Company regi5tratlDn numbei:02263960
Charity registration number: 519659
DERWENTSIDE HOSPICE CARE FOUNDATION
IA compary limited by guarantee)
Annual Report & Financial Staiements
for the Year ending 31 March 2023

Derwentside Hospice Care FoundatSon
Contents
Reference and Administrative Detai15
Trustees, Report
Staternent Of Trustees. responsibilities
12
Independent Auditorf5 Report to the member5
13
Statement of Financial ActNitie5
17
Balance Sheei
18
Statement of Cash Flows
19
Notes to the Financi31 Statements
20

Derwentside Hospice Care Foundation
Reference and Admlnlstrative Detai15
Company Reglslratlon Number
02263960
Charity Resistration Number
$19659
Solicitors
Ward Hadaway
102 Quayside
Newcastle upon Tyne
Tyne &Wear
NEI 3DX
Bankers
Lloyd5 Bank
I Victoria Road
Conselt
Durham
DH8 SAE
CAF Bank Lirnited
Head Office
Kin65 Hill
West Malling
Kent
ME19 4TA
Inve5trnent Managers
CCLA Investment Management Limited
One Angel Lane
London
EC4R 3AB
Auditor
Haine5 Watts North East Audit LLP
17 Queens Lane
Newcastle upon Tyne
NEI IRN
Page | I

Derwentside Hospice Care Foundation
Reference and Administrative Detai15
Trustees
P jackson Ichairl
A Allon
R Bennett
S E Brent
l A Burke
Dr C T Kelly
M H McArdle
P Pollard
L Telftsrd
Key managemL￿t Persannel
D E Barker- Director of Operation5
C Hagri- Head of Clinical
C P Hewitt- Head of Flnance ILeft Aprll 20231
R Todd- Head of Marketing & Fundralsing
A L Watson- Head of Finance (Appointed April 20231
Principal Office
Willow Burn H05pice
Howden Bank
Lanchester
Durham
DH7 OQS
The charity is Incorporated in England and Wales.
Pagel 2

Denventside Hospice Care Foundation
Trustees, Report
The Trustees. who are directors for the purpw)5e5 of company law, present the annual report together
with the financial statements and auditors, rewrt of the charitable company forthe year ended 31 March
2023.
Report from the Chair of the Bo?rd
The year to end March 2023 was a successful year for the charity with both setvices and fundraising
develtsping under a strong governance and leadership team.
The hospice in patient unit Wa5 as bv5y as ever, provlding high quality care and 5UPPart to people ot the
end of life, and their familie5.
Our Oay Services proved as popular as ever and we expanded our range of 5Ervice5 to include further
support sessions for carers. The growth in dernand for Bereavement Support continued and we
Int￿35ed the capacity of our. muth needed, Childrens Bereavemeni Coun5elling Service. Our
Complementary Therapy offer was a150 extended.
Highlighis of our Communlty Engagement work came through our most successful Charity Ball ever. the
annual Light Up A Life SeNice at All Saint's Church, Lanche5ter and a fantastic performance of our
fundraisers through events Ilke the Great North Run. The Willows Cafe continues to be both a viial
fundraiser for the charity and an energetic community hub.
The charity embedded it5 revised Governance Structure Ithrough a Board of Tru5tee5 and three Sub
Committees- Compliance & Governance, Marketing & Fundraising and Finance & General Purp05esl.
We were delighted to welcDTne two new Trustees tr) the Board, Andrew Allon and Philip Pollard have
both proved their worth in augmenting our already strong Truslee set.
This year ha5 been a year of policy development in terms of our environmental Sustainability policy and
plan. This agenda 15 important to the charity and will lead to further development in the year5 to come.
The charity relie5 on a small team of highly dedicated staff delivering high quality care and support.
across the wide remit of our activities. The staff are supported, brilliantly, by a team of committetj
volunteers. Whether in the gardens. the shops. the cafe. reception and administration or day 5eNice
our volunteerfs work is highly regarded by all.
Financially, the chority was proud to support our staff through the tost of living crisls with è one.off
payment to all staff at Christmas. this was achieved whi15t also being aware of the need to ensure long
term financial 5U5talnabillty.
l am pleased to tommend Ihi5 Annual Report and Attounts.
Paul Jackson
Chair of the 8oard of Trustees
Page13

DerWent￿de H05pice Care Foundation
Trustees, Report
Structurei govemance and management
Nature of governing document
The organi5ation is a charitable company limited by guarantee, Incorporated on 2 June 1988.
The charitable company wa5 estsbli5hed under a Memorèndum of Associatlon thai established the
objec15 and powers of the organi5ation and is governed under its Articles of Association passed by special
resolution in january 2013. and last updated on 19 May 2022. In the event of the tharitable company
being wound up, member5 are required to contribute an amount not exceeding £10.
Organi5ational strurture
The charity isBoverned by its board of trustee5 who are also the appointed dir￿lor5 of the company. The
number of trustees at present 15 nine. The Trustee5 who served during the year, and were in office up to
the signing of this report were;_
P Jackson (Chairl
R 8ennett
S E Brent
IABvrke
Dr C T Kelly
M H McArdle
L Telford
A Allon lappointed 8 November 20221
P Pollard (appointed B November 20221
A Britton Iresigned 11 May 20221
Recruitment and appointment of trustees
Trustees can be elected or co-opted during the year and thelr appointment is confirmed at the Annual
General Meeting IAGMI. At each AGM one third of the Trustees must retire from office. The Trustees to
retire by rotallon are those who have been longest in office since their last appointment.
The Trustees airn to maintain a balanc&d skills and knowled8e base amongst the Board members by
identifying skills 5hortaBes when an opening exist5 for a new member. Representation relevant to the
Service v5er group is a key factor given the charity's mission.
The Trustees are required to meet at least four times per year. At these meetings member5 receive
detailed managernent accounts (including ca5hflow projections and reforecastsl a5 well as reports on
operational activities each month. The Board also receive regular presentations and reports on any major
developments or proposals. They participate in the strategic planning process and have ultimate
responsibility for approval of the strategic plan.
Inductlon and training of trustees
New trustees are provided with a proper induction prO￿sS and pack which details everything they need
to know about the charity as well as their responsibilities a5 a trustee. Briefing papers and familiarisation
training are effected for all trustees, as deemed nece55ary.
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Denventside Hospice Care Foundation
Trustees, Report
Sub-committees
The Board of Trustees Is sUPPOrted by the following 3 5ub.committees:
Flnance & General
oses Sub-committee which comprises of at least two trustees who are
independent of the management team and who are f￿e from any relationship that in the opinion of
the board would interfere with the exercise of independerbt judgement a5 members of the gTOUP. The
responsibillty of the 8roup is to provide an effective review process of both current and future financial
performance. The group is Cltrrently meetin8 four times a year, with monthly performance reporting
ontinuing between meetings. The Head of Finance support5 thi5 sub-committee. The focus ofthe Eroup
15 to continue to Strengthen the charlty day-to-day, and develDP the lons-term future of the
organi53tion, while ensuring fruitfvl and prudent utilisation of Its re50ufcES.
Marketl & Fundraisin
Sub<ommittee which comprise5 of at least two trustees who are
independent of the management team and who are free frorn any relationship that in the opinion of
the board would interfere with the exercise of independent judgement as members of the group. The
8roup is currently meeting four times a year. The Head of Marketing & Fundraising supports this 5ub-
committee. The responsibility of the Bfoup is io provide an effective challenge and support in temis of
buslness development. fundrai5in8 and marketing of the charity. in line with the wider strategicaims of
the h05pice.
uali
&Com
Ilance Sub-committee which comprises of at least two tnjstees who are independent
of the management tearn and who are free from any relatlonship that in the oplnlon of the board would
interfere with the exercise of independent judgement as member5 of the group. There 15 also a member
of the sub-committee who is not a trustee to provide independent 355urance and challenge to the
8roup. The Eroup is currently meeting four times a year. The Head of Clinical Services supports this sub-
committee. The responsibility of the group is to provlde an effectlve audit mechanism of current and
future clinical activity and the developn7ent of future strategy.
Day404Jy management
The Director of Operations is responsible for the day-to-day management of the charity's affairs and for
implementing the strategy a5 agreed by the Board. Thi5 is done within the boLrndarie5 of the budget and
various policies and procedure5 also agreed by the Board. The Director of Operation5 appraises the Chair
of any significant issues that may arise between formal meetings. The Dbrector of Operations 15 Supported
by a senlor management ream that currently consists of the Head of Clinical SeNices, Head of Marketing
& Fundraisin8, Head of Finance and officer Manager. The manage¥nent leam (including the Director of
Operations) hold re8ular meetinE5 a5 needed, to address all relevant operational 15sue5.
Key Management Petsonnel
The Boèrd, who Bive their tirne freely and received no ￿￿l￿neratIOn in the year, have considered who
the Key Management Personnel IKMPI of the tharity are, as noted in the Reference and Administration
section. Together with the Board, these KMP are those in chargè of directing and controlling. running and
operating the activities of the charity on a day-to.day basis. The pay of the KMP 15 reviewed annually. The
Trustees benchmark against pay levels of other charities and similar organisations within the sector and
the region. Pay levels are set using this infomiation together with the budget and forecast information.
ensuring that the Charity can afford any proposed incrEa5es. The Board then 8Bree any uplift to
remuneration. Details of the KMP can be found on page 2.
Page | S

Derwentside Hospice Care Foundatlon
Trustees, Report
Objective5 aTrd artivities
Objects tsnd ttims
Derwentside H05pice Care Foundation's object5 are to promote the ￿lief of sickness bv-
Providing appropriate care to people in the life lirniting phase of their illne55 and to SUPPOrt the
whole family during thi5 time and in bereavement.
Estoblishing, maintaining and conducting hospitHIs, residential nursing home5 and clinits for the
feception and care of person5 suffering from any illness, disabilitV4 disease or other infirmity
whether physical or mental and providing medical or other treatment and attention for any such
person5 either In their own home or at any institution of the charity.
Prornoting or assisting in the teaching or trainlng of doctors, nurses, phy5iOtherapi5t5 and other
persons engaged in any branch of medicine, surgery* nursing or allied services, anrj in the teachlnE
or training of students In any branch of medicine, surgery, nursing or allied services.
Conducting or promotin8 research into palliative care and trealment of per50n5 suffering from
any such illness, disability, disease or infirmitv a5 aforesaid and particulorly into the care and
treatment of persons suffering from cancer or terminal illne55 and to disseminate the useful
results thereof to the public.
Providing such medical supplies, equipment and apparatus. drugs, amenitie5. comfort5 and other
thing5 conducive to the rnaterial or spiritual welfare of any person resident or worklng in any
instltutlon of the charity or any person being treated or attending in their own housE5 that the
charity may think fit.
Arranging lectures and conducting training course5 and publishing pamphlets, books, journals and
other publications relating to the workin8 of the charitv.
Fundroising disclosures
The charity's Head of Marketing & Fundraising continues to be a mernber of the Institute of Fundraising
an(J the charity follow5 best practice and re8ulations in all it5 fundraising activity- No complatnts relating
to fundraising activities have been received within the reporting period. The charity is registered with The
FundraisinE ReELtlator.
Publicbenefv
The trustees confirm that they have complied with the ￿quIrementS of sectlon 17 of the Charities Act
2011 to have due regard to the public benefit guidance published by ihe Charity Commission for England
and Wale5.
Page | 6

Derwentside Hospice Care Foundation
Tru5tees' Report
The Mission, Vison & Values of the charity
To deliver hospice care of the highest Standard to our
patients and those important to them- now and in the
future.
Treasuring lives through high quality, personalised, palliative
& end of life care and bereavement support.
Mlsslon
Vlsion
Caring: We put care, compassion and dignity at the heart of
everything we do.
Aspiring: We are passionate about delivering high quality,
personalised services.
Responsible: We are a responsible organisation that people
can trust.
Empowering: We support and enable people to make the
choices that matter to them.
Values
Strateglc priorltlts
I"1
Cominunlty
ÈEngagement
Strategic Prlorltles
Governance.
Talk About.,.
Deat
High Quallty Servlces
Flnanclal Sustainability
Playing Our Part
Raising Publlc Proflle
Engage in emerging
themes in h05pice care
Develop and deliver
research strategy
staff Development
Major Capital Appeal
Services to the wider
publlc
Compliance
The charity's Strategic Priorities are approved annually by Ihe Board of Trustees and a detailed dellvery
plan 15 developed in order to ensure pro8ress is made toward5 achieving the strategic aim5.
Pa&e17

Derwentslde Hospice Care Foundatlon
Trustee< Report
Achievements and perfom)ance In Clinical Service5
Willow Burn Hospice has in.patient capacity of six beds in the Helen McArdle Win8. Four of these are
currently commissioned by the North East and North Cumbria Integrated Care Board to provide end-of-
life care, symptom manaEement and crisis intervention respite support. Spot Purchase requests for the
additional bed5 are made for individual need for end-of-life patients. A further contract ha5 been agree(I
with Continuin8 Health Care ICHCI for patients who may require longer term funding in a hospi￿ bed
where they are a55essed either 05 not 5Ultable for a nursing home placement or have a unique Set of
circumstances and 'fit' with the philosophy of hospice care.
Admissions are arranged through professional referrals. and a5se55ed and considered on a priorlty need
basis. All patients and families have acces5 to our family support team to rneel their psychological and
emotional needs as part of a holistic package of care. The in.patient unit IS skffed continuously by one
Registered Nurse IRGNI and one Healthcare Assistant IHCAI, with addition31 staffing 355essed for higher
deperbdency andlor occupancy.
Ouring the year to March 23, the in-PBtient unit cared for 84 patient5 and their families. Average length
of stay was 10 days.
Clinical support is undertaken through the deployment of two General Practitioner5 With Special Interest
IGPSII- When taken with our additional contract for Consultant cover, the charity has direct medical
review available three days per week. Arrangernents are also in place to ensure additlonal appropriate
medical review is available whenever needed.
Day Centre Servi￿5 continue to meet the needs and wi5he5 of the patients within the phi1050phy of
supporting them to'live well with their illne55'. The service is provided three days a week and is managed
with a dedicated RGN and HCA. The service provided support to 115 patient5 and their families in the
reporting period to March 23. 1070 appointments were attended including an increose in face to face
appointmenis. A 12-week prograrnme of planned activitywithin a period of attendance 15 Usually offered,
and support and sign-posting to other services is undertaken In preparatiun for discharge or if referrals
io the service do not match with our provision. We continue to work wlth other organi5alion5 for
reciprocal referTa15 in and out of seNices e.g. County Durham Carers and Macmillarj Can￿r Suppc¢rt. Day
centre Services are augFnented by a Complemeniary Therapy service offering a range of relaxation and
wellbeing therapies.
The Famlly Seryices and Bereavement support team worked with 177 patients and their familie5
throughout the year. They provide much neede(15UPPOrt and counsellinB to adults and there is also a
chiltlren's coun5elling service available.
The H05pice ha5 a current Care Quality Commission rating of Good Ila5t in5petted 20161.
Performance aspert Iunlts)
Year to 31 March 2023
Yearto 31 March 2022
Patient care
In-patients admitted
B4
85
Total patlents for Day
Services lappointmentsl
115110701
5119071
Family Support and
Bereavement service5
referra15
218
178
Page 18

Derwentside H05pice Care Foundation
Trustees, Report
Nothing hus everbeen too much trouble. What mogniAicentsupport. My heort will alwoys be here.
Thonk yots to oll stoff. You ore so coring, kind ¢7nd helpfvl.
Nothing is too big or too 5moll.
I con't thonk you enough, olwoys holding my h¢7nd. Thank you.
Financial review
The Statement of Financial Activities ISOFAI shows that gross income Increased from £1,243,859 to
£1.437,551 and expendlture increased from £1,186,367 ro £1.275,736. This resulted a surplus of
£161,81512022- £57,492) which has been allocated to restricted and unrestricted funds as shown in the
SOFA.
The Trustees are satisfied with this Posltion at the year-end ond are keen to maintain the strength of
overall re5eTves in the future.
Derwentside Hospice Care Foundation has continued to benefit from various grants during the year and
the board of Iru5tees gratefully acknowledge this support.
Work continues on w4y5 in which income levels can be sustained and review Df expenditure continues to
take place to ensure the charity consistently achievesvalue for money. The Senior Management team are
aware of the need to provide an efficient se￿iCe that offers value for money to the community, without
losing the emphasis on patient care and safety.
A strategic Teview of the charity 15 now cornpleted with a strong strate8ic plan in place. The Board of
Trustees and Senior Managernent Tean7 will continue their efforts to provide a bright future for
Oerwentside Hospitè Care Foundation, and a valued service for the people of Derwentside.
Policy on resen*es
The calculation of f￿e reseTve5 15 based on the definition included in the charity statement of
recommended practice ISORPI, which provides recommendation5 for accountins and reporting for
charities. The Trustees have exarnined the requirements of the charity to hold free reserves - those
reserves not invested in tangible fixed assets, excluding long term liabilities, or designated for a particular
purpose. The Trustees tonsidered it would be appropriate to hold the equivalent of six month5 operating
Costs. Thls equates to £650,000.
At the year end. Free reserves were E772,61712022- £604,660), an increa5E of £167.957 in the year.
Plans fortsture development
The charily plans to develop and invest in a numberof new initiatives over the corning year5. Chief among
these are-
Children'5 Bereavements Counselling- demand for thi5 service has increased ond further plans
are underway to increase capacity within thi5 seTvice.
Complementary Therapy is key in ensuring the wellbelng of patients and carers. The service
started this year has been well received and further plan5 are underway to increase capacity.
Research The chariEV has developed a Research programme in partnership with Sunderland
University, looking into aspects of Hospice care, including cornmunity pharmacy and ailitude5 to
Asslsted Dying.
Page19

Denventside Hospice Care Foundation
Tru5tee5' Report
Retail expan5ion- The charity has plans to develop a furniture store with ￿CYclIng capabilities.
Climate cri515- The need forgreaterenergy efFicienty is well understood a5 IS the need to respond
to the climate cri515. The charity plans to install a hugely expanded solar panel system to the roof
of the Helen McArdle In Patient Unit and 15 exploring the possibllity of filling an Electrlc Vehicle
charging port to its car park.
Golngconcem
The charity rneets its d3y-to-day workin8 capital requirements through cash gellerated from operations.
The charity's forecasts and projections for the next twelve months shaw that the charity should be able
to continue In operational exisience for that period, taking into account POS5ible changes in trading
performance.
Having considered the (￿r￿nt cash forecasts of the Charity, the TTU5tees have a reasonable expectation
that the Charlty has adequate ￿sOUrceS to continue in operational existence for a peritsd of al teast 12
month5 from the date of si8nin8 these financial statements.
Obj4rttves and policies
The Trustees have a formal rfsk management proces5 to assess business risks and implement risk
management strategies. Thi5 proce55 involves identifying the types of risk5 the Charity faces, prioritisinE
them in terms of potential impact and likelihood of occurrence. and identifying means of mitigating the
risks. A5 Part of this process the Trustees review the adequacy of the CharitV'5 current internal contrDIs
and the costs of operating particular controls relative to the benefits obtained. ProCedu￿S have been
established for reporting failings immediately to appropriate levels of manaEement and io the Trusiee5.
The Trustee5 are 53tlsfied that the systems and procedures in place are sufficient to adequately mitigate
identified risks to an acceptable level in the Charity's day-to-day operation5.
Risk envlronment
The charity has robust Systems in place for review of the risk registers within the organisation. A
annual report is made to Trustees on the risk environment. risk reElSter5 are di5CU5sed at monthly
Senior Management Team meetlvl85 and all changes in rlsk status are reported to Tru5tee5.
Environrnental. Sustainability and Governance IESGI and CorpoTate responsibility
Like many responslble busSnesses, the Hosplce continues to conslder more deeply the impact it has on Its
ersviTonment and surroundings and how it Might contribute io a more 5UStainable future.
Sustainobility aspect
Energy usage
Detai15 or circumstances
All light fittings are replaced wlth LED bulbs.
Travel
Meetings can be held on-line if there isn't a specific need to
meet in person.
Water usage
Water reduction valves are fitted to our showers. We store and
reL¢se rainwater on site for our gar(lens.
Food rniles
The C8fé seeks to use in-season food sovrced from local
producers where possible.
Local environment
Look to create empathetic enviroTrments within ourown
gardens.
Page | 10

Derwentside Hosplce Care Foundation
Trustee5' Report
The charily has extensive plans to fit addilional solar pane15 to the roof of our In Patient Unit in order to
reduce cost5 and our carbon footprint.
Performance aspect (Units) Year to 31 March 2023
Year to 31 March 2022
Utilit & resource usa
Electricity (kwh)
Gas Ithermsl
Warer Im31
73.547
150.711
IEI 600
120,353
155.735
623
Pa
ment of su liers
Creditor days out5tandin8
VolunteÈr5' contribution
Estimated hours
Indicative valuation
21.778
£232,000
17.700
£183.OOQ
Flnanclal Instruments
The Hospice engaEed an investment manèger. CCLA, to manaEe a proportion of it5 free cash reserves. The
threat of inflation eroding cash worth and low interest rates provided by conventional bank accounts
meant that there was a risk of Reserves being depleted in value over time.
Taking into account cash forecasts and expectations, a prudent proportion of cash funds were handed
over to CCLA to be man8ged in their COIF Ethical Investment Fund. It is intended that this will be a long-
term arrangement. to provitle the best opportunity for good returns. but thls wlll be monitored regularlv
to ensure that the Fund Managers are performing adeouately and adding to the continuing financial
stren8th of the Hospice.
other than lindirectlyl within the CCLA Fund, the Hospice does ngt invest in any financi31 instruments.
Appointment of auditor
Following a formal tender prO￿s$ in line with the charity's recoEnlsed procedure Haine5 Watts North E05t
Audit LLP were appointed auditors for the production of annual account5 as at 31 March 2023. It b5
envi53ged, 5ubjett to annLsal Trustee approval at AGM, that this will be a three year arrangement and will
be reviewed in 2025.
Page | 11

Derwentside Hospice Care Foundation
ststement of Trustees, Responslbillties
The Trustees (who are also the directors of Denmentside Hospice Care Foundation for the purpose5 of
ompany lawl are responsible for preparing the Trustees. Report and the fi"nancièl statements in
accordance with United Xingdom Accounting Standards Iunited Kingdom Generally-Accepted
Accounting Practice) and applicable laws and regulations.
Company law requires the tru5tee5 to prepare financial statements for each financial year. Under
company law the trustees must not approve the financial stbtements unle55 they are Satisfied that they
give a true and fair view of the state of affair5 of the charitable company and of its incoming resources
and application of resources, including Its income and expenditure, for that period. In preparing these
rinancial statements, the trustees are required to-
select suitable accounting policies arbd apply them con515tently
observe the method5 and principle5 in the Charitie5 SORP
make judgemenis and estimate5 that are reasonable and prudent
state whether applicable UK Accounting Standard5 have b@en followed, subject ta any materlal
departure5 disclosed and explained in the frnancial statement; and
prepare the financial 51atements on the going concern basis unless it Is In8ppropriate to
presume that the charitable company will continue in btssines5.
The Trustees are responsible for keeping adequate accountinB records that are sufficient to show and
explaln the charitable compan*5 transactions and di5clo5e with reasonable atturacy at any time the
finantial position of the £harit3ble company and enable them to ensure that the financi31 slatement5
comply with the Companie5 Act 2006. They are a150 responsible for safeguarding the assets of the
company and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Disclosure of information to the auditor
Each trustee has taken steps that ihey ought to have taken as o tru51ee to rnake themselve5 awaie of
any relevant audit inforniation and to establish that the charity's auditor 15 aware of that information.
The trustees confirm that there is no relevant informatlon that they know of and of which they know
the aijditor 15 unaware.
Approved by the trustees of the tharity on 8 November 2023 and signed on their behalf by:
P Jackson- Chair & Trustee
Page | 12

Derwentside Hospice Care Foundatlon
Independent Audltorfs Report to the Members of Derwentslde H05plce Care Found?tlon
Opinion
We have audited the financial statements of Derwentside Hospice Care Foundation Limited
{the 'charitable company'l for the year ended 31 March 2023 which comprise the Statement
of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the
financial staternents. including significant accounting policies. The financial reporting
framework that ha5 been applied in their preparation is applicable law and United Kingdom
Accounting Standards, including Financial Reporting Standard 102 The Fint7nci(Jl Reporting
5tondord opplicoble In the UK ond Republic of Irelond Iunited Klngdom Generally Accepted
Accounting Practice).
In our opinion the financial statements:
give a true and fairvlew of the state of the charirable company's affairs as at 31 March
2023, and of it5 incoming resource5 and application of resources, including its incorne
and expenditure, for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice: and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for opinion
We condurted our a(Jdit in accordance with International Standard5 on Auditing IUKI11SA5
IUKII and applicable law. Our responsibilities under those standards are further described in
the auditor respon5ibillties for the audit of the financial statements section of our report. We
are independent of the charitable company in accordance with the ethical requirement5 that
are relevant to our audit of the financial statement5 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 audlt evldence we have obtained is sufficient and
appropriate to provide a basi5 for our opinion.
Conclusions relating to golng concern
In auditing the Financial statements, we have concluded that the trustees, use of the going
concern ba515 of accountin8 in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertaintie5
relating to events or conditions that, individually or collectively. may cast $18nificant doubt on
the 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 responsiblllties and the responslbllities of the trustee5 With respect to going concern are
described in the relevant sections of th15 report.
Other information
The other information comprises the information included in the trustees, report, other than
the financial statements and our auditor's report thereon. The tru5tee5 are responsible for
the other information. Our opinion on the financlal 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 a55urance conclusion thereon. Our responsibility is to read the other
Page | 13

Derwentside Hospice Care Foundation
Independent Audltorfs Report to the members of Derwentside Hospice Care Foundation
information and, in doing so, consider whether the other information is materially
inconsistent with the finarbcial statements or our knowledge obtained In the course of
the audit or otherwise appears to be materially misstated. If we Identify such material
inconsistencie5 or apparent material misstaternents, we are required to determine
whether thi5 gives rise to a material mi55tatement 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.
Opinion5 on other matters prescribed bythe Companies Act 2006
In our oplnion, based on the work undertaken in the course of the audit:
the information given in the trustees, report, whlch includes the Strategic report and
the director5, report prepared for the purp05e5 of company law, for the financlal year
for which the financial statement5 are prepared is conslstent with the financial
statements,. and
the strategic report and the directors, report included within the trustees, report have
been prepared in accordance with applicable legal requirernentS.
Matter5 on which we are required to report by exception
In the Ilght of the knowledge and under5tandin8 of the charitable company and its
environment obtained in the course of the audit, we have not identified material
misstatements in the strategic report or the directors. report included within the trustees,
report.
We have nothing to report In respett of the following matters In relation to which the
Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit
have not been received from branches not visrted by us- or
the financial statement5 are not in agreement with the accounting records and
returns.. or
certain disclosure5 of tru5tee5' remuneratiori specified by law are not made; or
we have not received all the Information and explanatlons we requlre for our audit:
or
the trustees were not entitled to prepare the financial statement5 in accordance with
the small companies, regime and take advantage of the small componies, exemptions
in preparing the directors, report and from the requirement to prepare a strategic
report.
Responsibilities of trustees
As explained more fully In the trustees, responslblllties statement the trustees Iwho are also
the directors of the charitable company for the PUFposes of company lawl are responsible for
the preparation of the financial statements and for bein8 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.
Pa&e114

Derwentside H05pice Care Foundation
Independent Audito￿5 Report to the members of Denventside Hospice Care Foundatlon
In preparin8the financial statements, the trustee5 are responsible for assessingthe charit3ble
company's ability to continue as a goin8 concern, disclosin& a5 applicable. matters related to
going concern and usin6 the going concern basis of accountin8 unle55 the trustees either
intend to liquidate the charitable company or to cease operations, or have no realistic
alternative but to do so.
Auditor responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as
a whole are free from material misstatement, whether due to fraud or error, and to issue an
auditor's report that Includes our opinion. Reasonable assurance is a high level of a55urance.
but 15 not a guarantee that an audit condLrcted in accordance with ISAS IUKI will always detect
3 material misstatement when it exists. Mi55tatements can arise from fraud or error and are
considered material If, individually or in the aggregate, they could reasonably be expected to
influence the eEonomlc 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 procedure5 in line with our responsibilitie5, Dutlined above, to detect material
misstatement5 in respect of irregularities. including fraud. The extent to which our procedures
are capable of detecting irregularities, including fraud is detailed below.
We obtained an understsnding of the legal and regulatory framework applicable to both the
charitable company itself and the industry In which it operates. We identified areas of laws
and regulations that could reasonably be expected to have a material effect on the financial
statements from our sector experience and throuEh discussion with the tru5tee5 and other
management. The most significant were identified as the Charities Act 2011, the Companies
Act 2006. UK GAAP (FRS 1021, the Care Quality CDmrnis5ion and Health and Safety le8islation.
We considered the extent of compliance with those law5 and regulatlons as part of our
procedure5 on the related financial statements. Our audit procedures included:
making inguiries of trustees and management 35 to whether they con5iderthere to be
any known or suspected instances of fraud, or non-compliance with laws and
regulations.
Asse55ing the matters identified on the Charitys risk register.
Reviewing the minute5 of meeting5 of those charged with governance.
Assessing the risk of management override of controls. including through testing
journal entries and other adjustment5 for appropriatene5S.
Challenging assumptions and judgements made by management in their significant
accounting estimates.
A fijrther description of our responsibilities is availableon the FRC's website
at: htt
www.frc.or
auditors
audit-a5surance
auditor-s-res
on5ibilities-for-the-
audit-of-the-fi
descri
tion-of-the-auditor%E2%80%995-res
onsibilities-for Thi5 description
forms part of our auditorfs report.
Pa6e | 15

## **Derwentside Hospice Care Foundation** 

## **Independent Auditor's Report to the members of Derwentside Hospice Care Foundation** 

## Use of our report 

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. Our audit work has been undertaken so that we might state to the charitable company's members 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, for our audit work, for this report, or for the opinions we have formed. 


## **Craig Henderson (Senior Statutory Auditor) For and on behalf of Haines Watts North East Audit LLP** 

17 Queens Lane Newcastle upon Tyne NEl lRN 14 November 2023 

Page I 16 



Derwentslde Hospice Care Foundation
Statement of Flnancial Activities for year-ended 31 March 2023
Ilncluding Income & Expenditure Account and Statement of Totsl Recognlsed Galns and Losses)
Ufirestikted
funds
Ae5trlaÈd
luftds
Total
2023
Totsl
2021
Nate
Incorne and Endowments:
Donatlons and lega£ie5
Charitable Activitie5
Other trading activittes
Unrealised gains on Investmènt
Tot31 Income
Expendituiè..
Raising funds
Choritable actlvilles
Total Expenoiture
Net IntornÈ
Transfer between fund5
368,791
569,102
431,166
26,117
1.395.176
42,375
411,166
569.102
431,166
26,117
1,437.551
351,000
544.588
348,271
42J75
1.243.859
1279,8501
1938,4901
IL218.3401
176.836
1279,8501
157,3961
I995￿85}
IS7.3961 11,275.7361
11S.QZII
161.815
101
115.0211
1224,0401
1962,327
11,186.3671
57.492
176,836
161A15
57.492
Reconciliation of funds
Total funds brought forward
Tolal funds carried for4¥ard
2.592.339
1.769,175
1,518,450
1,503.4Z9
4,110.789
4,272,604
4.053.297
4,110,789
22
All of the Charity's activlties derive from CDn¢inying operatlD115 duTirbg ihe above two periods ènd Includes all
recognised gain5 and1055e5.
The funds breakdown for 2023 Is shown In note 22.
Compurntlve ptriod
Uniestrlcted
lunds
Resirlcted
funds
Total
202Z
Nok•
Income and Endowment5'.
Donation5 and legacies
Charitable Aciivilies
Othe¥ tradin8 activities
Investment income
Total Income
261,937
544,588
348,271
89.063
351,000
544.S88
348.271
1,154.796
89.063
1.243.859
Expendilure..
Raising funds
ChaTiiable activltlE5
Total Expenditure
Net Income
Transfer between fund5
1224.0401
1874,3101
11,098,350)
56.4466
32.075
8B.521
1224,0401
1962,327)
1¥186,3671
57,492
18B,0171
165.9791
1.046
132.0751
131.0291
57,492
Reconciliatlon of funds
Toral funds brought forward
Total funds carried Icrward
2,503.818
2,592,339
1.549,479
1.515,450
4.053,297
4,110,789
22
Page117

Denventside Hospice Care Foundatlon
Balance Sheet for the year-ended 31 March 2023
2023
2L12Z
14ote
Flxed assots
Tangible assets
vestments in subsldiaTles
3.196.557
3,282,678
14
3.196.558
3,282,679
Ctsrrent a55ets
Investments
Oebtofs
Cash at bank and In hand
15
16
626.117
194,752
307.366
1.128,235
1511891
1.076,046
135,057
747,957
883,D14
154,9041
828,110
Credltors.. Amounts falTrlng due wlthln one year
Net current assets
17
Net a55ets
4,272,604
4.110.789
Funds ofthe tharlty:
Restricted fund5
I￿03.429
1,SJ8NSO
Unre51rlcted income funds
De5i8naied Reserve
UnrE5trictpd Reserve
Total funds
300,000
2N69,175
4,272,604
205,OQO
2.387?39
4.110,789
12
The financial statements on pa8e$ 16 to 31 were approved by the trustee5. and authorised for issue on 8
November 2023, and signed on their beholl bv
P Jackson- Chair & Trustee
Page | 18

Derwentside Hospice Care Foundation
Statement of Cash Flows for the year-ended 31 March 2023
2023
202Z
Cash Ilows from operatln8 a¢tivltles
Net cash income
Adjustments to £ash flows Irom non-ca5h Items
tJepTeciation
Oisposal of fixed asset
Chan8e in lair value of investments
161,81S
57.492
108.077
111.471
716
13
126.1171
243.775
169.679
Worklng capltal adJustments
IlncreaselldÈcrea5e in inventory
Iincreasel/decrease in debturs
Ioecrea5el in creditor5
Increa5e/ldecreasel in deferred income
Net cash flow5 frum optratlng artlvltle5
C85h flows from Investing activitle5
Purchase of tangiblE fixed assets
Disposal of fixed assets
Purchase of Investmepts
Net cash flows Irom investlng activitle5
Cash flows from financin8 artlvltles
Interest payable and 5ifflilar charBe5
Net Increase In ¢ash and cèsh Equlvaltnts
1,734
110,0431
122,9291
18881
137,553
16
17
17
159,6951
13.rJ471
332
181,365
13
121.9561
112,4161
1600.0001
1621.9561
112,4161
1440.5911
125.137
Openlng cash and c35h equivalents at l Aprll
Cash and cash equlv•lents at 31 Marth
747.957
307,366
622,820
747,957
23
AR of the cash flows are derived from ¢ontinuing operatiorb5 durin8 the above two periods.
Page | 19

Derwentside Hosplce Care Foundatlon
Notes to the Financial Statement5 for the year-ended 31 March 20Z3
Charity Statu5
The Charity is li￿lted by guafaniee, incorporated in England and Wales, and consequently does not have sha
iaplial. Each of the Trustees is liable to contrlbute an amount not exceedlng EIO towards the assets of ihe Charity
in the event of liquidation.
The address of Its re8lStered office is Willow 8urn Hospice. Hawden 8ank. Lanchester. Durham. DH7 OQS
Accountln8 Polirl•s
Summary 0151gnlfltant atcountlng poll¢les and keyaccountlnE e5tlm3tes
The prlnclpal accounting policies #pplied in the preparation of these financial statements are set out below. These
pollcies have been Consistently applied to all the years presented, unless othetwise stated.
statement ofcompllance
The financial sratements have been prepared in accordan￿ with Accountin8 and Reporting by Charltie5'. Statement
of Recommended Practice applicable to charities preparin8 their account5 In accordance wlth the Financial
Reporting standard applicable the UK and Republlc of Ireland IFRS 1021 (effective l January 20191- (Charitie5
SORP IFRS 10211, the Flnancial RepDrting StaThdard applicable in the VK and Republic of Ireland IF￿ 1021. They also
comply wilh the Companies Act 2(K)6 and Charities Act 2011.
38sls of preparatlon
Oerwentside H05pice Care Foundation meets the definition of a publlc benefit entlry under FRS IOZ. Assets and
liabilitles are Initlally recognlsed at h15Eorical cost or transaction value unless oiherwi5e stated In the relevant
accountlnB pollcy notes.
The presentation currency of the chafltable company Is 5terlln&
Golng roncèrn
The Charity meets its day-to-day worktng capital requirements ihiough cash generated from operations. The
Charity's forecasis and projpctlgn5 for the next twelve months show that the Charity should be able to contiThve irb
operational existence for that period, taklng into account posslble changes in their performance.
Havlng consldered the ¢yrrent cash forecasts of thè Charlty the Trustees have a reasonable expeciation that the
company has adequaie re50ur£es tD continue in operailonal existence for a period of at least 12 months frDrn the
date of signing tho5E financial 51a¢ements. The Charity therefofe eonbnues to adopt thè 8oing concern basis in
preparing its financial statements.
Pa8e | 20

Dep￿entside Hospice Care Foundation
Note5 to the Financial Statements for the year-ended 31 March 2023 Icontinued}
Accounting PDlicles Icontlnuedl
Estimutlon uncertointy uftdiudgements
The preparatlon of the financial statement5 requires mana8Ernent to rnakejud8ernents, e51imates and a5SUrnPtiDn5
that affect the amounts reponed. These estimates and judgements Bre continually reviewed and are based on
experience and other factors. including expectations of luture event5 that are belseved to be reasonable ursder the
circumstances.
Thejudgements (apart from those involving e5timationsl that management ha5 made in the piocess of applying the
entitV'5 accounting policles and thai have the most SiBnifJcant effect un the amounts iecognlsed in the financial
Statements are as follows..
Asse55ing indicators of impairment- In assessin8 whether there have been any indicators OF Impalment of assets,
the trusEe25 hove considered both external and Internal sources of information such as market conditions and
experience of reroverability. Whilst the property remains in the financial statements at its written down historic cost
150me É3.17ml the trv5tees recognise that this 15 on the basi5 ofjustifying ils value in use, whSth 15 likely to exceed
the vet recDverèble valup in the event that the Charity was not a 80ing concern ond needed to sell the property.
Accounting estimates and a55vmptions are made concerning the future and, by their natu￿. will rarely equal the
related actual outcome. The key as5UrnPtions and othersDurces of estimation uncertainty that have a significant risk
of causlng a material adjustrnent to the cairylng amount ol assets and liabllities wlthin ihe next finantial year are as
folltsws..
Depr￿latIon Is prolected to write off the cost of an asset, le5S Its iesidual value, over its estlmaied useful econornic
life. Rates used to project useful econom5c Ilfe are detailed In the depreclatlon accounting pollry.
ItKgme ondendowments
All In£orne is reco8nised once the Charity has enritlement to the income, it 15 probable that the income will be
recèived and the arnount Df the income receivable c3n be measured reliably.
Donotions ondlegocies
Donations are lècognised when the Charity has been notified In writing Df both the amount and settlLNnent date. I
the event thai a dunation is subject to conditions that require a level of performance by the Charity belore the
Charity Ts entitled to the funds. the income 15 deferred and nDi recogrni5ed until either those condltion5 are lully met,
or the lulfllment of those conditlons Iswhttllywirhln theionErol of Ehecharltyand it Is probable that theseiondilions
will be fulfilled in the Teporting period.
Legacy Blfts are reccenlsed on a case-by-case basls followin8 the grant of probate when the administratorlexecutor
lor the estate has communiiated In writbng both rhe amount and settlement date. In the event that the gift is in the
form of an asset orher than cash or a financlal a5sel traded on a reco8Thised Stock exchange, reco8nÈtion is 5ublecr
to the value of the gift being rellably measurable v4ith a de6ree of reasonable accuracy and the title to the a55et
having been transferred to the Charitv.
Gronts receivabl¢
Grants are recoBni5ed when the Chariryha5 an entltlemenl to the funds and anycondition5 linked to the grants have
been met. Where performance conditions are attached to the Erant and are yet to be rnet. the incorne is recognised
35 3 liability included on the balance Sheet a5 deferred income to be released.
Page121

Derwentside H05pice Care Foundation
Notes to the Finanaal Statements for the year-ended 31 March 20231continuedl
Attountin8 pollcles Icontinuedl
DeAerredincome
Deferred income represenis amounts réceived lorfuture perbods and 15 released to in¢omlng resources In the pertad
whld), it ha5 been recelved. Such incornÈ is only deferred when..
the donor specifies thai the grant or donation must only be used in future accouniln8 periods,- or
the donor has imposed performance conditions which must be met before rhe Chariry ha5 unconditional
ntitlement.
Expgndlture
All expenditure 15 recoenised once there Is a legal or constructive obligation io that expenditure, It IS Probable
settlement Is requlred and the amount can be measured reliably. All costs are allocated to ihe applicable expendlture
headin8 that aggregate sirnilar costs to that cate80ry. Where c05t5 cannot be direttly attrlbuted to partltular
headin8s they have been allocated on a basis consistent with the use of re50UTces, with centr31 staff cost5 allocated
on the basi5 01 time spent, and deprpciatlDn charges allDCatEd on the portion of the asset's lJ5e. Other support costs
are allocated based on the spread of staff costs.
R(•lslngfvnds
These are costs tncurred In attractin8 voluntary Incorne, the mafia8efflent of investrnents and those incurred in
trading aclivlties that ra5se funds.
Choritablff uitiviti*s
Charitable expenditure comprises those costs incurred by the Charity in the dellvery of Its actlvlties and Se￿iCe5 for
lis beneficlarie5. It includes both costs that can be allocated directly to Such activrtSes and ihose costs of an Indirect
nature nEce55ary to 5UPPOrt them.
5upportcosts
Support costs are those function5 that asslst the work of the Charity but do not directly undertake charltable
3Ctivities. Support Costs include back oFficÈ COSis, finaThce, per50nnèl. payroll and goverxancE C05t5 which support
the Charity's activities. These costs, which have not been diiectly apportioned, have been allocated between cost of
raising funds and expenditure on charitable atti¥ltle5. The bases on which support costs have been allocaied are set
out irtr the relevant note to the financial 5tatement5.
Toxatlon
The Charlty is considered to pasg the tesis Set out In Pafagraph I Schedule G OF Ihe Finance Acl 2010 and therefore
it meets the definltlon of a charttable Company for UK corporation tax PLtrposes. Accordingly, the Charity is
potentially exempi from taxation in respeciofincome or capital gains received within cate8ories covered by Chapter
3 Part 11 of the Corporation Tax Att 2010 or Section 356 of the Taxation of Chargeable Gain5 Act 1992, to the extent
that such income or gains are applied exclusivety to charitable Pufposes.
T•ngiblelixed ossets
Indlvidual fixed asseis costlng £500 or more are initialty recorded at cos¢.
Page122

Derwentside Hosplce Care Foundation
Notes to the Flnancial Statements for the year-ended 31 March 20231contlnued)
A¢¢ountln8 polldes l¢ontinvedl
Depreclatlon ond amortlsatlDn
DeprȢiation is provided on tan8ible fixed assets in order to wrlte off the t05t or valuation, less any estlmated
residual value, over their expected useful economic Ilfe as follows:
Asset class
Freehold land & buildin8$
Computerequipment
Flxiures, r￿ttin&S and equipment Inon-medicall
Flxture5, flttlng5 and equlpment Imedicall
Depreciation method and rate
2% strai8ht line
50% strai8ht line
ZO% straight Ilne
33% straight Ilne
A fttll year's depreclation is char8ed In ihe year arb asset Is purchased.
Tr#de debtors
Trade debiors are amounts due frorn customws for merchandlse sold or services performed In Ehe ordlnary course
ol business.
Trade debtors are recognised initiall¥ at the tran5act40n price. They are subsequen￿Y measured at amortised cost
Using the effective interest rnethod, le55 provision for impairment. A provision for the impairment of trade debtors
15 e5tabllshed when ihere is objective evidence that the Charity will not be able to collecl all amcunts due according
to the orlglnal terms of thè receivables.
Cash ond coshequivolents
Cash and cash equivalenis comprise tash on hand arnd call deposlls, and other short.iemi highly liquid inve5tment5
that are readily Convertible to a known amouTht of cash and are subject to an insignificant risk oFchan8e in value.
Twdecredltors
Trade credlior5 are tsbligaiion5 to pay for goods or ServI￿S that have been acquired in the ardinary Course ol
bu￿neSS froffl suppliers. Ac£ount5 payable arè classified as Cltrrent liabilities if the Charity does not have an
unconditional right. at the end ol the reporting period, to defer 5ettlemeTht of rhe Creditor for ar least twelve months
after Ihe reporting date. 11 there Is an unconditional right to defer settlement for aE least ￿e1ve months aftef the
reportlng date. they are presented a5 non-Eurrent liabblities.
Trade creditors are recogn15ed initially at the transactlon price and subsequently measured at amortised cost U51ng
the effective interest method.
FundstnKture
Unrestricted incorne funds are 8eneral funds that are available for use at the Truste25' discretion in Furtherance of
the obje¢tives of the Charitv.
Desl8nated lund5 are unrestrlcted fund5 set aside for spetific purposes at th2 dlscretion of the Trusiees. Resrricled
income are thi%e donated for use ifb a particular area or for speEific purposes. the use of which is restricted to
that area or purpose.
Pen5ion5 ond Dtherpost.retiremeRt obligotions
All eligible employees are automatically enrolled Inio a workplace penslon scheme provlded by DerwentsidÈ Hospice
Care Foundation. 5orne clinical stafl are member5 Df the NHS penslon scheme. cOntr￿￿tIOnS are charged to the
income and expendlture account as they become payable.
Page | 23

Derwentslde H05pice Care Foundation
Notes to the Financial 5tatement5 for the year-ended 31 March 20231contlnued)
Ac¢ountln8 pollcles lcontlnuedl
Investments
Investrnents in 5ubsidiarles and as50clates ale measured at cost lÈss Impairment.
Income frnrn donztlons and legacies
UnFestrfrtEd
lunds
General
fle51rirted
funds
Total
Total
2025
2022
Donations
le8acles
Gift Aid re¢lairned
Grant5
Regular giving and capital
donations
Government Grants- QFR5
Kickstart Scheme
56.152
239,39G
19.132
41,400
56.IS2
235.396
19.13Z
59.919
58091
108,120
21,375
139.677
18.519
12,711
IZ.711
113B9
548
23,856
42,375
23,8S6
411.166
358,791
351.000
Included under Grants- Restricted Fund5 (see Note 22115 the funding provided by HDspice UK to sustain this part of
the Healthcare sector through thè Covid-19 pandemit I£Ok'. 2022 £55kl. while normal operabons were restrlcted
and curtailed.
Income from charftable artlvltles
IlnfQStrlcted
funds
General
Total
TDkal
2023
Eozz
NHS contract
Addit%onal hospice incorne
562.793
6.309
569.102
562.793
6.309
569.loz
541.738
2,850
544,588
Income from other trading actlviile5
IJn￿$trIrted
funds
GEneval
Totsl
Total
2023
2022
Shop incorne from Sale of donated
goods and services
Other event5 incorne
Cafe and merchandise income
Other income
222,937
123.846
77,084
7.299
431.166
222.937
123.846
77.084
7.299
431.166
181,627
87,897
52,701
26,046
348,271
In 2022, Other Incorne Includes a 5ettlernent of a bu5ine55 interruptson clalrn by our insurers to co¥Jer lost revenues
nd profit l£1,081, from retail activities) because of disruption due to Storm Arwen.
Page | 24

Derwentside Hospice Care Foundation
Notes to the Financi315tatements for the year-ended 31 March 20231continued)
6. Unreallsed galns on Miveslments
Unrestrtrted
lumds
General
Total
Total
2021
2022
Unreallsed galns on investments
26,117
26.117
A Charltles Ethical Investment Fund portfolio account was opeThed with CCLA on 19° May 2022 with E600.000
being deposited into the Invemment portfollo. The movement on the initral investment from the date of deposlt to
the balance at the year-end is shown above.
7. EMpendltUTe on ralslng fvnd5
Ilnrestrltted
lunds
Aestficted
funds
Total
Toial
2023
2022
Employment C051$
Other costs
175.747
104.103
279,850
175.747
IQ4,103
279.85D
109,780
114,260
Z24,040
The employrnent Costs for 2023 include the Klckstart programme employee5.
8. E¥pendlture on charltable artivitles
Unresiricted
lunds
Restrltted
lunds
Total
2023
Total
2022
Charitable actlvity cost5
siaff costs
loss on dbsposal of fixed a55et
Support costs
258,233
499,573
3.000
54,396
261,233
553.969
209,778
557.520
716
194313
562,YZ7
180.684
938.490
180,684
995,886
57.396
Page125

Derwentside Hospice Care Foundation
Notes to the Flnancial Statements for the year-ended 31 March 2023 Icontinuedl
Analyst5 of sUPPOrt C05t5
Denventside Hosplce Care Foundation allocates cost5 dirert to activitie5 as far a5 Possible, then identifies ihe
remaining c05t5 olits supportfunctlons. It then identifies ih05e costs whith relate 10 the governance function. Having
idèntified its governance costs, the remaining support C051S together wlth the goverThancE Eosts are apportloned
befvseen the key charitable activifie5 und?rtaken in the year. Refer to ihe table below lor the apportioThrnent and
analysis of support and Bovernance cost5.
Support Costs allocated to charitable activlties
G￿erManCe
costs
other
5tipport fV5ts
Total
Total
ZO23
2012
Staff tosts
Insurance
IT<ost5
Pfofessi¢nal cost5
Audit fee
135,426
22.376
24.970
9,812
135,426
22.376
24,970
9.B12
8.200
I80.684
126,303
20.476
21.258
17.076
7.200
194.313
8,200
8,200
172,484
9. Tajtatlon
The charlty Is a reglstered charity and 15 therefore exemptfrom corporate taxation.
Page | 26

Derwentside H05pice Care Foundation
Notes to the Financial Statements for the year-ended 31 March 2023
(contiftuedl
10. Trustees, remuneratlon and expenses
ND tru5tee5, nor any pefsons connected with Ehem. have received any rernuneration from the tharity durinB the
vear.
No tru5tee5 have received any feimbursed expenses Irorn the charlty durlng the year.
IL Staff costs
The aggregate payroll costs were a5 follows=
Total
Tothl
Z023
2022
staff costs durlng th• year were
Wage5 aThd salaries
Social 5pcurity costs
Pension costs
7B6,514
54,738
12,353
853.605
731,371
49.318
12.915
793.504
The monthly average nurnber of persons1Sncludtn8 5eniof mall￿ement team) employed by the tharity durin8 the
year wa5 as fallow5'.
Total
20Z3
Management
Other staff
45
34
49
38
The average number of full-time equivalent ernployee5 included above Is 1612022: 161. Derwentside Hospi
Care Foundation adopt5 a Nexible workinK policy whlch enable5 employee5 to request chanBe5 to their contracted
hour5 to facllilate their physlcal and mental well-being to rnalntain a good worklllfe balan￿.
No employee reoived emolurnents ofmore than £60.01￿ duFing the year12022- None).
The total employee benefits of the key management personnel of the charity were £15S.15212022 - É142,2211.
12. Auditorfs iernuneratlon
2023
2022
Audit fee
8.200
7.200
Page127

Derwentslde Hosplce Care Foundation
Note5 to the Financial Statements for the year-ended 31 March Z023
qcontlnued)
13. Tan8lbl4 flx*d assets
land and
bulldlny
F￿rnI1¥re and
equlpment
rotal
Cost
Af l Aprll 2022
AdditlOaS
Disposa15
At 31 March 2023
3,591,014
525,95S
21,956
12.2801
545,631
4,116,969
21.956
12,2801
4.136.645
3,591,014
Depreciation
At l April 2022
Char8e for year
Dlsposals
At 31 March 2023
361,891
62,739
472.400
45,338
12,2801
515,458
834,291
108.077
12,2801
940,088
424.630
Net book value
At 31 MaT¢h 2023
3.166.J84
3.229,123
30,173
S3,555
3,196,557
3,282,678
At 31 March 2022
There is a time-bound, legal thar8e over 311 buildings, fixtures and fittlngs and fixed plant and mathinery that are
sltuated OD or lorm pan olthe freehold land and buildin8S at Howden Bank, Lanchester, Durharn which is regisiered
at the Land Registry under Title Number DU328389 ènd each and every part thereof subject to the encumbrances
referr2d to in the regi51ered tille at any time: the pro¢eeds of the Sale of any parr of the Property and any other
monles paid Dr payable in respect of OT In connection with the Property, the benefit of any covenanis for title given,
or enrered Snio, by any predècessor title of Ehe Reciplent in Tespett of the Property, and any monle5 paid or
payable in respect of those ¢ovenants,' and all rights under any Ilcence, a8reement for sale OT alreement for lease in
respect of the Property Isee Note 201.
14. Investment In subsldlary
2023
2022
Other Investmènts
Hazplbroo
Specla15si
Care
Total
Cost
At l April 2022
Al 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
Hazelbrook Specialist Care ar Home Ltd IHSCHI is a wholly ow￿ed Subsidiary tradiw>g cornpaNy of D£￿entSide
Hosplce Care Foundation IIOO% ordlnary sharesl. HazelbTod( Speciallst Care at Home Ltd is a dormant entity and as
such, consolidared accounts have noi been prepared in 2023.
Page | 28

Derwentside Hosplce Care Foundation
Notes to the Financial Statements for the year-ended 31 March 2023
Icontinuedl
15. Investments
2023
AS at l April
Additions
Change in Market Value
As at 31 Marth
600,000
16. Debtors
2021
20ZZ
Trade debtofs
Prepayments
Accrued income
VAT iecoverable
9,464
31,839
147,400
6.049
194,752
34,481
30,386
63.118
7.OY2
135,057
lfitluded In Accrued income are legacy donatirms of ÉIIS,00012022.' £nlll notified to us prior to the year end and
received In April 2023.
17. Credltors
1023
zz
Trade creditors
Other taxatlon and soclal 5ecurtty
other credltors
ruals
Delerred Income
9.961
14,209
5,131
21,42>
1,465
52.189
8,667
15,404
8,361
21.339
1.133
54.904
Deferred income at l Aprll 2022
Resources deferred in the period
Amounts ￿leaSed from prevlous perlod5
Deferred income at year end
1,133
1,465
11,1331
1.465
2,021
1.133
12,0211
1,133
other creditors include £497 of inter-cornpany loan. owing to Hazelbrook Speclalist Care at Home Llmired. Thls
company Ss currently dormaTht, and there are no interest or repayment Conditions attached to thi5 Surn.
Page | 29

DerwÈntside H05pice Care Foundatlon
Notes to the Financial Statements for the year-ended 31 March 2023
Icontinued)
18. Obll8atlon5 under lease and hlre purtha5? contracts
Operatln8 lease£ommitrnent5
Total future minirnum lease payments under non-cancellable operatin8 lease5 are as follows..
Land &
bulldlngs
other
ZOZ3
2022
Within one year
Between onE and fwe year5
Over five years
38.792
120,833
81,542
241,167
4.234
700
43,OZ6
121,533
81,542
246,101
45,433
138,531
108.046
292.010
4,934
19. Pen51on and other schemes
Deflned contrlbutlon penslonscheme
The charity operate5 a definèd contribution pension scheme. The pension cost chafge for the year represents
contiibutions payable by the charity to the scheme and amounted to £12.35312022 £12,9151.
Contributions included In uedltors lotalling £4,63512022.. £7,864) were payable at the end tsl the period.
ZO. Contlngent Ilabllltles
Included a5 a restrlcted ￿serve Is a grant received in 2019 of £1,500,000 from Michael McArdle. Until May 2039 the
charity has agreed to meet the conditlon5 of the contratt for receivlng the grant. Should any of the conditlOn5 be
breached. thertr the Erant would be repayable. The repaymerbl term5 5tipulatE that thbs would be a full repayment of
the grant in years one to eleven15ubject to any decrease In the overall fair value of the Helen McAYdle Win& if
lowèr). with Ihe repayment then reducin8 by IO% each subsequent year up to year twenty of the agreement.
Zl. Analysls of net assÈt5 between fund5
Unrestdrted
lund5
Gerteral
Restricted
lunds
Total funds
DÈ55snated
Tangible flxed assets
Fixed asset investments
Net current 3SSet5
Total net assets
1.696,557
1,500,000
3.1￿.557
772,617
ZI472.604
300.000
30D.000
3,429
1.503.429
1,076,046
4,272,604
Tangible fixed assets shown beiween unrEstricted and restricted funds ale subject to a legal charge as detailed ITh
the fixed asset npte and note 22. Furrher details of the split between Fund5 are given in ihe conlingent liabilities
note.
The trustees only con5ideithe fixed assets to be restricred due iothe legal charee in placeand have therefore rapped
the value allocaied as restricted at the original grant value awarded ol £1.5 million.
Page | 30

Derwentside Hospice Care Foundation
Notes to the Finandal Statements for the year-ended 31 March 2023
(continued)
Cornpttrntlveuholysls
Unvesirfrtgd
lunds
General
Restrlrted
funds
rot4lfunds
Desl8hated
Tanglble fixed asset5
Flxed asset inv25tments
Net current asset5
fotal net 355ets
1,782,678
1,500,000
3,282.678
604,660
2.387339
205,000
205,OOD
18,450
1,518A50
828.110
4,110,789
2Z. Funds
Balance at
l April 2022
Inrornln8
resources
Aesources
EApendEd
Translef5
Balance at 31
March 2023
Unrestricted Funds
General
Gen2ral fund
Contingent Liabi1Stles
Development Fund
Total uniestricted funds
2,387,33Y
Z05,OlXI
1,395,176
IL218,3401
195.0001
2,469.175
105.0(KJ
95.000
2,769,175
95,000
1.592,339
1,395,176
11,218,340>
Restrlcted funds
Hospice at Home
Derwent Valley AAP
Other Granls less tha
EIO,000 Ibll from 20221
Kickstan Scheme
St Jame5 Place
Mid Durham AAP
Co-op Communlty
Fund
Grace Trust
2,135
2,687
13,628
12,1351
12,6871
113,62BI
23.856
2.500
500
4.490
123,8561
12,5001
15001
14,4901
1,000
11.0001
Hospice UK
NHS INENCI & ICB
6,600
3,429
16.6001
4,429
Mlchael McArdle
1.5QO.LW)O
I,SOO.t)00
Total restricted funds
1.518,450
42,375
157,3961
I,S03,429
Total lund5
4,110,789
1,437,551
11,275.7361
4,272,604
Unrestrlrted Fund5
The Centlngent Liabilitles, ReservE and the Development lund are designated lund5. The contin8eni liabilitv
represents fund5 to cover adverse trading condit10ft5 and increases in the cost of living. The development fund are
monies Set aside as agreed kiy thè board wSth the intention ol being Spent on plans for the future incluclin8 service
development and green initiativEs to make the hospice even rnore eco-friendlv.
Page | 31

Derwentslde Hosplce Care Foundatlon
Notes to the Financial Statement5 for the year-ended 31 March 2023
(continued)
Restrided Funds
HospleÉ at Hume Fund
Funds restricted for the purpose of setting up and supportin8 theg¥owth Dlthe h05plce at home service.Theservices
delivered through Hazelbrook Specialist Care at Home ceased on 3 December 2017 and these rernainin8 funds have
been used to cov2r the cost (yf conducting regular ielephane welfare checks after patients have tjeen dlschor8ed to
their hDmes after stayin8 at our lTh-patlent unlt.
Den•￿￿t Valley AAP
Derwent Valley AAP funded the overheads and supporting costs IOT ihe Children's Beieavement Servi¢e for eight
months of the financial year 202112022.
Funds Itontlnuedl
Mlchael McArdle
A dor*ation was made in 2019 of El,450,000 (following an earlier Instalrnent of ESO.0001 lo fund the buildlng of the
McArdle Wlng. The asset valuation Is rèduced annually by the depre£iatlDn charge incurred on the works and
currenrly stands at El,380,127 Itot31 cost £1,533.4741. Followlng slgnature of grant agreements, the donation
clawback remains restricted lup to a value of El.S00,000,' see Note 201 for a total period of 20 years through to 31
May 2039 when the restrictlon ends. after which time the remalnlng asset will be de-res(ricted and tran5fefred to
unrestrtcled rEser¥e5.
ckstart Scheme
The hospice particapted in thè Kick5tart scheme. The DWP funded salarles of y04tng people EalnlnE some valuable
work experien￿ in order to better enable them to secure lon8 term employrnent and to slop clalmlng J5A.
Stjames Pl/¢e & Mld Durham AAP
St James Place awarded us E2,500 towards the c05t of a Childrens play cottage lor our gaiden, where children's
counsEllin8 can take place outdoors to maKtmi5e children's engaBement and partitipation. Mid Ourharn AAP
awarded us E500 toward5 thE cost of a mud kiichen to further encourage play and participation during coyn5elling
sessions
Co-op CommunSty Fund
Contribution towards the 5alaTies for the running of Day Servlces.
Grace Trust
We were awarded £IOOO towards the salary cost of our compllmenEary thwaplst durln8 2022123.
Hosplce UK
Thi5 8rant was 115ed to cover the Salary tosts of our RGN. KA and Compllmentary therapist lor one day a week,
provldlng 5er¥ices for ihe carers of Dur Day-patients under thelr'SuppDTting Carers In County Ourhèm. scheme.
NHS INE&NCI & IC8
These funds were received in March 2023 aTrd will be used to deliver per50nalised wellbeing support for youn8
people through bereavement counselling.
Page | 32

Derwentside Hospice Care Foundation
Notes to the Financial Statements for the year-ended 31 March 2023
(continued)
alart￿ at
IAwll 2021
Inromlng
re5ource5
Resour<es
expended
TransfeFS
Balance at 31
M•r¢h 2022
Unresirlcted funds
General
General fuThd
Contingeni liabillties
Total unrestricted funds
2316,818
187,000
503.818
1.154,796
11,098.3501
14,075
18,000
31075
Z,387,339
2QS,000
2,592A39
1.154,796
11.098,3501
Restricied funds
Day Hosplce
Hospice at Home
Mld-Durham AAP
Sir Jame5 Knott Trust
Derwent Volley AAP
Hospice UK
Other grants le5S than
ElO,000
5.205
2.135
9.896
IS.2051
Z,135
19,8961
lio.0001
18,4921
10,000
11.179
54,742
687
154,7421
31243
13.142
123,7541
18.CP)31
13,628
Michael MrArdle
i.s(M).000
130,6701
30.670
1.500,000
Total Festricied fund5
1.549.479
89,063
188,0171
132,0751
1.518.fj50
Total Funds
4.053,297
1,243,859
11,186,367)
4,110.789
23, Analyslsof movement In net fund5
At l April
2022 tssh Ilow
At 31 M3rch
20Z3
Olher
Cash at bank and tn hand
Net fund5
747,957
747,957
185,526
185,526
1626,1171
307,366
307,336
Compa￿11¥e onulys15
At l April
2021 Cash flow
At31 Marth
2022
Other
Cash at bank and in hand
Net funds
622,820
622,820
125.137
125.137
747,957
747,957
Z4. A•latod partyiransartion5
Theie is nothing to report in respect of related party transactions.
Page | 33