Stjohn Ambulance Cymru The Prlory for Wales of The Most Venerable Order of The Hospital of St John of Jerusalem Annual Report and Consolidated Financial Statements 2023 ITrustees' IReport ANCE Who We Are The Prioiy for Wales of the Most Venerable Order OF the Hospital of St John of Jerusalem Ithe'Ch2ritll Is a company limited by guaraniee h2.ding no share capitdl, and ti3deg under Ihe name of St John Ambulai)¢e CJThru I'SJACI. ProvIdin9fir51 ald and clSnical support al public events SJAC provided first aid ¢over at 1.425 events across Wales Adding value to healthcare partnèrs prgviding resilience and robusiness. Our Ambulance Operations iransporied 04,188 patients over a lolal 01785,178 mil&)S. Teach more People to save Ir¥es ihmugh first aid 8,1 IS people attended a cours¥ run by our Wthkplace Training TeaiTI. 5. Being recognised as a key provider DI children and young peoples personn 10 address the challenges in ttrje curreni cperalino envirOn￿￿nt. The Charitk Is focLEing on ensuring a suslain2ble blend of irr.paetfvl Incorn&generai.,ng activities. exiting unsUSi￿1￿ab1e and norrcoie ac4iVlties. ratior,'alLSalitsn ol the properly porifollo and cosr base. and ring the ceni,'al fccus 1> cn Our volunteers and the cofflnits'n,,t￿S Iv&% ser4e. The final eleFr.erits of this programme #re being Iiiiplemenied in 2024 lo efjsure I￿t Cb.afiiy has Strong ap.d susta'.nahle financial fcuridaiiotis io build upoii in ?0:5 and beyond. Our Objectives SJACS m21n obiedives are ernt￿lled byour continugl VISI￿.F*S% akl for every￿< •. •Thywkn,' our mission To swe Ilves eAh*r￿•t￿he4ttkn and of the Comm￿lI1e$ Inwa1￿. a￿1 mrAto Forthe l•llh and In th• serv1¢• of hUrn￿.. 2023 rewesented the firstfult yearsincethe strategic Pri￿￿"e$ ￿ strategic wlcomes set cxJt in the Charitrfs Strategg 2025 docum￿ had estaNlshed. HaNing been laU[￿hed in th)r￿ 202Ztt* (ky￿ll￿)k into ac(thrft t wari(K* extemal factors tharit￿5 in the post pandemic landscape, whmesetting a clew p8ttMayto makKig SJAC a more ag{￿ ¢)rganisatw)n that is PFepaFed and bett￿equippedto facetrese rthv(*aUrys. In settw Ihese prk)rn*s arwj WtCrnTA￿tee5 dealty outlTrnefJ the*r expectatKffls forai in the charity arvj cOntir￿ io scrutTnise Ihepwfoffnance and de¢ision makiro witlK)ut fwdror fav(x Our Strate ic Outcomes A summary Cli our st1￿1￿gi- o￿L￿Onie.8 fr)r the ccKn5r,￿ni1les ie serve during 2023. l. Providing a local community focus for Sl John Ambulance Cymru through the Division. '"r'/olunteers con1r1k.￿6c. akn)oot 60.000 ￿.0￿[s cf I￿..T Spore iiFne prob1diiig Iifst 3.d ccver, and abslsted 0￿r con7.muniiy tiainers appropriaie support and safety in a lime￿ tnanner, rgducing the impact on ambulance or police senhces. 4Xw Amb￿On¢* Op•ratlons w8fttth• extra mlle In 2023. enswfing 24,188 pttiÈrrtg got the care th•y n￿ded as quick￿ as possible, with th• total milage travelled (785,178 Our IA¥olv•xnt W0￿h￿ r•thwxd w•ftlng tlm•s mil¢sJ rapresentlng an 8.65% Increase for transport from an aver8geof 18 Ib)urn down to an on 2022. (2022: 722.649 mlles). •verag¢ of I h￿r ènd 24 minulaswd Wed 1.918 As well as transporting patients safely all across Wales, we patlents In 2023. also assisted the Welsh Ambularice Services NHS Trust Ambulanc￿* Ope,•lions continued to be a vital supplier of (WASn through schemes such as urgent care afflbulance norFemergency patient transport services, wrth contracts support during the J8nuary41arch 2023 winter pressures In rhe Aneurin Bevan and Swansea Bay regions resulting p￿10d and being part of a seven4Jay Communtty Responder in a total of 7.604 patient movements. With well publicised scheme from sites across Wales. pressure on the NHS and vrtal bed space. we continue lo supporr the movement of palienis between hospitsls and Itischarge to home Addilionglly, we were successful In securing a contract providing suppon lo Cardiff & Vale Caidi2¢ servi¢es. a C￿lical service for those reqLJiring treatment or surgery. 12,815 peopl• In n•ed12021. 8,090 patients) and h•lp•d rodu￿ prnssures on arnbulanc• ¢r•ws, 1gsuked In ¢ontraets exiended In the V81e ot Glamorgan •nd P•mbrokeshlre. Wè •lsts Fntrothx• a nBw Nlght F•Hs Car in th• An•urln B•v•n Unlywslty H•th Board a Oiil collaboratioi) with the Vale ol Glarriorg811 Couocil and Cardiff &Vale University Health btsard Wellbeing seNice is estimated to have saved the NHS £750.OOQI in £ year, with the service in this area also nominated for the Gofal Cymdeithasol Cymru / Social Care Wales 2024 Accolades awards. Ambulance Operations ￿ t Total number of patients helped: 24,188 Our support gf those in mentsl health crisis eofttinued lo glow with the implementa1￿ of Taith Dda. a Welsh GovemmenUNHS funded pik)t sc￿rne designed to ènsure (2022: 28,330 patientjoumeys) Stories from our communities: Responders In Powys Tom and J•xTN•rn th•¢•r wh•n th•palr ngoced St John Ambulanee Cyrnru Tesk*xdeTS 8re regular memb*s a wa$ps' n•sL Tom fgh a Sha￿ sllbyj c•ntreof hls afthe comnwnfty aTrdK4unteeis who give uptnelr￿.rne 81 ftx•he•d inS￿￿t]Y1￿￿m9YUy￿n￿¢l1. the drop of a hat to YeS[￿d io life threatening emergencies "I C0￿C. not strai￿1 oreverr ¥iand.' he said. He slLÉrnrRd Ihi glao to he¥*Tom is doirg wdl and stsying away fr to theoiound afid Wllh fio Pho￿ signal, Jax ran tothe wasps. nests!. nearest ￿j$e io gei l*. "I was very p* and ar0￿d with 8 fash expanding from my head downwards" he [￿811* as hi8 body began to swell and develq) hives. Jay called fcy Emergency SeTvices and befo￿ kJM¥ tt StJthn Am￿lanCe Cymnj Responders 8rrived on scerte. stJ¢*￿ AmtAJt￿ce C Responders On￿11 ¥tho respond ￿ local emergency *￿IdentS. fvare h￿kaY train￿ wdivtha18 who often reach the scw* stsrt treatnwnt bfrforethe emerwcy semces arri¥'e. The responders n￿*tored Tom's observaltons in a calm way. administered antihistsmine tab￿S al￿ reassured them. Tom, who has now re￿.el C<)rTW￿ted. 11 wlll elw4￿ be •n addhional r8a88urweth medical hew and exprf118e Inth• ftsrni of St Jokn Ambulaftce Cymrnarn so close." "I knowJ*x extrtmefy fortru4-.om said. "8eein9 your lo¥•d so wwell io *Kh a ￿mOtft w•$ a reall￿JMa. so to have th•se he aY• eternally g¥utefvl f(K.° Training Our Workplace Tralning Team, helped equip 8,175 people wllh essential fir￿ aid skills via 815 caursts at a variety of sit•s across Wales, incbading our 8 dedi¢ated trainv vethRs or at their l)us•ness pr¢mi$os. While many of these people attended one of our popular courses such 8$ First Aid at Work to Mental Health First Aid. we also Introduced new courses in 2023 such as Farmers First Aid and Outdoor Firsl Aid, resFonding to requests from 8pecrfic industries. OL'r people coinplded 7 671 eLp8rning Courses in 2023, in a whole range ol S￿bJectS frorn ni.cre than l 00 courses oli offer. including those based crt) Safeguarding 8n¢J Welltseing. Personal Devd¢)pment. V.giiagement and Digrtal. In 2023, 8,175 people (2022: 12,002) attended a course run by our Workplace Training Team, while 13,923 people (2022: 24,877) were trained for free by our volunteers and community trainers In schools, clubs and groups. Our Community Trainers and volunteers helped spread first aid skills for free, with almost 13.923 trained for free in schools, clubs and groups acioss W8les, ensuring IIK>usands more people are in possession of knowledge that could help them save a life S￿uld an emergency happen near them. Our national campaigns such as Defibru8ry and Save a ￿fe September helped raise awareness of essential lifesaving skills such as CPR with almost 6,000 of members of the public reached through these initiatives. Stories from our communities: Mike Williams from Port Talbot 46 I w0￿d lthe to thank St John Aml)ulance Cymru and Gareth Pargons forthe tralnlng I recelved. whlch onabled me to help to $￿¢•$81u1fy save tho life of someone who ered a eardlae arre8L' When Mike WiS1iams from Port Talbol attended a First Aid al Wgrk ¥efresher ¢ourse wilh Sl John Ambulance Cymr¢J Woikplace TraSner Gareth Parsons. he didn't know that the skills he learnt thepe would help him save someone's life just Iwo rrkonths later. Mike. who now lives in Caerphilly, was on dtrty as a Security OlfieÈr in Cardiff wtten he had a phone Call about a medical ernerget)cy nearby. Along with some of his colleagues, Mike quickly grabbed defibrillator at reception tnade his way lo the sceiie. On arrival, Mike and his colleagues discovered a male Iwng face down on the noor. ir5t aid and defibrillator trainwffj is so important; th• mor• Conf￿￿￿ p•opl• ar• to help others. the better. It's reported that a patient& suryiwal chances are reduced by IO1¥ for every passliiu minut? without action followillg a cardiac arrest. The quiekew you aCL ihe mtsre eban¢e you have to save 3 life. They rolled ihe patient onto his back and did the primary survey. They Quickly discovered thai the palient was unresponsive. correc.tly assessing he had gone into cardiac arrest. Mike and his collea9ues startpd CPR irnmeth"ately and prompily connecled the patient to a defibrillatoi. "After nufne¥ous round5 01 chest compressions and at least thfee shock5 from th4 defibrillator, he began to start breathlng again.. Mike Fecall& Shoflly after the paiieni had been Tesuscitated. paramedics arrived at the scene and look over The patient was fushed lo hospital and received surger¥ on his heart. Children and Young People StJokn Ambulance CymN& Cad¢tof ihgyearlor 2023, Mall StW•ns0￿ who 1$ part of the Pontypridd and Trelwcyn Dhil*lon Mid: 60 1 first joined St John Ambulance Cymru as I was interested in studying medlcine. I was welcomed into the community and learnt so much from day one.. Our Chlldren Arrfl Young People pr+)gramme8 Contlnued to engagè and inspire thos• Aged 5 and above with o charW$ value$ and vision. Our Badgerg. Cadets and young aduh volunteers cmtlnued their indlvidual journey8 wlth SJAC, developing In areas from fir¥t ald to e$8ential life $klll$ that wlll help prepare people for thetr nexl ¥teps In life. During the year our Badgers achieved over 300 av4afds, while our Cadels achieved 600 awaids. 77 Cadets aged 16+ were trained or requalified as Basic First Aideis (BFAI. ensuring they had 11)e ltsundational skills n￿ded to help in an emergency. "I have stayed wlth St John Ambulance Cymru due to the Incredible people I have had the privilege of meeting. and the extremely rewardlng experiences I have had. 2023 also saw the launch of new subjects ro nelp inspire our ehildren and yaung people to continueth￿r SJAC journey. A Sp8¢e Badger subiect was launched on our Super Badger prthJramme, a Cadei First Alder was cleated for those aged 11-15. while a Public Heahh Wales Grand Prior subj.ect was also introduc￿. 99 The Royal College of Nursing {RCN) Prince of Wales Nurslng (POW) Cadet Scheme By the end of 2023 WÈ had over 300 B8dgers and 850 Cadels learning first aid and other invaluable life skills across 30+ Badger Setts and 80fr Cada Oivisibns w￿e* Our Chilclren and Young People prOgraMn￿ would rY)t exist without the contributton of volunteer leaders. Theirconlinued comrnrtmenl lo their groups ard iheir own devd¢)pment was exemplrfied by3 leaders completing wc￿ Level 3 with Adult Learning Wales and a fvrther 4 completir¥J Level 2. A new pilot of a LINKS unit wbthin Gvlent CcAlege w8S laun¢hed in 2023. continuing tsjraims to create relatk)nships wrth furthereducatim pr(wTrders. We ￿tInUed to woth in partnershjp wlththe RCN to support Cadets on their joum•y In th• POW Nur$lng heme, hlplng to ¢rnale the heahhcar• prol•sslonals of thé fuwre. Though (K) new Cadets joined the sclEme in 2023. the work io suppon the cohort of g thatjoined dL'ring 2022 end engage more Cadets in The scheme continued. it's expected thal in f￿ure, one c0fr￿ willjoin the scheme each year, adding tothe 25 Cadets thai haverjartripated since 2020. Slories from our communities: Bethan Wyn Jones wasjust 7. BethanjoI￿ because she loved kaining alxiutfKst aid W8Med io find 4)ut even more. She lo¥es •4¢h week& 8essioTh kning newthings and makiry new friendships. Irs tsugm her a kn aknut healthcare and Bethan is keen to pursuea career k) the secloT In her adult bfe. Bethaft hgs alre￿ly￿Sed her fifst aid skims in real life siiuatons. On one Occasi(￿ when a fri￿d w*s hil bya car￿rtside his ¥chool. she had the confidenceto rfwage thÈ sHuatt assesshig hhn 4nd him ￿ (onCedec￿￿￿J itvms safe for him to do so) and ad¥islw hin iovi*t IwAt so he ccdd be over. 06 Wlthout St John Ambulance Cymru I wouldn't have been able to manage the scene and keep ealm and composed. 99 Clinical Ceremonial Awards & Honours The Remote Cllnlcal SLtpport SoTVi(* (RCSSI was implemented into SJAC in May 2023, providlng ¢llnl¢al advi¢e to patient fa¢in9 SJAC p•ople in th• abS•￿e of an avallablg h•althcaT• prOf9￿{on￿l •t th• pati•nt slde. During 2023. the Priory for Wale$ wognl$¢d th¢ lows ofthose that had exern￿fied our vtsion, mtssion and with thir #etions 4nd Èffort. Our Inve5tilure Services at Uandalf Cathedral and St Asaph Cathedral provided opportunilies lo hoaour those who h8d helped others when they wèrè most in need, with some receiving recognition for decades of dedication to our charity and the people of Wales and Iwo particular individuals receiving aw3rds for rnorÈ than 6 decades of semce. Our 2023 Investiture at Llandaff was a particularly significant occasion as it saw the installation of our new Prior. Paul Griffrths OBE. KStJ, DL. wittt our Grand Prior HRH Prince Richard, Duke ol GIOU￿Ster, KG. GCVO, GCStJ, FSA in attendance to welcome him to his new role. This service. Dper8ted entire￿ by volunteer healihcare professionals, is available 2417 to provide telephon&based clinical advice to ￿Ac Peop￿ have queries around patiem management plans, iequire Support in clinical decisiDn making or have wider queries around any clinical element of the otganisation which require urgent clarification The service operates 2417 arxj 365 days a year It Is staffed with a two-tier system comprising of experienced registe'.ed healthcare professionals and senior clinicions wiihin ihe organisation operating on an eniireiy voluntary basis in addition to their fill￿tiMe fO]es in the NHS and have been iristrurnental in its 5ucce5S to date. The commitmentof our people to the St John AM￿lanCe Cymru ￿uSe was highlighted by the giving out ol 142 Long Service Medals 8nd Bars, in recognition of periods of servi from a decade up to 60 years. service The 2023 Order of St John UK Organ tknnation Awards provided anoiher moment ol reflection. wilh 29 familie5 of organ donors receiving recognition awards on behalf of their loved ones. This was the tenth time this event had been held, in conjunction wilh NHS BkxKJ and Transplanl. With the instability due to conflict in the Middle EasL our ongoing fundraising work to support the Jerusalem Eye Hospital held a signifThnt rK)ignance. particularly durirKJ the Christmas services that rdised mryiey lorlhis vrtal serv￿e. The strength of feeling iowards this issue was illustrated by the increase in d{￿at￿)nS teing aknost 4 times more than that raised in 2￿.2 In summer 2023, the service adopted Goodsam IOS, allowing RCSS clinicians to view clinical Images and video live-stream from ￿Ac peoplés mobile devices via a secure arid er¢ryoied connection to wihance their clinical de"ision making.97% of the 172 queries raised via RCSS were resolved satisfactorily, with 69 cals to 999 Pfevenled as a resuli. Fundraising Our1￿￿al9]ng aclrditieseontlnu•d thTryJghI)￿ 2023. with a t4>tal of £1.010￿42 rnited repre8eming an increage of 5% WJTwed tD the pft¥10￿ >wr. W¢** eontinued to agalnst th• Funthlslng Strategy wtth new actlvity plloled In This Comprised £481091 (2022 £509.6311 of regLdar ¢k)nat￿nS frorn sutvJrter4 £36CI,692 12022.. £317,985) from Trusts and FOLm(￿l1)ns. and £l68.259 (2022: £138.712) frcm other s(AKces, induding dwisional and individ￿1 vdurTrteer futhisirvJ eve¥rts and leg8ues lefttoitr* Chanty. ThrouglTh)ut 2023 St John Arrth￿nCe Cymw remairkyl registered Mtt) the F￿r￿raIsIn0 Regulator and worked in line with the C¢JJe of Fundlaisiny Pftctice across all Jrfundrai$ing activity. Therewerèno instances of ncn-compl¢nce wbth Ihecodeof Fundraising Practice. Our People Care to Share Oi,'r isiilLi*lppr and.£lall leedbaek survey- 'Care lo Share. look place in place ia November The survey remJins a important I￿1¢alOr of volunreer and ernployee engagement and saiisfacti()n. The survey remains an importaiil InoiLatur of volunteer and employee engagement and balisfaciion 'Care to Share, Is underplnned by the Net Protnotor Score INPS) methodology, which Is de.signecl to tsssess those who are highly satisfied or deeply dissatlsfied across Ihe areas including joblrole. organisaEion ISJAC!. rD.anagL3mont. ieam, Health. Safely & Well-Boing, personal development. Tho 2023 resulis providecl a valuable insight into staff and volunteer opinion on the charity ard the conditions they face while workin(J andlor volunteerino on lis beliall. The. bottnm 3 sl£temenis were'i feel like senioi m8nageTT*nt involve volunteers In Important deelslnns11 S?l.'I feel like senior rndnageis act un vvlunteei feedbaLk' {18".1 aiid'l have enouoh maieria12. ￿UpplIeS and equipmeni to carry out my Fole elfe¢lively119%1 The employee re5ultc showed an IncreaJe In response late of 3,0 compJfoJ wilh the 202? compleiioft raie. Jl ut (he overall satisfa¢iion score131 4%) repfescnied a docrcastt 01 4% compared wilh ihe pre¥'ious year Contributing factors 10 ihe overall sail- .faclion scoro are belioi'ett to bc Iinkod to fesrfucTurifflg and rccrultmtnt freezes underiaken to help deliver efficiencios and cost savings. Tho reduct￿17 In the ￿Umber of respondeiits and subsefjuent scores will ai learl partly have been due to Ihe recruitmeni freeze 8iid reslruciuring exercises underiaken in recent years lo deliker efficiencies end cost savings. The volunteer resulis 5￿We￿ è l'fj? inciease in il.ie overall satisfaction score, whlch reached as a resuli of p051tive Increases In dll but one of the six In31r, seomenis (you'r organisation. your maiiagemeni, your team. your lieaFth. safety and well-being and 5rcLir oer%onal development). with 'your lob. being equal lo the 20£? oco¢e133"1. The top 3 sL2tements for stsff Yiere '1 am proud to tell people what I do for a job, {62%). '1 am trusted to do myjob. (61%) and .1 feel line manager would be supporting and understanding In a personal crlsis, (60%). The lop 3 statements were There are good working relationships within my teaml division. (63%).'If I feel l am struggling to hit a deadllne, I know my team would step In and help me. (57%) and '[ feel my line manager would be supportive and understanding in a personal crisis. (55%). rhe bottom 3 >lgtemerits for ¢tttff were'l Sat',sfied with my level of pay 16%), I feel like senicr manwers ip.Kyol¥e st2ff in import3ni decisicns17%) ar.d.'I fEel like SJAC h8s a cl&ar vision for the future17-. I NRST AIDER In 2023 wo contlnued to modemls• ow polld•s, to •nsur• qood goY¢rnAnc• and d•or guldanc• for operational and activiti•s. Thi5 Included reviewlng and redeveloplng poSke¥ around Long W¢)rkiny. IA*nopaus•, Dom•stic w￿lefte•, Antl BrSbery, Equ•llty. DI￿rnity ond Incluslon. siCkr￿Ss acTOSS the entlfeyear decreased lo 5.65% In 2023. down from 5.4% in 2022. Fdlowing feedback Irom Stsff 8fKI volunteers. the Values Awarcs w8s introduced In January 2023 8$ a mechanism for recognising colleagues or members who had ad)ieved something exceptional, adding another means forour peop lo receive the p￿lse they deserve. A Menopause Café established tc support female hea and as a mech8nism to feedbackto tne Leadership Team, Heads of Seriicps 8nd Senior VDlun:eer Team, to help develop further policy work training and gener81 awareness. T*e numbe.r of lolunleers at end of Q4 in 2023 was 2,602 do'iin frow, 2.734 in 2022. A Strategic Review of the eDtire charTty was launched in October 2023. tho first phase of which Involved the removal of 25 roles and the reorganisatioll ol the leadership structure. This included ihe removal of the Director of People & Org8nisation81 Development and the Direcknr of finance & Corporate Services roles from the Execthive Leadership Team and ihe removal of the Head of operat￿)nal Support from the Leadership Team. The staff r)e8deount at end of 04 2023 wa5 217, compared 262 atthe end ol Q4 2022. These adjustments were aimed at enhancing our efficieney, driving clearer accountalj.lity across our le8ders, and enabled the CEO to focus on the organisational chaI￿ngeS we face. while enabling the Chief Operatin9 Officerto focus on incorne genwation. To the same end, some new roles were also created in key areas, inclLJding to atd the managemenL recwitment and retent￿n of volunteer4 with some of the recruitment ongoing at the end of 2023. Th*E were also other small changes to a number of exist￿9 staff Tdes 10 SUPPOrt ehanges in the ganisations structure. stjo TRAINER Stj Governance and Risk Management Governance and Risk Management Structure, Governance and Mana Organisational Structure The Charity Is bJsp(J in i.Lldlc-i¢ Wlth ils natlonal headaii(Iriers in CardilS and tftdes under the name St JL)hn A￿)bUlar]Ce ￿y[rirl1. ement All operations DI the Charity occ.ur directly within that enlily dLJrlng both Ilie CLtrrenl Jnd prior yedrs. The Chdrily has one trading 5ubsldiary. Maindy Esiaies Limited (No. 5162421, which Is whoilly owiied and whoge prlncipal dctivrty Is Ihat of prup'Erty owner&hlp. Iri addition. the ChaTlty had tlie following dorrridnt subsidiaries. eacli ol wliiLh is wholly owriEd dnct has been noTrlrading Ihroughoui both Ihe current and prior Y￿ars.. St John Ambulance in Wales (Priory foi Wales) (No 5071232) Sl John Wales P8iient Transport Lift)ited (No. 50-111261. St John Wales Training Company Liniited INO. 33181601. Order of Sl John Priory for Wales Tiustee Corporation Limiied129680-, The Priory Chaptef Iilie'Boaro', Ilie'Board of Trustees, or the 'Boaid (Il DireLtors) is the si',preme guvernin(J and leÉJitslative body of the Charity and ol an gffairs of the Charity within Wales. under ihe Sovereign Head and ihe Grand Prior. The Charity is one tsf I l auionomous Priori(Js thclt form The fv4osi Venerable Order ol The Hospit21 ol St John ol Jerusalem Iihe'order. oi (tre'order of St John'l. The Charity is governed by its Articlets ol A5￿claI10n and Èhese IiicorpoiBte the ru,les. which were approved by the Grand Prior ol Ihe Order 00 23 October 1999, uiider the auihorily ol ihe Ofdero Royal Charter and Slcilules The Both the Articles ol Asstsciation and the Regijlaiions of Ih.e Charily were subject to a con)p¥etrensli￿ review aiid updaliro, In consullation wilh il)e Order and the ChRiily Cornmission. The final ijpdaied Arttleg ol Asscc181i(Ji) were approved and 8dopled on JlJanuar¥ 21r-4 ard Ib.e updated Regiilalion8 on l FebruaN 2024 The Charity is organised Into seven legions ￿1th approximaielv 80 d¥vision.% operaling acros8 Wales. Thg piincipal aclivilies are-. Recruilmenl and Iraining of mefflbers ol the public In fiisl aid and c8re.- Provis￿￿ of first aiders at publii: events Traii'.Ing of ynung ￿eoPle Irvfn the ag- uf five- leaching ihein firsi 61d, Lare and general citizenship skills relEf of sickness and protection and Pfesetvalion Gf oublic health. through the proij.%ion lo hK.alih.Ibiihorillt'.-%. ho4pital) and tsihors. of serV￿e5 ir￿l￿dIng iPie carnage of ients and other IE JrLEpori rcauirefftenl5. The Ch3rity appoiinis TTU%tpes on the recom￿n￿allOn of n Appoinlinent P2nel irj the Board Thp Regulaiinns i)1 the Chariiy set aui tlE pr(cess fof Ihe recruiLTrfjI of Trusloes and ihe mernL*TJnty Bofough Council where was Pnncipal Museums & Heritage Offi(*r between 2007 and 2017. There, she was responsible for the S￿CesSfUl mar*agemenL developrrEnt and delivery of the Museums & Heritage Semce. rts siles, staff and volunteers. With a passion for volunteering. Helen has given hei limet0 5UPPOrt several chariiabk causes In¢1￿11ng the Cub SccAJls and IOCAI PTA. In her cuThent role, is responsible for Eeading on volunteeiing alld partlclpalion forthe Naiional Trusi in Wales and has brought her third sector expertise of volunteer-based charities to the Board SIr￿e February 2021. Tfre Priwi W8le4tiff Tbe Vtrrtyable Drder of The Ho:pl￿10. Sl JDb.h ol J*us¥leni James O'connor OStJ FCA CEnv MRSC Chair of Aurfrt & Risk Commlttee Jamesjoined the not-foi-profit sector in 2016 after over a decade wlth Pwc. the wortds lafgest fimi of professional advisors. A Fellow of the Institute of Chartered Accountants, James brings his experience of govemance, risk management and ￿akehOlder alignment to St John Ambulance C￿)r￿ where he has served as a trustee since early 2021. James is currently Direclor of Corpor*e Fin8nce at Pobl Group. Wales. largest housing association, where he oversees the strategic treasury approach for the loan and ¢apital ntsrkets ponfoliD to fund the development of more homes for people in need. He is also a tK)n-executive board member for other organisations supporting vulnerable people, co15aborative developmeni of energyefficient new homes and eff*etive use of heritage assets. Professor Jean White CBE MStJ RN PhD DSC Msc BN RNT Appoirted 24 June 2023 Prolessor Jean trained as a general nurse in Swansea and originalty praclised as a theatre nurse in W81es and London. Jean has held posrtK>ns in nunse edu(2tion. at the Welsh National Board for Nursing, Midwifery and Hffalth vi￿tIng. Health ProfessK)ns Wales and Welsh Government and was Chief Nursing Officer for Wales and senior adviser lo Welsh Government tyeTwe&n ?01(>2021 She has worked with the minisiries of several Fu10pe￿ cwnirie6 and is an adviser lo the World Health Organisalion. Now ￿tIred from thecivil semce. Jèan is a Visiting Professor of Nursing at Univefsity of South Wales. Independent Council Member at Bangof Univers1ty. Panel Judge for the naiional sr David Awards.. Tru￿ee of thp SoLrth Wales Police Youth Avrdrds". and in M￿h 2023 she began a 12 months role as High Sheriff of Mid GlarrNygan. Nick Stork FCA Chay of Finance & Resouvces Commlttèè Nid(. a Fdbw of the Insiilute of Chariered Aecjjuntants, became a irustee t John Arnbulance Cymru in ear￿ 2021. Wilh over 25 years CLYPOTrte finan(£ ènd ban￿n9 experience behin(J him. Nic* is now New Investments Fund Manager at DeVelop￿ent Bank of Wales. Dealing wilh laige corporate an SME tYJsi￿￿SeS on a dat￿ basi8, Nir* is no strangeT to advisino busines£es theirfvnding requirements both domesticalty and inle¥natioralty. Tr.e Pritxyforw&kn OfTtr.ePkntVttwab￿t￿d¥ ofTheHoWal0fSlJoMofJ￿1Salem i? Rhys Jenkins LLM MStJ Appoiiltpd 24 June 2023 Rhys has pracii¢ed as Barrister al Colleton Chan)bers Sin￿ 2019, focusing on Famity Law and Ciwl Law across the South West. Beyond a busy practice arid family lile, Rhys enioys giving his lime to organisations dose io hean qhys was a Truslee at Cardiff Universrty and the Cardiff University Students. Union from 2014- 2015 He also took on the role of Vice President Education during this Iirne. Rhys Was an Institutional Reviewer at the Quality Assuran¢e Agency {QAA) from 2015-17. reviewing user experience. academic rigour, and good governance. In his free limè, Rhys is a Cymru Councillor f(x MS Society. working with staff volunteers lo assist and supporl the delivery of the aims of the Society and promote its work. Shereen Williams MBE OStJ DL A Si JDhn Ambulance Cymru trustee since 2018, Shereen Is currently the Chief ecutive Officer of the Local Democracy and Boundary Commission for Wales LDBCWI. Prior to taking up the post with LDBCW in January 2019, she worked '.n local government for nearly a decade. As a local government officer. Shereen worked across Fast Cwenl. managing teams responsible for the delivery ol rategic PTiorilies including migration, preventing violerrt extrefflism, equalities and L'.ommunity cohesion. Shereen has been a eommuntyactsv5* for 15 years and has n interest in race 8nd diversity mtters, eohesion, and incknJsk)n. currently sits .3s a magistrate in Gwent and is a Board memberol the Instilute of Welsh Affaiis. Board Diversity Standing Committees A Mtal part of SUF*Krting cowrfnuiuties in Wales involves represeniing ihe people IhJi Ir4evrilhin them. St John Ambulance c￿rnru is committed to fostering an inclusive culture, bringing expertise and expEnences from a range of b8ckgi¢JJr￿s and sect￿S 8nd making sure voices are heard. Our aim to make wr board a broad church will be demonstraled once again Wh￿ work to recrurt the18lest coh¢xt of newTnJstees C￿lmer￿eS in earty 2024. Averagè Tntstee Tenwe (at end of 2023): 2.3 yeors. (2(r22 5.1 years). Trustees are app￿'nted for a threweat tetwn and may be Feappoinled for a second ihre*yearterm. aftei wh￿h Itw leaveihe &)ard after a maximum of syx years, except in the case of laking up appoinlrnenl as Prior. Chancellor or Priory Dean, in wh￿h case up toÈ flrt￿r six years in svch office is pemitted up to an over21 M￿rn￿M0f 72 ￿r5. The AudiL Risk & Govemarte Commhtee revltros the effectiveness of internal financial controls and risk management systems 2nd the clartty and cOMp￿enesS of discloswes in ihe financial *aiements of ihe Chartty and its subsidiaries The Committee will alsocor)sider risits presented from the Clinical Assurartt Panel. Furtherfnore. the Committee will ¢onsidef Governance arrangements and will provitle detailed assurance lo Chapter around the implementalwjn of the &)vwn8nce Revtew recommendations. The C(thmittee rn￿t$ four limes per year minimum and is chaiied lry a T￿￿tee. Tr.e thoryforWale& tsfTtre bAostVeDerthC*der of The￿os￿￿1 I:.rsi Jtrr. dJertssakYn Fina￿1￿1 Reuow¢e Commlttee Pro Flde Commlttee Tlii. FiiltinL5&1 Resobice Qowimlttee meets four times per year minimum and is chaired by a Trusiee with professional financia5 experience and qualifications. Its purpose is to provide financial oversight of the organisation and reparts directlytn Chapter. Membership includes boEhTrusiees and independent members. TlTre PFU Floe Curti¥lliitse advises the Prior on all spiritoal and ecclesiastical matters pertaining to the Charity. It elÈD iaKes note of guidance issued by the Prelate through Gtxnd Council. The Committee 3pproves foims of service and prayers us by the Charity. Membership includes seniE>-, clergy In Wales,, and the Priorys representative on the St John Collegè of Deans. The Committee meets twice per year and is chaired by the Dean of the Priory. People CoTrvnltta• The People Ctynmtttee provides assurance to the Board regarding the Ch3riiys responsibilities to all matters relating io volunteers. staff and cKganisatic>n81 developmeni. It also maintains a strategic overview of the Charitys people arrangements with a view to ensuring that these are dcsigned io provide 8 positwe environment for both edleagues and volunteers. The tommitiee meeis four times per year and is chaired by a Trustee. Membership Includes TnJslees and an Independent Cotntnittee Member. Supporting Committees/Panels St JOI￿ Hospltal Committee Tie Eye Hospi￿1 Confflitleos primary objectlve is to fundraise for the Sl John Eye Hospstal in Jerusalem. Committee meets at least six times per year. The Committee is chaired Dy ihe Hospitaller. The Committee is a supporting commrttee rather than a stsnding commtttee of the Board and does not hold delegated aulhority from It Board. As such, the Commifiee is chaired by the Hospitsller and is composed of independent Mernbe￿ appointed by Ihe Hospitaller in consultakn'on with the Prior The Honoiir% & Awdrds Lommittee meets 31 leasttwice geryear and recommends adMiss￿nS lo and promotions thin the Order below the rank of Krught and Dame, Ihe award of Priory Votes of Thanks and the award of Ihe ￿fe Saving Medal or a Certificale of HOn￿r of the Order. It can also make nominations for Ciwl Honours and Awards and promotions to Knlght OT Dame. The Committee is ehaired by the Prior. Memtyeiship includes Trustees and Independent members. Ftsndraising & EngBgwMrt C(¥n F¢Jndraising & Engaoemertt CoMMrtt￿exeTc￿ses strategtc oversight of fundraising strategy. rKJlicy & r%8¢t￿ ensuring lundTrising actNities are In keeping with the purpose, values and cukure of the Charity. The CorrKnittee also has governar￿e oversight of comunralions engagement aclivty to further raise Ihe profileof the Charity and publ￿lse the charitable impact public berEfrt. Metnbership inclvdes a minimum of tNoTrustees. Chair ofThg Eye Hosprfcal Comtniitee and tnthpendent external merrkners. The Commrttee 4timÈs pÈryea¥ and is thair8J by a Trust￿. The lkntsvf￿wafe$oTTF* Mthst Verwdjknthder ofThe ol&ththofJerttsai Leadership Team The key management perso[y￿1 to whom 1he Trusiees delegated day-lo-day managemtrf of the Charlty In 2023 are listed bek)w. It should be noted that durlng Decanber 2023. there wert changos to the leader$hlp team strucwre, ahead of the new finan¢lal year. Rlchard Lee MBE CStJ QAM FIMC FCPara Chiéf Ex•cutive Officer Richord joined St John Ambulance Cymru as Chief Executive Officer ¢Jtthe beginning of May 2024, following a Wear period as the Chief Operating Officer at St Johr) Ambulance in England. His efforts in this role resUl￿d in him being awarded an MBE for services lo healthcare during Covid-19 in the 2021 New Ye2rfs Honours List. He was also awarded the Queens Ambulance Medal f￿ distinguished ambulance service in the 2016 Queen's Birthday honours list. Originally from South Lc>ndon. bul having spent his leenage years in North Wales he is a Paramedic and also brings with him prebiDUS experience as Director of Operations at the Welsh Ambulance Services NHS Trust. He also saw active service in the Roy81 Air Force tJUrI￿ the Gulf War in 1997 and the UN operations in Bosnia in 1993. As well as volunteering for St John Ambulance in England during his time there, he also voljnleers for MEDSERVE Wales, a bRnch of the Brrtish Association for Imm9diate Care (BASICS} ¢harity. ndy Jone8 MW FCIPD- Int•rfm Chl•f ExetyJllv• (Mlgn•d MaT¢h 2024) Benjamin Savage MStJ lef Operaltng Officer Ben joined as Chief Operating Officer in June 2021 from St John Arr4JJlance In EngL3nd, where he was ftTSt a volunteer,therLAmbularTce (WatN)ns IAwr ffx s￿ater Manchester and latterly Head tsf Planning & Programmes for Event Planning. Haviro led and implement8J major impfovetnent txogr8mmes In his pwous roles and working and volunteering on thelront line acrossthe pandemic. 8en's passion for patient care and enhancing C¢)mMunttyseN￿eS has a constant of his career. David Monk MStJ FlnstLM MBA Clknl¢al Dlre¢tor Davidjoined WAC atthe W￿ning of￿uary 2023 with a br(kgd background in urgent and emergency care. Dwd has held senK)r leadership ra￿ in the NHS since 2008. A paramedic by profession, David has worked IA dinieal ro￿$ since 1997. Oavid has been a vohjnteer wrih St John AmbuL8n¢e sn Englarbd for 22 years. Davld holds an MBA and ￿ a fdlow of the Inslitute ol Lealership and Management. Dawd's role includes clinical leadershiK* and oversight ol all our actiwty. 'Wor￿n9 closely with clinical. quality and safety ￿8￿% his focus is on strengthening the Chanty's clinical govemdnce and developing the dinical Management and leadership model io support operational service ddivery. The forW8iesofThe MostVu*atAeO ofThe HosWofSI ofJ¢r Richard J Paskell MBE CStJ Chlef Volunteer Richard joined Si John Ambulance CyTnru Inttially as a Trustee in 2017. He was successfully aprointed to the role of Chief Volunteer in 2020. Since then he has ￿ on ihe modernisation of St John Ambulance Cymru volLFnleer structures and is a proactive, visible uniformed leader ol our volunteers. He is passionate about volunieering, something he has done for over thirty years with Various charities. In 2022. hg was appointed to the Most ExcEllent Order of ihe British Empire, by the late HM Queen Elizabeth 11. for servtees to Mountain Rescue and tothe ¢(mmunities tn SoLrth Wales. Aside fri)m his volunteering worl Richard works full time as a Specialist Crime Detective for Stsjth Wales Police. Dllrr•n PritGh4Td FCCA. Dk•ctor of Hnane• & Ci>rpor4t•.S•r¥k•s Iresig*d D•r•nthgr 2023} St Jahn A4*ibulance URSF I Ihe M- r+Yw--.Nefktrr -.ncf. ol, Risk Management AC has an integiated Risk IA8nagement Framework wFthin which It operates. ensuring lh￿ all significant risks are identified and assessed, controls are introduced, and rernedial action taken. The Framework dictates that the risks and associaied mitigating actions are monitored mDnthly by thÈ senior management learn, and reported quarierly to ihe Addit, Risk & Governanknecommittee and in turn to the 8oaid, Whe￿ necessary The Risk Register Is regularly revised and reviewed quartedy by the Audit, Risk & Govem8nce Commrttee. The Register tskes aecount of best practice guidelines issued bythe Charity Commission and forms 8n essential element of SJAC'S govemance arrangements. Good risk management prc>vides the organisation with increèsed confidence in achieving Its desired outcomes, consliains threats to acceptable levels and assisis In taking infomied decisions about exploiiing opportunities_ The primary risk toihe Charity for 2023. is its continued financial recovery following the pandemic, ¢ompounded by the significant inflalionary pressures whth gave rise during the secolld halr of the year. the cFiarityS increased running costs. further compounded by societal kwrdship ieveL%, impaciing furrdTrising. Th• prinrlp•l r*s f•cqd by th• Chartty ar4: Ilquidity rlsk- ensuring sufficient cash av8ilaknlity to fund our ongoing charrtable operations whilst not depleting investment reserves, finan¢l818t4blllty rt8*- buildiD.g predictable and su￿al￿.ab1e financial surplus wsitions following the disruptive years of Ihp pandem¢c', ¢llnl¢al rfsk- maintaining the right oversight to ensure clinical care delivered continues to be excellent,. af4w•rdlng rlsk. continuing to prolect chiNIM arKI vulnerable a￿U￿S with the right cu1tt2re, controls and ovefsight., regulatory rr¥k- ensuring compliar￿e with changir regulations around the services we deliver the information we hokl and manage, and ihe iegulalory bodies to we are accountable, cyber fisk- vigilance against the iisk of incuision. disruptlo fraud or data loss." and 11g¢t rtsk- ensuring the right ongoing investment is made in our vehicles and drivers to ensure Safe and efficient operation. 00 Thank you so much lo the medical team In the first ald room in the Principality Stadium. l am so sorry ihat I don't remember the narne41￿. I would stlll love to extend my deepest gratitude for their swiporL The klndness they showed was unmatched and I Iruly felt cared for. - cele￿ fwho was attavjing concert * the F￿?￿lP81￿ strdium Reference and Administrative Details Name The Priory for Wales of the Most Venerable Order of the Hospit31 of St John of Jerusalem Other operating n8mes St John Ambulance Cymru Reglstration numbers Company- 05071073 Charity- 2S0523 Address.. Priory Hous•, B•lgnon Close. O¢•an Way, Cardiff, CF24 5P8 Telephone.. 031x1 2011999 Website." t•WM.sjawru.org.uk TRUSTEESIDIRECTORS {Chaptw) - Paul Giilfitls IPriorlChair} Sir PaLA Williams (fomier PriorlChair} Caryn Cox Ichancelbrl Rev Desmond Kitto Iformer Acting Chancellor) Rt Rev Da￿1￿ Morris (Priory Dean) ApFK)inied 24 June 2023 Res[gr￿d 24 June 2023 Chancellof from 24 J￿e 2023 Resigned 24 Jane 2023 Emity 8ristDW Rhys Jenknns James O'connor Nth￿s Stork r￿llian Knight F¥of Jean While Sherw Williams Hden Willson P(of Kemn DavEs Resi￿ 24 June 2023 Richard Pasketi Resignerl 24 June 2023 Andiew Mitchell Resiw 24 JurE 2023 F*cryforWale30f Ilie Most VÈY*r8t4eOrt1er oFThpWosFknI(rfSt John ofJeriJsaknn ADDITIONAL OFFICERS OFTHE PRIORY Dr. Robert Broughton, Archivist/Librarian John Petrie, Director of Ceremonies Dr Akram Baig, Hosprtaller Standing Committees AUDIT AND RISK COMMIThEE James O'connor (Chair) EMI￿ Bristow Joined 29 Noyember 2023 Caryn Cox Rhys JerFkins N￿hOlaS Stork Joired 24 June 2023 Prof Jean INhite Joined 24 June 2023 Prof Kevin Davies Resigned 24 June 2023 FINANCE COMMIThEE Nicholas St(Irk (Chairl Paul Griffiths Joined 24June 2024 Rhys Jenkins stephen Nash (independent merriberl James O'connoi Joined 24 June 2024 Joined 7 February 2024 Rev Desmond Krtto Resigned 24 June 2023 Resigned 24 June 2023 Andrew Milchell PEOPLE COMMIThEE Caryn Cox (Lhairl Marc Penny (independent membe¥) PrDf Jean White Juined 24June 2023 Shefeen ￿lliamS Hel￿ Willson Rev Desmond KittLI Resigned 24 June 2023 drew Mrtchell Res'.gned 24 June 2023 TF.e Pri()fy itsrv1d￿ rA ltr.e Mu'l Venera￿@ (Nder ofTIE Hospilal o,, ofJ￿il￿a1￿l FUNDRAISING & ENGAGEMENT COMMITTEE Helen Willson {Chairl Mike Managan (independ￿t membeY> Rl Rev David Morris Alison Pritchard lindependent member) Shereen Williams Prof Kevin Davies Resigned 24 June 2023 Resigned 24 June 2023 Andrew Mttchell PRO FIDE COMMirrEE Rl Rev David hAorris ICh8irl Rt Rev Gregory Carne￿￿ jindependenl member) Rt Rev John Dawies IinderJend&nt member} Rev lan Howells lindependenl member) Rhys Jenkins Rev Canon Sarah Jones lindependenl merrtberl James O'connor Joined 24 June 2023 Joined 24 June 2023 Rw Cani)n Alan PIer￿JoneS (independent memb@r} Very Rev Dr Sarah Rowland Jones (independent mwnberl Rev Desmond Kftto Restqned 24 June 2023 HONOURS AND AWARDS COMMITTEE Paul Griffiths {Ch8ir) Caryn Cox Sheila Davies (l￿ependent mewnber) Cdin Jones {Independenl member) l)avid Melding {independem Mern￿) Richard Paskell {independ￿L memtw) Petervaughan lindependem meml)etl Prof Kevin Davies Joined 24 June 2023 Resigned 24 June 202i Sr Paul Wllliams Resigned 24 June 2023 SUPPORTING COMM[￿EES. The Priory fvrwth ofTtre W)st Ver*r8blèOrd ofThe H￿Atal￿Sl￿hn o[Jer￿saleM EYE HOSPITAL COMMIThEE Dr. Akiam Baig RiLhard Baxter SiaTr Burke lona DavKI Lyn Cliflon.Dawes Matthew Kedts Ruth Lewis Paul M. O'shea David Peters Granville Thornas Maria Thornas Richard Thomas Diane Davies (Secretary} Richard Paskell (resigned August 20231 (resigned October 20231 hAicha@l Flanagan BANKERS Barclays Bank PLC. I Churchill Place, Lon(k)n El 4 5HP SOUCITORS Blak¢ Nnorgan LLP, One Central Squa￿, Cardiff CFI O I FS INVESTMENT MANAGERS win IHpFun Ltfl S Callaghan Square, Cardiff CF10 58T INDEPENDENT AUDITORS 2cts Audit Scivices, Ty Derw. Li￿￿Tree Cour( Cardiff Gate Busines& Part Cardiff CF28 8Ae Tr,e P￿rty.,0r Wèk5 DfT*,e mosiv￿bIetrd of The Hnsptal ()rsi.i(*m olJwus8 26 Responsibilities of the Board of Directors The TnJslees IWFK) are also d1￿ClO[S ofThe Pt¥Jry for Wales of the Mosi Venerabfe Orderof the Hospital of Si John of Jerusalem forthe purrx)ses of wrrpany lawl are responsible for preparing theTrustees' iepK)rt Cinccfporating the direclors, report) and the financial staternents in accordance with applicable law and United Kingdom A￿OUnting Standards, including Financial Reporting Standard 101- The Financial Repcyting Standard applicab￿ in the UK and Republ￿ of Ireland (Uniied Kingdom Generaltyknepted A￿￿Inting Prathcel. Company law requires theTn￿ee$ ￿ prepare financial statemerrts for each financial year which give a and fair view of the state of affairs of the charitable cnnpany and the group and of the incxjme anij expenditure. ofthe charitabfe group for that per￿d. In pieparing these final￿la1 siatements, the Trustees are reouired to.. select suitable accourrtiThJ ￿lICIeS and Ihw apply Ihem consistendy," observe the aThJ pinciples in the Chartiies SORP, rrfjkejudgm￿ts xcouniitwJ estimates thai are reasonable and prudenL state whether applicai4e UK Accounting Standards have b￿￿ fdlowed, subject to any matwial departures disclosed and explained in finawal statwnents, and prepare the fiTrsncial S&￿ements on the going concem basis unless It Is inapprcprlateio presumothat the charitable company wlll comiThJe in business. The Trustees are responslble ft)r m8lnlalning proper accountiro ￿CordS which disclose with reasonable accuracy al any time financial posttion ofthe Charrtab￿ company and enable them to ensure thatthe financial statements comply wrth the Companies Act 2006_ They are also reSt%￿SIble for safeguarding the assets ofihe charitable ccrnpany and the group and hence for taking reasonatrAe steps forlhe pr￿On and deteciion of fra￿j and thher iffegLlatil*S. In 80 fara8 theTru8tees ¥R awart: the￿ is no reknm audit infm8tion of which ihe ch8rtt8ble ¢ompanls aLKJitors are Ltnaware: and the Twstees have tsken all steps thatlhey ought to have taken to make t1*m$d￿ aware of any rewanl aud information and to estatAish theaudttys are aware of that infomi8tion. The Trustees are responsible for the malntenance and integrity of the corporate and financial information included on the chartable companyb webstte. Legisfth'on in the United Kingdom governing the preparati￿ and dissemination of financial stalements may dlfferfrom legislation in otherjurisdicbons. Approved bythe Board of DIrectO￿ on 21st June 2024 and $lgned ￿ Its behalf by. Paul Griffiths, OBE KStJ OL Pmor for Wales and Chalrofthe Pthrd Priwf(*Wales olTheMostvenetob￿0rd ofTrHLWtd OfSt￿￿ofJtr￿￿ft 11 EVENTS Independent Auditors, Report Independent Auditors. Report Op1￿ that, individually or collectively. may east significant doubl on the group or parep'i charitable company's abillly to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for i55ue. We have audited the financial staternents of The Priory for Wales of the Most Venerable Orderof the Hosprt8101 St John of Jerusalem {the'parent charitable company) and ils subsidiaries Iihe'group'l for the year ended 31 December 2023 which comprise the consolidated Statement of Financial Activities. the consolidated and parent Balance Sheet, the consolidated Statement of Cash Flows and notes to the financi81 st￿eMentS. including significant counting pdicies. The financial reporting framework thal has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial ReporLing Standard 102 The Financial Reporting sian(lard applicable In the UK and Republic ol Ireland (United Kingtyom Gener311y Accept￿ Accounting Practice). In our oplnion th• financial Ststsments: Give a true and fair view of the slate ol the groups and parent ch8ritable company's affairs as at 31 Decembw 2023, and of the group's Incorning resources and application of resourcts, including ils income and expenditure. for the year ihen ended., Have property prepar￿1 in accoidan(* with Unit8J lQng(tr)m Generally Accepted Accounting practi￿.. and Have been prepared in hccordance Mth the r4uirernents ofihe Companies Acl 2006 Our responsibllilies and the iesponsibilities of the Trustees wrth respect to going concern are described in the relevani sections ol this report. Olher Infonnation The otner Intormation cpmprises the information included in the Trusiees annual report. other than the financial statements and our audilorfg report theretsn. The Trustees are responsible for the other information coniained within the annu81 report. Our opinion on the financial stalemenis does not cover the other information and except io the extent otherwise explicitly stated in our report, we do not exwess any form of assurance conclusion thereon. Our responsibility is to read the other information and in doing so, consider whether the other information is materialfy in¢onsisieAt with the financial statements our knowledge obtained in th.e urse of the audii or Dtherwise appears tts be materially misslated.11 we identify such material inconsistencies or apparent material missiatwnenls. we ale requi￿ io determine whether this giveo rise to a material misstatement in the [inar￿131 statements Ihemsefves. If, based on th8 work we have performed, we condude ihat the￿ Is a material missraiement of ihis other inforrnation, we are. requi￿ io report that fact. We ajndur.ed ouraudrt in accordance wrth InIem￿￿￿￿I Standards on Auditing IUKI IISAS tUK]l and appluble la￿.. Our responsibilities under those standards are fwther described in the 2uditorfs responsibilities for the au¢Jil of the financial statements 5eclion of c¥Jr Teport. We are irydependent of the grcAJp and parerjt chaTitable company ccofdance wrth ethical requiremerns ihai are relevant to our a￿JIt ot the financial statements in the UK. InC￿ding Ihe FR s Ethical Standard and we have fulfibled our othef elhical responsibilities in ￿OrdanCe with these requiremenrs. We believe that the atjdit evidence we have obiained is sufficient and apprffjKiate lo pn)vide a basi5 for our opinion. We have nothing to ￿port in this regard. our ¢pinion. b•¥ed on the work wd¢rtak•) in the cowso ol Ihe The information given In the Trustees. report {inCorpora￿ng the stiategic reporL and direcrors fem) For Ihe finanaal year for which the financial statements are p￿pared is con•islent with the fin￿ck91 statemen14 and The Sirategic ￿port and the direct￿$ report induding rhe ffustees repon have been Prepared In a¢wr(fance with applicatAe legal fequirements. Mallers on which we are rewired to report by ex¢q>tion In l#Jht of the knowledge and undefstanthng of the grwp and parent charitable company and ¢ts enVir(￿rn￿t obtained in the course ol the audit, we have not identsfied material In audiling *￿e financial siatements. we have eunduded that IhÈTrust￿s. use of the going cix)cern basis of accountiro IA the preparation of the finantial statements is appn)prsate Based on thework we have ￿rformed, we have rK)t ideTrlified any maTrrial uncertainties relating to events or condilh)ns Tl* F¥wforWO￿5￿IThe Most V¥*r¥trAe thdev of r* Hosptslofst ￿hr*ofJ￿USa1lYn misstatemenls in the strategic repoil and the dire￿Or$. rewrt Indu(kd within the Trustees repori. Reasonable assurance is a high level ol assurance, but is not a guarantee Ihat an audit conducted in accordan( wrth ISAS {UKI will always detect a material mi59taiemenl when tt e￿51s. MisstaleThenis can arise from fraud or error and are considered material if, individually of in the aggregate, they could reasonably be expected to influence the economi¢ decisions of users tsken on the basis of these financial slaternents. We have nLthing lo report In respect of the followi mattern In relatlon to whl¢h tho Compan1¢$ Act 2006 requires ￿t0 reportto you rf. in our opinion.. Adeouale accounting records have not been kept by the parent charitable corFipany, or returns adequate for our audtt have not been received from branches not visiled by us. or The parent charitable eompanls financial $18temeMs are ntx In agreement with the a¢cwMing records and reiurns-, or A funhÈr descripuon of our responsibilities is available on the Finan(ial Reporting Councils website at.. https'.l/www.frc. org.ukllibiarylst8ndaids-codes-policy/audii*ssuranctrand- ethi¢s/auditors-responsibilities-for-the-audiV. This description forms part of our auditor's report. Certain di%losures of dire¢lors' remuner8tlDn specified by law are not made", or We have noi I'eeeNed all the information and explanaiions we requi￿ ￿ our audit Éxtent to Whith thè Audit Consid•red Cthpabl•of I D•t•¢tlng Irr•gdwlll88. knO￿d￿9 Frwd Iriegularities, Inclvding fraud, are instances of non- compliance with laws and regulations. We design procedures in line with our responsibililies. outlined above and on the Financial Repr>rtiro Councils websile, to detect material misstatemellts in re5pecl ol irregularities, inc5uding fraud. R•spon*bibties of Tn￿1•*$ As explained more fully In Ihe Trustees. responssbilities statement set out on page 27. the Trustees (who are also the directors o* the pa￿nI d)aritable company for the purposes ol company law) are restx)nsible for the preparation of the financial statcyrents and for being satisfied thai they give true and fair view. and for such internal control as the Trustees determine is r￿eSSary to enable the preparation of financial slatemenis that are free from materHI misstatemenL whetherdueto fraud or error. We obtain and update our understanding of the entty, ils activities. Its control environment, and likely future developments, incl¢Jding in relaiion lo the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of ihe financial statements, whether due to fraud or error, deslgn and perform audit procedure5 resrK>nsive to those risks, and rkntain audit evidence that is sufficient and appropriate to provlde a basis forour opinion. This includes consideT81ion of thè risk of acts bythe entity that were contrary to applicable ]aws and regulations, including fraud. In preparing the finana81 staternenls. Ihe Twstees are reS[x)nsib￿ for assessing the groups and parent charitable companls ability to continue as a going concem. disclosin as applicable. matters rdated to going cor￿eM and usinq the going concffn basis of ￿cOUntIng unless the Trustees either intend to liquidate tlie group or parent Charti8b￿ company or to cease operatKfftS. or l)ave rK) realistic alrem8tNe txjtto do so. In rsynse lotht of iwl•rtlies and wlth laws and regulailons, Indudknig trav￿ we d•slgn•d Enquiry of management and those charged with g0Vem￿}re around actual and wtentkil litioatK?Tr and ¢l*ms as as aclual. suspecied alleged fraud.. Reviewing minutes of meetings of those charged wilh govemance., Flnanclal Statanents We have apprmnted auditor under the Companies Act 2006 arhj report in accontsnce wtth this Act. Assessing the extent of compliance with the laws and iegulations consideied to have a direct materTral effect on the fin8ncial staten￿t$ 01 the operations of the entsly through eiwuiry dnd insper.tion', Our objÉrtNes are to obtain redsonable assurdnce about whether the financial ststernents as a whole are free from matsrial mi$st81emerii. whpther duè to fraud or eThor, and to issue an audrtorf% reporl that includes our opinion. The Pr￿￿Y for W8lesofThe Mosl ve￿ra1￿e0rthT ofThe Hospiialof StJoMorJÉ￿Etsakn￿ Reviewng financial statement disclosures and testing lo supporting docU￿￿nIall0n io assess complianee with applicable laws and regulations," and Perfgrming audit w(Mk over the risk of management bias and override of controls, including Icsling of ioum81 entries and ￿her adjustments for approp¥iatenes& evaluating the busine55 rationale of signfficant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias. aware of instances of norpcompliance. The risk of not detecting a material misstatement resutting from fraud is higherthan for one resulting from error. as fraud may involve collusion. forgery. Intentional , refiectlng ontroff r•stru¢turing ¢o¥ts and 10$8es on exftlng Contracts whlch are not exp￿￿t0 re¢w. Arntxjlar￿e OperBlirJns income reduced 14% 10 £3.8m12022 £4 4m) as unprofitable and non-core contracts were brought to an end. The composition of this revenue is also developing. with emerging areas aligned wrth our core comWenc￿s such as Falls Response, Vinual Ward and Mental Health provi%ion representing an increasing proportion. Wtykplace Training incorne re.duced to £1.5m12022" £1.7ml. which was a disappointing resuli reflecting the post- pèndeimie sl¢)w retum to normal classroom fill raies dunng Ihe first half of the year. Resuks In the first I￿11 of 2024 have been sirong as this key sw¢¢e has returncd to a rnathed growth trajectory. Donations aryj legacies amounted to £927k and èccount for 12% of the Charitls lot81 incoming resDurces12022.. £922k- I 1%). Donations and18gacie5 ale generated through dOnat￿n$, via lundr3ising by our volunteers at a local levd triroughout wa￿$. and through ourdedicated fundraising departfnent who secure income from trusts and foundations, legacies. and other sources. The ￿5t of generating this income. described as expendituie gn raising funds., was £771 k12022.' £598kl, and includes ihe cosl ol the Marketing and PR Team which supports the wider needs of the organisation. The dIr￿t cost of raising fijnds was £607k12022'. £460k), an increase of 30%. All funds of the Charity not immediately required to be used or applied lor the ordinary purposes of. Dr in carrying out the obiecls if, the Charity, subjectto theierms of any IrusL may be invested by the Board on behalf ol the Charily in any pemiitted investment. Investment income, whieh includes inteie5t eamed, was £69K in line with the k)reviou& year (20¢2' £-12kl_ In 2023, there were gains on investment assets of £68k12022'. losses of £203kl. The total retum on the p￿01￿> fof IFE year was 8.4% compared with the benchmark retum of 11.14%. Ttro Charity has a number ofdNersthed ineome stre￿S and is not dependent on any one single organisation for sales Qf funding. The Chartys income streams a￿ gradu?lty rebuilding folkNNing the pandemic. There remgin a number ol significant finar￿131 ehallenges ID the years ahead. and ttE Cr￿rItY Is impkmenbng plans to respond to the changing economic and fvnding environment and lo ensure ih8t ttE org￿lSa1?0nS impact continues in the fthure. A further deficrt is likety in 2024. but the sale of ￿n￿ed properties and drawdowns fr￿] investments will fund this arwj a 2025 surplus Is lorecast. Events income increased 2￿- lo £1.7m12022'. £0.9m). ¢eiuming lo more typical pr&pandemic levels. This indudes a mixture from largfrscale stadium ojncerts and olhw mass headlirE events to iconic Welsh wer*ts such as the Roydl Welsh Show to small. bcal evenls that are imrK>nani io the ltteAI ?￿MmUnItieS ol which ourvolunteers are part. WeixJnts"nue to invest in proMding free communty first ald training all across Wala£ as well as our raft of pryanynes lor children and ￿Ung people. These activities geneFaled Ir￿(￿￿￿ of £7.￿l2022.. £1.Oml. which has ¢overuJ a grets proporttonofthe asSoc￿ed £2.2m delivery ￿st (20￿. E2.7m). Taking all these factors inlo account and hamng rewewe fub￿ cash flow projections, the Trustees beliEve the Charty is alAeto rnanage its business and financial Fisks and have a reasonable expectation that the Charty has adequate resources to continue in operan.onal existence lor IFE I0￿*able future. The bala￿e She￿ remaths strong wilh net assets of £5.4m (2022.. £6.3ml. This Ir￿lu￿￿ reducir¥J the over(Iraft FositK)n by £0.3m. Wriilst a decision wes taken to invest some of Y￿￿￿ntS to effect ihe sir81egie Review tr&1sf￿rnation. there remains a signtheant £l.7m balance (?022'. £2.Iml of unrestricted Investments which the Charity can call UFX)n as needed to support liquidity. as well 8$ the ongoing bank overdraft faeilrty. Tke FIK￿r￿￿*S0fT￿ Mostvewabkio 01T￿ FtO4iialofSt￿￿ ofJewlem Reserves Policy Frne ReseN I￿ line with begi prath￿e. the Charity aiid yroup reviews Its wli¢y for holding reserves on an annual basis. At 31 L￿￿mber 2023. Ihe fLSnds of tl)e group are a I'he TIustelJ￿tr consider that it Is importanl to maintain adeqijale. free reserves both to enstire the future viabdity uf the Charily and to ensure Iliar in the eve.nt th41 the Charilys luny-lwm viabllity is in duubt, We dre able to meet our obligations aiid COlTimitinerit¢ lu those individuals 3rsd orgdnisdtions that WLYk in parliielship with u5, paritc.ular(y uur Staff, volunteers iind suppliers. follows. Restrfcted income furMIs: 1,224 Unrestricted income ￿nd5'. SJAC relies heav11y on four main revenue streams." Ambulan Operations. Workplace Training in first aid, Events first aid ulies and income from Fundraising. Workplace Training and Events Income is contracted, bul not to a levd which provideR long-ierm security. Fundraising income is by nature insecure. cannot be guaranteed and c8n potentialty be significantly impacted by changes in the economic ￿vIrOnMent, with many charities already finding It more challenging to raise fijnds via grants and donations. Fixed asset propert) reserve gevalualian reserve 2,517 435 Herilage assets valuation reserve Other charrtable funds 115 1,721 Total Charity funds 5,41'2 Wrth the above in mind, IheTrustees consider that it is prudent lo mainlain a level of reserves that would ernsuie that in the event of serious difficulty or i￿81nesS continuity issues. the Charity would be able to function for a set perioj. Thp drfferenl areas of the business have been consideied eparately, but theTrustees seek lo ensu￿ that Ihe ongoing eraiions of the Charity be p¥otecled lor up to srx months, allowing time and opportunity akemative solthions io be S¢MJght ￿ in the very worst case,the'wind-wJ' of orMgtK)ns. Ott this basis. the ChaTrty is seeking to incréase free reseNes to approximatety £2m. Restrithed funds are those funds for which use is specificaly restricted. they are not available for the general PUlPKtrses of the Charity. Unrestrirted funds are ￿ndS which are available for use, though some funds may only be realised by the disposal of asseis These include the Fixed Asset Propety Reserve, the RevalUat￿n Reserve and the Herttage Assets Valuation reserve. The remaining unrestricted income funds are those which a￿ readily available for use and indLKle 'Olher Charitable Funds,. To ¢akukle the optimum I￿e1 of reserves, we have apph'ed different calculations to our Irading activil*S' than to our chanbble activity and theTruslees have taken a caulious approach with no less than six months ol expenditwe availablc. The Charily seeks to safeguard ihe imporiwi conlribution volunieers make io society and the comrThJnities of Wales. Having these funds available should ensure our ability lo do so. Free iesewves ai ihe eThJ 012023 are £955k 12022.. £1.52m}. wrth the threase attrt￿table to Slrategic Review 8¢tivities during the year. The Pllory forwa￿ of The bA¢Jst venér8b1èc￿ ofThe Hosp11￿ of SlJohnofJerusa HN114' st If ni, AMBULANCE,, . Financial f7. - Statements Consolldated Statement of Financlal Actlvftles (incorporating an income and expenditure account) Year ended 31 December 2023 , Note Unrestricted funds Restricted funds Totsl funds 2023 Total funds 2022 Ineome and endowrnents from.. Donats'on$ and18gacios Othertiadkng a¢￿vItIeS Investrnents 623.369 126,933 68,743 819,045 303.297 926,666 126,933 68.743 1,121342 921208 144231 71058 1,138.497 303.297 Chafftable athltles Provision of first aid and youth developrnent Ambulance and transport service8 Fir￿ aid training rst ald woducts 1,399,947 3,764.616 1,460,813 84.176 IA84.123 3.764.616 IAOO.813 1,022260 4,371.117 1,668.252 44,370 7,105.999 6.625.376 84,176 6.7D9,552 Totsl Income and endowments 7A44,421 387,473 7.831,894 8.244A96 Expenditure on.. Raising flthds 751,484 19.916 771.400 598,231 Charftable activities Provision of fir￿ aid and youth dèvel¢)pm8nt 8.10 Ambulance and transport serviees 10 Flrst aid traini io FIN aid products 10 1,704214 4A82.091 1340222 480A64 4.772 10.504 1184.778 4886,863 1350.726 1086,407 4.759,343 1?79,486 30356 8,25S,S92 7,926.627 495.740 8.421367 Goveman¢e 10 21070 21070 21,950 Total expendmure 8,700.181 51 &656 9.215,837 8A75,773 Net ga￿$/0988eSI Inv￿me￿$ Reallged ga1[￿l008$e$I on investment asset8 Unrealised gain51llossesl on InV￿meM assets Net 18 71.890 71,890 (20,493) 18 13,6311 11.187.501) 13,6311 (128.1B31 11,315,684) (182.0941 (833.864) Transfers betr4een 14.866 114.8661 Other r8eogni$od gainsllosse$.' Profft on sale of assets Net movement in funds 467,503 1705.1321 467,503 (848.1811 360,776 (473M881 1143,049) Reco￿11[al￿On of funds Total f¢Jnds brought forward Total lundg carded fO￿￿d 27,28 28.29 4,893.553 4,188,421 1367,010 1,223,961 6,260.563 5,41Z382 733,651 6.260,563 The p￿)ry r?rVldesafTPe. MtsStVe￿ra￿(kder of Hts%piaiofSI JthThofJvru&Trkni All activities are continuing. OtheT recognised gains wHJ105ses forthe curienl and the prior financial year have been thwn in the statement of financial acuviiies and. accordingly, no separale stslemenl ol Ioi(Il f￿nIsed gains and losses Is presented. The surplus for the yeaT for Companies Act purpos￿ ccrfnpnses the nel deficit forthe year of £1,383,9431?022. £631,277 defictt). gains on inve*ments of £68.259 (2022. £2tr1587 h%sesl and profrt on bale of assets of £467.503 (2022.. £360,776), tthalliThJ a deficrt of £84&181 {2t)22.. £4?3.￿ defic(t). There is no material difference between the net defifii ftx the financial year stated ab(￿ and hi￿oI1c81 costs eouivaknt. There ¥e no movementg in fijnds other Ihan as stated above. URGENT Consolldated Balance Sheet as at 31 December 2023 2023 2022 Note Fixed ass￿$.. Heritage assets Intsngible assets T￿gIble assets= Freehold and leasehold properties Vehicles, equlpment computers and other ￿n￿stmentS 15 16 114.730 118.579 114.730 161825 178 3,790.120 3.943,615 17b 18 337279 1.661743 6,023,451 351,183 1106.174 6.678,527 Current ass￿8.. Stock Deblors Invesknents Cash at bank and In h8nd 20 21 1,134,958 4,029 20.503 1,159,490 1,588.868 4,029 26.398 1.619,625 Llabllitles.. Creditory.. amcHJnts falling due thin one year (1.738.075) (1.969.655) Net currem liabilrties (578,5851 {350.030) Total assths less ojrrent Ilabllltle3 5.444.866 6,328.497 Cr*dttors: amounts falling due after more than one year 23 (32.484) {67,934) Nèt assets 5,412.382 6260,563 The funds of the Charlty: Restricted Income funds Unre$tri￿ed income funds: Other charltsble fLmd$ 2829 Flxed as8et property reserve 2829 Revaluallon ieseNe 2829 Heritage assets Valuati￿ reserve 2B29 Total Chartty funds 2729 1223.961 1,367,010 1,121293 1516A44 435,554 114,730 &412,382 1.701,812 2,606,791 470,220 114.730 6260.563 ThefinaKial statements were approved bythe Board rA 21 June 2024 an4d were signed on its behalf b Paul Grlffths. Chalr James ￿coM0r, Tnwtee Charity Balance Sheet as at 31 December 2023 2023 2022 Fixed a&8et$'. Herilage 4$sel e assets Tan9ibfe a Freehold and Eeasehold woperties veh￿￿$, equipment coMp￿e[S and other Irvestmen 15 16 114,73(1 118579 114,730 161825 17a 3￿120 3.743.615 17b 351.1B3 18 18 1.66Z743 57.187) 5ml.640 2,106,174 57,189 6535,716 OU￿[ invegiments 330 1ffj00.549 4.029 24A)14 1h28,9Z2 20 21 1.147.118 4m9 Cagth at bank and in hav*J 1.170137 Credirtofs amwntslalling due wltrAn Lyle year (1.780.543) (zir21431) Nel current liabilities (609,706) c393,￿9) T*)tal as$ots less curreth liabilities 5,270,934 0.141207 Creditors: amounts falling thje after MO￿ ihan i)neyear (3W4> (67,934) Net assets 6074.273 The funds ofthe Charty. Restricted in¢cme funds Unrestrlcted Income funds Other charftable lunds Fixed asset property fe$eNe Revaluatlt)n reserye Heritage &8sets valuatlon reseNe Told Ctharty furKI$ 2729 1,223,961 1.36?￿10 28,29 28,29 28.29 28,29 1,147,361 1509.344 243.054 1 14,730 5238,450 1.715,S22 2,599.291 277.720 114.730 6.074,273 Th• notss on pago$ 41- 66 form part of tho finanel41 ststements. The financial statements were 8pproved by the 8oard on 21 June 2024 and were signed on its behalf by: Paul Grffflths, Chalr James O'connor, Tn iorwales of The Most vell8rat￿ arder 0fTheF1Wt￿ ofst ￿￿ofJeW5a Consolidated Cash Flow Statement Year Ended 31 December 2023 2023 2022 Note Cash expended on operating 8Ctivitles Finance costs 30 30 {555.108) 1471166) (31.597) (23.610) Net cash used In operatiThJ athivities 1586.705) 1495.776) Cash flow8 from investiry aclrvilies= Dividends, Interest and rents frorn Investhients Purchase of tangible fixed ass￿$ 18 77alb 68,743 72.058 1131.305) (183.167) Purchase of intsngible fixed assets Proceeds from sale of investments Purchase of investments Proceeds from sale of tsngible r￿ed assets 16 (3,310) (70.114) 1.043,678 250.076 (531.988} 1247,280) 51 IB27 419,407 Net cash provided by InVe￿o￿j 8Ctlvrtle8 957.645 240,980 Cash flows from financing activities-. Repayments of asset purchased vla flnance lease Repayrnems of m(Wtyages Repayments of loans Cash inflows from new boThowiry {10,443) (10.551) (39.028) (39.774) (103.764) (84.616) 53,450 24 Net ca8h used in fIna￿Ing aotiYriie$ 31 199.785) {134,941) Increase/(de¢rea8e) in cash and cash equiv?lerrt$ in the year 31 271.155 (389,737) Cash and cash equlvalents at l January (331,3901 58,347 Cash and cash equivalents at 31 December 31 (60,235} {331.390} Treyw￿fr*wa1e90f The IlL￿Ve￿WaI￿EOrdef oFTrHoWld ofsitrkn ofJfyw Notes to the Financial Statements Year Ended 31 December 2023 1 . Accounting Policies The '.ollowing aDcoiJnTing policies have been used consislenuy in de41ing with items which are ¢(￿sIdered material in relation CO ttte Charitys financial state￿￿1$ financial statements represent the consolidated f￿an￿al position of the Group. Thi5 Includes the results of St John Wales Training Company Limited. St John Arr￿UlanCe i Wales (Priory for Wales), St John Wales pat￿nt Trafts￿rt servi￿$. Order of St John Priory for Wales Trustee Corporation Ltd and Maindy Estates Limrted, all 100% ¢ubsidi8rie5 of the Charity. All the subsidiary entit￿ except for Mainay Estaies Ltd are dormant. The financial statements are consolidated on a line¥y4ine l)asis and coverthe eonsolidated financial position and ITansactions of all companies conlrolled by the Charity. hjl tra%roup iransactions 8re eliminated on consdidalion. Charfty Infomiation The Chanty Is a cornpany limited by goarantee incorpor31ed in England and Walps registered office ,'s Pnory qouse, Beigp,on Close, Ocean Way. Cardiff. CF24 5PB. B4819 of P¥q)aratlon The accounts ha￿e beep. prep3reQ in accordance with thè ChaTitys govei4ir,g dgcknment the Comtianies Aci 4006 and 'Accou￿tIng and Reporting by Ch8ritie5'. Slaiemeril of Recoffimep,ded Praciice applicable to Charilies preparing the,'r accounis.'n acnordartt i¥iih Ihe Financial frepon.lng Standard aopli¢8trJe i* tb.e UK and Repvblic of Irelar)d IFRS 102). leffedi'ie 1 Jar,uary 20191.The Chariiy is 3 Publ Benefrt Eniity as defineO by FRS102. Assets and Iiabiliiies zire initially recognise¢ ai h1J10rirAI cost Of transaeiion value L4filess Dtb.erwise stated in relekafjt accounting pcAie.y noielsl. The Group has taken advantage ofthe exemption ID OOI prepare a separate ￿ateMe￿ of Flnancial Activiiies I'SOF4) and Cash Flow sC￿ement for ihe Cnarty The fi￿n￿al stal￿e*ll a￿ PTepared In Britlsh POUfKIs sterlirw, bs ￿ functional currenw of Chariiy. Income consists of the invoiced Ydlue (excluding VAn OF Monaary arrMyJnts ￿ these finarxial Staterr￿lS are Twnded goods sddlsupplied to third parties and members. to the ne2resl pwnd. No anK)unts afe indu¢Jed in ihe financial statements for services donated byvolunteers. Irwme tax fecoverable in rdation to donations received tAnder Gift Aid or deeds of covenant is recognised at the lime of the donatirm. Income Recognltlon Course Income 19 recognised al the tirne the course is run. Course income received in advance is Iieated as deferred In¢01r￿. IpLofne from patient transport servicès and firsl aid LThier is r&ogni%ed when tle service is provided. Suppl IncowFe Is recThJnised when the ￿0d$ are despaiched. TIÈ value nf dop.ated goods for resale sold is recognised under'li)cone from oihw Irading activities. when the goods are sold. Fundraisiig ap.d all other income is re¢ognSsed In the siatemeni of financial 3Yivrties when the Chanty lias entiilernenl to tlè funds. any performance ￿ndl[lOriS attached to the itemlsl of incoFne have been met. it is probable that the itKome wlll be receNed and the amount be measured reliably. The Trusiecs haiie a reascfiableexpectation that the Charfty has a(￿qUate￿(mI￿ees to conlinue in operdtional existence for the fOres￿hle future. The going C￿CeM basis of accounkn.llg hastherefLYe continuedto be used in preparing the annualf1na￿Ial s**ernerrts. Intetesl on Ivnds held on deposit is included when recep1a￿e and the armunt can be measured reliably by the Charty, this is no￿nalty Lpon Th)tification of the interest paid or payable by the bank Sponsorshw income is ￿earted to the SOFA in the year In which it is due The Charity has avai￿ rtsdf of paragraph 313) of Sche￿￿ 4 of the Compan￿$ Act and has adapied the Corryanies Act foimals to refkrt the special nature of the Chaws a￿mkn"es The FknrylJWales ¢JfThe MostV￿￿Ta￿Ie0r ofThe F405wldofSt JthofJebiwkn) 41 Accountlng Pollcles {contSnued) Gran18 R￿ndancY and Tennwwtion Payment Por Redundancy and terminatK)n payrn￿ts are made In line with the legislation in place at the lime. There is no Contractual oblioation to make ary pa￿nentS beyond the staiutnry payments. Grants for the purchase of equipment and iowards the Initial selling up of projects are creijited in full to the vari￿S activrties in f￿rtherar￿e of the Chartys objects In the year irb which they ale received. Grants that provide core funding. or are ol a general nature provided by government and charitable Hetitage A8s•ts foundations. are recorded as voluntary income. Grants r￿e1Ved specifically for gwds and services to be provided as Heritage assets were valued al marKet ￿lue on 6 April parl ol ch8rilabEe aclivilses are recorded against the activity to 2016. No depreciaticfft is charged due io them n3ving an which they relate. indefinite life. Income from government and other oranls, wheiher'¢apital' grants or'Tevenue' granls, is recognised when the Charity has entiilement io the funds. any performance condrtbons attached io the grants have been mel, il is probable that Ihe i￿ome will be received and the amount can be measured reliab￿ and is deferred. Cffs* again* the grant income, In a ri¢led fund. Intongthle FlxedAs8ets Intangible fixed ass￿9 cthnprise software purehased which will be amrlised over ils estimaied useful life, which is considered to be four years. T•nWe FlxedAs$•ts Tangioie rixed assets are stated at historic purchase cost less accumulated depreciation. Cosl includes the original purchase price of the asset and ihe costs attributable to bririging the asset to working condition for its Intended use. Freeho￿ land is not depreciated. Bequests are credtted to the income tsnd pxpenditure ccount when the Charrty has entit￿ment to the *unds, any performance conditions attached to Ihe itemlsl of income have been mel il is probableihai the income will be receNe and the amount can be measured reliably. The folbwing rates are used for the dep￿CIation ofthe asset over its useful life.. Freehold properties Plant & machinery Motor vehieles 2% 14%or20% First Aid equipnient Computers oiher 20% Expp.nditure is r￿nIsed ollce11￿e is a legal or ronstructive obligatiun fu inJke d P¢iyment l(Tr (? Ihir¢J party. il is pri)b4ibl that sethemenl will be Tequired aiid Ihe anKxJnl rjf thp (￿lIgatIOn Ldn be measured Idiaw. EX[￿ditUre is dassrfied LThler folk)wirw aeiiwty h￿dIny1￿. 25%or14% 20° -I"Iie Charitys Lapitalisation policy is tliat all single dssets or gr(yJp tmjrchdse ol rélat¢d assets wsting £5,QOO or more are raprt¢7115ed. This Folicy reiAewel In *0"16 The treehokl and leuA• iold prO￿.[[￿J were PlDfé8&on31 revalued In 19Q6. Co%13 of raising fu￿ts compris& rhe ttc)stg ifi rdatloft 10 gp.1￿ratIng irthrT* ￿ch d.% fun(Iraising a￿l,￿l￿e£ Exppndiltjre. on ¢h¢Jrttabk activiti% i[￿l￿deS oosts Fplcltiiig tD thp. 1urtllerar￿ of thp. elirJrilK8 r)bjw.lives as 5tate(J in the T¥u%%ees report GL)vpma￿e c(JSt% (￿mprise au(lit fees. The r)roup Ired1v fieeliold land th￿19 held foi Lapllal xpprppiLknon. ￿nI￿[ I￿OMe or both. as Irwestmeni propert*s. Invw%lrnent piiwerlie.s dre. not depreciated and are inbtedcl carried at their fair values based on matket Trdiip determined by theTruSt￿$ aleach rewnirYJ date. Irrecoverable VAT incurr£xl d1￿4 lolliv use uf ttie P¢wlial exemption method is alk)C￿e￿ o(Th all acti¥itiesas hnance support Cost. for tsfThE klDsi VU*r1ib￿0rder of ". hè W,ostxtalo Si Johri ofJeruS Accounting Policies (continued) hvestsnents Ll•bllltle8 Polky Liabilit￿5 are recognised in the SOFA as they tr￿Orne payable. Investments held as fixed assets are a form of basic financial instrument and a￿ initially re¢ognised at transa￿lon ¥elue. They are subseouently Measur￿ at fair value as at the balance Sheei date using the closing qwted market price. Op¢ratlng Lea8e6 Rental costs urKfer operating leasÈ& are charged io Ihe profit and loss account In equal annual amwnts o'ierihe period of the leases. Investments are staled al mid-market balue tn accordance with the SORP. Realised ancl unrealised gains and losses on disposal and revaluation ol investmenis are tsken io the SOFA F￿￿1 Aeetyjnting unre￿ricted funds are those available for use ai the discretion of the Trustees in furtherance of the geftÈral ¢bjects of the Charity, which have not been designated lor other purposes. Designated f(snd8 wmprise unrestricied funds that have been se; aside bythe Trustees for particular pwposes. The aim and use of each designated fund is Set out in the notes lo the firbancial statements Oiher investments rep￿sent unlisted investmenls Ill subsidiary rornpanies and are stoted al cost less any pruvision loi ImkJairment Tiade and alher debtors are recognised at the setNement amount due after any irade discount offered. Prepaynent are valued at the gmount prepaid nei cf 8nytr8de discounts due. A fi%e(J asset property reserve reflects the tunds already invested in pDperty. Restricte(I funds are those which are to be used in accordance with specifi¢ restriclions imposed by donors OT which have been raised by the Charity for 8 particular purposes The cost of raising and administering such hJnd$ is chargea against the speeific fund. The aim and use of each fesu'.cted fund is set in note 27. St(￿k is slated at the lower of Covt and net realisr1bk value. CA)St is determined on a fifst in first out basis. Cash and¢•th wHvJleJts Cash comprises caoh ln bank and in hand. Cash equivalents are shorl-le¥m. highly liquid investments wrih a maturity of less than 90 daysthai are readily convertibleto kThJwn arnounls of cash and subject to insignificant risk of changes in vabje. The Charity has elected to apply the provisions of Seclion 11 'BaS￿ Financi81 Instruments. and Se¢lK)n 12'0ther Financial Instnjments Issues, of FRS 102 to all of its financial instruments. Fmiartial instruments are recognised in the balance sheet when the Charity trkcomes party io the contractual provisions of the instiutnent. Credttors and are recognised wherethe Charity has a pre5effl obliga1t￿ resuhirKJ from a past event thal wll probably resujl in ttrt1ransf￿ ol funds io 8 ihird party and the anK)unt (kjelo settle the obligation can be measured or estinateii reliatty. Fthiwial assets and li8bilitiEs are offseL With the net arTh)unts txesenled in the finanaal slalertTrenls. when there is a legally enforce8ble rwJhtto sei off the recognised amounts and there is afi intention to settle on a net basis orto realise the asset arml settle the liability simultaneously Creditorsand w0v¥Sh￿ are normally recognised at if￿r settlement aN¥yJnt after allowng for any trade thscounts due. Income ieceived In advance Is treate¥J as deferred income. Income received in aFrears is treated as accrued Incorne. Tre Flicrrf k*Wales of TheMosiverÉr8ble Order ofTheHo¥xtstofSIkn.nofJenJskn Accounting Policies (continued) Basic Financla As8eis 2. Critical Accounting Estimates and Judgements In the applicab.on of ChariWs accounting policies, the Trustees are wuwed io makeiudgements, estimates and 3ssumplions about the carrying amount of assets 8nd liabilities thatare not readily appareni from oiher sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevani. Actual resulrs may differ from ihese esiimares. The estimates and underlying assumptions are reviewed on an On9￿n9 basis. Revisions to accounting estiinaies are recognised in the period in which the estimate is T￿l$ed where the reviS￿n affects only thal perN)d, or In the period ol the revision and fuiure periods where the revision affects both cuffent and future peri¢￿$. Sasic financial assets. which Include debtors and cash and bank balances. are iniiially mea%ured ai iransaction price Including transaction costs and are subsequenily carried at 8rrv)rtised cost using the effective interest method unless the arrangemenr constitutes a financing transaction, where the transaction is measured at the present Vdlue ol the future re￿iptS discounted at a market rate ol interest Financial assets classified as receivable within one year are not P.fnort,ised Classification of Fina￿111 Liabilities Financial liabilities and equity Instruments are classifiecl awording lo the substance of the cr>ntraclual arrangements entered into. kn equicy instrument is any contracl that evidpnces a residual interest In the assets of the Charity atter deducting all of Its liabil￿t$. 3. Taxatlon Status The Charity is a company limrted by guarantee and is a registered charity. The Charty is subje¢t lo the taxation relief applicable to charitie5 except for a small amount of non-primary trading income. The sole 8Ctfve subsidiary, Maindy Est￿eS Limiied (all other subsidiaries being dormant), is subsect to Corporation Tax. No) currenl taK chaige arose in the period as tax losses from pwous periods have been offset againstthe current year profit incurred by Mainty Estates Limbied. B•slc F1ThwKI￿ Liabifrt•e• Basic financial IiabilitEs, Including credrtors. bank loans and loans from fellow Group undertakings that are classified as debl. are initially rec￿nISed at transaction price unless the arrangement conslilutes a finanung transaction, where the debt Instrthment is measured al the present Yalue of the future payments discounted at a market rate of irrterest Financia5 liats"Iilies classified as payable within iJ)e year are not amortised. Debt instruments are subsequently ￿arrIed al arn(rtised co￿. using the effective int￿eSt raie rrthod_ Trade credtiors are obligations to payfcy goc¥Js (Y swwces that have been acquired in Ihe ￿dinary course ol t￿$￿esS from Sup￿lers. ArmLnts payab￿ are class1r￿d as C￿r￿t liabiltties il payTnent is due wrthin one year orless If SK>t. they are presented as rwurrent liabiKities. Twje creditors are recogni$￿ initkilty al transaction prK￿ and subsequenity measured at amortised cost usirwJ the effectkye interest method. Taxalian As a registered chanty, The Priory for Wales of the Most Venerable Order of the Hospilal ol St John of Jwusalan is entitled to the exemption from tsxation in respect of inconie and capital gains received wilh sectk)ns 478489 of the Curporation Tax Act 2010 and section 256 of the TaX*￿n of Chargeatsle Gains Act 1992 to the exienf that these are applied to its charitable objects purposes only The pension scheme Lrtilised bythe ChaTfty is a Scott Widows def5vEd conltibLEti(KJ workplace pension schÈme. penS￿n cO￿S charge(lio theStaiem￿1 of Financial Acb"vities (SOFA) represent conilit￿￿1rjns p8yable bythe Charrty rothe pension scheme duririgiheyear. Ttr.e Pri￿$ o(Tf-i. Mosi Ver•ablÈ twdèr 0fThe￿o$￿{al Qi SlJofiD¢fJerusakm 4. Income from Donations and Legacles Totsl funds 2023 Total funds 2022 Unrestricted Restricted funds fijnds Don81ions. leg8cies and similar incomiwJ resource8 Oblation feès arKI members donationg St John of Jerusalem Eye Hospital 597.914 25.455 296.494 894,408 25,455 6.803 881,534 38,940 1,734 6,803 623269 303.297 926,666 921208 5. Income from Charitable Activities Totsl funds 2023 Total fund$ 2022 Other Income Grants Provision of first aid and youth development Ambulance and Iransport se￿ceS Flrsl aid training Firsl aid woducts 84,176 1,399.947 3,764,616 1,460,813 1,484,123 1.022.260 3,764,616 4.371.117 1,460,813 1.668.252 44,370 84,176 6,625,376 6.709.552 7.105.999 6. Income from Other Trading Activitles Total funds 2023 Total funds 2022 Unrestricted Restricted fund$ fund$ Incorne from property Fundralslng events Sundry sa18S BI￿64 11.376 33.993 81.564 11,376 33,993 108012 12475 2Z944 126.933 126.933 144231 The Ai*yyforWales ofThe K4ost v¥Erab￿ Orde¥ ofTr* li04XL4Lof StJohnolJetusakni 7. Income from Investments Total funds 2023 Total fund$ 2022 Unrestrieted funds Restricted funds Securtlies 68.743 68.743 72,058 8. Provision of First Aid and Youth Development Total funds 2023 Total funds 2022 Unre¥lrlcted ReStrI￿ed funds funds Incomè Events Vacclnation centres 1.126,413 1,126.413 939.683 23A42 44.120 15,015 yO￿h acIfvft￿S Community training Community response 4A05 14,509 254,620 84.176 88,$81 14.509 254,620 1299,947 84,176 1,484,123 1,022,260 Expendltsjre Events and transport Vaccinatiorb cèntres Youth a￿l¥￿e5 Communfty training Community response Running divisions Indlrect support Costs (see note 10} 677*85 677.8BS 574.055 3A18 117.936 165.788 41289 131,391 67,315 521.782 264,652 100,685 8,330 141,974 139,721 67.31 S 886,D40 1.003,037 271.843 221173 364.258 7.191 1,704.314 480.464 2,184,778 1084407 9. Expendlture on Raising Funds Depre iation Support costs Total 2023 Total 2022 Direcl Ot Cost of raising funds 357.500 241352 6.950 164,598 771.400 598.231 I he *hory1orWa￿of Tte Most Ver*rable Ck of TlieHwital ol Sl JcknofJervsa 10. Expenditure on Charitable Activities Deprec- lation Support osts Totsl 2023 Total 2022 Staff Direct Other Ch&rlt8ble a￿l¥￿e$ Provision of first aid and yoirth developmont Ambulance and transport se￿te5 First aid training FIM èld produ￿$ Govemance costs 676214 181,929 1,021h08 31984 271,843 2,184,778 IO86A07 3,171,670 783,779 29A18 665.119 137,213 177,579 31,836 883A43 4,B86063 4,759,343 357.532 1350.726 1379,486 30356 21,950 21070 22,070 Total thathable 8etivhle8 4,631,663 211 J47 1,864,500 224.103 1.511B18 8.444,437 8.277,542 Total resojrces expended 4,989,163 211347 1106.858 231,053 1.677A16 9215,837 8,875,773 A further £90,589 of depreciation and arnortisation for the Ch8rty is allocated to support costs, therefore total dopi8elation amounls to £301.936. GOV￿1anCe costs comprise audit fees. 2023 2022 The at￿Ye costs indude Fees payable for the audit Fees payableioihe auditors f¢yother services operatlng ￿8$e rentsls- equipment Oporating l?a5è rentsls- vehicles Operating ￿se rentsl$- property Inyestrnent management fees 21070 21.950 2,608 38,071 41,000 10,271 1253 7288 39,750 10.881 Tr.e prtwfarwa￿$crf The k105t Vcfiwthkor ofThe Hoswof StththnrfJuu5akni 47 11. Analysis of Support Costs Toiol resources expended (see note 101 in¢lude all ¥upport ¢Q5ts, which comprise.. Informallon technology Facilits'e8 T￿81 2023 Total 2022 Management Finance Cost of generating fund$ PTOVi8ion of first aid and youth development Ambulance and transport services First aid tralniNJ 39,426 32,6S2 10.533 81,987 164,598 131609 71,684 S9,367 31,612 109,180 271.843 222,173 465.948 38S,883 89,605 74,208 31,612 31.612 883A43 357,532 898.940 350,562 162,107 666,663 552.110 105,369 359,274 1.677,416 1.604284 Man8gement finance co￿$ have been allocated basèd on numbei of fUl￿tIMe equivalent employees. InformatK)n t￿h[l010gY costs have been split equally across prirnary functions. Facilities ￿St$ have beefj all￿ated based on floor spacè. 12. Analysls of Staff Costs, Trustee Remuneration and Expenses and the Cost of Key Management Personnel Grcyjp and Charity 2023 2022 *aff eos Wèges and salarfes Social securrty cost5 Other penslon cosls Pension payments to ex-employee8 5?5D.33S 5.013,832 428,518 418,470 386,248 271442 2.235 5286 6,167,336 5,710,030 The Trustees did t￿1 ￿￿1ve any cfroluments in respecl of thpir services to the Chaiiry12tr22.. £nill TTavel expenses of £3,526 were paid to threeTnJstees d￿r￿) the year (2022 £3,568 was paid to fourTrusteesl There werethree pmtloyvp_s (2n22 four ein￿Oyees) paminu OV￿ £fjO.OOU uèr annum exr.Itiding pe.IiFion ('.ontributions. witli two frall￿g Irits) tIE eartiirKJ% barKJ ts1 £6D,¢J)l)- F7a.otKI one in the banrt L7,"..QOU-£80,000. Pension contributi(Ms of £6,240 wer paid iii IpopeLt 1)tthp￿ pmployees Tli¥ (xgAni5aiioii corrtirw￿l tu niukÈ a voluntary payment in of ￿nsiOn to one ex*mployee.' tlie last agr￿ment to make suL,h i) 437,016 1,910,322 29,411 116.851 (28.356) At 31 December 2023 1,532,390 466.427 1,998,817 Net book value Al 31 December 2023 2,828,735 200,000 761,385 3,790,120 At 31 Oecember 2022 2,952,819 200.000 790,796 3.943.615 Comparable arnounts determined according to the historical cost converttion Freehold Investment Leasehold properties properties properties Tot81 Grwp Cost Disposals Accumulated depreclafjon 3.410.726 {60.000) (920,464) 7,500 1,401.581 4,819,807 {60.000) (596,442) (1.516,906) Net book value At 31 December 2023 1430262 7,500 805,139 3242,901 At 31 December 2022 1522,934 7,500 838.712 3,369,146 The FliWftrWths￿TFem0sI Vuvabk c￿ler o[TheHwital￿S1th1t￿J￿U$￿eM 17. Tanglble Flxed Assets (continued) Propertles (Continued) Analysis of land and building$ at cost or valuation as at 31 December 2023 Fieehold In¥e5tment Leasehold properties propertles properties Total Group Al Cosl At valuation 3.350.726 1,010.399 7,500 1,401,581 4.759,807 192,500 (173,769) 1.029.130 4.361,125 200,000 1,22781 2 5,788,937 Freehold Leasehold properties properties Charity Total Cost or valuation At l January 2023 Dlsposals 4.426,125 1227,812 5,653,937 (65,DOO) (05.000) At 31 December 2023 4,361,125 1227.812 5,588,937 Depreciation and impalrment At 1 January 2023 Charge for the year Disposals 1,473.306 87.440 (28,356) 437,016 1,910.322 29.411 116,851 (28,356) Al 31 December 2023 1,532,390 466.427 1.998.817 Net book value At 31 December 2023 2028.73S 761.385 3,590,120 At 31 December 2022 1952.819 790,796 3,743,615 Tbe forwa￿$ ofThe Alost Vene¥ableCXd ofTheHowt* ofst )Jhnol Jtmfyaknn 17. Tangible Fixed Assets (continued) a} Properties (continued) Comparable amounts determined according to the historical cost convention Freehold Leasehold properties properties Charty Total Cost Disposals Accumulated depreclatlon 3,410.726 1.401.581 4.811307 {60.000} (60.000} {920,4641 (596.442) 11,516,906) Net book value At 31 December 2023 2.430262 805.139 3,235,401 At 31 December 2022 2.522.934 B38,712 3,361,646 Analysis of land and buildings al cost or valuation as at 31 De¢ember 2023 Freehold Leasehold properties properties Total Chafity At cost At Valuation 3,350,726 1.401.581 4,752,307 1.010.399 (173.769) 836,630 4,361.125 1,227,812 S,588,937 The freehold and leasehold Properties were revalued by DTZ Debenham Thorpe, Chartered Surveyor8. at an open market value basls at December 1996. ￿1 valuations have been made in accordance with the RICS appraisal and valuatlon manual. The Charity has not ievalued the properties on adoption of FRS 102, and that valuatlon has been accounted for on deemed cost. The investment properties were PLrt up for auctlon posl the balanee sheel date, the sale proceeds of the plots sold to date indicates thal the valuation of £200, 000 Is materially supported by the Subsequent sale proceeds. The f￿Wa￿S ofThe Most VenwdtrAEOrder ofThe Hospitd rfst John ofJenJsakn 17. Tangible Flxed Assets (contlnued) Vehicles, equipmenL computers and ￿her Motor Plant & vehicles Computers machinery Group and Charty Other Total Cost At l January 2023 Additions DIspos8ls 1,716,066 29.050 {41Z097) 101,647 27.280 256.270 2.073.983 56.000 131,305 (412￿97) 18.975 At 31 December 2023 1.333,019 128.927 18.975 311270 1,793,191 Depreciation At 1 January 2023 Charge forihe year Dlsposals 1.533,017 83,920 (404.417) B5,212 5,980 104,571 1,722.800 45,731 137,529 (404.417) 1,898 At 31 Deeember 2023 1,212.520 91.192 1,898 150,302 IA55,912 book value At 31 December 2023 120.499 37,735 17.077 161.968 337,279 At 31 December 2022 183.049 16.435 151,699 351,183 18. Investments Group and Chartty 2023 2022 Investments Market value at 1 January 2023 Additions Dlsposals Realised gainsl{losses) on investmeni assets Unrealised losses on investment assets 2.106.174 2311.557 531,988 247,280 (1.043.678) (250.076> 71.890 (20,493) (3,631) (182,094) Market value at 31 December 2023 1,661743 2,106,174 Hlstorfc cost al 31 December 2023 1,450.486 1B54,895 Subsidiary holdings Group Charity 2023 2023 2022 2022 Cost at l January 2023 Impairment 100.060 100.060 (42,871) (41871) Net book value at 31 December 2023 57,189 57.189 Tkt Priory for VIa￿s.0f Ttr,e VerwabÈ Order of The P.ospilal Lif st.10￿ of Jtrus&em 18. Investments (continued) Other Investments consist solely of shares held in subsidiary companies. A proviS￿n has been made in the Charity 8gainst the holding in St John Wa￿$ Training Company Lid to reflect the irrecoveratle residual value. The Trustees believe that the carrying value of the other investments is supported bytheir underlying net assets. As at 28th May 2024the value of the investment portfclio was £983.781 Inveslments at mafket value comprised.. Group and Charlty P¢)ded investment vehicles Oirect investment Total 2023 Total 2022 Fixed inlerest Unf(ed Kingdom Global Equilies Untted Klngdom Europe Global Alternatives Global Property Global Cash and deposits Uniied Kingdom 66,386 174,487 43.784 110,170 174.487 160,937 197,581 42,097 99.325 728,61 S 210.744 251841 99,325 728,615 523,897 101.168 810,095 96,599 96.599 223,984 39.750 39.750 47,370 160,956 160.956 41,142 Market value at 31 December 2022 1,247,259 415.484 1,662,743 1106.174 Detailed below are the material investments within the investment portfolio held by the Charity.. Value a8 at 31 December 2023 Holdings Holding name 1,720 Vanguard FurKJ8 PIC S&P 500 UCITS ETF USD 53,630 Blackrock Contlnental Eurp Inc D 12.B05 Fidelity ICAV US Quality Income UCITS ETF USD 57,925 BNY Mellon US Equity Income Fund F 79,235 BNY Mellon Asian Inc(The Fund U 60,160 JP Moigan Fund ICVC US Equity Inc C2 GBP 121,942 99.325 94085 92,593 91,699 91.503 The Fli*Yy [￿WaleS ofThe Mostverffiibk(tr Qf The Hospif810', stthhTh0rJents8i￿ 19. Stock 2023 2022 Group Tralning equipment and aids 330 20. Debtors Group Charlty 2022 2023 2022 2023 Trade debtors Amounts owed by group undertakings Prepayments and accrued income 1,066.484 1,452,944 1.065.764 1.452.439 11880 68.474 12.186 13S,924 68.474 135.924 1.134.958 1.588.868 1.147.118 1.600.549 21. Current Asset Investments The inveslments comprise funds deposited with Charities Official Investment Fund {COIQ. 22. Creditors: Amounts Falling Due Within One Year Group Charity 2022 2023 2022 2023 Mortgages and loans (Note 24) Bank overdraft Trade creditors Other creditors and accmals Taxation and social security Deferred Income Finance leases {Note 24) Amounis owed to Group undenaklngs 49.830 84,767 309.222 502,546 528.500 232.296 30.914 145,079 361M17 330.607 448.056 532.536 151,560 49030 84.767 298,026 500.846 528.SOO 230,531 30.914 57,129 145,079 361.817 330.607 445,047 532.536 149,616 57.129 1,738,075 1,969,655 1,780,543 2,022.431 Deferred income for the eurrent year includes £121,151 of invoices raised in 2023 for 2024 couise fees. These will be released in 2024. Deferred income in 2022 included £149,616 of invoices raised in 2022 for 2023 course fees. These were released In 2023. Tbe Flw for¥¥8￿¢￿ The Most Venwabk Order ofThe John Of JÉYu&aSÈ 23. Creditors: Amounts Falling Due After More Than One Year Group and Charily 2023 2022 ortgages (Note 24) Flnance leases (Note 24) Government loan (Note 24) 18,814 11093 20,391 49.120 32484 67.934 24. Loans and Other Borrowlngs Group and Chartty 2023 2022 Mortgages 21.101 60.129 Maturty of financial liabilities In one year or less. or on demand In more Ihan one year, but not more than two years The above flgvres comprl8e two mortgages wilh original principal sums of £450,000 and £180.000. Both mortgages are secured on properlies. are payable in monthly instalmèms. and carry flxed interest rates of 2.25% and 3.25% above Bank of England base rate. 21,101 41,315 18.814 2023 2022 Finance Leases Within one year 30,914 Loans comp￿Se a Thlrd Sector Resilience Fund (TSRF) loan of £25,000 from Welsh Govemment and a Resilience and Recovery Fund (RRQ loan of £200,000 from Social Investment Business FM Ltd under the Govemment's CoronavirLbS Business Interruption Loan Scheme. The TSRF loan irbours interesl ai the rate of 3% and18 repayable by 2032. The RRF loan incurs interest at the rats of 6.5% and is repayable by 2024. 2023 2022 Loans Within one year In more than one year 28,729 20,391 103.764 49,120 T￿,e Pri(¥y lorW81esofThe Most Venertheorder of The Hwital Dfstthjhnof Jwusaiern 25. Financial Commitments Financial commitments Al 31 December 2023, commitments under operating leases were as follows- 2023 2022 Molor vehicles Leases which expire in.. Less than one year One io two years Two to five years 38.071 31,682 293 29.151 29,151 21762 2023 2022 Property Leases whlch explre In= Less than one year One to Iwo years Two to five years 31,833 7.SOO 41,000 30,917 7.500 2023 2022 Office equipment Leases which expire in.. Less than gne year One to two years Two to frye years 1.870 1,373 1501 1,868 1,373 26. Flnancial Instruments 2023 2022 Carrying amount of financial assets Investments measured at fair value Debi instruments measured at amortised ¢ost 1.662,743 1,091,016 1106.174 1,483,371 2,753,759 3,589,545 Carrying amount of financial liabilities Measured at amortlsed cost 11,048297) (IA56,064) The Piitiry'orWalestsfTbe IltsstVeThEia￿e O of Ih•HustMt* orst ofJeiusakni 27. Restricted Funds At l January 2023 Transfer to/(from) unrestricted Income Expend- At31 Iture December 2023 Group and Charity 8uildlngs Medical vehicles Comrnuntty care Local and sundry funds Volunteer development and welfarE Tralnlng funds Medical equipment purchases Overseas projects Employment funds 889.129 123,023 987 285,751 24,304 35.954 46.781 (44,665> 96,272 (41,655> 18.951 14,884> 72,473 {250.008) 103.466 (113218> 36,400 (43.9931 6,327 (2.568) 6.803 {6,8031 {7062) 891,245 177,640 15,054 93350 14,552 28361 3,759 (14,866) 7,862 1, 367,010 114,866) 387,473 (515.656) 1.223.961 At l January 2022 Transfer to/{from) unrestricted At31 Expend- Deeember Sture 2022 Group and Charity Income Bulldlngs Medical vehicles Communlty care Local and sundry funds Volunteer development and welfare Training funds Overseas projecls Employmeni funds 897.136 159,678 1,987 187,622 74.540 70,121 22,525 5,000 (30.532) (41.655} 11.000> 58270 146.621 (106.862) (40.472) 76,606 (86,370) 18.000 (52.167) 1,734 11,734) 143,800 (135.938) 889.129 123,023 987 285.751 24304 35.954 7062 1,391.084 (17,898> 414,286 (456.258) 1.367,010 These fwds represent. BLJildings- funds speCif￿allY rised capital purchases of buildings used in furtherance of WACS charrfcable objectives a￿j lowards improvewtts and mainienance ofexisting buildings. edical vehicles- funds taised for the purchase of ambulances and otherlransport vehicles, and for the mainlenan¢e of existing vehicles. Cc¥nmunity caie- funds given ts specAts communtty ca￿ and community respor£e projerts. Loc81 and sunéryfunds-furmjs relating to kscal units for specific activities and running costs. Volunteer developmen( and wdfafe- conwrise5 funds for youth arKJ aduk vdunteer acivities. Trdining funds- funds to support and develop trainino programmes and activtties. Overseas projects- funds 10 5upporl the St John Eye Hospital in Jerusalem. EmplOy￿￿nt funds- funds to supportjobs and stsff. The F¥*ofer ofThÈ mcrttven2ob￿ Order offft HLyithlof Sl Jom OfJen￿aleM 61 28. Analysis of Net Assets Between Funds 2023 Flxed Other challtable Designated funds fvnds asset property Revaluation reserve reserve Herr¢age assets Restricted funds Total funds reserve Grtsjp Heritage assets Tangible fixed assels Intangible fixed assets Investrnent as$et$ Current assets Current liabililies Long-term liabilfties 114,730 114,730 1.091,463 4127,399 35,492 118.579 1.661743 97,006 1.159.490 {1.738.0751 1314841 83,538 83.087 1,662.743 1,062.484 (1,738.075) (32.484) 2.516,844 435,554 At 31 December 2023 1,121.293 2,516,844 43S,554 114,730 1,223,961 S,412,382 cha￿lY Herltage assets Tanglble fixed assels Intanglble fixed assets Investment assets 114,730 114.730 1.091,463 3,927,399 35,492 118,579 1,719,932 97.006 1.170,837 (1.780,5431 132.4841 83,538 83.087 1,719,932 1.073031 (1,780.543) (31484> 2,509.344 243.054 Current assets Current liabilitie$ Long-temi liabilfties At 31 December 2023 1,147,361 1509,344 243.054 114,730 1223,961 5,238,450 2022 Other harr¢able Designated funds funds Flxed asset Revaluation property reserve reserve Herttage assets Restricted reserve funds Total funds Group Heritage assets Tangible fixed assets Intangible fixed assets Investment assets Current assets Cur¥ent liabilities Long-temi liablliiies 114,730 114,730 1,137,869 4,294,798 59,263 161825 2,106,174 169.878 1.619.625 {1,969.655) (67,934) 79.918 103.562 2,106,174 1.449.747 11.969,655) (67,934) 1606,791 470,220 At 31 December 2022 1,701,812 2,606.791 470,220 114,730 1,367,010 6.260,563 Ib,e Pnory far Wa*5of lfve blosl V￿¢robL& ofThe b05pilal,)' Sl gfJvusJlrJp 62 28. Analysis of Net Assets Between Funds (continued) Charity Heritage assets Tangible fixed assets Intangible fixed assets Investment assets Current assets Current liabilr¢ies Long-temi liabilities 114.730 114,730 1,137,869 4.094.798 59.263 161825 2,163.363 169.878 1.628.922 12,022,431) (67.934) 79.918 103.562 1163,363 1.459.044 (1022A31) (67.934) 1599.291 277.720 At 31 December 2022 1,715.522 2,599,291 277.720 114730 1,367,010 6,074,273 29. Total Funds 2023 Hxed asset property Revaluation reserve reserve Other charltable Deslgnaied funds funds Heritage assets Restricted reserve funds T￿81 funds Group Al 1 January 2023 Net movement In funds 1,701,812 1580,519) 2,606,791 470.220 (89.9471 (34,666) 114.730 1,367,010 6,260,563 (143.049) (848.1811 Al 31 December 2023 1,121,293 1516,844 435,554 114,730 1223,961 &412.382 Charity At 1 January 2022 Net movement in furKIs 1.715.522 1568,161) 2,599,291 277,720 (89,947) (34.666) 114.730 1,367.010 6.074,273 (143,049) {835.8231 Al 31 December 2023 1.147,361 1509,344 243.054 114.730 1,223,961 5,238,450 2022 Other charitable Designated fund8 funds Flxed asset Revaluation propety reserve Heritage assets RestTlCted funds Total funds reseNe reserve Group At 1 January 2022 Net movement in funds 1000,781 1298,969) 2,637.976 589.080 (31.185) {118,8601 114730 1,391,084 6,733.651 (24.074) {473.088} At 31 December 2022 1.701,812 2,606.791 470.220 114,730 1.367,010 6,260,563 Charlty At l January 2022 Net movement in furKIs 1014,814 1299,292) 2,630,476 396,580 (31,185) (118.8601 114730 1.391,084 6.547.684 (24,074) (473.411) At 31 December 2022 1,715,522 2,599,291 277,720 114.730 1,367.010 6.074,273 30. Reconciliation of Net Incomel(Expenditure) To Net Cash Flow from Operating Activities Group 2023 2022 Net Incomellexpendlture) for the reportlng {as per the statement of financial activiiies) (848.181) {473,088) Adjustments for.. Depreciation charges Amortisation eharges Profrt on sale of fixed assets Finance costs (Gain$)Aosses on invèstments Dividends, Interest and rent8 from investments Decrease in stocks Decreasellincrease) in debtor5 I￿rease in creditofs 254,380 267,885 47.556 18.432 (467.503) (360.776) 31.597 23.610 {68,259) 202,587 (68.743) (72.058) 330 167 453,910 (410,1711 109.805 331,246 Net cash used in operating activities (555,108) (472.166) 31. Analysis of Cash and Cash Equivalents 2023 2022 Cash in hand Short iemi deposh accounts Overdraft facility repayable on deffland 20,503 26398 4,029 4.029 (84.767) (361.817) Tot81 cash and cash equivalents (60.235) (331,390) 1fr,4 l¥*Jy forw1a￿S of Ilie M(>st Order ofThèi.:o*iiao- Slth*.nofJer￿krn 32. Analysis of Changes in Net Funds Other noneash changes Balance carried forward Opening balance New Intere loan8 changes Cash-flows Cash (335,419) 275.605 (4,450) (64.264) Cash equivalerrts 4.029 (331.390) 4,029 (60,235) 27&605 (4,450) Loans falling due wlthin one year Loans falling due after more than one year Finance lease obligations (145.079) 148.712 15.920} (47.543) (49,830) {67.934) 47,543 {20,391) {43.007} 71￿77 1&14W (1374) Total (544A03) 436.134 (53,450) (11,744) (173,463) 33. Post Balance Sheet Events The investment properties were put up for auction posl the balance sheet date. the sale prot￿d9 of the plots sold lo date indicates ihal the valuation of £200,000 is materially supported by the subseouenl sale proceeds. 34. Related Party Transactions Due to the nature of the Charitys operJtitsn$ and rts Trustee membership being drawn from a broad cross-se¢tlOfi of the bJsiness comrnunity. rt is inevrtablethat tranSact￿JnS may lake place with organisations in which a Trustee of the Charity may have an imerest. Professor Kevin Dawes is a Trustee on the Board and is Vice Chair of WAST, which Is a nustomer, however he has no diT￿l invofverTv* in W¢)cUrem￿t decisions and absents himsdf from Board mthngs when matters *rtaining to WAST are being discussed. James O'connor is a Trustee on the Board and is the Direct(Kol Corporate Finance at Pobl Group Ltd, which is a supplier, hOW￿er he has no direct invofvement in their pricing de-ish)ns. 35. Capital Commitments re were no capital C(￿nmItmentS etthe yearend aside from those Included within restricted funds12022- £nill. The Afj(xy fwWo*sofTheMost VentraUeOrder 36. Comparative Conslidated Statement of Financial Activlties Nole Unrestricled funds Restricted funds Total fund$ 2022 Income and endowments from.. Donats'ons and legacies Other trading activities Investments 623.842 144,231 71058 840.131 298.366 922.208 144,231 72,058 1.138.497 298.366 Charitable activities Provision of first aid and youth development Ambulance and transport services First aid training First aid prcducts 50 978,140 4.299.317 1,668,252 44,370 6,990,079 44,120 71,800 1,021260 4.371,117 1,668252 44.370 7.105.999 115.920 Total income and endowments 7.830.210 414.286 8.244.496 Expenditure on.. Raising funds 551.562 46.669 598231 Charrtable actlvftles Provision of fifst old and youth development Ambulance and tran5PQrt services First aid training First aid products 8,10 10 10 io 1,776.217 4,677.900 1,361.531 30,356 7,846.004 310,190 81,443 17,955 1086.407 4,759243 1,379,486 30256 8255.592 409,588 Govemance io 21,950 21,950 Tolal expendiwre 8,419,516 456.257 8,875,773 Nel gaIn￿￿O$se$} on investmerrts Realised gainllloss) on investment assets Unreallsed galnllloss) on investment assets Net income/(expenditure) Transfers between funds Other recognised gainsllosses.. Profrt on sale of assets N8t rnovement in funds 18 {20.493) (20,4931 18 {182094) 1791.893) (14,8981 1182.0941 (833￿64) (41.971) 14,898 360,776 (446,0151 360.776 (473.088) (27,073) Reconelllatlon of Funds Total fund8 brought forward Total funds c8rrieil forward 27.28 28,29 5.339.568 4.893,553 1,394.083 1,367.010 6.733.651 6260,563 The forwaks ofThe Most Vener8bleQl71er ofThe H05piialofS Johnof JÈyw8knb Stjohn Ambulance Cymru The first aid charity for Wales Elusen cymorth cyntaf Cymru Follow us ￿AcYmrU I wwW.s￿cYfflrn.0ry.Uk Registued in England and W81es. Charity number 2￿Y23. C(Thpany number 5071073. FUNDPAISk4G