Finance Score: -3

Governance Score: -2

Support Score: 2

Liabilities <10%: +3
Excess reserves: -4
Large legacies income: +1
Spending declining: -1
Fundraising costs high: -2

No volunteer policy: -2

Overall weighted support: +2

Overall GiG Score: -3

VELINDRE UNIVERSITY NHS TRUST CHARITY

To support the Trusts provision of world class research-led treatment, care and support for patients and families affected by cancer as well as other patients supported by the Trust and those who are involved in the donation of blood or stem cells.

Analysis by Giving is Great

Positives:

The charity has received modest backing from a grant maker recently
This charity has a robust balance sheet
This charity has received considerable income from legacies in recent years

Regulatory & Governance issues to consider:

Although this charity works with volunteers it does not have a Volunteer Management policy
This charity uses a corporate trustee

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £9,529,000 available, equivalent to 52 months of spending and so may not be able to utilise additional funding
Spending is declining
Fundraising costs are high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23	*	£5,020	£2,188	£2,832	£948	£9,741	£9,529	52.3	0	37
31/03/22		£3,188	£2,664	£524	£337	£7,395	£7,175	32.3	0	0
31/03/21		£2,816	£2,770	£46	£226	£6,763	£6,543	28.3	0	0
31/03/20		£2,949	£2,794	£155	£496	£5,990	£5,774	24.8	0	0
31/03/19		£3,477	£3,726	£-249	£745	£6,353	£6,121	19.7	0	0
31/03/18		£4,535	£3,388	£1,147	£499	£6,456	£6,163	21.8	0	0
31/03/17		£2,446	£3,366	£-920	£520	£5,485	£5,034	17.9	0	0
31/03/16		£4,364	£2,586	£1,778	£478	£5,969	£5,274	24.5	0	0
31/03/15		£2,921	£2,904	£17	£435	£4,191	£3,153	13	0	0
31/03/14		£2,934	£1,775	£1,159	£319	£3,978	£2,593	17.5	0	0
31/03/13		£2,414	£1,835	£579	£340	£2,830	£1,066	7	0	0
31/03/12		£1,413	£1,398	£15	£180	£2,175	£1,596	13.7	0	0
31/03/11		£1,954	£2,145	£-191	£463	£2,231	£769	4.3	0	0
31/03/10		£1,255	£1,182	£73	£137	£2,314	£872	8.9	0	0
31/03/09		£874	£1,147	£-273	£91	£1,864	£797	8.3	0	0
31/03/08		£1,405	£2,193	£-788	£70	£2,587	£1,210	6.6	0	0
31/03/07		£1,294	£759	£535	£51	£3,443	£1,238	19.6	0	0
31/03/06	*	£1,340	£638	£702	n/a	n/a	n/a	n/a	n/a	n/a
31/03/05		£971	£492	£479	n/a	n/a	n/a	n/a	n/a	n/a
31/03/04	*	£1,011	£661	£351	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 23%
Fundraising Costs/Total Spending: 44.5%
Highest pay band: Less than £60,000
Liabilities/Assets: 1%
Liabilities/Income: 2%
Unrestricted Funds/Total Funds: 98%
Reserves/Spending: 52.3 months
Net Current Assets/Spending: 22 months
Quick Ratio: 23.2

Asset Split ?

Balance Sheet History

Established: 29 years

www.velindre-tr.wales.nhs.uk/

Corporate.Services2@wales.nhs.uk

02920316952

Charity Commission for England and Wales

Listed activities

Education/Training
General Charitable Purposes
The Advancement Of Health Or Saving Of Lives

GiG Classification

General outpatient health-care services

How it operates

Acts as an umbrella or resource body
Makes grants to organisations
Other charitable activities
Provides buildings/facilities/open space
Provides human resources
Provides services
Sponsors or undertakes research

Where it operates

Cardiff,

Who it helps

The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Masonic Trust - MCF Matched Funding
£2,700	03/08/2022	Unrestricted matched funding in partnership with the local masonic province

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (1)

VELINDRE UNIVERSITY NHS TRUST

Legal constitution

Charity registered in England & Wales on 01/02/1996, number: 1052501

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

20 returns made; AR23: 1 days late, AR06: 55 days late, AR04: 1 days late,

Main office

Velindre NHS Trust Headquarters
Unit 2
Charnwood Court
Heol Billingsley
Parc Nantgarw
Nantgarw

Objectives

Vision ? Invest in promoting Quality, Care and Excellence in the services provided by Velindre University NHS Trust.General ? For Charitable purposes relating to the general or specific purposes of Velindre University NHS Trust or to purposes relating to the Health Service and for any other Health Services for which specific monies have been donated for use within the UK or overseas. Patients - For the relief of illness of patients suffering from cancer or its effects as well as other patients that are/or have been treated by Velindre University NHS Trust. Staff - For the relief of sickness by promoting the efficient and effective performance and duties of Velindre University NHS Trust staff.Research - For any charitable purpose or purposes principally (but not exclusively) at or in connection with Velindre University NHS Trust, which will further the following aims; h) The investigation of the causes of cancer and the prevention, cure, treatment and defeat of cancer in all its forms; i) The advancement of scientific and medical education and research in topics related to cancer; j) The furtherance of any other charitable purpose for the relief of persons diagnosed with cancer. k) To support research and development into new and novel uses of blood, blood components and cellular technology for the benefit of patients. l) Improve donor care through the development of research activity m) Improve quality and safety of blood components and products n) Support research to improve outcomes in transplantation Aims - The aims of the Velindre University NHS Trust Charity are to; 1. Improve the quality and quantity of research undertaken by the Trust. Aims specific to Velindre Cancer Centre: 1. Improve outcome for cancer patients. 2. Improve conditions and support for cancer patients and their families that are treated by Velindre Cancer Centre. 3. Ensure that cancer patients treated by Velindre Cancer Centre have access to the best possible treatment, care and support by helping with the development of its facilities, services and training its staff. 4. Improve the scope of successful treatment by assisting with the development of Velindre Cancer Centre research activities and medical education. 5. Ensure the people affected by cancer will have their information, needs, and support addressed effectively. 6. Raise awareness about the prevention and early diagnosis of cancer within our community. Aims specific to the Welsh Blood Service: 1. Provide donors with the best care and experience possible and ensure donors feel fully valued. 2. Promote blood donation to grow the donor pool. 3. Improve donor care through the development of research activity at the Welsh Blood Service and utilise research and development activity to support the delivery of evidence based care.

Defined Area of Benefit:

NOT DEFINED

Data Sources

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