|||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|
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|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|
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||||||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|
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|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|
##
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|||||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|
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|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|
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