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← Williams Brown Hill Charitable Incorporated Organisation

2025-03-31-accounts

‘

REGISTERED CHARITY NUMBER: 1157627

REPORT OF THE TRUSTEES AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR

WILLIAMS BROWN HILL CHARITABLE INCORPORATED ORGANISATION

Xeinadin Audit Limited Statutory Auditors and Chartered Accountants 24 Lammas Street Carmarthen Carmarthenshire SA31 3AL

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WILLIAMS BROWN HILL CHARITABLE INCORPORATED ORGANISATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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Report of the Trustees | to 7
Report of the Independent Auditors 8 to 1l
Statement of Financial Activities 12
Balance Sheet 13
Notes to the Financial Statements 14 to 19
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. WILLIAMS BROWN HILL CHARITABLE INCORPORATED ORGANISATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the Williams Brown Hill ClO are for the public benefit, such purposes which are exclusively charitable according to the Jaw in England and Wales, as the charity and Trustees in their absolute discretion shall determine from time to time. The objective of the Williams Brown Hill Charitable Incorporated Organisation is to provide funds to worthy causes primarily in Wales. The objectives and aims are to support and assist other charities by way of financial donations and non-registered bodies including individuals and organisations, again for worthy purposes including, but not limited to, education, personal development and for causes which will assist the education, personal and social advancement of the wider community.

The charity attracts applications from the local and wider community and upon review of the applications, generally quarterly, the Trustees will review the applications on their merits and decide on the level of donation to be granted, if any.

A review of finances shows that despite the charity having distributed over £1.17m since its formation, the investments held by the charity were still over £1 million out of the £1.8 million originally invested. Whilst the Trustees appreciate that there is of course the issue of inflation the financial position is in line with the charity's policy on reserves as set out below.

Public benefit

The Trustees confirm that they have complied with the duty in Section 17(5) of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. Significant actives that were undertaken during the year demonstrate public benefit and are set out in the following pages.

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WILLIAMS BROWN HILL CHARITABLE INCORPORATED ORGANISATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

OBJECTIVES AND ACTIVITIES

Significant activities and achievements

During the period 1st April 2024 to the 31st of March 2025 the charity received 55 applications. The Trustees were mindful as to the sums to be distributed as the charity has a set capital sum and its only income will be from investments, the charity does not undertake any fundraising. The Trustees therefore were mindful of the necessity to make limited donations during the first few years in order to allow an opportunity for the investments to settle and income to be eamed, The strength of the market has however allowed the Trustees to make substantial donations during this period.

During the period 39 donations have been made to charities and other organisations amounting to £70,650. These gifts are broken down as follows;

1, Saint Teilo's Church

This is an application by the Church for £14,000 in donation to the Church Tower Installation. The Church is a land marked Church and the trustees are aware as to Mr Williams religious views. It is therefore a worthwhile cause. The Church however does have some funds and as such an award of £4,000 was agreed.

2. Llandeilo Pride

This is an application by the organisation of Llandeilo Pride. The march was first held last year and was successful and as such an award was agreed. Award made £1,000

3. Garreglwyd Home

This is an application by organisation for a holiday for 2 young person with complex needs. The organisation which was to take the young person on vacation in Wales with Carers. This is something the charity has previously supported. Award made £1,000

4, Glynhir Golf Club

This is an application by the Not for Profit Organisation for teaching aids to assist in developing the game of golf and making it available for everyone. Award made £500

5. St Cadogs Church

This is an application by the Church for cost of maintenance in a particular containing the cemetery. This of course Mr Williams Church. The charity has previously supported St Cadogs and have an award of £1,500 as agreed. Award made £1,500

6. Interact Stroke Support

This is an application for them to continue their good work at Cardiff Hospital. Award made £750

7. Capel Dewi Community Association

This is an application by the Association for various works at the Hall with regards to new heaters solar panels and so forth to make the Hail more user friendly more environmentally friendly more economic to run. The number of groups use the building and they are seeking to develop and increase this use and to increase community spirit and as such it is a worth while cause. Award made £5,000)

  1. Carmel Baptist Chapel. This is an application by the Chapel for just under £5,000 in donation to undertaking work to repair the Graveyard Wall. The Chapel has a reasonable congregation and is likely to have a significant life span. Over the Graveyard is of course likely to be open to the Public indefinitely if it is maintained and whilst the trustees had several reservations to the long term position an award was agree Award made £2,500

9. Ammanford Foodbank

This is an application by the organisation for costs associated with planning architect costs in relation to a new warehouse. The form has not set out the precise costs however it is clear they are a worthwhile cause and becoming increasingly important in the area. Award made £1,000

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WILLIAMS BROWN HILL CHARITABLE INCORPORATED ORGANISATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

OBJECTIVES AND ACTIVITIES

10. Dylan James- Brain Tumour Research Charity

Mr James ran two half marathon's in a marathon and seeking a donation towards his fundraising. As per paragraph one above this is something that the charity trustees often support and as such an award was agreed. Award made £1,000

11. Lowri Williams - Tenovus Cancer Care

This is an application by Lowri Williams who is undertaking the Swansea ironman. An award of £500 was agreed. Award made £500

12. Ammanford Evangelical Church

This is an application by the church for costs to assist running the charity shop although the amount claims aren't clear. Donation of £500 was agreed. Award made £500

13. Amman United.

This is an application by Amman United. Award made £5,000.

14. Elin Murphy - Tenovus Cance Care

This application is to assist Mrs Murphy in organising a number of concerts to raise funds. Award made £500.

15. Happy Days Children Charity

This is an application to assist funding leisure activities for disadvantaged children. The charity has previously given substantial funds to Happy Days although not since 2019. Award made £1,000

16. Carmarthen Breakthro' Caerfyrddin

This is an application by the organisation who assists disabled children for assistance with regards to the costs of updating its outdoor area. Award made £2,500

17. Ospreys Wheelchair Rugby

This is an application by the organisation for sports equipment. They have substantially received substantial funds from the charity previously but not since 202] and the trustees are aware they do good work in the community. Award made £7,500

18. Tycroes RFC

This is an application by the club for assistance with funding for floodlights. They have raised the majority of funds. The trustees did have concerns of the assets of the club however they are a viable organisation with quite a strong junior section and also developing 2 women's rugby team which would doa lot of work in the community. Award made £5,000.

19. Llofwr

This is an application by the Welsh language community magazine for equipment to continue running and expand with a website and database. The magazine is very popular and the locality with Welsh speakers. Award made £3,500.

20. Menter Dinefwr -

This is an application by the organisation with regards to billing costs and rumning costs. The organisation has previously had substantial monies from the charity, last in 2019 and the award of £1,000 was agreed.

21. Llandybie Community Council

This is an application by council for refurbishment of the tennis courts. The tennis courts are very popular in Llandybie and attract a number of children for lessons etc. Total award made £3,500

22. Ysgol Bro Dinefwr

This is an application by the school for just over £1,000 in relation to the mock bar trial. The school have been very successful in these mock trials and whilst the school has previously received monies from the charity, it was felt like this modest sum was justifiable. Total award made £1,000

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; WILLIAMS BROWN HILL CHARITABLE INCORPORATED ORGANISATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

OBJECTIVES AND ACTIVITIES

23. Lloyd Jones - Tenovus Cancer Care

Lloyd has done the Iron Man and an award of £300 was agreed.

24. Shadows Depression Support Group

This is an organisation that has previously been supported by the charity and is a worth while organisation and an award of £500 was agreed.

25. British Disabled Angling Association

This is an application by a charity who assists disabled people to keep active and meet new people and is a worthwhile cause and an award of £1500 was agreed.

26. Canolfan Gymunedol Ystradowen Community Centre

This is an award requested by the centre to expand it reaching the community. The centre is very active and assists a lot of people in the Ystradowen area. An award was agreed for £1,000.

27. Travelteer Impact - J Billingham

This is an application by Mrs Billingham in order for her to travel to Sri Lanka with regards to vaccinations. She is paying for the trip herself and is seeking the cost of vaccinations of £300. This was agreed.

28. Brecon Choir Festival

This is an application by the festival, similar to the Brecon Jazz Festival to bring music to the area and of course increases the towns revenue with regard to tourism and is a worthwhile cause. Award made £500.

29. Opera Dinas Abertawe

This is an application by the Opera to learn events to support the charity 'Many Sheds' a worthwhile cause. An award of £1,000 was agreed.

30. Ashmole & Co - Tenvous Cancer Care

This is an application by Ashmole on behalf of Tenvous with regards to their sponsored walk to raise money. £500 agreed.

31. Jac Davies

This is an application by Jac Davies to assist in funding in a wheelchair for him. After reading the application, it was clearly worthwhile cause and an award of £3,500 was agreed.

32. Look Gocd Feel Better

This is an application by Claire Hemmings on behalf of the charity 'Look Good Feel Better' which assist women who have suffered from Cancer, a worthwhile cause and an award of £1,000 was agreed.

33. Martin Smith

This is an application by Mr Martin Smith who is running the London Marathon raising money for Tenovus Cancer Care and award of £300 was agreed.

34, Jac Lewis Foundation

This is an application by the Jac Lewis Foundation/Ammanford AFC with regards to improvements at the ground, in particular, to provide toilet facilities so that the Jac Lewis Foundation can carry on providing counselling during winter months. The football club will of course also benefit from the facilities. They are seeking almost £10,000. After consideration, an award of £5,000 was agreed.

35. AVLC Staff

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WILLIAMS BROWN HILL CHARITABLE INCORPORATED ORGANISATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

OBJECTIVES AND ACTIVITIES

This is an application by staff who have undertaken a marathon walk to raise monies for charities being Sue Ladd and Friends, The Handout Wales and The Air Ambulance. An award of £500 was agreed.

36. Ysgol Llangadog

This is an application by the school with regards to the cost of "big maths" online program. Whilst there was concerns as to whether or not the local authority should be funding this, the trustees were also mindful as to Mr Williams' connection to the school and as such, an award of £1,000 was agreed.

37. Simon Stephenson - Morgan's Army

This is an application by Mr Stephenson who has run the Chicago marathon to assist with regards to Morgan's Army which assist the family of children who have been diagnosed with cancer. This is certainly a worthwhile cause and an award of £500 was agreed.

38. Llandeilo Literature Festival

This is an application by the festival for funding for up to £15,000. Their cost breakdown has been provided. Whilst the festival does bring in a lot of people into to town, the costs do seem very high and possibly, disproportionate. The trustees however do wish to support the festival to a degree and as such an award of £1,000 was made.

39. Penygroes RFC Sports Association

This is an application by the organisation with regards to undertaking some work at the ground. The club no longer has a Men's rugby team or juniors; however, it does have six teams for Merched Mynydd Mawr, two football teams and three cricket teams. There is need for work te be undertaken to assist and develop the ground to make it more attractive and viable, particularly with regards to developing the women's game in Wales and as such, an award of £2,000 was agreed.

Summary of the main achievements of the charity through the year

Please see the main activities section above. The charity has distributed the sum of £70,650 across a broad spectrum of the community assisting both the young and the elderly the disabled and abled bodied. Whilst there has been a concentration on local causes such as local sports club's national organisations have also benefited.

FINANCIAL REVIEW

Reserves policy

The charity relies upon the capital sum received from the estate of the late Mr J J Williams to raise income from investments. While the Trustees have the power to distribute some or all of the capital, the current view of the Trustees is that as much of the capital should be retained as possible in order that the charity may donate as much money as possibie for a lengthy period of time in order to create a lasting legacy.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Williams Brownhill is registered as a Charitable Incorporated Organisation (CIO). The charity is governed by a Constitution dated 27 June 2014.

Recruitment and appointment of new trustees

The trustees have regard to the skills, knowledge and experience needed for the effective administration of the CIO when selecting individuals for appointment 2s charity trustee. Trustees have been selected and appointed to ensure that the board has medical, research & development and design and ergonomics skills, all of which are considered to be vital to enable the CIO to achieve its charitable objectives.

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WILLIAMS BROWN HILL CHARITABLE INCORPORATED ORGANISATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The key risk to the charity is the downturn of the economy reducing the value of the investments held in shares. The shares are held in low to medium risk investments with an aim to maximise returns whilst minimising risk.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number 1157627

Principal address
Llys Cennen Solicitors
52 College Road
Ammanford
Carmarthenshire
SA18 3AG
Trustees
MrH
T
Rees
MrHO Davies
Mrs § L Howell
Auditors
XeinadinAuditLimited
Statutory Auditors and CharteredAccountants
24 Lammas Street
Carmarthen
Carmarthenshire
§A313AL

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the ‘Trustees and the tinancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the trustees to prepare financial statements for each financial year. Under that iaw, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

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WILLIAMS BROWN HILL CHARITABLE INCORPORATED ORGANISATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ii Approved by order ofthe board of trustees on aeLURE and signed on its behalfby:

. 1 Trustee

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WILLIAMS BROWN HILL CHARITABLE INCORPORATED ORGANISATION

Opinion

We have audited the financial statements of Williams Brown Hill Charitable Incorporated Organisation (the 'charity') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation ofthe financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WILLIAMS BROWN HILL CHARITABLE INCORPORATED ORGANISATION

Responsibilities of trustees

As explained more fully in the Statement of Trustees’ Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concer, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting untess the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

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t REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WILLIAMS BROWN HILL CHARITABLE INCORPORATED ORGANISATION

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

As aresult of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk ofmanagement override.

We also obtained an understanding of the legal and regulatory frameworks that the Charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Charities Act 2011.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Charity's ability to operate or to avoid a material penalty, These included compliance with Health and Safety legislation, Employment legislation and Data protection laws (including General Data Protection Regulation (GDPR)).

Audit response to risks identified

As a result of performing the above, we identified revenue recognition as a key audit matter related to the potential risk of fraud.

Our procedures to respond to risks identified included the following:

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WILLIAMS BROWN HILL CHARITABLE INCORPORATED ORGANISATION

We also communicated relevant identified laws, regulations, and potential fraud risks to all engagement team members and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports} Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Heh Alt til

Xeinadin Audit Limited

Statutory Auditors and Chartered Accountants

24 Lammas Street Carmarthen Carmarthenshire SA31 3AL

Date: ei TLE CMB.

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WILLIAMS BROWN HILL CHARITABLE INCORPORATED ORGANISATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

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|||||| |---|---|---|---|---| |31.3.25|31.3.24| |Unrestricted|Total| |fund|funds| |Notes|£|£| |INCOME AND ENDOWMENTS FROM| |Investment|income|2|13,332|11,180| |EXPENDITURE ON| |Raising|funds|3|6,326|6,358| |Charitable|activities| |Grant making|94,455|113,867| |Total|100,781|120,225| |Net gains|on|investments|26,575|67,210| |NET INCOME/(EXPENDITURE)|(60,874)|(41,835)| |RECONCILIATION|OF|FUNDS| |Total|funds brought forward|1,066,582|1,108,417| |TOTAL FUNDS CARRIED FORWARD|1,005,708|1,066,582|

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The notes form part of these financial statements

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WILLIAMS BROWN HILL CHARITABLE INCORPORATED ORGANISATION

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BALANCE SHEET

31 MARCH 2025

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|||||| |---|---|---|---|---| |31.3.25|31.3.24| |Unrestricted|Total| |£|£| |Notes|fund|funds| |CURRENT|ASSETS| |Investments|9|1,028,466|1,087,135| |Cash|at bank|1,234|2,188| |1,029,700|1,089,323| |CREDITORS| |Amounts|failing due within one year|10|(23,992)|(22,741)| |NET CURRENT ASSETS|1,005,708|1,066,582| |TOTAL ASSETS LESS CURRENT| |LIABILITIES|1,005,708|1,066,582| |NET ASSETS|1,005,708|1,066,582| |FUNDS|11| |Unrestricted|funds|1,005,708|1,066,582| |TOTAL FUNDS|1,005,708|1,066,582|

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The financial statements were approved by the Board of Trustees and authorised for issue on seteetsecerereesssenteeone and Were signed on its behalf by:

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MrH 0Davies - Trustee

Mr HT Rees - Trustee

The notes form part of these financial statements

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. WILLIAMS BROWN HILL CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

  1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS

The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’:

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably, Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

Grants offered subject to conditions which have not been met at the year end date are noted as 4 commitment but not accrued as expenditure.

RAISING FUNDS

The cost of raising funds consists of investment management costs.

CHARITABLE ACTIVITIES

Cost of charitable activities includes grants made, governance costs and support costs.

TAXATION

The charity is exempt from tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

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WILLIAMS BROWN HILL CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES- continued

CURRENT ASSET INVESTMENTS

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year.

The Trust does not acquire put options, derivatives or other complex financial instruments.

REALISED GAINS AND LOSSES

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investment are calculated as the difference between sale proceeds and their opening carrying value or their purchase price if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

  1. INVESTMENT INCOME

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|||| |---|---|---| |$1325|31.3.24| |£|£| |Investment income|13,332|11,180|

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||||| |---|---|---|---| |3.|RAISING|FUNDS| |INVESTMENT MANAGEMENT COSTS| |31.3.25|31,3,.24| |£|£| |Investment management|costs|6,326|6,358|

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|||| |---|---|---| |4,|GRANTS PAYABLE| |3133.25|31.3.24| |£|E| |Grant making|70,650|91,120|

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During the period ended 31 March 2025 the charity paid grants totalling £70,650 to institutions and £nil to individuals. Details of these can be found in the Report of the Trustees. This includes a £9,000 payment included in last years contingent liabilities and excludes any grants awarded in the year subject to conditions which had not been met at the year end. These are shown within the contingent liability note.It also includes the repayment of £7,500 of a grant paid in a prior period to an institution that is no longer operating.

In the prior period grants totalling £91,120 were paid to institutions and £nil were paid to individuals.

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: WILLIAMS BROWN HILL CHARITABLE INCORPORATED ORGANISATION

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NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

5: SUPPORT COSTS

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|||||||| |---|---|---|---|---|---|---| |Governance| |Finance|Insurance|costs|Totals| |£|£|£|£| |Grant making|15|298|23,492|23,805| |6.|AUDITORS'|REMUNERATION| |31.3.25|31.3.24| |£|£| |Fees payable to the|charity's auditors|for the audit|of|the|charity's|financial| |statements|1,188|1,070| |Auditors'|remuneration|for non|audit work|1,782|1,630| |Ts|TRUSTEES' REMUNERATION AND|BENEFITS|

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There were no trustees’ remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. TRUSTEES' EXPENSES

There were no trustees’ expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

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||||| |---|---|---|---| |COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES| |Unrestricted| |fund| |z| |INCOME AND ENDOWMENTS FROM| |Investment|income|11,180| |EXPENDITURE ON| |Raising funds|6,358| |Charitable|activities| |Grant making|113,867| |Total|120,225| |Net gains|on|investments|67,210| |NET INCOME/(EXPENDITURE)|(41,835)| |RECONCILIATION|OF FUNDS| |Total|funds brought|forward|1,108,417|

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WILLIAMS BROWN HILL CHARITABLE INCORPORATED ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

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||||||||| |---|---|---|---|---|---|---|---| |8.|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES|- continued| |Unrestricted| |fund| |£| |TOTAL FUNDS CARRIED FORWARD|1,066,582| |9.|CURRENT|ASSET|INVESTMENTS| |31.3.25|31.3.24| |£|£| |Listed|investments|1,028,466|1,087,135| |10.|CREDITORS:|AMOUNTS|FALLING|DUE WITHIN ONE YEAR| |31.3.25|31.3.24| |£|£| |Trade|creditors|500|210| |Other|creditors|23,492|22,531| |23,992|22,741| |11,|MOVEMENT IN FUNDS| |Net| |movement|At| |At|1.4.24|in|funds|31.3.25| |£|£|£| |Unrestricted|funds| |General|fund|1,066,582|(60,874)|1,005,708| |TOTAL FUNDS|1,066,582|(60,874)|1,005,708| |Net movement|in|funds,|included|in the above|are|as|follows:| |Incoming|Resources|Gains and|Movement| |resources|expended|losses|in funds| |£|£|£|£| |Unrestricted|funds| |General|fund|13,332|(100,781)|26,575|(60,874)| |TOTAL FUNDS|13,332|(100,781)|26,575|(60,874)|

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WILLIAMS BROWN HILL CHARITABLE INCORPORATED ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

11. MOVEMENT IN FUNDS- continued

Comparatives for movement in funds

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|||||| |---|---|---|---|---| |Net| |movement|At| |At|1.4.23|in|funds|31.3.24| |£|£|£| |Unrestricted|funds| |General|fund|1,108,417|(41,835)|1,066,582| |TOTAL|FUNDS|1,108,417|(41,835)|1,066,582|

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Comparative net movement in funds, included in the above are as follows:

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||||||| |---|---|---|---|---|---| |Incoming|Resources|Gains and|Movement| |resources|expended|losses|in funds| |£|£|£|£| |Unrestricted|funds| |General|fund|11,180|(120,225)|67,210|(41,835)| |TOTAL FUNDS|11,180|(120,225)|67,210|(41,835)|

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12. CONTINGENT LIABILITIES

The following organisations have been awarded grants contingent on them raising the additional funds required:

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Year| |Grant recipients|awarded|2025|2024|Conditions| |£|:| |Caerbryn|Welfare|Y/E|31.3.23|-|9,000|Subjectto|proof|of funds|to proceed| |Association|

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These organisations had not met these conditions at the year end, as such the grants are recognised as a contingent liability and not included within expenditure in the year.

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: WILLIAMS BROWN HILL CHARITABLE INCORPORATED ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

13. RELATED PARTY DISCLOSURES

Entities of which the entity has control, joint control or significant influence:

The trustees are all partners in Llys Cennen. No amounts were due at the year end (2024: £NIL). Fees and accrued fees of £20,522 were charged by Llys Cennen during the year (2024 : £19,831).

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