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2021-03-31-accounts

Bassetlaw Hospice Werking within the community to provide Hospice Care

TRUSTEES REPORT & FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

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Registered Charity Number: 701876

BASSETLAW HOSPICE OF THE GOOD SHEPHERD

TRUSTEE REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

CONTENTS

Page

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|||||||| |---|---|---|---|---|---|---| |A|message from|the|Chairman|1| |Report|of the|Trustees| |Objectives|and|activities|for the|public|benefit|2| |A|review|of our achievements|and|performance|3-5| |Volunteers|5-6| |Fundraising|6-7| |Financial|summary|7-8| |Risk|management|8-9| |Structure,|Governance|and|Management|9-10| |Report|of the|Independent|Auditors|11-13| |Statement|of|Financial|Activities|14| |Statement|of Financial|Position|15| |Statement of cash|flows|16| |Notes|forming|part of the|Financial|Statements|17-24| |The following|pages do|not form|part|of the|statutory accounts:| |Analysis|of Statement|of Financial|Activities|25|-|28|

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BASSETLAW HOSPICE OF THE GOOD SHEPHERD

A MESSAGE FROM THE CHAIRMAN

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This year has been interesting to say the least. We have had to handle a pandemic which meant we had to adjust our ways of working. The Support and Wellbeing Centre was unable to function as planned and we are pleased to announce that this service is now fully open. Patients in IPU were cared for as normal thanks to our dedicated team. We moved back to our rebuilt hospice in March 2020 which has aided us in regards to infection control during the pandemic.

The charity faced extreme difficulties with staff on Furlough, shops being closed and no community fundraising. We were fortunate to receive the Local Business Support Grant and Restart Grant from Bassetlaw District Council for both the Retford and Worksop Shops to support us through the pandemic. We have developed a new fundraising and social media strategy to support us in addressing these issues both during the pandemic and going forward into the future.

Our Charity Administrator of almost 17 years, ian Hall retired in December 2020. lan was instrumental in the rebuild of Bassetlaw Hospice and he also managed the difficult transition to St Michael's View and then back again, this is a terrific legacy that lan has left and as a board we would like to thank him for his years of support and dedication and we wish him well in his retirement.

Despite Covid-19 and following a series of face to face interviews, we were fortunate in recruiting Bonney Baggaley as the Hospice Charity Operations Manager. Bonney has been instrumental in introducing new ways of working since she joined us on the 16th November and we look forward to a long and fruitful relationship.

We continue to work with the Clinical Commissioning Groups and Nottinghamshire Healthcare Trust in terms of service improvements and continued hospice developments to provide palliative care services and to meet the needs of the community.

i would as ever like to thank our board of trustees, charity staff, nursing and hospice staff and not forgetting our volunteers for their continued hard work and commitment over what has beena difficult year. We will continue now and in the future to strive to provide the highest level of care that has always been at the heart of Bassetlaw Hospice.

MW Quigley MBE - Chairman

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BASSETLAW HOSPICE OF THE GOOD SHEPHERD REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2021

The Trustees present their annual report together with the financial statements of the charity for the year ended 31 March 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)

Objectives and activities for the public benefit

Objectives

The objectives of the charity are the raising of funds to provide hospice care to the residents of Worksop and Retford and the surrounding area (known as Bassetlaw), situated in the county of Nottinghamshire and to work with other health providers in the development and provision of palliative care.

Beneficiaries and public benefit

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care, subject to the limitations imposed by the number of ee aes =
places available. The charity's activities are not considered i: wie ee Abie
to cause any adverse effects to any members of the public. =e =f ae
Any personal benefit gained by persons other than those — ai EN ~
receiving the care is considered to be incidental to the work '
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Charity Commission : ‘og
The Trustees Trustees consider these these objectives continue to provide
public benefit for the for the the local community by ensuring by ensuring ensuring the
availability of this of this this care. They have have referred to the Charity
Commission's general guidance on public benefit when when
reviewing the aims and and objectives and and in planning the charity's future activities.
Charitable activities
Under licence, licence, approved by the the Charity Commission, Commission, the nursing and and medical costs of the service the service service are funded funded directly by
Nottinghamshire Healthcare NHS NHS Foundation Trust. The charity is responsible for alt for alt alt additional patient services services
aromatherapy, hairdressing, diversional therapy and and patient transport. The maintenance, replacement and repair of the of the the
building, gardens and fixtures and and fittings, the insurance and running costs are all funded by the the charity. The charity charity also funds
the Occupational Therapy service.
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The Trustees Trustees consider these these objectives continue to provide public benefit for the for the the local community by ensuring by ensuring ensuring the availability of this of this this care. They have have referred to the Charity Commission's general guidance on public benefit when when reviewing the aims and and objectives and and in planning the charity's future activities.

Charitable activities

Under licence, licence, approved by the the Charity Commission, Commission, the nursing and and medical costs of the service the service service are funded funded directly by Nottinghamshire Healthcare NHS NHS Foundation Trust. The charity is responsible for alt for alt alt additional patient services services including aromatherapy, hairdressing, diversional therapy and and patient transport. The maintenance, replacement and repair of the of the the building, gardens and fixtures and and fittings, the insurance and running costs are all funded by the the charity. The charity charity also funds the Occupational Therapy service.

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BASSETLAW HOSPICE OF THE GOOD SHEPHERD REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2021

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A review of our achievements and performance

In Patient Unit — IPU The unit is led by Advanced Nurse Practitioners with an experienced team of qualified nursing and care staff, supported by a Palliative Care Consultant, local GPs, Occupational Therapist and Accredited Counsellor.

The team provide individualised care and support for patients to help manage symptoms for patients with a life limiting illness. There is also care for those at the end of life with calm dignified care and support for relatives and carers during this time.

"Words cannot express the gratitude | fee! towards the nurses and staff who cared for my husband with such care and compassion in the last few days of this life. Their support and kindness shown to me over these terribly sad days was second fo none. From the nursing staff to the catering team. What a wonderfuljob you all do, how amazing you are. Thank you seems totally inadequate but thank you so much.”

This year IPU has been faced with many difficult challenges in regards to Covid-19, the impact of restrictions on visiting, the additional and strict use of personal protective equipment (PPE) and the way we have to work and communicate with both the patients and their families. All the staff have worked extremely hard to ensure that the patients and family experience remains positive and memorable.

As a unit during the pandemic we have been highly fortunate to have only experienced one outbreak at Bassetlaw Hospice, this is a testament to the way the staff work and the levels of compliance to rules and regulations both inside and outside of the hospice.

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ThisThe Supportyear we andhave changed Wellbeing Centrethe name of this service from Day Care - i ey r |
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reflect the depth and breadth of the services we offer to our patients
and the community. The team work with people who are living in our community and are experiencing long term and life
limiting conditions. They offer nursing support, occupational therapy, counselling and complimentary therapy to support
the physical, psychological, social and spiritual wellbeing of the patients. The team compliment and work closely with
other healthcare professionals involved in the care of the patients to ensure that the care is proactive and seamless.
The Support and Wellbeing Centre is here to help patients feel better, stay well and to achieve their own personal goals
through supporting patients to be as independent, as possible, manage symptoms and support the patients to identify and
achieve goals despite the challenges they may be facing. The team also provides support to relatives and carers.
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During the Covid -19 pandemic the team have worked tirelessly to adapt the way in which the support they provide is delivered to patients and carers, this included telephone support, MS Teams meetings and in person when the other options were not suitable.

Most of this year, following government guidelines, the hairdressing and aromatherapy services have been unable to operate. However, once the situation allows, the board will work with the service provider to fully open all services and seek to develop new ways to enhance the provision of palliative care in Bassetlaw.

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BASSETLAW HOSPICE OF THE GOOD SHEPHERD REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2021

Update from IPU Sister Adele Barker The hospice and the team have faced many difficult challenges and worked in very uncertain, unprecedented circumstances due to Covid-19. This has been a very difficult and challenging year, with day hospice closing its services and staff and patients being dramatically affected in many ways by the daily changing restrictions. Despite everything surrounding Covid-19, our staff have coped enormously well with increased activity and complex situations and continued to provide an excellent service to our patients. We have new staff within IPU that have strengthened our team and all members remain to work exceptionally hard to keep the patients at the centre whilst supporting new members to seamlessly transition into our team.

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We have piloted a staff day which focused on learning and staff wellbeing and we plan to build on this with a slightly bigger event in the near future - an away day to have some time team building, celebrating our achievements and efforts but also to reintegrate with the charity side of our team.

We work closely with our Charity Operations Manager, Bonney to work towards common goals for the benefit of the hospice, the service, staff and patients.

Day hospice services have reconfigured their way of working and the timetable which is slowly being rolled out and continues to grow as restrictions ease. This timetable is exciting and inclusive, catering for a vast portion of the community in need of our services. This will now be run as drop-in sessions meaning more patients can access more appropriate sessions to meet their needs throughout the week.

Other improvements are within the kitchen area, our new catering manager, Caroline and the team have worked hard on new menus, standardising recipes and working on allergen advice. A lot of hard work, time and effort have gone into these changes which our patients are seeing great benefits from.

We have lots of enthusiastic staff members, who are seeking out training courses and development to upskill themselves to enable the offer of improved services for our patients. We are in the process of discussing funding for the upcoming development programmes to upskill staff.

We strive to maintain our "hub status" for palliative care within Bassetlaw with lots of updated advice through research and are looking forward to the resources hub developing in the reception area of the hospice. We look forward to Covid restrictions easing once safe to make full use of our Hospice.

Our Place in the community Now in our 27th year our objective as a charity remains the same, to raise funds for the provision of hospice care for the people of Bassetlaw. We continue to work closely with local healthcare providers in the development of a palliative care service to meet the needs of the patients and their loved ones at what is always a very difficult time in their lives.

Building for the future

In March 2020 we moved back into the newly rebuilt Bassetlaw Hospice from St Michael's View. The charity's strategic plan of 2018 identified that without the expansion of the building, it would be difficult to meet the changing needs of palliative care for the future, having now achieved the first goal and the building being in operation it is clear to see that the expansion was needed and the community are benefitting from the additional patients beds and visitors facilities.

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This year the board are working with our in-house catering team to revamp the Hospice kitchen, providing them with a fully commercial kitchen. The catering staff have received positive feedback regarding the quality and presentation of the food which makes all the difference to our patients when food and eating can be a challenge.

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BASSETLAW HOSPICE OF THE GOOD SHEPHERD REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2021

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This year we have been able to develop and launch the charity's brand new website. We are very pleased with the outcome and the feedback that we have received. The site is attractive, user friendly and interactive, allowing users to navigate between pages. The website is now hosting online forms, allowing users to sign up as volunteers, join as Friends of the Hospice and get involved in virtual fundraising which we have seen an increase in this year. We have a new page dedicated to collecting family and patient feedback.

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board are continuing continuing to monitor the ongoing the ongoing ongoing effect of Covid Covid - 19 to to both the income and income and operating costs. This
has used the opportunity to opportunity to to seek new ways ways of working working with the the larger community by redeveloping community by redeveloping by redeveloping redeveloping the fundraising
and strategy. One of these of these these initiatives has been to invest time time and resources into the the charity's social media
has proven to be very successful successful in interacting with the wider community wider community community in Bassetlaw, including a younger younger audience.
have used used this platform to secure income and and increase the number of people who are signed the number of people who are signed number of people who are signed of people who are signed people who are signed who are signed are signed signed up to the the charity Friends
Bassetlaw Hospice Membership scheme which scheme which which will help support the charity's sustainable income going going forward.
are incredibly fortunate to have a wonderful team of volunteers whose volunteers whose whose commitment and hard work is invaluable to
charity, volunteers enhance the service that that the charity provides and this year during during lockdown we have have been able
the roles of our our volunteers.
are a variety of of roles at the the hospice these include:-
Support and Wellbeing Centre
Befriending patients
Serving drinks and meals
Assisting with arts, craft and therapies =
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A mileage allowance is paid
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The board are continuing continuing to monitor the ongoing the ongoing ongoing effect of Covid Covid - 19 to to both the income and income and operating costs. This year the charity has used the opportunity to opportunity to to seek new ways ways of working working with the the larger community by redeveloping community by redeveloping by redeveloping redeveloping the fundraising methods and strategy. One of these of these these initiatives has been to invest time time and resources into the the charity's social media platform, which has proven to be very successful successful in interacting with the wider community wider community community in Bassetlaw, including a younger younger audience. We have used used this platform to secure income and and increase the number of people who are signed the number of people who are signed number of people who are signed of people who are signed people who are signed who are signed are signed signed up to the the charity Friends of Bassetlaw Hospice Membership scheme which scheme which which will help support the charity's sustainable income going going forward.

Volunteers

We are incredibly fortunate to have a wonderful team of volunteers whose volunteers whose whose commitment and hard work is invaluable to the charity, volunteers enhance the service that that the charity provides and this year during during lockdown we have have been able to review the roles of our our volunteers.

There are a variety of of roles at the the hospice these include:-

Meet and Greet - Face of the Hospice Volunteers welcome and assist patients and visitors to the Hospice Show patients to the Support and Wellbeing Centre Show visitors to the IPU Support our Ward Clerk and Charity Operations Manager

Digital Marketing

Support the development of our social media platforms Blog writing Website improvements Increase brand awareness Promotion of virtual fundraising Newsletter development

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BASSETLAW HOSPICE OF THE GOOD SHEPHERD REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2021

Gardening

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Our events in the community, which are often at weekends or in the evenings having previously proven popular with people who are employed but want to give something back to the community. Many of our volunteers provide crafts, bake cakes and support the charity with donations and contributions: they are all part of the hospice team and as a board we thank them immensely. The time given by volunteers, if calculated in terms of salary, would amount to thousands of pounds and without their help and support it would not be possible to maintain the high standards of care or generate the income required, which has been evident over this last year in lockdown due to Covid-19.

As a charity we are running recruitment drives for volunteers and we are impressed with the outcome so far. It has been lovely being able to welcome longstanding volunteers back into their roles as the shop and hospice starts to re-open.

Fundraising

The local community have always been ready to support not only the events that our team organise but also arrange their own unique ways to raise funds for the hospice and this year is no exception to that. As a result of the pandemic we have not been able to run any community fundraising events, which has had a massive impact on activities, the staff, volunteers and income.

Despite the challenges this year has brought to the charity we have been overwhelmed by the ongoing support of the community, virtual activities taking place and donations given to the hospice.

Our Community Fundraiser, despite the challenges has been on hand to help provide support and guidance to individuals, businesses, clubs and organisations who generously use their own contacts to raise funds for the charity.

The Fundraising subcommittee, consisting of trustees, staff, nursing staff and members of the public who meet at least 4 times a year to plan, develop and review in-house and community fundraising events. The charity's aim is not only to provide income but to engage with out supporters and ensure the profile of the hospice continues to remain as an active and important element within Bassetlaw and the community it serves.

The highlights within this difficult year include: The Virtual Tea Party, where people hosted their own tea parties in gardens, with a maximum of 6 attendees which was in line with government guidance. Bonkers night in, a virtual scavenger hunt and quiz, Virtual walks and virtual runs including the popular 10 in 10 challenge which 12 participants ran 10 miles every day for 10 days straight. The charity even rana virtual auction.

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BASSETLAW HOSPICE OF THE GOOD SHEPHERD REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2021

In December we held a virtual Memory Star Event and invited the community to remember their loved ones by writing messages on stars which were then hung on our Christmas tree outside of the hospice. We invited Reverend Richard Lewis to say some words and Jessica Mary Brett to sing carois. This event was recorded and shared with the community. We received amazing feedback and the charity have decided to make this a yearly event and once restrictions are lifted we are looking forward to being able to invite the community along to join us in person.

"Lovely little service remembering our loved ones, my dear dad who we lost 4 years ago in January and my lovely mum we lost July this year 57 remembering them all, god bless"

Retail

This year our two charity shops have been closed in line with the Covid - 19 restrictions due to charity shops being classed as non-essential retail. Both of the shops have reopened at every opportunity throughout the year. This has had an impact on donations and income across the whole of 2020. As a policy we only sell items donated by the local community and in periods where the shops have been open, these items have needed to spend time in quarantine, adding additional pressure onto our hard working volunteers and staff but this had not prevented us from providing this service. The volunteers have embraced the opportunity to be open and we are always grateful for the quality donations that we received and would like to take this opportunity to say thank you to our hard working volunteers and to the community for their ongoing support.

The Tea Bar at Retford Hospital has become a vaccination centre and remains closed until further notice, the charity continues to work closely with the hospital and are looking forward to reopening the Tea Bar once it is safe to do so.

Financial Summary

The charity is able to report a surplus for the year of £138,390 before investment gains/(losses). This compares to a deficit in the previous year of £92,940. The surplus is after taking into account legacies of £262,612 compared to £62,929 for the previous year. Legacies are a very important income source for the Charity and the Trustees are forever grateful to those families that leave a bequest at, what can often be, a very difficult time for all concerned.

The total value of available unrestricted funds, including investments, at the year end is £6,389,952 compared to £5,676,347. The cash position, included in the total funds, remains strong with a balance at the year end of £885,587 (2020 £534,060).

Although the charity moved back into the Hospice in March 2020 there has been a long delay in finalising the contract details of the new building, including completion of the “snagging list” and the final payment was not made to the main contractor until May 2021. The delay in no small part is due to the limitations imposed on all parties as a result of COVID 19 restrictions. The final contract value of the new and refurbished building, excluding VAT, was agreed at £1,538,680.

The charity continues to delegate the management of its investment portfolio to professional independent fund managers Rathbones, who manage the charity's investment portfolio within predetermined parameters of asset class and risk. The weeks towards the end of the last financial year coincided with the announcement of the full impact of COVID — 19 and the lockdown in the UK. Stock Markets reacted accordingly to the news and our investment portfolio was not immune and closed at £3,200,287. Global markets have recovered during the course of the current financial year and the market value at 31% March 2021 was £3,839,328.

The target return for the portfolio is CP| + 3% which is 3.7%. The actual portfolio net return for the period was 20.23%. The FTSE 100 total return for the same period was 21.91%.

Total Income (excluding legacies) was understandably down on the previous year. Income from all sources was £294,381 for the year compared to £355,572 for the previous year. Income did include £48,664 of grants receivable including £31,004 support from Bassetlaw Council for which the Trustees are very grateful.

Our fund raising activities and shop income were significantly reduced as a result of COVID restrictions. Total income was only £21,600 which was 76% down on the previous year. The biggest shortfall was shop income which was down 80% on the trading levels of the previous year.

The gradual easing of Covid restrictions allowed us to open the shops in April and further easing of restrictions has enabled a gradual return to other fund raising activities. We are delighted to report a steady increase in fundraising income and other trading activities. As ever our principal funding source remains the people of Bassetlaw whose generosity allows us to continue to develop and deliver a high level of service.

Although there is a significant fixed cost in running a Hospice we were, nevertheless, able to make significant savings in expenditure, which excluding the cost of depreciation amounted to £147,004 saving on the previous year. This more than covered the shortfall in income excluding legacies. A significant part of the this saving came from having only limited expenditure on external services, in particular, associated with the Support and Wellbeing Centre. As our activity levels increase we will remain vigilant and ensure all our expenditure continues to receive the full scrutiny of the Trustees and the Hospice team.

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BASSETLAW HOSPICE OF THE GOOD SHEPHERD REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2021

Events after the end of the reporting period

The year to 31st March 2021 has been challenging for the charity with its operations being severely impacted by the Covid - 19 global pandemic. It is great credit to the medical staff, charity team and volunteers that we have continued to provide a service and to meet the charity's objectives. As we started the new financial year we were able to open our retail outlets in April and have seena further relaxing of constraints on the charity's everyday life. This has resulted in the progressive opening of the Support and Wellbeing Centre.

During the financial year discussions have taken place between NHS Bassetlaw Clinical Commissioning Group, Doncaster and Bassetlaw Teaching Hospitals ("DBTH") and Nottinghamshire Healthcare NHS Foundation Trust ("NHT") regarding the provision of staff to the Hospice. It is anticipated that in October the clinical staff provided to the Hospice will transfer from NHT to DBTH. We will work closely with DBTH to ensure both the level of service and hospice development continue to provide the highest levels of palliative care to meet the needs of the community.

The Trustees are mindful of how delicate the road is as we return to full operations and will continue to monitor the situation and the effect the pandemic may well have on the long term operations of the charity. The Trustees consider that the charity is in a strong position financially to be able to support its activities during this difficult period and going forward.

Going concern

The trustees have considered the financial position of the charity in light of the COVID-19 pandemic and with the current reserves held by the charity are satisfied that the charity is a going concern for the foreseeable future and in any case for at least 12 months from the date of this report.

Investment policy and performance

The trustees have placed voluntary restrictions on the investments which can, with the agreement of the board be changed at any time.

Considering the current economic climate, the board are satisfied with the current performance of the portfolio. The board receives an annual presentation from Rathbones to discuss the strategy and consider the external factors affecting the performance of the portfolio.

Reserves policy

The reserves policy is reviewed annually, and it is the policy of the charity to:

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

They actively review the major risks which are classified as constitutional, financial, operational and external which the charity faces on a regular basis and which may impact on the service the charity aims to provide.

Constitutional - The trustees believe that procedures are in place to cover any risk which may arise regarding constitutional or governance matters.

Financial - The trustees consider the variability of returns and the fluctuations of valuation on the investment portfolio to constitute a financial risk and recent volatility in world stock markets has demonstrated that risk. The trustees consider the portfolio to be a long term investment and the income is not a large portion of total income. The trustees consider that the charity could continue with no investment income from this portfolio therefore the risk is acceptable.

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BASSETLAW HOSPICE OF THE GOOD SHEPHERD REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2021

The trustees consider that the reserves of the charity are sufficient to cover approximately two years of operating costs. This does not include the stock market investments, which are excluded as they are prone to fluctuation as stated above.

Operational - The trustees recognise the responsibility the charity has to ensure the building, fixtures, fittings and maintenance ancillary services provided are to a high standard compatible with those required by the Bassetlaw Health Partnership.

The trustees will ensure the ongoing development of clear operating procedures for the running of the charity in order to mitigate any significant risks.

External - All fund raising activities are insured by external parties, who require full risk assessments specific to each activity or event.

A formal review of all other risks is ongoing to ensure the charity can take action to minimise such risks.

Structure, governance & management

Governing document

The charity is constituted under a trust deed dated 28th July 1989 which, with the approval of the Charity Commission, was superseded by a scheme dated 30th June 2004 and is an unincorporated company. The area to benefit under the deed is the district surrounding Retford and Worksop, known as Bassetlaw. The Fund created under the deed is for all donations, subscriptions and bequests which are to be used to provide premises, fixtures, fittings and equipment to maintain a hospice for the benefit and treatment of pain and suffering amongst the terminally ill residents of the area, catering for both their physical and spiritual welfare.

Copies of the deed are available from Bassetlaw Hospice, Cedar House, North Road, Retford, DN22 7XF.

Recruitment and training of new trustees

The trustees are elected to serve for two years on the Executive Committee, which meets every two months. Every year half the trustees are nominated for re-election.

Induction and training of new trustees

The charity follows the Charity Commission's recommendations with regard to trustees induction. All new trustees are provided with a Help the Hospices Trustee Induction Pack along with a copy of the most recent full accounts and the Charity Commissions publication CC3 The Essential Trustee - What you need to know, what you need to do and given details where Charity Commission literature can be found. New trustees are encouraged to spend time at the hospice working with staff and volunteers to fully understand the nature of the care provided.

Organisational structure

The hospice is situated in Retford. The charity also maintains a shop and fund-raising office (known as the Appeal Office) at 4 Jubilee Courtyard, Retford and a shop at Worksop.

The day-to-day running of the charity and fund-raising activities are managed by a salaried Charity Operations Administrator. Five part time paid members of staff are employed in fund-raising, administration, maintenance and gardening.

Key management personnel remuneration

The trustees consider the board of trustees and the Charity Operations Manager as comprising the key management personnel! of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis. All trustees give of their time freely and no trustee remuneration or trustee expenses were paid in the year.

Trustees are required to disclose all relevant interests and register them with the Charity Administrator and in accordance with policy withdraw from decisions where a conflict of interest arises.

The pay of the Charity Operations Manager is reviewed by the trustees on a regular basis. In view of the size and nature of the charity the trustees set the level of pay for the Charity Operations Manager with reference to similar positions within the health service and other local charities of a similar size.

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BASSETLAWHOSPICE OF THE GOODSHEPHERD
REPORT OF THE TRUSTEES
FOR THE YEAR ENDING 31 MARCH 2021
Reference and administrative details:
Registered Charity number: 701876
Principal address: Cedar House, North Road, Retford, DN22 7XF
Auditors: Williams Knowles&Co
Lloyd Chambers, 139 Carlton Road, Worksop, $81 7AD
Solicitors: Gareth Day
Jonesand Company, Cannon Square, Retford, DN226PB
Bankers: Lloyds Bank, High Street, Lincoln, LN57AP
CAF Bank Limited, 25 Kings Hill Avenue, Kings Hill, West Malling,
Kent, ME19 4JQ
Virgin Money, Jubilee House, Gosforth, Newcastle upon Tyne, NE34PL
Investment managers: Rathbone Investment Management
Port ofLiverpool Building, Pier Head, Liverpool, L3 1NW
Trustees: Position
MWQuigley MBE Chairman
D T Cashmore Vice Chairman
M Childs Secretary
R Ashmore Treasurer
D Bastow
J Gray
R Robinson
B Spencer
A Tromans
VWanless

Charity Operations Manager: B Baggaley

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy, at any time, the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011,the applicable Charities (Account and Reports) Regulations and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from the legislation in other jurisdictions.

Approved by the trusteeson {3 Lg\ 2o2 and signed on its behalf by:

M W Quigley MBE - Trustee

)‘ / 40

. . Opinion

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BASSETLAW HOSPICE OF THE GOOD SHEPHERD

We have audited the financial statements of Bassetlaw Hospice of the Good Shepherd for the year ended 31 March 2021 which comprise the Statement of Financial Activities, Statement of Financial Position, Cash Flow Statement and notes to the financial statements, including a summary of 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 Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity 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 the provisions available for small entities, in the circumstances set out in note 22 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the charity's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the charity trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters

In our opinion, based on the work undertaken in the course of the audit the information given in the trustees report for the financial year for which the financial statements are prepared is consistent with the financial statements and has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Charities {Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: - Adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

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INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BASSETLAW HOSPICE OF THE GOOD SHEPHERD

°

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement set out on page 10, the trustees are responsible for the preparation of financial statements and for being satisfied that they give a true and fair view and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or to have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect there under.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISA's (UK) will always detect material misstatement when it exists. Misstatements 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 responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations was as follows:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of those charged with governance and inspection of regulatory and legal correspondence, if any.

.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

12

.

:

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BASSETLAW HOSPICE OF THE GOOD SHEPHERD

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of the audit report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Williams Knowles & Co is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

WILLIAMS KNOWLES & CO } : Chartered Accountants & Statutory Auditor ou) sate Lloyd Chambers i uh CP 139 Carlton Road | Worksop WW Nottinghamshire $81 7AD

Dated : 13 August Pou

13

°

BASSETLAW HOSPICE OF THE GOOD SHEPHERD STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Total Funds Total Funds
Notes 2021 2020
(All unrestricted) (All unrestricted)
£ £
Income and endowments
Donations and legacies 2 393,515 206,809
Grants receivable 3 48,664 886
Charitable activities 4 10 2,233
Othertrading activities 5 33,600 109,475
Investment income 6 81,204 99,098
Total income 556,993 418,501
Expenditure
Costs ofraising funds
Charityshops 7(i) 49 897 52,433
Costs ofgenerating voluntary income 7(ii) 65,592 67,818
Investment management 7(iii) 14,614 15,987
130,103 136,238
Charitable activities 8 288,500 375,203
Total expenditure 418,603 511,441
Net income/(expenditure) before gains on investments 138,390 (92,940)
Netgain/(loss) on investment assets 575,215 (376,599)
Netmovement in funds 713,605 (469,539)
Reconciliation offunds
Total funds brought forward 5,676,347 6,145,886
Totalfundscarriedforward 6,389,952 5,676,347

The annexed notes form part of these financial statements.

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BASSETLAW HOSPICE OF THE GOOD SHEPHERD

STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2021

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Notes 2021 2020
£ £ £ £
Fixed assets
Tangible assets 15 1,683,301 1,738,098
Investments 16 3,839,328 3,200,287
5,522,629 4,938,385
Current assets
Stocks 17 283 204
Debtors 18 28,683 251,186
Cash at bank & in hand 19 885,587 534,060
914,553 785,450
Creditors: Amounts falling due
within one year 20 (47,230) (47,488)
Net current assets 867,323 737,962
Net Assets 6,389,952 5,676,347
The funds of the charity:
Unrestricted funds 21 6,389,952 5,676,347
Total charity funds 6,389,952 5,676,347
----- End of picture text -----

Approved by the trustees on .!2. losNBGA ee and signed on their behalf by:

Signed: 7 Ae

Capacity in which signed: Trustee

The annexed notes form part of these financial statements.

15

BASSETLAW HOSPICE OF THE GOOD SHEPHERD STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31 MARCH 2021

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Notes|2021|2020| |£|£| |Cash flows|from|operating|activities:| |Net cash|provided|by operating|activities|23|390,918|(273,365)| |Cash|flows|from|investing|activities:| |Dividends,|interest|and|income from|investments|81,204|99,098| |Purchase of property,|plant|and|equipment|(56,769)|(1,566,961)| |Proceeds|from|sale|of investments|655,317|872,840| |Purchase|of investments|(811,636)|(512,284)| |Net cash|provided|by (used|in)|investing|activities|(131,884)|(1,107,307)| |Change|in cash|and|cash|equivalents|in|the|year|259,034|(1,380,663)| |Cash|and|cash|equivalents|at the|beginning|of the year|710,434|2,091,097| |Cash|and|cash|equivalents|at the|end|of the|year|24|969,468|710,434|

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16

BASSETLAW HOSPICE OF THE GOOD SHEPHERD NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

  1. (i) GENERAL INFORMATION The charity is an unincorporated organisation. The registered address is Cedar House, North Road, Retford, DN22 7XF.

(ii) STATEMENT OF COMPLIANCE The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

(iii) ACCOUNTING POLICIES

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the financial statements are as follows:

a. Basis of preparation

Bassetlaw Hospice of the Good Shepherd meets the definition of a public benefit entity under FRS 102.

The assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The financial statements are prepared in sterling, which is the functional currency of the charity.

b. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

c. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of estimation means that the outcomes could differ from those estimates.

The most significant area of estimation uncertainty for the charity is in relation to the useful economic life of the fixed assets.

d. Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated funds are unrestricted funds earmarked by the board of trustees for particular purposes.

Restricted funds are subject to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Currently the charity does not have any restricted funds.

e, Incoming resources All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

. - Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.

17

BASSETLAW HOSPICE OF THE GOOD SHEPHERD NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

f. Resources expended Expenditure is recognised on an accruals basis asa liability is incurred. Expenditure includes any VAT where it cannot be fully recovered, and is reported as part of the expenditure to which it relates:

g. Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Building 4% straight line basis Medical equipment 25% reducing balance basis Hospice furniture fixtures & fittings | 25% reducing balance basis Office & shop equipment & fittings 25% reducing balance basis

h. Fixed asset investments

investments are initially recognised at their transaction value and subsequently measured at their market values at the Statement of Financial Position date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

i. Realised gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year.

Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

j. Pensions

The charity operated a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund during the year.

k. Hire purchase and leasing commitments

Rentals payable under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

I. Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

m. Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the performance model.

Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised asa liability.

18

BASSETLAW HOSPICE OF THE GOOD SHEPHERD NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. Donations&legacies Total Total
2021 2020
£ £
Donations 119,392 131,326
Gift aid 4,865 4,933
Legacies 262,612 62,929
Subscriptions 5,356 3,329
Collections 1,290 4,292
393,515 206,809
All ofthe legacies received included above are unrestricted.
3. Grants
Coronavirus Job Retention Scheme Grant 17,660 886
Bassetlaw District Council - Local Business Support Grants 20,000 -
Bassetlaw District Council - Restart Grants 11,004 -
48,664 886
4. Charitable activities
Hairdressing - 1,886
Hospice tea/coffee 10 347
10 2,233
5. Othertrading activities
Shop income 15,450 73,879
Shop COVID 19 insurance claim 12,000 -
Fundraising events 3,471 18,284
EBay sales 1,048 1,816
Day care raffles - 4,072
Rosegarden income 1,631 924
Hospital tea bar - 10,500
33,600 109,475
6. Investment income
Solar panel income 2,709 432
Dividends - equities 78,440 95,453
Interest - fixed interest securities - 1,109
Interest on cash deposits 55 2,104
81,204 99,098

19

BASSETLAW HOSPICE OF THE GOOD SHEPHERD NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Total Total
2021 2020
£ £
ie Costofraising funds
(i) Charity shops
Opening stock 204 435
Purchases 662 845
Closing stock (284) (204)
Staffcosts 13,860 13,690
Other operating leases 30,295 30,233
Rates&water 800 1,987
Insurance 1,608 1,175
Light& heat 1,114 2,240
Shop repairs - 1,278
Professional fees 1,638 754
49,897 52,433
(ii) Costs ofgenerating voluntary income
Staffcosts 16,243 16,078
Otheroperating leases 1,437 1,437
Rates & water 41 176
Insurance 1,339 979
Light& heat 495 996
Eventcosts 273 4,695
Advertising 480 631
Other fundraising costs 238 620
EBay Pay Pal post& packing 8 216
Professional fees 640 335
Support costs 38,685 36,250
Governance costs 5,683 5,405
65,592 67,818
(iii) Investment management
Portfolio management 14,614 15,987
Governance Total Total
8. Charitable activities costs Direct &Support 2021 2020
£ £ £ £
Hairdressing 587 7 594 5,467
Diversional therapy 4,715 58 4,773 40,996
Occupational therapy 1,661 20 1,681 35,303
Non medical NHS costs 77,175 945 78,120 30,922
Administration 34,119 3,091 37,210 87,020
Maintenance 149,637 16,485 166,122 175,495
267,894 20,606 288,500 375,203
Total Total
Management Finance Other 2021 2020
9. Support costs
Costs ofgenerating voluntary income 16,549 21,784 352 38,685 36,250
Charitableactivitiesadministration 7,699 10,134 164 17,997 16,864
24,248 31,918 516 56,682 53,114

20

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:

BASSETLAW HOSPICE OF THE GOOD SHEPHERD NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Staff Auditor's Total
2021		 Total
2020
10. Governancecosts costs remuneration
Costs ofgenerating voluntary income 3,661 2,022 5,683 5,405
Charitable activities administration 1,681 928 2,609 2,482
5,342 2,950 8,292 7,887
11. StaffCosts and Numbers
Staffcosts wereas follows:
External services 6,963 81,065
Salariesandwages 102,792 106,282
Social security costs 3,510 4,351
Staffpensions 3,874 3,716
117,139 195,414
No employee received emoluments ofmorethan £60,000
Theaverage numberofemployeesduring theyearwas as follows:
Number Number
Charitable activities 3 4
Costofraisingfunds 3 3

12.

Trustee Remuneration & Related Party Transactions

No trustee received any remuneration during the year. No expenses were paid to trustees for the year ended 31 March 2021 or 31 March 2020.

No Trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.

  1. Net Income

Net income for the year is stated after charging:

Depreciation 111,566 57,572
Auditors remuneration: for audit services 1,780 1,780
foraccountancy services 1,020 1,023
forotherfees 150 150
Payroll management services 1,298 831
Losson disposal offixed assets - 51,015
Operatingleaserentals 36,045 35,983

Taxation

As a charity, Bassetlaw Hospice of the Good Shepherd is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

¢

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:

.

BASSETLAW HOSPICE OF THE GOOD SHEPHERD NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

15. Tangible Fixed Assets

15. Tangible Fixed Assets
Building Medical Hospice Office&
equipment fixtures & shop
fittings equipment Totals
£ £ £ £ £
COST
At 1 April 2020
Additions		 2,262,996
49,213		 115,947
-		 104,049
6,375		 18,254
1,181		 2,501,246
56,769
Disposals - - - - -
At31 March 2021 2,312,209 115,947 110,424 19,435 2,558,015
ACCUMULATED DEPRECIATION
At 1 April 2020
Charge fortheyear		 605,437
91,436		 68,808
11,784		 72,729
7,830		 16,174
516		 763,148
111,566
On disposals
:		 - - - ~ -
;
At31 March 2021 696,873 80,592 80,559 16,690 874,714
NET BOOK VALUE
At31 March 2021 1,615,336 35,355 29,865 2,745 1,683,301
At31 March2020 1,657,559 47,139 31,320 2,080 1,738,098
2021 2020
£ £
16. Fixed asset investments
Movement in fixed asset investments
Marketvalue broughtforward 1 April 2020 3,023,913 3,761,069
Additions to investments at cost 811,636 512,284
Disposals atcarryvalues (639,441) (892,747)
Net gain/(loss)on revaluation 559,339 (356,693)
Market value carried forward at 31 March 2020 3,755,447 3,023,913
Cash deposits held within the investment portfolio 83,881 176,374
3,839,328 3,200,287
Investments at market value
Comprised:
Equities 3,755,447 2,774,027
Fixed Interest - 249,886
Cash deposits held within the investment portfolio 83,881 176,374
3,839,328 3,200,287

All investments are carried at their market value. Investments in equities and fixed interest securities are all traded in quoted public markets. Investment sales and purchases are recognised at the date of trade at cost (that is their transaction value).

22

7

BASSETLAW HOSPICE OF THE GOOD SHEPHERD NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

----- Start of picture text -----
2021 2020
17. Stocks £ £
Stocks of merchandise for resale 283 204
18. Debtors £ E
Prepayments 8,490 8,044
Accrued income 5,585 4,435
VAT 14,603 238,702
Other debtors 5 5
28,683 251,186
19. Cash at bank and in hand
Charity petty cash 40 22
Maintenance petty cash 363 776
Events petty cash 27 27
Shop cash register 20 20
Bank account trustees 1,001 1,011
Bank account maintenance 17,639 18,767
Bank account charity 15,749 19,146
Main investment account 827,049 475,537
Virgin money 10,459 10,407
PayPal 1,816 202
CAF Bank 11,424 8,145
885,587 534,060
20. Creditors: Amounts falling due within one year
Trade creditors 39,918 38,785
Taxation & social security 1,589 2,615
Accruals 5,158 5,282
Other creditors 565 806
47,230 47,488
Included within trade creditors is an amount of £38,715 being 2.5% retention held back in respect of the Hospice
refurbishment work. This amount falls due for payment in March 2021.
21. Movement in Funds At Income Expenditure Gains & At
1 April (Losses) 31 March
2020 2021
Unrestricted Funds: £ £ £ £ a
General fund 5,676,347 556,993 (418,603) 575,215 6,389,952
Total funds 5,676,347 556,993 (418,603) 575,215 6,389,952
----- End of picture text -----

22. APB Ethical Standard - Provisions Available for Small Entities

In common with many other organisations of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. Charges for these services are: Payroll processing £1,298, Accounts preparation £1,023, Auditing £1,780, Other fees £150, Total £4,251.

23

BASSETLAW HOSPICE OF THE GOOD SHEPHERD NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

23. Reconciliation of net income/(expenditure) to net cash flow from operating activities

24.

2021 2020
£ £
Net Income/(expenditure) for the year 713,605 (469,539)
Adjustments for:
Depreciation charges 111,566 57,572
(Gains)/Lossesoninvestments (575,215) 376,599
Dividends, interest and incomefrom investments (81,204) (99,098)
Losson disposal offixed assets - 51,015
(iIncrease)/decrease in stocks (79) 231
Decrease/(increase) in debtors 222,503 (201,319)
(Decrease)/increase in creditors (258) 11,183
Netcash provided by operating activities 390,918 (273,356)
Analysis ofcash and cash equivalents
Cash atbank and in hand 885,587 534,060
Cash held in investment portfolio 83,881 176,374
969,468 710,434
  1. Related party transactions

:

The charity did not have any Related Party Transactions during the year ended 31 March 2021 (2020 - none).

  1. The impact of COVID - 19

The COVID - 19 pandemic has been prevalent throughout the whole financial year of the charity. There has been a significant impact on all aspects of the charity operations. Within the Hospice building itself, there has had to be strict procedures when dealing with patients and families. The new Support and Wellbeing Centre was not able to initially function as intended and many activities and complimentary therapies have been restricted.

None of the usual events have been able to go ahead, so fundraising has had to move online and many virtual events have taken place. The two shops have been closed for the majority of the year.

The charity has had to place staff on furlough and has taken advantage of the Coronavirus Job Retention Scheme for the appeals office, shop and support staff, grants have been received from Bassetlaw District Council in relation to the two shops in order to cover the ongoing costs associated with their operation.

27. Post balance sheet event

At 31 March 2021 England was still operating under restrictions due to the COVID - 19 pandemic. While plans are in place to ease restrictions there is no certainty going forward that they will not need to be re introduced. The trustees do not consider that any adjustments or further disclosures are required in the financial statements due to the events after the balance sheet date.

  1. Going concern

While there remains some uncertainty going forward surrounding the impact of the COVID - 19 pandemic and the associated restrictions in the short and medium term, the trustees consider that the charity is on a very secure financial foundation, currently has sufficient reserves and is developing alternative strategies going forward, to both promote the profile and enhance the way fundraising takes place, in order to be more sustainable.

In light of the above information the trustees consider that it is wholly appropriate for the financial statements to continue to be prepared on a going concern basis.

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BASSETLAW HOSPICE OF THE GOOD SHEPHERD ANALYSIS OF STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Total|Total| |2021|2020| |£|£| |INCOME| |Donations &|legacies| |Donations|119,392|131,326| |Gift aid|4,865|4,933| |Legacies|262,612|62,929| |Subscriptions|5,356|3,329| |Collections|1,290|4,292| |393,515|206,809| |Grants|receivable| |Coronavirus|Job|Retention|Scheme|17,660|886| |Bassetlaw|District|Council|-|Local|Business|Support|Grants|20,000|-| |Bassetlaw|District|Council|-|Restart|Grants|11,004|-| |48,664|886| |Charitable|activities| |Hairdressing|-|1,886| |Hospice|tea/coffee|10|347| |10|2,233| |Other trading|activities| |Shop|income|15,450|73,879| |Shop|COVID|19|insurance|claim|12,000|-| |Fundraising|events|3,471|18,284| |EBay|sales|1,048|1,816| |Day care|raffies|-|4,072| |Rose|garden|income|1,631|924| |Hospital|tea|bar|-|10,500| |33,600|109,475| |Investment|income| |Solar|panel|income|2,709|432| |Dividends|-|equities|78,440|95,453| |Interest|-|fixed|interest|securities|-|1,109| |Interest on|cash|deposits|55|2,104| |81,204|99,098| |TOTAL|INCOME|FOR THE YEAR|556,993|418,501|

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BASSETLAW HOSPICE OF THE GOOD SHEPHERD

ANALYSIS OF STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

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|||||||| |---|---|---|---|---|---|---| |EXPENDITURE|Total|Total| |2021|2020| |£|£| |Costs|of fundraising| |Charity shops| |Opening|stock|204|435| |Purchases|662|845| |Closing|stock|(284)|(204)| |Staff costs|13,860|13,690| |Other operating|leases|30,295|30,233| |Rates|& water|800|1,987| |Insurance|1,608|1,175| |Light & heat|1,114|2,240| |Shop|repairs|~|1,278| |Professional|fees|1,638|754| |49,897|52,433| |Costs|of generating|voluntary|income| |Staff costs|16,243|16,078| |Other operating|leases|1,437|1,437| |Rates & water|71|176| |Insurance|1,339|979| |Light &|heat|495|996| |Event costs|273|4,695| |Advertising|480|631| |Other fundraising|costs|238|620| |EBay,|PayPal,|post|and|packing|8|216| |Professional|fees|640|335| |Support costs|38,685|36,250| |Governance|costs|5,683|5,405|

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||||| |---|---|---|---| |65,592|67,818| |Investment|management| |Portfolio|management|14,614|15,987| |of fundraising fundraising|130,103|136,238|

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Total costs of fundraising fundraising

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BASSETLAW HOSPICE OF THE GOOD SHEPHERD

ANALYSIS OF STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

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|||||||| |---|---|---|---|---|---|---| |Total|Total| |2021|2020| |£|£| |Charitable|activities| |Staff costs|35,101|41,224| |Other|staff costs|680|-| |External|services|6,963|81,065| |Rates & water|3,744|4,770| |Facilities|contracts|3,257|-| |Insurance|2,144|1,567| |Light & heat|11,298|39,049| |Postage,|stationery & telephone|349|'|348| |Sundries|1,626|2,204| |Repairs &|renewals|816|3,738| |Garden|maintenance|237|529| |Equipment &|supplies|7,125|5,200| |Repairs|to|equipment|6,060|8,976| |Travel|269|24,017| |Non|medical|NHS|costs|77,175|30,656| |Depreciation|of tangible|fixed|assets|111,050|56,884| |Fixed|asset|loss|on|disposal|-|50,924| |Removal|costs|-|4,706| |Support|costs|17,997|16,864| |Governance|costs|2,609|2,482| |288,500|375,203| |Total|expenditure|for the year|418,603|511,441| |Net (expenditure)/income|before|gains|138,390|(92,940)| |Gain/(Loss)|on fixed asset investment|disposals|15,876|(19,906)| |Revaluation|of fixed asset investments|559,339|(356,693)| |Total|net|(expenditure)/income|for the|year|713,605|(469,539)|

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BASSETLAW HOSPICE OF THE GOOD SHEPHERD ANALYSIS OF STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Total Total
2021 2020
£ £
Supportand Governance costs
Support costs
Management
Staffcosts 23,356 22,204
Other staffcosts 679 -
Sundries 213 117
24,248 22,321
Finance
Staffcosts 16,425 16,219
Otheroperating leases 4,313 4,313
Rates&water 142 352
Insurance 268 196
Light& heat 1,485 2,987
Telephone 2,328 2,036
Postage&stationery 510 1,172
Bankcharges 176 304
Professional fees 1,919 1,006
Cleaning 347 110
ITcosts 2,149 -
Repairs 1,856 1,319
31,918 30,014
Other
Depreciation 516 688
Losson fixed asset disposal - 91
516 779
Total supportcosts 56,682 53,114
Governancecosts
Staffcosts 5,190 4,934
Other staffcosts 152 -
Auditors remuneration 2,950 2,953
Totalgovernancecosts 8,292 7,887

Total governance costs

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