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|||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|
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|Reference|and Administrative|and Administrative|Details||||
|---|---|---|---|---|---|---|
|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|||
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||||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|
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||||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|
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|||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|
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||||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|
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|6|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|
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|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|
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|8|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|
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|8|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||
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|6|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|
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|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|
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|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|
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|15|Creditors: amounts|falling due within one year|||
|---|---|---|---|---|
||||2020f|2019
6|
||Accruals and deferred|income|54,392|3,900|
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|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.|||||
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