## ## ## ||||||||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|