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2023-03-31-accounts

							Page
Trustees' annual report (incorpcrating			the	director's	report)
Chartered accountant's report		to the	board	oftrustees		on the
preparation ofthe unaudited statutory			financial statements
Statement of financial	activities	(including		income and
expenditure account)
Statement offinancial	position
Statement ofcash flows							10
Notes ta the financial	statements
The following pages	do not form part ofthe financial statements
Detailed statement of	financial	activities					21
Notes tc the detailed	statement	offinancial		activities			22

Reference	Reference	and adm	inistrative	inistrative	details
Registered		charity	name		The Ty Glyn Davis Trust Limited
Charity	registration		number		1068156
Company		registration		number	03267674
Principal	office				The Retreat
					Graig Place
					Aberdare
					CF44 7RE
Registered		office			The Retreat
					Graig Place
					Aberdare
					CF44 7RE
The trustees
					Geoffrey Brookss	(Resigned	16August 2022)
					Bruce Cardwell
					Sian Davies
					Rev. John Jones	(Resigned	28 September 2022)
					Jacqui Lyne
					Wendy Symons-Jones
					Mary McGlynn
					Lewis iNigel Thomas

			Year ende	d 31 March 2023	d 31 March 2023
				2023			2022
			Unrestricted	Restricted	Endowment
			funds	funds	funds	Total funds	Total funds
		Note	E	E	E	E	E
Income and endowments
Donations and legacies		5	28,760			28,760	17,445
Investment income		6	5,908			5,908	7,080
Other income		7	1,079			1,079	4,754
Total Income			35,747			35,747	29,279
Expenditure
Expenditure on
charitable activities		8,9	79,940	15,667		95,827	95,643
Tots I expenditure			79,940	15,867		95,827	95,643
Net losses on
investments		10	30,320			30,320	564
Net expenditure and net
movement in funds			(74,513)	(15,887)		(90,400)	(66,928)
Reconciliation offunds
Total funds brought	forward		551,513	15,887	104,844	672,244	739,172
Total funds carried	forward		477,000		104,844	581,844	672,244

						2023		2022
					ttote	5		5
Fixed assets
Tangible fixed assets					14		211,555	216,481
Investments					15		359,472	454,792
							581,028	671,273
Current assets
Debtors					16	3,051		2,944
Cash at bank	and	in hand				9,497		6,471
						12,548		9,415
Creditors: amounts			falling	due within one year
Trade creditors						4,300		648
Accruals and	deferred income					7,432		7,796
						11,732		6,444
Net current	assets						818	971
Total assets	less	currant		liabilities			581,844	672,244
Net assets							581I,844	672,244
Funds ofthe charity
Endowment funds							104,844	104,844
Restricted funds								15,887
Unrestricted	funds						477,000	551,513
Total charity	funds				18		581,844	672,244

	Year en	ded 31 March 20	23
			2023	2022
			t
Cash flows from operating	activities
Net expenditure			(90,400)	(66,928)
Adjusfmsnts for.
Depreciation of tangible fixed assets			4,925	4,925
Net losses on investments			30,320	564
Other ilnterest receivable and similar income			(5,908)	(7,080)
Accrued income			(492)	(925)
Changes in:
Trade and other debtors			(107)	735
Trade snd other creditors			3,780	5,820
Cash generated from operations			(57,882)	(61,889)
investment income received			5,908	7,080
Net cash used in operating	activities		(51,974)	(54,809)
Cash flows from investing	activities
Proceeds from sale ofother	investments		55,000	55,000
Net cash from investing activities			55,000	55,000
Net increase in cash and cash equivalents			3,026	191
Cash and cash equivalents	at beginning	ofyear	6,471	6,280
Cash and cash equivalents	at end ofyear		9,497	6,471

5.	Donations	end	legac	ies
					Unrestricted	Total Funda	Unrestricted	Total Funds
					Funds	2023	Funds	2022
							E
	Donations
	Unrestricted	donations			1,814	1,814	338	338
	Accommodation				26,946	261946	17,107	17,107
					28,760	28,760	17,445	17,445
6.	Investment	income
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2023	Funds	2022
					E	a
	Other investment		income		5,908	5,868	7,080	7,080
7.	Other income
					Llnrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2023	Funds	2022
							E	E
	WMRC Jcb Renewable	Retention Scheme Heat incentive			'i,079	1,079	3,463 1,291	3,463 1,291
					1,079	1,070	4,754	4,754

8.	Expenditu	re	o	n	cha	ritable	ac	tivit	ies	by fund	ty	pe
													Unrestricted		Restricted	Total Funds
														F'unde	Funds		2023
														f
	Charitable	actiwty												79,940	15,887		95,827
													Unrestricted		Restncted	Total Funds
														Funds	Funds		2022
															8
	Charitable	activity												90,643	5,000		95,643
9.	Expenditure		on		charitable		activities			by activity		type
														Activities
													undertaken		Total funds		Totai fund
														directly	2023		2022
														r	8
	Charitable	activity												95,827	95,827		95,643
10.	Net losses on			investments
										Unrestricted			Total Funds		Unrestricted	Total Funds
											Funds			2023	Funds		2022
												6			8		f
	Gains/(losses)			on other investment
	assets										(30,320)			(30,320)	(564)		(564)
11.	Net expenditure
	Net expenditure				is stated after			charging/(crediting),
															2023		2022
																	F
	f3epreciation		of tangible fixed					assets							4,925		4,925
12.	Staff costs
	The total	staff		costs		and employee			benefits for the reporting					period are analysed as		follows:
															2023		2022
															8
	Wages and salaries														30,497		26,801
	The average		head			oount of	employees			during	the year was 2 (2022:				2). The average		number of
	full-time	equivalent				employees		during		the year is		analysed		as fatiows:
															2023		2022
															No.		No.
	Number	af staff													2		2
	No employee			received employee					benefits of more than				860,000dunng		the year (2022: Nil).

No trustee expenses have been incurred or paid during the yea Tangible fixed assets	r.
	Land and
	buildings
	6
Cost
At 1 April 2022 and 31 March 2023	305,787
Depreciation
At 1 April 2022	90,306
Charge for the year	4,925
At 31 March 2023	95,231
Carrying amount
At 31March 2023	211&556
At 31March 2022	218,481

Investments
	Other
	investments
	6
Cost or valuation
At 1 April 2022	454,792
Additions
Disposals	(55,000)
Other movements	(30,320)
At 31 March 2023	369,472
'Impairment
At 1 April 2022 and 31 Illlarch 2023
Carrying amount
At 31 March 2023	369,472
At 31 Iviarch 2022	454,792

2023	2022
f	f
3,051	2,944
2023	2022
8
6,750	6,623

			At			Gains and	At 31March
			1 April 2022	Income	Expenditure	losses	2023
			6	E	8		8
Unrestricted		Funds	551,513	35,747	(79,940)	(30,320)	477,000
			At			Gains and	At 31 March
			1 April 2021	Income	Expenditure	losses	2022
			E				F
Unrestricted		Funds	613,441	29,279	(90,643)	(564)	551,513
Restricted		funds
			At			Gains and	At 31 March
			1 April 2022	Income	Expenditure	losses	2023
				8	8	8
Garden	Restoration
Fund			15,887		(15,887)
			At			Gains and	At 31 March
			1 April 2021	Income	Expenditure	losses	2022
							8
Bedroom Refurbishment			5,000		(5,000)

							At			Gains and	At 31 March
						1 April	2022	Income	Expendilure	losses	2I}23
								5	B	E	5
	EndoWment		Fund			104,844					104,844
							At			Gains and	At 31 March
						1 April	2021	Income	Expendilure	losses	2022
							E		r		E
	Endowment		Fund			104,844					104,844
19.	Analysis	of	nst assets between				funds
								Unrestricted	Restricted	Endowment	Total Funds
								Funds	Funds	Funds	2023
								f	F	F.
	Tangible	fixed assets						106,712		'IG4,844	211,556
	Investments							369,472			369,472
	Current	assets						12,548			12,548
	Creditors	less than		1	year			(11,732)			(11,732)
	Net assets							477,000		104,844	581,844
								Unrestricted	Restricted	Endowment	Total Funds
								Funds	Funds	Funds	2022
								F	8	K	8
	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)
	Nst assets							561,513	15,887	104,844	672,244
20.	Analysis	of	changes		in	net debt
											At
									At 1 Apr 2022	Cash flows	31Msr 2023
									8	E	8
	Cash at	bank arid		in	hand				5,471	3,026	9,497

					2023	2D22
					E
Income and endowments
Donations and legacies
Unrestricted donations					'),914	338
Accommodation					26,946	17,107
					28,780	17,445
Investment income
Other investment	income				5,9D8	7,080
Other income
HMRC Job Retention		Scheme				3,463
Renewab e Heat	Incentive				1,079	1,291
					1,079	4,754
Total income					35,747	29,279
Expenditure
Expenditure on charitable			activities
Wages and salaries					30,497	26,801
Prolact work						6,056
Light and heat					5,468	3,019
Repairs and maintenance					4,169	2,435
Insurance					3,554	3,579
Other establishment					42,651	44,766
Consultants						51
Accountancy					2,537	2,597
Moto r/trave I costs					362	261
Bank charges					84	84
Telephone					1,030	1,067
Function costs					250
Depreciation					4,925	4,925
					95,827	95,643
Total expenditure					95827	95643
Net losses on investments
Gains/(losses) on	other investment			assets	(30,320)	(564)
Net expenditure					(90,4DD)	(66,928)

				Year ended 31 Marc	h 2023
					2023f	2022f
Expenditure	on	charitable		activities
Activity type	1
Act/v/ties undertaken			direct/y
Direct charitable		activity	1 - wages/salaries		30,497	26,801
proiect work						6,056
light &heat					5,468	3,019
repairs & maintenance					4,169	2,435
insurance					3,554	3,579
property maintenance					42,651	44,768
consultants						51
accountancy					2,837	2,597
motor/travel costs					362	261
bank charges					84	84
telephone					1,030	1,067
function costs					260
depreciation					4,926	4,925
					95,827	95,643
Expenditure	on	charitable		activities	95,827	95,643