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|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|
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|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|||
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||||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|
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|||||||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|
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||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|
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|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|
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|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).|||
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|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|
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|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)|||
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||||||||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|
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||||||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)|
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|||||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|