2024-03-31-accounts

COMPANY NUMBER: 02651828 CHARITY NUMBER: 1023311 THE CITY HOSPICE TRUST LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 3181 MARCH 2024

THE CITY HOSPICE TRUST LIMITED Conlffits Rèport of tho TfusI•g3 Roport of th¢ Ind•p•nd•nl Auditors 18 Statemenl ol Flnand81 Acliv6t•os 22 Balanco Shool 23 Slat•mont of Cash Flo¥ 24 Not08 to th• Flnanclal ￿ateMentS 25

THE CITY HOSPICE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2024 The trustees are Fleased lo presenl Ihw annual report togelher wilh Ihe financial slalemenls of Ihe charity for the year ending 31 March 2024. which ar8 also pr8pared lo meel Ihe requirements for a directors. report and accounts for Companies Acl Purposes. The financial stalements comply with the Charities Act 2011. Ihe Companies Acl 2006, the Memorandum and Articles of Ass(￿lali0n, and Accounting and Reporting by Charities: Slaternenl of Recommended Practice applicable lo charilTres prepwing Iher accounts in accordance with the Fina￿la1 Rep￿ing Slandard applicable in the UK and Republic of Ireland {FRS102118ffeclive 1 January 2019). Th8 report also Com￿16$ with Ihe Chafilies (Proleclion & Soo'al Inveslfflenl) Act 2016. The company name is The City Hospice Tru51 Limited, bul the Trust uses Ihe workin9 Trarne of City Hospic8 1. CHAIR'S REPORT As Chair of the 8owd of Truslees. l am pleased to we5enl City Hospicè's Anrval ReFN)rt for 2023124. This year, we have successfully balanced preparing for IIE fulure with delrvering ex¢epli¢)nal end-of4rfe care for the people of Cardiff. On behalf of the Board. I want 10 Sir￿relY thank our CEO. Liz Booyse and the Senior Le￿ership Team for their dedicats'on and resilience during a demanding year. Led by Dr Margred Capel. t)vr Clinical Team has seen a signrficant increase in WO￿load due lo higher dernand and our 4JeGision lo expand ouw service offeriry. The Board deepty ap￿ecIateS their professior￿1 allilude and comrnilmenl lo providing ihe best possible care for Cwdiffs resthnts. I would also like lo mention the amazing Welfare Rights Team, who work with our patients and ther famil￿S to ensure they receive all the support and be￿[11$ lo vthich they are entrtled. This year they have secured over £2.3 million in additional support lor our palienls and their famAies_ This year saw a $i￿1r1¢an1 incrèasè in th8 number of staff working at Ihe Hospxce. I want to Welcome Ihem all lo the team and wish them every success. We have also seen many nffiv volunleers I￿nIng our fanlaslic team. Welcome all and Ihank you for the lime and ski115 thal you bring to us, whtch is very much appreciated. I W￿ld also like lo Introdu￿ some new Tru51ees lo the Board, bringing their wealth of experien￿$ and expertise, and I very much look forward to working with Sue, Ila and Hannah over the next few years. We also saw the departure of Helen, a long-sefving Trustee. I would like lo thank her for the years of serwce she has given lo the Hospice. Financially, while challenges remain, l am pbased to report that the financial positiw at the end of the year was significantly belter Ihan projected. Thanks to the efforts of bolh our ftjndraisers. our Supporters, generosity and the efforts of our finance leam. Our CEO'S lobbyin9 f¢x additional support Irom the Welsh Governrnenl for 1he Welsh Hospice seckn has aso been instrumental in bringing us to Ouf currenl h8althi8r financial position. Cily Hospice continues lo Iransfomi. The Board has approved a major redevelopment for Ty Hospice and made organisaliona charKJes lo our dinical and relail leams. l am confKlenl these changes wll signrficanlly eryhance wr operations and services. l arn looking forward lo Ihé tuture Ihal we are creatin9 and to re￿rtIng on these exciting new development5 in the fuluie. Mlchael Baker, Chalr of the Board of Trust•os

1. OBJECTIVES AND ACTIVITIES In prepanng this reptM and reviewbng oui obieclives and aclivities durin9 the year. Ihe trusteès have had regald lo Ihe Charily Commissi¢)n's general guidance on public benef￿. The charity is established for Ihe public benefit by relieving sickness and pain lo persons sufferirrtJ from any chfonic w terminal illness, irrespectbve of race. colour ly cree(l and lo provide n￿ra1 and spirilual support lo lalives of such persons. All services aTe free of char9e. No indiv￿￿al is wer excluded. The patient, afid their family and carers, are the mosl impwlanl relatKMships we have. and T4¥e listen carelully lo Iheir views so Ihal we lully undersland and apprec4ate their wticular requirements. The dinical seryice and holi51ic supwt Ihal we proV￿e is deswed to all￿ palienls 10 51ay at home, supported by their carers. and to die in the prelefred place ol dealh. which is usually in Vio¥ own home. Our PurrK)se, Mission and Values are the gu￿Ing principles of the charily". Purpose Our Purpose is lo provide exceptional specialisl pallialive carè and support lo Ihe people of Cardiff affeded by a life-limiting or terminal i11n￿s. W8 emtxjwer people lo live fUlf￿[Ing lives whde also planning for a dignified death. fyqi$6l¢n Our mission is to excel as a dinical service while ensuring linancial sustainabdity. We aspre lo be embraced by Ihe people of Cafdiff as their trusted end-of4rfe support seryrce. To athiève this. w8 will d8volop a highly engaged workforce and live our valu8S. Slr•t•glc Alms
2. Clinical Excellence
3. Financial sustainabilty 3 Engaged Team
4. Emlxaced by Ihe people of Cardiff Valu Passion and compasslon We work logdher wlh pride, compassion. purpose arml ded1￿110n. Our Gharity keeps people at the heart of vthat we do and we recognise the vital role played by our volunteers and supporters in delivering OUT services to the people of Cardiff. Sharfng and empowering We focus on shared decision making with pal*nts. dose to them and the wider communilies 10 empower people wilh lrfe-limrtmg condition5. As a team share and celebrale 8￿CesS and gve peopl8 tools to th) their Job. empowering éacision making and encouraging innovatson. Knowledgeable and responslble We act w￿￿ responstsdity and professionalism as a team. to wovide lh8 hig￿1 &7re. comfort and supptyt io our patients and peoth dose lo them.

3 APPROACH TO FUNDRAISING This seclion of the reporl. in line with Ihe reporling requirempnls sel oul in Ihe Charilie5 Act 2018. explains our approach lo fundraising aclivilies. A diversè aThJ sustainable approath trj income generalKJn arKI fundraisin9 ts &ssential if Cily Hospic8 IS to continue to expand arKI meet Ihe need5 of our palient5. A5 a local charity embedded in its local community. and dependent on thai local communty for ils 511PPOrt. we benefil from thé h￿h visibility ol our services arKI of the work we do lo support palienls arKI their lamlieslcarers across Ihe city. We have our own ￿¢Oft generalion leam and spread our futvjraising aclivilies across a number of different income streams. including fundraising from the community. local IxAsiness8S. 9ifts in wills. aThJ aPp￿"ng for sranls from Irusls arKi foundations. 11 is very important lo City Ho$￿'¢e thal oui lurKSraising is carrièd out to the hI￿e$l 51andard as any failure in those standards would be immediately evidenl lo our supporters and would Impacl directy on the support we currenily re￿1Ve. We are regislered wilh the Fundrabsing Regulator a￿j Fundraising Preference Service and, additionally, we hav6 developed a Suppcyters. Charter which sels wt the principles by whith we work wilh our supporters lo raise rnoney. FurMJraising activrties carried oul on our beham are monitored as dosely as PQ55ible. Membets of Ihe public raising funds 'in aid of City H05pice are asked lo provide full information about iheir aclmty lo us in advance ol it taking place wherever possible. Cily Hospice lakes particular care to prolecl vulnerable people who may wish lo donate in support of our work. Our approach to working wrth vulnerable supporters is oullined in Fundraising POI￿y. Many of our supporters could be deemed to be in vulnerable circumstances du8 lo current or previous bereavernent. We have clear guidelines in place thal stipulate the lerms in wh￿h we May make conlact with a patient I family memb8r, which provides an elemenl of ￿3$SUrance Tegarding their vulnerability. However. wherever w8 suspect a supporter is in vulnerable circumstances or lacks capacity in our contacl with them. Our fundraisers musl lake sleps lo end Ihal contact in a posilive and kind manner thal prolecls Iheir dignity a￿1 any desire they have expressed to support City Hospice. We fecognise Ihal everyone h&% the rwJhl Io supwi Ihew favourite causes and d)arilios. bul we also acknowledge Ihat City Hosp￿ has an obl￿atIon to prolecl those in vulnerable circumstances. li may be difficult in som8 gtualions for fUndra￿er5 lo make a Cle￿-¢U1 decision as to whelher or not someone is in a vul￿rable circumslanc8 or lacks cap&ty. especially where the interaction is short lived, or Ihe 5UPPOrter bs a stranger lo the fundra￿r. or the contact is not face to face. Therefore. we will always eir on the side ol caulion and sUppC￿l our fundraisers lo terminate contact as oullined above rf they ar6 in any doubl al all fe9afding the vulnerabilily of Ihe supporler they are dealin9 wilh. This approach has b8en inform6d by Ihe Inslitule ol FuThlraising document Trealing Donors Fairly - Guidan fof fundraisers responding to the needs of people in vulnerable circumstances helping donors make inlormed decision5'. City Hospice's fundraising ptans and relaled activitres are overseen and monitored by a sub£omrnitlee of the Board of Trustees. the Income OVers￿h1 Committee. During Ihe finartial year 2023124 there was no failure lo adhere lo the Fundraising Standards Board Codes of Fundraisin9 Praclice. no opl oul fequesls or Complaints about fundraising were received dunng the year via the Fundraising PrefereTrce Service.

1. ACHIEVEhENTS AND PERFORMANCE 2024 marks the 4￿Th Anniversary of the charily and allows Ihe opportunily to celebrate the 40 yeafs of providing exceplional palliative care seNi¢es and support for people ol Cardiff. In reviewng our achievements and performanc8 for 2023124, we also take the Opp￿￿nItY to ackTr)￿￿edge Ihe achtevemenls of ihe Charity over the past 40 years. and indivrfluals who have en8￿ed Ihe charity to wow arKI flourish. we have considered.. a. Cllnlcal Excellenc• b. Flnancial Sustalnabllity Engaged Team d. Embraced by th• p•ople of Cardiff Cllnical Excellonc• The Ruby annivérsary year presents an Opp(¥￿nItY io ￿￿k back over Ihe developments in the clinical service ovw 40 years. as well as reflect on the lasl year. City Hospice clinical serV￿e has ￿Own &KpowiliaNy. become formally regulated, and is now recognised to be a Consultant led Speoalisl service and partbcipates in a regular comrntssioning process ￿th Cardiff and Vale UHB in ordw lo be assigned the cthmmunity area in wh￿h we w(Kk (currently al patients regislered wilh GP in Cardiffl and to le￿1¥e lunding and moThtorfflg of our dinical s￿viCe. In conylying with the'sugar ieview. and developing specia115l pallialive medicine for the peoF49 of Cardiff. City Hospice undertakes a rnultidtsciplinary initial assessm8nl (a combitialion of doclor and nurse or paramedic) with ongoing regular medical direcied rafe and regular fa￿ lo face review (by a CNS) we can achieve a belter quality of lrfe lor a person wilh lerminal illne5S - thrThJgh identifying aThJ controlling the symplorns Ihe person experiences as a consequence of their disease. the trealmenl Ihey are receiving or from symptoms experlenced at the end of lrfe. Cily Hosp•ce lakes a ￿lIStIC aptxoach lo a pers￿.$ tar6 - considering and respx)nding to Ihe physical. psychological. social. finantial. spfft'tual disiress we ￿entify in the palienl and Iheir imrnediale loved wes - through building a rappori with the palient and those closesl lo them we aim to find oul whal's imFrf)rtanl lo the Individual. (￿r clinical mullidisciplinary leam has expanded to inCl￿e more disciplines Irom that initial team 40 years ago. Now we are a team appropriately trained. skilled and qualrfied team of doclofs. Clinical nurse specialists. palliative rwses. rtcupational therapBIs. welfare iighls off•cefS. paramedi￿. medical secretary. typi5l, clinical adrnin peo￿8. data anasysl. chaplain. ccwnsellors and psycholwapisls and volunteers- the lalter supwrt (Mjr palienls al group activities arKI with tranSpC￿ to sessiorts taing place at Ty Hosbis. deliver complimenlary therapie5 and assisl with clinical administration. We work together lo the same $I￿ardS and ￿al$ of patient care with rewlar face to face review of people in their h￿be$ or al Ty Hosbis f(K those that wish lo be reviewed outside of Iheir home environment. The Ic¢alion ol Ty Hosbis has changed with us now bein9 in our ￿ry)Se building since 2005 on Ihe old Whilchwch Hospital sile and we have already oulgr(Mn the space and Ihinkin9 about Ihe next 40 years and what Ihe service and community may need. The sile rtself has changed wilh the closufe of the cld Whilchurch Hospilal and the site development lo accompany the new Velindre hosprtal Imikl. Al City Hospice we don't have a vraiting lisl - urgent ￿ferra1$ we seen vrtthin 2 days everyone else within week. over Ihe year referrals to the servKe have increased - now feceive over 11x1 feferrals a month. We have forged F¥)silive wothin9 relalionships with wimary care. dislricl nursin9 service, social care professionals and the v*ious olher professionals allied to health care ￿lch enabkn us to work together lo

achieve patient centred care. City H05pice's nursing, medical and paramedic staff all Work on various rolas that enable care to be accessed day and ni9ht. Clly Hospice accepts referral for people with any lrfo threaleniNJ diagnosis - although developed initially in response 10 serve the need5 Of people with cancer bul ￿ptIng Ihal those people wilh lerminal non-malignanl ¢Yisease also have a huge unmel need we have expanded and in 2023 36.4% of the referrals we recerve are for peok4e Nmlh non-cancer d￿gnOSIS, Wlth demenha and frailty being th8 lop of that lisl. The median length of time that a palienl is known to our service is 52 days. bjl Ihe avorage is 131 days. As a service we recognise thal allhough the majority of people we see are aware that they are coming io the close of Iheir lives & choose lo be al home. 87% of people athieve this preferer￿a ol being at hom6. Looking al Ihe reasons people are admilled lo hospilal - and don'l ach*ve I￿1r welerence a fall Of sudden h8allh event precipitales this adfflission. As a hospice during 2023. we have decided lo respond lo th8 ￿ed we have idenlified arxJ. through working in partnership with WAST we have paramedics working wrth us to ba able to respond rapidly lo our palienl neéd when it is identrfwj - this Nilkilive was Irialle(i in Sw2nsea Bay - and in developing this at City Hospice rt is a first lor Cardiff. City Hospice runs a young adun pallialive medicine service wilh Ty Hafan - which is a seivice we have developed in response lo IPE need of those young people who have b9en known to paedialric services and when they are 18 can no longer access these services and transit#?n over to our adult service. Also in 2023, in order lo avoid duplicating services ar)d slreafflline Ihe process for our patients. our Welfare Rights Officers are working w¢th the council lo perfom a single point of wellbeing and financi81 assessment lo allow access lo cwe provision from Ihe local autlKJrity. This new apwoach aims to strenglhen the Partners￿"P working and integration belween health and social Gare as promoled by legislative guidelines. Our coun5elling service has Iransfc¥med over yeaTS - Staffed by counsellor5. and HCPC resistered arl or music psycholhgrapists the Se￿iCe has developed STrn￿ ils inceplion lo be atrAe lo deliver specialised psychological suppcrt whele need is Mjentrfied. currently 250 dients are being SUPPOrted these include palienls. Iheir th￿dren or other family mernbers. This Service also supports bereaved people of Cardiff enlified by the bereavemenl off￿e al UHW or GPS or self-rèlerrals. The service is tailored ID lh8 individual through f&e-tO-f￿ sessions. online SeSs￿n$. groups sessions or coffee rnornings. City Hospice has devdoped Ils education provi5v)n ￿th City Hospice b8Goming a fcrfmal education placement for medical sludenls wilh Cardrff Universty. second and third-year nuising students, c¢cupatM)nal therapy studer)t5, Irainee GPS. 4Joctors Ir•ning to be specialtsts in palliatNe medicw)e. paramedic sludenls, counselling and art and music psychotherapy students. We have also developed our leaching sessions lo upskill the non- specialist or generaltst staff we work alongs￿6 - respecting the slrenglh in spreading good praclice and care Catri¢)na Seed h35 been made Cty Hospices fiTst queens rwrse on Ihi5 basis. Over the last 17 yoars City Hospice has developed a w￿dwIde reach- with dcKtors from all over thè worfd who are slutying their Masters degrees in palliative mediclne al Cardifl Unlversity wilh Prof Rawlinson. comin9 to shadow our leam at City Hospice lo learn how we delwer p81ialive care in Cwdrff to take back ideas lo their own services. Some of our CNS and doctors crAlaborale with Cardiff Unwersity lo delNer training sessKJns. We 5UPPQrt ltr￿ Cancer Relief Centre team in GiiKallar through regular online MDT meelings ar￿ peer support. Some of th8 research generated Ihrouth Ihe clinical loam has conlribule(I to nat￿nal guidelines. abslracts or poster presentations al conferences. In rellecling on 40 years of Servi￿ City HospKo was and still ￿ a hive of clinical adivily. we can only imagine the next 40 years becoming busier a5 Ihe powlalion arml need of the pewe of Cafdiff grows. We seek qualilalive feedback from palients anrj larnilies regarding their experience of our services to inform our development usirvJ annual 5ali5fxtion surveys.

Patlenvcarer Sallsfactlon wlth Clty Hosplce SeThlce 2023124 •Very saiisfied Saiislied Oissaiislied •Vtsy (I"ssatislie •￿a￿kov NIA The mean and median number of days pallents who died in 2023 weJe known lo th8 service was 131 days and $2 days respectivety whth represenls a slight increase of approxirnakly 7% on 2022 Last year: 86.80A of patients who expressed a wish about their PTefefTed place of death were able lo achieve this eference in 2023 86.4% of pats.enls who wanled to die In their own home were able lo aGhieve Ihis. 81Y. of palienls who wanted lo die as ￿ inpatient in Ihe I￿1 Iw)spice were able lo achieve Ihis. B8i•av•rn•nl and Counsdlin9 Swvlce In 2023-2024, our bereavernenl and c(xJnselling Se￿Ths have conts'nued lo lurthef devdop. In the past year. we have been able lo see rnore children in schooFs. welcome peoth lo our oulreach clin￿$ and establish mwe bereavefflenl cafes Ihroughoul Cardiff. The expansion in our services havè not bèen made FKSs￿1? wilhoul being aw¥ded a fouw-year Naliwl Lottery. People and Places ￿an{ to support our work wlh bere3ved people in the ccrfnmunity. In year one. we have expanded our work in Ely. Llanwnmey, Canton and the Cily Cenlre, and provided counsellir¥3 suprM)rt. bereavement groups. arml b8reavement coffee mornings, for more people. Accessing our care doser lo IK)me has mad@ it easiw for people lo say yes lo the help and support Ihey need, and redueéd wailing time. Thrcwghout the year. we have actively ￿0V￿led home visit5 lo patients unable to access our service5 olherwi5e. AdditsLKially. we have eslablished a presence in over 30 schools. offering support lo children in families rgGeiving pallialtve care and those who have expwnced bereavement. We are deeply ￿ateful to thése schools lor accomrn(xlat1￿ us a￿1 providing space. despite Iheir ￿$Y schedules. Thelr coopeTallon has been invaluable. We are delighted thal schoo15 are becoming lamiliar ￿th our and Irusl us en(xJgh to make referrals directly. 11 is very Imp￿￿nI that chldren receive Itmely Supp￿ in a rnann￿ thal allo4￿ tlwm lo b8nefil fr￿n Iherapy in an a¢￿ssIble and sale environment. Bereaved chIld￿n often face ethjcat1￿aI chall8nges. which 1$ why we prionlise providing support wIthC￿ disruplng their sch￿1 attendarKe. By seeing children ywng people in school. we Can adapt lo their needs and offef SuP￿t in a f￿nillar and secure selling. This aptyoach also alleviates pressure on families during (lifficult times.

Additionally. il's been a busy year for nol only counsell•ng bul for ￿0Up$, teaching and awareness courses Our dedicated counsdlors have been wl to teach in schools. businesses and communities lo raise awaren8SS ol grief and to gel everyone thinking ab(yJt th8 impact on themselves and olhers around them. We conlinue lo offer outreach d+nics, I(￿UsIng on areas with Ihe grealest need. Our dinics in Uanrumney, Ely. and Bulelown have become integral parls of our service. Addrtionally, we provide bereavem8nt counselling al Cardiff Prison. We have eslablished a din￿ at the prison to halp the rrfison porKJlation cope with their losses. b. Flnanclal Sustalnabillly The City Hospice lundraisiig and retail leam successfully adapted our income generation ac11vil￿S throughoul 2023124. OUT efforts involved collatoralwji wilh key 5tskeholders. and the eslablishment of new community relationships. We introduced new initiatNes such as furKlraising CaMpa￿n$. events, and appeals. while also rnaintaining our locus on gfants. le9acies, and established fu￿1raisIng relationships. Fundral8ln9 This year, wè saw the comrnunty come togelh8r more than ever during our events. wilh ongoing and new supporters. We welcomed back Ouf fourth Sparkle Walk. ¥there over 300 suptK)rters lil up Ihe streets of Llandaff in mernory of their lov￿1 ones. Wilh Ihe generosity ffom The Wa1edoo Foundation ¢yKe again, the event was a treMer￿0US suct&ss. raising over E30.000. Participants rmvided phenornenal fee(Iback, calling il a 'fabulous event, and vowing to 'glillef up again this year. As w8 stèppèd into summer. our Charty Raft Race made a splash at Llandaff Rowing Club. Busines5e5 fTom across Cardiff ￿lIt rafts and raced up Llandaff RTr￿1ng Clth. covenng over a mile anfj then back down lo the clubhouse. Forever Flowers returned lor a third consecutive yeaw, offering supwt lo hundreds of giièving families and raising Ihousarmls of p￿fids. The campaign leaiured a unique limiied-edilK)n daisy crafled by the British Ironwork Centre, allowing tho rxjmrnunily lo pay tribute lo Iheff cherished family m8mb8rs. friends, and loved ongs. Over a Ihousard daisi8s. each r&presentin9 a loved one's lrfe. foifned a slriking display designed by cAJr counsdling learn. The distAay. which lasted nine days. attracted hundreds of visitors from Cardiff and beyond. During Ihe exhibit campaign, we hosted our anrKJal Celebration of Lrfe event wilhin Ihe grounds of Cardiff ca$￿e. This gathering evening provided an opportunty for both those who purchased a flower and the wider comfflunily lo come logether in rememlxance. This year's Celebration of Lrfe was our largest evenl to dale, wilh over eiio peOp￿e uniling to IKsnwr their loved ones. We were joine(I by members of the Rock Cl¥Jir from across Walos. fomiing a super choir specifically f our evenl. Forever Flowers 2023 raised over £50,000 for City Hospice. and we are do[￿hled to announce ils relurn in 2024. Next yèar's chosèn Ilower V•ill be a rose, symbolising love. affect￿n. and respèct. wilh ils colwT a150 paying Iribule lo our Ruby anniversary. During our Light up a Lrfe appeal. we held a feslive evenl al the Royal Welsh College of Music & Drama. featuring sing-alongs lo Chrislmas Music arKI a li9hl show. thanks lo our partner, C￿l$1Ma5 at Bule Park. This event uniled over 300 rA)mmunity mernbers to Femember loved ones and enjoy the beaulrful light trail irn the city CharSlablo Trusts and Foundallons In 2023-2024, gifts Irom clwilable Ifusls and lovndalions Iwe played a vrtal role in enabling us lo deliver heartfelt and ea$y-tO-access palliatNe and ond of Ille ¢ar6 serviC6S people in Cardiff and Iheir familie5. This year, trusts and foundation5 have supported our VaY)rk. conlributed to the fuThling of new proiecls, and

provided match funding lo bTr)st incom8 through our dedicated events. We couldn't be more grateful lo Ihe smal. local trusts and largef national foundalions who chose lo support work. Every penny received has helped us make an even bigger diffefence. We are grateful lor the eThJuring support of Ihe Hodge FourKlation who provided £100.IN]O of match funding during ouw Light up a Lrfe remembrance campaign appeal, and to the Waledoo Ft)undation who provided match lunding for our Sparkle Walk. These pOign￿t events provide bereaved lamiliès wlh morrtenls lo reflect logelhei and remember Ihe people Ihey love and miss. Vthile a priorily focus has been placed on securing to uThJerpin our core work. we have also locusod on applicati￿S Ihal support us in achieving our ambition that no one in need of our care is left unsupported. Specifically, Ihis year th8 mason￿ Charitable Foundakn'on has enabled us lo redesign ouf approach to fiThanual wellbeing, and the Jarnes Tudor Trust arNJ February Foundation have helped us d6lNer education and traM)ing lo bu.rfd Ihe $k￿lS of colleagues working a¢ross Caidrff and in care homes. We are also gratelul lo the Linder Foundalion and Inlight Trust lof funding our work supporting people in Cardifl Prison. We are exciled lo gow relalionships wilh charilaile trusls and foundalions - enabling them lo rneel Iheir own philanlhropic aims while helping u5 to achie¥e our ambitions. This I￿ludeS the Albert Hunt Trust. the Jenour FoundalA)n. the Frazer TNst, and the the Sl Jarne5'5 Place Foundalion. As we fate into a future thal Indudes increase¢J demand and ￿eater complexity of need. Ihis has never been rnore irnportanl. R•tall TN"s year, our retail outlels have expwtrKed Slgnrf￿8nl development whilsl also generating over £361,000 in revenue. The Rhwbina store. reopened last July as a bookstofe, has becorne increasirgly popular in Ihe community, establishing itself as a top deslinalion for books an(1 collectibles. The Ely SI￿e'S refurbishmeni has led lo a rise in sales and donatsons. with the IKx81 community warmty welcorning ils now look. Thé Whilchurch slore's fenovalion lo mirror our new concept has also been posilivety received. Meanwhile. the Barry store continues to thrive as a dearan￿ oullel. offering exceptional value and contnbuling to Our Sustainability efforts by reducing landfill waste. LOO￿.ng forward. we plan lo expand wr store estate inlo 2025, èxternling our unique relail experience lo fflore commurulie5 in Cardiff. This expansion indudes openiNJ a store outside of lown with warehouse space to make ihe donats'on Pfocess easi8r for our donors and enhance slock dislribulion efficiency. Our relail team conlinues lo expand. with new managers and assistanl managers strengthening our existing management ard volunteer teams. Our de(IKaled volunteers are e5senlial in supporting managers cortributing lo the growth ol our slores. Behind ihe scenes. wr eXCe￿nal van dtivei a￿1 wareh)use teams ensure a steady flow of donated g¢)ods lo our stores. The steadfast comrnrtmenl of our slofe tèarns. altYKJ with our cuslomers. support, enables the (￿CeedS from our relail operalions to conlinue lo fund ihe vilal work of ow charity. providing care ¢0 the people of Cardrff when Ihey need il rnosl. c. Engaged Team The weat work of the charty V4￿uld not be possible wilhoul Ouf dedicated leam. Itw are our adfflinislralion. rinartè. volunteering. fundraising. and retail staff and yo￿nIeers, wtK> w￿k lirelessly alongsKle th8ir clinical colteagues. all of whom wLvking towards our Cofe purpose.

Over the past year have conducted staff workshops lo urKlerstand tho current and future needs for Ty Hosbis and our servTr. We have lislened lo feed￿k aThJ used Ihis lo shape a slralegy for the future. The insights of Ihe team are of paramount imporiance. every day they are working lowards our shared purpose, and il is only fitting that Ihey our inslrumenlal in shaping ihe future of the chaf ity. Be￿een 2022 and 2023. th6 number of palients rèquiring our services has I￿reased by 11 %. We have therefore taken the decision lo grow our team, to meet Ihe needs of our community. Over the past year, we have recruiled two new pallialNe nurses. recrurted a 8and 6 Occupalional Therapist. launched Ihe WAST Palliative Care Paramedic project and recruited add'rtional CounsellNs lo deliver bereavement servtes. We are also aclkvely developing our Band 6 Clinical Nurse Specialisls lo becomé Band 75. Thè hospice seclor is one of innovalion and creatNity. capable of pivoting and remaining agile lo meet the changing needs of our paI￿nts and Ihew lamilies. To support our team we have es1abli5hed a Staff Represenlalives Forum. and Staff Hub webpage. as a means lo provNle ￿w$ and updates. we have created a quarterly staff newsl8lt8r. held woikshops and the senior leadership team have presenlenced our slratègy for Ty Hosbis, to team lo seek IheFr feedb￿. In athlilion. we have held a senes of fun and tnformative Lunch ané Learns. lo spark (xeativily, spend lirne with colleague5 and lake a ￿ment away from the challen9es of the day. We give special Ihanks lo our speakers on subjecls such as aTthitecture, motivalion, accessits'lily, menopause awareness, the hffjh sheriffs offKe. and supE￿ilr￿J Muslim individuals during Ramadan. d. Embraced by tho pooplo ol C¥d•ff At City Hospicé every pèrson mallers. Every person who has contributed toward Ihe charity over ihe past 40 yews. is a part ol (￿r Suc￿8$. To all our past and pr8senl slaff members. Iruslees. volunteers. and supporters - thank you for enabling Ihis great charity lo make an immeasurable drfferen￿ lo the lives of those affected by lrfe limiling and terniinal illnes5. Over the past year, we have mel wilh some of ouc palignls and families to learn of Ihwr experiences. People have shared Ihe life changing differerlce that Q'ty Hospice makes to them. We vlere humbled lo chal to patients within our Day Centre Programrne who IcAd us that Day Cenlre may be the only I'rme during a week where Ihoy have a meaningful conversati￿. We spoke lo a person who had been recently bereaved and the dIff￿Ul11e$ in dewing away Ihelr spouse's beloroings, and Ihe joy Ihal they experienced when receiving a leller from our Relail leam, lo say Ihal we had raised £500 Irom tt* sale of these ilems. We also spoke to oro lady, who r8fus8d to be defined by her prognosis. who qurte simply staled. Im not living lo di6. 1 in dying to INO. The ethos of the charily has aKvays been to provide specialist pallialive care lo people IT) their own homes, wilh Ty Hosbis providing an envirorvnent to provide further services and supwl lor palienls and lamilies. We remain Irue lo these principles. As we look to the fulure. Cily Hospice WIH continue lo be Ihe shining lighi Ihat the charity has always been, we wlll continue lo deliver exceplional care. and support to fafflilies and patients. We will continue lo strive and achieve new levels of patient cenlred care and extend our services lo meet Ihe growing needs ol our community. We wdl ￿￿1)ur Ihe spirit ol Ihe chariiy and the prTrnise Ihal our original founders made lo Ihe people of Cafdiff: recog)ise each person as being unique. lo h81p them live full lives or as lon9 as possible, and to provide support and compassion for I￿1r faMil￿s. 10

S. FINANCIAL REVIEW A5 reported last year. we rnade 3n overall def￿11 of£416,563 in 2022123. and mèt this by reducing our reserves. In preparing our budget for 2023124 we again anlicipated a difficult year financially and sel a budgel th81 anlicipaied a deficit of £486,679. with a further redUCt￿n in the level of our reserves. The year-end position as reported in thes8 financial sialernenls shows our income for Ihe y8af was £2,758.701 {compared to £2.404,178 in 20221231 with expenditure lolalling £3,126.268 (£2.695.914 in 2022123). This deficit of £367.567 on operalional activilies was reduced by £42,268 as a fesull of Ihe increase in market vaue of inveslmenls. A nel decfease in reserves of £325.299 (against the budgeted defKil of £486.6791. In overall lerffls, ¢Jur 'lree reserves. ncm sland ai £1.233.090. tr￿1 we have revised the level ol OL•r d8Si9naled revenue reserves to £1,010.606 in ordew take account of our prorM)sed ￿VestMents in retail. fundraising and the Ty Hospice redevelopment in 202412S. The lotal I￿￿efOre ol our 'free reserves. and designaled fun(Js is £2.243.697, compared lo £2,567,663 last year Investment powars and ￿lGY Our Memorandum of AssoCial￿n allows the InAslees to invesl Ihe monies of Ihe charty not immedialely requifed in investrnenls. seujrilies or (Koperty. Ml rnonies are Iherefofe invested excepl for that portion retsi'ned as workin9 capital in cash necessary to meel our day-to-day cash now requrements. Over haff ol our Y•ser¥es are held in bank deposit5 for varyiro terms and as part ol our t￿￿￿¢la1 risk rnanagernent approach. these bank deposils are spread across Sever￿ different banks. Wilh the Bank of England's Monetary Pol¢y Committee keeping inlerest rales at a hi51oricalty low level. we have $88n income from fvnds do￿sIted with banks reduc6 considerably. and we have Iherelore soughl a higher rale of return. through inveslfflents with fV)anagers Brewin Dolphin. ()Jr nvestmenl policy is to earn dividend and intere51 ihat exceeds inflation and bank account intere51. aThJ to maintain a level of Investments Ihal al least rnatch the movement in the FTSE 1 tm) index. As reported above. the iruease in market value al Ihe e￿1 of Ihe year was £42.268 Icompared to a decrease in value of £124,826 last year). We recognise that the siock market remans volatile al the moment, and Ihat our investments are held for the long lerm. b. R￿•￿•3 pollcy The purpose of City Hospice's reserves policy is lo ensure Ihal Ihe charlly's ongoing and future activities are reasonabty protected from unex￿ted variances in its irKome and expendilure. As part of financial monilorirKJ during the year. Truslees le￿Il¥1Y review our reserves aThJ designaled lunds policy. In reviewing our reserves wJli¢y lor 2023124. the Truslees have laken into account the risks to the sources of income that the L*arity faces. whTrlsl al Ihe same tirne recognising Ihe need lo make reserves avarf8ble lor furthering our objectives. In cmsidering this. a reserves level ol between 6 to 12 monlhs dinical expendilufe. less the levd of SLA fundhry we receive has been set. meaning Ihal ￿ should hold reserves of belween £675k and £1.3K)k Our genefal resefves £1.233.0￿) al Ihe erKI of the yeaf fam within Ihis range. The Irusle&s have also agreed to increase ts level of designaled lunds lo £1.533.528 which have been split into the following tategL￿es. Future ￿an$ & commilrnent5 - fund5 Sel aside lor slralegic developments and to cover Ihe anlicipaled defKil lof 2024125 Capilal programme furKJs - this fund has been des￿nated lo fund emergency and Planned Maintenance of our buldifKJS.

Tangible fixed assels funds - this is an accounting reseNe Ihal matches the fixed asset nel book value less Ihe closing value of Ihe feslrKled capital fun4Js. Our total reserves now siand al £4.255.602 and can be sumrnarised as: Reslricled funds £1.488.985 {of whtch £1.465.000 relates lo the original hospice centr8 fundiro) £945.826 £64.780 £522,922 £1.233.090 £4.255.602 Fulufe plans & comfftitmenls designated funds Capilal programme funds Tan9ble fixed asseis designated fuTrJs Free reseThes Total reserves Going Coneem Our funding Irom Cardiff 8 Vale Unrversily Health 8oafd is now subject to a Ihree-year agreement from April 2022. Although we now anlicipate a lurther budgel def￿11 of£418.000 fof 2024125. we have sel aside sufficienl designated funds lo manage this position. The trustees are therefi)re of the view that ch¥ily is a going concern and the financial statemen15 have been PrePa￿d on Ihat ba515. d. Rlsk Manag•mont The trustees fijlly recognise Iheir responsibtlity for managing risk and the need for Mjenlifying. asse$5ing and minimi5ing the maj(x risks to whith the tharity is exwsed. Through the various commillees all risks which Ihe charity faces are proFerfy Idenlif￿d. reviewed artd evaknaled. and systems and proce55es are then put in place lo rnit￿ale these risks. The key risks we have identif￿d are summarised below. showing how we have responded lo Ihe risks idenlified from last year and any new stgnif+cant risks for 2024125: Kay Rlsks Control meagures Flnanclal Inv￿lmont3 Annual revEw of investment Our investrnenl strategy j perfomiance and apwoval of an recognises Ihat we need to investrnenl strategy and in-yEar invest some of Ouf funds to monrtoring of inveslment achieve a higher rale of return. performance by Ihe Finar Comnwttee. In year p￿r￿Ma￿ M￿rt011ryJ by Inc(xn• Ovwsight c￿n￿tt••. Ih fwther overstyl by the Fin￿￿ Comm￿ee. P•rformanco In 2023124 Due lo the volatility of financk31 irwestrnents this rlsk remains for 2024r25. Retall operallons Our Retail Operations review hyNwJhls ihe need lo improve pertormance ol our shops. recognislng that this d81ivefS both a financial reluin and maintains a Cily Hospice presence in k)cal communities Growing business capaclty In ￿CognIS1n9 ihe need lo enhance our business capacity. we hav8 agreed lo slr8n9lhen Ihe Senior Managernenl Team. This has led lo the appointment of $8rvw level directors and an associated increase in costs. Dufing 2023124 we have agr88d lo recruit shop managers lo 8nabl8 City Hospice SI0￿5 lo be COfflFdiant and reach the finar¢Jal potential. As we Invest furfher in our ietail op8ralions this risk remains for 2024125. Perfrym￿C8 rekied ￿gets fty key iVKluals. wnpr(xred ixKlgetwy control measures arKI bi-monlmy buthJet monitoring by C[￿￿1118•. During 202N24 we have embedded our new senior managemenl slfwIuTg whith has enabled Ihe organisalion lo buil resilience and pursue our longer 18rm strategic goals. 12

Palllatlvo Caf• Param￿lC •arvk• It Is antlcipaled that th￿ wdl cosl £357k over the ￿xI three years, bul wih signrficant benefil to the seNice o pat￿nIS receive. Cosl monitN•ng by fv Fina Committee. but swvic ovemenl •id enhancemenl monitored by Ihe Cthntal Governance Cornmdieè. The addrfion of Palliative Care Paramedics to our mult#JIsc4￿1ftary tearn has woven success, and enabled the chafty to luffil Ihe end of life wishes of our patients. This is no longer deemed a strategK risk lor 2024125. BoT•aYomént couns•lling

•r¥lc•s •xpan810

FcAiowing our successft National Lollery bid. 8lk)ws us lo expafKI Ihe swvicè through use of a £423k gyant ovw a four year period. Overswtht of service by the ainical Govwnance Commbtte• arnj afi￿￿1 report￿g a$ part of the The Nalional Lottery funded ojecl has athieved its goals for year 1 COnts'n￿ lo b• moniiorffil by our Clinical Governance Commillee and Sen1￿ team. Thls is no I￿ger deemed a strategic risk for 2024r25. Futur• A¢¢ommoddion Proj¢rt ITh racognising that the CL¥rent bwldlng n86ds to be Imwoved to meet Ihe ne8AJs of our patierts and their famli8s. TI have agreed a fY<4ed io revl Ihe ￿lf￿l facikn'tie$. to ident r8 we reed to make improvements and to recommend a way lorwafd f(x the EstablTJrnnt ol a woiecl team. w￿h 0vws￿l at Board level as the rrfoieKI develops. The learn have accomplished a lea5ibilty study for the future of Ty Hostms, which has been presented lo the board for consideration. This is no longer deemed a strategic risk lor 2024125. 6. PLANS FOR THE FUTURE a. The Clini¢al and Couns•lling S•TvIc•8 Our main pr￿f￿Y in the pursuit of Clinical excdlence is Ihe ¢oniinuan( of ow standards and working mTrJels consislenlly across a gowing leam. Our Palients are. and will always be. our key slakeholder. Their Wèllbeing is the pwp)se of Ilxs charity and inlluence every strategic decqsion. We will conliwe to deliver our high slandards of care. We will maintain appropriale Health and Safety Measures as sliwlated by Welsh Governmenl. Gily HosprE plans to rnodemise ils day service rxovision through the developmont ol a new day hospth and wellbeing prwamme lo supp￿1 palnts. carers. and. and peoth living with loss. New servicos will focus on physical, mEntal. ernotional. spiritual. aNJ financial wellbw"ng. and Pfom0ts'￿ self•cwe. Our aim is lo creale a supportive. welcoming environment Ihal we5por￿S lo changing needs. and utilises Ty Hosbis. with scope to expand lo outreach locations in the luluTe. rf need is established. [￿ring 2024125 and onward. our goas for day hospice servicès are lo.. help reduce social isolation. alleviale depression. provide peer support, enhar psy¢hological well-bein9, foster independence. ky0v￿e finartial hardship relief and reduce stress and anxiety. We are hefe to improve Ihe Ives of those affecled by lrfe limiting and terminal illness. lheref￿8 we w￿1 continue with our ptojecl to understsnd the fulure needs of the Ty Hosbis twilding. We need lo¢reate a Ty Hosbis where 8veryone feels this levd of comlort, al ease. wilh a sense of belonging. and offer experiences that will make 13

people want to visil, stay and relurn. Over the next year. we will work to address these opwrtunilies In collaboration with our community and key siakeholders. b. In¢omo G•neratlon Our incorne geneialion team has designed a full year ol engaging aclivities aimed engaging with our loyal supporters and uealing numerous opportunilies for Ihe residents of Cardrff lo extend their support to their local hospice. We will place continued emphasis on sirenglhening our communty lies and facilitating 'in aid of fundraising. Our plan inclLKles hosling a senes of quallty events and compelling campaigns. while also collaborating with influential busine55 leajers acr055 Cardrfl lo optimi5e corporate fundraising efforis. The umvavering support of numerous Irusls during the 2023124 wiod has been immensely appreaaled, and we are commilled lo furthering our efforts lo devek)p projects Ihal enrich our comrnuntly and provide a5SlStance to those affecled by lrfe-limiling and lerrninal illn85ses. The goals for Fundfaising and Retail in 2024125 dernonslrate confidence in Ihe capaEM'lities of our teams an(1 our proactive approach lo addrgssing extemal ecowmic challenge5 that impact income 9eneration. We are fully commilled lo increasing returns from our current relail portfolio. while ensuring consislent standards. messaging. and brand representation across all slores. The Fundraising Plan slralegically incorporates diverse income streams to proaclively miligale the fisks posed by Ihe econorny and places a stron9 ernphasis on the continuous enhancement of the supkK)rter joumey. 7, STRUCTURE, GOVERNANCE AND MANAGEMENT . Governlng docum•nt The George Thomas Memorial Trust was wegislered as a charily on W June 1983 and incorporaled as a company limited by guarantee on 7th Ociober 1991. The changè of name to The City Hospice Trust Limiled was registered al Companies House on 20 June 2017 and approved by the Charity Cornmission on 7 Seplefftber 2017. During 2022123 the charity benefited from th8 patronage of His Royal Highness Ihe Prince of V4a16s. now His Royal Highness King Chafles Ill", a President and 8 Vice Presidents. We greatly value the work of the holders of these offices and thank them for t￿[r Splendid 5UPPOrt which forms a mosl irnpcwtanl link with the community we serve. b. Appolntmont of trust￿6 As set out in the Arlicles of Associalion, Ihe nurnber of Iiustees (members ol Ihe tharityl shall nol be less Ihan 6, or more than 15. The Art￿leS also provide for a regular rotatton of members on an annual basi5, which ensures that Golleclively there is a broad range of skills and experience al the charity's disposal. Recruilmenl is carried oul in accordance with our governing document and slalutory requirernenls and are carried out by public 8d¥ertisemenl. We expe¢1 our trustees lo bring lime. undérslandiTrJ and effort lo Ihe role of governance. Ther various skills embrace gOVerna￿e, strale9ic plannin9. perfomiance management. compliance. finance, eslales. accountability arKI creating overarchin9 policies and standards. . Trusloe induCtk￿ and trdlnlng New Injslees undergo OT￿ntall0n to brief Ihem on Iheif legal obligations under charity and company law. Charity Cornmi5s¥)n guidance and the content of the Memorandum and Artides of Assocolion. Trustees are also encourag8d lo attend appropriale external Iraining evenls where these facililate the underslandifNJ of their role. 14

d. Organlsatlon The Board of Tnjslees adminislws the charity. The Boarij usualty meets every 3 month5 and 15 SUPPOrted by the followirwJ sub-commitlees.. Firwice. Risk. Audit & Investrnenl Committee clin￿al Governance Cornmiltee Income Oversi9hl Commbllee HR Commiltee The Cofflmillees me81 betwaen 4 and 6 times a year and weport on t￿1[ work lo the Board. A Chief Executive is appointed by Ihe InJsle&s lo manage Ihe day-lo-day operalw)ns of thè chafity and has delegated aulhoTity wilhin a scheme of delegalion approved by Ihe Ifuslees for operats.onal maller5. The Chiel Executive is supported by Ihe Senior Leadership Tearn. which includes, the Clinical Oire¢tor and consultant in palliative medicine in respecl of all dinical and patient orienlaied seNices. and the Finance and Commercial OiTector. who 15 a150 the Depuly CEO. HR and Organisalio(￿l ogvelopmenl Manager and Fundraising and Markeling Direclor. e. Pay pollcy for s¢nlor staff The pay of senior staff is reviewed annually and increased in accordance wilh the National Heallh Serwice (NNS) pay award and (foT IhD5e clitNtal 51aff on Agenda for Chan9C tcrwn3 and conditions) ba)ed on the NHS Agenda f(Y Change Pay Scales f. R¢laled partiés and COwop•ratlon wlth other organlsatlms The Irustees constder Ihat the Board ol Trustees {rnade up 01 th6 Trusl's Irusteesl. and Ihe senlor leadership leam (made up of the Chief Execulive. Ihe Clinica Director. Finance & Commer¢o1 Direclor. HR & Organisaiional Developmenl Managor. and Fundfaising & Marketing Direclorl. comprise the key management personnd ol ihe charily in charge of dwecling and conlrolling. running and operaling the Tnjsi on a day-kpday basis. Alry connection between a Iwslee ￿ Sen1￿ Manag￿ of the charity wdh a sponsor. donor or supplier to Ihe chafity musi b8 disclosed to the lull Council in Ihe sarne way as any other conlraclual relationship with a felaled party. No relakd party transaclions were ieported. All Iruslees give of their lime freaty and no truslee received remunoralion in the year. although in some inslances. travel expenses can be paid. No tntstee expenses were, however. incurred in 2023124 15

. REFERENCE AND ADMINISTRATIVE DETAILS Charity number. Company number Registered Off￿&.. 1023311 02651828 Ty Hosbis. Whitchuich Hospilal Grounds. Park Road Cardiff CF14 7BQ Our advlsers: Auditors HSJ Accountants LTD. Bankers Lloyds Bank Solicitors Eversheds. Cardrfl Inveslmenl managers Brewin Dolphin Palron: HRH King Chades 111 President: Caplain Sir Norman Lloyd Edwards Viu Prosld•nls: Dr Mike Bloomfield Baron8ss Ilora Finlay of Uandaff Mr Graham Hinchey Mrs Anne Hinchey Mr Robert Hodge Mrs Morfyd(l M8r8dith HM Lord-Lieulenanl ol Swth Glamorg The Most Rev8rend Or Barry Morgan Mrs M8rgaret Pritchard M8E Rabbi Michoel Rose. Cardiff United Synag)gJe Key managomont p•w$onn￿. tIU8te•8 and dlrectorg (as al 31 March 2024) Chair.. Vice Chair". Company secret￿.. Treasurer.. Mr Michael Bakef Mr Gerald Pullock Mr Andrew Burn5 Mr John t)￿.ght Tfuslees.. Mrs Hannah Bales (appoinled 29th November 2023) Dr Oiana Evans Mrs Amy Hill Mrs Emma James Mrs Dorothy Johnson Dr Clifford Jones Or Elinor Knapp 16

Mrs Ita McNeil-Jones (appo&4ted 2V November 20231 Mrs Helen Miller (resigned 71h Seplember 2023) Mr fv1aur￿e Prendergast Mr R￿bard Thomas Ms Susan Toner (appoinled 29th November 2023) Key management personnol: offic•r3 Chi8f Execuliv8: Clinical Oireclor & consultant in pallialive mediclne" Finance & Commerclal Director l Oepuly CEO.. Consultant Fundralslng & Markeling Director: Head Nurse HR & (￿gan￿atIOnal t)evelopment Manager: Dr Liz Booyse DT Mafgred Capel Miranda McGinn Dr James Davies Arnanoa Fenlon Terfi Gazi Sian Jo Oe¢laratlons The Iruslees declare thal thèy have approved Ihe tfusiees. ￿port above. Signed on behalf of the chariiy's trustees. Si9naluro.' Name.. Position.. Oate.. m￿hael Baker Chair t/T/I 17

Trust•M' i••pon•Obilitio• In relatlon to thg flnanclal slat•m•nts The tru$lees. wts) afe 81so directors of The City Hospic8 Tnjsl Limited for the Purpose of company law, are responsible for prepwing the Trustees. aTrJ Ihe financial 5tatemenls in accofdance with applicaAe law and Uniled Kingdom Accounting SiarKlards (United Kingdom Generally Accepled Accounting Practice). Company Law requires the trustees lo prepaTe financial slalemenls lor each financial year which give a true and fair view of the state of affairs of the charity and of lh8 ir£oming resources and appiicab'on of resources, including the Ir￿Me and eX[e￿I￿uTe, ol the chaYitat4e company for that year. In preparing ihw3e finafKial strnent5. Ihe twstees are wuired to: 5elecl suitable accountin9 polioes and Ihen th8m corL8iStenly: obseprfe the melhods and wincifv in Ihe Cknilies SORP: mae judgefflents and eslimal8s thal are reasonable and wudent: prepare the financial slalemenls on the going corurn basLs unless li bs inappropriate to prasume Ihal the charity will continue In operation. The Injslees are responsible for keeping adequate accounling recwds that di5dose with r8asonable accuracy at any limo tho finart¢¢al p¢silion of the charity and onablo Ih&m to onsur• th21 th• fin2neig1 statements comply with the Companies Act 2006. Thy we also reswnsi1l8 safeguardirg the assets of lh8 charity and hence for tsking reasonable sleps for the preveniion and deleclK)n of fraud aThJ other ir1ew1￿lIies. The trustees are fesponsible for Ihe maintenan(* and integrity of the charity and financial inftKmation induded on th6 charty's webslto. Le9islalh)n in Ihe Uniled Kingdom governiry It￿ pr8pwation and dissemination of financial siatem8rts may differ fr(Th leglslation in olher Nffisdidions. By order of Ihe Coundl (th8 Board of trustees) M Baker (Chair) Date of approval of the rep￿ and financial slatemwrts: 18

Audlt R• Oplnlon We have audrted the firwioal slatomenls of The Cty Hosp"ce ltho 'dwity') for Ihe y&gr 31 March 2024 which c(Mnprise Ihe stalemenl of financia aclivities. ihe balance sheel. Ihe statement of cash flows and the notes to the financial slalemen15. including a stsmmwy of $i￿1r￿nt accounling policies. The financial Teporting framework that has been aprdied in Iheir pr8parakn.on is appICab￿ lav Uniled Kingdom Accounting Standards. including Financid Reporting Slandard 102 Financial Rep(ffting Standard applicable in the UK and Republic ol Irelar¥J Iunited Kirydom Generaly Accepted Accounlng Practs'ce). In tsjr opinion. Ihe financial st8tements -give a In￿ and laii view of the slale of Ihe thariiable lx)rnpan￿S affaw8 as at 31 Marth 2024 and of ils irKoming resources and application ol resources, lor the y8ar then ended: ave been property prepared in acccKdance w￿h Uniled Kingjom Genoraiy Accepted AC￿￿ting PractKe,' and -have been prepared in ac￿rdanCe vrilh Ihe requirements ol Ihe Compani8s Acl 2006. Basls for oplnlon We conducted our audrt in ￿)rd￿Ce wilh Internalional SlwNJwds on Audiling (UKI {ISAs (UKI} and applicalAe law. Our responsitm'ltties under those standards are further descr*)ed in the Auditor's resr4)n$ibililies for Ihe audil of the financial statements section ol <)ur ￿pOrt. We 8re independ8nl of the tharity in accordance with tho elhical requiremenls that are relevant to thjr audit of the financial slalements in the UK. induding Ihe FRC'S Ethical SlandaTd. arKI we have fijlfilled our other 8th￿al respMsibilities in accordance wilh these re9uirements. We believe thai the audil eviderKe we have obtsined is suff￿￿1 and appropriate to provid6 a basrs for our opinion. Concluslons rolatkng lo ￿Ing conc•rn In audlting the financial stateménts, ￿ havè conduded thal thè 1rust￿. use of the gory concern basis of accounting in the preparation of the financial sta18m￿ts is ¥&ryopr￿te. Based on the w￿k we hav8 performed, we have not ideniifieij any material uncertants'es ielaling to events or conditions Ihal. individualty or colleclively. may cast significanl d(xknl th8 chariws ability lo continue as a going concem for a period of at least Iwelve monlhs from when the finanLial statements arg wthorised fc issue. Our re$ponsibilili8s and the responsibilrti6s of Ihe lrnstees wilh respect lo goiThJ concem are desuibed in the relevant sections of this report. Oth•r Inforniallon The olhw information comprises the tnfornialK)n induded in the annua report olh8r than ttE fir￿nCIal slalem8nls our audilorfs report thereon. The truslees are responsible for the ollw information contained within the arwwal report. Ow opink)n on the financial Stalem￿15 does not cover lh6 other Information and we do not express ary form of a$sw￿e conclusion thwem. Our respons￿11￿ is to read the other inf￿rnatIon arKI. in doirvJ so. consider whelhw the information is materialty tnconsislent wilh the financial statements or our knowlédge obtained in Ihe course of Ihe audit. or othen¥is8 appoars to be mateflalty misstat8d. If we identify such malerial Inconsiste￿ie3 (Y apparent material rntsstaternents. we are required lo determine whether Ihts givès rise to a material misstatement in Ihe financia statements themselves. If. based on Ihe work we have performed. we o)ndude that there is a Mat￿la1 misSLqteM￿ ofthis other informatw)n. we are required lo report that fact. We have noihing lo report in this regwd. 19

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

-the information given in the financial statements is inconsistent in any material respect with the trustees' report; or

• -sufficient accounting records have not been kept; or

• -the financial statements are not in agreement with the accounting records; or

• -we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

minutes of meetings of those charged with governance;

the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection;

20

«Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

«Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

HSJ Audit Ltd

Severn House Hazell Drive Newport NP10 8FY

HSJ Accountants is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006

21

TH CITY HOSPI E TRUST LIMITED STATEMENT OF FINANCIAL ACTIVIT FOR THE YEAR ENDED 31 MARCH 2024 Full comparativ• Stat•m•nt of Fln•Kld Actlvlos for tho prior year iy included •t tho back of iho flnanclal •iatém•nts Tot•l8 2024 £)onaityis log￿$ 498.544 eo.390 558.934 569.646 Op8rat•)n ol HoWc• 1.338.762 93.737 1.430.4WJ 1.184.688 Incomiry frorn (4lw tr￿lIng pdiyil hgr Tr8d1￿ AciMii•$ Gloss knp Sabès 330 e07 361.797 330.607 361.797 269.707 321145 Inv8slmonl 62.912 62.942 S5.16J Olher Incc 13.924 13.924 1.830 Tolal 2 604.S76 154.127 2.758 701 2.404. 178 Exp•ndllur• on: R&&ng lunds Co8t8 of wnning slws FuodrAis4J & vdwilary incom• 318.7W 26.894 343.68T 454 592 7gA.270 237.(K83 374.837 611.699 449.493 31.992 Charif6bk Ho5pJC4 carè 2.127.944 24.536 115.509 2.327.990 2.084.015 Totsl 2.894.230 56,529 175.509 3.128268 2.895.914 Nat Ikjssyga￿3en inve51mant 42.268 42,268 1124.826 Not l•p•ndllur•V Inc(ffi• 1247J871 156.5291 121.3821 1325.2W4} 1416,S631 Tran•f•ri boiw••n N•t Mown￿￿1 tn fvnd• 17 1419.1861 1666A731 419,186 362.6S7 {D} 121.3821 1325.Z991 1411fj,5031 R•conElll•¢lM of lund• Tolal fvn05 tsr￿￿rt to￿0￿d l.B99.063 1.170.071 1.510 J67 4,560.9)1 4.997.464 Tothl (uThlscarried lowd 1.233. 1.$33.S28 1.488.g&S 4.2ss.602 4.580.901 Tha 51aler*nt of fjnanci81 acthllles i￿1%1)8> all golns lo￿$ irb iho All thcom a￿1 expeTh3iiwe ¢wive Mnlinwry acJiWitffjs Page 22

THE CITY H SPICE TR T LIMITED EET. 31 UAR COMPANY MO.. CHARITY 110: 2651828 1023311 202 FIXED ASSETS Tangible assets I￿v￿lM￿t5 Tol81 Ilxed PS￿1$ 1.987.922 1.￿,328 3.294.250 1.98B.307 1.274.595 3.262.￿2 CURRENT ASSETS Oèbiors Stoc Cash in hand and bartk Tol&1 CU￿ert assels 10 568.551 231.423 434 1.591.870 1,823.726 13 853.861 1.422.412 LIABILITIES Crndlt¢rn - •mount• lalllng wllhln OTh• y•af 11 399.936 NET CURRENT ASSETS 1.022.476 1.379.124 TOTAL ASSETS LESS CW¢RENT LIA81LITES Promsiorts kx li*lities 14 61.124 61.124 TOTAL NET ASSETS 4.25S.602 4.5eD,901 Unrn8trlcl•d fwidl General Re5ei¥e5 O•signaled lunds 1.233.(190 1.533.528 1.899.fj63 1,170,871 17.6 2.7fj6.617 1.488. 3.070.534 1.510.367 Rutrlcteil lund• 17.3 Tol4 Funds 4.255,602 4.580,￿1 Fly the finanoai year In queSt￿n tho conyty w85 wb'll8d lo oxemplw Sec1￿ 4TT cl Ihe cr￿p￿￿eS Act 2006 relating small compan￿$ No ha￿ re(Mred Ihe oynpany ￿ thlaiD w a[￿lt of ils accwrts fof th8 yw in ques11c￿ n tK¢ThtJ8nc8 vath S￿tI 478 of the Ccryarnes Act 2(Q6. The diredors thw res&￿IbI￿ty lcv wih the rew1rwffi￿ts of the Ad rospecl lo xcountirwj reth$ aThJ Ihe Wepera1￿ ol Th8se xcounls have been prepar•J in accLwdO￿ wlh pwsions applicable lo rxAnpaThes sut¥ed lo the small oyw4es ￿leS form part o11hese finarrAal slatsm￿S Mr M Baker Chair ol vustees on beh￿ ol ihe truslees Mf J tknyl. Tf•)as Apkyoved ty tr￿lee5 ￿ .. Page 23

THE CITY HOSPICE TRU IT TAT MENT OF CASH FLOWS FOR THE YEAR ARCH 2024 Nthes 2024 2023 Cash flows from operatlng actlvltles Cash operating activlties 778.981 4,152 Cash flows from inv•stlng actlvlti Interest received 62.942 55.163 Proceeds on disposal ol investments 485,020 319.007 Purchase of investmen15 1482.897) {333.956) PU￿haS8 of iangible fixed assets (32,504) Nel cash Irorn investing aclTrvilies 32,S69 40.214 Increasa In cash and cash equival¢nts In tho year 1746A12) 36.062 Cagh ond cash equlval•nt8 at th• b•glnnlng 20.2 1,612,869 of the year 1.576.806 Total ush and cash equivalonts at lh• •nd ol the year 06.457 1,612,869 Page 24

THE CITY HOSPICE TRVST LIMITED NOTES TO T ACCOUNT Charity infomiation Th8 City HOs￿Ce Trust Limiled is a private company limiled by wafantee incorporated in Engand and Wales. The regislered office is Ty Hosbi5. Whitclwrch Hospital Gr(wTrds. Park Road. Whildwrch. Cardth. waes, CF14 7BF. Note 1- Basls of preparation 1.1 Ba818 of accountlng The financial slalemenls have been prepared in accordancè wlh the chafiws governin9 document. Ihe Companies Act 2006 and ' Accounling and Reporting by Charities: Slatemenl of RecommeTrJed Practic￿ applicable lo charil*s preparing Iheir accounls in a¢¢ofdance wtlh the Financial Reporting Standard applicable in Ihe UK and Ireland (FRS 102)" (as arnended for accounting (￿lodS commerting from 1 January 2019). Th8 charty is a Public Benefil Enlily as defined by FRS 102. The financ￿1 slalemenls are prepared in slerling. which 15 Ihe funclional currency of thé chanly. Monetary arnounls in Ihese financial Stalern￿)ts are rounded lo Ihe nearest £. The financial slatemenls have been prepared under the historical cost convents'on. The principal accountin9 pol￿185 adopted are set out below. 1.2 Going conc•rn Oui tvnding from Cardrff & Vale Universty Heallh Board is fth¥ Su￿ect lo a now three yeaf agreement slarting in April 2022. The charity rep(￿ted a deficil for Ihe year. in line wth our origTrnal budget for the year and planned to fund from reser4es Our year-end reseNés remain above Ihe Twslees feserves polivrf. Tho trustees are theref¢ye of ihe view. aT¥Y as expressed in the Irustees repTh1. thal charily is a going concern and the financial slalernents have been Prepared on Ihat basis. 1,3 Cfvango In ac¢ountlng pollcy No changes to accounting polKy have OCCUfred in Ihe reporting period. This has nol resulted in any adjuslments lo prior year financial stalements. 1.4 Chang•s lo accountlng estlmal•8 No changes lo accounling estimates have occwred in the rewting period. Page 25

THE CITY HOSPICE TRUST LIMITED NOTES TO THE ACCOUNTS Notè 1- Basls of preparation Icontinu•d) 1.S Charltable funds Unrestricted lunds are avarfable for use at the discretion of Ihe Iruslees in furtherance of their charltable objectives unless Ihe fund5 have been desigrk2ted fu olher purpose5. Designated funds comprise fund5 which have been sel aside al Ihe dLscf8tion of Ihe Iruslees for specific wrposes. The purposes ar￿ uses of Ihe designated lunds are set out in Ihe noles lo the financ4al stateme￿. Reslricled fund5 are subjecl lo specific condilions by donors as lo how Ih8y may be used. The purposes and usos of rosticte(I funds are set out in Ihe notes to the financial stalemenls. pa￿ 26

THE CITY H E TRUST LIMIT NOTES TO THE ACCO Nol• 2 - Accourrting polici Incomlng r•$ources Income Is recowised when the charity is legally entrtled lo il afier any perfomiance conditions have teen mel,Ihe amounts can b8 measured reliably, MJ il is probable ihat the income will be received. Cash donalions are recognised ￿ receipt. Oiher donalions are recognised once Ihe charity ha5 been ￿tif￿d ol ￿ donation. unless perf￿rnanCe corKlilions require deferral of Ihe amounl. IrKome lax recoveratle in relation lo donations received under Gift Aid or deeds of covenant is recogni5ed al the time of Ihe donation. Legacitis are recogni5ed ￿ receipt or olherwise if the charity has been nobfied of an impendifig dtstribulion. Ihe amount is known. and receipt is expected. If Ihe ￿1)Unt is not known. Ihé legacy is trèaled as a contirvJent a5sel. Granis afe only induded in the Staiemenl of Financial Activib"es ¥hen the general come recognition Cfilena are mel. In the case of performance relaled grant5. income mu51 only be recognised to the extent that the charily has wovi¢Jed the specified goods or services as enlillemenl to Ihe grant only occurs when the pgrformance relalod con4Jition5 are mei. Where the performarKe relaled corn1iiions have not been met the income is deferred. Capital grants are released lo the Slatemenl of Financial Aclivities in Ihe year of receipl. Fixed assels relating to Ca￿tal grants are cA￿taIlsed. and depreciation charged is offsel againt Ihe granl incorne. in a reslrict8d fund. Clothing and other itèms donated foi resale Ilyough the charills shops are included as incoming rèsources within the activities for genwatiThJ lunds when Ibey are sokl. Oonated professional services and donated facilitie5 a￿ recognised as income when the charity has conlrol over the itefft. any condilions associaled wilh the donaled item have been mel. the receipl of e¢￿￿mi¢ benelit from Ihe use by the Charity ol Ihe Item is probable and thal economic benefil can be measured rdiably In accordance ￿th the Charitie5 SORP (FRS 102), the genefal volunteer lirne is not recognised and refer io the Iruste8s' amual report for more informalKJn al￿￿1 th81( contr11￿lI0n. On receipt. donalod professional Ser¥￿eS arKI donated facilities are recogni5ed on lh8 basts of the value ol grft lo thè charity which ts Ihe amount the charity would have been wiling lo pay lo oblain servTrces or I￿lI111eS ol equivalenl economic benefit on the open markel.. a corresponding amounl is ihen fecognised in eXt￿ndItUre in the perir)d of receipt. Fundraising In￿Me 15 recoonise(I the evenl takes place. Thg value of any volunlary help received is not included in the accounts bul is described in Ihe trustees, annual rek￿. Inc£sme from interest and divmlends is i￿luded in the financial slalemenls when receipt is probable and tho amounl receiv81￿8 (an be measured rel￿bly. Turnover ts measured al the faff value of the consideralion received or rec4ivable and represenls amounts receivatlè for goods and service5 provid￿ in the nornial cwrse of business. rtl ol discounts. VAT and olher sales related taxes. Page 27

THE CITY HOSPICE TRUST LIMITED NOTES TO THE ACCOUNTS Note 2 - Accounting pollcles {¢oDtlnuod) 2.2 Resources •Kpended Expénditure is recognised orte there is a bgal or (￿nStrU￿1ve obli&31ion lo make a payfflenl lo a thKd party, il is probable thal seiilement V¢il be requred and the amount of the obligation can be measured reliatty. Expenditure is classif￿1 under following activity headings.. • Costs of raising funds comwise ol direct costs associated with attracting grants arKJ fundraising income. being ihe proportion of lime spent for direcl headcount costs CharltatAe expenditure cofflprises the costs incuired by the charity in the delivery of ts aclivities, being both costs directly 3ttr*>utable and indifecl supwjrt cosls • Irrecoverable VAT is char￿d as a cosi against the activity for vthich the expenditure was incurred. 2.3 Governance and support costs Support costs have been allLKated between governance costs and other support. Govef nance costs compfise all cosis invotving public accounlabilty of ihe charily and ils compliance wlh regulalion and good practice. Support costs indude central fUr￿lI0n5 and have been allocated lo aciivity cosl categories on a basis constslenl wlth Ihe use of resources. Property cosls by floor areas. staff c051s per capila {based on I￿￿rS vrt)rked) and other cosls by their usage. Repairs arKI Tenewals to rented properties are written off in the pefiod in which they are incurred. 2.4 Tanglblo fixed assets Tangible fixed assets are inth.ally measured at ¢osl and subsequently measured at cosl or valualion. net of deprecialion and any impairmenl losses. These are capilalised rf they can be used for more than one year. and c051 at leas1 £2.5CN). Depreciation is recogniseql so as lo wr•te off Ihe cost or valu11￿ of assets less their residual values ovef Iheir useful Ibves on the fdlowiNJ bases.. Land No deprecialion Buildings slraKJht line on original cost 1 Oyo slraMJht line on coM￿nen15 relaling to secorKI floor conversion. hearing loops, solaw panels and boiler. 1 OOA stra￿1 line 20% slrathl line 25% feducing balance 33%slrawht line oirice equipmenl Medical and other equipment Mini bus and van Compuler equipment The gain or loss arisino on the disposal ol an asset ts delermined as the dIffere￿e betW8en Ihe sale proceeds and Ihe carrying value of Ihe assel. and is iecognised in nel incomelexpendilure for the ￿ar Page 28

THE ciri HOSPICE TR T LIIIITED NOTES T THE ACCOUNT Note 2 - Accountlng pollcles (continued) 2.$ Flxod a86et wNastmènls Fixed assel investments are inrtially rneasured al transaction pyice exduding Iransaction costs. and are subsequently measuTed al lair value at exh ieportin9 date. Changes in lair value are recognised in net i￿Orne1eXp8nd1IVr8 for the year. Tfans¥tKJn cosls are expensed a5 ￿Curred. 2.6 Stocks stocks are staled al Ihe l(Y•W of Cost and estimated selling price less cosls lo complete a￿• Sell. Nel realisab￿ value ￿ eslimaled selhng price less all estirnate(I costs ol complelion and cosls to be incurred in marketing. sellmg and th'sliibulion. 2.7 Cash and cash •qulvalont$ Cash and cash equivalenls indude cash in har•d. deposils held at call with banks. olher short- term liquid investments wilh orwinal maluriiies of three months Of less. and bank overdrafts. Bank overdrafts are shown Mthin bofmryngs in (xjrrent liabililies. 2.8 Financial instruments The ¢hafily has elected to aFply the Fvovisions of Section 11 Easic Financ￿ Instruments. and Section 12 '0ther Financial Insiwumenls Issues, of FRS 102 lo all its financial instrurnenls. Financial inslrumenls are recognised in the charity s balanLY sheel when th8 charity ￿cOmeS pwty to Ihe contractual provisions of the inslfumenl. Financtal assets and liabilities are offset. wilh the nel am(NJnts presented in itr financial 51atemenls, when there is a legalty enf￿ce3b1e rKJhl lo sel off the recognised amounls and there is an intention lo sellle on a n81 basis or to realise the a55el and setll8 lh8 liablity simultaneously. 2.9 8asl¢ financial ass•ts Basic financial assets, wh￿h ind￿d d8btors and cash and bank balances. are initially measured al Iransaclion price indudin9 Iransaclion costs. assets classrfd as rec8ivable wlhin one year are not amortised. Wher8 amorlisalion is appropriate, subsequent values are amortised using the effective interest melh¢xl unless Ihe a￿a￿em￿nI conslitules a financing transaction. vthere the Iransaclion is measured al the presenl value of the luiure rewpts discwnled at a mthet rale ol inlere5t. Derocognition ol fIn￿da1 a8Wts Financial assets are derecognised only when the contractual ri￿1$ to the cash flows ffom lh8 asset expire or are sellled. or wtren the d￿nty tfarL%fers th8 financTral ass81 and subslanlially all the risks and re￿ardS of owrwship lo anot￿[ entity. or rf some signrfKanl nsks atKI rewards of ownersh￿1 are retained bjl control of the asset has Iransferred to another parly that is abl8 to sell the assel in ils enlwety to an uNelat8d Ihird pty Page 29

THE cl￿ HOSPIC TRUST LIMITED NOTES TO THE ACCO Note 2 - Accountlng polleles (continu•d) 2.10 Baslc flnanclal liablllties Basic financial Ibabililies. induding creditors and bank loans ar8 initially reCO￿lSed al Dqrocognlllon ol financlal liabllitlos Financial liabilities aro derecognised th lh& charity's conlradual Obl￿allOnS expire or are discharged or cancelled 2.11 Employoe beneflts The costs of short-lerm employeo benefi15 recognised as a liability and an 8xpense, vnless Ihose costs we required lo be recognised as part of Ihe cosl of st(Kk or fixed assels. Th8 Cost of any unus8d holiday entill8menl 15 re(x)gnisèd in the pariod in lh8 employee's services are received. 2.12 Tomlnatlon ben•flts Temiination benefits are fecognised immedialely as an eXp￿Se %then Ihe charity is demonstrably commilled lo lerminale the employment of an wnployee or lo provide terrninatson b6n6frts. 2.13 Retlrement beneflts Paymonls lo defined ¢￿trIbUll0n relirem8nl benèfit sthomes are charged as an expense as they fall due 2.14 Leases Rental charg8s are charg8d on a 5tr8ight line b8SIS OV8r t1￿ term of Ihe lease. 2.1 S Taxation As a rwstered charily. The City Hospice Trust Limited is ents.tled to the exgrnption fiom taxation in respecl of income and capiial gains r0￿1véd ￿1th seclions 478-489 of thè Corporalion Tax Act 2010 section 256 of ihe Taxation of Char9eable Gains Act 1992 lo the exlenl that Ihes8 are applied to its charitable object5 purposes only. Page 30

TfvIE cirf HOSPICE TRUST LIMI NOTES TO THE ACCOU Note 2 - Accounting pollcles (¢ontlnu8d) 2.16 Deferred incom• Income received In athiance 15 accounted for as a liats.ity and slM)wn on Ihe balance sheet as deferred income. Deferred income is released to income In tho r8POrting pertod in whth the perfofmance related or olher condrtions Ihal limil rec0gry1￿n are Met. 2.17 Provisions Provisions are r8cognised when the charity has a legal or conslruclive present obligalion as a resull ol a past event. it is probable thal Ihe charity witl be required to settle thal obligath)n and a reliatAe esllmat8 can be made of Ihe amounl of the otAigalw. Proviswjns the expected cosl of charity st￿p dAapidatIc￿S are Tecognised ¢Jn InCept￿n ol the slM)p lease. at the Irustees besl estimate of th8 expenditure required to sellle the charity s obligalion. 2.18 CTiliGal aceountlng estimates and judg•ments In Ihe application of the charIt￿$ arxounting policies. the trustees we required to make iudgèmenls, estimates and assumplions about the carrying amounl of assets and liabilities Ihal are not read￿Y apparenl fr(m oiher sources. Thè eslimates and associated assumplions are based on historical experie￿ and other factors that we considered lo be relevant. Aclual T8$￿tS may drffer from these eslwnate5. Tl eslrmates arwj undeTfyNvJ aSsuMpt￿n$ afé reviewed on an onwing basis. Revisions lo accounting eslimates are reo)gnised in Ihe period in thtch the estirnale is revised ere the revtsion affects only that period, ow in the peri¢xl of Ihe revision future perTrods where the reV￿￿n affecls both ojrrent and future wiods. The eslimates and as$umplions have a significant Dsk of causing a maleri adjuslmenl lo Ihè carrying amounl of assets and liaknlitses are as follo￿". Dllawdations PTovlslon Determinin9 Ihe value of the future dilapbjation costs of the chaiivs six shops requires estimation. The eslimalion technique used by Ihe charity indudes Ihe usè of quotalions repairs as well a5 using data previous settlement Iransa¢lior6. It 1$ unlikely Ihal futuro costs will be material lo the finan¢ial stateménis. The yovision can be found in note 14 of Ihe fina￿la1 stalements. Page 31

THE CITY HOSPICE TRUST LIMITED NOTES TO THE ACCOUNTS 3 Analysls of Income Unrèstrlcled Restrlctod Funds Funds Tolal 2024 Total 2023 3.1 Donallons, legac1￿ and èth•r IncL)m• Donations from foundation & Irusls 121.150 60.3 181,540 233.249 Donalions from ￿mmUnitY groups & individuals 217.288 217.288 188.215 Subscriplions 250 190 Legacies 156.269 156.269 142.216 Relail gift aid 5.776 498.544 60,390 558.934 569.646 3.2 Fundralslng Fundraising events 330.607 330.607 269.707 3.3 Granls and other Incomlng resoure•s from activities to further tho Charit￿S objects Unr•stflclad R•strl¢t Funds Total 2024 Total 2023 Childien in Need Cardiff an¢J Vale ULHB End cf Life 8oard Reimbursed expenses Big Lottery Other grants 18.140 924.682 963.955 133.000 133,000 24,010 22.963 93.737 255.070 46.630 93.737 1.430,499 1,184.688 924.682 133.000 24.010 g3.737 255.070 1.336.762 Unr ricted Restrlcted Funds Funds Total 2024 Total 2023 3.4 Intèrést fo￿1ved and ffllscèllan•ou$ In¢om• Deposit inleresl and Dwidend income Other 62.942 13.924 62.942 13.924 55.163 1.830 76.866 76.865 56.993 Page 32

IOID i ￿ P-- roo 088 6oc>ai5 60 o ¥J

ITYH E TRUST LIMITEO OTES NTS O•taS18 of c•rtAln It•ms of •xp•ndl¢urn I￿• pald eM•mlnalion ol ¢h• •c¢ounl• Aulm￿S le¢$ . oxi¢mal a￿1101$ 0¥8mir4tr)n Authtw's lees . other prof95slono1 le89 8.635 6.485 Pald •mploy••• 6.1 Staff Gloss salarf85 Sou"a5 securlty costs Pen%on 8 lifo a55uran¢g 1.614.472 1.376.994 163.721 136.149 137.649 117.Q36 1.915.841 1.630.779 456.642 2.372.463 1.9e7.W8 ConsUl￿n￿PhysIo e4JenditufePar•nedic Con5ult8nl Expwxlilure feFYes8nls Ihè Char￿ ffladè t)n lh8 k105p•c8 Trktsl Lirniied by Velindro Univeisty NHS Twst ￿ fespe¢l ol OL fvll lrno and OO consLdtrnt suppon se55K)ns. Sliff numb•Y¥ The average number ol ￿p10￿ ￿sed by w8% ospit£ Care Govemance d administr8tJ 2024 2023 29.50 22.so 52 27 18 45 Staff numb•r 24 The ￿rne equivalen¢ wmber ol analy%ed by was: Hospice Care 24 Govwnallc8 8 admthislr•i 23 18 44 One eMP￿Ye¢ had gnwkJy89 bgngffitslgxduthng 8fflrdoypr P￿skIn costs In 8XC85s ol £60.00012023.. 11. 24 8an(I £6Q.C4)).£70.tYJO £70.001- £e0,[￿ Contribut)ns 191311109 £7.10812023.. £3.521lwere fflade to wnWibJli P8ngon sthemes on behf ol emp￿e$ eAcoed £fA).000. The key management persty￿e1 ol the TiusL compise Ihe iw5tees and the senlor mana9efflenl leam lihe Qiel E¥e¢ub¥e. Cr￿￿11#￿￿. Lead Nursé. fin￿¢0 & Ce8r end Page 34

a•OOJ

ri HOSP ST LIMITEO NOTES TO THE ACCOUNTS Invgstment assets Flx¢d assèt Inv•stmenls 2024 2023 Llstad Inveslments car￿n￿ (fair) Value 1.04.2023 AddilTrons to invesimenls at cost Disposals al carryng value Nel gainlldeficit) on revaluat￿n Carrying {lairl Value 31.03.2024 1.253.596 482.897 1485,028) 42.268 1.293.732 1.363,473 333,956 (319,007) (124,826) 1.253,596 Cash In portfolio 12.596 Tolal Investm•nlg 1.306,328 1,274.595 An analysi5 of Ihe investment prfolio is as follows" iJ( equilias. UK ￿ftds. property & cash Overseas equities & overseas bonds 29° 72% 50% stocks Stock sale 2024 2023 Tradlng actlvltles: Opening Added in peric<f Expensgd in pgriod lfflpaiied Closing 434 176 2.780 12,522) (4341 434 Page 36

THE ciri Mospi E TRUST LIMIT NOTE TH ACC NTS 10 Debtors and prepaymentg 2023 AMoU￿t￿ du• ¥itthln one yeaw Trade deblors Prepayments & a¢tfuÈd Income VAT relund < 162.941 46,146 380.480 166.715 25.131 18.562 568.551 231,423 11 Credttors and accruals 2024 202 Amounts du• wlthlTr ¢)n• y•ar Other laM81i(m and swial sec￿lty Delwrèd income Trade Cfedilors Olher ¢fedltDrs 2,379 32,827 30.333 715 122.278 216.131 136.184 39.555 48.763 155.375 399.936 444.603 11.1 D•ferr•d I￿orn9 Deferred income represènis in¢ome received d￿l￿g Ihe yew vthi¢h will tye recognise(l in 2023r24 and relates lo inc(*ne lowards events. lo be hebj in 2023r24. Movwntht ift d•f•md Income account 2024 2023 Balancè al start of the ￿ar kniounls added duriThJ the year knounls released io income ffom Ihe previous year Balance at the end of ihe year 715 27.831 30.333 118.554 715 145.670 3(1,333 715 Pa9e 37

TPIE CITY HOSPICE TRUST LIPAITEO TES TO THE cc TS 12 Contingent Ilabllltl•8 and assots The Charity has no contingenl liakn'lities or assets at the year 8nd. 13 Cash at bank and In hand 2024 2023 Short lerm cash investmen15 (le55 than 3 monlhs malurty dale) Short lerm deposits Cash al bank and on hand Total 479.178 322.493 52.190 853.861 958.857 $05,000 128,012 1.591,870 14 Provisions Provisions are dassrfied based on the amounts thal are expecied lo be settled after more than 12 months from the reporting date. as folltrws.. 2024 2023 DilapKlation provision BIF ulilisallc￿ ol provtsion tlapidation provtsion CIF 61.124 68,507 7.383 61.124 61.124 The nature of the the Chanvs aclivities require5 it lo enter in lease agreements for variou5 property. This provision relates to the rnanagemenl's best estimate of costs in respect to (he legal obligation the Chanly is liable under the terms of each lease 15 Fair valug of assols and liabilitiès 15.1 Exposure to rlsk The charitrfs exposure to risk is as follows: - credit risk {Ihe risk of incurring a loss due lo a debtor r￿1 payng what is owed) is low, the va5ue ol Irade and individual debtors carried on Ihe balance sheel is £162.941. - liquidity risk {the risk of not being abk lo meet short term finan¢o1 d6maThJs) Is low markel risk (the risk that th6 value of an investment wll fall due to charwe In Ihe markel) is significanl al presenl, given the volatility in sto( markels . T￿"$ r￿k is managed ttrwough regular dialogue with our inveslmenl fu￿1 fflar￿gerS. 15.2 Changa In falr valuè Instruments measure al fair value <￿VeS￿nentS) Ilwough profit and loss a £1,293,733 (2023.. £1.253.596) Page 38

CITY HOSPICE TRUST LIMITED NOTES TO THE ACCOUNTS 16 Events after the end of th• r•portlng perlod There are rn events afier the erKI of thej reporting penod Ihal need to be disclosed Page 39

THE CITY HOSPICE Nls 17 c￿lIty l¥nds 17.1 An1y￿S af rnt ass•ts b•i¥m•n lunth lor th• ¢￿￿onI foptylln9 p9￿Dd Fwl a5S8ts Inveslmenls Ngl a￿lS Provisi￿8 T(Y R Strlciqd funds 1.465.W? 23.985 1.488.985 Unre51ncl8d lunds.. fiRed as5els Capiial Programm¢ FutVl8 Flans & com￿lT￿lS sr2.922 522.922 84,780 945,826 1.5J3.528 1.233.0gD 61,780 945,826 1.010.61 522.922 1￿￿.320 61.124 1.987.822 I.3￿.328 1.022.476 81.124 4,255 602 IT.2 AnslJ ofthii•ss*$ be￿￿? Iwnds ft>r Ibew•vlws r•ptyllng p91￿y R•si•i•d. nol• l.S FI￿8$$¢1$ Invtrslrnents ClUTÈrt assfjls rd81 ft•serlcl•d funds 1.485.436 24.931 f.510.367 Unre51rled Ivnts. 0•s19n•i•d 502.871 50?.871 foo. 561.5(XP 66&C 686.193 FutUf• Plans & Comrmenl$ TolaldeswtédlLM G•n•r•lNwrpoJ• 5fj1.5 1. 170.871 1.899.664 SD2.871 f.2T4.595 61. 12 Totsl 1.988.307 1.274.595 I.JT9.Y24 61. 124 4.580.9C)J 1.988.307 1.274.595 1.379.124 01.124 4.S80.K)i P•p 40

TH CITY H pi TRUST UMITEO NOTE THE ACCOUNTS 17 Charlty lunds {co￿1n￿OdI 17.3 Analys1• ol r••trk¢•d fund• tot lh• currnnt r•pi>rtlng porlod I￿￿7)8 Éxpenses TIW￿le[S Cktsino Flxvd Axut• Wdsh &)vernrrenl Blg Lottery Fund R0¥￿￿1 EMp•ndlture End ol Lif8 Board The Cfaft Group Morriso￿5 Foundalmin Grounck4wks th)è Stop Cardiff )fd Sedor C0￿C￿ Scrv4thx Fotmdation The Oakdaie Trust The Caron Kgatirwj FoLwYalK WSP UK Lld Hospice UK - Lindew k19￿￿ce UK MCF 2022 Salwday Fund Hulm Little Poi Jame5 Tudor F￿00 Sl James Place FoLmdalJ Th• F•bru2ry FO￿nd￿l￿)n The Inlighl The8tg Loltery F￿d 1.000 000 (15 (W) 465.lYJO 5.436 2.825 16 329 (276) 15.( 20.1f￿1 2,825 116.K9) 4.710 67 14.710) (67) 4.000 q4,OtKI) 2.OCK) 12.OC(I) 12.500) I8.￿8} 10413 {10.413> 21KK) {2.(NJ)) 29x1 {2.￿￿1> 16(￿j {16.1)xi) 2.411 12,411) 5.(m 15.fm) s,O(Kl (5.tth) 93,737 93.737 154 127 175.$09 1.510.367 0 1.488.985 17.4 Analy$ls ofr•strAcl•d lufids lor Ihe wevious r•P￿lI￿ p¥lod OwiThJ Incthme Exper)ses Trwtsfers Closiry Flx•d A$8•18 Wdsh Governrwl 8ig Lott￿ Fund End of Lile Board R•¥•nu• Exp•ndlt4Jf• Children In Néed The Craft Gr￿9 g Loltery Award5 foF NJI IAorri50ns Foundali GrwnrfvJrks One Stop Cardill Sedor Scstr￿1X F￿ndalK)n O'(W Carle Co op Local Cun. FLMKI WCVA . Tlwive Wthh Governnw I.(￿.[ 495.( I.LMJO. (15,IM)) 480.C(M) 1,423 5,436 {1,577} 18.140 122.7841 2.825 4.742 16.329 2.825 {4.7421 16.329 4.110 4.710 67 4.5CKJ {4,4331 3.¢XK) I3.¢￿} 238 (238) 27.692 {27.692) 28.08B 28.088 81.658 92,$54 (01 1.534.640 13,577 1.510.367 Paje 41

IriH PICE TRUST LIMITED NOTES THEA NT 17 Charity funds (¢0nllnu￿} 17.5 Delalls of r•strS¢t•d fvTrds R••tilctéd fund Wdsh Govemm8nt Pu Funding lo purchas8 land for the hospice centre in 2005. subiecl lo elaythck arTarYJém&nl o¥ar an 80 year pesiod. Big Lottery Fund Fundin9 tthvards buildiry lh8 hospieè cènlre in 2(N)S. sthjjecl lo claback aNang8ments over a 20 year p8ri00 and bèing wriften dovm by Ihe rale of depreciation {2%1 over that period. The End ol Life Board Fundiry to erwro improved conngction and acce5sibilty f hospKes valh Canisc IT syslern and ils evenlval replacemenl. Opening balance Iransferr8d from fixed assels io revonue expenditure restricted knds and transfer of £15.000 l￿ding received in 2022r23 and 0￿InallY inchjjed as general fvnd income. The Craft Grwp Donalion f￿1Ve￿ fof th8 benefft of the usors of the hospice The Morrisons Foundation Grani for purchase and nstallalion ol a 'Garden Room. lor use 8s a chiklrwbs ¢oun5911ing rcK)m Gr￿1r￿￿￿[S UK (One stcp) Itoms k)r Garden Room induding chibjrens tables and book di5N8 The Scfewfix Foundat￿Tr Grant lor new aning Grant towards cosl ol CMJI of hours service The 03￿da￿ Trvsl Th8 Caron K8atsng Foundation WSP UK Ltd Grdnl towdrds cosl ol cons￿lantS provision Df accupuncture Grant for Chlldrens 8¢r¢avomenl books and resources Hospice UK- Linder Foundati Hospice UK- MCF 2022 HospilJ Saturday FuThJ Hulm Littl8 Pol CounseVir¥J support in HMP Cardill Wellare Beneffts Sorvice Grant I0￿dr￿S cost of oul of hour5 seryice Towards Nu￿$ Scr￿>S and clothing Ed￿tIOn and Trawling- cOntri￿tion lo CNS salary Tow8rds Nurses salwies James Tudor FoUndat￿n Sl J8m8s Plac8 Found8tron The Febnjary Foundati Tovrards Nurses sataries The Inl¥Jht Big Lodery Fur CounselliNJ supwl in HMP Cardlff Granl for counselling service The transfers from lh8 819 Lottery lund r8lat•s Io Ihé déprèdaiion on Ihe Ty Hosbis buildiThJ. Transfers into the End ol Lile eoard Fund is for com uler hardware rades foll￿1 NHS s stem Transfers Page 42

E CITY pi E TRUST LWII ESON MTS. 31 MAR 17 Charky funds l¢ontIn￿ed) 17.8 AnalyBls ot d•slgn•t•d luDd6 fow IM ¢Ufr•nt r•portirtg At 2023 Al March 2024 Income Ey4endilwe Trarsfe Ggpilal Programme Fvlurè Pl3rns & Cornmitmenis TarKJible fmed asset lund lo6.￿) 5fj1.5 502.871 1.170.871 {20.6181 {21.102) 135,911} 420.237 20,051 419,186 64.780 94S.826 522,922 1.533,528 56.529 17.7 Anal￿1# of d•snal•d l•Jnd$ lorlh• pY•¥lou4 rnportlng p•Tlod At Atwil 2022 Incornè Eyr¥Jiluf• Transfers Al Mafch 2023 C8pii81 Prwan77e Fulure Plans & Com1Th￿nIS Tawible fixed assel lund 101.500 491.500 535.034 1.128.034 113.5841 18.584 (32.7241 102.724 32,163 89.145 106.500 S61.500 S02.871 1.170.871 The laTrglb￿ fixed assel luThl repre8enls th1￿$1m¥￿t in r￿ed assets lor ￿ by th8 charity. capil31 programrne aThJ tulure plaThs S commilmenls dosw2Daled fu￿J$ represent ¢xJsts sei aside to ensure our biuldirys and olher a$￿ts. aTrJ our $¢r¥I￿ pio¥igon arrnngerttents aro $Irff￿.éA1 ￿ mo81 an anticipaie(I (x?ose In demand. De9igTro18d fLThJs comonse luThJs vknich have been sel asJe ai tho di$¢rWion ol Ib8 Iruslees for specific puwo$8s Tfanslets tho ￿[￿181 w09r￿me I￿rtd have boon madg ty emro l￿d$ are set asKle lo mainlain the Ty Hosbts twJildir¥J Translffis ￿t0 Ihe fubJre plans o)mmitmwls lund is lof additN)nal fuThJs lo enhance r seryè$ on￿ Paiiont experien￿. T{arL51e￿ Iwm taw.blo fixod asso1 fwKI r*lalès tri Iha dèpr•ciat¥)n charye on ihè i•sIr￿ted capilal fU￿ts Pa9e 43

THE CITY HOSPICE TRUST LIIAITED TES OPI THE ACCOUNTS- 31 PIARCH 2024 18 Obllgations undor l•as•s Al 31 March 2024. Ihe company had annual commitments under nrm-cancellatAe operatirng leases as sel oul below. 2024 2023 Land and Buthtings Operating leases vthi¢h exwe: Due in one year Between Iwo lo fNe yews More than 5 year5 28.365 56.233 49.800 93,912 19 Transactions with Irusteos and relatod party 19.1 Trust•0 remunerlon. b•n•flts and •xp•nso9 The chanly truslees ¥%re not paid or receNed any Ottr￿r benefts from the Trusl.12022: £nil). No Iruslees were reimbursed lof Iravel expenses during the year {2022'. £n&). No charity Irus18e received payment for professKJnal or olher serv￿eS supplwl lo the charity12022'. £nill. 19.2 Tran8aGtlong wlth r•l*ed parti•s There are no relaled party transactions or outstsnding balan￿$ with relaled parlies. Page 44

THE Ctry HOSPICE TRUST LIIAITED TES TO HE ACCOUNTS 20 Notes to th• cashfl¢)w statement 20.1 R•conelllatlon of deflcit to cash flow from owatlfftg acllvltl•s 2024 2023 {Deficit) for the year Add back depreciation charge Deduct inleresl income shown In investiw activilies Decreaselincrease) in listed inveslmenls Decrease{incrèasol slock Decreaselincreasel in debtors Increase(decre8se) in creditors Increase{decréas81 in provisions Cash genera¢qd Irom operatlon8 (325.299) 32.889 (62.942) (416.563) 41.727 {55,1631 142.268) 434 (337.1281 44.667 124.826 (2581 {39.160) 347,822 7,383) 4,152 778.981 20.2 Cash and Ca8h EqUIval￿￿5 The amoun15 di5ck)sed on the Cash Flow Siatement ￿ tespect of cash and cash equivalents are in respect of th8se balance sheel aM￿nts.. 31.3.24 31.3.23 Y•ar ended 31st March 2024 Cash and cash ewivalenls (includès inveslmenl cash in portfolio) 868,457 1.612.869 31.3.23 31.3.22 Year •n<lod 31st March 2023 Cash and cash equivalents (includes mve$lment cash in p￿￿01￿) 1.612.869 1.576.805 20.3 Analysls of thang08 In net d•bt The charity Iwd no nel debt during the ￿ar. 45

THE CITY HOSPICE TRUST UMITED FULL COMPARATIVE STATEMENT OF FINAN ED 31 MARCH 2023 IALA TIVITI R THE PRIOR YEAR YEAR e$ Unreslriclod FLThIs R•stricl¢d Tolals 2023 lrtome Oonalions arKI leg8Q8S .128 63.518 589.646 InrxTrmlThJ trom charitst4• acli4riti•s Operal)n ol Hostyce cai8 1.166.548 18 141] 1 184.688 Incomhvd from olhew irathng a¢liMl•e5 Othar TfadnJ Aclivils Gross Sh¢Jp Sales 4b 269,707 323.145 269.707 323.145 Invesirnent In￿Me 55.163 SS.163 Olher In¢ome 1.830 1.830 Total 2.322.520 81,658 2.404.178 Expwoliiure ¢Ji'. Raisifj9 fw¥Js Costs ol nJnning shops Fundralslng & voluntary In￿rne 5.927 374.837 0.764 237.063 374.837 611.899 Chafilablo acthviti•S HosFke cjre 1.956.289 35.172 92.554 2.084.015 Total 2.557.OS3 46.308 92.$54 2.695.914 Nel Ilossvgaing on investrnent N¢l 110￿Y991￿5 Dll sale of asset5 1J 124.826 124.826 359.359 46 10.896 Transfeis b8kneen fmds N¢1 movemeni in fur￿$ 15 75.568 434.927 89.145 41.837 13.577 24.473 416.563 Reconalialy)n DI lunds Tolal lund5 bro￿h1 for¥YaTd 2.334.590 1. 12&034 1.534.840 4.Q97.464 Total funds carried Im¥ard 1899,663 1,170871 1.510.367 4,580.901 Page 46