2021-03-31-accounts - St Giles Hospice

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

				Page
Reference and administrative		details ofthe company,	its Trustees and advisers	1-2
Trustees' report				3-19
Independent	auditors' report	on the financial statements		20 - 23
Consolidated	statement offinancial activities			24
Consolidated	balance sheet			25
Company balance sheet				26
Consolidated	statement ofcash flows			27
Notes to the	financial statements			28-53

Trustees			Robin Vickers,	Chair	Chair	(appointed	(appointed	10December 2020)
			Lindsey Williams,		Deputy		Chair
			Joanne Maidment
			Bernie Creaven
			Stephen Ridler
			Robert Andrew	Donald
			Dr Paul Joshi
			Sue Read
			Catherine Finn	(appointed			10December 2020)
			Simon James (appointed				10December 2020)
			Paul Jennings	(appointed			10December 2020)
			Alison Fowler (resigned 25 November 2020)
			Dr Magnus Harrison			(resigned		25 November 2020)
			Dr Rashi Negi	(resigned			16February 2021)
			Sukie Shemar	(resigned			10February 2021)
			Margaret Wood (resigned				25 November 2020)
Company	registered
number			01430090
Charity registered
number			509014
Registered		office	Fisherwick Road
			Whittington
			Lichfield
			Staffs
			W$14 9LH
Company	secretary		Emma Jane Hodges
Chief executive officer			Emma Jane Hodges
Independent		auditors	Crowe U.K. LLP
			Black Country House
			Rounds Green	Road
			Oldbury
			West Midlands
			B692DG
Solicitors			Pickerings Solicitors			LLP
			Etchell House
			Bonehill Road
			Tamworth
			Staffordshire
			B783HQ
			Keely's LLP
			28 Dam Street
			Lichfield
			Staffordshire
			WS136AA

commissioners.		y			y
								2020/21
Total number outpatient attendances								Nil
Total number ofattendances by patients at the Day	Hospice							Nil
Total number ofvisits with patients by the community		service						6,797
Total number ofHospice at Home sessions provided								6,340
Referrals received across our clinical departments								3,086
Calls handled by our Advice and Referrals Centre (ARC)								11,231
Total number ofcomplaints Whittington								10
The number ofcomplaints which were investigated	and	upheld			in full
The number ofcomplaints which were investigated,	resolved		but only
upheld in part
The number ofcomplaints which were investigated	and	not upheld
The number ofincidents reported to RIDDOR involving		patients
(Reporting ofInjuries, Diseases and Dangemus Occurrences			Regulations)
Total number ofpatients admitted to Whittington	inpatient				unit			437
%ofpatients who went home								42%
%BedOccupancy								79%
Patients diagnosed with reportable infections whilst	on	the inpatient				unit
Average length ofstay on the inpatient unit (days)								15.12
Number offalls per occupied bed in a year (Number	ofbeds		multiplied				by	1.95
bed occupancy and divided by number offalls) **Walsall inpatient unit
Total number ofpatients admitted to inpatient unit								93
%ofpatients who went home								49%
%Bed Occupancy								66%
Patients who were diagnosed with reportable infections		whilst		on the				0
inpatient unit.
Average length ofstay on the inpatient unit (days)								12.85
Number offalls per occupied bed (Number ofbeds multiplied				by bed				0.30
occupancy and divided by number offalls)

(continued)
Number ofVolunteers	by Activity	2020/21
Advice Referral Centre	Volunteers
Community Volunteers
Day Hospice Volunteers		17
Education Volunteers
Finance Volunteers
Fundraising Volunteers		80
Hospice at Home Volunteers
Housekeeping Volunteers		28
Lottery Volunteers
Lymphoedema Volunteers
Marketing Volunteers
Medical Volunteers
Quality Assurance Er, Clinical Education Volunteers
Reception Volunteers		51
Stewards Volunteers
Supportive Care Volunteers		72
Sutton Volunteers		17
Transport Volunteers		33
Trustees		12
Uttoxeter Volunteers		13
Volunteer Services Volunteers
Walsall IPU Volunteers
Whittington IPU Volunteers		39
Total		416

Promotions	(Lottery)	(Lottery)
Shops (including		Shenstone Warehouse)	490
Total			494

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
			Note	6	6	6	8
Income from:
Donations and legacies				4,471,064		4,471,064	4,263,968
Charitable activities				6,811,934		6,811,934	3,909,720
Other trading activities				4,011,790		4,011,790	5,525,179
Investments				105,351		105,351	130,842
Other income				749,010		749,010
Total income				16,149,149		16,149,149	13,829,709
Expenditure on:
Raising funds			89	3749064		3,749,064	4,524,028
Charitable activities			10	9'154'354	161'399	9'315'753	10029488
Total expenditure				12,903,418	161,399	13,064,817	14,554,416
Net income/(expenditure)		before net		3,245,731	(161,399)	3,084,332	(724,707)
gains/(losses) on	investments
Net gains/(losses)	on investments			627,256		627,256	(148,465)
Net movement in	funds			3,872,987	(161,399)	3,711,588	(873,172)
Reconciliation offunds:
Total funds brought	forward			11,546,160	4,765,538	16,311,698	17,184,870
Net movement in funds				3,872,987	(161,399)	3,711,588	(873,172)
Total funds carried forward				15,419,147	4,604,139	20,023,286	16,311,608

		CONSOLIDATED	BALANCE SHEET
		AS AT 31	MARCH 2021
		Note	2021 6		2020
Fixed assets
Tangible assets Investments		15 16	11,108,002 3,?16,052		11,461,835 2975782
Current assets			14,824,064		14,437,517
Stocks		1?	40,205	45,953
Debtors		18	3,?07,562	1,625,779
Cash at bank and in hand			2,641,995	1,353,193
			6,389,762	3,024,925
Creditors: amounts	falling due within	one
year		19	(1,101,030)	(f,150644)
Net current assets			5288732		t.81408t
Total assets less current liabilities			20,112,?86		15,31f,696
Provisions for liabilities		20	f89,50OI
Total net assets			20,023,288		16,311,698
Charity funds
Restricted funds Unrestricted funds		21 21	4,604,139 15,419,14?		4,765,538 11,546,160
Total funds			20,023,286		16,311,698

		COMPANY BAEANC ESHEET	COMPANY BAEANC ESHEET
		AS AT31 MARCH 2021
			2021		2020
		Note			6
Fixed assets
Tangible assets		15	11,107,584		11,454,570
Investments		16	3,716,157		2,975,887
			14,823,741		14,430,457
Current assets
Stocks		17	10,969	10,969
Debtors		18	4,216,057	1,848,425
Cash at bank and in hand			1,826,552	823,931
			6,053,578	2,683,325
Creditors: amounts	falling due within one
year		19	(764,435)	(801,986)
Net current assets			5,289,143		1,881,339
Total assets less current liabilities			20,112,884		16,311,796
Provisions for liabilities		20	(89,500)
Total net assets			20,023,384		16,311,796
Charity funds
Restricted funds		21.	4,604,319		4,765,538
Unrestricted funds		21	15~19,065		11,546,258
Totalfunds			20,023,384		16,312796

					2021	2020
				Note
Cash flows from operating	activities
Net cash (used in)/provided	by operating	activities		24	1,380,926	(598,499)
Cash flows from investing	activities
Dividends, interests and rents from investments					105,407	130,842
Loss on the diposal oftangible fixed assets					4,752
Purchase oftangible fixed assets					(63,246)	(332,207)
Proceeds from sale of investments					306,704	1,371,373
Purchase of investments					(481,739)	(645,442)
Net cash (used in)/provided	by investing		activities		(128,122)	524,566
Change in cash and cash	equivalents	in	the year		1,252,804	(73,933)
Cash and cash equivalents	at the beginning		ofthe year		1,401,032	1,474,965
Cash and cash equivalents	at the end	of	the year	25	2,653,836	1,401,032
The notes on pages 28 to 53form part ofthese financial statements

Freehold	property		- 2%ofcost
Long-term	leasehold	property	- 2%ofcost
Short-term	leasehold	property	- Straight line over life ofthe lease
Motor vehicles			- 20%ofcost
Fixtures and fittings			- 20%ofcost
Computer	equipment		- 33.3%ofcost

	Unrestricted	Restricted	Total
	funds	funds	funds
	2021 8	2021f	2021 E
Donations	2,039,977		2,039,977
Legacies	2,431,087		2,431,087
	4,471,064		4,471,064
	Unrestricted	Restricted	Total
	funds	funds	funds
	2020	2020	2020
Donations	1,868,806	6,000	1,874,806
Legacies	2,389,162		2,389,162
	4,257,968	6,000	4,263,968

	Unrestricted	Total	Tctai
	funds	funds	funds
	2021	2021	2020
	E	8	8
NHS grants and contracts for patient care	6,473,737	6,473,737	3,463,259
Recharged services	308,203	308,203	356,106
Other income	29,994	29,994	90,355
Total 2021	6,811,934	6,811,934	3,909,720

					Unrestricted	Total	Total
					funds	funds	funds
					2021	2021	2020
						6
Income	from	trading		subsidiaries	1,616,560	1,616,560	f,970,890
Sale of	donated		goods		2,242,655	2,242,655	3,284,384
Fundraising		events			59,797	59,797	66,195
Merchandise					274	274	2,032
Catering	&refreshments				32,573	32,573	r15,022
Room hire					23,841	23,641	34,271
Training	&course fees				36,090	36,090	52,385
					4,011,790	4,011,790	5,525,179

Unrestricted	Total	Total
funcls	funds	funds
2021 E	2021 E	2020f
105,351	105,351	130,842

Unrestricted	Total	Total
funds	funds	funds
2021	2021f	2020
749,010	749,010

				Unrestricted	Total	Total
				funds	funds	funds
				2021 8	2021 8	2020f
Expenditure	on raising voluntary		income	97,070	97,070	178,314
Expenditure	on raising voluntary		income - staff costs	308,208	308,208	467,214
				405,278	405,278	645,526
Fundraising	trading expenses
				Unrestricted	Total	Total
				funds	funds	funds
				2021	2021	2020
				8	8	5
Fundraising	trading	expenditure		1,424,823	1,424,823	1,694,211
Fundraising	trading	expenses —staff costs		1,809,180	1,809,180	2,058,775
Fundraising	trading	expenditure	- Nl	29,990	29,990	31,148
Fundraising	trading	expenditure	- pension costs	18,145	18,145	16,906
Fundraising	trading	expenses -	depreciation	51,769	51,769	61,405
				3,333,907	3,333,907	3,664,445

			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021	2020
Investment	management	fees	9,879	9,879	14,955

				Unrestricted	Restricted	Total
				funds	funds	funds
				2021f	2021 5	2021 S
Operation	of	the	Hospice	9,154,354	161,399	9,315,753
				Unrestricted	Restricted	Total
				funds	funds	funds
				2020f	2020	2020
Operation	of	the	Hospice	9,838,737	192,751	10,029,488

						Total
			Staffcosts	Depreciation	Other costs	funds
			2021	2021	2021	2021
			8	8	8	8
Operation	ofthe	Hospice	7,002,671	360,558	1,952,524	9,315,753
						Total
			StafFcosts	Depreciation	Other costs	funds
			2020 f	2020 f	2020	2020
Operation	ofthe	Hospice	7,199,576	364,681	2,465,231	10,029,488

			Activities
			undertaken	Support	Total
			directly	costs	funds
			2021	2021	2021
			5	8	5
Operation	ofthe	Hospice	7,574,043	1,741,710	9,315,753
			Activities
			undertaken	Support	Totai
			directly	costs	funds
			2020f	2020f	2020
Operation	ofthe	Hospice	8,309,550	1,719,938	10,029,488

	NHS grants
	and	Total	Total
	contracts	funds	funds
	2021	2021	2020
Wages &salaries	911,533	911,533	735,097
Depreciation	360,558	360,558	364,681
Support services and overheads	77,213	77,213	93,776
Executive and PR	31,146	31,146	75,091
Estate and facilities	218,568	218,568	255,332
IT	142,692	142,692	195,961
	1,741,710	1,741,710	1,719,938

					2021	2020
					E	5
Depreciation oftangible		fixed	assets		412,327	426,086
Fees payable to the company's			auditor	in respect of:
Auditors'	remuneration	- audit			20,550	19,990
Auditors'	remuneration	-other	services		3,650	5,085
Operating	lease rentals				643,535	643,535

				Group 2021f	Group 2020 f	Company 2021 f	Company 2020
Wages and	salaries			8,095,479	8,545,896	7,695,438	6,139,751
Social security costs				578,700	612,162	548,710	581,034
Contribution	to defined	contribution	pension
schemes				494,015	617,540	475,870	596,633
				9,168,194	9,775,620	8,720,018	9,319,418

		Group	Group
		2021	2020
		No.	No.
Hospice services		225	262
Fundraising		15	17
Education	&training	4	4
Merchandising		95	114
		339	397

Group	Group
2021	2020
No.	No.

		Long-term	Short-term		Fixtures,
	Freehold	leasehold	leasehold	Motor	fittings and
	property 6	property 6	property 6	vehicles	equipment 6	Total 6
Cost or valuation
At 1 April 2020	13,505,036	1,669,246	15,250	183,003	2,774,195	18,146,730
Additions	211			4,752	58,283	63,246
Disposals				(5,940)	(8,369)	(14,309)
At 31 March 2021	13,505,247	1,669,246	15,250	181,815	2,824,109	18,195,667
Depreciation
At 1 April 2020	3,618,131	409,172	15,250	143,280	2,499,062	6,684,895
Charge for the year	264,253	33,385		10,295	104,394	412,327
On disposals				(1,188)	(8,369)	(9,557)
At 31 March 2021	3,882,384	442,557	15,250	152,387	2,595,087	7,087,665
Net book value
At 31 March 2021	9,622,863	1,226,689		29,428	229,022	11,108,002
At 31March 2020	9,886,905	1,260,074		39,723	275,133	11,461,835

		Long-term	Short-term		Fixtures,
	Freehold	leasehold	leasehold	Motor	fittings and
	property 5	property 5	property 5	vehicles	equipment	Total 5
Cost or
valuation
At 1 April 2020	13,505,036	1,669,246	15,250	177,063	2,741,689	18,108,284
Additions	211			4,752	58,283	63,246
Disposals					(7,857)	(7,857)
At 31 March 2021	13,505,247	1,669,246	15,250	181,815	2,792,115	18,163,673
Depreciation
At 1 April 2020	3,618,131	409,172	15,250	142,686	2,468,475	6,653,714
Charge for the
year	264,253	33,385		9,701	102,893	410,232
On disposals					(7,857)	(7,857)
At 31 March 2021	3,882,384	442,557	15,250	152,387	2,563,511	7,056,089
Net book value
At 31 March 2021	9,622,863	1,226,689		29,428	228,604	11,107,584
At 31March 2020	9,886,905	1,260,074		34,377	273,214	11,454,570

			Other fixed
		Listed	asset
		investments	investments	Total
Group and company		E	E	5
Cost or valuation
At 1 April 2020		2,927,944	47,839	2,975,783
Additions		374,863	(374,863)
Disposals		(306,704)	355,304	48,600
Revaluations		601,233		601,233
Amounts written off			85	85
Transfer in oflegacy investments		106,876		106,876
Foreign exchange	movement		(16,525)	(16,525)
At 31 March 2021		3,704,212	11,840	3,716,052
Net book value
At 31 March 2021		3,704,212	11,840	3,716,052
At 31March 2020		2,927,944	47,839	2,975,783

The following were subsidiary unde	rtakings ofthe	company:
Names	Company	Principal	activity	Holding	Included	in
	number				consolidation
St.Giles Hospice (Promotions)	03238435	Operates	a lottery to	100'/o	Yes
Limited		raise funds for the
		charity
St.Giles Hospice Shops Limited	01947774	Operates	charity	100'/0	Yes
		shops selling bought
		in goods	to raise
		funds for	the charity

Stocks
			Group	Group	Company	Company
			2021f	2020f	2021 f	2020
Raw materials		and consumables	10,969	10,969	10,969	10,969
Finished	goods and goods for resale		29,236	34,984
			40,205	45,953	10,969	10,969
Debtors
			Group	Group	Company	Company
			2021f	2020	2021	2020f
Due within one year
Trade debtors			614,522	229,512	613,772	229,472
Amounts	owed by group undertakings				513,076	228,712
Other debtors			159,428	128,937	159,428	128,517
Prepayments		and accrued income	2,933,612	1,267,330	2,929,781	1,261,724
			3,'707,562	1,625,779	4,216,057	1,848,425

		Group	Group	Company	Company
		2021 6	2020f	2021 Z	2020f
Trade creditors		197,193	278,377	194,316	276,088
Other taxation snd social security		187,114	187,922	178,760	160,515
Other creditors		152,738	126,839	122,356	104,401
Accruals and deferred	income	563,985	577,706	269,003	280,982
		1,101,030	1,150,844	764,435	801,986

							Balance at
			Balance at 1			Gain el	31 March
			April 2020 E	Income 6	Expenditure f	(Losses)	2021 5
Unrestricted funds
General Funds	- all funds		11,546,160	16,149,149	(12,903,418)	627,256	15,419,147
Restricted funds
IPU fund			1,236,574		(30,850)		1,205,724
Barn Farm fund			1,144,814		(33,217)		1,111,597
Capital appeal fund			1,786,864		(74,202)		1,712,662
Day Therapies	Centre		411,706		(10,020)		401,686
John Hailer memorial		fund	10,000				10,000
Day Room transformation			40,854		(936)		39,918
The Advice and	Referral Centre
fund			55,195		(1,200)		53,995
Other restricted	funds		79,531		(10,974)		68,557
			4,765,538		(161,399)		4,604,139
Total offunds			16,311,698	16,149,149	(13,064,817)	627,256	20,023,286

Statement offun	ds - prior year
							Balance at
	Balance at				Transfers	Gains'	31March
	1April 2019f	Income f	Expenditure	f	in/outf	(Losses)	2020f
Unrestricted
funds
Designated
Funds - all funds	3,896,351				(3,747,886)	(148,465)
General funds
General Funds-
all funds	8,336,230	13,823,709	(14,361,665)		3,747,886		11,546,160
Total
Unrestricted
funds	12,232,581		(14,361,665)			(148,485)	11,546,160
Restricted
funds
IPU fund	1,267,424		(30,850)				1,236,574
Barn Farm fund	1,178,031		(33,217)				1,144,814
Capital appeal
fund	1,861,066		(74,202)				1,786,864
Day Therapies
Centre	421,726		(10,020)				411,706
John Hailer
memorial fund	10,000						10,000
Day Room
transformation	42,731		(1,877)				40,854
The Advice and
Referral Centre
fund	56,605		(1,410)				55,195
Other restricted
funds	114,706	6,000	(41,175)				79,531
	4,952,289	6,000	(192,751)				4,765,538
Total offunds	17,184,870	6,000	(14,554,416)			(148,465)	16,311,698

	Summary	offu	nds - prior year
										Balance at
			Balance at					Transfers	Gains'	31March
			1April 2019f	Income f		Expenditure	f	in/outf	(Losses)	2020f
	Designated
	funds		3,896,351					(3,747,886)	(148,465)
	General funds		8,336,230	13,823,709		(14,361,665)		3,747,886		11,546,160
	Restricted	funds	4,952,289		6,000	(192,751)				4,765,538
			17,184,870	13,829,709		(14,554,416)			(148,465)	16,311,698
23.	Analysis ofnet		assets between	funds
	Analysis ofnet		assets between	funds	- current year

Analysis	ofnet assets between funds - curren	t year
		Unrestricted	Restricted	Total
		funds	funds	funds
		2021 6	2021f	2021 F
Tangible	fixed assets	6,558,213	4,549,789	11,108,002
Fixed asset investments		3,716,052		3,716,052
Current assets		6,335,412	54,350	6,389,762
Creditors	due within one year	(1,101,030)		(1,101,030)
Provisions	for liabilities and charges	(89,500)		(89,500)
Total		15,419,147	4,604,139	20,023,286

										Unrestricted	Restricted	Total
										funds	funds	funds
										2020	2020f	2020
	Tangible fixed assets									6,756,371	4,705,464	11,461,835
	Fixed asset investments									2,975,782		2,975,782
	Current assets									2,964,850	60,074	3,024,924
	Creditors due within	one year								(1,150,843)		(1,150,843)
	Total									11,546,160	4,765,536	16,311,698
24.	Reconciliation ofnet		movement		in funds		to	net	cash flow	from operating	activities
											Group	Group
											2021	2020
											8	5
	Net income/expenditure		for	the	year	(as		per	Statement	of Financial
	Activities)										3,711,588	(873,172)
	Adjustments for:
	Depreciation charges										412,327	426,086
	Gains/(losses) on investments										(601,233)	222,796
	Dividends, interests	and rents		from	investments						(105,407)	(130,842)
	Decrease/(increase) Increase in debtors	in	stocks								5,748 (2,081,783)	(4,596) (195,233)
	Increase/(decrease)	in	creditors								39,686	(43,538)
	Net cash provided	by/(used		in) operating			activities				1,380,926	(598,499)

payments	und	er non-cancellable operating leases as follows:	m	mum ease
			Group	Group
			2021	2020
				6
Not later than		1 year	384,139	408,498
Later than	1 year and not later than 5years		641,925	800,675
Later than	5years		18,536	84,863
			1,044,600	1,294,036

Directors	Stephen Ridler (appointed 10December 2020)
	Simon James (appointed 10December 2020)
	Bernard Kumeta (rasigned 4 December 2020)
	Joanne Maidment (resigned 10December 2020)
	Nicholas Wint (appointed 25 March 2021)
	Elinor Eustace (appointed 5 January 2021)
	Lindsey Williams (appointed 10February 2021)
	David Barton (appointed 16July 2021)
	Paul Dennis (appointed 22 July 2021)

		Page
Directors' report
Independent auditor's	report	3-6
Statement ofincome	and retained earnings
Balance sheet
Notes tothe financial	statements	9-11
The following pages do	not form part ofthe statutory financial statements:
Detailed profit and loss account and summaries		12-13

		2021	2020
		F
Turnover		82,695	200,675
Cost Ofsales		(26,787)	(77,312)
Gross profit		55,908	123,363
Administrative expenses		(55,609)	(50,548)
Other operating income		3,575
Operating profit		3,874
Profit after tax		3,874	72,815
Profit for the Year		3,874	72,815
GN aid		(3,874)	(72,815)
Retained earnings	atthe end ofthe Year
The notes on pages	9to 11form part ofthese financial statements.

			2021	2020
			E
Accruals	and deferred	income	4,799	2,000
Amounts	awed to group undertakings		481,494	92,054
			488,29$	94,084

Turnover		2021	2020
		E	6
		82,665	200,675
Cost OfSales		(26,787)	(77,312)
Gross profit		55,$08	123,363
Other operating	income	3,575
Less: overheads
Administrahon	expenses	f55,608)	f50.548)
Operating profit		3,874	72,815
Profit forthe Year/year		3,874	72,815

				2021 6	2020f
Turnover
Sales				79,778	179,457
Gifi aid agency fees				2,919	21,218
				82,695	200,575
				2021	2020
				E
Cost ofsales
Purchases				26,787	77,312
				2021 6	2020f
Other operating	income
Furlough income				3,575
				2021	2020
				E
Administration	expenses
Staff salaries				26,288	24,320
Staff national insurance				1,888	2,121
Staff pension costs -defined Hotels, travel and subsistence		contribution	schemes	675 191	720 252
Printing and stationery				323	448
Telephone snd fax Advertising snd promotion				401 1,612	374 979
Legal and professional Auditors' remuneration				775 7,410	1,750 2,500
Bank charges Rent - operating	leases			808 12,146	428 12,130
Rates				799	786
Water				78	309
Light snd heat Insurances				1,086 445	1,729 445
Repairs and maintenance				704	1,247
				55,609	50,548

Dimctors		Simon James (appointed	Simon James (appointed	10December 2020)	10December 2020)
		Andrew Kightley	(resigned		15July 2020)
		Bernard Kumeta	(resigned		4 December 2020)
		Joanne Maidment
		Richard Thomas	(resigned		15July 2020)
		Andmw Wilkinson	(resigned		20July 2020)
		Stephen Ridler (appointed			10December 2020)
		Lindsay Williams	(appointed		10December 2020)
		David Barton (appointed		3August 2021)
		Paul Dennis (appointed Nicholas Wint (appointed		3August 2021) 3August 2021)
Registered	number	03238435
Registered	oflice	Fisherwick Road
		Whittington
		Lichfield
		Staffordshire
		WS14 9LH
Independentauditor		Crowe U.K. LLP
		Black Country House
		Rounds Green Road
		Oldbury
		West hllidlands
		B692DG

	Page
Directors' repok	1-2
Independent auditor's mport	3-6
Statement ofincome and retained earnings
Balance sheet
Notes tothe financial statements	9-14
The following pages do not form part ofthe statutory financial statements:
Detailed profit and loss account and summaries	15-17

	Iillotor	Fixtures and	Computer
	vehicles 6	fittings 8	equipment	Total 8
Cost orvaluation
At 1 April 2020	5,940	7,238	25,268	38,446
Disposals	(5,940)		(512)	(8,452)
At 31 March 2021		7,238	24,756	31.9S4
Depreciation
At 1 April 2020	594	7,100	23.487	31,181
Charge for the Year on owned assets	594	98	1,403	2,095
Disposals	(1,188)		(512)	(1,700)
At 31 March 2021		7,198	24,378	31,576
Net book value
At 31March 2021		40	378	418
At31March 2020	6,346	138	1,781	7,265

Debtors
			2021	2020
			5
Trade debtors			750	40
Amounts	owed by group undertakings		57	3,873
Prepayments		and accrued income	3,830	5,608
			4,637	9,3'lg

Creditors: Amounts falling dus within one year
	2021 6	2020f
Trade creditors	2,877	2,289
Amounts owed to group undertakings	36,825	139,902
Other taxation and social security	8,354	7,407
Other creditors	25,196	22,439
Accruals	31,040	37,787
Advance ticket payments	256,143	276,936
	363,435	486,760

2021 5	2020f
1,533,865	1,770,215
{326,178)	(381,254)
1,207,687	1,388,951
65,993
{478,837)	(482,570)
814,843	906,291
214	2,219
815,057	908,510

				2021f	2020f
Turnover
Draw entries				1,532,875	1,720,033
Other income				890	50,182
				1,533,666	1,770,215
				2021	2020f
Cost of	sales
Prizes				199,728	199,728
Salaries	8 commission			119,455	171,298
Gambling	commission		fees	1,766	2,015
Direct computer		costs		5,229	8,212
				326,178	381,254
				2021	2020
				6
Other operating		Income
Furlough	income			85,993

		2021	2020f
Administration expenses
Staffsalaries		218,065	230,554
Staff national insurance		28,102	29,027
Staff pension costs -defined contribution Redundancy payments Staff training Motor running costs Hotels, travel and subsistence Printing and stationery Postage Telephone and fax Computer costs Advertising and promotion Legal and professional Auditors' remuneration	schemes	17/70 47,481 102 3,985 21,728 23,182 1,197 1,683 17,978 3,878 3,930	18,187 f187) 983 24,218 31,601 19,596 661 1,966 26,648 3,266 3,210
Equipment hire Bank charges Bad debts		3,742 20450	2,785 21,008 886
Sundry expenses Depreciation- motor vehicles Depreciation - computer equipment Depreciation -fixtures end fittings Management charges Life assurance costs		1A51 594 1,403 98 60,000 1,718	3,780 2,046 119 60,000 1,718
		478,837	482,6TO
		2021f	2020
Interest receivable
Bank interest receivabh		214	2219