REGISTERED NUMBER:
COMPANY 01850502
CHARITY 515668
REPORT OF THE GOVERNORS
AND CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
FOR
ST RICHARD'S HOSPICE FOUNDATION
REGISTERED CHARITY LIMITED BY GUARANTEE

ST RICHARD'S HOSPICE FOUNDATION
REGISTERED CHARITY LIMITED BY GUARANTEE
CONSOLIDATED FINANCIAL STATEMENTS
ONTENTS OF THE CONS¢LLIDATED FINANCI_AL
TATEMENTS F
HE YEAR ENDED 31
ARCH 2021
Page
Report of the Governors including the stra￿1¢ Reporr
Re￿r¢ of the Independeni Auditor
16-17
Consolidated Statement of Financial Attivities
Group and Charity Balante Sheets
Consolidated 5tarement of Cash Flows
20
Notes to the Con501idated Statement of Cash Flows
21
Note$ to the Financial Statements
22-38

ST RICHARD'S HOSPICE FOUNDATION
REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 MARCH 2021
ThÈ GO¥er￿r$ pre5en¢ thwramual repor4 5Watets rwt and autfitfdf1na￿Tl ofthep3rent tharlLyand ts subs￿12ry￿￿dèm￿n8fw Ihe year
ended 31 Marth 1021. The ￿0￿￿ty WrnFty wlth cwreDr srawt¢>ry réquir¢mèrnty thè th3rity's g(*ernlng ¢kKunw)t and the Ststem￿r ol R￿Mmended
Practy￿- kncounu￿ and Reporting by Clwities.
Reference and admlnistration
ils of the charit its
ru
Tho ol tht tharity is St RKh3rds Hosplce Foundatstsn c'st Richird5 Ho5pKo"l. a COM￿nY Ihmired by guaran￿ The company was Incowratth on
24 1984. Memr>rthJurn and kncle5 ofNJsouath)n were updated and fil￿ with Compan￿5 House on 2. Fèbruary 2Tr)5. In 2CUJrdance with
ion 60 ofthe ComPan￿S Att 2LYM. thè tDrnpany 15 exwnpt from the requlrenients of that Acr as p3rc of its The comparf$
registered number ￿ 0185Q50L The company 15 akn i r4lsrered ch3rity. numbpr 5156
Thè principal addres5 and
reOs[•rr￿ offic• ofthe Comwr.
St Rlcharf5 HOSFI
WrfdWO￿J Dnye
WR5 2QT
Govwncrs lfi oif*a durkng th4)*ir.
l M
IChairman- rrired 5 Aprll 20211
IChalrman- app(¥ntyd 6 Aprril 20211
IVKe ChaSrman- 3PPOinLed 6 Aprll 20211
{V￿￿chaIrman)
Mrsl Pcowpe
l G Bartholom
Prole550r R A LeMG
D C Annetts
R Ounne
Mrs H E Ed¥v3rds
PLF
CCA G10s￿P
SA Hy51op
DrlMLaw4
Mrsl Matth¢wS
MrsA L Pakner
Drl S Rankin
Cllr A RoL*rt*
Mr5 H Serrano
RGSh*
IrÈtired 10 5epternbor 2Q211
{appoknted 24 May 2￿1)
lappointed24 May 20211
ITreasurer- retrdd 5 ￿￿ri1 20211
Govwncrs ddegated thedayto thy nnrwm•x (4t￿ chthty to the ChRf Exttuuve. lure Patd.
ChiefExKutyve
Dlrectcw of F￿￿Tht* and Ink>rn4tson
m￿1¢31 DirKw¢
Cixnmercial L>rKtor
FthtJr4islnÉ D￿￿ttOr
re Llrecr¢r
Danld
Dr Nicola Wlldwwn
Danid C¢rns
Tntha Caydl
DeWieWe5Tr￿a
ly￿1nted l October 20201
Thè company's indspÈthnt avthtor5
Crowe UK LLP
ack Country House
Ruund5 fyeen Road
C￿6￿ry
869 2DG
covpnys solicrtors
Hallmark HLlmè
Sdlckors
3. 4 & S S3nsome P
Wotre5ter WRI IUQ
The e¢mpany's b3nkws
NI￿nItwe5t￿I￿Sttr fir
I Q055
W0rcès￿rwRI IPR
y5 Bank Pk
54 Hlgh Stre
Worcester WRI IQQ
Thè cfjmpa￿.5 inYe5rmwt athi5er5
aose brothers Manag•nwt Linmted
10 Exthanze Square
Pritrr05e Streei
EC2A IBY
Page | I

ST RICHARD'S HOSPICE FOUNDATION
REPO
VERNOR
E YEAR ENDED
I MARCH 2021 {Continued}
T￿¢0MPanY Is %ovwned by its Mwn(Thdum and knrwes ofAs5DCi3t*￿.
In accordarKe with the cofflpany's Arudes ol ￿5¢ClA¢10[￿ th¢ Company has a councl wh(>se Ggvernof5 are rn￿ber& Such GoveriiorÉ tonsututè d￿r￿r5
olthecompany for Comp3nies Acc purp05Es and truste& dthe tharity for Charity ACL purptrses.
Thecompanyis limitéd bygW￿￿eand thwefore ihe GDvErnors have no ber*fKial Intere5tto disclose.TheapwTrtmenrofnew Govern<ws is undErrakeo
by the currwi Govwnofs aDd by thè at rhe AGM. T%Yo GoverrK>rt are nomiftsated by Worce5¢er Oty C￿￿1, are ￿u￿te¥S
rhin the cour￿1.
St Richard's HoSp￿e Gc>vemors are expecwd to be pro-acuye 3nd involved in SupprJrring Hospite. Potént￿71 Govern￿5 3re identi￿d by the
%￿lIs and exwdse they ¥Yill brin$ as wel as their motrotyon and support Ir>r the m1s5ion. are MterYiLMed by che and at ￿5t two oth
Govern¢rs. They are reryired EO attend Ihc volunteer inducwn training proTamme and reE*ve formal induc￿￿ by Ch-alrTnan. ThE Chairman works
ith otherGovernur5 to [he￿ pdttmance and contribu¢ioD to tk*workofthe H05PK
5rrwc dLrision5 are by the CouncA oFGovernors In ￿Ul¥r delegati￿ operarw re5pon&trMlities to ¥Pr￿ri￿re W￿coMmItt￿*S. Day to
day mwa%￿[ is ttsndutt& by the Cthief Evcutiye ofhcer, %*tho report5 fegul3rty to Counc51 ofGwernyr
Themarwmenr structure up to the stsrtofthe CO¥￿ 19 Pand¢mk *thlch em¥ged ID earty M*rth 2020 was..
Jè SL Ibchardl Hospice
r.Tty*v
C**. >RO¢EO
r.ci
In rÈsp￿S*￿ the pandemic rhe C0￿clI d G￿￿rnor$ b4Jn workiry ID the folk)wing rernpyary wixroups."
PatieDI Care
Soff and Volunt￿s
Commeroal
Green. IPhasè 2 of BU1￿ 20201
Thè Finandil Yiabdiiy Group met munthly to revlew rdlin810reia5tswh￿h Covered a Per￿)d of up to 14 monthk The requlrement for apwiatwe$5
of the Sub YO￿P5 h2Y8 bèÉn kapt under rewew %yiLh the finlntial committee structuru h3￿ng ¥ee&
Pagel Z

ST RICHARD'S HOSPICE FOUNDATION
PORT
MAR
21 (Continued)
i CaThm￿ht4•ckna1n'¢
Comm1[￿•
Fknc•and 8uslnw
andvd￿ntO0r$
DI￿1￿￿￿￿9 L*wp
The VrJbiliry Groupy￿S 5toDd from May 2(Yll. but meettr¢s ofthe Fila￿￿ and Bu%neSS Ctsnrnittee ￿11 dt• ix-monthly InsLead
01q￿rt￿y.
To 51VPOrt the flow of Inforniarion fer thèse vadous gmps an ￿lor￿3tion HUK Is to be created In the 1021ll2 y*ar bwr% #8roLP of staff d￿lie1¢*d to
qu￿￿ aLrurite, mewlngfvl and assured data te 5UPPWt •Je￿iOn making wrthin thÈ wimiw.
Gownors thalr mostwmmltt¢8S, m•w rrfulirlyand rtyortto theqLkrtw￿c0u￿cil orGo￿￿Or$ TheHo5F1￿ has a full 5Uiteof Olc
wc<edure5 %¥hich dearly outline thedwnarodw of I￿$ ol r¢spOh$itilityÈs.
St R￿hard'S bkiswce affiliaied to ￿ Nauonal Coundl of Palllarrve Car& is a mémbtr d HDspw UK and Is a membor d the Herefordshity
Worc*S￿shorÈ Ch*mbÈr ofcornmetre.
The charhty • %*hOl￿ y￿ed subyd1￿ St R￿h￿'S Hcspice Trading Cory3ny Lim￿ed. ThÈo**¢rofSt Pj'chard s ￿KcTrdd1ng Ccryany
mited %Yhich ￿1$ new and S￿ond donatyd isty rwsefvndsfo- 5¢ RKhard5 Howce Found3twJn.
The ¢hariW5 ovms 33.33% olWortt5ter5hre Hove5 Lottery It shwres eyl ownership V+ith Primrose Hospke Limited and Acorns ChI￿rth$
HospKe.
FLY the purposes of these cord0llda￿j accounu. thèthdlycThYnÈd Sub%ith3ry h3s iwi con50lidaied on aliThe by Ilnè ba￿¥ and the hO￿Ing In
W¥xrestwshire H05pce5 Loiwy knmited incbJded rhe èqulry meEhod aPpl￿bI￿ tts PInt￿ntUres.

ST RICHARD'S HOSPICE FOUNDATION
EPORT OF THE G
RS FOR THE YEAR
H 2021 {Continued)
The Co¥id-19 pindemit h*tJ a marerlal Impacc on the finan￿￿1 re5uItS ¢>f both 5t Rkhard's HOsp￿e St PJch3rds HD5PK• Trathry Company ￿rnIted.
However. tThany nEW intome Mream5 had been C￿pOra￿lY IOSL
Income S¢ream$ Negati¥¢ky Impacted
Ketal I￿oMe frorn thp cknur& ofshops
Fundrai5lll8 ¥Wh￿h required F*y51CAI part￿P￿tK>n
New Incorne 5trt*ms
An Increase hi ￿rtyjaI e￿Thts
A svrcessful re5iliÈ•lCÈ apwl
Nwl Eimpargrns
Bv$inets interWPtK>n daim
Intome Irty￿ our local NHS CCG in the forni ofgran
Income from Engl&Nd adrnintst(￿ by HQSFrf￿ UK
eceipts the ￿Vernm￿r fijrlough schem& rnostty benefftts￿ sh
Rate5 r￿le[ and rètail granE scheme5 frorn local
sfmenllr￿e and
At the same tlm@ Costs reduced due to a fotu% oft k@￿n8£0￿$ low whi15t thwe ¥ya5 a ofattiyity for nOrwar￿nt care xu¥itie5.
The resLIL ofthe abOVe￿rIable5 $ * wrplus Ythich wlll bolster resw¥es w meet i nEw reserve5 poIKy whKh h45 a W turrerndy protecE
thè hoswce from fLthfè Pf>t4nual uncen2irty aT￿Thd inttsme SErÈams and increased cost&
What Dtherffi￿￿ElII measures did we tak•T
When th¢ p3ndemic caused first national kJckdovm in Lite March 2020. Sr RId￿rd'S was is In a Stre￿ financvdl position but tsced a Very uncerraln
fiJrtrp like much of the rÈsL of che cothitry. With th15 PDtential threat to IMIUidilY ènd a focus on the need for us to c(xltinue to sww)rt par*nts we
aN>ro3ched our ￿fik. Barclay5, wh￿h we an •xcdleniworWry rei4vonShl￿ to Set￿￿ a 12m C¢rona*ifu5 Busine55 L￿n ICBILS
an) which wc ha¥e rewd the year en
The intÈrest or* rhe103n wa5 to ￿paId by the accounts￿ for this in rhèi<counrs15 to thow thp interp5t 45 a COsLand aftd
OPPD5ite income 5treatn in the lorrn ola grant from the go¥trnm¢nc
Th• swlor rMin38ement rEa55È5sed ro in¥e5t ID ynall capital items Ibdow £250k 01sF￿} in the ytrarwthkh r¢dwsd r4uiremeTrt
Sx cash.
Howhas patl*nt c4rÈ Changed dwlng the pandtymicT
A nymbEr ofour Ser¥￿eS haye wenced a reduction in the ofreferra15 in thè lasr year. Howe¥¥. the actmty for e3th has in[r￿sEd
reRecung the C￿eXty01Patlefflt'5 need. i.È there are mre interYen¢iws. interauions and care rrteded to $￿pport each pal¥iL Des￿ rhe ￿dE￿JD
dema￿5 of redeS￿nIng 5eTrice5 ITr a pandemlc and the additional PPE ￿rdEn. servi￿S h3¥e COFed welL The predthon is thar numbers ol referdswll
Incr￿5@ draitiaticalty In 2021122. We will con¢inue to monitor thÈ imp3tt 01 rhis Increased COM￿exrtYQI patient needs Co￿ne0 wrth the expecced
irtre4$e in refe￿$.
Vlhat Chang￿ do we want to keepT
ThpV1rt￿ model ernFloyed by rn3nyof Our servlcos has Con￿ With Some bwefits Vth￿h wè vrill kx)kto onto. A b￿nded ol Phy$K￿ and
lrtual wgagemert wlth patient5 to $￿t their care neods wthith èwbles us to bÈsr delfver the 5upwrt we haveto Off￿ is frKuS in the peded
a5 V+* look to respond to rhe pred￿￿d increase In referd5.
Page 14

ST RICHARD'5 HOSPICE FOUNDATION
REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 MARCH 2021 (Continued)
Thè luture
TheGre
Work to fini%h our &Jild 2020 pr4oct had started befotp pa￿em￿ struck The fir￿1 partwbè<t*wurted wa5 Thecrew the main 5wxon cfwhk
is showfl below.
The Green and a550th￿d ro()n￿ mnnert*4 to the rniifi Se￿On ￿11 [￿¥￿Ie4 belu￿lU1. th¥ap￿￿C aTrJ SUppDrbYe￿￿rOnrnenE for
volunt￿$ and staff.
TF* a¢fio1￿1￿gart studh). exerclse studlo. mu$k and flm thwdpy roo￿ comFlemenTary thernpy ro￿ and PAir (pcurebelow bplye
fvrnithedl ￿11 proykk OPPJT-Ybrties to care and eng¥e￿1th our coynrbwnity.
CoYh4 restrictyon mll had an tffectort how we cwld ddNer 5￿ceS at the 5trt ol rh&%nart¢Y#l fftr. A reSE0ra￿ wykes iMplwnen￿d EO
wre vthen we STrirothce a itis SD in a CO￿r￿l￿ated and safe ¥¥ky.
Thed*fèrrtl in Swd1￿ on (Ipit31 rtems during the financrdl rèar bE re$tarted nov4 we have suffl*¢nr re5erYes.
Pap15

ST RICHARD'S HOSPICE FOUNDATION
REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 MARCH 2021 {Continuedl
ion Yaluts
Our purpose (ID briE()
To care for %thth a serious Prove55N￿ Ilness improvlnK thetr w￿lty oflife fromd1ig￿S. dllring treatmert and to thtyr Pdst dayx We also SuFwrt
the￿ loved one&
Our ¥ision
That prylq afftcted by3 ser￿u5 w0￿essIVe Illnets And tholr loved ene5 haye acce55 to i raryeoffree. excelent care and 5upporr tQ them to I
IT￿ to th¢full.
Forwhom d(J we careT
Wetsrefor peop1c¥•th a seriwstwr￿IYel￿ne5$ytho havecomplex needswhich cknnorbemetbyoth￿SQTV￿e9. TPRsesnC￿dec3rnCerand ￿￿O￿l<al.
respiratory, cardiat and renal <ondits0Tr5. All our Ser￿tr$ aré a¥￿L￿le EO peDple r￿lstOr￿ k>urh WOr￿Ler$h1re GP. {￿r In-PIDeiit Unit tAre5 for
Icr055 Worcest¥5hiro
Our shared values
- IAaiiionEhips al .kK75p we c.:Ir. irypr4rt. r)i." -:r..J Ih- I￿ller ron 'rbr
Conipa55k)
ring
Coffjmitted
Carlng
Prof￿￿1￿￿￿1
Cornmltted
Prof•aion

ST RICHARD'S HOSPICE FOUNDATION
REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 MARCH 2021 IConDnued}
(hJr serwi¢*$4nd howthe meet our w
e In detsll
C3r* is prti￿ded by St Richird's H05Oce clin￿ Nurse SpochlSK5 3nd Hoswce at Homètsamsw patywts %%irha limiuTrg illne55 and fvr loyed
one% ID thwr home. ¥vhwe homè is ￿EntifiEd by the patient 15 the preferr& ￿aCe of care.
Multl-dists￿lr4ry Lhy Ser￿￿ prO￿e enaLln& rehabditxtive psycholwl jU￿rt for patknts ro live 45 wdl £5 POSSI￿È lrfe lifflityns
illntss. This 15 athievEd by monitoring pajn and other physital symptoms prov￿1￿& adYirE ¥uldancè LO families and loved t)n@S and other
supportiTr4 rhtt4ies e.g. aromatheripy.
Mèdid ath4lcèto Gen¥?1 Practitioners is problded by St PiCh￿&S as apprwmt
Berea¥er(*w supp¢rt and c¢vnseiiing L% probided lor family and ¢Mes of forn￿ Patsenty both pre and post A bespoka b*r*a¥èn￿mt
serbie* Icomrn¢5S10D& bythe NHSI IS prtiwded fOr5￿den death &E. su￿tand road trafk Xcidents.
TelEphone access tc inbrniadon and *ptrsrin8 for the weral PUL￿¢ and health and SOC￿ proknlo￿5 via our GatthY4y Serv￿ ￿ by i
te3m ofoinical Nursè *eciiliSts.
A 17 bed COn￿￿t IL¥Y In-Paiieni Unit Vrirh fv11 Mulfj-DlscipllnaryTeam 5uppor¢ includingi desYlna￿d rnethcil team.
Chaplaing and SFirthal 5uppori 10 provide multi-faith 5piritwdl help an¢J 8uidaTr￿.
2417 tdethne advire 15 aYaiLAble our Gitevrdy seryteand Clhiical Nursespecialist ICW (Jn outolh)urs. Gateway seThlcÈ% pr(￿￿¢5
a"triy- 5erwce In hours18.3oam-5.￿pMl and to a Ye￿ph￿ne advKe line kd by a CN5 en ￿1 from S.￿￿- 8.30am.
Vdunteer 5wYKe5 pfcY•ide traiDed volunt*rs to gJFyortw*nt& Fdmilw carer5 a¢htyiw in Day Serv￿5 the In-Patrnr UniL
EdL￿￿on and ¥pffi￿ls( p￿liat￿e and end of lile ure for helth and ¥Jcipl rare Staff, srdff ind Yolwrte£rs is WO¥id￿ by
bespoke edur4tvn to￿.
PartKipatw and e[rIag￿r In aPpr¢wli￿ resv4r¢h Iwj by the Natyonal Irntitutefor Hèalth RE5earch ainical Reyearch Nets¥ork. West
Midlartd%.
ectvieJ& ActI￿deS
Thesrrawc Objecti￿ setfor the 2019. 2023 7re.'
t)EYek4> pirlert ser%*e5 to Meet the spec￿1$( rththllrAti¥4 p￿lia[￿￿ ¥hd end of lrfe care needs ol patthrs with i Irf* Ilrnitin¥ in In-
Pai*M Unit and the ctymmunhy 24n.
Devew and maifttin a flex￿1& mvlti-5kn1kd V*yrkforce WNI be equlpp& to meet £h3ll&y oldeYekpSng SPKi311st p￿111￿￿ end of
lifE or
Mpintsln resprw ofat le35t 6 r￿nthS ofrhecharl￿bI￿ to￿*￿.$ exwdirurt.
SusraiD gwd rdatiorts wKh all appW￿ltQ NH& fjylc￿ prwaty and vduntsry and cemmunny se£ttt rArn￿r5.
Delwer hryh quah'ty p￿lIa￿Ve and end of lrfe in Wortexershir¢ by the bBtter Int4rthN cf the pro¥151￿ ol care p¥thers and rnost
t￿￿le￿[ Use Dfall a55ots and Wigtions.
Nurture 5raffar￿ volunteer and rer¢Thd￿ by i y¢x¢tyve HR policy that erKouragtt y)b satisf#ttw)n through god marwnL
inify ind ppr5(>r41 d￿￿pM0￿ p￿￿Trin& while afkrkng r¢￿1￿￿ (knan¢iil refftunwaty￿.
o￿lA lory term eontraC¢S vrith NHS Commissi￿er% tr othEf 5tr1Utory I>Ddie5 that prov1￿ 5t Rkhard5 H05p*e ￿th sratutory fundi￿
serte surwt that conlorms to n#tiDnal ¢arrfffs Departtpent ol Health 8uidellnes. and Stratsglc TransFormat*)n p&ns IDr Worce5terthiro and
Hereford5hire and en5￿ that the finandal ilhcalon c(M)wrÈs tsv(￿rI￿Y ￿[h nAdL￿al c0thlmrt￿n to IThdep¥d￿t hospKe5.
In aclievable annual IncreAse ID Income from fLthidASi￿ and 411 ¢¢mmoroal aetyvme5 to c¢Yer increa5e5 In ser¥￿e& inlation and any
redu￿￿ In srthtoryfuThJlng that rniy impact upon S¢ Richard's H05pice.
Develop and m31ntsiffl St Rkhard's Hosplce Prtsfi￿ aEr055WorrEsier5hir& avd othw are35 from *thlch Patients com4 as the1rxC￿iCe charlcyr
wpwrt.
Broaden of yo￿t￿eerS to take Into accournt ILL)I démogrwo ond cU￿ra1 ittitude5 iovfards vdVnre￿Tr8 and
crease in ¥OlL￿tering r<AoL
HOs￿Ce ￿ nola platè. itis a plilosophyatCXr@. WÈ provide free PhY￿ClI. socknl. p&ychok)%ital 4nd 5pirltyal care in theforrn of speoalL%t medical
counselllw and care SUFF￿*£0 parknts with tlncer othw lrf+lifftitTw Illnessx th*r faNMlies Ind {#￿ Patenr trdre is prnwded ar ￿Me. in
r￿1￿ horne% in rEydwtyil homp% in the cornmunwhosphth IThr￿ W¢r¢¢stwshire Royal H05Pltat5 Aojte NHSTrusG atWiWw(xMI E)rr¥< orwhwever
thÈ patient
Wework cbsdywith OLY comrnunicy and ho4)itat tdlwues troffl rhe NH& Ser*e5. local nurshg horna&¥￿ othw volunriry SeThi￿ yowders.Ml
our bycrt enPAnce5 the care and supwt P31ienrs ind f4miliE5 re￿Ne from statytyry
Ojr care Is unconthnl, noTrludg4mBnral ind pra￿d￿ Iree of thrye w al at rhe Poinr of deliw, rydl¢ss of creed gÈndw, ethnk or*ill tr SOC
back8rowd.
Em
and Volunteers
5¢ RKhard's H05plce has a RemunenrKJn Comtnittee thairEd by the CTrulrrrao ol G￿e￿Or5 with th￿ Governors ar￿ atwded by the CEO,
HR M4n4er and Directw of Finance and Informadon. Each year it reYiEv￿ the ￿kneS of all members of stsff. $4kne5 for senk)r managemwt are
ben¢hmarkÉd Wnst tha Crontr Hoswtè ?nd Charityes Rth¥ards reports with CO￿derI110n ro r￿ty￿1. West Mldl3nd& median.
Addrion311y. Con¥d¥atwJn is gNen to NHS 4n¢J wfvate svtsr conyarors. This process Is apylied ro s¢ttyng the remL￿wa￿an of kry man3prneTht
P¥50￿￿£￿.
Pa¥e17

ST RICHARD'S HOSPICE FOUNDATION
REPORT OF THE GOVERNORS FOR THE YEAR ENDED
I MARCH_2021 (CoDtlnuedl
11 15 charity poliq to fvll fdir consideral￿n to app1Kati(￿S for employrnent made by di5abW per59ns hawng regard ro rhe p￿￿uL￿r abilit￿$ ind
¥ptlwde5 of eath appI￿ant and to the requirements ofvarnnt poSTS availa￿e. EM￿0ye@S who bÈcome dlsabled In service aro retainedwhwe possible eith¥
in ththr Oyffj or more suiri￿e p05rs. Stsff vdunteers a￿ kw ¥ to date ¥￿th ho5wce mattff5 thrtxrgh a weekly new5*rer and tht-ln T•wh° ws
Sheet senr to all ¥o1untoer
The chanty is upon ffs 8CQ+ ¥olunreers work acrovs the full ol Ks p3d•Thr S¥￿e5. In shops and knndrai%e. During rhe COMD 19
pa￿8￿1(. ink>rm¢d by That￿TraI guidanco where It béÈn safe todo 50 ow voluTrtev5 havccontinued Lo support U5 in maryways- shopplry fr)r and
ddivering Iwd to Yuknerable patientsat home. ctrllectin8 PP& and ret8ptson are i ￿ examp￿5 of th
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ST RICHARD'S HOSPICE FOUNDATION
REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 MARCH 2021 IContinued}
rate
icRe
STRATEGY 2019.2023
St Richard's Hospice
Looking to the future 2019-2023:Strategy map and matrlx
Developing
eX￿ptIOnal
pab'ent care
Sustaining
and growng
our Income
Nurturing
partnership
and
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digital future
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Pr•f•*•iiwl

ST RICHARD'S HOSPICE FOUNDATION
REPORT OF THE G
ERNORS FOR THE YE
ENDED 31 MARCH 2021 (Continued)
Strate8y- Non Cliniral
ent
man
lans forfirtu
Folowkng marcfial fundTrlsing (arzets on the prvdcu5 paF our finantial revrtw ￿ as fdlows..
5t Rkh*rd's H￿Pitt Foundatsoil
Tool intome for theyr wa5 £9,563,66712020- £7,946.Y781 Toral oypenthture was £7.12156111020- £7,191ts0n.
At 31 Marth 2021 the ch4riW5 unresEritteO fvnd were £1&503.65712020- 116,144.6131 of whlch £12,674.165 (2020. £11.016.2611 ryesented
de5iinat*d trn81￿e fixed a55er5.
The HospKe 3ctMtie& which are provided free ?IcharyÈ. are wim3riky F￿nderf by p￿11( dDnatit>nS, fundraisi￿ xtMt*s Ir￿rne generated bythe shops
Opèrat￿ through Sr ￿5th￿d.5 H￿P￿e Trtding Co LIM￿?￿. yJpported by a servicecoMTrartwith the NHS.
The re5tyLed funds are deraikd on wes 36 to 37. TorA rns[r￿d fvnd5 werp <107.383 Q020- £25.3181- The main factor whlth 5nfluen￿ the financj
in the year the GO￿rnmÈTht,> response ro th?Covid 19 ￿ndant. ￿ the *orm dadditwal supportfer Hosp
St Rlthwd'* Ho$￿£ÈTradIng Cornpany knrnitE
The comp3Dy werArcd Su(f￿lent fu￿$. net of 8rft *ded 531ès, to be a￿e to d15tribute £507.(1)712020 - £517,462) Irom o[¢rad￿$ in tts shops ar
warth(wsÈto the parent charty. TO￿ Inrornc, Inckni&ng iThcome frorn the 5wle olgifLaided dOr0￿d good& which 15 ret<Aed in rhe Thariy waj
a134.87712020- C2,946,5911 and dirttt eywd1ture ￿¥￿ £1.743.99412020- £2.179.2851.
The Group
The GrY)up'5 r￿￿lES Sht￿ iotsl Income [￿CIl￿￿1￿1 v?int VEthrel OF CIO,7&2560 12020. £9.981,124I. Net W35 £2.CQ&171 (2020. £755.1711
4ftcr Including gains on iD¥e5tment5 fixed asset reYalUat￿n5 01 £434,93811020- 105s £157,1801. the rtr m¥emenr in Q441,109
11020 . ￿97.9911. Tor￿ ro5ErYeS fIg￿re imounred to IlQ611.040 12020 . £1 &169.?311 and ryeSEntS Unres[r￿ted re5ervtt of {18.503,65711020.
116.144.6131 ￿ rÈsEficLed reser¥es of C107,3È312020. 125.318).
PRIORITSE5 FOR IMPROVEMENT 2019.2023
PLANS FOR FVTURE PERIODS
Fu￿￿1￿sta￿erS are g¢t as pjrtol aThTru￿ pr¢It￿$.The D*ee m¥n 50ur(e5ol I￿ome ￿ the hospKe areIr￿Ped as follDW
I-. NHS
2.. Donaiion& legcw and fun&ai%ing v4ents
3.. frt>m Shops
NHS
dger for thts stream of Income wa5 set ?t3 iÉro on I￿￿31 fvnd5 received ITh 19no. ￿ Rbtharrfs manyd toa£Meve a 2.803% uplifr ID the level
of NHS support In rho por1￿. In roSP￿se to the COVID I? epidem￿ thè tharfry reCe￿d additiunpl gr￿￿& tOLIll￿g £357.912 frorn the Hwybrd and
Worcesrershire CCG, a Ctnfd ggverrmwr adtnini5LÉred ty Hosplce UK of£l.n6.921.
DONATI<)NS. LEGACIES AND FUNDRAISING EVENTS
In Èarly Mirch 2020 the ernerwce ofthe COVIO 19 eFrfdeM￿ had a signrf￿nt Impact on ow fijndr￿S1￿i ie5[rthons intÈrtttion and
travel meanrrhar311 fareto Face fundraiSin8actNiue5 were curtwlEd from Marth 2020 and all 5￿p5¥￿er￿¢l0sed. AlternaDYern•an5 tsf tundralslthg3nd hosring
e¥ents ¥vere Intiared, induding several gJcce5sfvl online 3nd virwil eYent& A resdienre I￿￿d was set UP and a W(￿5[u￿ 3ppd Sent OUE w supprsc¥&
When CQVID 19 fundlng was made avaiknble by gomè pdyare Trusts, the I￿￿5 wèrè ful￿ ex￿ore0 and appli(3tKJn5 made with a gtr)d degree ol swcce5
TO￿ inEome forthese source5 e¥ceedtd ￿d1KbY Over £199k In they￿. Akhough events a￿d chalÈnEès aChI￿VA ￿Uk$ ￿l￿￿￿￿tIY iwd¥et due
to rhe mpact5 of 19. thi5 was more (han olF5et by lep¢y and Trust 1￿CoMe bwn3 5i%nthttnd¥ h*her than bud¥Èt
INCOME FROM SHOPS
Sr Rkhard's HospKe Trading Conwy Ltmired had adi5triLwtK)n tsr8Ètof U40k 5etlorthe fin3nCil year 20ni. made up tsf ner wofir lor th¢ oryanisarlon
gi￿ i￿￿￿E on sttond hand good5. Total amounts rdlsed apinst thi5 tArseL w35 £559k. This tar￿ wl not 4reÈ to the audiced accounts a5 this
n Inr•rnl measure created u5in8 3 5q>aratÈ method of Meas￿rI￿ performantè. The cornpanyexperwcd pericd50f cbsure wihin thE&nanEial year
dvp to Cti￿d 19 the eltKr of which mkigated by gcwernmwt r*tail granrs a Su￿e$s[vI business int4rruprk)n knsurance climn affld raw rel￿.
Thec¢5t oflundr3iSing activit￿ in the rtduttd ro £2.716,43Z11010- £3,186.4541 beknga consequÈncèolnoirunniThg Fthywcal fundrw51ll8 eveni
Page 110

ST RICHARD'S HOSPICE FOUNDATION
REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 MARCH 2121 {Continuedl
Strategy- Clinlcal
A summary of che effetts of Cwd-19 has been yven above. Activity outputs for somè of our ser¥ices are a5 follow&
Llvlng Well Attendance
11JO
90
•Arts and Crafts
Coplng with Illn866
uF8tigu8 Managem•nt
Qmanaglng Breathlassness
•Men's Spac•
IIR•laxation
81
78
80
70
60 60
60
50
40
30
20
10
57 55
29
•Sharlng Storlès
Tal Chl Sliting
•Tai Chi SlttSng - Thursday
•Tal Ghi Sitting - Tuesday
CNS Contacts
5.000
4,500
4.OIKI
3,SOO
3,000
2,SOO
2.000
1.500
1.000
500
Apr May Jun
Jul Aug Sep Oct Nov Dgc
Jan
Feb Mar
H1: +19.0%
H2: +5.5%
•2019120.. 39.085 ll2020121: 43,878
Overall:+12.3%
InpaJ•ntAdml$$lon$
37
3S
34
32
34
29
31
25
27
2930
25
25
25
25
2324
22
23
23
20
22
18
18
15
10
13
llknlmiidlillll '
Apr May Jun
H1:_12.0%
H2: +10.
Jul Aug Sèp Oct Nov Dè¢
Jan
Feb Mar
2019120: 304 m 2020121: 299
Overall:.1.
Pagel I I

ST RICHARD'S HOSPICE FOUNDATION
REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 MARCH 2021 {Continued}
Acti¥rty br 50rne s¢rritès were aff￿d rnore than othw5 during lotkdowns with Li¥ir¢ V￿1& attendaKe5 at O hr the moMh whKh was follow
bya Str￿1 rebound actywty 15 5oNce5 VAS rèstoréd.
Comrnents frorn 3ervicE 3nd th*r kmilies contynwd to be which an Indkatlon olihe ￿*wePer[￿￿￿d dufins th￿%* challènOr¥lmex
'￿￿enIng to other People soying they ore very frightened when they connot get th￿r treGth helped me to know l om not
the onty one who feels like this. It is very frightening. but l om leqrning thot ifothers are scored too und are ok. I can be
Sometimes doctors 0￿ busy and do not olw<Jys hove time to expluin things to me obout my treaihlessness. In ihe
group there is more time and it ts eosier to understond. We t711 have different illnesses. but we ore all breathless in the
group so con help each other." (Patient Februory 2021)
'WheF) Nom b￿ame terminolty ill. and the GP suggested thot she spent the rest of her tirne in St Richords Hospitol. I had
my doubts. but she needed the specialist end of life cure Pockage. that we could no longer could Provide. So reluctontfy. I
ogreed. Mth everyone else. and it turned out to be the best decision we could haye made for her. The stoff were excellenc
the care, omozing. the building, Erea¢ and it's sei in the most be(r(rtrfulgrourtds, too. It mode her end tim< ond the inevitable
ssin& certointy that bil more speciol. ond I wouldn t hesitote, in ogreeing. the next time, onyone osks me the same
question. t7s St Rtchord's ts the most remorkoble Ploce. t7nd we'll fO￿Ver be in their deb£" (October 2020)
~My beloved dod spent his lost 2 doys ot St Ibchord's before Chrisvnas. We are so immensely grotefvl for the wonderful
care ond comPossi(m he (ond wel received. The stoff we rnet were so lovely ond lind ond it gave us comfvrt ut such
"fficult time. We thank oll the amazing staff from the bottom of our heorts - we could not hove wtshed (or ony more
fv our omozing dod in hi5 finol d(ry5.
danuory 202 IJ
I￿alL(￿ar￿ardS and clinic￿ quallty
TheclinicAI work 0151 Richzrd's Hosptè is SuFyt to audiL re3i5trauon and compli4￿￿ bYth￿ Care ¢Jality Commis5iOD"Health and Social C4rc Act
(Rqulard ￿¢￿(*) Régulat￿S 2014 par[ 3- "CQC IRe8i5trationl rozulation5 2(K)9" FO10￿n8 rewstrdtic>n. theré is On%tsing monitwing of St
PJ<h3rds cllnlcal qualiyyrd a yarw of sour￿￿ ol1nforT￿lIts￿ xce55ible dark On 9lulle 201& ¢hp CQC ratEd St RKhir&s $W¥￿e5 oY¥all as gwd.
CQC ins￿¢t￿oN area ratings
(Latesi repJ1 ￿￿1$hed on 9 J￿e 20161
Safe
GcLd •
Good •
G(￿•
Othstanding
Goc*J •
Effeclive
Carv
Res￿n$￿e
l.led
The Hosp￿¥￿￿dS lisown quarterlyCl￿i￿aI [￿1¢Y& PaLiEntSakry su￿COMMIttee￿eeckn15 whKh aTra[Ler￿ bytwo Goyemors *there qualry m*ers
¥¢ r¢y1eY￿. Thc Minw ofthe5e Th￿￿O￿ares￿bmltt£4 co rhe krykeIDev￿QPrn￿￿t ￿b-CommIt￿3nd the Councll OlG￿ernOrs.Addlty0￿alIY. annuil
Clinit31 Qualiiy aré tarfed ¢u¢wlth NHS Cornmtssv)nws.
PRIORITIES FOR IMPROVEMENT 2019-2013
Summw7 ofachievements..
Impr¢w¢meftt Pr￿rtty I: Dvdop a clin￿￿7 Stratw aurlnes a clear cllnKal vj5ion kn St R￿h3rd.5 clinical wrns In Ilne whth Susr3inabllity ind
Transformatton Partnw5hip ￿TPl Oprhtse5, Ytideffjingaccessroend of lrfo Gir@. thèdÈlw4ryof•xcèptional person-CWtTeJ spec4listend ollife care ihro
contynuous serYKe ￿nprO¥¥￿￿t confirmed by positwe Wback frotn p4fjent5 and k)¥ed one5. Partially tomplèted. *went has taken place
*ith staff. partrtr oryanisations and patients to detf rmine thÈstrateg¥goinE fornard& Thls work rontinues thecontext of the global
COVID 19 pandemk.
IrnKYOvémant Pylorlty 2:
Asplretoan Outstandingraringby CQC fdkJwingthÈnextunannouftced visit. Partially completed. Although noCQC Ylslt kn the ytar, St RIc￿rdS
has been acknowledged by the CQC as am exemplar in it5 res￿nse to COVID-I g.
Patt112

ST RICHARD'S HOSPICE FOUNDATION
REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 MARCH 2021 (Continuèll
Publ1¢ B¢n¢fi¢
TheGo¥errbJrs Cons￿ert￿t tw havè tornpl￿ with thedury in Sethn 17 oftF*CharitiE5 Att 2011 and have rÈf*rrÈd to guldant•COntsI￿ [
Charity ConThssion's general gupjante on puiAic reYYdwin¥ th*r alms and eb*i¥&S and ITr pLTnnini fvrur•activit*5.
St Richards Hospice clinK415ervice5 are free to all.. tyeath d)e5 nor thscrimlnatè 2nd néith￿ do￿ St RichArd's in offwn8 a (evd of $p¢cwli5t P￿liatrIe care
that the NHS cannoL Thèon￿ roll limit upon our 15 the4bdrty to ra15e tsids. Kn￿TrE that art Ilm1￿*$& the cornmunity
refers padents to the Wce who are ITr g￿teSt need of caro The number ofpatlents thar Sr ￿thIrd.& h¥ been ab￿£0 hdp in 2020rLI ts as follow
Cate80ry
2020ni
2019120
Number oIAthhI￿iOll¥ to the In-Patywt Unit
Monthty aY¥age ol Day Hospice rAti￿lS att8ndanc
Nvmbpr Nurse Keferryals
mber Df Farnily Client Contatt%
299
53
894
304
1.02S
IQ733
.¢les (Protecti[￿ and 595ILI IDvestrnenJt Att 2016
Th15 rewr covers rqu1fw￿￿rS tharfrle$ MUSt￿￿W # set ort n the Chanues kn 2016.
We ￿Ph￿d rl* st¥thrd5 in how we <omrnunka* ￿lIh WFKJrtera onsure that ￿r prattth rn* the reqUirTn￿￿¢S ol the
Mrne￿ed Cedes ol WÈ4rè wilh fvndraising Regvkn. vthjth the stsDdRrd5 fOrCharth￿fvndfaI￿ng 1rdwe￿wrI
tFA¢ our hjndrdiyng ￿ respecttLI. open, honest and AttOUntrb￿ to the publi Donors to St Wchard's hOS￿tÈ be assured VTrE compty wth th¢
lU￿ory for kndraI￿￿ E￿dence of m@mbrrshtyJ can bÈ found hpr
Id
We arp 1150 swed ￿ to the FLndralslng Prelerwcekr¥k• to 4nabk to w ourfrom recthry fijndrri5l￿ c¢￿n￿ni￿￿￿$trvrn
Yau wlll find St Rkthar&s ￿ndr￿Sing prornise Gn thE ho5Pte w*5¢e weAv.5￿Chard&O
. Lies1bn.a￿￿.dlln1tiTr
ksTr&wlth our Gulde tv successi￿ Fundraisinglor thosetylshltyk to lundrwse OD St RKhard'5 beFAII Thi5 indudes a 5taternentab(wt Thon￿5 bel
&Je rorh¢ chariry 6weth5 ofthe eyenL We moThiwr rhe activity thruulh ovr CRM sytem U￿￿£ the 5y5t*n %*h¥è w)wble.
fundr4WngwYke provh1er5wevl￿S￿, t0￿sObE Siir*d up ro d*cvde.
Wt ha￿ no repo￿ of any falure by thè charty. Qr P￿n on its bthalf. to ￿M￿Y knndrw5ing standards or ¥thw￿ tr lundralskni
that the (￿r￿Or the per50D OD its tstha1fh￿ wlunuriLY SubsrribEd to.
1¢ C05t us £8.7m to provhle our hospiCQ seNcÈs chis yw. Approximat* 47% of came from staurttty fvrAlng and %*e n•ed to ra￿e the b*rt¢
tWou8h fUndra￿1n8. Th￿ ￿5￿31￿ hlgh of frjndiry from Statutory due to gOver￿n￿ wpport rdatyry rg Cowd 19. and Is r*X
articipat& io be repeared.
Ow luntha151n8 effort InvdYe5 ￿Cou￿8[￿s ¢kna[￿S and in vrills rUnTri￿ campws and e¥￿ts and fuThllrpd from Trwt & gr￿t
orpnisationk In the 20.21 knan(ial year. Income was 1rnp3c￿ by the Co¥AI 19 pindcmK, wrucularlyfrorn fijnds norrtHIy Th5cd thaLkngeevents
and ho￿￿11Y, corM)unity e¥￿t% and iorpm do￿tIOn
S￿ra1 ofour In-house fiJndrASskng tearn Ire m¢n*ers ofthtlnsdts4* ofFundrnisingand c(￿unuewth thtir wokn40naldeve￿pMEn( toen5ure comFAithtè
%¥lth #ll thè 5taththrd5 5eT in the hJThdrai*ng Regul*ror'$ Code ¢f Fundraisihg PrzcrKe. We have a Gr)¥ernor de￿Inared to kndral1r￿
%Yho uses CC2V chetklsr f¢ h*lp mOn￿r and'sen5e theck, our Inc¢mègeneTrrK)n awvty. The des￿nat& GO¥Wn￿ attend5¥￿￿11t* training and
rneets vlth the SMT to ￿￿Jrecorn￿1lf*É.
Ojr iTr-hou5e fundraising team onpge ¥vnh third party 5upplier5 tc hdp us defNer fundraisiry inwprrie5 such as direcr miikr* orgenerate Trust
InctimL We 31ni those wcies and personnd ¥vÈ emplvy als9 observe h￿est sundards in terms of (undratslngpritsce Ind have 5thguards
in platt Véhe￿ wtsrkir¢ wth &uppliws so that we pr¢)tect our supwc¥s ar￿ the repuratitin ol Otsr tharity.
Our website oudines our comptsinES p<Ay Ior thp publK and clearly exFlains how in Indlvidual can Com￿rt We rxeNed 12 Complaints in the 2020-21
fin￿cra1 year, these were precbmlnandy around diLI inacc￿ra(IÈs. cOm￿al￿ts are dealt with in line WFth our fuhdraisiry corn￿"￿[$ po1￿y. Most semu5
compliints ire e5(31ated to our Senior Managemenr Team Isfffi Govprnor5 50 they can consider ￿50n$ ￿arrnt. Gownors also a regular
reponiboutcompkn'nts and y￿report¢0 the FundNsing Rwhtoron the Aftsll report is wo¥ided w the board ann￿llY financ￿lY￿ar
was ser*r to all trnard M￿berS *rh th¢ M¥rh p3pw
Wetjo wt cury out any teWir4K F*e.Itrfa￿ or d(x)r-ttrdoDr kndr4i5ing.
AJI fvndratsiTrg acdylry cc*npl*s EU GonÉTal Dats Protettion ReguLiiun IGDFftI Imroduced In May 2018. ￿0ML￿c￿al yods $*t¢urlor fundrw*nE
pvrpose5 use ofour lo80 ￿ extwnal fundra*iry mltthils is to 3pproYJl.
We hoH k full lice[￿e i55vod by the GRrnbliig Cornrni55ion and athero to ru￿$ 2thd regU￿ty0￿5.
We have an EthKil on the Acttprance and Refus￿ of DonatiDll5 states that we ￿11 &) our vtrtK)5r to Sor￿e and atcept fu￿5 ￿￿t￿ the
pr¢SUMPti￿ thJt donation$ are in gctsj and that refusal mU5L be only yn the 5tr0w gr￿d% Thè wlky set5 Out ￿￿￿tt￿terS ￿ which
donations ran and *vJld bE rdwj and how the Chariry goe5 atr¥)LQ making deri￿0￿5.
Paze113

ST RICHARD'S HOSPICE FOUNDATION
REPORT OF THE GO
ERNORS FOR THE Y
ENDED 31 MARCH 2021 (Continuedl
I staff at the hospu Includiry fundraisèrs￿ comFthan¢and this Indudes tfainingon $3Wardityforvulnerknle adulrs and for safe8uarthn8 thildw,
The Fundraisi￿ Direttof ￿12 corn￿13n¢ and all othws fvndrrising we tywntyl to knl l. Th& be ev￿￿(ed agalnst every indi￿&
traini￿ rerord. We have pUWiSh￿ our ¥ulnerablè persons pdky ￿ ow web51W.
We aTe also syed up to the Futhdr￿5￿8 Pre￿r￿ce Sornce tts ¢Thab￿ Indwbyu￿s ro opr out fr<Mn re£*¥ing furK4raising comrnun1cadon5 from W
Ktyoned 2 reqve5ts from this la51 xw. In xddititsn ro our Fdky wo habe an ygr*Èd awatirg Prc￿Ure to VQ¢Ltt vuknerab
Prirb¢lp8J finanaal manaKemerrt polldes
St fiKhard5 PTEParnS an annual budge¢ apyoved by rhe GoYwnDrs. MVnr￿Y accDwKS are prepar& ind discu55￿ ￿th the SenKJr
to tngure that Y￿larIN Irom the bud￿￿re mnlrored ind UP￿ as 3ppn)ware. Cowes ofthe WnthlyiEtOUn￿ are (irt￿l3[ed io Governor5.
TheaccovThiS are discussod #tthe mee￿n8$ ofthe #nd Conwnlttee 1forrner￿thV Fin3nte and G£n¥al ￿￿ose C¢mmltteel and CounEiI of
Gownor5. tsh baLRnces in excess olst ￿th￿r&S immedP&te requKemwts 3rw ￿lead in Inrvert be¥ir¢ depost Ktounts 3nd with InY•scmgni Ad¥w5.
Priiicl
St fvchard'5 a tonvehw5￿¢ on-gL¥ry 5y5twn k)r risk issessmenE and man4gemÉtrt. Every week rhe 5eThior Mana8*rent T￿rn mEe[W￿ will Con5K￿r
Iny rlsk ro the charity. These, 3nd anyrw remed￿71 athon tskw, ￿11 be rèp)rrwJ the ind 8u*ness Conmmirteeor Hospice SwYKe5
Cornmiiiee dR[ moÈtrw&Ay. as approvi1￿ This wesents an (rfJporvJDKy to..
Talk abDur prlnapal risks
Gr¥e 3 sumrwyofpknns
Expliin f?trors iffÈtting future perknrAnce
ARlskRegisterisman￿ed byth¢ChièfExecuDveand artheFNiancèand ￿sineSSCo￿rnItt￿￿X￿d thuncilofGo¥emoT5rneetywasappropriate
OnE of thE will[1￿ nsks and ts¢iftg the Hospke rektes to the f￿dIng01the tharfjty. ParUcu￿￿r Impact oltonsErain￿ or redKtions. on
Sr￿￿[￿ry fuThd1￿ a 5rynifi￿nt reduc￿>￿ in gtsnr tru3T or Itp¢y Income. and a dovmtum in from the tradiTrg sub5K&ary cornwy. T
Hospke mitl8ate5 the5È risks ty f¢cu5ing OD the fr)IIN%in
advantr3e olappcrtUnitie5 w reduce costs where dNS Can be done ￿thoU1C0rnprvMl51ThK Other hospKec*iectwe5
To contin￿tr* pursue the o*"etrive of diyèrsrfying kncoffle 5tream5 50 that the irnpitiof 3 redUc[￿n in aTrYo￿ iKorne 5trEatn Is less Sign*Kant
ro the WpKp'5 a￿lity to 3thEve Its 8031$
Hold 5uffici*hL r¢*r¥¢s w albvff it fime to iddre55 financi￿ as ty prp5ert thÉn￿￿•S
The Gownor5 of St RirhHrd'5 Hospit• F￿JnOa￿On have underrdkn ¥ revitr￿ ol reseThe W￿¢Y in aw)r(knce ￿th their to dc thi5 regulady.
Up to the yÈar ended 31 March 2020. the rh3rW5 polity requlred Ir to aiffl tg ￿r*S￿ri￿￿ of 6 moths ofch3rity Evend￿￿rE. Governors
havE agreed ro re¥tse this mth¢d ofd¢rWmlnl￿ i raryeL re5er¥e W, with ihe ￿￿[ re¥￿ resulti￿ in a pdicy th3t kjoks to the fuvJre Eo define ar
quaTrtify how rnuch re5erYe5 sh)uld bE hdd. censthring..
PotEntK)I vcAarllty of budgeted tuture inrome 3nd ewsiture
The c05tol knr)wn capitsl pro￿5 need￿ in th* Dex¢ 5
Struttural budget
Redund3ncytr>S¢S rh• eyerst of an in5thency yoEedure
Fdl0wi￿this rev￿w. itNW caku￿r￿ that the amDunt to be Wd In fre2 re5eryes t* £3.818k. The b3lwce5heot at thè1￿ ended 31 Marth 2021
5how5 a free rÈsÈrv• poskbr* of £5.829k whKh 15 n.01 Ik Over the nthy reseThe w)IiEy.
Governors are CWTrHttÈd to r•M￿fi cautlous in of the 4conomlc erNkonment in which wefind Oursew whi15t 3150 rKoL￿s￿l the nee
ro iffl¥e5t ID clini¢al $ervKes and Infras¢ruotyre beyond c¥ital projects IKluded in thp nEw rèsawe pc4iCy. They are also fo(u55Ed wwrin¥ that
sufficient re50urte is a¥ailable to rhe organ$ation to enable capitali50 on a maturing di8Sul sWateEY. AS such. thE thariiy is ￿l￿rn￿g to reserves
3bo¥e ir5 cwrent taw Whi￿ Oobal unc￿1rtY rerrans.
arÈ ￿rnes. as J re5UtofYthith re5tr¥e poliy will rnatt¥ Su4ecr rc fvuent Go¥errt)r re¥l¢wlor theI￿esee￿b￿ futwe.
Pwl 14

ST RICHARD'S HOSPICE FOUNDATION
REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 MARCH 2021 {Conunuedl
ltt¥tstmoht
Them40rfty ofthe Fi￿nCilI Ihvestments by the Group are nwi4Ed by C105e A55et M403¥emeDf ICBAMlwhlch wa5 appo￿ted in
Aprll 2014. The investmenr target i& CPI + 4% Marth 2021 wa5 4.7% (March 2020.. 5.5%). Accual pwftsrman￿ of all invEStmnr cknes i.e. thos¢
4wed by CBAM and inves1rn￿1WopOrnY in thé yèar was IS.9%1202tr..2.6%1.
The hospice's In¥eSirnen￿ are 3 mean5 to earning reyenue to whlch furth¥ the a)ari(y'$ wrysp. The rlme horizon lor these lThvestmentt IS
104 ye2rs', the p￿1￿) bwn8 EO m&lum risk. Inyestmenrs 4tt noi I[￿dE In compan* turnover from or woduttion oftobxco. Income
from thesein%%trWS areiKluded in note5, wtal hicome shown In rNs notr 1% £104.21Q (2020.. É116.931I Df which UO.$2612020. £39.6561
vrAS intere5r Inrte 51. The pwlormartt of by tht eharw are re¥RW￿ rwlarly by SL ￿thard's inve5tynert temmittee *thich Is attwd
bygtyvÈrnor% $trff an iryvestmert marAg¥ from Ck>SÈ Brothers.
$tatem nt a5 to disclosure of Informatlon to avditor5
Insofar as Wath Governor5althE(hartyat the dareof approvalof this roport is aw3rèthwE ts no reknnt audif information Iinl)rmation nÈeded by
the ck3ry's auditor in coThnecrbn pryrtnlthe audit rw* olwhkh the cPArity's audiior is unaware. Each Governor has all olthe that
h￿$hÈ should havè tsken as a Gownor in order to m3ke himsdfther5elEawar* olaDy Inbrmat￿rn #nd to eStabl￿h that the Ihariy's auditor
I￿￿01 itrot informatitin.
sts¢*m￿£ offj
ts￿. re5
GO￿nIys (who are 415odrectors of5t Rkhard's H05pke lor the PUry￿ olwmpany lawl are IDr pryrSng th•
Govwnrr5' Rep)rt and ihe financAI Staren￿ts in Kcor<knceiYlth Jpplkthe law and u￿ted Klngdom Genertlly Acttptsd Accounts￿ PTrcikn (Unked
Kinidomkrouniinl &andardsl
G)ryany law r4uire5 the Gowdrwrs ro wepar• flnancI￿ 5tsr4m￿ lor ￿(h year. Undw compgny thtr Gownors not 3pkYove the
llninc511 sTrrtrn8nrs unlèss are that thw8Trp a trLE Fair ￿eW ofthe SL3￿0t￿l￿rI ofthe tharrtable w)wny and the gr<xp and ofrhE
IcomSFb¥ resour￿ 3nd ipplication of resour￿, tncludwg the IKome ￿pendI[Ur4 olthe gr￿P for that W￿d. In wring these hn4nc41
54tynent& the Gown4Y5 are requwed E
sekn 5uitabkacwuDrini poliC￿S and theTh tF*m con%sMrtr.
Obs￿ thg mgrkK)ds and in the char￿ SORP,
[￿ke judgements and eStiWA￿ thatare tyasonaNÈ and Wud￿n(."
srkte YthÈther UK Account5ro Standards have been foNowe& Subl￿t to mirwal dwrrurns disd05ed and exphlned in the
financial St1￿mentS. and
epare 5tatemenrs on thegcAng coKem b2&S unlègs it is Inapprowats to Frewme thatthechwitablewM￿rty ￿711 coTrt￿tse
ITh ￿sInESs.
Thp Governor5 llre ro5ponsbk for k¢wlnE ad•]￿te r•eords that 3resuff1c￿t to shu* and expbiTh the th¥iratAe tr3nsactioTrs.
dwltsse ￿th rOHsonab￿ xcurxy ai any dme the Ilnanciil POSitA)n ol thèchiritrb￿ cryrsy enable them to ensure that the hnan¢ial sla￿en[S
compty the Cornpanies Act I(￿ the provisbns olrhe ckrfry's tonstitfftK>n. Theyare a150 reswxi5lb￿ safÈgukrdin¥ the assets ofthe chwity
and the group and fer raklng reAl(xu￿￿ 5rep5 for the prevention detethn ¢ffraud and ¢ther *rwlantie5.
The Go¥ernrK5 Ire responsbk for mimier￿ncÈ and inteyiLy of the and fnancial inforrnathx IntludEd on the ch3rfrxb￿ ¢ompwy's
Leglslirkn In thÈ Urtltal Klngdom governi￿ the yeprntion and dissemination ol finan￿￿ 5ralery￿ts mirdlff¥ frtyn ley513t￿n in od)er juriS¢lctyons. The
Go¥ernc*s SupportthÈ prkntlp18% of good gwnance set OUC in the Charty Go¥emarK¢ Codtand use5 the Codetoevaluate it5 eftectPrt*55.
Audl
The 3￿rt0r. CrOv* U.K. LiP. wil bè proposed IDr rtr3pP&ntyn￿ell the forthcomlng Arlnual GÉnéral MÈetin8.
The repDrt of the Governors (Incorporadn8 the dlrKtors' report and the 5trateBlc report)was approved bythe Boar¢ dG4)verrK*f5 On
2021 and Sigrb¢d •n its bch¥f br.-
I P Cow-Ch*rm4fi
¥($1 Izi
P4el 15

ST RICHARD'S HOSPICE FOUNDATION
Independent Auditorfs Report to the Members of St Richard's Hospice Foundatio•)
Oplnlon
Wp have audited the fwuncial statemenrs of St Rltharfs H05pice Fwndati¢m ¢rhe charv2ble compan￿} i(S SubsId￿ri&s (the groLP) for the yewr
ended 31 March 2021 which cDmpri5e the Consolthted Ststemenr ol FlnaDoal Actyviw Group Balance SheeE Company BiL4ncc SW Cons<4idared
Swémem of Cash Mow5 ond note5 to thp finaDcial 5tsEements. In<luding sitniftsntaccounting policies. Thefinantial rwrrirE Iramthvork rhat be
apOied in th?r preparat1vn15 applicablelaw and Unired Kingdom SLRrAards, kncluding FinJntial Reporclng SuThYard 102 ryhc Finan￿71
Reporting 5tsndard aP￿rable in the UK arKI Iepublk ol Ireknd, ￿n￿le￿ Kingdom A(c￿￿tin¥ Pwiel.
In ￿n￿)rI the fknawil SratpmL￿ts".
Ewea true and fair Lhe Stste olthe zroup's and tho chAritsblÈtomp3nys iftalr5 a5 at 31 M3rch 2021 and of rh•grO￿,5 incoffle and
exwDdi¢ure. lor ¢lryEar ended..
have bew ¥operty prepared In accordante with UDfted Kingdom GeneTrllyAccpptrd Accoun[1￿ Pract￿
have been yep¥ed In act¢rdantèwlth the requlrements of the Cornp3nks Acr 2006.
Basi5 foroplnlon
We condKted our audit in aCCord%￿e lnterrtadon￿ Standard5 on Audityns IUKI OSAS IUKII and app1icaWc law. (Mr re5wsiblibe5 under those
5ta*d3rd5 3re further described in theALditor 5 rÈSFK)n￿￿4I1tyes lor tht audit ol the finarnc￿ 5Utcmonts 5ectKJn of reporr. We a￿ Indepwdwt of tho
8foLV In accordJnce wilh the echiC31 rewirerrents that are relewant t0￿r￿di[ of thÈ financiil statemenrs In the UK. IncluditE the FRC'S Ethi
StandaTd and y￿ have fuffilled ourother ethiul rÈlPOnSibillLies ID aCCorda￿e vmth these re4UiremeTh￿. We bolieve that the audit evidence %¥e ha
ot¢aIn￿ is and appropria￿ ro proYh4e a bash for our opifmon.
ConcluJion$ rdatlng to golng concern
Ir¢ auditing thÈ financ1￿ sratemens wc ￿ve con¢lud•l that the fNsteeg ￿se OlthE￿I￿8 concem bas￿ ofaccounrty of[￿ flnancml
statem￿tr 15 wrowiate.
based ￿ thework we have performed. ￿ have not id￿tIfied any matethl unC￿lD￿￿ rditing ro conditions ￿d￿￿￿allyQr C￿￿1[1¥￿￿.
miy u5t slgrml￿nt doubt on che charirable company'5 or the group s abiliry to contyhuÈ as a going conwn lor a period ofat103sttsYel¥e monthsfrem
then thÈfinaMcial stsrernents are JuthorisEd for issue.
Our responslb11th5 a[￿ the re5￿￿51b11in•s of th•Trusteeswlrh ryQEt ￿ 8oln8cLYKern Are in the relevant ￿10Th5 ofthis
Other ihformatlon
The Trustees ¥e responsible for Iho other 5nfortnati￿ conrained the annuil rep(xL Thè other inlorrnitson the inforMa￿￿n induded in
th2 aMual rew4 Oth¥ than thtfinan¢i¥l sratements ow auditDr'S rÉptsrEthereon. Our opinion on thÈ financiil Sta￿rnents doe5 not cO￿r the other
infrJrmatyon except ￿ the eXtentetherW￿e eYphU￿y sured In our reF*X we do not Éxpr￿ 3ny form ola$5uranreconclu510n thÉr*On.
Ow re5wsththty is ro read the other inlormation Ind. dO￿g sth c¢n¥iderwheth¢r the othw IDformatyon ts Material￿ iKonlstoit thefinanoil
s￿l¥m￿[S or our knowwy obtainEd in the audif or otherwise appe3r5 to be MaterKal￿ mo5t3¢ed. If Idenrfy SLKh maroriil Inconsistenves or
apparwt tivatsrial misst2trrnw￿ we are requlred to deterfflinewhether this SI￿ rise to J material missraieDW In the fin￿011 Sfar¢N*MS rhem5e1ves.
, on work we have wformBd. Conc￿0￿ thir there 15 W matori31 mi55tatemwr ¢fthi5 other information. y￿ are Wuira to reFQrt that ts<L
W• ha￿ nothkng to wrr in this re8ard.
Opinion5 oth•r matt¢N presuibed by the Compahles Act 2006
In ow OFrfnion ba¥d on the work ur0ertsk￿ in the ¢our* ol aud
thp In1¢￿￿at￿n in t￿TrUstee$, repor¢ which ￿[￿deS the D1￿CErn. reportand thE Strategic reFxYf pry￿r￿ ftr the puvpos¢$ 0fctyh￿Thy
law. for the Inanc&l yw for whith thè financial sraEwner¢rs are wepared 15 consisientwith the financiil 5tstEmEnts'. a
the Strareyc rep)rt and the Directors. rewrt Includc¥J the Trutt£es' r4porr haye been prprÉd ift accordance Wirh appIcab￿ I
uirements.
Matt*ts on whlch we are regulred to report by exceptioTr
In light of the knowledge under5tandingof the group and chartrAb￿ comwy th¥r environmenr Obta￿e&l￿ thE course of thE autho we have noc
ev￿¢d Mat¥￿ m1s5tatement5 In the s￿t¥ repcrt or the DirecLors repr￿ ￿(lUd￿ ￿[h￿￿ the Truxee5' reprt.
WE have nothing to rwrt ￿ respo¢¢ of lom•￿Tr8 matt¥5 In relatson to the Comwie5 knt 2N6 r￿￿1r@S us ro reportto If. cur
adewate and prow aCCOundr¥ r￿ordS have noi been kEPL or
thefinandal scarernen￿ are noi in wewnentwith the accourriDg record5 and ￿t￿s." or
cen3in disclosures of Trusrees. remuneTrtion spetiled by law I￿ Dot
have not r￿￿ed the Informat￿Th and eX￿ana￿on5 requre forouf audiL
Respon5ibiliiie5 of Trusttts
AS eXP￿Ined rnore fvlly In the Trusrees. resp￿$1￿1￿1￿ 5ratEmBnt Isetour on page 151. the TruSLÈèS Iwkn I￿ 3150 the direcwrs dthe charit3ME
company for the pufpts5ÈS of company lawl are re5ptsnYble lor the prLyaraiion of the finincial statement5 and for bwng 53t¢sfi*d that rhtygweA true ind
fwr ¥￿￿. and ftrr 5uth ID￿￿31 contrd ￿ the TrusttES de[erm￿t 15 nécessary ￿ eTrIb￿ tho ¥ewation offinantial s0￿mentS thai are free from maierial
MiSSLIt￿ll whethw due to fraud or error.
In proparSn¥ the ftravcial statemen￿ d* TruS￿E$ are re5W51ble br 3s5ess1￿the ch￿rtable <ompany5 abiknty to conunueas a going <oncerh, diselo>n
Pagel 16

ST RICHARD'S HOSPICE FOUNDATION
4$ rPplob￿, mattws r￿lled to goiy concern and uslr¢ the gohgctsntÉTn basis ofaciwntyng wless the trwtee5 either intwd to liqyidarethe charitable
tompanyor Eo teasÈ (Veraty0r￿ ￿ haveno real￿* althrnarKE bJt to da 30.
AudStorf5 responsibilities for the4vdit vl the fiD3rKial statemen
r *"ectNe5are to obtain reasonable aSsUrar￿ Jbtsut wh1tl￿r the Ir4rKi?l5tat￿￿Trt5 a5 a whde are free from marwial mW¢ewen¢ wh*her dueto
friud or wror. andta Issue ?n audit(￿$ repon thar Includes our oplnk>rn. Rèasonab￿ 355urance Is a hryh W of aSSilran¢& bui is not4 that an
&￿jit conducced h actorthnce wth ISA5 IUKI wll alwxy5 deiecr a rnatth￿ mlssr2tÈmèrnt wheffl It existy M155UtemeTrts C*h vise from traud or error and
are consldered rnaterlal if. indmdualty or lrt the tlwcrwJld rea50D&dy be &{F￿r￿j ro Inftutrtethe e{on0￿C dedsbns ol u5WS taken on thè
iwi5 of th¢Sefin#ncI￿ statwnentS.
Dals oftheextsnt to %Yhkh tht audit W75¢0ry5idered capable oldetettw 1rrrwlariti￿, inrludi￿fraud arnd r￿n.complI1[￿￿ wlth laws
are set ¢¢Jt below.
A Iwther descriptun ofour respons5￿l￿tIeS ￿r the auditof thè 51atetnentS 15 IDraLed on the AnanC￿ R@poru￿ Coundl's w¢bsite it..
Thi5 descrlprlon fi)rn￿ parro1￿r￿Ud￿tir,s rep(rt
Exten¢ to whlch the audit wasconSidered <4p*ble of detsctlng Irregul￿1￿e￿ includng fraud
1wl1nty￿ includiw travd are Insran￿$ of and rel￿at￿￿¥& We IdeThrlfiè4 and asses*d the risks of Materi￿ rnlsstatement of
fi￿ne1￿ sutéments froffl 1rrngU￿r￿e1 whether du¢ to or error, aTrd ducussed these beTrYew Our aud¢ wam members. We then éesigned and
p¥formèJ audlEprotèdurÈs rwyvE to those risks including obralnlng l*Kler￿ SU[fic￿￿tand apwoFrihtetfj proYidE a b45is f¢r Our ownK>n.
We obtainud ￿ under5tandir¢ ol the W aThd ryla¢ory hrny*W)rk%wi¢hin the charhablo c<ry3ny and focus￿8 on those laws
rwlatiw¥that haye a direct effecr on the determination gf tvaterFI and dM105ures ID the lftanci)I suren￿* The and regu￿tionS V
on5idwa in thi5 cyntvAt were the Corn￿￿￿$ Acc 21126. theC￿ni￿s Att 2011 toxerher wth the char￿ SORPIFRS 1021. We assè>sèd the required
comPlan￿ wrth these laws and r4ularbns ￿ p¥tofoLf wdit wocedure5 on the r￿a￿d financial Sute￿￿￿t Item%
ITh addityon, bye considered provlslonsofothtr la¥￿ and thiido not FA¥ea dlrtttetfett on th¢ ￿¥Th£1￿ stat￿￿LS ￿tt￿m￿lanCe %Mth thith
m¥ht be lundamenr41 to the cFATrubkcorwy'5 3nd rhè I￿P.* Hbility to 0￿rat0 or to ayad a mawkil We akn consvJEred the opwiwlcies
nd ￿￿enrI*s th•t rnxytxixwth￿ th2 Ch3rit3b￿ cornpanyand the gwup for fra￿. law5 rc8ulatws V￿ Consider￿ in this Cont￿ wèrÈ the
CQC R￿￿¢￿n$ Gerjeral DarA Prtitettion RWla(￿n5 and Ern￿oyment 1W5￿t￿)n.
Auditing *andards limit the rwUl￿ audit Pru￿￿rE5 to nOn￿rn￿anCe with these and re8uhLkJn% to engjiry of [￿Trus￿e5 and other
ftKknagèmthtand insptttion of regu￿t¢ryind *al wrrespondenrt Ifany.
We identifièj th08￿a￿s[ risk 0fmit*ri￿ irnpxt ￿ the finafflclal 5tatemenrs Irom Irrwtsrni•S. indUd￿8 fraud. to bewth thè ¢ornpleten¢ss and ateu
ollncome and the overridè of controk by m3nJgetnenE Our a￿￿￿ Pr￿gIureS to respond to rhese risks inthdwj enqulrles ofmanwYw4 and thE
Fkninre and Inrgme CommnteeibDuL thar ¢hYn a5se55lDert olthe risks of Irregukntye& deS￿ni￿ audit pr(K￿vre$ o
Income. sarfpk testing on th¢ poxlng 01￿￿rnal% remewing accouniingestimares hr bra￿ rewlatory carrÈswndÈnce wirh the CknILY
ComM￿s￿)n and readiry mirwJtesof Th￿￿ThE$ ofthose tharged gov¥￿nc*
to thÈ in1v￿r limitatK)ns ol an a￿dIE there Ss an tsnavoidaw risk th?t we may not Trmvedetetted some mattrval ￿*S￿l3￿Ments in the fjnaKial
STktemenrs. even rhough YÈ haye prowly P￿￿Tr￿d perforn*d our awdit Sn accordantè Stsndwds. For examp[4 the lufEhEr removed
ncffl-comFliance la¥Ysand rqul3tK)n& lirresuLgritie51 15 from the eyents and transxtbns reAected in thè 5t3temenr5. the le55 likely the
inh￿￿tty limtted prott6ure5 rewired by auditing standards vnuld idpnofy IL In as any audr. there rerDHinpd a14ghtt risk of non-derb￿oTh
ol Irr￿u￿￿e%, thè* may if￿0￿@ coll￿Sk)n, frygery, intent￿[ omis&on4 [TrISrE￿e¥crnUO￿% or the overrid•ofin¢ern￿ control& We art not
respon%Ne for and ￿nr￿t tOd&ecrnon<om￿I3TrCe all lawg regulatiorts.
Use ol ourreport
Thi5 feFNYt is made 501è1yto the charirablecomp3nls mernber% a5 a Wy. in accordaKe wRh ChaP￿r 3 014rt 16 ¢rfthe Compinies Aci IC•)6. Our
au<lit work ha5 W undertakoi 50 thatwe might sDte to theCh1rtsb￿ mpmbEr5 those matter5 wearè r4uired to state to th￿rn in an
audtoes reportand for Do othw pJrws& To the fvyest extenr wmltLa by ￿w. do not accept or assume resptsbibility to anyonè tsth¥ th
charitab￿COmPl￿Y and the ChariUb￿ c(xfipan￿g mÈmbers 35 a Qur ￿di[ w￿￿ for thi% rep(n the owrmons have formed.
Helen Drew
Senior Sthtutcy A￿rtOr
For arKI ￿ behaNof
Crowe U.K LLP
StatutyyAudkor
BTra(k Cowtry House
Rounds GrtEn Ro2d
Oldb￿l
B69 2DG
Datè.. 26 November 2021
Pagtl 17

ST RICHARD'S HOSPICE FOUNDATION
CQ1￿￿￿DATED 5TATEEYEf4rn￿N¢lAL ACTIVITIE5JNGORPQRATSNG AN IN
FOR THE
R ENDE￿d￿R￿H 2QII
E AND EXPENDITUIlL￿uNT
Totsl
Tot
Umtestrlcted Restricteil
Tot
Funds
Totrl
Funds
OMEEBQtt'
Donatyon5 and Lepce%
2.849.476
252.B70
J.102.346
3.73&648
C￿ri￿bIe AttThitEs
2,491.696
4,2Q8,787
OtherTradiry kvvitse£
3,189,315
3.189.J15
3.901,602
In¥estffl￿ts
104,210
104,210
Orhqr
Sharèof netlncomè ofloinr Ventyre
CorOnawfuS s￿51￿¢55 IDrwrUp￿OTh Lo3n InteresE
117,J02
40.600
17.302
40.600
107.769
8.791599
.969.961
10,762.560
EXPEN￿lTI￿￿E ON:
RINng Fwd5
2,716.432
2,716,432
3,18&454
CharffablekU¥ide5
4.152,061
1,087.896
6.039.957
039.499
TQTAL&YEENDITUR
6,868.493
1.887.896
8.756,389
9,225,953
AIN51(LOSSESiQtrl￿v￿5T￿EN￿S
.924.106
62,065
2.006.171
Netgknwlosse5 OTh inve$rm¢r)ts
14
434.93B
434.938
1157.1801
2.359,044
81065
1441.109
597.991
Transfer lunds
28
NET MOYEMENT IN FiJNDS
2,359.044
82.06$
2,441.109
597.991
TOTAL FUND5 8ROUGllLQ￿ARD
28
16.144.613
25.318
16.169.931
15.571.940
TQTAL FUNDS CARFUED FOR
18,503,657
107.383
18.011.040
1&169.931
The notes brm parr of th&e ffirofftaal 5taEements
Pagol 18

ST RICHARD'S HOSPICE FOUNDATION
CQNSOLIDATED FINANCIAL STATEMENTS COMPANY NUmB￿lIs￿5￿1
OUP AND CHARITY BALANCE
HE
AT
Gr<wp
GroLP
Charity
ity
FIXED ASSETS
Tanwblè 355
In¥estmenrs
12,674,165
3.601.915
12.674,165
3.602,OJ5
3.161.002
16,336,100
14.177263
16.3JO.I
14.177,363
St¢ck
Debtors
at b3nk
60.47Z
2,27S.38S
1789.4S2
74,919
1,829.304
1,566.40S
1,266,628
1,691.671
IA31301
1,441.631
S.12S.309
3.470,628.
4,958,299
3,273.933
LIABILITIES
CreditrK5'. amount5 filingdue
within year
1,083,703
1.477,960
916,793
1,261,365
RRENT
4.041,606
1.992.668
4,011,506
1,991568
20.377,706
1&169,931
20,377,706
UA8ILITIES
Crèdlrork *nounts falllng due
one year
1.7Uh66
1.766.0fj6
TOTAL NET ASSETS
18.f+l l.Q40
18.611.04
THE FUNDS OF THE CHARITY
R£%tr￿ F￿￿S
LInres￿cced Fund
General Fund
InYe5tynWt FairVi￿* Reser¥e
DeSY*t￿ FwfAIs
107.383
25.316
107.JBJ
25,318
S,1)8O.3SO
749.142
12,674,165
4033.498
294A54
5,080.350
749.142
12.674.165
4,833.498
194,854
18.611.040
18.611,040
The flnanCI￿ statements vRre approved and authotr4sed for IsA*by the txArd on
and slxnÈd on its beh￿f br.
I P Cov4pe Governor
The r￿e5 k>rrn wtof thexfinaTrC￿ staternwtS
Pagel 19

ST RICHARD'S HOSPICE FOUNDATION
CONSOUDATED STATEMENT QF CASH FL￿$
FOR THE YEAiEfgoEIJILST MARCH 2021
Note5
Cash nows from operating ￿t￿ltie
Net tath by operatli8actyvit￿5
3,190.239
1.000,898
Cash Ilows from Investlng activitle
Dwidendk intwesr and rEtrts Irom imEsimwts
rtha5c ofproperty and equiwnert
Proceeds from Sa￿ ofiThveStyThEnts
Purcha5c Ofinv￿tfflÈftts
int YenDJre Cxsrrtswons
105.032
(2,124,207)
139.739
(30S.734)
117.978
120.076
1,779A981
499.057
1574.3S91
109,*)
Net tath used in In¥ew￿ acTryitye5
{1,967.19Z)
Change in cash and cash equivalents In the
t¢￿)r￿n% period:
.223.047
16Z30831
Cash and ¢xsh t4￿1¥￿¢n¢$ at the beynning of the
rq￿rting pemod..
1,560.4Q5
2.190.28B
Cash xnd t*sh equ1￿ler1tS at the end of the
porting
perlod..
2,789.452
1.566.405
ThE ngte5 Iyrtn pprt ofthese finarKMI ststern*ts
Pago 520

ST RICHARD'S HOSPICE FOUNDATION
NOTES TO THE CON50LIOATED STATEMENT OF CASH FLOW5
FOR THE YEAR ENDED 315T MARCH 2021
Reconcillation of net Income to net cash rttswfro
ryeratjng adivitio$
Net Inc¢m• ftsr th• reporting period (as
per the Statement of FinaDoaJ Acti¥l￿e5).
1,109
597.*1
Adiu5tr71ents (or.
Cwec41iOn ckrFs
L055e5 on In¥￿￿51*55er3
deTrd5. InEefèsE3nd rÉnts frcm Invesunwts
Decrease In suxks
Intrwe in debtors
Increase In crdditors
hrome from loint Vèiture
466.JQJ
(434,938)
(lQ4.210)
409,632
157.180
{447,579)
1,37L409
{117.302>
156&6711
61l413
1107.769)
Met <ash prtyvrdetl by QPEratrn¥acthfltSe5:
3.190,239
I,OWl.898
Analysis of <a5h and cash equltnlents
Cash at b3Thk and In hand
2,789,452
1.56&405
Th¢ nrx4sform part of thest finarKial Stat￿*￿t$
P2ge121

ST RICHARD'S HOSPICE FOUNDATION
NOTE5 TO THE CONSOLIDATED FINANCIAL5TATEMEN
FOR THE YEAR ENDED 31 MARCH
ACCOUNTING POLICIES
Qbarltable company informatlon
St R￿hard'S FovndaDon b a pr￿[fr charitaw com￿nY limited by guaranteo incorpor3ted in En￿1￿ and Wales. The re81Sterwl office
ofst RKhard'5 H<15pi(e Foundatim and St RKhwrf5 Ho4>ite FLwr&rh)n Trading Compwny Limited s Wild¥¥&)d Driw wOrc￿ter. WR5 IQT.
Basis of Prépara￿0￿
The financial wremettshaye been prepared underthe hlscc*kal coStconv￿￿OnVrith the Ex<ep￿0n ol Inves￿ents￿hlch are In[I￿ed at Tnarket
Yal￿e. The Iinanci?I sutemert5 ￿¥¢ been pr4>3reO In aCc¢￿danCe rhe AnaDcd Roporting Strndard aFWKable Irs the UK aDd f<ew￿1C of
Ireland IFRS I(¥ll. Ihe StstemenE ol Recomw*nded P¥h[t￿t.. Accounung and Reporting by Charftles prewing in *t¢trd3nCe wth
Financi31 Reporung knndard a￿l(￿ble in the UK Republic of Irdand IFRS 1021 (Charities SORPFRS 1021. the CèNyanles Act 1006 and
chad￿e5 Act ?01 l.
The ¢harWkcompany meety th¢d*finifion ofa benefir entity undèr FRS 102.
ThefiNTr&al 5t*rnents pres￿l￿ ID sterling 1<1 and are roundod to the L
Golng Con￿rn
ThÈ group has cash resources and nD réquirémént for external to ntsrmal owaDDg actiwtie> The Goyemors ￿lI￿Ve thaithere
4re no rnarthal u￿rtaint￿$ 3btxJLthegroups ibil*y LO Can￿￿& In tswritlngexisrerKefor the fore5eYable fuLure. contir4* ro
cone*rn basb olaccountiryippwri¥e in y¥p3rfng the anDual 5Litpmènt
&nce theonser of restrrty￿3 folk>￿nIthe CO¥￿-19 ovtbwL the Anamal Via&lity Group has ctsnsbjered brecastson a monthly bA54 3Iwa¥5
s ahead ￿￿e￿r. These forLxasts have Not ¢alcd iThto questycth the group's abillty to retiiain a 8￿￿¥ concwn. Furthér w(*& t(> rèfinè 2nd
inErexsethe length ofthe forerJ5t will bÈ fadlirar*l by the Wl>L¥SS the 2021121 fiDIn¢l￿ y¢•r belng brought forward.
Group fimandal stxtementS
ThEse financ￿￿1 sratemwt5 consolidarÈ thé result5 oFthechwty and it5 thollyowned oTha Iin2by lir*b3sis.All transKtrons
are elim￿1￿j on cvnwlidation. Investwts in j¢*nt ¥ènDJres ¥e Included in thpwoup finthEial sttremenrs thE"equity rncthotr..
No ￿p3ratr Charty SOFA hR5 bE¢n for rhe chirlry alone 35 Per￿￿£￿ by $￿tion 408 (rfthè CrJmp3nies Ac12￿6. The Charity ha5
takeDadvantage of rhe Èxemwob)s In FRS 102 from thÈ WUiremeniTO preswt a charlyonly Cash F￿W5[alem￿t 3nd cert3in d15ck)surt5 ib(wr
fin3ntiil instruments within ￿<0￿$011dx[￿￿ financrdl statements
Income
Inc¢)rre Is recagnised the charity ha5 enot1emert to the tunds, any cwdrtbns ittxw ro thE Intomo h*¥È bÉ*n MÈG IE Is
prO￿bIethI[ income ￿11 be receNed and the amowt be mEa5urd reliab￿.
from voluntsry Sour￿ 15 rKcivcd by of donatKns and iifrs and is inclthged in fuH ID the StJtemEnt of Finaniial A(tNitiE5
recd¥at4e. IrKOrnQ frorn g)fr aid LAX rscL3lms Is reco8Dwd forall donations made prKr to the ye?r end, whÈre gifr aid declaraucns are held.
Rffolnityon ol intome Is dewderf on the ry￿01 legxy. with wuniary ￿g￿tl*s recognlsed when notificarw 15 [*￿vEd, arbd r￿dU￿r¥
le83(￿5 recwi%ed arnounts are distri￿tt￿l or whw a ststwentol assers and liabilitJQ5 of the e5tstè is rèceNed. Re¥erslorwy le83cles Ire
nol recognfyed duri￿ the litEtime ol the orwnal beTheficiary undEr tw Wil. The charity op¥¥te$ a cut-off pericd befflg a prAc*c31 mech?ni5tn to
allow prepar3ti¢Jn of fhè account5. Shoukj i notificition be r￿￿ert bel(we the year end but noi be quanrifiable two months afr*r the >*ir ¢nd
then thp incom< when measurable and recéipt is probable. wll be reco8nised ￿ the lO￿l0￿n8 period. Where legacie5 havE been notified to thÈ
¢h¥lry, bur thecri[oria for Inrom@ r¥Lognldon have bepn ffle4 thè kgary is treated as a ¢C￿tIngent 355e13nd diStI(Jsed if material In r￿[e 22.
Incorrt rec￿￿ in thance (>fan ￿ent or provi*oD oforh¢r specifk W¥1￿ deferred until the crSrerh for Incorne rK08n￿on are ffler.
Gr3DCS from government ￿leS and othEr swrces are re￿1ved for 5peCifit prrlettslcosis and ire ￿¢￿ISed In xcordartt**h the
indiwduil trrrns and condi[ions Incotné IS recogTh15ed the charity has entidement ￿ the fund5 which is vthen any p￿rM￿Ce coffldityoTrs
I￿{hed aro tne4 It ig wobJbl• £hat the Income ￿11 rqC*vÈd and the amounc bE rel￿bty mÈasure& Granr inwme will bE deferred rf
recgvwj In #dv3nce ol meeung performant• t(￿dItIO￿5 or il the 5ppci1￿lIY 3tates thar the Incorne must be 5Ftht in a fLJture actaunting
ptyi¢d.
Ex￿￿￿￿t￿re
The cosr of raising fynd5 indudÈs C¢xrs ol genwarhi8 income 3nd costs of fundrJiyn¥ shr4)s ar￿ in¥esment manager's fee
charl￿￿e acrNidesco5ts inrludeexrk￿dlI￿re ddNerin8 pallthecareand edLKaivn. GoVernanteCo￿ IncIL￿e c05t50f DieetyD8 the chArirfs
ststur¢wry and ¢onstrtuCio￿l o*"¢ttNe
SupF¥rt cost5 aro alk)Ca￿ to all cosr cenwes on a ￿515 In prcporuon tothe estimatsd u53ge of faciliile%
Ewdi¢vre is aCt￿ThEed lor on accrval bas1&
Page | 22

ST RICHARD'S HOSPICE FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021 Iconunuedl
ACCOUNTING POLICIES lo)Thtynued)
Gifts in kind
Gifrs rÈterrtd In kind for re5alE are wi5ed when the ¥ft15 sold u51rgthe sales walu
L)onated swYice5 or knliues ire Included in the Sutrment tsf Fin￿[1#1 ActlY￿@S whBre the to thè cFAriLY 15 rp&wnabty quinr5fiabl•gTr
rneasUrab￿. The contriburion ol not incI￿&d in the 5tstynwt ofhnancial AcrNnles. but li d15rb5ed In the GoverDtrS' Rw>rt
accwthnce the SORP.
DDnaTrd assers for bythe thariry are recogni5ed at their rTrarke¢ w41￿e a5 income and wlrhln the rdeont fixed asset catepry on th
baLIDce sheet %Yhen r￿eNabl& Duringthe yeArto 31 Marth 2021, signifKJntquantitye5 of P￿$￿al IPFE) weredonited to
th¢ Ho5FiC¢ by the NHS and other source& not P05sINe rog￿rtfy rhe due ol these under diffitulLtanditK)ns created by
the 19 pandemi
Llabilityos
UthS4Jes Ire rwIS￿ in the attt￿Thts as ye5ent oblwion arises frorna wst event that probAbty ro5uk In a tyansfer oflunds
a third party and the arnoL￿r due Eo settk tan ￿ M￿sur&d Orésr*hat¢d rd4ibly.
Fund a¢CQLmdnE
General fund5 are at the diStrEtitin olthe Gcwun¢￿5 in furthErdnce ol the tharity5 objecknves andythich ha￿ not b•An do$￿al￿d
for oihw wTroses. It is the wlkyof hOsp￿e ro hok to the fi￿￿e ro define4￿ quamtrfy much ￿SerVeS sh(wld be hdd. unshlenn
Potentt￿ %￿at1￿ orl￿dgUrta furLY* I￿0￿• knd *xw￿itUrè
The c03tolknwrfn capital projects in the Th￿r 5 ￿rS
ctural btht dek
Rethndancy CO￿$
Des4gnaLèd funds unre5rrKrwl fvnd5 that haye Set aside by the Govwners for par￿￿1¥ pyrp05ex and of eKh
grAt￿ fvnd is Set ovr in the nores w the financd
R¢srrk¢ed funds C￿¢* i￿ome vthith has been rffery& for 5peafic purpNes k5s the expE￿I￿re a8Jin5r these. The airn ind use vl
mat¥HI reSt￿cr& fund is set OVL in The notrs w thefinintial itsten*nts.
Leaslng commitm•rbts
Rentsls U￿¢r owatirq kn•sar• ch¥yd to thé Suthm*nt oflirrjnthil knitlps ¢)ver twm ofthe kasè.
Pensio
The pension costs repre5en¢ •rwuThty Pl￿blO bytht Zrwp durtthtryw l$ee nc¢• 231.
Stockx
Swcks arevalued lowér DIC05¢￿d ￿ rea15aWe Vdlv* aftw due alk)wance for obsdeto and mown8*em
TanOblE Itxed asRts
Tangible￿ed Assets are ITr￿11￿ ￿K￿ded at cosi
Depr¢ci*ion i% provKJed Jt the followiry annual rate5 in order to ¥•y1￿ Otl exh asset fftr ¢5Drnated MefiJl life or. il hdd ￿ndEr a fininc•
f>vtrrhe lease t*rm. is thp 5hr)rtw.
Fr￿hO￿l￿OPerty Oncludnz
wopertyl
FreLthDkl propRrry- s¢l*r wtls
Leasehokj land
Asser5 umjer £Mstructhn
Shop rehrbi5hment
Medul 4uipmwt
Furnlturnand firrfngs
Motor ¥ehicks
Q)ffice eqUIp￿Ent
2% on cost of bu4din%s
5% OD C05r
of lease 1125 ￿ars)
20%. 33% on IDX
20%. 50% on cosi
10%- 50% on cost
20%. 33% ofi 10
20%. 50% tsrt togt
Iterfts of medical wuipmenL officeequipmentand lumiture fitt￿ry5. hving in initFal coxolk55than £l.LYJQ areyffltten off to revenue in thè
year of acquuitvJn. Freehow land ￿ ￿tdePreCi1red.
Page123

ST RICHARD'S HOSPICE FOUNDATION
THE cONSOUDATED￿N￿ll￿I￿LsTA
R THE YEAR ENDE
H 2021 Icontinved)
EN
CCQUNTING POLICIES Iconthuwf)
Investm*its
Lis￿￿ fixed a55et inwestsnents are Ir￿￿ded at fair Iqutsted mirket pnce in #n ¥tivÉ markecl- G￿Tr5 or1055e5 ￿ In￿SU￿ents ￿ ￿(￿Jded
in the $￿tem￿t of Financial ActiYitse5 and Income and EKpwdi¢ure A¢¢ounc
ThèC￿rityo￿￿$lnVe5fm￿[Pr{￿tles t￿l￿retrEated asowm use. depreciated.tsngibk fk*eda5sei In the2roup￿d ch*TiyfinwKW st4r•henrs
In accordI￿e with FL% 102 as Ir lec by the pirent to ir5 vtholtrl oNvned sub5idAry. The inve5rment in the subséiary and piThl Yenture are
int1￿@d at cosr.
Financi￿ ￿#trUMentI
Financial imsrrumwts are (￿Ss￿led and accounted for. ace¢rélng to the Svbsrance of the contraEtual arriryemen4 as esther financial assot%
nancial liaL*ljyEs or equity inStrumenr5. An Lyuity in5trurnent isèny contraci that evkgentss • r•$idyal inrerest in theassets olthecompAny after
d￿ut￿nE am of lis liablllties. in5trumEntS Indude cash at bank, trade debt¢￿ legacw rece￿*14 a¢¢rued Inwme trom finan¢lal
srrumenrs lcompris1￿8dlVAends and interestduefroffl ￿Vest￿￿￿t5I. tra& crediror5 and accrued expenditurQ. FInattr￿ Irtstrumwrsare InirLdlty
r￿08n1$￿ at tr3nsattitin Value and subseqveitly mea5ur* ac ththr se[tIe￿tr￿IUe.
$18nifiG￿t estim*t•J ludgements
Prep4Tr￿ of the finana31 sca￿ents rwuire5 tn¥n•gement re Make S¢Thfft￿t lUdg¢T￿n[S ind estimate& Tho itsms in the ffiThancval st3t#llÈilts
%Yhere these iudgernents and Èstimares haye be￿ made includ*
UsÈful dconomtc Ilve5 01 tangible a55Pty
The dopre£iatiOn and amort15ation char8e5 for thp tsnwble assers are sensitive to ch3n¥eS in the esDmared Usef￿ econ0n￿ INes and
residual ￿￿e5 of thE 155etL The ￿5￿1 ￿OnOMit liv* and re￿d￿34 TrAhJes are Atnended nettssary ro reflect currwl e5thmAtes ind ihc
physkol condlllon of u5etS.
I￿1rmEnt of debEors
The group makes an estymate of rradè d*btors arA other deL*or& YrfhÈn assessing the Impainrent of dEbtWS 4nd othaT d*btor&
rnanag*T*llL considers facttrs Indudlng the cur￿¢(r￿ll￿o￿ry (rfthe debror. the ageirq ofdebtors and h1SEorKal o¥wKnce.
Atcrued legècy Ifscome
F¢r ￿￿-perv￿1Ary an esDMare s made oftr*amoynt due lo charity bès& on thÈ share tsl the estare as Stared in the wll, the ¥aluc
of thp e5UtÈ Ilmm Wob1￿ or a slater￿nt of a5%ets liabillr￿> and external floor5 ￿tIu￿￿t the Yolatylity of the wopwty rr4rkx *hd the
Stock markeL An ilkThance is rnade *Y ÈXF*tta costs.
Tax•¢lrJn
The C￿rity is exempt from c￿Poratyorl Tax on its ¢h*rlr4bl¢ ac￿￿￿e& Thc chirrty pnd irs subldlary company Are W5tered for Value Added
TAL kretfftrable VAT is ￿￿cated to the area5 wl it Is Incuryed.
Pa8o124

ST RICHARD'S HOSPICE FOUNDATION
NOTES TO THE CON50LIDATEO FINANCIAL STATEMENTS
FOR THE YEAR ENDÉD J I MARCH 1021 IContinuw4
DONATIONS AMD LeGACIES
Totxl
Funds
T(Kal
Funds
Unrtstricted Restrirte
F￿￿￿¥
DDnatyon5
Donation5
325.163
J75.613
1,566,44S
12,365
170.713
109,424
152.769
2,8JO
317,993
375,613
1,$66.445
12,36S
170.713
109,424
501,809
36.984
299.921
4Q2.067
1.136.009
34.765
138,720
Regular gm
Corywate includlniparollzfvlng
Grants and Cawul Apw31
lob r&enrk)n scheme ￿¢￿￿e (charity)
250.040
1543.791
2.049.476
252.870
3.101.346
3,73&648
CHARITABLE ACTIVITIE5
Totsjl
Funds
T¢X
Funds
2010
Unre5trKted Restrlcthl
Funds
Fvnd5
NHS Grint
NHS Ctiwd 19 addltrtina]￿t
Go¥ttnMent Covld Suwrtyar
Fthation
2,180,902
210.411
1,180.902
210,412
2,037,283
1,717,Wl
I OOJ82
100,382
80.891
2,491 h90
1.717.091
4,208.787
Th? NHSE Iw4rded fundlng to allow the hosplce to makÈ a¥￿Ilb￿ W Capacitya￿ cornmunity SUPPQrtfrorn April 2020 tolu￿ 2020 ro
provKIE Supwrt tt> pe(We wth comP￿X needs ￿ the CuntÈKt ofthe Co￿0.1$ $ltuation and to prowde bed <ap¥otyan¢ Community 5upwri
from November 2020to March 2011 for the pJrw)so.
OTHER TRADING ACTIVITIES
Total
Fundy
Total
Fwd5
Unre$trlcted Restyicted
Funds
SRH ampwxns
A￿lSted e+en￿ fundraisi
Raffles
S70.12J
34,034
165.S94
30,146
2.2511
850.761
220,725
554.062
400.000
361.010
570.113
34.034
16S.$94
30,146
2.250
850.701
220.725
554,662
400,000
361,020
761.410
45.189
26.351
4.896
2.C42.306
864.2B5
Cjwin
Tr￿￿￿ coM￿nY intrjm
Gift3hled sa￿$
GoverDmen¢ covbg.lg Rerall Sup￿gran[S
Bu5ine55 lrterruptyon Insuran￿reCdPrs
lob RerentiDn khwnp
3.189,315
3.189,315
3,901.602
UK INVESTMENT INCOME
Total
FwDd$
Total
Fwd$
Unrestrkted A05triCted
Fund5
Interett
Dwends
Rent recwved
30.526
66.414
31J,SZ6
60,418
7,166
39,656
69.￿¥
&190
104.210
Page125

ST RICHARD'S HOSPICE FOUNDATION
NQTES TO TPIE fQN5OLIOATED FINANCIAL STATEMENTS
FQR THE YEAR ENDED 31 MARCH 1021 Icvnrinuedl
OTHER INCOME
Nominal inreresr of £40.600 ￿￿8 the amount Pa￿ by the fj¢)YernmEnt Nl the form of a Bu5ine55 InterT￿l%￿n PwnenL On the £2.ON.000
Coronayirus 8usiDe$5 In[errupti￿ L¢>3n Likery out wih Barclay5 b3nk has been recorded as bDth Ot￿r I￿a￿e 3nd Dth¥ Expendirkre. The
loan bear5 ￿*re5c￿ th¢ rare of 2.84%atrwe B￿e P4t
COST OF RAISING FUNDS
To
Fynds
Totsl
Fun¢J$
Unre5tritted Aestricted
FyThds
Shops and comm•rthl a¢d¥*ks
SuppDrt tosts re above (Not* 91
1,743.994
100.5
652.717
189,744
29,391
1.743.994
1th).586
652,717
189,744
29,391
2,179.285
97.857
679.314
2W.903
29.095
Syport fOSts rE 3btsve (Note91
Costs trf minagSng ￿Yest￿n￿
2.710,432
2.716,432
3.ie6.454
CHARITA#LE ACTIVITIES EXPENDITURE
Tot
Funds
2011
To
Funds
Unr¢s¢rkt¢d Restrlcted
FuTrd5
PaOert3nd Sérvkècosts
Swportcort5 re INotè91
EdUt1u￿ and SE￿ Centre
5￿F￿rt Costs re abovÈ IN￿e 91
2.447.069 1,887096
1,402.372
155.080
116.740
4.365.705
1.401372
155.080
114740
4,366,814
1.373.367
188,580
4.151,061 1.887.896
6.039,957
6.039.499
SUPPORT COSTS ALLOCATÈD
TO ACTIVITIES
Rai4ng
Chaeltable
Actlvltle5
SI￿pS and
Rw55n8
Education
omrnerci￿ Funds
and Study
FUndrw%1￿ Centre
Ctharitable
AttiYitlÈs
Patleni
Famlty
se￿Ces
Total
Funds
Funds
202
Fro￿rtY related cosrs
Telephone ar￿ fax
P05tsge. prin¢iffj and $r4tbnery
IrfjuraDce
tkpreci3ti0n
Miscd13neous
Jman resources
Computer exwsas
s￿¥1￿5 <Aher c¢>sts
atÉring supplies
Tr3nsport and min1l￿5
Go¥crnRnce costs
Communicadons and Markth
C8ILS loan iTrtwe5¢
7.536
170
1,593
9.043
413
3.9B4
1,059
6.943
15,072
143
3.984
2,OS9
34,714
198
1.263
25.792
31,066
1.789
119,070
1,6115
0.374
37.OS4
305.486
27,599
93.439
180.536
S03.291
33.998
918
208.993
2.431
5.935
27.814
21281
251,064
111511
142.1611
175,722
700,753
78,344
1.469
15,276
129,576
J47.143
32,748
126,209
157,910
639,296
35,787
918
5.416
103,086
40.600
3.743
23.*1
25,791
27,097
7,576
25.791
77.B42
2,9Jl
154
51.543
2,436
51,$43
30,044
7.714
406
Total
100.586
IB9,744
14740
1,401.372
1.809.442
1.782,865
SU￿0ft C05t5 allotat*l to al cost centre5 atYdrKWS Wrctn￿8eS b3sed cn thÈ us38e of f3alitRs.
Pa8È126

ST RICHARD'S HOSPICE FOUNDATION
TES TQTHE CONSOLIDATED F
Foft THEXEéR END
31 MARCH I
TATEMENT
STAFF COSTS
W38es and XaL*rie5
SOCI￿ Securiry costt
Pension C05ts
5.59?,606
471.539
434.790
s￿18.230
467,530
417.785
0.5D5,935
6,563545
Th• wages and sa￿rIeS Cosr ab)¥e Includes saknried e￿￿oyees. cosrs OF (5.528.665 12020 . É5.512,5721 wfrh the £70.940 12020.
£165.65BI beiry paid invoice. to PXBnCY. Staff reCe￿e a benefit by be￿83 mÈn*er ola yNate In5ur¢r and tho
costofrhi%lorthE yeirenw 31 March 2011 w35 £22.336 P02Q. QZ6601. Thor•wÈrè £3M19ofreththlancyosr5 In the year (2020. £1.99)).
The average rnonthty numberof51￿rfed employ49S
durirl the >w bythegroup w45 asfolk
Pathnr4nd SvYKes sts
136
Fun&ai51ng sthff
sy
35
rpporr stsff
36
243
259
The nutthr ofern￿0Yee5 *th05e eM￿uments as defin& fcr pury***s toovy £60.(0) kn ￿*￿rWa5 as k4b)v
60.CQO. £70.(ts)
70.WO. 180.(kn)
The total amount of empbyee bwefils (Inc1w%￿e ol InS￿rance and pwsbDn contribudonsl by key mAnagem￿t pwsonnel was
(419,067 rioio. 1414.1931-
ND rernuneratyoD has and no ew$es have b*n r*M￿r5e￿at¢nJed regardkng any Gavgrnors other than..
Thwe wère e¢w5es forraveJ arnd W￿$t*r￿0 repwd to GovwrKref C64 (2020.. £3111.
R G la5 ￿th￿r￿ G Shaw Ltd). a Prac￿￿1 charter& acc￿￿TAn4 a5fdkM
St Rkhard's HosP￿eTradI￿ Compwy LiryM¢ed-'R G Shiw
670
750
68012020. £6BOI b included accrnals In rèwr ol lrtth￿ts owed to RKhard G Shaw Ltd atthe >*aT end.
The Gts*mcfs are Mtisf•Bd t￿¢ ￿￿￿￿l0fthe￿e fees compl￿5 wth th• r4wifeménts ofthe Ctharfdes AcL2011.
Page127

ST RICHARD'S HOSPICE FOUNDATION
NOTE5 TO LHE CONSOUDATED FINANCIAL STATEMENT
fQR THE YEAR ENDE
AR
H 2021 (CODI￿￿ed)
NET INCOME
The net in£(xne 15 afr¥ charglTr¥.'
DEPr￿13tic￿l
466.303
409.632
OpaTrun8 Ip33e£hays".
buildi￿S
orhts-
459.6ts1
804
434.977
4.B84
Auditor's reJ)wnvation'.
Charry audit
Sub￿dIary aud
Iisoo
3,OQQ
Pensiofi Costs
434.790
417.785
Governors ern0￿meN$ and other baEfits etc
849
TAXATION
Tho compay 15 a Wstered charity And ￿ not to Cfnofdrion rax. No liability to UK corptsraTion tax arose on ordinary KrrvitiE5 of t
$ubldknry ccrfnpany for the ￿ar 31 Mirch 2021 rbN lof theypar endÈd 31 March 2020 as all Pr￿LS areyft4idEd to the parknt chrity.
Page | 28

ST RICHARD'S HOSPICE FOUNDATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR TH
AR ENDED jl MARCH 2
11 {C￿(lnue￿I
TANGIBLE FIXEOASS£TS- GROUP AND CHARITY
Refurbishment
Long
ofshort
Le43ehold Le￿h￿d Shop5 Medlcal
d Warehousè
Freehold
Land and
Commerdal
COST..
Ai l Aprll 2020
AdditKins
Dis￿5￿15
524,202
956.843
78.513
5,985
10.650
124.2J7)
At31 M¥ch2011
524.2112
11.06l536
100,000
956.843
84.4?A
DEPRECIATION..
At l April 2020
Cha￿e k>r year .
D￿posaLI
36.778
10,484
1.680.20S
223.&35
12,26Y
725,540
107,844
50,J79
11,958
At31 M*rth2021
47.262
1.903.840
13,067
833.384
62,J37
NET BOOKVALUfr.
At31 Nuth2021
476.940
9.158.696
86,933
113.459
At 31 Mirth 2020
487,414
9.395.918
87.nj
231,303
24134
an
Motor
Vehi£ts
orficr
Buibj 2021
COST:
l Ayil 20?0
drbns
347.602
2.1O6.S36
J81.OB4
39.643
316,522
25,272
13,820,532
2.144443
124,117)
DkpD5I5
31 Mv<h2021
2.4$4.138
JBI.084
39*43
341.794
15,944,738
DEPRECIATION:
At l Aprfl 2021
arye foriwr
sposals
113.862
37,070
30,684
6,137
154,556
6B,374
2N4.271
466.302
At 31 March 2021
150,932
30,821
212.•30
3.270.571
NET 800KVALUE
Ar 31 March 2021
l454.138
l3fl.152
2,822
18,964
12,674.165
At 31 Mwr¢h 2020
347.602
267.222
1959
161.9é6
ThÈvalueofintantiW usetswu Imm3teriaL as sKh bEal 5pllr from the figurewthln Office Equipn%ntTh¢ w bO(4(￿ue0f
these ￿￿$ wa$ 12S.192.
Page129

ST RICHARD'S HOSPICE FOUNDATION
TE
THE CQNLOLIDATED FINANCIA
FOR THE YEA
I MARCH
21 Icownuedl
FIXELI A$5ETS INVESTMENTS
Group
Ch￿ty
2021
2020
2021
2020
Valuatlon
At l April 2020
diwn5 at£05t
Oisposal prcce&5
Ner gainlV05$1 on I￿Ve51m￿lES
J,161.002
305.734
(239,739}
434,9J8
3.242,840
574,399
1499.0571
3.242.940
574.399
1499,05n
1157.1801
305.734
(239.7391
434,938
At31 Marth2021
3.661.935
3.161.W2
3,662,035
Flx¢¢ agx¢ knvesement5 by typ¢:
Cash w iTrtWe5¢depo*t
ritith GweThment Stocks
Fixed I￿￿TeSt
Hedge Fthds
O¥Er58a5 E9￿￿&s
UK Equides
Infrastyuaure
Abwlute
A55erl*owty fijnds
Unmsted share5 In pintventurd5ubs￿thry
at C05t15eÈ notes 16 and 171
414.276
116.829
756.853
197.979
414,276
1 la.829
756.853
197.979
813.875
Bl 3.875
1.191.9
S70.726
476.087
913.069
537.366
483.6BS
1,198,980
S70.724
476.087
913.069
537,366
483,685
128.084
9&965
128,084
96.965
100
21
3,661,935
3.161.L¥)2
3,662,035
11 31 March s ryrp5elltèd by.
Cost
Re￿￿￿0¢￿ at 31 March
1912,793
749.142
2J66.148
294.854
2.912,89J
749,142
le￿.148
294.854
3,661,935
3,161.(*)2
3,662,035
The chrity rna￿￿ ils Investmems rfsk by retalnini thc 3wvKe5 ofexperr aoknsers ¢p¥*￿l a cornprehenswe Inkwtmert wlicy as
d*311& in reP￿t ol the 8Ovemors.
INvesTMENT PROPERTY
Group
Charity
2021
2020
1021
ioio
¥￿￿atr¢In
Ar l April 2020
Addrtws atCQSL
DLsposxl t￿oceEdS
Change ol xcountty treitynwt
Re¥alua¢
582.681
1582.681
Ar31 Mth2011
2019wasthe ￿5¢year￿h￿TractOu￿1￿g for hiYestyneTrt pmpertie5. ovmed by St Pachard's Hosp￿￿ Ftsundat*)n and ￿$¢d fortradiry byStRichard's
HO5￿e Trading C¢xnpany Limiied COU￿ be treated 15 3n inve5tmenE in the chrrf5 account and a fixed 3s5et ID the gmup aCcO￿r5. Thè
3tCowting trearmeni ol thi5 c1155 of as5eL is ni)w to deprecia￿ k as a fLYed a55w in ￿th Voup and charity xccunt5.
Paze l 30

ST RICHARD'S HOSPICE FOUNDATION
NOTES TO THE CONSOLIDATED FINANCIAL STAreMENTS
R THE YEAR ENDED JI MARCH 2011 Iconrinuedl
5VBSIDIARY COMPANIES
The charity h3S th￿1￿k)wIng5￿bs￿i￿ ctrmpanies..
Subsidiary undertal¢lhgJ who* r¢sults have been c￿5011￿ated in these accounts are:
St Richard's H05wce Trading Comparby timlted (Company Nts.: 0410S373)
Narur• ol Shop and cormiercial wailin&
aa*5 olshire5.'
OrdinAry
ho￿1￿%
2020
355ets
Allregitp 1kb11￿e5
Aggwgate c3piLII 2nd r¢s¢tW•S
4BO.534
(480,434>
100
34&719
1346.6191
The Compaw had incomè of 12.134.87712020 - £1089,057) eXYDd￿re of £1.627.870 . £1.5715951 leavknE a of 1507,007
(2020- £517.4621 whlch dstrfMted as a aid p3ymeni ro thi5 chwjty.
INVESTMENT IN IOINTVENTUAES
Wort•#tèrthlr• H05plce5 Lottery Llmit•d {Company no. Q368gM8>
Nawre of buSinE55.. Fundt*wng
Cl#55 ofshares
hokjint
33.33
Thech3rWs Interdtt In thè 12 mortths te*31 March 2021 ofWorco5tW5hYe Hospt¢s Lo¢¢¢ry Umited are 35 folhws..
292Q
Turnov
Other irKome
Extwdiwre excbjdiry audtt fee
Auditkn
169,8Z2
342
<514651
(1,200)
IB4.559
175,599)
ProfiEk>r they
Prtor year 14usDmenE
Gifr d15tr1wtw)n to charfty
116.499
803
{117A02)
107.769
1107.7691
Reraind fortheyE¥r
Fnced 3s5ets
Curwta55ets
Cllrront I￿￿11t1•s
40,041
46,106
146.0061
TO￿ assets ￿Ss(Urrent liabil￿45
loo
S￿￿0P1[al
100
At 31 March 2021 ￿ ft￿h*ds HoSp￿e ￿ThdatiOn £7.745{202￿ (8.4211 CI.165 QD?Q- Q1081 to tr2ding baknce5 by
Worc￿l￿$h1re Hospices LotEery Limited. The Cafws v4IuE of Lhis compay in the Group Balanc* *hÈAi ￿ ÉI¢0 and forms part ol the
iwe5tment5 hlanc
Pagèl 31

ST RICHARD'S HOSPICE FOUNDATION
STOCK
Group
Chuity
60,472
74,919
DEBTORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR
Group
Charity
Vnr*stricted'.
Tride debcors
OLher debt
VAT
19,934
442.288
162.326
1,640,697
7.745
53,734
7&5(XJ
1&279
242,181
145.*311
I￿30.405
7,745
313,526
27BOS
76,%X>
PopayTnents hnd accrued irKome
Amowt5 duefrom j(xTht venture
knoWrtsd￿{rtsm Subsldlary Unde￿￿￿85
1.55q875
421
1.448.577
8,411
15CI.OZI
2,27L99
IA26.909
2,164,133
1.829.907
Rosttyrted..
Prepiyment5 and xcrywj
2,395
2.395
2,J95
1395
1275.385
IA29.304
2,266.628
1.832,302
20.
CREDITORS.. AMOUNTS FALLING DUE
WITHIN ONE YEAR
Charity
20
Unre5tric¢ed:
Tradè <r*dittir$
Other creditors
Social Security and Other tax
Accruals and delerred inc¢Jme
Coronavirus business Interrup￿
368.490
148,681
112.224
839.281
19.4S3
144.S2
112,S04
316.433
233.334
289.315
148.681
544,510
12,504
415.483
233,334
711J61
1.073.154
1.468b76
14
1,272.081
Restricted:
Other <re(lirors
10.549
9.284
10,549
9.184
1.083,703
1,477,960
916.793
20.
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR (Continu￿}
Included I￿ a(￿U¥l$ar￿ deferred inccm? isilEferrcd ￿t(￿ne Df £87.79312021> £123,799) fOrthegrO￿Pand thecharity3ndthig igartatys￿ ￿k1￿.
GROUP AND CHARITY
Edv¢ation
and tr￿ning
income inc.
Total
For
Grtyjp
events
ptsst
year end
Grants
NP15
Donltioibs
.t)eirr¢d intome ￿ught tDryaFd
RdÈased In year
Deferred during year
4,172
(4,1711
59,527
60,000
113.799
{60,0001 12.18S.1)0) 12,401,920)
20.000 2.238.432
2,365,914
107,482
DEferred inrorne tarritrj knard
20,000
53,)01
87.79J
Th• arnUn￿ ￿￿e only been deferrd when the gmup nat have untondiiioy￿l wtidemenr ro the Income or when the ￿¢0m0 rolaro5 to
delw of a service ifMS is therelore only reco¥nI5￿￿ to the extènr th3r the char￿1 ha5 pr¢wided the 5eryiCe.
14QIE&￿ CQNSQUDATEDFitrIANCIAL STATEMENTS
0131

ST RICHARD'S HOSPICE FOUNDATION
FOR THE YEAR ENOED 31 MARCH 2021 {Co￿nued)
CREDITOR%. AMOUNTS FALLING AFTER ONE YEAR
Group
Charity
2020
Cor￿￿￿7r￿S busines5 interW1a￿ ban
1,760.606
1.706,666
1,766,666
1.766.666
22.
CONTINGENT ASS￿$
As at 31 M3rth ZOII the thanty had been notthed al 10 legacw, the values ol vthith are unknown. or tsnnoL be rdiabty mra5W￿j. As ac tt
aFwoval date ofthÈthnanaLI Stat￿nts no fijrrher Informati￿ had bew rK•Yed and thwèforè thlg income fvas not bci* ac[n￿d.
23.
PENSION COMMITMENTS
cornpany Ccnrrib￿ to i (￿n￿j Portslon scknÈ owltpd ￿ the NHS. Ner NHS pwgon Cosrs 01 É271.79312020- £26&2361
wèrè charg& In the Stsremeni of Acthities during the year. Th¢ ¢ompany alw CoThtribU￿ £147.498 12020 - £12&5271 to so
pty&%' otcupaDonal p￿$￿)￿ s(FRme$ 4rwJ £15,498 Q020. £U.0221 to employees'prwdte wsi(Jn s(theme& IDdudd kn other Credltors at
31 March 2021 É3&681 Q02ri- u7.9021 In 10t￿ NHS scheme and 14,999 P020- £20.9161 in reknion ¢0 thè w(Jrk place peTr510n
sthèm&Thpc05tand Iiabilrty is1w￿r& beLbfftn Xtr￿[￿$￿ reference ff>th&arèa th￿£m￿OYee 15 y￿r￿n8 in. Tho Cost and lthillty Is all(￿￿ted
nsc lund5 urless arestrfftd I￿￿1 alk>w& the expwditsre.
The NHS 5theme Is a defind bEnefit Kherne %4thich Is UTh￿￿£d. This is 3 mults-empbyer Pen￿0Th Kherno based ￿ final Wsionable pay.
contrbi beii8charged rothe profit and k>55 SO 35 ro ypjd thèttsst alpensK)n50veremployees' worklngliYe5 Wth the tompany.
The£0￿P￿TrY actounts lor the as a defined Contriiwuon scheme nor required ro acco￿ tsr 2ny5haro ol the a&set5 or liabl1 wes
of the In accordancd ￿ FRS 102. Tths ￿ de￿￿￿ apprèpria¢e 3$ the ￿mpanY ha5 no (xwoing once the cOTrtr￿Uu0rt5 to th
sthomèarÈ mid
24.
REL4TED PARTY TRANSACTIONS
Charlry ovmed 33.33% of Worce5rershlre Hospicts Lwcwy Linytèd owntrshp A￿d c¥mrol is split equalty between St Richar&5 Hospc<
orns C￿d￿'S Fkspke Tradin¥ ￿rn￿ed and Prkn)rose Hosplct ￿rn￿d. D Coms (Senior knagerl èndl Patel IChlefExKutiY*ll #re l5Q
d*ectors of Worce5ter5hire Hospkes Lottery Linited. St Rbthard's Hosplce recep￿1 £l17.30212020. £107.769) gllr aid tr(Yr Worcestershiro
Pnspkes LottÈry and charyed LO P￿20. 12.6141 fur re￿[ whK* 15 consldered by Govwnors to bè a rnArket At 31 March
2￿11 worces￿￿1tr Fkn5pKe5 Lfftry Lknked tx¥ed St ￿[h￿rd'S HosFrf￿ £7.745 Q020. £&4211.
Rshaw w&utes dr staww icmunts for5t R￿h￿&sH￿sp￿e Tr3dlry Cornpany ￿MIt￿ an1[￿valof￿4o K% S￿%¥￿ ITr w9for complerh)
01thts Sery￿e.
Sc R￿hard'S Ho4>ic8 FoUndat￿n wa5£h¥￿d £11&3051101￿£6sa2O0l by S[￿chOrd's Ho*¢e Trading Compary L1Th￿ted for adrnhlsterhig th
Sak ofgoods gwtéd tothÈ h0spKe￿d for whlth ailfr ¢l*¥n Yrts mado St Richard's Trnd1￿ CL*pany Limwl owed £313516 to St R￿ard'S
HospKe Foundarion as at 31- Marth 2021 IC150.022- Z02QI.
CAPITAL COMMITMENT
There YAS a wital cyrrynitrnent of £91714at 31 Muth 202112020 £1￿0.4581. Thk com[[￿tThe￿[ rdata to the Build 2020 proiKt aod ￿ to
befiJndeO ty the￿nre5￿￿t¢d re5erYes *o¥e th• 5rar4d résttves as T￿ted on page I l.
P4e133

ST RICHARD'S HOSPICE FOUNDATION
NQIELTLTHE CON
LIDATED FINANCIAL
TATEMENTS
R THE YEAR ENDED 31 MARCEI 2Q21 Icontswèdl
26.
OPERATING LEASE COMMITMENTS
Thet￿1 future MiDirt￿M ￿a5* payments wdor nr]￿tanc￿￿￿ble operatyn8 Ipa5e5 ara beh￿r.
Land and
GROUP
Within one year
BeLW*Tr two and five years
er fve yv¥s
3JO,058
498,981
181M33
3,791
4,779
3,641
7.767
691867
245,O)0
1,010.872
B.571
CHAIUTY
Within yèar
8etr4*n rwo and five
five year5
1988
4.779
7.767
7.767
IQ755
ThÈ group has off bthnLp sh￿t arrang•mwts In the form of operatir¢ lea5e5. thith rnean5 nerther the liabilty uThd¢r rhe kne rho
rePdted 255ots appears on the Balance SheEt. Thè Veup uses operati￿ lea5e5 50 * has the benef¢ ?{ thnE o¥er a defined penod and dsks
are retwn¢d by lessor.
Page | 34

ST RICHARD'S HOSPICE FOUNDATION
ITES TO THE CON50LIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAR(tL2Q21 Icohtinued)
27.
PRIOR YEAR STATEMENT OF FINANCIAL ACTIVITIES
Total
Tot
Utbrestfirted Re5trjcted
Fulld5
INCOME FROPi.
2.660.164
1,076,384
J.73&648
2,114174
Other Trading
3,901.602
3,901.W2
149Jl
at* of w IKomt c4Jtsint Vlnwre
107,769
107,769
TAL INC
ME
904.740
1.076.384
9.981.114
EXPENDITURE QFL.
Iw Funds
3,156,229
30,215
3,186,454
Charitsble AcDyltres
5,930.885
IOB,614
6,039.4Y9
TOTAL EXPENDITURE
9.087.114
9,22S.9$3
NET IÈXPENDITVRE
INCOME ANO
NET MOVEMENT IN FUNDS èEFORE
(LOSSES
GAINS ON INVESTMÈNTS
(181374)
937.545
755.171
Net IbssÈsllg￿r￿% an In¥èsurJèThts
(1S7.lUO)
NETJEXPENDITURE
INCOME
(JJ9,554)
"937.S45
597,991
TMsfÈrs bÉtWè￿ fvnd%far item$
990.56J
{990.S63)
VEMENT IN F
651.1109
153.018)
597.991
RECONCIUATION OF FUNDS:
TAL FUNDS BROUGHT FORWARD
15,493,604
78.336
15.571,940
TOTAL F
ARRIED FORWAII
16.144,613
15,318
16,169,931
F*135

ST RICHARD'S HOSPICE FOUNDATION
NOTES TO THE CONSOLIDATED FINAN
TATEMENTS
FOR THE YEAR ENDED J I M
21 (Continuedl
28.
RESTRicfEDI UNRESTRicfEO FUNDS
The Generil Fund r¢preseTrts the tr* fvnds olthè Howce whkh are not d￿￿$That*d lor wdculir ￿rPOS￿ The ir1vest￿t tsifvalue reserye
rewe￿￿t5th¢ excess of fair ¥￿u¢ over th¢ hlm)rk cosr of the Inve5trnènts.
The desfdTrated fixEd a55eL fvnd beeTr set up to as>st In ￿ett￿fyIrrI those fvnds 3re not tr* fvndL It reprtsènts thé nec b)ok ¥alue of
tan¥iblE fixed assets those trngib￿fr(ed assers hJmYed trom restr*Eèl fiJndk
The tr3ndÈr (rom orher to the del￿nIted fixed 35set fund of £1124.20712020 - LI.779.4981 for the grow and chirw represents
unrestricted iawblo addrlons in The year.
WI￿ lund* sUb￿c[ ￿ a re5trk*w used to purchase 3 fixed OSS*L the re5￿Ct￿ 55 deemed gtisfied. rrearmait aPFlie5 to fund
vthere rhe¥ hAYe to PLY<has¢ an as5eL
ather lund5 roprBwnr amounTS hekl trom Sm31￿r granl making trusts ￿ othET5 for ￿rious restrKted purposes to
thLxr Irdr4Alual SI￿ ?r@ not to be dlsdosed separarely In thesé Jccounts.
GFIOUP
At l Awil
2020
Inve5tmevt
Galnsl(L05￿5)
Transfers At 31 March
2021
IrKome ExperKlltsre
General lund
4A33.498
,7*2hOI
14401,1921
9.925
{2,153,482)
5.OBO,350
Irwe5¢mènt ￿r¥￿ue reserve
294.854
425.013
29,275
749,142
DeSi￿ated fund¥
FD(•l a55er fund
{466,303)
2.124.207 12*74.165
Total uThre5tritted funds
1 &144,613
8.792.601
{6,868.495)
434,93B
18,503,657
Restrltted funds
Othw ￿Thd5
25,318
1,969,960
(1,887.8951
l 01,J8J
25,318
1,969.960
(1,887.8951
107.383
Tgtsl fund5
10.762,561
(8.756.390)
434.938
18.611.040
shou￿ St Rtchard'5 byant ro Wikknd Driye, ilw￿ld need from the Slg Lottery as th￿ was # condti￿ tsffundir
reg1Ster￿ at LarKI R•wsrry.
Page136

ST RICHARD'S HOSPICE FOUNDATION
NofES TO THE CONSOLIDATEO FINANCIAL STATEMENTS
RTHE YEAR ENDED 31 MARCH 2021 (cont￿￿ed)
RESTRICTEDI UNRESTRICTED FUNDS
A55ETS AND LIABIUTIE5 REPRESENTING UNAE5TRICTED FUNDS
GROUP
General Fund
Re: Investment
F￿r Value
Total
Total
Designated UThrettrfcted Unrestritt
Fixed Asset
Funds
Funds
Gener
Eulld _
ED ASSETS
Tanybka55et5
InYe5tmw
lnVe5rrn￿ts In ￿Int venrLYe
12.674165
11.674.165
3.661.835
2.912,693
loo
749.142
CURREtr*f ASSETS
Stock
D¢btor5 It4xe 191
60.472
2,272.990
60.472
2,Z71990
74.919
IA26.909
Cash ai bank
2.673.915
2,673.915
1.534,198
REpL￿. Amunts falllnz d
in ¢ne year IN(bfè201
{1.073.154)
(I,Q7J,154)
11.466.676)
CREDITOMS. Amounts ￿lIr¢ due
oneY￿r. IN¢rt211
(1.766,666)
{1.746,666)
Totol Fund5
5,080,350
749,142
12.674,165
1IS03,657
1&144.613
ASSEfs AND UABILITIES REPRESENTING RESTRicfED FUNDS
GROUP
Total
TotAI
Restricted RestrKtwJ
Funds
F￿4$
FIXED ASSETS
Tangible 35
In¥esrrnents
Inves￿eThts ￿ jL¥rt Yerture
CURRENT ASSETS
Stock
Debcor5 INote19)
Cash at
1395
115.537
2.395
32.207
CREDIT
. Amounts hlliThg due
v*thin oneyear (Note 101
(10.54111
19284
TtAal Fund5
107,383
25.318
Page137

ST RICHARD'S HOSPICE FOUNDATION
TATEMENTS
NOTES TO THE CONSOLIDATED FINAmQ1￿.
EOILTHE Y_EAR ENDED JI MARCH 2021 IContyu¢dl
29.
COMPARATIVE UNRESTRICTED FUNDSIRE5TRICTED FUNDS
'GROUP
AtlWI
2019
InYe5trnent
Transfers At 31 March
ioio
Expenditure
General fund
5.395.175
8,904,740
(8,677.482
{18,799)
{770.136)
4,833,498
Investmetht fair Y￿ue reserve
4S2.034
{138.J81>
(18,799)
294,B54
Designated funds
Fu(ed asset fund
9.64&395
I409￿32>
1,799.498 11.016.161
T¢)tal urbr•stricted funds
1S.493.$04
B,904,740
{9.087.1141
1557.18Q)
990,563 16.144.613
RestrIct￿l lunds
FI)St￿Ce Fund
Community ca￿ Fwd
IPU Extens￿￿ Fund
2020 Capital Apwl
Other Funds
50.0(L)
2&366
154.274
(138,839)
(18,453)
25,318
7&336
.076.JB4
(138.839)
{990,5031
25.3IB
Total fijnds
15.571,94ts
9,981,124
(9,2Z5,953>
{IS7.100)
COMPARATIVE ASSET5 AND LIABILITIES REPRESENTING UNRESTRICTED FUNDS
GROUP
General Furtd
jDVEJtment
Fair Value
Total
Unre¥¢￿tted
Funds
Designate
Fixed Asset
Genernl
FIXED ASSETS
Tangible assers
2.866,048
loo
294.854
3,160,902
100
Invèstm￿tS in ￿lTht ¥envJre
CURRENT AS5
Stork
Qebtors INotÈ191
sh at bank
74,911
1,826.909
1.534.198
74,919
1.820.gQ9
1.534.198
BEDITQR%' ArKJunrs falling due
ithin one year IN0￿ 201
11,464676)
(1,468.676)
Totsl Fund5
4.833,498
294,854
1.016.261
16,144.613
30.
LEGAL STATUS OF THE CHARITY
Thecharity is a cornpiny linwt& by guarantee ha5 no 5harevAwtsL The liibliyoleath thern￿r in the eyent o1wnd1￿ up LT limittd to Ll.
CQNTROLLING PARTY
The chxity 15 under the Iyntr¢A of Ks GovwDor
32.
AGENCY NOTE
Sr RKhards Hospicè Trnd1￿ Company ￿rnrte￿ 15 in agent to St ￿th￿rd'S Hospice on sdling second ￿rtd goods for wthith Gilt
c13imed. Totsl Gifr Aid sxles were 1220.n5 11864,28S . 2020) and Ihe rwTr3Eement charye for thry Sor￿Ce was £168.305 1£650.100- 20201.
C93,7611£94.JI6-20201 Isheld In orhercTeditors on behAlfoFtheWorre51eTknteTruStto payk>rthÈ trainlngol sPea￿[Y palharNe reiistrar5.
(9.5QO IL7.229. 20201 is held In llth￿ Ireditors being refvnds rnxdÈ afrer rhe year end foreyenty onidled due 10 re5trictyon5 IDtrodKed by the
govemmenE 10 combar the COVIt>19 ￿[br￿
Page138