fund									252,645			252,645
						5,870,605	5,537,351		5,037,029		16,444,985
				Balance	at	Income	Expenditure		Transfers	Investment		Balance	at
				1 April							Gains	31 March
				2020								2021
					6				8		6		8
General fund (unrestricted)				6,909,577		11,892,819	(9,777,393)	(2,795,524)			965,372	7,194,851
Designated funds
(unrestricted)
Fixed assets fund				6,137,081					(266,476)			5,870,605
Building refurbishment
fund									500,000			500,000
Patient services	fund								1,000,000			1,000,000
Retail lock down	fund								550,000			550,000
Legacies deferral		fund							1,012,000			1,012,000
Service development			fund	64,884								64,884
Total unrestricted	funds			13,111,542		11,892,819	(9,777,393)				965,372	16,192,340
Restricted funds
Various				81,809		2,989,110	(2,818,274)					252,645
				13,193,351		14,881,928	(12,595,667)				965,372	16,444,985

Analysis offund balances prior year	Analysis offund balances prior year	(Group)
				Fixed	Investments	Net Current		Total
				assets		Assets
				8	8		8	6
General fund (unrestricted)					4,568,524	2,341,053		6,909,577
Designated funds (unrestricted) Fixed assets fund				6,137,081				6,137,081
Improvement fund Service development	fund					64,884		64,884
				6,137,081	4,568,524	2,405,937		13,111,542
Restricted fund						81,809		81,809
				6,137,081	4,568,524	2,487,746		13,193,351
		Balance	at	Income	Expenditure	Transfers	Investment Balance		at
		1 April						Gains 31 March
		2019						2020
			8			8			8
General fund (unrestricted)		6,115,636		12,521,142	(11,788,898)	223,786	(162,089) 6,909,577
Designated funds
(unrestricted) Fixed assets fund		6,207,688				(70,607)		6,137,081
Improvement fund Service development	fund	566,000 202,000			(468,235) (137,116)	(97,765)		64,884
Total unrestricted funds		13,091,324		12,521,142	(12,394,249)	55,414	(162,089) 13,111,542
Restricted funds
Various		126,415		522,573	(511,765)	(55,414)		St,aog
		13,217,739		13,043,715	(12,906,014)		(162,089) 13,193,351

Analysis offund balances current	Analysis offund balances current	year (Charity)	year (Charity)
				Fixed		Investments		Net Current			Total
				assets				Assets
					5	5			E		E
General fund (unrestricted)						5,567,351		1,679,779		7,247,130
Designated funds (unrestricted)
Fixed assets fund				5,870,605						5,870,605
Building refurbishment	fund							500,000		500,000
Patient services fund								1,000,000		1,000,000
Retail lock down fund								550,000		550,000
Legacies deferral fund								1,012,000		1,012,000
Service development	fund							64,884			64,884
				5,870,605		5,567,351		4,806,663		16,244,619
Restricted fund								252,645		252,645
				5,870,606		5,567,351		5,057,308		16,497,264
		Balance	at	Income	Expenditure		Transfers		Investment		Balance at
		1 April							Gains		31 INarch
		2020	E		6	f		E			2021
General fund (unrestricted)		6,939,788		11,205,727		(9,068,233)	(2,795,524)		965,372		7,247,130
Designated funds (unrestricted)
Fixed assets fund		6,137,081						(266,476)			5,870,605
Building refurbishment	fund							500,000			500,000
Patient services fund								1,000,000			1,000,000
Retail lock down fund								550,000			550,000
Legacies deferral fund								1,012,000			1,012,000
Service development	fund	64,884									64,884
Total unrestricted funds		13,141,753 11,205,727				(9,068,233)			965,372		16,244,819
Restricted funds
Hospice UK				2,642,892		(2,642,892)
Various		81,809		346,218		(175,382)					252,645
Total Restricted funds		814,809		2,989,110		(2,818,274)					252,645
		13,223,562 14,194,839				(11,886,507)			965,372		16,497,264

ading activities as oth omparability.	er income.	The correspondin	g figures h	ave been restated accor	dingly to ensure
		As Previously	Report	Restatement	Restated
Income from Charitable	Activities	4,017,452		(450,785)	3,566,667
Other Income				450,785	450,785