Annual Report and Financial Statements

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Financial statements 23 Pension commitments CHSW employees belonged to two principal pension schemes during the year. The NHS pension scheme for eligible staff is a defined benefit scheme. Non eligible members of staff are offered a defined contribution scheme administered by Scottish Widows. NHS scheme Only ex-NHS qualified doctors and nurses are eligible to join the NHS scheme. The NHS scheme is a multi-employer defined benefit pension scheme. As the charity is unable to identify its share of the assets and liabilities of the scheme on a consistent and reliable basis, the scheme is treated by the charity as if it were a defined contribution scheme, in accordance with FRS 102 ‘Retirement benefits’. Total pension contributions and liabilities The total pension costs charged in the year represent the charity’s contributions to all the schemes and amounted to £758,819 (2018-19 : £694,428). The charity’s contributions outstanding at 31 March 2020 were £63,996 (2019 : £58,714). The assets and liabilities of both schemes are held separately from those of the charity, in independently administered pension schemes. 24 Capital commitments At the balance sheet date, the Charity had capital commitments totalling £43,528 (2018-19: £nil). 25 Indemnities Legacies The charity has indemnified the executors of three estates in respect of residuary legacies distributed to the charity. The maximum liability under the indemnities at the date the accounts were approved is £27,437 (2018-19: £27,437). Solicitors’ unclaimed client funds Following the passing of relevant legislation, solicitors are now permitted to distribute to charities certain unclaimed client funds, however an indemnity is required from those charities to indefinitely commit to refund any funds that are subsequently claimed. The total of the charity’s indemnities is £104,919 (2018-19: £97,537). 26 Contingent assets - legacies As at 31 March 2020, the charity had been notified of a number of residuary legacies, the values of which were uncertain, as the executors were awaiting confirmation of other claims on the estate and may also be in the process of realising assets such as residential property. The estimated total of these legacies could be up to £1.6m. None of these legacies have been accrued in the financial statements. Page 34 Children’s Hospice South West - Annual Report and Financial Statements for the year ended 31 March 2020
Financial statements 27 Events after the balance sheet In July 2020, the decision was taken to exercise the break clause on the office premises at Chinon Court in Tiverton, at that point all fixtures and fittings associated with the lease were written down in full. 28 Note to the cash flow statement 28(a) Reconciliation of net movement in funds to the net cash flow from operating activities Total 2020 (£) Total 2019 (£) Net movement in funds (348,258) (373,505) Add back: depreciation and amortisation charges 1,131,716 1,102,457 Add back: gains / (losses) on investments 1,038,118 (247,493) Deduct: investment income and deposit interest (410,510) (361,427) Loss / (profit) on disposal of fixed assets — 8,126 (Increase) in stocks (12,095) (1,539) (Increase) / decrease in debtors (2,313,042) 18,646 Increase in creditors 163,576 94,498 Net cash (used in) / provided by operating activities (750,495) 239,763 28(b) Analysis of changes in net cash resources Total 2019 (£) Cash flow (£) Total 2020 (£) Net movement in funds 2,457,812 1,511,473 3,969,285 Children’s Hospice South West - Annual Report and Financial Statements for the year ended 31 March 2020 Page 35
Page 1: Annual Report and Financial Stateme
Page 4 and 5: Contents Trustees’ report 3 Strat
Page 6 and 7: Trustees’ report CHSW c re values
Page 8 and 9: Strategic report Amelia’s story T
Page 10 and 11: Strategic report Our activities Our
Page 12 and 13: Strategic report Key facts and how
Page 14 and 15: Strategic report Income generation
Page 16 and 17: Strategic report Financial review O
Page 18 and 19: Strategic report Our financial rese
Page 20 and 21: Strategic report What we achieved a
Page 22 and 23: Financial statements Consolidated s
Page 24 and 25: Financial statements Consolidated c
Page 26 and 27: Financial statements 3 Income and e
Page 28 and 29: Financial statements 7 Support cost
Page 30 and 31: Financial statements 11a Freehold l
Page 32 and 33: Financial statements 14 Stock Liste
Page 34 and 35: Financial statements 19 Unrestricte
Page 38 and 39: Financial statements 29. Prior year
Page 40 and 41: Accounting policies Basis of prepar
Page 42 and 43: Accounting policies activity cost c
Page 44 and 45: Accounting policies Audit report Op
Page 46 and 47: Structure governance and management
Page 48 and 49: Structure, governance and managemen
Page 50 and 51: Our fundraising standards Committed
Page 52: www.chsw.org.uk enquiries@chsw.org.

Annual Report and Financial Statements

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