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2022-03-31-accounts

ST MARY'S HOSPICE A N N U A L R E P O R T & A C C O U N T S

H O S P I C E O F S T M A R Y O F F U R N E S S R E G I S T E R E D C O M P A N Y N U M B E R 2 0 1 6 8 3 1 R E G I S T E R E D C H A R I T Y N U M B E R 5 1 7 7 3 8

TRUSTEE'S ANNUAL REPORT

Welcome to our annual review, in which we’ll take you through the highlights of the past 12 months and show you how our careful stewardship — and your generosity — has ensured that not only have we been able to continue providing hospice services to our communities across Furness and South Lakes, but also how we’ve been able to grow, helping even more families by offering new services.

Like everyone, we’ve had to face challenges. Covid remains prevalent in the area and, despite the pandemic disappearing slightly from the media spotlight, we’ve had to be just as careful in 2021/22 as we were the previous year. And every indication is that Covid will be an aspect of our lives for some considerable time to come.

The economy is outside of our control, but economic changes have made fundraising harder than ever. Many of our supporters are faced with a cost of living crisis, and have to balance their willingness to support us with their ability to pay their bills. This is set against a backdrop of our costs increasing, such as rising fuel and energy costs, with indications that things may well get worse before they get better.

All of which provides a difficult operating climate for our fundraising and retail teams. However, you probably won’t be surprised to learn that they’ve risen to the challenge, and we’ll tell you more about how within this report.

Another major growth area came with us being awarded a contract to provide a Fast Track End of Life Care service.

Fast Track is a service which has existed for a while, but which we’ve only recently taken responsibility for in our area. We provide a dedicated to team to support and care for patients and families in their own homes where they have been assessed as being in their final weeks of life and choose to die at home.

A dedicated team helps ensure barriers are removed which prevent patients from leaving hospital. It is imperative that this happens quickly — hence the name fast-track — to ensure a patient is in the comfort of their own home as quickly as possible

More and more people each year chose to die at home , and delivering this service means we can join this to our existing Hospice at Home service to offer the best possible provision.

Finally, and in part because of those new services, we have continued to grow our team. Our board of trustees welcomed James Higgins, the former editor of the North West Evening Mail who runs the successful media and public relations company 32 West. James has been a friend to St Mary’s for a number of years and we were delighted to welcome him formally as a trustee.

In spite of all of this, 2021/22 has been a year of unprecedented growth for St Marys.

Working in partnership with Dementia UK, we’ve taken on a specialist dementia nurse, known as an Admiral Nurse, to run a service looking after people living with dementia, and their carers. Dementia is the biggest killer of adults in the UK and cases increase every year. We know that with an ageing population in our area, the pressure on the current limited dementia care provision will grow exponentially over the next decade. In working with Dementia UK and funding the service we’ve been able to begin to plan for how that gap might be filled.

The recruitment market is challenging for everyone right now, but we’ve been able to grow successfully. I was particularly pleased to see internal promotions on our clinical side, with health care assistants training and qualifying as nursing associates, and nurses stepping up to become sisters. I’m proud that our organisation invests in its people.

Graham Jowett Chairman

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WHAT WE DO

St Mary’s Hospice and our services are open to anyone living in South Cumbria, aged over 18, who is referred with a life- shortening illness. The hospice is open to people with any diagnosis, religion or race. All services are free at the point of use. Our principle sources of funding are from fundraising within our local community along with core funding from our local Clincal Commissioning Group.

Our Ulverston building offers 8 inpatient beds, used for a mix of end of life care and symptom management.

Our Hospice at Home service provides daytime nursing care and overnight support in patients’ own homes across Furness and South Lakes

Our Fast Track service is offered to people who are assessed to be within 12 weeks of death. Its function is to support people at home to die where that is their choice, and it provides support for washing, eating, dressing etc up to four times a day depending on assessed need. This service started to take patients in late May 2022 and delivers care to up to 5 people at a time. The service is delivered from 7am to 10.30pm. Patients are reassessed regularly to ensure their needs still meet the service criteria.

Our Living Well Service helps people with advancing illness maintain independence and wellbeing through therapeutic activities such as exercise, creative work, education on symptom management, emotional support and a Day Hospice.

Our Admiral Nurse service is focused on people living with dementia and their family carers. In 2022 this service will focus on laying groundwork through building relationships with other organisations. They will be part of the monthly multiagency Dementia Hub working out of the Living Well Centre. We’ve also started Dementia Cafés, where people with dementia and their families can come together for peer support in an understanding environment. From Spring 2023 this service will work to build support structures for family carers who are instrumental in keeping people at home. The service will initially consist of one specialist nurse and one HCA and we anticipate the number of staff and volunteers in the service growing over the next two years.

The St Mary’s Living Well Centre in Barrow offers a range of activities and services to improve the quality of life for people with advancing illness and their families. Services are provided in collaboration with partners from third sector, NHS and local authority.

St Mary’s Hospice also offers:

A link to ‘Drop-in’ peer support groups in Barrow, Ulverston and Grange-over-Sands Supportive services for carers

Placements for medical, nursing and social work students on rotation Professional palliative care education for the wider health and social care workforce.

The Bereavement and Family Support Service offers face-to-face and remote support from volunteers as well as online peer support. This service is available whether or not the person who died used hospice services. We are able to refer families to specialist children’s services if needed.

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GOVERNANCE

St Mary’s Hospice is registered with Care Quality Commission (CQC) to carry out the regulated activity: Treatment of disease, disorder or injury. Our conditions on registration being that we only;

The CQC last inspected St Mary’s Hospice in June 2016, when it declared all aspects to be GOOD and in compliance with CQC regulation and guidance. We then had a remote review from CQC during 2020 to ensure that with regard to COVID we were working within national guidelines to keep patients, families, staff and volunteers safe. CQC declared themselves satisfied by what they found. Since 2016 the process by which CQC inspects premises has changed with a new structure publicised from 2021. We await inspection under that new structure.

The hospice is unable to deliver improved palliative and end of life care working alone. To provide seamless and effective palliative and end of life care requires working in partnership with other orgs such as St John’s Hospice, Lancaster and other local health and social care providers of palliative care in Morecambe Bay.

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CARING BY NUMBERS

347 PATIENTS CARED FOR AT HOME

50 DAY HOSPICE PATIENTS

85 PATIENTS ON OUR IN-PATIENT UNIT

197 FAMILIES SUPPORTED BY OUR BEREAVEMENT TEAM

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CASE STUDY

THANKS TO ST MARY'S, I WAS ABLE TO BE MUM'S DAUGHTER AGAIN, RATHER THAN HER CARER Mary, who's mum Hens was nursed by our Hospice at Home team

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CASE STUDY: MARY'S STORY

I’m Mary and my mum, Hendika (who we called ‘Hens’ for short) was nursed through the final chapter of her life at my home, by the team of nurses from St Mary’s Hospice. Mum moved in with me in June 2018, because she was no longer able to take care of herself. Despite the onset of a number of health issues, Hens retained quite a lot independence, and we both enjoyed three years living together.

Gradually, I started to let the carers do their role and take over mum’s personal care. This was lovely and made such a difference.

It allowed me to be her daughter again, rather than her carer, and to do so without feeling guilty.

Sadly, in April 2021, Hens was diagnosed with pancreatic cancer. She went to hospital initially but after discussing her prognosis and life expectancy, she decided to return home and undertake palliative care with me.

Our local GP surgery referred us to St Mary’s Hospice at Home Team alongside other home support but, at first, I did all the care, as I thought that should be my role.

However, as Mum’s condition deteriorated, she was sadly was often incontinent in the night. I became exhausted. St Mary’s Hospice at Home team offered us support from their night sitting service. This enabled me to have a sleep through the night, as someone stayed with mum all night. They would chat until my mum, feeling comfortable and knowing she had support, would fall asleep.

The Hospice at Home team continued to visit both during the day and night. They showed such compassion and care and as she deteriorated their visits increased. On one occasion I even managed to pray with one of the nurses as mum was losing her fight with cancer.

Hens died in early June 2021 and I was by her side stroking her head as she drew her last breath. She had all her daughters present and it was peaceful. The Hospice at Home team were due to visit and were there shortly after she died. They looked after Hens, washed her and combed her hair. We returned to the room, I shall never forget how I felt, relieved that mum looked so peaceful, the nurses had laid three flowers next to her on her pillow, representing her three daughters. I wept with relief and sadness all in one, but the simple gesture of those three flowers meant so much to me.

The Hospice at Home team continued to provide visits during the day and I was able to discuss Mum’s prognosis and condition as I was worried about how she would deteriorate and how quickly it would be. They reassured me and were able to answer questions in total confidentiality. Hens retained her sense of humour and many of the carers and nurses looked forward to seeing her.

If you are facing a life limiting illness or a close family member is then, please, reach out for help. The Hospice at Home team gave my mum the ability to remain at home with such compassion and medical care with her family by her side. The team offer incredible support and provide respite at a difficult time. I know that I would not have coped without the Hospice at Home team and I am eternally grateful for them helping undertake the most difficult yet special time in both mine and my mum’s life.

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INVESTING IN PEOPLE

This year we recruited 23 new members of staff in a huge variety of roles, from a new chef to a new Head of Clinical Care. We added new health care assistants, new nurses and a new communications officer, as well as new fundraisers to ensure we continue to generate enough income to pay for our services.

All team members at St Mary's are cogs in a wheel that keeps turning to ensure we can provide the highest level of care to those who need it.

These are just a handful of our new faces!

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DEVELOPING OUR TEAM

As well as recruiting new staff, we also had staff members who progressed in their careers.

Brogan (left) and Kim joined us as Health Care Assistants at very different times in their lives, but both with the long-held ambition to progress into nursing.

Brogan, who comes from a long line of NHS workers, knew from an early age that she wanted to follow in the footsteps of her family members. She completed two years at Furness College before taking her first job in health care at 17. Having worked at St Mary’s as a Health Care Assistant she was supported to train as a nursing associate.

Kim had her family when she was young and didn’t think she’d be able to progress into nursing. Her family of four meant she had to work while she trained but a role as a Health Care Assistant at St Mary’s meant she could earn while she learned, working as a Health Care Assistant while training as a nursing associate.

Both completed their qualifications in April and are now employed as Nursing Associates — with the next HCAs keen on making the step already enrolled.

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FINANCIAL SUMMARY

We have had an excellent financial year, thanks to the continued support of the community, enabling us to achieve our core goal of caring for more people.

Our total income of £4.4m was a growth of 2% on the previous year. Legacies grew by 122% to £1m, offsetting the shortfall on prior year relating to government COVID support. Expenditure on charitable activities was in line with the previous year

Our retail and hospitality businesses in particular showed a remarkable recovery post COVID, with profit up £0.3m (40% and 25% gross profit respectively)

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2021-22

INCOME

Our total income was £4.4m in 2021/22 and the chart shows the key elements of this income, with the previous year’s for comparison.

Income from our charity shops and café both experienced strong recovery in the year post COVID lockdowns, with a remarkable income growth of 68% which offset the reduction in government grants.

Whilst overall donations dropped due to reduced income from charitable trusts, legacies increased by £0.6m.

2020-21

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FINANCIAL SUMMARY

Expenditure

Investments

Our overall expenditure increased by 3% on the previous year. Expenditure on charitable activities remained in line with 2020-21.

Our trustees invest our long term reserves to get the best growth they can while remaining within an acceptable level of risk. Investments are made for a minimum of five years.

The money we spend on raising funds increased by £100k, with additional funds spent on retail to enable the large income growth, and increased expenditure due to additional fundraising activity.

Our trustees wish to invest ethically and responsibly. We only use fund managers signed up to the United Nations Principles of Responsible investment. We also would not invest in companies or funds that generate more than 10% of their revenues from tobacco.

We use Sanlam Investment Management to manage our investment portfolio. Performance is reviewed on a quarterly basis.

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RESERVES

Like many charities, we keep a cash reserve to make sure we can still be there through difficult times, or if disaster strikes. We hold back enough to cover six months costs and any expected future losses. For this year that adds up to £3.1m.

On top of the enormous, ongoing generosity of our local community, in the last couple of years we’ve been fortunate to be beneficiaries of some unusually large gifts in wills, as well as some unexpected Covid related grants, giving us extra cash of around £2.7m.

This gives us a great opportunity to help more of the local people that need us by introducing new services. It also presents us with the challenge of how to pay for these extra services as that extra money runs out.

We’ve set aside another £1m to continue this investment as we learn what is most needed.

We also need to update existing maintenance and layout issues with our in-patient unit, day-care and office building in Ulverston, so we can better look after our patients, their families and our staff. We’re working on how best to achieve that and have set aside the remaining £0.7m to help fund the work.

Although we’re fortunate to have cash reserves, we know how quickly these will be used and the challenge we face in finding the extra income we’ll need to sustain our extra services in the coming years.

We’ve already committed £1m over the next three years on three areas:

3) We’ve been able to invest in our support teams, so they can continue to manage the increasing demand.

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FUNDRAISING

It’s always a challenge to raise the funds we need to provide our services — and we know just how lucky we are to have the support of our community.

We need to bring in funding all year round to make sure we can always provide the high standard of care, free at the point of need, that local people deserve. So many of the ways we raise money, such as our charity events, sponsored walks or sales in our cafe and shops — are hard to predict and, during Covid, we’ve seen just how vulnerable those income streams can be.

So, this year, we launched a new regular giving campaign, called Sponsor a Nurse, where we’re asking 500 people to sign up as sponsors and make an affordable monthly donation.

We worked with our supporters at Barrow Raiders on the launch, with our nurses and health care assistants leading out the players ahead of their game with York in May.

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FUNDRAISING BY NUMBERS

6,368 WEEKLY LOTTERY PLAYERS, RAISING OVER £235K EACH YEAR

100 CORPORATE DONATIONS

2,643 INDIVIDUAL DONATIONS

126 PEOPLE CLIMBED SCAFEL PIKE AT NIGHT, RAISING £60K

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RETAIL AND HOSPITALITY

We run charity shops in Ulverston, Barrow, Millom, Grange-Over-Sands and Dalton, plus a fantastic furniture warehouse in Barrow and a stall at the Conistion vintage summer shop, as well as our wonderful Orangery Cafe at the Hospice building.

Think you know charity shops? Think again. There might have been a time when the charity shop was the place we only went for items to make up fancy dress costumes, but that’s not true now, and certainly not in our shops.

Our dedicated team of staff and volunteers sort through everything that comes in and only offer items for sale that they’d be happy to have at home themselves. It’s an integral part of making sure the stock is worthy of those who support us. Our shops are also spaced out, with items properly displayed so that browsing is a comfortable and enjoyable process.

It’s not unusual for us to have designer clothing — sometimes brand new with the tags still on — which means customers enjoy the experience of shopping with us, and come back again and again.

Our Orangery is open seven days a week and, as well as providing food for patients on the IPU serves up to 200 customers a day. That’s a lot of cake!

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RETAIL AND HOSPITALITY BY NUMBERS

WE SOLD 25,381 ITEMS OF CLOTHING ACROSS OUR STORES

OUR CAFE SERVED AN ASTONISHING 20,098 HOT DRINKS

OUR FURNITURE WAREHOUSE SOLD 3,981 ITEMS OUR EBAY TEAM COMPLETED 3,733 SUCCESSFUL SALES

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WHAT COMES NEXT

We hope you can tell from our Annual Report that we think it’s really important to make a difference for our community. We want everybody who needs us to be equally able to access our services no matter their colour, religion, the kind of relationship they are in, their age or anything else about them. There has long been a belief that hospices nationally don’t reach around 1 in 4 of those who would benefit from their services. Over the next 12 months we’ll be exploring that to understand who we might be missing.

To help us do that we’ll compare those who use us against the shape of our local population from the most recent census. That will give us an indication of where we need to be more visible, because we know it isn’t about people being hard-to-reach, it is about us reaching out in the right way in the right places. As always we’ll work with partners to consider how we can reach through them to their communities.

Over the next year the new service for people with dementia will be developed using feedback from those using the service and their families. We’ll also continue to work with commissioners to develop the capacity of the Fast-Track service to make sure that those who choose to die at home are supported to do so.

To deliver current services and reach out in new ways we will continue to support and develop our amazing team of staff and volunteers. Everything the hospice is able to do is based on your support and their effort. It’s a team thing!

Val Stangoe, CEO

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THANK YOU!

THE LEGAL BITS

Over the next few pages we are providing some contents which, legally, we are required to publish. By definition these pages aren't as accessible (or interesting!) as the rest of this document, but they are important.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name Hospice of St. Mary of Furness Charity registration number 517738 Company registration number 2016831 Principal office & Registered office Ford Park Crescent Ulverston

Cumbria United Kingdom LA12 7JP

The trustees who served the charity during the period were as follows:

Graham Jowett, Andrew Wren, Graham Servante, Dudley Clark, Richard Bird, Lucy Cavendish (retired, 27th July, 2021) Denise Hardy, Dr Andrew Luksza, Esther Kirby, Alyson Dickson, Andy James (appointed 1st September, 2021), James Higgins (appointed 1st December, 2021)

The Directors

During the period were as above with the inclusion of Val Stangoe, CEO, and Secretary, Suzi Lake

Principal staff members Val Stangoe – Hospice Chief Executive

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THE LEGAL BITS

REFERENCE AND ADMINISTRATIVE DETAILS

Bankers

NatWest Bank Plc P.O. Box 81 Elephant Yard Kendal Cumbria LA9 4GS

Nationwide Building Society Kings Park Road

Moulton Park

Auditors

MHA Moore and Smalley Priory Close St Mary’s Gate

Lancaster

Lancashire LA1 1XB

Northampton NN3 6NW

Solicitors

Progression Solicitors 11 Queen Street Ulverston Cumbria LA12 7AF

Investment Managers

Sanlam Private Investments 55 Main Street Kirkby Lonsdale Cumbria

LA6 2AH

Furness Building Society 51-55 Duke Street Barrow-in-Furness Cumbria LA14 1RT

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MANAGEMENT

The Hospice of St Mary of Furness, known locally as St Mary’s Hospice, is a company limited by guarantee as well as a charity and exists for the charitable purpose of the relief of those in need by reason of ill-health.

Trustees are responsible for hospice governance and work alongside the Senior Management Team responsible for the dayto-day running of the hospice. Together they write a five year Strategic Plan and use this to shape operational priorities.

The Trustees have complied with the duty in the Charities Act 2011 with due regard to the public benefit guidance published by the Charities Commission.

The Charity is governed by its Memorandum and Articles incorporated on 2 May 1986 as amended by special resolution on 10 May 2016.

----- Start of picture text -----
External Board of
Auditors Trustees
Board delegated
committees:
Company
Governance
Secretary Human Resources
Retail
Fundraising
Chief Executive
Finance and Investment
Communications
Data
Senior Management
Team
Head of Clinical Care
External HR Head of Finance and Performance Analytics
advice and Head of Fundraising
Head of Retail and Hospitality
support Head of Communication and Engagement
Team Managers
Staff and
Volunteers
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MANAGEMENT

The Board of Trustees

The Board of Trustees has six to ten trustees recruited to reflect the needs of the Board and our local community. It meets every two months with formal Board Committees meeting between times to focus on specific areas of business such as Governance, HR or Finance.

New Trustees link to a ‘buddy’, a more experienced Trustee, to learn about the hospice. They also meet with the Chair and Vice-Chair and have access to a webpage of useful information.

The Senior Management Team

The SMT is made up of: The CEO; Head of Finance & Performance Analytics; Head of Clinical Care and Education; Head of Fundraising; Head of Retail and Hospitality; Head of Communications and Engagement. Each of these senior managers is responsible for leading a team of staff in delivery of the hospice goals.

Pay for the Senior Management Team is set by Trustees in the context of a job scoring matrix and market salary rates.

The board has approved the establishment of a Remuneration Committee to advise and make recommendations to the Board about appropriate remuneration and terms of service for the Chief Executive Officer and Senior Managers who are members of the Senior Management Team

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RISK MANAGEMENT

A major aspect of the Trustee role is to be aware of the major risks facing the charity and to put in place strategies to manage these. The most serious of our current risks are outlined below:

Clinical risks

Financial risks

The main continuing clinical risk for the existence of the hospice is the difficulty in recruitment and retention of medical staff who provide daily medical cover on the in-patient unit.

This is due to a national shortage of medical staff particularly those with senior experience in Palliative Care.

There is also an increasing risk of unavailability of nursing staff linked to a national shortage.

Changes to NHS commissioning processes during NHS reorganization Reduction in available NHS funding

Failure to increase the current level of NHS funding despite increasing costs of service delivery

A heavy reliance on charitable funding in a time of financial instability in many households.

Steps to mitigate these are:

Steps to mitigate these risks are:

Linking with Supportive Care UK, a company providing access to experienced Palliative Consultant level cover both for day time and out of hours support. Training a third Advanced Nurse Practitioner to strengthen our medical team; Ensuring a robust development programme for nursing staff to make posts appealing and support skills development.

Working closely with commissioners to ensure our services fulfil need identified locally

Using a broad range of income generation methods including continually updating our businesses.

Financial success and failures in the last eight years:

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We have managed to have more services commissioned by our local NHS We have been unable to increase the base rate of grant to better meet the growing costs

RISK MANAGEMENT

Fundraising

As St Mary’s relies on the goodwill of our community, it is important to us that no- one ever feels pressured to donate or engage. Approaches to our community are infrequent and are always guided by our Information Governance group which ensures use of contact data complies with GDPR and with our own standards around care of vulnerable people. Fundraising and canvassing activity is managed to ensure engagement is consensual, that our teams are appropriately aware of the need to protect vulnerable supporters and that the organisation would rather err on the side of caution to protect such vulnerable people from feeling or being exploited. Specifically our canvassers undertake a training programme to ensure all their interactions are guided by Safeguarding principles

Demographic change

A newly emerging risk on the horizon is the change to national demographics over the next 20 years. In Morecambe Bay this indicates a growth over that period of 47,000 people of whom 19,000 will be over 85.

There were no complaints received in respect of fundraising procedures during the year.

Coronavirus risks continue

The risk linked to Coronavirus continue on. Those people the hospice supports generally have vulnerability to the virus due to other conditions. It is therefore likely that we will continue to use PPE for some time to come and to actively manage faceto-face interactions to keep everyone safe. However having seen the negative effects of social isolation we will work to ensure both online and face-to- face options are available. We must recognise that digital access excludes those who do not have digital skills, lack funds to invest in a digital response or live in areas where broadband is poor.

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RESERVES

The trustees review the level of free reserves on an annual basis. Calculation of the required level of free reserves takes into account:

The key financial risks faced by the organisation Our ability to diversify our income streams Our current cost structure

Known expenditure increases faced due to compliance with legal changes, such as changes to the national minimum wage and NHS pension funding Investment funding required to enable strategic development Increased economic uncertainty

The Trustees have set a reserves policy which defines the minimum level of free reserves as “six months of budgeted expenditure, plus any future anticipated losses in our three year plan”. Under this policy, at 31st March:

At April 2022, £1m of this has already been committed and built into our three year plan. In this plan we are strengthening and expanding our current teams to make them more robust and sustainable, developing and growing our new dementia service, and implementing the new Fast Track service.

The remaining £1m forms part of our current £1.7m free reserve surplus. We will invest this in further service growth, once we have finessed the model of the services currently in development and assessed the ever changing needs of the local community. We see dementia services as a key part of this.

This leaves £0.7m as surplus in our reserves. We need to update our Hospice building in Ulverston so we can better look after our patients, their families and our staff. We're working on how best to achieve that and have set aside the remaining reserves to help fund that work

· The free reserves target was £3.1m.

· Actual free reserves were £4.8m giving a surplus of £1.7m.

In April 2021, Trustees had identified and set aside a total of £2m for investment into increasing our service provision.

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SERVICE DATA

Data on the use of our services in 2021-22 is shown in relation to previous years.

Numbers of open beds remained lower than normal during this period due to continued illness due to Covid and difficulties in recruiting new clinical staff.

Day Hospice and Group Therapies

This small team has been hugely impacted by both health and staffing issues this year which has meant service delivery has been erratic. WE anticipate being able to develop this service back to full strength in the coming months.

In-Patient Unit

Family Support Services

The original nine beds of the hospice was previously reduced to eight in the light of a NICE ruling of a maximum 8 patients to one nurse. During COVID we had as many of these eight beds open as possible at any time depending on staff sickness and availability. For most of the year we ran at between 5 and 7 beds. Our Bed Occupancy rose to 90% showing a greater match between the number of beds and the need in our community. Currently our beds are able to flex up to eight as required.

Our Family Bereavement and Support Service supports people living with loss whether they have used hospice services or not. The service continues to be an excellent example of how a high quality service can be delivered mostly by volunteers with support of a small staff team.

Hospice @ Home Activities

Our Hospice at Home team continues to care for that larger number of patients who prefer to stay at home until death. As in previous years very few patients were moved elsewhere before death.

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PRINCIPAL RISKS AND UNCERTAINTIES: TRUSTEES' RESPONSIBILITIES STATEMENT

The trustees (who are also the directors of Hospice of St. Mary of Furness for the purposes of company law) are responsible for preparing the Trustees Annual Report and the consolidated financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the directors to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006.

They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as each of the directors of the charitable company at the date of approval of this report is aware there is no relevant audit information (information needed by the company’s auditors in connection with preparing the audit/report) of which the

company’s auditors are unaware. Each director has taken all of the steps that he/she should have taken as a director in order to make himself/herself aware of any relevant audit information and to establish that the company’s auditors are aware of that information.

Auditor

MHA Moore and Smalley have indicated their willingness to be reappointed as statutory auditors. Approval was given by the trustees for this report (which incorporates the strategic report, which was approved by the trustees in their capacity as directors) and is signed on the board’s behalf by:

28/09/2022 ..... ............................... ...................

Graham Jowett, Chairman

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HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF HOSPICE OF ST. MARY OF FURNESS

FOR THE YEAR ENDED 31 MARCH 2022

Opinion

We have audited the financial statements of Hospice of St. Mary of Furness (the ‘parent charitable company’) and its subsidiary (the ‘group’) for the year ended 31 March 2022 which comprise of the Consolidated Statement of Financial Activities, Charity Statement of Financial Activities, Consolidated Balance Sheet, Charity Balance Sheet, consolidated and charity Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company’s members and its trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

-29-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF HOSPICE OF ST. MARY OF FURNESS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Conclusions relating to going concern

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

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

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

Other information

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

-30-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF HOSPICE OF ST. MARY OF FURNESS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 28, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group’s and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed auditor under the Companies Act 2006 and section 151 of the Charities Act 2011 and report in accordance with those Acts.

-31-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF HOSPICE OF ST. MARY OF FURNESS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the industry in which the charity operates, we identified the following areas as those most likely to have a material impact on the financial statements: Compliance with the Care Quality Commission requirements, Health and Safety, compliance with Gambling Commission rules, in particular holding the relevant lottery licence; employment law, and compliance with the UK Charities Act.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

-32-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF HOSPICE OF ST. MARY OF FURNESS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standardsand-guidance/Standards-and-guidance-for-auditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-for-audit.aspx.

This description forms part of our auditor’s report.

Jenny McCabe

Senior Statutory Auditor

For and on behalf of MHA Moore and Smalley Chartered Accountants and Statutory Auditor

Priory Close St Mary’s Gate Lancaster LA1 1XB 04/10/2022

……………………….

-33-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other
7
Total
Expenditure on:
Charitable activities
8
Raising funds
9
Total
Net income before other
gains/(losses)
Net gain/(loss) on investments
Net income before transfers		 Unrestricted
Restricted
Total funds
Total funds
funds
funds
2022
2021
£
£
£
£
1,871,483
84,793
1,956,276
1,778,349
631,597
218,361
849,958
1,525,084
1,490,166
-
1,490,166
887,981
33,661
-
33,661
29,596
76,628
5,317
81,945
104,247
4,103,535
308,471
4,412,006
4,325,257
2,297,892
301,555
2,599,447
2,591,899
911,456
-
911,456
806,916
3,209,348
301,555
3,510,903
3,398,815
894,187
6,916
901,103
926,442
(2,603)
-
(2,603)
129,936
891,584
6,916
898,500
1,056,378

-34-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
Restricted
Total funds
Total funds
funds
funds
2022
2021
£
£
£
£
Net income before transfers
Transfer between funds
11
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 891,584
6,916
898,500
1,056,378
20,478
(20,478)
-
-
912,062
(13,562)
898,500
1,056,378
6,204,606
74,055
6,278,661
5,222,283
7,116,668
60,493
7,177,161
6,278,661

The Statement of Financial Activities includes all recognised gains and losses in the year.

All of the above amounts relate to continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

The notes on pages 44 to 79 form part of these financial statements.

-35-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

CHARITY STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other
7
Total
Expenditure on:
Charitable activities
8
Raising funds
9
Total
Net income before other
gains/(losses)
Net gain/(loss) on investments
Net income before transfers		 Unrestricted
Restricted
Total funds
Total funds
funds
funds
2022
2021
£
£
£
£
1,870,803
84,793
1,955,596
1,753,877
631,597
218,361
849,958
1,525,084
1,274,020
-
1,274,020
817,244
33,661
-
33,661
29,596
84,128
5,317
89,445
104,204
3,894,209
308,471
4,202,680
4,230,005
2,297,892
301,555
2,599,447
2,591,899
755,576
-
755,576
674,268
3,053,468
301,555
3,355,023
3,266,167
840,741
6,916
847,657
963,838
(2,603)
-
(2,603)
129,936
838,138
6,916
845,054
1,093,774

-36-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

CHARITY STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
Restricted
Total funds
Total funds
funds
funds
2022
2021
£
£
£
£
Net income before transfers
838,138
6,916
845,054
1,093,774
Transfer between funds
11
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 20,478
(20,478)
-
-
858,616
(13,562)
845,054
1,093,774
6,204,198
74,055
6,278,253
5,184,479
7,062,814
60,493
7,123,307
6,278,253

The Statement of Financial Activities includes all recognised gains and losses in the year.

All of the above amounts relate to continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

The notes on pages 44 to 79 form part of these financial statements.

-37-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

CONSOLIDATED BALANCE SHEET

AS AT 31 MARCH 2022

Fixed assets
Tangible assets
13
Investments
14
Current assets
Stock
15
Debtors
16
Cash at bank and in hand
Creditors:amounts falling due within
one year
17
Net current assets
Total assets less current liabilities
Net assets		 £
£
£
£
2,160,234
2,219,612
1,649,461
1,138,035
3,809,695
3,357,647
7,731
8,896
300,036
309,799
3,298,099
2,830,898
3,605,866
3,149,593
(238,400)
(228,579)
3,367,466
2,921,014
7,177,161
6,278,661
7,177,161
6,278,661
2022
2021		 £
£
£
£
2,160,234
2,219,612
1,649,461
1,138,035
3,809,695
3,357,647
7,731
8,896
300,036
309,799
3,298,099
2,830,898
3,605,866
3,149,593
(238,400)
(228,579)
3,367,466
2,921,014
7,177,161
6,278,661
7,177,161
6,278,661
2022
2021		 £
£
£
£
2,160,234
2,219,612
1,649,461
1,138,035
3,809,695
3,357,647
7,731
8,896
300,036
309,799
3,298,099
2,830,898
3,605,866
3,149,593
(238,400)
(228,579)
3,367,466
2,921,014
7,177,161
6,278,661
7,177,161
6,278,661
2022
2021		 £
£
£
£
2,160,234
2,219,612
1,649,461
1,138,035
3,809,695
3,357,647
7,731
8,896
300,036
309,799
3,298,099
2,830,898
3,605,866
3,149,593
(238,400)
(228,579)
3,367,466
2,921,014
7,177,161
6,278,661
7,177,161
6,278,661
2022
2021
7,731
300,036
3,298,099
8,896
309,799
2,830,898
3,605,866
(238,400)		 3,149,593
(228,579)


7,177,161 6,278,661
7,177,161 6,278,661

-38-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2022

£
2022		 £
£
2021		 £
Funds: 74,055
6,204,606
Restricted funds
19
Unrestricted funds
21
Total funds
6,278,661

These accounts were approved by the members of the committee and authorised for issue on the ........................ and are signed on their behalf by:

----- Start of picture text -----
……………………………
----- End of picture text -----

…………………………… ……… G Jowett Trustee

Company Registration Number: 2016831

The notes on pages 44 to 79 form part of these financial statements.

-39-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

CHARITY BALANCE SHEET

AS AT 31 MARCH 2022

Fixed assets
Tangible assets
13
Investments
14
Current assets
Stock
15
Debtors
16
Cash at bank and in hand
Creditors:amounts falling due within
one year
17
Net current assets
Total assets less current liabilities
Net assets		 £
£
£
£
2,157,464
2,218,182
1,649,464
1,138,038
3,806,928
3,356,220
6,026
7,787
316,263
315,692
3,223,624
2,824,159
3,545,913
3,147,638
(229,534)
(225,605)
3,316,379
2,922,033
7,123,307
6,278,253
7,123,307
6,278,253
2022
2021		 £
£
£
£
2,157,464
2,218,182
1,649,464
1,138,038
3,806,928
3,356,220
6,026
7,787
316,263
315,692
3,223,624
2,824,159
3,545,913
3,147,638
(229,534)
(225,605)
3,316,379
2,922,033
7,123,307
6,278,253
7,123,307
6,278,253
2022
2021		 £
£
£
£
2,157,464
2,218,182
1,649,464
1,138,038
3,806,928
3,356,220
6,026
7,787
316,263
315,692
3,223,624
2,824,159
3,545,913
3,147,638
(229,534)
(225,605)
3,316,379
2,922,033
7,123,307
6,278,253
7,123,307
6,278,253
2022
2021		 £
£
£
£
2,157,464
2,218,182
1,649,464
1,138,038
3,806,928
3,356,220
6,026
7,787
316,263
315,692
3,223,624
2,824,159
3,545,913
3,147,638
(229,534)
(225,605)
3,316,379
2,922,033
7,123,307
6,278,253
7,123,307
6,278,253
2022
2021
6,026
316,263
3,223,624
7,787
315,692
2,824,159
3,545,913
(229,534)		 3,147,638
(225,605)


7,123,307 6,278,253
7,123,307 6,278,253

-40-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

CHARITY BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2022

£
2022		 £
£
2021		 £
Funds: 74,055
6,204,198
Restricted funds
19
Unrestricted funds
21
Total funds
6,278,253

These accounts were approved by the members of the committee and authorised for issue on the ........................ and are signed on their behalf by:

……………………………… ……

G Jowett Trustee

Company Registration Number: 2016831

The notes on pages 44 to 79 form part of these financial statements.

-41-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

CONSOLIDATED AND CHARITY CASH FLOW STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Cash generated in operating activities
Cashflows from investing activities
Investment income
Purchase of tangible fixed assets (including
investments)
Disposal of tangible assets (including
investments)
Cash provided by investing activities
Increase in cash and cash equivalents in the
year
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward		 Group
Group
Charity
Charity
2022
2021
2022
2021
Total
Total
Total
Total
£
£
£
£
1,012,179
946,221
942,332
992,111
33,661
29,596
33,661
29,596
(620,738)
(83,292)
(618,627)
(82,617)
-
3,949
-
3,949
425,102
896,474
357,366
943,039
425,102
896,474
357,366
943,039
2,909,694
2,013,220
2,902,955
1,959,916
3,334,796
2,909,694
3,260,321
2,902,955

-42-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

CONSOLIDATED AND CHARITY CASH FLOW STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Group Group Charity Charity
2022 2021 2022 2021
Total Total Total Total
£ £ £ £
Reconciliation of net movement in funds to net cashflow from Reconciliation of net movement in funds to net cashflow from operating activities operating activities
Net movement in funds 898,500 1,056,378 845,054 1,093,774
Investment income received (33,661) (29,596) (33,661) (29,596)
Depreciation 123,544 113,838 122,773 113,541
Decrease in stock 1,165 997 1,761 897
(Increase)/Decrease in debtors 9,763 (66,553) (571) (62,483)
Increase in creditors 9,821 802 3,929 5,623
(Profit)/ Loss on disposal of fixed assets 444 291 444 291
(Gain)/ Loss on revaluation of investments 2,603 (129,936) 2,603 (129,936)
Net cash generated in operating activities 1,012,179 946,221 942,332 992,111
Components of cash and cash equivalents
Cash at bank and in hand 3,298,099 2,830,898 3,223,624 2,824,159
Cash held at investment brokers 36,697 78,796 36,697 78,796
3,334,796 2,909,694 3,260,321 2,902,955

The notes on pages 44 to 79 form part of these financial statements.

-43-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Legal form

Hospice of St. Mary of Furness is a registered charity and a limited company, limited by guarantee, as defined by the Companies Act 2006, incorporated in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office of the charity, the nature of its operations and its principal activities are all detailed in the Trustees’ report of these financial statements.

Basis of preparation

Hospice of St. Mary of Furness meets the definition of a public benefit entity under FRS102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011 and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts are rounded to the nearest £.

The financial statements have been prepared on a going concern basis under the historical cost convention. The particular accounting policies adopted by the trustees are described below. These policies have been consistently applied to all years presented unless otherwise stated.

The consolidated accounts of the group incorporate the accounts Hospice of St. Mary of Furness (“the Charity”) and its wholly owned subsidiary, St Mary’s Orangery Limited. The results of the subsidiary are consolidated on a line by line basis.

Preparation of the accounts on a going concern basis

The Trustees assess whether the use of the going concern basis of accounts preparation is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the approval of the accounts and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future, and there are no material uncertainties at this time. Accordingly, the Trustees continue to adopt this basis of accounting in preparing the financial statements.

Income

Income including donations and gifts receivable is credited to the Statement of Financial Activities when the charity is legally entitled to the funds after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

-44-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies (continued)

Legacies are regarded as receivable once probate has been granted, there is sufficient evidence regarding the certainty of the receipt and there is a sufficiently reliable measurement of the amount in accordance with the recognition criteria of the SORP. In practice this is rarely before the receipt of a letter advising of an intended payment or transfer. Interim receipts are treated as being receivable on receipt. Where legacies have been notified to the charity, or the charity is aware of granting of probate and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material in note 3.

Funding received in advance including grants are treated as deferred income where the funding agency requires an ongoing service to be provided by expenditure in the future period to which the funding relates.

Gifts donated for resale are included at fair value, being the expected proceeds from sale less the expected costs of sale. Where estimating the fair value is practicable upon receipt it is recognised in stock and ‘Income from other trading activities’. Upon sale, the value of the stock is charged against ‘Income from other trading activities’ and the proceeds are recognised as ‘Income from other trading activities’. Where it is impracticable to fair value the items due to the volume of low value items they are not recognised in the financial statements until they are sold. This income is recognised within ‘Income from other trading activities’.

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends and interest and is included when the amount can be reliably measured.

Income from charitable activities includes income from NHS England and other support from the UK government including under the Coronavirus Job Retention Scheme (CJRS) to support the charity following the impact of COVID-19.

Expenditure

All expenditure is accounted for on an accruals basis in the expense categories required by the SORP. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Costs are further allocated between the activities undertaken on a basis consistent with the use of the resources. Expenditure includes irrecoverable VAT.

Charitable expenditure includes costs incurred in the delivery of the charities activities and services. It includes both direct costs, including staff costs, that are incurred in the delivery of the activities and services and indirect costs which are required to support the delivery of the charitable objects.

-45-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies (continued)

Costs of raising funds include those costs in relation to the charity’s operations which are used to generate further income which is integral to the charity in meeting its charitable objectives.

Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.

Redundancy costs are expensed when the liability for payment of such costs is incurred.

Donated services and facilities

Donated services and facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit is probable and that economic benefit can be reliably measured. In accordance with SORP (FRS 102) no amounts are included in the financial statements for services donated by volunteers.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure on period of receipt.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Investments are subsequently stated at fair value if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments, such as the investment in the subsidiary, are measured at cost less impairment. The SOFA included the net gains and losses arising on revaluations and disposals throughout the year.

Fixed assets

All fixed assets are initially recorded at cost. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their residual value, over their expected useful lives on the following bases:

Freehold property - 2% straight line
Equipment - 25% reducing balance
Motor vehicles - 20% straight line
Leasehold property - 10% straight line

-46-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

No depreciation is charged on freehold land.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items and a FIFO cost formula is used. Donated stocks are not valued in the accounts due to the undue cost of calculating such amounts against any benefit of recognising such amounts.

Debtors and creditors within one year

Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Cash and cash equivalents

Cash is a basic financial asset and includes cash in hand and deposits held on call with banks and investment managers.

Fund accounting

Unrestricted funds

General funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.

Designated funds

Designated funds are unrestricted funds set aside by the Trustees for particular purposes.

Restricted funds

Restricted funds arise where there is a donor imposed restriction on the use of the funds, or the funds have arisen in response to an appeal for a specified purpose. Transfers are made from Restricted to Unrestricted funds when the expenditure has been fully made in accordance with the objects of the fund.

-47-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies (continued)

.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straightline basis over the period of the lease

Pensions

The Hospice operates two pension schemes; certain eligible employees are members of the NHS defined benefit scheme and others are members of a defined contribution pension scheme. The pension charge represents the amounts payable by the charity to the funds in respect of the current year.

Taxation

HM Revenue & Customs considers the Hospice of St Mary of Furness to be a charity and therefore they are entitled to exemption from tax afforded by Sections 478489 of the Corporation Taxes Act 2010 to the extent that income is applied exclusively for charitable purposes.

Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity’s balance sheet when the Charity becomes party to contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

-48-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies (continued)

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in the statement of comprehensive income. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed.

De-recognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

De-recognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

-49-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

2 Judgements and key sources of estimation uncertainty

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

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

Key assumptions, judgements and estimates

In the opinion of the Trustees’ there have been no significant judgements made in the process of applying the above accounting policies. There have been no key assumptions concerning future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

-50-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

3 Income from donations and legacies

Group
Direct donations
Legacies
Bereavement contributions
Payroll deductions
Charitable trusts
Gift Aid
Grants		 Unrestricted
Restricted
Total
Total
funds
funds
2022
2021
£
£
£
£
574,431
550
574,981
558,958
1,045,175
-
1,045,175
470,120
121,618
-
121,618
144,206
2,812
-
2,812
1,450
82,525
3,342
85,867
361,257
34,422
-
34,422
43,407
10,500
80,901
91,401
198,951
1,871,483
84,793
1,956,276
1,778,349
Charity Unrestricted
Restricted
Total
Total
Direct donations
Legacies
Bereavement contributions
Payroll deductions
Charitable trusts
Gift Aid
Grants		 funds
funds
2022
2021
£
£
£
£
574,431
550
574,981
558,958
1,045,175
-
1,045,175
470,120
121,618
-
121,618
144,206
2,812
-
2,812
1,450
82,525
3,342
85,867
361,257
34,422
-
34,422
43,407
9,820
80,901
90,721
174,479
1,870,803
84,793
1,955,596
1,753,877

-51-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

3 Income from donations and legacies (continued)

Income from donations and legacies included £261,711 in restricted funds in the prior year for both charity and group. Unrestricted funds were £1,516,638 for group and £1,492,166 for charity only.

At the year end, the Trustees had been notified of legacies approximating £10,000 which did not meet the criteria for inclusion in these financial statements under SORP (FRS 102) which is further explained in the accounting policies on page 45.

4 Income from charitable activities

Income from charitable activities
Group and charity
Grants and core fundings
Hospice UK Capacity funding		 Unrestricted
Restricted
Total
Total
funds
funds
2022
2021
£
£
£
£
631,597
-
631,597
746,984
-
218,361
218,361
778,100
631,597
218,361
849,958
1,525,084

In the comparative period, £746,984 from grants and core fundings was unrestricted. The Hospice UK capacity funding of £778,100 was restricted. Grant funding relates to the provision of core services at the Hospice. There are no unfulfilled conditions or other contingencies attached to the income recognised.

-52-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

5
Income from trading activities
Group
Lottery gross income
Charity trading income
Fundraising events
Catering
Charity
Lottery gross income
Charity trading income
Fundraising events
Catering
Unrestricted
Restricted
Total
Total
funds
funds
2022
2021
£
£
£
£
441,612
-
441,612
434,778
698,525
-
698,525
271,186
133,716
-
133,716
111,197
216,313
-
216,313
70,820
1,490,166
-
1,490,166
887,981
Unrestricted
Restricted
Total
Total
funds
funds
2022
2021
£
£
£
£
441,612
-
441,612
434,778
698,525
-
698,525
271,186
133,716
-
133,716
111,197
167
-
167
83
1,274,020
-
1,274,020
817,244

All income from trading activities was unrestricted in the prior year.

-53-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

6 Income from investments

Group and charity
Bank and investment interest receivable		 Unrestricted
Restricted
Total
Total
funds
funds
2022
2021
£
£
£
£
33,661
-
33,661
29,596
33,661
-
33,661
29,596

All income from investments was unrestricted in the prior year.

7 Other income

Group
Support groups
Recycing income
Other incoming resources		 Unrestricted
Restricted
Total
Total
funds
funds
2022
2021
£
£
£
£
28,791
-
28,791
8,778
6,921
-
6,921
2,945
40,916
5,317
46,233
92,524
76,628
5,317
81,945
104,247

-54-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

7 Other income (continued)

Charity
Support groups
Recycing income
Other incoming resources		 Unrestricted
Restricted
Total
Total
funds
funds
2022
2021
£
£
£
£
28,791
-
28,791
8,778
6,921
-
6,921
2,945
48,416
5,317
53,733
92,481
84,128
5,317
89,445
104,204

All other income in the comparative period was unrestricted.

-55-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

8 Expenditure on charitable activities

Group and Charity
Activity
Wages and salaries
Depreciation
Equipment and repairs
Catering
Premises costs
Office costs
Travel
Bank charges
Other
Audit fees
Legal and professional fees
Profit on disposals of fixed assets		 Total
Total
Unrestricted
Restricted
2022
2021
£
£
£
£
1,766,863
294,744
2,061,607
2,084,938
122,773
-
122,773
113,541
59,604
2,869
62,473
68,562
22,804
29
22,833
17,739
76,616
3,763
80,379
76,591
75,929
150
76,079
71,955
22,400
-
22,400
21,487
16,539
-
16,539
14,679
117,877
-
117,877
104,191
6,725
-
6,725
6,050
9,318
-
9,318
11,875
444
-
444
291
Provision of Hospice and other related services
2,297,892
301,555
2,599,447
2,591,899

Expenditure on charitable activities included restricted funds of £1,657,565 and unrestricted funds of £934,334 in the prior year.

-56-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

9 Expenditure on raising funds

Group
Fundraising costs
Shop costs
Lottery costs
Catering costs
Audit fees
Depreciation
Charity
Fundraising costs
Shop costs
Lottery costs		 Unrestricted
Restricted
Total
Total
funds
funds
2022
2021
£
£
£
£
146,268
-
146,268
128,398
423,340
-
423,340
380,425
185,968
-
185,968
165,445
153,519
-
153,519
130,698
1,590
-
1,590
1,653
771
-
771
297
911,456
-
911,456
806,916
Unrestricted
Restricted
Total
Total
funds
funds
2021
2020
£
£
£
£
146,268
-
146,268
128,398
423,340
-
423,340
380,425
185,968
-
185,968
165,445
755,576
-
755,576
674,268

All expenditure on raising funds was unrestricted in the comparative period, for both group and charity.

-57-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

10 Net income/expenditure

Net income is stated after charging:
Operating lease rentals
Staff pension contributions
Payment to Directors for services as
Hospice Chief Exec
Auditors' remuneration
- audit of the financial statements
Depreciation of tangible assets
- owned by the charity		 Group
Group
Charity
Charity
2022
2021
2022
2021
£
£
£
£
78,366
74,870
76,134
72,638
134,291
130,603
131,658
128,629
62,461
62,043
62,461
62,043
8,315
7,703
6,725
6,050
123,544
113,838
122,773
113,541

Included within payments to Directors for services as Hospice Chief Executive are £4,086 (2021: £4,046) in defined pension contributions.

11 Fund transfers

During the year certain restricted fund balances were transferred to unrestricted funds as they had been used in full in line with requirements by the funder to purchase tangible fixed assets for general use by the charity. Further transfers have been made into restricted funds where expenditure on a particular project exceeded restricted income, where these funds are now fully utilised.

Further details of transfers are included within note 19.

-58-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

12 Analysis of staff costs, trustee remuneration and the cost of key management personnel

Total staff costs were as follows:
Wages and salaries
Social security costs
Pension costs		 2022
2021
£
£
2,139,361
2,122,054
163,298
163,497
134,291
130,603
2,436,950
2,416,154

Particulars of employees:

The average number of employees during the year, calculated on the basis of full-time equivalents, was as follows:

Number of nursing and care services staff
Number of fundraising and administration staff		 2022
2021
No
No
57
57
40
37
97
94

The total head count staff numbers for the year were 67 (2021: 69) for clinical staff and 53 (2021: 52) for non-clinical staff.

-59-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

12 Analysis of staff costs, trustee remuneration and the cost of key management personnel (continued)

The number of employees whose remuneration for the year fell within the following bands were:

£60,000 - £69,999 2022
2021
No
No
1
1

Certain employees with emoluments above £60,000 received contributions totalling £4,086 (2021: £4,046) to a money purchase pension scheme.

No remuneration or expenses were paid to any of the Trustees in the current or prior year.

The number of directors for whom retirement benefits are accruing under money purchase schemes amounts to 1 (2021: 1).

The total amount of employee benefits received by key management personnel, as determined by the charity, is £313,944 (2021: £283,317) during the current period.

During the year the charity made redundancy and ill health severance payments totalling £6,575 (2021: £18,846).

The Hospice participates in the NHS pension scheme which is a defined benefit scheme whose membership consists of employees of the NHS and related bodies.

The scheme operates as a pooled arrangement, with contributions for eligible staff paid at a centrally agreed rate. As a consequence of this, no share of the underlying asset and liabilities can be directly attributable to the Hospice, therefore as permitted by FRS102, contributions are accounted for as if the scheme were a defined contribution scheme, based on actual contributions paid through the year.

The Hospice also operates a defined contribution pension scheme. The contributions paid into these two schemes in respect of eligible employees for the year ended 31 March 2022 amounted to £134,291 (2021: £130,603).

-60-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

13 Tangible fixed assets

Group
Cost
At 1 April 2021
Additions
Disposals
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
Eliminated on disposals
At 31 March 2022
Net book value
At 31 March 2022
At 1 April 2021		 Land and
Motor
Buildings
Equipment
Vehicles
Totals
£
£
£
£
3,174,682
973,023
78,069
4,225,774
14,399
50,211
-
64,610
-
-
(900)
(900)
3,189,081
1,023,234
77,169
4,289,484
1,066,304
886,202
53,656
2,006,162
77,059
40,393
6,092
123,544
-
-
(456)
(456)
1,143,363
926,595
59,292
2,129,250
2,045,718
96,639
17,877
2,160,234
2,108,378
86,821
24,413
2,219,612

Included within Land and Buildings are assets with a total cost of £172,909 (2021: £168,097) and a net book value of £118,229 (2021: £168,097) which relate to leasehold property. The balance of this asset class relates to freehold property.

-61-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

13 Tangible fixed assets (continued)

Charity
Cost
At 1 April 2021
Additions
Disposals
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
Eliminated on disposals
At 31 March 2022
Net book value
At 31 March 2022
At 1 April 2021		 Land and
Motor
Buildings
Equipment
Vehicles
Totals
£
£
£
£
3,174,682
970,928
75,731
4,221,341
14,399
48,100
-
62,499
-
-
(900)
(900)
3,189,081
1,019,028
74,831
4,282,940
1,066,304
885,537
51,318
2,003,159
77,059
39,622
6,092
122,773
-
-
(456)
(456)
1,143,363
925,159
56,954
2,125,476
2,045,718
93,869
17,877
2,157,464
2,108,378
85,391
24,413
2,218,182

Included within Land and Buildings are assets with a total cost of £172,909 (2021: £168,097) and a net book value of £118,229 (2021: £130,281) which relate to leasehold property. The balance of this asset class relates to freehold property.

-62-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

14 Investments

Investments
Group
Other investments at valuation
Balance brought forward
Acquisitions at cost
Disposals at cost
Unrealised gains/(losses) on sale of investments		 2022
2021
£
£
1,059,239
931,451
556,128
-
-
(2,148)
(2,603)
129,936
Cash held as part of investment portfolio 36,697
78,796
Total investments at 31 March 2022
Total investments comprise of the following types of investments;
UK listed equities & fixed interest securities
Overseas listed equities & fixed interest securities
Property and alternative investments
Commodities
Cash held as part of investment portfolio
1,649,461
1,138,035
768,626
510,670
502,933
332,353
247,955
162,989
93,250
53,227
36,697
78,796
1,649,461
1,138,035

-63-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

14 Investments (continued)

Charity
Investment in subsidiary undertakings
3 shares in St Mary's Orangery Limited
Other investments
Balance brought forward
Acquisitions at cost
Disposals at cost
Unrealised gains/(losses) on sale of investments
Cash held as part of investment portfolio
Total investments at 31 March 2022
Total investments comprise of the following types of investments;
UK listed equities & fixed interest securities
Overseas listed equities & fixed interest securities
Property and alternative investments
Commodities
Cash held as part of investment portfolio
Investments in subsidiary undertakings		 2022
2021
£
£
3
3
1,059,239
931,451
556,128
-
-
(2,148)
(2,603)
129,936
36,697
78,796
1,649,464
1,138,038
768,626
510,670
502,933
332,353
247,955
162,989
93,250
53,227
36,697
78,796
3
3
1,649,464
1,138,038

-64-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

14 Investments (continued)

Investment in subsidiary undertakings

The subsidiary company is incorporated in England and Wales (company number 03052962) with an issued share capital of 3 ordinary shares of £1 each which are wholly owned by the charity. The details of the subsidiary and the results for the year are as follows:

St Mary's Orangery Limited
Turnover
Cost of sales and other direct costs
Gross profit
Administrative expenses
Other operating income
Net assets		 2022
2021
£
£
216,146
70,737
(56,624)
(19,090)
159,522
51,647
(106,756)
(76,720)
680
24,515
53,446
(558)
53,859
413

-65-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

15 Stock

Stock Group
Group
Charity
Charity
2022
2021
2022
2021
£
£
£
£
7,731
8,896
6,026
7,787
Debtors
Other debtors
Prepayments and accrued income		 Group
Group
Charity
Charity
2022
2021
2022
2021
£
£
£
£
39,966
102,119
56,193
108,012
260,070
207,680
260,070
207,680
300,036
309,799
316,263
315,692

16 Debtors

-66-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

17 Creditors: amounts falling due within one year

Trade creditors
Taxation and social security
Other creditors
Accruals and deferred income
Deferred income
Balance brought forward
Lottery income received in advance
Grants received in advance
Release of deferred income		 Group
Group
2022
2021
£
£
52,721
34,387
44,736
46,977
4,456
1,013
136,487
146,202		 Charity
Charity

2022
2021

£
£
49,462
34,225
40,719
46,874
4,456
1,013
134,897
143,493
238,400
228,579		 229,534
225,605
2022
2021
£
£
63,732
62,617
57,542
61,840
-
1,892
(63,732)
(62,617)
57,542
63,732

-67-

HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

18 Commitments under operating leases

As at 31 March 2022 the group and charity had commitments under non-cancellable operating leases as set out below:

Group and Charity
Within 1 year
Within 2 to 5 years		 2022
2022
2021
2021
Land and
Other
Land and
Other
Buildings
items
Buildings
items
£
£
£
£
78,338
2,184
82,088
2,184
53,550
4,368
100,350
6,552
131,888
6,552
182,438
8,736

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HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

19 Restricted income funds: Current year

At 1 At 31
April March
2021 **Income ** Expenditure Transfers 2022
£ £ £ £ £
Restricted funds
6 Steps Project 7,773 - (7,760) (13) -
Domicilliary Massage 9,752 1,892 (972) - 10,672
Enhancing EOLC in care
homes 7,936 - (640) - 7,296
Mary Dunsford Harpist Fund 500 - - - 500
Roselands Trust 300 - (300) - -
Co-operative Community Fund 2,772 - (611) (1,920) 241
National Lottery Community
Fund 2,268 - (851) (1,417) -
Frieda Scott Trust 5,735 - (5,735) - -
Town Lands Bereavement
Fund 1,429 - (475) - 954
CGP Garden Shed Fund 1,000 - (733) - 267
CCF Family and
Bereavement Support 6,359 - (6,359) - -
BAE GAYE Specialist Bath 2,600 - - - 2,600
Pappagallino Fund 23,444 - (23,444) - -
Hospice UK NHSE Covid
Fund - 218,361 (218,361) - -
Garden Materials Fund 500 - (364) - 136
Coop Good Causes 1,687 4,198 (170) - 5,715
74,055 224,451 (266,775) (3,350) 28,381

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HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

19 Restricted income funds: Current year (continued)

Night Sitting Fund
MND
Masonic Foundation IPU
Furniture
Masonic Foundation Living
Well Resources
Morrisons IPU bathroom
refurb
Living Well Resources
Dementia Café
Cumbria County Council
tablet fund
Albert Hunt Trust
Medicash Stand Aid
Roselands Trust
Orsted Wellbeing Services
Bladder Scanner
BAE GAYE Sluice
Water Feature
Fudstock 2021 Courtyard
Garden
ICC Long Covid Support
Total funds		 At 1
At 31
April
March
2021
Income Expenditure
Transfers
2022
£
£
£
£
£
74,055
224,451
(266,775)
(3,350)
28,381
-
-
-
-
-
-
5,317
(7,975)
-
(2,658)
-
3,000
-
(3,000)
-
-
2,000
(1,935)
-
65
-
21,819
-
-
21,819
-
1,020
(404)
-
616
-
550
(569)
19
-
-
3,099
(472)
(2,370)
257
-
10,000
(10,000)
-
-
-
2,997
-
(2,997)
-
-
3,342
-
(3,342)
-
-
13,425
(13,425)
-
-
-
6,605
-
(6,605)
-
-
3,000
-
(3,000)
-
-
690
-
-
690
-
7,156
-
-
7,156
-
-
-
4,167
4,167
74,055
308,471
(301,555)
(20,478)
60,493

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HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

19 Restricted income funds: Current year (continued)

The 6 Steps Project is a fund for a training programme for care homes to up-skill them in the area of end-of-life care.

The Domiciliary Massage fund is provided by Cumbria Partnership Trust to provide additional domiciliary massage to patients in their own homes, earlier in their illness.

The fund for enhancing end of life care in care homes was provided by the CCG, to enable the Hospice to share their expertise with staff in local care homes to facilitate best practice in end-of-life care.

The donation in memory of Mary Dunsford is to enable us to pay for a harpist on the IPU.

The fund from Roselands Trust was provided to create a pathway away from vehicles to access the Hospice reception.

The fund from Cooperative Community Fund was for the provision of equipment for the Living Well Centre.

The National Lottery Community Fund also provided support for our core bereavement service response to Covid-19, funding both salary costs and equipment.

The grant from the Frieda Scott Trust was to cover the activities of our Living Well service.

The Townlands trust also provided a grant to support the activities of our gardening bereavement group.

The grant from CGP was to create an accessible garden shed for our Sunflower Garden.

Cumbria Community Foundation provided a fund to cover the salary costs of our bereavement services.

The BAE GAYE fund was for the purchase of a specialist bath for our inpatient unit.

The Pappagallino Flow Through fund was provided through Cumbria Community Foundation to further support our Hospice at Home service.

The NHSE awarded funding to allow the hospice to make available bed capacity and community support from Aril 2020 to July 2020 to provide support to people with complex needs in the context of the Covid-19 situation, and to provide bed capacity and support from November 2020 to March 20201 for the same purpose.

The garden materials donation was made to enable the purchase of materials for the garden.

The Co-op Good Causes garden initiative funding is to further support our bereavement gardening project.

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HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

19 Restricted income funds: Current year (continued)

The Co-op Good Causes garden initiative funding is to further support our bereavement gardening project.

The MND fund relates to a contract with the Motor Neurone Disease Association to fund a care coordinator covering Barrow and South Lakes.

The grant from the Masonic Foundation is provided to fund new bedroom furniture for our inpatient unit.

The Masonic Foundation also have also kindly funded resources for our Living Well services.

The grant from the Morrisons Foundation was generously given to fund a complete refurbishment of the main bathroom on our inpatient unit.

The Living Well Resources fund was created from donations given to us specifically for the Living Well service.

The dementia support café fund was received from Tesco to support the running of the café.

The fund from Cumbria County Council was kindly given to enable the purchase of tablets for use in our Living Well groups.

The grant from Albert Hunt Trust was funding towards the cost of nurses and health care assistants on the IPU.

The grant from Medicash enabled the purchase of a Stand Aid for our Living Well Centre.

The fund from Roselands Trust was given to enable us to purchase a Raizer emergency lifting chair.

The fund generously given by Orsted is to support the expansion of our Wellbeing services.

A fund was created by match funding from Hospital Saturday Fund, Townlands Trust, CGP and Harold and Alice Bridges, to enable the purchase of a bladder scanner.

The fund created from the BAE Give as You Earn scheme enabled us to refurbish our sluice and hygiene area.

The Water Feature fund was received from Grania Lady Cavendish in memory of Mary Cookson, a keen gardener.

The funds raised by Fudstock 2021 have been set aside for updating the IPU courtyard garden and furniture.

The Long Covid fund was received from Barrow and Mid-Furness ICCs for Breathe Easy and Long Covid Support groups.

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HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

19 Restricted income funds: Prior year

At 1 April At 31 March
2020 **Income ** Expenditure Transfers 2021
£ £ £ £ £
Restricted funds
6 Steps Project 7,773 - - - 7,773
Zurich Pre-Bereavement
Support 252 - (256) 4 -
Domicilliary Massage 4,391 5,675 (314) - 9,752
Zurich Community Trust 122 - (122) - -
Sir John Fisher Foundation 15,568 - (15,568) - -
Town Lands Trust 400 - (623) 223 -
Enhancing EOLC in care
homes 7,936 - - - 7,936
Coop IPU and Kitchen fund 192 - (224) 32 -
Rank Foundation Pathway
fund (10,906) 12,000 1,607 (2,701) -
Hadfield Trust Hoist 2,450 - - (2,450) -
Mary Dunsford Harpist Fund 500 - - - 500
Roselands Trust - 10,207 (2,251) (7,656) 300
Pappagallino Fund - 25,000 (25,000) - -
Co-operative Community Fund - 4,082 (134) (1,176) 2,772
Freemasons Equipment Fund - 1,072 (1,072) - -
Albert Hunt Trust Fund - 7,000 (7,000) - -
Cumbria Community
Foundation - 10,000 (10,000) - -
National Lottery Awards for
All - 10,000 (10,000) - -
28,678 85,036 (70,957) (13,724) 29,033

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HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

20 Restricted income funds: Prior year (continued)

National Lottery Community
Fund
Skipton Building Society
Frieda Scott Trust
Hadfield Trust SEN Scanner
Town Lands Greenhouse
Fund
Town Lands Bereavement
Fund
CCF IT Fund
CGP Garden Shed Fund
Elspeth J Thompson Special
Care Mattress Fund
CCF Family and
Bereavement Support
BAE GAYE Specialist Bath
Pappagallino Fund
SJFF Hospice at Home
Vehicle
Hospice UK NHSE Covid
Fund
Garden Materials Fund
Coop Good Causes
Night Sitting Fund
Total funds		 At 1 April
At 31 March
2020
Income Expenditure
Transfers
2021
£
£
£
£
£
28,678
85,036
(70,957)
(13,724)
29,033
-
41,667
(28,465)
(10,934)
2,268
-
2,900
(3,028)
128
-
-
16,768
(11,033)
-
5,735
-
5,835
-
(5,835)
-
-
2,085
(627)
(1,458)
-
-
-
(1,071)
2,500
1,429
-
10,277
-
(10,277)
-
-
1,000
-
-
1,000
-
2,500
-
(2,500)
-
-
20,326
(13,967)
-
6,359
-
2,600
-
-
2,600
-
50,000
(26,556)
-
23,444
-
18,000
-
(18,000)
-
-
778,100
(778,100)
-
-
-
500
-
-
500
-
1,687
-
-
1,687
-
530
(530)
-
-
28,678
1,039,811
(934,334)
(60,100)
74,055

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HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

21 Unrestricted income funds: Current year

Group
Designated Funds
General Funds
Unrestricted funds
Charity
Designated Funds
General Funds
Unrestricted funds		 At 1
At 31
April
Gains/
March
2021
Income Expenditure Transfers
(losses)
2022
£
£
£
£
£
£
2,253,000
188,273
(153,628)
27,852
-2,315,497
3,951,606
3,915,262
(3,055,720)
(7,374)
(2,603) 4,801,171
6,204,606
4,103,535
(3,209,348)
20,478
(2,603) 7,116,668
2,251,573
188,273
(152,857)
25,742
-2,312,731
3,952,625
3,705,936
(2,900,611)
(5,264)
(2,603) 4,750,083
6,204,198
3,894,209
(3,053,468)
20,478
(2,603) 7,062,814

The designated funds comprise of the fixed assets of the group and charity as these are necessary for the day to day operation of the Hospice and are therefore not considered to be generally available funds for use at the discretion of the Trustees in line with the charity’s objectives. Also included are two funds designated by the Trustees for specific purposes as follows; £13,543 for staff development and £141,714 for an IG investment fund which was set up to encourage “bravery” within the charity’s retail and income generating teams. The investment in subsidiaries and associates is also a designated fund.

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HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

22 Unrestricted income funds: Prior year

Group
Designated Funds
General Funds
Unrestricted funds
Charity
Designated Funds
General Funds
Unrestricted funds		 At 1
At 31
April
Gains/
March
2020
Income Expenditure Transfers
(losses)
2021
£
£
£
£
£
£
2,289,093
39,195
(154,245)
78,957
-2,253,000
2,904,512
3,246,251
(2,310,236)
(18,857)
129,936
3,951,606
5,193,605
3,285,446
(2,464,481)
60,100
129,936
6,204,606
2,288,044
39,195
(153,948)
78,282
-2,251,573
2,867,757
3,150,999
(2,177,885)
(18,182)
129,936
3,952,625
5,155,801
3,190,194
(2,331,833)
60,100
129,936
6,204,198

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HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

23 Analysis of net assets between funds: Current year

----- Start of picture text -----
Group Tangible Fixed asset Net current Long term
fixed assets investments assets liabilities Total
£ £ £ £ £
Restricted Income Funds - - 60,493 - 60,493
Designated Funds 2,160,234 10 155,253 - 2,315,497
General Funds - 1,649,451 3,151,720 - 4,801,171
Total funds 2,160,234 1,649,461 3,367,466 - 7,177,161
Charity
Unrestricted income funds:
Restricted Income Funds - - 60,493 - 60,493
Designated Funds 2,157,464 13 155,254 - 2,312,731
General Funds - 1,649,451 3,100,632 - 4,750,083
Total funds 2,157,464 1,649,464 3,316,379 - 7,123,307
----- End of picture text -----

Restricted funds for the current year are detailed in note 19 to the financial statements.

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HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

24 Analysis of net assets between funds: Prior year

----- Start of picture text -----
Group Tangible Fixed asset Net current Long term
fixed assets investments assets liabilities Total
£ £ £ £ £
Restricted Income Funds - - 74,055 - 74,055
Designated Funds 2,219,612 10 33,378 - 2,253,000
General Funds - 1,138,025 2,813,581 - 3,951,606
Total funds 2,219,612 1,138,035 2,921,014 - 6,278,661
Charity
Unrestricted income funds:
Restricted Income Funds - - 74,055 - 74,055
Designated Funds 2,218,182 13 33,378 - 2,251,573
General Funds - 1,138,025 2,814,600 - 3,952,625
Total funds 2,218,182 1,138,038 2,922,033 - 6,278,253
----- End of picture text -----

Restricted funds from the prior year are detailed in note 20 to the financial statements.

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HOSPICE OF ST. MARY OF FURNESS (COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

25 Control and related party transactions

The charity was under the control of the Board of Trustees’ who are also directors for the purposes of company law in both the current and prior period.

No employee benefits were paid to any of the Trustees’ during the current or period year and none of the Trustees’ received any expenses from the charity during the same periods.

There are no further disclosable related party transactions for the charity.

26 Company Limited by guarantee

The company is limited by guarantee. In the event of the company being wound up or dissolved, each member undertakes to contribute such amount as is required, not exceeding £1, for payment of any debts or liabilities.

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