Docusign Envelope ID.. 598C1E3990D244B>ABB&96307CD291 F9
Charity number: 1205167
CASTELL HOWELL FOODS CHARITABLE FOUNDATION
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

Docusign Envelope ID.. 598C1E3990D244B>ABB&96307CD291 F9
CASTELL HOWELL FOODS CHARITABLE FOUNDATION
CONTENTS
Page
Reference and Administrative Details of the Charity. its Trustees and Advisers
Trustees. Report
Trustees. Responslbllltles Statement
Independent Examiner's Report
ststement of Flnanclal Aetlvltles
Balance Sheet
Notes to the Flnanclal Statements
9-14

Docusign Envelope ID.. 598C1E3990D244B>ABB&96307CD291 F9
CASTELL HOWELL FOODS CHARITABLE FOUNDATION
REFERENCE ANO ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE PERIOD ENDED 31 OCTOBER 2024
Trustees
Gethin T Thomas, Chair
Edward Morgan, Trustee
Gayle Budden, Trustee
James Nigel Owen Williams. Trustee
Ffion Haf Moseley, Trustee
Charity registered
number
1205167
Principal office
Castell Howell Foods Limited
Cross Hands Food Park
SA14 6SX
Accountants
MHA
Chartered Accountants
MHA House
Charter Court
Swansea Enterprise Park
Swansea
SA7 gFS
Page 1

Docusign Envelope ID.. 598C1E3990D244B>ABB&96307CD291 F9
CASTELL HOWELL FOODS CHARITABLE FOUNDATION
TRUSTEES. REPORT
FOR THE PERIOD ENDED 31 OCTOBER 2024
The trustees present their report with the financial statements of the charity for the year ended 31 October 2024.
The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (effective 1 January 20191.
OBJECTIVES AND ACTIVITIES
Objectives and aims
Public benefit
In Complian￿ with their duly under section 17151 of the Charities Act 2011, the Trustees have had due regard to
the gLJidance published by the Charity Commission regarding public benefit and they and the Charity are ever
mindful of the legal requirement that its purposes, i.e. its objects, musl be for the public benefit pursuant to the
Act, so that the public, whether local, national or inlernab.onal benefit generally.
The Foundation's charitable objectives are for public benefit to promote following..
Relief of poverty and improvement of life conditions for disadvantaged individuals.
Environmental preservation and sustainability.
- Advan￿ment of sustainable food systems and diets.
Education on healthy eating.
Preservation of Welsh culture and heritage.
The Foundation achieves these objectives through the grants it awards to the community.
Achievements and Perfomiance
In its first year, the Foundation received a £250,000 donation from Castell Howell Foods Limited. enabling it to
begin fulfilling its mission.
The Foundation used these funds lo help support the following charities during the year..
Clwb Rygbi Ddraig Goch Gaiman
Faith in Families Charity
The Dean & Chapter of Brecon Cathedral
Invictus Charity
Noah's Ark Children's Charity
Swansea Bay Foundation
ABC of Opera Limited
The Foundation also granted a number Supply Chain Development Grants during the year.
During the year the Foundation made a surplLJS of £161,400 and held Ljnrestricted reserves of £161,400 al the
year end. The Foundation does not have any formal reserves policy and will hold funds to support ils mission.
Structure? governance and management
Castell Howell Charitable Foods Foundation is a registered charity, controlled by its governing document and is
constituted as a charitable incorporated organisalion.
Methods of appointment or election of Trustees
The management of the charity is the responsibility of the Trustees, who are elected under the terms of the
governing document.
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Docusign Envelope ID.. 598C1E3990D244B>ABB&96307CD291 F9
CASTELL HOWELL FOODS CHARITABLE FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE PERIOD ENDED 31 OCTOBER 2024
Induction and training of Trustees
Trustees r￿1ve training and induction as required, depending upon their background and their roles as
Iruslees in other charities. Skill shortages of the board are kept under regular review.
Risk management
The Iruslees have identified and reviewed the risks to which the charity is exposed and have implemented
appropriate systems and controls to manage those risks.
The main risk facing the charity is the sourcing of funds., at present the charity is reliant upon a single donor,
who is also considered a related paty of the charity. The Iruslees do not expect a reduction in support from the
main donor in the foreseeable future. As the main expenditure of the charity are grants, which are at the
discretion of the trustees, the trustees consider that the charity is a going concern.
Approved by order of the members of the board of Trustees and signed on their behalf by..
James Nigel Owen Williams
Dale.. June 19, 2025
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Docusign Envelope ID.. 598C1E3990D244B>ABB&96307CD291 F9
CASTELL HOWELL FOODS CHARITABLE FOUNDATION
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE PERIOD ENDED 31 OCTOBER 2024
The Trustees are responsible for preparing the Trustees. Report and the financial statements in accordan
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢￿pted
Accounting Practi￿}.
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial period which give a true and fair view of the stale of affairs of the Charity and of ils incoming
resources and application of resources, including its income and expenditure, for that period. In preparing these
financial statements. the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting estimates that are reasonable and prudent,.
stale whether applicable UK Accounting Standards IFRS 1021 have been followed. subject to any
material departures disclosed and explained in the financial stalemenls.,
prepare the financial slalements on the going concern basis unless il is inappropriate lo presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the Charity's transactions and disclose with reasonable accuracy at 8ny time the financial position of the Charity
and enable them to ensure that the fi'nancial slalemenls comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for tsking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on its behalf by..
W Wi￿0)￿5
James Nlgel Owen Wllllams
Dale.. June 19. 2025
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Docusign Envelope ID.. 598C1E3990D244B>ABB&96307CD291 F9
CASTELL HOWELL FOODS CHARITABLE FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE PERIOD ENDED 31 OCTOBER 2024
Independent Examinerfs Report to the Trustees of CASTELL HOWELL FOODS CHARITABLE
FOUNDATION I'the Charity.)
report to the charity Trustees on my examination of the accounts of the Charity for the period ended 31
October 2024.
Responslbllltles and Basls of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Ael 2011 {'Ihe 2011 Acl'l.
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 14515}Ibl of the 2011 Act.
Independent Examiner's Statement
Your attention is drawn lo the fact that the Charity has prepared the accounts in accordance with 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
IFRS 1021 in preference lo the Accounting and Reporting by Charities.. Statement of Recommended Practice
issued on 1 April 2005 which is referred to in the exlanl regulations bul has been withdrawn.
I have completed my examination. I confimi that no matters have come lo my allenlion in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act,. or
the accounts do not accord with those records,. or
the accounts do not comply wth the applicable requirements concerning the form and content of
accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fairf view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Signed=
Dated.. 19 June 2025
Rachel DoWe ACA DChA
MHA
Chartered Accountsnts
MHA House
Charter Court
Swansea Enterprise Park
Swansea
SA7 9FS
MHA is the trading name of MHA Audit SeNices LLP, a limited liability partnership in England and Wales
(registered number OC4555421
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Docusign Envelope ID.. 598C1E3990D244B>ABB&96307CD291 F9
CASTELL HOWELL FOODS CHARITABLE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD ENDED 31 OCTOBER 2024
Unrestricted
funds
2024
Total
funds
2024
Note
Income from:
Donations and legacies
250,000
250,000
Total income
250,000
250,000
Expenditure on:
Charitable activities
88,600
88,600
Total expenditure
88,600
88,600
Net movement In funds
161,400
161,400
Reconclllatlon of funds..
Nel movement in funds
161,400
161,400
Total funds carried fonNard
161,400
161,400
The Ststemenl of Financial Activities includes all gains and losses recognised in the period.
The notes on pages g 10 14 form part of these financial statements.
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Docusign Envelope ID.. 598C1E3990D244B>ABB&96307CD291 F9
CASTELL HOWELL FOODS CHARITABLE FOUNDATION
BALANCE SHEET
AS AT 31 OCTOBER 2024
2024
Note
Current assets
Cash al bank and in hand
170.000
170.000
Current liabilities
Creditors.. amounts falling due within one year
18,600}
Net current assets
161,400
Total assets less current liabilities
161,400
Net assets excluding pension asset
161,400
Total net assets
161,400
Charity funds
Reslricled funds
10
Unreslricled funds
10
161,400
Total funds
161,400
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Docusign Envelope ID.. 598C1E3990D244B>ABB&96307CD291 F9
CASTELL HOWELL FOODS CHARITABLE FOUNDATION
BALANCE SHEET ICONTINUEDI
AS AT 31 OCTOBER 2024
The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by..
James Nlgel Owen Wllllams
Dale.. June 19, 2025
The notes on pages 9 10 14 form part of these financial statements.
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Docusign Envelope ID.. 598C1E3990D244B>ABB&96307CD291 F9
CASTELL HOWELL FOODS CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
General information
Castell Howell Foods Charitable Foundation is a charitsble company limited by guarantee and is
gistered with the Charity Commission in England and Wales (Charity Registered Number.. 12051671.
In the event of the Charity being wound up, the liability in respect of the guarantee is limited lo £1 per
Member of the Charity.
The address of the registered office is given in the Charity information on page 1 of these financial
slalements. The nature of the Charills operations and principal activities are detailed in the Trustees.
Report.
The significant accounting policies applied in the preparation of these financial slalemenls are sel out
below. These policies h8ve been consislenlly applied to all years presented unless olhetwise staled.
Accountlng pollcles
2.1 Basis of preparation of financial statgmgnts
The financial statements have been prepared in accordance with the Charities SORP {FRS 102}
Accounting and Reporting by Charities.. Statement of Recommended Praetice applicable to charities
preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
Castell Howell Foods Charitsble Foundation meets the definition of a public benefit entity under FRS
102. Assets and liabilities are initially recognised at historical cost or transaction value unless
otherwise staled in the relevant accounting policy.
The financial statements are prepared in sterling which is the functional and presentational currency
of the Foundation and are rounded lo the nearest pound.
2.2 Going concern
IThe trustees ¢onsider that there are no material Un￿rtaIntieS about the Charity's ability to continue
as a going concern and on that basis, the financial statements are prepared on a going ¢on¢ern
basis.
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Docusign Envelope ID.. 598C1E3990D244B>ABB&96307CD291 F9
CASTELL HOWELL FOODS CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
Accounting policies (continued)
2.3 Significant judgements and estimates
In the application of the charills accounting policies, the trustees are required to make judgements,
estimates and assumptions about the carrying amounts of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experien￿ and other factors which are considered to be relevant. Actual results may differ from
these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo
accounting estimates are recognised in the period in which the estimate is revised if the revision only
effects that period, or in the period of the revision and future periods if the revision affects both
current and future periods.
Provisions and contin
encies
Provisions are recognised when the Charity has a present obligation as a result of a past event and a
reliable estimate can be made of a probable adverse outcome. Othemise, material conlingenl
liabilities are disclosed unless a transfer of economic benefits is considered remote. Conlingenl
assets are only disclosed if an inflow of economic benefits is probable.
2.4 Income
All income is recognised once the Charity has entitlement to the income, il is probable that the
income will be received and the amount of income receivable can be measured reliably.
Other income is recognised in the period in which it is receivable and lo the exlenl the goods have
been provided or on completion of the service.
2.5 Expenditure
Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic
benefit lo a third party, il 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 classified by
activity. The costs of each activity are made up of the lotsl of direct costs and shared costs,
including support costs involved in undertaking each aclivily. Direct costs allribulable lo a single
activity are allocated directly lo that activity. Shared costs which contribute lo more than one activity
and support costs which are not allribulable lo a single activity are apportioned between those
activities on a basis consislenl with the use of resources. Central stsff costs are allocated on the
basis of lime spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
Grants payable are charged in the period when the offer is made except in those cases where the
offer is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject lo Conditions which have not been met al the period end are noted as
a commitment, bul not accrued as expenditure.
2.6 Charitable activities
Costs of charitable activities include grants made and governance costs.
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Docusign Envelope ID.. 598C1E3990D244B>ABB&96307CD291 F9
CASTELL HOWELL FOODS CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
Accounting policies (continued)
2.7 Governance costs
Governance costs comprise all costs involving the public accountability of the charity and ils
compliance with regulation and good practice. These costs included costs relating lo examination
fees and legal fees.
2.8 Taxatlon
The charity is exempt from lax on ils charitable aclivilies. Irrecoverable VAT is ch8rged against the
expenditure heading for which il wss incurred.
2.9 Cash at bank and In hand
Cash at bank and in hand includes cash and short-lerm highly liquid investments with a short
malurily of three months or less from the date of acquisition or opening of the deposit or similar
account.
2.10 Llabllltles and provlslons
Liabilities are recognised when there is an obligation al the Balance Sheet dale as a result of a past
event, il is probable that a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay lo settle the debt or the
amount il has received as advanced payments for the goods or seNices it must provide.
Provisions are measured al the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rale that reflects the risks specific lo the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.11 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised al transaction value and
subsequently measured al their settlement value with the exception of bank loans which are
subsequently measured al amortised cost using the effective interest method.
2.12 Fund accounting
General funds are unrestricted funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
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Docusign Envelope ID.. 598C1E3990D244B>ABB&96307CD291 F9
CASTELL HOWELL FOODS CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
Income from donations and legaeies
Unrestricted
funds
2024
Total
funds
2024
Donations
250,000
250,000
Analysis of grants
Grants to
Institutions
2024
Total
funds
2024
Grants
85,000
85,000
Grants paid
2024
Clwb Rygbi Ddraig Goch Gaiman
Supply Chain grants
Faith in Families
2,000
15,000
2,000
25,000
25,000
1,000
10,000
5,000
The Dean & Ch8Pter of Brecon Cathedral
Invictus
Noah's Ark Children's Charity
Swansea Bay Foundation
ABC of Opera Limited
85,000
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Docusign Envelope ID.. 598C1E3990D244B>ABB&96307CD291 F9
CASTELL HOWELL FOODS CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
Analysis of expenditure by activities
Grant
funding of
actlvltles
2024
Support
costs
2024
Total
funds
2024
Direct costs
85,000
3,600
88,600
Independent examlner's remuneratlon
2024
Fees payable lo the Charills independent examiner for the independent examination of
the Charitys annual accounts
3,600
Stsff costs
The average number of persons employed by the Charity during the period was Nil.
No employee received remuneration amounting to more than £60,000 in either year.
Trustees. remuneration and expenses
During the period, no Trustees received any remuneration or other benefits.
During the period ended 31 October 2024, no Trustee expenses have been incurred.
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Docusign Envelope ID.. 598C1E3990D244B>ABB&96307CD291 F9
CASTELL HOWELL FOODS CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
Creditors- Amounts falling due within one year
2024
other creditors
Accruals and deferred income
5,000
3,600
8,600
10.
Statement of funds
Statement of funds - current period
Balance at
31 October
2024
Income Expenditure
Unrestrleted funds
General Funds
250.000
188,600)
161,400
11. Related party transactions
During the year. the charity recieved donations from Castell Howell Foods Limited lotalling £250,000.
Page 14