2021-03-31-accounts - Paul Sartori Foundation Limited

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			Page
Reference and Administrative	Details
Report ofthe Trustees		2	to	15
Report ofthe Independent Auditors		16	to	18
Statement ofFinancial Activities			19
Salance Sheet		20	to	21
Cash Flow Statement			22
Notes to the Financial Statements		23	to	38
Detailed Statement ofFinancial	Activities	39	to	41

TRUSTEES	RRaymond
	SAlderman
	EMozdiak
	C Clewett (resigned 30.9.20)
	PThompson	MBE
	D Evans - Vice Chair
	PLister - Chair
	FMackintosh	- Deputy	Vice Chair
	I Gravell
	JTomlin (appointed 30.9.20)
	D D Homes	(appointed	1.10.20)
COMPANY SECRETARY	SDade
REGISTERED OFFICE	Paul Sartori House
	Winch Lane
	HAVERFORDWEST
	Pembrokeshire
	SA61 IRP
REGISTERED COMPANY	01660450
NUMBER
REGISTERED CHARITY	513079
NUMBER
AUDITORS	Ashmole and	Co.
	Chartered Certified Accountants			and Statutory
	Auditors
	Williamston	House
	7Goat Street
	Havcrfordwest
	Pembrokeshire
	SA61 IPX
BANKERS	Lloyds TSB
	7Victoria Place
	Haverfordwest
	Pembrokeshire
	SA61 2JZ

45	active clinical thun members worked across seven clinical services	active clinical thun members worked across seven clinical services	active clinical thun members worked across seven clinical services	active clinical thun members worked across seven clinical services
17,751	hours ofcare were provided through day or night	respite
380	referrals received by the hospice at home service
1,160	items ofequipment delivered
59	clients (18staff and volunteers) received complementary therapy			support
261	adults accessed the counselling and bereavement	servii'e
12	under 18year old accessed the anticipatory grief	and bereavement		service
47	patients were supported through the physiotherapy	service
115	people were refernxI to the Advance Care and Future Planning		service
968	patients accessed one or more ofthe Paul Sartori	Foundation	clinical services

						31.3.21	31.3.20
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	f			f
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	389,910	13339	403,149	583,535
Charitable acthities			5
Palliative Care				287,060	405,809	692,869	358,260
Other trading activities			3	503,845		503,845	1,048342
Investment income			4	9,324		9,324	4,042
Other income			6	585,853		585,943	2,648
Total				1,775,992	419,138	2,195,130	1,996, 27
EXPENDITURE ON
Raising funds			7	907,644	4,972	912,616	866,633
Charitable activities			8
Palliative Care				633,087	412,137	1,045324	1,041,740
Total				1,540,731	417,109	1,957,840	1,908,373
NET INCOME				235,261	2,029	237,290	88354
Transfers between funds			19	(50,002)	50,002
Net movement in funds				185,259	52,031	237,290	88,354
RECONCILIATION	OF FUNDS
Total funds brought forward				1,835,350	18,972	1,854,322	1,765,968
TOTAL FUNDS CARRIED FORWARD				2,020,609	71,003	2,091,612	1,854,322

					31.3.21	31.3.20
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	f		f
FIXEDASSETS
Tangible assets		14	696,321		696,321	698,409
CURRENT ASSETS
Stocks		15	3,069		3,069
Debtors		16	204,266	8,658	212,924	139,075
Cash at bank and in hand			1,283,263	62,345	1,345,608	1,148,832
			1,490,598	71,003	1,561,601	1,287,907
CREDITORS
Aniounts falling due within	one year	17	(160,375)		(160,375)	(124,962)
NET CURRENT ASSETS			1,330,223	71,003	1,401,226	1,162,945
TOTAL ASSETSLESS~
LIABILITIES			2,026,544	71,003	2,097,547	1,861,354
PROVISIONS FOR LIABILITIES		18	(5,935)		(5,935)	(7,032)
NET ASSETS			2,020,609	71,003	2,091,612	1,854,322
FUNDS		19
Unrestricted funds					2,020,609	1,835,350
Restricted funds					71,003	18,972
TOTAL FL74DS					2,091,612	1,854,322

					31.3.21	31.3.20
				Notes		f
Cash flows from operating		activities
Cash generated fiom operations				21	227,007	266,919
Net cash provided by operating activities					227,007	266,919
Cash flows from investing		activities
Purchase oftangible fixed	assets				(39,555)	(26,074)
Interest received					9,324	4,042
Net cash used in investing	activities				(30,231)	(22,032)
Change io cash and cash	equivalents		in
the reporting period					196,776	244, 887
Cash aml cash equivalents		at tbe
beginalng ofthe reporting		period			1,148,832	903,945
Cash and cash equivalents		at the end	of
the reportiag period					1,345,608	1,148,832

DONA	TIO	NS AND LEGACIES
			31.3.21	31.3.20
			f	f
Donations		and gttts	315,304	312,345
Covenanted		income	8,248	7,402
Gill aid			39,936	42,201
Legacies			(3,090)	190,404
Grants			42,751	31,172
Sundry	income			11
			403,149	583,535

				31.3.21	31.3.20
				f
PAYS				2,479
Pembrokeshire CC Workways				3,823
Oakdale Trust				1,000
Sir Jules Thorn Charitable	Trust			5,000
Albert Hunt Trust				10,000
Tesco Bags for Help				500	8,000
Mark Benevolent fund					3,900
Frognal Trtxvt					4,000
Caring Communities Innovation			Grant		1,523
Persimmon Homes				1,000	5,340
Stock Exchange Veterans	Society				500
Lynn Foundation					500
South Hook LNG					1,311
Hospital Snturday Fund -Oral Care					2,000
Sports Lottery					1,127
Co-op Local Community	Fund			1,838
HDH Wills 1965Charitable		Trust		500
Souter Charitable Trust				3,000
Ecclesiastical Movement	for	Goods		1,000
Nolan Charity Fund				2,611
Gwendoline and Margaret	Davies		Charity	3,000
Peter &Teresa Hanis Charitable			Trust	2,000
Edward Gostling Foundation				5,000
				42,751	31,172

3.	OTHER TRADING AC	T	IV	ITIES
							31.3.21	31.3.21	31.3.20	31.3.20
										f
	Fundraising income						3,785		88370
	Lottery income						4,613		4,604
	Sponsorship income						625		2,700
	Room hire and rent income						24,900		4,254
	Total fundmising income							33,923		99,828
	Merchandise sales						12,159		14,180
	Shop income					321,807			818,734
	E~ommerce income					135,956			115,500
	Total shop and merchandise		sales					469,922		948,414
	Total income &om other trading activities							503,845		1,048342
4.	INVESTMENT INCOME
									31.3,21	31.3.20
										f
	Deposit account interest								9,324	4,042
	All ofthe income arising from			the above sources		is	considered	to be for unrestricted	purposes.
5.	INCOME FROM CHARITABLE ACTIVITIES
									31.3.21	31.3.20
				Activity					f
	Service level agreements			Palliative	Care				242,218	292,180
	vYG palliative care funding			Palliative	Care					25,647
	Grants			Palliative	Care				450,651	40,433
									692,869	358,260
	Grants received, included	in	the above, are as follows:
									31.3.21	31.3.20
									f	f
	Big Lottery Grant								77,702
	South Pembrokeshire GP Cluster funding									1?,433
	End ofLife Care Board								304,027	28,000
	Green Circular Fconomy								64,083
	PCC Enhancing Pembrokeshire			Gmnt					4,839
									450,651	40,433

					31.3.21	31.3.20	31.3.20
					f	f
Clinical training					90	2,648
Covid rates grants					383,000
JRSgrant					101,701
Care Workers bonus					20,651
Covid SSP					329
Insurance claim					80,172
					585,943	2,648
RAISING FUNDS
Raising donations		and legacies
					31.3.21	31.3.20
					f	f
Staffcosts					17,847	15336
Travelling					190		659
Depreciation					2,352	~ 599
					20,389	18,594
Other trading activities
			31.3.21	31.3.21	31.3.20	31.3.20
			f.	f		f
Purchases			282		1,978
Staffcosts			68,928		59,447
Fundraising expenses			6,223		49,937
Volunteer expenses			232		585
Travelling			147		659
Total fundraising	expenses			75,813		112,606
Shop purchases			5,871		8,108
Upcycling charges			2,232
Shop staff costs			319,578		269,262
E-commerce sndf	costs		61,104		48222
Other shop expenses			72,960		90,305
Shop and container		rents	221,478		177,521
Fundraising expenses			2,343		273
Volunteer expenses			1,167		5,742
Van expenses			34,786		36,719
Travelling			3,559		4,284
E-commerce costs			34,706		33,506
Depreciation			6,623		6,210
Total shop expenses				766,406		680,152
Support costs				50,008		55281
Total expenditure	on other trading activities			892251		848,039

RAISING FUNDS - continued
Aggregate amounts		912,616	866,633
CHARITABLE ACI'IYITIES COSTS
		Support
	Direct	costs (see
	Cosm	note 9)	Totals
	f	f.
Palliative Care	941,534	103,690	1,045324
SUPPORT COSTS
		Governance
	Management	costs	Totals
	f		f.
Other trading activities	45,314	4,694	50,008
Palliative Care	94,300	9,390	103,690
	139,614	14,084	153,698

							31.3.21	313.20
					Other
					trading	Palliative	Total	Total
					activities	Care	actlvltlcs	activities
					f	f	f	f
Wages					18,515	37,030	55,545	57288
Social securtty					1,686	3,371	5,057	5,047
Pensions					462	924	1,386	1,410
Other operating		leases			424	849	1,273	1,282
Rates and	water				146	293	439	493
hlsllrancc					4,623	9,246	13,869	10,793
Light and	heat				3,122	6245	9,367	10,251
Telephone	and internet				2,878	6,647	9,525	6,304
Printing, stationery,			postage	and advertising	1,071	5,300	6,371	7,703
Subscriptions					300	608	908	583
Repairs and renewals					1,132	2,383	3,515	4,591
Computer	costs				7,162	15,537	22,699	15,470
Garden upkeep					160	321	481	432
Cleaning	and waste		collection		2,263	4,525	6,788	6,274
Travelling					7	13	20	5,727
Sundry expenses					206	453	659	785
Bank and	credit	card	charges		1,036	315	1,351	705
Remeasurement		ofpension provision			68	135	203	(191)
Unwinding	ofpension discount factor				53	105	158	108
					45,314	94300	139,614	135,055

SUPPORT COSI'S - Governance costs	continued
					31.3.21	313.20
		Other
		trading	Palliative		Total	Total
		activities	Care			activities
		f,	f			f.
Wages		2,057	4,	115	6,172	5,644
Social security		187		375	562	540
Auditors' remuneration		2,046	4,091		6,137	6,225
Auditors' remuneration	for non audit woik	400		800	1,200	2,034
AGM Costs						38
Professional fees					13	6,959
Trustee expenses						2,356
		4,694	9,390		14,084	23,796
NKT INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated aher charging/(crediting):
					31.3.21	31.3.20
						f
Auditors' remuneratior:					6,137	6,225
Other assurance services					1,200	2,034
Depreciation -owned assets					39,722	42,859
Other operating leases					1,273	1,282
Deficit on disposal offixed assets					1,921	1,436
Auditors remuneration	for other services				5,462	3,523

STAF	F COSTS
		31.3.21	31.3.20
Wages	and salaries	1,250,178	1,163,295
Social	security costs	78,824	78,262
Other	pension costs	25,820	29,593
		1,354,822	1,271,150

				313.21	31.3.20
Hospice Administrator				I	I
Administration				3	3
Marketing, Fundraising	dc Retail			28	23
Nurses &Carers				46	46
				78	73
The number offull-time	equivalent	employees	during the year was as follows:
				31.3.21	31.3.20
Hospice Administrator				I	I
Administration				3	3
Marketing, Fundraising	dt Retail			24	20
Nurses 6k Carers				27	26
				55	50

	Notes to the Financial Statements -contlaued for the Year Ended 31March 2021	Notes to the Financial Statements -contlaued for the Year Ended 31March 2021	Notes to the Financial Statements -contlaued for the Year Ended 31March 2021	Notes to the Financial Statements -contlaued for the Year Ended 31March 2021	Notes to the Financial Statements -contlaued for the Year Ended 31March 2021
13.	COMPARATIVES FORTHE STATEMKNT OF FINANCIAL ACTIVITIES -31MARCH					2020
				Unrestricted	Restricted	Total
				funds	funds	funds
				f	8	6
	INCOME AND ENDOWMENTS		FROM
	Donations and legacies			574,904	8,631	583,535
	Charitable activities
	Palliative Care				358,260	358,260
	Other trading activities			1,048,242		1,048342
	inveslment income			4,042		4,042
	Other income			505	2,143	2,648
	Total			1,627,693	369,034	1,996,727
	EXPENDITURE ON
	Raising funds			865,789	844	866,633
	Charitable activities
	Palliative Care			680,943	360,797	1,041,740
	Total			1,546,732	361,641	1,908,373
	NKT INCOME			80,961	7,393	88,354
	Transfers between funds				(72,600)
	Net movement in funds			153,561	(65,207)	88,354
	RECONCILIATION	OF FUNDS
	Totalfunds broughtforward			1,681,791	84,177	1,765,968
	TOTAL FUNDS CARRIED FORWARD			L835352	18,970	1,854,322

TANGIBLE FIXEDASSETS
		Freehold	Nursing	Office
		property	equipment	equipment
		f,	f
COST
At 1 April 2020		621,528	144,960	119,906
Additions		20,044	12,531	1,716
Disposals			(4,802)
At 31Match 2021		641,572	152,689	121,622
DEPRECIATION
At I April 2020		37,239	98,623	91,426
Charge for year		12,716	11,462	6,631
Eliminated on disposal			(2,881)
At 31March 2021		49,955	107,204	98,057
NET BOOK VALUE
At 31March 2021		591,617	45,485	23,565
At 31March 2020		584,289	46,337	28,480
	Fixtures
	and	Motor
	fittings f	vehicles	Website	Totals f
COST
At 1 April 2020	43,128	44,697	2,520	976,739
Additions	5,264			39,555
Disposals				(4,802)
At 31March 2021	48,392	44,697	2,520	1,011,492
DEPRECIATION
At 1 April 2020	22,648	27,061	1,333	278,330
Charge for year	5,149	3,527	237	39,722
Eliminated on disposal				(2,881)
At 31March 2021	27,797	30,588	1,570	315,171
NET BOOK VALUE
At 31Match 2021	20,595	14,109	950	696,321
At 31March 2020	20,480	17,636	1,187	698,409

15.	STOCKS
					31.3.21	31.3.20
					f	f
					3,069
16.	DEBTORS:AMOUNTS FALLING			DUE WITHIN ONK YEAR
					31.3.21	31.3.20
	Other debtors				175,860	95,368
	Tax due on donations		and tnvestment	income	1,458	13,831
	VAT				5,924	6,504
	Prepaid expenses				29,682	23372
					212,924	139,075
17.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONK YEAR
					31.3.21	31.3.20
					f	f
	Sundry creditors				17,061	27,805
	Social security	snd other taxes			19,870	18,343
	Other creditors				5,133	19,866
	Accrued expenses				49,402	14,693
	Deferred income				68,909	44455
					160,375	124,962
18.	PROVISIONS	FOR	LIABILITIES
					313.21	313.20
						f
	Pension deficit	provision			5,935	7,032

					31.3.21	31.3.20
Provision at	start	ofperiod			7,032	8,531
Unwinding	ofthe discount		factor (interest expense)		158	108
Deficit contributions paid					(1,458)	(1,416)
Remeasurements		- impact	ofchange	in assumptions	203	(191)
Provision at	end ofperiod				5,935	7,032
Income and	expenditure		impact:
					31.3.21	31.3.20
					f.
Interest expense					158	108
Remeasurements		- impact	ofchange	in assumptions	203	(191)
					361	(83)
Assumptions
					31.3.21	1.3.20
					Oj'	0/
Rate ofdiscount					0.66	2.53

MOVEMEN	T IN FUNDS
			Net	Transfers
			movemeni	between	At
		At 1.4.20	in funds	funds	31.3.21
		f	I	f,
Unrestricted	funds
Generalfund		1,835,350	235,261	(50,002)	2,020,609
Restricted funds
Restricted funds		18,972	2,029	50,002	71,003
TOTAL FUNDS		1,854,322	237,290		2,091,612
Net movement	in funds, included	in the above are as follows.
			Incoming	Resources	Movement
			resources	expended f	in funds f.
Unrestricted	funds
General fund			1,775,992	(1,540,731 )	235,261
Restricted funds
Resxrtcted funds			419,138	(417,109)	2,029
TOTAL FUNDS			2,195,130	(1,957,840)	237,290

						Net	Transfem
						movement	between	At
				At 1.4.19		in funds	fund'	31.3.20
				f		f	f
Unrestricted funds
General fund				1,681,791		80,959	72,600	1,835,350
Restricted funds
Resxricted funds				84,177		7,395	(72,600)	18,972
TOTAL FUNDS				1,765,968		88,354		1,854,322
Comparative nm movement		in funds, included	in the above are as follows:
						lncomiag	Resources	Movement
						resources	expended	in funds
								f.
I,'urestricted funds
General fund					1,627,693		(1,546,734)	80,959
Restricted funds
Restricted funds						369,034	(361,639)	7,395
TOTAL FUNDS					1,996,727		(1,908,373)	88354
A current year 12months	and prior year 12months			combined	position	is as follows:
						Net ~	Transfers
						movement	between	At
				At 1.4.19		in funds	funds	31.3.21
						f	f	f
Unrestricted funds
General fund				1,681,791		316,220	22,598	2,020,609
Restricted funds
Re~xrtcted funds				84,177		9,424	(22,598)	71,003
TOTAL FUNDS				1,765,968		325,644		2,091,612

	Incoming	Resources	Movement
	resources	expended	in funds
	f.
Unrestricted funds
General fund	3,403,685	(3,087,465 )	316,220
Restricted funds
Restricted funds	788,172	(778,748)	9,424
TOTAL FUNDS	4,191,857	(3,866,213)	325,644

			At
Restricted	fund		313.21 f	Description,	nature and purpose of			fund
Advance Care Planning		Projects	17,868	Grant funding		remaining for projects		supporting
				advance care	planning
Restricted	grant funds		49,061	Grant funding		for the creation ofare-use network
				and installation		ofsolar panels	unspent	at the year
				end
Restricted	donations		4,074	Donations provided to purchase			specialist nursurg
				equipment
			71,003

RECONCILIATION	RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM	OF NET INCOME TO NET CASH FLOW FROM	OPERATING ACTIVITIES	OPERATING ACTIVITIES
				31.3.21	31.3.20
				f	f
Net income for the	reporting		period (as per the Statement ofFinancial
Activities)				237,290	88.354
Adjustments for:
Depreciation charges				39,723	42,859
Loss on disposal of	lixed assets			1,921	1,436
interest received				(9,324)	(4,042)
tncrcasei(Decrease)	in	provisions		(1,097)	(1,499)
Increase in stocks				(3,069)
Gncrease)/decrease	in	debtors		(73,849)	127,611
Increase in creditors				35,412	12300
Net cash provided	by	operations		227,007	266,919

ANALYSIS OFCHANGES IN NET FUND	S
	At 1.4.20	Cash flow	At 31.3.21
	f		f
Net cash
Cash at bank and in hand	1,148,832	196,776	1,345,608
	1,148,832	196,776	1,345,608
Total	1,148,832	196,776	1,345,608

		for the Year Ended 31	March 2021
			31.3.21	31.3.20f
INCOME AND ENDOWMENTS
Donations sad legacies
Donations and gifts			315,304	312,345
Covenanted income			8,248	7,402
Gih aid			39,936	42201
Legacies			(3,090)	190,404
Grants			42,751	31,172
Sundry income				11
			403,149	583,535
Other trading activities
Fundraising income	and merchandise	sales	15,944	102,450
Shop income			321,807	818,734
Lottery income			4,613	4,604
Sponsorship			625	2,700
E-commerce income			135,956	115,500
Rocm hire and rent	income		24,900	4,254
			503,845	1,048442
Investment income
Deposit account interest			9,324	4,042
Charitable activities
Service level agreements			242,218	292,180
WG palliative care funding				25,647
Grants			450,651	40,433
			692,869	358,260
Other income
Cfinicaf training			90
Covid rates grants			383,000
JRSgrant			101,701
Care Workers bonus			20,651
Covid SSP			329
Insurance claim			80,172
			585,943
Total incoming resources			2,195,130	1,996,727
EXPEM)ITURE
Raising donations	snd legacies
Wages			16,514	14307
Socis!security			1,032	784
Carriof forward			17,546	15,091

		for the Year Ended 3	1March 2021
			31.3.21	31.3.20
			f.
Raising donations	and	legacies
Brought forward			17,546	15,091
Pensions			301	245
Travelling			190	659
Depreciation oftangible		fixed assets	2,352	2,599
			20,389	18,594
Other trading activities
Merchandise purchases			8,385	10,086
Wages			418,482	348,705
Social security			24,360	22319
Pensions			6,768	5,907
Other shop expenses			72,960	90,305
Fundraising expenses			8,426	50,210
Shop and container	rents		22 1-,478	177—,521
Volunteers expenses			1,399	6,327
Van expenses			34,786	36,719
Travelliug			3,706	4,943
E-Commerce costs			34,846	33,506
Depreciation oftangible		fixed assets	6,623	6,210
			842,219	792,758
Charitable activities
tVages			753,465	737,351
Social security			47,813	49,572
Pensicns			17,365	22,031
Travelling expenses			40,421	53,133
Education and training			4,871	7,322
Nursing consumables			1,391	4,148
Complementary therapy		consumables	1,030	612
Van expenses			4,317	3,994
ttecruitment costs			63	255
Health and safety k	HR	costs	14,606	7,863
Payroll fees			5,462	3,523
Nursing equipment	repairs		15,151	7,744
Stuff uniform			1,008	1,690
Volunteer expenses			1,200	1,418
Nursing sundry expenses				193
Misc counselling costs			702	1,835
Depreciation oftangible		fixed assets	30,748	34,050
Loss on sale oftangible fixed assets			1,921	1,436
			941,534	938,170
Support costs
Maaagement
Wages			55,545	57,288
Social security			5,057	5,047
Pensions			1,386	1,410
Cerned forward			61,988	63,745

				for the Year Ended 31M	arch 2021
					31.3.21f	31.3.20
Management
Brought forward					61,988	63,745
Other operating	leases				1,273	1,282
Rates and water					439	493
Insurance					13,869	10,793
Light and heat					9,367	10451
Telephone and internet					9,525	6,304
Printing, stationery,		postage		and advertising	6,371	7,703
Subscriptions					908	583
Repairs and rerewals					3,515	4,591
Computer costs					22,699	15,470
Garden upkeep					481	432
Cleaning aml waste collection					6,788	6,274
Travelling					20	5,727
Surdry expenses					659	785
Bank and credit	card	charges			1,351	705
Reraeasurement	ofpension provision				203	(191)
Utrwinding ofpension			discount factor		158	108
					139,614	135,055
Governs ace costs
Wages					6,172	5,644
Social security					562	540
Auditcrs' remuneration					6,137	6,225
Auditors' remuneration			for non audit worl:		1,200	2,034
AGhl Costs						38
Professional fees					13	6,959
Trustee expenses						2,356
					14,084	23,796
Total resourcm expended					1,957,840	1,908,373
Net income					237,290	88,354