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2022-03-31-accounts

Page
Reference and administrative details of the charNy
Trustees' report 2-17
Independent auditor's
report		 18-20
Consolidated statement
offlnanclal		 actlvlties 21
Consolidated Balance Sheet 23
Company
Balance Sheet
Consolidated statement
ofcash flows		 25
Notes tothe financial statements 26-51

FOR THE Y EAR EN DED 31 MARCH 2022
Unrestricted Restricted Total Total
funds funds funds funds
Note 2022 2022 2022 2021
R E E
INCOME FROM:
Donations and legacies 4,219,764 473,350 4,693,114 6,720,674
Charitable
activities		 2,529,077 2,529,077 2,659,603
Other trading activities 4,262,651 4,262,651 3,005,720
Investments 93,321 93,321 70,732
Other income 28,813 28,813 15,890
TOTAL INCOME 11,133,626 473,350 11,606,976 12,472,619
EXPENDITURE ON:
Raising funds:
Voluntary
and trading income		 8 3,015,168 3,015,168 2,959,667
Investment
management		 22.697 22,697 17,073
Charitable
activities		 7,706,395 422.754 8,129,149 7,657,989
TOTAL EXPENDITURE 7 10,744,260 422,754 11,167,014 10,634,729
NET INCOME/(EXPENDITURE) BEFORE
INVESTMENT GAINS/(LOSSES) 389,366 50,596 439,962 1,837,890
Net gains on investments 163,420 163,420 560,027
NET INCOME/(EXPENDITURE) BEFORE 552,786 50.596 603,382 2,397,917
TRANSFERS
Transfers between
funds		 94,808 94,808
NET INCOME/(EXPENDITURE) BEFORE
OTHER RECOGNISED GAINS AND 647,594 (44,212) 603,382 2,397,917
LOSSES
NET MOVEMENT IN FUNDS 647.594 (44,212) 603,382 2,397,917
RECONCIUATION
OF FUNDS
Total funds brought
forward		 14,664,748 192,037 14,856,785 12,458,868
TOTAL FUNDS CARRIED FORWARD 15,312,342 147,825 15,460,167 14,856,785

FOR THE Y EAR EN DED 31 MARCH 2021
Unrestricted Restricted Total Total
funds funds funds funds
Note 2021 2021 2021 2020
E B E
INCOME FROM:
Donations and legacies 4,705,536 2,015,138 6,720,674 4,467,873
Charitable
activities		 2,659,603 2,659,603 2,6e7,e93
Other trading
activities		 3,005,720 3,005,720 4,595,435
Investments 70,732 70,732 89,679
Other income 15,890 15,890 75,000
TOTAL INCOME 10,457,481 2,015,138 12,472,619 11,915.eeo
EXPENDITURE ON:
Raising funds:
.Voluntary
and trading income		 8 2,959,667 2,959,667 3,512,417
Investment
management		 17,073 17,073 16,371
Charitable
activities		 5,837,331 1,820,658 7,657,989 8,436,833
TOTAL EXPENDITURE 7 8,814,071 1,820,658 10,634,729 11,965,621
NET INCOME/(EXPENDITURE) BEFORE
INVESTMENT GAINS/(LOSSES) 1,643,410 194,480 1,837,890 (49,741J
Net gains/(losses)
on investments		 560,027 560,027 274,053
NH INCOME/(EXPENDITURE) BEFORE 2,203,437 194,480 2,397,917 (323,794J
TRANSFERS
Transfers between
funds		 58,628 58,628
NH INCOME/(EXPENDITURE) BEFORE
OTHER RECOGNISED GAINS AND 2,262,065 135,852 2,397,917 (323,794J
LOSSES
NH MOVEMENT
IN FUNDS		 2,262,065 135,852 2,397,917 (323,794J
RECONCIUATION
OF FUNDS
Total funds brought
forward		 12,402,683 56,185 12,458,868 12,782,662
TOTAL FUNDS CARRIED FORWARD 14,664,748 192,037 14,856,785 12,458,868

2022 2021
Note E E
Cash flows from operating activities
Net cash inflow from operating
activities		 24 1,307,357 2,304,229
Cash flows from Investing activities
Dividends and interest from investments 93,321 70,732
Proceeds from disposal oftangible fixed assets i6,956
Purchase offixed assets (252,577) (99,885J
Proceeds from sale ofinvestments 300,382 52l,78 1
Purchase ofinvestments (1,208,696) 976,719)
Net cash used in investing activities (1,067,570 (467,135)
Change In cash and cash equivalents ln the year 239,787 1,837,094
Cash and cash equivalents brought forward 3,799,317 l,962,223
Cash and cash equivalents carried forward 25 4,039,104 3,799,317

stimated
residual value, over their		 ,
expected useful
lives on the following bases:
Freehold property -20- 40years
Freehold land - Not depreciated
L/Term leasehold
property
Property improvements
Furniture,
equipment
and vehicles
Computer and office equipment		 -Over the period oflease or 50years, whichever
-3-10years
-3-10years
-3-10years		 is less
Shop and office fittings -Over period oflease

.
INCOME		 FROM DONATIONS
AND L		 EGACIES
Unrestricted Restricted Total Total
funds funds funds fun cfs
2022 2022 2022 2021
E, E, E S
Donations 2,330,918 142,869 2,473,787 2,458,665
Legacies 1,769,597 1,769,597 1,306,513
Grants:
Local Authority Infection Control 90,748 90,748 102,874
Hospice
UK Covid-19		 239,733 239,733 1,564,152
Retail, Hospitality and Leisure Fund 81,337 81,337 335,197
Coronvirus Job Retention Scheme 37,912 37,912 907,773
Better Care Fund 45,500
Total donations, legacies and grants 4,219,764 473,350 4,693,114 6,720,674
Total 2021 4,705,536 2,015,138 6,720,674

.
INCOME FROM CHARITABLE ACTIVITIES
Unrestricted Total Total
funds funds funds
2022 2022 2021
E E S
NHS grants and contracts for patient care 2,495,922 2,495,922 2,654,149
Education and training income 33,155 33,155 5,454
2,529,077 2,529,077 2,659,603
Total 2021 2,659,603 2,659,603

.
OTHER TRADING INCOME - FU		 NDRAISING
INCOME
Unrestricted Total Total
funds funds funds
2022 2022 2021
E E S
Retail income 2,066,347 2,066,347 776,754
Lottery income 2,169,351 2,169,351 2,160,631
Other income 26,953 26.953 68,335
4,262,651 4,262,651 3,005,720
Total 2021 3,005,720 3,005,720

.
INVESTMENT INCOME
Unrestricted Total Total
funds funds funds
2022 2022 2021
E E S
Interest 422 422 1,357
Dividend income 92,899 92,S99 69,375
93,321 93,321 70,732
Total 2021 70,732 70,732

Staff Depreciation Other Total Total
costs costs 2022 2021
E E E 8
Expenditure on raising voluntary
and trading income 1,562,069 1,453,099 3,015,168 2,959,667
Expenditure on investment 22,697 22,697 17,073
management
Cost ofraising funds 1,562,069 1,475,796 3,037,865 2,976,740
Expenditure relating to delivery
of NHS grants and contracts for 5,994,335 498,280 1,636,534 8,129,149 7,657,989
patient care
7,556,404 49S,2SO 3,112,330 11,167,014 10,634,729
Total 2021 7,264,611 533,892 2,836,226 10,634,729

Unrestricted Total Total
funds funds funds
2022 2022 2021
E S
Retail and lottery costs 1,351,613 1,351,613 1,274,882
Fundraising costs 101,486 101,486 73,379
Staff costs 1,562,069 1,562,069 1,611,046
Depreciation 360
3,015,168 3,015,168 2,959,667
Total 2021 2,959,667 2,959,667

Activities Support
undertaken costs Total Total
directly 2022 2021
E E,
NHS grants and contracts for patient care 6,929,447 1,199,702 8,129,149 7,657,989
Total 2021 6,421,570 1,236,419 7,657,989

2022 2021
E
Drugs 207,670 186,722
Medicinal
supplies		 100,379 149,339
Cleaning and laundry 35,870 32,511
Catering 54,135 43,696
Small equipment 128,859 30,944
Training 43,644 21,119
Governance (225) 14,700
Contracted medical staff 364,779 288,974
Wages and salaries 5,152.821 4,862,623
National
insurance		 448,294 416,550
Pension cost 393,221 374,392
6,929,447 6,421,570
Total 2021 6,421,570

2022 2021
E
Premises costs 193,372 157,104
Travelling and subsistence 19,366 36,386
Office costs 127,260 127,168
Repairs and renewals 146,965 144,841
Legal and professional (16,463) 43,477
Staff recruitment 11,514 3,032
Other costs 219,408 171,099
Loss on disposal oftangible fixed assets 19,780
Am ortisation 18,378 19,292
Depreciation 479,902 514,240
1,199,702 1,236,419
Total 2021 1,236,419
12.
NET INCOME/(EXPENDITURE)
This isstated after charging:
2022 2021
E S
Depreciation
oftangible		 fixed assets
-owned by the chafiitable group 479,902 514,600
Auditor's
remuneration		 -audit 14,025 13,500
Auditor's
remuneration		 -non-audit 200
Auditor's
remuneration		 - tax 1,250 1,250
Operating
lease rentals		 420,614 477,929

Staff c osts were as follows:
2022 2021
E
Wages and salaries 6,545,548 6,311,519
Social security costs 555,721 518,295
Other pension costs 455,135 434,795
7,556,404 7,264,609
2022 2021
No. No.
282 300

NO1'ES TO THE FINANCAL
STATEM
FOR THE YEAR ENDED 31 MARCH
4.
INTANGIBLE FIXEDASSETS		 EN1'S
2022
Software
E
Group and Company
Cost
At
1 April 2021 and 31 March 2022		 198,510
Amortisatlon
At
1 April 2021
Charge forthe year 104,059
18,378
At 31 March 2022 122,437
Carrying
Amount
At 31 March 2022 76,073
At31March 2021 94,451

Long Furniture, Computer
Freehold Leasehold equipment 8 oNce
Property Property &vehicles equipment Total
E E E E E
Group
Cost
At
1 April 2021		 3,799,813 7,763,510 2,104,221 384,393 14,051,937
Additions 15,644 12,152 221,856 2,925 252,577
At 31 March 2022 3,815,457 7,775662 2,326,077 387,318 14,304,514
Depreciation
At
1 April 2021		 1,875,539 2,767,131 1,641,848 271,151 6,555,669
Charge forthe year 55,119 230,481 160,835 33,467 479,902
At 31 March 2022 1,930,658 2,997,612 1,802,683 304,618 7,035,571
Net book value
At 31 March 2022 1,884,799 4,778,050 523,394 82,700 7,26S,943
At 31March 2021 1,924,274 4,996,379 462,373 113,242 7,496,268

5.
TANGIBLE FIXEDASS		 ETS CONTINUED
Long Furniture, Computer
Freehold Leasehold equipment t.oNce
Properly Property 8 vehicles equipment Total
E E E E E
Charmy
Cost
At 1 April 2021 3,799,813 7,758,510 2,104,221 384,393 14,046,937
Additions 15,644 12,'152 221,S56 2,925 252,577
At 31 March 2022 3,815,457 7,770,662 2,326,077 387,318 14,299,514
Depreciation
At
1 April 2021		 1,875,539 2,762,131 1,641,S4S 271,151 6,550,669
Charge forthe year 55,119 230,4S1 160,835 33,467 479,902
At 31 March 2022 1,930,6582,992,612 1,802.683 304,618 7,030,571
Net book value
At 31 March 2022 1,884,799 4,778,050 523,394 $2,700 7,268,943
Af31March 2021 1,924,274 4,996,379 462,373 113,242 7,496,268
Included
in freehold
property
is		 Included
in freehold
property
is		 Included
in freehold
property
is		 land ofR1,114,199whic h
is not depreci		 ated.
16.
FIXED ASSET INVESTMENTS
Usted
Group securNes Land Total
E, E E
Market Value
At
1 April 2021		 3,633,851 67,500 3,701,351
Additions 1,208,696 1,20$,696
Disposals (300,382) (300,3S2)
Revaluations 163,420 163,420
At 31 March 2022 4,705,585 67,500 4,773,085
Group Investments at market value comprise: 2022 2021
E
Listed investments 4,705,585 3,633,851
Other fixed asset investments 67,500 67,500
Total market value 4,773,085 3,701.351
All ofthe fixed asset investments are held in the UK
31 March 31March
Group material Investments 2022 2021
8
Vanguard
Funds PLC		 419,001 346,346
Artemis
Fund Managers		 USSelect Intstl 134,822 184,237

Usted
securities Land Subsidiaries Total
E 8 E E
CharNy
Market Value
At
1 April 2021		 3,633,851 67,500 45,354 3,746,705
Additions 1,208,696 1,208,696
Disposals (300,382) (300,382)
Revaluations 163,420 163,420
At 31 March 2022 4,705,585 67,500 45,354 4,818,439
Charity investments at market value comprise:
2022 2021
E
Listed investments 4,705,585 3,633,851
Other fixed asset investment 67,500 67,500
Group 45,354 45,354
Total 4,818,439 3,746,705

7.
PRINCIPAL SUS		 SIDIARIES (continued)
Myton Myton Hamlet
Hospice Hospice
(Prom otlons) Development
Limited Limited
E
Gross income 3,679,677
Expenditure (2,534,499) (746)
Gift aid to the Charity (1,145,178)
Loss in the period 746
E E
Net assets/(liabilities) at the year end 103,630 (1,907)
8.
STOCKS
Group Char Ny
2022 2021 2022 2021
E. 8
Consumables 31,793 29.440 31,793 29,440
Goods forresale 31,329 15,332 505 758
63,122 44,772 32,298 30,198

Group Charny
2022 2021 2022 2021
E E S
Trade debtors 682,047 707,848 6S2,047 707,848
Amounts
owed by group undertakings		 657,575 615,853
Other debtors 116,2S5 100,099 109,576 92,149
Prepayments and accrued inc 558,761 727,604 423,263 597,790
1,357,093 1,535,551 1,872,461 2,013,640

FOR THE YEAR ENDED 31 MAR FOR THE YEAR ENDED 31 MAR CH 2022
20.
CREDITORS: amounts		 falling due within one year
Group Charity
2022 2021 2022 202 I
E E
Trade creditors 363,467 234,073 327,244 215,700
Amounts owed to group undertakings
Other taxation and social security 143,084 i22,940 143,084 l22,940
Other creditors 100,401 43,i32 100,401 43,132
Accruals and deferred income 1,510,301 i,414,780 1,262,521 1,119,542
2,117,253 i,814,925 1,833,250 1,501,314
Group Charsy
Deferred income E E,
Deferred income at 1 April 2021 987,623 827,549 807,133 645,046
Resources deferred
during		 the year 24,747 342,577 i62,087
Amounts released from previous years 180,490 182,503 161,870
Deferred income at 31 March 2022 831,880 987,623 645,263 807, 133

FOR THE FOR THE YEAR ENDED 31 MARCH 202 2
22.
STATEMENT		 OF FUNDS
Balance at hcome Expenditure Transfers Gatns/ Balance at
1 April in/out (Losses) 31March
2021 2022
E
Designated
funds
Fixed asset fund 7,590,719 (498,2SO) 252,577 7,345,016
hvestment
fund		 3,701,351 92,899 (22,697) 838,112 163,420 4,773,085
Service expansion fund 142,524 (25,794) 116,730
Warwick hospice 500,000 500,000
improvements
fund
Project funds:
Warwick
IPU beds		 300,000 300,000
Estates and equipment 100,000 (32,221) 67,779
capital expenditure
Expanding
services		 500,000 (11,453) 4SS,547
beyond Warwick walls
Digital strategy and 100,000 (18,055) 100,000 181,945
transformation
project
Income generation 100,000 (100,000)
opportunities
Pandemic recovery 1,000,000 1,000,000
14,034,594 92,899 (576,279) 1,05S,46S 163,420 14,773,102
General funds
General
Funds
—all		 630,154 11,040,727 (10,167,981) (963,660) 539,240
funds
Total Unrestricted
funds		 14,664,748 11,133,626 (10,744,260) 94,80S 163,420 15,312,342
Restricted funds
Other donations 144,702 142,869 (91,708) (69,703) 126,160
Vehicle fund 47,335 (565) (25,105) 21,665
Hospice
UK Covid-i		 9 239,733 (239,733)
fund
Local Authority
Infection		 90,748 (90,748)
Control fund
192,037 473,350 (422,754) (94,808) 147,825
Total offunds 14,856,785 11,606,976 (11,167,014) 163,420 15,460,167

Balance at Income Expenditure Transfers Ga&ns/ Balance at
1April 2020 in/out (Losses) 31 tviarch
2021
Designated
funds
Fixed asset fund 8,061,462 (553,642) 82,899 7,590,719
hvestment
fund		 2,686,386 69,375 (17,073) 402,636 560,027 3,701,351
Service expansion fund 155,400 (12,876) 142,524
Retail support fund 445,000 (445,000)
Warwick Hospice 75,000 425,000 500,000
improvements
fund
Project funds:
Warwick
IPU beds		 300,000 300,000
Estates and equipment 100,000 100,000
capital expenditure
Expanding
services		 500,000 500,000
beyond Warwick Walls
Digital strategy and 100,000 100,000
transformation
project
Income generation 100,000 100,000
opportunities
Pandemic
recovery		 1,000,000 1,000,000
11423,248 69,375 (1,028,591) 3,010,535 560,027 14,034,594
General funds
General
Funds - all		 979435 10,388,106 (7,785,480) (2,951,907) 630,154
funds
Total Unrestricted funds 12,402,683 10,457,481 (8,814,07 1) 58,628 560,027 14,664,748
Restricted funds
Other donations 56,185 248,112 (153,057) (6,538) 144,702
Vehicle fund 100,000 (575) (52,090) 47,335
Hospice
UK Covid-19		 1,564,152 (1,564,152)
fund
Local Authority
Infection		 102,874 (102,874)
Control fund
56,185 2,015,138 (1,820,658) (58,628) 192,037
Total offunds 12,458,868 12,472,619 (10,634,729) 560,027 14,856,785

Various donations
r
forward as restricted		 Various donations
r
forward as restricted		 eceived
for other
funds
until spent.		 specifi c pur poses
laid dow		 n
by the d		 onors are carried
SUMMARY OF FUNDS —CURRENT YEAR
Balance at Balance at
1 April
2021		 hc Expenditure Transfers
h/out		 Gains/
(Losses)		 31March
2022
E E E, E, E
Designated funds 14,034,594 92,899 (576,279) 1,05S,468 163,420 14,773,102
General funds 630154 11040 727 101679S1 963660 9240
14,664,748 11,133,626 (10,744,260) 94,808 163,420 15,312,342
Restricted funds 192037 473 350 422 754 94SOS 147825
14,856,785 'I1,606,976 11,167,014 163,420 15,460,167

Balance at Balance at
1 April Transfers Gains/ 31March
2020 hcome Expenditure h/out (Losses) 2021
Designated funds 11,423,248 69,375 (1,028,591) 3,010,535 560,027 14,034,594
General funds 979,435 10388 106 7785480 2951907 30 154
12,402,683 10,457,481 (8,81407I) 58,628 560,027 14664,748
Restricted funds 56,185 2015 138 1 820658 58628 192037
12358,868 12,472,619 10,634,729 560,027 14,856,785
Unrestricted Restricted Total
funds funds funds
2022 2022 2022
E
intangible fixed assets 76,073 76,073
Tangible fixed assets 7,268,943 7,268.943
Fixed asset investments 4,773,085 4,773,085
Current assets 5,311,494 147,825 5,459,319
Creditors due within one year 2,117,253 ~2,I 'I 7,253
15,312,342 147,825 15,460,167
Unrestricted Restricted Total
funds funds funds
2021 2021 2021
Intangible fixed assets 94 451 94451
Tangible fixed assets 7,496,268 7,496,268
Fixed asset investments 3,701,351 3,701,351
Current assets 5,187,603 192,037 5,379,640
Creditors due within one year 1,814,925 ~I,5I4.925
14664,748 192,037 14,856,785

Group
2022 2021
P.
Net income/(expenditure) for the year (as per Statement of 603,3S2 2,397,917
Financial
Activities)
Adjustment
for:
Depreciation
and amortisation		 cha 498,280 533,892
Gains on investments (163,420) (560,027)
Dividends and interest from investments (93,321) (70,732)
(increase)/decrease in stocks (18,350) 4,091
Decrease/(increase) in debtors 178,45S (78,150)
(Decrease) /Increase in creditors 302,328 57,458
Loss on disposal oftangible fixed 19,780
assets
Net cash Inflow from operating activities 1,307,357 2,304,299
25.
ANALYSIS OF CASH AND CASH EQUIVALENTS
Group
2022 2021
E
Cash in hand 4,039,104 3,799,317
Total 4,039,104 3,799,317
26.
PENSION COMMITMENTS

At 31Marc
operating		 h 2022the total ofthe groups future
minimum
leases was:		 lease payments
under non-cance		 llable
Group 2022 2021
Amounts payable K S
Within
I year		 303,992 303,759
Between I and 5years 442,882 325,993
After more than 5years 146,656
Total 893,530 629,752
At 31 March 2022the Charity had annual commitments under non-cancellable
operating		 leases
as follows:
Charily 2022 2021
Amounts payable E S
Within
I year		 237,526 260,259
Between I and 5years 386,842 266,386
After more than 5years 146,656
Total 771,024 526,645

ansactions
w		 ith the subsidiary
company
Myton Hospice (Promo		 tions)
Umited as set o		 ut below:
2022 2021
E
Management fees 93,162 93,643
Payroll costs recharged 1,118,612 1,114,796
Income from donated goods under the retail Gift Aid 835,105 251,343
scheme
GIff aid transferred to the Charity 1,145,718 1,150,770
personnel
of the charity were 8579,142(20		 personnel
of the charity were 8579,142(20		 personnel
of the charity were 8579,142(20		 personnel
of the charity were 8579,142(20
21:2539,561).
29.
FINANCIAL
INSTRUMENTS
Group Charity
2022 2021 2022 2021
Flnanclal assets E E S
Financial assets measured at fair value
through income and expenditure 4,705,585 3,633,851 4,750,939 3,679,205
Financial assets that are debt
instruments measured at amortised
cost 5,000,005 5,002,126 4,130,210 4,122,965
Financial liabilities
Financial liabilities
measured at amortised
cost 1,142,28S 704,362 1,044,904 571,241
Group Charny
2022 2021 2021
E
Total investment income for financial
assets measured at fair value through
income and expenditure 92,899 69,257 92,899 69,257
Net gains/(losses) on financial assets
measured
at fair		 value through income
and expenditure 163,420 560,027 163,420 560,027
Total investment income for financial
assets measured at amoitised cost 422 1,357 422 1,357