Charity Registrati￿ No. 1057856 coM￿Y RtSl5tr41￿ No. 03202751 (England Ind Walul CYMRU F(xrfBAIL FOLfNDATION LIMITED (FOPMERLY FAW F(M)TBALL IN THE COMMUNrrY UMITEDI ANNUAL BEPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 21r22 CYMRU F(K)IBALL FOIJNDAITON LIMITED (FORMERLY FAW F(KlfBALL IN IHE COMMUNrrY LIMITED) LEGAL AND ADMINISTRATIVE INFORMATION Truste Miss K M Davie5 MT L J•m<* Ms G Powell Mr I M William$ Mr W L Williams MTS H K Budtl¢y {JJpp)intrd 25 Novanb¥ 20221 Mrs H While Iwint•J 25 Novanbty 20221 Mr R A Williams (ap￿intsd 25 NovemF*r2022) K¢y M*n48eTheDt Mi¥s C Mr D Admns Mrs L H￿n Mrc Darlingtry) MrR Williams Mrn E Wi118 MrA Lcwia ChArfry muzmber 1057856 C•rnpAOy ty•mbEr 03202751 1ntrrn￿1O￿II Spms VilloBe Unitd Kingthy NP194RA Ind¢pend¢Dt Audttor Ch8rtt¥ed Accumtsnts *KI StatsJt￿ Audith On¢ Kingsway CF103PW B•nke HSBC B4Mk pl¢ Binley Covthtsy CV3 2SH Prof¢iilo•al Adv1¢¢ Geldarth Ll t)umfriu Hout¢ Dumfrits Pl*¢ Cardiir CFIO 3ZF CYMRU FOOTBALL FOUNDATION LIMITED IFORMERLY FAW FIXYTBALL ￿ THE (X)MMtrNITY LIMrrEDI CONTENTS Indepthrknt audit￿8. rq I1￿12 stat￿￿t of fJn8n¢ial attrviti¢g {iDLW￿and expendlfj￿) 13 BAiarKe Shc£t 14 StatLThcnt of fio 15 Notes to th¢finmthal atrtcrnenLq 1&20 CYMRU F(X)TBALL FOUNDATION LIMtrED (FORMERLY FAW F(X)TBALL TN THE (X)MMUNfTY LtNIlTED) TRusfLES' REPORT (INCLUDING DIRKcfoRS' REPORTI FOR TItE PERtOD ENDED 30 JUP4E 2022 Thc'frustttswestht thcir Tg￿ Iftd 8wJitd sthttsilthts f￿the 15-month t￿d￿l 30Julle 2021 Th¢ financial statetllots haVebe￿ in with th¢&xxwnting ￿)11¥￿￿ set out in I to thefinBnria] .*tatonemts and compty with theTru5Vs govcrning doounenc th¢ Companics Aa 20rkn ADd-Ac￿Unt1￿g *Ki R¢porting try ChaTiIi¢4'. Statement of R￿mmended atvlicableto d￿ritieS FryaTit18 thcir financial statements it) #tcordonc¢ with th¢ Fin￿11] Rqwhng Standud 4¥1icAbi¢ in the UK and Rwthli¢ of Ireland IFRS 1021 (¢tTibaJl. ￿ (rfherg8m¢s ijr spjrts tr) u51# in ensurit)8 thot du¢ &tl&)tion is 8ivcn w the Ph￿1¢￿1 educatiun lkftd d¢v¢lwicniof particir*n (bl To furthtt th¢ mNhotion of ￿Mm￿lIty PaTtsC1patir￿ in hts]thy physid rtutation with 3pxific r¢fm¢¢ to impn)ving 50ciaJ welhre arn¢M8￿ disadvonts8¢d ry)mmunitie4 immi8rats¢s and refiJ8ets. th¢M¢ (mmunities fed Und(*¢r￿1￿1 nathrnlly f(*)ttdl (fLtherw f* To pnxnotctar8ete4 PArtic]Wii￿ actasibility mtcgie& ty￿￿lty, diversity and inclusion strai¢8tu dnd iusiaithability ithd wcial re5wisibility Stratcpu {includin8 heoith, cduuthon athd ts)Tnmunity devo]opmwt covettng 411 a8es) iwludin8 w¢i81 and ysin8 th¢ offkxthll to iYinB commthiitie5 to8&h￿. Id) 1.0 underthke •ry X¢ion4 4X%iVitiu ￿￿1¢¢• whith yel￿MplaI￿nMry to orin afty ￿Y rElatVAi to th¢ hievtytt¢mi of the The Foundaii(m *thi¢ves thtye (￿i￿lIVe& by. {*) Delivv 8 of fti¢ility 1nvtsbn￿t PTO8Thrn that will (kveky 0￿￿dID$ f￿ball faLiIiii¥ (bl Devclopin8 tt¢w f￿lIlty modols that #rve 7rrideru)mmw)ity neeth 18 well ￿ gamtin8 mote inth)me for the game and its clubs. (¢) Supporting the development of s¢m8v thrtwh eff4xtiv¢ fJcility mana8Utttnt wd pitr* maintm•ntt mod¢l$. {d) Thinking lon8 term by investins in ￿virOnMentAllY suststinabl¢ f*iliii Prior to thi8 tirne. the obicits of theThist *hted below. (a) To organix or pA)vid¢ w w8iSt in the rff88ni5a1il￿ of f4cililies t*hich will enable and pupils of sch￿)18 and Universities in any of W¥lrJ to play A58tti￿1th F￿)fi*ll rK S&W)rty and thffeby t() wilt in l￿surin8 thai ￿tt¢￿tr"oft is 8iv¢n to the￿Y￿e&l eAluc4iM deVelqXkn￿ of th p￿1]S a6 well &¥ to th¢ dcv¢lopmtnt Jnd IKawioD ofthtirmind¥. Ibl To orwi5e or rthridc Ora5￿ in theOr8AniWl￿ or1￿0￿781￿ of facilitie5 forphy5iuJ rcKrclltion in the ihtavl¥ of social welf8re Tn •ny wt of Waltt (with th¢ of imwovillg th¢condrticffls of life fort1* trw¥ and Kir18 for whom th¢ 5wm¥ arc providtyj) for toys 8nd prLs wFKTr ar¢ under yws of 08e or othmviy¢ in fijll time ducation wy th¢ Bgc of hvcnty and wlK> by re￿ltI of theiryouth Lf wciaj wea)1￿￿1¢ cÈr0mstan￿ ha￿ neal of fa¢tliiie& (cl To Ixsani*oT ￿lde oragsi* iti or&YoTriJion of ￿3]it1￿ rypyknthiticy ¢0 thoye ]x7K￿9 wÉth a disability. with rc8arth to Fc￿eball othtr gwej Id) The prorn￿ of l￿￿￿¥￿]ty ￿rtIcl￿filM ID bdthy reLYthn by wovidin8 Or&￿11)ng in thewovision of fa¢ilitieB forplayin8 &8strinlityJ fo(th]l CYMRU Fly)TB￿ FOUNDATION LIMrrED (FORMERLY FAW F(X)TBALL IN IHE COMMUNITY LIMITED) TRUSTEES. REPORT IINCLUDINC DIREcroKg' REPORTI FOR THE PERIOD ENDED 30 JU.YE 2022 (coNfiNuED) TheTtU# athi¢v￿ th¢se￿i#ll￿ ty. • it)crwin¥ rales of by inyurmg in k¢y Stakd￿l￿¢TS to Fyovtde oMxxtyttiti¢5 fw Iw 8irl4 playas with disabiliti¢$ and thwe fmm ￿liallY orths*lvania8d grnunities: • identifying and develq)in8 • fl¢xibk Ind a￿e4]Ing f￿1b￿lI offcr to player80f a]14p and 811 demowhics • )*oviding a full r￿tOf￿jrXO to imryoveth¢ of (￿In$ in Wal¢s to Lwrt c(Athes 10 fi￿fil th¢¥r • Ide￿tifyIng and devekyithg takn1￿ yLwn8 play4¥S ts) thcir prosttssion thr(wgh theplayWpath￿. . idthtifying. develq>ing r¢tainin8 Vol￿te¢￿ who hdp LYgani5c fOrtb￿l **ivity' • WOt￿tIng afyj advocating invcmmtht ith w ro￿5 frKAbdl fxiliti • LYr•tinB A wotrtable strtEgy to txklc uKquity Thyove divu*ty the 8am¢ in W41w" • more sch￿11￿￿1 thildrcn playillg fwthall by typ¢ortd • more regi8t&ryl playLTS Qt clu￿. • more gti]s playirt8 more football • morete4Tn5 by typt and ay8W: . rctentiott ¢)f Tt8islersJ players: . mrtt 8rtifiGiaJ tyrfpitchcs btin8 dty¢l4T • more coll¢h￿ in Wdlcs at levd.. • m(w¥ ¢oa¢h(* progrus2n8 to the ￿t •ward" • iner¢￿¥ in trainin8 (VWTiunitia for coaches 8nd Volunt￿5. • inGrcaty in the r*x￿lIst of volunteas rdkinul in thc 8*n • mOTt talen￿4 playm prD8rasiD8 thr￿gh th¢ DevekTxnffit Pwthwly. Publ1¢ Benellt Th¥ FO￿dation land f￿Y￿tAY th¢Tn￿l}haS c{ryli￿ Ivith the1rd￿Y undtt 1715} of the Charitits Act 2011 to have due regllrd to Buidance ￿blIsh￿ by thecharity CA)rnmis5i¢M wbli¢ b¢n¢fiL Th¢ F￿jndltir￿ b¢li¢ves th&t communitie5 ben¢fii from p&rticipatin8 in foo¢ball Qnd (rther In wtigjlar 1¢ h&6 beth skn that F*nicipsnL8 dtrdop t¢4mworK ltsdo¥hip, 5clf.esteem. disthplinellnd irnFYov¢m¢nts in physi￿1 he4tth throu8h wti¢l￿Tirffi in f￿)fball t¢wn wrts. By followin8 the nhjtttives of th¢ Fwnd8tion and in p*rtiL*lar by to *ywble the devdqxn¢nL and improvement of f￿11111&$ in Wal¢x, t￿tball ar￿ will be frt¢ly aviil4W¢ th[wgh￿l w￿e8 ol'4bility, LY any disability. Thr FO￿d￿tiL￿,S is and diw with anplorn stsff councils at medinp. rn&tt likely to Affecr &nploye¢•' int43uts. Information of Tr￿ ofc(xKern lo ￿p10Ye￿ is givaj thnwh Inf￿1￿ I￿110]n8 •md rqxrn which gg¢k ty #Chi￿4 on the of all onployees of the fitwitid HrKI c¢onornic fact￿5 aff4x4ing the youp's pwforn1￿C¢. Applicati(ms forrmpIo￿¢nt by disfyblrd PeTXHt5 arc Blways ￿1]Y cortsiknj, be4hrin8 tn mind the •rAithdcs of the *rolieAnt ntxmed. In the ev¢n¢ of memkn of st&ff disabl•l evtry rffm 15 rnade to ensuve thai thqr ernployinLYJi within thc Foundation eMtinucs and thar thc ￿r(wIth tr8iniThB is arran8L¥J. It is th¢ wJlicy ofthe FOW)dati￿ the traininB. eff developmttrt ptomixirm of disablryl &$ ￿￿7b1¢. bc Idl￿11￿1 tD of dh47 emplvyeey. Aeblevements And perforniAnce s￿dY inLYC15¢ in number of re8istettd playq¥-97.430. The numb¢rs of fcmale Te8islemi playm has rh)w 11820 with IOJ87 16Y￿[S of a8& The numbers of m81e playm now r¢xhtyJ 84.610 with Sl.I¢K> bein8 und¢r 16 of ag& Be FotkbRiI SclKxTrls ProBramme- OV￿ 2(W fe￿￿]¢ pwils tskrng pwi tTh Huddle- 826 F4rticipants actfJSS ovq 60 <￿trc5 atkndan(%51 th'5ncy Playmaku8.662 pArti¢ll￿ts TA¥0￿ over40 (37(tr 4tkndaThce81 Footie Famili&s- 21x1 familiu ￿sa8¢d with multi.5kill phy*caJ litw wvgram Club devc1q￿ent- Phw 2 of Clwb pYta] hll¥ iwi de￿10F& to intrtyluc¢ Lqal & Govtrnarjce &rtd Mwrkrfing & Conllnuni(xtions Sup￿ WioT IVPOrtyniti￿ durin8lX)V11%19 CYMRU FIX)TBALL FOUNDATION LIMITED (FORMERLY FAW FCK)IBALL INTHE COMMUNrrY LIMrrED) TRUSTEFS. REPORT IINCLUDING DIREcfoR5' REPORD FOR THE PERIOD ENDED 30 JLNE 2•22 (CONTINUED) As4utht Tr4￿￿¢nda¢10￿9, bctwecn the l* FebnLary And l* 2022. the majority of FAW Trust dqknnthts (Busintss Devd(¢*n￿L C4wch Education. F(x)th411 Devdopm¢nL PCrffftM*￿ Analysi5 and Pltytr tkYel(ym￿t} tranrftThd w the FA W with staff uTrdertakin8 8 TUPE tranxf¢T prow lo beC￿e methbtrs of 4aff with the FAW. AJI funL%1￿$ and rryM)ns1l>ililics of thc5e dep8m￿t& now Bit FAW. STRATEGIC RKPORT Thc M￿1¢45 in¢lud¢ within this rqfft the m#t¢r¥ bedt8]t with ￿1n a stwc Ttwrt wifilxlty sct Lxjt ch matttts thrywgh to arhj inclusi%t of. DL%i6i￿ nb*i FIDindal revlew Th¢ Fijundaiirn PTtxkn¢ed • ¢L*AI deficit for th¢w¥)d of £159.659 (Yerttthl 31 m￿dI 2021". wrplusof £987,329), 8plit bdween lln ut￿S￿¢t￿ deficit of £407295 (2021.. wrphts of £859.629) 8rJda Tf5tr1ci￿ surplus of£247.63612021.' £127,7(4)}. The defithi totsl Tu¢fv¢8 in¢l￿￿tt& fixd asx%s to £2223.33312021.' incrt&9&1 tu £2J82,9921 of whi¢h £1,713 J32 {2021'. £2,130,627) i• unremthl 4nd £5￿.(￿1 Q021.. £252J651 is T¢8tiiao The cash and short4ryrn inV￿l[lbeTrts by £142,IIY) in lugdy &8 o r(eult of th¢rthion in kThlitLY5 of £761.625. Thi$ is pwtidty offset ty •n d¢er¢•* in dei*ws of £519.884. It IJ theryinion of th¢dir¢rton th￿ the thwld Iw)]d fJnan¢iAI rew¥¢5 in oth towo%vi¢ w(￿110Th agai1￿ it8 rinancia] risks ring the 15 m¢x)ths wthreview. Ihe following riskn wtte idth¢ifiwJ ay rta5fXLS frff th¢ Founth¢i¢)n kihold 4 A Si￿]rie￿nt reduction or10s5 in fundi . l)rlaya paymeThl of Amountsdue from m8iw fuDdm8 e*Lsin8 slwJrt.tenD fQU&tioMI tash Ilow difficultiu.. . The requirement to to meet fithre rtlliwi￿lg iti Tewi of ¢•Jryc5 End otherwntra¢l¢d a¢tivitiu wh¢r* delivery spans nx)T¢ ihth one accounlin8 pui(xL' ANI . Future inve5tmcnt in fixed 4s9¢ts and irnwovcmcnts ￿ its fa¢ili¢i The Tnjsttty considcr the Flxndation yhould aim to hold at le￿ I miniTnurn Icvd of fimds not tiHnrnitta ￿ investd in taTh8ibJe fix￿ so that theqJerati(X￿] wn¢rnctual 8L*ivitic• of th¢ Foundthon cojld tsx2tinu¢ in th¢ cvcnl of a Si8nifJ¢*tti T￿￿10n in fi￿dEn8 a]low time frrconsiderati(m of knv gjch reductirn in fwmling is addre￿ goin8 fonvar Taking inio aco)un¢ th¢ (4wise in th¢oW¥X* and futh8 of th¥F￿ndth. thc rtserveg p¥licy i8 WfT¢lltIy undcr8oin8 a review pr￿C￿ As the Foundation'$ ¥livilie5 and cost bw will k much reduc￿ th¢ will ￿nsIder current and fUts￿e fithan¢id forts¥ts and In of its cwrthi artd future risks and uncenaintits. Th¢ rL¢W pD11￿ will dctcrniine Wh￿ of the FcAu)d*ion will nrd the frrey¢¢&bleSJbJrt and make 8vJiINblc 5uTplus fuTwJs for use wihin then¢w ond ovt1￿ tim￿91& Prlndpal hndlng ￿Ur( The princip81 fijniling s)urce5 of the TThst thrtn8 fv 15 weze 8fAnts fr(xn th¢ Football A￿￿11¢1￿ of Wales LirnIt￿j IFAWI, Sprt Wa]¢$ {SWk UEFA and theFA La8ue. subtsitial fundin8 W8s gt*LYated thrwgh 5p)ns)rdJip and the delivwy Of((￿ thion wJn¢s. In the tt* ￿ti￿CJ￿i Lyjurse will Ik the FAW. CYMRU FCK)TBALL FOUNDATION LtMfrED (FORMERLY FAWF(N)TBALL ￿ THE COMMUNrrY LIMIIEDI TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORf) FOR THE PERIOD ENDED 30 JUNE 2022 {CONfINUED) STRATEGIC REPORT {CONtINUED) Inwutmeut polleyADd obje¢tiv The FowJd&ti￿ 18ke8 a low risk approxh to invatm¢rrt of gpfft clqh. whith is nmn&lly inY(stcd in fixtsl rate knnd5. I￿ring thc finat)ciai peri(M(5Pp￿ fun¢Js wue investeAI Én short4ryrn monvy dwxsits ai a fixal ratt Sinc¥ thr pwv)d )d, on¢e annu41 FA¥J8eL8 wryr ¢ffifirn)uL ¥Are Lxh h&* br￿ invr*d in a oumlwof prrx4ucing a fix¢4 r* of Teturn. Rlth The TTu&ffs hllvc aduty to idthtify arKI rev2ew the risks to whith the F￿J1￿¢1￿ is tsp)s>J to ¢￿￿Te apwcpri8te contrD15 arc in pl￿t ￿ Jxovid¢ ￿lS0￿ble a&qu[￿ 88$1￿ fThud andarry. The Bo8rd of Trusttts aye aw8Yt of wto1iiaJ ink¥nal and 4*¢ern￿ risks fac&J by the Found&tion. The OTBanisation &)thdu¢t$ a risk man￿eMen[ exercise anE)u811y 8ucctssfiJlly ts)mplthl all recommendation$ from 4¥wnlll audit rq>ort8. Th¢ Founkn de¥dq)tsl i Risk Man18￿C￿l Stra4y whith frK41itstes th¢ ¢ffa#iv¢ rtr*gnition and m•tw￿l of Thr Found&tiffi has a Fin￿ & Ria su￿rn￿l#¢e which h¥ th¢risk re8i*ttU • a4Dding il¢m on e8ch awd& Fvture developme*l• A5 Statcd in 1&8t year's T¢POT( the FAW recenity wnplthj a review, Sustainabl¢ A¥Ywi*lL￿ of the Futun This revrew ithcixFxnlryJ I￿)king at ajl of th¢ S¢rU¢￿ in Wdsh F￿xb￿I. A Try￿rt was we￿1¢￿ to th¢ FAW C¢Juncil and Shareholders with 80 Trxommendation$ withirt the rqhyt all ar¢x0v￿I. TheAeTe¢on￿Ctth11tiN have rt8ult&l Trn notally a chftTrBe of ntrhe forth¢ thwity but also a dwJ8e in ¢he obj￿%$ of the chRTity with a on Ihe prow*on of 8r48W>)ts facili¢ie& The artrvitits of the F(XLtth'(KL bring 5upponed by its princi￿1 fijttdtt. Ihc Fr*)tball A￿cIatiOn of (FAWI. A n¢w fvtylin8 l18rw￿É with the FAW h&$ bccn sigr which COVLYS th¢ pttiod ￿ to June 2025. with Ih¢&*knJ assurance of a funhty tsvo yc4rs of ￿￿tk)nal fimdin& The prlorltlu fortht Cymrn FootbAII Fou•d•tlM *Tt: li) To Improve ¢xp¢rlthreb e•vlronthe#ts ¢nthling paftiapiicffl 8owth and Tdenl1¢￿. Ib) To develop Qyallty fadlftlu that med ¢omJlluDIty Deedi ts¢klli8 iRequ•llde•. Icl Strrm8er ar￿ SwMainabl¢ communtty f•x4¥Md with more pl•yen Kgo&% all 4es and tArkyDund5. (d) Do¥bl￿8 th¢ tt¥rnbtr of vomeo Ind ￿TIl thTtwgh IThspirational Ind Fit-foT-Puw Faciliti TheTruat W&8 f0m￿d undw • Mo￿￿nd￿m of AS￿ri&l1[￿ whith ￿9b1]sh￿l the a￿1 PK)wery of th¢ ¢haritabl¢ C4)mpgny is govunol by ity kni¢1¢s of A&4xiahoTh Under tknc Arrido the manbry5 of th¢ Council of Mana8emtsit e TTUSt¢N within the definiiion Df scdivn 97 of the ￿aritits Att 1993 WMI shall bc r¢fttrtyJ to u Trus¢ceg in thege finan¢i418¢atema)ts. Tn￿tt sesvvB fOUTry￿ tcrni and may sta￿1 fw ￿d¢alon fr* a furth￿ two ¥urh so that 8 Tn￿￿¢m￿Y hold office muimw* of twdve yw. The who ￿ •Jao the ithrtttm of {￿n￿Y law. w¥Y wkn raved durin8 th¢mKI wwe.. Mr M C Cursth (Trai8n￿ 25 Noswnber2022) Miss K M Da￿e3 MrT Good￿ {￿918￿1￿j 25 November2￿22) MrT H Hartley ITC31￿￿ 25 Novc¥nber 2022} MT C D H8t¢hLY Iri¥igntyJ 16 D￿xInbtr 2022} Mr D H Jome5 (resi￿e4t ￿ Novembu 2022) Mr L James Mr P A Ix OBE lY¢signtyJ 25 November 2022) Proftsgor L J McAllitr (TES1￿￿ 25 Novwnbtr2022) M5 G Powell Mr C R WhI￿eY {rc¥iwJ 25 NOW￿]ber 2022) Mr l M Williams Mr W l. William5 MT K J O'Connor{grp)iftted26 A￿gUSt 2021. resi￿￿1 25 Novcrth¥ 2￿2) Mrs H Whitt lawintoj 25 Noyanbff 2￿22) Mr8 H K Bvcklq (aPEX)int&l 25 Novunbcr 2022) Mr R A Williams (apEM)iDkn125 NovtthFKr 2022) CYMRU F(xyfBALL FOUNDAT10N LIMTfEDIFORMERLY FAW F(N)TBALL IN THE COMMUNrrY LiMTfED} TRUSTEES. REPORT {INCLUDINC DIRECTORS, REPORT) FOR THE PEIUOD ENDED 30 JUYE 2022 {CONTINUEDI STRATECIC REPORT IcowfINuEDI R¢¢rultment and an￿￿trneD¢ of Trn#e¢• The Board of Tn￿lets G(rnW5¢s eight The Articlu of Aswotion allow forthe FLwtbAII A&v)ciation ofwales LiTllited I'FAW.) to nominat£ fw mtmbt¥& Th¢rfflJaining four ￿71 at th¢ ￿rOpriate junetLtYeb¢ indeP￿dent1yrCcTh1te Nthe of the Trust￿ Iw w E¢n¢ficia] tnierÈst irt theeowy. All ofth¢Trustces we Mcmbe￿ ofth¢c0ny￿Y and 8UarMt￿ lo contribJie £1 in th¢ cvcnt of a withlith8 11P. Induttlo• and ￿IllIng of Tru*¢￿ Tttave an lthdtsction HondE4y)k on thetr4w1nlrn￿t to the Board Thii ¢xplaI￿theIr1o1¢ and [¢￿¥)￿51b1l1l1e9 and exp#tiK und Jkills wuired th¢ TrusleernlL Th¢ Foundation is ¥Thtrolknl by theTTuJlcu IC4xllKiI of meel bth¥ten four to 51X tymes y¢4r. Sub C¢Jmmitt¢¢s with d¢le8atcd re$W￿y?1 jility overstt ctrtain of the CowKil of Mhn88em¢rbl'5 WOTk. Thc Bogrd of Tru*￿9 arcreswThible for the 5tsEtcg1¢diMti￿ of th¢ FwrthtiThJ aTrJ the 4pprovBI of the opwAtiot￿l plan, which is ¢liynd with the strateBy of the Fwibgjl of A$sttl￿1on of w￿¢5 {FAW. Th¢Tru*c¢ iThrd will n(thiAlly make decisiong Tet#tsD¥ to Stratcgy and ￿￿u￿¢¢ ￿lo￿li0n ITh th¢ of aEwval ofw. Thc Bogrd dele88t¢J 4Ythwity to the Flead 4>t'Opmtrons of the Foundation to cany out theyAti(*wl pl*n. Thc He4d of Optrxiions is suppcrtted by t CUT￿rate Servi¢¢• Manager who aff wnsidErrd ￿ be thr kty mAna8cmeni r*sonhd uf th¢ F￿JndatI0n. Previou$ly un(ler the delt881ion would h￿e beem ￿le(EX￿￿￿1V¢ wag suppThq lry th¢ F4egJtive Team. RemuDeratlo• pdl¢y for key p¢v*oullel The Trnstees rwisc thot the FOutthtm￿ will wt achicve its ambiti￿> ￿1$ unk¥8 it 18 ￿1b1¢ to attract and retsin kty managwneni p¢rsotmel gtaff who ha￿ thc exptricmK ￿th￿si￿n Dbility ￿ lead by ￿ampk ond to conrribute th the Foundation's continuin¥ Succe￿ Cwyffi¢]y, the ability ￿ off¢¥a WM￿￿11n8 t￿lu¢ staff is & ¢ritical succw fs¢tor. ITh common wlth oth¢r¢oMk￿l¢5 ID the charitabk scdLY, the Found￿1￿.$ valuc pr(w%iiim w s￿ff Include5 5urvoniv¢ tcamwork. personal d¢vel(went and $i8rtifi¢4nt jc& 5atisfactioD fm thc xti•J impad thm the ￿0￿d￿tiOn is h¢lpio8 t cncrare. Howevtr. rnunaJtiOll LS Akn imptsk fcf this el¢xKnt of the ovenil rewanl p￿k88< rw ￿lItY is to pay and benefits at Icycls that are £XXll￿lf1￿t for thc x¢t(rand which rw)8nise aTh I￿&1¥1th1￿,5 ¥h>lilic4 respon￿bilitI¢$ ond eX￿￿enC& In most in thcopinionijf the Tn4te4 this rtw]L8 tll Trmunaztion that is lower than the Fthplc con¢em>J would be able ID eRrn in thccoThiuthal Sethr. The rem￿￿*11￿ of key mana8antthi ￿￿s(M￿¢1 1$ ￿n￿L￿n3￿1 in Not¢ 10 ofth¢ finanthal statrnts. In the Frcviou5 15 m(mth Tr￿.5 hlgFKst ￿ld employ￿ the LThicf Exttutiv Ststrmeni of trtsittts. responjlbllili¢¥ Th¢ trustcu (who are a150 dir￿(￿ ofThe CYMN Frthl Fthumknon Limi*4 fty th¢ pJrp)•es of c4)mpkny14w) re5ponsibk for prtwing the Thistees. Athlu￿ Rewt the financial ih ￿ldIn¢¢ with appli¢4bl¢14w and reRul&tioii. ComtAny law MtUiTU thetrustets to fiTwKiai fin￿￿1&1 psiod. Undcr thDt18w thetru¥tcu hwe prcpartd finanriaj sthtcmcnLS in accord8nrc with United Kingdom Arcounting Stsndardi WTnprising FRS 102-Thc Financial Reporting StwNJard a￿1]le￿Ible in the IJK and Republic (Ff S￿1￿[￿", and 4)plicabl¢ INW {Un¥tcd Kin8dom G¢nffaJly Acceptul Accounting PTa¢tieel. Uthder cornFMny18w the tTrJstrs Jnust not 8fTffoveth¢ firhanoal Sta￿￿ents unlw thcy tisfiL¥i thfit they $iYe a true fairii¢w of thc sratr of the affBirs of th¢ charitsble ¢%xnpAny of thc ineomins rt%our(x8 and a￿li￿allOn of Tr501￿ irKludiTh8 th¢ inthmc and of thc Charitsble L¥mzF•ny puiod. In PTcpJring syit¥blexL¥M￿l1n% ￿11¢1¢8 *MI thrm apply them u)n5Is￿tty. themethojs and witicip1¢5 in Ihe Statanort of Recommu￿￿1 Am)U￿n8 and Rq￿rtIng by ChNTiti¢s (2019): mok¢ JUd￿nenL$ and tttimatrs that arc r￿￿able andwudcnl" $101¢ wh#hw applicable UK ALriMmtin8 oMprisuJ8 F￿% loi hweiw) followol ￿bi￿t 10 Imy ma¢c¥iai dtpthrts disclostd upjaind in tbe fmwKial Swern￿ts. 8Dd prtpJreth¢ financiaj $￿emaI￿ ￿ th¢ g￿8 L>xKem ￿1¢&8 li 15 inappwa¢¢ toprcswnc that the eharitablc ¢￿panY will ¢cffltintse iti F CITrIRU F(K)IBAtL FOUNDATION LIMITED (FORMERLY FAW FIJ)TBALL tN THE COMMiJNrrY LIMrrED) TRUSTEES, REPORT (INCLUDING DIRELTORS. REPORT) FOR THE PERIOD ENDED 30 JtINE 21122 (cO￿rINUED} S¢•t¢m¢ntof ￿llets, responsibilttits The thL3tX5 re5p)￿b]e forkegpin8 ruxyds are to show and CKpl&in the thgJit&ble ¢ompany'5 tran5aaiotLS 8Th1 disclos¢ with reag)nable *cwacy at any time the fLnaN¢ial K￿Yt1￿ of thc charitablc company at)d cnable to cnsurc that the fir*tttiAt Sta￿thts comply *ith thec1w￿l¢S Art 2(NJfj. They are a150 rtsy)n&ble f aafrgu8TdTng the of the chwithble ttW•Dy fLY tsking rt&wnabfesw fDr th¢pTrvffltion and detwtion of fratsd and other irr¢gularities. The ttwstees arerewnsLl>lefor theM&tnt￿2￿tt and inwityof thetharitable eomt*ny'$ websi￿. Legislthon in thc United Kingdom govryning the preparation aThJ dis8antuatiffi of fJnJn¢i81 diffe* 1¢8isJ4ti0n in othcr tn accordhn¢¢ wilh Scrtion 41& dire¢wr¥' r¢prrrs *wll in¢hHka *alanenL tn the of dire¢￿￿ in offict at the dth the directors, rcport is Arwjved th&t.' (a) w far￿ thc is awx4 thtze 18 norel¢vthi *￿it infornjthi of whith thc wmpany's audhorn are unawar% Ib) he h&8 tak￿ fill th¢ ￿ep5 th8t hr *t kn have tsken &9 8 in LYdtT to rnake himsdf aware of any ￿l¢v&nI wdlt Inforrnation and to eslablish the ctxnpw's auditffl ate 4ww¢ orth& infonn￿lO￿. Mi55 K M Davie8 CYMRU F(X)TBALL FOUNDATION LIMIIEDIFORMERLY FAW FCM)IBALL tN THE COMMUNfrY LIMITED) INDEPENDENT AUDITORtS REPORT TO THE MEMBERS OF FAW FOOTBALL IN TIIE COMMUNrrY LIMITED Report on the audlt of the financial ststements Oplnfion In opiniotL Cymru F(N)tball FLwJndEtion Limitsj {fwm¢rly FAW Fty)tbJJl in thc Communtty L2mit¢d)'$ fiDan¢ial statrments lthc-fLnaThciai statements").. give atruc and fair view of th¢ y¥e of the ¢h2ritablc c4ympgny's affairs t8 * 30 2022 and of its inLThnin8 r￿ure# &nJli¢atiffi of reSOUTce4 Inc1￿11n& its in¢(Kn¢ *d and c8sh tlows forthe 15.month th have bLYn F￿r￿[Y in •LwrdwKe with Unit•J Kin8thn G¢*¢Trl]y Accountin8 Practice{Unit¢xl Kingth*m AcGounting Stllndard& in¢ludin8 FRS 102-7￿ FIr￿nCial Re[￿1￿8 StywJaTd appli￿￿ in the IIK ark4 R¢public of ITeiand-. 8nd appli¢oble law.. and We audited the fin￿Cial 5ts*m¢Ms in¢JwJtyJ within the Amvmj w*J Firwidal St*ah￿ts lthe"Annual R¢￿t-1. which compris¢'. the bthncc 5he¢t a5 at 30 June 2022.. the u¢ru¢nl orritLwKial activities (ir￿Me exFthiiThir¢), Ind the cash tIow AAtttht#i for thc l&month and the notrs to th¢ fuJaniia] ststLIn￿t￿ which inclth adttcription of ¥i8ttificont Ecc(oJntin8 ￿)ll¢be& Blils for oplnlo• We conducioj our In r*¢ordBnce wilh In1¢rn￿I￿ Sthjvds ott Auditin8 (UK) flSAs (UK).) and applicable knw. r re4Kmsibililirs undu ISAS (UK) are fijrthtr des¢tiW in thc A￿lItOrS resp)nsibiliii¢s forth¢ wdit of the financial srat￿¢1)IS I¥Ylion of our rqx)rL We believe th¢4￿11¢¢V1d￿eK wehave (thined is wffiGi¢nt and apFnwalc lo proiryde 818 fry our opit)iM. We rematned of thethwitsblc in ￿With ts rthiral ryirarwts •r¢ ffI¢V￿ ¢0 our audit ofthe fLnan¥i#l thi¢m¢n¢s in the UK. which inclwles the FRC'5 Ethical St&th and w¢h•v¢ fvjfil1￿ QUT rthical rewnsibilities tth ￿th thtx TrquE[ryn￿ CoDclusion4 relgtin% to %oln% tonctr B48cd on the wcrfk we haver*rfcffm*l. weh￿￿ not idcthificd ￿t}￿ter1￿ unt#¢aiTrtiu te14ting toevemts or conditioffts that. individually or collectivety, miy wt Si8nifirani doubt on the charithble company'5 ability lo conlinuc 80in8 concern for prriod ofat le4¥t twelvc month8 fr(￿ th¢ d•* ￿ which the financia] authorisa for In *uditin8 the financial statr4nent& we havc Lwludc41 thc tr￿$￿￿. w¢ of th¢ going concern b&si$of 0￿rtIn8 in the prwtioTh of the financiAi stalonettts is upwtyria However, b)￿USt fvtulEv/￿I9 w cththtiw•uA b¢wedithl thii c•)nclusirxtr is not a to the ¢hwitfjble X￿panY'S abtlity to ¢orilinK a5 a wncem. Ourr¢grA)n8ibilitia and the re5wmsibiliti¢¥ i)f thr rcya togoin8C￿ctrn *r dwiird in thc r¢kYant SC4Xions of thi8 Reportlng otheT InfoTmitloD The othtt infixmation 011 of th¢ infornJ*th tn the ArtnuHI RqM)rt th than the finan¢i8] ¥r)d our audiiors. rewn theffth. The trustres arc responsible forth¢ ￿h¢T information. Ckn(yinion the fJthaThGia] 51atvnents d¢Jcs no¢ covu the itLfonnation wd, acwrthngty, we th) awlil Opini￿ or. ex• to the ex￿1 (rth¥wise explicitly stthi irt thi$ any fonn of a￿uranCe there¥Jn. Ift tr)mI￿410n with our &udil of ihe finanLial twr¢8wI)ility is to Te*1 the othry infornwtim a[￿. in doing so. CQllSTd¢r whdh¢r thcothiy inforniation is matCTiaJly inc¢xLqi*rnt with the finaThcia] swtrnts or ourkn(Trwlul8e in th¢audi¢ (rothawisc to berna￿￿11Y Inis￿mI￿. If ￿ idojtify gn 8rvAr*rt matttial inwisi5t¢n¢y ormateriaj mtsstatement, we Bre rrquir•] to Ferfffln to mi¢lude whah¢rthue 18 a mattrial mis3¢at¢m¢nt of thcfinathciaj statanents OT &matcriHi mi&mtCrn￿f of the ts infomththj. If. E45uJ on thc work wchave ptsfonned. we that th¥¢ 1$ a motcrial m155tatcrn￿l of ihis othtt it)fwnJzti4XL w¢ are rcquirnj to Tt￿￿ th&( faLt W¢ h?ve nothing to b&*1 on thtse reBrym$iknilili With rLEP¢4t to the STrdWiC Re￿¢ TnLts' R4Krt w¢aJ501xwidued whdher the iti*tlos]rrs rE4uired by the UK CompatLiCS Act 2{x￿ aThJ Charities Act 2011 hav¢Trr¢n inclu& 10 CYMRU F(M)TBALL FOUNDATION LIMITED (FORMERLY FAW FIYJTBALL ￿ THE COMMUNITY LIMrrED) INDEPFNDENT AUDITOR'S REPORT ICONTif4UED) TO THE hlEMBERS OF FAW FoiyfBALI, IN THE COmhfUm￿ Lllm￿ED Reporhng on othtr Infthrm*tioD Icontinutd) B88d ￿ ourwork undcrtakth in thci7Mrseof the theCthnF￿i￿ kn 2[￿ rcwirtj usaknto rqKrt certaiTh ryiniMs and mattes Ls below. In OUTopiniffl. b&%ed on the wort u1bjefi￿¢n in the C￿lse of the *Mlit the inffmnltion given kn the Trustee5' Report forthe fin4nciEI ycar for which the finat)tiaJ stst¢mcnts arc prepared is consi*eni with the rtnancial Statejnen￿ and thc I"n]slccs' Rwrt has betn prep￿e1 in pActrdaDce wtth a￿lI￿k Icgal rt¥uirtmaJ In athJitioTh. iTh IL8hi of thekrtow]al8e utxknthThling of the L*Jaritable its ffivirnn￿t obtaind in the COUT8e of the audtl we fEqUiTryI to T￿￿ if we havc ldrntifi￿ any ma￿18] in tk Trugce5' RcporL We hav¢ nothin8 to thi$ I¢%￿L Rwiollslb115tlu for tht fl•And*l %txttm¢ttts *tyd the •ud AJ ￿p141n￿l mor¢ fijlly in thc Sthiement of I￿￿tee5. reswisDL iliiim srf outon page 9. the trusttts (who are 8kn th¢ direciots of the ¢h4Tit&bl¢ cl￿p9nY for the of c(xt)rthy law) 4TeTGSponyible ts the ]xqxrAtion of the fitwi¢iAI btslemenis itt *¢otdthrt with the applicable framew￿ wjd for bang Mi5ficd that thq Bivea trueand fair view. The mwtees Bre re4x)nsilAe for such iniernaj c(mtrol A8 they d#¢M)I￿ 15 n¢rw to the Pn¥mil(￿ of ritW￿￿1 In prep￿Tr8 the firmncial #ateMen￿ Ib¢ IN$1￿ aY¢ n$]￿&ble ftr &8%￿1n8 the charitsbl¢ comp8ny'$ obilily lo roniiriu¢ &8 o Boing Llm￿ln, disc105ing as 8pplIcab￿ mitttss rd&ttAI to goin8 con(Yrn and the ¢MCryD b&si8 of •¢¢Qlllltin8 unk¥s the ttuste¢s either in￿d to liquida* th¢dwit•blcLYJnyny or w ceueopttaLion$ ot have rto Trniis¢i¢ t¢¢rnatlv¥ IKJI to do ￿. (￿rOb)￿1Ve$ ore 10 olknirt Tf¥sOn4bk4*￿T￿ abJul whethtr the finanLial slalan￿ts whole from misslalemenL wh¢ih¢r to frwd or CTror. lo issu¢ an a￿lIorS. thDt includc5 our cyininn. ReLwnablc ￿￿T*n¢t 18 1 high levd of assuranc4 but 18 rmx & 8uaywtee that An thdit in aceithc£ with ISA5 ItIK) will alway$ d4* Ina￿1￿1 misst4¢mthi wh¢* it ￿181￿ MisSta¢anfflt8 ￿ arise fTr*n fr&ud dttd Are Mnsidcrtd material if. individually in the I8￿88t¢, they ￿jk1 re•%)nobly b¢ ¢xpethJ to ittflu¢n¢eth¢&0nr￿iC kn$ion$ of tyk￿ on th¢ ba&is of tIK5r financial staiunen¢& IrrcgulATithes, in¢ludin8 8re inskncu of ￿￿￿(￿lIanC¢￿ith I￿ and rt8ulaliofi￿ Wc de￿￿￿ PDLthLT•S in lin¢ with our reSpN￿bIliti* wt11n￿ Abw w d#t&# M￿￿1￿1 mil￿¢1￿￿ents in ofiTr¢suliritic4 inc]udin8 frllud. Thc cxtent to which ourpr(*edm arc ￿pAble of d#ectin8 irre8ulariti4 in¢luding fTw4 ii drAailcd betow. B￿d on our undertsding of the (tharitlblc canpuLylifykntry. wt ikntifred that the wincip4J risks of rKm-fAThnpliance with IAWS sDd ￿gUInt1¢￿S TclfAd to he81th artd safdy, crnpk)ymrnL and charity relatoj Icgislation, and w¢¢ortsid¢r¢d th¢ ¢xt¢ni to which non.L¥Jmpli8nce might hav¢ & malcrial cfftct on thc financial We dso LXKLq1d￿¢d those la￿ and re8ulbtith)s tha¢ have adiTu# im￿1 on the finan￿￿ As th¢cl￿[￿nic¥ Acr 2(￿. Wccvaluat•J manogement's irtttlllivc5 4nd (1￿mIni11eS for fr4udukni manipul*ion of the firbonaal {ithclyding risk of Overrideorc￿tMl¥l, and detkymirtul that the winciFd risks w¢reTdat&l to frtyiulwt In￿￿10n5 to ovcrjrate the finaft¢ia] perforniance pmitirffl of theC(Anp￿y. Awjit pr¢¢athlluFofon￿ Includ￿.. Revi¢win8 Bo4nJ minut&4 and knlithn8di￿$Sl￿￿ with m&n88qn¢*L Ind￿liD$ ¢Lmsidernk)n of known or su4￿¢￿1 in¥tsnttJ of nofKtwlillnce with l•ws Te8ulati￿5 and fTrud: Using o)n]FWtLTb&qol audit I￿￿ni4￿￿8 idthtify hTghwTi8k rnattwl J￿J￿￿1￿ in thoge ¢ort$iderni to have Un￿￿1 combina¢iLW: Obtwning third pwty confJTmati(KJ5 of all th¢ eomrthry's b￿*1￿8 •rtd financin8 arngem¢nis. Thar att inh¢r¢nt Irmitaiims in the a￿lit dLXTibgJ We arc I￿ likely 10 be¢*xne 8wAre of instsTJce3 of noTrcomplionce with laws and Y¢8ul•ions that arc related to eV£￿ts St￿ trBnwti{￿j rcfk￿cd in financial ststan*)ts. Al80. the risk of not drtediD8 a rn￿eri￿ misstslm￿tth* ￿ fr•wl 1$ highcr than thcrisk of IMX det&*tng one r¢wJting from crn>r, 85 fraud may involve ddiber* e(Kh¢￿￿tby, f￿exampl4 forgtty misrepresentations or throu8h collusiuL A futth¢r description of ourrtspmtsibilitics fry the wjditofthe financial #attments is I￿￿￿ on the FRC'S websh¢ at.. www.frLor&Ukla￿IIOTsreSpO11SJ￿1liti¢s. This d¢sfflOioD frn of oUr&￿i￿rn. r¢potL **CYMRU FOOTBALL FOUNDATION LIMITED (FORMERLY FAW FOOTBALL IN THE COMMUNITY LIMITED)** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF FAW FOOTBALL IN THE COMMUNITY LIMITED** _Use o_f this report_ **This report, including the opinions, has been prepared for and only for the charity's members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and for no other purpose. We do not, in giving these opinions, accept or assume responsibility for any other purpose or to any other person to whom this report is shown or into whose hands it may come save where expressly agreed by our prior consent in writing.** ## **Other required reporting** **Companies Act 2006 exception reporting** **Under the Companies Act 2006 we are required to report to you if, in our opinion:** - **we have not received all the information and explanations we require for our audit; or** - **adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or** - **certain disclosures of trustees' remuneration specified by law are not made; or** - **the financial statements are not in agreement with the accounting records and returns.** **We have no exceptions to report arising from this responsibility.** **Entitlement to exemptions** **Under the Companies Act 2006 we are required to report to you if, in our opinion, the Trustees were not entitled to: prepare financial statements in accordance with the small companies' regime; and take advantage of the small company's exemption from preparing a Strategic Report. We have no exceptions to report arising from this responsibility.** **Jason Clarke (Senior Statutory Auditor) for and on behalf of PricewaterhouseCoopers LLP Chartered Accountants and Statutory Auditors Cardiff** **29 March 2023** **12** CYMRU F(xJfBALL FOUNDATION LtMllED (FORMERLY FAW F(X)TBALL IN IHE COMMUNITY LIMITED) STATEMENT OF FINANCIAL A￿1VITIEs (INCOME AND EXPENDITURE) FOR THE PERIOD EYDED 30 JUNE 2022 Unrtxrfrted F4*ds Rutrkttd Perlod EDded Ye*r Emde 311 JuDt 2022 31 Martb 2Qll Imtonw from: Donatiths L¢%￿1 aritable CoachLn8, Educatton & Trnini (knertradin8 Attivits Inler¢st ff¢¢ivabl¢ 1,551.889 2.035.LXKI 3.586.889 1975561 1,913J85 424.980 11367 1.913 J85 424.980 12 J67 783.117 224.727 9.298 Totsi imcome 21 937 Exp*dltyre on: Funds 39J81 39J81 41,850 Coaching. EduL•tiu) & TAinin% Gr8¥srwts PlayLY Access & Inclwion Play¢r D¢vdaprnMi 2j￿,048 741.879 1,168.fA)7 288.662 1.064.953 433.750 2.648.710 1,806.832 l.fA)2.357 1,411.925 831,464 720,135 Tol*l th*y￿b￿ expeDdltsvt 34 1.787 365 6.057.8 Total eApMded 4J09915 74 Net Idefi¢itywJrplu8 for 1407.294) 247,635 {159.659) 987.329 ind Bolantts brou8h¢ forwwd 1130,627 251365 2J82,992 l J95.663 Fund B*l4Ncu t•rrled fornrd 2323J33 Th¢ 8¢atanMt of fmftn¢ial athivitiea includ¢$4118•in8 aThJ loswi in theptrt¢xl. All incom¢ Ind exFaiOwedvi￿ ¢￿ti￿ving x%iTthir& Th¢ of finan¢4al activities alx* ¢xrylio¥ with the m4uim¢n¢J firan irKLYne a¢4xwnt undLY the Conpani¢s A¢t 2(KO. 13 CYMRU FIY)TBALL FOUNDATION IJMITED (FORMERLY FAW FOOTBALL IN THE COMMUNrrY LIMITED) BALANCE SItEET AS AT 30 JUNE 2021 30 J••e 2022 31 M•reh 2021 Fixed al￿ts Tangible &￿ets Investtnw in subsidi•ri 21.807 36.103 12 21W 3&AIJ4 Curreot •Mets SiiKk8 LkbtrJr% Cth atbank and In hwd Invcstments 14 15 4573 359.788 J.251.977 3.￿0 879,672 3,033,537 360.549 4277th78 3016J31 c￿111￿.. arnounts fallirw thewithi on¢ y￿r 16 (1.414.813) (1,930,PX)I N¢t CuTrfflt as8¢ts 2201.525 2J46388 Total •uets lem eurreut IIAbllltl¢• IDcom¢ Funth R&8tMeied fuN15 Unrthctthl fimds Totsl Ch•rlty fv•di 18 19 252,365 2 130627 1723 333 Mi$8 K M D8vies Tru5tcc cl￿p￿)Y Rry19t￿lI￿ No. 03202751 14 CYMRU FLKITBALL FOUNDATION LIMrrEDIFORMERLY FAW FWIBALL ￿ THE commu￿ LIMITED) STATEMENT OF CASH FLOWS Fok TFIF PERIOD Ef4DED JO JUNE 2022 Perlod o#dtd 30 JuDt 2022 Year endtd 31 MArch 2021 Nott {154.476) 1.076J34 IDvertlkng a¢tlvl¢l¢s Rjrchw ot'¢angibk ￿ed uxts Purch49¢ of invutmcn Sale of invL8Im￿ts Intt¥e4t T¢￿1v (19.963} 36lJJ49 12.367 Net caih ￿er•t￿ frothV(M#d lth) lllveitlni •ttl 371916 (17.231> 2J4440 1,•59J Cash and •wivaJ¢nts at beginning tsf 3.033J37 1.974214 Cuh and ush if the ood •f the perffiod 3JS1977 3,033JJ7 RelA*lni ts". Bonk b&lan¢t Sbthrt le￿ dry￿7￿ 2.475.701 77 2,775,9( 257 628 15 CYMRU F(K)TBALL FIXJNDATJON LIMITEDIFORMERLY FAW F(MyfBALL IN THE COMMUNITY UMITED) NOTES TO THE FINANCIAL sfATEMENTS FOR TFIW. PERJOD EiYDED 30 JUNE 2022 Ateountittg rM)liei¢¥ Trust information Cytnru Foothwjl FoLmdatirn Limi*d FAW F(MHlwll In The Cixmnunity Limtted) 1$ a wivate compry limitcd by 8uarantc¢ in(x¥Fxrat¢d in En818TrJ and Wa]es. TherylSt￿￿l office is tkn8on Natiot￿l F(x)ths]l D¢vdo1￿t Centr N¢wy(¥t Interr￿1￿￿1 Stth8 vil]$￿ N¢wrt NP194￿ Untt&4 Kinsth 1.1 Arfounting conveAtIo Thfac finon¢ial stsiemertts hav¢ b¢M pftparrd in xcordancc wth FRS 102 Tr FInanci￿ Re￿￿rtIng St8TrJaTd applicablc in the UK and Republic of Ireland" ITRS 102Tr-Accounrring and ReprKting by Charities" thc Staremcni of Rttmimthded Prothice for th8ritie4 aptAyin8 FRS 102. th¢ CiYnpJnt¢¥ 2[￿ atwj UK Genernily Atc4trl ALrwLting Practice as it lics from l January 2019. Thc TnL4 is a Public Bcnthi Eniity &8 defir￿1 by FRS 102. Thc fina￿la] ststtmMts4T¢ in stalinB. whith i• th¢ fimaiobml pJrr¢•cy 0ftheTh￿l Monw 8mounty in th¢8¢ financial sratememts alemun￿] tv th¢ ncartJr L Thc fin￿¢¢&1 s¢aian¢nts h•v¢ bEm un&Y th¢hithficAI ox¢ convajrirn. The wincipl *¢¥￿11￿8 p)li¢ie8 Athpied 8re srt ou¢ bdow. 1.2 GolTh8 ConeeTn As mcolioncd in th¢Tnw*M Anrmthl Rqxirt, the xtivilies of th¢ tt¢w F*)wMknon are￿In8 sur4ffits1 by prmO￿l fimder, the F￿￿tbAll A￿KIllI10n of Wal¢Y IFAWI. A fiJndinB 08reemeni with the FAW been signed whith th¥ wiod up to June 2025. with the 4¥SUTance of a ffiJrthLY two yem of OTmtirffjal fimdiTrg. (kn thiy ba*4 th¢ Trusteu are ¢ontffit that th¥ new Foundation h&9 adqu*¢ r¢swr¢u with which to ¢￿tim￿ it$ operntional rxiFAmcc forth¢ for￿¢¢•ble IJ Chlrlimble htydi unrestria￿ fund¥ 4vDilablc fw use at the dikYdi￿ of th¢Trt￿r￿ in furth&￿tt of their L4J8ritsble objettiv¢8 unl the funds hw¢ de8ign*td for otherFAffjJos Restricbl fvnd$ ate to speeifie ¢ondition8 by as to bow tlw mty ThepwFMXU and uses of th¢ ¥trictd aT¢ S# Wt in I￿n(￿￿ kn the financial sts*meJt& IA Itt¢•mlD8 rHoiirt Income És rttY)Kni*)1 whrn the Trust 15 leglllly entitltsl to i18ftwany haNtbt¢n th¢ Mnoun i bc re12ably, It￿ it 18 w*able that Incl￿ will bc rweive41 C￿h th>na¢ims are recoyb15￿ on recetm. Oth¢T dththti¢Ms Arereco8ni8al onte th¢Tn￿¢ ￿t]fi￿ of the donation. unlr48 pthtn¢ccondition8 r4uiredefrnl of the Thwni. Incune lax rtwv¢rnbl¢ in relation to doThalions ruwv¢xJ Gift Aid orderAls of covenani is thclimr of thed￿at1[AL On ￿tIpt. d(n&t¥J facÉlitie4 are rwnixd on th¢b&*k40f th¢valu¢ of the gift ￿ the Tnw which 1$ thr arnouTht the TTU8t would haY¢iwi willing to ply to obthin 8ervi¢È% and f¥ciliti¢s of quivak¥LI btmefit (m th¢ rnark& a rrtxponding arnaunt is thcn yea￿niS￿ in exp￿di￿re in th¢ of Tfxapt. InG(m* from govartrnent and othergrant& whohff 'wiraf gran￿ is rtt4)BniFthf whffl the TTus¢ has entitleme io th¢fundg Jny p￿f(￿¢¢ ¢mdition5 the w have be￿ m¢L li i$]￿￿ble thHt thc incomc will E* tweiv&4 and th¢ #moynt be me45ural reliabty WAI is M d¢f¢nr 1.5 expende41 Expthditure is r¢cognisd once thett is 8 legal ryermstnwivt(*lig•tiLm to makea plym￿1 io a thitd m. it is probable thbt settk[[L￿t will ￿ wircd. llnd the arno￿t rftheobli8ation ron bc m￿SUm1 reliably. SupwrtcoAs futX*ions wist the wThk oftheTnLst Ixrt undert&e th￿l&ble &ctivities. The costs have ￿ dlocAted ￿p￿dI￿re￿ chsrirable actiTritie& Thc which costs have beth s]loc&ttsl are set out in ftc4¢ 7. 16 CYMRU FOOTBALL FOLINDATION LIMrrED (FORMERLY FAW F(X)TBAIL IN THE COMMUNITY LIMITED) NOTLS TO THE FINANCIAL STATEMENfs (C•*litiw¢d) FOR THE PERIOD END£D 311 JUNE X122 1.6 T•rtzlble flx¢d awtts TanwTr*le fixed assets are initi81ty HtLr•t and *t#)tly coyt ¢x valuatiry neE of d￿lation and any itnpairnl￿t Ilws. th¢following b￿¢8.. Fixtitt¢8 thdfittin85 M(rtorv¢hi¢l The gain or1088 ari$irt8 on th¢di$pwl of wl as* is d&entJitie4 Is thcdiffcrcrtt bdwetn the FWD¢rd5 gEMI th¢ Lwing value of the A&&Ct 1$ Tev)8ni8ed in nL* in￿￿<<%PNVJIti￿c} forthe￿id. 1.7 Flxtd imet A subsidiary is An entity corttro]W by the ThIyL C(mtrol 18 the the finaTh¢ig1 •d OF￿1￿$ ￿11¢1¢# ofthe tity sj al bt*¢fits fnln its •(aivilie 1.8 Imp•lrw¢•t of Illed At tach rwrtin8 dat4 th¢ Tnur TCTrlVWS the catryUk8 arno￿ty0r ils tangbl Ic intsn8iTrJk ¢0 dthnine whether thwc 15 Bny Indic*ion that those have gJffer*A 8n impjim)th¢ lox If any such indi￿(1￿ ts nol exced the(*Tryih8 amLwnt that would have been d￿e￿nined no impBinnrni Iiw rwnixd f(w the •ssrf in PTilYyC￿ A revtt￿ of impairnjwl loss Is T￿o￿nI¥¢d immtyJi8i¢ly* the rekvant anhwni in *hiL* th¢ of the inJpdiThneni Iwg is tr¢&tal a$ 4 rEVHlUa¢i(￿ incru 1.9 St•¢k¥ StoL*s are slatcd at the lower of ¢yttmatwJ ydlingryic¢ I￿ ¢0#5 and gejl. Cost ¢ryiS¢8 dire¢t rnat¢rials an4 when appli￿bla djTrd18bwr thoseovtttJe*ts that have iwi in¢urt&l in brin8in8 th¢ S￿¢*8 to theirpresent locAtirn and ¢ondil¥)n. It¢m$ held fordT5tribJtim at wnominal wnsiduation I￿¢ me4wn¥J at wst. Nct rcalÈsable value is thetstimatal %llin8 wice less all e&Lin￿￿ o)Sts of LXMnpkti￿ ￿ cfAty in¢7]￿￿ aTketin& seJlin8 Bnd disrribtstsorn 1.10 Th¥h eq•lvsltn Ca8h xnd cash quivaien¢8 incluth ¢0gh in iJriThiL8 held at ￿lI wtth Irth￿ short-lcmi liqllid inveknts with origitLai maiuriti¢y of tllrec mrnths or Itss a￿1 overdrafis. Bank ovudrAfts are shtswn withiD IMKrowings iti curjut liabiliti￿. 1.11 Cxrrtnt A¥set iDve¥¢mats The Trust clwfies short tffm dEwsits of 3 M(￿h8 and l yc8r&f Cumt inve¥ttnots and includu such 8t the valuc when the d￿￿t was rnado At t1leba1ar￿ shett d*4 th¢ aYg¥ge malurity of the knits 6 TrKmth& 17 CYMRU F(xyfBALL FOUNDATION LIMITED IFORMERLY FAW F(KYfBALL ￿ THE CINMUNITY LIMrrED) NOTES TO THE FINANCIAL STATEMENtS (CoDtiDVtd) FOR THE PERIOD ENDED 30 JUP*E 2022 l. polldts (Ct)J)dnlled 1.12 FID*nd41 ThcTrust h&8 ek(led to apply the provisi(￿ of Sertion I I 'B&si¢ InStn￿ents. wd Section ]2'(￿er Financial Instruments I￿￿¢￿. of FRS 102 w ail of its financial instrnmet)t& of the instrum￿1. FiTran¢ial as8ets ond li8￿1]￿￿ Dre offK wtlh the net arrKwjntsryt￿￿￿ in th¢ financial #atcmcnty Wh￿ thete 1$ 8 legally foTce4ble right to sd off the Twniwj Om￿￿ there is ao to Srtrle on a nd b#8i8 or tts rc&li% the as5￿ and ttle the liability simulta1￿$by. B•¥l¢ flnandAI Basic financial &8W. which include ddkn grMI ¢&th •nd bnnk b￿aT￿tt. w¢ initially at tranB*ction ryice in¢ludin8 ¢osts and are subs4utht]y at amortistsl co* using thc dTectivc intargl Unl￿ the Trangemwi ¢onsiitutu •fi0￿Cing tr￿￿*￿, whtr¢ the rn¢a5ured Dt th¢presemi v8iu¢ of th¢ fururc rettipts d18count￿ ai a marka Tat¢ of inttrest. Fin8nthAI asyrfs cl&ssifiol &8 recei￿1¢ within (me year fv)t 4Th)rtiscd. Ilmintlal Ilablllile• Bosic fin8nciAI liabilili¢5. Incl￿bAB (xditoffs Ixnk loAn• ve initially Ttsy)8ni•>l ￿ trnnsactifm wi¢¢ unlo¥J the arTan8imts)I cM¥ti¢ut¢J a financin8 IfltLWliim, whur thcthbi inmmull is at the pYr•eM v41u¢of the future T¢ceipts di8couni¢4 u 8 mwket of iniue*. Finattciil liabrlitiuclwifityj pryablc wtthin Meyear wre not amort]x￿. Debt instrumenls •r¢ 5ubwty At usin8 the eff￿1￿¢ intcrcst r*mahixl. cr¢di¢m arc Il)ligations lu puy 8oods or scryict4 hxvr aquir&l in the ordit1￿ of wations from 8upplim. Amoynls arc C1￿81fied ￿ turrgjt lith"litie5 if pwnalt is due within oneyw or l¢ss. If nol they are [Ke8￿1￿1 ay liabiliti&4. Tr*k ¢rulitOTS arc rwis&l initi41ty * tr4ns&cThcrft price w)d 9ullwu￿tjY measuM4 at am¢Jrtis¢d ¢os¢ usin8 th¢ ¢ffx¢i¥e in*rt* DeT¢t•inltlon of ljll*#¢knl lknbllid FinanGiaJ liabilities ar¢ dffwni5ed when the Tnw's obligati￿$ expitt oraTr d￿cl￿8ed or cwdl 1.13 Employee benefits Th¢¢ostof unus￿1 huliday is rxoRntse4J it) th¢kKy1￿ iti which the employe¢'$ %rvice5 UC Tecciv ¢mploym¢D¢ orto wovidei¢nnirw1￿ be￿efi 1.14 Rdlremeni b•tsrflts Payments to dcfinrd Mirtyn¢nt schemes as an expu￿e as th¢y fall th J.15 lux1 Retst￿8 pxy8hl¢wLts qJw&ting k•o¢s, irKhMlin8 any le&* rrcrnL to inmm¢on a strai8ht.Itthe basis over th¢ tcrn of the rekvant I 1.16 Con*lW*tloD The TTU5t is not C￿4)11d1t￿ fJn3ncial *a￿C￿ts th¢ trading >￿b￿dISry PArt Y Ddraig Limtl being it))m•t¢ri)l to the charity'5 fitwicihi ststement& 18 CYMRU FOOTBALL FOLfNDATtON tIM11ED {FORMERLY FAW FCM)TBALL JN THE CX)MMUNITY LIMITED) NOTES TO THF FINANCIAL STATEMENfS (Contlmvl) FOR THE PERIOD ENDKD JO JUNE 21122 CrltkAI At¢olllltlN¥estlmatts J¥dgmtttts In the application of the Tn]st'$ xcounling policie& the weryuitd t0m&¢judgane￿15. e5tim&tes and a55umptions thc onyins 8mouE)t of arKt liabiliucs thai are not rtadity 4parni from (xher soure¢s. Th¢ im*$ &nd ASS￿101￿j wJThpiions are on hixwicaj eX[Ax￿L￿ and that arc crmsidtrnl to be J%l¢vanl. A¢tuAI results may diff< fivm th￿C c#imatts. Thc cstiJnBtu and w¢kn]yin8 #gAunOions we ffigoing Revisims to *(xxxmting &%timates ore rcwgni5cd in the ￿0d in whith theestimate is mistsl whue the revision atT&Yts wly that Foi04 (r in the ￿0d of the D•llatloni Iwd¢• Perlod ended 30 Yt4r emded 31 ￿21 M•rch 2•21 th)natiimJ and gifts Grani$ r¢ci - £80.(KKI £80,IXTrI - £W,(K)O £￿),￿1 -£iw,o £140.￿[ - £150,1 Remu*erntlon of key m•M8¢m¢ni peno**tl: The ranun¢xation ofkey mthaganeni P￿￿e7 18 a8 follm. P*rlod ended 30 Year ended 31 Jutst 202Z MArch 21121 115 rnoDthI) (12 month•) 570,344 428.726 No 8uararrtee5 hav¢ b¢tt) Biv¢n 1x￿¢¢IV0£ 21 c￿Ru F(X)TBALL FOUNDATION UMTfED (FORMERLY FAW F(KYTBALL IN 71￿ COMMUNITY LIMITED) NOTES TO THE FINANCIAL sfATENfENfs (Cwtlolled) FOR THE PERIOD ENDED Ji) JUNE 2022 Fixtsru •*d fl¢154p Motor VehW# TotAI C05t A5 8t I ApTiI 2021 Additions As at 30 Jut)¢2022 327,115 11,248 331363 327.115 11248 338,363 AC￿mUlat￿l D•i As At i April 2021 ChATge forth¢ A$ at 30 Jun¢2022 291.012 14 305.309 11.248 302,260 11248 316,557 Carrying value As it30 June 21122 21107 21W7 A¥ot31 m￿ch2o21 36.103 36.103 12. IDVUtmthts IN sub￿d￿rI¢S The Tnwt holds 1(MP/• vf th¢ votin8 ri8hL8 in its subsidiary COMp￿Y Part Y tkjraig IAmitrAI (c4)mpkny nuinber 08291896) whith is inL￿￿¥￿t¢d in th¢ Unit&l Kinglknn. for which thr folkn¥iTh8 LS spplithl Nrt •wts Ycor 31 March 2(122 1£25J611 £83 13. FlrAAoelal 3• Ji•e 2022 31 March 2021 Cwrying v4lue of financial Debt InsiwmL7LlS me8sur¢8 ￿ am(xtised Equity instrumen￿ me4surttl ￿ Mst less impiTnXYt 331240 604.704 C4rying amoum of financial liability Mcasured at WW¢i5rd 355 857 521.815 30JoDe 2022 31 Mareh 2021 Kit cquiprne 4573 3.920 13. De￿or* 311 JDDe 2122 31 M#r¢h 2021 Am(rtmt5 fallin8 in (￿¢ ycar. Amounts due ￿bsidi8ry 70,484 I50,￿6 110,749 297,492 84.632 221580 359,788 BPl6n 22 CYMRU F(X)TBALL FOUNDATION LIMllED (FORMERLY FAW F(xyfBALL IN I1￿ COMMUNrrY LJMITED) NOTES TO TFtE FINANCIAL %fATEMENTS (C••thll4d FOR THE PERIOD ENDED 30 JUNE 2022 l& CrtdltorL" f*UiDK du¢ o#t year 3t)JuTrt 21122 31 Mirch 2021 18.047 337.810 34282 354,2(N) 133.333 1.408.975 (khtt£ttdito ALYnthls defrnl incom¢ Amounts duc to subsidi 1.036.455 22501 IA14J13 I,93￿7 Deferred l•¢othe: 30 Jwmt 2•22 31 M*rth 2021 D¢f¢rroJ inc¥kntly thinistrmj fun Th¢ ¢htr8e to profi¢ w l(* in reBpxt of defirtd th￿trIb￿l￿ 8d*neJ w¥£162240 (Yeqrathj 31 Mtreh 2021." £123.728). 23 CYMRU FOOTBALL FOUNDATION LIMrrED (FORMERLY FAW F(M)TBALL IN THE IX)MMUNfTY LIMITED) NOTES TO THE FINANCIAL STATEMEN15 (C•nthiud FOR THE PERIOD ENDED 30 JUNE 2022 l& RI￿rkted Al J Aprfl 30Jllne 22 L4veJ P]ayin8 Fb¢ld 120.7631 185.785 lJJS,IxTh) (1.720.715) UEFA Mthl Hethb 43.817 (451171 FAW F•cilitic* Fw JrA)000 11.787J6S) P•trpthof R¢wlrt•d Fu*ds Th¢ Ixvel Playin6 Fi¢Jd IlJndtsr¥ay YOU￿ the fringcjof il difficulr lop￿Y foot￿1. The raiw>Ai¥m is d¢￿Ents1 10 finan¢*l bllrri￿ eK•w88tkn wilh di￿l￿1111￿￿d nKmbttsofthe BMEC4)mwALThity 10 pl*y rw1￿17 with the altn ofenHrini e¥uyy(Ym8pa￿n the saw￿¢￿￿1￿1. Sport Wales Proy•mm¢• Sft)rt Wa1¢5. bein8 a futsdThs8 FvbKroftht Tnrt fmdinz•d S￿11￿ fw)di)8 forthe tsli¥uy of nwnyof Ihc ThL￿%￿lIV1ti¢9 inthe 8rtuof thmknlity ¢q￿l11y. UF.FA MeDl*l I1￿1th 'lThi% CampD1￿. fimtsj via ULFK rthnl•dixiinwswion aPiDrtmAe with hrlth i5W¢5.The pro8rnmme tsAblcs Frfgpk with merrtal h￿[th ￿1Ve IFffDU8h th¢ wi of f￿thI1. AW F*tllltlei Fund The FAW have prowthl fiJwJin8 thh li fx11￿ry in WthL 19. Unrtrtrl¢tsd Thu¢ are umtstrici￿ fi￿% whidj m*rial to th Tvygt'84K%ivitieJ& are mgdr up a5 follow•'. •t l Aprll IDwMID8 Re•o*rc re••iiiw expended Ai at 30 Jujh 2022 27 621 4 309 915 l T23 332 20. AnAlyth Mlets txtwt¢n fvDdi Tg1*1 at 30JwK20Z2: T¥L8ibJ¢asxts 21,11)7 21107 1.701x25 2201 J23 t,7JJ33 1113J33 24 c￿Ru F(KyfBALL FOUNDATION LIMITED (FORMERLY FAW F(K)TBALL IN THE C(MMiJNITY LIMtrED) NOTES TO THE FINAT4CIAL STATEMENTS (Co•thiued) FOR THE PERIOD ENDED 30 JUNE 21122 21. Oper•tlThi cornn￿l￿*•￿ l)x* faIldUe￿ fOlkn￿.. 3•JwA¢ 2022 .11 M•reh J21 ontye4r IJOA79 424113 432250 71X).(Y)O LI55M2 iJ40W 22. Relatod p•rty trnnMe¢loAI sevl￿ of the are hlso part of th¢ kry monagcmrnt pCr￿￿ncl of The F￿ball A$￿ciati￿ of Wales 1.imil￿. In¢ludcd in these financial ytatements arc ￿1$ r￿1vAble and Tttharges receivable fTom The Fv(Fthall A550ciation of WalLS Limitcd of £1.250,fXJO131 Marth 2021.. £1.IKMI.O(M)l and £227,695131 Marclj 2021.. £153.129) Tr¥p￿tiV￿y. At th¥ p¢rid amount of £15,198131 March 2021.. £301,548) w45 owcd to the TNst and is included in de￿or$ falling du¢ wthin onc yw. Al th¢ period end of £nil131 M￿h 2021: £332,309) was held in defttY*J incom¢ to b¢ utilisfyj tn fvrur¢ finan¢ial p￿(￿j8 and £49,497 {31 m￿ch 2021.. £?2,9381 way hdd in ￿erTed income in relatk()n ts) JD Cyjnru PrernI￿ l.¢4guc fundin8. DurinK the on¢ unploy(* of the TN5r131 March 2021.. one) w&$ piid iKXju￿ amounting to & totsl of £5,￿0(31 March 2021.. £5.{x￿). Th¢Tr￿1 the to￿1 of thLX IM)nuse8 by th¢ F¢NbNII Association of w11￿ Lirniicd. Two tw¥¢￿ 4re of thckey mana8emerti I￿￿n￿e1 *f FAW Football t)Cvdopm￿l Ce￿¢re Limited. In¢lud¢d in thu¢ finAhcial $¢ar¥%nents Jre d￿￿1￿rLs rtiejvable fr()tn the FAW FootWI D¢velopment Centye Limit*J of £1.31.750131 MAr¢h 2021.. £nill and rcnl payabl¢ tu the FAW Football D¢ve1(ym¢￿1 Centrc Limi￿1 ofL"125.(W131 M￿h 2021.. £100.O(X)I. At the wiod cnd thC￿ were amouThis due the Trt8t of L88,670131 M4rdQ021.. £222.5801 in othtt debtots: thege are in¢lutsl in dd)tpTh f￿11￿8 due withit) year. The trad¢ ¢r¢ditor balance due to FA W Fmthall Developm￿1 C.￿tre Limit￿ at the wiod was £30,(KK)131 2021.. £30,(KM)l And is includd in udiiurs falling due within onc yew. Pour ofthe tru$1ts5 also plrt of thc kcy mana8•nent [*rs￿ne7 of FAW GToynd$ ImprvvfflKnts Limit￿. Ina)mc from this ¢I wth a fitrthc* £22,500131 2021.. £nill included in accrua15. Both amounts ar¢ included in crditors tAllin¥ 15ue within wc yc4r. 11. C*ih {•*d l•ygoo¢rAted from opprndAI Perlod ended JO Julle YeAr fflded JI 2Q22 MArch ZOZI (EX￿d]lureyIrKQn¢ ftyth¢ptyKxl AdjustmenL8 for.. Investment incomere¢ogtii￿ in rrtofii or ]08$ Deprwiation aThJ impairn1￿f of wibk fix¢dJ￿rtS Movern¢￿ts in w￿ing Capital.. (Incre￿yDtcre￿eI￿ stiKk8 t)AzewelllncreJJge) in debto (D￿rC￿ll]ncrC￿t in Lyeditors C*sh (used InygeDeT•ted from opeT*tlfmS (159.659) 987.329 (12J671 14296 19,298) 15 502 16531 519.884 515.9771 1,436 (1172,776} NOTES TO THE FINANCIAL STATEMENTS (C•Mthiqed) FOR THE PERIOD EP4DE.D 30 Juf*E zor2 25 CYMRU F(X)TBALL FOUNDATION LIMITED (FORMERLY FAW F(K)TBALL fN THE CChlMtJN]TY LIMITED) 24. Prnr yur rt4trlrtd ffimeomexnd wApendltyr¢ Ye*r Ended 31 M•rth 2021 FIDdi lrt¢ome from: DotLation8 and Legaci Charitsble athiTrAtieS Coaching. Educ*ion &Trnining Other t¥adin8 adiviti Intere51 Yethv8bl¢ 1.747.947 1.227.614 2.975.561 783.117 224.727 9298 783,117 224,727 9,298 Totsl Intome 1227 14 3.992.703 Expthdlthtt on: RRising Funds table activities C4>hchin8, Fducation &Trainin8 Gtxsyroots PIlly￿ Acce&q & Inclusion Pltyu Develwenl 41.850 41.850 ),163 369.¢FA) 495J57 412.762 462.374 224.778 1.411.925 831.464 720.135 Total ¢h•Yli*bk txptndknre 1863.610 24 TotAI r¢w•r¢t4 expe*dtd i.YJ5A60 14 3.OOS 174 Net irKomefor th¢ 859.629 127.700 987,329 Fund BUI￿r￿e￿ Wt 1370.9)8 124.6fi5 1.395,663 Futsd B•l*nw carrled ffJrw•rd 292 65 25. C4)mwny Llmlled by gu•r￿ett Th¢compw 1$ limiid by the there Wtfe 14 rntrnbern Evtty m¥nbET ofth¢ Tn￿ undLTtak tr) Cl*L¢riP￿tr a m4ximurn of £1 in the event of the th)mr*ny iring woutwj up. 2& Furth¢r The comprty 1$ known in ¢i￿leS undtrthe irnding of Th¢ Welth FO￿71 TnJA. Its th4rity registrttion Thimb um)pany r¢ws¢rniion numi%r are sd out on pg¥2. daails of its key m*ts•8¢Jwi pw8onn¢l. P&¥e 2 also contains dth'18 of its main bankus and othwrKg8ni$81ions th wDvidc ￿of￿0￿&l swvica. 26