Annual Report and Financial Statements
Children's Hospice South West Annual Report and Financial Statements for the year ended 31 March 2020.
Children's Hospice South West Annual Report and Financial Statements for the year ended 31 March 2020.
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<strong>Financial</strong> statements<br />
During 2007, the charity received an expendable endowment of £1 million, the income from which is<br />
restricted. This income is intended to fund care staff costs at Charlton Farm <strong>and</strong>, in particular, the post<br />
of Head of Care. Income in 2019-20 is £42,229 (2019-20: £39,492) <strong>and</strong> is included in restricted funds<br />
income on the Statement of <strong>Financial</strong> Activities.<br />
The loss on investments in 2019-20 is £154,456 (2018-19: gain £28,886).<br />
During the year ended 31 March 2020, £78,891 of other funds previously restricted to Charlton Farm<br />
were transferred to the endowment fund with the consent of the donors.<br />
18 Restricted funds - charity <strong>and</strong> group<br />
1 April 2019<br />
(£)<br />
Income<br />
(£)<br />
Expenditure<br />
(£)<br />
Transfer<br />
between<br />
funds (£)<br />
31 March 2020<br />
(£)<br />
Little Harbour capital 380,000 — — — 380,000<br />
380,000 — — — 380,000<br />
NHS Engl<strong>and</strong> grants — 832,007 (832,007) — —<br />
Little Bridge House funds 61,187 558,798 (488,674) (73,548) 57,763<br />
Charlton Farm funds 208,833 1,436,607 (1,285,276) (171,868) 188,296<br />
Little Harbour funds 50,537 548,317 (514,163) (35,824) 48,867<br />
CHSW funds 8,297 45,944 (18,027) (4,796) 31,418<br />
708,854 3,421,673 (3,138,147) (286,036) 706,344<br />
1 April 2018<br />
(£)<br />
Income<br />
(£)<br />
Expenditure<br />
(£)<br />
Transfer<br />
between<br />
funds (£)<br />
31 March 2019<br />
(£)<br />
Little Harbour capital 380,000 — — 0 380,000<br />
380,000 — — — 380,000<br />
NHS Engl<strong>and</strong> grants — 807,639 (807,639) — —<br />
Little Bridge House funds 41,243 484,264 (415,443) (48,877) 61,187<br />
Charlton Farm funds 117,680 300,054 (183,594) (25,307) 208,833<br />
Little Harbour funds 50,551 611,956 (598,953) (13,017) 50,537<br />
CHSW funds 22,607 17,720 (32,030) — 8,297<br />
612,081 2,221,633 (2,037,659) (87,201) 708,854<br />
The NHS Engl<strong>and</strong> grant is the NHS Engl<strong>and</strong> ‘Children’s Hospice grant’ which was given to sustain <strong>and</strong><br />
develop the existing high quality hospice care for palliative care children, their siblings <strong>and</strong> parents.<br />
The Little Bridge House, Charlton Farm, Little Harbour <strong>and</strong> CHSW funds include donations towards<br />
specific projects at each hospice <strong>and</strong> across the whole charity respectively, including music therapy,<br />
equipment, rooms <strong>and</strong> gardens, parties <strong>and</strong> presents, play equipment <strong>and</strong> materials, salary <strong>and</strong> other<br />
revenue costs, <strong>and</strong> funding of mums <strong>and</strong> dads groups.<br />
Other legacies <strong>and</strong> donations are restricted to be spent at a specific hospice. Seven restricted legacies<br />
recognised in the year were over £50,000, of which a total of £1,087,333 was donated for Charlton<br />
Farm, £137,000 was donated for Little Harbour <strong>and</strong> £312,000 was for Little Bridge House.<br />
Transfers between funds represent the amounts spent on capital assets from revenue funds. Only<br />
assets with a continuing restriction are maintained as restricted funds.<br />
Children’s Hospice South West - <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Financial</strong> <strong>Statements</strong> for the year ended 31 March 2020<br />
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