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|||||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|
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|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||||
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|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|
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|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|
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|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|
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|||||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|
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|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|
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|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|
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||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|
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|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.||
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|