2020-11-30-accounts - Moondance Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Trustees' report		1-5
Statement oftrustees'	responsibilities
Independent auditor's	report	7-9
Statement offinancial	activities
Balance sheet
Statement ofcash flows		12
Notes to the financial	statements	13-24

Reference	and Administrative	and Administrative
Company	number		7442773
Charity number			1139224
Trustees snd Directors			Diane Briere	de I'Isle-Engelhardt
			Henry Engelhardt
			Louisa Scadden
			Damien Engelhardt
			Adiian Engelhardt
			Shanna Briere de I'Isle Engelhardt
			Tare Briere de I'Isle Engelhardt
Key management		personnel	Rebecca Watkins - Foundation		Director
Auditor			Azets Audit Services
			Ty Deiw
			Lime Tree Court
			Cardiff Gate Business Park
			Cardiff
			CF23 8AB
Registered	Office		C/0 Azets
			Ty Deiw
			Lime Tree Court
			Cardiff Gate Business Park
			Cardiif
			CF23 8AB
Bankers			Lloyds Bank
			4th Floor
			10Canons Way
			Harbourside
			Bdstol
			BS15FL
Solicitors			Withers LLP
			16Old Bailey
			London
			EC4M 7EG
Investment	Providers		Julius Beer
			1 St Martin's	Le Grand
			London
			EC144AS

			Unrestricted	Unrestricted
			funds	funds
			2020	2019
		Notes	6	6
Donations and	legacies	3	27,090,000	24,792,000
Investments		4	16,421,845	15,192,109
Total income			43,511,845	39,984,109
~Edit
Charitable activities		5	15,901,352	11,708,458
Net gains/(losses) on investments		9	80,816,181	6,582,715
Net incoming	resources		108,426,674	34,858,366
Other recognised gains and losses
Other gains or	losses	10	(104,337)	(12,610)
Net movement	in funds		108,322,337	34,845,756
Fund balances	at 1 December 2019		309,713,078	274,867,322
Fund balances	at 30 November 2020		418,035,415	309,713,078

			2020	2019
		Notes	f	f
Cash flows from operating	activities
Cash generated from operations		17	11,109,428	13,411,744
Investing activities
Purchase of investments			(27,090,000)	(24,792,000)
Proceeds on disposal of investments			15,209,251	25,030,975
Interest received			16,421,845	15,192,109
Net cash generated from investing
activities			4,541,096	15,431,084
Net cash used in financing	activities
Net increase in cash and cash equivalents			15,650,524	28,842,828
Cash and cash equivalents	at beginning	ofyear	61,998,033	33,155,205
Cash and cash equivalents	at end of	year	77,648,557	61,998,033
Relating to:
Cash at bank and in hand			3,753,979	19,602,483
Short term deposits included	in current
asset investments			73,894,578	42,395,550

		Unrestricted	Unrestricted	Unrestricted
			funds	funds
			2020	2019
			f	f
Donated	shares		27,090,000	24,792,000
Donation	relates to the	donation of 1,000,000shares (2019:1,200,000) in Admiral	Group pic.	At the time of
donation,	these were	worth f27,090,000 (2019: f24,792,000). No restriction	has been placed on this
donation	by the donor	with the charity free to use the donation as they see appropriate within the objectives
ofthe charity.
Investments
		Unrestricted		Unrestricted
			funds	funds
			2020f	2019 f
Dividend	income		16,218,250	14,706,000
Bank and	other interest	received	203,595	486,109
			16,421,845	15,192,109

			2020	2019
			6	6
Staff costs			54,433	48,025
Other costs			5,734	3,710
Governance		costs - audit fees	3,900	3,900
			64,067	55,635
Donations	(note 7)		15,837,285	11,652,823
			15,901,352	11,708,458

Donations
					2020	2019
					6	6
Children &Young			People
Action For Children					171,407	165,446
Bamardo's					237,800	200,000
Children ofthe	Mekong				30,000
Mary's Meals					750,000	500,000
NSPCC					517,000	500,000
Papyrus UK						41,600
Plan International		UK			626,440	626,440
Save the Children		UK			357,940
Starlight Children's			Foundation		25,000
Street Child					50,000	50,000
The Aloud Charity					35,000	35,000
The Duke of Edinburgh's				Award	30,000	30,000
The Venture (Wrexham)						35,000
Unicef UK					272,580
Urban Youth Impact					16,676	32,177
Valleys Kids					30,000
YMCA Barry					20,145
YMCA Port Talbot					20,000
					3,189,988	2,215,663
Education
Coleg Elidyr						100,000
College Bound					41,580	39,401
Early Years Wales					30,000
Eden Education	Centre				21,730
Hilltop Schools	Inc				441,990	204,750
INSEAD					118,098	50,000
Mudiad Meithrin					50,000
Prisoner's Education			Trust		69,260	293,087
RESOLVEit					87,000	150,000
Stay at School					75,000
University of Michigan					93,359	92,407
UWC Atlantic College					272,210	220,000
World at Play						20,000
Xplore! Science	Discovery Centre				20,276
					1,320,503	1,169,645

Environment					2020 6	2019f
Anglesey Sea Zoo and Marine Resource Centre					50,000
Bumblebee Conservation		Trust				96,528
Centre for Alternative Technology						1,000,000
Global Feedback Ltd					50,273	59,540
Greenpeace UK					150,000	200,000
International Animal Rescue						1,000,000
Manor Wildlife Park					50,000
Marine Conservation Society						1,000,000
Mount Elgon Foundation					25,800
Oceans					250,000	250,000
Surfers Against Sewage					30,000	30,000
The Orchard Project					83,145	10,600
The Wildlife Trust ofSouth		and West Wales			35,000
The Wye and Usk Foundation					35,000
Wales Ape 8 Monkey Sanctuary					50,000
Woodland Trust						100,000
WWF - UK					90,000	50,000
Zoological Society ofWales Association					50,000
Zoo Leipzig						32,391
					949,218	3,829,059
Health
ASD Rainbows					30,712
Aspire					32,381	30,523
Beat					112,116
Breast Cancer Now					40,378
Bdtish Heart Foundation					100,000
Cerebra					20,000
Cerebral Palsy Cymru					73,875	30,000
City Hospice						30,000
CLIO Sargent					53,527
Elton John AIDS Foundation					50,000	50,000
Llanelli Mind					20,000
Macmillan Cancer Support					100,000
Maggie's Centres						55,850
Marie Curie					50,449
Mind					109,540
Mind Monmouthshire					20,000
Mind Neath Port Talbot					25,028
Moondance Cancer Initiative					120,000
Multiple Sclerosis Society					21,116	20,000
National Council Against	Drug Abuse				41,580	39,401
Nightingale House Hospice					4,900	35,000
Rowan Tree Cancer Care					30,000	30,000
Royal College ofSurgeons		of England	(Moondance	Bowel Cancer
Project)						1,000,000
Royal Osteoporosis Society						25,000

Donations									(Continued)
Royal Society for Blind Children								14,767	20,000
Shirley Ryan AbilityLab		(Rehabilitation			Institute	ofChicago)			15,896
Steps2Recovery								40,000	40,000
Teenage Cancer Trust								45,554	43,170
The Hydration Foundation								25,000
Ty Hafan								30,000	410,000
Ty Hapus								170,000	80,000
Velindre Univeristy NHS		Trust						549,950	800
Welsh Centre forAction		on Dependency			and Addiction		Limited	35,250
								1,966,123	1,955,640
								2020	2019
								6
Other Causes in Wales
2 Wish Upon a Star								58,400
Aberconwy Domestic Abuse Service								37,839
ACE - Action in Caerau		& Ely						22,658
ACE Cardiff									20,000
Afan Community Fitness		Suite						20,478
Age Cymru West Glamorgan									25,000
Age Cymru Gwynedd	a	Mon						30,000
Arts &Business Cymru								110,000	65,000
Atal Y Fro								39,476
AVOW (Association ofVoluntary			Organisations			in
Wrexham)								39,430
Barry Beavers Disabled		Swimming		Club					30,000
Boomerang Cardiff								34,276
Galen DVS								21,481
Can Cook								30,000
Canolfan Pentre CIO								46,608
Cardiff Women's Aid								45,568
Care &Repair North East Wales								22,865
Central Beacons Mountain Rescue				Team				22,410
Chapter Arts Centre								120,977	30,000
Circus Eruption								15,000	50,000
Club 707								29,015
Cymunedau'n Ymlaen	Communities			Forward				59,750
Deal Me Out								20,000
DASU								49,890
Duffryn Community Link								46,000
Follow Your Dreams								21,798
Friends ofPedal Power		Project						31,340
Gathering Place								25,000
G IS DA								21,600
Glenwood Church								100,000
Goldies Cymru								88,500	75,000
Grange Pavilion									100,000

Donations								(Continued)
Gwasanaeth Cynnal	Gofalwyr			ICarers	Outreach
Service							25,000
Hafan Cymru							54,000
Homeless World Cup Foundation								50,000
Huggard							80,000	80,000
Hybu Limited							30,000	42,500
Inspire Fitness Merthyr							31,000	5,000
Llamau							35,000
Make-A-Wish Foundation							25,000
Mental Health Football - FAW				Trust			28,000
Menter Cwm Gwendraeth		Elli					20,000
Monumental Welsh	Women						25,000
Neath Port Talbot Carers Service							24,870
New Pathways							80,000
Oasis Cardiff							27,300	20,000
Old Mill Foundation							24,000
Perthyn							27,000
Port Talbot and Afan	Women's			Aid			23,000
Prime Cymru								307,784
PTAWA Enterprises	Limited						12,000	45,000
Purple Shoots							250,000
Race Council Cymru							32,730
RASASC, North Wales							30,000
RBLI							33,000
Re-engage							25,300
Rectorial Benefice of Upper Iswlyn							33,261
Resolven Building Blocks							27,570
RSPCA Llys Nini								50,000
Safer Wales							151,716	175,000
Shelter Cymru								26,890
SRCDC							39,000
St David's Diocesan	Council for Social				Responsibility		20,000
Starfish Alliance							28,000
The Bedwas, Machen, Michaelston-Y-Fedw						and Rudry
Parish Trust							24,000
The Big Issue							125,000
The Biscuit Fund							40,000
The British Red Cross							50,000	104,301
The Coalfields Regeneration			Trust				150,000
The Fem Partnership							12,000	67,000
The League ofFriends ofBrecon Hospital								150,000
The Poppy Factory							43,000	29,000
The Rhondda Calendar		Society					236,000
The Springboard Charity		8 Springboard			UK		30,322
The Wallich							150,000	320,084
Theatr Clwyd								86,100
Threshold DAS							20,753
toogoodtowaste							25,000
Trinity Childcare and	Family Centre						8,000	30,000
Tros Gynnal Plant							25,000

Donations				(Continued)
Twynyrodyn Community		Hub	39,840
Wales Millennium	Centre		50,000	75,000
Welsh Women's	Aid		54,855
Women's Aid - RCT			25,000
Wrexham Youth	and Play Partnership		21,571
Y Dref Werdd			26,544
Ystradowen Community		Centre CGYCC	22,502
			3,631,493	2,058,659
			2020	2019
			f.	f
Other
Acumen Fund			821,963
California Coalition for Rural Housing			123,967
Focusing Philanthropy			233,191
Goodheart Animal Sanctuary			33,150
INSP Foundation			50,000	50,000
Orchard Village				23,615
Less than f20,000each			3,517,689	350,542
			4,779,960	424,157
Total			15,837,285	11,652,823

The average monthly number ofemployees during	the year was:
	2020	2019
	Number	Number
Employment costs	2020	2019
	8	8
Wages and salaries	48,121	43,809
Social security costs	2,512	1,916
Other pension costs	3,800	2,300
	54,433	48,025

		Unrestricted	Unrestricted
		funds	funds
		2020	2019
		6
Revaluation	ofinvestments	80,816,181	6,582,715
Other gains	or losses
		Unrestricted	Unrestricted
		funds	funds
		2020	2019
		6
Foreign exchange gains		104,337	12,610

Fixed asset investments
	Listed	Cash in	Total
	investments 6	portfolio	f
Cost or valuation
At 1 December 2019	247,286,070	5,013,217	252,299,287
Additions	27,090,000		27,090,000
Valuation changes	80,816,181		80,816,181
Dealing account		9,862,608	9,862,608
Disposals	(15,209,251)		(15,209,251)
At 30 November 2020	339,983,000	14,875,825	354,858,825
Carrying amount
At 30 November 2020	339,983,000	14,875,825	354,858,825
At 30 November 2019	247,286,070	5,013,217	252,299,287

15	Creditors: amounts	falling due within one year
			2020f	2019 6
	Accruals and deferred	income	54,392	3,900

17	Cash generated from	operations	operations			2020	2019
						6	F
	Surplus for the year					108,426,674	34,858,366
	Adjustments for:
	Investment income recognised		in statement	offinancial	activities	(16421 845)	(15192109)
	Foreign exchange differences					(104,337)	(12,610)
	Fair value gains and losses on		investments			(80,816,181)	(6,582,715)
	Movements in working	capital:
	(Increase)/decrease in	debtors				(25,375)	340,812
	Increase in creditors					50,492
	Cash generated from	operations				11,109,428	13,411,744
18	Analysis ofchanges	in net funds
	The charity had no debt during		the year.