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2021-03-31-accounts

Page
Reference and Administrative
Details
Report ofthe Board ofTrustees
(incorporating		 the Strategic Report)
Independent Auditor's
Report
Consolidated Statement
of Financial		 Activities 15
Group and Charity
Balance Sheet		 16
Consolidated Statement ofCash Flows 17
Notes to the Financial Statements 18

Registered Registered name The Katharine
House		 Hospice Trust Hospice Trust
Status The organisation
is a		 Charitable
Company
limited
by guarantee,		 incorporated on 20
May 1987and registered as a Charity
on 26 June 1987.
The Katharine
House		 Hospice Trust is a Company
limited
by guarantee,		 having no
share capital,
with
all		 Trustees
being members
ofthe Company.		 The liability of the
members
is limited to		 E1 in the event ofthe winding
up ofthe Company.
Governing document The Company
was established
under Memorandum
and Articles		 ofAssociation which
established
the objects		 and powers of the Charitable
Company.
Company number 02133391
Charity number 297099
Registered office Aynho Road, Adderbury, Banbury OX173NL
Trustees Dr Jonathan
Williams		 (chair to 18 March 2021, resigned
18March 2021)
Ms Dorothy
Bean		 (resigned 18 March 2021)
Ms Lindsey Bowser
Ms Geraldine
Burke
Mr David Drummond (resigned
18 March 2021)
Sir Tim Jenner (chair from 18March 2021)
Mr Richard Jones
Dr Christina
Lloyd
Ms Carol Shaw (resigned
12June 2021)
Mr Anthony
Summersgill		 (resigned
18 March 2021)
Ms Catherine
Teideman		 (appointed 18March 2021)
Ms Vicki Reay (appointed
18March 2021)
Ms Holly Splers (appointed
18March 2021)
Mr Robert Cooke (appointed
18 March 2021)
Senior Leadership Team Angharad
Orchard		 Chief Executive (to 10" May)
Dr Charlie Bond Medical Director and Consultant
in Palliative
Medicine
(transferred
to Oxford		 University
Hospitals
NHS Trust 31 March 2021)
Michele Booth Director of Patient and Family Care
(transferred
to Oxford		 University
Hospitals
NHS Trust 31 March 2021)
Justine
Williams		 Director of Fundraising
and Communications
(to 18August 2021)
Chris Keeping Head of Finance (from 18 March 2021 —9 September 2021)
Karen Welsh Head of Marketing
and Communication		 (from 1 Sep 2021)
Scott Bloomfield Head of Retail (from 18 March 2021)
Trevor Johnson Chief Executive (from 10'" May 2021)
Jeremy Childerstone Head of Finance
(from 23 August 2021)
Stephanie
Lawless		 Head of Fundraising
(from 15November		 2021)

Principal Bankers Bankers Yorkshire Bank Yorkshire Bank
7 Gold Street
Northampton
NN1 1EN
HSBC
17Market Place
Banbury
OX16 5ED
Investment Managers Investec Investment Wealth I imited
30Gresham Street
London
EC2V 7QN
Quilter Cheviot
Two Snowhill
Birmingham
B46GA
Solicitors Anthony
Collins Solicitors
134 Edmund Street
Birmingham
B32ES
Auditors Critchleys
Audit LLP
Beaver House
23-38 Hythe Bridge Street
Oxford
OX1 2EP

2021 2020
Unrestricted Restricted Total Unrestricted Restricted Total
As restated As restated
Note E f 8 E 8
Income from:
Donations
and legacies		 2 971,095 28,385 999,480 1,113,852 183,971 1,297,823
Charitable
activities		 3 2,388,702 584,071 2,972,773 1,312,527 70,797 1,383,324
Other trading
activities		 4a 777,727 777,727 1,349,501 1,349,501
Investments 5 81,328 81,328 110,572 110,572
Other 4b 88,951 88,951
Total income 4,307,803 612,456 4,920 259 3,886,452 254,768 4,141,220
Expenditure
on:
Raising funds 6 (1,030,011) (1,030,011) (1,274,817) (8,175) (1,282,992)
Charitable
activities		 6&7 3,460,755 141,461 3,602 216 3,085,265 141,857 3,227, 122
Total expenditure 6 4,490,766 141,461 4,832,227 4,360,082 150,032 4,510,114
Net income/
(expenditure)
before revaluation 182,963 470,995 288,032 473,630 104,736 368,894
Net gain/(loss)
on		 investments 427,890 427,890 (296,655) (296,655)
Loss on transfer ofassets to
OUH 78,369 38,632 117,001
Net income
/ (expenditure)
for the year 166,558 432,363 598,921 770,285 104,736 665,549
Transfers
between		 funds
Net movement
offunds		 for
the year 166,558 432,363 598,921 770,285 104,736 665,549
Reconciliation
of		 funds:
Balances brought forward
at 31 March 5,223,275 193,512 5,416,787 5,993,560 88,776 6,082,336
Balances carried
forward 31 March 18a&b 5,389,833 625,875 6,015,708 5,223,275 193,512 5,416,787
The Group The Company
2021 2020 2021 2020
As restated As restated
Note 6 6
Fixed assets:
Intangible
assets		 11 4,501 6,033 4,501 6,033
Tangible assets 12 1,685,988 1,894,873 1,685,988 1,894,873
Investments 13 3,247,803 2,760,592 3,247,804 2,760,593
4,938,292 4,661,498 4,938,293 4,661,499
Current assets:
Debtors 15 1,030,601 742,747 1,032,109 744,255
Cash at bank and in hand 526,650 790,165 525,141 788,656
1,557,251 1,532,912 1,557,250 1,532,911
Liabilities:
Creditors: amounts falling
due within one year 16 (479,835) (777,623) (479,835) (777,623)
Net current assets 1,077,416 755,289 1,077,415 755,288
Total net assets 18 6,015,708 5,416,787 6,015,708 5,416,787
Funds:
Restricted
income		 funds 19 625,875 193,512 625,875 193,512
Unrestricted
funds		 5,389,833 5,223,275 5,389,833 5,223,275
Total funds 18 6,015,708 5,416,787 6,015,708 5,416,787
Consolidated
Statement		 of Cash Flo ws
Note 2021 2020
f f
Cash flows from operating activities
Net income
/ (expenditure)
for		 the reporting
period (as per the Statement of Financial
Activities) 288,032 (368,894)
Amortisation
of intangible
assets		 8 1,532 2,813
Depreciation
offixed assets		 8 113,521 122,023
Dividends,
interest,
and rent		 from
investments (81,328) (110,572)
(Profit)/loss
on the disposal		 of fixed assets 117,085
(Profit)/loss
on the disposal		 of fixed assets to
OLI H (117,001)
(Increase)/decrease
in debtors		 (287,854) (182,358)
Increase/(decrease)
in creditors		 ~399,900 260,298
Net cash (used in) operating activities (263,801) (276,690)
Cash flows from investing activities:
Interest received 5 26,070 36,272
Dividends
received		 5 55,258 74,300
Purchase of intangible
fixed		 assets
Proceeds from sale oftangible fixed assets 3,166
Purchase oftangible
fixed assets		 (24,887) (46,519)
Proceeds from sale of investments 1,723,075 815,230
Purchase
of investments		 ~580,979 ~303,010
Net cash provided
by / (used in) investing
activities		 1,201,703 575,664
Change
in cash and cash
the year		 equivalents in 937,902 298,974
Cash and cash equivalents
ofthe year		 at the beginning 1,508,151 1,209,177
Cash and cash equivalents
the year		 at the end of 2,446,053 1,508,151
Cash and cash equivalents are held as follows:
Cash at bank and
in hand		 526,650 790,165
Cash held
in investments		 13 1,919,403 717,986
Cash and cash equivalents
ofthe year		 at the end 2,446,053 1,508,151

ITequipm ent
should
 be depreciated over 3years. The depreciati
Freehold land nil
Freehold buildings 2%
Leasehold property period ofthe lease
Motor vehicles,
medical, office &
catering &computer equipment 10%,20% and 33 1/3%
Assets under construction nil

ompany
for both
a. Income from		 years.
other		 trading
activities
2021 2020
Unrestricted Total Unrestricted Total
F. 8 F F
Charity shop income
Lottery
Retail grant
Furlough
grant
Other fundraising
income
Other generated
income		 245,763
194,964
80,960
112,596
142,191
1,253
777,727		 245,763
194,964
80,960
112,596
142,191
1,253
777,727		 777,101
197,566
120,000
3,426
242,503
8,905
1,349,501		 777,101
197,566
120,000
3,426
242,503
8,905
1,349,501

otes to t
b. Other		 he Financial S
Income		 tatements
2021 2020
Unrestricted Restricted Total Unrestricted Restricted Total
9. E f E E
Insurance claims 88,951 88,951

2021 2020
Unrestricted Restricted Total Unrestncted Restricted Total
As restated As restated
9 E
Dividends —Equities 55,258 55,258 74,300 74,300
Interest - Fixed Interest
Securities
Interest —Deposits		 26,070
81,328		 28,070
81,328		 34,874
1 398
110,572		 34,874
1,398
110,572

otes to the Financial St
.Total expenditure		 atem ents
---Raising Funds---------
0
0
'e
a
oo~
ro
&L'		 tv
0		 e
o		 Ch
o zs
c
rv
u. o'		 ce
E
u)
C		 e
E
8
C		 2021
Total		 2020
Total
Costs directly allocated
to Charitable
activities		 E F E E.
Staff costs Direct 230,323 285,014 2,389,372 2,904,709 2,779,293
Rent 8 other shop costs
Merchandise
costs		 Direct
Direct		 133,519
2,255		 133,519
2,255		 217,025
5155
Staff training,
recruitment
welfare		 & Direct 19,633 19,633 25,936
Staff and patient travel
Waste removal
Lottery prizes &costs
Other fundraising
costs
Irrecoverable
VAT —in year		 Direct
Direct
Direct
Direct
Direct		 1,145
5,905		 88,578 63,488 3,721
15,282		 4,866
21,187
88,578
63,488		 28,439
24,852
87,399
95,474
10,840
(Recoverable)1 Irrecoverable
VAT prior years
Investment
manager costs		 Direct
Direct		 (26,362) 15,216 (26,362)
15,216		 36,476
16,272
Repairs to clinical
equipment
Patient welfare		 Direct
Direct		 18,765
6,513		 18,765
6,513		 20,774
6,061
Medical consumables Direct 122,511 122,511 115,590
Other costs Direct 9,754 9,754 22,107
Depreciation Direct 2,962
376,109		 1,374
89,952		 4,159
326,299		 15,216 56,739
2,642,290		 65,234
3,449,866		 72,453
3,564,146
Support costs allocated
to other activities
Catering costs
Housekeeping
costs
Administration
staff costs		 Floor
Floor
w.t.e		 98,818 9,320
44,917		 141,575
123,819
305,437		 141,575
133,139
449,172		 146,074
104,803
411,343
Admin
& office expenses
Admin
&office expenses		 Head
w.t.e		 1,961
28,014		 981
12,734		 6,866
86,800		 9,808
127,548		 13,765
52,189
Utilities, services
8
insurance		 Floor 949 6,644 87,327 94,920 77,312
Repairs and maintenance
Governance		 Floor
Floor		 935
996		 6,543
6,974		 85,995
91,652		 93,473
99,622		 31,756
48,963
Irrecoverable
VAT —in year
Recoverable
VAT pnor years
Depreciation
Total expenditure
2021		 Floor
Floor
Floor		 (166)
498
508,114		 89,952 (1170)
3487
416,729		 15,216 (15,380)
45,835
3,602,216		 (16,716)
49,820
4,632,227		 7,380
52,383
4,510,114
Total expenditure
2020		 645,022 117,547 504,151 16,272 3,227,122 4,510,114 4,510,114
Represented
by:
Unrestricted Restricted 2021 Total Unrestricted Restricted
2020		 Total
E E E E E. E
Raising funds
Charitable
activities		 1,030,011
3,460,755		 141,461 1,030,011
3,602,216		 1,274,817
8,175
1,282, 992
3,085,265
141,857
3,227, 122
4,490,766 141,461 4,632,227 4,360,082
150,032
4,510,114
23

c
o 0
iv
lit
74 o		 74o. m 0
ro &o
Z s
cx 60Z		 Ta eI
Z -r		 tD
2
ro		 O
ar v
e I3
2021 Total 2020Total
6 6
Costs directly allocated
to Charitable Activities:
Climcal Staff Costs Direct 1,165,993 422,693 65,862 33,046 6,103 116,433 1,810,130 1,613,266
Clinical Staff Costs Usage 376,697 61,357 114,117 1,979 1,979 16,586 6,527 579,242 535,537
Staff training,
8welfare		 recruitment Direct 13,155 785 3,338 196 196 785 1,178 19,633 25,936
Staff and patient travel Direct 169 3,441 111 3,721 22,986
Waste removal Direct 15,282 15,282 6,156
Repairs to clinical
equipment		 Direct 18,765 18,765 20,774
Patient welfare Direct 3,400 2,869 143 51 6,513 6,061
Medical consumables Direct 118,450 4,061 122,511 115,590
Other Charitable
Actiwties
costs Direct 2,926 2,926 2,926 244 244 244 9,754 22,107
Irrecoverable
years		 VAT pnor Direct 28,451
Depreciation Direct 33,054 21,266 2,419 56,739 61,509
1,747,722 89,372 549,077 68,289 39,534 23,752 124,544 2,642,290 2,458,373
Support costs allocated:
Catering costs Head 94,855 5,663 24,068 1,416 1,416 5,663 8,494 141,575 146,074
Housekeeping costs Floor 74,292 18,573 12,382 2,476 2,476 13,620 123,819 97,467
Administration staff costs Head 204,643 12,218 51,924 3,054 3,054 12,218 18,326 305,437 279,713
Administration and office
expenses Head 4,599 275 1,167 69 69 275 412 6,866 9,635
Admmistration and office
expenses w.t.e 46,969 5,195 20,781 1,732 1,732 2,598 7,793 86,800 35,488
Utilities, services, and
insurance Floor 52,395 13,099 8,733 1,747 1,747 9,606 87,327 71,127
Repairs and maintenance Floor 51,597 12,899 8,600 1,720 1,720 9,459 85,995 29,212
Governance Floor 54,991 13,748 9,165 1,833 1,833 10,082 91,652 45,046
Irrecoverable VAT —in year Floor 6,790
Recoverable VAT prior
years Floor (9,227) (2,308) (1,538) (308) (308) (1,691) (15,380)
Depreciation Floor 27,500 6,875 4,584 917 917 5,042 45,835 48,197
Total expenditure 2021 2,350 336 175,609 688 943 74,560 54,190 52,891 205,687 3,602,216 3,227,122
Totalexpenditure 2020 2,008,066 178,693 667,747 74,146 53,380 61,761 183,329 3,227,122

This is stated after char gin g
/		 (cr editing):
2021f 2020
6
Depreciation offixed assets 113,521 122,023
Amortisation ofintangible assets 1,532 2,813
(Profit)
/ loss		 on disposal offixed assets 117,085
Operating
lease rentals:
Property 84,748 110,236
Auditor's
remuneration		 (excluding VAT):
Audit 8,000 7,500
Other 10,556
.Staff costs and numbers
taff costs were as follows:
2021 2020
6 6
Salaries and wages 2,903,456 2,853,478
Redundancy and termination costs 16,443
Social security costs 255,578 246,006
Pension costs 327,575 322,539
3,486,609 3,438,466

2021 2020 2021 2020
FTE FTE No. No.
Charitable activities 45 43 75 70
Support activities 18 20 28 37
Raising funds 21 24 36 34
84 87 139 141

1.Fixed assets —Intangible
(Group & C		 harity)
Computer
software Total
6 6
Cost
At 1 April 2020 31,743 31,743
Additions
in year
Transfer to OUH (24,082) (24,082)
Disposals
in year
At 31 March 2021 7,661 7,661
Amortisation
At 1 April 2020 25,710 25,710
Charge for the year 1,532 1,532
Transfer to OUH (24,082) (24,082)
Eliminated
on disposal
At 31 March 2021 3,160 3,160
Net book value
At 31 March 2021 4,501 4,501
At 1 April 2020 6,033 6,033
All ofthe above assets are used for Charitable purposes.

Freehold
land and Leasehold Fixtures Motor
buildings improvement and fittings vehicles Total
6 F F F
Cost
At 1 April 2020 2,831,171 61,098 792,545 37,067 3,721,881
Additions
in year		 15,889 8,998 24,887
Transfer to OUH
Disposals
in year
At 31 March 2021		 2,831,171 61,098 (707,180)
~i37,022
64,232		 ~i3,250
42,815		 (707,180)
~40272),
2,999,316
Depreciation
At 1 April 2020
Charge for the year		 1,113,962
56,236		 54,037
2,800		 626,008
49,557		 33,001
4,928		 1,827,008
113,521
Transfer to OUH
Eliminated
on disposal		 (590,179)
~37,022		 (590,179)
~37,022
At 31 March 2021 1,170,198 56,837 48,364 37,929 1,313,328
Net book value:
At 31 March 2021 1,660,973 4,261 15,868 4,886 1,685,988
At 1 April 2020 1,717,209 7,061 166,537 4,066 1,894,873

Listed equities
Fixed at market Charity
Interest value Group total Unlisted total
8 6 6 6
Fair value at 1 April 2020 570,525 1,472,081 2,042,606 2,042,607
Additions 339,319 241,660 580,979 580,979
Disposals (351,419) (1,163,622) (1,515,041) (1,515,041)
Revaluation during
the year		 (38,425) 258,281 219,856 219,856
Fair value at 31 March 2021 520,000 808,400 1,328,400 1 1,328,401
Cash held in investments 1,919,403 1,919,403
Net book value at 31 March 2021 3,247,803 3,247,804
Fair value at 31 March 2020 570,525 1,472,081 2,042,606 1 2,042,607
Cash held in investments 717,986 717,986
Net book value at 31 March 2020 2,760,592 2,760,593

Banbury,
Oxfo		 rd, OX17 3NL. The com pany
is non trading.
The aggregate ofthe assets, liabilities and reserves was: 2021
6		 2020
Assets
Liabilities		 23,506
~23,5O5		 23,506
~23,505
Reserves

5.Debtors
The Group The Charity
2021
6		 2020
6		 2021f 2020f
Trade debtors 550,549 357,589 550,549 357,589
Other debtors 16,147 16,827 16,147 16,827
Prepayments &accrued income 335,968 318,079 335,968 318,079
VAT recoverable 127,937 50,252 127,937 50,252
Amount
owed		 by group undertaking 1,508 1,508
1,030,601 742,747 1,032,109 744,255

6.Creditors: Amounts
falling due		 within one year
The Group
2021f		 2020 The Charity
2021f		 2020f
Trade creditors
Taxation and social security
Other creditors
Accruals
Deferred
income (note 17)		 68,191
61,857
42,856
196,215
110,716
479,835		 138,302
58,919
66,028
80,154
434,220
777,623		 68,191
61,857
42,856
196,215
110,716
479,835		 138,302
58,919
66,028
80,154
434,220
777,623

The Group
2021
f		 2020
F.		 The Charity
2021
f		 2020
F
Balance
Amount
Amount
Balance		 at the beginning
of the year
released to income
in the year
deferred
in the year
at the end of the year		 434,220
(372,337)
48,833
110,716		 195,742
(195,542)
434,020
434,220		 434,220
(372,337)
48,833
110,716		 195,742
(195,742)
434,220
434,220

General Restricted
unrestricted funds Total funds
F F
Intangible
assets
Tangible assets
Investments
Net current assets
Net assets at 31 March 2021		 4,501
1,685,988
3,247,803
451,541
5,389,833		 625,875
625,875		 4,501
1,685,988
3,247,803
1,077,416
6,015,708

General Restricted
unrestrictedf fundsf Total fundsf
Intangible
assets
Tangible assets
Investments
Net current assets
Net assets at 31 March 2020		 6,033
1,848,794
2,760,592
607,856
5,223,275		 46,079
147,433
193,512		 6,033
1,894,873
2,760,592
755,289
5,416,787

9(a) Movemen t on funds —curren t yea r
As at 1 Expenditure Transfers As at 31
April 2020
6		 Income
E		 & Lossesf and Gains
F		 March 2021
6
Restricted funds:
Hospice Staffing 50,437 10,150 (46,576) 14,011
Patient Welfare 287 1,000 (1,287)
Chapel 1,152 (530) 622
Equipment 59,443 13,495 (19,237) (38,632) 15,069
Projects 75,000 (16,321) 58,679
Grounds
and Gardens		 7,193 3,740 (8,439) 2,494
Intangible
Funding		 49,071 (49,071)
OUH Capital 535,000 535,000
Total restricted funds 193,512 612,456 (141,461) (38,632) 625,875
Unrestricted
funds:
General funds 5,223,275 4,307,804 (4,490,767) 349,521 5,389,833
Total funds 5,416,787 4,920,2611 ~4032 228 310,889 6,015,708
9(b) Movement on funds —prior year
As at 1 Expenditure Transfers As at 31
April 2019 Income &losses and Gains March 2020
E E E 5 6
Restricted funds:
Hospice Staffing 25,568 86,756 (61,887) 50,437
Patient Welfare 404 (117) 287
Chapel 1,827 (675) 1,152
Equipment 53,784 13,860 (8,201) 59,443
Projects 83,175 (8,175) 75,000
Grounds
and Gardens
Intangible
Funding		 7,193 180
70,797		 (180)
~70,797		 7,193
Total restricted funds 88,776 254,768 (150,032) 193,512
Unrestricted
funds:
General funds 5,993,560 3,977,641 (4,360,082) (387,844) 5,223,275
Total funds 6002,336 4232409 ~4, 510,114 ~387,844 5416707

he G roup's
total future
minimum
lease payments
un		 der non-cancellable
operating
leases was as follow		 s:
Property
2021 2020
8
Less
One
Over		 than one year
to five years
five years		 88,333
194,748
52,833		 94,436
234,992
91,064
335,912 420,492

2021 2020
5 F
Gross income 4,920,259 4,141,220
Result for the year 598,921 (665,549)

Katharine House Hospice Aynho Road, Adderbury, Banbury OX17 3NL Reg. Charity No 297099 www.khh.org.uk