2021-03-31-accounts

					Page
Reference and administrative details			ofthe Charity,	its Trustees and advisers
Trustees' report
Independent	auditors'	report on the	financial statements		21 - 24
Consolidated	statement	offinancial	activities		25-26
Consolidated	statement	offinancial	position		27
Charity balance sheet					28
Consolidated	statement	ofcash flows			29
Notes to the	financial statements				30-55

Trustees			GH Bush
			RG Pringle,	Chairman			(resigned 6April 2021)
			BH Sweeney
			M Bryant
			CM Durston
			PG Serjeant
			SJJackson
			JWinslade
			BATurner
			CL McGregor
			G Allen
			J Cortizo
			HM Enright,	Interim		Chair from 7 April 2021
			JT Hawkins
Company	registered
number			02164215
Charity registered
number			297798
Registered		office	Dryden Road
			Exeter
			Devon
			EX25JJ
Company	secretary		AC Randall	FCCA
Chief executive officer			AC Randall	FCCA
Independent		auditors	Bishop Fleming		LLP
			Chartered Accountants
			2nd Floor Stratus House
			Emperor Way
			Exeter Business		Park
			Exeter
			EX13QS
Bankers			National Westminster				Bank Pic
			59 High Street
			Exeter
			EX4 3DL
Website			www. hospiscare.		co.uk

et assets com	prise:
		2020-21	2019-20
		F'000	'Z'000
Fixed assets
Tangible fixed Investments	assets	4,784 6,130	4,970 5,181
		10,914	10,151
Current assets
Stocks		13	18
Debtors		1,043	915
Cash		1,633	1,582
		2,689	2,516
Less: creditors	& provisions
Creditors		742	607
Provisions		171	137
		913	744
Net assets		12,690	11,923

Risk	Title										Summary ofcontrol
											Adherence to CQC	regulation and statutory obligations.
Insufficient		quality		ofcare							Systematic quality review and Audit. In-house monitoring by QAIC and PES. Robust systems and processes for clinical and
											care work
											The risk of holding	some training sessions physically was
											weighed against the	risk of training not being undertaken
The	impact		of	pandemic		on	Learning			and	and knowledge and	skills becoming outdated. Alternative
Development			Compliance								methods of supplying	the training were investigated and put
											in place where appropriate and where it could be
											undertaken with some measure of a successful outcome.
The Charity ensure the ofcare			not having continuation		of	enough services		money to and levels			The annual budget forecast of expected monitoring of actual longer term forecasts	process provides a detailed 12 month financial performance and allows the results against the forecast. Outline are also maintained and reviewed.

Risk Title						Summary ofcontrol
						Demonstrating effective corporate	governance contributes
Care falls below required		CQC	standards		and	to the mitigation of this risk. This	is overseen by the CECi
does not meet	Hospiscare's		ambition		of	and company secretary. A board review in March/April 2021
excellence						will contribute to this effective	with recommendations
						being made.
Potential Breach guidelines/regulatory	of legislation compliance				and	Appropriate policies and procedures put into place and updated as and when required so all staff and volunteers are aware oftheir obligations to uphold required legislation
Reduction/cessation of fundraising due to Covid-19 restrictions.				activities		Changes to Covid-19 restrictions, impact on our fundraising teams'	local or national, may ability to run and hold
						events, causing a reduction in our income.
inability to recruit	and	retain	appropriately			Collaborative working between HR	and clinical leaders on
skilled staff at the	levels	required		to deliver		Clinical Careers Days, and future	initiatives planned for
Hospiscare Services						targeted recruitment campaigns.

in an effe	ctive man	ner t	he group	should maintain	, as a minimum, funds amo	unting to:
						f'000
Workin	ca ital re	uirements				500
Shortfalls	in fundraisin		income	c6 months		1,000
Shortfalls	in le ac	income c6		months		850
Shortfalls	in retail	rofits	c12months			250
Falls in the value ofthe			unrestricted investment		ortfolios	400
						3,000

				Endowment	Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds	funds
				2021	2021	2021	2021	2020
			Note
INCOME AND
ENDOWMENTS
FROM:
Donations and
legacies:
Transfer in
Hospiscare Exmouth
8 Lympstone								2,782,307
Other donations	and
legacies					462,317	2,583,684	3,046,001	3,505,424
Charitable activities					75,000	2,086,327	2,161,327	2,567,305
Other trading activities						1,536,471	1,536,471	3,419,889
Investments					64,014	75,559	139„573	96,433
Other income						2,398,732	2,398,732	289,431
TOTAL INCOME	AND
ENDOWMENTS					601,331	8,680,773	9,282,104	12,660,789
EXPENDITURE ON:
Raising funds						3,016,972	3,016,972	3,908,733
Charitable activities					1,307,121	5,123,245	6,430,366	6,695,754
TOTAL
EXPENDITURE					1,307„121	8,140,217	9,447,338	10,604,487
NET
(EXPENDITURE)/IN
COME BEFORE		NET
GAINS/(LOSSES)
ON INVESTMENTS					(705,790)	540,556	(165,234)	2,056,302
Net gains/(losses)		on
investments					347,288	585,116	932,404	(640,075)
NET
(EXPENDITURE)/IN
COME					(358„502)	1,125,672	767,170	1,416,227
Transfers between
funds			20		245,574	(245,574)
NET MOVEMENT FUNDS		IN			(112,928)	880,098	767,170	1,416,227

			Endowment	Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds	funds
			2021	2021	2021	2021	2020
			F
RECONCILIATION		OF
FUNDS:
Total funds brought forward			20,000	2,785,554	9,117,410	11,922,964	10,506,737
Net movement	in funds			(112,928)	880,098	767,170	1,416,227
TOTAL FUNDS
CARRIED FORWARD			20,000	2,672,626	9,997,508	12,690,134	11,922,964

				2021		2020
		Note				E
FIXEDASSETS
Tangible assets		14		4,784,336		4,969,744
Investments		16		5,759,645		4,897,008
Investment property		15		370,000		283,838
				10,913,981		10,150,590
CURRENT ASSETS
Stocks			12,786		18,474
Debtors		17	1,043,230		915,251
Cash at bank and in hand			1,632,908		1,581,885
			2,688,924		2,515,610
Creditors: amounts	falling due within one
year		18	(742,056)		(606,791)
NET CURRENT ASSETS				1,946,868		1,908,819
TOTAL ASSETSLESSCURRENT
LIABILITIES				12,860,849		12,059,409
Provisions for liabilities				(170,715)		(136,445)
TOTAL NET ASSETS				12,690,134		11,922,964
CHARITY FUNDS
Endowment funds		20		20,000		20,000
Restricted funds		20		2,672,626		2,785,554
Unrestricted funds		20		9,997,508		9,117,410
TOTAL FUNDS				12,690,134		11,922,964

			Note		2021f		2020
FIXEDASSETS
Tangible assets			14		4,681,391		4,832,848
investments			16		5,869,647		5,007,010
Investment property			15		370,000		283,838
					10,921,038		10,123,696
CURRENT ASSETS
Stocks						574
Debtors			17	1,142,525		990,991
Cash at bank and	in	hand		1,305,423		1,175,231
				2„447,948		2,166,796
Creditors: amounts		falling due within one
year			18	(675,064)		(491,865)
NET CURRENT ASSETS					1,772,884		1,674,931
TOTAL ASSETS LESSCURRENT
LIABILITIES					12,693,922		11,798,627
TOTAL NET ASSETS					12,693,922		11,798,627
CHARITY FUNDS
Endowment funds			20		20,000		20,000
Restricted funds			20		2,586,464		2,785,554
Unrestricted funds			20		10,087,458		8,993,073
TOTAL FUNDS					12,693,922		11,798,627

			2021	2020
				F
CASH FLOWS FROM OPERATING	ACTIVITIES
Net cash used in operating activities			4,0'I 4	(737,363)
CASH FLOWS FROM INVESTING	ACTIVITIES
Dividends, interests and rents from	investments		139,573	96,433
Purchase of tangible fixed assets			(73,748)	(200,851)
Loss on sale oftangible fixed assets			8,015
Proceeds from sale of investments			163,460	1,542,349
Purchase of investments			(190,291)	(1,405,161)
NET CASH PROVIDED BYINVESTING ACTIVITIES			47,009	32,770
CASH FLOWS FROM FINANCING	ACTIVITIES
Cash on transfer of donated assets				473,558
NET CASH PROVIDED BYFINANCING ACTIVITIES				473,558
CHANGE IN CASH AND CASH EQUIVALENTS		IN THE YEAR	51,023	(231,035)
Cash and cash equivalents at the beginning ofthe year			1,581,885	1,812,920
CASH AND CASH EQUIVALENTS	AT THE END	OF THE YEAR	1,632,908	1,581,885
The notes on pages 30to 55form part ofthese financial statements

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2021	2021f	2021	2020 E
	Transfer ofassets				2,782,307
	Donations and fundraising	23,692	1,046,854	1,070,546	1,311,445
	Legacies	115,793	1,177,970	1,293,763	1,414,836
	Grants	322,832	194,638	517,470	666,674
	Gift Aid		164,222	164,222	112,469
	TOTAL 2021	462,317	2,583,684	3,046,00'I	6,287,731
	TOTAL 2020	3,220,085	3,067,646	6,287,731
5.	INCOME FROM CHARITABLE ACTIVITIES
		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2021	2021	2021	2020
	Education		118,701	118,701	141,627
	NEW Devon CCG		1,197,960	1,197,960	1,191,293
	Health System Led Investment	75,000		75,000	6,667
	Coastal Towns Homecare Services		747,056	747,056	1,127,718
	Primary Care Grant				100,000
	Continuing Health Care Funding		22,610	22,610
	TOTAL 2021	75,000	2,086,327	2,161,327	2,567,305
	TOTAL 2020	106,667	2,460,638	2,567,305

	Unrestricted	Total	Total
	funds	funds	funds
	2021	2021	2020
		F
Hospiscare Shops	936,497	936,497	2,757,015
Lottery	599,974	599,974	662,874
	1,536,471	1,536,471	3,419,889
TOTAL2020	3,419,889	3,419,889

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2021	2021f	2021	2020
Rental	income	14,644		14,644	4,542
Income	on investments	49,370	74,495	123,865	89,303
Income	on cash deposits		1,064	1,064	2,588
		64,014	75,559	139,573	96,433
TOTAL	2020	30,463	65,970	96,433

					Unrestricted	Total	Total
					funds	funds	funds
					2021f	2021	2020 F
Government grants	and insurance		claims receivable	relating
to COVID-19					2,355,964	2,355,964	240,000
Catering income					7,800	7,800	19,098
Renewable energy	income				30,045	30,045	22,749
Property insurance	income				4,923	4,923	7,584
					2,398,732	2,398„732	289,431
TOTAL 2020					289,431	289,431
EXPENDITURE ON RAISING FUNDS
Costs of raising voluntary		income

		Unrestricted	Total	Total
		funds	funds	funds
		2021f	2021	2020
Income from donations	and legacies - direct costs	180,029	180,029	189,990
Income from donations	and legacies - direct costs - wages
and salaries		369,892	369,892	374,419
Income from donations	and legacies - direct costs - Nl	31,199	31,199	32,011
Income from donations	and legacies - direct costs - pension
costs		23,849	23,849	25,239
Support costs - fundraising		250,705	250,705	244,711
TOTAL 2021		855,674	855,674	866,370
TOTAL 2020		866,370	866,370

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021f	2020
Hospiscare Shops expenditure		848,598	848,598	1,230,251
Lottery expenditure		126,814	126,814	282,987
Staff costs		1,143,006	1,143,006	1,484,682
Hospiscare Shops depreciation		42,695	42,695	44,443
Administration	expenses	185	185
TOTAL 2021		2,161,298	2,161,298	3,042,363
TOTAL 2020		3,042,363	3,042,363

			Activities
			undertaken	Support	Total	Total
			directly	costs	funds	funds
			2021 f.	2021f	2021	2020
In Patient	Unit		2,325,278	890,432	3,215,710	3,264,628
Community	Nursing	Services	2,086,862	838,504	2,925,366	2,949,346
Day Care	Services		105,003	95,095	200,098	304,600
Education			44,672	44,520	89,192	177,180
			4,561,815	1,868,551	6,430,366	6,695,754
TOTAL20	20		4,845,593	1,850,161	6,695,754

			Community
		In Patient	Nursing	Day Care		Total	Total
		Unit	Service	Services	Education	funds	funds
		2021	2021	2021	2021f	2021	2020 E
Staff costs		2,066,810	1,899,859	27,269	21,527	4,015,465	3,985,530
Medical Supplies		43,674	1,505	393		45,572	38,229
Bank Staff		88,120	75,087	12,366	667	176,240	276,574
Travel Expenses		1,854	42,970		407	45,231	98,883
Other Direct
Costs		101,584	66,156	39,971	6,272	213,983	359,816
Administration	8
Overheads		23,236	1,285	25,004	15,799	65,324	86,561
		2,325,278	2,086,862	105,003	44,672	4,561,815	4,845,593
TOTAL 2020		2,374,090	2,126,638	211,304	133,561	4,845,593
Analysis ofsupport		costs

			Community
		In Patient	Nursing	Day Care		Total	Total
		Unit	Service	Services	Education	funds	funds
		2021	2021f	2021	2021	2021f	2020 E
Staff costs		532,195	501,193	56,836	26,573	1,116,797	988,813
Depreciation		86,890	81,829	9,280	4,399	182,398	195,381
Administration	8
Overheads		254,852	240,007	27,217	12,725	534,801	620,181
Catering		8,800	8,228	940	439	18,407	35,171
Governance		7,695	7,247	822	384	16,148	10,615
		890,432	838,504	95,095	44,520	1,868,551	1,850,161
TOTAL 2020		890,538	822,708	93,296	43,619	1,850,161

						2021	2020
							E
Fees payable to the Charity's accounts	auditor	for the audit ofthe Charity's			annual	8,000	7,075
Fees payable to the Charity's	auditor	in respect	of:
The audit ofthe annual account ofthe charity's			subsidiary	undertakings		5,400	4,575

	Group	Group	Charity	Charity
	2021	2020	2021	2020
	F	f.		P
Wages and salaries	5,836,245	5,988,246	4,871,231	4,721,451
Social security costs	516,475	534,430	462,103	458,004
Pension costs	497,329	500,688	447,186	440,111
	6,850,049	7,023,364	5,780,520	5,619,566

			Group	Group	Charity	Charity
			2021	2020	2021	2020
			No.	No.	No.	No.
Doctors			10	7	10	7
Nurses			76	91	76	91
Health care assistants			22	26	22	26
Care managers			8	1	8	1
Chaplain				1		1
Volunteer co-ordinators			1	2	1	2
Fundraising	staff		24	19	24	19
Administration			21	34	21	34
Trading			70	82
Lottery			4	3	4	3
Complementary		therapies	2	3	2	3
Catering/cleaning			17	13	17	13
Education			5	4	5	4
			260	286	190	204

	Group	Group	Charity	Charity
	2021	2020	2021	2020
	No.	No.	No.	No.
Employees	181	205	130	140

Group	Group
2021	2020
No.	No.

		Long-term	Short-term			Fixtures
	Freehold	leasehold	leasehold	Plant and	Motor	and
	property E	property	property	machinery f	vehicles f	fittings	Total
COST OR
VALUATION
At 1 April 2020	2,294,976	3,828,760		295,752	31,050	1,121,011	7,571,549
Additions			9,725	15,200	-	48,823	73,748
Disposals						(11,450)	(11,450)
At 31 March 2021	2,294,976	3,828,760	9,725	310,952	31,050	i,158,384	7,633,847
DEPRECIATION
At 1 April 2020	260,473	1,403,356		239,038	19,397	679,541	2,601,805
Charge for the year	38,627	61,010		21,940	3,210	126,354	251,141
On disposals						(3,435)	(3,435)
At 31 March 2021	299,100	1,464,366		260,978	22,607	802,460	2,849,511
NET BOOK
VALUE
At 31 March 2021	1,995,876	2,364,394	9,725	49,974	8,443	355,924	4,784,336
At 31 March 2020	2,034,503	2,425,404		56,714	11,653	441,470	4,969,744

		Long-term			Fixtures
	Freehold	leasehold	Plant and	Motor	and
	property f	property f	machinery f	vehicles	fittings f.	Total
COST OR VALUATION
At 1 April 2020	2,294,976	3,796,040	295,752	31,050	832,203	7,250,021
Additions			15,200		41,789	56,989
At 31 March 2021	2,294,976	3,796,040	310,952	31,050	873,992	7,307,010
DEPRECIATION
At 1 April 2020	260,473	1,371,768	239,038	19,397	526,497	2,417,173
Charge for the year	38,627	59,838	21,940	3,210	84,831	208,446
At 31 March 2021	299,100	1„431,606	260,978	22,607	611,328	2,625,619
NET BOOK VALUE
At 31 March 2021	1,995,876	2,364,434	49,974	8,443	262,664	4,681,391
At 31 March 2020	2,034,503	2,424,272	56,714	11,653	305,706	4,832,848

		Freehold
		investment
		property
		F
VALUATION
At 1 April 2020		283,838
Surplus	on revaluation	86,162
At 31 March 2021		370,000
Charity

	Freehold
	investment
	property
VALUATION
At 1 April 2020	283,838
Surplus on revaluation	86,162
At 31 March 2021	370,000
VALUATION

			Listed
			investments
Group
COST OR VALUATION
At 1 April 2020			4,897,008
Additions			190,291
Disposals			(163,460)
Revaluations			835,806
AT 31 MARCH 2021			5,759,645
NET BOOK VALUE
AT 31 MARCH 2021			5,759,645
AT 31 MARCH 2020			4,897,008
	Investments
	in
	subsidiary	Listed
	companies	investments	Total
Charity			E
COST OR VALUATION
At 1 April 2020	110,002	4,897,008	5,007,010
Additions		190,291	190,291
Disposals		(163,460)	(163,460)
Revaluations		835,806	835,806
AT 31 MARCH 2021	110,002	5,759,645	5,869,647
NET BOOK VALUE
AT 31 MARCH 2021	110,002	5,759,645	5,869,647
AT 31 MARCH 2020	110,002	4,897,008	5,007,010

PRINCIPAL	SUBSIDIARIES	SUBSIDIARIES
The following	were subsidiary		undertakings		ofthe Charity:
Names						Company	Included	in	Holding
						number	consolidation
Hospiscare Hospiscare	(Shops) Exmouth	Limited 8 Lympstone				02201730 02927336	Yes Yes		100% 100%
The financial	results	ofthe subsidiary		for the	year were:
Name					Incomef	Expenditure	Profit/(Loss) / Surplus/		Net assets
							(Deficit) for
							the yearf
Hospiscare	(Shops)	Limited			1,888,739	(2,016,864)	(128,125)		106,214

		Group	Group	Charity	Charity
		2021	2020	2021	2020
			E
DUE WITHIN	ONE YEAR
Trade debtors		237,492	76,119	245,909	96,208
Amounts owed by group undertakings				445,324	423,029
Other debtors		363,235	106,099	47,197	7,893
Prepayments	and accrued income	442,503	733,033	404,095	463,861
		1,043,230	915,251	1,142,525	990,991

							Group	Group	Charity	Charity
							2021	2020f	2021f	2020f
Trade creditors							368,975	199,393	341,647	134,103
Other taxation		and		social security			122,115	130,938	111,406	113,503
Other creditors							91,734	98,602	62,779	66,401
Accruals	and deferred				income		159,232	177,858	159,232	177,858
							742,056	606,791	675,064	491,865
							Group	Group	Charity	Charity
							2021f	2020f	2021	2020f
Deferred	income
Deferred	income at			1 April 2020			32,269		32,269
Resources deferred				during the year				92,217		92,217
Amounts	released		from previous			periods	(21,210)	(59,948)	(21,210)	(59,948)
							11,059	32,269	11,059	32,269

	Dilapidationsf
At 1 April 2020	136,445
Additions	34,270
	170,715

													Balance at
		Balance at 1								Transfers	Gains/		31 March
		April 2020			Income F		Expenditure		f	in/out	(Losses) f		2021
UNRESTRICTED
FUNDS
DESIGNATED
FUNDS
Capital		4,573,062						(393,664)		208,256			4,387,654
Stability 8 capital	working									3,000,000			3,000,000
Property			533,500							(533,500)
Legacy reserve			500,000							(500,000)
COVID-19	reserve	1,500,000								300,000			1,800,000
		7,106,562						(393,664)		2,474,756			9,187,654
GENERAL	FUNDS
General reserves			2,010,848	8,680,773			(7,746,553)			(2,720,330)	585,116		809,854
TOTAL
UNRESTRICTED
FUNDS			9,117,410	8,680,773			(8,140,217)			(245,574)	585,116		9,997,508
ENDOWMENT
FUNDS
Endowment	Funds		20,000										20,000
On 1 April	2009, under		an arrangement		agreed		with	the Charity		Commission,	the activities,		assets and
liabilities of a separate			charity	were	merged		with	Hospiscare.		620,000 represents		the	permanent
endowment	capital.	Income arising		therefore		is unrestricted.
RESTRICTED
FUNDS
Medical Research
fund			60,346		7,251			(4,105)					63,492
Dementia	Project				20,000			(20,000)
Primary Care
Grant - Palliative
& End of	Life
Care					75,000			(75,000)
Healthy Aging
Project					58,700			(58,700)

STATEMENT OF	FUNDS - CURRE	NT YEAR (	co	ntinued)
							Balance at
	Balance at 1				Transfers	Gains/	31 March
	April 2020	Income	Expendituref		in/out	(Losses)	2021
Early referral
research fund	47,940						47,940
Hospiscare
Exmouth and
Lympstone	2,447,537	117,878		(641,428)		347,288	2,271,275
Legacies	229,016	79,370		(308,386)
Other restricted
funds	715			(715)
LGBT+Project		24,055		(2,620)			21,435
Fundraising - Pine
Lodge		8,814		(8,814)
Fundraising-
Searle House		17,880		(17,880)
Fundraising-
Kings House		18,603		(18,603)
Fundraising-
Other		153,680		(150,870)			2,810
Hospicare @
Home		20,100			245,574		265,674
	2,785,554	601,331		(1,307,121)	245,574	347,288	2,672,626
TOTAL OF FUNDS 11,922,964		9,282,104		(9,447,338)		932,404	12,690,134

						Balance at	Balance at
	Balance at			Transfers		Gains/	31 March
1	April 2019	Income	Expenditure		in/out	(Losses)	2020
		E
Designated property
fund	533,500						533,500
Hospiscare@Home	650,000				(650,000)
Legacy reserve	500,000						500,000
COVID-19 reserve					1,500,000		1,500,000
	6,321,326			(265,615)	1,050,851		7,106,562
GENERAL FUNDS
General reserves	3,736,294	9,303,574		(9,591,591)	(1,050,851)	(386,578)	2,010,848
TOTAL
UNRESTRICTED
FUNDS	10,057,620	9,303,574		(9,857,206)		(386,578)	9,117,410
ENDOWMENT
FUNDS
Endowment Funds	20,000						20,000
RESTRICTED
FUNDS
Health System Led
Investment	123,000			(123,000)
Medical Research
fund	58,177	13,047		(10,878)			60,346
The Patrick and
Marylla Tozer Fund	200,000			(200,000)
Early referral
research fund	47,940						47,940
Other restricted
funds		92,841		(92,126)				715
Hospiscare Exmouth
& Lympstone		2,852,261		(151,227)		(253,497)	2,447,537
Primary care grant		100,000		(100,000)
Dementia project		46,050		(46,050)
IPU beds appeal		24,000		(24,000)
Legacies		229,016					229,016

									Balance at	Balance at
				Balance at				Transfers	Gains/	31 March
			1	April 2019	Income	Expenditure		in/out	(Losses)	2020
								F
				429,117	3,357,215		(747,281)		(253,497)	2,785,554
TOTAL	OF	FUNDS		10,506,737	12,660,789		(10,604,487)		(640,075)	11,922,964

ANALYSIS OF NET A	SSETS BETWEEN	FUNDS -CURRENT	YEAR
		Endowment	Restricted	Unrestricted	Total
		funds	funds	funds	funds
		2021f	2021 f	2021	2021 F
Tangible fixed assets			396,682	4,387,654	4,784,336
Fixed asset investments			1,636,074	4,123,571	5,759,645
Investment property			370,000		370,000
Current assets		20,000	269,870	2,399,054	2,688,924
Creditors due within one year				(742,056)	(742,056)
Provisions for liabilities	and charges			(170,715)	(170,715)
TOTAL		20,000	2,672,626	9,997,508	12,690,134

			Endowment	Restricted	Unrestricted	Total
			funds	funds	funds	funds
			2020	2020	2020	2020
			E
Tangible fixed assets				396,682	4,573,062	4,969,744
Fixed asset investments				1,374,948	3,522,060	4,897,0QB
Investment	property			283,838		283,838
Current assets			20,000	735,686	1,759,924	2,515,610
Creditors due within one year				(5,600)	(601,191)	(606,791)
Provisions	for liabilities	and charges			(136,445)	(136,445)
TOTAL			20,000	2,785,554	9,117,410	11,922,964

				Group	Group
				2021f	2020 F
	Net income for the year (as		per Statement of Financial Activities)	767,170	1,416,22.
	ADJUSTMENTS FOR:
	Depreciation charges			251,141	265,615
	Gains/(losses) on investments			(921,968)	684,167
	Dividends, interests and rents from investments			(139,573)	(96,433)
	Decrease in stocks			5,688	876
	Increase in debtors			(126,322)	(184,571)
	Increase/(decrease)	in creditors		167,878	(40,937)
	Transfer in ofdonated assets				(2,782,307)
	NET CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES			4,014	(737,363)
23.	ANALYSIS OF CASH AND		CASH EQUIVALENTS
				Group	Group
				2021	2020
	Cash in hand			1,632,908	1,581,885
	TOTAL CASH AND	CASH	EQUIVALENTS	1,632,908	1,581,885
24.	ANALYSIS OF CHANGES		IN NET DEBT
			At 1 April		At 31 March
			2020	Cash flows	2021
				E	F
	Cash at bank and in	hand	1,581,885
			1,581,885	51,023	1,632,908