**REGISTERED CHARITY NUMBER: 702507** ## **REPORT OF THE TRUSTEES AND** ## **UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2022** ## **FOR** ## **TY BRYNGWYN HOSPICE TRUST** Charles & Co Chartered Certified Accountants 3 Murray Street Llanelli Carmarthenshire SA15 1AQ **TY BRYNGWYN HOSPICE TRUST** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|3| |**Independent Examiner's Report**||4|| |**Statement of Financial Activities**||5|| |**Balance Sheet**||6|| |**Cash Flow Statement**||7|| |**Notes to the Cash Flow Statement**||8|| |**Notes to the Financial Statements**|9|to|15| |**Detailed Statement of Financial Activities**||16|| **TY BRYNGWYN HOSPICE TRUST** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022** The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The principal objective of the Trustees as set out in the declaration of trust is to relieve patients at Llanelli who are suffering from cancer and allied diseases by the provision of amenities, equipment, services and facilities not normally provided by the health authorities. To further this objective the Trustees have power to assist cancer patients who require medical nursing support in their homes, to assist the family or dependants of cancer patients who are in need as a result of the illness, to promote and support cancer research and to award bursaries to enable nurses and other staff and helpers to undertake specialised training courses. In order to achieve these objectives the Trustees have power to erect and furnish premises and to co-operate with voluntary organisations and the authorities having statutory responsibility for the provision of health care. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** There have been two principal activities carried out during the year. These were :- ## Fund-raising The trustees through the Committee of volunteers has continued to raise funds directly and has acted as a focus for the wider fund-raising activities of the local community and for the receipt of individual donations. ## Provision of Palliative Care Services Ty Bryngwyn is now a centre of excellence for palliative care services in Carmarthenshire. It provides in-patient palliative care services and day treatment services. It acts as a base for the Macmillan nurses, the bereavement service and therapies. The Hospice at Home scheme is centred here as is the equipment store for home aids etc. Day care is provided on two days a week at Ty Bryngwyn and at Ty Cymorth in Carmarthen under the supervision of the Palliative Care Manager. A consultant led out-patient service is provided at Ty Bryngwyn and the consultant also provides out-reach service to Amman Valley Hospital. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** In a Declaration of Trust dated 16th. January 1990 there is provision for a maximum of eight trustees to be appointed by the original trustees or their survivors for the time being. The trustees have to appoint a Chairman, Secretary and Treasurer from among their number annually at their Annual General Meeting. There is no bar to re-electing those officers annually. The trustees have power to appoint subcommittees comprised either wholly of trustees or partly of trustees and partly of other persons. Such a committee is the Committee of Volunteers. All the trustees are members of this committee together with, on average, forty other volunteers. The Committee has its own chairman and secretary distinct from the chairman and secretary of the trustees. The Treasurer to the committee is the Treasurer to the trustees and the manager for the time being of the bank at which the Trust's accounts are held is Banker to the committee. Other officers of this committee are the Minute Secretary, and Vice Chairman. The committee meets each month, with the exception of August and December, and provides a forum for support and consultation for the trustees in running the Trust. It also provides a lot of hard work in practical fund raising. Any vacancy for a trustee is filled by consensus selection by the existing trustees. Page 1 **TY BRYNGWYN HOSPICE TRUST** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022** ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 702507 ## **Principal address** Ty Bryngwyn Hospice Prince Phillip Hospital Dafen Llanelli Carmarthenshire ## **Trustees** Mr Philip Lewis Mr Robert Lewis Mrs Susan Thomas Mrs Audrey Jenkins Dr Ray Majer Mr F Adrian David R Craddock Mr Andrew Gwynne Stephens (appointed 1.1.22) Mr Roger Bowen (appointed 1.1.22) ## **Independent Examiner** R A Williams Charles & Co Chartered Certified Accountants 3 Murray Street Llanelli Carmarthenshire SA15 1AQ Page 2 **TY BRYNGWYN HOSPICE TRUST** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022** ## **TREASURER'S REPORT** The Ty Bryngwyn Hospice Trust contributed £155,250 towards the running costs of the Hospice during 2022, which was made up as follows:- Therapeutic Day Services £42,750 Medical (Speciality Grade) £52,500 Nursing (x1.4 CNS) £60,000 The Trust will again be called upon to provide essential financial assistance in the year ahead:- Therapeutic Day Services £14,250 Medical (Speciality Grade) £17,500 Nursing (x1.4 CNS) £20,000 ## Reserves Policy The Trustees recognise their obligation to apply the Charity’s income within a reasonable time of receipt and in accordance with the Trust Deed. During 2022 the Trust received legacies in the sum of £255,447 and together with donations and gift aid received another £85,675. This resulted in a balance of £1,282,372 of which £353,500 has been allocated to Earmarked Reserves in order for the Trust to continue financially supporting the above posts and the Day Care service shortfall over the next two years. The level of reserves is reported to the monthly meetings and will be reviewed when considering any requests of support from the Hywel Dda Health Board. I would like to thank everyone on the fund-raising committee who has contributed either by donating money or giving of their time selflessly to raise money. In particular, thanks to Mrs. Susan Thomas and Mrs. Audrey Jenkins for your continued and much appreciated help throughout the year. Due to the Covid-19 pandemic I have chosen to continue my role as Hospice Treasurer for the time being. ## Roger Bowen Approved by order of the board of trustees on 19 July 2023 and signed on its behalf by: Mr Philip Lewis - Trustee Page 3 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TY BRYNGWYN HOSPICE TRUST** ## **Independent examiner's report to the trustees of Ty Bryngwyn Hospice Trust** I report to the charity trustees on my examination of the accounts of Ty Bryngwyn Hospice Trust (the Trust) for the year ended 31 December 2022. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. R A Williams The Association of Chartered Certified Accountants Charles & Co Chartered Certified Accountants 3 Murray Street Llanelli Carmarthenshire SA15 1AQ 19 July 2023 Page 4 **TY BRYNGWYN HOSPICE TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022** |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Other trading activities
3
Investment income
4
**Total**
**EXPENDITURE ON**
Raising funds
5
**Charitable activities**
6
Hospice Funding
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
15
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
328,900
10,468
1,754
341,122
3,231
-
21,070
24,301
316,821
(251,224)
65,597
2,358,326
2,423,923|Restricted
fund
£
-
-
-
-
-
156,474
-
156,474
(156,474)
251,224
94,750
258,750
353,500|2022
Total
funds
£
328,900
10,468
1,754
341,122
3,231
156,474
21,070
180,775
160,347
-
160,347
2,617,076
2,777,423|2021
Total
funds
£
738,432
2,866
68| |---|---|---|---|---| |||||741,366| |||||1,280
216,330
21,070| |||||238,680| |||||502,686
-| |||||502,686
2,114,390| |||||2,617,076| The notes form part of these financial statements Page 5 **TY BRYNGWYN HOSPICE TRUST** ## **BALANCE SHEET 31 DECEMBER 2022** |Notes
**FIXED ASSETS**
Tangible assets
11
**CURRENT ASSETS**
Stocks
12
Cash at bank
13
**CREDITORS**
Amounts falling due within one year
14
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
15
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
1,495,632
499
928,872
929,371
(1,080)
928,291
2,423,923
2,423,923|Restricted
fund
£
-
-
353,500
353,500
-
353,500
353,500
353,500|2022
Total
funds
£
1,495,632
499
1,282,372
1,282,871
(1,080)
1,281,791
2,777,423
2,777,423
2,423,923
353,500
2,777,423|2021
Total
funds
£
1,516,702
250
1,101,205
1,101,455
(1,081)
1,100,374
2,617,076
2,617,076
2,358,326
258,750
2,617,076| |---|---|---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 19 July 2023 and were signed on its behalf by: Mr Philip Lewis - Trustee The notes form part of these financial statements Page 6 ## **TY BRYNGWYN HOSPICE TRUST** ## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022** |Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by operating activities
**Cash flows from investing activities**
Interest received
Net cash provided by investing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|2022
£
179,413
179,413
1,754
1,754
181,167
1,101,205
1,282,372|2021
£
524,375| |---|---|---| |||524,375| |||68| |||68| |||| |||524,443
576,762| |||1,101,205| The notes form part of these financial statements Page 7 **TY BRYNGWYN HOSPICE TRUST** ## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022** |**1.**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM**|**OPERATING ACTIVITIES**|**OPERATING ACTIVITIES**| |---|---|---|---| |||2022|2021| |||£|£| ||**Net income for the reporting period (as per the Statement of Financial**||| ||**Activities)**|160,347|502,686| ||**Adjustments for:**||| ||Depreciation charges|21,070|21,070| ||Interest received|(1,754)|(68)| ||(Increase)/decrease in stocks|(249)|686| ||(Decrease)/increase in creditors|(1)|1| ||**Net cash provided by operations**|179,413|524,375| ## **2.** **ANALYSIS OF CHANGES IN NET FUNDS** |**Net cash**
Cash at bank
**Total**|At 1.1.22
£
1,101,205
1,101,205
1,101,205|Cash flow
£
181,167
181,167
181,167|At 31.12.22
£
1,282,372| |---|---|---|---| ||||1,282,372| ||||1,282,372| The notes form part of these financial statements Page 8 **TY BRYNGWYN HOSPICE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Long leasehold - in accordance with the property ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. continued... Page 9 **TY BRYNGWYN HOSPICE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **2. DONATIONS AND LEGACIES** |Donations
**3.**
**OTHER TRADING ACTIVITIES**
Fundraising events
Profit from trading
Employee contributions
Collection box
Festival of Lights
**4.**
**INVESTMENT INCOME**
Deposit account interest
Curr asset inv income
**5.**
**RAISING FUNDS**
**Raising donations and legacies**
Festival lights
Support costs
**Other trading activities**
Postage & stationery
Bank charges
Web hoasting
Insurances
Miscellaneous Expenses
Aggregate amounts|2022
£
328,900
2022
£
5,117
227
1,114
818
3,192
10,468
2022
£
1,752
2
1,754
2022
£
181
1,080
1,261
2022
£
298
240
360
490
582
1,970
3,231|2021
£
738,432|2021
£
738,432|2021
£
738,432| |---|---|---|---|---| ||||2021
£
469
479
1,286
632
-|| ||||2,866|| ||||2021
£
67
1
68
2021
£
-
-
-
2021
£
640
-
86
490
64
1,280
1,280|| |||||1,280| |||||1,280| continued... Page 10 **TY BRYNGWYN HOSPICE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **6. CHARITABLE ACTIVITIES COSTS** |Hospice Funding
**7.**
**GRANTS PAYABLE**
Hospice Funding
Day Care Services (Ty Bryngwyn Hospice Trust Fund)
Doctor's Services
Bereavement Co-Ordinator
Nursing
Garden Project
Total
**8.**
**SUPPORT COSTS**
Raising donations and legacies|Grant
funding of
activities
(see note
7)
£
156,474
2022
2021
£
£
156,474
215,250|Grant
funding of
activities
(see note
7)
£
156,474
2022
2021
£
£
156,474
215,250| |---|---|---| ||2022|2021| ||£|£| ||42,750|42,750| ||52,500|52,500| ||-|20,000| ||60,000|100,000| ||1,224|| ||-----------|----------| ||156,474|215,250| ||-----------|----------| ||Governance
costs
£
1,080|| ## **9. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021. continued... Page 11 **TY BRYNGWYN HOSPICE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** |**10.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Hospice Funding
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**11.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 January 2022 and 31 December 2022
**DEPRECIATION**
At 1 January 2022
Charge for year
At 31 December 2022
**NET BOOK VALUE**
At 31 December 2022
At 31 December 2021|**ACTIVITIES**
Unrestricted
fund
£
738,432
2,866
68
741,366
1,280
1,080
21,070
23,430
717,936
(306,628)
411,308
1,947,018
2,358,326|Restricted
fund
£
-
-
-
-
-
215,250
-
215,250
(215,250)
306,628
91,378
167,372
258,750||Total
funds
£
738,432
2,866
68| |---|---|---|---|---| |||||741,366| |||||1,280
216,330
21,070| |||||238,680| |||||502,686
-| |||||502,686
2,114,390| |||||2,617,076| |||||Long
leasehold
£
2,062,196
545,494
21,070
566,564
1,495,632
1,516,702| |||||| |||||| |||||| |||||| continued... Page 12 **TY BRYNGWYN HOSPICE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **12. STOCKS** |Stocks
**13.**
**CASH AT BANK**
Restricted Funds
2023
£
Day Care Shortfall
17,500
Doctor's & Nurses Services
14,250
Bereavement Services
20,000
Garden Project
-
Total
Balance that can be allocated against the Health Board's request
**14.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
**15.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.1.22
in funds
£
£
**Unrestricted funds**
General fund
2,358,326
316,821
**Restricted funds**
Ty Bryngwyn Hospice
258,750
(156,474)
**TOTAL FUNDS**
2,617,076
160,347
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
341,122
**Restricted funds**
Ty Bryngwyn Hospice
-
**TOTAL FUNDS**
341,122|||2022
£
499||2021
£
250| |---|---|---|---|---|---| ||||2024||Total| ||||£||£| |||17,500||35,000|| |||14,250||28,500|| |||20,000||40,000|| |||250,000||250,000|| ||||||| |||||353,500|| ||||||| ||||||| |||928.872
2022
2021
£
£
1,080
1,081
Transfers
between
At
funds
31.12.22
£
£
(251,224)
2,423,923
251,224
353,500
-
2,777,423
Resources
Movement
expended
in funds
£
£
(24,301)
316,821
(156,474)
(156,474)
(180,775)
160,347|||| ||||||| ||||||| continued... Page 13 **TY BRYNGWYN HOSPICE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **15. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |Net
movement
At 1.1.21
in funds
£
£
**Unrestricted funds**
General fund
1,947,018
717,936
**Restricted funds**
Ty Bryngwyn Hospice
167,372
(215,250)
**TOTAL FUNDS**
2,114,390
502,686
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
741,366
**Restricted funds**
Ty Bryngwyn Hospice
-
**TOTAL FUNDS**
741,366
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1.1.21
in funds
£
£
**Unrestricted funds**
General fund
1,947,018
1,034,757
**Restricted funds**
Ty Bryngwyn Hospice
167,372
(371,724)
**TOTAL FUNDS**
2,114,390
663,033||Transfers
between
funds
£
(306,628)
306,628
-
Resources
expended
£
(23,430)
(215,250)
(238,680)
Transfers
between
funds
£
(557,852)
557,852
-|At
31.12.21
£
2,358,326
258,750
2,617,076
Movement
in funds
£
717,936
(215,250)
502,686
At
31.12.22
£
2,423,923
353,500
2,777,423| |---|---|---|---| ||||| ||||| continued... Page 14 **TY BRYNGWYN HOSPICE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **15. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |Incoming
resources
£
**Unrestricted funds**
General fund
1,082,488
**Restricted funds**
Ty Bryngwyn Hospice
-
**TOTAL FUNDS**
1,082,488|Resources
Movement
expended
in funds
£
£
(47,731)
1,034,757
(371,724)
(371,724)
(419,455)
663,033| |---|---| ## **16. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2022. Page 15 **TY BRYNGWYN HOSPICE TRUST** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Other trading activities**
Fundraising events
Profit from trading
Employee contributions
Collection box
Festival of Lights
**Investment income**
Deposit account interest
Curr asset inv income
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Festival lights
**Other trading activities**
Postage & stationery
Bank charges
Web hoasting
Insurances
Miscellaneous Expenses
**Charitable activities**
Grants to institutions
**Other**
Depreciation of tangible fixed assets
**Support costs**
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income**|2022
£
328,900
5,117
227
1,114
818
3,192
10,468
1,752
2
1,754
341,122
181
298
240
360
490
582
1,970
156,474
21,070
1,080
180,775
160,347|2021
£
738,432
469
479
1,286
632
-| |---|---|---| |||2,866
67
1| |||68| |||741,366
-
640
-
86
490
64| |||1,280
215,250
21,070
1,080| |||238,680| |||502,686| This page does not form part of the statutory financial statements Page 16