SAM CYMDEITHAS ELUSENNOL YNYS MON ADRODDIAD BLYNYDDOL i Hydref 2022 - 30 Medi 2023 ANNUAL REPORT i October 2022 - 30 September 2023 cyrnd1has EIu5ennol Ynys Mon Cale of Isle of Anglesey County Council Council Offices LLANGEFNI Ynys Mon LL77 7TW Cymdwthas Elusennol Ynys M¢in
Care of Isle of Anglesey County Counul Council offices LLANGEFNI Ynys Mon LL77 7TW Regisler•J Charity Number 1174536 GALA MINI Twst Oeed The Isle of Anglesey Charitable Twst (Regislwed Charity No i(0818) was forn1 on 5 June 1990 and the Trust deed of thal date specifies the duues. power5 and condib.ons undw which Ihe Trust L% requiied to operate Tl assets ol the Isle ol AThJlesey Charrtable Trust were transferred to Cymdethas Elusennol Ynys Mon on i ct10 2019 (Registered Chanty No 11745361 The Trustees for the year endiThJ 30 09 2023 were as foUow& Name C Edward Jo (Chairl Elw Jo AppJnled Trustee 30 Sepleml)ef 2022 Det(•rah Chafer App>nted Tfustee 30 September 2022 Ann To)ze Apwinted Trustee 30 September 2022 Dr Lowri Hughes Winled Trustee 30 Septemiw 2022 Trefor fven Appointed Trustee 30 Septernter 2022 Trefor Lloyd Hughes Eltxted Trustee 26 July 2022 Non Oafydd Elected Trusiee 26 July z022 Dafydd Roberts Elected Trustee 26 July 2022 Newue Evans Elected Trustee 26 July 2022 Jackn"e L15 Elected Trustee 26 July 2022 Gary Prjlthard Elected Tfustee 26 July 2022 Date of Intment ApFanted Trusiee 30 SepltNnl)ef 2022 Tern 3 years 3 years 3 years 3 years 3 years 3 years 3 years 3 years 3 years 3 years 3 year5 3 year5 Officers
ch Executsve Acting Treasuier Mrs CeLyn Menai Edwards Mr Marc Jones Ad¥1sry5 The of CIO during the we Auditor and Accountsnts Messfs WJ Matthews & Son Chartered Accountants 11 - 15 Bridge Streel Caernarfon LL55 th8 Investment Marogers SBC Prrvate Bank IUIO Limited 78 Jan'S Slreei London Swth LJ8 consuitsrw coop LLP 37 Cardiff Road nas Powys CF64 4DH Geldards LLP 4 Capitsl Ouarter TyrKJall Street Cardiff CFIO 4BZ The trustees present th•r report and financial ststements for CynKl•thas Elusennol Ynys Mon Ihe year ended September 30 2023 The financial 5tstements have been prerkired in accordance with accounb'ng wiicie5 and comply Vhth the Charitses Act 2011 and Accounbng ar Rep)rtsng by Charibes Statement of Recommenced Practice appiKable to Charities prepaiing Ihwr financol staternents In accordance with the Financial Reportsng StarKlard appb'cable In the UK and RepubiK of Ireland IFRS 1021 GOVEANAN STRucfuR AND MANAGEMENT cyrndthaS ELusennol Ynys Mon was registered as a CharitalAe Incorporated Organisatson I'CIO'I on 06 September 2017 (registered charity number 11745361 On oi Iktober 2019. the CIO recVed the assets and undertakings ol a predecessor chafltable trusL "The Isle ol Anglesey Charilable Trust" arKI commenced ts charitable VIbeS fTom thal date The Iste of Anglesey Chafitsble Trust was eStabshed by the Isle of Angle5ey Borough CounciL a foTerunner oftheC(yJnty CounciL lo administer investments purchased from monies reVed from
Shell (UK) Limited when the company ceased to operate an QI Terminal on Angtesey The monies from Shell IUIQ Limited were received under a wivale Act of Paftsamenl - The Anglesey Marine Terminal Acl 1972. which placed a duty on ihe cour¢1 to 'use the rr)nS solely in the interest of the Island of Anglesey or its Inha"1ants. The same objects of the onginal trust deed apply to the CIO io this day The onginal trustees of the CIO heid ex-offKiO posiljons. automatically assuming their roles UF)on being eLecte(J as local councillors of Isle of AThJlesey County CounciL Recconising a l¥k of divwsty arKI Folenbal risks regardiThJ cOnfCts of inlefest. Trustees unanimously agreed on 27 January 2022 to adopl a meM1rShiP governance structufe alm at safeguarding the fund for future gWatn$ The new consbtutjon came Into effecl on 24 May 2022 The CIO Trjw operates under a two.tw g0vemare syslem a Membership and a TnJstee Board. The Trustee Board compnses indiwduais selected for thr r•)ssession ol the skilLs, attn'bules. and knowledge necessary lo ensure Ihe CIO continues to fulfill its charitsble obiectsves Six Trustees are elecled from within U)e Membefship (Elected Trusleesl. while the rwnaining six. irKluding Ihe Chair. are apw'nted thiotsgh an open. transparent. arKI pubbc rKruitment prcKess IApwinled Trusleesl Memlwshlp ol the chanty Is open io anyone who wishes to further its objectives. with individuals Interested In supportsng the chanty's misSn in¥Ated lo become members Members pY a pivotal role In the CIO'S govefnènce by electing and appointing Trustees. scrutsnizing Annual Reports. and ensunng the cOnstitutn remains relevant and effecbve They convene with the Trustee Board annually to luifil ihese resp0nsitst Members can vole on resoiutsons at a general meetsng or on vmtten resolutsons Any new trustee is fuuy lered the history of the CIO. and ts objectsves and plans. as weiL as the management and QFerabonal processes The trustee5 are encouraged to attend any courses which they feel are reLevant lo the development ol thwr role. and to keep up to date on any change5 In legislation The trustees arKI stsff keep thar skiii requirements under rewew and subscribe to chafty law and guKlance Each Trustee is apFJnle(I for a tem of three years A record of the ehafity trustees for the year ending 30 Septemter 2023 Is outhned on page 2 The day-to4ay managemenl of ihe CIO continues to be delegated to the current Chief Execubve. Mrs CeLyn Menai Edwards. who was appointed In September 2021 Mr Marc Jones. SlI0n 151 Officer of the Isle of Anglesey County Council lulfils the role of Acting Treasurer for the CIO With his significant Involvemenl as Treasurer duiing the administration of the original lsie of Anglesey Chantsble Trust and the subsequenl 35sel transfer to Ihe current CIO. Mr Jones bnngs Invaluable experience to the positjon Considering the ongoing g0Vemae. administrative. and managemenl changes within the chanly. Twstees agreed to retain the servTh of Mr Jones as Athng Treasurer. The responsiblibes of the Chief Execuiwe and the Actsng Treasurer will undergo pericKIic Teview to ensure they remain aligned with the evolving needs of ihe CIO The trustees are ulbmately reswnsible for the [les. aCtIe5 af assets of the charty. Full m*tsngs a heid at least three times a year lo remew strategy. grant appwtions. grant-
and owau performance ofthe Cio. The CIO has three sub<ommiltee5. with four trustees b.ng è member of each committee" a mixture of Appoi'nted and ELKled Trustees swng on each. The Investrnents, G)vemances and Risk Commilteeconsists of four members Dr Edward Th Jc, tÈborah Chafer. Newlle Evans and Trelor fven The Committee's obiects've Is to le oversight arKI guidance on the CIO'S investment activities. managing risk. governance. and oVerj contractual (gatiOnS lo ensure alnrnent with Ihe charity'5 vwn. misSKJn and values. The People and RemUneWatn Committee consisted of four members Ann Tcoze, Dafydd Roberts. Non Dafydd and Trefot Lloyd Hughes The Committee's objectsve 15 to provide oversight and guidance on charity's human resour p)ticles. practsces. and rernuneratn management The communicaln5. b"C Engagement and Markebng Committee consisted of four memter5 Elen Jones. jack Lewis. Gary Pritchard. and Dr Lowri Hughe5 The Committee's obJVe Is lo develop and execute strategies lo promote the charity's missK)n. increase pubiK awareness. and engage stakeholders effecb"veLy The trustees ccffwlt wth the charty's professional advisers wlw need&J. The Chf ExKutsve oversees the day-to4ay managemenl of Ihe charity's acbvitses This Includes processing and Inthuy reviewing grani appbcalons. presentsng them to the trust for consideration and approvaL as weil a5 handng grant payments ancF maintsining the tharily"s financial records. PRIMARY RISK AND MANA NT In line with the requirement for trustees to urbJwtske a risk assessment exercise and report on the same In thwr annual reprt the trustees consider the risks that the charity faces and review the rneasu in place. or that lo te put in place. to deal with them The trustees Klenbfd five rnn areas where risks may occur. Govemance and Strateg Operabon5 Comptsance ILegal or Regulaloryl Financkil Environmental and Repulabonal Govemance and Strategic looks at the nsk the CIO suffers from a lack of directs"on. the skills and training of trust5. board connjcts arKI the gwd use of Its funds Operab"ons l())ks at the risk Inherent in the CIO'S actmb.es including supwrtsng unsuitsble appeaLs from charit*s. conts"nuity of siaff. lack of a disaslef recovery p)bcy. etc. Compilare (Legal or FleguLAtoryl I(kS at the ¥isk CIO suffers from a lack of compliance with legisiats.on and reguiabons appropriate to Ihe activities. size an¢J structure of the CIO'S size It also looks at the effects of government policies and compb.ance wilh Charity Commission directives
Financial risks Include those arising as a result of pxsr Ixjijgetary controL inappropriate swding. poor accountsng. and Inappropriate Investment p)iK*s. eic Enwronmental and Reputational looks at F$tle damage to the CIO'S reputation. ihrough associalion with unsuitable charities or wilh inappropnale actiwty. Including conducl and timeliness It a150 includes any rISS assockited wsth tFk% chanty's proFerty. including land management plans and duty of care The trustees consider the voialibly of investrrnI returns to constrtule the charity's major risk and therefore benchmark the relum b9 obtain&1 against other similar Investment opty'ons The Iruslees consider thaL In current markel conditions. the curTent Inve51ments are providing the appropriate Income Tequiremenl lo contintse ILS lulure grant making actsvities The trustees review. at leasi annuauy. the wrfomwnce of the Inveslments heid and the strategy for minimizing nsk lo the chanty The composition of the Ix)ard ol trustees Isdeemed adeouèle for fuifiibng the CIO'S obiectives arKI upholding governance stsrKlèrds Recognising the wtenlial for conThrts of Interests among Apwinted Trustees wfv) also hold roles as Local Authority Counciliors. the Board reynains giknL To proactively re$S any concerns. a second governance revw Is scheduled for July 2024. fouowing ihe Inilial assessment conducte(I In December 2021 Having assessed Ihe risk5 to whth the charity Is exF4)sed. In particuL4r those relating to its Investments. the trustees beijeve thal by ensuring controls exist over key financk41 systems and by delegating the Investment management functs.on to Investment managers. subject to regular monilonng. Including periodK review5 of wf0mnCe against benchmaik. they have esiabb'shed effecbve systems lo mrtigate those n5k5 ECTPIES AND ACTIVITIES The thantable purp)ses of the CIO are bmited lo the general pubtsc benefit of persons resident on the IsiarKI. including the prowsion of arnen1t and facilibes. the preservabon of buiLdings the conservation ènd protectn of &nd. the protectson and safeguarding ol the environment the spon50nng of pUb.cO.onS and eduCatnaL research projects. This is ach by contributing towards sFending on serwces provvJed for pubLK benefit and by makin9 9rants to chari(3ble and voluntary organisabons The reStrIctS on the way In which the CIO operates are slated In the CIO'S Consbtubon. The main pjwers are lo further charitable purposes and lo make suth arrangements for the management and administration of the CIO as It sees fit The CIO has an endowmenL which 15 expendable provided a two-thirds maiorrty of the members approve such a resolubon 11 has adopted a long-term objects've of ensuring that the value of the endowment matches 1nrta1
NT MAKING PO Grants are made ffom the annual Investsnenl Income and Increase In the capiLIl value of Investments For Ihe year wding 30 Wlemtr 2023. tts lull 803rd of Tiustees determined Ihe value to be auocated. based on Ihe wformance of the lurKI In Ihe preceding year and the IcSI&l perfofmants for the forthcoming year AlIctat are made annually lo the foliw'ng wimary grant Fwrams Small &ants lup to Eio.000) Large &ants (over £io.oool C¢)mrr4Jnity Spaces Grant (annual runnirYJ costs) AILappb"catsons are through stsndard appilcation lom. and advwts.sed In Localpapers. soual medla nthorks and community engagemenl events The year ending 30 Seplemtw 2021 marked a ol transits for the CIO regarding its gobpmarte. managemenl and appointrnent and eleCtn of new Trustees Foilowmg this transrtion. the newly elected aThJ aPFKJlnted Board for the yearending 30 September 2023 embarked on lests"r@ V)wr rteralNe granE-ma.ng strètegy This strategy. In bne with the CIO'S goals. f¢xused on auocabng funds efficiently while stsying p)nsive to recipnts' It actjvely looked for innovabve projects Ihat go beyond financial supwrt aimirrfJ to Improve community health. weil-b•ng. and environmentalaccess Itaiso aimed to str6YwJthen cAgan0ainS. and emFower communibes lor change As of the year endiThJ 30 Wlember 2023 the consequence of the financial strategy adopted in 2009 Is that separate cawl reserves were no longer deemed necessary. except to recognize historical commitments Because some funding commitments may span mulliple financ¢al years. the general reserye Is permilled to go Into defi¢iL provkaed cash flow resto il to surplus by the tsme the commitmwl horK)uied In fuiL The CIO Consed that Ihe current level of reserves was sufficient to provide future Investment Income to cover grani payments. as weu as SUPFQrt governance costs
INV NT PLRFORMA The CIO has wide investmenl powers. including wrchase of St(ks. shares. secunties and woperty of all ty$. whelher or not they pr¢)Juce irKome and Irrespecbve of the risk involved. These power5 are described In the Trusl Ced PerfOrrnar lo date against the long-tem Objecti li e that thè value ol the endowmenl should increase In bne with Inflation - calculated excluding land valuation) is as lollows A tsrget of E22418m was detemiined for 30 Seplembw 2023 (adjusted in ne with RPII and the actual value was £23213m which E795k above taiget This compares lo a Valuatn of £21.967m as al 30 Seplembef 2022. whh was £450k below the taiget of £22Ai8m A tsr9et of E494.041 was detefmine¢J at i Cttober 2022. while reaiis•J value was £37S028. which Is É119.013 tjeiow target The agreed long term investment strategy Is to return 5% al the current Bank of England base rate. with the following benchmark for asset aLLocats"on A55et class UK Equitses IerseaS equitjes Fixed tnterest AlternatNes Cash BwKhmark alLccal)n 30Y. 365% 25% Actual allocation 12 8°A 52 OY. 259% 92% 01% FINANC_IAL STATEMEN15 The financial ststements have teen prepared in accordance with the Statement of Recommended Practice Accountsng and ReFX)rting by Charibes IFRS1021 and comply wilh the Chanty's trust deed aFyitsble law Cymdeithas Elusennol Ynys Mon Annual Report and the Accounts. shown on pages 9-21. were approved by the meeUNJ of the CIO held on 19. 07. 2024. Approved by Y Gymdelihas on: Slgn•d on bohalfof Y Gymdeithas by.
CYMDEITHAS ELUSENNOL YNYS MON NT OF FINANCIAL FO THE YEAR ENDING ON PTEMBER O fufvj Inveslrnenl Incomp a)d fixÉYl 530.743 530.743 2211 461925 Inlwest Trtsl Iroml 461 C ol glwalry futs 98 103.S3 l markeb 00 307.122 107.122 103.153 4z$8 44Oy GTarts furta dVcèfvsolttdwty ieol ikn3lesry CC. C¥1 Yrrys M Jzi.$00 47.861 676.992 2JSOC 478 Large grants arKJ gr•rts 67OW2 SA81 075.731 384.8 492 44A92 5.763 1041487 4.700 442.736 675731 (472.858) 167s n (1¥8.5991 1675.n (s63$) (83 HoWroJ 9•lns Af los•s Coin£/(1055I rcwalu3tviarKI diswsal of irtvtsinwL a55eiS 713749 713.749 114225 38.018 (L506so8J Toial luryJ5 tscwhi lorwarE1 747.124 19.847 3 20S94.514 72.101022 Toial furth lorward 807220 19895408 20.892.628 20594. The compafats.ve breakdown of p1 year lund balances for the FA is given in Nole 16
YMDEITHAS ELUSENNOL YNYS MON BALANCE SHE AS AT 30 SEPTEMBER 2023 Note 2023 Z022 Inveslments 21A82.055 21,967.987 Curront A55ets Debtors and accrued Inc Cash at bank Total current asg•ts 82.302 79.027 .682 86,667 Uablllues: amounts due vrithin one year Creditors AllcKations nol defra Total ibablibtb•s io 133.2641 1846.84 1880.1 1826.636) (6 04J lJA60.J4OJ li Net curr•ni ass•ts / (Uablutiesl A2 20. 2.628 20 Funds Unrestricted funds 12.13 807.220 22.856.997 Q.971.589) 747.124 22.816,674 (2.969284) Captal ". Grants allocated from captal Total lunds 20. .628 20. .514 Ic
YMDEITHAS ELUSENNOL YNYS MON CASH FLOW STATEMENT AS AT 30 SEPTEMBER 20Z3 Note 2022/23 202J/22 Cath Ilows fv?m operatlng a¢tlvltles Mèt tash wovld•d (US In) op•rntlng 15 11.731.895) liJ8iJ53J C•sh Ilows from Investlng artl¥lil•s Dividends Inleresl and ieni from investments Proceeds frc*n sèle of investments Purchase of Investments Net cash prwkl•d by luwl Inl Inv•stm•nt activities 532 954 13.110.019 470.567 10.688.644 1.498.977 1346.338 Change In cash and cash equlva(ents Sn th• repLYtlng pwl¢)d Cash and Cash eguivalents at the beginniry of the rptx)rtln9 period Cash and cash 8qulvai•nts at the end ofthe Lyting perlod (232.9181 135.0isJ 284.01 284.oj Approv•d by Y Gymdelthas on.. Slgn•d w b•half of Y Gynthlthas by..
NOTES TO THE FINANCIALSTATEMENTS ACCOUNTING POUCIES Basls of Accounting. The financial statements have been prepared In accordan with Accounting lind Rep)rbng by Charibes sts¢ement of Recommended Practice. applicable to Charit prepanng Iheii attounts In accordance with the Financial Reporting Standard applicable In Ihè UK and Rer>ubbc of Ireland IFQS1021 (effective i January 20191 - (Charilies SORP IFRS10211. Ihe Financial ReportiThJ Slandard applicable In the UK and Repubit of Ireland IFRS1021 and ihe Charrty's dJ and appbcable law CyrTththas Elthennoi Yrys Mi?n meets the FRS)02 definit of pubiK Interest entity Assets arKI Iwbiuties are recorde(I In Ihe accounts at historical cosL unless have been reststed In accordance wth a relevant accounbrwJ pobcy Grnnts Payabte are recognised In the accounts when ihe auocab.on has been appioved by Cyrndeithas Elusennol Ynys Mtin. and the nesSary corvjrtions that enable the furKling are confirmed Investment In¢om• Is Includgj In the accounts. for short lemi deposits and balances - on a daily accrual basis. ror equity - when st¢xks are declared ex-dividend. for rents- in the yeai lo which It related. lor wuectrye furKls a1 Incomeon a repts basis. The ¢ydInaryeLeMt ol stocks rKwved In ofca5h dwideTrJ is treated as income of the fund {¢h) Expendlturn Expendrture is induded on an aecruats basi£ Costs have tseen attributed to luncbonal categor$ In the Stslemenl ol Financial Actsvibes Costs of generatsrvJ funds comprise tIK)se costs direclly attributsble lo Improving. prolecling and marketsng Investment prortY and the costs ol managing the Investment p)rtfolJo and Taigng investment Income CharitsbLe ex[liture comFxises grants to volun13ry and local organisatK)ns and contributKJns to pubbc serveS It ha5 atso Includèj direct expenditure on an historic building and land in Cym(Jwihas Elusennoi Ynys Mons ownefship These are tharged In Ihe year In whtt the decision Is made to offer the grant Where organisauons have been given an IndKatton ol granis payable In a future year. they are noted as Indicative bul not èccrued In the accounts Managemwt aTrJ admin15tratJon comprise paymwts to third Pae5 relatiThJ to the admin15tratw of Cymdeths ELusennol Ynys Mix) Idl Investm•nts The investments of cYMdlhaS Elusennol Ynys Mon have been valued al middle market price5 at the close of business at the balance shl date. except collerbve Investments. wh¢h are valued al bid price Gains and Losses on disposaland revalualn of Investments are charggj or crediled to the Stsiemenl of Financkal Actiwts
Idd) InV•stmt Propwty See note 7 to the J¢¢ounts (e Funds The nature arKI puwrw of each fund are expiaingj In note Preparntlon ofthe accounts on a golryj concern basls: The trustees are ofthe view that the charily has sufficienl lunds In resèrve and that Ihe charity Is a going concern INVESTMENT INCOME Atrnosl all the CIO s Income arises from the investments held by Investment Managws. r fees dewid on Investmenl perf0rrnan and Income Is projected net ol fees The total irKome on investrwits for the current was £375.028. COST OF GENERATING FUNDS These are the costs of rnanaging the irwestmenl proFety and the Investment Managers. 30 S•pt•Trknr zoz2 Investment Managws. Fee 103.153 8300 107 122 103 153 REMUNERATION & RELATED PARTY TRANSACTIONS None of the trustS lor any persons connected with them) recwved any remuneration or benefits from the charity during the curient or prior year Trustee5 were rambursed a totsl ol £s4 65 (2022 - £0) for expenses incuffed in the course of Ihwr dubes during the year Expenses include costs incurred when visiting grant ants as part ofthe trustees. g)vernance procedures.
GRANTS 8eiow is tt% direct chanlabLe exFeThJrture by cYm"tha$ Elusennol Ynys Mon 30 S•p2ozz Jo S•p 1025 lthof ArvJl•w CC- Cmei Ynys M 215.( 47.861 57.893 Volunw Ctrgoroot . VIlL49e Hall urYMry Casts 464274 Mon -Urdd C<thth c - Dgartrel C 48 000 56544 sowo 33000 20 Qotr 44WO . ClwJ Ftygb Uatwdr 50 000 52 04Q 28832 37.958 2.627 41 L047262 473. Grants aiLocalwJ but not claimed within the eb"gIlIty FEri¢yJ are wriiten off and funds ieturned to the general and capitsl (und for future aLiocalKJns 30 sePtrtl0I3 30 Sept•nkn 2022 Community Or9arMsaiKJris Vil&ge Halls e &ants 27 646 27.234 1171 56,OSI 20.750 34476 33.868 89.094
GOVERNANCE cYr11has Elusennol Ynys Mon s govemarKeexwses represent f&s to other bodies for speCiast services. travel and substlce costs. as weil as salary costs of the Chief ExecuDve Officer and Treasurer's Fee Details of management and administratjve expenses are 39 Sept•ffw 1022 Alrtor'S lee- for drt servKes Employee LrS 4trJ5 5.810 4793 444 8760 53.234 INVESTMENT PROPER During 1935. the Isle of Anglesey Borough CCncIl transferred two parcets ol land at PhO(h and Amlwch Port lo the TrusL at an estsmaled market value of £550.000 The land was part ol the final settlement by Shell IUIQ Limited (see Trustee's Reporv and subJecl to the sjme conditth)s as the orKJinal monies Part of the land al Amlwch Port was sold In 1939/96 ènd the remainir¥J land at Rhosgcch was soLL1 In 2015/16 Temaining Lar¥J at Amlwch Port has Thl value. bng esb"mated market value. and Is deggnated as a heritsge asset It constitutes one 51de of the haTtXJur. which dates to the 18th century. and Includes the Mona MIIL built In the early nineleenlh century The land is used as an arnenity by ihe pubbc and CIO has agreed lo pubbc acce55 to the MIU and is consthring FKOP)sals to lulfil its conswvaknon and we5wvatn objectsves In respect ol this land Tho vaL(l)n was urthtsken by the Isle ol Anglesey cn¢11.$ Valuer ason 30 September 2022 The Valuer Is a Mernber of the Royal Instjtute ol Chartered Suryeyots IMRICSI and is an employee of thelsle of Anglesey County CounciL The CIO has no olhef Herilage Assets. rKJT doe5 rt have a FoIKy to tiVeLY acquire any further such assets 1fr4VESTMENTS The Investments wn in the balare sheet can be broken down a5 30 Septon*•r 2023 30 5•pt•nkn Zoaz Equity- UK Global Equity Fixed Interest Aiierroiive5 2.747 865 lli63 926 5 SE5 495 1972 028 21 11751.363 6 792 533 227BIz5 216 160 276 380 ZL967.987 42 721 zu8z.055
Investments afe heid through ent manw In the name of nominees and ali holdings are readily reaSable Furthef ddails cn the typeof r5h Investments vnthin U)e rIOd that a more than 4% of the value of ihe Investments within the penc•J afe shown in 13ble below HS8C GIF fAobal Corwrate Bond (fixed Incryne. GBP) HS8C GIF Global Govemmenl (fixed Incon. GBP) HSBC SE Au-world Index Inst IEquilies. G8PI Chanlies Property Inc Ipeal Estate. GBP) HS8C GIF CAobal Emer , Maikets IF4Ked IrOrne. USD) 680% 635% 449% 410% 405% Invested cash includes small amounts of forewjn currency AU investments are shown at market value Tre c¢xre5ponding histoncal values at 30 Septemter 2023 are as follows" EoooJ 2569 10.784 6.105 1737 2L195 £000 178 381 15501 235 Eryty.UK Et)uity. Global Fixed Iniewest Njtwrthes 2747 Iki65 5.5S5 1972 ZL439 £000 £000 8r¢wht f¢yward Sales redempiKis rth3ses aThY rh[s Issues Gains / IlosS In Z2.83S ts3 7841 (.11 6n 714 2L439 21.195 673 Reabsed gains / (losses) are calculated as Ihe total dIffen between the sales Income and historical cost The total gains / Ilossesl on investments Is the lotsl ol realised gains / Ilossesl from sale of tsAdiTrJs rtet of any adjustments to historical cost plus unrealised gains / Ilossesl DE8TORS AND ACCRUED INCOME Accrued Investnwl Income 82 302 82.302 79 027 79,027 ie
io. CREDITORS AND ACCRUALS Investment Mana ent Fee Isle ol An Count COU 24556 25 622 784 570 16 444 Oz6,636 8708 ALLOCATIONS NOT DEFRAYED These a grants awarded in previous years whKh have not yel been claimed by the beneficiar5 Grants not claimed within four yeafs are normauy de-committed. and this is reflected In this rule. The CIO s Large granis supwrt schemes for which payments can be dravm down by the project swnsors over a of years FUNDS Cash In any fund not required lor stvt temi IuKlIty. ts temFo)ranly Invested with the Investrnenl Managers The Capltal Fund is the exwmjable endowment of Ihe CIO It is made up ol the land and monies reCved by the Isle ofAnglesey Borough Council from Shell IUIQ Limited when the company ceased to operate an Oil Terminal on Anglesey. and transferred to Ihe Trust In 19* and 1995 together with the catal grovAh on those sums From time to time. capital may LE released to fund specific projects by a maJoTty of Iwo thirds ol the membership ol CYrTrJthas Elusennol Ynys Mon The movements on Ihe Captsl Fund relate lo gains and losses on the Investments. the pwformance element of the Investmenl Managers fee and any costs ol Improving. otectsng markebng the land as shown In the Stslement of Financial Acbwbes The baL8nce on the General Res8r4e Is the accumu&led surpluses and deficits from prev5 years which the CIO is free to use In accordance with the charitsble objects Income from the inveslmwts. and au costs rlcharged to thecapitsl fund In the year. relate to the unrestricted Genwal Reserve as slwn In the Sialement of Financial Activities The alLccatJons made from the CIO'S annual grants programme at50 Teiate to th15 reserve 17
ANALYSIS OF MOVEMENTS BEPXVEEN FUNDS . Galn5 and 14ovemont b/hwd ¢/fvAd 747.124 22 ei6 674 1472.858) 807220 22.856.gJ7 12 971.5891 20.6x628 CapiL31 Fun(1 Grants Allated 40.323 167S73 531.954 l&u8,5891 673 426 673Az6 20.594SU u. ANALYSIS OF GAIN / (LOSS) ON REVALUATIONS AND DISPOSALS OF INVESTMENT ASSErs 30 September 2013 . 30 Septemer | 202Z Reabsed gain / liossTr sate of fixed asset 877.426 36.323 438.984 .861.s281 Unrealised gain / Qoss) on revaluatp Reabsed unreaiiwy gain / (iossl on valL* of Investrtts hdd 713.749 11.422 544) 161 63 Net irth rescwrcos 1&505,5081 RECONCIUATION OF NET MOVEMENTS IN FUNDS TO CASH FLOW FROM OPERATING ACTIVlnES 30 Medl 2023 30 Medl 2022 Nel movement In funds for the re'n9 iod 11s06.508) Adjustment for. Dividpnds Interest and rents Irom investments Unreatssed and reaiised gains on disposals IlncTeasel / decrease in debtors Increase / Idecreasel In creditors Net cash provided by Iu5ed tn) perating activities 1470.S671 1713.749) 1,422.544 132751 ($80.03 8.641 (83S46¥ l1,38&3531 ie
16. PRIOR YEAR FUND BREAKDOWN CYMDEITHAS EW5ENNOL YNYS MON STATEMENTOF FINA14CIAL ACTNITIES FOR THE YEAR ENDED 30 SEPTEMBER 10 ItaL nd Totsl 46LgZS 481.925 46L 103153 103IS3 103W 10315] anL% in fUrtPvae thecis oll ¢)knly c*1 Ynys M&) ganIsaS grar4s 136600 282.070 102.n2 384 802 53234 53234 4700 73Z 442 736 443157 545 889 18.7e4 oi (83.G64) HoidlNJ ra1105S Ins/llosses) on re¥abthtK>Eiard05p)salc4 Iu22.$441 ILS25276) .5081 Totsl fu15 brcxohl Iward i CttobH z021 TOtallU carTled lorwanlan 30 22.Wi.022 747 IZ4 19847 M 20.594 $14
statement of Trustees. RponSIbIlItIeS The Truslees ale responsible lor preparing the Trvsiees RerM)rt and the financkil statements lft accordance with appbcable law and United lQ"ngdom Accounting Standards IUnite(l Trtingdom Generally Accepted Accounting Practice) The law appkncable to charrties In England ar Wales requires the Trustees to prepare financial ststements for each financialyear. whKh give a true and fair viewof the charity and ol the Incoming resources and appkncation of resotsrces of the chanty for Ihat pericxl In preparing financial stalements. Ihe Trustees are required lo" la) select suitable accounting wkncies and then apply them consistently Ibl obseNe the methods and pnncipies in the Chanbes SORP. (¢1 make Judgernenis and e5bmate5 Ihal arè reasonablè and pnJdenL lehl state whether applicable accounting stsndards have followed. Subject to any departures disclosed and expLairEd In the financial slalemenis. and prepare the financial stalements on Ihe going concern basis. unless It Is inappropnale to assume that the charity will continue In business Id) The Trustees are resFonsible for keepng proper accounting records. which dtxlose. with reasonable accuracy al any bme. financol Wsiln ol the chaiity and enable them lo ensure that the financial staleynents comply with the Charitses Act 2011. the Charity IAccounts and Reports) Reguiatsons and the provisions ol the trust Oeed The Trustees are aLso responsible for safeguarding the assets of the charity and. herKe. for tsknng ieascffialAe steps for the prevention and detection of fraud and other Irregulanl Indyxlent aud1$ r•port to th• Trustees of Cymdelthas Elusonnol Ynys Mon Oplnk We have audited the financ1 stslemenis of Isle of Anglesey Charitable AssLxIain for Ihe year ended 3oSeptember 2023 which comprise ol the Sialement ol Financial Activities. the Balance g)eel and noles lo the financial ststemenis. IrKludin9 signifunt accounting pob.cies The rinancial reporting ITamework that has been applied In Ihwr preparation Is appijcable law and United knngdom Accounb"ng Stan(laTds. IfLudIng Financial Rep)rting Standard 102 The Financial Reporting Stsndard applicable In the UK atKI Reputsi ol IrelaTrJ (United Kingdom Gwerally Accepted Accounting Praclicel In our opnion. Ihe finarf*l ststemenls" give a true and fair view of the sLite of the Chanty's affairs as at 30 September 2022. èfKI of its Incom1r resources and applthtKJn of resouices lor the year then ende(J. have been properly prepared in accordance with United Kingdom Generally Accepted Accounbng Pracbce and have been prepared in accordance with the requIrerrn¢s of the Charities Act 2011 8a51s for opinlon We conducted our audil In accordance with Inlwnètional Standards on Avoiling IUIQ IISAS IUK)) nd appbcable law Our respons4bililies undw those stsndards are further described In the Auditors Resp)nsibibtses for Ihe audit ol the financ1 statements secbon of our report We are independent of the Charily. In accoidance with the ethical requirements that are relevant lo our audit of the financial ststements in the UK includirKJ the FRC s Ethul Standard. and we have 2(
fulfilled our other elhKal responsibiljties in aCCordare wilh these requirements We betseve that ihe audit eVHIere we have obtained Is Sufflent arKI appropnate to WOVKle a basis for our opinion In auditsry the financol slalemenls. we have concluded that the Trustees. use of the going concem basis of accounting In the pfeparalion ol the financial statements Is appropriate Based on the work we have perfoTmèJ. we have not idwbfd any material uncertainties reLaling to eNEnts or corKlitsons IhaL IndivJtsally or coLlecbveiy. may casl sionificanl doubl on the Chanty's abltY to continue as a going concem for a pericJ ol at leasi months from when the financial siatements are authorised f¢y Issue CJr reswnsibilits. and the resFonsibibls ol the Trustees. with resFeCt to gng concern are thscnbed In the relevant seclions ofthis Tepori other infornwt comprises Ihe Infowmatjon ildj In the annual feport. including the Trustees report. other than Ihe financial slalements and otjr audjlor s repy)rt Ihereon The Trustees are responsible for the other Inlom)alK)n contained within the annual rewrt Our opinion on the financ[ statements does not cow the other Information and. except to the exlenl othewse expkitly stated In our repcffi. we do not express any fom ol assurance conclusion Ihereon ¢)Jr reswnsibility Is to lead the other Infornatn and. in doing so. consider whether the other Inlormatson Is materially Incongsient wlh Ihe financial slalements or our knowledge obtain in the audiL otFww15e appeafs lo te materially misstated 11 we entsfy such material InconsistefK*S or apparenl malerial missialements. we are requtred to determine whelher there Is a material misyalemenl In the financial stalements themselves If. based on Ihe work we have FerfoTm&J. we conclude that there s a matenal missialement ol this other Informats'on. we are required to reFort Ihat lacl We have nothing to rewrt in this Tegard. Matters on whkh we ar• requ11 to report by exc•ptlon In the ioht of ihe knowledge and understsnding of the Charity and its enwronmenl obtained in the c¢)urse ol Ihe audit we have not Klenlified matenal rnisslatements In the Trustees report We have nothing to rerx)rt In resm of the followtng matters in rel3tJ¢M to which the Chanbes Act 2011 requires us lo rewrt to you If. In our opinion Ihe Informats.( gwen in Ihe Trustees report is iOnsistel in any material resFxt with the rinancial stslements or sufficient accounting records have not been kept or the financial statements are Th)t in agreement wilh the accounting records. or we have not reraved aLI the 1nf0miat1 a1 expianatsons we require oui audit
Rosponslbllltbes of Trustees As explained more fully In the Trustees. respon51biirties stalemenl. the Trust are responsible for the preparation of ihe financial sL3lemenis and for ng satisfi1 that they gwè a Irue and fair view. and such Intemal control a5 the Trustees detemine Is necessary to enable the prep3ralion ol financ[ statements thèl are Iree from materkil misstalemenL whether due to fraud or error In preparing the fInarla1 statements. the Trustees are responsible for assessing the Charity"s ability to continue as a going concem. disclosing. as applicable. mallers related to going concern and tssing the goin9 concern basis of accounting. unless the Trustees either Intend to bquidate the Charity or lo ase operations. or have no iealislic allÈrnalive bul lo do so. Audltor's re5ponslbSlltb•s fvr tho)udli of the financlal stst•ments We have been appointed as audrtor under Seclion 144 of the Charilies Act 2011 and report in accordan with Ihe Act and relevant reguLatsons made or having effect Ihereunder r objectsves are to obtain reasonable a$surare about whether the financial statements as a wIK)Le are free from matenal misstsiemenL whether due to fraud or error. and lo Issue an auditor s report that Incluoes our OFMnion Reasonable èssurance Is a high level of assurance. bul Is not a guafanlee that an au%Yrt conducted In acCOrdae wih ISAS IUK) will always detect a malerial misslalemenl when Il eyists Misststements can arise Irom fraud or error. and are consKlered matenal if. indniidually or In aggre9ale. Y could reasonably be expected to Influence Ihe economic decisions of users taken on the basis of Ihese financial Staterrts. Irr•Juiantses. 1rlUdIj fraud are Instances of nOn<0mlance with laws and regulations We design procedures in with Ouf respOnbIlles. oulbn&l above lo detect material misststemwts In respeth ol Irregtsiaritse5. Inciu(Jing fraud The eeft1 to which our procedures are capable ofdetectsng irregulanbes. irKltsdirKJ fraud. is detailgj below The engagement partner ensured that Ihejoinl engagement team had the appropri8te competence. Capatses and skills to Identsfy or acknowledge r-coMpance with appbcable laws and reguiabons We Klentified the Liws and reguLitsons that apply lo the company ihrough discussions with olhw directors and managws. and Irorn our cormwcsal knowledge and experience ol the sector We focused on specrfic laws and reguialioTrs that we thoughl could have a significant direct Impact on a company's finarKial statements or operabons. Including legislatson such as the Companies Act 2006. xaon legisla1n. daL3 proteclion. ants-bribery. employment enwronmentsl health and safety legisla1n We assessed compliance with the taws and regulations sel out above by making management Inquiries and examining legal correspondence and Idenried laws and regulations were roubnely communicat within the audit team and the leam remainecl alert to non-coMance thTouglvJut ihe audit We assessed the susceplitNlity ol the company'5 finawal ststements lo material misststemenL Including gaining an understBrKJing ol how fraud may (tcur. by. Make inquines from management abwl whwe tfv thought there was a tendency to
fraud. th1 knowledge of genuinely su5cted and alleged fraud.
Consider the inlemal controls in place to mitigate the nsks of fraud and non-compbance
th laws and regulal
In der to aJress the risk of fraud through Managernl bias and disregard ol controls. we
Perf¢)rm analytral wcredures to #Jentsfy any unusuèi or unexpected reiats'onships.
Test accounling records for unusual transactions
Assessing whelheriudgments and assumpbons made in amwng at Ihe accounbng
esbmales Indicate p)ssible bias.
Investigate the lo9 behind SrtIficant or unusual Iransaciths.
In re5p)nse to the nsk ol Irregulanty and non-ctynplonce with laws and regulatsons. we de51gned
procedures Ihat Induded. but nol ljmited
Agree financsal sialement disclosures to basic supportin9 documents,
Read the minutes of meetings of those charged wilh govemance.
Inquire of management regaiding actual and potential ljligabon and claims.
Review corTesporKlence with HM Revenue & Custom5. relevant regulators and the
company's legal adwsers
There are Inherent bmrtatThis In our audit procedures descriw above The more laws and
regULAtnS are removed from financial transacbons ihe Less tskeiy il is Ihal we would become
aware of non<ompbance Auditsng standards also tsmil the audit procedures required lo Identify
non