Charity Rogistration numbor. 1129186
The Monmothian Charitable Trust
Unaudiled financial stat￿ents
30 April 2025

The Monmothian Chaiitable Tntst
Page
Legal and admintstratve Inforn]*h
Tru*ees rewt
Independent eX￿nIne￿5 fer
Slatement ofcomprehensibE in(xAne
stst￿ent of financ181 posth
Notes to the financral ststwnents

The Monmothian Charitable Tryst
Legal and adminlstratlve Infommtion
Trustees
MrCTRWaker
Dr A Mohindm KC
Mr S J Raike5 (Chairman)
Mr R Booth KC
Mr S R George
Mr R Atkin5
MrNGRJ8mes
MrA C Roberts
Mr D H Evans
Mr W H Engkand
MrA W D Roterts
Mrs A Crackr￿1￿JOnes
(ResvJned 16 November 20241
(Resigned 16 November 20241
(Resigned 16 November 20241
(￿>pC￿nts￿ 28 Awil 20251
Charity number
1129186
Independant examiner
Crown & Co Ac￿untants knmt
Singleton Court Business Park
Wonast(yw R(￿1
Monmouth
Monmouthshire
NW25 5JA
Pagg 1

The Monmothian Charitablg Trust
Trustees r•port
Year ended 30 April 2025
The trustees p￿ent their rqxfft and accounts for ts Jpar ended 30 Aortl 2025
The accounts have tEen prepared in accor[tsn￿ with the ac(vuntiro pojiues set out in rnle 1 to the acwunts
artd QJrnply wth thè dood, th• Charitio* Aol 201I •nd by Chexritiea."
Statement of R￿mmended pra￿1￿ appluble to chanties preparing their accounts in accordan￿ with the
Financial Reporting Standard appl￿ble Fn the UK and the Repubk of IrpEand (FRS 102)- (as amended for
c￿U￿ting periocjs cornmencing from 1 January 2016).
Objectivgs and activitles
The objects of the trust are for the benefft of such Charilable ptsr[￿ or tharitable institutK)ns wtth the County
ol m0nmouthshi￿. The FoTest of Dean and South HeFefordshire at such b'mes and in such manner and
proportions ag the trustees rttay frcKn time to tin￿ in their di￿ell()n determine and in particular for the William
Jones Foundati￿7 for the benefit of MonmoLrth sch(￿F. The trnst carrts out these objects by prowding small
one off grants to hetp community projacts. The trustees have due regard to guidance issued by the Charty
CommtS5ion in decKJing what athitEs the trust slN)uld undthe.
Financial review
The main s¢)urce of income fs from ¢*)nations. lega￿ and grfts and the trustees do not intend to funds
from other sources at the momert Grants have tw made as detaited in the accounts for those
opportunitss to awst other ¢harItI￿ Kdeirtified by ihe trustees. The trustees do not ￿S￿ler there is any need
to maintain any [jX￿ level reserves as the (tharity has no ccNnmibrtents for expensos.
Risk management
The trustees have considered the major risks to whKh the charity is exposed ar￿ have reviewed those tssks
and estsblished systems and prQ￿edureS to manwje those risks. No major ri%ks have been Hlenlifwl other
than coHapse financial ¥h￿re the money has been deposited.
Grant making policy
The Trust has established ts want making tx71ry to achieve its (￿Jects for the publ￿ benefit by hetpin9
Monmouth &hcK>l. The grant makj.ng is reviwhBJ annually to enstsre that il reflects the chaitys objects
and thereby advan￿ public t¢nefit
Investment poli¢y and perfomian¢e
The trustees recognise Ih8t the main f￿￿1r￿1 from Ihe inveslment is to oblain Ihe best interest rates o
short temi depostts.
Plans for the futur¢
The Trust*s plan to distribLrte au InC￿ning funds to be￿ kKal charities.
Structu￿. governanco and managemont
The trust is a registered chatrty. number 112918 and is o)nsitul8d undw a Injst deed d*ed 26 March 2009.
Th8 trust was established with an iniw dontit￿￿ of £5(K).
Page 2

The Monmothian Charitable TTUSt
Trustees report (¢ontinued)
Year endod 30 April 2025
The trustees reFQrt was approved by the BLprd of Trustees on
Mr S Raik&8
Trustee
Page 3

The Monmothian Charitable Trust
Indepemlent ExamineVs Report to thè Trustees of the Monmothian Charltable Trust
Year ended 30 April 2025
I report on the acujunts of the Injsl for￿ 5p8r eThJed ￿Apn7 2025.
RespectFv• resonsibilities Ott￿Stee$ and examiner
The Irusys trustees are reSpO￿81b12 for the prepa￿11￿ of the 8(x>yjn￿ The chaW8 tnJS1￿ conskjer that
an audit is not required for this year vrKlw seclM)n 144(21 of the Charrtw Acl 2011 (the 2011 Act) and that an
Independent examinadon is r)eeded.
It is my Fesponsiblity to..
lill to follow the prctedur8s lakl d￿) Dir•*lL￿ gwi by lh8 Charity Commlssion under Seclion
14515Mb) ol the 2011 A¢( and
Iiiil to state whetheT p&licuLqr matters have eome to my attentK>n.
Basis of Independent exarninerfs report
My examination was carried out in a(rANda￿& ￿1h Ihe ￿N￿￿on5 g￿En by￿ Charity Comml85ion.
An examination includes a Teveiw of Ihe accountsrg re¢>Jrds kept by the Charity and a comparison ofihe
accounts presentsd in those recor¢Js. 11 also indudès C￿￿l￿r8t10n of any unusual items or disdosures in the
acc4)vnts, and seeking explanations from you as trustees concemiTrJ any such matters. The procedures
undertaken do not provide all the evrtJen￿ thalwwld ￿ twjuired in an a￿lit and cowuenuy no oplnlon is
given as lo whether the 8cC￿utnS PTe5ent a Irue and fa￿VE¥ and the report i% lirni1￿ to those matters set
out in th8 next statement
Independent examin*s ststement
Yotsr attention ts drawn to Ihe that thè 1*2rity has ￿parEd arxxNJnts in aw)rdance wth Ihe'Accounb"no
and Reporting by Charibes Stalem8Trt of RwnmerKled PwtiLE appltcabfe to charthes preparing their
accounts in accordgNx wilh the Finan¢￿1 Réports￿ Standatd applv2bJ8 in ttr￿ UK and ftepu￿c of Ireland
IFRS 1021.
l understand that thls has been dore in order for the accottnls lo pmwde a true and fair View in accordance
vAth GeneraltyAccepted AccDuntiNd Praciice effective for re￿rtiry ￿ra￿t beginning on or aftef 1 Janvary
2015.
In (x)nnet*on myexaminati(x). ￿ other matttsexcept that referr￿ to in Ihe wemous paragraph has
come to my attentKm'.
lal whKh gives me reasonable ￿use to befEve that in any material r&8pe¢t the reqLwrements.'
lil lo keep accounting records in acwrdan(* wrth section 130 ofthe 2011 Act ar*J
} lo prepare accounts in a￿￿Ord￿N2 WTlh the a￿)unti￿ rec4)th and complywilh aetsunUrwJ
requiTements oflhe 2011 A¢L
{bl to which, in rny opSnion, attention slK)ukl t* drawn in ordertg enable a prr4Jer uThJerstaThJing of the
ac¢oLthtg trj be r8ach*J.
Crown & Co Ac¢ount8nts Llmlted
Singleton Gourt BuswRss Park
Wonastow Road
Monmolrth
MonmDulhshire
NP25 5JA
Page 4

The Monmothlan Charilable Trust
SLitsment of comprehensive inGome
Yoar ended 30 April 2025
2025
2024
Nots
Income from donations, legacies and eharitabk activities
EX￿nditure on charrtable activriEs
27.787
(10,649}
17,757
(12.4481
17,138
5.309
Unrealised (Fossllgain on inveslments
Income from otheF fjxed asset inNEslments
1.275
1.1
2.116
901
Net incomel(expenditurE} for the year
19.603
8,326
The notes on pages 7 to 9 forni part of these financlal statements.
Page 5

The Monmothian Charltable Tn￿t
statement of fmancial posltion
30 April 2025
2025
2024
Note
Flxèd assats
Investments
30.698
29,423
30.698
29.423
Current assets
Cash at bank and in hand
45.603
25.288
45.603
Creditors: amoursts falling due
within one year
25.288
(4.151)
(2.164)
Net Current assets
41.452
23.124
Totsl assets less Current liabiliti•s
72.150
52,547
72.150
52.547
Income funds
Unrestricled funds
72.150
52.547
72.150
52,547
The financial ststements were approved by the Trustees on
Mr S Raikes
Tnjstee
Chanty rpgisltation number. 1129186
The not•s on pages 7 to 9 forn) part of theBe financial statements.

Thg mOnn￿th1aft Charitable Tnmt
Notes to the financial statements
Year ended 30 April 2025
Ac¢ounting pollcle8
Basis of preparatlon
The accounts have been prepar￿1 in accordance ￿th the tnjsys goveming dctument, the Charities Act
2011 and "Aeeounting and Reporb"ng by Charities.. Statement of Recommended Practi￿ applicable to
charities preparing their accounts in a¢cordan¢e wtlh the Fina[K￿l RepoTting Standard applicable in the
UK arHI RepU￿]C of Ireland (FRS 1021- {as amended for wjuntsng peric¥ts commencing from 1
January 2016}. The trust is a publ￿ Benefft Enltty as defined by FRS 102. The tmst has taken
advantage of the provEs￿nS of the SORP for charÈlies appI￿.ng FRS 102 Update Bulletiri 1 not to
prepare a statement of cash Ikms. The ac(L)unts have depart￿j from the charib.es (Accounts and
reports) Regulations 2008 onty to the exient required to pro￿de a true and fair view. This departure has
1nvofv￿I follow.ng the Statement of R￿0Mmend￿j Practi￿ for chariti&8 app￿.￿9 FRS 102 ra*hÈr than
the version of the Statement of Recommended Praclice which referred to in the Regulations but
whith has Sin￿ been wthdrawn.
Incoming re50urc05
Al incoming re50UTces are reeogniwj On￿ the d￿rIty has entTtlement to the resources. rt is certain
that the resour￿$ w¢ll be received and the monelary value of incc4ning resour￿ can be measurèj with
sufficient rel￿b{tity.
Flxed asset Investments
Fixed asset investments are inrtjalty measuryl at tranwtion prKe exdurfiTrJ transaCt￿n costs, and are
subsequently measured al fair value at each rep(Mling date. Changes in fair value are recognised in net
incomel(expenditure} for the year. Transaction (>)sts are exFens&J as incurred.
Impairnient
A review for indicalors of impaimient is Carr￿ out at each rep)rting date. with the recoverable amount
being estimated where such indutors exFSt Where the carryir3g value exceeds the recoverable
anount, the asset is inpaired &COr￿￿jty. Pmr In￿lM)ents are alg) rev￿ftd w)￿bre reversal *
each reporbng date.
When it is not p0￿ble to estimate the recove￿￿ amount of an indmdual asset. an estimate is made
of the recoverable amount of the CAsh*nerattng unit to which the asset belongs. The cash-generating
untt is the smallest identifiable group of assets that indudes the a&set and generates cash inflows that
are largely independent (rf the cash infiovts from othw assets or grcwps of assets.

The Monmothian Charitable T￿￿t
Notes to the financial statements (Gontinued)
Year ended 30 April 2025
Financial instruments
A financial ass81 or a financial liatm.lity is recoJniwJ ()nly when the trust b￿MeS a paty to the
contrathal provisions of the instrijment
Basic firtancsal instruments are initialty rec(NJnised at the transaction PTice. unles9 the arrgngement
constitutes a financing transaction. where tt is recognised at the present value of the future payments
discounted al a mafket rate of iftterest for a similar debt Instrument
Debt instruments are sutrtsequently measured at amortised cc6t
Where invesbnents in norkconvertblo preferen1￿ shares and noTwultable ordinary shares or
prefergnGe shares are publ￿ty traded or their fair value Lxn otherwise be measured reliabty. the
iftvestmenl is subsequenuy measured at fatr walue with ¢han9es in fair value recognised in profit or loss.
AFI other such investments are subsequèntty measured at cost less impaifment
Other financial instruments. including derivatives. are initialty wnised at fair value, urEless payment
for an asset ts deferred beyond r￿)mI81 business terms or financed al a rate of interest that is not a
market rate. in which ¢2se the asset is measured at the present v￿ue of Ihe fubjre paymer
discounted at a mafkel rate of interest for a simifar debl instrtsmenl
Other financial instrun7ents a￿ subsequenty measured * fair value. wth any changes recogTrised in
prufft or h)ss, wrth the except￿ of hedging instrurnents In a deS￿Jnated hedging relati￿ShIp.
Financial assets that are measured at G￿t or anortiwl ￿st are reviewed for objech.ve evidence of
impairment at the end of each reming dale. If there ts ￿jeCts¥e evhtien￿ of impairment. an
impaimient kxss is rec￿nISed in profft or10&8 immalÈately.
For all equity instruments regardless of sigThfThnce. and other financFal assets that are indNtclualty
s￿nifiCant, these are assessed indmdualty for impainTrenl Other financial assets or eFther assessed
individualty or grouped on the basks of simiLar cretht risk charatsrtstics.
Any reversals of impaimient are re￿nI*l in K*offt or loss immedratety. to the extent that the reversal
does not resutt in a carrying 8mount of the financial a&%et that exceeds what the carrwng amount would
ResouTces expended
Liabilities are reGognised as resour￿ expen¢*d as sfyjn as there is a legal or Gonstructive obl(gation
committing the chanty to the expendiiure. All eynditure rs a¢￿Unted for on an accnjafs basis and
has been classFFEd under headings htat aggregate all costs ￿tated.
Charttable funds
Unrestrreted lund3 *e available for use at the discrEtk)n of the trustees in furtherance of their
charitable objectives unless the furKts have been designated for other purposes. Restricted funds are
subject to specrfic conditions by donors as ID how Ihey may be us&J. The PUTFK)ses and uses of the
Trnstges
None of the Tnjstees (or any ￿[SOn$ (x)nnec*ed with thèrnl rèceived any ￿m￿ner￿10n or benefits
Income from other fixed asset investmgnts
2025
2024
Incnmè from investments
1,190
901
Page 8

The Monmothian Charitable Tntst
Nots8 to tha financlal statements (continued)
Year ended 30 April 2025
Investments
Other
investments
other than
loans
At 1 May 2024
AdditM)n$
29.423
1.275
At 30 Aprll 2025
30,698
Impaimient
At 1 May 2024 and 30 Aprll 2025
Carrying amount
At 30 April 2025
30.698
At 30 April 2￿24
29.423
Creditors: amounts falling due within one year
2025
2024
Other cwitors
4,151
2.164
Page 9