2022-03-31-accounts - St Kentigern Hospice

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			Page
Report ofthe	Trustees	1	to	6
Report ofthe	Independent Auditors	7	to	9
Consolidated	Statement ofFinancial Activities		10
Consolidated	Balance Sheet
Charity Balance Sheet			12
Consolidated	Cash Flow Statement		13
Notes tothe	Consolidated Cash Flow Statement		14
Notes tothe	Financial Statements	15	to	26
Detailed Statement ofFinandal Activities		27	to	28

						2022	2021
				Unrestricted	Restricted	Total	Total
				fund	funds	funds	funds
			Notes	f	f	f.	f
INCOME AND ENDOWMENTS		FROM
Donations and legacies				448,216	7,875	456,091	555,132
Charitable activities
Raising funds				845,861	22,150	868,011	1,519,800
Other trading activities				846,351		846,351	572,844
Investment income				292		292	847
Other income				83,177	P9)	83,098	227,668
Total				2,223,897	29,946	2,253,843	2,876,291
EXPENDITURE ON
Raising funds				745,551		745,551	622,378
Charitable activities
Charitable activities				1,735,976		1,735,976	1,581,052
Other expenditure				181,506	64,860	246,366	268,501
Total				2,663,033	64,860	2,727,893	2,471,931
NET INCOME/(EXPENDITURE)				(439,136)	(34,914)	(474,050)	404,360
Other recognised gains/(losses)
Gains on revaluation	offixed assets			73,955		73,955	297,200
Net movement in funds				(365,181)	(34,914)	(400,095)	701,560
RECONCILIATION OF	FUNDS
Total funds brought	forward			5,728,321	492,500	6,220,821	5,519,261
TOTAl FUNDS CARRIED FORWARD				5,363,140	457,586	5,820,726	6,220,821

					2022	2021
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
		Notes	f	f	f	f
FIXEDASSETS
Tangible assets		18	3,161,601	457,587	3,619,188	3,740,869
Investments		19	1,480,493		1,480,493	1,406,538
			4,642,094	457,587	5,099,681	5,147,407
CURRENT ASSETS
Debtors		20	429,250		429,250	650,916
Cash at bank			599,399		599,399	794,526
			1,028,649		1,028,649	1,445,442
CREDITORS
Amounts falling due	within one year	21	(158,304)		(158,304)	(372,028)
NET CURRENT ASSETS			870,345		870,345	1,073,414
TOTAL ASSETS LESSCURRENT LIABILITIES			5,512,439	457,587	5,970,026	6,220,821
CREDITORS
Amounts falling due	after more than one year	22	(149,300)		(149,300)
NET ASSETS			5,363,139	457,587	5,820,726	6,220,821
FUNDS		25
Unrestricted funds:
General fund					5,363,139	5,728,321
Restricted funds:
Capital expansion	fund				457,587	492,500
TOTAL FUNDS					6,820,226	6,220, 821

					2022	2021
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
		Notes	f	f	f	f
FIXEDASSETS
Tangible assets Investments		18 19	3,161,601 1,480,493	457,587	3,619,188 1,480,493	3,740,869 1,406,538
			4,642,094	457,587	5,099,681	5,147,407
CURRENT ASSETS
Debtors Cash at bank		20	436,514 535,804		436,514 535,804	667,113 709,877
			972,318		972,318	1,445,442
CREDITORS
Amounts falling due within one year		21	(102,105)		(102,105)	(303,720)
NET CURRENT ASSETS			870,213		870,213	1,141,722
TOTAL ASSETS LESSCURRENT LIABILITIES			5,512,307	457,587	5,969,894	6,289,129
CREDITORS
Amounts falling due after more than one year		22	(149,300)		(149,300)
NET ASSETS			5,363,007	457,587	5,829,594	6,289,129
FUNDS		25
Unrestricted funds:
General fund Restricted funds:					5,363,007	5,728,189
Capital expansion	fund				457,587	492,500
TOTAL FUNDS					5,820,594	6,220,689

			for the year ended	31March 2022
				2022	2021
			Notes	f	f
Cash flows from operating activities Cash generated from operations				(137,165)	(31,955)
Net cash used in operating activities				(137,165)	(31,955)
Cash flows from investing activities Purchase oftangible fixed assets Sale oftangible fixed assets Sale offixed asset investments Interest received				(55,564) 4,100 292	(73,922) 450,000 847
Net cash (used in)/provided by investing		activities		(51,172)	376,925
Cash flows from financing activities New loans in year Loan repayments in year interest on loan repayments				(8,057) 1,267	200,000
Net cash (used in)/provided by financing		activities		(6,790)	200,000
Change in cash and cash equivalents reporting period	in	the		(195,127)	544,970
Cash and cash equivalents atthe beginning the reporting period			of	794,526	249,556
Cash and cash equivalents atthe end reporting period	ofthe			599,399	794,526

RECONCILIATION	OF NET (EXPENDITURE)/INCOME	OF NET (EXPENDITURE)/INCOME	OF NET (EXPENDITURE)/INCOME	TO NET CASH FLOW FROM OPERATING	TO NET CASH FLOW FROM OPERATING	ACTIVITIES
						2022	2021
						f	f
Net (expenditure)/income		for the reporting	period	(asper the Statement	of
Financial Activities)						(474,050)	404,360
Adjustments for:
Depreciation charges						174,603	166,314
Profit on disposal	offixed assets					(1,460)
Interest received						(292)	(847)
Decrease/(increase)	in debtors					221,666	(535,231)
Decrease in creditors						(57,632)	(66,551)
Net cash used in operations						(137,165)	(31,955)
ANALYSIS OF CHANGES IN		NET FUNDS
				At 1/4/21		Cash flow	At 31/3/22
					f	f	f
Net cash
Cash at bank					794,526	(195,127)	599,399
					794,526	(195,127)	599,399
Debt
Debts falling due within 1year					(200,000)	156,091	(43,909)
Debts falling due after 1year						(149,300)	(149,300)
					(200,000)	6,791	(193,209)
Total					594,526	(188,336)	406,190

DONATIONS	AND	AND	LEGACIES	LEGACIES	LEGACIES
							2022 f	2021f
Donations							250,756	236,915
Legacies							205,335	318,217
							456,091	555,132
OTHER TRADING		ACTIVITIES
							2022	2021
							f	f
Fundraising events							104,416	83,398
Shop income							428,980	167,630
Lottery							306,207	314,211
Support groups							6,748	7,605
							846,351	572,844
INVESTMENT	INCOME
							2022	2021
							f	f
Investment income							292	847
INCOME FROM CHARITABLE ACTIVITIES
						Activity	2022 f	2021f
Grants						Raising funds	868,011	1,519,800
Grants received,		included			in the	above, are as follows:
							2022	2021
							f	f
Local Health Boards							464,946	189,025
Welsh Assembly		Government						97,140
Trust and charitable				grants			381,832	1,080,145
Job Retention	Scheme						21,232	153,490
							868,010	1,519,800
RAISING FUNDS
Raising donations			and legacies
							2022	2021
							f	f
Staff costs							376,760	235,314
Goods for resale		5shop costs					225,105	255,089
Van costs							8,639	5,108
Office costs							27,479	23,075
Lottery prizes							93,600	93,600
Lottery costs							13,968	10,192
							745,551	622,378

				Notes tothe Finandal Statements - for the year ended 31March	Notes tothe Finandal Statements - for the year ended 31March	continued 2022
7.	CHARITABLE			ACTIVITIES COSTS
							Support
						Direct	costs (see
						Costs f	note 8) f	Totals f
	Charitable		activities			1,735,976		1,735,976
	Other expenditure					192,991	53,375	246,366
						1,928,967	53,375	1,982,342
8.	SUPPORT	COSTS
							Governance
					Finance	Other	costs	Totals
					f	f	f	f
	Other expenditure				8,875	40,000	4,500	53,375
	Support costs, included				in the above, are as follows:
	Finance
							2022	2021
							Other	Total
							expenditure f	activities f
	Bank charges						4,064	1,294
	Loan interest						4,811
							8,875	1,294
	Other
							2022	2021
							Other	Total
							expenditure f	activities f
	Management			wages			40,000	30,600
	Governance			costs
							2022	2021
							Other	Total
							expenditure f	activities f
	Auditors'	remuneration					4,500	3,714
9.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)				is stated after charging/(crediting):
							2022	2021
							f	f
	Auditors'	remuneration					4,500	3,714
	Depreciation			- owned assets			174,605	166,315
	Surplus on		disposal ofAxed assets				(1,460)

	2022	2021
	E	E
Wages and salaries	1,698,547	1,580,891
Social security costs	140,799	131,611
Pension costs	116,274	123,116
	1,955,619	1,824,217

	2022	2021
Administration	5	6
Hospice operations	67	60
Fundraising	13	11
	85	77

COMPARATIVES FOR THE STA	TEMENT OF FINANCIAL A	CTIVITIES
		Unrestricted	Restricted	Total
		fund	funds	funds
		f	f	f
INCOME AND ENDOWMENTS	FROM
Donations and legacies		555,132		555,132
Charitable activities
Raising funds		1,438,006	81,794	1,519,800
Other trading activities		572,844		572,844
Investment income		847		847
Otherincome		227,668		227,668
Total		2,794,497	81,794	2,876,291
EXPENDITURE ON
Raising funds		622,378		622,378
Charitable activities
Charitable activities		1,581,052		1,581,052
Other expenditure		214,492	54,009	268,501
Total		2,417,922	54,009	2,471,931
NET INCOME		376,575	27,785	404,360

COMPARATIVES FOR THE STATEMENT OF FINANCIAL A	CTIVITIES - continued
	Unrestricted	Restricted	Total
	fund	funds	funds
	f	f	f
Transfers between funds	69,678	(69,678)
Other recognised gains/(losses)
Gains on revaluation offixed assets	297,200		297,200
Net movement in funds	743,453	(41,893)	701,560
RECONCILIATION OF FUNDS
Total funds brought forward
As previously reported	4,923,024	69,678	4,992,702
Prior year adjustment	61,844	464,715	526,559
As restated	4,984,868	534,393	5,519,261
TOTAL FUNDS CARRIED FORWARD	5,728,321	492,500	6,220,821

			2022	2021
			f	f
Donations and legacies			456,091	555,131
Other trading activities			102,591	147,283
Investment income			292	847
Grants			839,293	1,243,396
Other income			83,098	164,108
			1,481,365	2,110,765
Expenditure on fundraising			(316,854)	(267,740)
Expenditure on charitable		activities	(1,735,976)	(1,712,025)
Support costs			(242,858)	(34,809)
Net gains/(losses) on investments			73,955	297,200
Net incoming resources	—surplus/(deficit)		(740,368)	393,391

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The trading results ofSt Kentigern	Promotions			Limited, as extracted from the financial statements, are summarised below:
							2022	2021
							f	f
Lottery income						306.207		314,211
Donations							8.573	7,280
						314.780		321,491
Expenditure on fundraising						(118,865)		(114,781)
Net surplus							195,915	206,710
Donation to hospice						(195,915)		(206,710)
Retained in subsidiary
The assets and liabilities ofthe subsidiary			were:
Current assets							54,021	51,382
Current liabilities							(53,891)	(51,252)
Total net assets/(liabilities)							130	130
Aggregate share capital and reserves							130	130
FINANCIAL PERFORMANCE OF STKENTIGERN TRADING LIMITED
St Kentigern Hospice owns the	entire	share		capital of St Kentigern Trading	Limited	(company no. 03265016), which
operates the trading activities on behalf			ofthe	hospice in the form of charity shops and		donates its profits to		the hospice
on an annual basis.
The trading results ofSt Kentigern	Trading		Limited, as extracted from the financial		statements,		are summarised	below:
							2022	2021
							E	f
Income						457,698		444,036
Expenditure on fundraising						(419,540)		(342,222)
Support costs							(1,368)	(355)
Net surplus							36,790	101,459
Amount donated to St Kentigern	Hospice						(36,790)	(101,459)
Retained in subsidiary
The assets and liabilities ofthe subsidiary			were:
Current assets							45,248	146,046
Current liabilities							(45,246)	(146,044)
Total net assets/(liabilities)
Aggregate share capital and reserves

TANGIBLE FIXEDASSETS
	Leasehold		Technology
	land and	Leasehold	and
	buildings f	improvements f	equipment f
COST
At 1April 2021	912,004	2,941,938	102,067
Additions		13,662	28,046
Disposals			(1,677)
At 31March 2022	912,004	2,955,600	128,436
DEPRECIATION
At 1April 2021	532,277	91,749	31,036
Charge for year	22,800	73,835	21,296
Eliminated on disposal			(504)
At31March 2022	555,077	165,584	51,828
NET BOOK VALUE
At 31March 2022	356,927	2,790,016	76,608
At 31March 2021	379,727	2,850,189	71,031
	Fixtures
	and	Motor
	fittings	vehicles	Totals
	E	E	E
COST
At 1April 2021	646,498	63,957	4,666,464
Additions	13,856		55,564
Disposals	(415)	(11,625)	(13,717)
At 31March 2022	659,939	52,332	4,708,311
DEPRECIATION
At 1April 2021	242,140	28,393	925,595
Charge for year	48,065	8,609	174,605
Eliminated on disposal	(73)	(10,500)	(11,077)
At 31March 2022	290,132	26,502	1,089,123
NET BOOK VALUE
At 31March 2022	369,807	25,830	3,619,188
At 31March 2021	404,358	35,564	3,740,869

			Investments
			f
MARKET VALUE
At 1April 2021			1,406,538
Unrealised investment	gains		73,955
At 31March 2022			1,480,493
NET BOOK VALUE
At 31March 2022			1,480,493
At 31March 2021			1,406,538
There were no investment		assets outside the UK.
All investments ofthe	group are held within the hospice.

			Group	Hospice	Group	Hospice
			2022	2022	2021	2021
			E	E		E
Trade debtors			104,103	104,103
VAT			7,574		19,226
Prepayments			46,807	23,905	32,675	10,248
Sundry debtors			270,764	265,567	599,015	656,876
Amounts owed to group		undertakings		42,939
			429,250	436,514	650,916	667,124
Debtors are all receivable		within one year
CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
			Group	Hospice	Group	Hospice
			2022	2022	2021	2021
			E	E	E	f
Trade creditors			11,479	7,746	23,502	1,360
Accruals			7,604	5,426	50,526	49,906
Deferred income					52,546	10,000
PAVE liability			48,633	45,023	45,454	42,454
Other creditors			46,675		37,917	37,917
Bank loans			43,909	43.909	200,000	200,000
			158,300	102,104	372,078	341,637

CREDITO	R	S: AMOUNTS FALLING DUE AFTER MO	RE THAN ONE	YEAR
							2022	2021
							f	f
Bank loans		(see note 23)					149,300
			Group		Hospice		Group	Hospice
				2022		2022	2021		2021
			f		f		f	f
Bank loans			149,300		149,300
			149,300		149,300
LOANS
An analysis		ofthe maturity ofloans is given below:
							2022	2021
							f	f
Amounts	falling due within one year on demand:
Bank loans							43,909	200,000
Amounts	falling between one and two years:
Bank loans		—1-2years					43,909
Amounts	falling due between two and five years:
Bank loans		- 2-5years					105,391
The bank	loan was taken out during the prior year in response			to the uncertainty		surrounding	the COVID-19	pandemic	and
future funding. The loan started being repaid during the year.
LEASING	AGREEMENTS
Minimum		lease payments under non-cancellable	operating leases fall due as follows:
							2022	2021
							f	f
Within one year							1,703	1,973
Between	one and five years						1,638	3,265
							3,341	5,238

MOVEMENT IN FU	NDS GRO	UP
									Net
									movement	At
								At 1/4/21	in funds	31/3/22
								f	f	f
Unrestricted funds
General fund								5,728,321	(365,182)	5,363,139
Restricted funds
Capital expansion	fund							492,500	(34,913)	457,587
TOTAL FUNDS								6,220,821	(400,095)	5,820,726
Net movement in funds, included			in the		above	are	as follows:
							Incoming	Resources	Gains and	Movement
							resources f	expended f	losses f	in funds f
Unrestricted funds
General fund							2,223,897	(2,663,034)	73,955	(365,182)
Restricted funds
Capital expansion	fund						29,946	(64,859)		(34,913)
TOTAL FUNDS							2,253,843	(2,727,893)	73,955	(400,095)
Comparatives for	movement	in	funds
							Prior	Net	Transfers
							year	movement	between	At
				At 1/4/20 f			adjustment f	in funds f	funds f	31/3/21 f
Unrestricted funds
General fund				4,923,024			61,844	673,775	69,678	5,728,321
Designated fund					69,678				(69,678)
Restricted funds
Capital expansion	fund						464,715	27,785		492,500
					69,678		464,715	27,785	(69,678)	492,500
TOTAL FUNDS				4,992,702			526,559	701,560		6,220,821
Comparative net movement		in funds,		included		in the above are as		follows:
							Incoming	Resources	Gains and	Movement
							resources f	expended f	losses f	in funds
Unrestricted funds
General fund							2,794,497	(2,417,922)	297,200	673,775
Restricted funds
Capital expansion	fund						81,794	(54,009)		27,785
TOTAL FUNDS							2,876,291	(2,471,931)	297,200	701,560

									Net
									movement	At
								At 1/4/21	in funds	31/3/22
								f	f	f
Unrestricted funds
General fund								5,728,189	(365,182)	5,363,007
Restricted funds
Capital expansion		fund						492,500	(34,913)	457,587
TOTAL FUNDS								6,220,689	(400,095)	5,820,594
Net movement	in	funds, included		in the above		are	as follows:
							Incoming	Resources	Gains and	Movement
							resources f	expended f	losses f	in funds f
Unrestricted funds
General fund							2,223,897	(2,663,034)	73,955	(365,182)
Restricted funds
Capital expansion		fund					29,946	(64,859)		(34,913)
TOTAL FUNDS							2,253,843	(2,727,893)	73,955	(4DD,D95)
Comparatives for		movement	in funds
							Prior	Net	Transfers
							year	movement	between	At
					At 1/4/20		adjustment	in funds	funds	31/3/21
					f		f	f	f	f
Unrestricted funds
General fund					4,922,892		61,844	673,775	69,678	5,728,189
Designated fund					69,678				(69,678)
Restricted funds
Capital expansion		fund					464,715	27,785		492,500
					69,678		464,715	27,785	(69,678)	492,500
TOTALFUNDS					4,992,570		526,559	701,560		6,220,689
Comparative net	movement		in funds,		included	in the above are as follows:
							Incoming	Resources	Gains and	Movement
							resources f	expended f	losses f	in funds f
Unrestricted funds
General fund							2,794,497	(2,417,922)	297,200	673,775
Restricted funds
Capital expansion		fund					81,794	(54,009)		27,785
TOTALFUNDS							2,876,291	(2,471,931)	297,200	701,560