# 



## 

||Page|
|---|---|
|Trustees'<br>Annua<br>I Report|1-16|
|Auditor's<br>Report|17-18|
|Consolidated<br>Statement of Financial Activities|20|
|Charity Statement of Financial Activities|21|
|Consolidated<br>and Charity Balance Sheet|22|
|Consolidated<br>Cash Flow Statement|23|
|Notes to the Accounts|24-42|





## 

## 

## 



## 

## 

## 



## 

## 

## 

## 



## 

## 

## 



## 

|What|we committed|we committed|to do in 2020-21|to do in 2020-21|to do in 2020-21|How we performed||
|---|---|---|---|---|---|---|---|
|Open|our|Community|Services|Centre|at|The Apley rehabilitation<br>centre was||
|Bicton and||rehabilitation|centre at Apley.|||successfully<br>opened<br>in June 2020.||
|||||||After an unsurprising<br>Covid associated||
|||||||delay in completion,<br>the new facility at||
|||||||Bicton opened<br>in February 2021 and||
|||||||accepted its first patients<br>in March 2021.||
|||||||Within the build<br>is a new venture||
|||||||'Refresh' our first cafe.||
|||||||The new facilities support<br>our strategy for||
|||||||community<br>services within the concept of||
|||||||'Living Well'.||
|Determine||the future inpatient<br>service model,||||During 2021we piloted<br>a more equal split||
|specifically||the number|of beds required||on|ofbeds across the two sites. This pilot||
|each site to meet demand|||and support choice.|||aimed to address pressures<br>on capacity||
|||||||and resulting<br>longer waiting times at||
|||||||Apley.||
|||||||Our activity data has been closely||
|||||||monitored<br>throughout<br>and now supports||
|||||||this as the model going forward.||
|In light ofCovid-19 monitor the impact ofthe||||||There is no doubt that the pandemic<br>has||
|pandemic||on the hospice|finances|and take||had a significant<br>negative<br>impact on our||
|remedial<br>action where necessary||||||ability to raise funds.<br>With the closure of||
|||||||our 28 shops and restrictions<br>on other||
|||||||fundraising<br>activities we were predicting|a|
|||||||significant<br>deficit.||
|||||||Our strong reserves position<br>and access||
|||||||to the range ofgovernment<br>support||
|||||||schemes mitigated<br>this and we have||
|||||||ended the financial year in a very positive||
|||||||position.||
|||||||It is important<br>to recognise that the||
|||||||impact ofcovid will run through the||
|||||||current financial year and it is important||
|||||||to monitor income closely and protect our||
|||||||reserves position||





|Secure the|level of funding|level of funding|level of funding|required|to meet|to meet|We anticipate the reinstatement<br>of|||
|---|---|---|---|---|---|---|---|---|---|
|the demand|on services||and|support||specific|previous<br>fundraising<br>activities including|||
|service developments.|||||||retail. We will also be exploring<br>new|||
||||||||income generating<br>ideas. To maximise||our|
||||||||income and maintain<br>healthy<br>reserves||we|
||||||||will not be progressing<br>further<br>capital|||
||||||||projects<br>in the short term.|||
|Engage the|newly formed||single CCGto|||secure|There is a great deal ofchange and|||
|an appropriate<br>financial|||contribution||through||uncertainty<br>within the local CCG including|||
|robust commissioning||contracts.|||||the need to appoint<br>a new CEO. We will|||
||||||||be monitoring<br>this to identify<br>new|||
||||||||contacts and establish<br>regular|||
||||||||engagement<br>with the overall<br>aim of|||
||||||||raising the profile and understanding|of||
||||||||the hospice and its place in the local|||
||||||||healthcare<br>economy.|||
|Continue to|invest<br>in|successful income|||||Although<br>the impact on retail generally||is|
|streams<br>such as retail, lottery, and legacies.|||||||still not known there are no indications||to|
|In addition,|explore new||income generating||||change our retail strategy for growth.||We|
|possibilities|including|virtual||activities|||will watch this landscape<br>closely and|||
||||||||progress with caution.<br>Virtual events||in|
||||||||the fundraising<br>area contributed<br>welcome|||
||||||||donations<br>when normal<br>activities could|||
||||||||not be held.<br>Research into new income|||
||||||||streams<br>are progressing.|||



## 



## 



## 

## 

|2020-21Sources ofGroup|2020-21Sources ofGroup|Income|Costof|Income Net|YoofTotal|YoofTotal|
|---|---|---|---|---|---|---|
|Income|||Raising Funds|ofCosts of|Net|Net|
||||E|Generation|Income|Income|
|||||E|2020-21|2019-20|
|Donations|& Legacies|2,756,419|686,388|2,070,031|21Yo|35Yo|
|Shops, Projects, Lottery, Events||2,418,968|2,484,302|(65,334)|(1Yo)|22Yo|
|Total Fundraising<br>Activities||Sr175r387|3,170,690|2,004,697|20Yo|579o|
|Charitable|Activities|3,950,997|0|3,950,997|39Yo|40%|
|Investment|&Other|210,129|42,974|167,155|2Yo|3Yo|
|Covid related grants||3,883,693|0|3,883,693|39Yo|OYo|
|Total||13,220,206|3,213,664|10,006,542|1OOYo|1OOYo|





## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

|Mrs J Beard (Vice-Chair)|Mrs J Beard (Vice-Chair)|(6,3,8)|
|---|---|---|
|Mrs SBroomhead||(5)|
|Mr P Coackley||(1,5)|
|Mr A Cordery|(Chair - retired 9.9.20)|(1,3,4,7,8)|
|Mr P Donohue||(1,6)|
|Mrs AJohnson||(5)|
|Mrs Z Oliver||(1,5,7)|
|Dr D Ryan||(2,4)|
|Mrs B-ATweedie||(2,4)|
|Dr W-J Walton||(2,4)|
|Mr J Wardle||(1,3)|
|Mrs G de Wet|(retired 10.12.20)|(6)|
|Mrs J Whitford|(Chair from 9.9.20)|(1,4,5)|
|Mr FYates||(3,5,9)|



## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 



## 



## 

|Forthe Year En|ded|3|1March 2021||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Funds||||
|||||||General|Designated|Restricted|Total Funds|Total Funds|
|||||||||Funds|||
|||||||2021|2021|2021|2021|2020|
|||||||E|E|E|E|E|
|Income From:|||||Note||||||
|Donations<br>and legacies:|||||||||||
|Donations||||||1,334,292||139,756|1,474,048|1,543,467|
|Legacies||||||1,036,383|||1,036,383|1,822,001|
|Grants from Charitable||Trusts||||128,966||117,022|245,988|641,668|
|||||||2,499,641||266,778|2,766,419|4,007,136|
|Charitable<br>Activities|||||4a|1,909,272||2,041,726|3,950,997|3,714,395|
|Covid Related Grants|||||4b|1,486,611||2,398,182|3,883,693||
|Other trading activities:|||||||||||
|Lottery|||||sa|1,240,438|||1,240,438|1273 195|
|Projects|||||Sb|145,420|||145,420|171,273|
|Shops|||||Sc|903,882|||903,882|3,114,990|
|Fundralsing<br>events|||||Sd|129,228|||129,228|304,972|
|||||||2,418,968|||2,418,968|4,864,430|
|Investments||||||166,044|||166,044|245,838|
|Other||||||44,086|||44,085|75,451|
|Total Income||||||8,623,521||4,696,685|13,220,206|12,907,260|
|Expenditure<br>on:|||||||||||
|Raising Donations,|Legacies and Grants||||9|686,388|||686,388|761,157|
|Other trading<br>activities:|||||||||||
|Lottery|||||Sa,9|350,540|||350,540|415,286|
|ProJects|||||55,9|104,301|||104,301|84,093|
|Shops|||||Sc,9|2,017,447|||2,017,447|2,134,249|
|Fundraising<br>events|||||56,9|12,014|||12,014|92,649|
|Investment<br>management|||costs|||42,974|||42,974|41911|
|Costs of raising funds||||||3,213,664|||3,213,664|3,530,345|
|In patient care||||||1,980,475||2,597,628|4,578,103|4,790,486|
|Day care||||||1,049,907||I04,320|1,154,227|1,191,396|
|Hospice Outreach||||||547,179||410,376|957,555|965,544|
|Hospice at home||||||49,833||1,205,357|1,255,190|1,1L6,705|
|Education<br>and research||||||101,930||22,430|124,360|120,400|
|Hospital services||||||69,612||57,256|126,868|156,246|
|Lymphoedema||||||43,237||70,224|113,461|123,247|
|Social Work & Chaplaincy||||||296,544||1,000|297,544|334 124|
|Expenditure<br>on charitable|||activities|||4,138,717||4,468,691|8,607,308|8,798,148|
|Total expenditure||||||7,362,381||4,468,691|11,820,972|12,328,493|
|Net income for the <br>funds before gains|year and net movements<br> and losses on Investments|||in||1,171,140||228,094|1,399,234|578,767|
|Net gains/(losses)<br>on investments|||||11|2,024,771|||2,024,771|(702,045)|
|Net Income/(expenditure)|||for the year|||3,196,911||228,094|3,424,006|(123,278)|
|Transfers between|funds||||16,<br>17|295,491|(245,962)|(49,529)|||
|Net movement<br>in funds||||||3,491,402|(245,962)|178,565|3,424,005|(123,278)|
|Reconclllotlon offunds:|||||||||||
|Total funds brought|forward|||||9,922,181<br>13,244,478||51,740|23,218,399|23,341,677|
|Total funds carried|forward|||||13,413,683<br>12,998,516||230,306|26,642,404|23,218,399|





## 

||||||||Unrestricted|Unrestricted|Funds||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||General|Designated||Restricted|Total Funds|Total Funds|
|||||||||||Funds|||
||||||||2021||2021|2021|2021|2020|
||||||||E||E|E|E|E|
|Income From:||||||Note|||||||
|Donations<br>and legacies:|||||||||||||
|Donations|||||||1,288,880|||139,756|1,428,636|1,516,600|
|Legacies|||||||1,036,383||||1,036,383|1,822,001|
|Grants from Charitable|||Trusts||||128,966|||117,022|245,988|641,668|
||||||||2,464,229|||266,778|2,711,007|3,9$0,269|
|Charitable<br>Activities||||||4a|1,909,272|||2,041,725|3,950,997|3,714,395|
|Covld Related Grants||||||4b|1,467,133|||2,398,182|3,866,316||
|Other trading activities:|||||||||||||
|Lottery||||||Sa|951,709||||951,709|885,126|
|Projects||||||Sb|44,315||||44,315|89,086|
|Shops||||||Sc|903,882||||903,882|3,114,990|
|Fundra ising events||||||5&I|129,228||||129,228|304,972|
|Total other trading||activities|||||2,029,134||||2,029,134|4,394,174|
|Investments|||||||164,827||||164,827|242,582|
|Other|||||||44,085||||44,086|75,461|
|Total Income|||||||8,068,680|||4,696,685|12,766,366|12,406,8$1|
|Expenditure<br>on:|||||||||||||
|Raising Donations,||Legacies and Grants||||9|686,388||||686,388|761,157|
|Other trading<br>activities:|||||||||||||
|Lottery||||||Sa,9|||||||
|ProJects||||||Sb,9|||||||
|Shops||||||Sc,9|2,017,447||||2,017,447|2,134,249|
|Fundralsing<br>events||||||5(I,9|12,014||||12014|92649|
|Investment<br>management||||costs|||42,974||||42,974|41,911|
|Costs of raising funds|||||||2,758,823||||2,768,823|3,029,966|
|In patient care|||||||1,980,475|||2,597,628|4,578,103|4,790,486|
|Day care|||||||1,049,907|||104,320|1,154,227|1,191,396|
|Hospice Outreach|||||||547,179|||410,376|957,555|965,544|
|Hospice at home|||||||49,833|||1,205,357|1,255,190|1,116,705|
|Education<br>and research|||||||101,930|||22,430|124,360|120,400|
|Hospital services|||||||69,612|||57,256|126,868|156,245|
|Lymphoedema|||||||43,237|||70,224|113,461|123,247|
|Social Work S.Chaplaincy|||||||296,544|||1,000|297,544|334,124|
|Expenditure<br>on charitable||||activities|||4,138,717|||4,468,691|8,607,308|8,798,148|
|Total expenditure|||||||6,897,540|||4,468,691|11,366,131|1C826,114|
|Net income for the <br>funds before gains||year and net movements<br> and losses on investments|||in||1,171,140|||228,094|1,399,234|578,767|
|Net gains/(losses)|on Investments|||||11|2,024,771||||2,024,771|(702,045)|
|Net income/(expenditure)||||for the year|||3,196,911|||228,094|3,424,006|(123,278)|
|Transfers between||funds||||17|295,491||(245,962)|(49,529)|||
|Net movement<br>in|funds||||||3,491,402||(245,962)|178,565|3,424,005|(123,278)|
|Reconciliation offunds. '|||||||||||||
|Total funds brought||forward|||||9,905,155|13,244,478||51,740|23,201,373|23,324,651|
|Total funds carried||forward|||||13,396,667|12,998,616||230,305|26,626,378|23,201,373|





## 

## 

|||||Group|||Charity||
|---|---|---|---|---|---|---|---|---|
|||Note|2021||2020|2021||2020|
|Fixed Assets|||||||||
|Tangible assets||10|12,403,447||10,218,668|12,403,447||10,218,668|
|investments|||8,168,569||6,034,537|8,218,669||6,084,637|
||||20,572,016||16,253,205|20,622,116||16,303,305|
|Current Assets|||||||||
|Stock||12|16,484||14,909||||
|Debtors||13|1,537,674||1,807,112|1,662,721||1,971,464|
|Cash at bank & in hand|||5,813,342||6,341,319|5,415,097||5,904,110|
||||7,367,500||8,163,340|7,077,818||7,875,574|
|Creditors: amounts<br>within one year|falling due|14|(i,290,652)||(1,189,546)|(1,068,096)||(969,005)|
|Net current assets|||6,076,848||6,973,694|6,009,722||6,906,568|
|Total assets less current<br>liabilities||14|26,648,864||23,226,899|26,631,838||23,209,873|
|Creditors: amounts<br>falling due<br>greater than one year||14|(6,460)||(8,500)|(6,460)||(8,500)|
|Total Net assets|||26,642,404||23,218,399|26,625,378||23,201,373|
|The funds ofthe charity:|||||||||
|Restricted funds||15|230,305||51,740|230,305||51,740|
|Unrestricted<br>funds:|||||||||
|Designated<br>funds||16|12,998,516||13,244,478|12,998,5i6||13,244,478|
|General funds||17|13,413,583||9,922,181|13,396,557||9,905,155|
|Total funds|||26,642,404||23,218,399|26,625,378||23,201,373|





|||||Note|2021|2020|
|---|---|---|---|---|---|---|
|Cash flows from operating|activities:||||||
|Net cash provided<br>by operating<br>activities||||23|2,111,807|1,549,207|
|Cash flows from investing|activities:||||||
|Dividends<br>and interest from|||||||
|Investments|||||166,044|245,838|
|Purchase of property,<br>plant|and equipment||||(2,696,568)|(1,996,921)|
|Proceeds from sale of Investments|||||1,620,322|1,653,275|
|Purchase ofinvestments|||||(1,967,496)|(1,507,481)|
|(Increase)/decrease<br>In investment||cash|||237,914|(291,983)|
|Net cash used in investing|activities||||(2,639,784)|(1,897,272)|
|Change<br>in cash and cash equivalents|||in the||||
|reporting<br>period|||||(527,977)|(348,065)|
|Cash and cash equivalents|at the|beginning|||||
|ofthe reporting<br>period|||||6,341,319|6,689,384|
|Cash and cash equivalents|at the|end|of the||||
|reporting<br>period|||||5,813,342|6,341,319|





## 

## 

## 

## 

## 



## 



## 

## 



## 

## 



|4a|Charitable<br>Activities|2021|2020|
|---|---|---|---|
|||f|f|
||NHS income|3,806,527|3,630,441|
||Education<br>income|144,470|83,954|
|||3,950,997|3,714,395|
|4b|Covid related Grants|2021|2020|
|||f|f|
||NHS England grants|2,310,052||
||NHS Wales grants|88,130||
||HMRC Furlough<br>grants|745,183||
||Council grants|740,328||
|||3,883,693||



||||2021|2020|
|---|---|---|---|---|
||||f|f|
|Lottery income|||1,240,438|1,273,195|
|Donations|||42,404|25,857|
|Investment<br>income|||1,029|2,360|
|Covid Related grants|||18,378||
|Total income|||1,302,249|1,301,412|
|Prizes awarded|||(146,400)|(146,400)|
|Staff costs|||(105,042)|(108,349)|
|Other costs|||(99,098)|(161,537)|
|Total expenditure|||(350,540)|(416,286)|
|Net lottery income|||951,709|885,126|
|Gift Aid payments|to|Severn Hospice Limited|(951,709)|(885,126)|
|Retained<br>in subsidiary|||||
|Total assets|||296,746|297,071|
|Totalliabilities|||(290,560)|(290,885)|
|Funds (representing||share capital and reserves)|6,186|6,186|





## 

|reflects its trading||ac|tiv|ities for the year ended 31March|2021.||||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||||||||f|f|
|Projects income|||||||145,420|171,273|
|Donations|||||||3,008|1,010|
|Interest|||||||188|896|
|Total income|||||||148,616|173,179|
|Cost ofgoods sold|||||||(50,711)|(59,831)|
|Operating<br>costs|||||||(53,590)|(24,262)|
|Total expenditure|||||||(104,301)|(84,093)|
|Net trading profit|||||||44,315|89,086|
|Gift Aid payments<br>year||to|Severn Hospice Limited- provisional||amount|due for|(44,315)|(89,086)|
|Retained<br>in subsidiary|||||||||
|Total assets|||||||155,889|155,889|
|Total liabilities|||||||(94,947)|(94,947)|
|Funds (representing|||share capital and reserves)||||60,942|60,942|
|Hospice Shops|||||||2021|2020|
|This is the trading|arm ofSevern Hospice Limited —it is not a separate||||||||
|trading<br>subsidiary||company.|||||||
|Covid related grants|||||||1,264,355||
|Non gift-aided<br>donated||||goods income|||622,061|1,750,720|
|Gift-aided donated||goods income|||||118,239|890,058|
|Gift Aid on donated||goods income|||||79,608|200,855|
|Rag income|||||||35,841|182,722|
|Donations|||||||29,583|60,222|
|Other income|||||||18,550|30,413|
|Total income|||||||2,168,237|3,114,990|
|Staff Costs|||||||(1,218,867)|(1,252,341)|
|Premises maintenance||||and rent|||(378,037)|(465,635)|
|Other costs|||||||(420,543)|(416,273)|
|Totalexpenditure|||||||2,017,447|(2,134,249)|
|Net shops income|||||||150,790|980,741|



|Sc|Hospice Shops<br>This is the trading<br>arm ofSevern Hospice Limited —it is not a separate<br>trading<br>subsidiary<br>company.|
|---|---|





## 

||||2021|||2020||
|---|---|---|---|---|---|---|---|
|||Income|Expenditure|Net Income|Income|Expenditure|Net Income|
||||f||f|f.|f|
|Lights of Love||51,823|(4,615)|47,208|62,766|(6,945)|55,821|
|Dragon Boats|||||57,104|(21,346)|35,758|
|Shropshire|Colour Run||||31,678|(11,073)|20,605|
|London Marathon||43,388|(4,860)|38,528|25,399|(3,960)|21,439|
|Pontesbury|Potter||||14,577|(1,790)|12,787|
|Skydives||18,241|(2,070)|16,171||||
|||113,452|(11,545)|101,907|191,524|(45,114)|146,410|



|6|Investment<br>Income|Investment<br>Income|||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||f|f|
||Dividends<br>receivable|||on shares held|||149,998|187,612|
||Interest receivable||on cash balances||||16,046|58,226|
||||||||166,044|245,838|
|7|Other Income||||||2021|2020|
||||||||f|f|
||Miscellaneous|items||of income received for catering,|insurance|receipts,|44,085|75,461|
||property<br>rental,|wayleaves etc.|||||||





|||||2021|2020|
|---|---|---|---|---|---|
|||||f|f|
|Salaries||||7,401,618|7,439,983|
|Social security costs||||610,163|607,196|
|Pension costs||||488,642|482,613|
|Redundancy|and Settlement|Agreement|costs|6,500|6,926|
|||||8,506,923|8,536,718|



|w:||||||
|---|---|---|---|---|---|
|||2021||2020||
|||Headcount|FTE|Headcount|FTE|
||Admln|25|15|24|14|
|Income|Generation|18|12|25|18|
||Care|316|169|307|180|
||Shops|86|52|85|58|
|||445|248||270|



||||2021|2020|
|---|---|---|---|---|
|f60,000|to f70,000||3|3|
|f70,000|to E80,000||1|1|
|f80,000|tof90,000||1|1|
||||5|5|
|Pension|contributions|relating to those staff earning overf60,000|f36,473|f34,951|





||||||Direct|||Support|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||||Costs|||Costs|2021|2020|
||||||f|||f|f|f|
|Charitable<br>Activities:|||||||||||
|In Patient Care|||||3,272,215||1,305,888||4,578,103|4,790,486|
|Day Care|||||684,183|||470,044|1,154,227|1,191,396|
|Hospice Outreach|||||844,608|||112,947|957,555|965,544|
|Hospice at Home|||||1,076,345|||178,845|1,255,190|1,116,705|
|Education<br>8 Research|||||85,136|||39,224|124,360|120,400|
|Hospital<br>&Community|||Services||126,868||||126,868|156,246|
|Lymphoedema|||||88,099|||25,362|113,461|123,247|
|Social Work gt|Chaplaincy||||254,147|||43,397|297,544|334,124|
|Costs of Raising Funds:|||||||||||
|Donations,<br>Legacies|and Grants||||374,736|||311,652|686,388|761,157|
|Other trading activities|||||||||||
|Hospice Shops|||||1,977,331|||40,116|2,017,447|2,134,249|
|Lottery|||||324,632|||25,908|350,540|416,286|
|Projects|||||102,544|||1,757|104,301|84,093|
|Fundraising|Events||||12,014||||12,014|92,649|
|Investment|Management||||42,974||||42,974|41,911|
|Total Expenditure|||||9,265,832||2,555,140||11,820,972|12,328,493|
|Support costs include:|||||Basis ofAllocation||||||
|Premises<br>gt Catering|||||Floor area, estimated|||time,|||
||||||and cost||||1,289,249|1,158,930|
|Central Services|||||Estimated<br>time||||647,354|514,230|
|Finance|||||Estimated<br>time||||231,434|264,350|
|ITSupport|||||Workstations<br>and||estimated||||
||||||time||||269,770|281,293|
|Vehicles|||||Estimated<br>time|gt|specific||||
||||||costings||||9,591|17,696|
|Governance|||||Estimated<br>time||||107,742|82,161|
||||||||||2,555,140|2,318,660|
|Included<br>within group||expenditure||are:|||||||
|Amounts<br>paid or payable to|||Auditors:||||||||
|External annual||audit|ofaccounts||||||18,300|20,850|
|Other fees payable to|||the Auditors||||||4,393|2,400|
|Depreciation|||||||||505,563|486,306|
|Lease payments|||||||||330,557|407,951|





## 

||||||Direct||Support|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||Costs||Costs|2020|2019|
||||||f||f|f|f|
|Charitable<br>Activities:||||||||||
|In Patient Care|||||3,433,216||1,357,270|4,790,486|4,808,456|
|Day Care|||||769,755||421,641|1,191,396|1,232,061|
|Hospice Outreach|||||885,688||79,856|965,544|942,097|
|Hospice at Home|||||1,044,612||72,093|1,116,705|975,340|
|Education<br>&.Research|||||80,170||40,230|120,400|140,465|
|Hospital<br>&Community||Services|||156,246|||156,246|176,183|
|Lymphoedema|||||93,594||29,653|123,247|108,912|
|Social Work &Chaplaincy|||||293,158||40,966|334,124|334,231|
|Costs of Raising Funds:||||||||||
|Donations,<br>Legacies and Grants|||||525,671||235,486|761,157|778,548|
|Other trading<br>activities||||||||||
|Hospice Shops||||2,119,706|||14,543|2,134,249|1,939,625|
|Lottery|||||390,378||25,908|416,286|434,263|
|Projects|||||83,079||1,014|84,093|72,877|
|Fundraising<br>Events|||||92,649|||92,649|132,388|
|Investment<br>Management|||||41,911|||41,911|36,783|
|Total Expenditure||||10,009,833||2,318,660||12,328,493|12,112,229|
|Support costs include:||||Basis ofAllocation||||||
|Premises &Catering||||Floor area, estimated|||time,|||
|||||and|cost|||1,158,930|1,140,744|
|Central Services||||Estimated<br>time||||514,230|565,760|
|Finance||||Estimated<br>time||||264,350|283,993|
|ITSupport||||Workstations<br>and||estimated||||
|||||time||||281,293|226,966|
|Vehicles||||Estimated<br>time &||specific||||
|||||costings||||17,696|20,796|
|Governance||||Estimated<br>time||||82,161|91,449|
|||||||||2,318,660|2,329,708|
|Included<br>within group|expenditure||are:|||||||
|Amounts<br>paid or payable to Auditors;||||||||||
|External annual|audit ofaccounts|||||||20,850|20,850|
|Other fees payable to the Auditors||||||||2,400|7,685|
|Depreciation||||||||486,306|498,970|
|Lease payments||||||||407,951|385,909|





|Fixed Assets||||||
|---|---|---|---|---|---|
||Freehold|Assets Under|Furnishings<br>&|Vehicles|Total|
||Property<br>f|Construction<br>f|Equipment<br>f|||
|Charity||||||
|Cost||||||
|At 1April 2020|10,365,612|2,096,095|2,772,094|141,921|15,375,722|
|Transfer|2,096,095|(2,096,095)||||
|Additions|2,362,800||333,768||2,696,568|
|Disposals|(6,267)|||(18,120)|(24,387)|
|At 31March 2021|14,818,240||3,105,862|123,801|18,047,903|
|Depreciation||||||
|At 1April 2020|2,909,536||2,109,929|137,589|5,157,054|
|Charge for year|232,463||268,768|4,332|505,563|
|Disposals|(41)|||(18,120)|(18,161)|
|At 31March 2021|3,141,958||2,378,697|123,801|5,644,456|
|Net BookValue||||||
|At 1April 2020|7,456,076|2,096,095|662,165|4,332|10,218,668|
|At 31March 2021|11,676,282||727,165||12,403,447|
|Group||||||
|Cost||||||
|At 1April 2020|10,365,612|2,096,095|2,793,423|141,921|15,397,051|
|Transfer|2,096,095|(2,096,095)||||
|Additions|2,362,800||333,768||2,696,568|
|Disposals|(6,267)|||(18,120)|(24,387)|
|At 31March 2021|14,818,240||3,127,191|123,801|18,069,232|
|Depreciation||||||
|At 1April 2020|2,909,536||2,131,258|137,589|5,178,383|
|Charge for year|232,463||268,768|4,332|505,563|
|Disposais|(41)|||(18,120)|(18,161)|
|At 31March 2021|3,141,958||2,400,026|123,801|5,665,785|
|Net Book Value||||||
|At 1April 2020|7,456,076|2,096,095|662,165|4,332|10,218,668|
|At 31March 2021|11,676,282||727,165||12,403,447|





## 

|||||||||||||The Group|The Group||The Charity|The Charity|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||2021|2020||2021|2020|
|||||||||||||f||f|f|f|
|Listed UK Stock||Exchange||||Investments||||||7,983,569|5,864,537||7,983,569|5,864,537|
|Shares<br>in subsidiary||||companies|||||||||||50,100|50,100|
|Investment<br>Properties||||||||||||185,000|170,000||185,000|170,000|
|||||||||||||8,168,569|6,034,537||8,218,669|6,084,637|
|The investment||property||||was|revalued|||on 31"March||2021at open market||value|by Zaza Johnson|and Bath|
|Estate Agents.|||||||||||||||||
||||||||||||||||Group and Charity||
|(a) Listed UK Stock||||Exchange Investments|||||||||||2021|2020|
||||||||||||||||f|f|
|Market Value|1|April||2020|||||||||||5,415,103|6,262,942|
|Disposals|||||||||||||||(1,620,322)|(1,653,275)|
|Acquisitions|||||||||||||||1,967,496|1,507,481|
|Unrealised<br>gains/(losses)|||||||||||||||156,366|(994,910)|
|Realised gains|||||||||||||||1,853,406|292,865|
|Market value|at|31|March|||2021|||||||||7,772,049|5,415,103|
|Cash held for|investment||||||||||||||211,520|449,434|
||||||||||||||||7,983,569|5,864,537|
|(b) Analysis of||Listed/Discretionary|||||||Fund||||||||
|investments|||||||||||||||2021|2020|
||||||||||||||||f|f|
|Discretionary<br>Williamson||Fund|||managed|||by||Smith|gt||||3,802,349|2,971,320|
|Discretionary|Fund||managed||||by Brewin|||Dolphin|||||4,181,220|2,893,217|
||||||||||||||||7,983,569|5,864,537|
||||||||||||||||Charity||
|(c) Shares in subsidiary|||||companies|||at|cost||||||2021|2020|
||||||||||||||||f|f|
|Hospice Projects||Limited|||||||||||||50,000|50,000|
|Severn Promotions|||Limited||||||||||||100|100|
||||||||||||||||50,100|50,100|





|12|Stocks|||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||Group||Charity|
|||||||2021|2020|2021|2020|
|||||||f|f|f|f|
||Goods purchased||for resale||through|||||
||Hospice|Projects|Limited|||16,484|14,909|||
||Consumable<br>stores|||||||||
|||||||16,484|14,909|||
|13|Debtors|||||||||
||||||||Group||Charity|
|||||||2021|2020|2021|2020|
|||||||f|f|f|f|
||Trade debtors|||||231,862|257,839|231,862|257,052|
||Sundry debtors|||||19,946|19,987|19,946|19,987|
||Amounts|due from||subsidiary|undertakings|||125,047|164,221|
||Legacies|&Covid|grants|||985,236|1,303,326|985,236|1,303,326|
||Prepayments|||||151,473|112,553|151,473|112,553|
||VAT recoverable|||||149,157|113,407|149,157|114,325|
|||||||1,537,674|1,807,112|1,662,721|1,971,464|
|14|Creditors: Amounts|||Falling Due Within One Year||||||
||||||||Group||Charity|
|||||||2021|2020|2021|2020|
|||||||f|f|f|f|
||Trade creditors|||||267,196|270,937|267,180|270,922|
||Taxation|&social|security costs|||141,963|144,354|141,963|144,354|
||Accruals|||||429,741|300,091|418,516|288,654|
||Amounts|due to|subsidiary<br>undertakings|||||57|54|
||Deferred|income||||149,444|186,811|149,444|186,811|
||Other creditors|||||302,308|287,453|90,936|78,211|
|||||||1,290,652|1,189,646|1,068,096|969,006|
||Creditors: Amounts|||Falling Due Greater Than One Year||||||
||||||||Group||Charity|
|||||||2021|2020|2021|2020|
|||||||f|f|f|f|
||Deferred|income||||6,460|8,500|6,460|8,500|
|||||||6,460|8,500|6,460|8,500|





## 

|||||||||||||Amounts|Falling Due|Falling Due|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||Within One|||
|||||||||||||Year|||
|||||||||Balance||||Balance||Greater Than|
|||||||||b/fwd|||New|c/fwd|One|Year Balance|
|||||||||1.4.20|Released||Deferred|31.3.21||c/fwd 31.3.21|
|||||||||f|f||f|f||f|
|Amounts||Falling|Due Within||One|Year|||||||||
|Events income||||||||39,258|37,368|||1,890|||
|Complementary|||Therapy|||||5,500||||5,500|||
|Training|Income|||||||132,000||||132,000|||
|Men's Health project||||||||510||||510|||
|Compassionate|||Communities||fund|||14,500|2,039|||6,001||6,460|
|Hospital|Development|||Fund||||3,543||||3,543|||
|||||||||195,311|39,407|||149,444||6,460|
|Restricted||Funds|||||||||||||
|The Group||and Charity||Funds|for 2020/21 include restricted||||funds|made|up ofthe|following<br>unspent||balances of|
|donations||and grants given for specific|||||purposes.||||||||
|||||||||||||Transfer|||
|||||||||||||to||Balance|
|||||||Balance||||||General||at|
|||||||at 1.4.20||Income||Expenditure||Funds||31.3.21|
||||||||f||f||f|f||f|
|Donations||received for||In|||||||||||
|Patient Care and|||||||||||||||
|Bereavement|||||||3,490|128,055|||124,845|||6,700|
|Donations||received for||the|||||||||||
|Day Units||||||||49,529||||(49,529)|||
|Donations||received for||Living|||||||||||
|Well||||||||2,900|||2,900||||
|Donations||received for||Care|||||||||||
|at Home Services||||||||75,991|||70,591|||5,400|
|CCG funding<br>for specifically|||||||||||||||
|negotiated||services||||48,250||4,439,905||4,269,950||||218,205|
|Hospice Garden||||||||305|||305||||
|||||||51,740||4,696,685||4,468,591||(49,529)||230,305|



## 



|||||||Transfer|Transfer||
|---|---|---|---|---|---|---|---|---|
||||Balance||||to|Balance|
||||at||||General|at|
||||1.4.19<br>f|Income<br>f|Expenditure<br>f||Funds<br>f|31.3.20<br>f|
|Donations|received|for ln|||||||
|Patient Care and|||||||||
|Bereavement|||10,950|136,740|(142,491)||(1,709)|3,490|
|Donations|received|for the|||||||
|Day Units||||44,976|(44,976)||||
|Donations|received|for|||||||
|Living Well|||188,005|552,100||(740,105)|||
|Donations|received|for|||||||
|Care at Home Services||||86,960|(86,960)||||
|CCG funding<br>for specifically|||||||||
|negotiated|services||32,367|1,805,662|(1,789,779)|||48,250|
|Hospice Garden|||7,103|7,205|(4,492)||(9,816)||
||||238,425|2,633,643|(2,068,698)|(751,630)||51,740|
|Unrestricted|Funds||||||||
|The Group and Charity Funds|||for 2020/21 include the following||designated<br>and|general|funds:||
|||||||Resources|||
|||||||To/From|||
||||Balance|New|Utilised/||General|Balance|
||||at 1.4.20|Designations|Released||Funds|at 31.3.21|
||||f|f|f||f|f|
|Group:|||||||||
|Designated|Funds:||||||||
|Capital<br>Fund|||2,398,541||2,398,541||||
|Fixed Asset|Fund||10,218,668|2,672,182|487,402|||12,403,447|
|Energy Susta inability||Fund|145,000||0|||145,000|
|Service Development|||||||||
|Fund|||482,269||32,200|||450,069|
|Total Designated<br>Funds|||13,244,478|2,672,182|2,918,143|||12,998,516|
|Group General<br>Funds|||9,922,181|10,548,292|7,352,381||295,491|13,413,583|
|Total Group|Unrestricted||23,166,659|13,220,474|10,270,524||295,491|26,412,099|
|Charity:|||||||||
|Total Designated<br>Funds|||13,244,478|2,672,182|2,918,143|||12,998,516|
|Charity General<br>Funds|||9,905,155|10,093,451|6,897,540||295,491|13,396,557|
|Total Charity|Unrestricted||23,149,633|12,765,633|9,815,683||295,491|26,395,074|



## 



## 

|||||||||||Resources|Resources||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||To/From|||
||||||Balance||New|Utilised/||General||Balance|
||||||at 1.4.19||Designations|Released|||Funds|at 31.3.20|
||||||E||E||f||E|E|
||Group:||||||||||||
||Designated|Funds:|||||||||||
||Capital<br>Fund||||3,367,538|||(968,997)||||2,398,541|
||Fixed Asset|Fund|||8,708,054||1,996,921|(486,307)||||10,218,668|
||Energy Sustainability|||Fund|145,000|||||||145,000|
||Service Development||||||||||||
||Fund||||500,000|||(17,731)||||482,269|
||Total Designated||Funds||12,720,592||1,996,921|(1,473,035)||||13,244,478|
||Group General<br>Funds||||10,382,660||9,571,572|(10,259,795)||227,744||9,922,181|
||Total Group|Unrestricted|||23,103,252||11,568,493|(11,732,830)||227,744||23,166,659|
||Charity:||||||||||||
||Total Designated||Funds||12,720,592||1,996,921|(1,473,035)||||13,244,478|
||Charity General<br>Funds||||10,365,634||9,071,193|(9,759,416)||227,744||9,905,155|
||Total Charity|Unrestricted|||23,086,226||11,068,114|(11,232,451)||227,744||23,149,633|
|17|Allocation|of Group||Net Assets between||Funds|||||||
||||||||2021||||2020||
||||||Unrestricted||Restricted|Total|Unrestricted||Restricted|Total|
||||||Funds||Funds|||Funds|Funds||
|||||||f|f|f||f|f||
||Fund balances at 31|||March|||||||||
||are represented||by:||||||||||
||Tangible|fixed|assets||12,403,447|||12,403,447|10,218,668|||10,218,668|
||Investments||||8,168,569|||8,168,569|6,034,537|||6,034,537|
||Current assets||||7,137,195||230,305|7,367,500|8,111,600||51,740|8,163,340|
||Creditors <br>year|due|within one||(1,290,652)|||(1,290,652)|(1,189,646)|||(1,189,646)|
||Creditors <br>than one|due <br> year|greater||(6,460)|||(6,460)||(8,500)||(8,500)|
||Total Net Assets||||26,412,099||230,305|26,642,404|23,166,659||51,740|23,218,399|





## 

||2021|2020|
|---|---|---|
||E|E|
|Within 1year|240,600|303,008|
|Between 2 and 5years|325,575|669,978|
|Over 5years to end of lease term||78,000|
||566,175|1,050,986|



## 

## 

## 

## 

## 



|||||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2021|2020|
|||||||||||f|f|
|Net Income/(expenditure)<br>for the||||||reporting|period (as per the|||3,424,005|(123,2'78)|
|statement|offinancial<br>activities)|||||||||||
|Adjustments||for:||||||||||
|Depreciation||charges||||||||505,563|486,306|
|Dividends,<br>interest,||||and rents from||investments||||(166,044)|(245,838)|
|(Gains)/losses||on investments||||||||(2,024,771)|702,045|
|Loss/(profit)||on sale||offixed assets||||||||
|(Increase)in||stocks||||||||(1,575)|(3,805)|
|Decrease<br>in|debtors|||||||||269,438|538,161|
|Increase<br>in|creditors|||||||||105,191|195,616|
|Net cash provided|||by operating||activities|||||2,111,807|1,549,207|
|Analysis ofchanges|||in net funds|||||||||
|||||||||||Other|Balance|
||||||||Balance|||non-cash|at 31.3.20|
|||||||at 1.4.20||Cash|flows|changes|f|
||||||||f||f|f||
|Cash and bank||||||6,341,319||(527,977)|||5,813,342|



## 



## 

||||||Unrestricted|Funds|||
|---|---|---|---|---|---|---|---|---|
||||||General|Designated|Restricted|Total Funds|
||||||2020|2020|2020|2020|
||||||E|E|6|E|
|Income From:|||||||||
|oonatlons<br>and legacies:|||||||||
|Donations|||||1,398,991||144,476|1,543,467|
|Legacies|||||1,733,663||88,338|1,822,001|
|Grants from Charitable||Trusts|||46,500||595,168|641,668|
||||||3,179,154||827,982|4,007,136|
|Charitable<br>Activities|||||1,939,484||1,774,911|3,714,395|
|Other trading activities:|||||||||
|Lottery|||||1,273,195|||1,273,195|
|Projects|||||171,273|||171,273|
|Shops|||||3,114,990|||3,114,990|
|Fundraising<br>events|||||304,972|||304,972|
||||||4,864,430|||4,864,430|
|Investments|||||245,83&|||245,838|
|Otherlncome|||||44,711||30,750|75,461|
|Total Income|||||10,273,617||2,633,643|12,907,260|
|Expenditure<br>on:|||||||||
|Raising Donations,|Legacies and Grants||||761,157|||761,157|
|Other trading activities:|||||||||
|Lottery|||||416,286|||416,286|
|Projects|||||84,093|||&4,093|
|Shops|||||2,134,249|||2,134,249|
|Fundraislng<br>events|||||92,649|||92,649|
|Investment<br>management|||costs||41,911|||41,911|
|Costs of raising funds|||||3,530,345|||3,530,345|
|In patient care|||||4,566,306||224,180|4,790,486|
|Day care|||||1,038,833||152,563|1,191,396|
|Hospice Outreach|||||555,166||410,378|965,544|
|Hospice at home|||||43,440||1,073,265|1,116,705|
|Education<br>and research|||||44,&39||75,561|120,400|
|Hospitalservices|||||93,720||62,526|156,246|
|Lymphoedema|||||53,022||70,225|123,247|
|Social Work gr Chaplaincy|||||334,124|||334,124|
|Expenditure<br>on charitable|||activities||6,729,450||2,068,698|8,798,148|
|Total expenditure|||||10,259,795||2,068,698|12,328,493|
|Net income for the year and net movements<br>funds before gains and losses on Investments||||In|13,822||564,945|578,767|
|Net (losses)/gains|on investments||||(702,045)|||(702,045)|
|Net (expenditure)/Income|||for the year||(68&,223)||564,945|(123,278)|
|Transfers<br>between|funds||||227,744|523,886|(751,630)||
|Net movement<br>in|funds||||(460,479)|523,886|(186,685)|(123,278)|
|Reconciliation offunds:|||||||||
|Total funds brought forward|||||10,382,660|12,720,592|238,425|23,341,677|
|Total funds carried|forward||||9,922,181|13,244,478|51,740|23,218,399|