2023-03-31-accounts - St Elizabeth Hospice

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

inancial R	eview
			Income	Expenditure	Contribution	2022
			(f000's)	(EOOO's)	(EOOO's)	(EOOO's)
Cost ofdelivering		hospice services		(9,986)	(9,986)	(8,159)
This cost isfunded		by the following sources:
Grants			6,218		6,218	6,821
Fundraising			2,812	1,186	1,626	836
Legacies			1,760		1,760	9,727
Lottery			391	96	295	268
Trading			4,903	4,773	130	(5)
Investment	Income		249	38	211	164
Gains/Losses	in value ofinvestments			370	(370)	113
Other Income				2
Total Contribution			16,333	6,463	9,871	17,924
Net (deficit)/surplus					(114)	9,765

Mrs Cherry Allum	Mrs Patricia Baldwin	Mrs Jenny Banks	Mr Robin Beckett
Miss Edith Blomfield	Ms Daphne Chambers	Mr Rodney Collings	Dr Keith Coventry
Mrs Margaret Ellingham	Miss Joan Fardngton	Mrs Patricia Fill	Mrs Jennifer Frost
Mr Victor Goodchild	Miss Betty Gooden	Mrs Elsie Gooding	Miss Carol Gort
Mr Colin Hazelwood	Mrs Vera Hockaday	MrJohn Hopkins	Mr David Hoult
Mr Martyn Howe	Mr Alan Hubbard	Mrs Marjorie Jay	Mr Charles King
Mrs Mable Martin	Mr Edwin Mason	Mrs Gillian Maylin	Mrs Ann Morgan
Mrs Irene Ore	Mrs Dennis Page	Miss Penny Parke	Mrs Audrey Psttitt
Ms Martha Phillips	Mr Keith Prout	Mrs Judy Riggs	Mr lan Riley
Mrs Rita Rogora	Mrs Doreen Rolando	Mr Anthony Schaffer	Mr Barry Smith
Mrs Iris Smith	Mr Thomas Smith	Mr Peter Taylor	Mr George Thompson
Mrs Susan Turner	Mrs Eileen Tyler	Miss Marjorie Wakeling	Miss Jeanne Walker
Mr Ewart Walls	Mrs Janet Wightman	Mrs John Wilmot	Mr Anthony Wray
Mrs Jean Wurr

Designated Fund						Change		Amount
Fixed Assets Fund
The fixed asset fund represents the net book value oftangible and intangible fixed assets. These funds are ringfenced and						Increased from f5,413,496 at March 2022.		65,364,231
do not form part of the liquid resources available for the			day to
day operations ofthe charity.
Building Refurbishment Provision for necessary building refurbishments	to allow for	growth			in	Increased fromf3,500,000		F5,250,000
services and updating areas of the Hospice	to create some		Rexible			at March 2022
space to accommodate more modem methods	ofworking.
Patient Services Projects
Provision for investing in service delivery innovation and improvements						Increased from 22,420,000		62,570,000
to grow future patient services where statutory	funding is not	available.				at March 2022.
Energy Efficiency & Carbon Neutral Investment The hospice recognises the requirement for investment		in	Energy			Increased from 6500,000at		F575,000
efficiency with the ambition ofcarbon reduction	across all sites					March 2022
Anticipated Future Deficits 2022-27
The hospice will work towards reducing annual	deficits over	the		next	5	Increased from 61,700,000		63,575,000
years. This fund will provide for the shortfall during this period.						at March 2022
Legacy Deferral
This fund was previously introduced to acknowledge the volatile				nature		Discontinue as a designated
oflegacies and spread those of large value over 4years. This fund has						fund at March 2023
been removed in 2022-23.
Major Legacy Received in 2022
Trustees' have reallocated the significant	giR amongst		Building			Reallocated designated	fund
Refurbishment and Patient Services Projects	with the balance			within		at March 2023
unrestricted funds whilst a strategic financial review is conducted				forthe
hospice
Out ofHospital Project with ESNEFT The hospice continues to work with ESNEFT to expand out		of hospital				Decreased from f690,000 at		8644,734
services. Each party has committed f690k	to the project			over	a	March 2022
proposed 3year period
Investment in retail estate
Provision for investigating new opportunities for Retail investment						Newly created		6500,000
						designated fund
Sustainability ofincome generation Provision to allow for research and investment	into income	generating				Newly created		f75,000
activities that may be new to the sector						designated fund
Service continuity
Provision to financially underpin elements ofenhanced service			delivery			Newly created		62,135,000
that is at risk offinancial instability						designated fund
Total Designated Funds								E20,688,965

s and ca	sh d	eposits.	The targ
Equities			70%
Fixed interest		/ cash	18%
Property	/ other		12%

	Board of	Finance 8	Governance	Income		Care &	People 8
	Trustees	Investment	8,Oversight	Generation	&	Clinical	Culture
				Comms		Governance
Nick Banks							5/5
William Bames	8/9	5/6	4/5
Pam Penner	9/9					2/4	3/5
Ann Hogarih	9/9		5/5				5/5
	7/8			4/4
Graham Mackanzie	7/9		5/5			4/4	5/5
Ann (Nina) Parkinson	9/9		3/3			4/4
John Pickering	7/9
lan Turner	9/9		5/5	4/4		4/4	5/5
Resigned Trustees
Nick Hallon				1/2			1/2
Anthony Nicholl	3/3	1/3	2/3	3/3		0/2
Teny Hunt	7/9			3/4
New Trustees
Melanic Craig	7/9
Andress Hilger	5/7
Bridget Lowe
Ann Monks	1/2
Mary Prelswes

					Unrestricted	Restricted		Unrestricted	Restdcled
					Funds	Funds	2023	Funds	Funds	2022
					6		F	E		E
Income from donations,		legacies
and grants				5	3,577,590	354,497	3,932,087	11,352,640	140,790	11,493,430
Business combination				23		639,861	639,861
Income from charitable		activities			5,650,147	567,941	6,218,088	5,106,811	1,714,261	6,821,072
Income from trading activities
Commercial trading					4,798,157		4,798,157	4,084,717		4,084,717
Lottery subscriptions					390,563		390,563	452,484		452,484
Other income					104,523		104,523	71,085		71,085
					5,293,243		5,293,243	4,608,286		4,608,286
Investment income				7	248,597		248,597	201,981		201,981
Other Income					1,500		1,500	115,946		115,946
Total income					14,771,077	1,562,299	16,333,376	21,385,664	1,855,051	23,240,715
Expenditure on:				8	6,068,362	23,268	6,091,630	5,421,867	7,505	5,429,372
Raising funds
Charitable activities:				8	9)094)857	891 325	9986182	6224 521	1 934410	8158931
Total expenditure				8	15,163,219	914,593	16,077,812	11,646,388	1,941,915	13,588,303
Net income from operational			activities		(392,142)	647,706	255,564	9,739,276	(86,864)	9,652,412
Net gains I(losses) on		investments		11	(369,571)		(369,571)	113,186		113,186
Net movement in funds		before
transfers					(761,713)	647,706	(114,007)	9,852,462	(86,864)	9,765,598
Transfers				17
Net movement in funds		after	transfers		(761,713)	647,708	(114,007)	9,852,462	(86,864)	9,765,598
Reconciliation offunds
Fund balances brought	forward				26,044,802	165,781	26,210,583	16,192,340	252,645	16,444,985
Fund balances carried fonvard				17	25,283,089	813,487	26,096,576	26,044,802	165,781	26,210,583

									Group	Group		Charity	Charity
									2023		2022	2023		2022
						Note						6
Fixed assets
Tangible	assets					10.1			5,456,689		5,311,241	5,416,721		5,297,453
intangible	assets					10.2			50,496		102,257	50,496		102,257
Investments							11		5,792,584		6,156,108	5,822,584		6,186,108
								11,299,769			11,569,606	11,289,801	11,585,818
Current assets
Stocks							13		74,231		91,792	6,853		5,760
Debtors							14		4,143,205		12,117,858	4,277,184	12,273,671
Cash at	bank and		in	hand			15	13,639,172			7,663,953	13,559,315		7,649,593
								17,856,608			19,873,603	17,843,352	19,929,024
Creditors: amounts			falling due
within one	year						16		3,004,784		5,200,804	2,944,728		5,154,389
Net current	assets							14,851,824			14,672,799	14,898,624	14,774,635
Provisions	for liabilities						16.1		55,017		31,822	55,017		31,822
Net assets								26,096,576			26,210,583	26,133,408	26,328,631
General Fund (unrestricted)									4,594,124		2,994,304	4,670,924		3,126,140
Designated	Fund (unrestricted)							20,688,965			5,413,498	20,648,997		5,399,710
Total unrestricted		funds						25,283,089			3,500,000	25,319,921		3,500,000
Restricted	funds								813,487		165,781	813,487		165,781
Total funds							17	26,096,576			26,210,583	26,133,408	26,328,631
No separate	Statement			of Financial	Activities		has been		presented	for	the Charity alone as permitted		by	section 408 of
the Companies Act 2006. The unconsolidated							figure for the net movement in funds					ofthe Charity,	including donations
from its subsidiaries		is (6195,223)			(2022: net		movement		in funds of69,831,366).
The financial	statements			were approved		and	authorised		for issue by the board on 2omZw~ 2023,				and	signed on their
behalf by
IJ Turner									N L Banks
Director									Director

				Note	2023	2022
Net cash generated by/(used in) operating activities				A	5,535,830	3,816,472
Cashflows from investing	activities
Interest received					38,391	549
Income from fixed asset	investments				210,206	201,431
Purchase of tangible fixed assets					(319,676)	(184,341)
Purchase of intangible fixed assets					(11,933)	(25,834)
Purchase of goodwill						(36,000)
Decrease / (Increase) in	investment	cash			(1,312)	(11)
Cash from business combination					528,448
Proceeds from sale offixed asset investments
Purchase offixed asset	investments				(4,735)	(505,560)
Net cash provided by investing activities					439,389	(549,766)
Change in cash and cash reporting period	equivalents	in the		B	5,975,219	3,266,706
Cash and cash equivalents	at the beginning		of the
reporting period					7,663,953	4,397,247
Cash and cash equivalents	at the end ofthe
reporting period					13,639,172	7,663,953

A	Reconciliation of net expenditure	Reconciliation of net expenditure	to	net cash flow	from operating
						2023	2022
							6
	Net expenditure for the reporting			period		255,564	9,652,413
	Investment income					(248,597)	(201,981)
	Business combination	(note	23)			(639,861)
	Depreciation					325,015	597,091
	Amortisation					26,807	33,642
	Loss on disposal					36,887	36,550
	Impairment of goodwill						36,000
	(Increase)/decrease	in stocks				19,848	(19,181)
	(Increase)/decrease	in debtors				7,992,327	(9,501,694)
	(Decrease)/increase	in creditors				(2,208,110)	3,151,810
	(Decrease)/increase	in provisions				(24,050)	31,822
	Net cash generated	by/(used		in) operating	activities	5,535,830	3,816,472
B	Analysis ofchanges in net	funds
						2023	2022
							p
	Operating net funds
	Cash and cash equivalents					7,663,953	4,397,247
	Changes in net funds	arising	from:
	Cashflows ofthe entity					5,975,219	3,266,706
	Closing net funds
	Cash and cash equivalents					13,639,172	7,663,953

movement in funds
					2023	2022
					6
This has been arrived at Depreciation	after charging:				325,015	597,091
Amortisation					26,807	33,642
Impairment of goodwill						36,000
Loss on disposal					36,887	36,550
Government grants —Coronavirus		Job Retention Scheme				4,214
Government grants —Business Rates			Relief			105,531
Government Grants —Workforce		Retention		Grant	1,500	6,200
Operating lease payments - equipment Operating lease payments —land and buildings					9,864 545,164	34,594 489,840
Auditor's remuneration	- charity				21,000	17,950
Auditor's remuneration	-subsidiaries				9,000	7,150
Auditor's remuneration	—corporation		tax fees		5,900	4,450
Auditor's remuneration	—other				6,000	1,450

quivalent em	ployees during the year were as follows:
		2023	2022
		Full time	Full time
		equivalent	equivalent
Hospice services		164	143
Fundraising	and publicity	19	19
Shops Management	and administration	70 58	64 53
		311	279

Taxation	Taxation
The company is a registered		charity and is not		liable to	taxation		on its		income to the	extent that	it is applied
to its charitable objectives. Income			tax deducted	at source		from	income		is recovered	from HM Revenue and
Customs whenever possible.
Income from donations	and legacies
Unrestricted income:							2023		f	2022 f
In memoriam							494,452				470,385
Trusts								16,340			302,957
Fundraising donations	and	other gifts					1,399,309				851,857
							1,910,101				1,625,199
Restricted income:
In memoriam					1,639					10,540
Trusts				255,793					106,234
Fundraising donations	and	other gifts			4,233					24,016
Business combination	(see	note 23)		639,861
								901,526			140,790
							2,811,627				1,765,989
Legacies-unrestricted				1,667,489					9,727,441
Legacies-restricted				92,832
							1,760,321				9,727,441
							4,571,948			11,493,430
Income from charitable	activities
										2023	2022
Unrestricted income: Grants (Ipswich &East Suffolk ICB)									2,855,267		2,600,066
Unrestricted income: Grants (Great Yarmouth				&Waveney		ICB)			1,951,095		1,662,120
Unrestricted income: ICB(Palliative Care Co-ordination					Hub)				843,785		844,625
Restricted income: NHS England			grant								1,677,421
Restricted income: Grants									567,941		36,840
									6,218,088		6,821,072

stment income
			2023f	2022f
Bank deposit and building		society interest	38,391	550
Interest and dividends	on	listed investments	210,206	201,431
			248,597	201,981

Analysis ofexpenditure
Costs of raising funds Fundraising				2023	2022 f
Fundraising expenses				960,851	631,265
Support costs				224,697	298,800
				1,185,548	930,065
Commercial trading
Trading costs				3,772,967	3,293,371
Support costs				999,601	983,038
				4,772,568	4,276,409
Lottery prizes and administration
Prizes and administration				84,942	162,819
Support costs				10,830	21,660
				95,772	184,479
Investment management		costs		37,742	38,419
Total costs of raising funds				6,091,630	5,429,372
Costs ofcharitable	activities
Inpatient Unit
Patient care				3,466,880	2,649,206
Catering				238,852	174,841
Support costs				655,546	628,840
				4,361,278	3,452,887
Day Services
Patient care				611,291	424,034
Support costs				178,423	58,870
				789,714	482,904
Community
Patient care				2,739,601	2,378,734
Support costs				803,823	732,902
				3,543,424	3,111,636
Therapies and Wellbeing
Patient care				966,451	792,363
Support costs				325,315	319,141
				1,291,766	1,111,504
Total costs ofcharitable			activities	9,986,182	8,158,931
Total expenditure				16,077,812	13,588,303

		Finance &	ONce	IT	People lt	Property &	PR	Education	2023	2022
		legal	Mgmt		Volunteering	Depn			Total	Tots I
			6					6		f
Fundraising		30,358	28,850	27,487	32,328	76,871	12,463	16,340	224,697	298,800
Commercial	trading	135,054	128,344	122,280	143,816	341,976	55,440	72,691	999,601	983,038
Lottery		1,464	1,390	1,325	1,558	3,705	600	788	10,830	21,660
Inpatient Unit Day Services Community Therapies and		88,570 24,106 108,603 43,953	84,169 22,909 103,207 41,769	80,192 21,826 98,331 39,795	94,315 25,670 115,648 46,804	224,270 61,041 274,997 111,294	36,359 9,896 44,583 18,043	47,671 12,975 58,454 23,657	655,546 178,423 803,823 325,315	628,840 58,870 732,902 319,140
Wellbeing
		432,108	410,638	391,236	460,139	1,094,154	177,384	232,576	3,198,235	3,043,250

Charity
	Freehold	Lease	Equipment,
	land and	property	fixtures and	Motor
	buildings		fittings	Vehicles	Total
			K		F
Cost
At 1 April 2022	6,704,231	17,000	2,476,762	22,845	9,220,838
Additions	22,564		263,887		286,451
Acquisitions through	138,600		3,479	8,708	150,787
business combinations
Disposals
At 31 Nlarch 2023	6,865,395	17,000	2,744,128	31,553	9,658,076
Depreciation
At 1 April 2022	1,840,042	2,429	2,058,069	22,845	3,923,385
Charge for the year	167,733	2,429	143,454	4,354	317,970
Eliminated on disposal
At 31 March 2023	2,007,775	4,858	2,201,523	27,199	4,241,355
Net written down value
At 31 March 2023	4,857,620	12,142	542,605	4,354	5,416,721
At 31 March 2022	4,864,189	14,571	418,693		5,297,453
10.2 Intangible fixed assets
Group
			Goodwill	Software	Total
Cost
At 1 April 2022			36,000	169,926	205,926
Additions				11,933	11,933
Disposals				(46,109)	(46,109)
At 31 March 2023			36,000	135,750	171,750
Amortisation
At 1 April 2022			36,000	67,669	103,669
Charge for the year				26,807	26,807
Eliminated on disposal				(9,222)	(9,222)
At 31 March 2023			36,000	85,254	121,254
Net written down value
At 31 March 2023				50,496	50,496
At 31 March 2022				102,257	102,257

angible fixed assets (continued)
Charity
	Software
Cost
At 1 April 2022	169,926
Additions	11,933
Disposals	(46,109)
At 31 March 2023	135,750
Amortisation
At 1 April 2022	67,669
Charge for the year	26,807
Eliminated on disposal	(9,222)
At 31 March 2023	85,254
Net written down value
At 31 March 2023	50,496
At 31 March 2022	102,257

ed asset investments
										Group					Charity
							2023					2022	2023			2022
								6				E		fL		6
Investments in subsidiary undertakings													30,000			30,000
Long term investments						5,792,584					6,156,108		5,792,584			6,156,108
						5,792,584					6,156,108		5,822,584			6,186,108
The investment in subsidiaries	relates		to	the	whole	share			capital		of	Hospice Trading			(Ipswich) Limited
(company registration number 02354082) being 20,000 ordinary shares of f1 Agency Ltd (company registration number 8357715) being 10,000 ordinary													each, and St Elizabeth Care shares of Pt each. Hospice
Trading (Ipswich) Limited operates		as a trading			company,		the		main		business		of which	is	the sale of goods
purchased for resale. St Elizabeth Care			Agency		Ltd operates			as		a provider ofdomiciliary				care. The registered
office of both subsidiaries is the	same as the			parent company.
Long term investments
													Group and			charity
													2023			2022
													E
Market value
At 1 April 2022												6,156,085				5,537,339
Additions													4,735			505,560
Disposals
Realised gains Unrealised gains/(losses)													(369,571)			113,186
												5,791,249				6,156,085
Cash deposits Hospice Quality Partnership													1,325 10			13 10
At 31 March 2023												5,792,584				6,156,108
Market value can be anelysed as		follows:
UK listed equities and unit Cash deposits Hospice Quality Partnership	trusts											5,791,249 1,325 10				6,156,085 13 10
												5,792,584				6,156,108
The historical costoflong terminvestments				can be		analysed
as follows:
UK listed equities and unit Cash deposits Hospice Quality Partnership	trusts											3,190,942 1,325 10				3,186,208 13 10
Cost at 31 March 2023												3,192,277				3,186,231

ctivities of M	oments	cafes'.
			2023	2022
			6
Turnover			534,012	398,883
Cost ofsales			(454,397)	(308,312)
Gross profit			79,615	90,571
Administrative	expenses		(84,604)	(194,990)
Other income			5,001
Operating profit/(loss)			12	(104,419)
Tax on profit/(loss)			81,062	60,866
Profit/(loss)	after tax and profit for the year		81,074	(43,553)
Balance Sheet
			2023	2022
			6
Fixed assets			39,968	13,788
Current assets			208,440	146,898
Creditors: amounts		falling due within one year	(265,699)	(259,051)
Total net (liabilities)/assets			(17,291)	(98,365)
Share capital			20,000	20,000
Reserves			(37,291)	(118,365)
			(17,291)	(98,365)

roup and	Charity
			Group		Charity
			2023f	2022 f	2023 f	2022
Balance	at 1 April 2022		31,822		31,822
Provision	utilised in the year		(31,822)		(31,822)
Acquired	in a business combination		47,245		47,245
Business	combination utilised	in the year	(2,465)		(2,465)
Provision	made in the year		10,237	31,822	10,237	31,822
Balance	at 31 March 2023		55,017	31,822	55,017	31,822

Analysis offund balances current y	ear (Group)
		Fixed assets	Investments	Other net	Total
				assetsf
General fund (unrestricted)			2,592,584	2,001,540	4,594,124
Designated funds (unrestricted) Fixed assets fund		5,364,231			5,364,231
Building refurbishment fund Patient services projects fund Future deficit offset			3,200,000	2,050,000 2,570,000 3,575,000	5,250,000 2,570,000 3,575,000
Out of hospital project with ESNEFT Energy efficiency and carbon neutral Investment in retail estate	investments			644,734 575,000 500,000	644,734 575,000 500,000
Sustainability ofincome generation				75,000	75,000
Service continuity				2,135,000	2,135,000
		5,364,231	5,792,584	14,126,274	25,283,089
Restricted fund		142,954		670,533	813,487
		5,507,185	5,792,584	14,796,807	26,096,576

			Balance at	Income	Expenditure	Transfers	Investment	Balance at
			1 April				Gains	31 March
			2022f	f		F		2023
General fund (unrestricted)			2,994,304	14,771,077	(15,163,219)	2,361,533	(369,571)	4,594,124
Designated funds
(unrestricted)
Fixed assets fund			5,413,498			(49,267)		5,364,231
Building refurbishment Patient services fund	fund		3,500,000 2,420,000			1,750,000 150,000		5,250,000 2,570,000
Future deficit offset			1,700,000			1,875,000		3,575,000
Legacies deferral fund Major legacy in 2022			1,177,000 7,650,000			(1,177,ooo) (7,650,000)
Out of hospital project ESNEFT		with	690,000			(45,266)		644,734
Energy efficiency and neutral investment	carbon		500,000			75,000		575,000
Investment in retail estate						500,000		500,000
Sustainability ofincome generation Service continuity						75,000 2,135,000		75,000 2,135,000
Total unrestricted funds			26,044,802	14,771,077	(15,163,219)		(369,571)	25,283,089
Restricted funds
Great Yarmouth &Waveney				489,074	(10,236)			478,838
Great Yarmouth &Waveney Fixed assets fund				150,787	(7,833)			142,954
Various			165,781	922,438	(896,524)			191,695
			165,781	1,562,299	(914,593)			813,487
			26,210,583	16,333,376	(16,077,812)		(369,571)	26,096,576

					Fixed	assets	Investments	Investments		Other net	Total
								f		assets F
General fund (unrestricted)							2,956,108			38,196	2,994,304
Designated funds (unrestricted) Fixed assets fund					5,413,498						5,413,498
Building refurbishment	fund						3,200,000			300,000	3,500,000
Patient services projects Future deficit offset		fund								2,420,000 1,700,000	2,420,000 1,700,000
Legacies deferral fund										1,177,000	1,177,000
Major legacy received	in	2022								7,650,000	7,650,000
Out of hospital project	with ESNEFT									690,000	690,000
Energy efficiency and	carbon		neutral	investments						500,000	500,000
					5,413,498		6,156,108		14,475,196		26,044,802
Restricted fund										165,781	165,781
					5,413,498		6,156,108		14,640,977		26,210,583
			Balance at		Income	Expenditure		Transfers		Investment	Balance at
			I April							Gains	31 March
			2021 f		f	f			f	f	2022 f
General fund (unrestricted)			7,194,851		21,385,664	(11,646,388)		(14,053,009)		113,186	2,994,304
Designated funds
(unrestricted)
Fixed assets fund			5,870,605					(457,107)			5,413,498
Building refurbishment Patient services fund	fund		500,000 1,064,884					3,000,000 1,355,116			3,500,000 2,420,000
Retail lock down fund				550,000				(550,000)
Future deficit offset								1,700,000			1,700,000
Legacies deferral fund			1,012,000					165,000			1,177,000
Major legacy in 2022								7,650,000			7,650,000
Out of hospital project		with
ESNEFT								690,000			690,000
Energy efficiency		and
carbon neutral investment								500,000			500,000
Total unrestricted funds			16,192,340		21,385,664	(11,646,388)				113,186	26,044,802
Restricted funds
Hospice UK Various				252,645	1,677,421 177,630	(1,677,421 ) (264,494)					165,781
			16,444,985		23,240,715	(13,588,303)			-	113,186	26,210,583

Analysis offund balances c	urren	year (Charity)
			Fixed	assets	Investments Other net				Total
								assets
								6	8
General fund (unrestricted)						2,622,584 2,048,340			4,670,924
Designated funds (unrestricted) Fixed assets fund			5,324,263						5,324,263
Building refurbishment fund Patient services projects fund Future deficit offset						3,200,000 2,050,000 2,570,000 3,575,000			5,250,000 2,570,000 3,575,000
Out of hospital project with ESNEFT Energy efficiency &carbon neutral investment Investment in retail estate								644,734 575,000 500,000	644,734 575,000 500,000
Sustainability ofincome generation Service continuity							75,000 2,135,000		75,000 2,135,000
			5,324,263			5,822,584 14,203,074			25,319,921
Restricted fund			142,954					670,533	813,487
			5,467,217			5,822,584 14,843,607			26,133,408
		Balance at	Income	Expenditure			Transfers	Investment	Balance at
		1 April						Loss	31 March
		2022							2023
		8	F
General fund (unrestricted)		3,126,140	13,521,212	(13,994,570)			2,387,713	(369,571)	4,670,924
Designated funds (unrestricted) Fixed assets fund		5,399,710					(75,447)		5,324,263
Building refurbishment fund Patient services fund		3,500,000 2,420,000					1,750,000 150,000		5,25D,ODD 2,570,000
Future deficit offset fund		1,700,000					1,875,000		3,575,000
Legacies deferral fund Major legacy in 2022 Out of hospital project with ESNEFT		1,177,000 7,650,000 690,000					(1,177,000) (7,650,000) (45,266)		644,734
Energy efficiency & carbon investment	neutral	500,000					75,000		575,000
Investment in retail estate							500,000		500,DDD
Sustainability of income generation Service continuity							75,000 2,135,000		75,000 2,135,000
Total unrestricted funds		26,162,850	13,521,212	(13,994,570)				(369,571)	25,319,921
Restricted funds
Great Yarmouth &Waveney			489,074		(10,236)				478,838
Great Yarmouth &Waveney assets fund Various	Fixed	165,781	150,787 922,438		(7,833) (896,524)				142,954 191,695
Total Restricted funds		165,781	1,562,299		(914,593)				813,487
		26,328,631	15,083,511	(14,909,163)				(369,571)	26,133,4D8

nalysis offund balanc	es pri	or y	ear (Charity)
				Fixed	assets	Investments		Other net	Total
								assetsf
General fund (unrestricted)						2,986,108		140,032	3,126,140
Designated funds (unrestricted) Fixed assets fund				5,399,710					5,399,710
Building refurbishment	fund					3,200,000		300,000	3,500,000
Patient services projects fund Future deficit offset							2,420,000 1,700,000		2,420,000 1,700,000
Legacies deferral fund							1,177,000		1,177,000
Major legacy in 2022 Out of hospital project with ESNEFT Energy efficiency &carbon neutral investment							7,650,000 690,000 500,000		7,650,000 690,000 500,000
				5,399,710		6,186,108 14,577,032			26,162,850
Restricted fund								165,781	165,781
				5,399,710		6,186,108 14,742,813			26,328,631
			Balance at	Income	Expenditure		Transfers	Investment	Balance at
			1 April					Gains	31 March
			2021 F	f					2022 f
General fund (unrestricted)			7,247,130	20,613,135	(10,808,090)		(14,039,221)	113,186	3,126,140
Designated funds (unrestricted) Fixed assets fund			5,870,605				(470,895)		5,399,710
Building refurbishment	fund		500,000				3,000,000		3,500,000
Patient services fund			1,064,884				1,355,116		2,420,000
Retail lock down fund			550,000				(550,000)
Future deficit offset fund							1,700,000		1,700,000
Legacies deferral fund			1,012,000				165,000		1,177,000
Major legacy in 2022 Out of hospital project	with ESNEFT						7,650,000 690,000		7,650,000 690,000
Energy efficiency & investment	carbon	neutral					500,000		500,000
Total unrestricted funds			16,244,619	20,613,135	(10,808,090)			113,186	26,162,850
Restricted funds
Hospice UK Various			252,645	1,677,421 177,630	(1,677,421) (264,494)				165,781
Total Restricted funds			252,645	1,855,051	(1,941,915)				165,781
			16,497,264	22,468,186	(12,750,005)			113,186	26,328,631

Group and	Charit	y
			Land 6			Land 8
		Equipment	buildings		Equipment	buildings
Operating	lease	2023 F	2023f	2023 f	2022 F	2022 F	2022 Z
obligations:
Within one	year	22,023	486,117	508,140	7,425	449,642	457,067
In one to two		26,798	409,595	436,393	7,425	298,418	305,843
years In two to five		1,182	728,130	729,312	11,351	562,570	573,921
years Over five years			29,410	29,410	88	69,125	69,213
		50,003	1,653,252	1,703,255	26,289	1,379,755	1,406,044

					Land and	Land and
					Buildings	Buildings
					2023	2022
						(restated)
Operating lease
obligations:
Within one year In one to two years					15,750 15,750	15,750 15,750
In two to five years					47,250	47,250
Over five years					2,625	18,375
					81,375	97,125
Related party transactions
					2023	2022f
Income from related parties:
Income from costs recharged		to subsidiary		undertakings	78,351	184,346
Gift aid from subsidiaries						67,941
Donations from Trustees					3,354	269
Costs from related parties						93,750
Balance due from subsidiary		undertakings		at 31 March	277,241	253,197
Balance due to subsidiary	undertakings		at	31 March		8,475

The following table sets ou	t the fair value ofthe identifia	ble assets and liabilities t	ransferred.
	Initial Book Value	Fair value adjustment	Initial Book Value
Fixed assets	2,197,472	(2,046,685)	150,787
Stock	2,287		2,287
Cash	528,448		528,448
Current assets	17,674		17,674
Current liabilities	(12,090)		(12,090)
Provision for liabilities		(47,245)	(47,245)