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