m)rat Davles Charfty Contgnts of th• Finaneiwl Ststement• lorthe Y•ar Ended 6 Aprfl 2023 Reference and Admlnlstratlv8 Detalls Report ofthé Ttee5 2 to 4 Report ofthe Independent Audltors S to 8 Statement of Flnanclal Activities Balance Sheet 10 Nrte3 to tho Fln•nclal Statements 11 to 18 Detalled Statemgnt of Flnanclal Actlvltlgs 19 to 20
r•t Davkn crffy R•lgrence and Adminl8tratlve Dotslt8 lorthe Year ErKled S Aprfl 2023 TRUSTEES D Davies Chair Dr D F Balsom DrJ D Lewis T Wlliams Mrs E M Gdbey PRINCIPAL AODRESS PFa5 Dolerw Miword Road Powys SY16 2EH REGISTERED CHARITY NUMBER 235589 AUDITORS Morgan Gfiffiih5 LLP Ch8rtered Accountsnts Stsiulory AudiloT Cross Chambers 9 Htgh Street Newtown SY16 2NY BANKERS HS8C Bank Pk The Cross 1 Broad Street Powys SY162LX INVESTMENT FNAGERs Ralhbones Group PLC 8 Finsbury Circus London EC2M 7AZ Page I
ntsryar6t Davlo8 Charlty RgPQrt of th• Tru¥tseB forth? Year Ended S Aprfl 2023 The trustees present thr report wf(h the financial statements of the charity for the year ded 5 April 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Rewmmended Practice applicable lo charities preparing their accounts In accordance with the Finanual Reporting Standard applicable in the UK ané Republic of Ireland IFRS 12> {effective 1 January 2019}. OBJECTIVES AND ACTIVITIES Objectlvos and alms The Iruslees confim) that they have referred to the guidance contained in the Charity Commission's general guidar£ on wblic bert when reviewing the Charity's aims and objectrves and in nning future activities and settlng the grant maknrwJ poIY forthe year. The Charity carries out these objectwes by paying grants at the Trustee's discretion for chariiable purposes to organisalion8 whkh benefft the people of Wales and to other registered charities (based mainly in Wales) for the benefrt of the following-. . Tr visual arts - The perforrning arts . EdLalon - Health & Socigl - ProvisIc fcf youth Projects that were Start by the sisters, or insplred by them. would seem e5pecialty apprwate for donations. Grantmaking The Iwslees make charitable grants lo organlsatlons lch benefft the people of Wales and lo other charitable or9anisations wh¢ch are mainty Welsh. ACHIEVEMENf AND PERFORMANCE The charity has succeeded in awarding grants amounlkng lo £331,794 12022 £231,285} whiGh have been funded frcth irKome recewed from investrnents forlhe year of£258.231 (2022 £220.719). The Slment of Finanoal Actwities shows a dthil in the net movement of funds for the year of £1,100.949 12022 surplus £593,482), and the general fund stands at £9,279.40412022 £10.380,3531. The trustees have made a4vards of grdnls in the year in aCcOrdar with the ob]ectNes ofthe tharity. The tharity's wholty owngj subswjiary 1Oklsh T(AYn Planning & Housing Trust Ltd reported a rtet1088 for the year of £115 {2022 £172 bss). FINANCIAL REVIEW Principal fundlng source5 The charities main source of inDJme is provKled from income generated on Its investment portfor. Realised ins of equrfi85 sold ore reinvested in equiiies in the investment portfotio to promote further income. Page 2
Ilaryar¢¢ D•vle8 Ch#rfty Report ofthe Tnwt•e8 for thè Y•ar Ended 5 Awll 2023 FINANCIAL REVIEW Investment policy and objeGtlves The objectwe of the Dawes Charity's endowment funds is to mairtan a balance betrn the achievement of capital appreGBtion and the provis¢on of a reasonable level of income so as to maintsin thg real vue of that income. The trustees of the Davles Charity's endowment funds have aceepted a medium lo hh degree d risk for their investment portfolicL8. The re8ponsibilty of the day to day management of the charivs investment assets S wflh the Rathbone8 Greenbank who have discretionary managemenl powers with effect from 14th January 2022 under the established investment lIcY agreement which was eslablished by the charity on the 8th May 2012 and updated folknvlng a revlthv on the 16th September 2022. The appointrnent of the investment manager Is on a discretionary basis. Accordingly the investrnent manager accepts responsibility on a continuing basis for takirvJ investmnt acti¢M as and when apwpriate in accordance with the Investment Policy. Reserves pollcy The Injslees hold the capitsl element of the ortginal endent together wlh the accumulatton of ca1 gains in order to generate income to provKle funds lo make charitable contributions in acts)rdance with ts Trust Deed. Thls18 considered to be necessary as the charity has no fund raising capacity. trustees will maintain a reseNe equlvant to slx months incotr* in order to meet management and adminbstration expenses as they ae and lo be in funds to meet dritable eypenditure. The trustees moni the Situalion at their biannu81 meetirgs. The Ve1 of free reseNes at the year is £9,191.99212022 £10,322,374}. FUTURE PLANS The Truste8s and the new Director have been workiny lo update and modemi88 the Charitys pOIleS, systems, procedures and grant-making processes, with the objective of becoming more efftient and better-ttying ts most eff&twe grantees. The Trustees continu810 meet at least1h times a year to deLide on grants and agree on future strategy. STRUCTURE, GOVERNANCE AND MANAGEMEiir Govemlng documgnt The Margaret Davies Charity {al80 known as The Gwendoline and Margaret Davies Charity) was conslilLrted by a Twsl Deed in 1934 and is a registered tharity. The Trust Deed Irrevocab dedicated in perpetuity for charlable purposes all investments hekl by or transteTred to the trustees on behall of the charity. Recrultment and appolntment of new trustees Trustees have the power to appoint a¢klilional trustee8 as they consider it approprfate to do so. The charity is organised sc that the trustees m8et four rneS a year to manage ib affair3. wf(h the routine management of Is affairs being dealt with by the Chaimlln. The Por of offi¢e for Injstees is open, and the Tnt Deed stsles that the total number of tntee5 shall not exceed fNe. Organlsatlonal structure The organwlion employs one person to cany out day to day operations, reporting lo the Chairman. The key management personnel are the board ofTnBtees who receive remunerath)n. Inductlon and tralnlng of new trusteeg Trustees have been chosgn for their knowledge and experience of charty work over the years and through the nature of their app)inlments undergo continuous profegsional development. Page 3
Maryaret Davtès Charlty Report of the Truslees forlhe Year Ended 5Aprll 2023 STRUCTURE. GOVERNANCE AND MANAGEMENT Related parties The chaiity has a wholly owned subsidiary, Welsh Town Planning and Housing Trust Limited. In accordance with the Chanlies Act reqoirements lor groups. consolidated accounts have not been prepared because Ihe group income is Ixlow £1.000.IX4]. The charity operates in Ihe same building as another charity. The Vronhaul Iuandinaml Charity. The tNstee8 of Maruarel Davies Charity are the same as The Vronhaul ILlandinaml Charity. STATEMENT OF TRU5TEES' RESPONSIBILMES The Iwstees are responsible for prepanng the Rewrt of Ihe Trustees and the finanal statements in acwrdance wth applicable law and United lQngdom Acu)unling Standards {Uniled ngdoM Generally ApIed A(nIng Praclicel. The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulats'ons 2008 and the provisions of the trust deed requires the Injslees to prepare financAal statements for each financial year sthich give a true and fair view of the stale of affairs ol the tharily and of the incoming resources and application of resources, induding the income and expenditure, of the chanty for that periuj. In Preparing Ihose finanaal slalements. the Iruslees are requirEd lo Select suitable accountiiig polieAes and then apply them consistenuy., observe the rnelhods and princAeS in the Charity SORP,. make judgements and esb"males that are reasonable and prudent., prepare the financial slalements on the golng con basis unless il Is inappropriate lo presume Ihal Ihe charily will contsnue in business. The trustees are SpOnSible for kee.ng proper accounting records ¥thich disdose wilh reasonable accuracy al any time the financial of the eharit!. and lo enable them lo ensure that the finanoal stslements comply with the Charits'es Act 2Q11, the Charity (Accounts and Reports) Regulatrons 2008 and the provisions ol the tru31 deed. They are also responsible for safeguarding Ihe assels ol the charity and hence for taking reaSOnae sleps forthe prevenbon and detection ol fraud an(J olher irregularities. Approved by (¥der of the board of trustees on 8 Decernker 2023 and signed on rts behalf by.. D tlavie5- Trustee Page4
R•port rfth• hMkdOnlAUdIt0rn to th• Tn•ts•• of
Oplnlon
We have audltejj the finan¢•l kIre1 D•v4¥ Chaiity (the 'dwiil) fry the year endfyJ
5 April 2023 whith the Statement cl FirMrml Pdplibes. the BaL4nce Sheet ald notes to th8
financHI statements, indud1 a suwffiary cl signifKant xcounling pdKi95. The financkql rewting
framework that has been applied in their Preparati¢ is aPObkn t•v and United Kirythm Accounting
Stand8 (Uned lQngthTh Genefalty Acceplwj AccLwitry Prn¢l¢).
In our opin¢on the finana81 statements..
gi a true and fair vithv of the st ( the allair8 a¥ at S A1[ 2023 and d its inc>)mir4J re¥our
and applKalK>n of resww, for the year end6g..
and
. hwe preparad in •xordancewith ofts Charitie• 2011.
B8 for oplnlon
We conducaed our aLwJtt in 8C¢(xdan 7Arfth Intem8twal St8rthrd¥ M Auditlng {UKI (ISA8 {UKII And
applicable I. Our responslbilitie¥ urKlar those slandards are further desul in the Auditors,
rgsponsojititw for th8 aLvJbt (rf th& fttwndal statthne Sect crf our rewt. We are independent of th8
charity in ?larKe with tha ethiG81 requirements that are relevant lo our audit of th& financial sla18r1nts in
the UK. including the FRC EthKal Standth. ar•J we have luffilled our othér ethlcal re8ponsibilrt8 in
rLcordance with these requirem8nts. belle¥e that tho awjit we h8¥a obtained 15 BLrffictht and
apwopriate to provvje a basil for wr cynion.
Condwdlom ftl•tlng to golng ¢onc•m
In auditing the financial statenth. have 0)nd1J the truste88' uso of golThJ L¥)nwn bosis of
8a8ed on the work we haw perfomied, ha I1 identffj any matwial uncwtsinlies rel8tlrvJ to e¥enl8 or
¢onditton8 th8t. Ind181 Of cdledNdy, rTW C•St sKJnffKant ¢Ubt on the chartys abiltty to continue 33
golng for a period ol at least t rThJrth• frcffi financial statwner)ts we author18ed for
Our re8pon81bilst$ and the respwbillhx ol the trustees wth rw to goirwj v)nc4m are descnbed in thè
relevant ofthk8 reFwJrt.
Other Inforniatlon
Tho Iru8lee$ are rew81ble for the thr infcffl)th. Th dher infixThtiOn c
Report ofthe Ind•p6ndènt Audltorn to t Tn•tse# of Margaret Oavle8 Charlty Responslbllltles of trustees As explainèd more fully in the State[nt of Tru5tees' Responsibilities, the trustees are responslble for the preparation of the financk81 slalements whtch give a true and fair v¢8w, and for such intemal Gontrol as the trustees deteThnine is necessary to enable the prepardtion ol financral slalements that are free from material misstatement, whether due to fraud Of ermr. In preparing the financlal 8tat*nent8, the trustee8 awe responsible for assessing the ¢hartys abilty to continue a8 a going concern. di8c108ing. as applicable, matters rgloled to going concern and uslng the going concam basls of accountlng unless the trustees either intend to liquidate the charlty or to cease operations, or have no reatiSt altematNe bul lo do so. Pag• 6
Reportof thè Indopond9ntAudltors to th• Tw8tee• ol Margar•t Davle8 Chartty Our responslbllltle8 forthe audlt of the Ilnanclal ststements We have been appointed as aLKlitors urKler Seclion 144 of th8 Charibes Acl 2011 and report in acCanCe wbth the and relevant regulations m8d8 or having effect thereunder. Our oblectNes are to obtain reasonable assuranc8 Sbout whelhér the financial statemènts as a whole are free from material misstatement, whether due to fraud or ermr, and to issue a Report of the IndeFendent Auditors that Includes oyr opinion. Reasonable assuranco is a high level of a$5urance, but 1$ not a guarantee that an audit conduded in accordance with ISAS {UK) will thays detect a moterial misslatemant when it exists, Misslatemenis can arise from fraud or orror and are considered material if, IrKllwdually or in the aggregate, they could reasonabty be eypected to Influence the economic decisions of users taken M the ba818 of these financi81 statements. The extent to whlch our procedure8 are eapabK8 of detecting Irrngularitie8, Includlng fraud 18 datslled bekm.. Our 8ppro8ch to Ktenlfying and 8$8e88ing the rhks of material misstalamnt in re8p¢¢I of irregularilles, In¢ludlng fraud and non<ompllan¢?wlth law8 and regulations, was 88 follows.. -the engagement partner ensured that the engagement team collectively had tho appropriole comwence, capabilit108 and 8kllls to identify or recognise non<ompliance with applicable laws and regulallon8.' we identified the law8 8nd regulation$ oppli¢ablg to thg charity through di8CUS8ions wilh m8n8gemant, aThY from our kncwledge and expertence of the Charty 88clor,' locused on specific laws and regulations whlth wa con81dered may have a dire¢ matedal effect on th8 ilnanckq5 5ts1emenls or the opèrations of the charity, Including relevant legislallon such as tho Chafkl88 Act 2011, laxalion legi818llon. employment, environmental and hèatth and 8af8ty18913lallon: 8sse888d tha èxtènt of ccmpllance wilh the laws and regulatiC8 Identffied 8bovo through maklng •nqulrle8 of man8gemenl and In8pedno relevant corresponden. We assessed the 8usLxptibilty of the ch8rity'8 finandal stsl¢mont8 lo matertal mis¥tatemnL irthdlng obtaining an under8t8ndlng of h¢)w Iraud mlght occur, by.. aklng enqui98 of managemgnl as lo where they con8id8rod th8r8 w88 SU8ceplibilty to fraud, their knowledge ol actual, 8U8PgCted and allegad fraud.. on$ldering the Inlemal control8 in pthe to mitigate risks of fraud and non<0mplia wlth lth¥J and regulatKJns. To addre88 the riBk of fraud through man•gemenl blas ond ovethde of conlroLry, we.. erfomied analyts'cal PTttedure$ lo Identify any unu8U81 or unexpethd relalion8hip$'. 49vithved nomSnal ledgers and leBled uMa1 entries reports to Idantty unusual Iran$a¢tlon8', ssessed whether judgements a88umptlon8 mode In detem)inlng the aryuntIng eBtimale6 were kndl¢allv8 of potentLg1 blo8. In re8pon8e to the risk of irregulariti88 and non<ompllan¢e wRh I8 and rogulatlon8, we designed pror¢S whKh Included, bul were not Ilmw to.. greeing financial stalennt di8closures to undedylNJ 8UPPOrting mentalIOn', -reading the mbnutes of meellng8 of those chaffjed with govemanc8', -revlth¥ing COTrespondon¢e with HMRC. There are inherent Ilmtslion8 in our audit prowJure8 described above. The more rwnoved that laws and regulations are from financial Iran8action8, the less Ilkely il 18 that we would become aware of non<ompliance. Audf(ing standards also Ilmll the audit procedures requlred lo Ident non<ompliance with I&v8 and regulations to enquiry of the Irustea and other man8goment and the inspection of regulatory and al corresponderKe, if y. Materfal mlsslatements that arise due lo freud can be haTder to detect than those that gri8e from error as they may involve dellbefate nCe*1Ment or collu510n. A further descripn of our responsibilit$ for the audit of the finanGval 5taterrtnts is located on the Financial Reporting Cou11.5 website at wwA¥.fr¢.org.ukJauditoTsresponSibilil5. This descrption fomis part of our Report of th? Independent Audit¢Jrs. P¥gè 7
R•port ofth• Ind•p•nd•ntAudftorn to thg Tru¥tee¥ of Maryaret Da¥le8 Charfty Use of our report Thi5 report is made solely to the chariirfs trustees, as a boty. in accordance wth Part 4 of the Charit*s IAccounls and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale lo the ¢hariVs trustees those matters we are required to stale lo them in an auditors. report and for no other Pu05e. To the fullest ext1 pemitted by law, we do not accept or assume respon$bi ilty to anyone other than the charity and the charitls truslee8 as a ljody, for our audit wort for this reporL or for the opinions we have fomied. Morgan Grilffths LLP Chartered Accountants Statutory Auditor CrD&8 Chambe 9 High Street Pcy•VyS SY162NY 8 D&ember 2023 Page 8
hlaryarot Davl•s Charlty ststement of Fln8nel*l ActlvlW•¥ for thè Y•4r End•d S Aprfl 2023 SA.23 Unrnstrfet•d fund 5.4.22 Tolal ndB Notes INCOME AND ENDOWMENTS FROM Irwestment income Other income 258,231 220,719 123 Total 220.842 EXPENOITURE ON Ralslng funds Investment managèmènt C08ts 64,830 44,167 44,187 Charltabl• •¢tlvltl Awarding Gran18 Education of the public In the Art• 384,476 116 266,425 123 Totsl 419,421 310.715 Net gain81{ISejI on Investments {939.874 883.355 NET INCOMEIIEXPENDITURE) 11,100,949) 593,482 RECONCIUATION OF FUNDS Tolal fund8 Ixought forward 10,380,353 9,786,871 TOTAL FUNDS CARRIED FORWARD 9,279,404 10.380,353 The nobs fomi wt OfItr finanool stat•m•nts Page 9
Margafei Davies Char6ty Balance Sheet 5 April 2023 5.4.23 5.4.22 Unrestrficled fund Total bjnds Notes FIXED ASss Tangible assets Investments 905 86,507 1.357 86.622 87.412 87.979 CURRENT ASSErs st¢Jd(s Debtors Investments Cash al bank and in hand 10 1.525 6.836 9.045.712 208,513 1.640 105,502 9,738.672 550,368 12 9262,646 10.396.182 CREDrroRS Afflounts falling due within one year 13 (70.6541 173,8081 CURRENT ASSErs 9,191.992 10.322.374 TOTAL ASSEfs LE55 CURRENT UABILMES 9.279,404 10.410.353 CREDoRs Amounts falling due after more than one year 14 130.0001 NAssErs 9.279.404 10,380.353 FUNDS UnTEStncted fund5" General fund 15 9,279,404 10.380.353 TOTAL FUNDS 9,279.404 10,380,353 The financial 5tatefnents were apprDved by the Board ol Tnjslees and aulhorised for issue on 8 December 2023 and were signed on its behalf by.. D Davies- Trustee The notes fo part olthEse finala1 statement5 Page 10
ret Oavl•B Charjty Notes to th? Flnanclal Slat•m•nts forth• Year Ended S Aprfl 2023 ACCOUNTING POLICIES Basts of preparlng the flnanclal Statements The financial slalements of the charity. which 18 a public fiefit enlty under FRS 102. have been prepared In accordance with the Charities SORP {FRS 102) 'Accounling and Reportlng ty Charities., Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Flnancial Reportlng Stsndard 9pplicable in the UK and Republic of Irelond IFRS 102} {effectfve 1 JanL&qry 20191,. Flnanclal Reporting Standard 102 The Finanoal Reporting Standard applie2bl8 in the UK and Republic of IreLqnd' and the Charities Act 2011. The financial statements have been preparéd undgr the hisl0ri¢81 ¢osl t>)nventkin. w6th th? ex¢eplton of inve8tmenl8 whiGh a induded al markel value. The charity has a wholly owned subsidiary, Welsh Tcwn Planning and Housing Trust LimitgJ. In accordance with the Charit¢e8 Act requirements for groups, consolidated accounts have not been prepared because the groupls Small. Incom• r•cognltlon All Income 18 recrffjnl8ed Sn Ihe Statement of Financi81 Actrvitie8 oncè the charfty has enlillemenl lo the Income. there18 Sufficlent certainty or recaipl 8nd so li 1$ probablo that the income wi11 be rerefved. and thé amount of inccme receivable can be m998ured accuratety. Interest on funds held on depgsit 18 hcluded upon notification of the interest paid or payable by the Bank. Drvidends are reMgnlsed once the dfvidend has been declored and notfficalion has been receW of the dividend due. Thi8 is nomally upon nolificalion by our Investment advi50r of the dividend yiekl of the inv88tmenl portfolb. Expgndlture ro¢0gnltlon Llabilili98 are recognésed a¥ èxp8ndllure a8 soon as Ihgre Is 8 legal or constructive obllgallon commltting the charity lo that expenditure. It h proboblg that a transfer of economic benefilB will be rwuired in Settlement and the •mounl of the oblloalion can bg measured reltably. Expenditure 18 accounted for on an acKruals bgsi$ and ha8 beon classrfied und&r headlngs that aggregate all c081 related to the category. Where costs ¢annot be directly attributed lo partieul8r headings they have been allrated lo ac1fv6 on • basis Cor11¢0nt vAth the of re80ure#. Grants payable are paymon18 made lo third Parti In furthernnce of the tharitable objects of the charlty. Provision8 for grants ara made when the Inlènlion to make the grant h&5 been agieed by the trustee8 at the bi annual meetings held within the financial y88r. Allocatlon •nd apportlonm•nt of cojts Support costs have been differentiated bgWn govemarKe costs and other support ¢ost8. Governance costs comprise of all co818 involvlrtg the public acLounlabilty of the charity and its compllance with regulati?n and good pracllce. Th8s6 co$1$ Include costs related lo statutory audlt and 18981 fe88 togetherwith support costs relating to trustee 8oard mè6tlng8. All govgrnarte and 8UPPOrt costs have been apportioned in full to grant makirwJ. There are no costs to the charity for the aGtivity of 'E(bJcatM?n of th8 publlc In the Arts,. Costs of ralslng funds The costs of generating funds ¢on8lst of investment Magement fees. Charttable athltleg The expenditure on CharItab al¥Ie9 Indud8s grants rrHde, govemance costs and 811PPOrt Costs. Tanglble fix assots DepCiall0n rs provided at the foll1ng annu rates In order to write off each asset over ils estimated I lffe. Comwrter equipment 25% on cost Page11 nbnued...
ryaret Da¥le8 Charlty Nots8 to the Flnanclal Statem•rkts- contlnued forth• Yoar Endod S Aprfl 2023 ACCOUNTING POUCIES- contlnued Related party exemptlon The charity has taken advantage of exemptbn. under the terms of Fingncial Roporting Standard 102 The Financial Reporting Standard appliGable in the UK and Republic of Ireland,, not to disGknse related party tran8action8 With wholly owrd subsidlartes wiihin the group. Taxatlon The charity is exempt from tsx on hs Charitab 8*thIe8. Hlre purchase and leaslng commllments Rentals paid under operating lea¥es are charged to the Statement of Finartid Actmties a straight lirte basis over the period of the lease. Pgnsion Costs and olhor post-retirernent benefits The charity opgrales a defined Gonlribution pension scheme. Conlnl)utions payable to the charity's pension scheme are charged to the statnt of Financial ktivities in the peiiod lo which they retate. Flxed asset Investments The investment in the subsidiary is Stated at the balance sheet date at historThl ¢))st less impaimienl. Currqnt a$vt in¥e5tm•nts Listed investmonts are stated at market value al the balance Sh date. Realised gains and losses on invesbnents. cakulated as the drfference btheen the sales proceeds and their market value at the start of the year. or subsequent cosL are credrted or Char lo the SOFA in the year of gain or loss. Unrealised gains and losses representing the m¢)vwnenl in market values during the year are Lvediled or Gharged lo the SOFA in the year of gain or 105s. Realised and unrealised investment gains and losses are combined in the Statement of Financial Athities, Unlisted investments are staled in thg balance sheet at historical cost. INVESTMEKf INCOME 5.&23 5.4.22 Deposit acccmjnt interest Llsted investments Other irwestments 6.287 250,626 1,318 247 219,154 1.318 258.231 220.719 INVESTMENT MANAGEMENT COSTS SA.23 5.4.22 Portrolm) management Impaiment losses 54.715 115 43.995 172 54A30 44.167 Pag8 12 ntinu...
ltsry•r¢¢ Davles Charfty Nots6 to the Flnanclal Ststemonts- ¢ontlnu•d for the Year Ended 5 Aprfl 2023 GRANTS PAYABLE 5,4.23 5.4.22 Awarding Grants 331.794 231,285 The totsl grants paid to institukns during the year was as follry•VS.' SA.23 5.4.22 Mis¢elPaneou$ under£5,000 Valley Kids M.C.R.A. Canowan Gerdd Wlllam Mathlas Rekindle bergorki Ccfflmunity Hall CwmparG Communty Asswiab'on MKI Wales Opera Hcpe House Charty Elsteddfod Genedlaethcl Cymru The Aoud Charity Carers Trust Wales Tregynon Community Cgnlre Waks Centre for Inlernationai Affairs Canolfan Owain Gtynihvr Centre Plant tyev Nightingale House Hospice Wales Millenium Centre St Paul'$ Famity Cènlre Brwend carS Support Through Courts Elidyr Communf(ies Trust Awei Aman Tawe UPROAR- Wales New Music Ensemble Brecon Festival of Ballet Speakers School I Saints Church, Newtown Y Neuadd Les Amazing Grace Community Foundation Arddleen & DistrKt Autistic Minds Pembroke Frame Mold Choir Gellideg Foundatlon Gmup Jon Egging Trust 134.494 5.000 161.285 5.000 5,000 5.000 5,000 5,000 10.000 5,000 5,000 10.000 5,000 5.000 5.000 5.000 5.000 5.000 s.000 s.000 5,000 5,Q¢JO 5.000 5,000 5,000 6.000 10.000 10,000 50,000 5,OlXI 5,000 5.000 9,800 5,000 331,794 231,285 Pagtr 13 L¥ntinu&J...
M*rprntDavl•• Ctrthrfty Nots¥ tr> th• Flnancw Sl#t8rnffits.o)nllnued forth• Y•ar Ended S Awll 2 TRUSTEES. REMUNERATION AND BENEFITS The trustees all grve freePy (rf their tim& exwiffje witlmxrt any fomi of rwwneralK>n or other bfits in kind or CA8h (2022.. £nii). 6.&23 5.4.22 8TAFF COST8 5.4.23 5.4.22 COMPARATIVE8 FOR THE STATEMENT OF FINANCIAL ACTivmES Unre•trkth3 INCOME AND ENDOYIWS FR(X 220,719 123 Totsl 220,842 EXPENDITURE ON Ralslng fund• 44,167 44,167 Chafhble actlvltl•• Awardlng Grants 266.425 123 Totsl 310,715 Not gain8 on inNYslrn 683.355 NET INCOME 593,482 RECONCIUATION OF FUNDS TcAd furds b1rJJht fryward 9.786,871 Pag• 14
lorthg Yoar Ended S Awll 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVMES. ¢ontlnued fijnd TOTAL FUNDS CARRIED FORWARD 10,380,353 TANGIBLE FIXED ASSETS At 6 April 2022 and 5 April 2023 DEPRECIATION At 6 April 2022 Charge foryear 452 At 5 April 21Y23 BOOK VALUE At 5 April 2023 At 5 2022 1,357 FIXED ASSEf INVESTMENTS Shar#s in group COST LESS IAIPAIRMEKr At 6 April 2022 ImpairnEnts 86.622 1115) At 5 Wil 2023 NEf BOOKVALUE At 5 April 2023 86.507 At 5 Wil 2022 86.622 P*Jè 15 continued...
Mats to th• FlnancL•l Stat¢monl•. contknwd for the Year Ended S Aprfl 2023 &423 5.4.22 1,$25 1.640 11. DEBTORS: APIOUNTS FALUNG DUE WITrHN OPE YEAR 6.4.23 5.4.22 105.502 12. CURRENT ASSET INVESTMENTS 6A.23 5.4.22 Cost or Market Val at 6.4.22 Idibon8 DI8[16 Unre8lised hXseq¥rl 9,738.872 8,380,593 3,362.934 6.361,696 13.166,6061 15.686.562) 1890,3281 702,945 Cogt or Morket value at 5.4.23 9,045,772 9.738,672 9.367294 9,525,4n UnllBtsd InnIS arn rxcKded at ¢(t bac8 ts TnjJt5. b8liwa that obtalnirvJ 4 Profeonal An•ly•kn of Inv••lmgnts •t IAh Aprll b•i*•n fund• 5.42J 5.4.22 6,816.368 911 1229.493 8,737.811 911 999,950 Unli¥ttyJ inve8lmgnts Fixed interest securi 9.046.772 9.738,672 Iruded in Ihe 8b(N8. 1rnfo8 hekj the United Kirodm) for the Chw £3,466,523 12022 £4.633,104) P•3e 16
Maryar•t Davlés Charfty Notss to the Flnanclal Statgments-contlnugd fth9 Year Ended S Aprfl 2023 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 6A23 5.4.22 Other credito 70,654 73.808 14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 5.423 5.4.22 Other creditors 30,000 16. MOVEMENT IN FUNDS movement In fijnds Al 0.4.22 5.4.23 Unrestrkted funds General fund 10,380,353 11,100,949) 9,279,404 TOTAL FUNDS 10.380.353 11.100,949) 9.279.404 Net MOvel in funds. induded in the akne are as follrAvs'. IncomiNJ R8sources Gains and losses Movement I lund5 Unre¥trfGted fund5 General fijnd (419.4211 (939.8741 {1,100,949 TOTAL FUNOS 258,346 {419N211 1939,874) 11,100,949) Comparatlves for rnovement In funds Net rnovernent in fvnd$ At 5.4.22 At 6.4.21 Unrestrlcted funds General fund 9,786.871 593,482 10.380.353 TOTAL FUNDS 9,786,871 593,482 10,380,3S3 P¥g¢ 17 continuad...
lllaryar•t Davle8 Charfty Not•¥ to the Financial Statemnts-tontinuod fof thw Y*ar Ended 5 April 2023 16. P•lOVEMENT IN FUND8 - ¢onlinued Comparative net rnova in funds, included in Ihe above are as folws.. IncomiThJ resources Resources expended Gains and Mmment in funds Unrestrlcted funds General fund 220.842 (310,7151 683.355 593,482 TOTAL FUNDS 220.842 1310,7151 683.355 593.482 16. RELATED PARfi DISCLOSURES The trustees have irtterests in the foikming chorities who have benefted from grants in the year. Ofgani8atK)n ConneclK>n SA23 5.4.22 MCRA Or J D Lew$- trustee 2,¢XIO 5.000 During the year Ihg charity paid rent to MCR4 amounting to £2,542 12022 £Z542}. No anount was (wjtstandirfj at the year end12022 niD. Pe 18
Maryar•t D•vle8 Charlty D•tsii•d StAtèm•nt of Flnandal A¢¥5•3 for thg Ywr End¥d 5 Aprll 2023 5.4.23 5.4.22 INCOME AND ENDOWMENTS Investment Income Dep05it account interest Listed investments Other investments 6.287 250.626 1,318 247 219,154 1.318 258,231 220,719 Other Income Royallws 115 123 Totsl Incomlng resourceg 258A46 220,842 EXPENDITURE Investment markigement costs Portfol¢o management Impainnenl k>5ses for tangible red as¥ets $4.715 43,995 172 44,167 Charltabte artivities Wage8 Pensions Other operating lea¥e$ Office sts Book costs Depreciation of tangble fixed assets Grants lo institutions 19.600 22.119 315 2,542 2.985 123 452 231,285 2,101 115 452 331,794 357,044 259,821 Support Costs Managomènt Marketing 1.149 Financg Bank charges 90 20 Govemance costs Trusl8e8' expenses Auditors, remuneration Insurance Accountancy legal fee8 Costs of meeti8 285 3.960 1,167 156 740 4,560 978 161 748 6.308 6.707 Th* pag8 does nol fcffii part oftho Stst0ry finawial statsmonts Page 19
Mary8rnt Davles Charlty Detalled Ststementof Flnaneial Activ6ti•8 for th• Year End•d 5 April 20rJ 5.4.23 5.4.22 Totsl reXrCeS expended 419,421 310,715 Net expenditure before galns and Iossgs 1161,075) 189.873) Reallsed recognlsed galrffj and losses Reali5ed gainsl{108se8) on investment assets 149WI (19.590> Net expendliure {210.6211 1109.4631 Thls pa doas not lo partotthe statutory finanrial statemBnts P89e 20