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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|
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|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||||
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|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||||
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||||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|
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|||||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|
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|||||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|
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|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|
##
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|||||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|
##
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|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|whose remuneration|for the year fell within the following|bands, were:||
|---|---|---|---|---|
||||2022|2021|
||||No|No|
|f60,000 toBi9,999
f70,000to679,999|||2
1|1
1|
||||3|2|
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|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|
##
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|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|
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||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|
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|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|
##
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|||||||||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)|