2022-03-31-accounts

							Page
Trustees' annual report (incorporating			the	director's	report)
Chartered accountant's report		to the	board	oftrustees		on the
preparation ofthe unaudited statutory			financial statements
Statement offinancial	activities	(including		income and
expenditure account)
Statement of financial	position
Statement ofcash flows							10
Notes to the financial	statements
The following pages	do not form part ofthe financial statements
Detailed statement of	financial	activities					22
Notes to the detailed	statement	offinancial		activities			23

Reference	Reference	and adm	inistrative	inistrative	details
Registered		charity	name		The Ty Glyn Davis Trust Limited
Charity	registration		number		1066156
Company		registration		number	03267674
Principal	office				The Retreat
					Graig Place
					Aberd are
					CF44 7RE
Registered		office			The Retreat
					Graig Place
					Aberdare
					CF44 7RE
The trustees
					Geoffrey Brookes	Resigned	16 August 2022
					Bruce Cardwell
					Sian Davies
					Rev. John Jones
					Jacqui Lyne
					Wendy Symons-Jones
					Mary McGlynn
					Lewis Nigel Thomas

			Year ende	d 31 March 2022	d 31 March 2022
				2022			2021
			Unrestricted	Restricted	Endowment
		Note	funds f	funds	funds f	Total funds f	Total funds f
Income and endowments
Donations and legacies		5	17,445			17,445	12,847
Investment income		6	7,080			7,080	5,685
Other income		7	4,754			4,754	11,792
Total income			29,279			29,279	30,324
Expenditure
Expenditure on
charitable activities		8,9	90,643	5,000		95,643	46,657
Tote I expenditure			90,643	5,000		95,643	46,657
Net losses/(gains)	on
investments		10	564			564	(175,097)
Net (expenditure)/income
and net movement	in funds		(61,928)	(5,000)		(66,928)	158,764
Reconciliation of	funds
Total funds brought	forward		613,441	20,887	104,844	739,172	580,408
Total funds carried forward			551,513	15,887	104,844	672,244	739,172

				31 March	2022
						2022		2021
					Note	f		f
Fixed assets
Tangible fixed assets					14		216,481	221,406
Investments					15		454,792	510,356
							671,273	731,762
Current assets
Debtors					16	2,944		3,679
Cash at bank and	in	hand				6,471		6,280
						9,415		9,959
Creditors: amounts		falling	due within	one year	17	8,444		2,549
Net current assets							971	7,410
Total assets less	current		liabilities				672,244	739,172
Net assets							672,244	739,172
Funds ofthe charity
Endowment funds							104,844	104,644
Restricted funds							15,887	20,887
Unrestricted funds							551,513	613,441
Total charity funds					19		672,244	739,172

Year en	ded 31 March 2022
		2022	2021
		6	f
Cash flows from operating activities
Net (expenditure)/income		(66,928)	158,764
Adjustments for:
Depreciation of tangible fixed assets		4,925	4,925
Net losses/(gains) on investments		564	(175,097)
Other interest receivable and similar income		(7,080)	(5,685)
Accrued (income)/expenses		(925)	74
Changesin:
Trade and other debtors		735	(749)
Trade and other creditors		6,820	(2,709)
Cash generated from operations		(61,889)	(20,477)
Interest received		7,080	5,685
Net cash used in operating activities		(54,809)	(14,792)
Cash flows from investing activities
Purchases ofother investments			(165,097)
Proceeds from sale of other investments		55,000	175,096
Net cash from investing activities		55,000	9999
Net increase/(decrease) in cash and cash	equivalents	191	(4,793)
Cash and cash equivalents at beginning	ofyear	6,280	11,073
Cash and cash equivalents at end ofyear		6,471	6,260

						Unrestricted	Restricted	Total Funds
						Funds	Funds	2022
							F	f
Donations
Unrestricted	donations					338		338
Accomodation						17,107		17,107
						17,445		17,445
						Unrestricted	Restricted	Total Funds
						Funds	Funds	2021
						f	8
Donations
Unrestricted	/	restricted		donations		1,277	5,000	6,277
Accomodation						6,570		6,570
						7,847	5,000	12,847
Investment	income
					Unrestncted	Total Funds	Unrestricted	Total Funds
					Funds	2022	Funds	2021
Bank interest		receivable					2	2
Other investment			income		7,080	7,080	5,683	5,683
					7,080	7,080	5,685	5,685

7.	Other inc	ome
							Unrestricted	Total Funds	Unrestricted	Total Funds
							Funds	2022	Funds	2021
							f	6	f	6
	Job retention		scheme				3,463	3,463	11,382	11,382
	R HI						1,291	1,291	410	410
							4,754	4,754	11,792	11,792
8.	Expenditure		on charitable			activities	by fund type
								Unrestricted	Restricted	Total Funds
								Funds	Funds	2022
								5	f	f
	Charitable	activity						90,643	5,000	95,643
								Unrestricted	Restricted	Total Funds
								Funds	Funds	2021
									6	E
	Charitable	activity						46,657		46,657
9.	Expenditure		on charitable			activities	by activity type
								Activities
								undertaken	Total funds	Total fund
								directly	2022	2021
								t	6	F
	Charitable	activity						95,643	95,643	46,657
10.	Net (losses)/gains			on investments
							Unrestricted	Total Funds	Unrestricted	Total Funds
							Funds	2022	Funds	2021
							E	6		F
	Gains/(losses)		on	other	investment
	assets						(564)	(564)	175,097	175,097
11.	Net (expenditure)/income
	Net (expenditure)/income					is stated after charging/(crediting);
									2022	2021
									6	6
	Depreciation		of tangible		fixed assets				4,925	4,925

Staff costs		Yea	Yea	r ended 3	r ended 3	1 March 2	022	022
The total staff	costs	and employee		benefits for		the reporting	period are analysed as follows:
							2022	2021
								6
Wages and salaries							26,801	21,954
The average	head	count of employees			during	the year was 2 (2021: 2). The average		number	of
full-time equivalent		employees	during		the year	is analysed	as follows:
							2022	2021
							No.	No.
Number of staff							2		2
No employee	received employee			benefits of more than F60,000during the year (2021:				Nil).

Investments
	Other
	investmentsf
Cost or valuation
At 1 April 2021	510,356
Additions
Disposals	(55,000)
Other movements	(564)
At 31 March 2022	454,792
impairment
At 1 April 2021 and 31 March 2022
Carrying amount
At 31 March 2022	454,792
At 31 March 2021	510,356

16.	All investments sh Debtors	own	abov	e are held at valuation.
					2022	2021
	Prepayments and	accrued		income	2,944	3,679
17.	Creditors: amounts		falling	due within one year
					2022	2021
					6	F
	Trade creditors				648	451
	Accruals and deferred		income		7,796	2,098
					8,444	2,549
18.	Deferred income
					2022	2021
						F
	Amount deferred	in year			6,623

			At			Gains and	At
			1 April 2021 f	Income F	Expenditure	losses f	31 March 2022 f
Unrestricted		Funds	613,441	29,279	(90,643)	(564) 551,513
			At			Gains and	At
			1 April 2020 F	Income f	Expenditure	losses F	31 March 2021 f
Unrestricted		Funds	459,677	25,324	(46,657)	175,097	613,441
Restricted		funds
			At			Gains and	At
			1 April 2021 F	Income f	Expenditure f	losses 31 March 2022 f F
Garden Restoration
Fund			15,887				15,887
Bedroom	Refurbishment		5,000		(5,000)
			20,887		(5,000)		15,887
			At			Gains and	At
			1 April 2020 F	Income F	Expenditure	losses f	31 March 2021 f
Garden	Restoration
Fund			15,887				15,887
Bedroom Refurbishment				5,000			5,000
			15,887	5,000			20,887
Endowment		funds
			At			Gains and	At
			1 April 2021 f.	Income f	Expenditure	losses 31 March 2022 F f
Endowment		Fund	104,844				104,844
			At			Gains and	At
			1 April 2020 f	Income F	Expenditure f	losses F	31 March 2021 f
Endowment		Fund	104,844				104,844

Analysis	of net as	se	ts between f	unds
				Unrestricted	Restricted	Endowment	Total Funds
				Funds	Funds	Funds	2022
				E	E	E	E
Tangible	fixed assets			95,750	15,887	104,844	216,481
Investments				454,792			454,792
Current	assets			9,415			9,415
Creditors	less than	1	year	(8,444)			(8,444)
Net assets				551,513	15,887	104,844	672,244
				Unrestricted	Restricted	Endowment	Total Funds
				Funds	Funds	Funds	2021
				E	E	E	E
Tangible	fixed assets			95,675	20,887	104,844	221,406
Investments				510,356			510,356
Current	assets			9,959			9,959
Creditors	less than	1	year	(2,549)			(2,549)
Creditors	greater than		1 year
Net assets				613,441	20,887	104,844	739,172

							At
At	1	Apr	2021	Cash	flows	31	Mar	2022
			E		E			E
			6,280		191			6,471

					2022	2021
					8	F
Income and	endowments
Donations and legacies
Unrestricted	donations				338	6,277
Accommodation					17,107	6,570
					17,445	12,847
Investment	income
Bank interest	receivable					2
Other investment		income			7,080	5,683
					7,080	5,685
Other income
Other income					3,463	11,382
Other income	type	2			1,291	410
					4,754	11,792
Total income					29,279	30,324
Expenditure
Expenditure	on charitable		activities
Wages and salaries					26,801	21,954
Project work					6,056
Light and heat					3,019	2,851
Repairs and	maintenance				2,435	110
Insurance					3,579	3,505
Other establishment					44,768	9,521
Consultants					51	113
Accountancy					2,597	2,597
Other motor/travel		costs			261
Bank charges					84	80
Telephone					1,067	1,001
Depreciation					4,925	4,925
					95,643	46,657
Total expenditure					95,643	46,657
Net (losses)/gains		on investments
Gains/(losses)	on	other investment		assets	564	(175,097)
Net (expenditure)/income					(66,928)	158,764

						2022 f	2021 6
Expenditure	on	charitable			activities
Activity type	1
Activities undertaken			directly
direct charitable		activity		1 - wages/salaries		26,801	21,954
project work						6,056
light & heat						3,019	2,851
repairs &maintenance						2,435	110
insurance						3,579	3,505
property maintenance						44,768	9,521
consultants						51	113
accountancy						2,597	2,597
motor/travel	costs					261
bank charges						84	80
telephone						1,067	1,001
depreciation						4,925	4,925
						95,643	46,657
Expenditure	on	charitable			activities	95,643	46,657