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





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|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<br>/|Retail Grants|||209278|909|
|Investment|income||216486|212923|195,177|
|Total|||1,228,395|1,898,646|1,696,867|






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|||UNRESTRICTED|UNRESTRICTED|RESTRICTED|DESIGNATED|31/03/22|31/03/21|
|---|---|---|---|---|---|---|---|
||||FUNDS|FUNDS|FUNDS|TOTAL|TOTAL|
|||||||FUNDS|FUNDS|
||NOTES|||||||
|Income from:||||||||
|Donations<br>and Legacies||3|119,443|56,613||176,056|176,896|
|Charitable<br>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<br>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<br>on:||||||||
|Raising funds:||||||||
|Shops and merchandise|||240,561|||240,561|216,149|
|Fundraising|||225,416|2,438||227,854|210,980|
|Investment<br>management||||28,867||28,867|25,307|
|Charitable<br>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<br>funds||19|390,000|~390,000||||
|Net movement<br>in funds for<br>the year|||57,319|||~93,347|1,492,826|
|Reconciiliation offunds:||||||||
|Balances brought<br>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|





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|As at 31"March 202|2|||||||
|---|---|---|---|---|---|---|---|
|||Notes|2022|||2021||
|Fixed assets||||||||
|Intangible<br>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<br>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<br>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<br>funds||17||379,154|||436,473|
|Designated<br>funds||18||||||
|Restricted funds||17||7,109,961|||7,143,989|
|Total charity funds||||7,489,115|||7,580,462|



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||||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<br>from investments||||390,000|475,000|
|Proceeds from disposal offixed||assets||||
|Net cash provided<br>by investing||||388,084|449,368|
|Activities||||||
|Increase (decrease) in cash|and cash|||||
|equivalents<br>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||||||





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|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|



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|||||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|



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|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<br>vat|Salary costs|||||~21,375|
|||78,406|319,476|85,101|482,983|422,479|



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|Depreciation|—owned assets|
|---|---|
|Depreciation|—assets on finance|
|Amortisation||
|Auditor's<br>remuneration||
|Accountants|fees for other services|




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||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<br>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|





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|forming part ofthe fin<br>Tangible Fixed Assets|ancial stateme|nts<br>for the|year ended|31"March|2022|||
|---|---|---|---|---|---|---|---|
||Otfice<br>Equipment|Clinical<br>Equipment|Shop<br>Fixtures<br>&|Motor<br>Veldclcs|Centre|Property<br>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<br>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<br>Equipment|Office<br>Equipment|Clinical<br>Equipment|Shop<br>Fixtures|Motor<br>Vehicles|Day|Property|
|---|---|---|---|---|---|---|---|---|---|
|||||||4h||Centre|Improvements|
|||||||Fittings||||
|DIRECT||||||||||
|CHARITASLE||||||||||
|PURPOSES||||||||||
|Community<br>Services||||5,353|||3,052|77||
|Other Purposes||||||||||
|Administration|office|||13,418||||||
|Fundraising|||||||4 738|||
|||||18,771|||7,790|77||
||||||||2022|2021||
|12.Investments<br>Market value as|at|(including<br>cash <br> 1"April 2021|||deposits)||7,065,799|5,986,484||
|Disposals at carrying value (tmnsfers|||||to income)||(390,000)|(475,000)||
|Invesiment<br>income|||||||195,144|212,874||
|Investment<br>costs|charged||and|accrued|||(28,867)|(25,307)||
|Net (loss)/gain<br>on||revaluation|||||182,041|1,293,053||
|Net (loss)/gain<br>on||disposals|||||1,677|73,695||
|Market value as|at|31"March||2022|||7,025 794|7,065,799||





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|ments<br>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<br>Movement<br>in period||||60,709<br>~29,366<br>31,343|7,500<br>53,209<br>60,709|



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|20.Analysis ofNet Assets bet|ween Funds||||
|---|---|---|---|---|
||Unrestricted|Restricted Funds|Designated|Total Funds|
||Funds||Funds||
|Intangible<br>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<br>liabilities|(135,854)|(26,788)||(162,642)|
|Liabilities over 1 year|||||
|Net<br>assets<br>at 31" March|||||
|2022|379,154|7,109,961||7,489,115|



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



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|||||2022|2021|
|---|---|---|---|---|---|
|24.|Capital Commitments|||Nil|Nil|
|||||2022|2021|
|25.|Contingent<br>liablhttes|||Nil|Nil|
|6.|Reconciliation ofnet movement|in funds to net|cashflow from operating|activities||
|||||2022|2021|
||Net movement<br>in income/<br>(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<br>on investments|||(183,719)|(1,366,748)|
||Dividends<br>and interest|from investments||(195,176)|(212,923)|
||Investment<br>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<br>activities|||14 22|2<br>2 4|
||Analysis ofcash and cash equivalents|||||
||Net cash at the end of|the year.||425<br>2|232459|
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|||UNRESTRICTED|RESTRICTED|DESIGNATED|31/03/21|
|---|---|---|---|---|---|
|||FUNDS|FUNDS|FUNDS|TOTAL|
||||||FUNDS|
|Income from:||||||
|Donations<br>and Legacies||137,446|39,450||176,896|
|Charitable<br>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<br>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<br>on:||||||
|Raising funds:||||||
|Shops and merchandise||216,149|||216,149|
|Fundraising||209,191|1,789||210,980|
|Investment<br>management|||25,307||25,307|
|Charitable<br>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<br>funds||475,000|~475.000|||
|Net movement<br>in funds for||||||
|the year||388,169|1,104 657||1,492,826|
|ReconciTiation offunds:||||||
|Balances brought<br>forward||48,304|6,039,332||6,087,636|
|Balances carried forward at||||||
|31"March 2021||436,473|7,143,989||7,580,462|





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||||Unrestricted|Restricted|Unrestricted|Restricted|
|---|---|---|---|---|---|---|
||||2022|2022|2021|2021|
|Income:|||||||
|Charitable<br>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<br>income||||195,144||212,873|
|Aneurin<br>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<br>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<br>loss on|disposal||||||
|Recruitment||||||140|
|Support costs|||309,545|9,931|273,365|7,656|
||||833,634|555,916|819,003|425,308|





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|or the year ended 31|"March 2022 cont|inued||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Unrestricted|Restricted|
|||2022|2022|2021|2021|
|Fundraising<br>&Publicity||||||
|Salaries||110,896||98,253||
|Pensions||||7,975||
|Motor expenses||5,680||3,837||
|Printing &stationery||||903||
|Training||2,176||1,829||
|Merchandise<br>for resale||3,969||1,492||
|Fundraising<br>expenses||16,568||27,775||
|Events||8,595||490||
|Shop rental &costs||91,930||92,657||
|Retail salaries||142,065||118,460||
|Investment<br>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<br>&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<br>remuneration||3,600||4,356||
|Accountants<br>remuneration||776||4,984||
|Professional<br>fees||9,704||3,542||
|Bank charges and interest||3,396||568||
|Miscellaneous||7,179||4,030||
|Office equipment<br>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<br>rental||2,069||2,538||
|Lease finance interest||473||1,139||
|Irrecoverable<br>vat||||(21,375)||
|Personnel<br>services<br>Allocation ofsupport costs||16,041<br>467,969<br>~385,573<br>82,456|15,013<br>~12,368<br>2,645|16,629<br>410,969<br>~337,214 <br>73,755|11,510<br> ~9,444<br>2,066|
|Transfer offunds||390~tl0|~390,000|475 ~tltl|~475,000|
|(Deficit)/ surplus ofincome over||||||
|Expenditure|||(217,747)|388,169|/191) 8031|