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2021-03-31-accounts

Report ofthe Trustees 1-16
Report ofthe Independent Auditors 17-19
Statement of Financial Activities 20
Balance Sheet 21
Statement ofCash Rows 22
Notes to Financial Statements 23-44

Dr Peter Beck CVO MA MD FRCP
Dr Mike Bloomfield
Mr Robert Hodgs
Mrs Morlydd
Meredith
HM Lord-Lieutenant		 ofSouth Glamorgan
The Most Reverend
Dr		 Barry Morgan
Mrs Julia Morgan AM
Mrs Margaret
Pritchard		 MBE
Rabbi Michosi Rose, Cardiff United Synagogue
Key management
personnel: trustees and directors (as at 31March 2021)
Chair. Mr Michael Baker
Vice Chair: MrJohn Lord
Company
Secretary:		 Mr Andrew Burns
Treasurer: Mr John Dwight
Trustees:
Dr Diana Evans
Mr Paul Evans (appointed
May 2021)
Mrs Amy Hill (appointed May 2021)
Mrs Emma James (appointed
May 2021)
Dr Clifford Jones (appointed
May 2021)
Dr Elinor Knapp
Mrs Ksthryn
Kncwles
Mrs Helen Miller
Mr Gerry Puttock
Mr Richard Thomas (appointed
May 2021)
Key management
personnel:
officers
Chief Executive: Miss Liz Andrews
Clinical Director &consultant in palliative medicine: Dr Margred Capel
Consultant Dr James Device
Head Nurse: Terri Gazi
General Manager: Franoss Burgess
Declarations

Full comparativg
Stat
statements		 ement of Financial Activles for the prior y ear is inc lu ded atthe back ofthe financial
N~ ILnnmalggttLEII855 ~R T~ Tohrls
~n~i~n Funds 2021 2020
Income 2 f
Donedons end srpedes 3.1 11.750 478.084 5S5,045
lnaaming
from chsrNsSs ecMiss
Operation ofHospioe care 3.3 1,622,204 111,373 1.733,577 747,'741
irrccrrrlng
Irnrrr carer lnrdrrg		 sctivarre
Other Trslerg Adivgiss 3.2 57,787 57,787 208,8$2
Grmm Shop Seas 63,772 63,772
inveslment
inoarrm		 43.ere
3.4 10,642 10.642
Total 2,2$5,205 123,123 2,380,418 1,917005
gxpendNure
on:
Reining hmde
Cash ofrunning
shops		 204,738 24,351 300,009 285,206
Fundralsng 8voluntary income 251,596 14,920 206.525 301,438
538.SS4 30.280 675,614 688,644
Chargshfe scgrdies
Hosphre care 1A31,742 88,249 1,010,991 1,502,586
Total 2,068,076 0 127520 2195605 208g 210
Net (loss)/gains
an investment		 8 153.887 153,887 (128,105)
Net (lossygslns
on sale of		 assets 0 0 2,202
Net expendhure 351,108 (4,406) 346,700 (298,017)
Transfers between funds 17 29266$ 309.068 17,305
Net movmnent
In furuls		 68,443 300,008 (21,711) 346,700 (208,017)
Recanc6lason affunds
Taint funds brought fanssrd (restated) 2,038,073 850,853 1,543,847 4,430.573 4,728,590
Tolal funds carried fonmrd 2.004518 1.180,821 1,521.038 4.777,27$ 4,430,573

Notes 2021 2020
Cash flows from operating activities
Cash operating
activities		 20.1 82,670 72,359
Cash flows from imrestlng activities
Interest reosived 43,423 46,368
Purchase oftangible fixed assets (3,399) (43,337)
Net cash from investing
activities		 3031
Increase in cash and cash equivalents in the (42,848) 75,390
year
Cash and cash equivalents atthe beginning 20.2 1,184,440 1,109,051
ofthe year
Total cash and cash equivalents at the end cf 20.2 1,141,794 1,184,441

residual values over their useful lives on the following bases: on the following bases:
Land No depreciation
Buildings 2%
straight		 line on original cost
10%straight line on components relating to
second floor conversion, hearing loops, solar
panels and boiler.
Olfice equipment 10%straight line
Medical and other equipment 20%straight line
Mini bus and van 25% reducing balance
Computer equipment 33%straight
line

~Unr sgr~ted Restricted Restricted T~l Total
~Fun Fiends f001 2~00
8 E E 2
3.1 Donations, legacies and other income
Donations
from foundation		 & 159,514 11,750 171,264 163,957
trusts
Donatlcns
from community		 groups & 246,032 246,032 166,1?7
individuals
Subscnptions 240 240 190
Legacies 61,448 61,448 204,721
467234 11 750 478984 535045
3.2 Fundraiaing
Gala dinner concert and other
fundraising events 57767 0 57,767 208,862
3.3 Grants and other Incoming resources from activities tofurther the Charity's objects
Unreatrtchlij ~Lrictsd Total Total
Funds Funds 2021 2020
BIGLottery 48,428 48,428 74,097
Children
in		 Need 9,675 9,675 16,304
Cardiff and Vale ULHB 788,243 788,243 619,277
End of Life Board 649,961 649,961 28,000
Other grants 184,000 53,270 237,270 10,063
1,622,204 111,373 1,733,577 747,741
Unrestricted ~R~ri t~e
Funds ~Fun Total Tolal
3.4 Interest received and 2021 ~2020
miscellaneous income f 8 8 8
Deposit interest and Dividend income 43,423 43,423 46,367
Surplus/(Deficit) on sale ofshares 253 253 (155)
Other 10642 10642 25804
54318 54318 72016

Stalf numbem 2021 ~20 0
The average number cfemployees analyssd by function was;
Hospice Care 26 26
Governance
&administration		 15 15
41 41

Investment assets
Fixed asset investments
2021 2020
Listed Investments 6 f
Carrying
(fair) Value 1.04.2020		 1,116,070 1,303,007
Additions
to investments
at cost		 353,741 322,242
Dispossls at carrying value (281,297) (381,074)
Net gain/(deficit)
on revaluation		 153,887 +1128.105
Carrying
(fair) Value 31.03.2021		 1,342,401 1,116,070
Cash in portfolio 21,440 103,658
Total investments I 8!8811 1,219,728
An analysis ofthe investment portfolio ls as follows;
UK equities,
UK bonds, properly		 &cash 68Y8 751II
Overseas equities
&overseas		 bonds 328/II 25ok

Stocks
Stock for sale
2021 2020
6 8
Trading activities:
Opening 1,272
Added
in		 period 3,058 8,345
Expensed
Impaired		 in period (2,362) 9617
Closing

Debtors and prepayments
Amounts
due wllhln one year		 2021f 2020
f
Trade debtors
Prepayrnenls 8accrued income		 240,168
207,452		 6,873
131,982
VAT refund due 5,323 9,434
452,943 146369
Creditors and accruais
Amounts
due within one year		 2021f 2020
Deferred income 20,860 73,795
Trade creditors 54,606 39,005
Ace/osis 65,214 37,698
Provisions 98375
239,055 150,498

Nlovement
In deferred Income account		 Nlovement
In deferred Income account		 2lg1 2020
Balance at start ofthe year 73,795 41,414
Amounts added during the year 67,970 73,795
Amounts released to income from the previous year 120,905 41,414
Balance atthe end ofthe year 20,860 73,795

Financial instruments
a		 instruments
a		 nd their me asurement
are es follows:
Financial Instrument Nleasurement
Cash Cash held f267
cash
Debtors, (including trade debtors) Settlement amount alter sny trade discounts (f240,168)
Creditors (induding trade Settlement
amount after any trade discounts (f54,606)
creditors
Bank
and short term
deposits		 inveshnsnt Cash amount ofdeposit(f1, 120,351 bank and short tenn
deposit plusf21~cash in Investment
portfolio)
Listed Investmsnts Initially measure attrsnsacbon price (cost) but then
measured et fair value based on listed value asstths year
end (f1,342,401).

Cash at bank and in hand
2021 2020
Short term cash Investments
(less than 3months maturity
date) 756,493 280,485
Short term deposits 284,856 789,739
Cash at bank and on hand 79,005 10,558
Total 1,120,354 1,080,782

17.1 Analysts ofnet assets between funds for the cunent report ing
period
Fixed assets Investments Net cunent assets Total
2 2 2
BESfttgfgd funds 1,512,116 9
0		 1521936
Unresbtded
funds;
~el i~
Tangible lixed assets 566,380 566,380
Capital Programme 111,525 111,525
Fulum Plans &Commitments 482,916 482,916
566,360 0 594,441 1,160,821
Genera~la
99		 1,363,841 730,675 2,094,516
Total 2,078,496 1,363,841 1,334,936 4,777,273
O'F.2 Analysts oinet assets between funds forthe previous repmsing pedori
Restated - sea note 1.5
Fixed assets
f		 investments Net cunent assets Total
5
Restricted funds 1529420 14,227 1543,647
Iirra srrfcted funds;
ftesigneted
Tangible flxed assets 602,852 802,852
Capital Programma 111,526 111,525
Future Plans & Commiimsnts 13S,475 135,475
Total designated
funds		 802,852 248,000 850,852
General purpose 1,219,725 8'l8,346 2,036,074
Total &f32,272 1,219,728 1,078,S73 4,430,673

Opening Income Expenses Transfers Closing
balance balance
Restated
6
Fixed Assets
Welsh Government 1,000,000 1,000,000
Big Lottery Fund 525,000 «5,000) s1o,ooo
End ofLife Board 11,193 (1,568) (2,305) 7,320
Revenue Expenditure
Waterloo
Foundation		 1,929 «,7SO («,888) 1,791
Children
in Need		 2,084 9,675 (11,759) (0)
The Big Lottery 618 48,428 (49,044) 0
The Craft Group 2,825 2,825
Job Retention Scheme 53270 53270 0
1 543647 123123 127529 17305 1521936
Analysis ofrestrtcted fumts forthe previous lepolflllg period
Restated - see note 1.5
Opening income Expenses Transfers Closing
balance balance
Resisted
L
Fixed Assets
Welsh Government 1,000,000 1,000,000
BigLottery Fund 540,000 (15,000) 525,000
End ofLife Beard 16,340 (2,842) (2,305) «,193
Mini Bus funding (from 35,857 0 (35,857) 0
Hedge ibund!Big Lottery
Revenue Expenditure
Watedoo Foundation 4,429 (2,500) 1,929
Children in Need 16,304 (14,220) 2,084
The BigLottery 64,097 (63,481) 616
The Craft Group 787 2250 212 2,825
1,561,556 «8,508 83,255 53,162 1,543,647

Charity funda (continued
Details cfrestricted funds		 Charity funda (continued
Details cfrestricted funds		 )
Restricted fund Pu
e
Welsh Government Funding
to purchase
land for the hospice centre In		 2005,
subject to dawback arrangement
over an 80year
period.
Big Lottery Fund Funding towards
building the hospice centre in 2005,
subject to clawback arrangements
over a20year period
and being written
down by the rate ofdepreciation		 (2%%uo)
over that
eriod.
The End cfLife Board Funding to ensure
improved
connection
and accessibilty
for hospices
with Canhc ITsystem and ils eventual
replacement.
t'2,115ofthe closing balance relates		 to
fixed assets, to be written off over the life ofthe assets.
Waterloo Foundation Grant fundin
towards carer services
Children in Need Grant funding to enable palliative sessions to be
undertaken.
The Big Lottery Grant funding to enable the charity to expand
its current
counsellln
service
The Craft Group Donation received for the benefit cfthe users ofthe
hospice
Job Retendon Scheme Government
funding
under COVID-19 furlough
arrangements.

Obligations
under leases
At 31 March 2021,the company had annual commitments under non~ncellable
operating
leases as set out below:
2021 2020
8 F
Land and Buildings
Operating leases which expire:
Between one and five years 3$8,7$4 74,409
More than 5years 29,281 310,875

20.1 Reconcgiatlon ofdeficit tocash flow from operating
activities		 Reconcgiatlon ofdeficit tocash flow from operating
activities		 Reconcgiatlon ofdeficit tocash flow from operating
activities		 Reconcgiatlon ofdeficit tocash flow from operating
activities
2021 2020
6 2
(Degcit) for ths year 348,700 (296,017)
Add back depreclagon charge 57,177 59,583
Deduct interest Income shown (43,423) (46,367)
in investing
activities
Decrease(increase) in listed investments (226,331) 186,937
Decrease(increase) in stock (696) 1272
Decrease(increase) in debtors (304,654) 119,374
Increase(decrease) in creditors 88557 49,677
Cash generated
from		 operations 82,870 72359

31.3.21 31.3.20
Year ended 31st INarch 2021 2
Cash and cash equivalents 1 141794 1 184,440
(indudes Investment
cash in portfolio)
31.3.20 1.4.19
Year ended 31st Nlarch 2020 2 2
Cash and cash equivalents 1,184,440 1,109051
(includes Investment
cash in porlfollo)

Notes )Igt9982tgadESggh Ig(t)tgfd) Ttgals
II5499)ggghtf) EggfLs 2020
2 6
3.1 28,10T 535,045
incoming
from charitable		 achviiies
Opera0cn ofHospice care 3.3 90,401 747,741
incoming Som other trading acgvfass
Other Trading Acgvities 3.2 208,682 208,662
Gross Shop Sales 353,542 353,542
invsstmeni
income		 3.4 46,212 45,212
Other income 3.4 25,804 25,S04
Total 118,508 1,917,006
Expenditure
on;
Raising fcmds
Costs ofrunning shops 282,431 2,775 285,206
Fundralslng
8 voluntary		 income 301,438 301,438
583,869 2,775
Chsritnbb
sc5vrlies
Hospice cere 4 1,303,147 116,164 83,255 1.502,566
Tenet 1,887,018 11 939 83,255 2,089,210
Net (loss)igalns
on		 Inveslment 8 (128,105) (128,105)
Nel (toss)rgalns
on		 sale of assets 2,292 2,292
Nel expenditure (214,331) (118,939) 35,253 (296,017)
Transfers between funda 17 199,534 148,372 53,162
Net movement
In funds		 (14,797) (260,311) (17,909) (298,017)
Reconc9iatlon offunds
Total funds brought forward (restated) 2,050,S70 1,116,164 1,561.556 4,728490
Total funds carried forward 2036.073 850.653 1,543,647 4430,573