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

2. 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
1. Clinical Excellence
2. 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.

4. 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 FK*Ss￿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 expw*nced 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¢¢ommod*dion
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
EstablTJ*rnnt 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 pal*nts. 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 st*rnent5. Ihe twstees are wuired to:
5elecl suitable accountin9 polioes and Ihen th8m corL8iStenly:
obseprfe the melhods and wincifv in Ihe Ckn*ilies 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
FuodrAis*4J & 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 bofm*ryngs 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 classrf*d 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 p*ty
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 beh*f ol emp￿e$ eAcoed £fA).000.
The key management persty￿e1 ol the TiusL compise Ihe iw5tees and the senlor
mana9efflenl leam lihe Q*iel E¥e¢ub¥e. Cr￿￿11#￿￿. Lead Nursé. fin￿¢0 &
C<srnnwcwl Oire¢loi. (lireclwof lThrx)rne Gen arys G07•71 IAanagerl. The lolal
bevb8fits ol tho key mw)agernenl persowu￿ of the Trvsl lirtlLMJiw Ihe
consulianls emKAoyed by un￿￿sIty NHS Trnsll was £843.38512023..
r440.8321.
The thaiity opeiates a defined O￿trIbUti)n pEnson scheffl• for al quah'ts
empby8es. althO￿h dlncal Gtsll 8re d.gitde *) lake pan NHS Penslon scheme.
The es5ets ol the dellfi￿ ¢(￿￿1b￿￿ sthemB are hekl 5epHral* Iwom Ilwise 01 th•
chaiity in an independenlty adn￿1steIed ILmd.
The thaige h) profit or ltsss ￿ re$pe¢i of the pern$￿ sthemos was E128.688 (2023 .
£117.0361. Arntwts al Ihe end lolaled £20,232{2023 £17.347)
Ourin9 Ihe yearno seiuement pa￿¢5 w•r• made12023." ÉIIM}. Thw* were no
8ft￿u￿1$ oulslab)diThJ 01 ￿ >e8r 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
$05,000
128,012
1.591,870
14
Provisions
Provisions are dassrfied based on the amounts thal are expecied lo be settled after
more than 12 months from the reporting date. as folltrws..
2024
2023
DilapKlation provision BIF
ulilisallc￿ ol provtsion
t*lapidation provtsion CIF
61.124
68,507
7.383
61.124
61.124
The nature of the the Chanvs aclivities require5 it lo enter in lease agreements for
variou5 property.
This provision relates to the rnanagemenl's best estimate of costs in respect to (he
legal obligation the Chanly is liable under the terms of each lease
15
Fair valug of assols and liabilitiès
15.1 Exposure to rlsk
The charitrfs exposure to risk is as follows:
- credit risk {Ihe risk of incurring a loss due lo a debtor r￿1 payng what is owed) is
low, the va5ue ol Irade and individual debtors carried on Ihe balance sheel is
£162.941.
- liquidity risk {the risk of not being abk lo meet short term finan¢o1 d6maThJs) Is
low
markel risk (the risk that th6 value of an investment wll fall due to charwe In Ihe
markel) is significanl al presenl, given the volatility in sto(* markels . T￿"$ 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 An*1y￿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 An*slJ 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
Unre51r*led 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 FoLw*YalK
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
Grwnrfv*Jrks 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
cla*back 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 a*ning
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•s*nal•d l•Jnd$ lorlh• pY•¥lou4 rnportlng p•Tlod
At Atwil
2022 Incornè Eyr¥Jiluf• Transfers
Al Mafch
2023
C8pii81 Prwan*77e
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 $Irff￿.éA1 ￿ mo81 an anticipaie(I
(x?ose In demand.
De9igTro18d fLThJs comonse luThJs vknich have been sel as*Je ai tho di$¢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 sery*è$ 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 remuner*lon. 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 Aclivil*s
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