##
##
|Trustees||David Brown|||
|---|---|---|---|---|
|||Margaret
Hynes|||
|||Roger Garnes|||
|||Francesca Chapman|||
|||David Walker|||
|||Giles Williams|||
|||Angela
Brown|||
|||Matthew
Davies|||
|||Nicola Alden|||
|||David Lawson|||
|Chief executive officer||Helen McVey|||
|Secretary||Roger Comes|||
|Charity number||700993|||
|Company|number|02280991|||
|Registered|office|Pendleside
Hospice|||
|||Colne Road|||
|||Reedley|||
|||Burnley|||
|||Lancashire|||
|||BB102LW|||
|Auditor||PM+M Solutions for Business LLP|||
|||New Century|House||
|||Greenbank
Technology||Park|
|||Challenge
Way|||
|||Blackburn|||
|||Lancashire|||
|||BB15QB|||
|Investment|advisors|James Brearley &Sons|||
|||7 South Preston Office||Village|
|||Cuerden
Way|||
|||Bamber Bridge|||
|||Preston|||
|||PR5 6BL|||
|||Close Brothers Asset Management|||
|||5th Floor|||
|||80 Mosley Street|||
|||St Peter's Square|||
|||Manchester|||
|||M2 3FX|||
##
|||Page|
|---|---|---|
|Trustees'
report|||
|Statement of trustees'|responsibilities||
|Independent
auditor's|report||
|Statement
offinancial|activities|16|
|Balance sheet||18|
|Statement ofcash flows|||
|Notes to the financial|statements|20-36|
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|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||2021|2021|2021|2020|2020|2020|
|||Notes||E||||||
|ncome an
endow||ents|from:|||||||
|Donations
and legacies||||1,182,643||1,182,643|1,650,771||1,650,771|
|Charitable
activities||||967,481|1,803,131|2,770,612|1,046,457|5,130|1,051,587|
|Other trading
activities||||988,214||988,214|1,418,015||1,418,015|
|Investment
Income||||164,151||164,151|212,100||212,100|
|Other income||||94,661||94,661|115,000||115,000|
|Total income||||3,397,150|1,803,131|5,200,281|4,442,343|5,130|4,447,473|
|Ex enditure on:||||||||||
|Raising funds||||652,276||652,276|858,209||858,209|
|Charitable
activities|||9|3,685,738|3,004|3,688,742|3,400,140|8,874|3,409,014|
|Total resources||||||||||
|expended||||4,338,014|3,004|4,341,018|4,258,349|8,874|4,267,223|
|Net gains/(losses)
investments|on|||1,017,737||1,017,737|(650,520)||(650,520)|
|Net incoming/||||||||||
|(outgoing) resources
before transfers||||76,873|1,800,127|1,877,000|(466,526)|(3,744)|(470,270)|
|Gross transfers||||||||||
|between
funds||||1,800,251|(1,800,251)|||||
|Net movement
in|funds|||1,877,124|(124)|1,877,000|(466,526)|(3,744)|(470,270)|
|Fund balances at
April 2020|1|||10,424,429|95,089|10,519,518|10,890,955|98,833|10,989,788|
|Fund balances at 31
March 2021||||12,301,553|94,965|12,396,518|10,424,429|95,089|10,519,518|
##
|||||Ail income||
|---|---|---|---|---|---|
|||||funds||
||||2021||2020|
||||f.|||
|Gross income|||5,200,281||4,447,473|
|Gains/(losses)|on investments||1,017,737||(650,520)|
|Total income|in the reporting|period|6,218,018||3,796,953|
|Total expenditure
from income funds|||4,341,018||4,267,223|
|Net income/(expenditure)||for the year|1,877,000||(470,270)|
##
##
##
||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Notes|||
|||Fixed assets|||||||||
|||Tangible assets||||||14|2,483,400|2,496,369|
|||Investments||||||15|9,559,775|7,589,398|
||||||||||12,043,175|10,085,767|
|||Current assets|||||||||
|,|'|Stocks||||||17|2,500|2,500|
|||Debtors||||||18|357,164|1,222,625|
|',|.|Cash at bank and in|||hand||||352„951.|500,542|
||||||||1||7'i2,615|1,725,667|
|||Creditors:|amounts||falling||due within||||
|||one year||||||19|{359,272)|(1,291,916)|
|||Net current|assets||||||353,343|433,751|
|||Total assets less current||||liabilities|||12,396,518|10,519,518|
|||Income funds|||||||||
|||Restricted|funds|||||21|'94,965|95,089|
|||Unrestricted|fund|-|ener|I|||||
|||Designated|funds|||||22|4,483,400|4,545,958|
|||General unrestricted|||funds||||7,233,056|5,293,374|
|||Revaluation|reserve||||||585,097|585,097|
||||||||||12,301,553|10,424,429|
||||||||||12,396,518|10,519,518|
##
##
|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|||E||
|Cash flows from operating||activities||||||
|Cash generated
from/(absorbed
by)|||30|||||
|operations|||||805,272||(66,249)|
|Investing|activities|||||||
|Purchase|oftangible
fixed assets|||(91,081)||(53,701)||
|Purchase|of investments|||(3,932,094)||(3,796,481)||
|Proceeds|on disposal of investments|||2,906,161||3,612,240||
|Investment|income|||164,151||212,100||
|Net cash|used
in investing|activities|||(952,863)||(25,842)|
|Net cash|used
in financing|activities||||||
|Net decrease
in cash and||cash equivalents|||(147,591)||(92,091)|
|Cash and|cash equivalents|at beginning|ofyear||500,542||592,633|
|Cash and|cash equivalents|at end of|year||352,951||500,542|
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|||2021|2020|
|---|---|---|---|
|||E||
|Operation of|Hospice|2,770,612|1,051,587|
|Unrestricted|funds - general|967,481|1,046,457|
|Restricted funds||1,803,131|5,130|
|||2,770,612|1,051,587|
##
|Fundraising
events|
|---|
|Charity shop sales|
|Hospice lottery|
|Other fundraising
activities|
|Fundraising
income|
##
|Unrestricted|Restricted|Total|Total|
|---|---|---|---|
|funds|funds|2021|2020|
|364,395||364,395|344,206|
|209,209||209,209|648,462|
|412,548||412,548|410,300|
|2,062||2,062|15,047|
|988,214||988,214|1,418,015|
|1,418,015|||1,418,015|
##
|Unrestricted|Restricted|Total|Total|
|---|---|---|---|
|funds|funds|2021|2020|
|||f.||
|29,350||29,350|29,653|
|99„495||99,495|136,207|
|35,306||35,306|46,240|
|164,151||164,151|212,100|
|212,100|||212,100|
##
##
##
|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||general|general|
|||||2021|2020|
|Government
business
grant
Meals on wheels
Insurance
monies received||||19,661
75,000|115,000|
|||||94,661|115,000|
##
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|2021|2020|
|||E|F|||
|Costs ofraising funds||||||
|Christmas
cards and merchandising
Publicity and brochures
Events expenditure
Bank charges
Telephone costs
Insurance costs
Voluntary
income staff costs|products|8,695
26,523
22,329
7,013
805
772
126,963||8,695
26,523
22,329
7,013
805
772
126,963|12,820
39,018
102,493
7,649
677
956
154,545|
|Costs of raising funds||193,100||193,100|318,158|
|Fundraising
trading costs||||||
|Prize money and commission
General expenses
Rates and insurance||73,540
8,396||73,540
8,396|78,186
50,921|
|Light, heat and water costs
Repairs and maintenance
Incidental
expenses
Operating
lease rentals
Motor and travel costs
Staff costs
Depreciation
and impairment||27,860
21,797
14,714
84,416
3,379
213,810
11,264||27,860
21,797
14,714
84,416
3,379
213,810
11,264|1,118
37,291
19,179
24,601
84,708
5,198
222,537
16,312|
|Fundraising
trading costs||459,176||459,176|540,051|
|||652,276||652,276|858,209|
|Forthe year ended 31 March 2020||||||
|Costs of raising funds
Fundraising
trading costs||318,158
540,051|||318,158
540,051|
|||858,209|||858,209|
##
##
||||2021|2020|
|---|---|---|---|---|
||||K||
|Staff costs
Depreciation
and impairment
Water|||3,090,843
92,786|2,694,169
77,631|
|Gas and electricity
Repairs and maintenance
Rent and rates|||10,634
45,173
130,257|16,000
45,376
98,223|
|Recruitment
Travel expenses
Training
Healthcare
Uniforms
Telephone costs
Insurance|||10,254
19,151
1,892
24,158
3,562
?,247|12,920
23,630
35,513
23,511
24,701
5,350
6,099|
|Medical supplies and
Cleaning costs
Office costs, stationery,
Registration
fees and
Incidental expenses
Irrecoverable
VAT
Catering costs
Patient transport
costs
Bank charges|bought
in services
postage and IT
subs||14,658
64,697
18,812
37,021
11,128
1,293
18,670
46,704
9,256
7,016|18,882
147,161
26,405
31,977
8,890
2,794
16,563
55,950
7,131
7,650|
||||3„668,381|3,386,526|
|Share ofgovernance
costs (see note 10)|||20,361|22,488|
||||3,688,742|3,409,014|
|Analysis
by fund|||||
|Unrestricted
funds - general
Restricted funds|||3,685,738
3,004|3,400,140
8,874|
||||3,688,742|3,409,014|
##
##
##
|10|Support costs|||||||
|---|---|---|---|---|---|---|---|
|||||Support|Governance|2021|2020|
|||||costs|costs|||
||Audit fees
Accountancy
Legal and professional||||5,400
3,300
11,661|5,400
3,300
11,661|5,200
5,000
12,288|
||||||20,361|20,361|22,488|
||Analysed
between|||||||
||Charitable
activities||||20,361|20,361|22,488|
|11|Net movement
in funds|||||2021|2020|
||Net movement
in funds is stated||after charging/(crediting)|||||
||Fees payable to the company's
financial statements
Fees payable to the company's
Depreciation
ofowned tangible|auditor for the audit ofthe
auditor for other services
fixed assets||company's
provided||5,400
3,300
104,050|5,200
5,000
93,988|
##
##
##
##
|The average
monthly
number ofemployees
during the year wa|s:||
|---|---|---|
||2021|2020|
||Number|Number|
|Nursing
staff - inpatient
Nursing
staff - day therapy
Nursing
staff - hospice at home
Nursing staff- spiritual care and medical offers
Administration
staff and general managers
Ancilliary|24
6
24
2
28
12|24
9
21
3
25
12|
||96|94|
|Employment
costs|2021|2020|
|Wages and salaries
Social security costs
Other pension costs|3,005,443
235,954
190,219|2,693,431
204,106
173,714|
||3,431,616|3,071,251|
|The number ofemployees
whose annual
remuneratio|n
was f60,000or more were||
|---|---|---|
||2021|2020|
|F60,001 - f70,000|Number|Number|
|670,001 - 280,000||1|
|f100,001 -f200,000|||
##
##
##
|Tangible fixed asse|ts||||||
|---|---|---|---|---|---|---|
|||Freehold
buildings|Fixtures and
fittings|Computers|Motor vehicles|Total|
|Cost or valuation|||||||
|At 1 April 2020
Additions
Disposals||3,041,042|427,817
35,171|94,415
6,321|147,719
49,589
(42,191)|3,710,993
91,081.
(42,191)|
|At 31 March 2021||3,041„042|462,988|100,736|155,117|3,759,883|
|Depreciation
and impairment|||||||
|At 1 April 2020
Depreciation
charged
Eliminated
in respect|in the year
ofdisposals|645,308
54,926|373,382
20,994|58,340
16,869|137,594
11,261
(42,191)|1,214,624
104,050
(42,191)|
|At 31 March 2021||700,234|394,376|75,209|106,664|1,276,483|
|Carrying
amount|||||||
|At 31 March 2021||2,340,808|68,612|25,527|48,453|2,483,400|
|At 31 March 2020||2,395,734|54,435|36,075|10,125|2,496,369|
##
##
##
||Listed|Other|Total|
|---|---|---|---|
||securities|investments||
|Cost or valuation||||
|At 1 April 2020
Additions
Valuation
changes
Disposals|4,286,711
1,818,409
944,444
(1,159,105)|3,302,687
2,113,685
(1„747,056)|7,589.,398.
3,932,094
944,444
(2,906,161)|
|At 31 March 2021|5,890,459|3,669,316|9,559,775|
|Carrying
amount||||
|At 31 March 2021|5,890,459|3,669„316|9,559„775|
|At 31 March 2020|4,286,711|3,302,687|7,589,398|
|Other Investments:||2021f|2020|
|Marsden
Building Society
Julian Hodge
Close Brothers
Handelsbanken||595,588
794,209
572„898
1,706,621|585,319
794,209
1,321,320
601,839|
|||3,669,316|3,302,687|
##
|16|Financial|instruments|||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||Carrying
amount of||financial assets||||
||Instruments|measured|at fair value through|profit or loss|5,890,459|4,286,711|
|17|Stocks||||||
||||||2021|2020|
||||||E|E|
||Finished goods and goods for resale||||2,500|2,500|
##
##
|Debtors|Debtors|||
|---|---|---|---|
|Amounts
falling due within one year:||2021|2020
E|
|Trade debtors
Other debtors
Prepayments
and accrued income||73,624
226,026
57,514|1,081,437
42,967
9$,221|
|||357,164|1,222,625|
|Creditors: amounts|falling due within one year|||
|||2021|2020|
|Trade creditors
Other creditors
Accruals and deferred|income|50,345
79,658
229,269|153,429
56,006
1,082,481|
|||359,272|1,291,916|
|Deferred Income||||
|Deferred income at 1
Movement
in the year|April 2020||1,017,423
(935,613)|
|Deferred income at 31 March 2021|||81,810|
##
##
##
|||Balance at
Expenditure|Balance at
Expenditure|Transfers|Balance at|
|---|---|---|---|---|---|
|||1April 2020|||31 March 2021|
|||f.|K|E||
|Designated
funds||4,545,958
(12,969)||(49,589)|4,483,400|
|Analysis ofnet assets between funds||||||
|||Unrestricted|Restricted||Total|
|Fund balances at 31 March 2021 are represented|by:||||f.|
|Tangible assets
Investments
Current assets/(liabilities)||2„408,435
9,559,775
333,343||74„965
20,000|2,483,400
9,559,775
353,343|
|||12,301,553||94,965|12,396,518.|
|||Unrestricted|Restricted||Total|
|Fund balances at 31 March 2020 are represented|by:|||||
|Tangible assets
Investments
Current- assets/(liabilities)||2,421,860
7,589,398
413,171||74,509
20,580|2,496,369
7,589,398
433,751|
|||10,424,429||95,089|10,519,518|
##
##
##
|||||Movement|in funds|||
|---|---|---|---|---|---|---|---|
|||Balance at 1
April 2020|Income|Expenditure|Transfers|Revaluations,
gains and|Balance at
31 March|
|||||||losses|2021|
|Designated
funds
General funds||4,645,958
5,878,471|3,397„150|(12,969)
(4,325,046)|(49,589)
1,849,840|1,017,737|4,483,400
7,818,153|
|Total unrestricted||||||||
|funds||10,424,429|3,397,150|(4,338,014)|1,800,251|1,017,737|12,301,553|
|Restricted|funds|95,089|1,803,131|(3,004)|1,800,251||94,965|
|||10,519,518|5,200,281|(4,341,018)||1,017,737|12,396,518|
##
##
##
||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||Within one year
Between two and five years
In over five years||||||78,978
202„373
180,083|50,113
24,415|
||||||||461,434|74,528|
|27|Capital commitments||||||2021|2020|
||At 31 March 2021 the Charity had|capital commitments||||as follows:|||
||Acquisition
ofmotor vehicles and|equipment||||||58,040|
|28|Related party transactions||||||||
||There were no disclosable
related|party|transactions||during the year (2020 -none).||||
|29|Controlling
party||||||||
||The Charity is under the control ofthe trustees as noted|||||in the trustees|report.||
|30|Cash generated
from operations||||||2021|2020|
|||||||||E|
||Surplus/(deficit)
for the year||||||1,877,000|(470,270)|
||Adjustments
for:||||||||
||Investment
income recognised
in statement
offinancial
Fair value gains and losses on investments
Depreciation
and impairment
oftangible
fixed assets|||||activities|(164,151)
(944,444)
104,050|(212,1-00)
621,179
93,945|
||Movements
in working
capital:||||||||
||Decrease/(increase)
in debtors
(Decrease)/increase
in creditors||||||865,461
(932,644)|(1,104,422)
1,005,423|
||Cash generated
from/(absorbed|by) operations|||||805,272|(66,245)|
|31|Analysis ofchanges
in net funds||||||||
||The Charity had no debt during the|year.|||||||