Eden Valley Hospice 2012 Accounts by Eden Valley Hospice & Jigsaw Children's Hospice

Company Registration Number 2677824

Eden Valley Hospice, Carlisle Financial Statements 31st December 2012

Company Limited by Guarantee Charity Number 1008796

Armstrong Watson Chartered Accountants & Statutory Auditors Fairview House Victoria Place Carlisle Cumbria CA1 1HP

EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2012 CONTENTS

PAGE

Trustees' Annual Report

Independent Auditor's report to the members

Consolidated Statement of Financial Activities

Summary Consolidated Income and Expenditure Account

Consolidated Balance Sheet

Company Balance Sheet

Consolidated Cash Flow Statement

Notes to the financial statements

The following pages do not form part of the financial statements Detailed Statement of Financial Activities

EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE TRUSTEES' ANNUAL REPORT (continued) YEAR ENDED 31 DECEMBER 2012 Charity Registration number

1008796

Company Registration number

2677824

The Board of Directors

Mr. B. T. Allen Mr. C. Birtle Mr. J. H. Elliott Mrs. F. C. Fell Mrs. C. R. Ferguson Ms. L. Garbarino Mr. S. Johnson Mrs. A. M. Leung (Vice-Chair) Ms. J. E. Naylor Mr. J.D. Peatfield Mr. R. W. Peckford Mr. W. J. Priddle Mr. J. S. Remmer (Chairman) Mr. A. J. Setters

Chief Executive

Ms. Janet Ferguson

Company Secretary

Mr. P. Cookson

Registered office

Durdar Road Carlisle Cumbria CA2 4SD

Auditors

Armstrong Watson Chartered Accountants & Statutory Auditors Fairview House Victoria Place Carlisle Cumbria CA1 1HP

Bankers

HSBC Plc. PO Box 5 29 English Street Carlisle Cumbria CA3 8JT Clydesdale Bank Plc. 239 Kingstown Road Kingstown Industrial Estate Carlisle CA3 0BQ

Solicitors

Cartmell Shepherd Viaduct House Carlisle Cumbria CA3 8EZ -1-

EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE TRUSTEES' ANNUAL REPORT (continued) YEAR ENDED 31 DECEMBER 2012 The Trustees, who are also Directors for the purposes of the Companies Act, have pleasure in presenting their report and the financial statements of the charity for the year ended 31 December 2012. Eden Valley Hospice is dedicated to providing specialist palliative and end of life care to adults from the local area and children throughout Cumbria, as well as caring for their families, friends and carers. We aim to provide the highest standards of nursing and medical care, to sustain quality of life and dignity and to provide patients with relief from pain. Our aim is to control symptoms, relieve physical and emotional distress and provide support to both patient and family. We aim to:       

Provide specialist palliative care in a therapeutic environment for people living with a progressive illness, supporting them to live life comfortably and fully. Extend care and comfort to families, supporting them as partners in care and recognising their individual needs. As well as managing physical symptoms, we offer care for the spiritual, emotional, psychological and social needs of patients and carers. Provide bereavement care and support. Provide a local resource, as a centre of knowledge for the management and support of those requiring palliative care, from which the community can access help. Share our knowledge and beliefs to support each other, listening and communicating effectively. Be aware of and respect each individual’s strengths and weaknesses.

Eden Valley Hospice Services include 12 bedded Adult In-Patient Unit, Adult Day Hospice, Out-Patient Clinics, Family Support Team, Complementary Therapies and Training and education. Eden House Children's Hospice is an integral part of Eden Valley Hospice providing day to day palliative care and support to children and young people who are living with a life limiting illness. Family and sibling support are also important elements of our service. Care is provided in a home from home setting and each young person who is staying with us has their own bedroom. The ethos of Eden House is to work in partnership with the child, their family and other professionals. The aim of the care team is to maintain the child’s normal routine and make their stay as special and enjoyable as possible. We aim to:  Provide a flexible, high quality and child/young person focused service of respite and palliative care across Cumbria.  Work in partnership with the children, their families and all agencies involved with their care.  Offer support to families as well as children. All our services are provided by qualified and experienced staff, supported by a large team of committed volunteers.

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EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE TRUSTEES' ANNUAL REPORT (continued) YEAR ENDED 31 DECEMBER 2012 2012 Impact and Achievements 2012 has been a positive and dynamic year, creating a good basis for future development. The Hospice has received positive evaluations from two external sources. First the Investors in People accreditation gave positive feedback about the developing culture and ethos across the Hospice. “The Hospice has a dedicated and stable team of staff who collectively possess considerable skills, knowledge and experience – they are in turn supported by dedicated volunteers in all parts of the organisation. The key will be to ensure that they are all fully engaged with the external challenges, understand the part they can play and receive the learning and support they require. The management challenge is influenced by the complexity of the organisation, its range of services areas, the involvement of a large number of volunteers and the need to operate within the community including shops.” Both staff and volunteers contributed to the Investors in People accreditation process in March 2012. The Assessor reported it was clear that staff and volunteers remain committed, energised and enthusiastic – “all have successfully maintained the happy and caring atmosphere at the Hospice and there have been impressive improvements to the facilities since the last review”. He recognised a collective awareness and appreciation of the future role of the hospice within the community it serves, improved communications and a changing culture. Secondly on 27 April 2012, inspectors from the Care Quality Commission (CQC), the independent regulator of health and adult social care services in England, paid an unannounced visit to Eden Valley Hospice to assess our compliance with the CQC standards that apply to hospices. They found the hospice to be compliant with all the outcomes which were included in the inspection. “The people we talked with, who were using the services of the Eden Valley Hospice, all expressed satisfaction with the support and services they were receiving. People told us that the staff looked after them well and their needs were being met,” said the report. “We observed staff engaging with people in ways that demonstrated that they were trained and experienced to deliver appropriate and sensitive support.” The positive nature of the Care Quality Commission report suggests that the constructive approach we have taken to the standards, using them as a tool to bench mark and identify areas for improvement has been a constructive one which we will build on during 2013. This achievement reflects the ongoing commitment of staff and volunteers to provide consistently high quality care to all patients and their families. The Hospice will continue to monitor itself against these and other standards, such as those for Information Governance, and new forms of monitoring will be introduced by 2013 including the Patient Safety Thermometer.

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EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE TRUSTEES' ANNUAL REPORT (continued) YEAR ENDED 31 DECEMBER 2012 Achievements          

Increased activity compared with 2011 in Out-Patients, Admissions and Day Hospice Sunflower Group facilitated for carers. Support to neuroferritinopathy clinic. Medical input to Penrith Day Hospice. Specialist Out of Hours advice for doctors and other health professionals. Review and development of Board of Trustees. Training placements for Cumbrian GPs undertaking Practical Palliative Care Skills course. Placements for counselling students within the bereavement team. Placement for social work student. Roll out of Six Steps to Improve End of Life Care training programme to improve end of life care in care homes across Carlisle and Eden.

Care provided in 2012 Adult In-Patient  290 patient admissions  142 Discharges  148 Deaths Day Care  Eden House 

109 Patients

50 Patients

Family Support Team  Around 500 Families

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document Eden Valley Hospice was incorporated on 15th January 1992 as a company limited by guarantee with a company registration number of 2677824, and is registered with the Charity Commission with a registration number of 1008796. The company is governed by its Memorandum and Articles of Association. Recruitment, Appointment, Training and Induction of Trustees Trustees serve for four years and for a further four years if they wish, with a maximum period of eight years. They may offer themselves for re-election in accordance with our memorandum and articles, if they have expertise, or skills, which the Board wishes to retain, and if there are no alternatives available. Trustees can be elected for a maximum of a further 4 years.

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EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE TRUSTEES' ANNUAL REPORT (continued) YEAR ENDED 31 DECEMBER 2012 Trustee skills audits are carried out on an annual basis, and if there are any retirements pending or skill gaps within the Board, recruitment takes place. Advertisements are placed in local newspapers and on the website, applications are sought and members of our Board of Trustees, led by the Chairman, carry out interviews. Trustees are only appointed after references and an enhanced Criminal Record Bureau Disclosure is received. An induction programme is drawn up and agreed by the Chairman, which includes individual meetings with the Chief Executive and Senior Management Team members, along with visits to Eden Valley Hospice, and where appropriate to other hospices. Information from the Charity Commission and Companies House relating to the duties and responsibilities of trustees is given to each new recruit. Details of relevant courses are shared with trustees, to enable them to increase their knowledge and understanding of their role. At the end of 2012 Carole Ferguson, who has been Chair of the Board of Trustees for 5 years stood down and John Remmer was elected as the new chair. Organisational Structure The Board of Trustees has overall responsibility for the governance and delivery of services, including agreeing strategy, meeting at least bi-monthly and taking special interest in specific areas of the hospice. In 2012 Building on Our Strengths was agreed as the strategy for 2012 to 2015. All conflicts of interest are stated at Board meetings, with expressions of interest noted at any meetings with regard to agenda items. A developmental review of the Board took place in 2012. Positive outcomes from this included the development of three new sub committees with clear terms of reference and delegated powers; these are Remuneration and Appointments, Finance and Audit and Complaints and Disciplinary. A Trustee also chairs the Clinical Governance Group and trustees participate in the Energy Efficiency Group and the Marketing Group. The Chief Executive has responsibility for implementing strategy and overseeing day to day running of the hospice, which is co-coordinated through the Senior Management Team (SMT). The Senior Management Team consists of Chief Executive, Head of Finance, Administration and Support Services, Head of Nursing and Head of Marketing and Fundraising. The Management Team which was created in Autumn 2011 includes operational managers from across the hospice and is now becoming well established in its role. This Management Team receives reports from all working groups across the hospice, undertakes identified pieces or work and monitors the CQC outcomes. Related Parties Eden Valley Hospice will continue to work in partnership with other non-statutory and with statutory service providers, with commissioning authorities and with service users, to develop specialist palliative care services for both adults and children. The structures and responsibilities of the NHS which is a key partner, has been changing rapidly in 2012. The Trustees and Senior Management Team are proactively engaged in developing and sustaining links with a range of commissioning leads and other local providers.

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EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE TRUSTEES' ANNUAL REPORT (continued) YEAR ENDED 31 DECEMBER 2012 Risk Management Statement The Hospice has a risk management strategy, which comprises:  Reviewing the risks faced by Eden Valley Hospice and documenting in a Risk Register.  Establishing and reviewing policies and procedures to mitigate those identified risks.  Implementing policies and procedures designed to minimise any potential impact on Eden Valley Hospice should those risks materialise.  Process for recording and reviewing all accidents, incidents and near misses. Compliance with Laws and Regulations The Chief Executive reports to Board meetings and meets regularly with the Chairman. Minutes from Senior Management Team meetings and from the Clinical Governance committee are circulated to all Board members. Following publication of the Health and Social Care Act 2008 (Regulated Activity) Regulations 2009, the Hospice is monitored on Essential Standards of Quality and Safety by the Care Quality Commission (CQC). The Hospice received an unannounced inspection in April 2012 which was very positive. Copies of the inspection reports are available from the Hospice or from the Care Quality Commission Website. The Hospice continues to be monitored in respect of health and safety and food hygiene, the latter resulting in a five star rating. All employees receive a copy of the staff handbook. Mandatory training for staff and volunteers is provided regularly and is reinforced by a mandatory training workbook. The content of mandatory training is reviewed and updated by the Training Group. Staff appraisals take place annually to ensure individual training needs are identified and met. FINANCIAL REVIEW The total cost of running Eden Valley Hospice was borne by the Hospice, although there was some contribution from the local health economy. NHS Cumbria contributed £566,242 towards the running of the Adult Services, including pharmacy, bloods and pathology costs, and £104,039 towards the running costs of Eden House Children’s Hospice. There was an amount of £159,281 recognised in the year in respect of monies received direct from the Department of Health, via section 64 monies, towards the running costs of the Children’s Hospice, these funds are currently applied for on an annual basis. The contribution of the Hospice lottery, legacies and donations, and many large and small fundraising events enabled the Hospice to provide its services to the community. The Hospice’s shops continue to be a great success and contribute to the overall income, with profitability reviewed annually to ascertain sustainability. The move to Lonsdale Street from Botchergate has been a great success, with much improved profitability after the move. Basic budget expenditure was effectively controlled, and wages were maintained within budget in 2012. Cash reserves decreased slightly in 2012, after a small loss £114,036 was posted and after charging depreciation of £137,861. The small loss relates to lower legacy receipts compared to 2012, down some £570,650 on the previous year, similar amounts are expected in 2013.

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EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE TRUSTEES' ANNUAL REPORT (continued) YEAR ENDED 31 DECEMBER 2012 With the appointment of a new Head of Marketing and Fundraising in 2012, it is imperative that income generation is further enhanced in 2013 to meet the budgeted running costs of the Hospice. With the generosity of the people of Cumbria, the numerous businesses, professional and voluntary organisations which support and assist us, in addition to the support of the local media, this challenge can be met. There are regular discussions with the Cumbria PCT health commissioners regarding the level of their contribution to Hospice costs, and a rolling three-year service level agreement, ensures that the Hospice receives a continued proportion of statutory NHS funding. GP Commissioning is developing and the new funding mechanism is being explored. Reserves Policy The Trustees have reviewed the reserves of the charity. The review encompassed the nature of the income and expenditure streams, the need to match variable income with fixed commitments and the nature of the reserves. The review concluded that, to allow the charity to be managed efficiently and to provide a buffer for uninterrupted services, cash reserves equivalent to twelve months running costs should be maintained (This is not being achieved at the present time). Investment Policy Eden Valley Hospice, at the present time, only invests funds in interest bearing accounts, with our current banks, these rates have improved slightly in 2012. The Role and Contribution of Volunteers The charity is fortunate in having in excess of 400 volunteers working for the Hospice, who willingly give their time, to provide valuable service in the Hospice, as well as in our shops and at various fundraising venues throughout Cumbria. Using National Minimum Wage rates these volunteers save Eden Valley Hospice in excess of ÂŁ350k in any one year, with the hours that they provide. Their continued support has lead to both local and national recognition. Employee Involvement Working groups are held on a regular basis, to ensure that all staff are kept informed of and contribute to developments as necessary. The Management Team continues to develop and assists with the overall running of the Hospice and to discuss all topical issues. PLANS FOR FUTURE PERIODS The last five years have seen the expansion of services within the Hospice and the development of the premises, along with improved staff and volunteer development and good budgetary control. Further developments with regards to Accessibility are envisaged in 2013. An application to the Department Of Health for Section 64 grant monies has been made to fund this work; the work will not go ahead without this funding, news is expected in March 2013, with all building work to be completed by March 2014. 2013 will also see the launch of Deciding Right supported by a facilitator form the Hospice; this work is financially supported by Cumbria Primary Care Trust. In addition there will be extra training to support the improvement of end of life care for people with dementia and to extend the Six Steps Programme to Improve End of Life Care to domiciliary agencies. Partnership working with other agencies, both statutory and voluntary, remains a major focus in achieving objectives. Creating links with the emerging Cumbria Clinical Commissioning Group will be a priority; alongside this further joint initiatives with the other Cumbria hospices will be developed.

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EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE TRUSTEES' ANNUAL REPORT (continued) YEAR ENDED 31 DECEMBER 2012 RESULTS The results for the year and the charity's financial position at the end of the year are shown in the attached financial statements. THE TRUSTEES The trustees who served the charity during the period were as follows: Mr. B. T. Allen Mrs. E. C. Crouch resigned 17 July 2012 Mrs. F. C. Fell Mr. J. H. Elliott Mrs. C. R. Ferguson Mrs. L. Garbarino Mr. S. Johnson Mrs. A. M. Leung (Vice-Chair) Ms. J. E. Naylor Mr. R. W. Peckford Mr. W. J. Priddle Mr. J. S. Remmer (Chairman) Mr. C. Birtle was appointed on 18 March 2013. Mr. J. D. Peatfield was appointed on 18 March 2013. Mr. A. J. Setters was appointed on 18 March 2013. The directors of the company are the Council of Management. All members of the company are eligible for membership of the Council. The Council may at any time elect a new member of the Council. INDEMNITY INSURANCE The charity has purchased indemnity insurance at a cost of £349.80 (2011 - £525) during the year on behalf of the Trustees of the charity. The insurers have indemnified the Trustees in respect of any loss arising from any claim which may be made arising from any breach of duty, negligent act/omission, and breach of warranty/authority or libel/slander/defamation committed in good faith in connection with the conduct of the business carried out by the charity. RESPONSIBILITIES OF THE TRUSTEES The trustees (who are also the directors of Eden Valley Hospice, Carlisle for the purposes of company law) are responsible for preparing the Trustees' 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 trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company 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. -8-

EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE TRUSTEES' ANNUAL REPORT (continued) YEAR ENDED 31 DECEMBER 2012 The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: ď&#x201A;§

there is no relevant audit information of which the charitable company's auditor is unaware; and

ď&#x201A;§

the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

AUDITOR A resolution to re-appoint Armstrong Watson as auditor for the ensuing year will be proposed at the annual general meeting in accordance with section 487(2) of the Companies Act 2006. SMALL COMPANY PROVISIONS This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

Registered office: Durdar Road Carlisle Cumbria CA2 4SD

Signed by order of the trustees

MR P COOKSON Company Secretary Approved by the trustees on ........................

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EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EDEN VALLEY HOSPICE, CARLISLE YEAR ENDED 31 DECEMBER 2012 We have audited the financial statements of Eden Valley Hospice, Carlisle for the year ended 31 December 2012 which comprise the Group Charitable Company Statement of Financial Activities, the Group Charitable Company Income and Expenditure Account, the Group and Parent Charitable Company Balance Sheets, the Group Charitable Company 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 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 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 company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. RESPECTIVE RESPONSIBILITIES OF THE BOARD OF TRUSTEES AND AUDITORS As explained more fully in the Trustees’ Responsibilities Statement set out in the Trustees’ Annual Report, 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. We have been appointed auditor under the Companies Act 2006 and section 151of the Charities Act 2011 and report in accordance with those Acts. 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 Practices Board’s Ethical Standards for Auditors. SCOPE OF THE AUDIT OF THE FINANCIAL STATEMENTS A description of the scope of an audit of financial statements is provided on the APB’s website at www.frc.org.uk/apb/scope/private.cfm. OPINION ON FINANCIAL STATEMENTS In our opinion the financial statements: 

give a true and fair view of the state of the group’s and the parent charitable company’s affairs as at 31 December 2012 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 properly prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011.

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

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EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EDEN VALLEY HOSPICE, CARLISLE (continued) YEAR ENDED 31 DECEMBER 2012 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 and the Charities Act 2011 requires us to report to you if, in our opinion: 

the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us; or



the parent charitable company 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.

CARLISLE

JEAN CARROLL (Senior Statutory Auditor) For and on behalf of ARMSTRONG WATSON Chartered Accountants & Statutory Auditors

........................

Armstrong Watson is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

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EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2012 Unrestricted Funds Note

INCOMING RESOURCES Incoming resources from generating funds: Voluntary income Donations Legacies Activities for generating funds Interest receivable Trading activities Incoming resources from charitable activities: Grants receivable

737,946 549,979

4 5

17,515 710,066

TOTAL INCOMING RESOURCES RESOURCES EXPENDED Costs of generating funds: Trading activities Fundraising trading: cost of goods sold and other costs Charitable activities In-patients Day Services Children’s Hospice Governance costs

Total Funds 2011 £

135,210 – – –

566,242

294,483

---------------------------------------------

--------------------------------------------

2,581,748

429,693

----------------------------------------------

--------------------------------------------

–

873,156 549,979

1,055,919 1,120,629

17,515 710,066

6,598 665,918

860,725 ----------------------------------------------

3,011,441

979,289 ----------------------------------------------

3,828,353

----------------------------------------------

326,715

324,784

326,715

159,184

–

159,184

176,273

8 8 8 9

1,514,215 165,437 464,848 6,466

150,178 16,655 321,287 –

1,664,393 182,092 786,135 6,466

1,573,853 209,670 790,759 8,470

----------------------------------------------

------------------------------------

----------------------------------------------

2,636,865

488,120

3,124,985

3,083,809

----------------------------------------------

------------------------------------

----------------------------------------------

TOTAL RESOURCES EXPENDED NET INCOMING RESOURCES FOR THE YEAR 10 RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD

Total Funds 2012

2 3

Restricted Funds

(55,117)

(58,427)

(113,544)

744,544

2,733,608

2,127,388

4,860,996

4,116,452

----------------------------------------------

2,678,491

2,068,961

4,747,452

4,860,996

==============================================

The Statement of Financial Activities includes all gains and losses in the year and therefore a Statement of Total Recognised Gains and Losses has not been prepared. All of the above amounts relate to continuing activities.

The notes on pages 17 to 26 form part of these financial statements.

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EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE SUMMARY CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 DECEMBER 2012 2011

2012 Note

INCOME TOTAL EXPENDITURE OPERATING DEFECIT/SURPLUS 10 OTHER INCOME Interest receivable and similar income

RETAINED DEFECIT/ SURPLUS FOR THE FINANCIAL YEAR

2,993,926 (3,124,985)

3,821,755 (3,083,765)

----------------------------------------------

(131,059)

DEFECIT/SURPLUS ON ORDINARY ACTIVITIES BEFORE TAXATION TAXATION

737,990

17,515

6,598

------------------------------------

(113,544)

744,588

(44)

------------------------------------

(113,544)

744,544

====================================

The Income and Expenditure Account includes all gains and losses in the year and therefore a Statement of Total Recognised Gains and Losses has not been prepared. All of the above amounts relate to continuing activities.

The notes on pages 17 to 26 form part of these financial statements.

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EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE Company Registration Number 2677824

CONSOLIDATED BALANCE SHEET 31 DECEMBER 2012 2011

2012 Note

FIXED ASSETS Tangible assets

CURRENT ASSETS Stocks Debtors Cash at bank and in hand CREDITORS: Amounts falling due within one year

15 16 17

3,322,365

3,361,687 ----------------------------------------------

3,322,365

3,361,687

7,761 122,808 1,769,481

12,297 46,272 1,693,270

----------------------------------------------

1,900,050

1,751,839 (252,530)

(474,963)

NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS

19 19 20

TOTAL FUNDS

----------------------------------------------

FUNDS Restricted funds: Income funds Capital funds Unrestricted funds

----------------------------------------------

1,425,087

1,499,309

----------------------------------------------

4,747,452

4,860,996

----------------------------------------------

4,747,452

4,860,996

==============================================

12,426 2,056,535 2,678,491

12,426 2,114,962 2,733,608

----------------------------------------------

4,747,452

4,860,996

==============================================

These financial statements were approved by the members of the committee on the ........................ and are signed on their behalf by:

....................................... MRS C R FERGUSON

The notes on pages 17 to 26 form part of these financial statements.

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EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE Company Registration Number 2677824

COMPANY BALANCE SHEET 31 DECEMBER 2012 2011

2012 Note

FIXED ASSETS Tangible assets Investments

13 14

CURRENT ASSETS Stocks Debtors Cash at bank and in hand CREDITORS: Amounts falling due within one year

15 16 17

3,352,335 2

----------------------------------------------

3,309,377

3,352,337

946 119,905 1,720,680

11,244 65,771 1,607,076

----------------------------------------------

1,841,531

1,684,091 (175,434)

(403,950)

NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS

19 19 20

TOTAL FUNDS

3,309,375 2

----------------------------------------------

FUNDS Restricted funds: Income funds Capital funds Unrestricted income funds

----------------------------------------------

1,437,581

1,508,657

----------------------------------------------

4,746,958

4,860,994

----------------------------------------------

4,746,958

4,860,994

==============================================

12,426 2,056,535 2,677,997

12,426 2,114,962 2,733,606

----------------------------------------------

4,746,958

4,860,994

==============================================

These financial statements were approved by the members of the committee on the ........................ and are signed on their behalf by:

....................................... MRS C R FERGUSON

The notes on pages 17 to 26 form part of these financial statements.

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EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE CONSOLIDATED CASH FLOW STATEMENT 31 DECEMBER 2012 2011

2012 Note

RECONCILIATION OF NET INCOMING RESOURCES BEFORE TRANSFERS TO NET CASH INFLOW FROM OPERATING ACTIVITIES Net incoming resources before transfers (113,544) Loss on disposal of fixed assets 2,488 Interest receivable (17,515) Taxation charge Depreciation 140,186 Decrease/(Increase) in stocks 4,536 Decrease/(Increase) in debtors (76,536) Increase/(Decrease) in creditors 222,433 Net cash inflow from operating activities RETURNS ON INVESTMENTS AND SERVICING OF FINANCE Interest received

CAPITAL EXPENDITURE Payments to acquire tangible fixed assets Receipts from sale of fixed assets

744,544 (6,598) 44 140,219 1,601 187,347 72,811

─────────────

162,048

1,139,968

17,515

6,598

───────

Net cash inflow from returns on investments and servicing of finance

6,598

17,515 (233,519) 5,277

(103,352) ──────────

Net cash outflow from capital expenditure

──────────

(228,242)

(103,352) ─────────────

INCREASE IN CASH

──────────

76,211

918,324

═════════════

══════════

RECONCILIATION OF NET CASH FLOW MOVEMENT TO MOVEMENT IN NET FUNDS 2012 Increase in cash in the period Change in net funds Net funds at 1st January 2012 Net funds at 31st December 2012

2011

76,211

918,324

──────────

76,211 1,693,270

918,324 774,946

─────────────

1,769,481

1,693,270

═════════════

══════════

ANALYSIS OF CHANGES IN NET FUNDS 1 Jan 12 £

Cash in hand and at bank

Cash flows £

1,693,270

76,211

1,769,481

═════════════

══════════

═════════════

The notes on pages 17 to 26 form part of these financial statements.

- 16 -

31 Dec 12

EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2012 1.

ACCOUNTING POLICIES Basis of accounting The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, the Statement of Recommended Practice "Accounting and Reporting by Charities" issued in March 2005 (SORP 2005) and the Companies Act 2006. The charity has availed itself of paragraph 3 (3) of schedule 4 of the Companies Act and adapted the Companies Act formats to reflect the special nature of the charityâ&#x20AC;&#x2122;s activities. Consolidation The consolidated financial statements comprise those of Eden Valley Hospice, Carlisle and its subsidiary company for the year ended 31st December 2012. No income and expenditure account is presented for Eden Valley Hospice, Carlisle as provided by section 408 of the Companies Act 2006. Funds The unrestricted fund consists of funds that the charity may use for its purposes at its discretion. The restricted fund represents funds that are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Fixed assets All fixed assets are initially recorded at cost. Depreciation Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Hospice building Fixtures and equipment Motor vehicles Leasehold improvements

40 years straight line 15% reducing balance 25% reducing balance 10% straight line

No value is included for the freehold land which was originally donated to the appeal. Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Operating lease agreements Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against income on a straight line basis over the period of the lease.

- 17 -

EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2012 1.

ACCOUNTING POLICIES (continued) Income All incoming resources in the form of cash have been included in income. Donations, grants and income from investments are credited to the income and expenditure account on a receipts basis, gross of income tax where applicable. Donated assets are included at a valuation by the directors. Legacies are included in the Statement of Financial Activities where the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Expenditure Charitable expenditure comprises costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be directly allocated to such activities and costs of an indirect nature necessary to support them. Expenditure has been charged to the income and expenditure account on an accruals basis. Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes. Governance costs are those incurred in connection with meeting the constitutional and statutory requirements of the charity and include audit fees. All costs have been allocated between expenditure categories in proportion to the usage that the trustees deem appropriate for that particular charitable activity. Financial instruments Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Deferred taxation Deferred tax is provided in respect of the tax effect of all timing differences at the rates of tax expected to apply when the timing differences reverse.

DONATIONS Unrestricted Funds Donations and sponsored events Give as you earn

Restricted Total Funds Total Funds 2011 Funds 2012

733,434 4,512

135,210 –

868,644 4,512

1,050,280 5,639

------------------------------------

737,946

135,210

873,156

1,055,919

====================================

==============================================

- 18 -

EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2012

LEGACIES Unrestricted Funds £

Legacies 4.

Restricted Total Funds Total Funds 2011 Funds 2012 £

549,979

–

549,979

1,120,629

==================================================

==========================

==================================================

==========================================

INVESTMENT INCOME Unrestricted Total Funds Total Funds 2011 Funds 2012 Bank interest receivable

6,598

==========================

267,842 442,224

198,248 467,670

------------------------------------

710,066

665,918

====================================

GRANTS RECEIVABLE Unrestricted Funds NHS Grants receivable Department of Health (sect 64) Section 64 Grant - Children Section 64 Grant - New build Cumbria and Lancashire End of Life Network – “Six Steps”

17,515

INCOMING RESOURCES FROM ACTIVITIES FOR GENERATING FUNDS Unrestricted Total Funds Total Funds 2011 Funds 2012 Trading activities - Shop Sales Trading activities - Lottery Tickets

17,515

Restricted Total Funds Total Funds 2011 Funds 2012

566,242

104,039

670,281

663,513

– –

159,281 –

212,375 93,401

–

31,163

10,000

------------------------------------

----------------------------------------------

566,242

294,483

860,725

979,289

====================================

======================================

==============================================

COSTS OF GENERATING FUNDS

Shop Lottery Fundraising trading Wages and salaries Fundraising costs

Total Funds Total Funds 2011 2012 £ £ 109,267 127,784 215,517 198,931

Unrestricted Funds £ 127,784 198,931

Restricted Funds £ – –

──────────

─────────

326,715

–

326,715

324,784

102,964 56,220

– –

102,964 56,220

96,680 79,593

──────────

159,184

–

──────────

485,899

–

485,899

501,057

═════════

══════════

═════════

- 19 -

159,184 ──────────

─────────

176,273 ─────────

EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2012 8.

CHARITABLE ACTIVITIES

In-patients £ Costs directly allocated to activities: Clinical salary costs Medical & family support salaries 204,794 Nursing salaries 582,909 Bank nurse salaries 51,344 National insurance contributions 46,595 NHS & CCC pension costs 28,883 Private pension costs 4,521 Private pension insurance 427 Direct clinical costs Medical supplies 86,893 Uniforms 1,197 Training 10,395

Day Services £

Children’s Hospice £

2012 Total £

2011 Total £

23,610 74,549 5,229 8,526 -

36,204 355,548 15,205 27,052 12,963 4,138 393

264,608 1,013,006 66,549 78,876 50,372 8,659 820

301,409 1,021,919 45,611 81,243 52,277 6,872 713

1,897 110 735

8,190 544 4,140

96,980 1,851 15,270

68,346 1,952 18,324

--------------------------------------------

-------------------------------------

---------------------------------------

-----------------------------------------------

1,017,958

114,656

464,377

1,596,991

1,598,666

Support costs allocated to activities: Admin & support salaries 208,493 Advertising costs 2,731 Bank charges 1,992 Catering salaries 50,496 Catering supplies & cleaning 35,327 General cleaning supplies 9,416 Housekeeping salaries 51,100 Legal & professional 3,157 Loss on disposal of fixed assets 660 Postage 10,785 Property & equipment costs 109,112 Stationery & publications 6,431 Subscriptions 1,815 Sundry 7,125 Telephone 3,404 Travelling & subsistence 13,415 National insurance contributions 32,084 Statutory maternity pay 1,694 NHS pension costs 20,772 Private pension costs 5,935 Private pension insurance 634 Depreciation 69,857

22,802 256 218 5,523 3,925 981 5,589 345 73 1,071 10,334 545 143 781 333 1,294 3,509 471 2,272 649 69 6,253

98,461 1,841 941 23,847 16,823 4,237 24,132 1,491 314 4,968 52,803 2,396 616 3,504 1,440 6,626 15,152 (12,497) 9,810 2,803 299 61,751

------------------------------------------

----------------------------------

-----------------------------------------

--------------------------------------------

646,435

67,436

321,758

1,035,629

975,616

---------------------------------------------

------------------------------------

----------------------------------------

-----------------------------------------------

1,664,393

182,092

786,135

2,632,620

2,574,282

===========================================

==================================

=======================================

==============================================

Total directly allocated costs

- 20 -

329,756 4,828 3,151 79,866 56,075 14,634 80,821 4,993 1,047 16,824 172,249 9,372 2,574 11,410 5,177 21,335 50,745 (10,332) 32,854 9,387 1,002 137,861

289,781 6,013 3,276 73,895 45,217 14,188 81,832 1,500 3,272 9,685 171,438 8,965 2,505 10,565 4,162 21,961 63,263 (20,204) 36,996 9,152 956 137,198 ---------------------------------------------

EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2012 8.

CHARITABLE ACTIVITIES (continued) The aggregate payroll costs were:

Wages and salaries Social security costs Staff pension costs

2012 £ 2,019,059 123,724 103,336

2011 £ 1,969,280 149,462 106,966

----------------------------------------------

2,246,119

2,225,708

==============================================

The directors were not entitled to and did not receive any remuneration during the period. No medical employee earned more than £60,000 per annum (2011 – one). Particulars of employees: The average number of employees during the year was as follows: 2012

8 12 75 18

8 10 71 17

--------------------------

Number of production staff Administrative Nursing House services

2011

113

106

==========================

GOVERNANCE COSTS Unrestricted Total Funds Total Funds 2011 Funds 2012 £

Audit fees Trustee indemnity insurance Current taxation charge

6,116 – 350 –

6,116

7,901

350 –

525 44

--------------------------

6,466

8,470

==========================

10. OPERATING SURPLUS Operating surplus is stated after charging:

Staff pension contributions Depreciation Auditors' remuneration

2012

2011

103,336 140,186 6,116

106,966 140,219 7,900

====================================

11. EXCESS OF INCOME OVER EXPENDITURE OF PARENT COMPANY As permitted by section 408 of the Companies Act 2006, the income and expenditure account of the parent company is not presented as part of these financial statements. The parent company’s excess of expenditure over income for the period was £114,036 (2011; £745,716 - surplus).

- 21 -

EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2012 12. TAXATION In respect of the year: Taxation based on the results for the year at 21%

2012

2011

–

==========================

13. TANGIBLE FIXED ASSETS GROUP Hospice Furniture & Building Equipment £ £ COST At 1 January 2012 3,897,857 734,460 Additions 72,317 23,630 Disposals – (4,496) At 31 December 2012 DEPRECIATION At 1 January 2012 Charge for the year On disposals At 31 December 2012 NET BOOK VALUE At 31 December 2012 At 31 December 2011

==========================

Motor Leasehold Vehicles Improvements £ £ 65,486 – –

24,063 7,405 (18,754)

Total £ 4,721,866 103,352 (23,250)

─────────────

──────────

─────────

────────

────────────

3,970,174

753,594

65,486

12,714

4,801,968

═══════════

=════════

═══════

════════

══════════

780,434 97,095 –

522,503 34,975 (3,299)

38,091 6,754 –

19,151 1,362 (17,463)

1,360,179 140,186 (20,762)

──────────

─────────

──────────

877,529

554,179

44,845

3,050

1,479,603

═════════

══=══════

═=══════

════════

═=════════

3,092,645

199,415

20,641

9,664

═══════════

═════════

════════

═══════

3,322,365

3,117,423

211,957

27,395

4,912

3,361,687

═══════════

═════════

════════

═══════

═══════════

COMPANY Hospice Furniture & Building Equipment £ £ COST At 1 January 2012 Additions Disposals

At 31 December 2012

Motor Vehicles £

Total £

728,353 23,630 (3,720)

59,736 – –

4,685,946 95,947 (3,720)

----------------------------------------------

------------------------------------

-------------------------------

----------------------------------------------

3,970,174

748,263

59,736

4,778,173

==============================================

====================================

===============================

==============================================

518,034 34,712 (2,673)

35,142 6,054 –

1,333,610 137,861 (2,673) ----------------------------------------------

3,897,857 72,317 –

DEPRECIATION At 1st January 2012 Charge for the year On disposals

780,434 97,095 – ------------------------------------

------------------------------------

-------------------------------

At 31 December 2012

877,529

550,073

41,196

1,468,798

====================================

===============================

==============================================

NET BOOK VALUE At 31 December 2012 At 31 December 2011

3,092,645

198,190

18,540

3,309,375

==============================================

====================================

===============================

==============================================

3,117,423

210,319

24,593

3,352,335

==============================================

====================================

===============================

==============================================

- 22 -

EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2012 14. INVESTMENTS COMPANY UK Group Undertakings

2012

2011

==========================

The above investment is unlisted and represents 100% of the issued ordinary share capital of Eden Valley Hospice (Shop) Limited, a company registered in England. The company's principal activity is the running of a lottery and a number of shops selling donated goods. The aggregate capital and reserves of Eden Valley Hospice (Shop) Limited at 31 December 2012 were as follows:Capital and Reserves Profit for the year

£548 £545

The profit for the year is stated after £382,860 (2011 - £340,262) was covenanted to Eden Valley Hospice, Carlisle. 15. STOCKS

Stock

GROUP 2011 2012 £ £ 12,297 7,761 ══=══════

══=══════

COMPANY 2011 2012 £ £ 11,244 946 ════════

====================================

16. DEBTORS

Trade debtors Prepayments and accrued income

GROUP 2011 2012 £ £ 11,245 23,040 35,027 99,768 ─────────

─────────

122,808

46,272

══=══════

COMPANY 2011 2012 £ £ 39,494 26,465 26,277 93,440 ────────

------------------------------------

65,771

119,905

════════

====================================

17. CASH AT BANK AND IN HAND

Cash at bank and in hand

GROUP 2011 2012 £ £ 1,693,270 1,769,481 =====================================

=====================================

COMPANY 2011 2012 £ £ 1,607,076 1,720,680 =====================================

=====================================

18. CREDITORS: Amounts falling due within one year

Trade creditors PAYE and social security Corporation tax Other creditors Accruals and deferred income

GROUP 2011 2012 £ £ 2,713 – 41,725 44,249 44 – 34,005 44,957 174,043 385,757

COMPANY 2012 £ – 44,249 – 44,559 315,142

2011 £ – 41,725 – 34,005 99,704

------------------------------------

474,963

252,530

403,950

175,434

====================================

- 23 -

EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2012 19. RESTRICTED FUNDS – GROUP & COMPANY Movement in resources: Balance at 1 Jan 2012 £ Restricted Capital Funds Hospice Building – Children’s Wing Furniture & Equipment Ambulance Nurse Call System Day Care Extension & Improvements Reception Renovations Minibus Adult Inpatient Refurbishment Section 64 Claim – Front Entrance Extension Other Restricted Fund Projects Restricted Income Funds Palliative Care Training Donations in relation to Children’s Unit PCT Grant – Children’s Unit Department of Health Macmillan Social Worker Cumbria and Lancashire End of Life Network – “Six Steps” Other Restricted Funds

1,262,991 10,749 5,614 6,347 131,229 35,092 8,303 23,490 486,805 144,342

Balance at Outgoing 31 Dec 2012 £ £

– 5,999 – – – – – –

(37,365) (2,512) (1,403) (952) (3,621) (969) (2,076) (750)

1,225,626 14,236 4,211 5,395 127,608 34,123 6,227 22,740

1,864 –

(12,221) (4,421)

476,448 139,921

---------------------------------------------

---------------------------------------

------------------------------------

---------------------------------------------

2,114,962

7,863

66,290

2,056,535

12,426

1,440

(1,440)

12,426

– – – –

61,893 104,039 159,281 57,732

(61,893) (104,039) (159,281) (57,732)

– – – –

– -

31,163 6,282

(31,163) (6,282)

– –

------------------------------------

---------------------------------------------

12,426 Restricted Funds

Incoming £

--------------------------------------

421,830

12,426

---------------------------------------------

---------------------------------------

------------------------------------

---------------------------------------------

2,127,388

429,693

488,120

2,068,961

==============================================

======================================

====================================

==============================================

The Restricted Capital Funds represent funds which have been raised or donated for specific areas of the Hospice or specific machinery and equipment. The costs are included within fixed assets and the outgoing resources relate to the relevant depreciation charge. Palliative Care Training – these funds are held ex-North Cumbria PCTs for adult palliative care training. The PCT Grant – Children’s Unit – these funds were received specifically for the running costs of the Eden House Children’s Hospice. The Department of Health grant was received to help with general running costs within Eden House Children’s Hospice. The Macmillan social worker was monies received from Macmillan Cancer Support towards a specialist social worker in collaboration with Adult Social Care and Macmillan Cancer Support. A grant was received from the Cumbria and Lancashire End Of Life Network to establish an End of Life Facilitator role, based at Eden Valley Hospice, with the remit of rolling out the ‘Six Steps to Success Programme’ to improve end of life in Care Homes across North Cumbria.

- 24 -

EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2012 19. RESTRICTED FUNDS – GROUP & COMPANY (continued) Other restricted funds include various small donations received whereby the donor has specified that the donation be used for a specific purpose. 20. UNRESTRICTED FUNDS GROUP Balance at 1 Jan 2012

Incoming resources

General Funds

Outgoing resources

Balance at 31 Dec 2012

2,733,608

2,581,748

(2,636,865)

2,678,491

==============================================

Balance at 1 Jan 2012

Incoming resources

Outgoing resources

Balance at 31 Dec 2012

COMPANY

General Funds

2,733,606

2,254,542

(2,310,151)

2,677,997

==============================================

21. ANALYSIS OF NET ASSETS BETWEEN FUNDS GROUP

Restricted Capital Funds: Hospice Building- Children's Wing Furniture & Equipment Ambulance Nurse Call System Day Care Extension & Improvements Reception Refurbishment Minibus Adult Inpatient Refurbishment S64 Claim - Front Entrance Extension Other Restricted Fund Projects (Capital)

Tangible Net current fixed assets assets £ £

Total £

– – – – – – – – – –

1,225,626 14,236 4,211 5,395 127,608 34,123 6,227 22,740 476,448 139,921

Restricted Income Funds: Palliative Care Training

Unrestricted Income Funds Total Funds

–

12,426

----------------------------------------------

-------------------------------------------------

----------------------------------------------

2,056,535

12,426

2,068,961

----------------------------------------------

-------------------------------------------------

----------------------------------------------

1,265,830

1,412,661

2,678,491

----------------------------------------------

--------------------------------------------------

----------------------------------------------

3,322,365

1,425,087

4,747,452

==============================================

===================================================

==============================================

22. RELATED PARTY TRANSACTIONS No related party transactions were undertaken such are as required to be disclosed under Financial Reporting Standard 8.

- 25 -

EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2012 23. COMPANY LIMITED BY GUARANTEE Every member of the company undertakes to contribute to the assets of the company, in the event of the same being wound up while he is a member, or within one year after he ceases to be a member, for payment of the debts and liabilities of the company contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves, such amount as may be required not exceeding £1. 24. PENSIONS Pension contributions are charged to the Income and Expenditure account in the period to which they relate and during the period amounted to £103,096 (2011 £106,966). At the balance sheet date £11,558 (2011 £9,557) was included in Other Creditors in respect of outstanding pension contributions. 25. COMMITMENTS UNDER OPERATING LEASES At 31 December 2012 the charity had annual commitments under non-cancellable operating leases as set out below. Land and buildings

Operating leases which expire: Within 1 year Within 2 to 5 years After 5 years

- 26 -

2012

2011

2,814 11,675 29,490

2,520 9,068 29,490

-------------------------------

43,979

41,078

===============================

EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE MANAGEMENT INFORMATION YEAR ENDED 31 DECEMBER 2012

The following pages do not form part of the statutory financial statements which are the subject of the independent auditor's report on pages 13 to 14.

- 27 -

EDEN VALLEY HOSPICE, CARLISLE COMPANY LIMITED BY GUARANTEE DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2012

INCOME Legacies Donations and sponsored events Give as you earn Covenants NHS grants receivable Department of Health grant (sect 64) Bank interest receivable TOTAL INCOME RESOURCES EXPENDED Charitable activities: Wages and salaries Rates & water Light and heat Insurance Repairs and maintenance Waste disposal Cleaning and laundry Medical supplies Catering supplies Training costs Telephone Uniforms Stationery and publications Subscriptions Postage Travelling and subsistence Sundries Advertising costs Bank charges Legal and professional Depreciation of fixed assets Fundraising costs Loss on disposal

2012

2011

549,979 868,644 4,512 382,860 670,317 190,408 17,515

1,120,629 1,050,280 5,639 340,262 663,513 315,776 6,598

----------------------------------------------

2,684,235

3,502,697

=============================================

2,159,950 6,536 50,000 17,890 87,068 10,759 14,634 96,980 56,075 15,271 5,178 1,851 17,120 2,573 9,077 21,727 11,410 4,435 3,150 4,993 137,861 56,220 1,047 ----------------------------------------------

Governance costs Trustee indemnity insurance Audit fees

TOTAL EXPENDITURE NET SURPLUS/(DEFICIT)

----------------------------------------------

2,791,805

2,750,556

350 6,116

525 5,900

-----------------------------

-------------------------

6,466

6,425

----------------------------------------------

2,798,271

2,756,981

============================================== ------------------------------------------

============================================== ---------------------------------------

(114,036)

745,716

========================================

======================================

The above figures are in relation to Eden Valley Hospice, Carlisle only.

- 28 -

2,142,395 7,202 37,509 17,763 101,541 7,424 14,188 68,346 45,217 18,324 4,162 1,952 15,167 2,505 3,482 21,961 10,565 6,013 3,276 1,500 137,199 79,593 3,272