2023-12-31-accounts

Hosbis Dewi Sant St David's Hospice (A Company Limited by Guarantee) Annual Report and Consolidated Accounts For the year ended 31 December 2023 Charity Number 1038543 Company Number 2922828 *ADCGAFBT¥ 2610912024 COMPANIES HOUSE

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Hosbls Dewi Sant St David's Hospice Index to Annual Report and Accounts Year Ended 31 December 2023 Contents Page Chairman's Review Trustees Annual Report Reference & Administrative Details Structure, Governance & Management Objectives & Activities Financial Review Plans for future periods Report of the 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 of the Financial Statements 15-25

Hosbi5 Oewi Sant St David's Hospice Chairman's Review For the year ended 31 December 2023 Welcome to the Annuil Report ol st David's Hospice for 2023. As I'm sure you will know, 2023 was a difficult year, in financial terms, for many organisations, families and individuals. Although the challenges of the Covid pandemic are largely behind us, its consequences on our society are still very feal. Cost of living pressures; high Inflation- particularly for health care services.. a squeeze on rhe public sector and Increased competition In recrLtriting skilled staff have all contributed io formidable challenges for St Oavid'5. All hospices in the UK have faced these pressures - as you may have seen in television reports. At least one UK hospice has gone into administration. To face those challenge5, the St Oavid's Hospice Board and ManaBement Team have operated In a new, more focussed ind inteBrated way in drivlng costs down and maximisin8 Income generation, where we can. Despite that, we end 2023 in è considerable ovef-spend position of approxirnately £1.2 million although that would have been £400,000 less had we been able to include a Welsh Government arant that wa5 notified after the year-end. Fortunatelyi we have been able to 'carry' that 2023 overspend, thanks to our communities, support over the years in building a solid reserve. It Is true that our aveia8e financlal performance over the past few years has been Bood, thanks, again, to the level of support we recelve from those communities. These Account5 Outline the details of the financial activities in the H05pice in 2023, and we hope that they give reassurance on the professlonal and serious manner in which we manage our service. I'm delighted lo also report thèt, whilst we have tackled these flnancial challenges, our clinical services have continued to thrive. The Board receives regular 'anonymised' reports on clinical matters, plus extensive clinical performance information on our service, tOEether with feedback from patienis and their families, which glves us considerable reassurance on the quality of care we provide. For all of us at St Davld's, the ability to support our patients and familles, at thelr most tryinB times, iemalns the prlorliy and is an enormous prlvllege and honour. Although 2023 was predicted to be, and became. a difficult financial year, I remain very optimistic for the future of the hospice. Whilst the details ale awaited in next year's report, at the tlme of writln8 we are seelng real signs of improvement In income generaiion In 2024. In addltion, Welsh Government has recogni5ed the challenges facin8 hosplce5 throu6hout Wales and are now working on central commissioning unit, which will, it appears, provide some direct funding for the servSce. That should level out the regional variations Sn NHS financlal support we currently endure. The Board of St David's Hospice is in the process of some change In personnel. Roy Orinkwater retired in 2023. after many years of 8iving sound advice and support, particularly in the matter of estate management. More recently, Sioned Edwards and Arfon Thomas have also retired - unfortunately because of ill.health. Both gave such a lot of their own time and expertise to ihe hospice service, when in Gwynedd and Angle5ey Hospice at Home and at St David's Hospice. We send our best wishes and gratitude to all of them. In 2023 we welccmed Charles Hawkin5 to the Board. Charles has had a very successful career in investment management, and he brings outstanding finantial knowledge, experience and skills to our decision-making. More recently, we have welcomed two additional Trustees- Alwena Potter and Wyn Thomas. Alwena and Wyn have attended many of our committee meetings as 'As50ciate Trustees, over the past year, and I know that both will add considerable value and expertise to the Board. Pa@e I

Hosbis Dewi Sant St David's Hosplce Chairman's Review For the year ended 31 December 2023 Finally, the term5 of office of Mandy Hughes, our vice chair, and myself come to an end at this year's AGM. I do want to personally thank Mandy for her commitment to the service and her unstinting and professional advice to me over the past seven years. Mandy has been greatl For me, retiring from St David's Board will bring subst3nti31 changes at a personal level - a true bltter-sweet moment! But I look back with gratitude and a real sense of privilege at being able to play a small part in such a valued service. I will lon8 remember some of the moments of care. devotion and dedication that I have witnessed - whether that is in the kindness and duty shown to our patients, or the occasions when our volunteers and staff have gone 'above and beyond, in furtherin8 the cause. But more importantly, I hand over the Board chairmanship to Richard Thomas, who has been a long-standin8 Trustee with us. Richard is held in the highest esteem by all of us at St David's and it is a massive reassurance, to me, to see Richard take the reins. I know he and St David's will be a Breat success. Thank you. r Lyndon Miles Chair of Trustees P3ge 2

Hosbis Dewi Sant St David's Hospice Trustees Annual Report for the year ended 310ecember 2023 Reference & Administratlve Details Dirertors and Trustees At the date of the report, there are currently 11 Trustees of St. David's Hospice. The Trustee5 who served during the year were as follows'.- Dr L Miles Chair of Trustees Ms l Leslie Honorary Treasurer Mrs A Hughes Vice Chair of Trustees IRe518ned June 20241 Mr R Drinkwater IRe518ned September 20231 Mr R Thomas Ms E lones Dr H Edwards Or S Macvicar Mr A Thomas IResi8ned May 20241 Mr D Wllliams Mrs S Edward$ IResi8ned AprS120241 Mr D Hardy Mr C Hawkins {Appointed February 20231 Chlef Emecutlve Mr T Pritchard Compjny Secret•ry Ms J Leslle Registered Office Abbey Road Llandudno Conwy LL30 2EN Reglstered Company Number 2922828 Reilstered Ch¥rlty Number 1038543 Re£lstered Auditors Pritchert & Co Buslness Advisers Limited Chartered Accountants & Statutory Auditor 16 Wynnstay Road Colwyn Bay LL29 8NB Bankers Lloyds TS8 22 Mostyn Street Llandudno, LL30 2RU Investment Managers Rathbones Investment Management Ltd Port of Liverpool Building Pier Head Liverpool L3 INW Sollcltors Lanyon Bowdler Solicitors 1 & 2 Connaught House Riverside Business Park, Benarth R03d Conwy. LL32 8VB Page 3

Company Number: 2922828 Hosbis Dewl Sant St David's Hospice Trustees Annual Report for the year ended 31 December 2023 The Trustees of St David's Hospice. who are also Directors for the purpose of the Companies Att 2006, submit their annual report and the audlted accounts ol the Éroup for the year ended 31 Detember 2023. The Trustees have adopted the provisions of the Statement of Recornmended Practice ISORPI 'Accounting and Reporting by Charities" applicable to charities preparing thelr accounts in accordance with the Financial Reportln8 Standard opplicable In the VK and Republic of Ireland IFRS 1021 Ipubllshed In October 20191. Strurture, Governance & Management Constitution St D•vld's Hosplce Is ihe pafent compony of 1 8roup, Ilmlted by guarantee but not havin8 share capltal (Company No. 29228281, Ind Is re8lStered as a Charlty under ihe Charltles Act 2011 (Registered Charity Ilo. 1038S431. The group was Set up in 1996 and is governed by J Memorandum and Ariicles ol A550Clation whlch were lasi amersded In June 2013. The management ol the group Ss vested Sn a Board of Trustees. Group Status The group Is limlted by gu•rantee. The liabllity of the Trustees Is Ilrnited io a sum not exceeding £10. belng the amount that each Trustee undertakes to contribute to the a$5ets of the chaflty In the event of it bein8 wound up while helshè is a Trustee or within one year after helshe ceases to be a Trustee. Recrultment of Trustees Trustees afe appointed by the Members after nomlnatlon In accordance with ihe procedures detailed in the 8roups Articles ol Association. Appointing and keepin8 the rlght Trustees is an Importani part of governin8 rhe group. It need5 3 balance of skills and types ol peopl•. Trustees coniinue to utillse rhe revlsed Inlormatlon pack whlch summarlses the ro1¢5 and responslbilities ol a Trustee, Tht Board of Trustees Is compiled ol th• followln8 who served durlng th• year.. Or L Miles- Chair of Trustee5 Ms J Leslie- Honorèry Treasurer Mrs A Hu8hes- Vlce Chair of Trustéés IR*sl8ned June 20241 Mr R Diinkwater IResl8ned Septernber 20231 Mr R Thomas MS E Jonts Dr H Edwartls Dr S Macvicar Mr A Thornas IResi8ned M•y 20241 Mr D Willlarns hAr5 S Edwards IResl8ned Aprll 20241 Mr O Haidv C Hawkins IAppointed February 10231 Mrs A Poiter and Mr W Thom45 wère appolnted is directors after 31 Oecember 2023 but prior to the date of thls report. Indurtlon and trainln8 of Tru5tee5 Trustee5 teceive a comprehenslve Induction pick to acqualnt them wlth St David's Hospice pollcy and piactlce, its alms and objectives, manè8ement and Bovernan£e, also wilh what is expected of them under eh4rity law. with partlcular reference to Charity Comrnis51011 8uldance publlcailons. Key management remuneration policy The Hgspice rnanagement team is headed by the H05pice Chief Eyecutive and cornprises the followln8 staff.. Director of Care. Medical 0Sre¢ior, Commtrtial Diie¢tor and Direiior of Finanté and Resources. Arran8emenis for settlThg pay and rernuneration are undertaken by the Board of Trustees. Related Parties St David'5 H05pice has one tradln8 subsldiary, St David'5 Prornotions Limiied. St David's Promorions Llmited runs a lotiery to raise funds fov the ber4efit ol the Hospi<e and donates ill profits to St David's Hospice. Page 4

Company Number: 2922828 Hosbis Dewi Sant St David's Hospice Trustees Annual Report for the year ended 31 December 2023 (cont.1 Governance & Internal Control The B03rd of Trustees meets Ilve times a year to direct the management and governance of the group. This includes reviews ol the group's policies and protocols, developments to services. finances and fundralsing. The day to day management of the 8roup Is delei•ted to the group Chief E¥e<utive and the 8ioup ManaRemeni Team. Statement of Trustee Responsibilities UK Company and charlly law requires the Trustees to prepare accounts for each linanclal year, which glve a true and fair view ol the state of affairs ol the Broup ai the end ol ihe lin4nclal year and ol the Surplus or deflc5t lor that perlo¢. In preparln8 rhls nnu)l report. the Trustees have.. Sèlètted suitable attountina policie5 and then applied them consistèntly. Observe the methods Ind prlnclpl•s In the Ch•rltles SORP. Make jud8ements and estimates that are re350nable and prudènt. Stated whether appll¢8ble accountlni standards have been followed, $uble¢i to ony material deparrures dlsclosed and txplalned In the accouThts. * Prepared flnanclal statements on rhe golng concern basis unless It 55 Inappropriate to presurne that the Broup will contlnue In bu5ine55. The Trustèès havè rsponslblllry for ensuring that th• 8roup h•5 appropriate sy$tems ol controls, fln•nc5al •nd orh¢rwlse. They are èlso responsible for keeplng proper accounting records whlch dlsc105e wlth reasonable accuracy at any tlme the flrsancial Posltion ol the 8roup and enable thern to ensure tbat the annual report and a¢¢ounts comply with the Companies Act 2006 and the "Statement of Recommended Pra¢tlce'. Accountin8 and Reportlng by Charitie5" They are also respon51ble for safe8vardln8 the assets ol the group and hence lor iakih8 reasonable steps for the prevenilon and deiectlon of fraud and other Irre8ularitles. In accordance with company law. as the 8roup'5 directors. we certify that.. So far as we are aware, therè 1$ no relevant aLdir Inlormation of which the 8roup'5 auditors are unaware., Jnd a5 the directors ol the group we have taken all the steps thar we ou8ht to have taken In order lo mak• ourselves aware of any relevant •udlt Informatlon and io establlsh that the Broup'5 audltors are aware of that Inforrnation. The group's board sub groups have tontinued to meet fhrou8hout the year - these group5 deal with speclllc opera¢in8 pollcy lor Income fjeneratlon, Cllnical Governance, Flnanco and HR. These sub groups have only Ilmlted 3uthorliy from the 8oard to aci autonomou51yTr however they mostly make recommendations for the 803rd lor it5 consideration and approval. The 8roup is reg5stered with Health Inspe¢torate Wales IHIWI as an independent adult Hospice, providin8 eighteen in-patient beds and up lo ten place5 In Its day unit. It has to demonstrale that it complie5 Wlth the Care Standard$ Act 2000 and assoclated reBulatlons, whlch include 3 set of Natlonal Mlnlmum Standards. In addltlon, The Welsh Government sets down speclflc objectives in relation to the delivery of specialist palliative care which are directly linked to Brant funding. The 8roup Is a member of the national charlty Hosplce UK whi¢h is an advisory body. The perlodlc inspectlons by Health Inspecttsrate Wale$ provlde% an Indtpendent Check that the group is ffllnlrnlsln8 rlsk$ and optratln8 to NatSonal 8uidellnes. Risk Management Trustees and staff aftnually revlew major rlsks to whlch the 8roup may be exposed uslng rhe protess recommended by The Chbiitv Commission. System5 have been establlshed to mitTr83te any risks which have been identSfled and the Strategic Risk Register is re8vlarly monitored and updates given to the Finance and HR Committee on a regular basis. Internal risks are rninimised by the Implementation of proredure5 for the authorisation of financial tran5aCtion5. Page 5

Company Number: 2922828 Hosbis Dewi Sant St David's Hospice Trustees Annual Report for the year ended 310ecember 2023 (cont.) Objectives of the Group The maln obJectives of the group are.. The running of an adult palliatwe care facility providing symptom relief, respite and end of life care Promoting or encouraglng research into the care and treatment of persons sufferin8 from progressive, life threatening illnesses Promoting, encouragin8 or assisting in the teaching or trainin8 of students in any branch of medicine, nursing or allied Providing psychological, social and spiritual help for patients and family of patients. Public benefit statement - Aims, Activities and Achievements The aim of the group is to provide the hlghest qualitv speclali5t palliative care for the people of North West Wales. The main activity continue5 to be the delivery of specialist medical and nursing seNices to patients and their families and carer5 by a skilled and dedicated multi-professional palliative care team. The group has eighteen registered beds. 14 in Llandudno and 4 in Holyhead, providing symptom relief, respite and end of life care. There is also a Day Therapy service (Hafan Oewi Santl providing appointments In Llandudno and Ban8or. The services include physiotherapy, bereavement/counselling, art and complementary therapy. We also offer a FAB IFatl8ue, Anxiety and 8re3thlessnessl group and have Introduced a new Parkinson's Clinic which started in October 2023. The Hospice received 394 referrals in 2023 of which 288 were odmitted to our inpatient unit in Llandudno and Holyhead. Bereavement support, advice and counselling services were provided to ovei s￿ people during the year by our soclal worker and counsellor. 663 physiotherapy sessions were carried out and 1942 people received art and complimentary therapy. The Trustees believe that the objectives and services provided by the group, reflected In the above notes, are compllant with the duty In settion 17151 of the 2011 Charitie5 Art to have due regard to the Charities Commission Guidance on Public 8enefit. The Trustees belleve the following strategies further demonstrate publlc benefit. Maintain and improve upon the highest quality and standards of care and services for patients, thelr families and carers. Ensure that the resources within the group ère effectively managed and that in the future services continue to be available for patients. As a specialist Palliative Care Provider we will encourage all staff to continue in their professional development. We wlll contlnue to listen and responrj to the opinions ot our patients, the general publlc. statt and other protessionals about what they want from us. Working Wlth other palliative care providers and partners we will continue to plan and deliver services that benefit all patients in our area. Page 6

Company Number: 2922828 Hosbis Dewi Sant St David's Hospice Trustees Annual Report for the year ended 31 December 2023 (cont.) Financial Review Review of Activities and Financial Position - Hospice Details of the results for the year are shown in the Statement of Financial Attivities and notes forming part of the Financial Statements. For 2023 the Trustees report a consolidated deficit for the year of £1,208,919 12022,. surplus £11,771) and consolidated accumulated funds of £6,967,07212022'. £8,175,991). The financial position of the group is set out in the balance sheet on Page 13. The free reserves of the group amounted to £3,454,955 12022,. £3,749,354) which equates to approximately six months of expenditure. Total Incomlng Resources Total incoming resources decreased on 2022 by £l.516,528 or 22%. Income from our shops, ecommerce and legacies decreased compared to their 2022 totals. Fundraising and Fundraising Standards Information In 2023 fundraised income totalled £409,016. No external professional fundraisers were employed durin8 the financlal year. Four commerclal agreements are in place wlth local businesses Itotal value £3,56012022., £1,90411. In 2023, no formal fundraising complaints were received relating to actlvlties by the charity. Hospice Shops Income from our Hospice shops contlnues to be a major revenue source to the charity - we are always looking to maximise our income and look for additional new shops. We are continuing to develop our ecommerce income to adapt to current buying trends. St David's Promotions Ltd St David's Promotion5 Ltd is a wholly owned subsidiary and operates the St David's Hospice Lottery. Page 7

Company Number: 2922828 Hosbis Dewi Sant St David's Hospice Trustees Annual Report for the year ended 31 December 2023 (cont.} Investment Policy As part of the remit of Finance Sub Committee, all investments are reviewed on a twice-yearly basis with external advlsers. The group appointed a new investment firm (Rathbones Investment Management Ltd.) in 2023 replacing Oraaon Investment Managers Ltd and Investec. Rathbones have been given discretionary management of the portfolio by the Finance Sub Committee. This committee report5 to the Board of Trustees on a quarterly basls or as necessary and determines the appropriate balance between short and long-term reserves. The investment objective for short-term reserves Is to preserve the capital value with a minimum level ol risk. The investment objective for long.term reserves is expected to at least generate a return In excess of inflation over a 5.year rolling term, using Level 3 lon the risk scale of 1-61. The split of Investments Is currently a5 follows: Flxed Interést Securities EqLJitie5 Dlversifiers Cash pendlng held as part of the investment portfolS0 19.3 60.4 12.8 ReseNes During the year the group's total reserves decreased from £8,17S,991 to £6.967,072 of which £2,856,265 is held In tangible flxed assets. The remaining reserves amount to £4,110.807 which Trustees consider to be a reasonable amount glven the current economlc ¢llmate. Plans for Future Periods The cost ol Ilvln8 crls15 a¢fOSS the UK Impacted on our ability to ralse funds during 2023. although fundr¥lsin8 and donatlons were much stronger toward5 the end ol the year. Income from Le8acy Bifts reduced by 65% to £774.695 from the amount rèceived in 2022 1£2,196,7581. We were notified of legacy Eifts of £107,000 which have not been recognised as income, as probate had not been granted at the end of the year. In addition. substantial Brant fundin8 towards our refurbishment prograrnme was secured late In 20231£400,0001. The conditions of the Brant wlll not be met untll works are completed in 2024 at which time the grant income will be recognisetl. Additional funding of E425,000 has been reteived in 2024 from the Welsh Government to help with the cost of living crisis. Thi5 Is not provided for in the 2023 accounts as the Welsh Government had advised that the additional fundin8 was unavailable at the 31" December 2023. It is the 25 Anniversary of 51 Davids Hospice in 2024 which provides an opportunity for us to enhance our community enBagement and develop further supporters. In order to ensure the longevity of the Hospice premises in Llandudno, reseNes have been designated to begin a programme of much needed iefurbishment. In 2022 we designated £l.Sm for this purpose which, given the overall reduction in our ieserves at the end of 2023, has now been reduced to £O.Sm with the shortfall being replaced with Grant funding. The refurbishment will commence in the second half of 2024. Dr L Miles Chair of Trustees Page 8

Company Nurnber: 2922828 Hosbis Dewi Sant St David's Hospice Independent Auditor's Report To the Members of St David's Hospice We have audited the finantial statements of St David's Hospice Limited (the 'parent charitable company'l and its subsidiary St Oavid's Promotions Llmlted (the 'grovp'l for the year ended 31 December 2023 whith comprise Consolidated Sratement of Financlal Activities, Consolidated and Charity Statement of Financial Position, Consolidated Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financi31 reporting framework that has been applied in their preparation is applicable13w and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accountin8 Pfacticel. In ¢)UT opinion, the financlal statements: glve a true and fair view of the state of the 8roup's and the parent charitable company's affairs as at 31 December 2023 and of the groups Sncoming resources and application of resources. includlng Its income and expenditure, for ihe year then ended, land of the undertaking5 included in the consolidation as a whole, 50 far as concerns the members of the Broup',I have been properly prepared in accordance with Unlted Kingdom Generally Accepted Accounting Prartice; and have been prepared In accordance with the requirements of the Companies Act 2006, Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI11SAs IUKII and applicable law. Our responsibilities under those standards ale further described in the auditor's responsibilities loi the audit ol the financSal statements sectlon of our repoit. We are Independent of the group and parent charltable company in accordance with the ethical requlrements that are relevant to our audit of the financial statements in the UK, Including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we hive obtained is sufficient and approprlale to provide a bas15 for our opinion. Conclusions relatln8 to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounlin8 in the preparation ol the fbnanclal stètements Is approprlate. 8ased on the work we have performed, we have not identified any material uncertaSnties Telating to events or condifions that, individually or collectively, may cast significant doub't on the group's or parent tharity's ibility to continue as a going concern for period of at least twelve months from when the financlal statements are èvthorised for issue. Our responsSbillties and the responsibllities of the trustees with respect to 80in@ concern are described in the relevant sections of thls report Other Infomiatlon The other information comprises the information included in the trustees, annual report other than the financial statements ?nd our auditorfs report thereon. The trustees are responslble for the other information contained wlthlng the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otheiwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with rhe financlal statements or our knowledge obtained in the course of the audlt or otherwSse appears to be materially misstated. If we identify such rnaterial inconsistencies or apparent material misstatements, we ale required to determine whether there is a mateiial misstaiement in the financial statements themselves. If, based on the woik we have performed, we conclude that there is a material misstatement of thi5 Other information, we are required to report that fact. We have nothlng to report in thi5 regard. Page 9

Company Number: 2922828 Hosbis Dewi Sant St David's Hospice Independent Auditor's Report To the Member5 of St David's Hospice (cont.) Opinions on other matters prescrlbed by the Companies Art 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the trustees, report for the financial year for which the flnancial statements are prepared is consistent wlth the financial statements,. and • the trustee5 report has been prepared in accordance wlth applicable legal requirements,. Matters on which we are required to report by ejtception In the IIBht of our knowled8e and understanding of the Eroup and parent charitable company and its environment obtained in the Course of the audit, we have not identified material misstaiements In the trustees report. We have nothin8 to report in re5pert of the followln8 matters in relation to whlch the Companles Act 2006 and the Charitles Act 2011 requires us to report to you if, in o¢Ji opSnS0n'. • adequate and sufficient accountin8 records have not been kept by the parent charitable company, or returns adeouate for our audit have not been received from branches not visited by u5,. or the parent charitable companvs financial statements are not in a8rèement with the accounting records and returns,. or certain distlosures of directors, remuneration specified by law ale not ma¢Je', or • we have not received all the Informatlon and explanations we require for our audSt. Responsibllilies ol trustees As explained more lully in the trustees, responsibilities statement set out on pige 5 the trustees (who are also the directors of the charitable company for the purpose5 01 company lawl are responsible for the preparatian of the financial Statements and for being satisfied that they 8ive a true and fair view. and for Such intèrnal control as the trustees determine Is necessary to enable the prep?ration of financial statements that are free from material mlsstatement, whether due to fraud or error. In preparlng the llnancial statements, the trustee5 are responsible for assesslng the group's and parent charitable company's abllity to continue as a going concern. disclosing, as applicable, matters related to 80ing concern and using the going concern basis of ac¢ountlng unless the Iwstees either intend to liquidate the 8roup or the parent charitable company or to cease operations, or have no realistic alternative but to do so. Audltor's responsibllltles for the audlt of the fiNanclal statements Our objectives are to obtain reasonable a55urance about whether the financial statements as a whole are free from material mlsstatement, whether due to fraud or error, and to issue an auditols report that includes our opinion. Reasonable assurance is 3 high level of assurance, bLSt is not a guarantee that an audit conducted in accordance with ISA5 IUKI will èlways detect a material misstatement when it exists. Misstatement5 can arise Irom fraud or er¥or 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. The extent to which our procedures are capable of detectlng Irregularities, including fraud is detailed below,. Irregularities are instances of non-compliance with laws and regulations. The oblertlves.of our audlt are to obtain Suff￿lent approprlate audit evidence regarding compliance with laws and regulation5 that have a direct effect on the detemination of material amounts and disclosures in the financial statements. to perform audit procedures to help i(Jentify instances of non-compliance with other law5 and regulations that may have a material effett on the financial statements, and to respond appropriately to identified or suspetted non-compliance with laws and regulations identified during the audit. In relation to fraud, the objectlves of our audit ale to identify and assess the risk of material rnisstatement of the financial statements due to fraud, to obtain sufficient appropriate evsdence regarding the asse55ed rlsks of material mi5Statement due to fraud through desl8nlng and implementlng appropriate responses and to ￿sPOnd approp¥iately to fraud or suspected fraud during the audit. Howevér, it is the primary responsibility of management. wth the oversight of those charged with governance, to ensure that the entlty's operations are conducted in accordance with the provisions of laws and regulations and for the prevention arsd detection of fraud. Page 10

Company Number: 2922828 Hosbis Dewl Sant St David's Hospice Independent Auditor's Report To the Members of St David's Hospice Icont.) Audito¢s i£spon$lbllltle$ lor the audlt of the flnanclal statements Icont.I In Identilyin8 and assessing risks ol maierlal misstatement in respect ol irregularities, inclvding fravd, the audlt en8a8emenr ieam: Obtained an undersranding of the nature ol the sector. Includln8 the le8al and regulatory Irameworks that th¢ charitablé company operates In and how the charitable company15 ¢0mplylng wlth the legal and re8ulatory frameworks: Inquired of managernent, and those charged with governance, about their own identifitatlon and assessment of the risks of irregularities, including any known. actual, suspected or alleged instances of fraud., Discussed matter5 about non-cornpllance wSth law5 and regulatlon5 and how fraud mliht occur Inrludln8 a5se55rnent of how &nd where the linanclal statements may be Susceptible to fraud. A5 a result of these procedures, we consider the most significant laws and regulaiions that have a direct impact on the linaneial staternents are,. FRS102. Charities SORP IFRS 1021, Comparties Act 2006. Charities Act 2011. and the charitable comparsy's governing document. We performed audlt procedures ro detect non-fompllances wh(¢h may have a materlal impact on the flnanclal statemenrs whlch Included rtvlewln8 the Itnan¢lal staternent5, In¢lvdln8 the Tiust¢es' Report. and remolnSn8 •lert to new or unusual transactlons whith may not ts¢ In èccordarttè wlth the 8overnlnR documents. The most $18nillcant laws and re8ulations that have an indirect impa<t on the Ilnanclal statements are Health Inspecioraie of Wales, UK General Daia Protettlon Resul•tion IUK GOPRI. Health and Salety ai Work Act 1974. The Worklni Tlme Regulatlon$ 1998, Employment Law ènd The Codé of Fundr)isin¢ Practlce. We performed audlt procedures to Inqulre of manè8ement and those char8ed wlth 8overnance whether the ch•riiable £omp•ny Is In <ompllance wlth rh¢se law and re8vlailons and Inspected correspondence wlth fe8ulatory •uthoritle5. The avdit engagement team Ident5fied the rlsk of rnanaBement override ol controls as the area where the financial staternent5 were most su$ceptible ¢0 materlal rnl$siatemeni due to fraud. Audli procedure5 performed included but were not limlted to te5tin8 manual journal entries and other adjustments. evaluaiin8 the business ratlonale in relation to 518nilicant, unusual transacilons and tran5a¢tlons entered outside tht normal coyrse ol buslThess, Ind chèllengln8 judgements and esilmaies. A further de5crlption of ovr responsibilities for the audit ol the financial statements is 10£3ted on the Financial Repo¢iin8 Councll's webslte at http'.Ilwww.fr£.or8.ukl3uditorsresponsibilities. Thi5 description forrns part ol our auditorf5 report. lJs• of our report This report is made Solety io the charltèble <ornpèny's members, a$ a bgdy. in accordance with Chapter 3 of Part 16 of the Cornpan5es Act 2006. Our ludll work has been undertaken 50 that we mlKht state io the charlrable company's members those matters we are requlred to state to them In an audlror's report and for no other purpose. To rhe fullest extent permltttd by law, we do not accept or a55urne re5ponslblli¢y to anyone other than the chèrltable company and the charitable company'5 mernbers as a body lor our audit work, for thi5 report. or for the opinion5 we have formed. Robert Kenwell. 5eThior Staturofy Audltor For and on behèll of Pritchett & Co 8u51ness Allvisers Limited Chartèred Acc¢*untants and Statutory Auditors 16 Wynnstay Road Coll￿N 8ay Conwy IL29 8NB Page 11

Hosbis Dewi Sant St David's Hospice Consolldated Statement of Financial Actlvltles (IncorporatSn8 an Income and Expenditure Account) For the year ended 31 December 2023 Unrestritted Restrlcted Funds Funds Total 2023 Tolal 2022 Notes Income: Donations, grants and legacies Charitable activites Other trading activltes Investment income Other income 1,331.234 1,950,015 562,100 43,624 1,375,073 222,772 1.554.006 1.950,015 562,100 43,624 1,375,073 3,028,211 2,030,428 592,526 2,782 1,347,399 Total Income 5,262,046 222,772 5.484,818 7,001,346 Expendlture: Costs of raising funds Charltable activities 2,291,255 4,274,990 2,291,255 4,482,567 2,306,086 4,204,712 207,577 Total expenditure 6,566,245 207,577 6,773,822 6.510.798 Net Gains / (Losses) on investments io 80,085 80,085 1478,7771 Net Income/{Expendlture 11,224,114 15,195 11,208,919) 11,771 Transfers between funds Net movement In funds for the year 6b 11,224,114) 15,195 11,208,919) 11,771 Reconclllatlon of funds: Total funds brought forward 8,035,334 140,657 8,175,991 8.164.220 Total funds carried forward 6,811,220 155,852 6,967,072 8,175,991 The statement of flnanclal activities includes all gains and losses recognised in the period. All incoming resources and resources expended derive from the continuing activities. Page 12

Company Number: 2922828 Hosbis Dewi Sant St David's Hospice Consolidated and Charity statement of Financial Position As at 31 December 2023 Group 2023 Charlty 2023 Group 2022 Charlty 2022 Notes Fixed Assets Tangible assets Investments 2,856,265 1,746,847 4,603,112 2,855,916 1,746,851 4,602,767 2,926,637 2,921,985 2,780,196 2,780,200 5.706,833 5,702,185 io Current Assets Stock Debtors Cash at Bank and in hand 22,431 21,956 1.492,325 1,561,617 1,881,074 1,723,383 3,395,830 3,306,956 38,778 38,004 2,590,783 2,685,320 849,357 671,694 3.478,918 3,395,018 li Creditors.. Amounts falling due within one year 12 11,031,870) 1947,9271 11,009,760) 1926.4911 Net Current Assets 2,363,960 2,3S9,029 2,469,158 2,468,527 Tatal Assets Less Current Llabllltles 6,967,072 6,961,796 8.175,991 8,170,712 Welsh Government Grant 13 6,967,072 6,961,796 8,175,991 8,170,712 Funds: Unrestrlcted Funds General Restricted Funds 14 14 6,811,220 6,805,942 155,852 155,852 8.035,334 8,030.053 140,657 140,657 Total Funds 6,967,072 6,961,796 ,175,991 8,170,712 The flnancial statements on pages 12 to 25 were approved and authorised for issue by the Board on oloql 2024 and are signed on its behalf bv.. Dr L Miles Ichair of Trustees) Ms J Leslie (Honorary Treasurer) Page 13

Hosbis Dewi Sant St David's Hospice Consolidated Cash Flow Statement For the year ended 31 December 2023 Notes 2023 2022 Cash from operating activities 20 158,20SI 256,077 Cash used in investing artivities Net investment gains/llossesl Investment withdrawalslladditions} Interest income Purchase of fixed asset investments Purchase of tangible f ixed assets Disposal of tangible fixed assets Cash used in investing activities 80,08S 1,113,435 43,624 1478,7771 350,000 2,782 1147,2221 1281,2101 1,089,922 1407,2051 Cash used In financing actlvltles Increase (decrease) In cash and cash equlvalent5 In the year 1,031,717 1151,1281 Cash and cash equivalents at the beginnlng of the year 849,357 1,000,485 Cash and cash equivalents at the end of the year 1,881,074 849.357 Page 14

Hosbis Dewi Sant St David's Hospice Notes on Consolidated Financial Statements For the year ended 31 December 2023 l Accounting Policies a) The financial statements have been prepared under the going concern and historical cost convention with the exception of investments which are included at market value. The financial statements have been prepared in accordance with the Siatement of Recommended Practice ISORPI, "Accounting and Reporting by Charities" and the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (published October 20191 Charities SORP IFRS 1021, the Companies Act 2006 and Charities Act 2011. b) Group Accounts These financial statements consolldate the results of the charity and its subsSdlary company. St DavSd's Promotlons Limited. Intra-group tradin8 15 eliminated on consolidation. c) Company Status The charity is a company limited by guarantee. The members of the company are the trustees named on page 4. In the event of the charity bein8 wound up, the liability of the Trustees in respect of the guarantee is limited to a sum nat exceeding £10. d} Fund Accountlng The 8eneral funds are unrestricted funds which are avallable for use at the d15cretlon of the tru5tee5 In furtherance of the general objectives of the charity and which have not been designated for other purposes. Des18nated fund5 comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are funds whlch are to be used in accordance wlth specific restrictions imposed by donors or which have been raised by the charity for particular purpose5. The cost of raising and administering such funds are char8ed agalnst the specific fund. Investment income and gains are allocated to the appropriate fund. el Incoming Resources All incomin8 resources, including grants that provide core funding, are included in the SOFA when the charlty is legally entitled to the income and the amount can be quantified with reasonable accuracv. ell) Legacie5 For le8acies, entitlement is the earlier of the charlty being notified of an impending distribution which can be quantified or the legacy being received. eliil Gifts in kind Gifts in klnd donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as Income when they are sold. No amounts are included in the financial statements for services donated by volunteers. e{iiil Grant5 receivable Non capStal expenditure grants received are set agalnst related expenditure in the SOFA as and when expenditure occurs. Capital expenditvre grants are recognised on the balance sheet when they are received and amortised over the expected useful lives of the capital item to which they relate or over the term or conditions of the grant, whichever is the shorter period. Page 15

Hosbis Dewi Sant St David's Hospice Notes on Consolidated Financial Statements {cont.) For the year ended 310ecember 2023 Resources Expended All expenditure is accounted for on an accruals basis, inclusive of any VAT which cannot be recovered, and has been classified under headings that aggregate all costs related to the category. Where costs cannot be dirertly attributed to particular headings they have been allocated on a basis consistent with use of the resources. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Patient care costs are those costs incurred directly in support of expenditure on the objects of the charity. Management and administration costs are those incurred in connection with administratSon of the charity and compliance with constitution31 and statutory requirements. gl TanEtble Flxed Assets Depreciation is provided on all tangible fixed assets at rates calculated to write off the costs over their expected useful economlc lives as follows.. Hospice Bullding Hafan Dewi Sant, Bangor Furniture, fittings and equipment Motor vehScle Shops Fixtures Holyhead Project Over 50 years Over 28 years 25% reducing balance 25% reducing balance 25% reducing balance Over 30 years h) Investments Investments are stated at market value at the balance sheet date. The SOFA includes the net gains and losses arising on revaluation5 and disp05als throu8hout the year. The Investments In subsidiary undertakings are valued at the nominal value of the share capital. 11 Stock Stock consists of purchased 8oods for fundraising and medical stocks. Stocks are valued at the lower of cost or net realisable value. Items donated for resale or distribution are not Included in the flnanclal statements until they are sold or distributed. jl Pension Costs The Company has deflned contributions to three penslon schemes designed to provide retirement benefit5 based upon the level of contributions made. The three schemes are the NHS Pension Scheme, St David's Hospice Group Pension Plan and National Employment Savings Tr(tst INESTI. The costs of providing these benefit5 are charged to the statement of financial activities in the year in which they are incurred. Whilst a defined benefit scheme, the NHS Pension Scheme's liability for the charity is that of a defined contribution scheme. The funds are held separately from the Hosplce's and the scheme is administered by the Government and therefore does not require the same level of disclosure as that of a benefit scheme by the charity. The Company also makes defined contributions to the St David's H05pice Group Pension Plan. The funds are held separately from the Hospice's and administered by Standard Life. Two employees have pensions with St James's Place which are administered on a salary sacrifice basis. kl Finance and Operating Leases Renta15 applicable to operating leases are charged to the SOFA over the period in which the c05t5 are incurred. Assets purchased under finance lease are capitalised as fixed assets. Obligations under such agreements are included in creditors. The difference between the capitalised cost and the total obligation under the lease represents the finance charges. Finance charges are written off to the SOFA over the period of the lease $0 as to produce a constant periodic rate of charge. 11 Irrecoverable VAT Irrecoverable VAT is analysed separately and included within the miscellaneous support costs allocèted to charitable activities. Page 16

Hosbis Dewi Sant St David's Hospice Notes on Consolidated Finan¢lal Statements For the year ended 31 December 2023 Income from donatlons and legacies 2023 2022 Qonatlons and gilts Grants Le8aGles 575.551 568.319 203.760 263,134 774,695 2.196.758 1 554,006 3,028.211 Income from donations and leeacies was £1,554,00612022.. £3,028,211) of which £222.??2 12022.. £236,554) was attributable ro restrlcted fund5 and El,331.234 12022.. £2,791,657) was attriburable ro unrestlcted funds. In¢ome from ch•rlt•ble actlvlt•s 2023 1022 FundraisinR Income Merchandi5in8 Incomt 409,016 1,540,999 477,070 I.S53,358 1,950,OIS 2.030,428 The Merchandlsln8 In¢omè Is 4éntrated by the sale of donated 8oods and purch?5ed ioods through varlous Hosplct Shops The roial in¢ome In 2023 and 2022 w35 attributable to unrestricted funds Intome from other tradin8 a¢tivltl•s The chbrity owns the whole ol the Is5Utd share capltal ol St Davld's Promotlons Llmlted, a company reglstered in Wale5, by way of 4 ordlnary £1 5hare5 Wlth lull VOiln8 rlght5. The sub51dlary run5 lottery to raisè funds lor the beneflt of the Hospice. Proflt & Loss Ac<ount for Subsldlary Companv 2023 2022 Turnover Cost of Sales Gross Prolll Admln Expenses 562,100 592,526 1115 638 109.6281 446,462 482,898 1144,7691 1142.3341 Operatln8 Proflt 301,693 340.564 Other operat1118 income Other Interest receivable and similar income Profit on ordinary activitles before iaX•f40n 940 302,633 93 340,657 Amount donated to HosplcÈ 1302,6361 1340.4211 Retalned proflt brought forward 5,280 5,044 Relained profil carried ftsrwaid 5.277 5,280 Represented bv Assets 162,147 186,268 1156,8661 1180,9841 5,281 5,284 Funds.. Shale Capltal Reserves 5,277 5,281 5.280 5.284 PaRe 17

Hosbis Dewi Sant St Oavid's Hospice Notes on Con501idated Flnancial Ststements For the year ended 31 December 2023 Investment and Other Income 2023 2022 Compensation Investment Income I8,0[￿• 2,782 2,782 43.624 Other Income 2023 2022 LHB Contract Notional AssemblylLocal Healih 8oard Coronavirus lob Retention Scheme Coronaviru5 Hosplce UKMielsh Government support 133.140 133,140 1,241.933 1,214,259 1,375.073 1,347,399 Income from other Income was £1,375,07312022.. £1,347,3991 of which £Nil12022'. £117.9171 was attributable to restricted funds and £1,375,07312022.' £1,229,482) was attributable to unrestlcted funds. Net Out8olni I Ilncomln81 Resources 2023 2022 These are stated after char8in8/lcreditin81'. Auditors. Remuneration for Audit Services Auditors. Remuner3tion for Non-Audit Services Amortisation of Government Grant Depreciation.. Hospice Building Depreciation.. Equipment, fixtures & vehlcles Oepreciation.. Lottery equipment Depreciation,. Holyhead project Operaiin8 lease rentals.. Rent Other 7,750 23,500 7,250 24,200 125,0001 73,916 106,501 5,165 19,538 74,940 118,492 4,303 19,859 257,919 20,557 257.474 34,335 None of the Trustees received any remuneiation or expense5 during the year. Trustees indemnlty Insurance for the perlod in now incorporated within the Hosplce insurance policy and is not disclosed separately 6b Surplus income for the financial year As pemiitted by sertion 408 Companies Act 2006. the holding company'5 income and expenditure account has not been included in these financial statements. The result for the financial year is made up as follows.. 2023 2022 Holtling company's result for the financial year 1,208,919 11,771 Page 18

Hosbis Dewi Sant St Davld's Hospice Notes on Consolidated Fina￿131 Statements For the year ended 31 December 2023 7a staff Costs 2023 2022 Wa8es & Salarles Social Security Cost5 Pension Costs (See Note 7cl Other Costs 4,137.016 344.477 269,058 38.594 4,789,145 3,870,130 334.607 237,285 38,457 4,480,479 Totel iedurtdancylterminatlon p•ymertts amounted to £88,12312022.' £7,250) The followin8 number ol employtts received ernoluments of o¥ef £60,000.. 2023 2022 £60,IY]O- E69,999 £?0.￿0. E79,999 £80,LIJO- £89,999 £90.000- £99,999 £100,000- £109,999 £IIO,LThJ). £119,999 Penslon 5cherne for emplo￿t$ earnin¢ over £60.000.. 1013 20ZI Money pvrcha5e 5chern• NHS superannuation scheme Pen$lon <o$rs lor employees earnlA8 ovei E60.000.. 2023 2022 Money purchase 5cherne NHS Superannuation scheme 14,720 19.933 34,653 6.010 13.185 19.195 7b The average numbef of FTE employees, analysed by functlon was Medlcal. Nurslnd, Prolesslonèl & Technleal Adminisiration Merchandisln8 & Fundralsln8 Support stall Lottery staff 2013 si.o 2022 58.0 45.0 23.0 57.0 18.0 Employed by the Companv J27.0 142.0 7¢ Penslon s£hem•s Nature of 5ch•me Cost Outstanding contrlbutions 4t the year end 2013 1022 2023 2022 Money purchase scheme IHS Superannuation scheme 93.913 175.145 269.058 79,749 157,536 237,285 10,S27 24,269 34,796 3,tJ)9 23,469 26,478 7d Aure8aie employee benefit$ of: 2023 2012 Key mana8ement personnel 437.ISO 436.070 The kèy manaRernent personnel arè the members ol the Sènior Manasement Team, as described on page 4. Page 19

H05bi5 Dewl Sant St Davld's Hosplce Plotes 011 consolidated Finantlèl Ststemehts Forthe year ended 31 Defember 2023 Éxpenditure Charitable albxatedio 1022 Medital, Nvrsln& P&T, Support Admin Personnel IM85,017 2M5,017 lJ99 ?41 4.784,7$8 2,614.958 1859 931 4,474A89 1014 769 I,OJ4.769 25L.7S2 25l,?52 93.758 93,758 2085,01? S39.462 OtherDirtctCosts Medical, domicilyary & nursi Merthandlsiniandedertt tosts Priie monies & colle¢rion lèts 119.253 119.253 99,117 115.638 131A66 118,530 12,162 87,055 Dlt*tt 119,253 12.161 87,055 115,638 360,014 Premises C•$is Itent5 and Rote5 utiIItyCosts Milniemnco & R•nttn15 Oth¢r 261,519 60.867 58.fy)S 261.519 159.030 ISO,154 160,746 145,551 263.849 116 225 7B6,371 9B.163

6.452

VM 5.696 240.383 485,07B 5,864 73l.325 Depre¢lotlo• Ctr&ts Oepreciation AmortSsatiin ofGoVtrnm•rt￿n[ 102.201 11,087 4,303 217.592 205,11? 102,202 11,087 4,303 217.$92 180,122 Qlherowrheodi AlwertL%lni& Promoikin Trivd & v•hkl Educatlon Ml 4,713 26,111 30 16.131 4,115 1,798 I,oss 21m9 53,202 12.5flJ 610429 706,039 34,765 61,227 16,394 597 006 709,392 22,969 10.681 Uii 496,2XI 104.5l6 58,56S 46,708 1478 297 L 627 612 403 236 260 407 6 773 822 6 $10 798 The 5ta¢lcosts of ra151nilundJ Fundra1￿￿, trsdlw and meithondlslnglncorne 15 46%of the total IrKome In 2023ai £2,512,11512022.. £2.622,954., 37%> Th¢ Sts1Ft￿lld1r1￿IVttlIbU1*bIelJ £1.5￿,279 In 2023 72%01 admlnl$tr¥tkJn witi12022.. tI,WM41., 7S%I Page 20

Hosbis Dewi Sant St David's Hospite Notes on Consolidated Financial Statements For the year ended 31 Decemeber 2023 Tangible Fixed Assets- Group Hosplce Furnriure Fl¥tures & Equipment Freehold Land and Bulldlngs Motor Vehides Shop Fixtures Holyhead Lottery Project Equipment Total Cost,. At l January 2023 Additions Disposals At 31 December 2023 5,223,495 147,222 2,976,725 4,910 127,372 42,500 1.238.066 99,812 257,032 5gS,741 28,559 5,370,717 2,981,635 169,872 1.337.878 257,032 595,741 28,559 Oepiedatlon: At I january 2023 Charge for period Eliminated on disposal At 31 December 2023 2,296,858 217,594 1,094,896 74,940 78,244 13,569 835,725 93.835 207,369 11,088 56,717 19,859 23,907 4,303 2,514,452 1.169.836 929,560 218,457 76.576 28,210 Net Book Value: At 31 December 2023 2,856,265 1,811,799 78,059 408,318 38,575 519,165 349 At 31 December 2022 2.926,637 1,881.829 49,128 402,341 49,663 539,024 4,652 Tanglble Flxed Assets. Charity H05plce Furniture Fixtures & Equipment Freehold Land and Buildings Motor Vehlcles Shop Flxtures Howad Projett Total Cost: At I january 2023 Additions Disposals At 31 December 2023 5,194,936 147,222 2,976,725 4,910 127,372 42,500 1,238,066 99,812 257,032 595,741 5,342,IS8 2,981,63S 169,872 1,337,878 257,032 595.741 Depreciation: At l January 2023 Charge for period Eliminated on disposal Al 31 December 2023 2.272.951 213,291 1,094,896 74,940 78,244 13,569 835,725 93,835 207,369 11,088 56.717 19,859 2,486,242 1,169,836 91,813 929.S60 218,457 76,576 Net Book Value: At 31 December 2023 2,855,916 1,811,799 78,059 408.318 38,575 519,165 At 31 December 2022 2.921,985 1,881,829 49,128 402,341 49,663 539.024 Page 21

Hosbis Dewi Sant St David's Hosplce Notes on Consolldated Flnanclol Staternents For the year ended 31 December 2023 io Fixed Asset Investments- Group and charity 2023 2022 Market Valve 45 at i Januaty 2023 Additlons Withdrawals Net unrealised investment Eain5 1 IIOs5esl thA•rket Value as èt 31 Oecember 2023 2,780.201 3,608.978 11,113,435) 1350,0001 80,08S 478,777 1,746,851 2.780,201 Cosi of Investments •$ at 31 Oecember 2023 1,638,840 2,834,280 2023 UK 2023 Z022 UK 2022 Over5eis Overseas Investments are represented bv: Investments Ilsted on re£o8nised stock exchan8es Cash 1,059,139 130,760 L 185,899 SS6.952 1,150,426 283.882 1,434 308 1,345,892 556,952 1,746,851 1,345,892 2.780,200 Thé tharity fieure includes 8 É4 Invesrmeni belng the issuèd share capital in St D•v4d's Promotlons Limited. Holdlngs ol rnoré th•n 20% The chirity holds more than 20% of the share capltal of the lollowln8 cornp¥nles'. Cornpanv Country of re8Sstrètlon or Incorporatlon Shares held Class Subsldlary undertakin85 St David's Promotlons Limlted England and Wales Ordlnary loo The prlnclpal èctlvlty ol St Oavld'5 Prornotlons Llmlted lor the Ièsi felev¥nt IlnanclJl perlod was that of the runnin8 of a lottery to raisè lunds lor the benefil of Ihe Hospice. li Oebtors Group 2023 Charltv 2023 Group 2022 Charlty Amounts falllng due wlthlTr one year.. St David'5 Promotions Limited The Nation41 Assembty l Local Heath Board LeBacy Oebtors Orher Debtors Prepayfflents 72,923 42,778 1,075.769 246,835 123,312 1,561,617 97.71S 20,513 2.227,864 239.155 100,073 2,685,320 42.778 1,075,769 246.835 126,943 1,492,325 20,513 2,227,864 239,155 103,251 2,S90,783 St David's Promotions Llmlted Is the wholly owned subsidlary tvadi08 as a lottery company for the benefit of St David'5 Hospice. 12 Cr•dltors.- amounts falllni due wlthln one year Group 2023 Ch¥rltv 2023 Group 2022 Charllv 2022 Trade Creditors orher Creditors Taxation and soclal 5ecuriiy costs Deferr•d Income Accruals 596.30? 110,440 110.683 73,022 141,418 1,031,870 589.992 108,983 iio.iii 577,206 89,393 105,849 78,001 159,311 1,009,760 574,471 88,660 104,810 138,841 947 92? 158,5SO 926,491 Deferred Income relate5 to lottery stakes feceived in advance by St Oavld's Promottons limited. These are released to the profit and loss account as and when player5 are entered into the weekly cash prize draw. Paee 12

Hosbis Dewi Sant St David's Hospice Notes on Consolidated Financlal Statements For the year ended 310ecember 2023 Welsh Government Grant Group 2023 Charity 2023 Group 2022 Charity 2022 Recelved and recÈlvable: At l January 2023 Receivable during year At 31 December 2023 250,000 250.000 250,O¢XI 250.000 250,000 250,000 250,000 250,000 Amortisation: At I january 2023 Credit to statement of financial activities At 31 December 2023 250,tJ)O 250,000 225,000 25.000 250,000 225,000 25,000 250,000 250,C￿0 250,000 Net balance at 31 December 2023 The Government grant disclosed above has been offset a8alnst the expenditure to whl¢h It relates. The 8rant is repayable, In whole or part, If the 8rantor consSders certaSn terms or condltions of the 8rant are not beSn8 fulfllled. 14 Statement of Funds At l January 2023 Investment 8alnsllo￿eS At 31 December 2023 In¢ome Expendlture Tr?n5fers Unrestrirted Funds General fund Charity Subsldiary Group general fund 6,530.053 5,280 6,535,333 4,699,006 563,040 5,262,046 16,305,838) 1260,4071 16,566,245) 80,085 1,302.636 1302,6361 1,000,000 6,305,942 5.277 6,311,219 80,085 Designated Funds Hospice refubishment Group Designated Fund 1,5(Kl,000 1,500.000 11,000,000 11,000,0001 5ChJ.¢MI 5CQ.&)O Total unrestrlcted fur*ds 8,035,333 5,262,046 6,566,245) 80,085 6,811,219 At l January 2023 Investment alnsllosses At 31 December 2023 Income Expendlture Transfers Restrirted Funds Charitv Subsldiary Group restrieted fund 140,657 222,772 1207,5771 ISS,852 140,657 222.772 1207,5771 155,852 Analysis of Net Assels between Funds Unrestrlcted Funds Restrlcted Funds Total Fund balances at 31 December 2023 are represented by.. Tangible fixed assets Investments Net curient assets 2,805,468 1,746,847 2,258,905 6,811.220 50,797 2,856,265 1,746,847 2.363.960 6,967,072 105,055 155,852 Page 23

Hosbis Dewi Sant St David's Hospice Notes on Consolidated Financial Statements For the year ended 310ecember 2023 Is Capital Commltments 2023 2022 Authorised but not contracted for 16 Post Year End Legacies and Grants Legacies of £107,OCIJ notified in 2023 which have not been provided for as probate was not 8r3nted until 2024. Grants of £400.OCKJ towards our refurbishment programme were awarded in 2023. The conditions of the grants will not be met until works are completed In 2024 at which time the grant income will be recognised. Additional Welsh Government fundin8 of £425,OCO for the 2023124 financial year was awared and received in 2024. No provision for thls was made in the 2023 account5 as the Welsh Government had advlsed that no additional fundin8 was available at 31 December 2023. Notification of the additional fvndin8 was received post year end and is considered to be a post balance sheet non-adjustin% event. 17 Lease Commltments The leases for the shop In Llanrwst is re-negotiated on an annual basls and the remainder of the leases expire as follows,. Porthmadog March '24, Llandundo October'28, Pwllheli May 28,, Conwy Rolling Lease, Beaumaris Rolling Lease, Craig Y Don121 Queens Road) April '26, Colwyn Bay (Station Road) Rolling Lease, Dolgellau IHarri'51 September'24, Menai Bridge Ortober'23, Llangefni March '25, Holyhead August'24, Gaerwen December'24, Llandudno Junction (Distribution Centre November 2033 The Hospice leased two car5 under operatlng lease agreements, whlch ceased during the year. The comparatlves nclude the total future minimum lease payments under the non-cancellable operatin8 leases. At 310ecember 2023, the company had annual commitments under non<ancellable operating leases as follows: Land and Bulldlngs 2023 2022 Other 2023 2022 Explry Date: Within one Year Between one and five years More than five years 165,282 417.177 290,000 160,631 254,940 27,850 7,926 25,458 16,481 8,974 Page 24

Hosbis Dewi Sant St David's Hospice Notes on Consolidated Financial Statements For the year ended 31 December 2023 18 Related Parties St David's Promotions Limited is a wholly owned subsidiary of St David's Hospice. During the year, St David's Promotions Limited donated £302,63612022.. £340,421) to St David's Hospice. Balances due from St David's Promotions Limited to St David's Hospice at the year end in respect of these transactions amounted to £72.92312022'. £97.7151. 19 Controlllng party St David's Hospice group is controlled by the Trustees. 20 Cash generated from operatlons Total 2023 Total 2a22 Net Income for the year 11,289,0061 490.546 Ellmlnatlon of non-operatlng cashflows: Investment income Oepreciation of tangible fixed assets Amortisation credlted to Statement of Flnancial Activities 143,624} 217,595 12,7821 205,121 125,0001 Operating cashflows before movements in worklng capltal 11,115,035) 667,885 Ilncrea5el / Oecrease in Stock Ilncreasel l Decrease In Debtors Increase / (Decrease) In Creditors Net investment Igainslllosses 16,347 1,098,458 22,110 180,0851 3,016 1970,7621 77,161 478,777 Cash generated from operation5 158,2051 256,077 Page 25