2023-03-31-accounts - Francis House Family Trust

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CONTENTS	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	Statement	ofCash Flows			22
Notes to the	Financial Statements				23to 34

Registered	Charity	Name	Francis House	Family	Trust
Charity Number			328659
Company	Registration	Number	02519173
Registered	Office		390Parrswood	Road
			Didsbury
			Manchester
			M20 5NA
Trustees			Christopher Robers (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 Gastorowskt
			Rev Joseph Camey
			Eamonn O'Neal
Secretary			Rev'd 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 P0	Co-operative Box250	Bank
			Spring Gardens				Skelmersdale
			Manchester				WN8 6WT
			M2 IYB
Solicitors			Pearson Solicitors &Financial			Advisors		Ltd
			Hollinwood Business Centre
			Albert Street
			Oldham
			OL8 3QL
investment	Advisors		Redmayne Bentley
			3 Hardman Square
			Spinningfields
			Manchester
			M3 3EB

We have	purchased new adjustable over bed tables.
Research carried out by Manchester University has shown order to implement this we have—		a need for us	to develop Psychotherapy	and emotional		support —in
i)	Converted former storerooms and offic to pmvide areception		and two soundpmof consulting rooms.
ii)	Given specialist bespoke training to our bereavement support team and the Shining			Stars team	(ivho care for
bereaved	brothers and sisters).
iii)	Established anew group 'Shooting Stars" which	holds reunion	groups for older bereaved	siblings.
iv)	We are recruiting a qualified clinical supervisor	who specialises	in working with teenagers	and young	adults.
We have residential	finally been able to bring into service the two facilities).	new adapted	minibuses. (The older minibus will be			used by the

Reserve note
Deficit budget	fund		8 8,000,000
Refurbishment	fund		5,000,000
Free reserves			K 6493 829
Total unrestricted designated		funds	819,493,829
Unrestricted tangible fixed assets			~87735 248
Total reserves

			Unrestricted		Total Funds	Total Funds
			Funds	Restricted Funds	2023	2022
		Note			8	f.
Income and endowments
Donations and legacies			3,251,459	28,440	3,279,899	2,268,900
()ther trading activities			1,468,869		1,468,869	1,332,998
Investment income			572,738		572,738	584,721
Total income			5,293,066	28,440	5,321,506	4,186,619
Expenditure
Expenditure on raising funds:
Costs ofraising donations	and
legacies		7	(423,378)		(423,378)	(344,272)
Costs ofother trading activities		7	(70,338)		(70,338)	(47,677)
Expenditure on charitable
activities		7	(5,499,683)	(21,900)	(5,521,583)	(4,722,768)
Total resources expended			(5,993,399)	(21,900)	(6,015,299)	(5,114,717)
Net gains / (losses) on investments		9	(2,414,321)		(2,414,321)	654,508
Net income / (deficit)			(3,114,654)	6,540	(3,108,114)	(273,590)
Net movement in funds			(3,114,654)	6,540	(3,108,114)	(273,590)
Reconciliation offunds
Total funds brought forward			30,272@91	64,900	30,337,191	30,610,781
Transfer offunds			64,900	(64,900)
Total funds carried forward			27,222,537	6,540	27,229,077	30,337,191

				Group	Group	Charity	Charity
			Note	2023	2022	2023	2022f
Fixed Assets
Tangible assets			14	7,735,248	7,179,947	7,726,438	7,170,041
Investments			15	18,679,516	22,675,009	18,679,516	22,675,009
				26,414,764	29,854,956	26,405,954	29,845,050
Current Assets
Debtors			16	319,178	412,018	299,086	406,146
Cash at bank	and in hand			795,774	384,670	786,923	367,072
				1,114,952	796,688	1,086,009	773,218
Creditors: Amounts		falling due within one year	17	(300,639)	(314,453)	(263,866)	(281,814)
Net Current	Assets			814,313	482,235	822,143	491,404
Total Assets	Less Current Liabilities			27,229,077	30,337,191	27,228,097	30,336,454
Net Assets				27,229,077	30,337,191	27,228,097	30,336,454
Funds ofthe	Charity
Restricted funds				6,540	64,900	6,540	64,900
Unrestricted	funds			27,222,537	30,272,291	27,221,557	30,271,554
Total charity	funds		21	27,229,077	30,337,191	27,228,097	30,336,454

	Group	Group	Charity	Charity
	2023	2022f	2023	2022 f
Cash Flows from Operating Activities
Net income/(deficit)	(3,108,114)	(273,590)	(3,108,357)	(274,231)
Depreciation Net (gains) / losses on disposal ofinvestments Fair value (gains) / losses on investments	471,044 429,079 1,985,242	430,433 (200,026) (454,482)	461,305 429,079 1,985,242	423,024 (200,026) (454,482)
Income from investments Net (gain) / loss on sale oftangible assets	(572,738) 22,370	(584,721) 45,974	(572,738) 22,370	(584,721) 45,974
Changesin:
Trade and other debtors	92,840	(38,014)	107,060	110,905
Trade and other creditom	(13,814)	42,903	(17,948)	33,429
Net cash used in operating activities	(694,091)	(1,031,523)	(693,987)	(900,128)
Cash Flows from Investing Activities
Dividends, interest and rents from investments Purchase oftangible assets Purchase ofother investments Proceeds from sale oftangible assets Proceeds from sale ofother investments	572,738 (1,049,215) (4,744,952) 500 6,345,767	584,721 (661,596) (2,873,085) 8,425 2,964,760	572,738 (1,040,572) (4,744,952) 500 6,345,767	584,721 (650,545) (2,873,085) 8,425 2,964,760
Net cash outflow /(inflow) from other liquid investments	(19,643)	867,126	(19,643)	867,126
Net cash fiom investing activities	1,105,195	890,351	1,113,838	901,402
Net increase / (decrease) ia cash and cash equivalents	411,104	(141,172)	419,851	1,274
Cash in hand and at bank at the beginning ofthe year	384,670	525,842	367,072	365,798
Cash in hand and at bank at the end ofthe year	795,774	384,670	786,923	367,072

				Unrestricted	Restricted	Total Funds	Total Funds
				Funds	Funds	2023	2022
						f	f
Donations
Donations				343,701	28,440	372,141	466,556
Legacies
Legacies				1,985,457		1,985,457	925,634
Grants
Clinical Commissioning		Group Grants		130,790		130,790	129,575
NHS England	Hospice	Grant		791,511		791,511	613,401
NHSE Covid-19 grant		to	provide bed				126331
capacity &community		support
Coronavirus	Job Retention		Scheme				7,503
				3,251,459	28,440	3,279,899	2,268,900

				Unrestricted	Total Funds	Total Funds
				Funds f	2023	2022 f
Millennium		fund		1,882	1,882	2,089
Fundraising		events		599,258	599,258	515,286
Income from		residential	services	702,139	702,139	737,923
Shop income				63,581	63,581	2,132
Christmas	cards			18,883	18,883	20,144
Easter chick		appeal		54,380	54,380	33,446
Promotional Festival of	goods trees			1,723 27,023	1,723 27,023	1,814 20,164
				1,468,869	1,468,869	1,332,998

				Unrestricted	Total Fuads	Total Funds
				Funds	2023	2022
					f
Income	from	listed	investments	572,534	572,534	584,517
Income	from	cash	investments	204	204	204
				572,738	572,738	584,721

7. COSTSOFEXPENDITUR	E ON CHARITAB	LE ACTIVI	TIES
				Total Funds	Total Funds
	Fundraising	Shop	Francis Bouse	2023	2022
Staffcosts	231,395	27,063	3,236,129	3,494,587	3,016,929
Depreciation			471,044	471,044	430,433
Rent		16,995	138,791	155,786	128,742
Rates a water		5,656	28,203	33,859	36,952
Light and heat Repairs &maintenance		4,842	234,462 55,988	234,462 60,830	56,730 49,903
Insurance		1,074	50,667	51,741	64,113
Motor vehicle expenses	1,721	1,049	22,635	25,405	13,537
Travel and accommodation			15,160	15,160	11,084
Consultancy			180,184	180,184	182,250
Telephone			26,143	26,143	25,622
Housekeeping			208,336	208,336	163,108
Stafftraining Staffrecruitment			7,424 31,423	7,424 31,423	3,622
Events	168,710			168,710	97,867
Printing, postage and stationery	21,552			21,552	28,908
Christmas cards Loss on disposal offixed asset		13,659	22,370	13,659 22,370	13,547 45,974
Share ofsupport costs (see note 8) Share ofgovernance costs (see	423,378	70,338	4,728,959 507,016	5,222,675 507,016	4,369,321 472,254
note 8)			285,608	285,608	273,142
	423,378	70,338	5,521,583	6,015,299	5,!14,717

		Support	Governance	Total Funds	Total Funds
		Costs f	Costs	2023	2022 f
Staffcosts		360,024		360,024	337,675
Premises		92,642		92,642	79,714
Communications	and IT		40,154	40,154	32,343
General office		30,711	21,983	52,694	48,090
Printing, postage	and stationery	23,639		23,639	22,898
Auditors fees			18,600	18,600	18,600
Legal and professional			93,122	93,122	80,496
Bank charges			8,306	8,306	6,168
Investment advice			103,443	103,443	119,412
		507,016	285,608	792,624	745,396

				Unrestricted	Total Funds	Total Funds
				Funds	2023	2022
						f
	Unrealised Gains/(losses) on listed investments Gains/(losses) on disposal ofinvestment assets			(1,985,242) (429,079	(1,985,242) (429,079)	454,482 200,026
				(2,414,321)	(2,414,321)	654,508
10.	NET INCOME
	Net income	is stated ager	charging/(crediting):
					2023	2022
						f
	Depreciation	oftangible fixed assets			471,044	430,433
	Foreign exchange differences
					471,044	430,433

			2023	2022
				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	15,000
Fees	for payroll services		1,290	1,470
Fees	for IT services		7,800	6,000
			24,090	22,470

To	tal staff costs were ss follows:
		2023	2022
Wages	and salaries	3,260,408	2,853,211
Social	security costs	337,914	274,973
Other	pension costs	256,289	226,420
		3,854,611	3,354,604

The ave follows:	rage num	ber	of employees	during the year, calculated	on the basis of full-time equivale	nts, was as
					2023	2022
					No	No
Number	ofnursing	and	care staff		80	77
Number	offund-raising		staff		5	6
Number	ofolfice	and administration		staff	18	18
					103	101

The num	ber ofemployees whose remuneration for the	year fell within the following bands, were:
		2023	2022
660,000 f70,000	tof69,999 tof79,999	No 1 I	No 2
f80,000	tof89,999	1
		3

	Improvements	Freehold land	Fixtures &
	to buildings	&buildings	Bttings	Motor vehicles	Total f
Cost
At I April 2022	7,619,818	2,389,786	1,456,485	188,197	11,654,286
Additions	2,959	806,535	146,393	93,328	1,049,215
Disposals	(31,070)		(89,005)	(7,910)	(127,985)
At 31March 2023	7,591,707	3,196,321	1,513,873	273,615	12,575,516
Depreciation
At 1 April 2022	3,201,731	238,267	850,746	183,595	4,474,339
Charge for the year	256,623	97,818	102,359	14,244	471,044
Elimination on disposals	(18,368)		(78,884)	(7,863)	(105,115)
At 31March 2023	3,439,986	336,085	874,221	189,976	4,840,268
Net Book Value
At 31March 2023	4,151,721	2,860,236	639,652	83,639	7,735,248
At 31 March 2022	4,418,087	2,151,519	605,739	4,602	7,179,947

Charity
	Improvements	Freehold land	Fixtures &
	to buildings	&buildings f	fittings	Motor vehicles	Total
Cost
At 1 April 2022	7,619,818	2,389,786	1,426,160	188,197	11,623,961
Additions	2,959	806,535	137,750	93,328	1,040,572
Disposals	(31,070)		(89,005)	(7,910)	(127,985)
At 31March 2023	7,591,707	3,196,321	1,474,905	273,615	12,536,548
Depreciation
At 1 April 2022	3,201,731	238,267	830,327	183,595	4,453,920
Charge for the year	256,623	97,818	92,620	14,244	461,305
Elimination on disposals	(18,368)		(78,884)	(7,863)	(105,115)
At 31March 2023	3,439,986	336,085	844,063	189,976	4,810,110
Net Book Value
At 31March 2023	4,151,721	2,860,236	630,842	83,639	7,726,438
At 31 March 2022	4,418,087	2,151,519	595,833	4,602	7,170,041

Movement in market value
		Cash or cash	Listed
Cost or valuation		equivalents	investments	Total f
At 1 April 2022		150,884	22,524,125	22,675,009
Additions			4,744,952	4,744,952
Disposals			(6,774,846)	(6,774,846)
Net gains I(losses) on revaluations	in the year		(1,985,242)	(1,985,242)
Movement on cash held in the year		19,643		19,643
At 31March 2023		170,527	18,508,989	18,679,516
Impairment
At 1 April 2022 and 31 March 2023
Carrying amount
At 31March 2023		170,527	18,508,989	18,679,516
At 31 March 2022		150,884	22,524,125	22,675,009
All investments shown above are held at valuation.
Financial assets held at fair value

		Group	Group	Charity	Charity
		2023	2022	2023	2022
				8	f,
Amounts	owed by group undettakings				26,480
Other debtors		63,274	49,129	63,274	49,129
Prepayments		255,904	362,889	235,812	330,537
		319,178	412,018	299,086	406,146

		Group	Group	Charity	Charity
		2023	2022	2023	2022
			f.		f
Trade creditors		96,700	156,248	92,962	151,955
Taxation	and social security	80,334	74,428	60,208	57,969
Other creditors		35,159	34,865	30,207	29,552
Amounts	owed by group undertakings			9,752
Accrual s		88,446	48,912	70,737	42,338
		300,639	314,453	263,866	281,814

			2023	2022
			f	f
Not later	than	1 year	150,544	131,972
Later than	1 year and not later than 5 years		602,176	527,888
Later than	5 years		602,176	659,860
			1,354,896	1,319,720

						Balance at					Balance at
						I Apr 2022 f	Net Income			Transfers	31Mar 2023 f
Donated equipment			Fund			64,900		6,540		(64,900)	6,540
ons	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
Unres	tricted	funds
						Balance at		Incoming			Balance at
						I Apr 2022 f		resources		Transfers	31Mar 20223
General Funds						30,272,291		(3,114,654)		64,900	27,222,537

											Unrestricted	Unrestricted	Restricted	Total funds
												funds	funds	2023
												f
	Tangible	fixed assets										7,735,248		7,735,248
	Investments										18,679,516			18,679,516
	Current Assets											1,108,412	6,540	1,114,952
	Creditors	less than I		year								(300,639)		(300,639)
	Total Funds										27,222,537		6,540	27,229,077
22.	FINANCIAL INSTRUMENTS
The	carrying amount for each category						offinancial		instrument		is as follows:
													2023	2022
													f	f
	Financial	assets that			are debt instruments				measured		at amortised	cost
	Financial	assets that		are debt instruments				measured		at amortised cost			10,170	10,000
	Financial	instruments			measured at fair			value through			profit and	loss
	Financial	instruments			measured		at fair value		through	pmfit and loss			18,508,989	22,524,125
	Financial	liabilities		measured			at amortised		cost
	Financial	liabilities	measured			at	amortised	cost					(115,493)	(109,293)