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REGISTERED COMPANY NUMBER: 02572949 (England and Wales)
REGISTERED CHARITY NUMBER: 1001614


















Report of the Trustees and

Unaudited Financial Statements for the Period 1 April 2022 to 31 May 2023

for

North Bedfordshire Hospice Care Limited

North Bedfordshire Hospice Care Limited






Contents of the Financial Statements
for the Period 1 April 2022 to 31 May 2023




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Cash Flow Statement 7

Notes to the Cash Flow Statement 8

Notes to the Financial Statements 9 to 17

North Bedfordshire Hospice Care Limited (Registered number: 02572949)

Report of the Trustees
for the Period 1 April 2022 to 31 May 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 April 2022 to 31 May 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
Our core business is caring for people with terminal illnesses who are vulnerable to the effects of intercurrent illness providing face to face care for patients and support for their carers. The hospice has continued to have good relationships with Bedford Hospital, primary care services and the local palliative care network

The CQC reached the opinion that the services we provide do not come under their remit and we therefore continued to collaborate with local partners, and in particular Keech Hospice Care. Our ambition was to develop and expand the range of services available to the community and reach more patients but without CQC registration and subsequent access to SystmOne (the electronic patient record system) we were unable to achieve our plans fully. We therefore explored further collaboration with Keech Hospice Care, who are CQC registered, and a decision was taken by both Boards of Trustees to explore a merger of the two charities.

A Joint Steering Committee was established to oversee the potential merger and, after a period of due diligence, integration planning and stakeholder communication we are pleased to confirm that on 1 June 2023 a transfer of the business, assets and liabilities was completed to Keech Hospice Care (company registration number:0290446, registered charity number 1035089, www.keech.org.uk). We are delighted that Keech Hospice Care shares our and vision and ambitions to develop and expand the range of services to our community and continue the excellent work of the charity. The merger was formally ratified on 21 August 2023 by the Charity Commission.

The accounts for the 14 months to May 2023 show that the charity has remained solvent with the charity ceasing to trade on 31 May 2023 and the assets and liabilities transferred to Keech Hospice Care.

We confirm that we have referred to the Charity Commission's general guidance on public benefit and give full regard to the public benefit when reviewing, planning and implementing our objectives and aims.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charitable company has an agreement with the local Clinical Commissioning Group, to deliver a range of palliative care services to patients suffering from a life limiting illness from the point of diagnosis through investigations and treatment to remission or palliative care. The main focus of our patient care has been to support patients with respite day care as well as weekly education sessions for those with a cancer diagnosis as well as providing a support group for cancer patients. These activities are provided by our qualified employees and supported by our most valuable volunteers.

FINANCIAL REVIEW
Financial position
The trustees are able to demonstrate a continuing improvement in the financial situation of the Hospice. The reasons for this are:
(a) The flats are fully let
(b) The retail activities of our five High St shops have increased their profitability.
(c) The ongoing support for the hospice from grant giving Trusts and the NHS.

Reserves policy
The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charitable company should be sufficient to enable the charitable company to continue its charitable activities for a period of 6 months. At the current level of reserves, the trustees are confident that such activities could be maintained.


North Bedfordshire Hospice Care Limited (Registered number: 02572949)

Report of the Trustees
for the Period 1 April 2022 to 31 May 2023

FUTURE PLANS
Providing funds for running the hospice and caring for our patients remains an ongoing challenge for the trustees. We are currently benefiting from the support of our flats and the income from retail operations. This is backed by the support from the CCG which has been extended to 2025. The trustees continue to explore suitable additional fund raising opportunities.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02572949 (England and Wales)

Registered Charity number
1001614

Registered office
Gladys Ibbett House
3 Linden Road
Bedford
MK40 2DD

Trustees
Mrs J C Greevy Retired Hr Executive
Mrs M Ibbett Charity Trustee
Dr T G Inskip General Medical Practitioner
Dr V K Nayar Medical Practioner
D C S Parsons Retired Hospital Medical Direc
P V Quarmby Retired
Mrs L Quarmby Retired Solicitor
Mrs D M Smith Management Consultant

Company Secretary
I C Codrington

Independent Examiner
Richard Dilley FCA FCCA
George Hay Partnership LLP
Chartered Accountants
Unit 1B
Focus 4
Fourth Avenue
Letchworth
Hertfordshire
SG6 2TU

EVENTS SINCE THE END OF THE PERIOD
Information relating to events since the end of the period is given in the notes to the financial statements.

Approved by order of the board of trustees on 15 January 2024 and signed on its behalf by:





D C S Parsons - Trustee

Independent Examiner's Report to the Trustees of
North Bedfordshire Hospice Care Limited

Independent examiner's report to the trustees of North Bedfordshire Hospice Care Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the period 1 April 2022 to 31 May 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Richard Dilley FCA FCCA

George Hay Partnership LLP
Chartered Accountants
Unit 1B
Focus 4
Fourth Avenue
Letchworth
Hertfordshire
SG6 2TU

6 February 2024

North Bedfordshire Hospice Care Limited

Statement of Financial Activities
for the Period 1 April 2022 to 31 May 2023

Period Period
1.4.22 1.7.21
to to
31.5.23 31.3.22
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 223,173 206,600

Other trading activities 3 690,893 388,767
Investment income 4 8,164 1,158
Other income 81 431
Total 922,311 596,956

EXPENDITURE ON
Raising funds 5 412,508 271,862

Charitable activities 6
Support Costs 391,719 236,053
Cost of generating voluntary income



-


-
Total 804,227 507,915

Net gains/(losses) on investments - (2,739 )

NET INCOME 118,084 86,302


RECONCILIATION OF FUNDS
Total funds brought forward 1,001,235 914,933

TOTAL FUNDS CARRIED FORWARD 1,119,319 1,001,235

North Bedfordshire Hospice Care Limited (Registered number: 02572949)

Balance Sheet
31 May 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 12 613,613 627,379
Investments 13 49,606 49,606
663,219 676,985

CURRENT ASSETS
Debtors 14 36,693 53,449
Cash at bank and in hand 424,588 287,661
461,281 341,110

CREDITORS
Amounts falling due within one year 15 (5,181 ) (16,860 )

NET CURRENT ASSETS 456,100 324,250

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,119,319

1,001,235

NET ASSETS 1,119,319 1,001,235
FUNDS 17
Unrestricted funds 1,119,319 1,001,235
TOTAL FUNDS 1,119,319 1,001,235

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2023.


The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


North Bedfordshire Hospice Care Limited (Registered number: 02572949)

Balance Sheet - continued
31 May 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 15 January 2024 and were signed on its behalf by:





D C S Parsons - Trustee

North Bedfordshire Hospice Care Limited

Cash Flow Statement
for the Period 1 April 2022 to 31 May 2023

Period Period
1.4.22 1.7.21
to to
31.5.23 31.3.22
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 136,798 134,504
Net cash provided by operating activities 136,798 134,504

Cash flows from investing activities
Purchase of tangible fixed assets - (22,500 )
Sale of tangible fixed assets - 1,500
Sale of fixed asset investments - (2,739 )
Interest received 129 383
Net cash provided by/(used in) investing activities 129 (23,356 )

Change in cash and cash equivalents
in the reporting period

136,927

111,148
Cash and cash equivalents at the
beginning of the reporting period

287,661

176,513
Cash and cash equivalents at the end
of the reporting period

424,588

287,661

North Bedfordshire Hospice Care Limited

Notes to the Cash Flow Statement
for the Period 1 April 2022 to 31 May 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
Period Period
1.4.22 1.7.21
to to
31.5.23 31.3.22
£    £   
Net income for the reporting period (as per the Statement of
Financial Activities)

118,084

86,302
Adjustments for:
Depreciation charges 13,766 21,260
Losses on investments - 2,739
Loss on disposal of fixed assets - 1,364
Interest received (129 ) (383 )
Fair value adjustment - 2,739
Decrease in debtors 16,756 15,660
(Decrease)/increase in creditors (11,679 ) 4,823
Net cash provided by operations 136,798 134,504


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.22 Cash flow At 31.5.23
£    £    £   
Net cash
Cash at bank and in hand 287,661 136,927 424,588
287,661 136,927 424,588
Total 287,661 136,927 424,588

North Bedfordshire Hospice Care Limited

Notes to the Financial Statements
for the Period 1 April 2022 to 31 May 2023

1. ACCOUNTING POLICIES

General information and basis of preparation
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value, on the basis that whilst the Charity ceased to trade on 31 May 2023 the assets and liabilities were transferred to Keech Hospice Care to continue its operation beyond this date.

The company is limited by guarantee in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information page on page 1 of these financial statements.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

These financial statements are prepared for a 14 month period, following a change of year end to align with the cessation of trade as described in Note 19, therefore the figures are not entirely comparable.

Critical accounting judgements and key sources of estimation uncertainty
The freehold property owned by the company have been included in the accounts at their Market Value as at 31 May 2023. The valuation had been undertaken by professional valuers Robinson & Hall LLP in the previous year and the Trustees have deemed there to be no change in the current period.

Income
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received and the amount can be measured reliably.

Income for the provision of care services, principally from clinical commissioning groups and local
authorities, is recorded on a receivable basis in respect of the services provided.

Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. Grant income is recognised in income within legacies and donations.

Gifts donated for resale are included as income when they are sold. No amounts are included in the financial
statements for services donated by volunteers.

Gift Aid income claimed under the UK retail Gift Aid scheme is estimated and accrued at the point of sale.

Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity's right to receive payment is established.


North Bedfordshire Hospice Care Limited

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 31 May 2023

1. ACCOUNTING POLICIES - continued

Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

- Costs of raising funds includes fundraising, all costs relating to running the shops and the costs of managing the rental properties.
- Expenditure on charitable activities includes the costs of care provided
- Other expenditure represents those items not falling into the categories above.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold property - 2% on valuation
Fixtures and fittings - 20% on cost

Taxation
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

2. DONATIONS AND LEGACIES
Period Period
1.4.22 1.7.21
to to
31.5.23 31.3.22
£    £   
Donations and Gifts 153,521 48,161
Grants 69,652 158,439
223,173 206,600

North Bedfordshire Hospice Care Limited

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 31 May 2023

2. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

Period Period
1.4.22 1.7.21
to to
31.5.23 31.3.22
£    £   
Other Grants - 97,166
Government Grants 2,355 12,879
Clinical Grants 67,297 48,394
69,652 158,439

Government grants represent amounts due under the Pandemic Support Grants of £2,355, which were to support the additional costs over the course of the pandemic.

3. OTHER TRADING ACTIVITIES
Period Period
1.4.22 1.7.21
to to
31.5.23 31.3.22
£    £   
Fundraising events 15,689 8,739
Shop income from selling donated and brought in goods 622,027 350,013
Rents received 53,177 30,015
690,893 388,767

4. INVESTMENT INCOME
Period Period
1.4.22 1.7.21
to to
31.5.23 31.3.22
£    £   
Investment income 8,035 775
Deposit account interest 129 383
8,164 1,158


North Bedfordshire Hospice Care Limited

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 31 May 2023

5. RAISING FUNDS

Raising donations and legacies
Period Period
1.4.22 1.7.21
to to
31.5.23 31.3.22
£    £   
Fundraising & publicity costs 12,123 4,143
Biggleswade Shop 99,113 52,955
Kempston Shop 118,143 76,966
London Road Shop 85,901 66,522
Castle Road Shop 60,485 46,069
Flat Management Costs 5,257 4,587
Retail management costs 31,486 20,620
412,508 271,862

6. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 7) Totals
£    £    £   
Support Costs 170,636 221,083 391,719

7. SUPPORT COSTS
Information
Management Finance technology
£    £    £   
Support Costs 78,526 8,794 14,641
Governance
Other costs Totals
£    £    £   
Support Costs 88,653 30,469 221,083

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Period Period
1.4.22 1.7.21
to to
31.5.23 31.3.22
£    £   
Depreciation - owned assets 13,766 21,260
Deficit on disposal of fixed assets - 1,364


North Bedfordshire Hospice Care Limited

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 31 May 2023

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 31 May 2023 nor for the period ended 31 March 2022.


Trustees' expenses

There were no trustees' expenses paid for the period ended 31 May 2023 nor for the period ended 31 March 2022.


10. STAFF COSTS
Period Period
1.4.22 1.7.21
to to
31.5.23 31.3.22
£    £   
Wages and salaries 210,977 136,475
210,977 136,475

The average monthly number of employees during the period was as follows:

Period Period
1.4.22 1.7.21
to to
31.5.23 31.3.22
Administration and Management 4 5
Nursing 9 7
Retails and Retail Management 15 14
28 26

No employees received emoluments in excess of £60,000.

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 206,600

Other trading activities 388,767
Investment income 1,158
Other income 431
Total 596,956

EXPENDITURE ON
Raising funds 271,862

Charitable activities
Support Costs 236,053
Cost of generating voluntary income



-

North Bedfordshire Hospice Care Limited

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 31 May 2023

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   
Total 507,915

Net gains/(losses) on investments (2,739 )

NET INCOME 86,302


RECONCILIATION OF FUNDS
Total funds brought forward 914,933

TOTAL FUNDS CARRIED FORWARD 1,001,235

12. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2022 and 31 May 2023 600,000 119,858 22,500 742,358
DEPRECIATION
At 1 April 2022 - 111,698 3,281 114,979
Charge for year - 8,160 5,606 13,766
At 31 May 2023 - 119,858 8,887 128,745
NET BOOK VALUE
At 31 May 2023 600,000 - 13,613 613,613
At 31 March 2022 600,000 8,160 19,219 627,379

Cost or valuation at 31 May 2023 is represented by:

Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
Valuation in 2000 60,413 - - 60,413
Valuation in 2021 (383,881 ) - - (383,881 )
Cost 923,468 119,858 22,500 1,065,826
600,000 119,858 22,500 742,358

The valuation of the freehold property was carried out at an open market basis during the pervious year by Robinson & Hall, Chartered Surveyors. Having considered the valuation and the market conditions since, the trustees have concluded that the carrying value at the balance sheet date is consistent with the fair value stated above.

North Bedfordshire Hospice Care Limited

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 31 May 2023

13. FIXED ASSET INVESTMENTS
Listed
investments
£   
MARKET VALUE
At 1 April 2022 and 31 May 2023 49,606
NET BOOK VALUE
At 31 May 2023 49,606
At 31 March 2022 49,606

There were no investment assets outside the UK.

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 24,216 19,273
VAT 3,083 4,772
Prepayments 9,394 29,404
36,693 53,449

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,731 8,187
Other creditors - 354
Accruals and deferred income 1,450 8,319
5,181 16,860

16. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2023 2022
£    £   
Within one year 67,000 82,583
Between one and five years 226,917 246,750
In more than five years 35,386 93,500
329,303 422,833


North Bedfordshire Hospice Care Limited

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 31 May 2023

17. MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 in funds 31.5.23
£    £    £   
Unrestricted funds
General fund 1,001,235 118,084 1,119,319

TOTAL FUNDS 1,001,235 118,084 1,119,319

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 922,311 (804,227 ) 118,084

TOTAL FUNDS 922,311 (804,227 ) 118,084


Comparatives for movement in funds

Net
movement At
At 1.7.21 in funds 31.3.22
£    £    £   
Unrestricted funds
General fund 914,933 86,302 1,001,235

TOTAL FUNDS 914,933 86,302 1,001,235

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 596,956 (507,915 ) (2,739 ) 86,302

TOTAL FUNDS 596,956 (507,915 ) (2,739 ) 86,302


North Bedfordshire Hospice Care Limited

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 31 May 2023

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 31 May 2023.

19. POST BALANCE SHEET EVENTS

The charity ceased to trade on the 31 May 2023 and a transfer of the business, assets and liabilities of North Bedfordshire Hospice Care Limited was completed to Keech Hospice Care (company registration number 0290446, registered charity number 1035089, www.keech.org.uk).