## # ## ## |Contents|||Page| |---|---|---|---| |Chairman's
Review|||1-2| |Trustees
Annual
Report|||| |Reference 5Administrative|Details||| |Structure,
Governance
g.|Management||4-5| |Objectives S.Activities|||| |Financial
Review|||7-8| |Plans for future periods|||| |Report ofthe Independent
Auditors|||9-11| |Consolidated
Statement
of Financial|Activities||12| |Consolidated
and Charity Statement|of Financial|Position|13| |Consolidated
Cash Flow Statement|||14| |Notes Forming Part ofthe Financial|Statements||15-25| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |were as foll|ows;—|||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Dr L Miles||Chair of|Trustees|Dr S McVicar||||||| |Ms J Leslie||Honorary|Treasurer|Mr A Thomas||||||| |Mrs A Hughes||Vice Chairman||Mr D Williams||||||| |Mr R Drinkwater||||Mrs 5 Edwards||||||| |Mr RThomas||||Mrs P Brooke (Resigned January 2021)||||||| |Ms EJones||||Mr D Hardy||||||| |Dr H Edwards||||IVlrs J Humphreys
(Resigned|September|||2021)||| |Chief Executive||||Mr1 Pritchard||||||| |Company Secretary||||Ms J Leslle||||||| |Registered|Offic|||Abbey Road||||||| |||||Llandudno||||||| |||||Conwy
LL30 2EN||||||| |Registered|Company|Number||2922828||||||| |Registered|Charity Number|||1038543||||||| |Registered|Auditors|||Pritchett
& Co Business|||Advisers||Limited|| |||||Chartered
Accountants|||&Statutory|||Auditor| |||||16Wynnstay
Road||||||| |||||Colwyn
Bay LL29|8NB|||||| |Bankers||||Lloyds TSB||||||| |||||22 Mostyn Street||||||| |||||Llandudno,
LL30|2RLJ|||||| |Investment|Managers|||Dragon
Investment||Managers||Ltd||| |||||92 Bowen Court||||||| |||||The Business Centre||||||| |||||The Business Quarter||||||| |||||St Asaph
LL17 OJE||||||| |||||Investec Wealth|&.Investment||||Ltd|| |||||The Plaza||||||| |||||100Old Hall Street||||||| |||||Liverpool||||||| |||||L3 9AB||||||| |Solicitors||||Bone & Payne||||||| |||||55 Madoc Street||||||| |||||Llandudno,
LL30|2TW|||||| ## ## ## ## ## ## ## |Dr L Miles - Chair ofTrustees|Dr S McVicar|| |---|---|---| |Ms J Leslle - Honorary Treasurer|Mr A Thomas|| |Mrs A Hughes - Vice Chairman|Mr D Vyilhams|| |Mr R Drinkwater|Mrs S Edwards|| |Mr RThomas|Mrs P Brooke (Resigned January 2021)|| |Ms EJones|Mr D Hardy|| |Dr H Edwards|Mrs J Humphreys|(Resigned September 2021)| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Onrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---| |||Notes|Funds|Funds|2021|2020| ||||f|f|f|f| |Income:||||||| |Donations,
grants and legacies
Charitable
activites|||2,154,873
1,921,778|605,326|2,760,199
1,921,778|1,765,034
1,506,890| |Other trading
activites
Investment
income|||710,858
24||710,858
24|638,353
189| |Other income|||1,860,694||1,860,694|1,452,826| |Total Income|||6,648,227|605,326|7,253,553|5,363,292| |Expenditure:
Costs of raising funds
Charitable
activities|||1,770,387
3,635,303|503,458
7,294|2,273,845
3,642,597|2,119,417
2,899,469| |Total expenditure|||5,405,690|510,752|5,916,442|5,018,886| |Net Gains / (Losses)|on investments|10|318,445||318,445|202,560| |Net Income/(Expenditure)|||1,560,982|94,574|1,655,556|546,966| |Transfers between|funds|||||| |Net movement
In funds for the year||6b|1,560,982|94,574|1,655,556|546,966| |Reconciliation
offunds:||||||| |Total funds brought|forward||6,425,711|82,953|6,508,664|5,961,698| |Tota( funds carried|forward||7,986,693|177,527|8,164,220|6,508,664| ## ## ## ## ||||As at 31Dec|ember 2021|||| |---|---|---|---|---|---|---|---| |||||Group|Charity|Group|Charity| ||||Notes|2021|2021|2020|2020| |||||f|f|f|f| |Fixed Assets|||||||| |Tangible assets
Investments|||9
10|2,850,546
3,608,973|2,840,730
3,608,977|2,854,193
2,890,531|2,840,379
2,890,535| |||||6,459,519|6,449,707|5,744,724|5,730,913| |Current Assets|||||||| |Stock||||41,794|40,741|20,697|19,465| |Debtors
Cash at Bank and in|hand|||1,620,021
1,000,485|1,791,851
730,714|860,996
778,465|908,489
637,133| |||||2,662,300|2,563,306|1,660,158|1,565,087| |Creditors: Amounts
within one year|falling|due|12|(932,599)|828,836)|(846,218)|(742,382)| |Net Current Assets||||1,729,701|1,734,470|813,940|822,705| |Total Assets Less Current||Liabilities||8,189,220|8,184,177|6,558,664|6,553,618| |Welsh Government|Grant||13|(25,000)|(25,000)|(50,000)|(50,000)| |||||8~164p220|8~159177|6~508/664|6(503(618| |Funds:|||||||| |Unrestricted
Funds|||||||| |General
Restricted
Funds|||14
14|7,986,693
177,527|7,981,648
177,527|6,425,711
82,953|6,420,665
82,953| |TotalFunds||||8,164,220|8,159,177|6,508,664|6,503,618| ## ## ||||Notes|2021|2020| |---|---|---|---|---|---| |||||f|f| |Cash from|operating
activities||20|477,433|839,330| |Cash used|in investing
activities
Net Investment
gains/(losses)|||318,445|202,560| ||Investment
withdrawals/(additions)|||(400,000)|(200,000)| ||Interest income|||24|189| ||Purchase offixed asset investments||||0| ||Purchase oftangible
fixed assets|||(173,882)|(627,995)| |Cash used|Disposal oftangible
fixed assets
ln Investing
activities|||(255,413)|(625,246)| |Cash used|In financing
activities||||| |Increase (decrease)
in cash and cash equivalents|||in the year|222,020|214,084| |Cash and|cash equivalents
at the beginning|ofthe year||778,465|564,381| |Cash and|cash equivalents
at the end ofthe|year||1,000,485|778,465| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||2021|2020| |---|---|---|---|---| ||||f|E| |Donations
Grants|and|gifts|590,498
325,131|584,249
316,139| |Legacies|||1,844,570|864,646| ||||2,760199|1,765,034| ## ## |Income fro|m|charitable
actlvltes||| |---|---|---|---|---| ||||2021|2020| ||||E|E| |Fundraislng
income
Merchandising
Income|||467,604
1,454,174|493,113
1,013,777| ||||1,921,T/8|1,506,890| ## ## |to raise funds for the benefit ofthe H|to raise funds for the benefit ofthe H|to raise funds for the benefit ofthe H|ospice.||| |---|---|---|---|---|---| |Profit & Loss Account for Subsidiary|||Company|2021
E|2020
f| |Turnover||||684,160|598,131| |Cost of Sales||||111,887)|102,387| |Gross Profit||||572,273|495,744| |Admin
Expenses||||(165,126)|(157,634)| |Operating
Profit||||407,147|338,110| |Other operating
Income
Other interest receivable||and similar|income|26,698
10|40,222
78| |Profit on ordinary|activities before taxation|||433,855|378,410| |Amount
donated|to Haspice|||(433,855)|(378,410)| |Retained
profit brought||forward||5,044|5,044| |Retained
profit carried||forward||5,044|5 044| |Represented
by
Assets||||283,714|159,376| |Uabilities||||278,666|154,328)| |||||5,048|5,048| |Funds. '|||||| |Share Capital
Reserves||||4
5,044|4
5,044| |||||5,048|5,048| ## ## ## |5|Investment
and Other Income|Investment
and Other Income||||||| |---|---|---|---|---|---|---|---|---| ||||||||2021|2020| ||||||||f|f| ||Investment
Income||||||24|189| ||||||||24|189| |6|Other Income|||||||| ||||||||2021|2020| ||||||||f|f| ||LH8 Contract||||||133,140|133,140| ||National
Assembly/Local|Health|Board||||532,356|372,859| ||Coronavirus
Job Retention
Scheme||||||207,622|355,647| ||Coronavirus
Hospice UK/Welsh||Government|||support|987,576|591,180| ||||||||1,860,694|1,452,826| |6a|Net (Outgoing) / Incoming
Resources|||||||| ||||||||2021|2020| ||||||||f|f| ||These are stated after charging/(crediting).|||||||| ||Auditors'
Remuneration|for Audit Services|||||6,750|6,750| ||Auditors'
Remuneration|for Non-Audit|||Services||22,371|11,000| ||Amortisation
of Government
Grant||||||(25,000)|(25,000)| ||Depreciation.
Hospice Building
Depreciation:
Equipment,
fixtures
Depreciation.
Lottery equipment
Depreciation;
Holyhead
project|||gr vehicles|||73,438
80,303
4,565
19,224|73,438
62,540
5,318
14,692| ||Operating
lease rentals'.
Rent||||||257,728|293,954| ||Other||||||34,780|34,277| ## ## ## ## |Forthe year ended 31De|cember 2021|| |---|---|---| |Staff Costs|2021|2020| ||E|E| |Wages &Salaries
Socla I Security Costs
Pension Costs (See Note 7c)
Other Costs|3,695,949
292,78D
198,378
30,498
4,217,605|3,069,048
237,032
158,246
22,639
3,486,965| ||Total redundancy/termination||payments|payments|amounted|to E2990(2020; Enll)|to E2990(2020; Enll)||| |---|---|---|---|---|---|---|---|---|---| ||The following
number ofemployees|||received emoluments|||ofover E60,000:
2021||2020| ||E60,000 - E69,999|||||||2|| ||E70,000 - E79,999||||||||| ||E80,000 - E89,999||||||||| ||690,00D - E99,999||||||||| ||Pension scheme for employees||earning||over E60,000:|||2021|2020| ||Money purchase
scheme||||||||| ||NHS Superannuation
scheme||||||||| ||Pension costs for employees|earning||over 660,000r||||2021|2020| |||||||||E|E| ||Money purchase
scheme
NHS Superannuation
scheme|||||||6,123
18,800
24 923|4,796
12,279
17,075| |7b|The average number
ofWTE
Medical, Nursing,
Professional
Administration||employees,
analysed
&Technical|||by function was:||2021
55.5
14.0|2020
47.5
13,0| ||Merchandising
Br Fundralsing
Support staff
Lottery staff|||||||63.0
16.0
5.0|SB.D
12.6
7.2| ||Employed
by the Company|||||||153.5|138.3| |7c|Pension schemes|||||||| |---|---|---|---|---|---|---|---|---| ||Nature ofscheme|||Cost||Outstanding
contributions
at
theyearend||| |||||2021|2020|2021||2020| |||||E|E|E||E| ||Money purchase
scheme
NHS Superannuation
scheme|||66,100
198,378|70,405
158,246|12,457
20,964
33,421||14,383
14,383| |7d|Aggregate
employee||benefits of;|||2021||2020| |||||||E||E| ||t|e|sonnel|||509866||463,380| ## ||||Notes on|Consolidated|Consolidated|Flnandal
Statements|Flnandal
Statements|Flnandal
Statements|Flnandal
Statements|||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||For the year ended|||31|December|Zdzl||||||| |8|Expenditure||~SU
costs
Cftmftabl ~
allo
ted to
~ctlvltie
c~hacti
s||~MU|a||~Falsin|||2021
2 tai|2020
mal|~u
Bhasdm|| ||||E||||6||E||6|E||| ||slrdf cosfs
M dlcal, Nursinlb
PgT, SuPPmt
AdmlnP
r rmnel||2,352,470
2,352,47O|386301
386,301||1114466
1,114,466|||323045
323,045|104033
104,033|2,352,470
1,927 845
4,280,315|1,835,387
1M9502
3,524,889|umr
0|| ||Other Direct Costs
M dlcal, domlcgiary
8 nursing
Merchandising
and event
sts
Prise nmnies
&
Becllon fees||144,459
\.44,459||||1,556
1,556||102,402
102,402|111887
111,887|144,459
103,958
111887
360,304|149,443
85,592
102387
337,422|ol
t»|| ||Prerrrlses
Costs
Rents and Rates
Utgity Costs
Maintenanc
&Renerrals
Other|||54,479
160,957
29973
24S,409|||264,265
41,559
53,913
48 380
408,117||||264,265
96,038
214,870
78353
653,526|288 ZSZ
114,510
185,731
49 736
638,229|u ar
0 s*
Ir
4*
U s|| ||Oeprerlotlon
Costs
Oepreciati
n
Amortls
tlon ofGovernmmtorant|||163,934
25 000
138,934|||9,030
9,030|||4,565
4,565|177,529
25 000
152,529|155,595
25 000
130,595|u|~| ||ONer Overheads
Advertising
& Pr
m
tlon
Travel 8 vehlcl
Edu ation
Misc|||30,931
16,245
8+76
319272
375,024|||3,607
24,903
5766
33,678||4,539
4,539|242
56 285
56,527|34,180
45,687
8,576
382325
469,768|15389
39,701
3,374
329 287
387,751|U s
0
6
U»s
U
~|| |||||||||||277 012|5 916442|5018886||| ## ## ## ## |Tangible
Fixed Assets - Group|||||||| |---|---|---|---|---|---|---|---| |||||Hospice|||| |||Freehold||Furniture|||| |||Land and|Motor|Fixtures &|Shop|Holyhead|Lottery| ||Total
E|Buildings
E|Vehicles
f|Equipment
f|Fixtures
E|Project
f|Equipment
f| |Cost:
At 1January 2021
Additions
Disposals
At 31December 2021|4,768,401
173,884
0
4,942,284|2,942,307
0
0
2,942,307|112,497
0
112,497|902,801
144,254
0
1,047,055|227,785
0
0
227,785|555,020
29,062
0
584,082|27,991
568
0
28,559| |Depreciation:
At 1lanuary 2021
Charge for period|1,914,207
177,531|947,542
73,438|50,627
13,813|696,570
57,460|187,337
9,030|17,954
19,225|14,177
4,565| |Eliminated
on disposal|0||||||| |At 31December 2021|||||||| |Net Book Value'.|||||||| |At 31December 2021|2,850,546|1,921,327|48,057|293,025|31,418|546,903|9,817| |At 31December 2020|2,854,194|1,994,765|61,870|206,231|40,448|537,066|13,814| |Tangible
Fixed Assets - Charity|||||||| |||||Hospice|||| |||Freehold||Furniture|||| |||Land and|Motor|Fixtures &|Shop|Holyhead|| ||Total
f|Buildings
E|Vehicles
f|Equipment
f|Fixtures
f|Project
E|| |Cost;
At 1January 2021
Additions|4,740,410
173,316|2,942,307
0|112,497
0|902,801
144,254|227,785
0|555,020
29,062|| |Disposals
At 31December 2021|0
4,913,726|2,942,307|112,497|1,047,055|227,785|584,082|| |Depreciation:
At 1January
2021
Charge for period|1,900,030
172,966|947,542
73,438|50,627
13,813|696,570
57,460|187,337
9,030|17,954
19,225|| |Eliminated
on disposal
At 31December 2021|2,072,996|1,020,980|64,440|754,030|196,367|37,179|| |Net Book Value:
At 31December 2021|2,840,730|1,921,327|48,057|293,025|31,418|546,903|| |At 31December 2020|2,840,380|1,994,765|61,870|206,231|40,448|537,066|| ## ## ## |Fixed Asset In|vestments
-|Group and charity||| |---|---|---|---|---| ||||2021|2020| ||||E|6| |Market Value|as at 1January 2021||2,890,533|2,487,973| |Additions|||700,000|600,000| |Withdrawals|||(300,000)|(400,000)| |Net unreagsed|investment|gains / (losses)|318,445|202,560| |Market Value|as at 31December 2021||3,608,977|2,890,533| |||||2021|2021|2020|2020| |---|---|---|---|---|---|---|---| |||||UK|Overseas|UK|Overseas| |||||E|E|E|E.| |investments|are represented|by;|||||| |Investments|listed on recognised||stock exchanges|1,189,892|1,721,751|883,455|1,559,094| |Cash||||697,295||447,982|| ||||||3,608,938||| ## |Company||||Country ofregistration
or Incorporation|Country ofregistration
or Incorporation|Country ofregistration
or Incorporation|Shares|held| |---|---|---|---|---|---|---|---|---| ||||||||Class|| |Subsidiary
undertakings||||||||| |St David's Promotions|Limited||||England
and Wales||Ordinary|| |The principal
activity of||St David's|Promotions|Limited for the last relevant||financial
period was that of||the| |running
ofa lottery to|raise funds||for the benefit||ofthe Hospice,|||| |Debtors||||||||| ||||||Group|Charity|Group|Charity| ||||||2021|2021|2020|2020| ||||||E|6|E|E| |Amounts
falling due within one year:||||||||| |St David's Promotions|Umited|||||174,9D3||50,272| |The National
Assembly/||Local Heath Board|||113,391|113,391|13,593|13,593| |Legacy Debtors
Other Debtors|||||1,165,068
241,066|1,165,068
241,066|601,240
155,163|601,240
155,139| |Prepayments|||||100,496|97,423|91,000|88,245| ||||||1,620,021|1,791,851|860,996|908,489| |Creditors:|amounts|falling due within||||| |---|---|---|---|---|---|---| |one year|||Group
2021|Charity
2021|Group
2020|Charity
2020| ||||E|E|E|E| |Trade Creditors|||575,103|558,606|609,757|607,568| |Other Creditors|||23,328|22,701|20,484|16,985| |Taxation|and social|security costs|115,533|112,948|27,682|25,659| |Deferred|Income||84,054||96,125|| |Accruals|||134,581|134,581|92,170|92,170| ||||932,599|828,836|846,218|742,382| ## ## ## ## |Welsh Government
Grant||||| |---|---|---|---|---| ||Group
2021|Charity
2021|Group
2020|Charity
2020| ||E|E|E|E| |Received and receivable:
At 1January 2021|250,000|250,000|250,000|250,000| |Receivable
during year
At 31December 2021|250,000|250,000|250,000|250 000| |Amortisatlon:||||| |At 1January 2021
Credit to statement
offinancial activities
At 31December 2021|200,000
25,000
225,000|200,000
25,000
225,000|175,000
25,000
200,000|175,000
25,000
200,000| |Net balance at 31 December 2021|25,000|25,000|50,000|50,000| ## |||||At 1January|||Investment||At 31December|At 31December| |---|---|---|---|---|---|---|---|---|---|---| |||||2021|Income|Expenditure|gains/losses|Transfers||2021| |||||E|E|E||E||E| |Unrestricted|Funds|||||||||| |General fund
Charity
Subsidiary
Group general||fund||6,420,667
5,044
6,425,711|5,937,359
710,868
6,648,227|5,405,690)
(5,128,678)
277,012)|318,445
318,445|433,855
433,855||7,986,693
7,981,648
5,045| |||||At 1January|||Investment||At|31December| |||||2021|Income|Expenditure|gains/losses|Transfers||2021| |Restricted
Charity|Funds|||82,953|605,326|(510,752)||||177,527| |Subsidiary
Group restricted|||fund|82,953|605,326|510,752||||177,527| |Analysis of Net Assets between
Funds||||| |---|---|---|---|---| |||Unrestricted|Restricted|| |||Funds|Funds|Total| |||E|E|E| |Fund balances at 31 December 2021are represented
Tangible fixed assets
Investments
Net current assets|by;|2,774,887
3,608,973
1,559,097
7,942,957|75,659
145,604
221,263|2,850,546
3,608,973
1,704,701
8,164,220| ## |2021|2020| |---|---| |E|E| ## |At 31December 2021,the company
had|annual
commitments|under non-canc|ellabie
operating|leases| |---|---|---|---|---| ||Land and|Buildings|Other|| ||2021|2020|2021|2020| ||f|E|6|E| |Expiry Date:||||| |Within one Year|239,125|181,588|30,280|38,560| |Between one and five years|366,701|249,431|17,403|54,377| |More than five years|71,650|51,700||| ## ## ## ## ## |Cash genera|ted
from|operatio|ns|||||| |---|---|---|---|---|---|---|---|---| ||||||||Tota I|Total| ||||||||2021|2020| ||||||||f|f| |Net income|for the year||||||1,337,111|344,406| |Elimination|of non-operating||cashflows:|||||| |Investment|income||||||(24)|(189)| |Depreciation|oftangible
fixed||assets||||177,532|155,989| |Amortisation|credited|to Statement||of FinancialActivities|||(25,000)|(25,000)| |Operating
cashfiowa||before movements|||in working|capital|1,489,619|475,206| |(Increase) /|Decrease|in Stock|||||(21,097)|2| |(Increase) /|Decrease|in Debtors|||||(759,025)|255,604| |Increase/(Decrease)||in Creditors|||||86,381|311,078| |Net Investment
(gains)/losses|||||||(318,445)|(202,560)| |Cash generated
from||operations|||||477,433|839,330|