2021-03-31-accounts



  

  

 



 



  

 

  

• 

• 

• 

• 

• 

• 



     

   

     



      



•      

 

   





     





  

  



    

      

     

    



  



  



          

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
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


  
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 



  

    



  

   

    



    

  

  

 

    



     

            

 

 



       



   

 



     

   

  

  



 



    

   



  

   

   

 



     

    

   



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    

   

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 

The Five Towns Plus Hospice Fund Limited

Charity information

Charity name

Working name

The Five Towns Plus Hospice Fund Limited

The Prince of Wales Hospice

Charity registration number

Company registration number

Registered office

514999 01797810

The Prince of Wales Hospice, Halfpenny Lane, Pontefract, WF8 4BG

Trustees

Mr G Tollefson (Chair) Mrs S Cheseldine Mrs A Gleed MBE Mr D Hayes Mr M Izon Mr B S Parkes Dr R E Roche (Deputy Chair) Mr A C Wearing (Treasurer) Dr P Earnshaw Miss K Snow

&

Governance ( Clinical Governance

Senior management team

Mr D M Stewart Mrs A J Darley

Mrs J E Schofield Dr H A Pearse Mrs S Calvert Mrs L Hamer Mrs S Batty

Chief Executive and Company Secretary Deputy Chief Executive and Head of Estates and Facilities Manager Head of Clinical Services Medical Director Head of Finance Head of Human Resources Head of Income Generation

Auditors

Garbutt & Elliott Audit Limited Chartered Accountants Triune Court, Monks Cross Drive York, YO32 9GZ

Bankers

Yorkshire Bank plc Ropergate, Pontefract, WF8 1LQ

COIF Charity Fund Senator House, 85 Queen Victoria Street, London, EC4V 4ET

Solicitors

Hartley & Worstenholme 20 Bank Street, Castleford, WF10 1JD

Wrigleys Solicitors LLP 19 Cookridge Street Leeds LS2 3 AG

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 

The Five Towns Plus Hospice Fund Limited

Report of the Trustees for the year ended 31 March 2021

The Trustees present their annual report, which also meets the requirements of a Directors Report for the purposes of Company Law, together with the audited consolidated financial statements of the charity and its subsidiaries for the year ended 31 March 2021.

The reference and administrative information set out on page 1 forms part of this report. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Structure, governance and management

The Company is limited by guarantee and is governed by its Memorandum and Articles of Association as adopted at its Annual General Meeting on 12 November 2015. It is registered as a charity with the Charity Commission. The Five Towns Plus Hospice Shops Ltd, is a wholly owned subsidiary.

The Directors of the Company are listed on page 1 and are known as the Board of Trustees. Trustees who were such when the Memorandum and Articles of Association were adopted at its Annual General Meeting on 12 November 2015 must seek re-appointment at the Annual Trustees' Meeting at the end of each threeyear period. All Trustees appointed after that date may serve no more than three terms of office of three years each (either consecutively or in total) up to the age of 75 unless they are invited to continue by all (i.e. 100%) of the remaining Trustees. Trustees appointed before that date are, if appropriate, reappointed by the Board at the end of each three-year term and for these Trustees there is no upper limit to the period served. Therefore the maximum term of service for some Trustees exceeds the 9 years recommended by the Charity Governance Code. However, the Board of Trustees have agreed that a longer maximum term of service is more appropriate for a local service delivery charity like the Hospice and enables it to achieve the optimum balance of skills and experience on the Board.

The Trustees meet at least four times a year. There are Board sub-committees covering clinical governance, corporate risk and governance strategic steering group all of which report to the Board. Appropriate members of the senior management team are present at the meetings of the Board sub-committees. A Chief Executive is appointed by the Trustees to manage the day-to-day operations of the charity. To facilitate the effective operation of the Hospice and its subsidiary company, the Chief Executive has delegated authority for all operational matters.

The Board continued to consider its composition and effectiveness. The Hospice has a full induction programme for newly appointed Trustees and all Trustees are appraised. Trustees are encouraged to attend appropriate external training events when these will facilitate the undertaking of their role.

The Charity is a member of Hospice UK. Members of the senior management team regularly meet with their peers in other hospices in Yorkshire and the Humber to support each other and to share good practice.

Objects and activities

The objects of the Charity, as set out in the Articles of Association adopted on 12 November 2015, are:

to promote the relief of sickness by such charitable means as the Charity shall from time to time think fit and to provide support to the families and carers of those in need by reason of ill health; and to relieve those in need by reason of ill health and/or age through the establishment and maintenance of a care home with nursing.

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The Five Towns Plus Hospice Fund Limited

Report of the Trustees for the year ended 31 March 2021

The principal activity of the Charity is the provision of effective, supportive and professional hospicebased specialist palliative care. Palliative care is a key component of end-of-life care which is defined by the National Institute for Health and Care Excellence (NICE) as:

‘The active holistic care of patients with advanced progressive illness. Management of pain and other symptoms and provision of psychological, social and spiritual support is paramount. The goal of palliative care is achievement of the best quality of life for patients and their families. Many aspects of palliative care are also applicable earlier in the course of the illness in conjunction with other treatments.’

Palliative care aims to:

affirm life and regard dying as a normal process

• provide relief from pain and other distressing symptoms integrate the psychological and spiritual aspects of patient care offer a support system to help patients live as actively as possible until death

• offer a support system to help the family cope during the patient’s illness and in their own bereavement

Specialist palliative care encompasses hospice care (including inpatient hospice care, day therapy and hospice at home) as well as a range of other specialist advice, support and care such as that provided by hospital palliative care teams. Specialist palliative care should be available on the basis of need, not diagnosis.

The Trustees have had regard to the guidance provided by the Charity Commission on public benefit In providing care as above the Hospice is providing a public benefit in line with its prime object. The Hospice will consider referrals of any patients from any medical or clinical practitioner or other clinical organisation. The Hospice will admit all such referred patients unless (a) a clear need for specialist palliative care has not been established, (b) it would be detrimental to a patient’s well-being or (c) there are no beds or day places available. The Hospice does not charge patients or their relatives or carers for any of its services. Although the Hospice was set-up to cater for the needs of the people of eastern Wakefield (or the ‘Five Towns’), it will accept patient referrals from anywhere in the UK and will consider those referrals in the same way and against the same criteria as local referrals.

In furtherance of the second object, the Company had obtained planning permission for the construction of a care home with nursing on the same site as the Hospice but, following a rigorous cost appraisal of building and running such an establishment, has decided to leave this development in abeyance.

The Board’s strategy remains one of continuous improvement to the quality and scope of hospice care for patients with life limiting illnesses, closer collaboration with partner organisations, including the NHS, in the provision of palliative and specialist palliative care and the education of those professionals who require an understanding or knowledge of palliative and specialist palliative care.

The Hospice successfully registered with the Care Quality Commission (CQC) in 2010 and is regulated by it. The Hospice was inspected by the CQC in late 2016, when it was accorded an overall rating of, "good". Systematic programmes of clinical audit and medical clinical staff education continue to support ongoing improvements in professional care.

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The Five Towns Plus Hospice Fund Limited

Report of the Trustees for the year ended 31 March 2021

Future Plans

The Charity's objectives for 2021/22 are:

• (a) to pursue vigorously, and as a priority, the four strategic ambitions agreed in February 2020, which are :

• Grow and diversify income generation streams

• Develop new outpatient and wellbeing service for patients and carers Develop and enhance current inpatient and outpatient services to patients and carers Everyone in our community knows who we are and what we do

To develop on the work done to date on pursuing the above strategic objectives, but looking at opportunities in catering as well as retail. We will look at what events may be allowed as restrictions ease and to build upon our existing fundraising programme. We will build upon the wellbeing programmes started in lockdown to develop a hybrid model of support and wellbeing for patients and carers.

• (b) to fully engage with the national, regional and local reviews of palliative and end of life care and to consider whether the outcomes of those reviews should be taken forward by the Hospice in line with its strategic ambitions.

The Hospice Senior Manager Team are represented and Chair a number of national, regional and local boards including:

Chair of EHCLIP

Vice Chair of the ICS Palliative and End of Life Care Group Board Members of the WYH Hospice Collaborative project Members of regional peer

Achievements and Performance

The charity’s objectives for 2020/21 were:

to continue to strengthen the Board through the further recruitment of Trustees that will provide a wider diversity of membership with a more balanced portfolio of skills and experience;

to pursue vigorously, and as a priority, the four strategic ambitions agreed in February 2020, which are :

Grow and diversify income generation streams Develop new outpatient and wellbeing service for patients and carers Develop and enhance current inpatient and outpatient services to patients and carers Everyone in our community knows who we are and what we do

Whilst the year was primarily taken up with dealing with the Covid-19 pandemic we have developed working groups for growing and diversifying income and developing wellbeing services. In retail we trialled e-retail primarily on ebay and depop and will feed the result of these trails into our future plans. We have moved two shops to large premises and unfortunately had to close two shops which were not viable after the lockdown. We have c ntinued to grow our wellbeing service and have some

The Five Towns Plus Hospice Fund Limited

Report of the Trustees for the year ended 31 March 2021

online videos for arts and crafts and have started a small number of online groups who meet socially and undertake crafts or quizzes. We have invested in digital marketing to help ensure that our community know who we are and what we do.

• (c) to fully engage with the national, regional and local reviews of palliative and end of life care and to consider whether the outcomes of those reviews should be taken forward by the Hospice in line with its strategic ambitions.

The Hospice Senior Manager Team are represented and Chair a number of national, regional and local boards including:

Chair of E L P

Vice Chair of the ICS Palliative and End of Life Care Group Board Members of the WYH Hospice Collaborative project

Members of regional peer groups

At the end of the financial reporting period the Hospice was providing the following services to benefit the public:

• thirteen patient beds providing specialist inpatient care to manage pain and symptoms during the advanced stages of patients’ illnesses;

• a day therapy service running a day a week in three separate community settings for individuals with terminal illnesses who live at home;

• a bereavement service providing resources, structured group/one to one support and fully trained individual face to face counselling;

• support for all hospice services from a multi disciplinary team including a physiotherapist, a complementary therapist, clinicians, nurses, and a social worker;

• education and training aimed at increasing end of life care knowledge and skills amongst health care professionals in and out of the Hospice; and

specialist lymphoedema clinics in Dewsbury, Pontefract and Wakefield.

The services provided under (b), (c), (e) and (f) above ceased face-to-face contact in March 2020 as a consequence of the coronavirus pandemic, but contact was maintained with patients and service users by telephone or 'virtually' to ensure continuity of support. Lymphoedema services returned to a hybrid model of patient care in 020.

The Hospice pursued a broad spectrum of fundraising opportunities and initiatives, including fundraising from trusts, companies, community groups, individuals and the organisation of fundraising events. In 2020/21 the Hospice continued to be a member of the Fundraising Regulator. The Hospice remained committed to compliance with the fundraising Code of Practice and upheld the commitments of the Fundraising Promise.

5

The Five Towns Plus Hospice Fund Limited

Report of the Trustees for the year ended 31 March 2021

Financial review

The charity’s financial health at the year-end remained strong due to significant generous donations from the community, grant income, legacies and government grant income. We are extremely grateful for the ongoing support our community gave during the pandemic.

The Group's net income in the Consolidated Statement of Financial Activities of £ 890, surplus (2020: surplus of £31,601) comprises a surplus of £90 , (2020: surplus of £55,47 ) from unrestricted funds and a deficit of £1 (2020: deficit of £23,873) from restricted funds.

Restricted income of £1,233,177 (2020: £225,476) includes NHSE awarded funding of £611,804 to allow the hospice to make available bed capacity and community support from April 2020 to July 2020 to provide support to people with complex needs in the context of the COVID-19 situation and to provide bed capacity and community support from November 2020 to March 2021 for the same purpose . Furlough grant income of £379,785 was received as part of the Co Job Retention Scheme primarily for retail staff who could not work when shops were closed as part of Covid restrictions. We received grants to support our covid response and to develop our wellbeing and outpatient services

Legacy income of £590,194 (2020: £267,253), which is subject to significant year-on-year fluctuations, increased by £322,941.

Shops income of £350,258 (2020: 1,373,477) was £1,023,2 lower than 2019/20 reflecting the impact of the national lockdowns and local restrictions on retail businesses. The Hospice received £342,039 in Government grants during the period. During the year the decision was made to not re-open the Selby Shop after the first lockdown and the decision was made to not reopen the Doncaster shop after the third lockdown in order to focus our attention on the shops within the Five Towns as well as look at developing our e-retail opportunities.

Direct Grant funding from the NHS remained static, but an additional £400,000 was received at the end of the year to provide additional support for the Hospice and build it reserves to cope with the uncertainty in retail and fundraising opportunities as restrictions start to lift.

Total expenditure on charitable activities was £2,493,309 (2020: £2,440,467). Due to the Covid Pandemic and significant uncertainty over income the decision was made to only give payrises for those staff on or close to the National Living Wage. As our income became more certain at the end of the year we were able to approve a non-consolidated payment of 2% to all staff to recognised the exceptional work of all staff undertaken during the year.

Fundraising review

All fundraising activity on behalf of the Hospice was undertaken by Hospice staff or registered Hospice volunteers, except the following:

1. The Hospice was one of 27 partner hospices who worked with Local Hospice Lottery to run a weekly lottery game. Through this partnership, we aimed to develop a regular stream of income for our care, whilst providing local people with a way to support the Hospice and a chance to win prizes in a weekly draw. In 20 /2 the Hospice received payments totalling £155,257 (20 /2 - £150,4 ) from Local Hospice Lottery.

Promotional activity included telemarketing, door to door canvassing and static public venue canvassing, Facebook advertising and mailing. During the year, in-person fundraising was halted during national and local lockdowns.

6

The Five Towns Plus Hospice Fund Limited

Report of the Trustees for the year ended 31 March 2021

• Money Tree Fundraising provided general trust fundraising support including, but not limited to: Developing and preparing funding proposals relating to an identified patient and family wellbeing

• programme

Review and revision of a case for support for unrestricted funds.

Preparing proposals and applications for unrestricted funding and Covid crisis funding.

The charity received one complaint related to fundraising activity in the year 2020/21, which related to activity carried out by Local Hospice Lottery and was investigated by them. The Hospice and Local Hospice Lottery fundraisers continued their commitment to not knowingly soliciting support from vulnerable people, adhering to a documented course of action should it become clear that someone is vulnerable.

The Hospice’s Trustees greatly appreciate the hard work, dedication and enthusiasm of staff and volunteers throughout the year, and are grateful to them for their efforts. Much volunteering was paused during the year as we kept Hospice footfall to a minimum and non-frontline staff worked from home. Where possible, however, volunteers helped in many ways – for example with fundraising; in the garden and allotment; as receptionists and with administration. In addition, many volunteers helped in our charity shops, working on the till, sorting donations, checking electrical goods and more!

The Trustees are very grateful for corporate and community support of the Hospice in donations of money, legacies, support of our events and shops. The Hospice is reliant on these caring individuals, companies and organisations in the community as our own events and activities alone could never raise enough funds to provide Hospice care.

Factors likely to affect the future financial performance

At the onset of the Covid-19 pandemic the Hospice took the decision to close all of its shops on 23 March 2020. The shops reopened over a period from May to October 2020 to challenging high street conditions followed by two further lockdowns retail income was significantly reduced and only partially offset by retail grants and the use of the Coronavirus Job Retention scheme. The shops have all re-opened in April 2021 with the exceptions of Selby and Doncaster, and currently sales are running lower than pre pandemic levels for the majority of our shops.

The Hospice has been able to plan a number of smaller events such as Yorkshire 3 Peaks and a skydive and we will hopefully be able to hold the winter ball in October this year.

The fantastic response and ongoing support of the community during this period along with additional funding from the CCG has meant that we have been able to set aside £500,000 in a specific reserve to use against a budgeted deficit for 2021/2022 whilst we rebuild our income stream and continue to respond to the ongoing needs of the community.

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future and not less than one year from the date of approval. The Trustees are constantly monitoring the financial position of the charity and the ongoing uncertain situation in respect of COVID-19. The charity has no borrowings and is working with the CCG on sustainable funding for the Hospice. The Charity has a number of ongoing grants and contracts and is pursuing new contracts, as such the pandemic is not expected to give rise to a material fluctuation in the funds of the charity, however this is being constantly monitored.

7

The Five Towns Plus Hospice Fund Limited

Report of the Trustees for the year ended 31 March 2021

Pay policy for senior staff

Remuneration of key staff including the Chief Executive and Senior Team is reviewed annually and decided by the Resource Committee. In 2020/21 the senior pay was increased lso received a 2% non-consolidated payment along with all staff at the end of the year in recognition of the exceptional work undertaken during the pandemic.

Reserves policy

The Board of Trustees has considered the charity’s requirements for reserves in the light of the main risks to the operation. That review considered the nature and amounts of the income and expenditure streams, in particular the need to match variable income with fixed commitments and the nature of reserves. The group’s main cost is staff salaries: these are regular payments, whereas income is more erratic. The review concluded that a buffer for uninterrupted services and sufficient management flexibility would be ensured by a general reserve of a minimum of four months’ salary costs. At 31 March 2021 free reserves, which are unrestricted funds excluding funds designated or invested in fixed assets, stood at £ (2020: £1,495,802). This represented months salary costs.

Risk management

Strategic risks are reviewed annually by the Board of Trustees and by the Hospice’s senior management team at each of its meetings. The Board of Trustees has agreed actions to mitigate these risks.

The responsibility for reviewing these risks rests with relevant Board sub-committees and nominated senior managers. The Hospice’s senior management team reviews all risks and agreed mitigating actions at its monthly meetings with a view to proposing changes to the Board and the relevant subcommittees.

The four main areas of risk are:

• reduced funding (from fundraising, retail or NHS grants) loss of key staff (e.g. consultants in palliative medicine) difficulty in recruiting or retaining professional staff loss of premises or facilities (e.g. IT)

Trustees’ responsibilities for the financial statements

The charity Trustees, who are also directors for the purposes of company law, are responsible for preparing a Trustees’ annual report and financial statements in accordance with applicable law and UK Accounting Standards (UK Generally Accepted Accounting Practice).

Company law requires the charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent;

• state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue to operate.

8

The Five Towns Plus Hospice Fund Limited

Report of the Trustees for the year ended 31 March 2021

irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement as to disclosure of information to auditors

In so far as the Trustees are aware at the time of approving our Trustees' annual report:

• there is no relevant information, being information needed by the auditor in connection with preparing their report, of which the group's auditor is unaware; and

• the Trustees, having made enquiries of fellow directors and the group's auditor that they ought to have individually taken, have each taken all steps that they are obliged to take as directors in order to make themselves aware of any relevant audit information and to establish that the group’s auditor is aware of that information.

Auditors

A resolution proposing that Garbutt & Elliott Audit Limited be re-appointed as auditor of the charity will be put to the Annual General Meeting.

The Trustees’ Report was approved by the Board of Trustees on October 2021 and signed on its behalf by:

Mr G Tollefson Chair

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The Five Towns Plus Hospice Fund Limited

Independent Report to the Members and Trustees of The Five Towns Plus Hospice Fund Limited

Opinion

21, which comprise of the

Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, The Parent Company Balance Sheet, the Statement of Consolidated Cashflows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

• itable compa

• 31 March 2021 and of its income and expenditure for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial l Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the annual report othe opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

10

The Five Towns Plus Hospice Fund Limited

Independent Report to the Members and Trustees of The Five Towns Plus Hospice Fund Limited

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the Trustee

• year for which the financial statements are prepared is consistent with the financial statements; and

• the Trustee applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustee

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us;

• the financial statements are not in agreement with the accounting records and returns;

• certain disclosures of Trustee

• or

• we have not obtained all the information and explanations necessary for the purposes of our audit.

Responsibilities of the Trustees

As explained more fully in the Trustee Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the g and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the ww.frc.org.uk/auditorsresponsibilities. This description forms

11

The Five Towns Plus Hospice Fund Limited

Independent Report to the Members and Trustees of The Five Towns Plus Hospice Fund Limited

Extent to which the audit was capable of identifying irregularities, including fraud

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, through discussion with the correspondence. We discussed with the Trustees and other management the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance during the audit.

The subject to laws and regulations that directly affect the financial statements including financial reporting legislation, pensions legislation, taxation legislation and further laws and regulations that could indirectly affect the financial statements, comprising safeguarding, environmental, health and safety and employment legislation, and, in the current climate, Covid regulations. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any. These procedures did not identify any potentially material actual or suspected non-compliance.

To identify risks of material misstatement due to fraud we considered the opportunities and incentives and pressures that may exist within the to commit fraud. Our risk assessment procedures included: enquiry of Trustees and other management to understand the high level policies and procedures in place to prevent and detect fraud, reading Board minutes and considering performance targets and incentive schemes in place for management. We communicated identified fraud risks throughout our team and remained alert to any indications of fraud during the audit.

As a result of these procedures we identified the greatest potential for fraud in the following areas:

• income recognition and in particular the risk that income is recognised in the wrong reporting period subjective accounting estimates.

Both fraud risks arise due to a potential desire to present

As required by auditing standards we also identified and addressed the risk

of management override of controls.

We performed the following procedures to address the risks of fraud identified:

• identifying and testing high risk journal entries through vouching the entries to supporting documentation;

• assessing significant accounting estimates for bias; and

• testing the recognition of income and in particular that it was

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it.

12

The Five Towns Plus Hospice Fund Limited

Independent Report to the Members and Trustees of The Five Towns Plus Hospice Fund Limited

In addition, as with any audit, there remained a higher risk of non-detection of fraud, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non-compliance or fraud and cannot be expected to detect non-compliance with all laws and regulations.

Use of Our Report

This report is members those matters we are required to state to them in an audi To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the

Laura Masheder Senior Statutory Auditor

For and on behalf of Garbutt & Elliott Audit Limited Statutory Auditor

Triune Court Monks Cross Drive York YO32 9GZ

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The Five Towns Plus Hospice Fund Limited

Consolidated Statement of Financial Activities (incorporating a consolidated Income and Expenditure account) for the year ended 31 March 2021

	Notes	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds	Funds	2021	Funds	Funds	2020
		£	£	£
INCOME FROM:
Donations and legacies:
Donations	2	737,585	211,954	949,539	869,318	254,996	1,124,314
Legacies	2	590,194		590,194	267,253	-	267,253
Income from charitable
activities:
NHS grants for palliative care	4	1,424,289	640,762	2,065,051	952,521	-	952,521
Income from other trading
activities:
Shops	3	350,258		350,258	1,373,477	-	1,373,477
Rental income	3	6,563		6,563	8,250		8,250
Fundraising events and lottery		184,385	676	185,061	272,199	480	272,679
Investment income		2,330		2,330	10,497	-	10,497
Other income:
Government support grants (including		342,039	379,785	721,824
furlough)
Profit on disposal of fixed assets		6,		6,	411	-	411
Other income		47,451		**47,451 **	48,473	-	48,473
TOTAL INCOME		3,678,	1,233,177	4,911,	3,802,399	255,476	4,057,875
EXPENDITURE ON:
Costs of raising funds:
Costs of raising donations, legacies and fundraising	7	277,967	48,294	326,261	398,102	4,250	402,352
Shops	3, 7	913,194	288,608	1,201,802	1,187,189	50	1,187,239
		1,191,161	336,902	1,528,063	1,585,291	4,300	**1,589,591 **
Expenditure on charitable
activities:
Hospice inpatient unit	7	1,425,465	726,008	2,151,473	1,906,588	163,987	2,070,575
Lymphoedema clinic	7	47,77	2,917	50,68	109,720	5,000	114,720
Outreach and other care (inc	7	229,444	61,704	291,14	234,303	20,869	255,172
bereavement support service)
		1,702,680	790, 29	2,493,309	2,250,611	189,856	2,440,467
TOTAL EXPENDITURE		2,893,841	1,127,531	4,021,372	3,835,902	194,156	4,030,058
Net income for the year before
other recognised gains and	6	784,835	105,646	890,481	(33,503)	61,320	27,817
taxation
Realised and unrealised gains on
investments	17	109		109	3,784	-	3,784
Net income for the year		784,94	105,646	890,590	(29,719)	61,320	31,601
Transfers between funds	21		(1		85,193	(85,193)	-
Net movement in funds		905	(14	890, 0	55,474	(23,873)	31,601
Total funds brought forward		3,239,699	102,244	3,341,943	3,184,225	126,117	3,310,342
Total funds carried forward	21	4,145,22		4,232,533	3,239,699	102,244	3,341,943

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from

continuing activities of the group.

The Statement of Financial Activities also complies with the requirements for an Income and Expenditure Account under the Companies Act 2006

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The Five Towns Plus Hospice Fund Limited

Consolidated Balance Sheet as at 31 March 2021

		Note	2021				2020
			£	£		£	£
Fixed assets
Tangible assets		12		1,671,80			1,743,897
Investments		1			25,36		25,257
				1,697,1			1,769,154
Current assets
Stock		1	6,956				7,065
Debtors		1	344,784			1,201,734
Cash at bank and short term deposits			2,623,63			1,550,010
			2,975,37			2,758,809
Liabilities
Creditors: Amounts falling due
within one year		1	440,01				1,186,020
Net current assets				2,535,36			1,598,046
Total assets less	current liabilities			4,232,53			3,341,943
Provisions for liabilities
Total net assets				4,232,53			3,341,943
The funds of the	Charity:
Restricted income funds		2			87,3		102,244
	Designated funds			500,000
Unrestricted funds				3,64			3,239,699
Total funds				4,232,53			3,341,943

The financial statements on pages 1 to 3 were approved by the Trustees on on their behalf by:

October 2021 and signed

Mr G Tollefson (Chair)

Mr A C Wearing (Treasurer)

Company Registration Number: 01797810

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The Five Towns Plus Hospice Fund Limited

Parent Company Balance Sheet as at 31 March 2021

	Notes	2021			2020
		£	£		£	£
Fixed assets
Tangible assets	1		1,671,80			1,743,897
Investments in subsidiaries	1			2		2
Investments	1		25,36			25,257
			1,697,1			1,769,156
Current assets
Stock	1	6,956			7,065
Debtors falling due within one year	1	344,784			1,201,734
Cash at bank and short term		2,623,637			1,550,010
deposits
		2,975,377			2,758,809
Liabilities
Creditors: Amounts falling
due within oneyear	1	440,01			1,186,022
Net current assets			2,535,36			1,598,046
Total assets less current			4,232,53			3,341,943
liabilities
Total net assets			4,232,53			3,341,943
The funds of the Charity:
Restricted income funds	2		87,			102,244
Designated funds			500,000
Unrestricted funds			,645,2			3,239,499
Total Charity Funds			4,232,53			3,341,743

The financial statements on pages 1 to were approved by the Trustees on October 2021 and signed on their behalf by:

Mr G Tollefson (Chair)

Mr A C Wearing (Treasurer)

Company Registration Number: 01797810

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The Five Towns Plus Hospice Fund Limited

Statement of Consolidated Cash Flows as at 31 March 2021

	2021 2020 £ £ Net cash provided by: Operatingactivities 1,212,29 209,355 Cash flows from investing activities: Dividends and interest from investments 2,330 10,497 Proceeds from the sale of tangible fixed assets 9 Purchase of tangible fixed assets (14 ,978) (175,051) Net cash used in investing activities (138,66 ) (163,65 ) Change in cash and cash equivalents in the year 1,073,62 45,699 Cash and cash equivalents at the beginningof theyear 1,550,010 1,504,311 Cash and cash equivalents at the end of the year 2,623,637 1,550,010 Reconciliation of net income to net cash flowfrom operating activities 2021 £ 2020 £ 890, 31,601 206,674 208,757 (109) (3,784) (2,330) (10,497) 6, (410) 109 2,478 856,950 (782,082) Net income for the year Adjustments for: Depreciation charges Unrealised (gains) on investment Dividends and interest from investments rofit) on disposal of tangible fixed assets Decrease in stock ) in debtors ncrease in creditors (746,00 ) 763,292 Net cashprovided by operating activities 1,212,29 209,355 Analysis of changes in net funds At 31 March 2020 Cash flow At 31 March 2021 £ £ £ Cash at bank and in hand 1,550,010 1,073,627 2,623,637
	ncrease in creditors (746,00 ) 763,292
	1,550,010 1,073,627 2,623,637

1

  

The Five Towns Plus Hospice Fund Limited

Notes to the Financial Statements for the year ended 31 March 2021

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Company information

The Five Towns Plus Hospice Fund Limited is a Company Limited by Guarantee and is also a registered charity. The registered office is The Prince of Wales Hospice, Halfpenny Lane, Pontefract, WF8 4BG.

Each member of the company has undertaken to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of it being wound up while he or she is a member, or within one year after he or she ceases to be a member.

The Financial Statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these Financial Statements are rounded top the nearest £1.

Basis of preparation

The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019 applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and the Charities Act 2011.

The Five Towns Plus Hospice Fund Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at cost or transaction value unless otherwise stated in the relevant accounting policy notes.

On the grounds that the charitable company's results are consolidated into the charitable conferred by section 1.11 of FRS 102 as follows:

• Exemption from presenting a statement of cash flows as a primary statement to the financial statements.

Going concern

The Trustees have prepared financial projections, taking into consideration the current economic climate and its potential impact on the sources of income and planned expenditure. They have a reasonable expectation that adequate financial resources are available to enable the charity to continue in operational existence for the foreseeable future, and have adequate contingency plans in the event that income streams are reduced. Consequently the financial statements have been prepared on the basis that the charity is a going concern.

The Trustees consider that there are no material uncertainties about the charity s ability to continue as a going concern. With regard to the future, the most significant areas of uncertainty are the level of support of Wakefield CCG and the level of donation income, which needs to be increased each and every year and is covered in more detail in the Trustee

1

The Five Towns Plus Hospice Fund Limited

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

• 1 Accounting policies (continued)

Group financial statements

The financial statements consolidate the results of the charity and its wholly owned subsidiary companies The Five Towns Plus Hospice Shops Limited.

A separate Statement of Financial Activities and Income and Expenditure Account for the charity has not been presented because the Charity has taken advantage of the exemption afforded by section 408 of the Companies Act 2006. The amount of the surplus for the year dealt with within

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions relating to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Where income has related expenditure (as with fundraising) the income and related expenditure are reported gross in the Statement of

Donations, grants and gifts are recognised when receivable. Income from Gift Aid tax reclaims is recognised for any donations with relevant Gift Aid declarations recognised in income for the year. Any amounts of Gift Aid not received by the year end are accounted for in income and accrued income in debtors.

any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Sponsorship from events, fundraising and events registration fees are recognised in income when the event takes place. Lottery income is accounted for in respect of those draws that have taken place in the year. Trading income is recognised on point of sale for donated and purchased goods.

For legacies, entitlement is taken on a case by case basis as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made; or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the gacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Income received in advance for a fundraising event or for a grant relating to the following year is deferred until the criteria for income recognition are met.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

1

The Five Towns Plus Hospice Fund Limited

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

• 1 Accounting policies (continued)

Donated goods, services and facilities

Donated goods for resale are recognised when the company has control over the item, the receipt of economic benefit from the sale of the item is probable and that economic benefit can be measured.

Donated services or facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the item is probable and that economic benefit can be measured reliably. In accordance with Charities SORP (FRS 102), the time of volunteers in the hospice and the charity shops is not recognised. Refer to the Trustee contribution.

Donated professional services and facilities are included in income at the estimated value of the gift to the charity when received, based on the amount that the charity would have been prepared to pay for these services of facilities had it been required to purchase them; a corresponding amount is then recognised in the expenditure in the period of receipt. Donated fixed assets are similarly taken to income at the value to the charity with the other entry being capitalised in fixed assets.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of obligation can be measured reliably. All expenditure is accounted for on an accruals basis under the following headings:

Costs of raising funds comprise fundraising costs incurred in seeking donations, grants and legacies; costs of fundraising activities including commercial trading by the charity shops and their associated support costs. Fundraising costs do not include the costs of disseminating information or support of the charitable activities.

Expenditure on charitable activities includes the costs of providing specialist palliative care and support, research and other educational activities undertaken to further the purposes of the charity, and their associated support costs.

Support costs comprise those costs which are incurred directly in support of expenditure on the objects of the charity and include governance, finance and office costs. Governance costs are those costs incurred in connection with the compliance with constitutional and statutory requirements of the charity. Since 1 April 2016 the Hospice has been able to recover most of the VAT levied on nonbusiness expenses; irrecoverable VAT on fundraising is charged as a cost within fundraising expenses and the remainder is included in support costs.

Support costs are allocated to each of the activities based on staff headcount. More detail on the analysis and basis of allocation is given in note 8 to the financial statements.

Staff costs

The costs of short term employee benefits are recognised as a liability and an expense where settlement of obligations does not fall within the same period.

The Five Towns Plus Hospice Fund Limited

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

• 1 Accounting policies (continued)

Pensions

Employees of the are entitled to join The Prince of Wales Hospice Group Personal Pension restricted to the contributions disclosed in note 9. There were no outstanding contributions at the year end. The costs of the defined contribution scheme are included with the associated staff costs and allocated therefore to raising funds, charitable activities, support and governance costs and charged to the unrestricted funds of the charity.

Employees who are already active members of the NHS Pension Scheme Pensions Agency. As explained in note 22 the scheme is a multi-employer scheme not designed to identify the assets and liabilities attributable to the Charity, so in accordance with FRS102 the scheme is accounted for as a defined contribution scheme.

Three the group pays between 3% and 7% of salary. Contributions of £ (20 : £ ) remained outstanding at the year end. The costs of the defined contribution scheme are included with the associated staff costs.

Operating leases

Operating leases are recognised over the period of which the lease falls due. Benefits received and receivable as an incentive to sign an operating lease together with rentals due are charged on a straight line basis over the period of the lease.

Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity.

Designated funds are unrestricted funds of the charity which the Trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be used solely for a particular charity.

Tangible fixed assets

All assets costing more than £500 or part of a project costing more than £500 in total are capitalised at their historical cost when purchased including any incidental costs of acquisition.

Depreciation is provided to write off the cost less any estimated residual value of all fixed assets evenly over their estimated useful economic lives on a straight line basis as follows:

Freehold buildings 2% or 5% straight line Improvements to short leasehold land and buildings Period of lease Motor vehicles less than four years old 20% or 25% straight line Motor vehicles more than four years old 25% or 50% reducing balance Fixtures, fittings and equipment Charity 25%, 20% or 15% straight line

The Five Towns Plus Hospice Fund Limited

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

• 1 Accounting policies (continued)

Investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing market price, except for shares in trading subsidiaries which are carried at cost. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year.

All gains and losses are taken to the SOFA as they arise. Realised gains and losses are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired during the year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised gains and losses are combined in the SOFA.

Stock

Stock of new goods is included at the lower of cost and net realisable value.

It is impractical to estimate the fa high volume, low value and agent arrangements for the purposes of retail gift-aid. The value of these goods to the charity is instead recognised when they are sold in the shops.

Financial instruments

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity held for working capital. Bank overdrafts are shown within borrowing in current liabilities.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid.

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in the income and expenditure account.

2

The Five Towns Plus Hospice Fund Limited

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

• 1 Accounting policies (continued)

Creditors, loans and provisions

Creditors, loans and provisions are recognised where the group has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors, loans and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial liabilities are derecognised when, and only are discharged, cancelled or they expire.

Amounts recognised as provisions are best estimates of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.

Taxation

The charitable company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

The trading subsidiary is not exempt from taxation. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Critical accounting estimates and judgements

Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Critical estimates

Legacies

Legacies are recognised as income when probate has been granted, the charity has established its entitlement to the funds and where sufficient information is available to allow it to measure its entitlement.

2

The Five Towns Plus Hospice Fund Limited

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

2 Income from donations and legacies Group 2021 £ 2020 £	2 Income from donations and legacies Group 2021 £ 2020 £	2 Income from donations and legacies Group 2021 £ 2020 £
Unrestricted donations and legacies Individuals 573,044 564,447 Donations and Gift Aid from shop sales on an agency basis 36,309 137,661 Charitable trusts 47 987 42,050 Corporate donors 80,245 125,160 Legacies 590,194 267,253
1,327,779 1,136,571
Restricted donations Individuals 7,775 7,246 Charitable trusts 203,929 227,500 Corporate donors 250 20,250
211,954 254,996
Total donations and legacies 1,539,733 1,391,567
3 Income from other trading activities Shops 2021 £ 2020 £
1,370,546 Income from the sale of donated goods
335,133 Income from rental 262,495 -
Total income from shops 1,381,727
Cost of buying in goods (811) 2,392 Staff costs 584,346 587,699 Property costs 184,766 167,192 Other costs 433,500 429,956
Total expenditure 1,201,802 1,187,239

All shops income in both the current and the previous year related to unrestricted funds. £26,113 of costs relate to restricted trust fundraising which allowed us to prepare our shops for reopening after the first lockdown and allowed us to top up furlough salaries until mid-June 2020

2

The Five Towns Plus Hospice Fund Limited

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

4 Income from charitable activities

4 Income from charitable activities
	Charity and	Group
	2021	2020
	£	£
Grants from NHS Wakefield District Clinical Commission Group:
Core funding grants	600,000	600,000
Grant to provide a lymphoedema clinic for the Wakefield District	96,900	96,900
Grant to enable 24 hour admissions 365 days per year	100,000	100,000
Covid discharge beds	74,367
Bereavement Contract	64,430
Additional Central Government Funding		71,000
Additional Covid resilience funding	400,000
ContinuingHealth Care	1,504	4,729
Total CCG grants	1,337,201	872,629
Fees for training medical and social work students	19,349	7,833
Reimbursement of Stock Drugs	17,620	21,100
Fees for lymphoedema clinic in North Kirklees	27,500	22,000
NHS Pension contribution	33,607	28,959
Other Government Grants:
National Grant Funding for Hospice through Hospice UK (restricted)	611,804
Wakefield Council Infection Prevention Grant(restricted)	**17,970 **
Total Grants	**2,065,051 **	952,521

The NHSE awarded funding to allow the hospice to make available bed capacity and community support from April 2020 to July 2020 to provide support to people with complex needs in the context of the COVID-19 situation and to provide bed capacity and community support from November 2020 to March 2021 for the same purpose.

5 Financial performance of the charity

subsidiaries which comprise retail and café operations.

The summary financial performance of the charity alone is:

	2021	2020
	£	£
Income	4,911,	4,0
Costs of raising funds	(1,528,063)	(1, )
Expenditure on charitable activities	(2,493,309)	(2,440, 97)
Net income	890,481	27,815
Investment gains	109	3,784
Intercompany loan bad debt provision	-	-
Dividend from subsidiary	-	-
Total funds brought forward	3,341,943	3,310,342
Total funds carried forward	4,232,533	3,341,94
Represented by:
Restricted income funds	8	102,244
Unrestricted income funds	4,14,522	3,239,49
	4,232,533	3,341,9

2

The Five Towns Plus Hospice Fund Limited

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

6 Group net income

		2021	2020
		£	£
This is stated after charging:
remuneration	- for audit		7,850
	- for other services		1,386
Operating lease rentals:
Land and buildings		135,975	149,072
Plant and equipment		2,906	5,361
Depreciation of owned tangible fixed assets		206,674	208,757
Loss on tangible	fixed assets	6,418	(411)
indemnityinsurancepolicy		**1,738 **	**1,656 **

7	Analysis of group expenditure
	Year ended 31 March 2021	Direct staff	Direct	Support	2021
		costs	costs	costs	Total
		£	£	£	£
	Shops costs (Note 3)	584,346	385,747	231,70	1,201,802
	Fundraisingcosts	173,826	78,670	73,765	326,261
	Costs of raising funds	758,172	464,417	305,47	1,528,063
	Hospice inpatient unit	1,295,792	342,741	512,940	2,151,473
	Outreach and other therapies	169,114	48,433	73,600	91,14
	Lymphoedema clinic	25,66	12,930	12,090	50,68
	Charitable activities	1,490,57	404,104	598,6	2,493,309
		2,248,74	868,521	904,10	4,021,372
	Total
	Year ended 31 March 2020	Direct staff	Direct	Support	2020
		costs	costs	costs	Total
		£	£	£	£
	Shops costs (Note 3)	587,699	403,539	196,001	1,187,239
	Fundraisingcosts	208,684	112,611	81,057	**402,352 **
	Costs of raising funds	796,383	516,150	277 058	**1,589,591 **
	Hospice inpatient unit	1,313,228	275,378	481,969	2,070,575
	Outreach and other therapies	150,010	43,085	62,077	255,172
	Lymphoedema clinic	56,889	34,333	23,498	114,720
	Charitable activities	1,520,127	352,796	567,544	2,440,467
	Total	2,316,510	868,946	844,602	4,030,058

2

The Five Towns Plus Hospice Fund Limited

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

8 Analysis of support costs

Year ended 31 March 2021	Premises	Management	Management	Support	Governance	2021
	£		£	Functions	Costs	Total
				£	£	£
Fundraising trading	1,063		65,134	161,78	3,72	231,70
Fundraisingcosts	4,558		13,997	54,411		73,76
Cost of raising funds	5,621		79,131	216,200	4,522	305,47
Hospice inpatient unit	75,202		88,553	344,124	5,061	512,940
Lymphoemeda clinic	1,975		2,049	7,948	117	12,090
	8,204		13,228	51,412	756	73,600
Charitable activities				403,484	5,934	598,629
Total	91,002	1
Year ended 31 March 2020	Premises			Support	Governance	2021
	£		£	Functions	Costs	Total
				£	£	£
Fundraising trading	1,172		63,806	126,242	4,781	196,001
Fundraisingcosts	5,023		14,955	59,959	1,120	81,057
Cost of raising funds	6,195		78,761	186,201	5,901	277,058
Hospice inpatient unit	82,881		78,503	314,703	5,882	481,969
Lymphoemeda clinic	2,177		4,194	16,813	314	23,498
	9,042		10,434	41,820	781	62,077
Charitable activities	94,100		93,131	373,336	6,977	567,544
Total	100,295		171,892	559,537	12,878	844,602

Premises support costs are allocated on the basis of occupancy of the Hospice. All other support costs have been allocated on headcount.

9 Analysis of staff costs, Trustee remuneration and expenses, and the cost of key management personnel

	Group		Charity	Charity
	2021	2020	2021	2020
	£	£	£	£
Salaries and wages	2,485,846	2,495,524	2,485,846	2,495,524
Social security costs	197,431	198,490	197,431	198,490
Pension costs
Group Personal Pension Plan	48,879	34,707	48,879	34,707
NHS Pension Scheme	105,510	107,111	105,510	107,111
Other	8,574	9,277	8,574	9,277
Total employment costs	**2,846,240 **	2,845,109	**2,846,240 **	2,845,109

2

The Five Towns Plus Hospice Fund Limited

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

Analysis of staff costs, Trustee remuneration and expenses, and the cost of key management personnel (continued)

Included in staff costs are £1,519 of redundancy and termination payments made to 5 employees (2019 £2,700 to 2 employees).

Employees earning more than £60,000 per annum:

----- Start of picture text -----
|||| |---|---|---| |Charity and Group| |2021|2020| |£|£| |Between £60,000 and £70,000|-|-| |-|-| |Between £70,000 and £80,000| |Between £80,000 and £90,000|-|-| |Between £90,000 and £100,000|1|1|

----- End of picture text -----

The charity Trustees and persons connected with them neither received nor waived any emoluments 9r benefits during the year (2020: £Nil). No Trustee received payment for professional or other services supplied to the charity (2020: £Nil). Travel, telephone and out of pocket expenses amounting to £120 (2020, £504) were reimbursed to 1 Trustee (2020: 2 Trustees).

The key management personnel of the group and the parent charity comprise the Trustees and the Senior Management Team, whose names are listed on page 1. The total employee benefits of the key management personnel of the Hospice were £485,364 (2020 £ 452,269).

1 Staff numbers

----- Start of picture text -----
||||| |---|---|---|---| |Group|Charity| |202|2020|202|2020| |The average number of full-time| |equivalent employees during the year was:| |Charitable activity|58|58| |Fundraising - including shops and café|35|38| |93|93|

----- End of picture text -----

The monthly number of staff (including part-time and bank staff) during the year was as follows:

----- Start of picture text -----
||||| |---|---|---|---| |Average monthly headcount| |129|131|129|131|

----- End of picture text -----

1 Related party transactions

On 1 April 2016, the net assets of the Five Towns Hospice Shops Ltd subsidiary were hived up to the Hospice at a book value of £41,377. On 6th February 2019 the Hospice repaid £41,375 of intercompany debt and The Five Towns Plus Hospice Shops Ltd paid a divided to the Hospice of £41,375. In the current year the subsidiary has been dormant so no transactions have taken place

At 31 March 2021, the Hospice owed the subsidiary £ (2020: £2).

2

The Five Towns Plus Hospice Fund Limited

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

Tangible fixed assets - Group

	Freehold
	Land and	Fixtures	Motor
	Buildings	and Fittings	Vehicles	Total
	£	£	£	£
Cost
1 April 2020	2,712,492	1,331,829	68,924	4,113,245
Additions	22,994	118,984		141,978
Disposals		(14,745)	(17,500)	(32,245)
Reassignment of category	(60,413)	60,413
At 31 March 2021	2,675,073	1,496,481	51,424	4,222,978
Depreciation
1 April 2020	1,256,608	1,071,078	41,662	2,369,348
Charge for year	102,706
On disposals		(7,348)	(17,500)	(24,848)
At 31 March 2021	1,359,314	1,155,410	36,450	2,551,174
Net book value
At 31 March 2021	1,315,759	341,071	14,974	1,671,80
	1,455,884	260,751	27,262	1,743,897
At 31 March 2020

1 Investments

1 Investments
	Group		Charity
	2021	2020	2021	2020
	£	£	£	£
The Five Towns Plus Hospice Shops Limited	-	-	2	2
	-	-	2	2

The Five Towns Plus Hospice Shops Limited

The Hospice holds 2 shares of £1 each in its wholly owned trading subsidiary company The Five Towns Plus Hospice Shops Ltd which is incorporated in England and Wales (company number 02823729). These are the only shares called up, allotted and fully paid. At the 1 April 2016, the subsidiary hived its assets up to the Hospice at book value and there the subsidiary was dormant. The company has not traded since the hive up.

2

The Five Towns Plus Hospice Fund Limited

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

1 Stock

		Group			Charity
	2021		2020	2021		2020
	£		£	£		£
New goods for resale	1,152		1,150	1,152		1,150
Bags and retail consumables	5,804		5,915	5,804		5,915
	**6,956 **		7,06	**6,956 **		7,06

1 Debtors

Amounts falling due within one year:

		Group		Charity
	2021	2020	2021	2020
	£	£	£	£
Trade debtors	2	812,214	2	812,214
Taxation recoverable	23,780	37,160	23,780	37,160
Other debtors		440		440
Prepayments		81,247	66,745	81,247
Accrued income	2	270,673	224,928	270,673
	344,784	1,201,734	344,784	1,201,734

Accrued income includes £115,000 (2020:£114,000) of legacy income, where the Hospice has been notified of the legacy but it has not yet been received.

1

Charity and Group	2021	2020
	£	£
Market value at 1 April 2020	25,257	21,473
Unrealised(loss)/gain on revaluation	109	3,784
Market value at31 March 2021	25,366	25,257

1 Creditors: Amounts falling due within one year

		Group		Charity
	2021	2020	2021	2020
	£	£	£	£
Trade creditors	91,486	184,642	91,486	184,642
Amounts owed to subsidiaries	-	-	2	2
Social security costs and other taxes	43,236	41,456	43,236	41,456
Other creditors	17,522	7,572	17,522	7,572
Accruals	287,77	155,448	287,77	155,448
Deferred income	-	796,900	-	796,900
	440,01	1,186,020	440,01	1,186,022

Deferred income predominantly comprise he CCG grants income for 2020/21.

The Five Towns Plus Hospice Fund Limited

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

Deferred income reconciliation

----- Start of picture text -----
Group Charity
2021 2020 2021 2020
£ £ £ £
Balance at 1 April 2020 796,000
Amount released to the Statement of
Financial Activities (796,000)
Amount deferred in the year 7
Balance at 31 March 20 2 1
Analysis of group net assets between funds
Restricted Unrestricted
Funds Funds Funds Total
£ £ £ £
Fund balances at 31 March 2021
are represented by:
Tangible fixed assets 1, 1,697,1
Current assets 87,308 2, 2,975,37
Current liabilities (440,01 ) (440,01 )
4,232,53
Restricted Unrestricted
Funds Funds Total
£ £ £
Fund balances at 31 March 2020 are represented by:
Tangible fixed assets 1,7 1,7
Current assets 102,244 2,681, 2,7 8
Current liabilities (1,186,020) (1,186,020
102,244 3,239,699 3,341,943
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Other financial commitments - Group

Minimum lease payments under non-cancellable operating leases fall due as follows:

	Land and	Buildings	Other
	2021	2020	2021	2020
	£	£	£	£
Within one year	131,392	135,813	784	1,547
Within two to five years	121,174	137,753	1,764	2,375
After fiveyears	-	-	-	-
		273,56	2,54	3,922

The Five Towns Plus Hospice Fund Limited

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

2 Restricted funds

----- Start of picture text -----
For the year ended At 1 Transfer to At 31
31 March 2021 April Income Expenditure unrestricte March
2020 2021
£ £ £ £ £ £
Other specific donations for capital 370 856
IT project 84,596 25,167 ( ) ( 52,778
Patient wellbeing 62,237 (42,875) 19,362
Digital improvements 18,602 ( ( 1,081
ereavement 495 11,930 4,81
Covid response 117,029 ( (
pecific donations for running costs 100 100
Hospice inpatient unit 9,895 2,193 (8,33 3,75
ymphoedema clinic 2,9 (2,917) 80
Physiotherapy and occupational Therapy 905 (1,850) 415
Staff Wellbeing 150 1,176 1, 8
Hospice UK funding 611,804 (611,804) -
379,785 ( -
Shops 200 2,884
102,244 1,233,177 (1, ) ( ( 87,3
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Name of restricted fund

Description, nature and purposes of the fund

Th

3

The Five Towns Plus Hospice Fund Limited

Notes to the Financial Statements for the year ended 31 March 2021 (continued)

2 Restricted funds (continued)

For the year ended	At 1 April			Transfer to	At 31
31 March 2020	2019	Income	Expenditure	unrestricted	March
	£	£	£	£	2020
					£
Other specific donations for capital	72,999	89,396	-	(85,193)	77,202
Day Therapy activities	14,340	6,196	(16,286)	(4,250)	-
Patient and Family Support Team	5,078	10,000	(14,583)	-	495
Specific donations for running costs	100	-	-	-	100
Hospice inpatient unit	24,698	149,154	(153,657)	-	20,195
Lymphoedema clinic	7,997		(5,000)	-	2,9 7
Physiotherapy and occupational	905	-		-	905
Therapy
Staff Wellbeing	-	480	(330)	-	150
Shops	-	250	(50)	-	200
Fundraisingevents	-	-	(4250)	4,250	-
	126,117	255,476	(194,156)	(85,193)	102,244

2 Pension costs

Some past and present employees are covered by the provisions of the two NHS Pension Schemes. Details of the benefits payable under these provisions can be found on the NHS Pensions website at www.nhsbsa.nhs.uk/pensions. Both schemes are unfunded defined benefit schemes that cover NHS employers, GP practices and other bodies allowed under the direction of the Secretary of State in England and Wales. They are not designed to be run in a way that would enable participating bodies to identify their share of the underlying scheme assets and liabilities. Therefore, each scheme is accounted for as if it were a defined contribution scheme: the cost to the Hospice of participating in each scheme is taken as equal to the contributions payable to the scheme for the accounting period.

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