2022-03-31-accounts - Francis House Family Trust

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CONTENTS				PAGES
Members ofthe Board	and professional	advisers
Trustees Annual Report				2 to 16
Independent Auditor's	Report to the Members			17to 19
Consolidated Statement ofFinancial Activities (Incorporating			the
income and expenditure	account)			20
Consolidated Statement	ofFinancial Position			21
Consolidated Cash Flow Statement				22
Notes to the Financial	Statements			23 to34

Registered	Charity Name	Charity Name	Francis House Family	Francis House Family	Trust
Charity Number			328659
Company	Registration	Number	02519173
Registered	Ofiice		390Pmrswood	Road
			Didsbury
			Manchester
			M20 5NA
Trustees			Christopher Roberts (Chair)
			Martin Lochery
			Dr Susan Kirk
			Dr Susan O' Halloran
			Judith Amosi-Khodadad
			Charles Ledigo
			Vijay Srivastava
			Dr Andrew Taylor
			Jane Kempler
			Aysha Rangrez
			Dr Edward Gasiorowski
			Rev Joseph Camey
Secretary			Rev David Ireland
Auditor			Champion Accountants		LLP
			Chartered Accountants		&Statutory Auditor
			I Worsley Court
			High Street
			Worsley
			Manchester
			M28 3NJ
Bankers			Yorkshire Bank The Chancery		The Co-operative P0Box250	Bank
			Spring Gardens		Skelmersdale
			Manchester		WNS 6WT
			M2 IYB
Solicitors			Pearson Solicitors &Financial Advisors Ltd
			Hollinwood Business Centre
			Albert Street
			Oldham
			OL8 3QL
Investment	Advisors		Redmayne Bentley
			3Hardman Square
			Spinningfields
			Manchester
			M3 3EB

Reserve note
Deficit budget	fund		f. 8,000,000
Specific capital	expenditure	fund	f 2,000,000
Refurbishment	fund		f 5,000,000
Free reserves			8 8197244
Total unrestricted designated		funds	f23,157,244
Unrestricted tangible fixed assets			8 7179947
Total reserves

			Unrestricted		Total Funds	Total Funds
			Funds	Restricted Funds	2022	2021
		Note	g		f	t
Income and endowments
Donations and legacies			2,037,269	231,631	2,268,900	2,616,286
Other trading activities			1,332,998		1,332,998	1,296,966
Investment income			584,721		584,721	532,916
Total income			3,954,988	231,631	4,186,619	4,446,168
Expenditure
Expenditure on raising funds:
Costs ofraising donations	and
legacies		7	(344,272)		(344,272)	(364,797)
Costs ofother trading activities		7	(47,677)		(47,677)	(46,470)
Expenditure on charitable
activities		7	(4,560,937)	(161,831)	(4,722,768)	(4,578,769)
Total resources expeaded			(4,952,886)	(161,831)	(5,114,717)	(4,990,036)
Net gains / (losses) on investments		9	654,508		654,508	7,063,871
Net income / (deficit)			(343,390)	69,800	(273,590)	6,520,003
Net movement in funds			(343,390)	69,800	(273,590)	6,520,003
Reconciliation offunds
Total funds brought forward			30,580,781	30,000	30,610,781	24,090,778
Transfer offunds			34,900	(34,900)
Total funds carried forward			30,272,291	64,900	30,337,191	30,610,781

				Group	Group	Charity	Charity
				2022	2021	2022	2021
			Note				f
Axed Assets
Tangible assets			14	7,179,947	7,003,183	7,170,041	6,996,919
Investments			15	22,675,009	22,979,302	22,675,009	22,979,302
				29,854,956	29,982,485	29,845,050	29,976,221
Current Assets
Debtors			16	412,018	374,003	406,146	517,051
Cash at bank	and in hand			384,670	525,842	367,072	365,798
				796,688	899,845	773,218	882,849
Creditors: Amounts		falling due within one year	17	(314,453)	(271,549)	(281,814)	(248,385)
Net Current	Assets			482,235	628,296	491,404	634,464
Total Assets	Less Current Liabilities			30,337,	30,610,	30,336,4'	30,610,61
Net Assets				30,337,	30,610,	30,336,4!	30,610,61
Funds ofthe	Charity
Restricted funds Unrestricted funds				64,900 30,272,	30,000 30,580,	30,271,5'	30,580,61
Total charity	funds		21	30,337,	30,610,	30,336,4'	30,610,61

Francis House Family Trust Company Limited by Guarantee Consolidated Statement ofCash Flows Year Ended 31March 2022
	Group	Group	Charity	Charity
	2022	2021	2022	2021
	tt		f
Cash Flows from Operating Activities
Net income / (deficit)	(273,590)	6,520,003	(274,231)	6,519,952
Depreciation	430,433	401,122	423,024	396,801
Net (gains) / losses on disposal ofinvestments	(200,026)	(1,153,850)	(200,026)	(1,153,850)
Fair value (gains) / losses on investments	(454,482)	(5,910,021)	(454,482)	(5,910,021)
Income from investments	(584,721)	(532,916)	(584,721)	(532,916)
Net (gain) / loss on sale oftangible assets	45,974	663	45,974	663
Changes in:
Trade and other debtors	(38,014)	21,748	110,905	(32,783)
Trade and other creditors	42,903	(47,550)	33,429	(42,555)
Net cash used in operating activities	(1,031,523)	(700,801)	(900,128)	(754,709)
Cash Flows from Investing Activities
Dividends, interest and rents from investments	584,721	532,916	584,721	532,916
Purchase oftangible assets	(661,596)	(1,050,825)	(650,545)	(1,043,032)
Purchase ofother investments	(2,873,085)	(3,292,789)	(2,873,085)	(3,292,789)
Proceeds from sale oftangible assets	8,425		8,425
Proceeds from sale ofother investments	2,964,760	4,630,413	2,964,760	4,630,413
Net cash outflow /(inflow) from other liquid investments	867,126	(110,982)	867,126	(110,982)
Net cash &om investing activities	890,351	708,733	901,402	716,526
Net increase / (decrease) in cash and cash equivalents	(141,172)	7,932	1,274	(38,183)
Cash in hand and at bank at the beginning ofthe year	525,842	517,910	365,798	403,981
Cash in hand and at bank at the end ofthe year	384,670	525,842	367,072	365,798

				Unrestricted	Restricted	Total Funds	Total Funds
				Funds	Funds	2022	2021
				f	f	f	f
Donations
Donations				361,156	105,400	466,556	467,465
Legacies
Legacies				925,634		925,634	632,399
Grants
Clinical Commissioning		Group Grants		129,575		129,575	157,770
NHS England Hospice		Grant		613,401		613,401	579,900
NHSE Covid-19 grant		to provide bed			126,231	126,231	611,107
capacity &community		support
Coronavirus	Job Retention		Scheme	7,503		7,503	167,645
				2,037,269	231,631	2,268,900	2,616,286

			Unrestricted	Total Funds	Total Funds
			Funds	2022	2021
			f	f	f
Millennium	fund		2,089	2,089	2, 171
Fundraising	events		515,286	515,286	507,711
Income from	residential	services	737,923	737,923	716,888
Shop income			2,132	2,132	7,392
Christmas cards			20,144	20,144	19,911
Easter chick	appeal		33,446	33,446	27,852
Promotional	goods		1,814	1,814	654
Festival oftrees			20,164	20,164	14,387
			1,332,998	1,332,998	1,296,966

				Unrestricted	Total Funds	Total Funds
				Funds	2022	2021
				f	f	f
Income	from	listed	investments	584,517	584,517	524,427
Income	from	cash	investments	204	204	8,489
				584,721	584,721	532,916

7. COSTS OFEXPENDITUR	E ON CHARITAB	LE ACTIVI	TIES
				TotalFunds	Total Funds
	Fundraising	Shop	Fraacis House	2022	2021
Staffcosts	216,325	25,164	2,775,440	3,016,929	2,991,388
Depreciation			430,433	430,433	401,122
Rent		5,052	123,690	128,742	129,158
Rates &water		419	36,533	36,952	37,102
Light and heat			56,730	56,730	50,858
Repairs &maintenance		3,081	46,822	49,903	35,630
Insurance		414	63,699	64,113	78,444
Motor vehicle expenses	1,172		12,365	13,537	17,026
Travel and accommodation			11,084	11,084	10,144
Consultancy			182350	182350	190250
Telephone			25,622	25,622	24,943
Housekeeping			163,108	163,108	154,626
Stafftraining			3,622	3,622	14
Events	97,867			97,867	78,189
Printing, postage and stationery	28,908			28,908	36,529
Christmas cards		13,547		13,547	12,144
Loss on disposal offixed asset			45,974	45,974	663
	344,272	47,677	3,977,372	4,369,321	4,248,230
Share ofsupport costs (see note 8)			472354	472,254	480,946
Share ofgovernance costs (see note 8)			273,142	273,142	260,860
	344,272	47,677	4,722,768	5,114,717	4,990,036

			Support	Governance	TotalFunds	Total Funds
			Costs	Costs	2022	2021
				f	8
Staffcosts			3		337,675	388,994
Premises					79,714	56,394
Communications		and IT		32,343	32,343	30,418
General office			31,967	16,123	48,090	33,201
Printing, postage		and stationety	22,898		22,898	18,846
Auditors fees				18,600	18,600	18,600
Legal and	professional			80,496	80,496	55,455
Bank charges				6,168	6,168	5,564
Exchange	(gains)	and losses				22,215
Investment	advice			119,412	119,412	112,119
			472254	273,142	745,396	741,806

				Unrestricted	Total Funds	Total Funds
				Funds	2022	2021
				f
Unrealised	Gains/(losses)	on listed investments		454,482	454,482	5,910,021
Gains/(losses) on disposal		ofinvestment	assets	200,026	200,026	1,153,850
				654,508	654,508	7,063,871
NET INCOME
Net income	is stated atter	charging/(credifing):
					2022	2021
Depreciation	oftangible fixed assets				430,433	401,122
Foreign exchange differences						22,215
					430,433	423,337

The	fees charged by the auditor can be fu	rther analysed under the following hea	dings for services ren	dered:
			2022	2021
				f
Fees	payable for the audit ofthe financial	statements	18,600	18,600
Fees	payable to the trust's auditor and its	associates for other services:
Fees	for accounting services		15,000	16,479
Fees	for payroll services		1,470	1,290
Fees	for IT services		6,000	5,400
			22,470	23,169

Tot	al staff costs were as follows:
		2022	2021
Wages	and salaries	2,853,211	2,865,468
Social	security costs	274,973	276,263
Other	pension costs	226,420	238,651
		3,354,604	3,380,382

Particulars	ofemployees:	ofemployees:	ofemployees:
The average	number		of employees	during	the year, calculated	on the basis of full-time	equivalents,	was as
follows:
						2022		2021
							No	No
Number ofnursing		and care staff					77	79
Number offund-raising			staff				6	6
Number ofoffic		and	administration	staff			18	18
							101	103

The number ofemployees	bands, were:
	2022	2021
	No	No
f60,000 toBi9,999 f70,000to679,999	2 1	1 1
	3	2

Group
	Improvements	Freehold land	Fixtures &
	to buildings f	&buildings f	fittings	Motor vehicles	Total f
Cost
At 1 April 2021	7,683,114	1,825,847	2,003,204	219,082	11,731,247
Additions	5,407	563,939	92,250		661,596
Disposals	(68,703)		(638,969)	(30,885)	(738,557)
At 31March 2022	7,619,818	2,389,786	1,456,485	188,197	11,654,286
Depreciation
At 1 April 2021	2,989,833	170,626	1,355,527	212,078	4,728,064
Charge for the year	258,784	67,641	102,328	1,680	430,433
Elimination on disposals	(46,886)		(607,109)	(30,163)	(684,158)
At 31March 2022	3,201,731	238,267	850,746	183,595	4,474,339
Net Book Value
At31March 2022	4,418,087	2,151,519	605,739	4,602	7,179,947
At 31March 2021	4,693,281	1,655,221	647,677	7,004	7,003,183

Trust
	Improvements	Freehold land	Fixtures &
	to buildings	&buildings f	fittings f	Motor	vehicles f	Total
Cost
At 1 April 2021	7,683,114	1,825,847	1,983,930		219,082	11,711,973
Additions	5,407	563,939	81,199			650,545
Disposals	(68,703)		(638,969)		(30,885)	(738,557)
At 31March 2022	7,619,818	2,389,786	1,426,160		188,197	11,623,961
Depreciation
At 1 April 2021	2,989,833	170,626	1,342,517		212,078	4,715,054
Charge for the year	258,784	67,641	94,919		1,680	423,024
Elimination on disposals	(46,886)		(607,109)		(30,163)	(684,158)
At31March 2022	3,201,731	238,267	830,327		183,595	4,453,920
Net BookValue
At31March 2022	4,418,087	2,151,519	595,833		4,602	7,170,041
At 31March 2021	4,693,281	1,655,221	641,413		7,004	6,996,919

Movement	in market value
			Cash or cash	Listed
			equivalents	investments	Total
Cost or valuation				g
At 1 April	2021		1,018,010	21,961,292	22,979,302
Additions				2,873,085	2,873,085
Disposals				(2,764,734)	(2,764,734)
Net gains	/ (losses) on revaluations	in the year		454,482	454,482
Movement	on cash held in the year		(867,126)		(867,126)
At 31March 2022			150,884	22,524,125	22,675,009
Impairment
At 1 April	2021 and 31 March 2022
Carrying	amount
At31March 2022			150,884	22,524,125	22,675,009
At 31 March 2021			1,018,010	21,961,292	22,979,302
All investments shown above are held at valuation.
Financial	assets held at fair value

		Group	Group	Charity	Charity
		2022	2021	2022	2021
Amounts	owed by group undertakings			26,480	159,217
Other debtors		49,129	141,756	49,129	141,757
Prepayments		362,889	232,247	330,537	216,077
		412,018	374,003	406,146	517,051

	Group	Group	Charity	Charity
	2022	2021	2022	2021
	f	f	f
Trade creditors	156,248	104,077	151,955	101,704
Taxation and social security	74,428	67,159	57,969	53,218
Other creditors	34,865	21,535	29,552	19,936
Accruals	48,912	78,778	42,338	73,527
	314,453	271,549	281,814	248,385

The total future minimum lease payments under non-can	cellable operating leases are as fol	lows:
	2022	2021
	f	f
Not later than I year	116,164	116,164
Later than I year and not later than 5 years	464,656	464,656
Later than 5years	580,820	696,984
	1,161,640	1,277,804

Restricted funds	Restricted funds
					Balance at					Balance at
					IApr 2021	Net Income f			Transfers f	31Mar 2022
Donated equipment		Fund			30,000		69,800		(34,900)	64,900
ions received	for restricted		purposes		are accounted for within		restricted	reserves. Once funds		are expensed for
ecific purpose	ofthe	donation,		the funds are transferred to		unrestricted reserves
Unrestricted	funds
					Balance at		Incoming			Balance at
					IApr 2021		resources f		Transfers f	31Mar 2022 E
General Funds					30,580,781		(343,390)		34,900	30,272,291

								Unrestricted	Unrestricted	Restricted	Total funds
									funds	funds	2022
										E
	Tangible fixed assets								7,179,947		7,179,947
	Investments							22,675,009			22,675,009
	Current Assets								731,788	64,900	796,688
	Creditors less than 1year								(314,453)		(314,453)
	Total Funds							30,272,291		64,900	30,337,191
22.	FINANCIAL INSTRUMENTS
The	carrying amount for each category			offinancial		instrument		is as follows:
										2022	2021
										f
	Financial assets that	are debt instruments				measured		at amortised	cost
	Financial assets that are debt instruments				measured		at amortised cost			10,000	102,441
	Financial instruments	measured at fair			value through			profit and	loss
	Financial instruments	measured		at fair value		through	profit and loss			22,524,125	21,961,292
	Financial liabilities measured		at amortised			cost
	Financial liabilities measured		at	amortised	cost					(109,293)	(88,694)