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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.|||||||||||||
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##
||||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||||||||
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|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|||
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##
|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|
##
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##
##
|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|||
##
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##
|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|