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2022-04-05-accounts

Page
Trustees'
annual
report
Independent
examiner's
report		 to the trustees
Statement
offinancial		 activities
Statement
offinancial		 position
Notes to the financial statements
The following
pages		 do not form part of the financial statements
Detailed statement
of		 financial activities 19
Notes to the detailed statement offinancial activities 20

Reference a Reference a nd administrative nd administrative details details
Registered charity name Ymddiriedolaeth Susan Williams-Ellis Foundation
Charity registration number 1158239
Principal office Poith y Castell
Minffordd
Penrhyndeudraeth
Gwynedd
LL48 6EN
The trustees
M Angharad
SCwper
R Llywelyn
A Cooper-Willis
Secretary
lan Roberts
Curator
Dylan Williams
Accountants Owain Bebb a'i Gwmni
Chartered Accountants
32 Y Maes
Caernarfon
Gwynedd
LL55 2NN
Investment Advisors Quilter Cheviot
5St. Paul's Square
Liverpool
L39SJ
Solicitors Gamlins
LLP
103High Street
Porthmadog
Gwynedd
LL49 9EY

5April 2022
2022 2021
Unrestricted Restricted
Note funds
f		 funds
f.		 Total funds
f		 Total funds
Income and endowments
Donations
and legacies		 2,352 2,352 3,097
Charitable
activities		 16,081 16,081 59,061
Investment
income		 39,805 39,805 36,745
Total income 58,238 58,238 98,903
Expenditure
Expenditure
on raising funds:
Investment
management		 costs 7 15,538 15,538 13,978
Expenditure
on charitable		 activities 8,9 60,776 60,776 62,929
Total expenditure 76,314 76,314 76,907
Net gain/(loss)
on investments		 10 88,326 88,326 537,327
Net income/loss
-net movement		 in funds 70,250 70,250 559,323
Reconciliation
offunds
Total funds brought
forward		 2,425,119 46,050 2,471,169 1,911,846
Total funds carried forward 2,495,369 46,050 2,541,419 2,471,169

5April 2022
2022 2021
E
Fixed assets
Tangible fixed assets 15 3,187 1,473
Heritage assets 16 46,050 46,050
Investments 17 270,279 241,479
319,516 289,002
Current assets
Debtors 18 1,257 1,257
Investments 19 2,148,575 2,106,793
Cash at bank and in hand 73,639 78,456
2,223,471 2,186,506
Creditors: amounts falling due within one year 20 1,568 4,339
Net current assets 2,221,903 2,182,167
Total assets less current liabilities 2,541,419 2,471,169
Net assets 2,541,419 2,471,169
Funds ofthe charity
Restricted funds 46,050 46,050
Unrestricted
funds		 2,495,369 2,425,119
Total charity funds 22 2,541,419 2,471,169

Donations
and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
f f.
Donations
Other donations 2,352 2,352 3,097 3,097

Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
E f. F E
Sale ofservices/goods as part of
direct charitable activities 257 257 807 807
Covid JRSgrants 11,824 11,824 33,254 33,254
Covid grant Gwynedd Council 4,000 4,000 25,000 25,000
16,081 16,081 59,061 59,061
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
P
Income from listed investments 39,805 39,805 36,745 36,745
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
f. F
Portfolio management charges 15,538 15,538 13,978 13,978
Expenditur e
on charitable
a		 ctivities
by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
f f.
Charitable activities 55,688 55,688 57,421 57,421
Support costs 5,088 5,088 5,508 5,508
60,776 60,776 62,929 62,929
Expenditure on charitable
ac		 tivities
by activity type
Activities
undertaken Support Total funds Total fund
directly costs 2022
f		 2021
Charitable activities 55,688 55,688 57,421
Governance costs 5,088 5,088 5,508
55,688 5,088 60,776 62,929

10. Net gains on investments investments
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
E f. F E
Gains/(losses) on listed investments 88,326 88,326 537,327 537,327
11. Net income
Net income is stated after charging/(crediting):
2022 2021
f.
Depreciation oftangible fixed assets 797 369
12. Independent examination fees
2022 2021
f
Fees payable to the independent examiner for:
Independent examination ofthe financial statements 936 936
Other financial services 432 432
1,368 1,368
13. Staff costs
The total staff costs and employee benefits for the reporting period are analysed
as		 follows:
2022 2021
f.
Wages and salaries 28,622 35,381
Employer
contributions		 to pension plans 603 425
29,225 35,806

Tangible fixed assets
Fixtures and
fittings
Cost
At 6 April 2021 2,833
Additions 2,511
At 5April 2022 5,344
Depreciation
At 6 April 2021 1,360
Charge for the year 797
At 5April 2022 2,157
Carrying
amount
At 5April 2022 3,187
At 5 April 2021 1,473

Heritage
assets
Cost orvaluation
At 6April 2021 and 5April 2022 46,050
Accumulated
depreciation
At 6April 2021 and 5April 2022
Carrying
amount
At 5April 2022 46,050
At 5 April 2021 46,050

Investments
Listed
investments
Cost orvaluation
At 6 April 2021 241,479
Fair value movements 28,800
At 5April 2022 270,279
Carrying
amount
At 5April 2022 270,279
At 5 April 2021 241,479
All investments shown above are held at valuation.

18. All financial assets a
as at the year end.
Debtors		 re measured
at fair value,
being the m		 arket value of the listed investments
2022 2021
f.
Other debtors 1,257 1,257
19. Investments
2022 2021
E
Shares portfolio listed investments 2,072,974 1,999,507
Shares portfolio capital cash on deposit account 69,659 98,580
Shares portfolio income cash on deposit account 5,942 8,706
2,148,575 2,106,793
20. Creditors: amounts falling due within one year
2022 2021
f
1,568 4,339

Unrestricted
funds
At Gains and At
6 April 2021 Income Expenditure losses 5April 2022
F E
General funds 2,425,119 58,238 (76,314) 88,326 2,495,369
Restricted funds
At Gains and At
6April 2021 Income Expenditure losses 5April 2022
Heritage assets fund 46,050 46,050

Analysis ofnet as sets between funds
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2022 2021
f f.
Tangible fixed assets 3,187 3,187 1,473
Heritage assets 46,050 46,050 46,050
Investments 2,418,854 2,418,854 2,348,272
Current assets 74,896 74,896 79,713
Creditors less than 1 year (1,568) (1,568) (4,339)
Net assets 2,495,369 46,050 2,541,419 2,471,169

The carrying
amount
for eac		 h category offinanc ial instrument
is as follows
2022 2021
f
Financial assets measured at fair value through income and expenditure
Financial assets measured at fair value through income and
expenditure 2,343,253 2,240,986

Detailed Statemen
5April 2022		 t o fFinancial Activiti es
2022 2021
E
Income and endowments
Donations
and legacies
Donations 2,352 3,097
Charitable
activities
Sale ofservices/goods as part ofdirect charitable activities 257 807
Covid JRSgrants 11,824 33,254
Covid grant Gwynedd Council 4,000 25,000
Investment
income
Income from listed investments 39,805 36,745
Total income 58,238 98,903
Expenditure
Investment
management		 costs
Portfolio management charges 15,538 13,978
Expenditure
on charitable		 activities
Purchases 4,504
Wages and salaries 28,622 35,381
Pension 603 425
Rent 15,079 15,079
Light and heat 1,100 1,562
Repairs and maintenance 450 157
Insurance 1,196 1125
Other motor/travel
costs		 1,129 858
Legal and professional fees 5,088 5,508
Telephone 2,208 1,793
Depreciation 797 369
Advertising
and marketing		 672
60,776 62,929
Total expenditure 76,314 76,907
Net gains on investments
Gains/(losses)
on listed investments		 88,326 537,327
Net income/(loss) 70,250 559,323

5April 20 22
2022 2021
E
Expenditure on charitable activities
Activities undertaken directly
Direct costs 4,504
Wages/salaries 28,622 35,381
Pension 603 425
Rent 15,079 15,079
Light 8 heat 1,100 1,562
Repairs and maintenance 450 157
Insurance 1,196 1125
Other motor/travel costs 1,129 858
Telephone 2,208 1,793
Depreciation 797 369
Advertising and marketing 672
55,688 57,421
Governance costs
Accountancy fees 1,488 1,908
Legal and other professional fees 3,600 3,600
5,088 5,508
Expenditure on charitable activities 60,776 62,929