2023-03-31-accounts - Wakefield Hospice

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								Page
Reference and Administrative Details			of the Charity,		its	Trustees and Advisors
Chair's Statement
Report of the	Trustees	(incorporating	the strategic report)					3-13
Independent	Auditor's	Report						14 - 17
Consolidated	Statement of Financial Activities			lincluding		income and expenditure	account)	18
Consolidated	Balance	Sheet						19
Charity Balance Sheet								20
Consolidated	Statement of Cash Flows							21
Notes to the	Financial	Statements						22 - 36

Name of Company:	Name of Company:	Name of Company:		Wakefield Hospice	Wakefield Hospice
Registered		Address:		Aberford Road
				Wakefield
				WF1 4TS
Status:				Company Limited		by Guarantee			and a Registered		Charity
Company	Registration			No: 02038416
Charity Registration			No: 518392
The Trustees constitute				Directors of the Charity		for	the purpose ofthe Companies					Act 2006 and the Trustees are the
officials of		the Charity		for the purpose of the	Charities Act			1993. The following			members were in office during the year
ended 31	March 2023:
				A P Howatson (Chair)
				H J Hirst (Vice Chair)
				G W Cattell (Vice Chair)		(resigned		30	September	2022)
				DJ Martindale (resigned		12	December		2022)
				M D Ashton
				N gains-Williams
				5 C Black (resigned 9August			2023)
				M L Denby (resigned	16	June	2022)
				C J Phillips (resigned	25 November			2022)
				RJOtter
				A T Hamilton
				8 C T Browne
				L EClayton
				J G Milne
				L D Bateman (appointed		12 December			2022)
				C R Beck (appointed	12	December 2022)
				A Gait (appointed 12	December 2022)
				C Kendall (appointed	12 December			2022)
				8 Ralph (appointed 12 December 2022)
Company	Secretary:			A C Beedle
Senior Executives:				T R Turner - Chief Executive
				Dr E Lowe - Medical Director
				H M Knowles - Director of Fundraising					and Retail	Operations
				J Millard - Director of Clinical Services
				A C Beedle - Director	of Finance Estates and Resources
Independent		Auditor:		Armstrong Watson Audit		Limited
				Third Floor, 10South	Parade
				Leeds
				LS1 5QS
Bankers:				Royal Bank of Scotland pic
				PO Box4862
				5 Church Street
				Sheffield
				52 9EQ
Investment		Managers:		Brewin Dolphin
				Fourth Floor, 10Wellington			Place
				Leeds
				LS1 4AN

able activities
							Year Ended 31.3.23	Year Ended 31.3.22
Core ICB/CCG rants							E1 191 662	E1 133658
%oftotal income							26.2%	26.6%
Additional ICB/CCG	fundin						E341 800
%oftotal income							7.5%
In- atients admitted		durin	the	ear			199	165
DTU service users	includin		Dementia		Da	Care	188	75
Number ofVolunteers		clinical		services			34	26
Number ofvolunteers		Hos	ice	back office			49	54

			Year Ended 31.3.23	Year Ended 31.3.22
Donations and ifts			E404 603	E422 539
%oftotal income			8.9%
Le acies			E585 046	E566 122
%oftotal income			12.8%	13.3%
Lotte			E72 081	E65 295
Fundraisin and other activities			E610 104	E506 013
%oftotal income			13.4%	11.9%
Number ofvolunteers	includin	event volunteers	109	125
			Year Ended 31.3.23	Year Ended 31.3.22
Sho sales			E714 145	E583 597
Online sales			E214 735	E180921
Total retail income			E928 880	E839405
%oftotal income			20.4%	19.7%
Number of retail outlets
Number ofvolunteers			140	130

				Year Ended 31.3.23	Year Ended 31.3.22
Turnover				E31 784	E22 552
0 eratin	Profit			E11 721	Eg 142
Gift Aid	distribution	to Wakefield	Hos ice	E11 721	E8 142

				2023	2023	2023	2022
				Unrestricted	Restricted	Total	Total
			Notes	Funds	Funds	Funds	Funds
Income:				E	E	E	E
Income from donations	and	legacies		1,151,980	23,479	1,175,459	1,292,472
Income from charitable	activities		5	1,659,623		1,659,623	1,441,191
Income from other trading		activities	6	1,665,017		1,665,017	1,457,709
Investment income				49,597		49,597	36,568
Other income							31,702
Total Income				4,526,217	23,479	4,549,696	4,259,642
Expenditure:
Expenditure on raising funds			9	1,862,458		1,862,458	1,453,293
Expenditure on charitable		activities	10	3,175,072	28,702	3,203,774	2,941,913
Total expenditure				5,037,530	28,702	5,066,232	4,395,206
Net gains on investments			16, 17	56,652		56,652	29,218
Net (expenditure) Iincome				(454,661)	(5,223)	(459,884)	(106,346)
Transfers between funds			23	35,000	(35,000)
Net movement in funds				(419,661)	(40,223)	(459,884)	(106,346)
Reconciliation offunds:
Total funds brought forward				6,271,733	114,689	6,386,422	6,492,768
Total funds carried forward			23	5,852,072	74,466	5,926,538	6,386,422

		Notes	2023	2023	2022	2022
			E	E	E	E
Cash flows from operating activities:
Net cash provided by operating activities				(383,284)		348,781
Cash flows from investing activities:
Dividends, interest and rents from investments			49,597		36,568
Purchase of property, plant and equipment			(219,323)		(53,853)
Proceeds from sale of properties			167,997		80,114
Proceeds from sale of investments			51,780		76,781
Purchase of investments			(47,453)		(75,136)
Net cash provided by investing activities				2,598		64,474
Change in cash and cash equivalents	in the	year		(380,686)		413,255
Cash and cash equivalents at the beginning		ofthe year		2,077,226		1,663,971
Cash and cash equivalents at the end	ofthe	year		1,696,540		2,077,226
Notes to the statement ofcash flows
a Reconciliation ofnet expenditure	to net	cash flow from operating	activities
					2023	2022
					E	E
Net (expenditure) / income for the	year				(459,884)	(106,346)
Depreciation charges					147,060	143,154
Net gain on investments					(56,652)	(29,218)
Dividends, interest and rents from	investments				(49,597)	(36,568)
Decrease / (increase) in stocks					(6,704)	116
Decrease / (increase) in debtors					(170,408)	1,498,803
(Decrease) / increase in creditors					212,901	(1,035,265)
(Decrease) / increase in provision						(85,895)
Net cash provided by operating activities					(383,284)	348,781
b Analysis ofcash and cash equivalents
					2023	2022
					E	E
Cash at bank and in hand					1,689,957	2,069,767
Cash held as part of the investment	portfolio				6,583	7,459
Total cash and cash equivalents					1,696,540	2,077,226

Donations	and legacies
		2023	2023	2023	2022
		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
		E	E	E	E
Donations	and gifts	404,603		404,603	422,539
Gift Aid		68,102		68,102	69,847
Legacies		585,046		585,046	566,122
Other Grants		94,229	23,479	117,708	233,964
		1,151,980	23,479	i,175,459	1,292,472

Analysis ofincome from	charitable activities
		2023	2023	2023	2022
		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
		E	E	E	E
CCG grant for specialist	care	1,430,122		1,430,122	1,033,658
24/7 Admissions		103,340		103,340	100,000
Education		74,208		74,208	135,489
Other grants and claims					139,064
Sundries 8 expenditure	recharges	51,953		51,953	32,980
		1,659,623		1,659,623	1,441,191

Analysis of	income fr	om other trading	activities
				2023	2023	2023	2022
				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
				E	E	E	E
Fundraising	and other	activities		610,104		610,104	506,013
Retail income				928,880		928,880	839,405
Lottery				72,081		72,081	65,295
General income				22,168		22,168	24,444
Trade from	Wakefie(d	Hospice Trading	Limited	31,784		31,784	22,552
				1,665,017		1,665,017	1,457,709

Investm	ent income
			2023	2023	2023	2022
			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			E	E	E	E
Income	from investment	properties	23,643		23,643	25,803
Income	from listed investments		12,199		12,199	10,403
Interest	receivable		13,755		13,755	362
			49,597		49,597	36,568

2023	2023	2023	2022
Unrestricted	Restricted	Total	Total
Funds	Funds	Funds	Funds
E	E	E	E
			31,702

Analysis o	fexp	end	iture on	raising funds
						Activities	Support
						undertaken	Costs	2023	2022
						directly	(see note 11)	Total	Total
						E	E	E	E
Fundraising
Wages	and	salaries				312,064	135,904	447,968	332,141
Depreciation							4,894	4,894	4,966
Other costs						205,567	34,236	239,803	173,654
						517,631	175,034	692,665	510,761
Retail
Wages	and	salaries				586,455	144,651	731,106	591,932
Expenditure		of	Wakefield	Hospice Trading	Limited	20,063		20,063	14,410
Depreciation							20,147	20,147	14,384
Other costs						306,997	42,710	349,707	272,087
						913,515	207,508	1,121,023	892,813
Other expenditure			on raising	funds
Investment		management		fees		10,071		10,071	11,536
General	income		costs			13,705		13,705	4,836
						23,776		23,776	16,372
Governance	(see note 11)						24,994	24,994	33,347
						1,454,922	407,536	1,862,458	1,453,293

Analysis ofexpen	diture on charitable activities
		Activities	Support
		undertaken	Costs	2023	2022
		directly	(see note 11)	Total	Total
		E	E	E	E
Hospice inpatient	unit, day care and carer support
Wages and salaries		2,229,967	344,204	2,574,171	2,319,248
Depreciation			122,019	122,019	123,804
Other costs		296,303	106,586	402,889	391,195
		2,526,270	572,809	3,099,079	2,834,247
Education
Wages and salaries		104,695		104,695	107,666
		104,695		104,695	107,666
		2,630,965	572,809	3,203,774	2,941,913

remaining support	costs are app	ortioned bet	ween the activiti	es undertaken	as shown be	low.
		General	Governance
		Support	Function	Total	Basis of apportionment
		E	E	E
Audit and accountancy			7,150	7,150	Governance
Legal fees			11,420	11,420	Governance
Other professional	fees		2,281	2,281	Governance
Other governance	expenditure		4,143	4,143	Governance
Finance and administration
salaries, wages and related costs		624,759		624,759	Allocated on expenditure	total revenue, and number of		total employees
Finance and administration other expenditure		73,827		73,827	Allocated on expenditure	total revenue, and number of		total employees
ITcosts		66,514		66,514	Allocated on	number of	employees
Depreciation		147,060		147,060	Allocated on	total assets
Other support costs		43,191		43,191	Allocated on expenditure	total revenue		Et total
		955,351	24,994	980,345

Net expe	nditure for the year
				2023	2022
				E	E
This is stated after charging:
Depreciation				147,060	143,154
Auditor's	remuneration:
For the	provision of audit services to the group			11,100	9,495
For the	provision of taxation	advisory services not included	above	200	1,950

Analysis of	staff costs
				2023	2022
				E	E
Wages and	salaries			3,389,815	2,934,241
Social security costs				304,920	261,769
Contribution	to defined contribution	pension	schemes	163,206	154,977
				3,857,941	3,350,987

	The number of employees	whose emoluments	employer	pension costs) fell	within the following
	set out below:
	E60,000 - E70,000					3
	E70,000 - E80,000				3
	E90,000 - E100,000					1
	E100,000 - E110,000				1
14	Staff numbers, Trustee remuneration	and expenses and	the cost	of key management	personnel

			2023	2022
Hospice inpatient	unit, day therapy	and patient support	74	75
Fundraising			10	9
Retail			26	25
Administration			17	16
			127	125

Tangible fixed assets
	Freehold	Leasehold	Ffxtul'es,
Group and Charity	property and	property and	fittings and	Motor
	improvements	improvements	equipment	vehicles	Total
Cost	E	E	E		E
At 1 April 2022	3,444,086	150,453	799,551	23,276	4,417,366
Disposals			(25,696)		(25,696)
Additions	128,277	2,050	83,187	5,809	219,323
At 31 March 2023	3,572,363	152,503	857,042	29,085	4,610,993
Depreciation
At 1 April 2022	948,811	109,445	625,862	23,276	1,707,394
Disposals			(25,696)		(25,696)
Charge for the year	71,125	14,480	60,694	761	147,060
At 31 March 2023	1,019,936	123,925	660,860	24,037	1,828,758
Net Book Value
At 31 March 2023	2,552,427	28,578	196, 82	5,048	2,782,235
At 31 March 2022	2, 95,275	41.008	73.689		2,709,972

Investment properties
		Freehold investment	property
Group and Charity		2023	2022
		E	E
Valuation at beginning	ofyear	513,002	645,633
Disposal proceeds		(167,997)	(80,114)
Gains / (losses) on disposal		12,997	(1,386)
Reclassification of bank	accounts		(78,833)
Surplus on revaluation		65,498	27,702
Valuation at end of year		23,	513,002

Investments
														Listed investments
														2023	2022
Group														E	E
Valuation at beginning ofyear														471,121	470,483
Additions														47,453	75,136
Disposals														(51,780)	(76,781)
Net movement	in deposits													(876)	(619)
Net investment	gains													(21,843)	2,902
Valuation at end of		year												444,075	1. 21
								Investments			In	Listed		Total
						subsidiary			companies			investments		2023	2022
Charity									E					E	E
Valuation at beginning			of year								2	471,121		471,123	470,485
Additions												47,453		47,453	75,136
Disposals												(51,780)		(51,780)	(75,839)
Net movement	in deposits											(876)		(876)	(619)
Net investment	gains											(21,843)		(21,843)	1,960
Valuation at end of		year									2	444,075		444,077	471,123
Listed investments		are those		listed on a recognised		stock	exchange			or	are	held in units of common investment funds
where the values are			calculated		by reference to investments			quoted		on a recognised			stock exchange.
At the year end	no	individual		investment amounts		to more	than		6.0%of		the	portfolio	value (2022: 5.6%).
3 fund investments			held at	the	year end were greater		than		5%	(2022:		3); Fundsmith		LLP sustainable	equity DIS
(6.0%), Fidelity	UCITS ICA US Qual Inc (5.6%), SSGA					SPDR ETFS		E	(5.6%)
														Market	Market
														Value	Value
														2023	2022
														E	E
UK equities														136,425	112,976
Overseas equities														193,873	230,048
UK government	bonds													7,87D	82,873
Company bonds														99,324	37,765
Cash Funds														6,583	7,459
														444,075	471,12
Historical cost at end			ofyear											01,301	02,705

Investments (continued) Principal subsidiaries	Investments (continued) Principal subsidiaries
The following was a subsidiary		undertaking	of the Charity:
Name			Company number	Registered 372	Principal	activity
Wakefield Hospice Trading	Limited		02768457	England	Trading	Subsidiary
Class ofshares		Holding	Included in	consolidation
Ordinary		100%	Yes

	The fina	n	cial	r	es	ults	ofth	e subsidiary for the year wer	e:
	Name								Income	Expenditure	Profit for the year	Net assets
									E	E	E
	Wakefieid		Hospice Trading					Limited	31,784	20,063	11,721	8,417
18	Stocks
											2023	2022
	Group										E.	E
	Finished		goods		and		goods for resale				14,186	7, 82
19	Debtors
									Group	Group	Charity	Charity
									2023	2022	2023	2022
										E	E	E
	Trade debtors								307,156	193,382	307,156	193,382
	Amounts		owed		by group undertakings						11,721	7,818
	Prepayments			and		accrued		income	810,689	757,349	810,689	757,349
	Other debtors								29,553	26,259	29,553	26,259
									1,147,398	976,990	1,159,119	984,808
20	Creditors: Amounts						falling due within one year
									Group	Group	Charity	Charity
									2023	2022	2023	2022
									E	E	E	E
	Trade creditors								150,395	125,848	149,942	125,848
	Accruals								313,813	128,917	309,664	125,530
	Deferred		income			(see note		21)	9,377	23,156	9,377	23,156
	Other taxation				and		social security		64,940	59,795	64,480	59,434
	Other creditors								36,288	24,196	36,288	24,196
									574,813	361,912	569,751	358,164
21	Deferred		income
									Group	Group	Chadty	Charity
									2023	2022	2023	2022
									E	E	E	E
	Balance	as at		1	April 2022				23,156	1,067,182	23,156	1,067,182
	Amount	released				to	income from prior periods		(23,156)	(1,067,182)	(23,156)	(1,067,182)
	Amount	deferred				in	year		9,377	23,156		23,156
	Balance	as at		31 March 2023					9,377	23,156	6,377	23.186

Group
									2023	2022
Financial	assets								E	E
Financial	assets measured		at	fair value	through		income and expenditure	account	867,575	984,123
Financial	assets measured		at	amortised	cost				2,026,666	2,289,408
										3,273,531
Financial	liabilities
Financial	liabilities	measured		at amortised		cost			500,496 5,	278,961 278.961
Charity
									2023	2022
Financial	assets								E	E
Financial	assets measured		at	fair value	through		income and expenditure	account	867,577	984,125
Financial	assets measured		at	amortised	cost				2,027,373	2,284,725
									9 .95	3,268,858
Financial	liabilities
Financial	liabilities	measured		at amortised		cost			495,894	275,574
									495,894	275,5

Funds
			Balance at 1 April 2022	Income	Expenditure	Transfers	Gains and losses	Balance at 31 March 2023
			E					E
Restricted	Funds
Restricted	funds		114,689	23,479	(28,702)	(35,000)		74,466
Unrestricted Funds
Designated	funds:
Capital fund			3,309,972	219,323	(147,060)			3,382,235
General funds			2,961,761	4,306,894	(4,890,470)	35,000	56,652	2,469,837
Toto(	Unrestricted	Funds	6,271,733	4,526,217	(5,037,530)	35,000	56,652	5,852,072
			6,386,422	4,549,696	(5,066,232)		56,652	5,926,538

Group and Charit	y
The total future	minimum	lease	payments	under non-cancellable	operating	leases	are as follows: 2023	2022
Operating leases	which expire:						E	E
Within one year							19,859	96,065
Within two to five years							268,480	76,489
Over five years							130,403 ,742», 55

			2023	2022	2022	2022
			Total	Unrestricted	Restricted	Total
			Funds	Funds	Funds	Funds
			E	E	E	E
Income:
Income from donations and		legacies	1,175,459	1,186,321	106,151	1,292,472
Income from charitable activities			1 659 623	1,441,191		1,441,191
Income from other	trading	activities	1,665,017	1,457,709		1,457,709
Investment income			49,597	36,568		36,568
Other income				31,702		31,702
Total Income			4,549,696	4,153,491	106,151	4,259,642
Expenditure:
Expenditure on raising funds			1,862,458	1,453,293		1,453,293
Expenditure on charitable		activities	3,203,774	2,929,345	12,568	2,941,913
Total expenditure			5,066,232	4,382,638	12,568	4,395,206
Net gains on investments			56,652	29,218		29,218
Net (expenditure)	/ income		(459,884)	(199,929)	93,583	(106,346)
Transfers between	funds			70,507	(70,507)
Net Movement in Funds			(459,884)	(129,422)	23,076	(106,346)
Reconciliation offunds:
Total funds brought	forward		6,386,422	6,401,155	91,613	6,492,768
Total funds carried	forward		5,926,538	6,271,733	114,689	6,386,422

30	Analysis ofexp	en	diture	on	raising fu	nds com	parative note
									Activities	Support
								2023	undertaken	Costs	2022
								Total	directly	lsee note 32)	Total
								E	E	E	E
	Fundraising
	Wages and	salaries						447,968	217,925	114,216	332,141
	Depreciation							4,894		4,966	4,966
	Other costs							239,803	151,853	21,801	173,654
								692,665	369,778	140,983	510,761
	Retail
	Wages and	salaries						731,106	474,916	117,016	591,932
	Expenditure	ofWakefield			Hospice	Trading	Limited	20,063	14,410		14,410
	Depreciation							20,147		14,384	14,384
	Other costs							349,707	242,986	29,101	272,087
								1,121,023	732,312	160,501	892,813
	Other expenditure		on raising		funds
	Investment	management			fees			10,071	11,536		11,536
	General income costs							13,705	4,&36		4,836
								23,776	16,372		16,372
	Governance							24,994		33,347	33,347
								1,862,458	1,118,462	334,831	1,453,293
31	Analysis ofexpenditure			on	charitable	activities comparative		note
									Activities	Support
								2023	undertaken	Costs	2022
								Total	directly	lsee note 32)	Total
								E	E	E	E
	Hospice inpatient		unit, day care and carer support
	Wages and	salaries						2,574,171	2,010,879	308,369	2,319,24&
	Depreciation							122,019		123,804	123,804
	Other costs							402,889	310,594	80,601	391,195
								3,099,079	2,321,473	512,774	2,834,247
	Education
	Wages and	salaries						104,695	107,666		107,666
								1O4,695	107,666		107,666
								3,203,774	2,429,139	512,774	2,941,913

Funds com	parative no	te
			Balance at 1 April 2021	Income	Expenditure	Transfers	Gains and losses	Balance at 31 March 2022
			E					E
Restricted	Funds
Restricted	funds		91,613	106,151	(12,568)	(70,507)		114,689
Unrestricted Funds
Designated	funds:
Capital fund			2,799,273	53,853	(143,154)	600,000		3 309 972
General funds			3,601,882	4,099,638	(4,239,484)	(529,493)	29,218	2,961,761
Total	Unrestricted	Funds	6,401,155	4,153,491	(4,382,638)	70,507	29,218	6,271,733
			6, 92,768	4,259,6 2	1,395,2063	-	29,2 8	6,386,422

Analysis o	f n	et assets be	tween funds compa	rative note
			Fixed Assets	Investment Properties	Investments	Net Current Assets	Tot I
					E	E	E
Restricted	funds					114,689	114,689
Unrestricted		funds:
Designated		funds	2,709,972			600,000	3,309,972
General	funds			513,002	471,121	1,977,638	2,961,761
			2,709,972	513,00	471,121	2,692,327	6,386,422