2022-11-30-accounts - Moondance Foundation

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		Page
Trustees' report		1-5
Statement oftrustees'	responsibilities
Independent auditor's	report
Statement offinancial	activities	10
Balance sheet
Statement ofcash flows		12
Notes to the financial	statements	13-26

Reference	Reference	and Administrative	and Administrative
Company		number		7442773
Charity	number			1139224
Trustees	and Directors			Diane Briere	de I'Isle-Engelhardt
				Henry Engelhardt
				Louisa Scadden
				Damien Engelhardt
				Adrian Engelhardt
				Shanna Briere de I'Isle Engelhardt
				Tara Briere de I'Isle Engelhardt
Key management			personnel	Rebecca Watkins - Foundation		Director
Auditor				Azets Audit Services
				Ty Derw
				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
				16 Old Bailey
				London
				EC4M 7EG
Investment		Providers		Julius Baer
				1 St Martin's	Le Grand
				London
				EC144AS

						Unrestricted	Unrestricted
						funds	funds
						2022	2021
					Note	f'	F
					s
Lnn;~mf~rm:
Donations and	legacies						47,700,000
Investments						32,218,673	29,629,124
Total income						32,218,673	77,329,124
Ex enditure on:
Charitable activities						20,961,863	18,189,161
Net gains/(losses)		on investments			9	(124,754,000)	8,555,000
Net (outgoing)/incoming			resources			(113,497,190) 67,694,963
Other recognised		gains	and losses
Other gains or	losses				10	93,839	(339,014)
Net movement	in	funds				(113,403,351) 67,355,949
Fund balances	at 1 December 2021					485,391,364	418,035,415
Fund balances	at	30 November		2022		371,988,013	485,391,364

				2022	2021
			Notes
Fixed assets
Investments				280,403,650	400,375,770
Current assets
Debtors			13	216,250	216,250
Investments			14	90,096,248	76,264,256
Cash at bank	and in	hand		1,866,412	8,954,601
				92,178,910	85,435,107
Creditors: amounts		falling due within
one year			15	(594,547)	(419,513)
Net current assets				91,584,363	85,015,594
Total assets	less current liabilities			371,988,013	485,391,364
Income funds
Unrestricted	funds			371,988,013	485,391,364
				371,988,013	485,391,364

						2022	2021
				Notes
Cash flows from operating		activities
Cash (absorbed by)/generated		from		17
operations						(20,692,990)	29,778,946
Investing activities
Purchase of investments							(47,700,000)
Investment income received					32,218,673		29,629,124
Net cash generated from/(used			in)
investing activities						32,218,673	(18,070,876)
Net cash used in financing		activities
Net increase in cash and cash			equivalents			11,525,683	11,708,070
Cash and cash equivalents	at beginning			ofyear		89,356,627	77,648,557
Cash and cash equivalents		at	end of	year		100,882,310	89,356,627
Relating to:
Cash at bank and in hand						1,866,412	8,954,601
Short term deposits included		in current		asset
investments						90,096,248	76,264,256
Cash balances held in investment			portfolio			8,919,650	4,137,770

		Total	Unrestricted
			funds
		2022	2021
			F
Donated	shares		47 700 000

		Unrestricted	Unrestricted
		funds	funds
		2022	2021
			F
Dividend	income	31,327,000	29,393,000
Bank and	other interest received	891,673	236,124
		32,218,673	29,629,124

		2022	2021
Staff costs		69,950	59,819
Other costs		8,280	8,489
Governance	costs - audit fees	3,654	3,919
		81,884	72,227
Donations	(note 6)	20,879,979	18,116,934
		20,961,863	18,189,161

Donations
		2022	2021
Children &Young People
Action for Children		35,000	50,000
Barnardo's		220,000	210,000
Canolfan Plant Jig-So Children's	Centre	22,810
Children ofthe Mekong		30,000
Clybiau Plant Cymru Kinds Club		25,000
Duke of Edinburgh Award Scheme			29,995
Eagle House Youth Development	CIC		59,000
Fishguard and Goodwick Young	Persons Trist (POINT)	21,540
Home-Start Cymru for Families			274,781
Milford Youth Matters			25,000
NSPCC		500,000	500,000
Pontypridd YMCA			150,000
Save the Children		295,312	291,883
Senghenydd Youth Drop in Centre			36,000
Starlight Children's Foundation			40,000
Stephans 8 George Charitable Trust		35,000	35,000
Swansea Art Music Digital		25,000	25,000
The Aloud Charity		35,000	35,000
Valley Kids			137,000
Vine Youth		36,000	50,000
Youth Shedz Limited			28,000
		1,280,662	1,976,659
Education
Cadoxton Primary School		45,000
College Bound (A Million Stars)		38,954	37,261
Empower-Be The Change		34,356
Hilltop Schools Inc			111,668
INSEAD		107,450	115,303
Place2Be		160,580
Plan International UK (Wales)		293,442
RESOLVEit CIO		160,000	151,500
Stay at School		30,000
Tape Community Misic & Film		30,604
University of Michigan		93,496	82,758
UWC Atlantic College		253,500	229,000
		1,247,382	727,490
Environment
BBCStudios		999,777	1,000,713
Cynnal Cymru - Sustain Wales		24,000	9,399
Earth Restoration Alliance dba Global Choices		313,258	149,197
Giraffe Conservation Foundation	($100,000)	83,986	73,443
Global Feedback Ltd		35,000

Donations								(Continued)
							2022	2021
Greenpeace UK							500,000	150,000
Grow Cardiff							35,637	29,873
International Animal Rescue							100,000
Manor Wildlife Park								50,000
Mount Elgon Foundation							30,000
National Zoological Society			ofWales					50,000
Oceana Inc							250,000	250,000
Save the Children Green		Climate			Fund Ethiopia		116,667
Surfers Against Sewage							100,000	30,000
The Orchard Project							92,697	88,456
The Wildlife Trust ofSouth			and West Wales					50,000
The Woodland Trust							47,950
WWF - UK							257,197	127,400
							2,986,169	2,058,481
Health
Alzheimer's Society								59,000
AP Cymru - The Autism		Charity						41,452
Aspire							32,000	31,081
Auditory Verbal UK								34,905
Brainstrust							25,000
Brecon and District Mind								40,000
Bridgend Carers Centre							35,000	29,000
British Heart Foundation							100,000	113,000
Centre ofSign-Sight-Sound								29,727
Cerebra							23,436
Cerebral Palsy Cymru							97,275	72,151
Conwy Mind							26,182	42,987
Cruse Bereavement Support				Cymru			53,065	61,686
Dementia UK							25,000	25,000
Elton John Aid Foundation			(EJAF)				50,000	50,000
Hospice ofthe Valleys							39,100	28,040
Hywel Dda Health Charities			-	Bronglas Chemo		Unit	300,000
Inspiring Hope (Inspire	Merthyr)						25,000	25,000
KIM Inspire							25,500	23,000
Macmillan Cancer Support							200,000	110,000
Maggie's Centre							62,000	57,000
Mental Health Football	in Wales						25,000	14,130
Mid 8 North Powys Mind							75,805	10,897
Mind Monmouthshire								25,000
Mind Neath Port Talbot								33,815
Moondance Cancer Initiative							1,445,000	746,000
Multiple Sclerosis Trust								53,000
Nightingale House Hospice							25,000	28,749
North Wales Recovery	Communities							21,840
PreventEd (formally NCADA)							38,948	37,277
Ray of Light Wales Cancer			Support					35,626
Recovery Cymru Community								23,892


Donations							(Continued)
						2022	2021
Rowan Tree Cancer Centre						50,000	50,000
Royal Osteoporosis Society						25,000	25,000
St David's Hospice Care (N Wales)							39,078
StJohn Ambulance Cymru						70,077	42,308
St Kentigern Hospice						50,000	100,000
Steps2 Recovery						40,000	40,000
Teenage Cancer Trust						49,109	46,500
Tenovus Cancer Care							105,000
The Autism Directory							24,000
The END Fund ($1,000,000)						840,054	730,066
The Fatham Trust						31,500
The Hydration Foundation						25,000
Touch Trust							24,616
Ty Ellis						27,078
Ty Hafan						30,000	41,000
Ty Hapus CIO						100,000	100,000
Velindre University NHS Trust						30,000
Wales Air Ambulance						35,000
Yab Group Ltd- The Yab Hub- Wrexham						36,000
						4,167,129	3,270,823
Causes in Wales
Aber Food Surplus							36,400
Aberystwyth University	- Dewis Choice						105,000
Accessibility Powys							24,460
Action for Elders Trust						50,000	50,000
Age Cymru Powys							33,920
Age Cymru West Glamorgan							31,064
Arts 8 Business Cymru						50,000	50,000
Arts Factory (RCT)						30,000
Atal YFro							38,338
Awel Aman Tawe						100,000
Baobab Bach CIC						134,853
Benefice of Upper Islwyn							34,261
Boomerang Cardiff							233,000
Breacon Mountin Rescue Team						50,000
Bridge The Gap for BAME Community			(Daughters		ofthe
King)							28,742
British Red Cross						91,321
Bridgend Carers Centre
Caerau Development Trust							30,620
Calan Domestic Violence Services							44,636
Cambrian Village Trust	Ltd						46,600
Can Cook						96,050	167,000
Canolfan Gymunedol Ystradowen		Community		Centre
CGYCC							22,072
Canolfan Pentre CIO						30,000	38,680


Donations									(Continued)
								2022	2021
Cardiff Women's Aid								64,138	43,154
Carers Trust Crossroads	West			Wales				34,937	9,000
Chapter Cardiff Ltd								30,000	30,000
Citizens Advice Caerphilly		Blaenau Gwent							26,359
Citizens Advice Cardiff and			Vale						62,367
Citizens Advice Cymru								926,846
Clore Social Leadership									30,000
Community Foundation	Wales			(Nation of	Sanctuary
Croeso Fund)								50,000
Cwmni'r Fran Wen								49,198
Cyngor ar Bopeth Cylch	Conwy			District Citizens			Advice
Bureau									22,970
Cyngor ar Bopeth Powys		Citizens Advice						21,188	28,375
Dal Dy Dir									22,210
Dewis Choice (Aberystwyth			University)					90,612
Dogs Trust								99,997	47,023
Domestic Abuse Safety	Unit North Wales				(DASU)			49,890	49,890
Emmaus South Wales								26,520
Enfys Foundation									25,000
Follow Your Dreams									7,275
Food Redistribution Wales			Ltd T/A FareShare			Cymru		121,050	123,000
Food Cycle								30,000	15,329
FoodShare North Wales	CIC								34,000
Galeri Caernarfon Cyf								25,000	25,000
Gisda									50,000
Goldies Cymru								62,500	75,900
Gwasanaeth Cynnal Gofalwyr/				Carers Outreach			Service		43,382
Hafan Cymru								30,000	1,000
Hafren Theatre (part ofthe			NPTC Group		ofColleges)				35,000
Hay Castle Trust									150,000
Hope Ministries Cwmbran								8,000	25,000
Horn Development Association				CIC				25,000	28,000
Hug gard								240,000	126,401
Islwyn Minstry Area - Rhymney				Foodbank				37,000
Kings Church: Jesus Cares			Project					200,000
Live Music Now Wales									21,320
Llamau								75,659	75,659
Manage Money Wales CIC								25,979
Montgomeryshire Family		Crisis		Centre					37,889
Music in Hospitals 8 Care									58,751
Nantymoel Amateur Boxing			Club						30,000
National Literacy Trust									24,970
Neuadd Goffa Penmachno			(Penmachno		Village		Institute)		25,000
New Pathways									82,411
NoFit State Circus									60,000
NW Nappy Collaborative		CIC						28,000
Oasis Cardiff									33,750
Parish of Porthkerry, Rhoose 8				Penmark					30,000
Parish ofStThomas and		Kilvey							30,802


Donations								(Continued)
							2022	2021
PAVO (Powys Association ofVoluntary				Organisations)			24,180	47,013
Pembrokeshire Fream							39,236
People and Work Unit							35,000	28,500
Phoenix Domestic Abuse Services							56,720	42,277
Poppy Factory RBL								43,738
Port Talbot and Afan Women's		Aid (Thrive Women's				Aid)		26,381
PRIME Cymru							140,000	50,000
PTAWA Enterprise Ltd	(Thrive	Group Wales)						22,440
Purple Shoots							240,000	250,000
RASASC, North Wales							29,960	30,000
RCS (Rhyl City Strategy)								71,336
RCT Domestic Abuse Services							25,000
Relate							52,818	52,818
Resolven Building Blocks								25,353
Safer Merthyr Tydfil							24,182	27,725
Safer Wales							150,000	125,000
Shared Lives Plus							46,414
Sherman Theatre							40,170
Social Firms Wales								30,000
Span Arts								24,500
Spectacle Theatre Ltd								28,543
Sported Foundation							50,000	40,000
St David's Diocesan Council for Social Responsibility:
Plant Dewi								37,032
St Giles Trust								25,686
St Gwladys Church Hall							26,000
Street Football Wales							40,000
Struggles 2 Smile							24,000
Support Through Court							35,000	10,000
Swansea Women's Aid								58,243
TCC (Together Crating	Communities/Trefnu				Cymunedol
Cymru)							24,000
The Armed Forces Bikers Veterans			Charity					30,000
The Big Issue							69,398	194,350
The Biscuit Fund								45,000
The Bridge Mentoring	Plus Scheme							38,396
The Community Cafe (affiliated to			Father's place )					23,980
The Costar Partnership							36,000
The Gathering Place							23,000	20,000
The Hwb Torfaen								25,200
The Old Mill Foundation								15,000
The Queens Hall Narberth								33,072
The Royal British Legion Poppy Factory							44,683
The Springboard Charity 8 Springboard				UK				22,500
Theatre Clwyd							1,500,000
Theatre Development	Trust - THEATRE			ARTISTS FUND			36,000	68,000
Threshold DAS							54,006
Trussell Trust							455,000
Tumble Family Centre								23,352

Donations			(Continued)
Twynyrodyn Community	Hub		54,050
Urdd Gobaith Cymru			24,000
ValePlus Cymru and Vale Extra		30,000	6,600
Vision of Hope			27,000
Voluntary Arts Wales			27,166
Wales Millennium Centre		50,000	50,000
Welsh Dance Theatre Trust
T/A Rubicon Dance		104,374	24,300
Wallich Clifford Community		292,287	150,000
Welsh Housing Aid (t/a Shelter Cymru)			49,924
Welsh Refugee Council			25,000
YHA (England and Wales)			48,558
		6,781,166	4,783,013


Donations								(Continued)
							2022	2021
International		development		and humanitarian		aid
Mary's Meals							750,000	750,000
Plan International							626,440	626,440
Unicef (Madagascar			Eco-Village)				399,330
Welsh Aid	for	Ukraine	(WAFU)				85,000
							1,860,770	1,376,440
							2022	2021
Other
California	Coalition of Rural			Housing				110,197
The INSP	Foundation		(International		Network of	Street
Papers)							100,000	50,000
The Freedom		Fund US					1,000,000	1,000,000
Less than	f20,000 each						1,456,701	2,763,832
							2,556,701	3,924,029
Total							20,879,979	18,116,934

The average	monthly number ofemployees during th	e year was:
		2022	2021
		Number	Number
Employment	costs	2022	2021
Wages and salaries		65,733	57,760
Social security costs		4,217	2,059
		69,950	59,819

2022	2021
Number	Number

Unrestricted	Unrestricted
funds	funds
2022	2021
	F
(124,754,000)	8,555,000

Unrestricted	Unrestricted
funds	funds
2022	2021
	F
93,839	(339,014)

Fixed a	sset inve	stments
			Listed	Cash in	Total
			investments	porffolio
			F
Cost or	valuation
At 1 December 2021			396,238,000	4,137,770	400,375,770
Valuation	changes		(124,754,000)		(124,754,000)
Dealing	account			4,782,594	4,782,594
At 30 November		2022	271,484,000	8,920,364	280,404,364
Carrying	amount
At 30 November		2022	271,484,000	8,920,364	280,404,364
At 30 November		2021	396,238,000	4,137,770	400,375,770


12	Financial		instruments			2022	2021
	Carrying	amount of		financial assets
	Instruments		measured	at fair value through	profit or loss	361,580,248	472,502,256
13	Debtors
						2022	2021
	Amounts		falling due	within one year:
	Other debtors					216,250	216,250

		2022	2021
Listed	investments	90,096,248	76,264,256

Creditors: amounts falling due within one y	ear
	2022	2021
	K
Accruals	594,547	419,513

17	Cash generated from operations	Cash generated from operations			2022	2021
	(Deficit)/surpus for the year				(113,497,190)	67,694,963
	Adjustments for:
	Investment income recognised	in statement	offinancial	activities	(32,218,673)	(29,629,124)
	Foreign exchange differences				93,839	(339,014)
	Fair value gains and losses on	investments			124,754,000	(8,555,000)
	Movements in working capital:
	(Increase)/decrease in debtors					242,000
	Increase in creditors				175,034	365,121
	Cash (absorbed by)/generated	from operations			(20,692,990)	29,778,946
18	Analysis ofchanges in net funds
	The charity had no debt during	the year.