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2022-03-31-accounts

CONTENTS PAGE
Reference and administrative
information
Report ofthe Trustees/Directors 2 -13
Independent
auditors
report		 14-16
Statement offinancial activities 17
Balance sheet 18
Statement ofcashfiows 19
Notes forming part ofthe financial statements 20-31

Income split Income split 2019/20 2020/21 2021/22
Local Health Board 207796 295765 305,003
Welsh Government 82595 45404 250,511
Continuing Health Care 148908 73042 165,516
Covid-19 Emergency Hospice Funding 575721
Donations and Grants 91168 162896 172,556
Fundraising 173890 152258 182,434
Retail 304852 157359 421,261
Legacies 2700 14000 3,500
Furlough
/		 Retail Grants 209278 909
Investment income 216486 212923 195,177
Total 1,228,395 1,898,646 1,696,867

UNRESTRICTED UNRESTRICTED RESTRICTED DESIGNATED 31/03/22 31/03/21
FUNDS FUNDS FUNDS TOTAL TOTAL
FUNDS FUNDS
NOTES
Income from:
Donations
and Legacies		 3 119,443 56,613 176,056 176,896
Charitable
activities:
Local Health Board service
level agreement 295,765 295,765 295,765
Welsh Government 213,014 37,497 250,511 45,404
Covid-19 Emergency
Funding 575,721
Aneurin
Bevan University
Health Board 174,754 174,754 73,042
Other trading activities:
Shop and merchandise sales 421,261 421,261 157,359
Fundraising 180,089 2,345 182,434 152,258
Investments 4 33 195,144 195,177 212,923
Other 5 909 909 209,278
Total Income 934,749 762,118 1,696,867 1,898,646
Expenditure
on:
Raising funds:
Shops and merchandise 240,561 240,561 216,149
Fundraising 225,416 2,438 227,854 210,980
Investment
management		 28,867 28,867 25,307
Charitable
activities		 916,091 558,560 1,474 631 1,320,132
Total Expenditure 1,382 068 589,865 1,971,933 1,772,568
Gains/ (losses) on investments 183,719 183,719 1,366,748
Net Income / (Expenditure) (447,319) 172,253 (275,066) 126,078
Transfers between
funds		 19 390,000 ~390,000
Net movement
in funds for
the year		 57,319 ~93,347 1,492,826
Reconciiliation offunds:
Balances brought
forward		 436,473 7,143,989 7,580,462 6,087,636
Balances carried forward at
31"March 2022 20 379,154 7,109,961 7,489,115 7,580,462

As at 31"March 202 2
Notes 2022 2021
Fixed assets
Intangible
assets		 10 127 1,656
Tangible assets 11 26,638 49,409
Invesnnents 12 7,025,794 7,065,799
7,052,559 7,116,864
Current assets
Stocks 13 679 833
Debtors 14 172,698 426,551
Cash at bank and in hand 424,108 230,746
Investment
short term deposits		 1,713 1,713
599,198 659,843
Liabilities:
Creditors: amounts falling due 15 (162,642) (194,455)
within one year
Net Current
assets		 436,556 465,388
Total assets less current liabilities 7,489,115 7,582,252
Creditors: amounts falling due 16 (1,790)
after more than one year
Total net assets 7,489,115 7,580,462
The funds ofthe charity
Unrestricted
funds		 17 379,154 436,473
Designated
funds		 18
Restricted funds 17 7,109,961 7,143,989
Total charity funds 7,489,115 7,580,462

Notes 2022 2021
Cash flows from operating activities:
Net cash (used in) operating activities 26 194722 278 284
Cash flows from investing activities
Interest from investments 33 49
Purchase oftangible/intangible fixed assets (1,949) (25,681)
Transfers
from investments		 390,000 475,000
Proceeds from disposal offixed assets
Net cash provided
by investing		 388,084 449,368
Activities
Increase (decrease) in cash and cash
equivalents
in the year		 193,362 171,084
Cash and cash equivalents at the beginning 232,459 61,375
ofthe year
Total cash and cash equivalents at the end 425521 232,459
ofthe year

Office Equipment 20%on cost
ITEquipment 33%on cost
Clinical Equipment 20% on cost
Shop Fixtures 20%on cost
Motor Vehicles 25%on reducing balance
Day Centre 20%on cost
Property Improvements Over period oflease

Unrestricted Restricted Designated 2022 2021
Total Total
Charitable Trusts 34,500 38,329 72,829 86,652
Voluntary Donations 80,018 80,018 63,941
Miscellaneous 1,425 18,284 19,709 12,303
Legacies 3,500 3,500 14000
119,443 56,613 176,056 176,896
nvestment Income
2022 2021
Dividends —UK equities 195,144 185,701
Interest on cash deposits within investment portfolio
Interest on fixed interest securities 27,173
Interest on current accounts 33 49
195,177 212,923
ther Income
2022 2021
K
Furlough 909 48,782
Retail grants 160496
909 209,278
nvestment Management Costs 2022 2021
Investment management fees 28,867 25,307
2t8i867 2t5t307
nalysis ofCharitable Expenditure
Unrestricted Restricted Total Total
2022 2022 2022 2021
Notes
Clinical salaries and pensions 489,732 540,995 1,030,727 759,135
Social worker salaries and expenses 1,645 1,645 168,860
Drugs and clinical supplies 175 175 47
Clinic rent
Motor expenses 18,791 18,791 17,920
Clinic food and other costs 274 1,330 1,604 421
Clinical equipment maintenance 1,032 630 1,662 1,411
Telephone costs 6,011 225 6,236 3,975
Trallllllg 6,375 1,500 7,875 5,943
Recruitment 140
Clinical equipment depreciation 37 37 37
Equipment loss on disposal
Miscellaneous 17 1,305 1,322 5,403
Supportcosts 309,545 9,931 319,476 281,021
Governance 82,456 2,645 85,101 75,821
916,090 558,561 1,474,651 1,320,133

Resources Expended —Allocation ofSupport Resources Expended —Allocation ofSupport Costs
Support costs allocated to Basisof Fund Charitable Governance 2022 2021
activities Allocation Raising Activities Total Total
8 g
General office and finance
staff Salary
cost's 44,572 181,614 48,378 274,564 250,331
Premises Salary costs 12,650 51,543 13,730 77,923 73,848
Insurance Salary costs 2,128 8,672 2,310 13,110 10,608
Communications Salary costs 7,758 31,611 8,420 47,789 51,351
Legal &Professional Salary costs 4,890 19,925 5,308 30,122 29,511
Depreciation Salary costs 3,721 15,164 4,039 22,925 19,180
Motor Expenses Salary costs 509 2,073 552 3,134 1,916
Miscellaneous Salary costs 2,178 8,874 2,364 13,416 7,109
Irrecoverable
vat		 Salary costs ~21,375
78,406 319,476 85,101 482,983 422,479

Depreciation —owned assets
Depreciation —assets on finance
Amortisation
Auditor's
remuneration
Accountants fees for other services

Software Total
COST:
As at 1stApril 2021 7,645 7,645
Additions
Disposals
As at 31stMarch 2022 7,645 7,645
DEPRECIATION
As at 1stApril 2021 5,989 5,989
Charge for year 1,529 1,529
Eliminated
on disposal
As at 31stMarch 2022 7,518 7,518
NET BOOKVALUE
As at 31"March 2022 127 127
As at31"March 2021 1,656 1,656

forming part ofthe fin
Tangible Fixed Assets		 ancial stateme nts
for the		 year ended 31"March 2022
Otfice
Equipment		 Clinical
Equipment		 Shop
Fixtures
&		 Motor
Veldclcs		 Centre Property
Improvements		 Total
Fittings
COST:
As at 1stApril 2021 91,582 3,025 1,863 26,582 12,528 89,007 224,587
Additions 1,949 1,949
Disposals 5,382 5,382
As at 31stMarch 2022 88,149 3,025 1,863 26,582 12,528 89,007 221,154
DEPRECIATION
As at 1stApril 2021 52,673 3,025 1,863 16,196 12,414 89,007 175,178
Charge for year 21,395 2,596 37 24,028
Eliminated
on disposal		 4,690 4,690
As at 31stMarch 2022 69,378 3,025 1,863 18,792 12,451 89,007 194,516
NET BOOKVALUE
As at 31u March 2022 18,771 7,790 77 26,638
As at31"March 2021 38,909 10,386 114 49,409
Office
Equipment		 Office
Equipment		 Clinical
Equipment		 Shop
Fixtures		 Motor
Vehicles		 Day Property
4h Centre Improvements
Fittings
DIRECT
CHARITASLE
PURPOSES
Community
Services		 5,353 3,052 77
Other Purposes
Administration office 13,418
Fundraising 4 738
18,771 7,790 77
2022 2021
12.Investments
Market value as		 at (including
cash
1"April 2021		 deposits) 7,065,799 5,986,484
Disposals at carrying value (tmnsfers to income) (390,000) (475,000)
Invesiment
income		 195,144 212,874
Investment
costs		 charged and accrued (28,867) (25,307)
Net (loss)/gain
on		 revaluation 182,041 1,293,053
Net (loss)/gain
on		 disposals 1,677 73,695
Market value as at 31"March 2022 7,025 794 7,065,799

ments
at market value comprised of:
2022 2021
UK equities 2,705,412 2,577,905
Overseas equities 1,749,333 1,880,005
Cash deposits 30,084 262,912
UK fixed interest securities 1,415,426 1,483,697
Overseas fixed interest
Alternatives I 123,982 858,013
7,024,237 7,062,532
Income held in bank accounts I 557 3,267
7,025,794 7,065,799
2022 2021
13.Stocks
Merchandise for resale 679 833
4.Debtors: amounts falling due within one year
2022 2021
Trade Debtors 11,886 6,468
Other debtors 12,878 12,676
Prepayments and Accrued Income 147,934 407,407
172,698 426,551
5.Creditors: amounts falling due within one year
2022 2021
g
Trade creditors 17,342 17,170
Accrued expenses 63,681 86,484
Deferred income 31,343 60,709
Other creditors 50,276 30,092
162,642 194,455
eferred income
2022 2021
Opening balance
Movement
in period		 60,709
~29,366
31,343		 7,500
53,209
60,709

20.Analysis ofNet Assets bet ween Funds
Unrestricted Restricted Funds Designated Total Funds
Funds Funds
Intangible
fixed assets		 127 127
Tangible fixed assets 12,507 14,131 26,638
Investments 7,025,794 7,025,794
Current assets 502,374 96,824 599,198
Current
liabilities		 (135,854) (26,788) (162,642)
Liabilities over 1 year
Net
assets
at 31" March
2022 379,154 7,109,961 7,489,115

Total
2022 2021
Hospice services 32.20 27.00
Fundraising and publicity
(including shops) 10.30 7.00
Management
the charity		 and administration of 9.00 8.00
51.50 42.00

2022 2021
24. Capital Commitments Nil Nil
2022 2021
25. Contingent
liablhttes		 Nil Nil
6. Reconciliation ofnet movement in funds to net cashflow from operating activities
2022 2021
Net movement
in income/
(expenditure)		 (91,347) 1,492,826
Add back amortisation charge 1,529 1,529
Add back depreciation charge 24,029 21,228
Add back loss on disposal 691 452
(Gains)/losses
on investments		 (183,719) (1,366,748)
Dividends
and interest		 from investments (195,176) (212,923)
Investment
charges accrued		 28,867 25,307
Decrease (increase) in stocks 154 914
Decrease (increase) in debtors 253,853 (343,811)
Increase (decrease) in creditors (33,603) 102,942
Net cash used in operating
activities		 14 22 2
2 4
Analysis ofcash and cash equivalents
Net cash at the end of the year. 425
2		 232459
29

UNRESTRICTED RESTRICTED DESIGNATED 31/03/21
FUNDS FUNDS FUNDS TOTAL
FUNDS
Income from:
Donations
and Legacies		 137,446 39,450 176,896
Charitable
activities:
Local Health Board service
level agreement 295,765 295,765
Welsh Government 45,404 45,404
Covid-19 Emergency
Funding 575,721 575,721
Aneurin
Bevan University
Health Board 73,042 73,042
Other trading activities:
Shop and merchandise sales 157,359 157,359
Fundraising 151,414 844 152,258
Investments 49 212,874 212,923
Other 209,278 209,278
Total Income 1,231,267 667,379 1,898,646
Expenditure
on:
Raising funds:
Shops and merchandise 216,149 216,149
Fundraising 209,191 1,789 210,980
Investment
management		 25,307 25,307
Charitable
activities		 892,758 427,374 1,320,132
Total Expenditure 1,318,098 454,470 1,772,568
Gains/ (losses) on investments 1,366,748 1,366,748
Net Income / (Expenditure) (86,831) 1,579,657 1,492,826
Transfers between
funds		 475,000 ~475.000
Net movement
in funds for
the year 388,169 1,104 657 1,492,826
ReconciTiation offunds:
Balances brought
forward		 48,304 6,039,332 6,087,636
Balances carried forward at
31"March 2021 436,473 7,143,989 7,580,462

Unrestricted Restricted Unrestricted Restricted
2022 2022 2021 2021
Income:
Charitable
trusts		 34,500 38,329 55,612 31,040
Donations &legacies 83,518 77,941
NHS donations & grants 211,945 211,945
Sales ofmerchandise 121 93
Bank interest received 33 49
Investment
income		 195,144 212,873
Aneurin
Bevan University		 Health
Board 174,754 73,042
Events/community fundraising 180,089 2,345 151,414 844
ABUHB —Hospice at Home 83,820 83,820
Shop sales 421,139 157,266
Welsh Government 213,014 37,497 575,721 108,692
Furlough &Retail grants 909 209,278
Other 1,425 18,284 3,893 8,410
934,748 762,118 1,231,267 730,666
Expenditure
Charitable
activities
Clinical salaries 440,579 511,488 312,009 375,154
Clinical pensions 49,153 29,507 44,610 27,361
Social worker salaries 159,442 9,256
Social worker expenses 1,645 162
Drugs &clinical supplies 175 47
Clinic rent
Motor expenses 18,791 17,820 100
Clinic food &other costs 274 1,330 84 337
Clinical equipment maintenance 1,032 630 1,411
Doctors / nurses mobile phones 6,011 225 3,975
Tramlllg 6,375 1,500 4,103 1,840
Miscellaneous 17 1,305, 1,939 3,464
Clinical equipment depreciation 37 36
Equipment
loss on		 disposal
Recruitment 140
Support costs 309,545 9,931 273,365 7,656
833,634 555,916 819,003 425,308

or the year ended 31 "March 2022 cont inued
Unrestricted Restricted Unrestricted Restricted
2022 2022 2021 2021
Fundraising
&Publicity
Salaries 110,896 98,253
Pensions 7,975
Motor expenses 5,680 3,837
Printing &stationery 903
Training 2,176 1,829
Merchandise
for resale		 3,969 1,492
Fundraising
expenses		 16,568 27,775
Events 8,595 490
Shop rental &costs 91,930 92,657
Retail salaries 142,065 118,460
Investment
management		 fees and charges 28,867 25,307
Telephone 2,527 1,887
Shop fittings &vehicle depreciation 2,596 3,540
Database costs 3,005 2,394
Support costs 75,969 2,437 63,848 1,789
Loss on disposal ofmotor vehicle
465,976 31,304 425,340 27,096
Management
&Admin		 / Governance
Salaries 252,383 9,238 233,821 5,941
Pensions 12,944 10,569
Motor expenses 3,133 1,916
Telephone &postage 14,532 14,033
Printing &stationery 4,635 4,166
Insurance 13,110 10,607
Auditors
remuneration		 3,600 4,356
Accountants
remuneration		 776 4,984
Professional
fees		 9,704 3,542
Bank charges and interest 3,396 568
Miscellaneous 7,179 4,030
Office equipment
depreciation		 21,395 17,651
Property improvements depreciation
SoAware smortisation 1,529 1,529
Subscriptions 2,369 1,373
Rent and rates 69,086 66,296
ITexpenses 20,778 5,775 25,044 5,569
Trade Team expenses 8,837 7,553
Office machine
rental		 2,069 2,538
Lease finance interest 473 1,139
Irrecoverable
vat		 (21,375)
Personnel
services
Allocation ofsupport costs		 16,041
467,969
~385,573
82,456		 15,013
~12,368
2,645		 16,629
410,969
~337,214
73,755		 11,510
~9,444
2,066
Transfer offunds 390~tl0 ~390,000 475 ~tltl ~475,000
(Deficit)/ surplus ofincome over
Expenditure (217,747) 388,169 /191) 8031