2021-12-31-accounts

		Page
Foreword from the Honorary President
Report ofthe Trustees	2	to	10
Report ofthe Independent Auditors	11	to	13
Statement of Financial Activities		14
Balance Sheet		15
Cash Flow Statement
Notes to the Cash Flow Statement		17
Notes to the Financial Statements	18	to	25

rogr	ess report on the annual prio	ess report on the annual prio	rities 2021
	ACTIVIN		COMPLETION	LEAD	STATUS 31/12/2021
			DATE
1	Refurbishment of Rainbow		2021	Executive Chair	Completed
	ward
2	Create database	ofdonors	2022	Interim Chief	Ongoing
				Executive
	Enhanced social	media	2022	Interim Chief	Ongoing
	presence			Executive
	Review banking		2020	Board oftrustees	Completed
	arrangements
	Review audit arrangements			Board oftrustees	Ongoing
	Develop criteria to evaluate		2020	Board oftrustees	Completed
	research funding	bids
	Refresh parent		2021	Interim General	Completed
	accommodation			manager
	Review insurance		2021	Board oftrustees	Completed
	arrangements to	cover
	events
	Review indemnity	insurance	2021	Board oftrustees	Completed
	for trustees
10	Review financial	controls	2021	Treasurer	Completed

					2021	2020
			Unrestricted	Restricted	Total	Total
		Notes	funds f	funds f	funds f	fundsf
INCOME AND ENDOWMENTS	FROM
Donations and legacies			377,144	18,599	395,743	496,416
Investment income			119,993		119,993	77,560
Other income			4,847		4,847	13
Total			501,984	18,599	520,583	573,989
EXPENDITURE ON
Raising funds		4	28,803		28,803	26,393
Charitable activities
Services to patients			1,856,027		1,856,027	602,215
LATCHmosphere maintenance			14,100		14,100	16,450
Total			1,898,930		1,898,930	645,058
Net gains on investments			368,327		368,327	132,024
NET INCOME/(EXPENDITURE)			(1,028,619)	18,599	(1,010,020)	60,955
RECONCILIAllON OF FUNDS
Total funds brought forward			4,856,807		4,856,807	4,795,852
TOTAL FUNDS CARRIED FORWARD			3,828,188	18,599	3,846,787	4,856,807

		2021	2020
	Notes	f	f
FIXEDASSETS
Tangible assets	12	7	7
Investments	13	3,230,005	4,052,723
		3,230,012	4,052,730
CURRENT ASSETS
Debtors	14	49,503	47,127
Cash at bank		671,107	1,006,206
		720,610	1,053,333
CR EDIT0RS
Amounts falling due within one year	15	(103,835)	(249,256)
NET CURRENT ASSETS		616,775	804,077
TOTAL ASSETS LESSCURRENT
LIABILITIES		3,846,787	4,856,807
NETASSETS		3,846,787	4,856,807
FUNDS	18
Unrestncted funds		3,828,188	4,856,807
Restricted funds		18,599
TOTAL FUNDS		3,846,787	4,856,807

			2021	2020
		Notes	5	f
Cash flows from operating	activities
Cash generated from operations			(1,646,137)	(189,750)
Net cash used in operating	activities		(1,646,137)	(189,750)
Cash flows from investing	activities
Purchase offixed asset investments			(3,429,578 )	(560,846)
Sale offixed asset investments			4,620,623	504,389
Interest received			2,132	2,127
Dividends received			117,861	75,433
Net cash provided by investing activities			1,311,038	21,103
Change in cash and cash	equivalents
in the reporting period			(335,099)	(168,647)
Cash and cash equivalents	at the
beginning ofthe reporting	period		1,006,206	1,174,853
Cash and cash equivalents	at the end
ofthe reporting period			671,107	1,006,206

	RECONCILIATION OF NE ACTIVITIES	T (EXPENDITURE	)/INCOME TO NET CASH	FLOW FROM O	PERATING
				2021	2020
				E	E
	Net (expenditure)/income	for the reporting	period (as per the
	Statement of Financial Activities)			(1,010,020)	60,955
	Adjustments for:
	Depreciation charges				13,312
	Gain on investments			(368,327)	(132,024)
	Interest received			(2,132)	(2,127)
	Dividends received			(117,861)	(75,433)
	Increase in debtors			(2,376)	(13,880)
	Decrease in creditors			(145,421)	(40,553)
	Net cash used in operations			(1,646,137)	(189,750)
2.	ANALYSIS OF CHANGES	IN NET FUNDS
			At 1.1.21	Cash flow	At 31.12.21
				E	E
	Net cash
	Cash at bank		1,006,206	(335,099)	671,107
			1,006,206	(335,099)	671,107
	Total		1,006,206	(335,099)	671,107

4.	RAISING FUNDS	RAISING FUNDS
	Raising donations			and	legacies
							2021	2020
							6	8
	Fundraising	activities					22,524	10,690
	Investment	management			costs
							2021	2020
							E	6
	Investment	management			fees		6,279	15,703
	Aggregate	amounts					28,803	26,393
5.	CHARITABLE ACTIVITIES COSTS
						Direct	Support
						Costs (see	costs (see
						note 6) 6	note 7) 6	Totals f
	Services to	patients				1,741,762	114,265	1,856,027
	LATCHmosphere		maintenance			14,100		14,100
						1,755,862	114,265	1,870,127
6.	DIRECT COSTS OF CHARITABLE ACTIVITIES
							2021	2020
								f
	Grants and	comfort		payments			381,620	317,780
	Funded posts						156,929	180,522
	Capital contribution			Cardiff and Vale NHS Trust			1,200,369	8,263
	Hospital equipment						2,844	1,095
	LATCHmosphere						14,100	16,450
							1,755,862	524,110

				Governance
		Management	Finance	costs	ToteIs f
Services	to patients	87,752	539	25,974	114,265
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
				2021	2020
					f
Auditors'	remuneration			5,520	4,800
Auditors'	remuneration	for non audit work		1,890	600
Depreciation - owned assets					13,312

No employees rec	eived emoluments in excess off60,000.	eived emoluments in excess off60,000.
COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVlllES
		Unrestricted	Restricted	Total
		funds f	funds f	fundsf
INCOME AND ENDOWMENTS		FROM
Donations and legacies		496,416		496,416
Investment income		77,560		77,560
Other income		13		13
Total		573,989		573,989
EXPENDITURE ON
Raising funds		26,393		26,393
Charitable activities
Services to patients		602,215		602,215
LATCHmosphere	maintenance	16,450		16,450
Total		645,058		645,058

11.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVlllES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVlllES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVlllES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVlllES - continued
			Unrestricted	Restricted	Total
			funds	funds	funds
				f	8
	Net gains on investments		132,024		132,024
	NET INCOME		60,955		60,955
	RECONCILIATION	OF FUNDS
	Total funds brought	forvirerd	4,795,852		4,795,852
	TOTAL FUNDS CARRIED FORWARD		4,856,807		4,856,807
12.	TANGIBLE FIXEDASSETS
					Fixtures
					and
					fittings
					E
	COST
	At 1 January 2021 and
	31 December 2021				89,353
	DEPRECIATION
	At 1 January 2021 and
	31 December 2021				89,346
	NET BOOK VALUE
	At 31 December 2021
	At 31 December 2020
13.	FIXEDASSETINVESTMENTS
					Listed
					investments
					f
	MARKETVALUE
	At 1 January 2021				4,052,723
	Additions				3,429,578
	Disposals				(4,522,873)
	Unrealised gains				270,577
	At 31 December 2021				3,230,005
	NET BOOK VALUE
	At 31 December 2021				3,230,005
	At 31 December 2020				4,052,723

					2021	2021	2020
					UK	Overseas	UK	Overseas
					E	E	E	E
Listed Investments					115,268	2,296,939	648,693
Unlisted	Investments							940,858
Other					603,885	213,913	2,463,172
					719,153	2,510,852	2,868,033	996,209
DEBTORS: AMOUNTS				FALLING DUE WITHIN ONE YEAR
							2021	2020
							E	E
Prepayments		& other	debtors				49,503	47,127
CREDITORS: AMOUNTS					FALLING DUE WITHIN ONE	YEAR
							2021	2020
							E	E
Funded	posts	& other	accruals				103,835	63,730
Accruals	and	deferred	income					185,526
							103,835	249,256

Minimum lease payments under non-cancellable opera	ting leases fall due as follows:
	2021	2020
	E	E
Within one year	4,544	4,544
Between one and five years	18,176	18,176
In more than five years	17,636	22,180
	40,356	44,900

ANALY	SIS OF NET ASSETS	BETWEEN FUNDS
				2021	2020
		Unrestncted	Restncted	Total	Total
		funds	funds	funds	funds
					E
Fixed assets		7		7	7
Investments		3,230,005		3,230,005	4,052,723
Current	assets	702,011	18,599	720,610	1,053,333
Current	liabilities	(103,835)		(103,835)	(249,256)
		3,828,188	18,599	3,846,787	4,856,807

18.	MOVEMENT	IN FUNDS
						Net	Transfers
						movement	between	At
					At 1.1.21	in funds	funds	31.12.21
					5	5	8	f
	Unrestricted	funds
	General fund				3,856,807	(1,028,619)	700,000	3,528,188
	Designated				1,000,000		(700,000)	300,000
					4,856,807	(1,028,619)		3,828,188
	Restricted funds
	Julian Hodge					18,599		18,599
	TOTAL FUNDS				4,856,807	(1,010,020)		3,846,787
	Net movement	in funds,	included		in the above are as follows:
					Incoming	Resources	Gains and	Movement
					resources	expended	losses	in funds
					5	5	6	6
	Unrestricted	funds
	General fund				501,984	(1,898,930)	368,327	(1,028,619)
	Restricted funds
	Julian Hodge				18,599			18,599
	TOTAL FUNDS				520,583	(1,898,930)	368,327	(1,010,020)
	Comparatives	for movement		in	funds
							Net
							movement	At
						At 1.1.20	in funds	31.12.20
							6	6
	Unrestricted	funds
	General fund					3,795,852	60,955	3,856,807
	Designated					1,000,000		1,000,000
						4,795,852	60,955	4,856,807
	TOTAL FUNDS					4,795,852	60,955	4,856,807

Comparative	net movement in fun	ds, included in the above	are as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		5	5	E	6
Unrestricted	funds
General fund		573,989	(645,058)	132,024	60,955
TOTAL FUNDS		573,989	(645,058)	132,024	60,955