2023-03-31-accounts - Leicestershire & Rutland Organisation For The Relief Of Suffering Limited

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age:
	Directors' report
	Statement of	Trustees	responsibilities
17	Independent	auditor's report
20	Consolidated	statement	offinancial	activities
21	Consolidated	balance sheet
22	Charity balance sheet
23	Consolidated	cash flow	statement
24	Notes to the cash flow		statement
25	Notes forming	part ofthe financial statements

Registered	Charity Number:	Charity Number:	506120
Registered	Company:		Registered	in England			and	Wales 01298456
Registered	and Principal		The Leicestershire			&Rutland			Hospice
Office:			Groby Road
			Leicester
			LE39QE
Auditor:			The Rowleys Partnership					Ltd
			Chartered	Accountants
			Charnwood	House
			Harcourt Way
			Leicester
			LE191WP
Bankers:			The Royal	Bank	of	Scotland			pic
			1 Granby Street
			Leicester
			LE16EJ
Discretionary		Investment	Evelyn Partners
Management:			9 Colmore	Row
			Birmingham
			B32BJ
Solicitors:			Knights pic
			34 Pocklingtons		Walk
			Leicester,	LE1 6BU

T	hese achievements may b	e quantified	e quantified	and the	levels of activ	levels of activ	ity this year are si	milar to last year	in most are
~	Clinical Activity (which	represents		a key	performance		indicator)
							2022/23	2021/22	2020/21
	Referrals						2,487	2,080	1,878
	Ward Admissions						621	548	521
	Ward Length ofStay (Average)						15Days	15 Days	14days
	Ward Occupancy (Average)						78%	76%	63%
	Out-patient Attendances						2,068	1,786	2,317
	Day Therapy Attendances						1,727	1,622	2,161
	Counselling Assessments	and	Sessions				3,320	2,814	3,312
	Lymphoedema Clinic Attendances						2,120	2,564	2,030
	Complementary Therapy	Contacts					871	927	510
	Compassionate Neighbours		(Home	visits	and	remote	1,987	3,372	1,918
	su crt

						Unrestricted	Restricted	Restricted	Restricted		2023	Unlestrlcted	Restricted	Restricted	2022
				Notes		Fuiiilef		Funds 5			Funds 5	fuiiijs 5	funds K		fundsf
Income fram:
Donations and legacies					3	7,314,439		239,077			7,553,516	6,303,198	610,549		6,913,745
Investments				4		154,780					154,780	128,477			128,477
Other trading activities:
- Shop income						3,649,457					3,649,457	3,049,710			3,049,710
- Lone/7 income						1,119,421					1,119,421	1,214,874			1,214,874
						12,238,097		239,077			12,477,174	10,696,257	610,549		11,306,806
Chariitable activities
Contribution by the National
Health Service						3,294,566					3,294,566	3,072,109			3,072,109
Educational activities						584,430					584,430	424,859			424,859
Total income						16,117,093		239,077			16,356,170	14,193,225	610,549		14,803,774
Expenditure on:
Raising funds
Shop expenditure						3,505,709					3,505,709	2,665,584			2,665,584
Lottery expenditure						525,819					525,819	525,959			525,959
Fundraising costs						514,293					514,293	742,733			742,733
Depredatian ofleasehold		shop
properties						9,265					9,265	4,202			4,202
Investment management	fees					28,238					28,238	32,091			32,091
Charitable activities						4,583,324					4,583,324	3,970,569			3,970,569
The Leicestemhire and Rutland
Hospice						11,895,577		224,539			12,120,116	9,982,057	1,017,053		10,999,110
Total expenditure					5	16,478,901		224,539			16,703,440	13,952,626	1,017,053		14,969,679
(Loss)/Profit on investment
assets				7		(535,614)					(535,614)	210,574			210,574
Net income						(897,422)		14,538			(882,884)	451,173	(406,5D4)		44,669
Total funds brought forward						20,656,831	3,450,787				24,107,618	20,2D5,658	3,857,291		24,062,949
Total funds carried forward						19,790,299	3,465,325				23,224,734	20,656,831	3,450,787		24,017,618
The statement offinancial activities includes					ag	gains and losses	recognised			in the year.
Ag incoming resources and		resources expended				derive from continuing			activities
The notes on pages 25to45 form part ofthese						financial statements.
Consolidated summary	Income and expenditure account												2023		2022
													5		6
Gross income ofcontinuing		operations										16,356,170			14,803,774
Total expenditure ofcontinuing				operations								(16,703,440)			(14,969,679)
Realised gains/(losses) on		disposal of investment assets										(194,111)			(456,899)
Net income for the year												(541,381)			(622,804)
A detailed analysis of income			by	source is	provided in the statement			of	finandal		activities. Detailed	analysis of	expenditure	is provided in the
statement offinancial activities			and in note		5.

Company	number 01298456	number 01298456	number 01298456	Note	2023 6	2023	2022 6	2022
Fixed assets
Tangible assets						13,009,517		13,305,896
Investments						5,412,887		6,755,768
						18,422,404		20,061,664
Current assets
Stocks				8	261,020		129,208
Debtors				9	6,346,567		4,681,076
Cash at bank and		in	hand		1,180,221		1,407,177
					7,787,808		6,217,461
Creditors:	amounts		falling due
within one	year			10	(2,643,811)		(1,729,840)
Net current assets						5,143,997		4,487,621
Creditors:	amounts		falling due
after more	than one		year			(341,667)		(441,667)
Net assets						23,224,734		24,107,618
Funds
Restricted	funds			14		3,465,325		3,450,787
Unrestdicted	funds:
-Designated funds				15/16		2,651,764		3,082,476
- Other charitable		funds		15		16,426,897		16,163,882
- Revaluation reserve				15		680,748		1,410,473
						23,224,734		24,107,618

Company number 01298456	Company number 01298456	Company number 01298456	Note	2023f	2023f	2022 5	2022 5
Fixed assets
Tangible assets					12,776,093		13,070,220
Investments					5,412,892		6,755,773
					18,188,985		19,825,993
Current assets
Debtors			9	6,737,423		5,004,336
Cash at bank and	in	hand		1,100,873		1,103,597
				7,838,296		6,107,933
Creditors: amounts		falling due
within one year			10	(2,116,757)		(1,257,709)
Net current assets					5,721,539		4,850,224
Creditors: amounts		falling due
after more than	one	year			(341,667)		(441,667)
Net assets					23,568,857		24,234,550
Funds
Restricted funds			14		3,465,325		3,450,787
Unrestricted funds:
- Designated funds			15/16		2,651,764		3,082,476
- Other charitable	funds		15		16,771,020		16,290,814
- Revaluation reserve			15		680,748		1,410,473
					23,568,857		24,234,550

				2023 5	2022f
Net cash	flow from operating	activities		(687,550)	388,262
Net cash	inflow from investing activities			67,193	(633,752)
Change	in cash and cash equivalents in the		year	(620,357)	(245,490)
Cash and cash equivalents		at the beginning	ofthe year	1,855,724	2,101,214
Cash and cash equivalents		at the end of	the year	1,235,367	1,855,724

1	Cash flows from operating activities	Cash flows from operating activities	Cash flows from operating activities
					2023	2022
					6	6
	Net income per SOFA				(882,884)	44,669
	loss/(gain) on investment				535,614	(210,574)
	Net incoming resources				(347,270)	(165,905)
	Investment income				(154,7801	(128,477)
	Depreciation				789,757	765,482
	(Increase)/Decrease	in stocks			(131,812)	(86,771)
	(Increase)/Decrease	in debtors			(1,665,491)	(778,824)
	Loss/(Profit) on sale	ofassets			8,075	(632)
	Increase/(Decrease)	in creditors			813,971	783,389
	Net cash Inflow from	operating	activities		(687,550)	388,262
2	Cash flow from investing activities
					2023f	2022 6
	Purchase oftangible	fixed assets			(501,198)	(735,472)
	Proceeds from sale oftangible		fixed assets		(255)	5,332
	Acquisition of listed investments				(961,938)	(1,073,418)
	Proceeds ofsale of listed investments				1,375,804	1,041,329
	Interest received				154,780	128,477
					67,193	(633,752)
3	Analysis ofchanges	in cash	and cash equivalents
				At		At
				1 Apdil		31 March
				2022	Cash flow	2023
				6		6
	Cash at banks, building societies and in hand			1,407,177	(226,956)	1,180,221
	Cash held as part of	investment	portfolio	448,547	(393,401)	55,146
	Total bank and cash	holding		1,555,724	(620,357)	1,235,367

							2023f	2022
Bank and		building	society interest				7,979	5,257
Dividends		and interest on investments					146,801	123,220
							154,780	128,477
In 2023, all		income	(2022 —a8 income)	relating to investments		was unrestdicted.
Analysis		oftotal	group resources expended
			Depreciation	Staff costs		Other	Total	Total
			2023	2023		2023	2023	2022
						6	E	F
Cost of
generating	funds:
Shop expenditure			62,439	1,756,833	1,686,437		3,505,709	2,665,582
Depreciation		of
shop leases			9,265				9,265	4,202
Lottery
expenditure			1,391	228,926	295,502		525,819	525,959
Fundraising		and
publicity			64,174	230,872	219,247		514,293	742,733
Investment
management
fees						28,238	28,238	32,091
Charitable
activities:
Direct charitable
expenditure
Hospice			652,488	8,314,686	3,027,146		11,994,320	10,884,515
Governance				107,475		18,321	125,796	114,597
costs
			789,757	10,638,792	5,274,891		16,703,440	14,969,679

Employees
The average number of full time equivalent	employees
		2023	2022
Fundraising and administrative		37	33
Provision ofcare		203	198
Shops		65	58
Lottery company		7	9
		312	298
The number ofemployees
Fundraising and administrative		43	36
Provision ofcare		248	239
Shops		99	85
Lottery company		10	12
		400	372
Staff costs
Wages and salaries		9,170,881	8,471,754
Social security costs		802,682	703,973
Pension costs		665,229	569,951
		10,638,792	9,745,678

6368,515),ofthis amount fNIL (2022 - ENIL)	was outstanding at the year-end	.
		2023	2022
The number ofemployees whose emoluments	fell within the following
bands was:
In the banding f60,000 - F70,000
In the banding 570,000 - F80,000
In the banding 590,000 - F100,000
In the banding F100,000-F110,000
Auditor's remuneration
The amount charged in the year to the group	was:
Statutory audit		30,190	23,613
Other
	31

Tangible fixed	Tangible fixed	assets
				At	Additions	Disposals	At
				31 March	during the	during the	31 March
Group				2022 f	year E	year E	2023 F
Cost
Leicestershire	and Rutland		Hospice:
Freehold land				3,000,000			3,000,000
Freehold buildings				16,919,211	196,484		17,115,695
Motor vehicles				192,396	2,500		194,896
Fixtures, fittings		and equipment		1,265,886	223,551	(6,781)	1,482,656
				21,377,493	422,535	(6,781)	21,793,247
Goodwill				127,893			127,893
Leasehold shop		properties		42,202	9,265		51,467
Shops —fixtures		and fittings		625,241	63,442	(3,960)	684,723
Motor vehicles				63,589	5,956		69,545
Lottery company		—fixtures	and fittings	11,697			11,697
Total cost				870,622	78,663	(3,961)	945,325
Total cost				22,248,115	501,198	(10,741)	22,738,572
				At	Provision	Eliminated	At
				31 March	in the	On	31 March
				2022	Year	disposals	2023
				E		6	E
Depreciation
Leicestershire	end Rutland		Hospice:
Freehold buildings				7,322,403	607,960		7,930,363
Motor vehicles				179,903	7,578		187,481
Fixtures, fittings		and equipment		799,011	101,124	(825)	899,310
				8,301,317	716,662	(825)	9,017,154
Goodwill				15,987	12,789		28,776
Leasehold shop		properties		42,202	9,265		51,467
Shops —fixtures		and fittings		531,686	42,315	(2,096)	571,905
Motor vehicles				42,476	7,335		49,811
Lottery company		—fixtures	and fittings	8,551	1,391		9,942
				640,902	73,095	(2,096)	711,901
Total depreciation				8,942,219	789,757	(2,921)	9,729,055
Net book value				13305896	(288 559)	(7820)	13)009~517
				32

Tangible fixed	assets
(continued)
		At	Additions	Disposals	At
		31 March	during the	during the	31 March
Company		2022 f	year E	year K	2023
Cost
Leicestershire	and
Rutland Hospice:
Freehold land		3,000,000			3,000,000
Freehold buildings		16,919,211	196,484		17,115,695
Motor vehicles		192,396	2,500		194,896
Fixtures, fittings and		1,259,105	223,551		1,482,656
equipment
		21,370,712	422,535		21,793,247
Leasehold shop properties		42,202	9,255		51,467
Total cost		21,412,914	431,800		21,844,714
		At	Provision		At
		31 March	in the	Eliminated	31 March
		2022	Year	on disposals	2023
			E	E	E
Depreciation
Leicestershire	and
Rutland Hospice:
Freehold buildings		7,322,403	607,960		7,930,363
Motor vehicles		179,903	7,578		187,481
Fixtures, fittings and		798,186	101,124		899,310
equipment
		8,300,492	716,662		9,017,154
Leasehold shop properties		42,202	9,255		51,467
Total depreciation		8,342,694	725,927		9,068,621
Net book value		13,070,220	(294,127)		12,776,093

Fixed asset investment	Fixed asset investment
		2023	2022
Group and company		6
Investments
Market value at 1 April	2022	6,307,221	6,064,558
Additions at cost		961,938	1,073,418
Disposals at proceeds		(1,375,804)	(1,041,330)
(Loss)/Profit on revaluation		(535,614)	210,575
Market value at 31 March 2023		5,357,741	6,307,221
Historical cost at 31 March 2023		4,200,981	4,423,160
Historical cost at 1 April 2022		4,423,160	4,140,154
investments comprise:
Listed investments in the UK		3,657,646	3,392,498
Listed investments outside the UK		1,180,103	2,409,731
Land and property held as investment		519,992	504,992
Cash and Settlements	pending	55,146	448,547
Total		5,412,887	6,755,768
Group
Quoted investments		4,837,749	5,802,229
Cash and settlements	pending	55,146	448,547
Investment Property		519,992	504,992
		5,412,887	6,755,768
Company
Quoted investments		4,837,749	5,802,229
Cash and settlements	pending	55,146	448,547
Investment Property		519,992	504,992
Investments in subsidiary companies		5	5
		5,412,892	6,755,773

A summary oftheir trading	A summary oftheir trading	is shown	below
			LOROS	LOROS	LOROS
		Enterprises		Lotteries	Commercial
					Innovations
			Limited	Limited	Limited	Total
Company registered	number		01944436f	03179552f	13084976 6
Profit and loss account
Turnover			3,272,867	1,119,421	356,112	4,748,400
Cost ofsales			(225,561)	(226,303)	(166,851)	(618,715)
Gross profit			3,047,306	893,118	189,261	4,129,685
Administration expenses			(2,687,062)	(301,385)	(422,882)	(3,411,329)
Other Operating Income					20,338	20,338
Operating Profit/(Loss)			360,244	591,733	(213,283)	738,694
Interest received			1,551	1,867		3,418
Interest Payable					(4,804)	(4,804)
Profit before tax			361,795	593,600	(218,087)	737,308
Covenant to LOROS			(361,800)	(593,500)		(955,300)
Profit for the year			(5)	100	(218,087)	(217,992)

							LOROS	LOROS	LOROS
							Enterprises	Lotte dies	Commercial
									Innovations
							Limitedf	Limitedf	Limitedf	Total 6
Assets							656,679	261,610	152,978	1,071,277
Creditors:	amounts		fall	due	within		(656,627)	(261,489)	(496,301)	(1,414,427)
one year
							52	121	(343,323)	(343,150)
Represented		by share		capital		and	52	121	(343,323)	(343,150)
reserves

8	Stocks
			Group	Group	Company	Company
			2023	2022	2023	2022
	Goods for resale		261,020	129,208
9	Debtors
			Group	Group	Company	Company
			2023	2022 6	2023f	2022f
	Amounts due from subsidiary				629,943	540,014
	undertakings Other debtors		6,231,824	4,504,771	5,992,793	4,288,017
	Trade debtors		114,743	176,305	114,687	176,305
			8,346,567	4,681,076	6,737,423	5,004,336
10	Creditors: amounts	falling due within one year
			Group	Group	Company	Company
			2023f	2022 6	2023f	2022
	Bank loan (see note	12)	100,000	58,333	100,000	58,333
	Payments in advance		355,988	441,990	169,965	266,403
	Trade creditors Taxation and social security		1,293,916 284,028	615,087 281,41'7	1,160,584 249,229	474,197 252,017
	Other creditors and accruals		609,879	333,013	436,979	206,759
			2,643,811	1,729,840	2,116,757	1,257,709
11	Creditors: amounts	falling due after more than one year
			Group	Group	Company	Company
			2023	2022f	2023 5	2022 6
	Bank loan (See note	12)	341,667	441,667	341,667	441,667
			341,667	441,667	341,667	441,667

					Group	Group	Company	Company
					2023	2022	2023	2022
					6			6
	Amounts	falling due	within one year
	or on demand				100,000	58,333	100,000	58,333
	Amounts	falling due	between	one
	and two years				100,000	100,000	100,000	100,000
	Amounts	falling due	between	two and
	five years				241,667	300,000	241,667	300,000
	Amounts	falling due	in more	than five
	years					41,667		41,667
13	Commitments
					Land and		Land and
					buildings	Other	Buildings	Other
	Group				2023f	2023f	2022f	2022
	Operating	leases which expire:
	Within one year				301,686		140,100
	In the second to fifth		years inclusive		379,435		521,825
	Over five	years
					681,121		661,925
					Land and		Land and
					Buildings	Other	Buildings	Other
					2023	2023	2022	2022
	Company				6			F
	Operating	leases which expire:
	Within one year				301,686		140,100
	In the second to fifth		years inclusive		379,435		521,825
	Over five	years
					681,121		661,925

			Balance at			Balance at
			31 March	Incoming	Outgoing	31 March
Group	and company		2022	resourcesf	Resourcesf	2023
Capital	building	fund	3,215,786		(84,118)	3,131,668
Hospice			235,001	239,077	(140,421)	333,657
			3,450,787	239,077	(224,539)	3,465,325
			Balance at			Balance at
			31 March	Incoming	Outgoing	31 March
Group and company			2021 6	resourcesf	Resourcesf	2022
Capital	building	fund	3,299,904		(84,118)	3,215,786
Hospice			557,387	610,549	(932,935)	235,001
			3,882,504	610,549	(1,017,053)	3,450,787

Unrestricted	funds	funds
			Balance at				Balance at
			31 March	Net income/			31 March
Group			2022	(expenditure) 5		Transfersf	2023f
Other charitable		funds	16,163,882		68,904	194,111	16,426,897
Designated	funds (see note 16)		3,082,476		(430,712)		2,651,764
Revaluation	reserve		1,410,473		(535,614)	(194,111)	680,748
			20,656,831		(897,422)		19,759,409
			Balance at				Balance at
			31 March	Net income/			31 March
			2021 5	(expenditure)f		Transfers 5	2022
Other charitable		funds	15,035,790		671,193	456,899	16,163,882
Designated	funds (see note 16)		3,513,071		(430,595)		3,082,476
Revaluation	reserve		1,656,797		210,575	(456,899)	1,410,473
			20,205,658		451,173		20,656,831
			Balance at				Balance at
			31 March	Net income/			31 March
Company			2022	(expenditure)f		Transfersf	2023 5
Other chaditable		funds	16,290,814		286,095	194,111	16,771,020
Designated	funds (see note 16)		3,082,476		(430,712)		2,651,764
Revaluation	reserve		1,410,473		(535,614)	(194,111)	680,748
			20,783,763		(680,231)		20,103,532
			Balance at				Balance at
			31 March	Net income/			31 March
			2021f	(expenditure)f		Transfers	2022f
Other charitable		funds	14,910,557		923,358	455,899	16,290,814
Designated	funds (see note 15)		3,513,071		(430,595)		3,082,476
Revaluation	reserve		1,656,797		210,575	(456,899)	1,410,473
			20,080,425		703,336		20,783,763

			Balance at			Balance at
			31 INarch			31 INarch
			2022 6	Utilisedf	Transfers	2023f
Capital	building	fund	3,082,476	(430,712)		2,651,764
			Balance at			Balance at
			31 INarch			31 March
			2021	Utilisedf	Transfersf	2022f
Capital	building	fund	3,513,071	(430,595)		3,082,476

				Restricted	Funds
			Unrestricted	Capital		Total
			funds	building fund 6	Hospice 8	Fundsf
Fund balance as		at 31 March 2023
are represented		by:
Tangible	fixed assets		14,957,079	3,131,668	333,657	18,422,404
Current	assets		7,787,808			7,787,808
Current	liabilities		(2,985,478)			(2,985,478)
Total net assets			19,759,409	3,131,666	333,657	23,224,734

Financial	Financial	instrument	s	s
The Group's		financial	instruments		may be analysed		as follows:
						Group		Group	Company	Company
							2023 5	2022	2023 f	2022
Financial		Assets
Financial	assets that		are measured			at
fair value	through the		SOFA			5,412,887		6,755,768	5,412,887	6,755,768
Financial	assets that		are debt
instruments		measured	at amorlised
cost						6,064,566		4,189,366	5,829,458	4,394,938
Financial		liabilities
Financial	liabilities measured			at
amoitised		cost				1,903,795		948,100	1,597,563	680,956

				2023	2022f
Provision ofCare
The Leicestershire	and Rutland		Hospice:
Saladies and related	costs			9,106,418	6,307,744
Recruitment and training				88,325	46,250
Medical supplies				506,326	466,004
Insurance				54,589	56,927
Heat, light and water				174,408	109,023
Telephone and postage				60,213	61,724
Stationery and other	office expenses			95,304	90,507
Travelling expenses				42,767	28,746
Food costs (net ofnon-patent		takings)		123,708	97,649
Laundry				34,730	29,654
Maintenance				448,774	406,656
Chaplaincy				109,971	t05,144
Counselling service				173,769	178,316
Sundries				30,674	20,222
Research expenditure				20,069	31,794
Seminars				66,602	44,606
RGA commission				17,167	12,693
Loss on disposal oftxed assets					1,131
				11,153,814	10,094,794
Depreciation				606,018	606,611
				11,759,832	10,701,605

			2023	2022
			5
Provision ofCare	(continued)
Fundraising and Publicity
Recruitment and training			5,668	2,476
Salaries and related	costs		230,872	206,010
Telephone and postage Stationery			445	690 418
Travelling expenses			4,480	2,748
Sundry expenses			3,127	4,111
General appeal and	promotional	expenses	205,527	474,431
Depreciation			64,174	51,650
			514,293	742,734
Support costs
Recruitment and training			7,406	7,487
Salaries and related	costs		59,708	53,278
Telephone and postage			323	499
Stationery				303
Other oflice expenses			2,264	2,977
Legal consultancy fee			62,678	42,014
Depreciation			46,470	37,547
Bad debts				200
Bank charges			55,639	38,605
			234,488	182,910
Governance costs
Audit, accountancy	and professional fees		15,043	14,005
Salaries and related	costs		107,475	95,901
Trustees indemnity	insurance		3,278	4,691
			125,796	114,597