CHAR￿ REGISTRATION NUMBER: 1039164 Gaynor Cemlyn Jones Trust Unaudited Financial Statements For the year ended 31 March 2024 PRITCHErr & co Chartered Accountants & Chartered Tax Advisers 16 Wynnstay Road Colwyn Bay Conwy LL29 8NB Gaynor Cemlyn Jones Trust Financial Statements Year ended 31 March 2024 Page Trustees, annual report Independent examiner's report to the Trustees Receipts and payments account Statement of assets and liabilities Notes to the financial statements Gaynor Cemlyn Jones Trust Trustees. Annual Report Year ended 31 March 2024 The Trustees present their report and the unaudited financial statements of the Trust for the year ended 31 March 2024. Reference and administrative details Registered charity name Gaynor Cemlyn Jones Trust Charity registration number 1039164 Principal office 98 Deganwy Road Llandudno LL30 INA The Trustees Mrs Janet Elizabeth Lea Mr Colin Andrew Wickens Mrs Jean Elisabelh Barlow (Appointed 17 January 2024) Miss Angharad Mair Owen (Appointed 17 January 2024) Administrator Mrs Jean Elisabeth Barlow Stockbroker Rathbone Investment Management Port of Llverpool Building Pler Head Llverpool 13 INW Independent Examiner Prltchett & Co Chartered Accountants & Chartered Tax Advisers 16 Wynnstay Road Colwyn Bay Conwy LL29 8NB Bankers National Westminster Bank PIC 62 Mostyn Street Llandudno LL30 2SN Gaynor Cemlyn Jones Trust Trustees, Annual Report (contlnuedj Year ended 31 March 2024 structurei governance and management The G3ynor Cemlyn Jones Trust (Previously known as The Cemlyn Jones Trust) is registered with the Charlty Commissioners (No 1039164) and constituted by Deed of Trust. The Trust is administered by the following Trustees; Mrs Janet Elizabeth Lea Mr Colin Andrew Wickens Mrs Jean Ellsabeth Barlow (Appointed 17 January 2024) Miss Angharad Malr Owen (Appointed 17 January 2024) Mr David Marshall Hannah sadly passed away during the year. The appolntment of Trustees is governed by the Deed of Trust. Transactions with Trustees The Trustees have re￿IVed no reimbursement for expenses incurred. The Trust Deed does glve the abillty to relmburse should it be felt to be necessary, Prior to Mrs Jean Elisabeth Barlow's appointment as a Trustees, administration fees and expenses of £788 were paid for the ServI￿S provided. Going forward, it has been proposed that Mrs Jean Elisabeth Barlow will received E75 a quarter as recompense for the additional administration seNices provided and expenses incurred. Grant making policy The Trustees review appllcations made for grants and notify appllcants following their review. Objectives and activities The aims and objectives of the Trust are any charitable purposes as the Trustees may from tlme to time in their absolute dlscretion a) Conservation and protectlon of features of general public amenity or historic or public interests in Wales provided that the work of the Trust is limited to land over which public access is assured. b) Medical research with particular reference to cancer, heart disease, arthritis, rheumatism and diabetes, the result of any such research to be disseminated to the public c) Protection and welfare of animals and birds. d) Study and promotion of music with particular reference to operatic performance. e) Activities and requirements of religious and educational Eh)dies and institutions particularly those operating in the Counties of Conwy and Gwynedd. Specific projects for the benefit of North Wales and Anglesey are preferred to general national appeals. We have referred to the guidance contained in the Charity Commisslon's general guidance on public benefit when reviewing our objectives and activities and in planning our future activities. Gaynor Cemlyn Jones Trust Trustees, Annual Report (contlnued) Year ended 31 March 2024 During the year under Conside￿tiOn the following grants were made, totalllng £24,949 The Aloud Charity Beaumaris Festival Rhyl Music Club Royal College of music and Drama WNO Bangor Cathedral MusSc in Hospitals and Care Natlonal Tnjst - Ty Mawr Wybrnant Ty Gobaith £2,000 £2,500 £500 £2,000 £3,000 £4,000 £1,200 £2,5CKJ £7,249 Financial review The Trust had income recelpts of £33,294 and made charltable payments totalling £37,041 (net) in the year. Investments held by the charity have b￿n acquired In accordance wlth powers avaSlable to the Trustees. The assets of the Trust comprise a Stock Exchange Portfolio of investments and cash. The Trustees anticipate that this portfolio of Investments will generate income in the region of £34,000 in the financial year ending 31 March 2024. The Trustees determlne the level of reserves to be held In an Investment portfollo In order to generate sufficient income by way of dividend and Interest to fund the annual charltable expenditure. Risk management The Trustees are aware of the major operational and business risks faced by the charlty and take any precautionary actlons. As part of the risk management process, the Trustees contlnue to strateglcally review the Investment portfolio. The Trustees, annual rewrt was approved on J.o).l.y.+.12.p14....... and signed on behalf of the board of Trustees by.. Mrs net E5izabeth Lea ustees Gaynor Cemlyn Jones Trust Independent Examiner's Report to the Trustees of Gaynor Cemlyn Jones Trust Year ended 31 March 2024 Responsibilities and basis of report As the charity's trustees you are responslble for the preparation of the accounts In accordance with the requirements of the Charities Act 2011 ('the Act,). We report in respect of our examination of the charity's accounts carried out under section 145 of the Act and in carrying out our examination we have followed all the applicable Direclions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement We have completed our examination. We conflrm that no material matters have come to our attentlon in connection with the examlnation giving us cause to belleve that in any materlal respect.. accountlng records were not kept in respect of the charlty as requSred by section 130 of the Act. or the accounts do not accord with those records; We have no concerns and have come across no other matters In connection wlth the examinatlon to which attentlon should be drawn in this report in order to enable a proper understandlng of the accounts to be reached. PRITCHETh & CO Chartered Accountants & Chartered Tax Advisers 16 Wyniistay Road Colwyn Bay Conwy LL29 8NB Gaynor Cemlyn Jones Trust Receipts and Payments Account 31 March 2024 2024 Total unrestricted funds Total funds 2023 Note Receipts Investment income 33,294 212,110 34,742 136,126 Sales of Investments Total Receipts for the year Payments Grants 245,404 170,868 24,949 15,500 Accountancyi Management fees, Safe Custody & Valuatlon Fees 12,122 12,491 Payment for Investment Assets 227,876 143,525 Total Payments for the year 264,947 171,516 Net Receipts/(Payments) (19,543) (648) Reconciliation of funds Total funds brought forward 85,921 86,569 Net ReceiptslPayments (19,543) (648) Total funds as at 31 March 2024 66,378 85,921 Less. Cash held as part of investment portfolio (26,810) (53,309) Adjusted funds as at 31 March 2024 39,568 32,612 All income and expenditure derive from continuing activities. The note5 on page 7 to 8 fomi part of these financial statements. Gaynor Cemlyn Jones Trust Statement of Assets and Liabilities 31 March 2024 2024 2023 Fixed assets Investments 1,254,481 1,195,874 Current assets Cash at ban1( Rathbone income account 38,659 909 30,668 1,944 32,612 39,568 Creditors: amounts falling due within one year Net current assets 600 600 38,968 1,293,449 1,293,449 32,012 1,227,886 1,227,886 Total assets less current liabilities Net assets Funds of the charity Unrestricted funds 1,293,449 1,293,449 1,227,886 1,227,886 Total charity funds These financial statements were approved by the board of Trustee5 and authorised for issue on l.F