## ## ## |||Page| |---|---|---| |Trustees'
report||1-5| |Statement oftrustees'|responsibilities|| |Independent
auditor's|report|7-10| |Statement offinancial|activities|| |Balance sheet||12| |Statement
ofcash flows||13| |Notes to the financial|statements|14-27| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Company|number||7442773||| |---|---|---|---|---|---| |Charity number|||1139224||| |Trustees|and Directors||Diane Briere de I'Isle-Engelhardt||| ||||Henry Engelhardt||| ||||Louisa Scadden||| ||||Damien
Engelhardt||| ||||Adrian
Engelhardt||| ||||Shanna Briers de I'Isle Engelhardt||| ||||Tara Briers 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 Derw||| ||||Lime Tree Court||| ||||Cardiff Gate|Business Park|| ||||Cardiff||| ||||CF23 8AB||| |Bankers|||Lloyds Bank||| ||||4th Floor||| ||||10Canons Way||| ||||Harbourside||| ||||Bristol||| ||||BS15FL||| |Solicitors|||Withers
LLP||| ||||16Old Bailey||| ||||London||| ||||EC4M 7EG||| |Investment|Providem||Julius Baer||| ||||1 St Martin's|Le Grand|| ||||London||| ||||EC144AS||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Unrestricted| |---|---|---|---|---|---| |||||funds|funds| |||||2021|2020| ||||Notes|f|6| |~nc m~fgLi|||||| |Donations and
Investnnents|legacies||3
4|47,700,000
29,629,124|27,090,000
16,421,845| |Total income||||77,329,124|43,511,845| |gxXen if~n:|||||| |Charitable
activities|||5|18,189,161|15,901,352| |Net gains/(losses)
on investments|||9|8,555,000|80,816,181| |Net incoming|resources|||67,694,963|108,426,674| |Other recognised
gains and losses|||||| |Other gains or|losses||10|(339,014)|(104,337)| |Net movement|in funds|||67,355,949|108,322,337| |Fund balances|at 1 December 2020|||418,035,415|309,713,078| |Fund balances|at 30November|2021||485,391,364 418,035,415|| ## ## ## ## ## |||||2021||2020| |---|---|---|---|---|---|---| ||||Notes|K|8|| |Cash flows from operating|activities|||||| |Cash generated
from operations|||17|29,778,946||11,109,428| |Investing
activities||||||| |Purchase of investments
Proceeds on disposal of investments||||(47,700,000)|(27,090,000)
15,209,251|| |Investment
income received||||29,629,124|16,421,845|| |Net cash (used in)/generated||from||||| |investing
activities||||(18,070,876)||4,541,096| |Net cash used in financing|activities|||||| |Net increase in cash and cash||equivalents||11,708,070||15,650,524| |Cash and cash equivalents|at beginning||ofyear|77,648,557||61,998,033| |Cash and cash equivalents|at|end of|year|89,356,627||77,648,557| |Relating to:||||||| |Cash at bank and in hand
Short term deposits
included|in current|||8,954,601||3,753,979| |asset investments||||80,402,026||73,894,578| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||2021|2020| |---|---|---|---| |||6|| |Staffcosts||59,819|54,433| |Other costs||8,489|5,734| |Governance costs - audit fees||3,919|3,900| |||72,227|64,067| |Donations|(note 7)|18,116,934|15,837,285| |||18,189,161|15,901,352| ## ## |Donations|||| |---|---|---|---| |||2021|2020| |||8|6| |Children
&Young People|||| |Action for Children
Bamardo's||50,000
210,000|171,407
237,800| |Children ofthe Mekong
Duke of Edinburgh
Award Scheme
Eagle House Youth Development
Home-Start
Cymru for Families|CIC|29,995
59,000
274,781|30,000
30,000
11,970| |Hybu
Limited
Mary's Meals||750,000|30,000
750,000| |Milford Youth Matters
NSPCC
Plan International
UK||25,000
500,000
626,440|5,100
517,000
626,440| |Pontypridd
YMCA||150,000|| |Save the Children
Senghenydd
Youth Drop in Centre||291,883
36,000|357,940| |Starlight Children's
Foundation
Street Child
The Aloud Charity
Unicef||40,000
35,000|25,000
50,000
35,000
272,580| |Valleys Kids
Vibe Youth||137,000
50,000|30,000| |Wrexham
Youth & Play Partnership
YMCA Barry
Youth Shedz Limited||19,776
6,390
28,000|21,571
20,145| |||3,319,265|3,221,953| |Education|||| |College Bound (A Million Stars)
Early Years Wales
Eden Education Centre
Hilltop Schools Inc
INSEAD
Mudiad
Meithrin
Cyf
North Wales Science (Xplore)
Prisoners'
Education Trust
RESOLVEit CIO
Stay at School
University
of Michigan
UWC Atlantic College||37,261
111,668
115,303
151,500
82,758
229,000|41,580
30,000
21,730
441,990
118,098
50,000
20,276
69,260
87,000
75,000
93,359
272,210| |||727,490|1,320,503| ## ## ## |Donations||||| |---|---|---|---|---| |||||(Continued)| ||||2021|2020| ||||E|8| |Enivornment||||| |Anglesey SeaZoo & Marine Resource Centre
BBCStudios|||1,000,713|50,000| |Earth Restoration
Alliance dba Global Choices||||| |($200,000)|||149,197|| |Giraffe Conservation
Foundation|($100,000)||73,443|| |Global Feedback Ltd
Greenpeace
Grow Cardiff
Manor Wildlife Park
Mount Elgon Foundation
National
Zoological Society ofWales
Oceana Inc
Surfers Against Sewage
The Orchard Project
The Wildlife Trust ofSouth and West Wales
The Wye & Usk Foundation
Wales Ape and Monkey Sanctuary
Ltd
WWF- UK|||150,000
29,873
50,000
50,000
250,000
30,000
88,456
50,000
127,400|50,273
150,000
18,576
50,000
25,800
50,000
250,000
30,000
83,145
35,000
35,000
50,000
90,000| ||||2,049,082|967,794| |Health||||| |Alzheimer's
Society
AP Cymru - The Autism
Charity|||59,000
41,452|| |ASD Rainbows
Aspire
Auditory
Verbal UK
Beat (Eating Disorders Association)
Breast Cancer Now
Brecon and District Mind|||31,081
34,905
40,000|30,712
32,381
112,116
40,378| |British Heart Foundation
Centre ofSign-Sight-Sound
Cerebral Palsy Cymru
City Hospice|||113,000
29,727
72,151|100,000
73,875| |CLIO Sargent
Conwy Mind|||42,987|53,527| |Dementia
UK
Elton John Aid Foundation
(EJAF)
Hospice ofthe Valleys|||25,000
50,000
28,040|50,000| |Focusing
Philanthropy
Inc (Edna Aden Hospital||||| |Foundation,
Maya Health Alliance|&|The END Fund)||233,191| |Inspiring
Hope (Inspire Merthyr)
Llanelli
Mind
Macmillan
Cancer Support
Maggie's|||25,000
110,000
57,000|31,000
20,000
100,000| ## ## ## |Donations||||| |---|---|---|---|---| |||||(Continued)| ||||2021|2020| ||||6|6| |Marie Curie
Mental
Health Football
in Wales
Mind
Mind Monmouthshire
Mind Neath Port Talbot
Moondance
Cancer Initiative
Multiple Sclerosis Society
Multiple Sclerosis Trust|||14,130
25,000
33,815
746,000
53,000|50,449
28,000
109,540
20,000
25,028
120,000
21,116| |Nightingale
House Hospice
North Wales Recovery Communities
PreventEd
(formally
NCADA)
Ray of Light W'ales Cancer Support|||28,749
21,840
37,277
35,626|4,900
3,326
41,580| |Recovery Cymru
Community
Rowan Tree Cancer Centre
Royal Osteoporosis
Society
St David's Hospice
StKentigem
Hospice|||23,892
50,000
25,000
39,078
100,000|30,000| |Steps2Recovery
Teenage Cancer Trust
Tenovus Cancer Care
The Autism
Directory
The END Fund ($1,000,000)
The Hydration
Foundation
Touch Trust
Ty Hafan
Ty Hapus CIO
Velindre
University
NHS Trust
Welsh Centre forAction on Dependency|and Addiction|Limited|40,000
46,500
105,000
24,000
730,066
24,616
41,000
100,000|40,000
45,554
11,150
25,000
8,950
30,000
170,000
549,950
35,250| ||||3,103,932|2,246,973| |Other Causes in Wales||||| |2 Wish Upon a Star
Aber Food Surplus|||36,400|58,400| |Aberconwy
Domestic Abuse Service
Aberystwyth
University - Dewis Choice|||105,000|37,839| |Accessibility
Powys
ACE - Action in Caerau and Ely
Action for Elders Trust
Afan Community
Fitness Suite
Age Cymru Gwynedd
&Mon
Age Cymru
Powys
Age Cymru West Glamorgan
Arts &Business Cymru
Atal YFro|||24,460
20,000
50,000
33,920
31,064
50,000
38,338|22,658
12,000
20,478
30,000
110,000
39,476| ## ## ## |Donations||||||(Continued)| |---|---|---|---|---|---|---| ||||||2021|2020| ||||||f|6| |AVOW (Association
ofVoluntary
Organisations|||in|||| |Wrexham)
Benefice ofUpper Islwyn|||||34,261|39,430| |Boomerang
Cardiff
Bridge The Gap for SAME Community
(Daughters||||ofthe|233,000|34,276| |King)|||||28,742|| |Bridgend Carers Centre
Caerau Development
Trust
Calan Domestic Violence Services
Cambrian
Village Trust Ltd|||||29,000
30,620
44,636
46,600|12,000
21,481| |Can Cook
Canolfan
Gymunedol
Ystradowen
Community|||Centre||167,000|30,000| |CGYCC|||||22,072|| |Canolfan
Pentre CIO
Cardiff Women's
Aid
Care & Repair North East Wales
Central Beacons Mountain
Rescue Team
Chapter Cardiff Ltd
CitizensAdvice
Caerphilly
Blaenau Gwent|||||38,680
43,154
30,000
26,359|46,608
45,568
22,865
22,410
120,977| |Citizens Advice Cardiff and Vale
Clore Social Leadership
Club 707
Cruse Bereavement
Care|||||62,367
30,000
61,686|29,015| |Cymunedau'n
Ymlaen
Mon Communities
Forward
Cyngor ar Bopeth Cylch Conwy District Citizens Advice||||||59,750| |Bureau|||||22,970|| |Cyngor ar Bopeth Powys Citizens Advice|||||28,375|| |Dal Dy Dir|||||22,210|| |Dogs Trust
Domestic Abuse Safety Unit North Wales|(DASU)||||47,023
49,890|49,890| |Duffryn
Community
Links
Enfys Foundation
Follow Your Dreams
Food Redistribution
Wales Ltd T/A FareShare
Cymru
FoodShare
North Wales CIC
Friends of Pedal Power Project Ltd
Galerii Caernarfon
Cyf
Gathering
Place
Gisda
Glenwood
Church
Goldies Cymru
Gwasanaeth
Cynnal
Gofalwyr/
Carers Outreach
Service
Hafan Cymru
Hafren Theatre (part ofthe NPTC Group ofColleges)|||||28,000
25,000
7,275
123,000
34,000
25,000
20,000
50,000
75,900
43,382
1,000
35,000|46,000
10,000
21,798
31,340
25,000
21,600
100,000
88,500
25,000
54,000| |Hay Castle Trust|||||150,000|| |Hope Ministries
Cwmbran|||||25,000|| |Horn Development
Association
CIC|||||28,000|| |Huggard|||||126,401|80,000| ## ## ## |Donations|||||| |---|---|---|---|---|---| ||||||(Continued)| |||||2021|2020| ||||||6| |KIM Inspire||||23,000|| |Live Music Now Wales||||21,320|10,000| |Llamau
Make-A-Wish
Foundation||||75,659|35,000
25,000| |Menter Cwm Gwendraeth
Elli|||||20,000| |Montgomeryshire
Family Crisis Centre||||37,889|3,000| |Monumental
Welsh Women|||||25,000| |Music in Hospitals
&Care||||58,751|18,404| |Nantymoel
Amateur
Boxing Club||||30,000|| |National
Literacy Trust
Neath Port Talbot Carers Service
Neuadd
Goffa Penmachno
(Penmachno||Village||24,970|9,968
24,870| |Institute)||||25,000|| |New Pathways
NoFit State Circus||||82,411
60,000|80,000| |Oasis Cardiff
Parish of Porthkerry,
Rhoose & Penmark||||33,750
30,000|27,300| |Parish ofStThomas and Kilvey
PAVO (Powys Association
ofVoluntary|Organisations)|||30,802
47,013|8,000| |People and Work Unit||||28,500|| |Perthyn
Phoenix Domestic Abuse Services||||42,277|27,000
16,284| |Poppy Factory RBL||||43,738|| |Port Talbot and Afan Women's Aid (Thrive
PRIME Cymru||Women' sAid)||26,381
50,000|23,000| |PTAWA Enterprise
Ltd (Thrive Group Wales)
Purple Shoots
Race Council Cymru
RASASC, North Wales
RBLI
RCS (Rhyl City Strategy)||||22,440
250,000
30,000
71,336|12,000
250,000
32,730
30,000
33,000| |Rectorial Benefice ofUpper Islwyn
Re-engage
Relate||||52,818|33,261
25,300| |Resolven
Building Blocks
Safer Merthyr
Tydfil
Safer Wales
Social Firms Wales||||25,353
27,725
125,000
30,000|27,570
18,781
151,716| |South Riverside
Community
Development||Centre||30,000|39,000| |Span Arts
Spectacle Theatre
Ltd||||24,500
28,543|5,000| |Sported Foundation
St David's Diocesan Council for Social Responsibility:||||40,000|| |Plant Dewi
StGiles Trust
StJohn Ambulance
Cymru||||37,032
25,686
42,308|20,000
6,160| |Stephens and George Centenary
Charitable
Swansea
Music Art Digital|||Trust|35,000
25,000|10,000
7,500| ## ## |Donations|||||| |---|---|---|---|---|---| ||||||(Continued)| |||||2021|2020| |||||6|| |Swansea Women's Aid||||58,243|| |The Armed Forces Bikers Veterans|Charity|||30,000|| |The Bedwas, Machen, Michaelston-y-Fedw|||& Rudry||| |Parish Trust|||||24,000| |The Big issue
The Biscuit Fund||||194,350
45,000|125,000
40,000| |The Bridge Mentoffing
Plus Scheme
The British Red Cross
The Coalfields Regeneration
Trust
The Community
Cafe (affiliated to Father's
The Fern Partnership|||place )|38,396
10,000
23,980|15,120
50,000
150,000
8,000
27,351| |The Hwb Torfaen
The Old Mill Foundation
The Poppy Factory
The Queens
Hall Narberth||||25,200
15,000
33,072|19,281
24,000
43,000| |The Rhondda
Calendar Society
The Springboard
Charity
&Springboard
The Starfish Alliance
The Wallich
Theatre Development
Trust - THEATRE||UK
ARTISTS||22,500
150,000|236,000
30,322
28,000
150,000| |FUND||||68,000|| |Threshold
DAS|||||20,753| |toogoodtowaste|||||25,000| |Tros Gynnal
Plant|||||25,000| |Tumble
Family Centre||||23,352|| |Twynyrodyn
Community
Hub||||54,050|39,840| |Urdd Gobaith
Cymru||||24,000|| |Vision of Hope||||27,000|| |Voluntary
Arts Wales||||27,166|| |Wales Millennium
Centre
Welsh Dance Theatre Trust||||50,000|50,000| |T/A Rubicon Dance||||24,300|| |Welsh Housing Aid (t/a Shelter Cymru)||||49,924|| |Welsh Refugee Council
Welsh Women's
Aid
Women's Aid RCT||||25,000|13,306
54,855
25,000| |Y Dref Werdd|||||26,544| |YHA (England
and Wales)||||48,558|| |Ystradowen
Community
Centre CGYCC|||||22,502| |||||5,046,078|3,696,077| ## ## |6|Donations||(Continued)| |---|---|---|---| |||2021|2020| |||6|| ||Other||| ||Acumen
Fund, Inc
California
Coalition of Rural Housing
Goodheart Animal Sanctuary
INSP Foundation
The Freedom
Fund US
Less than 620,000each|110,197
50,000
1,000,000
2,710,891|821,963
123,967
33,150
50,000
3,354,906| |||3,871,088|4,383,986| ||Total|18,116,934|15,837,285| ## ## |Number ofemployees
The average
monthly
number ofemployees
during|the year was:|| |---|---|---| ||2021|2020| ||Number|Number| |Employment
costs|2021|2020| ||6|6| |Wages and salaries
Social security costs
Other pension costs|52,260
2,059
5,500|48,121
2,512
3,800| ||59,819|54,433| ## ## ## |Unrestricted|Unrestricted| |---|---| |funds|funds| |2021|2020| |8,555,000|80,816,181| ## |Unrestricted|Unrestricted| |---|---| |funds|funds| |2021|2020| |8|| |339,014|104,337| ## ## ## ||Listed|Cash in|Total| |---|---|---|---| ||investments|portfolio|| |Cost or valuation|6||| |At 1 December 2020
Additions
Valuation changes
Dealing account|339,983,000
47,700,000
8,555,000|14,875,825
-
(10,738,055)|354,858,825
47,700,000
8,555,000
(10,738,055)| |At 30 November 2021|396,238,000|4,137,770|400,375,770| |Carrying
amount|||| |At 30November 2021|396,238,000|4,137,770|400,375,770| |At 30 November 2020|339,983,000|14,875,825|354,858,825| ## |Financial instruments|||||2021|2020| |---|---|---|---|---|---|---| |Carrying
amount offinancial assets|||||6|6| |Instruments
measured|at fair value through||profit|or loss|472,502,256|339,983,000| |Debtors||||||| |Amounts
falling due|within|one year:|||2021
6|2020
6| |Other debtors|||||216,250|458,250| |Contained
in other debtors
6192,750).||above are amounts||due within|more than one year totalling
887,750 (2020:|| |Current asset investments||||||| ||||||2021|2020| ||||||6|| |Listed investments|||||76,264,256|59,018,753| ## ## ## ## ## |2021|2020| |---|---| |6|f| |419,513|54,392| ## ## ||generae
rom operati|ons||2021|2020| |---|---|---|---|---|---| |||||6|| ||Surplus for the year|||67,694,963|108,426,674| ||Adjustments
for:||||| ||Investment
income recognised
Foreign exchange ditferences
Fair value gains and losses on|in statement
investments|offinancial activities|(29,629,124)
(339,014)
(8,555,000)|(16,421,845)
(104,337)
(80,816,181)| ||Movements
in working
capital:||||| ||Decrease/(increase)
in debtors
Increase
in creditors|||242,000
365,121|(25,375)
50,492| ||Cash generated
from operations|||29,778,946|11,109,428| |18|Analysis ofchanges
in net funds||||| ||The charity had no debt during|the year.||||