2022-03-31-accounts - Pendleside Hospice

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Trustees			David Brown
			Margaret Hynes
			Roger Comes
			Francesca Chapman
			David Walker
			Giles Williams
			Angela Brown
			Jaydee Davies	—Appointed				25/06/2021
			Gillian Oakley —Appointed				25/06/2021
			Mike Steel-Appointed			25/06/2021
			Matthew Davies	-	Resigned		28/09/2021
			Nicola Alden - Resigned			29/04/2022
			David Lawson -	Resigned			17/02/2022
			Helen Binns - Appointed			03/08/2022
			Mark Irlam - Appointed			03/08/2022
			Nadeem Memon	-Appointed				03/08/2022,	Resigned	11/09/2022
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 Villaae
			Cuerden Wav
			Bamber Bridge
			Preston
			PR5 6BL
			Close Brothers	Asset Management
			7th Floor
			80 Mosley Street
			St Peter's Square
			Manchester
			M2 3FX

			Page
Trustees' report			1-12
Independent auditor's	report		13-15
Group statement of financial		activities	16
Statement offinancial	activities		17-19
Group balance sheet			20
Charity balance sheet			21
Group statement ofcash flows			22
Notes to the financial	statements		23-40

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2022	2022		2021	2021	2021
		Notes		f.		f.		f.
Income and endowments		from:
Donations and legacies		3	1,376,703		1,376,703	1,182,643		1,182,643
Charitable activities		4	990,118	608,114	1,598,232	967,481	1,803,131	2,770,612
Other trading activities		5	1,509,756		1,509,756	988,214		988,214
Investment Income		6	183,594		183,594	164,151		164,151
Other income		7	30,005		30,005	94,661		94,661
Turnover oftrading subsidiary			95,521		95,521
Total income			4,185,697	608,114	4,793,811	3,397,150	1,803,131	5,200,281
Ex enditure on:
Raising funds		9	864,858		864,858	652,276		652,276
Trading cost of subsidiary			72,934		72,934
Charitable activities		10	3,508,800	25,151	3,533,951	3,685,738	3,004	3,688,742
Total resources expended			4,446,592	25,151	4,471,743	4,338,014	3,004	4,341,018
Net gains/(losses)	on
investments			191„238		191238	1 017737		1,017,737
Net incoming
resources before
transfers			(69,657)	582„963	513,306	76,873	1,800,127	1,877,000
Gross transfers between
funds			579,179	(579,179)		1,800,251	(1,800,251)
Net movement in	funds		509,522	3,784	513,306	1,877,124	(124)	1,877,000
Fund balances at 1 April
2021			12,301,553	94,965	12,396,518	10,424,429	95,089	10,519,518
Fund balances at	31
March 2022			12,811,075	98,749	12,909,824	12,301,553	94,965	12,396,518

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2022	2022	2022	2021	2021	2021
			Notes	F	F	E		E
Income and endowments			from:
Donations and legacies				1,399,290		1,399,290	1,182,643		1,182,643
Charitable activities				990,118	608,114	1,598,232	967,481	1,803,131	2,770,612
Other trading activities				1,509,756		1,509,756	988,214		988,214
Investment Income				183,594		183,594	164,151		164,151
Other income				30,005		30,005	94,661		94,661
Total income				4,112,763	608,114	4,720,877	3,397,150	1,803,131	5,200,281
Ex enditure on:
Raising funds				864,858		864,858	652,276		652,276
Charitable activities			10	3,508,800	25,151	3,533,951	3,685,738	3,004	3,688,742
Total resources
expended				4,373,658	25,151	4,398,809	4,338,014	3,004	4,341,018
Net gains/(losses)		on
investments				191,238		191,238	1,017,737		1,017,737
Net incoming
resources before
transfers				(69,657)	582,963	513,306	76,873	1,800,127	1,877,000
Gross transfers	between
funds				579,179	(579,179)		1,800,251	(1,800,251)
Net movement	in	funds		509,522	3,784	513,306	1,877,124	(124)	1,877,000
Fund balances	at 1 April
2021				12,301,553	94,965	12,396,518	10,424,429	95,089	10,519,518
Fund balances	at	31
March 2022				12,811,075	98,749	12,909,824	12,301,553	94,965	12,396,518

					All income
					funds
				2022		2021
						F
Gross income				4,793,811		5,200,281
Gains on investments				191,238		1,017,737
Total income	in	the reporting	period	4,985,049		6,218,018
Total expenditure		from income funds		4,471,743		4,341,018
Net income for		the year		513,306		1,877,000

					All income
					funds
				2022		2021
				E		F
Gross income				4,720,877		5,200,281
Gains on investments				191,238		1,017,737
Total income	in	the reporting	period	4,912,115		6,218,018
Total expenditure		from income funds		4,398,809		4,341,018
Net income for		the year		513,306		1,877,000

					2022	2021
				Notes	f
Fixed assets
Tangible assets				16	2,417,752	2,483,400
Investments				17	10,094,808	9,559,775
					12,512,560	12,043,175
Current assets
Stocks				19	2,500	2,500
Debtors				20	516,892	357,164
Cash at bank	and	in	hand		218,239	352,951
					737,631	712,615
Creditors: amounts			falling due within
one year				21	(340,307)	(359,272)
Net current assets					397,367	353,343
Total assets	less	current liabilities			12,909,824	12,396,518
income funds
Restricted funds				23	98,749	94,965
Unrestricted	funds	-	eneral
Designated funds				24	4,417,752	4,483,400
General unrestricted			funds		7,808,226	7,233,056
Revaluation	reserve				585,097	585,097
					12,811,075	12,301,553
					12,909,824	12,396,518

							2022	2021
						Notes		E
Fixed assets
Tangible assets						16	2,417,752	2,483,400
Investments						17	10,094,908	9,559,775
							12,512,660	12,043,175
Current assets
Stocks						19	2,500	2,500
Debtors						20	527,210	357,164
Cash at bank		and	in	hand			207,761	352,951
							737,471	712,615
Creditors:	amounts			falling due within
one year						21	(340,307)	(359,272)
Net current	assets						397,164	353,343
Total assets		less	current liabilities				12,909,824	12,396,518
Income funds
Restricted	funds					23	98,749	94,965
Unrestricted		funds	-	eneral
Designated	funds					24	4,417,752	4,483,400
General unrestricted				funds			7,808,226	7,233,056
Revaluation		reserve					585,097	585,097
							12,811,075	12,301,553
							12,909,824	12,396,518
Thef cist		statements			were approved	by the Trustees on ...//. ...QNN~
David Brown							Roger Comes
Trustee							Trustee

				2022		2021
			Notes	F		E
Cash flows from operating		activities
Cash generated from operations			32		1,019,667		805,272
Investing	activities
Purchase	oftangible fixed assets			(45,896)		(91,081)
Purchase	of investments			(4,401,520)		(3,932,094)
Proceeds	on disposal of investments			3,109,443		2,906,161
Investment	income			183,594		164,151
Net cash	used in investing	activities			(1,154,379)		(952,863)
Net cash	used in financing	activities
Net decrease in cash and		cash equivalents			(134,712)		(147,591)
Cash and	cash equivalents	at beginning	ofyear		352,951		500,542
Cash and	cash equivalents	at end of	year		218,239		352,951

Freehold buildings	2% straight	line
Fixtures and fittings	20% straight	line
Computers	25% straight	line
Motor vehicles	25% straight	line

4	Charitable activities	Charitable activities
					2022	2021
					F	f.
	Operation of Hospice			1,598,232		2,770,612
	Unrestricted funds	- general			990,118	967,481
	Restricted funds				608,114	1,803,131
				1,598,232		2,770,612
5	Other trading activities
			Unrestricted	Restricted	Total	Total
			funds	funds	2022	2021
			F
	Fundraising events		399,248		399,248	364,395
	Charity shop sales		667,444		667,444	209,209
	Hospice lottery		409,751		409,751	412,548
	Other fundraising	activities	33313		33313	2,062
	Fundraising income		1,509,756		1,509,756	988,214
	Forthe year ended 31 March 2021		988,214			988,214
6	Investment Income
			Unrestricted	Restricted	Total	Total
			funds	funds	2022	2021
				f.		E
	Rental income		29,192		29,192	29,350
	Income from listed	investments	134,749		134,749	99,495
	Interest receivable		19,653		19,653	35,306
			183,594		183,594	164,151
	Forthe year ended 31 March 2021		164,151			164,151

		Unrestricted	Unrestricted
		funds	funds
		general	general
		2022	2021
			F
Meals on	wheels	(50)	19,661
Insurance	monies received	30,055	75,000
		30,005	94,661

			2022
Turnover			95,521
Operating costs			(63,409)
Trading	profit		32,112
Gift Aid	payment	to charity	32,112

		Unrestricted	Restricted	Total	Total
		funds	funds	2022	2021
				F	E
Costs of raising funds
Christmas cards and merchandising	products	9,173		9,173	8,695
Publicity and brochures		51,413		51,413	26,523
Events expenditure		81,913		81,913	22,329
Bank charges		13,400		13,400	7,013
Telephone costs		3,786		3,786	805
Insurance costs		983		983	772
Voluntary income staff costs		149,210		149,210	126,963
Costs of raising funds		309,878		309,878	193,100
Fundraising trading costs
Prize money and commission		75,225		75,225	73,540
General expenses		9,723		9,723	8,396
Light, heat and water costs		42,524		42,524	27,860
Repairs and maintenance		13,129		13,129	21,797
Incidental expenses		19,632		19,632	14,714
Operating lease rentals		106,382		106,382	84,416
Motor and travel costs		3,861		3,861	3,379
Staff costs		267,044		267,044	213,810
Depreciation and impairment		17,460		17,460	11,264
Fundraising trading costs		554,980		554,980	459,176
		864,858		864,858	652,276
For the year ended 31 March 2021
Costs of raising funds		193,100			193,100
Fundraising trading costs		459,176			459,176
		652,276			652,276

				2022	2021
					F
Staff costs				2,889,509	3,090,843
Depreciation and	impairment			94,081	92,786
Water				13,229	10,634
Gas and electricity				45,455	45,173
Repairs and maintenance				92,142	130,257
Recruitment				12,855	10,254
Travel expenses				28,085	19,151
Training				18,846	1,892
Healthcare				28,440	24,158
Uniforms				5,808	3,562
Telephone costs				3,787	7,247
Insurance				18,656	14,658
Medical supplies	and bought		in services	88,997	64,697
Cleaning costs				19,335	18,812
Office costs, stationery,		postage and IT		37,239	37,025
Registration fees	and	subs		6,461	11,128
Incidental expenses				6,759	1,293
Irrecoverable VAT				15,433	18,670
Catering costs				52,805	49,869
Patient transport	costs			13,211	9,256
Bank charges				13,401	7,016
				3,504,646	3,668,381
Share ofgovernance		costs	(see note 12)	29,305	20,361
				3,533,951	3,688,742
Analysis by fund
Unrestricted funds - general				3,508,800	3,685,738
Restricted funds				25,151	3,004
				3,533,951	3,688,742

12	Support costs	Support costs
					Support	Governance	2022	2021
					costs	costs
					f.	F
	Audit fees					8,000	8,000	5,400
	Accountancy					4,500	4,500	3,300
	Legal and professional					16,805	15,805	11,661
						29,305	29,305	20,361
	Analysed between
	Charitable activities					29,305	29,305	20,361
13	Net movement		in funds				2022	2021
	Net movement		in funds is stated	after charging/(crediting)
	Fees payable	to the company's		auditor for the audit ofthe	company's	financial
	statements						8,000	5,400
	Fees payable	to the company's		auditor for other services	provided		4,500	3,300
	Depreciation	of	owned tangible	fixed assets			111,541	104,050

The aver	age monthly n	umber of	employees during	the year was:
				Group		Charity
				2022	2021	2022	2021
				Number	Number	Number	Number
Nursing	staff - inpatient			24	24	24	24
Nursing	staff - day therapy			8	6	8	6
Nursing	staff - hospice	at home		20	20	20	24
Nursing	staff - spiritual	care and	medical offers	4	4	4	2
Administration staff and		general	managers	32	32	30	28
Ancilliary				12	12	12	12
				100	96	98	96
Employment costs				2022	2021	2022	2021
					F
Wages and salaries				2,883,918	3,005,443	2,862,762	3,005,443
Social security costs				252,789	235,954	250,885	235,954
Other pension costs				192,762	190,219	192,131	190,219
				3,329,469	3,431,616	3,305,778	3,431,616

Tangible fixed assets	Tangible fixed assets
			Freehold	Fixtures and	Computers	Motor vehicles	Total
Group			buildings	fittings
			F	f.	f.	E
Cost or valuation
At 1 April 2021			3,041,040	462,987	100,736	155,117	3,759,880
Additions				24,146	21,750		45,896
At 31 March	2022		3,041,040	487,133	122,486	155,117	3,805,776
Depreciation	and impairment
At 1 April 2021			700,235	394,376	75,209	106,663	1,276,483
Depreciation	charged	in the year	54,921	25,286	13,873	17,461	111,541
At 31 March	2022		755,156	419,662	89,082	124,124	1,388,024
Carrying amount
At 31 March	2022		2,285,884	67,471	33,404	30,993	2,417,752
At 31 March	2021		2,340,808	68,612	25,527	48,453	2,483,400

Tangible fixed assets	Tangible fixed assets	continued
Charity			Freehold	Fixtures and	Computers	Motor vehicles	Total
			buildings	fittings
					f.
Cost or valuation
At 1 April 2021			3,041,040	462,987	100,736	155,117	3,759,880
Additions				24,146	21,750		45,896
At 31 March	2022		3,041,040	487,133	122,486	155,117	3,805,776
Depreciation	and impairment
At 1 April 2021			700,235	394,376	75,209	106,663	1,276,483
Depreciation	charged	in the year	54,921	25,286	13,873	17,461	111,541
At 31 March	2022		755,156	419,662	89,082	124,124	1,388,024
Carrying amount
At 31 March	2022		2,285,884	67,471	33,404	30,993	2,417,752
At 31 March	2021		2,340,808	68,612	25,527	48,453	2,483,400

Fixed asset	investments	investments
				Group			Charity
		Listed	Other	Total	Listed	Other	Total
		securities	investments		securities	investments
					E	F
Cost or valuation
At 1 Aoril 2021		5,890,459	3,669,316	9,559,775	5 890459	3,669,316	9,559,775
Additions		3,266,437	1,135,183	4,401,620	3,266,437	1,135,183	4,401,620
Valuation changes		(757,047)		(757,047}	(757,047)		(757,047)
Disposals		(1,194,767}	(1,914,773}	(3,109,540}	(1,194.767	(1,914,773)	(3,109,540)
At 31 March	2022	7,205,082	2,889,726	10,094,808	7,205,082	2,889,726	10,094,808
Carrying amount
At 31 March	2022	7,205,082	2,889,726	10,094,808	7,205,082	2,889,726	10,094,808
At 31 March	2021	5,890,459	3,669,316	9559775	5,890,459	3,669,31~
						2022	2021
						F	F
Other Investments:
Marsden Building Society						601,054	595,588
Julian Hodge							794,209
Close Brothers						578,893	572,898
Handelsbanken						1,709,779	1,706,621
						2„889,726	3,669,316
				Group		Charity
				2022	2021	2022	2021
Other investments		comprise:	Notes	E	E
Investments	in subsidiaries					100

Financial	instruments		Group		Charity
			2022	2021	2022	2021
				f	F	E
Carrying	amount of	financial assets
Instruments measured		at fair value
through	profit or loss		7,205,082	5,890,459	7,205,082	5,890,459


Stocks						Group		Charity
						2022	2021	2022	2021
									E
Finished	goods	and	goods	for	resale	2,500	2,500	2,500	2,500


20	Debtors		Group		Charity
	Amounts falling due	within one year:	2022	2021 E	2022f	2021
	Trade debtors		36,670	73.624	27,890	73,624
	Amount owed by parent undertaking				20,157
	Other debtors		315,345	226,026	315,345	226,026
	Prepayments and accrued income		164,877	57,514	163,818	57,514
			516,892	357,164	527,210	357,164
21	Creditors: amounts	falling due within one year	Group		Charity
			2022	2021	2022	2021
						F
	Trade creditors		28,217	50,345	28,217	50,345
	Other creditors		109,095	79,658	109,095	79,658
	Accruals and deferred	income	203,055	229,269	202,995	229,269
			340,367	359272	340,307	359,272
	Deferred Income				Group	Charity
	Deferred income at 1	April 2021			81,810	81,810
	Movement in the year				15,260	15,260
	Deferred income at 31 March 2022				97,070	97,070

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				Balance at	Balance at	Expenditure	Balance at
				1 April 2021			31 March 2022
							E
	Designated funds			4,483,400		(65,648)	4,417,752
25	Analysis of net assets between	funds
				Unrestrictedf	Restricted		Total F
	Fund balances at 31 March 2022	are represented	by:
	Tangible assets			2,339,003		78,749	2,417,752
	Investments			10,094,908			10,094,908
	Current assets/(liabilities)			377,164		20,000	397,164
				12,811,075		98,749	12,909,824
				Unrestricted	Restricted		Total
							E
	Fund balances at 31 March 2021	are represented	by:
	Tangible assets			2,408,435		74,965	2,483,400
	Investments			9,559,775			9,559,775
	Current assets/(liabilities)			333,343		20,000	353,343
				12,301,553		94,965	12,396,518

					Movement	in funds
			Balance at 1	Income	Expenditure	Transfers	Revaluations,	Balance at
			April 2021				gains and	31 March
							losses	2022
				f		F
Designated		funds	4,483,400		(65,648)			4,417,752
General	funds		7,818,153	4,185,697	(4,380,944)	579,179	191,238	8,393,323
Total unrestricted
funds			12,301,553	4,185,697	(4,446,592)	579,179	191,238	12,811,075
Restricted		funds	94,965	608,114	(25,151)	(579,179)		98,749
			12,396,518	4,793,811	(4,471,743)		191,238	12,909,824

Operating lease	commit	ments
At the reporting	end date	the group	had outstanding	commitments for	future	minimum	lease payments	under
non-cancellable	operating	leases, which fall due as		follows:
				Group			Charity
				2022		2021	2022	2021
						E
Within one year				60,848		78,978	60,848	78,978
Between two and five years				204,917	202,373		204,917	202,373
In over five years				127,250	180,083		127,250	180,083
				393,015	461,434		393,015	461,434

	The Charity is under the control ofthe trustees as noted	The Charity is under the control ofthe trustees as noted	The Charity is under the control ofthe trustees as noted	in the trustees'
31	Analysis ofchanges in net funds
	The Charity had no debt during the year.
32	Cash generated from group operations				2022 f	2021
	Surplus for the year				513,306	1,877,000
	Adjustments for:
	Investment income recognised in statement		offinancial	activities	(183,594)	(164,151)
	Fair value gains and losses on investments				757,047	(944,444)
	Depreciation and impairment oftangible	fixed assets			111,541	104,052
	Movements in working capital:
	(Increase)/decrease in debtors				(159,728)	865,461
	(Decrease) in creditors				(18,905)	(932,644)
	Cash generated from operations				1,019,667	805,274