2023-03-31-accounts - The City Hospice Trust Limited

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Key Risks					Control	measures
Flnancfal investments					Annual	review of	investment		perlbrmance				and
Our investment strategy recognises		that	we need	to	approval	of an investment		strategy			and	in-year
invest some ofour funds to achieve		a higher rate		of	monitoring of investment			performance				by	the
return.					Finance	Committee.
Retail operations					In year	performance	monitoring			by	the	Income
Our Retail Operations review,	highlights		the need	to	Oversight	Committee,	with further			oversight		by	the
improve performance ofour shops,		reccgnising that			Finance	Committee.
this delivers both a financial	return	and	maintains	a
City Hospice presence in local communities.
Growing business capacity					Performance related		targets		for	key	individuals,
ln recognislng the need to	enhance our business				improved	budgetary	control		measures			and	bi-
capacity, we have agreed to	strengthen		the Senior

Management Team. This has led to the appointment	monthly		budget	budget	monitoring	monitoring	monitoring	by		the	Finance	Finance
ofservice level directors and an associated increase	Committee.
in costs.	We will	need to		see	the	projected		deficit for 2023/24
	halved	in 2024-25 snd				breaking		even		the	following
	yeai;
Palliative Care Paramedic service	Cost monitoring			by the			Finance		Committee,			but
Itis anticipated that this will costE357k over the next	service	improvement			snd		enhancement				monitored
three years, but with significant benefit toservice our	by the	Clinical Governance					Committee.
patients receive.
Bereavement counselling services expansion	Oversight		ofthe senrice			by the Clinical Governance
Following our successful National Lottery bid, which	Committee		and	annual		repordng as			part ofthe grant
allows us to expand the service through use of a	monitoring		requirements
E423k grant over a four year period.
Future Accommodation Project	Establishment			ofa	project team,			with oversight				at
In recognising that the current building needs to be	Board	level asthe project					develops.
improved to meet the needs ofour patients and their
families, we have agreed a project to review the
current facilities, to identify where we need to make
improvements and to recommend a wsy forward for
the project.

			I)adgs(gmlel	~	F~n	Toials
Donations and legacies		3.1	506,128		63,518	569,648	624,336
Incoming from chsritaNs sctivtdes
Operation of Hospice cars		3.3	1,166,548		18,140	1,184,688	1,086,461
Incoming from other trading	activtdes
Other Trading Activdies		3.2	269,707			269,707	234,989
Gross Shop Sales			323,145			323,145	309,149
Invsstmeni income		3.4	55,163			55,163
Other Income		3.4	1,830				128,641
Total			2,322 520		81,658	2,404,178	2430237
Expenditure on;
Raising frinds
Costs of running shops			225,927	11.'l36		237.063	235,819
Fundraising 3 voluntary	income		374,837			374,837	316,086
			800,763	11,136		611,899	551,905
Charitable activities
Hospice care			1,956,289	35,172	92.554	2,084,015	1,708,133
Total			2,557,052	46,308	92,554	2,695,914	2,260038
Net (loss)igains on investmsnt		8	(124,826)			(124,826)	49,993
Net (expenditure)l income			(359,359)	(46,308)	(10,896)	(416,563)	220,191
Transfers between funds		17	75,568	89,145	(13,577)	0
Net movement ln funds			(434,927)	42,837	(24,473)	(416,563)	220,191
Reconciliation offunds
Total funds brought forward			2,334,590	1,128,034	1,534,640	4,997,464	4,777,273
Total funds carried forward			1,899,663	1,170,871	1,510,367	4,580,901	4,997,464

EME OF CASH	FLOWS FOR THE YEAR ENDE	FLOWS FOR THE YEAR ENDE	FLOWS FOR THE YEAR ENDE	FLOWS FOR THE YEAR ENDE	FLOWS FOR THE YEAR ENDE
					Notes	2023	2022
						8	8
Cash flows fro'm operating		activities
Cash operating activities					.20.1	4,152	359,429
Cash flows from investing		activities
Interest received						55,163	46,662
Proceeds on disposal of	inveslmenis					319,007	314,658
Purchase ofinvestments						(333,958)	(285,767)
Purchase oftangible fixed assets
Net cash from investing	activities					40,214	75583
Increase in cash and cash		equhralen'ts		in the		36,062	435,012
year
Cash and cash equivalents		atthe	beginning		20.2	1,576,806	1,141,794
ofthe year
Total cash and cash equivalents			at the end		20.2	1,612,869	1,576,806
ofthe year

Depreciation	Depreciation	is recognised	s'oas towrite offthe cost or vaiution ofassets less	s'oas towrite offthe cost or vaiution ofassets less	s'oas towrite offthe cost or vaiution ofassets less	their
residudl values over their			useful lives	on the fallowing bases:
Land				Mo depreciation
Buildings				2% straight line on original cost
				10%straight line on components		relating to
				second floor conversion,	hearing	loops,
				solar panels snd boiler.
Office equipment				10%straight line
Medical aml		other equipment		20%straight line
Mini bus	and	van		25%reduchg balance
Computer	equipment			33%straight line

3	TESTO T Analysis.	HE ACCOUNTS ofincome
					~UUI II	~RI	Idd	Total	~a
					Funds	Funds f		2023 f	2022 f
3.1	Donations,	legacies and	other Income
	Donations	from foundation	8		169,731	63,518		233,249	198,948
	trusts
	Donations	fram community	groups	&	186,215		0	188,215	188,714
	individuals
	Subscripticns				190		0	190	208
	Legacies				142,218		0	142,216	236,466
	Retail gift aid				5,776		0	5,776	5,341
					506,128		63.518	569,848	829 677
3.2	Fundraising
	Fundraising	events			269,707		0	269,707	234,989

3.3	Grants	snd oth	er incoming	resources	from activities t	o further the	o further the	Charity's o	bjects
					Unrestricted	Restricted		Total	Total
					Funds		Funds	2023	2022
	Children	in Need					18,140	18,140	18,140
	Cardiff	and Vale	ULHB		983,955			963,955	780,981
	End of Life Sosrd				133,000			133,000	240,234
	Reimbursed expenses				22,963			22,983	23,263
	Other grants				46,630			46,630	81,882
					,548		18,140	1,184,888	1,144,500
					~UiU*	R	I iU d
					Funds		Funds	Total	Total
3A	interest received and miscellaneous income				F			2023f	2022 f.
	Deposit	interest	and Dividend	income	55,163			55,183	46,662
	Other				1,830			1,830	70,602
					56,994		0	56,994	117.265

Investment assets
Fixed asset Inveetmenle
			2022
Listed Investments
cenylng grdd value 1.042022		1,308473	I,S42,4IH
Adifigoiis to Irinmlmenls sttost			285,767
Dlspossls st tarrying vslii8 Hnt gshu(do505( oil mvslusgon		Hie, egeyt 124	(3142620 49,$0
Cenyhrg geiO Value 31.03.2023		1,253.690	1,383A73
Caeb In pwlfogo
Total lrivoslriiorils		1274595	1402875
An analysis ofIhe Investment	porgu6o Isas fo5ons'I
VKequiTies, VKbonds, properly 8nash
Oversees equSes 6oversees	bonds

		Sloohimsale
		2923	2022
		2	2
Trading acgviEesi
Opening		176	Sen
Added In Expensed	paled hi pmlod	2,780 (2,522)	792 (1,312(
Impaired
Closing		484	tye

Creditors and accruals
Amounts due within one year	f	ROD
Other taxation and social security	32,827
Deferred income	715	27,831
Trade creditors	218,131	2,865
Other creditors	39,555	15,448
Accrusts	155375	50,639
	444603	98,781

Movement	Movement	in deferred income	account	account			2' 3	~202
Balance	at	start ofthe year					27,831	20,860
Amounts 2 t	added during the year I dt I 5		IA	9	I	9	118,5!ut ~195.5291	35,895 f289251
Balance	at	the end ofthe year					715	27,831

17 Charity funds
fr I Analysis of net assets between	funds forthe current reporgng		period
	Rxed assets	Investments		Nel cUfrant assets	Prmaslons	Total
	2 1465436		2	2 sasar		2 1.510367
Unresirinted funds,
Tanslble fixed assets	502,871					502,071
Capital Pmgntmme				100,509		105,500
Fulma Plans 5Commgmenls				561 500		561 500
	502,871			880,000		1,170.071
gimel use			1,274,695	685,193	01,124	1,899.664
Total	1.900,307		I274 595	1379.124 -	81124	4500901
1T.2 Analysts ofnet assets between	fund's forsre pmvious mporling		pertod
Restated- see nsfe 18
	piled assets 2	Invesimenls		Nst owrerrt sssrlls	Previsionc f	Total 2
Restricted funsb	1,494.200			40bfo
Unmstdded Ends;
Designated
Tangisde sred sssetc						sss,sss
CspSei progmmme Futum Rsns 5 Commamsnls				101,500 49		101,600 401.500
Total designated funds Sancta/ purpose	smt 834		1,402378	593,000 sss,sls -	ss.sgr	1,128,834 2,333.700
	2030034		f402378	1633518-	05507	4ser 404
	2,030.034		1,402,378	1,033,558	68,607	4,997,464

		Opening	Income	Expanses	Transfers	Closing
		balance				balance
	Fixed Assets
	Welsh Government	1,000,000				1,000.000
	Big Lottery Fund	495,000			(15,000)	480,0M
	End ofLife Board	5,590		(1,577)	1,423	5,436
	Revenue Expenditure
	Children In Need	4,644	18,140	(22,784)		0
	The Craft Group	2,825				2,825
	Big Lotlery Awards forAS	4,742		(4,742)		0
	Morrhorw Foundation	16.329				16,329
	Groundworks Ons Stop	1,00D				1,000
	Cardiff 3rd Sector Council	4,710				4,710
	Screwfix Foundation		4,500	(4,433)
	O'Oyley Carte		3,000	(3,000)		0
	Co op Local Com. Fund		238	(238)		(0)
	WCVA - Thrive		27,692	(27,692)		0
	Wehh Government		28,088	28DSS		0
		1534840	81658	(92554	13577	1510367
17.4	Analysis ofrestricted funds for the previous	reponyng pedod
		Opening	Income	Expenses	Transfem	Closing
		balance				balance
	Fixed Assets
	Welsh Government	1,000,000				1,000,000
	Big Lottery Fund	51D,DDD			(15,000)	495,000
	End ofLife Board	7,320		386	(2,116)	5,590
	Revenue Expenditure
	Waterloo Foundation	1,791		(1,791)		0
	Chfidrsn In Need	0	18,140	(13,496)		4,544
	The Craft Group	2,825				2,825
	Job Retention Scheme		761	(761)		0
	Glamorgan Vol. Service		3,809	(3,809)		(0)
	Big Lottery Awards for Afi		9,800	(4,758)		4,742
	Morrisons Foundation		16,329			16,329
	Groundworks One Stop		1,0M			1,0DD
	Cardilf 3rd Sector Councg		4,710			4,710
	Dsfibrifistors			(800)		0
		1 521 936	55049	25,029	1711	1534840

Charity funds {continued) Details ofresbicted funds	Charity funds {continued) Details ofresbicted funds
Restricted fund		Pu ose
Welsh Government		Funding to purchase land for the hosphe centre		In
		2005,subJect to clawback arrangement	over an 50
		year period.
Big Lottery Fund		Funding towards building the hospice cenka in 2005,
		subJect to clawback anangements over	a20year
		period and being wdtten down by the rate of
The End	of Life Board	Funding to ensure improved connection	and
		accessibilty for hosplces with Canisc IT	system and ils
		eventual replacement
Waterloo	Foundadon	Grant fundin towards carer services
Children	in f4eed	Grant funding to enable palliative sessions tc be
		undertaken.
The Big Lottery		Grant funding to enable the charity to expand its
		c u II'
The Craft	Group	Donation received forthe benefit ofthe	users of	the
		hospice
The Morrisons Foundation		Grant for purchase and in'stallation ofa	'Garden
		Room' foruse asa childrens counselling	room
Groundworks UK (One stop)		Items for Garden Roam induding chlldrens tables			and
		book displays
Cardiff 3rd Sector Council		Grant for Creative Bereavement Group	- Art
		Psychotherapist, materials end minibus	costs
The Scnrwfix Foundation		Grant for new awning
The O'0	le Carte	Music and Art There
Coo Local Ccm. Fund		Counselli sessions
WCVA		To establish s City Hospice Counselling	Training
		Centre
Welsh Government		Bereavement su ort fundi for 2022J23
		The transfers from the Big Lottery fund	relates to		the
		depreciation on the Ty Hosbis building.	Transfers		into
		the End of Life Board Fund is for computer hardware
Transfers		u rades followl a chan e in HHS s	stem

20.1	Reconcllladon ofdeficit to cash flow from operating activities	Reconcllladon ofdeficit to cash flow from operating activities	Reconcllladon ofdeficit to cash flow from operating activities	Reconcllladon ofdeficit to cash flow from operating activities
		2023 f		2022 f
	(De5cit) forthe year	(4168583)		220,191
	Add back depmda5on charge		41,727	48,460
	Deduct interest income shown		(66,163)	(46,662)
	in investing ac5vities
	Decrease(increase) in listed investments		124,828	(50,173)
	Decrease(increase) in stock		(258)	520
	Decreasegncrease) in debtors		(39,160)	260.860
	Increase(decrease) in creditors		347,822	[62,274
	Increase(decrease) in pmvisions		383	11.493
	Cash generated from operagons		4,'152	359429
20.2	Cash and Cash Equivalents
	The amounts disclosed on the Cash Flow Statement		in respect	ofcash and
	cash equivalents are in respecl ofthese balance sheet amounts:
	Year ended 31stMarch 2023	31.323 f		31.3.22
	Cash and cash equivalents	1	812888	1,576,805
	(includes investment cash in portfolio)
		31.3.22		31.3.21
	Year ended 31stMarch 2022			f
	Cash and cash equivalents	1,576,805		1,141795
	(indudes investment cash in port(ego)

				Notes		Unrestricted	Funds	Restricled	Restricled		Totals
											2022
Income					f		5	5		8
Donagions and legacies				4a		594,328			35,348		629,676
incoming from charitable		activities
Operation of Hospice care				4c		1,125,599			'18,901		1,144,500
Incoming from other trading			activities
Other Trading Activities				4b		234,989					234,989
Gross Shop Sales						303,808					303,808
Investment income						46,662					46,662
Other Income						69,802			800		70,602
Total						2,375 187			55,049		2,430,237
Expenditure on;
Raising funds
Costs of running	shops					235,819					235,819
Fundraising &voluntary			income			316,086					316,086
						551,905					551,905
Charitable activities
Hospice care				9		1,683,104			25,029		1,708,133
Total						2,235,009			25,029		2260038
Net (loss)/gains on	investment			13		49,993					49,993
Net (loss)/gains on	sale of		assets
Net expenditum						190,171			30,020		220,191
Transfers between	funds			15		49,903		-32,787-	17,116
Net movement in funds						240,074		-32,787	12,904		220,191
Reconciliation of funds
Total funds brought	forward					2,094,516		1,160,821	1,521,936		4,777,273
Total funds carried	forward					2,334,590		1,128,034	1,534,840		4,997,464