CARDIFF AND VALE UNIVERSITY LOCAL HEALTH BOARD GENERAL PURPOSE CHARITY
Financial health, per its FY2025 accounts
The accounts state that total incoming resources increased to £1.852m, while total expenditure on charitable activities and fundraising reached £2.347m, resulting in a net decrease in total funds of £0.424m. The charity holds unrestricted reserves of £2.648m, which the trustees consider more than adequate for current needs against a stated policy target of £500,000 plus a fixed asset reserve. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“The current reserves policy states that the Charity should hold the following reserves: • A separate fixed asset investment reserve, based on 10% of the value fixed asset investments (circa £550,000) • A minimum of £500,000 to ensure that there are sufficient funds for on-going commitments” — page 23
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- CARDIFF AND VALE UNIVERSITY LOCAL HEALTH BOARD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.9m | £2.3m |
| 31/03/2024 | £1.5m | £2.6m |
| 31/03/2023 | £2.2m | £2.4m |
| 31/03/2022 | £1.8m | £2.4m |
| 31/03/2021 | £2.2m | £2.4m |
Common questions
Is CARDIFF AND VALE UNIVERSITY LOCAL HEALTH BOARD GENERAL PURPOSE CHARITY financially healthy?
The accounts state that total incoming resources increased to £1.852m, while total expenditure on charitable activities and fundraising reached £2.347m, resulting in a net decrease in total funds of £0.424m. The charity holds unrestricted reserves of £2.648m, which the trustees consider more than adequate for current needs against a stated policy target of £500,000 plus a fixed asset reserve. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Auditor General for Wales.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 06/09/2021 | £44k | "#Coed Ysbyty" |