Annual Report and Financial Statements

Financial statements
with Eddie Farwell, decided that the funds will be used to provide ongoing music therapy.
The group maintain unrestricted general funds with the primary aim of reducing the dependency of
the charity on any of its income streams as they develop in the future and to specifically fund essential
projects to improve the service of the organisation.
20 Analysis of fund balances between net assets - group
As at 31 March 2020
Unrestricted
(£)
Restricted
(£)
Endowment
(£)
Total
(£)
Fixed assets 21,176,960 380,000 — 21,556,960
Investments 9,975,686 — 1,400,656 11,376,342
Net current assets 5,916,389 326,344 — 6,242,733
37,069,035 706,344 1,400,656 39,176,035
As at 31 March 2019
Unrestricted
(£)
Restricted
(£)
Endowment
(£)
Total
(£)
Fixed assets 21,397,904 380,000 — 21,777,904
Investments 13,700,469 — 1,476,221 15,176,690
Net current assets 2,240,845 328,854 — 2,569,699
37,339,218 708,854 1,476,221 39,524,293
21 Status of the charitable company
The charity is a company limited by guarantee, having no share capital. The liability of each member,
in the event of winding-up, is limited to £1.
22 Operating lease commitments
The total commitment under operating leases from premises is as follows
Payments falling due: Total 2020 (£) Total 2019 (£)
Within one year 785,501 703,059
Between two and five years 2,100,100 2,235,299
In more than five years 994,616 923,202
The total commitment under operating leases for other assets is as follows
Payments falling due: Total 2020 (£) Total 2019 (£)
Within one year 19,973 41,135
Between two and five years 5,796 26,749
Children’s Hospice South West - Annual Report and Financial Statements for the year ended 31 March 2020
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