PA￿¥ Atjrtbfi 0131590 SPRIN HILL HOSPICE 1989-2019 SPRINGHILL HOSPICE Making every moment count SPRINGHILL HOSPICE (ROCHDALE) TRUSTEES, REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THEYEAR ENDED 31ST MARCH 2021 *AAKCBJEY* 29112r2021 COMPANIES HOUSE A12 #18 SPRINGHILL HOSPICE1989-2019 C61ebrat(n9 30 y8Ar4 Contents Officers and Pi-ofessional Advisors Tru5tees' Report (including the Strate￿C Report) Tni.stees' Responsibility Stateinent ly]dependent Auditoi-'s Report to tlie Membei's and Trustses of Spi-in¢Fhill Hospice (Rocl)dale) 22 Con501idated Statement of Financial Activities 26 21 Balance Sheet 27 ' Con501idated Cash Flow StatemeDt 28 Notes to the Financial Statements 29 /XspRINGHILL HOSPICE7989-2019 816èratin9 3D ¥6Ars Officers and Professional Advisors Trustees and Officers TRu￿EE5 CHAIR The13te Robert Clegg OBE {until 26 September 20213 INTERIM CHAIR Mrs Lesley Mort HON. TRL4SURER Ms Julia Heap Mr Sultan Ali Mrs Susan Blundell Rt Rev Mark Davies Miss Kirsa Efthymiadis Mrs Carol Hopkins Ms Ratna Mukeiiee {resigned 12 October 2020] Dr Robert Namushi Dr Usman Ahmed Company Secretary M5 Rebecca Davis SPRINGHILL HOSPICE1989-2019 6L6krat(n8 30 y6Ars Key Management Personnel CHIEF EXECUTIVE Samantha Wells DEPUTYCEO AND DIRECTOR OF CLINICAL SERVICES Sheila johnson MEDICAL DIRECTOR Dr Christopher Pick /NspRINGHILL HOSPICE 1989-2019 Professional Advisors and Registered Office SOLICITORS Molesworth Brighi Clegg Octagon House 25-27 Yorkshire Street Rochdale Lancashire OL16 IRH AUDITOR PKW Chartered Accountsnts LLP Cloth Hall 150 Drake Street Rochdale Lancashire OL16 IPX BANKER The Royal Bank of Scotland Manchester Commercial. 3rd Floor. 38 Mosley Street Manchester M3 3AZ PENSION ADVISOI Cullen Wealth 2 Riverview. Vale Road Heaton Mersey Cheshire SK4 3GN AccouiwfANTS & VAT ADVISORS Beever & Struthers St George's House 215-219 Chester Road Manchester MIS 4IE REGISTERED & PRINCIPAL OFFICE Sprlnghill Hospice (Rlbchdale) Broad Lane Rochdale Lancashire OL16 4WL SPIUNGHILL HOSPICE (SERVICES) LIMITED Subsidiary of Springhlll Hosplce (Rochdale) SPRINGHILL HOSPICE (LOTfERY) LIMITED Subsidiary ofspringhill Hospice (Services) Limited .AspRINGHILL HOSPICE 1989-2019 C816>rAtitlg A) y6Afs Trustees, Report (including the Strategic Report) The Trustees of Springhill Hospice [Rochdale). who are also Dirertors of the company for the purposes of the Companies Act 2006. submit their annual reporL together with the financial statements and auditor's report for the year ended 31 March 2021. The financial statements have been prepared in accordante with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011. the Cotnpat]ies Act 2006 and Accounting and Reporting by Charitie5'. Statettkent of Recotnmetlded Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable irl the UK and Republic ollreland published ith Ortober 2019. CONSTITUTION AND GOVERNING DOCUMENTS Springhill Hospice {Rochdale) is a company limited by guarantee (Company No 02325905). and is registered as a charity under the Charitie5 Act 1960 (Registered Charity No 701798].The company was incorporated on 7 December 1988 and is governed by a Memorandum and ArtÉcles of AssociatLOtI. The company is run by a Board made up of Trustees (Direttorsl- Every Trustee undertakes to contribute to the assets of the cotnpany itl the event of it being wound up during the time helshe is a Trustee or Wlthin one year afterward5. The amount that may be required will not exceed £1 [one pound) for payment of the debts and liabilities of the company contracted before the time when helshe ceases to be a Trustee. The names ofTrustees that served duritjg and after the year to 31st March 2021 can be found on page 3 to these accounts. Trustee5 are appoÉnted for a term of three years and are eligible for re-election at the AGM of the approprtate year. AIMS AND OBIECTIVES The object of the charity. as set out in its Memorandum and Articles of As50¢iation. Is to promote the reliefof illness and suffering in the Heywood. Middleton and Rochdale area. 5pringhtll Hospice provides multi-professional palliative and end OF life services and has its operational site on Broad Lane. Rochdale. The rdnge of 5ervice5 that Springhill Hospite [Rochdale] provides are Inpatient, day therapy and community services. A 24 hour advice line is available to healthcare professionals, patients and carer5 in the Heywood. Middleton and Rochdale area. The activities undertaken during the period to meer these objecrives were afferted by the Covid-19 pandemic and the attendant restrictions in force in England. The activities were- Provision of 12 beds in the usually 16 bedded inpatient unit providing 24 hour medical and nursing care A'virtual, Day Hospice njn online In liaL50n with NHS and other partners. the provision of community care for those patients being supported at home Bereavement support for relatives following loss Counselling services via telephone from a qualified tFLerapist for patients. carers and relatives A 24 hour palliative care advice line for patients. carers and professional staff SPRINGHILL HOSPICE 1989.2019 C&l$èrAt(r,9 30 y6Jr< Provision of a dedicated education unit for staff trdining and to provide education in palliative care to the local clinical communiry. Course5 were run online. The Hospice also carries out various fundraising artivities and initiatives to getierate donats.ons and financial support in order to support its charitable activities. Springhill Hospice (Services) Limited is a subsidiary company of the Hospice and generates funds for the Hosptce through retail shops and fvndraising activities. Springhill Hospice (Lotteryl Limited. a subsidiary of Springhill Hospice (Services) Limited. generates income for the Hospice through the provision of a weekly lottery.. the lottery is managed on its behalf by Starvale Management & TechnOlo￿e$ Limtted. FUNDRAISING STANDARDS INFORMATION Springhill Hospice is committed to practising the highest standards of income generatioT] and ensuring all activity reflecrs the Hospice's values. Springhill is registered with the Fundraising Regulator, and has made a commitment to adhere ro all recognised standards and requirements Outlined in the Code of Fundraising Prathce when planning or undertaking fundraising initiatives. The standards addressed in rhe Code of Fundraising Practice underpin all aspects of fundrdising undertaken by the Hospice. and comprise a number of fundraising streams including.. Key Principles and Behaviour5.' Working with Volunteers- Working with Children,- Working with Third Parties., Fundraising Communications and Techniques Direct Marketing., Telephone., Digital Media., Trusrs.. Major Donors; Corporate Partnerships., Raffles and Lotterie5.' Fundraising through Payroll Giving- Evenrs.. Public Collections,. Static Collections,. Legacies.. Payment of Fundraisers and Handling of Donations. In addition, donations received are processed following the Hospice's internal financial procedures in line with the Charity Commission. .All income services activities are underraken within charity law. meeting Charity Commission guidelines, Fundraising Regularor codes of practice, HMRC rules. The Gamblirjg Commission standards and Gambling Act, local licensing laws. Advertising Stsndards and the General Data Protection Regulation and Data Protection Aci Springhill does not condone and never employs aggressive fundraising tactics. All contact with donors is always conducte(l in a caring and professional manner. in line with Springhill's values. Springhill Hospice is committed not only to Tneeting the Ttlinimum standards set out within legislation and code5 of practice. but also aspiring to reach a higher level of supporter care. being advocates of the superb care delivered at the Hospice and mirroring this with our current donors and new supporters. As part of thi5 COtnmitmen[ the Income Generation Team are active members of the Chartered Institute of Fundraising [CloF). the Hospice Income Generation Network [HIGN). the Hospice Lottery Association (HLA) and the Charity Retail Association (CRA). which support the Hospice's commitment and development to working ethi£ally and responsibly. using best practice when communicating with our donors and supporters. The Finance CoTnmittee monitors the activities of the Income Generation Team. on behalf of the Board of Trustees. The Head of Income Generation and Marketing attends each quarterly meeting of che Committee and reports progress on income raised from fundraisin& shops and lottery. as well as progress on the Fundrdising Strategy. During the year we received two complaints about our income generation actiwty. Of these. two related to rerail activity, none (zero} to lottery activity and none {zero) to fundraising activity. All were investigated and dealt with through the Hospice's Complaints Policy and reported to the Trustees c¥ /XspRINGHILL HOSPICE1989-2019 C816krating 30 y6ar5 through the Governance. Audit and Employment Committee. Wherever P05SLble. the Hosplce seeks to learft from the feedback received in complaints in Order to improve its policies and ways of working. In order to ensure that we protert vulnerable people and other meTnbers of the public from any unreasonable behaviour or undue pressure. alongside our PTivaLy Policy. we commit to.. Adhere to the Fundraising Re8ulator'5 Code of Pracrice and the Fundraising Promise. Promptly action any requests for removal from our mailing lisrs and database. Not sell or pass on the data ofany ofour donors and supporters to any third parties. Only use professional fundraising agencies who can demonstrate a track record of best practice in the sector and cortlpliance with the Fundraising Regulator and other appropriate sector bodies. PUBLIC BENEFIT STATEMENT In sethng our objectives and planning our services. the Trnstees of Springhill Hospite (Rochdalel have given careful consideration to the Charity Commission's general guidance on public benefiL Springhill Hospice (Rochdale) provides Hospice services free of charge to those individuals aged over 18 years with liFe-limiting illness living in and bordering the Rochdale Borough area and also provides supportive care for their families and carers. Our care Se￿CeS are available, without restriction. to all groups in the communities we serve. /NspRINGHILL HOSPICE 7989-2019 Céle&rAtlng 30 y8Afs RATEGIC REPORT ACHIEVEMENTS AND PERFORMANCE We continue to work alongside our neighbouring Hospices across Greater Manchester. as part of the Greater Manchester Hospices Group. working together more strategically and influencing the provision and delivery of Specialist Palliative Care and End of Life Care services across Greater Manchester, whilst retaining our identity and individuality. The Group's intenfion is for H05pices to work together to help shape the vision and delivery ol Greater Manchesterfs Palliative and End of Life Strategy, to promote the work H05pices do acros5 Gre3ter Manchester. and to influence and shape the fvture commissioning of Hospice and Palliative Care services. CLINICAL SERVICES The table details the key stat15tiCS for service provision in the Yea￿ ended 315¢ March 2021 and 2020 Inpatlent Servlces 2020121 2019120 Registered inpatient bed5 16 16 Available inpatient beds 12 16 Occupied bed days 2.038 3,401 Average length of stay (days) 9.81 Patient admissions 220 3S5 Communlty Servfices Pattents referred 593 525 Total visits from the community team 5.939 5.139 Day Hosplce Servlces Re￿stered weekly day hospice places 64 64 Available weekly day h05pice places 64 64 Day hospice operational days per week Total day hospice attendances 1,579 Virtual intervention5 664 Educational Services Course Attendees 540 1,450 SPRINGHILL HOSPICE1989.2019 61617fAting 30 y6è.rs Inpatlent Servfices rhe Inpatient unit has 16 beds but this has been reduced to 12 since the outbreak of the Coronaviru5 pandemic in order to nurse patients in i501ation and reduce the risk of transmission ofthe viru5. Occupied bed days in the year decreased 40% from 3.401 to 2.038. This was mainly due to the Covid pandemic bed reduction to ensure patient safety- Patient admissions were 220 [2019120.. 355)- Patients are admitted for symptotn managemenL pain relief and end of life care. The medical team and nursing sraff conrinue ro work closely togerh.er providing the highest 5tsndard of care for patients with life limiting illnesses and their families. friends and carers. The staff have had to make significant changes to practice to comply with frequenrly changing narional guidance for Coronavtrus. fhey have maintained an excellent service in spite of all the restriciions. especially providing emotional and psychological support to patients and families when we were unable to allow any visitors. This was distressing for all involved. partioJlar]y for patients ar the end of life. The medical team is led by the hospice Medic31 Director and two full time hospice doctors. The nursing team is led by the ward sister and one junior ward sister. and comprises 13 registered nurses, one specialist palliarive care nurse. four assistant practs'tioners, two trainee nursing associates and 19 healthcare assistants. Recruitment of regisrered ntsrses is a significant challenge. The Inpatient unit ha5 continued to invest tn developing the existing workforce. In addirion ro the regisrered nurses and assistant practitioners. one ur5in8 assistant had commenced the Trainee Nursing Associate programme and is due to qualify later this year. A second nursing assistanr commenced the programme. and this is already having a positive impact on the deltvery of care. Although supervised by registered nurses the Nursing Associates are also able to work autotiotnQUsly to admit patier]ts. taking res￿nSibl]iry for their care throughout their stay, up to and including arran￿ng their discharges. With additional training on successful completion, this lead to becomitlg a registered nurse. They have a clear scope of pracrice and competencies. This will Ilow the Hospice to maintain a workforce which can meet current and future demand. One of the assistaT]t prnctitioners works alongside the Hospice physiotherapist and assesses patients who need 35SLSt3nce with rehabilitation in order for them to remain a5 independent as possible. They not only look after patients on the ward. but also in the community atld day therapies services. They a150 follow patients up at home once they have been discharged. The staff on the inpatierht unit continue to provide the 2¥hour advice line. taking calls from other professionals, patients, families or carers who require advice any thme of the day or nighL Day Hospice Services The Day Hospice Service at Springhill ha5. since its inception. followed a traditional model ol day hospice services. During the pandemic and subsequent closure in Marth 2020. we creaied and offered virtual seryice. We have now developed a more holistic and therapeutit model which will offer a variety of interventions. i))cluding a 5elf-management supportive group program, a wellbeing group program. a arer's support group. drop-ith sessions. and a delnentia support group program. We will also continue to offer a weekly virtual group program. We plan gradually to reopen our new'Day Therapies. from 19 October 2021. and begin to pilot these new groups. io /NspRINGHILL HOSPICE1989-2019 C816bratiiig 30 y8Ar< Coun5ellin8 Service The Counselling Service continues to support adults who are experiencing psychol0￿Cal and emotional distress because of their own life limiting illness or the illness of someone significant to them. We receive referrals frorn our inpatient uniL day services, community servtces and others including GPS. dL5trict nurses and 5peciali5t nurses. There is current]y no waiting list Feedback from clients continues to be very positive. Bereavement Service The Bereavement Service continues to support families Imown to the hospice. We also provide bereavement seryice to adults in Heywood. Middleton and Rochdale who are not known ro the Hospice. who are struggling with grief following a loss due to a diagnosed life limiring condition. This service is funded by Heywood Middleton and Rochdale CCG with a review date of March 2022. Feedback continues ro be very poslttve. We offervarious types ofbereavement 5UPPOrt including: Informatiot) about the nature of grief One to one bereavement support One to one bereavement coun5elling Structured weekty bereavement support groups Community bereavement social groups in HMR Support is provided by trained counsellors. student counsellors. a volunteer counsellor, and trained volunteers. During the pandemic. for all of 2020-21. face to face sessions were suspended and telephone and video conference se5SLons were offered. Our community bereavement social groups were suspended. We have now initiated a new training program for all bereavement volunteers as we 5t3rt to reopen our social groups and start to pilot new bereavemenr support groups. The Counselling and Bereavement Service is Accredited by the Brit15h Association for Counselling and Psychotherapy {BACP)- Community Services Springhill Hospice Community Services continue to support patients in their own homes. working alongside GPS, District Nurses and other community seryice providers. Sprtnghill Hospice CQTnmunity services comprise.. Integrated Speclallst Palliative Care and End of Life Service Thi5 service L5 led by our senior hospice docror (Community) and is stsffed by specialist palliative care nurses operating over seven days. 8-00 20..00 Monday to Friday, 8..00 - 16..00 weekends and bank holidays. The team offers support to patients and families in their own homes and is further supported by the hospice physiotherapist. two assistant practitioners (rehabilitation and nursing) and a counsellor. Hospice at Home Service The hospice at home ream comprises qualified nurses and healthcare assistants who also work on the inpatient uniL and provides care and support to patients at the end OF life and their families. The service is designed to offer patients the opportunity to spend their last days or weeks at home. if they ch005e to do so. and it works closely alongside the district li SPRINGHILL HOSPICE1989-2019 C6l6brJrm$ Such as eBay and Depop. Springhill Hospice's shops were significarltly impacted by the Covid-19 pandemit. The result of this was that Springhill's retail shops on the high street ceased rrading for the majority of the financial year. E- Commerce activity. cost savirlg measures such as utilising the Government's furlough scheme and not recruiting into vacancies. and grdnts from the Government via our local councils helped to mirigate losses. Physical stores were pern)itt¢d to reopen in April 2021, and the current Government stance implies that there will be no further closures. As a result. the 2021122 planniT]g assumes continued trading. At times of economit stress. charity shops have traditionally achieved good results. and so we are cautiously hopeful we will be able to return to near pre-pandemic levels of tradtng. Income received through our retsil artivity was £172k {2019120 £679kJ- Lottery (Subsldlary Company- Springhill HosplcelLottery) Ltd) The Hospice Lottery provides Springhill H05pice with income through its weekly lottery campaign. All profits from this companyare donated to the Hospice. Springhill's Lottery continues to be a good income stream. contributing £383.516 in 2020121 a decrease ofonly 1% in comparison to 2019120. Government restrictions during the year prevented our usual face-to-face recruitment artiwry. Whilst thL5 resulted in a slight decrease in player number5. recrnitment fees were also considerably less than had been planned. Covid restrictions also prevented our osh collertion activity. After reviewing the impact of this, we decided it was the right tsme to move away from cash collection5. Mailing acrivity took place to convert cash players to continue to play in the Lottery. offering alternative payment options (cheque or direct debit). We plan to restart our face-to-face recruitment activity in 21122 when restrictions ease. The Charity owns 100% of the shares in the Springhill Hospi￿ (Services) Ltd., which in turn own5 100% of the shares in Springhill Hospice (Lotteryj Ltd. Both of these companies gift aid their tsxable profits to the Springhill HoSPLce [Rochdale] for the pursuance of its objectives. Details of the Subsidiary tompany's rrading can be found in note 13 of the annual accounts. Ai 31 March 2021. Springhill Hospice [Services) Ltd owed £662k to the parent tompany in respect of money lent for the purchase of the Craven. and some cosLs which the parent company pays and then recharges. Loan agreements between the two companies have subsequeTLtly been established. 13 (• /NspRINGHILL HOSPICE1989-2019 C8l6brAtirtg 30 ¥862rg COMMUNICATIONS The marketiDg and communications team support every aspect of the hospice's work. including clinical and corporate services. in addition to income generation. Communicarion srandards have continued t develop to ensure that awareness of rhe hospice's services and fundraising activity remains high in the communiry. We have conrinued to develop a library of powerful patient and supporter case studies to engage with supporters and break down some of the myths about hospice care. This is an area we will continue to build on and develop. During 2020121 hospice media coverage wa5 as follows {2019/20 in brackets).. Press coverage- Rorhdale Observer- 18 articles (431 Press coverage- Rochdale Online 38 articles (58) Social media followers at the end of March 2021 for. Facebook - 8,519 Twitter 1,425 Instagram- 3,279 (8.131) (3.220) (1.201) Social media analytics for 2020121 Reach for Facebook posts 24S.103 rwitter post impressions 253.908 Reach for Instagram posts- 42.294 (1.327.635) (319.373) (75.870) STAFF AND VOLUNTEERS The Board of Trustees would like to expre55 its appreciation of the work of the staff within the hospice group of companies for all their efforts during the year. often extenditjg beyond thelr pald dudes to engage in raising tund5 for the h05pice. Equally the COT]tribution of our volunteer workforce is valued very hL8hly and the table below give5 an indication of the financial value of their input throughout the group based on the national living wage rates currenrly prescribed: National Living W3g¢ B.72 8.21 Hospice 19,136 166M66 46,592 382.520 Services Company 4.108 35￿22 32.116 263.672 Lottery Company 156 1360 1.040 8538 TOTAL 23,400 204.048 79.748 654,730 14 SPRINGHILL HOSPICE 1989-2019 Csl6bratins 30 y86•.r5 The range oFactivities undertaken by the volunteer workForce this year has included.. Reception duties Catering Gardening Charity shops support Lottery collections Laundry Administrative support Day Hospice drtvers Income recording Inpatient 5UPPOrt (new rolej Fundraising support Collection of donated goods Communiry befriending Calligraphy .Library a5Si5tants In previous years, the H05pice has also had volunteer support in a nU￿ber of activities that had to be temporarily halted because of the pandemic. These included care a55iStants. assisting on the inpatient unit. creative and complementary therapies, flower arran￿n$ assisting in day hospice, chaplaincy services. pets as therapy. 15 /XspRINGHILL HOSPICE 1989.2019 C816èpr8t(rt9 30 ys4r5 FINANCIAL REVIEW The account5 for the year have been prepared in accordance with Accounting and Reptsrting by Charitie5'. Ststetnent of Recotnmended Practice and comply with all statutory requirements and rhe h05pice'5 governing document The accounts consolidate the results of the hospice and its trading subsidiary. The Trustees report a net increase to overall fund5 for the year of £306,602 [2019120 increase £1 1.121) and an overall funds balance of £8.681.540 at 31 March 2020 (£8.374.938 at 31 March 2020). The financial position of the group is set out in the balance sheet on page 27. The reserves policy relating to the funds held by the hospice is described in the reserves poliry below. Income and expenditure The statement of financial activities (SOFA) is set out on page 26 of these financial statements. From an operating point of view 2020121 showed a surplus before investment gains of £304.033 (2019120 Surplus £12.211]. The hospice's income has been affected by the Coronavinjs pandemic. in particular h&ndrdising and trading income. due to inactivity during lockdown. However. in common wilh other hospices, Springhill received funding related to the pandeTnic from NHS England. transacted via Hospice Totsl income in 2020121was consequently similar to the previous two financial years at £S.I million (2019120 £5 million). Income from donations and fundraising acthvities was £712.880. a 26% fall compared to the previous year (2019120.. £966,916). Legacy income increased with £335.552 recognised as received or as due under FRS 102 (2019120 £256.573). Funding from NHS Clirlical Commissioning Groups amounted to £2.160.302. (2019120 £2,412.168). The NHSE awarded funding to allow the hospice to make available bed capacity and community support from April 2020 to july 2020 to provide 5UPPOrt to people with complex needs in the contexr of the COVID-19 situation and to provide bed capacity and community support from November 2020 to March 2021 for the same purpose. Thi5 amounted to £898.529 in total. The turnover of the Service5 Company decreased very significantly to £172,347 for the year (2019-20 £679,644). Clearly this reflects the extent to which Springhill's shops were closed during the pandelnic national lockdown and the 'Tier 3, restrictions rhat continued in Greater Manchester. The comparly received governlnent grant income of £172,006 from the Small Business Grant and Coronavirus lob Retention Schemes. Nonetheless there was a loss for the financial year of £88.108. In normal years. the taxable profits are gifted to the h05PLce. In 2020-21 rhere was no contribution from the Services Company to the hospice. and the loss is consolidated within the group accounts. The turnover of the Lottery Company wa5 £556.950 {2019120 £597.181). The profit for the year which is Eifted to the hospice amounted to £383.516 (2019/20 £388,069). Investment income and interest receivable this year was £42,113. a decrease of 12%. The cost of charitable attivities decreased ro E3.908.037 from £3.991.748 in the previous year. The decrease in cosr reflects attivities not undertaken during the year. 16 /XspRINGHILL HOSPICE 1989-2019 C61ek2fAti119 30 V6Ar< Investment Perfonnance, Pollcy and Management At 31 March 2021 rhe value of the investment portfolio was £961,847 (see note 13) {2019/20 £959,278) and saw little change. During the year income earned on the wTrrtfolio was paid to the Hospice. The investment performance is reviewed by the Finance Committee. The investment poliry 15 tt) seek the best financial return within an acceptable level of risk and the investment objectives are a balaT]ce between income and capital growth. Policy on Reserves A statement of unrestricted funds is shown in Note 19 ro the accounts. The Charities SORP defines reserves as that part of a charity's funds that is freely available to spend. The trustees seek to maintain reserves at a level which ensure that the hospice's core artiviry could be maintait]ed following fluctuation5 in income. In particular they recognise the highly unpredictable nature of legacy income atld provide for this risk. In order ro mitigare income fluctuations the rrustees are committed to d1ver51￿.ng and developing new and existing incoTne streams. Trustees maintain a review of the reserves policy ol the charity through the finaftce committee and rhe calculation of the required level of reserves is part of the hospice's annual budgeiing and planning cycle. The main risks to both income and expenditure are highlighred, a calculation ol the possible financial consequences ES made and an examinarion is undertaken of readily realisable reserves. main commitments and market valuation of any investments. The trustees recognise the increasing and varied demands for hospice service5 and may allocate certain funds to address these needs. As parr of the annual planning cycle, the trustees perform a review of the reserves policy rhrough rhe finance commirree to ensure an adequate level of reserves is maintained. In view of the increased artivity of the hospice the trustee5 consider the targer level of free reserves to be in the range £3 million to £6 million. The trustees have agreed that these free reserves should not nornially exceed otte year's running costs. The free reserves at 31 March 2021 are £4.8 million (2019120 4.2 million) which represents 12 months of normal running costs for rhe hospice (2019120 between nine and ten months). The Charities SORP specifically allows for funds held as -tangible fixed assets for charity use" to be excluded from free reserves. The tnkstees therefore set aside a designated reserve of £2.6 million, equal to the net book value of tangible fixed assets {2019120 £2.7 million)- In addition the trustees have designated a reserve of £l.I million to be held for property refurbishment and development (2019120.. EI.1 million3. Thi5 reserve relares mainly ro potential plans to extend the hospice as accommodation is ¢urrent]y at full capacity. These plans have again been paused during the pandemic. The Trustee5 have a150 designated £85.000 for IT. This provides lor new IT equipment ordered in late 2020/21 but not received or paid for until Z021122. 17 SPRINGHILL HOSPICE 1989-2019 $I6E7rfit(rt9 X y$ars PLANS FOR FUTURE PERIODS In December 2020, Chief Executive, julie Halliwell retired after 26 years at the hospice and staff and trustees would like to rhank lulie for her outsranding contribution. A new Chief Executive was appointed and has been looking to the future to develop the next five year strategy a5 well as leading the organisaknon. jointly with the Operational Managemeni Team. rhrough the coronavirus pandemic. Due to the pandemic. plan5 to extend the hospice footprint were halted but will hopefully be resumed as part of the new five year strategy. Priorities moving forward include.. IT Infra5trurtUTe The pandemic has taught us just how important IT is in our ability to deliver our services and how important working from home will continue ro be. Therefore rrusrees approved a significant upgrade of our hardware as well as E prescribing and cloud based access to Icare. These improvements will enable more efficient working and better patient care. Plans are in place to develop a Digital Transforniation Group to continue our improvements and efficiencies. Coronaviru$ pandemic The pandemic continues to seriously affett the hospice. Whilst the community service. Hospice at Home and the Inpatient Unit have continued w provide care to all including Covid positive patients. Day Hospice has had to provide virtual therapies. Visiting was seriously impacted and management now meets fortnightly to review the siruarion and how to ease restrictions as safely as possible. All staff and Vlsltors to the hospice are regularly tested and we hope to see further easing of restrictions. Recruitment and retention ofstaff It is vital the hospice is able to recruit and rerain the best possible staff. We conrinually look at ways to support the wellbeing of our staff. We understand rhat the hospice can be a challenging environment for stsff arkd recognise the ongoing impact of the pandemic and are therefore training up a number of Mental Health First Aiders. Ir is importanr our salaries remain competitive with the NHS and similar employers within HMR. Plans are currently being considered for Springhill to become a Real Living Wage Employer. Income Generation Strategy In Fundraisin& our future planning includes diversifying our iTtcome streams to include trust and grant activity. legacy promotion. review our individual giving campaigns and maximising efficiencies across the team. In respect of our retail activities the focus for the fijrure is EO maximise the features the EPOS (electronic point of sale) tills and Gift Aid on Donared Goods scheme prowde. in order to develop our retail offerin& conrinue to develop our e-commerce presence. increase our furniture delivery and collection activity and review new trading opporrunities including newgoods. Our focus for the lottery moving forward is to develop other avenues to pmmote sign ups to the lottery. diversifying our acquisition channels. 18 PNSPRINGHILL HOSPICE 1989-2019 C&lebrAtins & VJG3r< Financlal efficiency As a charity, the h05pice strives to ensure th3t ourincome is spent effectpvely. The finance tearn continue to look at streamlining financial proce55es and integrate them more closely with tundrnising and retail processes. For the next financial year, a priority is to improve the recording of income betweet) the retail company 3nd finance systems. There is also a need to review the use of the HR database in respect of time recordÈng and ensure the Process to payroll is efficient These were both priorities a year ago, before the pandemic RUCTURE, GOVERNANCEAND MANAGEMEK Appointment of Trnstees Trustees are director5 Of the cotnpany for the purpose5 01 the Companie5 Act. The Articles of Association state that there shall be a Board of Trustees (also referred to a5 the Board of Directors). The Hospice Board seeks to appoint rrustees who are representative olthe local community and are able to bring specific skills to the m3nagen]ent of the Charity- There is no limit placed on the nutnber of trustees that may be appointed. although the board attempts to avoid duplication of interest to avoid inefficienry. Trustee5 may be proposed and seconded at any board meetin& and appointed by a majority vote of existing members present at the meetin& Trustee Indurtion On appointment trusrees are provfftded with a range of recent hospice specific documenratitsn relating ro the current service and financial arrangements. plus a selection of Charity Commission booklers covering roles and responsibilities of charity trustees. Additionally frustees are encouraged to aitend educational and training everhts appropriate to their roles on the board and committees. Organlsarlon The Board of Directors administers the charity and meets a minimum of four times each year. There are also sub committees of the board. Delegated Decision Making A scheme of delegation approved by the board is in place which sets out in detail the matters and powers delegated to the Chief Executive, Samantha Wells. The chief executive is ultimately accountable to the board of directors for ensuring that the hospice meets irs obligatson to perfonn its functions withtn the available financial and other resources. The hospice ensures good governance through a committee structure with sub committees for clinical quality and performance., finance.. governance. audit, and employment and risk Each committee report5 to the board 01] the matters considered by the committee. Senior Managers & Advisors Details of senior managers and advisors can be found on page 4 and 5 of these accounts. 19 /NspRINGHILL HOSPICE1989-2019 C&16É7fAtrng 30 JV8Af4 Remunerarion of Key Management Personnel TILe pay rdnge of key management personnel is determined by the trustees of the chariry through the remuneration committee. When detemiining the salary band. trustees will be informed of.. Regtonal NHS and U)cal Authority salary ranges Salarie5 for post advertised within the independent hospice sector The NHS job matching toolkit Internal Control and Risk Managemellt The directors recogthise that the acceptance of risk is inevitable in meeting the operational goals of the hospice. Therefore. a Governance, Audit and Employment Committee has been appointed to advise on the etyectiveness of the internal control and rnanagernent systems and to ensure all activities undertaken are subject to a continuous review for economy, effertivene55 and efficiency. The committee also has oversight ol financial control. governance and risk-management across all facets ofthe organisation. The management of individual risks is delegated to relevant sub committees of the board. The Governance, Audit and Employment Committee receives report5 on internal audits on both financial and non-financial matter5, inspection reports and clinical audits. It 3150 receives reports from the executive teatn and relevant sub committees on the identification and management of strategic and operarional risks. It receives presentations on major projects that have been undertaken in the hosplte. It advises rhe board otl the outcome5 of all its work throughout the year. Strategic Risks Springhill Hospice {Rochdale) holds a strategic risk register which is regularly reviewed at the appropriate C0￿Mittee5 and updated a5 required. Springhill Hospice {Rochdale) recognises the risks associated with voluntsry income From fundraisin& particularly legacies. which is an income stream that fluctuates unpredictsbly. Changes to legislation, downturns in the economy and actiwty from other charitable organisations. whether within or outside the hospice sector may all impart on fundraising revenue. In mitigation of the potential risk5. the trustees regularly review external influence5 and legislative implications. We take a proacrtve approach in encouraging supporters to consider legacies and a strategic approach to securing trusts and grant awards for both restricted and unrestricred monies. The Springhill Hospice (Services) Company Board. Springhill Hospice {LotteryJ Board and management team monitor performance of the retail outlets and lottery against budget. forecasts and trends. In April 2020 Springhill Hospice (Rochdalej renewed the contract for community services with the Heywood, Middleton & Rochdale Clinical Cotnmissioning Group until 31st March 2022 and secured an uplift in the grant. We continue to appreciate the support of local commissioners. The coronavirus pandemic has caused significant challenge throughout the hospice. and at the time of writin& continue5 to do so. The trustees are grateful to staff and volunteers who have demonstrated enormous resolve and flexibility to continue to care for patients. We remain concerned at the impatt the pandemic will have in tern]s of income generation going forward. parricularly in tern)s of event and omtnunity fundraising Eiven the significant restrictions we remain under. Plans continue to be developed and implemented in order that service provision to patienrs and families can be maintained. albeit Ill Sotne cases, in a very difterent way. and we will continue to work alongside government guidance. making necessary changes as the pandemic continue 20 /SspRINGHILL HOSPICE 1989-2019 C8t6èrAting 30 ¥867.rs Trustees, Responsibility Statement The Trustees (who are also directors of Springhill Hospice (Rochdale) for the purposes of company law) are responsible for preparing the Trustees. Annual Report (including the strategic report) and the rinancial statements in accordance wirh applicable law and United Kingdom Accounting Standard5 (United Kingdom Getlerally Accepted Accounting"Practice). Company law requires the Thstees to prepare.financial. statements for each financial year which give a true and fair view of the state of" affairs of the charitable company and the group and of income and application of resource5. including the income and expenditure, of the charitable group for that period. In preparing these finaT]cial statements. rhe Trusrees are required to= select suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charities SORP 2019 [FRS 102): make judgments and estimates that are reasonable and prudent.. srate wherher applicable UK Accounting Standards have been followed subjert to any material departures disclosed and explained in the financial ststements- prepare the financial starements on the 'going concem, basis unles5 It LS inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping adequate atcounting records that disclose with reasonable accuracy at any time the financial position of the charitsble company and the group and enable them to ensure that the financial staiements comply with the Companies Art 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking rea50n3ble steps for the prevenrion and detection of fvaud and other irregularities. In so far as the Trustees are aware: there is no relevant audit inform3tion of which the charitable company s auditor is unaware.. and the Trustees have raken all srep5 that they ought to have raken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that inforn)ation. The Trustees are responsible for the Tnaintenance and integrity of the corporate and financial informatiorl included on the charitable company's websire. Legislarion in the United Kingdom governing the preparation and di55etnination of financial statements may differ from legislation in other jurisdictions. The Trustee's Report. inrludLll8 the Strategic Report, was approved by the Board and signed on its behalf Mrs Lesley Mort Interim Chair Date 17 November 2 21 /SspRINGHILL HOSPICE 1989-2019 C8l&bTAting a) y8Afs Independent Auditor's Report to the Members and Trustees of Springhill Hospice (Rochdale) Oplnlon We have audited the financial statements ol Springhill H05PLee (Rochdale) (the 'parent charitable company,) and irs subsidiaries (the 'group J for the year ended 31 March 2021, which comprise the group consolidared sratemenr of financial activities. the group and parent charitable company balance sheet, the group cash flow statement and notes to the financial statements. including Significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Starldard 102 The Finoncial Reporting Standord applicoble the UKond Republic oflreland [United Ktngdom Generally A¢¢epted Accounting Practice)- In our opinion the financial statements.. give a true and fair view of the state of the group's and parent charitable company's affair5 a5 at 31 March 2021, and of the group's incoming resource5 and application of resources. including its income and expenditure, for the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accountlng Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis foroplnion We condutted our audit in accordance with International Standards on Auditing (UK) [ISA5 (UK)) and applicable law. Our re5pon5Lbilities utlder those standard5 are lurther described in the Auditor's responsibilities for the audit ofthe financial starements section of our reporL We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibiliries in accordance with these requiremenrs. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relat6ng to golthg concern In auditing the financial statemerhts. we have concluded that the trustees. use of the going concern basis ofaccounfing IT] the preparation olthe financial statertlents is appropriate. Based on the work we have perfornied. we have not idenrified any marerial uncertainties relating to events or conditions that, individually orcollectively. may cast significant doubt on rhe group's or parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are aurhorised for issue. 22 SPRINGHILL HOSPICE 1989-2019 Cel$krAting 30 y69.rs Our responsibilities and the responsibilitie5 of the trustees with respect to going toncern are described in the relevant sections of this report. Other inforniation The other information comprises the intorniation included in the trustee5 annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report Our opinion on the financial statements does not cover the other information and. except to the extenr otherwise explicitly stated in our reporL we do not express any form of assut3nce conclusion thereon. Our responsibiliry is to read the other information and. itl doitlg so. consider whether the other informatson i5 materially inconsistent with rhe financial statements or our knowledge obtained in the ctsurse'oF the audit or otherwise appears to be materially misstated. If we identify such material inronsistencies or apparent material misstatements, we are required to deterniine wherher this gives nse to'a material misstatement in the financial Statements themselves. If. based on the work we have."performed. we conclude that there is a material misstaternent of this other inforniation. we are required.to report tli.at fart. We have nothing to report.sn this regard.." Opinions on other matters prescribed by the Companies Art Z006 In our opinion. based on the work undertaken in the course of the audit. the information given in the trnstees. report {incorporating the strdtegic report and the directors, reportj for the financial year for which the financial statements are prepared is consistent with the financial statements.. and the strategic report and the directors, report have been prepared in ac￿rdanCe with applicable legal requirements. Matters on which we are required to report by exreption In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audiL we have not identified material tnisstatements in the strategic report and the directors. reporL We have nothing to report in respect of the following matters in relation to which the Companies Art 2006 require5 V5 to report to you if. in our opinion= adequate accounting records have not been kept by the parent charitable company. or returns adequate for our audit have not been received from brdnches not visired by us- or the parent charitable company's financial statements are not in agreement with the accounting records and returns: or certain disclosures ofdirertors. remunerarion spethfied by law are no* made: or we have not received all rhe information and explanations we require for our audiL 23 SPRINGHILL HOSPICE7989.2019 C616brating 30 y8Ars Responsibilities of trustees As explained more fully in the trustees. responsibilities statement. the trnstees (who are also the dirertors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial stateTnents and for being satisfied rhat they give a true and fair view. and for such internal control as the trustees derermine is necessary to enable the preparation of financial statements rhar are free from material misstatement. whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assesslng the group's and parent charitable company's ability to continue as a going concern. disclosin& as applicable. Tnatters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or parent charitsble company or to cease operntions. or have no realistic alrernative but ro do so. Audltor's responslbllldes for the audlt of the financlal statements We have been appointed auditor under the Companie5 Act 2006 and report in accordance with this Act. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misststemen¢ whether due to frnud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guaranree that an audit conducted in accordance with ISAS (UK) wtll always detecr a material misstatemenr when it exists. Misstarements can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the economic 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 procedures in line with our responsibiliries. outlined above. to detect material rnisstatements in respect of irregularities. including fraud. The exrent to which our procedures are capable of detecting irregularities, inclvdtng fraud is detailed below: review of financial ststement disclosure5 and vouching to supporting documentation to assess compliance with applicable laws and regulations.. auditing the risk of management override of controls. intluding the testing of journal entries and other adjustments for appropriateness- testing Ihe effectivenes5 of the cornpany's internal controls and systems- use ofanalytical procedures to review client data lor unusual trends and flvctuations. Because of the inherent limi￿￿onS of an audii. there is a risk that we will rhot detect all irregularitie5. including those leading to a material misstatement in the financial ststemeT]ts or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions refleC￿d in the financial statements. as we will be less likely to become aware of instances of norh-compliance. The risk is also greater regarding irregularitie5 occurring due to fraud rather than error. a5 fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's website at.. Audit- urdnce Standard -and- idance Standard5- 24 SPRINGHILL HOSPICE 1989-2Q19 C616krAtinS oll y8Ar< an Audit dit LaudiLaw This description forn)s part ofour auditor's repor¢ Descri on5ibilities. We communicate with those charged with governance regardin& among other matters, the planned scope and timing of the audit and significant audit findings. including any significant deficiencies in LTiternal control that we identify during our3udiL Use ofour report This report is made solely to the charitsble cotnpany's members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit.work has been undertakerh so that we fflight state ro the charitable company's members those matters'we are required kn state to them in an auditor's report and for no other purpose. To the fullest extent permtited by law. we do not ac￿pt or assume responsibility to anyone other than the charitable company and. the charitablé company's members a5 a body. for our . audit worl for this report. or for rhe opinions we have fornied: John L Wlld {SenlorSthtiitoryAuditorj Forond on behalf ofPKW LLP. StathtoryAuditor Cloth Hall, ISO Dn7ke Street. Rochdale, Lttncashlre OL16 IPX 17November2021 25 SPRINGHILL HOSPICE1989-2019 C816k7fAting 30 y8Arg Consolidated Statement of Financial Activities (including consolidated income and expenditure account) For the year ended 31 March 2021 Note Unrestrfi(trd funds Restyi¢red nds Toul fwid5 2021 Total funds 2020 INCOME FROM= VoluDtsry income Donation5 and legacies Charitsble activiries Orher trading activities Investsnents TOTAL JT4COME 1.094.059 1066.728 8S7.674 42,113 4 060.574 930,653 110.275 2.024.712 2,177,003 857,674 42.113 S.101.502 1.095.022 2.443,271 1,499,756 48,068 5,Q86.117 1.040.92B EXPENDITURE ON- Raising f4Jnds Charitable activiries 889.432 189&562 889,432 3.90&037 1,082,158 3.991,748 1.011.475 TOTAL EXPENDITURE 3.785.994 I,Qll.47S 4.797.469 5.073.906 Ner Income before Inv¢stmentplnslOosses) 274,580 29.453 304.033 12,211 NetGains/(Lossesl on Investsnents 13 2.569 2.569 1.090 Net income/(expeNdiwre) beforetax io 277.149 29.453 30&602 11.121 Taxation Net Income/(expenditsre) Corthe year 277.149 29.453 306.602 11.121 Transfer Between Futwjs 19 30&902 t308.902} NETMOVEMENT IN FUND5 586.051 t279.M9} 306.602 11.121 FUND BALANCES BROUGHT FORWARD AT 15tApril 7.946.322 428.616 8,374,938 8,363,817 FUND BAiANCE5 CARRIEO FORWAROAT 31st March 19 8.532.373 149.167 8.681.540 8.374.938 There were no other recognisedgainsor losses other than those liswl aix)ve and the net income forthe year. All income and expEndi￿rE deTives from continuingacbwtie& ThE surplusof the parent charity for the year forGimpaniesArtpurposes i% E394.710 {2020.. £32.018}. As perniitted by Secbon 408 oftheCompaniesAct 2006. no separa* Sra*mentoFFinanciil Actiwtiesispr25ented iti respect of the parentcharity. See nDtt 19 for the comparativeconsolidated suremeDiof financial aL%ivitiesanalysed by fund& 26 /XspRINGHILL HOSPICE 1989-2019 C616krJtin8 30 ¥8Jrg Balance Sheet Forthe year ended 31 March 2021 Group Charlty 2020 Note Z021 2020 2021 FIXED ASSETS Tangible assets for use bythe charity Long Leasehold of Land Investments 12 2.575,125 28.000 961.847 3.564.972 2.690.078 28.000 959.27B 3.677.356 2,285,986 28.000 961.947 3.275.933 2,422,399 28,000 959.37B 3.409.777 13 CURRENT ASs￿s Stocks Debtoj Short-tem cash investments Cash at bank and in hand 14 15 16 16 3.123 554.639 10,997 632,774 303.772 4,084.233 5.031,776 I.HO,934 1.044.041 303.772 3.7BI.938 5,129,751 4.943.753 5.501,515 4,298,007 5.738,941 CREDITORS: amounts falling due within one year 17 [384.947) (334.194J [288,365] (207.729) NET CURRENT ASSETS 5.116.568 4.697.582 5.450.576 4.922.OZ2 TOTAL ASSETS LESS CURRRENT LIABILITIES 8.681.540 8.374.938 8.726.509 8.331.799 Ass￿$. 8,681.S40 8.374.93B 8.726.S09 8,331.799 FUNDS Unrestricted Funds Restricted funds TOTAL FUNDS 8.532,373 149.167 8.681.540 7,946,322 42B,616 8.374,938 8.577,342 149,167 8.726,509 7.903.183 428.616 8.331.799 19 The financial statemenrs were approved and authorised for issue by the Board on 17 November 2021 Signed on behalf of the Board of Trustees julia Heap HonoraryTreasurer The notes 00 pages 29 to 48 fom partof these financial stsremen Company rewstration number 02325905 27 SPRINGHILL HOSPICE 7989.2019 CslAbrAtirtg ZJ y89.r£ Notes to the Financial Statements I. ACCOUNTING POLICIES Company and charitable s¢atU5 Springhill Hospice, a public berlefit entity. is incorporated in England and Wales as a company litnited by guaranree not having a share capital. There are currently nine Trustees who are also the members of the company. Each member has undertaken to contribute to rhe assets in the event of winding up a sum not exceeding £1. The charity is a registered charity. The registered office is given on page S. Basls of accountlng The financial statements have been prepared under the historical c05t convention. with the exception of investments which have been included at market value. and in accordance with Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their atcounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland issued in Octt)ber 2019. the Financial Reportirhg Standard applicable in the UK and Republic of Ireland (FRS 102], the Companies Act 2006 and UK Generdlly Accepted Accounting Practice. The principal accounting policies are ser out below. Preparation of finan¢i¥l statements- going Concern basls The charity and group's activities. together with the lattors likely to affect its tuture development. performance and position are set out in the Trustees Report which also describes the financial position of the group including its cash. investments and reserwes policies. The group foreca5rs and projections. taking account of reasonably possible change5 in donation5. legacies. fundraising activities and orher Income. show that the group should be able to operdte with the curyent level of reserves it has. After rnaking enquiries. the Trustees have a reasonable expectation that the charity and the group have adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual report and financial sratements. Basis of con501idatiOD Group financial statements have been prepared in respert of the charity and its wlEolly owned subsidiary undert3king Springhill Hosptce (Services) Company Limited. incorporating Springhill Hospice [Lottery) Limited. These financial statements have been consolidated on a line by line basL5 and the results of the subsidiary undertaking are disdosed in note 13. Cash flow statement In accordance with FRS 102 the group istxempt frorn the requirement to present its parent charity cash flow statement Incolne Income is recognised when the group and charity has entitlement to the fund5. any performance condition5 attached to the item[s) of income have been met: it is probable that the income will be received and the amount can be measured reliably. Donotionsandfvndn7isin9 activities Donations and all other receipts from fundraising are reported gross and the re13ted fundraising costs are reported in the costs of raising fund& Cash collettions to which the charity is entitled but which it has not received by the year end are included in income in the statement of financial activities and shown as debtors in the balance sheeL 29 /xspRINGHILL HOSPICE1989-2019 C816tsrAtin9 Xl y8Afs I. ACCOUNTING POLICIES (continued) In¢ome {cOntIn￿ed} Legacies Legacies are accoutlted for when conditions for receipt have been met Material legacies receivable at the year.end are included ar their probate value. Grants recelvuble Income from grants 15 included in income when receivable. except a5 follows.. When donors specify Ehar granrs given to the chariry must be used in future accounting periods. the income is deferred until those periods. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income. the income is deferred and not included in income until pre-conditions for use have been met. When donors specify that grants. including. capital grants are particular restricted purposes. which do not amount to pre-conditions regarding entitlement. this income is included in income of resrricred funds when receivable. TradEng activities Income from trading activities includes fundraising revenue as well as sales rec(Ignised in the group's trading subsidiary. The trading subsidiary's ￿rn0ver represents rhe net amount receivable from all activities, excluding value added tax. Tumover fvom the sale of goods is recognised upon exchange of goods for p3ymenL Income from lottery ticket sales comprises income in relation to draws held in the period and is recognised upon complerion of the draw. Receipts in advance of future drdws are included in deferred income until the date ofthe draw. Invesrment income Investment income is accounted for when receivable. Donotedgoods and services Donated profe55Lonal services and donated frdcilities are recognlsed as income when the charity has control over the item. any condition5 associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item 15 probable and that economic benefit can be measured reliably. In accordance whth the SORP 2019, generdl volunteer time is not recognised - refer to the Trustees, annual report for more inforTnats"on about their contributioT]. On receipL donated proles5ional services and donated facilities are recognised on the ba515 Of the Wdlue of the gift to the charity which is the amount the charity would have been wtlling to pay to obtain services or facilities of equivalent economic benefit on the open market: a corresponding amount is then recognL5ed in expenditure in the period of receipL 30 SPRINGHILL HOSPICE 1989-2019 C6lebrAtir,g V I. ACCOUNTING POLICIES (contlnued) Expeftd1￿re Expenditure is recognised once there is a legal or consiructive obligation to make a payment to a third party. it 15 probable that settlement will be required and the amount of the obligation can be measured reliably. The chariry's operating costs include staff costs. premises costs. governance costs and other relaied Costs. Such support Costs are allocated between cost of taising funds and charitable expenditure. Stsff Costs are allocated according to the costs of staff workn.ng direttly in the relevant activity and property Costs are allocated according to the space used by each activity. Where costs are not directly arrributable to any activity, they have been apportioned using an appropriate basis. Governance costs represent expenditure incurred in the management of the charity's assets. organisational administration, and compliance with constirutional and statutory requirements Choritoble expenditure Costs of activities in furtherance of the charity's objeLts include all expenditure dirertly related to the objects of the charity. Costof misingfvnds Cost of raising funds includes the followir)g: Fyndroisins ondpublicity This represents expenditure in relation to 5tsff rneMbe￿ who are dirertly engaged in fundraisin& and related costs of the fundrdising activity- Lottery ond n7ffie prizes and orgonisation costs This represents expenditure by the lottery company in relation to costs directly involved in organising the lorrery and raffle. including the purchase olprizes and prize money. Other costs ossociotsd WRth truding Gctivities This represents other costs incurred by the trading company for fvndraising activitie5. Fund accountlng The chariry maintains various types of funds as follows.. Restrictedfynds Restricted funds are funds subject to specific restrictions imposed by the funding authorities and donors. These funds are not available for the Trustees to apply at their discretion. The purpose and use of the restricted funds is set out in the note5 to the financial starements. Unre5trictedfunds Genernl unrestrictedtunds General unrestricted funds represent fvnds which are expendable at the discretion of the Trustees itl furtherance of the objetts of the charity. Such ￿ndS may be held in order to finance both working capital and capital invesrmenL Designatsdfvnd5 Designated fund5 are amounts which have been put aside at the discretion of the Trustees. 31 SPRINGHILL HOSPICE1989-2019 C616brat(rtg &) ¥6Ar£ I. ACCOUNTING POLICIES (¢ontlnu¢d) Taxatlon The parent company is a registered charity and has no liability to torpordtion tax on its charitable activities under the Corporation Tax Act 2010 (chapters 2 and 3 of part ii. section 466 onwards) or Sertion 256 of the Taxation for Chargeable Gains Act 1992. to the extent surpluses are applied to its haritable purposes. Current tsx for the subsidiary company. comprising UK corporarion tax, is provided at amounts expected to be paid (or recovered) using the rax rates and laws thar have been enacted or substaniively enarted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where trdnsartions or events that result in an obligation to pay more tax In the future or a right to pay less tax in the future have occurred at the balance Sheet date. Titning differences are differences between the trdding company's tsxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the flnancial statements. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date rhat are experted to apply to the reversal of the timing difference. Deferred tax is measured on a non-discounred basis. Tangible fixed assets and depredatlon Tangible fixed assets are stated ar cosL net of depreciation and any provision for impairnient. Depreciation is provided on all tangible fixed assets. other than freehold land, at rates calculated to write off the cost or valvats'on, less esumated residual value. of each asset on a strdight line basis over its expected useful life. as follows= Freehold buildings Freehold building5 improvements Shop buildings & improvements Leasehold improvements Fixtures. furniture and equipment So years 10- 20 years 25 years 5 years 5 yeays Investments Investments are included in the financial st3tements at market value. The Statement of Fitlancial Activiries includes the ner gains and losses arising on revaluations and disposals throughout the year. Current investments represent monie5 invested in short-term liquid money market instruments. The best evidence of fair value is a quoted price for an identical asset in an active market When quoted prices are tsrlavailable. rhe price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significanr change in economic circumstances or a significant lapse of time since the rransaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value. the fair Value is estimated by using a valuation techrLiqUe. In the parent charity balance sheeL inve5trthents in subsidiary undertakings are measured at cost less ilnpairment. 32 /NspRINGHILL HOSPICE 1989-2019 C616&f14ti rig .¥&Arc I. ACCOUNTING POLICIES {continued) Stocks Stock5 are stated at the lower of cost and estimated selling price le5S Costs to sell. which is equivalent to the net realisable value. Cost is calculared using Ihe FIFO {first-in. first-outj Tnethod. Provision is made ftbr obsolete, slow-moving or delettkve items where appropriate. Items donated for resale are not included in the financial statements until they are sold. Operating leases Rentals under operating leases are charged on a straight-line basis over the lease term. even if the payments are not rnade on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarty spread on a strdight-line basis over the lease rerni. Employee benefits For defined contribution pension schemes and employees in the NHS pension scheme the amount charged to the Statement of Financial Activities in respect of pension costs and other retirettlent benefits is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepaymenrs in the balance sheeL Financial instruments Financial assets and finarlcial liabilities are recognised when the gr(>up becomes a party to the ontractual provision5 of the itkstrument. All financial assets and liabilities are initially measured at transaction price {including trdn5action costs)- The ch3rity and group only have financial assets and financial liabilities of a kind that qualify as basic financial instruments. With the exception of fixed asset investments. basic financial instruments are initially recognised at transaction value and subsequently measured at theirsettlement value. Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepaymetlts are valued at rhe amount prepaid net of any trade discounts due. Cash and cash equivalents includes cash and short term highly liquid investments with a Short maturity of three months or less fvom the date of acqui5itiorh or opening ofthe deposit or similar account. Creditors and provisions are recognised where the chariry has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligarion can be measured or estimated reliably. Creditors arld provisions are normally recognised at rheir settlement amount after allowing for any trade discounts due. Z. CRITICAL ACCOUNTING IUDGEMENTS AND KEY SOURCE OF ESTIMATION UNCERTAINTY In the application of the group's accounting poltcies. which are described in note I, the Trustees are required to make judgements. estimates and assumptions about the carrying amounts of assets and liabilitie5 that are not readily apparent from orher sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevanr. Acrual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate 15 revised if the revision affects only that period. or in the period of the.revision and future periods if the revision affecrs both current and future periods. The Tru5tee5 do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed above. 33 /NspRINGHILL HOSPICE1989-2019 C616ÉJrAtirtg a) ¥6Ars "ANALYSIS OF INCOME FROM DONATIONSAND LEGAaFS 2021 2020 DDnations Legacies Grants 584.503 335,552 1104.657 2,024,712 743.039 256.573 95,410 1,095 022 ANALYSIS OF INCOME FROM cHARITABLEAcf￿￿TES 2021 2020 NHS Contratts Anthlliary tharitable activity income- catering Z,160,302 16,701 2.177.003 2,413.168 3L.103 2,443.271 ANALYSIS OF INCOME FROM OTHER TRADING AcfMTIES 2021 2020 Fundraisin8 actiwties Retsil income i&)ttery and raffle income from tradin8 subsidiary 128.377 172.347 556,950 857.674 223,877 678,698 597.181 1.499,756 INVE￿MENT INCOME 2021 2020 Intere5t- Fixed Income Securities Intsrest- Deposits 23,361 18,752 42,113 21.804 26,264 48.068 ANALYSIS OF EXPENDITUREON RAISING FUNDS 2021 Total 2020 Total Employee tosts Olyice and sundry COSLS Direct costs Share ofsupport Costs LoEtery and raffle prizes and or¥anisation ¢osts Other costs asso¢ia¢ed with trading actiwty 202.367 36.354 30,202 4.453 176,353 439.703 889,432 196,385 16,442 75.139 4.470 212,46D 577.262 1.082 158 34 /NspRINGHILL HOSPICE1989-2079 C816èrAtirtg 3D ¥64r ANALYSIS OF EXPENDITURE ON CHARITABLEA￿1￿lEs Artlvltles undertake dirertly 5￿ppOrt 2021 Total 2021 Provision of H05pice services= In-patient care Community Service Education 1.654.169 1.138,634 1,453 2.794.256 1.094.926 18.855 2.749,095 1.157.489 1.453 3.908,037 1,113.781 Actlvllies ndertaken dire¢tly Support Z020 T¥Aal 2020 . Provision of Hospice seThices= In-patient care Communityserrice Education 1.736,618 1.134.7M IS.879 2.887,241 I.OB6,892 17,615 2.823.510 I.JS2,359 15,879 3.991,748 1.104.507 35 /NspRINGHILL HOSPICE1989.2019 C816èratirt9 30 y8Ars ANALYSIS OFSUPPORT cosrs ChaTilabl¢ Artivitie$ Total Ral*n8 funds Total Patlent ca 2021 Total 2021 Governance Information Technolo&v Administration Support Premises Costs Catering Depreciation 46.271 54.781 404.883 298,694 136.070 173.082 1.113.781 46.271 54.781 404.883 298.694 136,070 173.082 1.113.781 14.489 60,760 54.781 404.883 298.694 136,070 173.082 1.128.269 14.489 Charitable Artlvities Total Raising funds Total PatieDI (are 2020 Total 2020 Governante Inforrnation Te¢hnology Adrninistration Support Premises Costs Catering Dep￿tIatiOn 44,819 45.867 326.352 332.965 159.592 194,913 1.104.508 44.819 45,867 326.352 332.965 IS9,592 194,913 1.104.508 16,542 61,361 45,867 326.352 332.965 159.592 194,913 1.121.050 16.542 Alloation of support ¢osts The H05pice allocares Lts SUPPOrtcosts as shown based on an annual estimation of the time applied to these areas. Thls basls reflects the use ofthese resources. 36 /SspRINGHILL HOSPICE 1989-2019 C81ebfatillg 30 ¥&ar£ 10. NET INCOMEIEXPENDITURE FOR THE YEAR 2021 20ZO Net income is stated after chargingl[crediting) Depreciation of owned asset Rentals under operats.ng leases Land and buildings Other 200,149 207.844 24,804 23.258 36,542 24,398 Auditor's remuneration Fees payable to the charity's auditor lorthe audit ofthe charity's annual financial statements 10.500 11.500 Audit of the Charity's subsidiaries 10.000 9,670 37 SPRINGHILL HOSPICE 1989.2019 C8L6kr3tirtg 30 y6Ars 11. ANALYSIS OFSTAFF COSTS. TRU￿EE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL Group Chartty The average monthly numberof wte employeeswas: 2021 2020 2021 No. 2020 No. Charitable actiwty Raising funds Trading actiwties Support 68 70 68 70 17 zz 116 19 24 121 22 99 24 102 The Kroup averaRe nurnberof employees forthe yearended 31sr March 2021 was 150 (31st March 2020 was IS6) Theiraggregate remuneration comprised: Group Charity 2021 2020 2021 2020 Wages and salaries Social security costs Pension costs 3,186.647 264.035 305.545 3.756.227 3.271.904 266,602 319.263 3.857.769 2,928.234 250.674 299,777 3,478.685 2,949.612 250,145 311867 3,511,624 The numberofGroup ernployee5 emoluments. excludinE pension contributions and employer's national insurance. but including benefits in kind. whidj were in excess of£60.000 was= 2021 2020 E60,001- £70.000 70,001- £80.000 £80.001- £90.000 £90.001- £100.000 Key ManagementPersonnel The hospice considers that the key m3nagement peTsonnel for the Groupand the charitycomprise the trusiees and the senior management team. being the chiefexecutive officerand two oiherkey direcrojs. The total remuner3lion {LtJcluding pension contnbutions and employer s national insurance costs) of the key management personnel of the chariry and group for the year totalled E27Z.06712020.. £267.612). Trustees remuneration No Trusrees received any remuneration duringthe current or prioryear. No travel and subsistence expenses were paid durin8 iheyear (2020.. £Nil) 38 /XspRINGHILL HOSPICE 1989 2C$19 C818brAtIllg 30 y8ars 12 TANGIBLE FIXED ASSETS FOR USE BY THE CHARITY Hospi Building5 u￿rity Shops Hosplce Furniture & Equipment Shop5 Fixtures & Equipment GROUP Totsl Cost At l April 2020 Additions &642.820 12.452 662.071 814.202 72.744 289,090 5,408,183 85,196 At 31 March 2021 3.655.272 662.071 886.946 289.090 5.493,379 Accumulated depretiation At l April 2020 Charge for the year 1.642.068 115101 281,380 20,988 694.474 34.456 100,183 29.604 2,718,105 200.149 At 31 March 2021 1.757.169 302.368 728.930 129.787 2 918,254 Net bookvalue At 31 March 2021 I￿98.103 359,703 158.016 159.303 2.575,125 At 31 March 2020 2 000.752 380 691 119.728 188,907 2 690,078 Hosplce Buildin8S arity Shops Hospice Furniture & Equipment Shops Fixtures & Equipment CHAIUTY Totsl Cost At IApri12020 Additions Disposa]s 3.642.820 12.452 489.967 814.202 72.744 145,483 5,092,472 85,196 85.636 At 31 March 2021 3 655 272 886.946 59,847 5,092.032 Accumulated depreciation At l April 2020 Charge for the year Disp05als 1.642.068 115.101 260.728 14.104 694.474 34.456 72.803 9.421 2,670.073 173,082 37.109 At 31 March 2021 1757169 274032 728.930 45,115 2,806,046 Netbook value At 31 March 20ZI 1.898.103 Z15.13S 158,016 14,732 2.285,986 At 31 March 2020 2 1)00,752 229 239 119.728 72,680 2.422.399 39 /XspRINGHILL HOSPICE1989-2019 C8le&rAt(ng 30 y6dr4 13 FIXEDASSET INVESTMENTS Group &Cbarity 2021 2020 Market value at l April 2020 Net Investfftent (Loss)/ Gain 959.278 2.569 960.368 (1.090) Marketvalue at 31 Marrh 2021 961.847 959278 Invesiment in Subsidiary Trading Company Charity Investment loo loo Joo loo The charity owns the et)tire issued ordinary share capital ofspringhiu Hospice (Services) Limited. a company incorporated and regisrered in England and Wales (company registrdion No. 02802521). whose principal activity is the managernent of the charity's trading attivities. The result ofthe charity'5 trading acuviues through its subsidiary undertaking is detailed below. Springhill Hospice {Se￿iCe$) Limited's taxable profits are donated to the charity annually. 40 SPRINGHILL HOSPICE1989-2019 C616tyrAti*ls 30 y8Ars Springhill Hospice {Rochdale) NOTES TO THE FINANCIAL STATEMENTS forthe yearended 31st March 2021 13 FIXED ASSET JNVWMENTS (continued) RESULTS OFTRADING SUB51DIARY The results for SprinEhill (Services) Lirnitd incorpDratineSpringhill H05pice IL£*ttery) Limlted. a wholly ovrned subsidiary of Sprikghlll Hosplce [A￿hdale) forthe year ended 31st March 2021 aregjven below 2021 2020 Turnover Cost of sales 729.297 99,745 1.276,825 112.038 Gross profil Administrative expenses 629.5S2 506.276 123.276 172.006 295,282 126 295,408 1.164,787 665.612 499.175 95.410 594,585 315 594,900 Other operating income Operating prnfit Interest receivable Profit before taxation Tax on profit Profit for the financial yearattributable to the equity shareholders ofthe COmPaDy 295.408 594,900 Statejnentof changes in eqyity Profitand loss ar￿Unt Balance at l April 2019 Profit after tax forthe year Gift atd distribution Balance at 31 March 2020 594,900 551.761 43,139 Profit after tax forthe year Gift aid distribution Balance at 31 Marth 2021 295,408 383.516 44,969) BALANCE SHEEr The a8gregate ofthe assets and liabilities was- 2021 2020 Fixed assets Current assets Creditors.. arnounts falling due within one year 289.139 680.371 1.014.379 267.679 436.038 660,478 Total net assets 44.669 43,239 41 SPRINGHILL HOSPICE 1989-2019 C61ebrAtcn9 a) y8Ar6 14. STOCKS Group zo21 Charity 2021 20ZO 2020 Finished goods and goods for resale 3.123 10.997 IS. DEBTORS Group 2021 Chartty 2021 2020 2020 Trade debtors VAT Recoverable Prepaymenrs and accrued income Other debtols Amounts due frotn subsidiary company 86.889 72.586 39.243 355.921 12.671 292.480 63.814 263.809 78.708 71,582 33.054 339.793 917.797 1,440,934 12,671 278,601 52,678 166.078 534 013 1,044,041 S54.639 632.774 16. CASH AND CASH EQUIVALENTS Group 2020 tharlty 2020 2021 2021 Tenn dep05irs over l year Interesr bearing accounts Current accounts and cash 303.772 3.966.282 117.951 4,388.005 303.772 3,781.378 560 4,085,710 4.670.938 272.815 4.943.753 4.297,447 560 4,298,007 17. CREDITORS {Amowits fall1￿ due ￿thIn one yearj Group 2020 Charity 2020 2021 2021 Trade Credirors Accruals and defe￿ed income NHS Creditor Taxation and so¢ial sethjrity Other credito 113,347 140.307 23.221 64.413 43.659 384.947 128.607 93.518 10.700 60,676 40,693 334.194 105,066 52,006 23.221 64.413 43,659 288 365 69,460 26.ZOO 10.700 60,676 40,693 207.729 42 /XspRINGHILL OSPICE 1989-2019 C816brAting 3J y6ar< 18. COMPARATIVE CONSOLIDATED ￿ATEMENT OF FINANaAL AalVITIES UttreS￿Cted Restslcted funds funds Total funds 2020 INCOME FROM: Voluntary income Donations and legacies Charitable activities Other trading activities Investments 1.041,859 972.749 1.499.756 48.068 53,163 1,470,522 1.095,022 2.443,271 1,499,756 48,068 TOTAL INCOME 3.562 432 1,523,685 5,086,117 EXPENDITURE ON: Ralsing funds Charitable activitTes TOTAL EXPENDITURE 1.082,158 2 636,248 3.718,406 1,082,158 3,991,748 5,073,906 1.355.500 1.355,500 Net Income/(Expenditure) before investmentg4ins/Oosses) (155.974) 168.185 12,211 Net Gainsl[Losses) on Investments 13 1,090 1,090 Net income/(expenditure) before tax 10 (157,064J 168,185 11,121 Taxation Net Incotne/(expenditure) forthe year (157.064) 168.185 11,121 Transfer Between Funds 19 16.448 {16.448) NET MOVEMENT IN FUNDS (140.616) 151.737 11.121 FUND BAIANCES BROUGHT FORWARD AT 1stAprii 2019 8.086.938 276.879 8,363,817 FUND BALANCESCARRIED FORWARDAT 31stMarch2020 19 7.946.322 428.616 8.374,938 43 SPRINGHILL NOSPICE1989.2019 C8l$krating 30 y&Ars 19 ￿ATEMENT OF RESEIiVES 2021 Gro￿￿ At l April 2020 FJpeDdiiure (ind tsxaiion) Gainsl Oosses) Tr¥n5fers Ai31 Ma￿￿ 2021 UnrestrlLted fund5: Genernl fund 4.197.491 4.060.$74 (3.785.994), 2.569 338.855 4.813,495 Desi8nated Fixed assets Information TethrbDlogy Property refurbi5hmentand development 1690.078 {114,953) 8S.000 Z.$75.125 85.000 1.058.753 1,058,753 UDre5trictsd fiJnd5 7,946,322 4.060574 (3.78S.994) 2569 308.902 8,532,373 Re5trictod Fund As detailed below 428,616 1.04(J,928 (1.011.475) 1308.902) 149.167 8.374.938 5.101.502 . 4.797.469 2.569 8,691,540 2021 CHARITY Al l Aprfl 2020 Galthsl Ooss¢s) Trnnsfers At 31 March 20ZI Uttrestrirttd fundF. Generdl fvnd Designared funds Fixed assets Subsidiary Inforniation Technology Property refurbishrnentand development 4.421029 3.541661 (3.179.973) 2.569 360,315 5.147.601 2.422,399 1136.413) 2.285.986 8S.000 BS,000 1.058.753 Unrestricted fijnds Restrlcied Funds Hospi¢e Edutsdon Homely Remedies Community Services NHSE l HospSce UK Springhill Craft5 Other Income& Grants 7.903.183 3.542.661 (3.179.973) 2.569 308,902 ,577,342 78.216 6.665 284.497 78.216 6.665 (284.4971 898.529 869 141.530 4.583.589 (898,529) 17.282 41.956 8.331.799 18.151 112.946 4.191.44B 24.40$ 2.569 8.726 $09 Unrestdtted funds aRseparated into de51gn3ted Fund&wthich are setaside in supportofspecific ￿t￿re Tequirements or circumstances. and theEeneral fvnd,which is thevalue ofreserves fKeeiy•vailable for￿rUle use. Separate desiEnated fvnds are m3inraSDed S)r. Fixed assets." these will fvnd FutsredeprecIa￿n thatges. Fund$a￿￿3nsferted ea¢hytarro/from thÈgeneral ￿n￿ to match the value ofthose charges. Propertyrethtbishment&developmeot.. these are being setaside to supportplanned major InvestsJent in ourproperty a55ets Funds ajy tran5fEfTEd each yearrolftDm the General fund in accordance with the lare5t 355es5mentoFtuture plans. InvestmentSTh Snforn￿tt0n technology hardwar4 agJEed bythe 8oaYd in 2020121 butDottyaThsarted ￿ntil tht next fina￿la] year Restrirted fvnd5 relateto don*ron5 OTgrnntsgTven with restrictions made by the donor. Once the c3Pital purhases have been made the restnction is released and transferred io the fixed assetdesi8rtated ￿tsd. In a change from PTEViQUSyear5. the Hosplce no longercategorizes the Communlty Ser¥ices wthrrart8S ￿$trIcted 44 SPRINGHILL HOSPICE 1989-2019 f616bfAti rt9 30 yBg.r, 19.sfATiJIENT OFRESERVLS(riiiitiny¢d) 21120 Group Af iApril E¥p•ndiliire Caithsl TThnrferS At31 IAat(h 2019 (lud taxatl(*L) Oosses) 2020 Ursrestrfcted fvJnds.' GÉne￿ fU￿d 4.235.967 3.56L432 1171&406} (1.090) 118.588 4.197.491 Oesi8nat8dfuThls Flxed assets 1791218 11011401 1690.078 Property refuthshmentand developmer*t 'LiiS&753 l.¢J$8.753 UnTestyKtedfunds &IJ86.93B 3.S62.432 13.7L8.4061 (1.090) 16.448 7.94&322 Restrfcted Fun A5detril2dbplow 2Y6.879 1523M5 11.3SSS [1&4 4Z8.616 363M17 5.096.Il7 5.073.906 374.938 2020 CMARirY At l April Inro•r EX￿di1￿re Gai•s1 TrzDsl¢w5 At 31 btart 2019 1105ses) zozo unres￿¢ted fvnd%' Gene￿1 fund 4.454.4S3 2.742.SB9 12.941.?Q21 {1.090) 167. 4.421029 Desi￿ated Fixed assets 2.573.730 1151.3311 2.422.399 SubsldSary PropeTty refurbishmeNand develoMnent 1.05&753 l.0S&753 nrestritted fv￿5 2.742.589 11941.?021 11.0901 1&448 7.903.183 RE%rrilled funds.. Hospice Edvc4fj0 53.Z74 1.9Z6 19.0503 31066 78.216 Homely RemediE5 iO.t 13.3353 6.66$ nequ&litie5 Trainifflg 13.721 (2.0481 11.IS2.621) Community5er¥icts 177374 LZ61582 (1.8381 2B4.497 mPETFund1￿ IHMRI Sprtnghlllcrafts OtheTIDcorneand GTJM5 17520 {l7.S20) 14.990 2.700 53.27 ?11.SS6 l47.477 1188.03BI 117.4B3} 41.9S6 .363ffj17 4.266.274 4297.202 .385.073 45 /XspRINGHILL HOSPICE1989-2019 G8le&rat(ng 3) y8ar4 20. ANALYSIS OF ASSETS AND LIABILITIES BETWEEN FUNDS Unrestrirted funds Restrirted funds Totsl ZOZI GROUP Tangible fixed assets Long leashold of land Investtnents Current assets Current liabilities At31 March 2021 2.57S.125 28,000 61.847 5.352,348 384.947 8 532 373 2.575.125 28.000 961.847 5.501.515 384.947 8 681 540 149.167 149.167 2021 CHARITY Tangible fixed assets Long leashold of land Investments Currentassets Current liabilities At31Marth2021 2.285.986 28.000 961.947 5.589,774 288.365 8.577,342 2,285,986 28,000 961,947 5.738,941 288,365 8.726.509 149.167 149.167 2020GROUP Tangible fixed assets Long leashold of land Investments Current assets Current liabilities At31 March 2020 2,690.078 28.000 959,278 4.603,160 334,194 7.946.322 2.690.078 28.000 959,278 5,031.776 334,194 8,374.938 428.616 428.616 2020 CHARITY rangible fixed assets Long leashold of land Investments Current assets Current liabilities At31March 2020 2.422.399 28.000 959.378 4,701.135 207.729 7 903.183 2.422.399 28,000 959,378 5.129.751 207 729 8 331.799 428.616 428.616 46 SPRINGHILL HOSPICE1989-2019 21. EMPLOYEE REfiREmE￿r BENEFITS Group and tharity Thp charity has three pensions sthemes forstaff and these are described below. Contribuilrpn$ Paid 2021 E'ooo 148 142 16 306 Re¢ognlsed ID SOFA zozi £'ooo Pension Stheme NHS Pension Aegon NOW 142 16 306 Natlonal Health SuperannuatloD Stheme The Hospice is an admitted body forthe purposes of the National Health Setvice Supernnnuation Scheme and members ofstaff who are fonner NHS employees are able to continue rnernbership ofthe Scheme during thÈiremploymentat Springhill. The assets of the scheme are held separately by the National Health Service Superannuation Scheme. CDntribution5 to the scheme are charged to the Statement of Financial Activitie5 so a5 to spread the cost of Pensions over etnployees working lives with the 8roup. This pension scheme does not have a real pension tund. But as a statutory scheme. benefits are hjlly guaranteed by the GovernJnell¢ Contributions fvom both members and e￿plOyerS are paid to the Exchequer. which meetthe cost ofincreasing benefits each year by the rate of inflatiorL This extra cost is not met bycontributiorts from scheme members or ernployers. As a result of the nature ofthe pension s¢heme. there ary no separately identifiable assets and liabilities which can be identified a5 relating to Springhill Hospice IRochdale) therefore. the scheme has been accounted foras a defined conrribution scheme. The pension cost tharge for the year amounted to E147,66B12020.. £142,276]. An amount ofE20.490 [2020.. E19.3161 is included in creditors. being the outsr2ndin8 contributions to rhe scheme at the balance sheer date. Corporate Penslon Scheme The corpordte pension scherne is operdted by Aegon. Etnployee contiibutions are collected by SpriTtghill Hospice and with the 14% employer5 contribution passed to Ae80n. All the assets of the scheme are held by Ae8on. As a result there are no 5epar3tely identifiablt a55ets or liabilities which be identified as relatingto Sprin8hill Hospice. Therefore the Scheme has bee accounted fora5 a defined contribution scheme. The pertsion cosi chatge forthe yearam0un￿d to £142.LJ0412020: £162.92S). An amount of£l4.984 {2020= £18,025) is included in credit015. being the outstsnding contribution5 to the scheme atthe balance sheetdate. 47 /XspRINGHILL HOSPICE1989-2019 C616&raiins 30 ¥&Ars 21. FMPLOYEE RETIREMENT B￿4ÉFrrS (continued) NOWautoenrrJlmeni 5therne Eligible employees are automatically enrolled in to the NOW pension scheme. Employee conrriburions are colletted by Springhill and passed to NOW. A]1 the assets ofthe scheme are held by NOW. As a result there are no separately idenrifiable assets or liabilithes which can be identified as t*latin8 to Springhill Hospice. Therefore the scheme has been accounted foras a defined contribution scheme. The pension c05t charge forthe yearamounted to £15.873 {2020= £14,062). An arnountof£3.743 (2020.. £3.351) is included in creditors. being the outstandinzcontributions to the scheme at the balance sheet date. 22. FINANCIAL COMMITMEKrs Operntlng lease tommltmetsts The total future minimum lease payments undernon-cancellable operating leases: 2021 2020 GROUP IAnd and buildin IAnd and buildings Other Other Leases which expire- within one year between one and five years after five year5 B.BOO 8.800 1,107 8,800 8.800 1,107 Land and b￿sId&￿&s Land aDd bwlldlngs CHARrrY oiher Other Lease5 which expire: within one year within one to five years over five year5 1.107 1.107 23 RELATED PARTyTIW15A￿j0Ns All transartions between the charity and its subsidiary. Springhill Iservicesl knmited. are eliminated on con501idation. Ilo trustee received paymeE)t forpt))fessional orotherservices supplied to the charity duringtheyear (2020.. Nil) The total value of donations received from thetrusteesiluringtheyearwas £l.012.5012020.. £40). 48