Finance Score: -6

Governance Score: 9

Support Score: 3

Low unrestricted reserves: -2
Income diversified: +3
Multiple Deficits: -2
Fundraising costs high: -5

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +3

Overall GiG Score: 6

HOSPICE OF THE VALLEYS

To provide a community Hospice and specialist palliative care service to the population of Blaenau Gwent.

Analysis by Giving is Great

Positives:

Income generation is well diversified
Spending has increased over the last 3 years relative to the previous period
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

One or more trustees receive payments or benefits from the charity for providing services to the charity
Over half the Board have joined recently

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end
On several occasions in recent years income has been less than spending
Fundraising costs are extremely high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23	£1,868	£2,123	£-255	£546	£6,405	£492	2.8	51	95
31/03/22	£1,697	£1,972	£-275	£468	£7,489	£379	2.3	51	171
31/03/21	£1,899	£1,773	£126	£427	£7,580	£436	3	42	198
31/03/20	£1,228	£1,870	£-642	£468	£6,088	£48	0.3	49	201
31/03/19	£1,050	£1,667	£-617	£416	£7,412	£173	1.2	46	200
31/03/18	£1,030	£1,646	£-616	£347	£7,525	£251	1.8	49	0
31/03/17	£1,069	£1,428	£-358	£266	£8,408	£385	3.2	46	0
31/03/16	£956	£1,418	£-463	£300	£7,981	£407	3.4	30	0
31/03/15	£924	£1,141	£-216	£297	£8,449	£780	8.2	24	0
31/03/14	£856	£946	£-90	£271	£8,280	£1,134	14.4	20	0
31/03/13	£948	£940	£9	£275	£7,931	£1,187	15.2	18	0
31/03/12	£897	£937	£-40	£288	£7,107	£1,178	15.1	19	0
31/03/11?	£987	£1,159	£-172	£352	£7,172	£1,203	12.5	18	0
31/12/09	£794	£866	£-73	£261	£6,740	£1,349	18.7	18	0
31/12/08	£840	£855	£-14	£240	£6,308	£1,387	19.5	16	0
31/12/07	£6,521	£863	£5,658	£220	£6,815	£1,417	19.7	17	0
31/12/06	£978	£831	£148	£0	£0	£0	n/a	0	0
31/12/05	£1,018	£781	£237	£0	£0	£0	n/a	0	0
31/12/04	£982	£800	£182	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 56.1%
Fundraising Costs/Total Spending: 26.9%
Senior Staff Costs/Total Spending: 4%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 3%
Liabilities/Income: 11%
Unrestricted Funds/Total Funds: 8%
Reserves/Spending: 2.8 months
Net Current Assets/Spending: 3 months
Quick Ratio: 2.6

Asset Split ?

Established: 38 years

www.hospiceofthevalleys.org.uk

enquiries@hospiceofthevalleys.com

01495 717277

Charity Commission for England and Wales

Tweets

Listed activities

The Advancement Of Health Or Saving Of Lives

GiG Classification

Hospice services

How it operates

Provides advocacy/advice/information
Provides services

Where it operates

Blaenau Gwent, Caerphilly, Merthyr Tydfil,

Who it helps

Children/Young People
Elderly/Old People
The General Public/Mankind

Who works here?

51 employees
95 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant 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
£1,000	18/01/2022	Unrestricted matched funding in partnership with the local masonic province
Sir Jules Thorn Charitable Trust - Hospice of the Valleys - 04/05/21
£5,000	14/06/2021	Core Funding
Masonic Trust - MCF Hospice UK Partnership
£16,623	28/02/2019	Dementia: Supporting Carers - Bereavement Support

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (6)

Current Trustees appointed

Gender Split

Age Range of Trustees: 33-68

JULIE TIMOTHY Appointed: 2022, Occupation: Charity Worker

MICHAEL BOBBETT (Chair) Appointed: 2023, Occupation: Financial Consultant

STUART WILLIAMS Appointed: 2022, Occupation: It Professional

VERLY LOUISE INGLIS Appointed: 2023, Occupation: Nurse

MATHEW MORRIS-PARKER Appointed: 2018, Occupation: Company Director

PHILIP ROBSON Appointed: 2022, Occupation: Semi-Retired

Legal constitution

Charitable company registered in England & Wales on 07/07/1986, number: 517724
Registered at Companies House on 04/04/1986, number: 02007005

Gift Aid

Registered with HMRC for Gift Aid

Other Regulators

Care Inspectorate Wales (CIW)

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Engaging external speakers at charity events policy and procedures
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
Paying staff
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
Volunteer management

Filing Record

19 returns made; all on time

Main office

Hospice of the Valleys
Festival Drive
EBBW VALE
NP23 8XF

Objectives

TO PROMOTE THE RELIEF OF SICKNESS IN SUCH WAYS AS THE ASSOCIATION SHALL FROM TIME TO TIME THINK FIT.

Defined Area of Benefit:

NOT DEFINED

Data Sources