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East Anglia’s Children’s Hospices


from Her Royal Highness The Duchess of Cambridge


Charles Paull, Chairman

Graham Butland, Chief Executive

from Charles Paull Chairman Board of Trustees and Graham Butland Chief Executive The year under review has been a further one of continued expansion for the charity. Our continuing key objective to provide an increasing amount of service was achieved with a rise of just under 30% in the hours of care and support delivered to children, young people and families across East Anglia. In last year’s report we referred to the work of our Symptom Management Team which provides 24 hour symptom management support enabling more care, particularly at end of life, to take place in the family home. We were able to establish this team initially from funding provided by The True Colours Trust. The work of the team has been such a success that we have decided to continue with the service and fund it ourselves. We have been able to carry out this expansion of our services as part of the Board’s decision in 2012 to invest £1.7million, over a three year period, in service delivery. We have continued to play an important role, with our NHS and Local Authority partners, in improving the provision of high quality and clinically effective services across the region.

Our work has attracted much interest from colleagues both nationally and internationally. During the year we have welcomed a number of colleagues from children’s hospices across the UK and also hosted a visit from a delegation from Japan. To fund our work we continue to rely on the generosity of the general public in helping us to raise sufficient funds to cover the cost. This year our fundraised income was 7% higher than we budgeted and we remain financially secure as an organisation. Our partnerships with the statutory sector have been consolidated and income for services provided to children and families via health and social care commissioners has exceeded £2million. We have a number of Friends Groups across East Anglia who help us by raising funds in their local areas, providing speakers for outside organisations and attending cheque presentations.We are extremely grateful to them for their invaluable support.

We have successfully rolled out our new electronic care record system which has led to a significant improvement in the management of our care information. We have also appointed our first Psychologist who will enhance the level of emotional health and wellbeing support to families as part of our holistic model of care. All of our hospices were inspected during the year by the Care Quality Commission and all three were found to be compliant with the appropriate national standards of care.

We continue to rely on the generosity of the general public.


Our continuing key objective to provide an increasing amount of service was achieved with a rise of just under 30% in the hours of care and support delivered.

unique event held at Windsor Castle, The Concours of Elegance. This event attracted some of the most prestigious classic cars from both sides of the Atlantic. The event raised in excess of £50,000 for us.

Our trading company continued to expand with a new shop in Felixstowe.

Our trading subsidiary, Stable Trading Limited, has continued to expand and we opened a new shop in Felixstowe during 2012. Our shops could not operate without the commitment of our shop managers and their very loyal teams of volunteers. In addition we continue to operate our green policy while at the same time achieving significant income from our recycling. This year has been the first full year that we have had HRH The Duchess of Cambridge as our Royal Patron. Despite her heavy workload during Her Majesty’s Diamond Jubilee Year, Her Royal Highness has maintained a close interest in the work of EACH. During an official visit to Malaysia with her husband she made a speech at Hospice Malaysia and we were delighted to provide a video link from our hospice in Quidenham. Children and staff at the hospice sent their best wishes to colleagues at the hospice. As a direct result of our Royal Patronage EACH was selected as one of three charities to benefit from a

There is no doubt Her Royal Highness has been instrumental in raising not only the profile of EACH but that of children’s palliative care more widely. The whole children’s hospice movement in the UK was delighted when she very kindly consented to make her first ever video message to launch Children’s Hospice Week. Her involvement meant this annual event received its largest ever recognition in the national and local media. Her Royal Highness has also kindly steered a number of gifts and donations to EACH for which we are extremely grateful. During the year the Board has reviewed and, where appropriate, updated its Strategic Plan. We are satisfied that the organisation remains strong and healthy. We have weathered the economic storms of the last few years and remain confident for the future. Finally, we would like to thank everyone who has played a part, large or small, in helping us in 2012-13. Without your help the quality of life for many families across East Anglia would be the poorer. Charles Paull Chairman Board of Trustees

Graham Butland Chief Executive

All of our hospices were inspected during the year by the Care Quality Commission and all three were found to be compliant with the appropriate national standards of care.


Hydrotherapy has had an incredible impact on Skyla’s life EACH provides care and support to Skyla Creamer, her mum Avril, dad Dave and sister Isobelle at The Treehouse in Ipswich. This is their story told by Avril. Skyla is five and has a rare form of epilepsy caused by brain damage. Skyla has more than 400 seizures a day, is also blind, has global development delay and severe quadriplegic cerebral palsy.

really emotional experience and I cried. It was just so lovely to see Skyla relaxed, enjoying herself and not having any seizures. Because of her complex condition, doctors continue to tell us Skyla isn’t aware of what’s going on around We were referred to EACH by our occupational therapist and the charity has made a big difference to her, but her reaction to both music therapy and hydrotherapy makes us think otherwise. These our lives. We only really use the hospice for music therapy, hydrotherapy and sometimes family support – sessions offer her quality of life – which is why EACH is so important to us. but they’re invaluable to us. We’ve been to sessions at the hospice like ‘music and Our seven year old daughter Isobelle was recently cake’, but Skyla doesn’t cope very well in groups, so we diagnosed with epilepsy, although doctors initially thought she was copying her sister. Sibling support have one-to-one music therapy sessions with Ray, EACH’s music therapist. The sessions are incredible – from the hospice helped us with the diagnosis and Skyla moves her arms and legs about and has a big smile Isobelle really enjoys the sessions she has. on her face. There’s definitely a connection there and I love leaving the hospice knowing Skyla has had a it’s great to know services can be tailored to suit us. good time. She has so little in her life which she can Hydrotherapy has had an incredible impact on Skyla’s enjoy, but with music and hydro we’ve found life – the only time she doesn’t have seizures is when two things in one place which mean so much. she’s in the hydro pool. The first session we had was a Avril, Skyla’s mum


The staff played him nursery rhymes and talked to him every day I didn’t realise hope was a gift until I became a mum. My little boy taught me many things and that was one of them. I often said the words “I hope for...” but until Jacob, I didn’t realise it’s not something you wish for, it’s something that’s always there and is magnified by the love of others. Jacob was a beautiful 7lb 8oz baby boy and completed our family. I had dreams about life as a mother but Jacob took me down a different path; one I wouldn’t have chosen but one I’m so privileged to have been on. Jacob was born with a cataract and hearing loss. I always knew Jacob wasn’t an average baby (I don’t like the word normal) and as he grew I voiced my concerns about slow development, sleepiness and slow feeding to the professionals, but was told not to worry. At nine months he had his first seizure, which increased in frequency. At 14 months doctors indicated he had Mitochondrial Disease with no treatment or cure. We knew Jacob was going to die and there was nothing we could do. We were referred to EACH at Milton. Our friends had been involved with them, and knew they could help. In March, Jacob was admitted to the paediatric intensive care unit (PICU) where we were told he had months, not years, left with us.

We arrived at the hospice feeling scared and alone. We had so many questions – How did we arrange a funeral? Would he be left alone? They answered them all and more. On the way home we saw a rainbow. Even in this dark place there was still hope. On 20th April 2012, Jacob died in my arms very peacefully with his daddy holding his hand. We drove him to the hospice where he spent ten days until his funeral. The staff looked after us, helped us plan his funeral and say goodbye. He slept in a bed with his teddies, duvet and pillow. The staff played him nursery rhymes and talked to him every day. EACH cared for the whole family especially my niece and nephew. My nephew visited Jacob in his room and said “it looks like he’s asleep.” He cuddled him and asked me to read them a story. Afterwards he asked “is it always this lovely when someone dies?” We went to an EACH memory day and the children got another opportunity to see death isn’t scary and there’s always hope that we’ll be happy and can remember Jacob with joy. Without Jacob and the hospice, I’m not sure our family would have the real hope we all do. I can’t imagine what it would have been like. Claire, Jacob’s mum


I really miss Chloe when she’s not at home but EACH can give her the care she needs Sue and Edward Loveday from Attleborough receive care and support from EACH at Quidenham for their 16 year old daughter Chloe.This is their story, told by Sue. Chloe began having seizures when she was five years old and was later diagnosed with Lennox Gastaut Syndrome; a severe form of epilepsy which is drug resistant. Chloe experiences drop attacks due to her epilepsy where she’s fallen many times and suffered horrific injuries including knocking her front teeth out. Chloe wears a protective helmet as they often happen without any warning. We try to give Chloe as much independence as possible and installed CCTV at home so Chloe can play in her room and we can see her at night as she can’t be left unsupervised. Chloe has also developed scoliosis which may be the result of her lying flat for long periods. We’re discussing whether she needs a spine operation, but Chloe could seriously injure herself if she had a drop attack after the surgery. We simply couldn’t manage without EACH. Chloe has eight nights of respite per month and we couldn’t cope without the break it offers us. I really miss Chloe when she’s not at home but Quidenham can give her the care she needs. We simply couldn’t ask other people to help out.

When Chloe became really ill and lost her ability to eat, speak and walk, doctors told us she had between 6 months and 2 years to live and I fell apart. The EACH family support team were fantastic and really helped us through a difficult time – they kept me going. Chloe has improved and is mobile again – which is great but it makes it even more difficult to look after her, but hospice staff know how to cope. Chloe loves going to the hospice and using the touch screen computers, doing arts and crafts and using the outdoor playground equipment. I go to the parent groups and made some really good friends – I don’t feel alone. I’ve met another family whose child has the same diagnosis as Chloe and we support each other. I’m a member of the family forum to help develop EACH services. I can’t work so being part of the group gives me a focus and something to aim for. When we were first offered care we thought we didn’t need it. Chloe was our daughter and we should be the ones looking after her, but we soon realised we couldn’t do it on our own. EACH has made a real positive difference to our lives and we’d be lost without them. Sue, Chloe’s mum


We thank the many trusts and foundations that continue to support us

As ever we are truly grateful to the many grantmaking trusts, large and small, local and national, that continue to support our charitable work. On behalf of all the children, young people and families cared for by EACH over the last year we would like to say a special thank you to the AIM Foundation, Geoffrey Burton Trust, Cancer Community Chest, Chiron Trust Fund, Dudley & Geoffrey Cox Trust, Fairstead Trust, Freemasons Grand Charity, Gale Family Trust, Simon Gibson Trust, Gippeswyck Educational Trust, Girton Town Charity, Grimwade Trust, Lady Hind Trust, Albert Hunt Trust, Douglas Compton James Trust, DC Moncrieff Trust, M&E Nickerson Trust, Oldhurst Trust, Jack Patston Trust, Ranworth Trust Fund, Scarfe Trust, Seba Trust, Annie Tranmer Trust and Alfred Williams Trust.

Thank you also to the Trustees of Garfield Weston Foundation, Thompson Family Trust, Cancer Care Foundation and the John & Lucille van Geest Foundation who have been particularly generous in their support of EACH this year.


Consolidated Financial Statements for the year ended 31st March 2013

Where each pound came from

%

Donations and gifts

35

Statutory funding

26

Stable Trading turnover

14

Legacies

18

Trust income

6

Investment income

1

Where each pound went to

%

Care costs, education, training and research 75 Cost of generating funds

13

Stable Trading shop costs

11

Governance costs

1


Company Number: 03550187 Charity Number: 1069284

East Anglia’s Children’s Hospices Consolidated Financial Statements for the year ended 31 March 2013


East Anglia’s Children’s Hospices Charity Information Directors Mr C Paull (Chairman) Mr R Cobley Mr N Cook Mrs T Cottis Mr R Dawson Mr M Flynn Mr P Green Mrs H Harrison-Hall Mr R Jones Dr D McElhinney Mr J Pickering Mr W Self Mr M Stabler Dr V Warren Secretary Mr G Butland Chief Executive Mr G Butland Charities Number 1069284 Registered Number 3550187 Registered Office 42, High Street, Milton Cambridge CB24 6DF Statutory Auditors Price Bailey LLP The Quorum Barnwell Road Cambridge CB5 8RE Bankers National Westminster Bank Plc 5 Market Place Wymondham Norfolk NR18 0AG Barclays Bank Plc 28 Chesterton Road Cambridge CB4 3AZ Investment Managers Evercore Pan Asset Management 27 Queen Anne’s Gate, London SW1H 9BU and Royal London Cash Management 55 Gracechurch Street, London EC3V 0RL


East Anglia’s Children’s Hospices Index

Page No.

1-6

Directors’ Report

7-8

Independent Auditors’ Report to the Members

9 - 10

Consolidated Statement of Financial Activities

11

Consolidated and Charity Balance Sheets

12

Consolidated Cash Flow Statement

13 - 22

Notes to the Financial Statements


East Anglia’s Children’s Hospices Directors’ Report for the year ended 31 March 2013 The directors submit their report and financial statements for the year ended 31 March 2013. Governing Document The charity was incorporated and is governed by the Memorandum and Articles of Association dated 16 April 1998 as amended. Governance A Board of Directors drawn from a variety of backgrounds, which meets bi-monthly, governs EACH. The Board is responsible for setting the strategic direction of the charity, approval of broad policy, the setting and monitoring of the overall budget, the approval of the senior management structure of the charity and the appointment of Executive Directors. The Board approves staffing levels and monitors financial income and expenditure against agreed budget and investment policies. To carry out these responsibilities the Board has established four sub-committees, namely: Finance, Fundraising & Marketing Clinical Governance Audit & Compliance Remuneration The Management Executive is headed by a Chief Executive who is supported by the Director of Care, Director of Finance and Director of Fundraising. The Board of Directors retains overall responsibility for the investment policy of the charity but delegates day to day management to the charity’s investment managers. Appointment of Directors In accordance with the Articles of Association a third of all directors in office are required to retire each year. The directors required to retire by rotation are those who have been longest in office since their appointment or reappointment. Individuals appointed as trustees of the charity will not normally serve for more than eight consecutive years provided that this period may be varied in any particular case if the other trustees then serving determine that it would be in the interests of the charity to do so. The directors of the charity during the year were: Mr C Paull (Chairman) Mr H Catchpole (Resigned 13 October 2012) Mr R Cobley (Appointed 27 September 2012) Mr N Cook Mrs T Cottis Mr R Dawson (Appointed 27 September 2012) Mr M Flynn Mr P Green Mrs H Harrison-Hall Mr R Jones Dr D McElhinney Mr J Pickering Mr W Robinson (Resigned 12 July 2012) Mr W Self (Appointed 27 September 2012) Mr M Stabler Dr V Warren

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East Anglia’s Children’s Hospices Directors’ Report (Continued) for the year ended 31 March 2013 Executive Directors Chief Executive Officer Director of Care & Deputy CEO Director of Finance Director of Fundraising

Mr G Butland Mrs T Rennie Mrs R Kiani Mrs M Chew

The Executive Directors are not directors within the meaning of the Companies Act. Our Purpose East Anglia’s Children’s Hospices (EACH) supports families throughout their experience of caring for children and young people with life-threatening illnesses and those with complex healthcare needs. We provide a range of physical, emotional, social and spiritual support, which is offered: • • • • • •

holistically centred on the family to families in East Anglia with children with life-threatening illnesses across a range of settings, including the home, hospice and hospital by specialist staff with the engagement of the community.

Our Strategic Aim EACH aims, in partnership with others, to increase the provision across East Anglia of palliative care services which are of high quality and meet the needs of children, young people and their families. Our Vision EACH’s vision is that all families of children and young people with life-threatening illnesses or complex health care needs will be able to access appropriate services of high quality. Public Benefit In setting its objectives and planning its activities and services the Board has given careful consideration to the Charity Commission’s general guidance on public benefit. As access to its services is based solely on need and no charges are made for any services provided, the Board considers that the charity meets the two important principles of the public benefit requirement. Quality Report Under the Health Act 2009 and the NHS (Quality Accounts) Regulations 2010 there is a new requirement for EACH to submit a Quality Account to the Secretary of State for Health. Quality Accounts are an annual statement from healthcare providers designed to demonstrate an organisation’s approach to on-going quality improvement. The charity’s first report was produced for 2012-13 and is available to view on the EACH website. Key Annual Objectives and Performance for the year to 31 March 2013 The key objectives of the charity for the year to 31 March 2013 are set out below together with a statement on performance. (i) To increase the amount of care delivered to children, young people and families More care was offered to more service users, as a result of recruiting additional staff and re-organising ways of working to make more efficient use of staff time. (ii) To ensure quality and consistency across EACH We commenced a review of all care processes for all elements of our service; from referral to discharge. We introduced a new approach to managing referrals resulting in reducing the time taken to complete non-urgent referrals from a monthly average of 24 days to 7. The standard for completing referrals is 14 days.

Page Page 22


East Anglia’s Children’s Hospices Directors’ Report (Continued) for the year ended 31 March 2013 We also began a review of the approach to delivering emotional health and wellbeing support and are working with specialist children’s and palliative care psychologists from Great Ormond Street NHS Trust and Addenbrookes NHS Trust to define the new model. (iii) To ensure the specialist and increasingly complex care needs of children are met safely by competent and well managed staff Staff developed the knowledge and skills required to provide safe and effective care by completing training, core knowledge & skills education programmes and clinical competencies. A medicines audit, medicines practice development and a refreshed model of clinical leadership were also implemented. (iv) To maintain financial stability in a difficult financial climate The charity has been able to sustain both its voluntary fundraising and statutory income during the year. (v) To continue to expand the charity’s retail activities through its wholly owned subsidiary Stable Trading Limited Another EACH shop was opened during the year and gross income from the retail units and our recycling initiatives increased to £1.3m. Other achievements and performance for the year include: Service delivery • The number of children and young people who accessed EACH services during the year increased to 494 and we supported 526 families. • The number of hours of care and support received by children, young people and family members increased by 29%. • Our 24/7 symptom management service was evaluated as a real success, having assessed the quality of care through nursing data and feedback from families & care professionals. The Trust funded period has now ended and EACH is funding the service from now on. • The Care Quality Commission inspected each of our three hospice services and assessed the treatment and care provided as fully compliant with all the essential national standards of care. • We began a 3-year care development programme to further improve the quality of care and the experience of children, young people and families who require specialist palliative care. • Our new young person's website was made live; a resource for young people aged 13 and over, including those considering using our services. • Our service users were able to complete the family satisfaction survey online for the first time. • We successfully delivered a one-year pilot project for the East Anglia Children’s Palliative Care Managed Clinical Network; made up of health professionals and organisations working to ensure the co-ordinated and equitable provision of high quality, clinically effective services. Additional funding was also secured extending the project until May 2014 • Our staff induction and core knowledge & skills programmes were revised, improved and implemented during the year. • We successfully rolled out SystmOne electronic care records for all children and young people, significantly improving our care information management. • We appointed our first organisational lead for young people, working with young adults to help influence our services and developing staff skills & knowledge, including a greater understanding of the transition process into adult care. • We appointed the first EACH Psychologist to assess and develop how we provide emotional health and wellbeing support to families as part of our holistic model of care. • We worked with a number of hospice services across the UK, a children’s hospice in Malaysia and welcomed a delegation from Japan, to help develop and promote children’s palliative care. Income generation and awareness • Our fundraised income for the year was 7% higher than budgeted, and we remain financially secure thanks to the support of local communities and our partnerships with the statutory sector. • Our Friends Groups raised more than £95,000 and continue to play an invaluable role in local fundraising and awareness. • A number of fundraising and marketing staff embarked on or completed professional qualifications to further enhance their knowledge and expertise.

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East Anglia’s Children’s Hospices Directors’ Report (Continued) for the year ended 31 March 2013 • • • • • •

We benefitted from this year’s Windsor Concours of Elegance, at the request of The Royal Foundation and in collaboration with Cancer Research UK and The Royal Marsden Cancer Charity. We introduced the EACH bracelet, a new and successful venture with local jewellery designer Imogen Sheeran. We opened a brand new EACH shop in the Suffolk town of Felixstowe. We worked with a number of hospice services across the UK, sharing our expertise in fundraising and marketing. We planned a national awareness campaign with Together for Short Lives for Children’s Hospice Week, having secured support from HRH The Duchess of Cambridge. This was to include our Royal Patron’s first ever video message, in support of all children’s hospice services across the UK. We attended all Royal Charities Forum meetings during the year, a collection of charities of which The Duke and Duchess of Cambridge and Prince Harry are Patrons.

Director’s induction and training New directors undergo an induction programme which enables them to visit the various parts of the organisation, meet with managers and staff, and observe at first hand the business of the charity. Directors are also asked to complete training modules for Information Governance and Safeguarding Children and Young People. Risk Assessment The Board has undertaken an annual assessment of the principal risks facing the charity and the Board is satisfied that adequate controls and procedures are in place to mitigate these risks. The Audit & Compliance Committee is responsible for overseeing the approach to risks across the whole of the charity’s activities and has reviewed the way in which it carries out this function. Financial Review The consolidated financial statements comprise the results of the charity together with those of Stable Trading Limited, a retail fund raising subsidiary which donates its profits to EACH. The consolidated Statement of Financial Activities is set out on page 9 to 10 of the financial statements. Fundraised income amounted to £7,099,802 (2012: £6,576,280) and Government grants and income from Primary Care Trusts and the Department of Health totalled £2,510,118 (2012: £2,426,454). Investment income amounted to £97,297 (2012: £82,276) and other income amounted to £19,685 (2012: £19,561). Total incoming resources for the year amounted to £9,726,902 (2012: £9,104,571). Total resources expended amounted to £10,004,289 (2012: £8,438,236). For the financial year there was a net deficit of £277,387 (2012 surplus of: £666,245). Realised investment gains on disposals in the year amounted to £37,229 (2012: loss £72,048). Unrealised gains totalled £188,147 (2012: loss £129,969) resulting in a net deficit for the year of £52,011 (2012 net surplus of: £464,228). At 31 March 2013 the net assets shown in the consolidated balance sheet amounted to £15,290,017 (2012: £15,342,028). The directors are satisfied that EACH has a sound financial state of affairs on which to base its continuing service to the community.

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East Anglia’s Children’s Hospices Directors’ Report (Continued) for the year ended 31 March 2013

Statement of Directors’ Responsibilities The directors are responsible for preparing this Director’s Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the directors to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the trustees are required to: • • • • •

select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. 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. In so far as the directors are aware: • there is no relevant audit information of which the charitable company’s auditor is unaware; and • the directors have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. Investment Powers and Policy During the year the directors have carried out a review of the charity’s investment policy. The policy requires the charity to invest reserves in such a manner that the risk profile reflects planned expenditure and future plans. Reserves Policy, Designated Funds and General Funds In line with the Charity Commission's guidelines, it is clear that an organisation with operating costs in excess of £10m per year needs reserves. The reserves policy is designed to meet the requirements of significant future expansion plans and also to provide stability for the charity in times of economic uncertainty. The reserves policy requires that available funds should be sufficient to cover expenditure when income is reduced. A potential reduction in income has been estimated to be represented by 25% of annual fundraised income and 75% of annual statutory income as forecast for the year ahead. In 2013/14 this equates to a reserve of £1.3m for fundraised income and £1.8m for statutory income, this amount has been set aside as designated income along with an additional £3.7m designated for planned project expenditure which includes: service development £1.8m, planned building development £0.8m, building maintenance £0.2m and planned capital expenditure £0.9m, Designated funds also include a capital reserve to cover the net book value of freehold and leasehold buildings of £3.9m. Restricted funds are £3.1m. General funds are £1.6m which includes £0.8m allocated for working capital.

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East Anglia’s Children’s Hospices Directors’ Report (Continued) for the year ended 31 March 2013

Restricted Capital Reserve (Freehold) Capital Reserve (Leasehold) Other Restricted Funds Care Expansion Project (4 years) Building Maintenance Reserve Capital Expenditure 2013-2017 Statutory Funding Reserves @ 75% Fundraised Income Reserve @ 25% Hospice Development Working capital Balance of General Funds Total Reserves

2,838,754 241,398

Designated 3,014,285 851,145

General

1,776,000 200,000 900,000 1,781,147 1,296,896 800,000

3,080,152

10,624,949

800,000 790,392 1,590,392

Total 3,014,285 3,689,899 241,398 1,776,000 200,000 900,000 1,781,147 1,296,896 800,000 800,000 790,392 15,290,017

Auditors The board recommend to the AGM that the Price Bailey LLP should continue to be engaged as auditors for the forthcoming financial year.

BY ORDER OF THE BOARD

Graham Butland Secretary th

Date: 16 July 2013

Page Page 66


East Anglia’s Children’s Hospices Independent Auditor’s Report to the Members of East Anglia’s Children’s Hospices We have audited the financial statements of East Anglia’s Children’s Hospices for the year ended 31 March 2013 which comprise the Consolidated Statement of Financial Activities, the Consolidated and Charity Balance Sheets, the Consolidated Cash Flow Statement and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members 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 charitable company and its members as a body, for our audit work, for this report, or for the opinions we have formed. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND AUDITORS As explained more fully in the Directors’ Responsibilities Statement set out on page 5, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practice Board’s (APB’s) Ethical Standards for Auditors. SCOPE OF THE AUDIT OF THE FINANCIAL STATEMENTS An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the charitable company’s circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the trustees; and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the Directors’ Report to identify material inconsistencies with the audited financial statements. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report. OPINION ON FINANCIAL STATEMENTS In our opinion the financial statements: •

give a true and fair view of the state of the group and charitable company’s affairs as at 31 March 2013 and of the group’s incoming resources 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 Accounting Practice; and

have been prepared in accordance with the requirements of the Companies Act 2006.

OPINION ON OTHER MATTER PRESCRIBED BY THE COMPANIES ACT 2006 In our opinion the information given in the Directors’ Report for the financial year for which the financial statements are prepared is consistent with the financial statements.

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East Anglia’s Children’s Hospices Independent Auditor’s Report to the Members of East Anglia’s Children’s Hospices MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION We have nothing to report in respect of the following matters where the Companies Act 2006 requires 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

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of trustees’ remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit.

Daren Moore (Senior statutory auditor) for and on behalf of Price Bailey LLP Chartered Accountants and Statutory Auditor The Quorum Barnwell Road Cambridge CB5 8RE

th

Date: 16 August 2013

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East Anglia’s Children’s Hospices Consolidated Statement of Financial Activities (incorporating an Income and Expenditure Account) for the year ended 31 March 2013

Notes

Incoming Resources Incoming resources from generated funds: Voluntary income Donations and gifts Trust income Legacies Activities for generating funds Trading turnover Investment income Other incoming resources

Incoming resources from charitable activities: Statutory Funding DoH Children’s Palliative Care Grant Department of Health funds

11

Total Incoming Resources

2013 Total Funds £

2012 Total Funds £

General Funds £

Designated Funds £

Restricted Funds £

3,376,013 316,597 1,809,333

-

43,427 255,510 -

3,419,440 572,107 1,809,333

3,736,575 525,953 1,064,564

1,298,922 97,297 19,685

-

-

1,298,922 97,297 19,685

1,249,188 82,276 19,561

6,917,847

-

298,937

7,216,784

6,678,117

1,761,551 748,567

-

-

1,761,551 748,567

1,677,887 748,567

9,427,965

-

298,937

9,726,902

9,104,571

Resources Expended Cost of generating funds: Fundraising and publicity Fundraising trading: cost of goods sold and other costs Investment management fees

1,270,702

-

475

1,271,177

1,229,279

1,134,088 16,222

-

-

1,134,088 16,222

908,246 16,103

Cost of generating funds

2,421,012

-

475

2,421,487

2,153,628

Charitable activities: Care costs, education, training and research

6,549,530

643,767

319,928

7,513,225

6,234,376

69,577

-

-

69,577

50,322

6,619,107

643,767

319,928

7,582,802

6,284,698

9,040,119

643,767

320,403

10,004,289

8,438,326

387,846

(643,767)

(21,466)

(277,387)

666,245

Governance costs

Total Resources Expended Net Incoming/(Outgoing) Resources before transfers Transfers between funds Net Incoming/(Outgoing) Resources Carried forward

4

10

(3,675,405)

3,675,405

(3,287,559) 3,031,638

Page 99 Page

-

(21,466)

-

(277,387)

-

666,245


East Anglia’s Children’s Hospices Consolidated Statement of Financial Activities (incorporating an Income and Expenditure Account) for the year ended 31 March 2013

Notes

Net Incoming/(Outgoing) resources brought forward Other Recognised Gains and Losses Gains/(Losses) on Investment Assets Realised Unrealised Net Movement in Funds

General Funds £

(3,287,559)

Designated Funds £

3,031,638

Restricted Funds £

2013 Total Funds £

2012 Total Funds £

(21,466)

(277,387)

666,245

37,229 188,147

(72,048) (129,969)

(52,011)

464,228

15,342,028

14,877,800

15,290,017

15,342,028

6 37,229 188,147

-

-

(3,062,183)

3,031,638

(21,466)

Fund balances brought forward

4,652,575

7,587,835

3,101,618

Fund balances carried forward

1,590,392

10,619,473

3,080,152

All amounts relate to continuing activities. There were no recognised gains or losses other than those included above. The surplus/(deficit) for the year for Companies Act purposes comprises the net incoming resources for the year plus/less realised gains/losses on investments and was £(240,158) (2012: £594,197 ). The attached notes form part of these financial statements.

Page Page 10 10


East Anglia’s Children’s Hospices (registered number 3550187) Consolidated and Charity Balance Sheets as at 31 March 2013 0

Fixed Assets Tangible assets Investments

Current Assets Stock Debtors Cash at bank and in hand

Notes

Group 2013 £

Group 2012 £

Charity 2013 £

Charity 2012 £

5 6

7,451,163 2,726,504

7,354,928 2,456,615

7,342,577 2,726,504

7,266,665 2,456,615

10,177,667

9,811,543

10,069,081

9,723,280

15,320 944,663 4,717,251

16,355 1,047,620 4,993,867

957,427 4,704,766

1,083,849 4,917,946

5,677,234

6,057,842

5,662,193

6,001,795

7 8

Liabilities Creditors: amounts falling due within one year

9

(564,884)

Net Current Assets Total Assets less Current Liabilities being Net Assets

(527,357)

(496,264)

(440,092)

5,112,350

5,530,485

5,165,929

5,561,703

15,290,017

15,342,028

15,235,010

15,284,983

3,865,430 6,754,043 1,590,392

3,734,660 3,853,175 4,652,575

3,865,430 6,754,043 1,535,385

3,734,660 3,853,175 4,595,530

12,209,865

12,240,410

12,154,858

12,183,365

3,080,152

3,101,618

3,080,152

3,101,618

15,290,017

15,342,028

15,235,010

15,284,983

Funds of the Charity Unrestricted income funds: Capital Reserve Designated Funds General Fund

Restricted funds Total Charity Funds

10 10 10

10

th

Approved by the Board of Directors and authorised for issue on 16 July 2013

Charles Paull Director

The attached notes form part of these financial statements

Page 11 11 Page


East Anglia’s Children’s Hospices Consolidated Cash Flow Statement for the year ended 31 March 2013

Notes

2013 £

2012 £

Net cash inflow from operating services

17

127,525

531,988

Returns on investments and servicing of finance

18

97,297

82,276

Capital expenditure and financial investment

18

(535,845)

(405,081)

(311,023)

209,183

(Decrease)/increase in cash and cash equivalents

Reconciliation of Net Cash Flow to Movement in Net Funds (Decrease)/increase in cash in the year

19

(276,616)

142,500

(Decrease)/increase in investment accounts

19

(34,407)

66,683

(311,023)

209,183

(Decrease)/increase in funds Net funds at 1 April 2012

5,092,876

4,883,690

Net funds at 31 March 2013

4,781,853

5,092,872

The attached notes form part of these financial statements

Page Page 12 12


East Anglia’s Children’s Hospices Notes to the Financial Statements for the year ended 31 March 2013 1

Accounting Policies a)

Basis of preparation The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Statement of Recommended Practice (SORP) on ‘Accounting and Reporting by Charities’ published in March 2005 and applicable accounting standards. The group financial statements include the results of the company and Stable Trading Limited a company limited by guarantee under the control of the directors. In accordance with Section 408 of the Companies Act and paragraph 397 of the SORP, no income and expenditure account is presented for the Company itself.

b)

Fund accounting General funds are unrestricted funds which are available for use at the discretion of the directors in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the directors for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donors or other providers or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

c) Incoming resources All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. Gifts in kind are included as donations in the year of receipt at estimated market value and are included on the balance sheet as fixed assets as appropriate. Voluntary labour is not evaluated and is consequently not included in the financial statements. d)

Resources expended All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.

e)

Depreciation Depreciation is provided to write off the cost of the tangible fixed assets, other than freehold land and assets in the course of construction, over their estimated useful lives by equal annual instalments at the following rates:

Motor vehicles Fixtures and equipment Freehold buildings Improvements to leasehold property

20% on cost 20 – 33.3% on cost 2% on cost Over the period of the lease

f)

Investments Investments are stated at market value at the balance sheet date. The SOFA includes the gains and losses arising on revaluations and disposals throughout the year.

g)

Stocks Stocks, which comprise fund raising goods for resale, are valued at the lower of cost and net realisable value.

h)

Pensions The Charity operates a defined contribution scheme, the assets of which are held separately from those of the Charity. In addition, the Charity contributes to a statutory NHS pension scheme in respect of

Page 13 13 Page


East Anglia’s Children’s Hospices Notes to the Financial Statements for the year ended 31 March 2013 certain employees. The Charity’s contributions to both schemes are written off in the year in which they are incurred. i)

Operating leases – Rentals payable under operating leases are charged to the SOFA over the period in which the cost is incurred.

2

Status The charity is a company limited by guarantee. The members of the company are the directors named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.

3

Resources Expended 2013 £

2012 £

Governance costs includes: Auditors’ remuneration - for audit - for other services

15,000 -

15,000 -

Operating lease charges Plant and Machinery Other Assets

4,136 24,951

4,136 24,951

6,173,423 537,614 369,788 224,491

5,067,286 463,283 310,552 252,218

7,305,316

6,093,339

Total staff costs comprise: Wages and salaries Social security costs Other pension costs Other Staff Costs

The average number of persons and average contract salary, based on full time equivalent, analysed by function, employed during the period was: Function Number Number Average Average Salary £ Salary £ 2013 2012 2013 2012 Care Fundraising Admin, HR and Finance Facilities Retail

136 22 20 18 19 216

112 19 20 15 18 184

24,359 25,199 25,083 18,095 18,387

24,107 25,233 25,434 12,049 18,136

The average number of employees accruing pension benefit during the year was 130. The above numbers do not include directors who are not permitted to receive remuneration for their duties. The Directors claimed a total of £1,253 in expenses during the year (2012: £1,334). The company holds directors indemnity insurance. The cost of this is included within the aggregate insurance costs of the charity. The number of higher paid employees was: 2013 Taxable emoluments band: £60,000-£70,000 3 £70,000-£80,000 £80,000-£90,000 1 The cost of pension benefits for the higher paid employees totalled £23,017 (2012: £14,616).

Page Page 14 14

2012 2 1


East Anglia’s Children’s Hospices Notes to the Financial Statements for the year ended 31 March 2013 4

Analysis of Total Resources Expended

Staff costs £ Costs of generating funds Fundraising and publicity Trading costs of subsidiary Investment management fees

Charitable activities Care costs - Hospices Support costs

Governance costs External audit Legal and other professional fees

Total resources expended

Other £

Depreciation £

2013 Total £

2012 Total £

733,847 490,859 -

521,008 608,980 16,222

16,322 34,249 -

1,271,177 1,134,088 16,222

1,229,279 908,246 16,103

1,224,706

1,146,210

50,571

2,421,487

2,153,628

5,460,524 620,086

979,789 142,706

310,120 -

6,750,433 762,792

5,559,930 674,446

6,080,610

1,122,495

310,120

7,513,225

6,234,376

-

15,000 54,577

-

15,000 54,577

15,000 35,322

-

69,577

-

69,577

50,322

7,305,316

2,338,282

360,691

10,004,289

8,438,326

Page 15 15 Page


East Anglia’s Children’s Hospices Notes to the Financial Statements for the year ended 31 March 2013 5

Tangible Fixed Assets Improvements to leasehold Property £

Freehold Property £

Furniture Equipment & vehicles £

Total £

Cost at 1 April 2012 Reclassifications Additions in year Disposal in year

3,905,145 (134,221) 123,637 -

3,687,494 195,544 -

1,632,950 134,221 83,173 -

9,225,589 402,354 -

At 31 March 2013

3,894,561

3,883,038

1,850,344

9,627,943

145,990

797,001

1,015,933

1,958,924

47,704

71,752

206,986

326,442

193,694

868,753

1,222,919

2,285,366

3,700,867

3,014,285

627,425

7,342,577

3,759,155

2,890,493

617,017

7,266,665

Improvements to leasehold Property £

Freehold property £

Furniture Equipment & vehicles £

Total £

Cost at 1 April 2012 Reclassifications Additions in year Disposals in year

3,899,661 (134,221) 123,637 -

3,687,494 195,544 -

1,810,576 134,221 137,744 -

9,397,731 456,925 -

At 31 March 2013

3,889,077

3,883,038

2,082,541

9,854,656

145,990

797,001

1,099,812

2,042,803

47,704

71,752

241,234

360,690

193,694

868,753

1,341,046

2,403,493

3,695,383

3,014,285

741,495

7,451,163

3,753,671

2,890,493

710,764

7,354,928

Charity

Accumulated depreciation at 1 April 2012 Disposal Charge for year At 31 March 2013 Net book value - at 31 March 2013 - at 1 April 2012

Group

Accumulated depreciation at 1 April 2012 Disposals Charge for year At 31 March 2013 Net book value - at 31 March 2013 - at 1 April 2012

All tangible fixed assets are utilised in the furtherance of the principal activity of the company.

Page Page 16 16


East Anglia’s Children’s Hospices Notes to the Financial Statements for the year ended 31 March 2013 6

Investments 2013 Cost

2012 Market Value £

Cost

763,796 74,561 136,208 394,180 397,150 119,553 50,847 505,196 60,110

778,743 81,530 161,319 426,818 506,817 72,069 54,881 508,406 71,319

880,193 61,715 470,664 397,150 205,959 119,553 200,598 60,110

887,239 64,686 456,893 398,384 192,839 91,618 204,776 61,171

2,501,601

2,661,902

2,395,942

2,357,606

Group and Charity

£

Fixed Income Bonds UK Equities US Equity Asian Equities Global Property Alternatives Commodities European Equities Global Equities Other Overseas Equities Emerging Markets UK Property

Balance on investment accounts

Market value at beginning of year Less: Disposals at opening book value (proceeds: £1,718,814, gain £37,229) Add: Acquisition at cost Net gains/(losses) on revaluation at 31 March 2013

Market Value £

£

64,602

99,009

2,726,504

2,456,615

2013

2012

2,357,606

2,597,727

(1,681,583) 1,797,732 188,147

(1,082,512) 972,360 (129,969)

2,661,902

2,357,606

Market value at end of year

Investments greater than 5% of total market value include: INVESTMENT

Market Value £

ishares Far East ex Japan

238,192

ishares FTSE Asia Ppty

232,142

ishares Mkt iboxx Corporate Bond 1-5

347,636

HSBC MSCI World Chase

358,645

Ishares Barclays Lined Gilts

165,286

Ishares Barclays Global Infl Bond

158,919

Ishares FTSE dev market ppty

146,325

Investment income from listed investments was £60,735 (2012: £44,682) and bank interest for the year totalled £36,562 (2012: £37,594). 7

Stock 2013 Group £ Goods for resale

15,320

Page 17 17 Page

2012 Charity £

Group £ -

16,355

Charity £ -


East Anglia’s Children’s Hospices Notes to the Financial Statements for the year ended 31 March 2013 8

Debtors 2013

Due within one year: Trade debtors Due from Stable Trading Limited (notes 12 and 16) Income tax recoverable Other debtors

9

2012

Group £

Charity £

Group £

Charity £

429,282 26,862 488,519

429,078 130,372 26,862 371,115

440,002 57,888 549,730

431,602 171,294 57,888 423,065

944,663

957,427

1,047,620

1,083,849

Creditors: amounts falling due within one year 2013

Trade creditors Taxes and social security costs Other Accruals and deferred income

Page Page 18 18

2012

Group £

Charity £

Group £

Charity £

259,147 153,337 53,798 98,602

206,158 153,337 53,798 82,971

187,164 129,754 65,282 145,157

169,605 129,754 65,282 75,451

564,884

496,264

527,357

440,092


East Anglia’s Children’s Hospices Notes to the Financial Statements for the year ended 31 March 2013 10 Statement of Funds

Unrestricted funds General fund Designated funds Development Fund Capital reserve Treehouse Appeal

Restricted Funds – Capital Hospice Equipment Milton Refurbishment Playground Appeal Milton Playground Appeal Quidenham Quidenham Extension Treehouse Appeal

Restricted Funds – Revenue NNF Event for Norfolk Nurses Staff Fund Hospice Activities for Children Family Support Services Music Therapy for Children Nursing Salaries Care for Huntingdon Children Care for Essex Families Care for Ely Children Care for Norwich Children

Total funds

Balance 1 April 2012 £

Amount receivable in year £

Amount expended in year £

4,652,575

9,427,965

9,040,119

3,159,767 3,734,660 693,408

-

643,767 -

-

3,381,414 130,770 163,221

12,240,410

9,427,965

9,683,886

225,376

-

12,209,865

2,001 1,000 91,092 8,863 74,869 2,923,163 3,100,988

35,607 4,100 39,707

13,519 204 2,463 5,923 34,180 84,409 140,698

-

-

24,089 796 88,629 7,040 40,689 2,838,754 2,999,997

-

-

475 1,980 25,500 230 131,510 2,010 5,000 12,000 1,000 179,705

-

-

9,726,902 10,004,289

225,376

-

475 155 630 15,342,028

1,980 25,500 230 211,510 2,010 5,000 12,000 1,000 259,230

Investment Gains £

Transfers £

Balance 31 March 2013 £

225,376 (3,675,405) 1,590,392 5,897,414 3,865,430 856,629

155 80,000 80,155 15,290,017

Restricted Funds Capital restricted funds have been spent in line with their respective restrictions, the items purchased are depreciated against the restricted fund over the life of the asset. Revenue Restricted funds are allocated against expenditure as it is incurred, the balance on nursing salaries is due to the donor’s request to spread the donation over five years with four years remaining (£80,000). General Funds The general fund of £1,590,392 (2012: £4,652,575) includes £60,484 (2012: £62,530) which has been retained in the reserves of Stable Trading Limited. Designated Funds The capital reserve £3,865,430 (2012: £3,734,660) is a designated fund set aside by the directors out of unrestricted funds and represents the net book value of sums expended on freehold and leasehold properties. The transfer to the Capital Reserve from the General Reserve comprises expenditure in the year on freehold property additions, less the depreciation charge for the year and the closing net book value of improvements to leasehold property. The Development fund £5,897,414 (2012: £3,159,767) is a designated fund set aside by the directors out of unrestricted funds and is allocated to future development. The amount expended in the year is in line with the amount allocated in the EACH strategic plan and has been invested primarily in additional care staff.

Page 19 19 Page


East Anglia’s Children’s Hospices Notes to the Financial Statements for the year ended 31 March 2013 The designated Treehouse Appeal £856,629 (2012: £693,408) is a designated fund set aside by the directors towards the costs of building the Treehouse hospice. This fund represents a proportion of the netbook value of the Treehouse building costs which are not represented in restricted funds. 11 Department of Health, Section 64 Children’s Hospice and Children’s Hospice at Home Funding & Children’s Palliative Care Funding During the year the charity successfully applied for Section 64 Funding from the Department of Health. The total amount awarded for the year amounted to £748,567. The full amount of the grant was spent during the year. 12 Subsidiary company Stable Trading Limited is a company limited by guarantee which is under the control of the directors of the Hospice. Stable Trading Limited engages in fund raising activities on behalf of the Hospice and passes its profits to the Hospice by way of a charitable donation. A summary of the results of Stable Trading Limited is shown below: 2013 £ Turnover Cost of sales

Operating expenses Interest receivable

1,248,883 (31,700)

1,364,341 (140,803)

1,217,183

1,223,539

(1,107,136) -

Net profit Amount gifted to the Charity Retained in subsidiary

2012 £

(885,440) 93

110,047

338,192

(112,093)

(324,500)

(2,046)

13,692

The aggregate of assets, liabilities and reserves was: Total assets Creditors: amounts falling due within one year Total net assets (representing revenue reserves)

259,476 (198,992)

321,089 (258,559)

60,484

62,530

Stable Trading operates a retail gift aid scheme on behalf of EACH. During the year this raised an additional £204,088 of sales and £51,022 of gift aid income both amounts were transferred to the charity. Stable Trading also collected £50,038 of charity donations which were passed directly to the charity.

Page Page 20 20


East Anglia’s Children’s Hospices Notes to the Financial Statements for the year ended 31 March 2013 13 Analysis of Net Assets Between Funds

Fund Balances at 31 March 2013 are represented by: Tangible fixed assets Investments Current assets Current liabilities Total Net Assets

Restricted Fund £

General Fund £

2,999,997 80,155 -

585,736 1,569,540 (564,884)

3,080,152

Designated Fund

Capital Reserve £

Total Funds £

2,726,504 4,027,539 -

3,865,430 -

7,451,163 2,726,504 5,677,234 (564,884)

1,590,392

6,754,043

3,865,430

15,290,017

Unrealised gains included above: On investment assets (see note below)

-

188,147

-

-

188,147

Reconciliation of Movements in Unrealised Gains/Losses on Investment Assets Unrealised gains at 1 April 2012 Losses realised on disposal in year

-

(38,337) 10,491 27,846

-

-

(38,337) 10,491 27,846

Add: Net gains on revaluations in year

-

(188,147)

-

-

(188,147)

Unrealised gains at 31 March 2013

-

(160,301)

-

-

(160,301)

14 Pension Cost The Charity operates a ‘group personal pension plan’. The assets of the scheme are held separately from those of the Charity in an independently administered fund. In addition the Charity made contributions to a Statutory NHS pension scheme in respect of certain employees. The Charity is unable to identify its share of the underlying assets and liabilities of the scheme and hence contributions to the scheme are accounted for as if it were a defined contribution scheme. Total contributions payable by the Charity amounted to £369,788 (2012: £310,552) in respect of both schemes. Contributions totalling £53,785 (2012: £65,246) were payable in respect of the above schemes at the year end and are included in creditors. 15 Financial Commitments Financial commitments under non-cancellable operating leases will result in the following payments falling due in the next financial year: 2013 2012 £ £ £ £ Land and Land and buildings Other buildings Other Leases expiring: Within 1 year In 2-5 years Over 5 years

61,900 154,660 72,404

29,087 -

56,940 78,450 124,930

29,087 -

288,964

29,087

260,320

29,087

Capital commitments at 31 March 2013 amounted to approximately £4,563.

Page 21 21 Page


East Anglia’s Children’s Hospices Notes to the Financial Statements for the year ended 31 March 2013 16 Related Party Transactions East Anglia’s Children’s Hospices has a wholly owned subsidiary, Stable Trading Limited, which gifts its profits to the charity (see note 12). The balance due from Stable Trading Limited at the year-end amounted to £130,372 (2012: £171,294). East Anglia’s Children’s Hospices also has another wholly owned subsidiary, The Children’s Hospice for the Eastern Region, which is dormant and has no assets or liabilities. East Anglia’s Children’s Hospices is controlled by the directors. 17 Reconciliation of Net Incoming Resources to Cash Flow from Operating Activities 2013 £ Net incoming resources Depreciation and losses on disposal Change in debtors Change in creditors Change in stock Investment income

2012 £

(277,387)

666,245

360,690 102,957 37,527 1,035 (97,297)

286,754 23,382 (361,783) (334) (82,276)

127,525

531,988

2013 £

2012 £

18 Gross Cash Flows

Returns on investments and servicing of finance Investment income received

97,297

Capital Expenditure and financial investment Payments to acquire tangible fixed assets Payments to acquire investments Receipts from sale of investments

82,276

(456,925) (1,797,734) 1,718,814

(443,185) (972,360) 1,010,464

(535,845)

(405,081)

19 Analysis of Changes in Net Funds At 1 April 2012 £ Cash at bank and in hand Investments accounts

Page 22 22 Page

Cashflow £

At 31 March 2013 £

4,993,867 99,009

(276,616) (34,407)

4,717,251 64,602

5,092,876

(311,023)

4,781,853


East Anglia’s Children’s Hospices Children’s hospice care services across East Anglia Quidenham (Norfolk) Milton (Cambs & Essex) The Treehouse (Suffolk & Essex) Fundraising offices: Cambs: 01223 205180 • Essex: 01206 848450 Norfolk: 01953 666767 • Suffolk: 01473 276196

EACHhospices

@EACH_hospices

Registered Charity No. 1069284


Annual Report 2012 / 2013