Alaryargl Day1￿ Ch•rlty Contants of thg Flnandal Stat•mort19 forthe Year Ended 5 Aprll 2024 Page Roport of tho Trustags 2 to 4 Report Oltho Independent Audltorn 5 to 8 Statement of Flnanclal Actlvllles Balance Sheet 10 Notas to the Flnanclal Statements 11 to 18 Dgtalled Statgmont of FInancI￿ Actlvllles 19 to 20 Maryarot D•¥1￿ Charlty forth• Year End•d 5 Aprll 2024 TRiI3TEES D Davlg5 ICh8lr) Dr D F 88lsom Dr J D Lewis T Wtlllam5 Mrs E M Gllbey E A Rayner l#pp)Inted 8.12.231 PRINCIPALADDRESS Plas Dolep Mllford Road Ngvrtown Powys SY18 2EH REGISTERED C14ARITY NUMBER 235589 AUDFfoR8 Morgan Gthths LLP Chartered Accountants Statutory Audllor Cro89 Ch8mbgr8 9 Hlgh Street SY18 2NY 8ANKER8 HSBC Bank H¢ The CTos8 1 Br08d Street P¢WS SY16 2LX INVESTMENT MANAGER3 R8thbon8s Group PLC 8 Flnsbury Clrcus London EC2M 7hZ Page 1 Maygavèt Oavl•8 Charfty Ryrtofth? Trustws forthe Year Ended 5 Aprll 2024 The trustees pr958nt thelr reF￿ wllh thg finanaal statements of tho ¢harity for the year ended S April 2024. The truste8s have adopted the provlsions of Accounllng and Rgporttng by Charfties: Statement of ReoJmmerKled Practice appliGaLle to Chariti￿ preparing their a￿)Unts In ac(¥)n18nce wtth the Finarml RetA)rUng Slandard applrcable in the UK and Repthlic of Ireland (FRS 102) leffectNe l January 20191. OBJECTIVE8 AND ACTIVMES Oblèctlves and alms The Irustses confimi that they have referred to the guldance contslngd in thg Charity Ccrfnm15slon's weral guldanee on public ber￿ffit when revlewln9 the Chaiitys alms and oblect6ves and In F4anning future ackn￿1185 and setting th8 grant maklng rdlcy forthe yaar. The Charity rArries out these objeciives by paylro grants at the trnstees. dis¢retion for tharitstAe purp)$es to 0ry4anisaknns which benellt the people of Wales and to other wstered charities (based mainty in W￿8$) for the benefft ofthè follovArwJ: - The visual arts . The perforning arts . Educallon - Health & Social . Provision for yOLrth Proia¢ts that woro $10rtod by thg Sistws, or Insplred by thwn, would seem 8SF¢oally apprnprlale for donations. Grantmaklng The lJustees make tharitable grants to organlsalons ￿ benefft people of Welas and to otr charitable organlsafjons whlch are malnly Welsh. ACHIEVEMENT AND PERFORMANCE The charity has succeeded in awarding grants amount6rvJ to £202,330 {2023 £331.794} vthich have been f￿￿d from IKome rece￿ from Irwestments ft￿the year of£280.044 (2023 £258,2311 The Statement of Finantial Acti￿￿e$ shows a surphks in the net movement of fvnds for the year of £40.184 (2023 deficlt £1.100.949), and the ge￿r81 fund stands 81 £9.319,588 (2023 £9,279.4041. The Irustees have made awarri$ of grants in the year in accordance wlth ts ob￿CoveS ofthe charity. The charfvs ￿llY owned subsldlary WeL8h Town Planning & HOUS￿￿j Trust Ltd roFdJtsJ a nel loss for the year of £85.83012023 £115108sl. FINANCIAL REVIEW Prlnclpal fundlng sourcos The ¢harftys maln source of ￿n￿me Is prowded from In￿me generdtsd on its Irweslrnent porlfcrflo. Realised ga￿ of equities sold are relnvested In equitses In the Inveslment portfL450 to promole fvrther inrnme. Pago 2 forth• Y••r Ebmlod 5Aprll % Invo8tm•nt pollGy and objac￿# The obie(the of Ihè Margaret Dames Chaws funds s io mainlafft a balan(¥ b81weon th8 achievement of capi101 apweuabon and ￿ wrr4iSI￿ of a rear4y)abl8 lavet of in¢xfft so as to maintain the rgal of that InccAne. The tsvstO0s of the Margwet Oa¥kn Chwltys fijnds ￿eepI&l a m￿l￿M to IwJh d•grts of The responslblllty of the day to (* rrAnage￿ CA the (*arttr¢s Investrwit assets f￿$ wilh the Rathbone5 Gregnbank have dlscrolknnary fflanag￿ fjff￿t f￿M 14th January 2022 under the established Investrnent pslcy was establislml by tharlty on the 8th May 2012 and The apprAnlment of the Investr￿t managor Is M 8 thsueknary b￿. Acoxdiryty the investrnent managor pts ro¥rf)n$lblllty ￿ a conlinuirvJ basis fcf ¥Wes1m￿ 08 and whan appropFiate tn 8wdance Ihe Investment Pr*. RH•rve• pollcy Thg tru8teo$ tho Ca￿101 of tho er*￿￿?￿rt tcggthw Ihg ac￿mUlatIOn of capllal Tnrnt Deed. Thls18 (xn8ldered to bo rAce8sary as the thgrity has fund rn181ng ca￿￿ty. Th8 trust￿$ wll a re8W¥• ￿u￿ort t) lydw io m¢ot managernent and admlnlstrallon expenses as atse and k) be in io m•8t dwrflatle eypgnthro. Th• tNsteg8 Thg level of free re8oM8 at the end18 £9.318.459 (2023 £9.191.992 FUTURE PLANS Th6 trustees b)Id a dedlcated Strategy m• cne4 a year lo con5hler c￿nge$ to the grant maldng procedures to conllnualty Improve the Ch•rty8 $Y8tems, p￿￿￿dUleS and gr8nt4n8klng prcths883. Thls year changes wern agreed to the grant crltwba wvj guhJ8nce for grant888. Thg trustees wltl (¥JnUnu8 to revl8w tt vlrfjer xKa81 and ewwnl¢ o)ntext for Ihelr grdnl m8kiNd a¢bvibes kn ¢ytser to maxlmS59 the Impad ol funds dhtrfbut•d. Gov•mlng document by a Trust Deed n 1934 and b a registered charfty. tr•n$f8rrad to tho tsv8tee8 ￿ b8halfdlhg dwrfty. RKruttmgnl and appohttm•nt of n6wlnMI• TN8tees have the Pry4¥er to appint a(hJitNThl tnth as IW C[￿S1(59T11 owoprknty to do so. The chadty Is organl8ed so Ihat the tJustges r￿81 four times a yew to manage its affahs. 7it1 U)& mullne managem•nt of 6 affalr8 be5ng deaft with by Ihg Chwr. Thg perK>Y of office lor InJstO85 18 0￿. and ts TA￿1 Deed 8t4te8 that th8 totsl number of tnjslees shall ncrt exe0￿ five. Organlsallon•l struthirn Inductlon and tralnlng of nowtrust Tn* have been c*then for thelr kno* expthfx ol charfty wort ovor and thn)LvJh the nalure of1h￿r apwntrnwbts undwg) continwus WolessK￿ deveknFKnenL The charity tos a wholty thyned &thKliary. Welsh T(Yhm PlannirvJ aThJ Trust Liffmled. In aLtsrdarte inoame L8 bekyAt £1.OtXI.(KX). STATEMENT OF TrUSTEES' RESPON8IBILrnE8 tru$toes are reSpon￿tIO kn prep8rNYJ the Rewrt of the Trustees and ts finar￿181 slat8men18 in accordance thlth appU(2ble law and Unit&1 KI￿d￿j A(xthnkng Standards {Unit•d langdom General Al￿pIed ACc￿n￿r￿j PraclK*). The law applk**te lo iknilies Ni EThJl&)d and W* Ihe Ch8rilits Pd 2011. Charity (Ac￿Unts and Rep￿ts1 Reg￿•t1¢￿￿ 2008 and the of the tr￿t deed trustees to Fware financAal statements for eath finanrial year vltiith guve a true and fair of ts st* of affair5 of and of the irmxmlng resources aThl application of rescwx indu(tiTrJ Ihe ifKX)me e)¥￿K1th. (rf ts dwity that ￿1(mI. In . select suitabb accounting Oicaes and appty (mi*. . makejudgements and estimates Ihat are reag)nthe an(1 charity ￿nIjnu6 En tr￿81n at ary Ime the fmnc481 wsllk)n of the ￿rity and to erth tr*m kn ensure that the financial statements LaNnply wilh tho Charibes A(a 2011. ts Charlty IAu(wnts and RerM)rts) Règulalions 2008 and thg wovtstons of the In￿1 deed. They ar9 dso resp￿￿ for safegu￿￿ the assets of the charty and hence tor tskirwJ Report ofth• Indyndent Audllorn to ts Tn*t8•s of M8rgaT•t Davhs Charfty Oplnlon We have audlted lh8 )Inanclal statements of Margaret D8vI88 Chadty {the 'charfV) for the year ended 5 Apru 2024 whlch o)mprise the Statement of Flnanclal Aetithes. the 8818llLX Sheet and notes to the fÉnandal statements. Inc￿dIng a Summary of ¥ignsffcant acc￿j￿ting polid8& Th8 financlal rapryttng frsmowwk Ihal has been applied in thelr propoTr1ion Is oppllcable law and United Kingdom AccountirvJ Standards Iunltsd KH￿d0m Generalty A￿pIed Ac(x)unting Prddcè). In Our oplnion the finanaal statements: give a INe and falr vlaw of tha stat• of the ¢harfV$ affalrn es at 5 Aprl 2024 and ol Its IncAmlng resources and appllc81on of resourrns, for Ihe year then ended" have been properly prepared In ac(x>rdance wllh Unlted Klngdom Genwally Ac¢opt•d Attounlng Pra(ai&8; arKI have been p￿pared In OG￿￿￿8￿¢e tho requlrements ofthe Cherbtles Act 2011. Ba81s for oplnlon Wo conducted our audlt kn accordance wlth Inlemotlonol Stsndards on Audltlng (UK) (ISAS (UKI) and appllcable L9w. Our responslbllltles under tho88 8t8ndards are furlher desulb8d In the Audltors, pon8lblllllo8 for the audtt of the fln8nd818tatsm8nl8 88don of our report. We are Independent of the arity In accordancé wllh the ethical requlrom8nls that aré ral•vant to our oudit of th6 ffnandal 8tstements In tho UK, Includlng the FRCS Ethkal Stondard, and we have fijlnllod our other 8th1￿1 re8p¢Mslbllltles In accordanc8 whh these requlrements. We bell8ve that ￿ audtt ovidence we havo obtained Is suffidenl and 8pproprl8tO to provlde o ba$L8 forour oplnlon. Conclu•lonJ rnlatlng to golng ¢oii¢am In audldng the flnandal slatements, we hav8 (x>ndudod that the trustees, use of tho golng ¢oncem b8818 of aLwunUng In the preparauon of Ihe finand81 slatsm8nts18 apwoprl81a. 8asad on the wot* we have perforned, we hgve not Idèntlfted any materlal uncartalnU88 relattng to events or condhlon8 Ihal, Indfvldually or coMe¢ttvely. may c88t 81gnfficanl doubt on the GharlV$ ablllty to conllnuo as golng concam for a pgrtod of atleast Iwelvo month8 from ￿en the flnandal 8tatomonts are aUt￿rf80d lor C>Jr resFonslbtlltles and th& r•$ponlNlltg8 ol the t￿8￿08 wth re8P•¢t to golng concam 8r8 d08Cttt)ed In the relevant 88cllons of Ih18 reporL Other Infomi•llon The tru8tee8 are re8pon8llAe for the other Inlormauon. Thg other Infom)thn o?mprfs￿ th• Inlomi8Uon In¢JLKled In the Annual Report, other than the flnanclal stslomgnts 8rKI our Report of the IrKI0￿nd8nl AudRo th9rg)n. Our oplnlon on the finonc4al $tatem¢nts does not ¢ovar th8 other Infomiauon and, oxeept to the oxlent 0thoTrYise explldlly stated In our rgport. we do not expres$ any lorn) of assurance conduslon thereon. In cgmnedon vlth our audlt of the Ilnandal $talem8nts, re8pon8lblllty 1$ to read Ihe olher Infom18tbn and, In dolng so, o)nslder whelher the other Informatlon 1$ matertalty Inconslstent wlth the fin¥nd818talemonts or our knThyledge obtslned In the 8udlt or otheThvl8e appea￿ to be materialty misstated. 11 we hdentlfy such matsrfal incon51st•n¢l&s w apparent materW mlsstatemerts. we ar8 requI￿d to dèlemln8 whelher th1$ glv88 8e to a materfal misslatsment in the finBnGlal $tat6ments Uwmselves. If, bgsed on the worf( we have perfomgd, w• ￿ndUde that Ihern is a matsrlal mL8slatement of thiB Other informallon. we arg roqutred to report Ihat tsct. Wa have nothlng to teport in this rffjard. Matters on Twhl¢h we arn wequlrod to repart by èxceptlon We have nothing to report In respect of the follovlng matter8 whern the Charittes (Ac£ounls and Report8) RegUlatiOr￿ 2008 requires us to report lo you rf. in our oplnion: the Irknatton gfven in the Report of the Trust￿5 Is InC￿919￿nI k) any matedal ra8pect vAth finand81 statements., or guffldenl accountlng rec(Kds have not been kep(. crf the r￿lancial ststements are rsol in agreement wlth the accounting r*eA>￿S and relums; or we have not received all the Info￿ation and eyplanatlons we require for audlL R•port oftho Indepondent Audltorn to th• TA￿t￿9 of Maryar•t 08vlo1 Chaffty Re8pon8lbllltles of trust As explalned moffj fiJlly in the Statement of Tn￿te8$, Re8pon8lbllth$. Ihe tNsle88 are ra8pondbla for the preparauon of the finandal ststements whlch a true and fair V￿1, and for such Intemal tA)ntrol as the In￿1885 determlne Is necessary to enable the preparation of finandal ststements that are fr99 from materfal mlsslalemert wh&lhordue to fraud orerror. In pr•paring the finand81 8talom6nts, Ihg Iwslees are responsibl¢ for as8e88ing lh8 (*arfVs ablllty to Jnthue as a golng conc8m. disdoslng, a8 applicable, matters ffjl8t￿ to going concem and uslng the golng (>Jncem basls of a¢¢ounling unless the Irust8e8 elther Intend to liquldate the charfty or to cea88 owallons. or •ve no ream￿1¢ altemakn Imrt to do 80. Page 6 Roport ofthe IndependentAuthor8to th• TrusleeB ol IA4rgArnt D#vl8s Ch•rlty Our respon￿b￿l￿•S for the audlt ofthe flnanclal 8L*mènts We have been appolnted 8$ auditors under Section 144 of the Charlll85 Act 2011 réport In a¢¢ordan¢• Ith the Act and rele￿nt regulations made or havlrrfj effect thereunder. Ow obi8ctiV8s are to oblaln reasonabl6 assurancè about wheth8r Iha finanoal stalements as a whole ore free from material mlsslatemenL whether dlro to fraud or error. and to ISSU8 a ReFW)rt of the Independent Auditors that Indud88 our oplnlon, Reasonabl8 assurance Is a high level of a8sur8rTh, bul Is not a guarantee th8t an audit condurAed in ac￿￿anCe with ISA8 IUKI wll always delect a m8terFal mlsststement when 11 6x18 Mlsstatements can a￿88 from fraud or error and are consldarod material rf, Indivldualty or in the aggrogate. they ccukl reasonably be expoded to Infiuenco the e￿nomIC dec181on8 of u8er8 taken on the ba818 01 those flnanclal statements. èxlent to wthlth our F￿0￿dureS are capabie of detecalrlg Irwularftles, Indudlng detslled below. Our 8pproa¢h to klonllfylng and a6s0sslng the rfsk8 of malertal ml8stslemgnl In ￿peCt of Irregularfllgs. IndLKllng fraud and n0n)untlng e8llmate8 wern Indkauve of pot•nUal blas. In rosponse to the rfsk of IrregulariUe8 and nOn￿OMplIanCa w￿h law8 and regubatlons, w8 deswed pmdures whl¢h Indudgd, but were not limlted to.. reelng finandal Statement dlsdosLtre8 to underf￿n9 supportlno docum8ntatton; 4•8dlng the mlnules of meefjngs ofthose charged ￿ govama￿. 4evlewlng c4)rre$p)ndence w6th HMRC. There arn Inhernnl Ilmilatlons In our audlt procedures descrlbed above. The more removed that laws 8nd reguiatknn5 are from ftnarthl transaction5, the IWJS Ilkgty tt 15 th81 would bgmme aware of noTrwmpliance. AudbtlrwJ 81andard5 81so Ilmll the audll prc¥xdure¥ requtrod to idefft no￿￿￿MplIance ￿1h law8 and regulatton8 to onqulry of the trust88 and othw management and the In8Pgction of regLdatory and lagal coff88pontsnce. ff any. Materlal m1591atements that arfse due lo fraud can be harder to cletect Ih8n th08e that arf80 from error a8 11 may Involv8 dellberate concealment or o)Iluslon. A further description of our responslblllues for the audit of the Ilnancial statements Is located on the Finandal Reporttng thnGifs wèbsite al vmw.froorg.uklauditorsresponslb11611es. This d￿¢riptIon forms part of our Report of thg Indopendènt Audilors. P890 7 R•port otth? Ind•pendenl Audltorn to the of Mwoargt Davles Charfty Use ol ¢)ur report Th18 report 1$ made soieFy lo the charitys Irustees, os a b(MJy, In accordance with Part 4 of the Ch8rlile8 IAmnts ond Reports) Regulations 2008. Our audlt work has been undwtAken so that we mlght stste to the c*arWs trustees those matters we are requwed to State to Ihem In an auditors. report and for no other purp￿. To the fvi18st extent pem?itted by law. we do not oLYepl N assume responsibility lo anyone other than the c*arity ond the charitys trusté85 as a body, for our aud￿ woth. for this report, or for thè opinions we Morgan Gr￿ffth8 LLP Chartered Acgjuntants SfatLrtory Auditor Cross Chambers 9 Hlgh Str68t SY16 2NY 22 November2024 Page 8 5.4.24 5.4.23 Totsl lund9 fvrwj INCOME AND ENDOw1￿￿rn FROM 258,231 115 Other Incomg 135 Total 280.179 258,346 EXPENDrruRE ON Ralslng lund¥ 140,582 54.830 140,582 54,830 Charltabh athNI•8 Ayartlkng Grants Educadon of the publk In tho Arts 238.501 135 364.476 115 T*X•l 379218 419,421 Not ￿n$l(lO$S68) ￿ In￿$￿Th 139223 (939,874) NET INCIXIEIIEXPENDrniRE) 40.184 (1.1LKI.949) RECONCIUATION OF FUNDS 9.279.404 10,380,353 TOTAL FUNDS CARRIED FORWARD 9.319,588 9,279.404 Balane• She•t 5 Aprll 2024 5.4.24 5.4.23 fijnd frJnds Not8s Tangible assets Inve8tm8nts 452 677 86.507 1.129 87.412 CURRENT ASSETS stocks Debtors Investments Cash al bank and in hand 10 11 12 1.390 11.120 9,150.429 1,525 6,836 9,045,772 208.513 9,383,768 9,262.646 CREDITORS Arnounts falllry due wlthln year 13 {65.309) {70.6S4) NEf CURRENT A8SEf8 9.318.459 9,191.992 TOTAL ASSEfs LESS CURRENT 9,319.588 9,279,404 NEfASSETS 9,319.588 9,279,404 FUNDS Unrestricted hjnds: General fvn 14 9,319,588 9.279.404 TOTAL FUNDS 9.319.588 9.279.404 The flnandd statements were approved by the Board of Trustees aNI authorlsed for Issue t)n 22 November 2024 were *ned on Its bghaff by. D Davies- Tnjstse The notss form p*t ofthwftnandal stslwnents Page10 BaBls of pr•parfng tho finartclal stalune Tho financiat statern￿ of the tharity. is a bernfft ￿ utller FRS 101 boen prepared In ac<£*dance wilh the Ch*￿e$ SORP {FRS 1021 'Ac£oJnling aTwJ Reporbng by Charitss: with lh8 Fiwnc4al ReF*JrtirwJ Stsndar(l atwicatle in tha UK arml Reputyl￿ of Ireland (FRS 102) leffethe i janu￿ 2019y. FinarKial Stsrmfjard 102 The FinarKial Repoiting Standard appl(c8bEe tn th¢ UK and RewbEc of Irdand and lh8 Chaiili8s 3)11. Tr financial statements included at mtht Value. The charity has a wmly tyfftd Wdsh T(hvn Plaming and H￿￿r￿j Trus1 Limited. In JI Income is rec4wised In the Ststement of FinaTh?al Athittes m the charity has ontittement to tt Interest on fwKls P*ld on is Induded UFttI rm)Ifth￿ d Ihe interest paKI or payatde by BanK DNiderkts we recowsed onr* the dTriKlend has ljeen d&*red r￿lI￿c2ti0n has been received of the dNideThJ du&. This U{￿ r¥)lifi￿tion by our [nvestrn￿t adwsor of Ihe dfvldend ybld ofthe Irw8Stm•rt LiabIl￿eS are re(xy￿1 as eypenditwe as soon as is a 0)nStr￿ obbgat¢on commitbng th8 th&ity to ItAt expaThlibs8. it is FvobatA8 that a I￿￿fer of er1)r￿￿ beneflts be requir¢d sgtdemwrt arKI the amow)t of ts eiligthi can b8 meawred rèliabty. Expendliure Is related to the category. Whern s)* (wnot be altributed to heading$ they have been tnBtg0s at tho bi annual maolings witrln the rm￿[181 year. GoverTkance (Thts u)mwise of all c￿ts wM>fving Ihg wLqic ac¢ountabffty of the charity and Ils Ihe thaTity forthe ￿*Vity OfEdu(XtK￿ oftr* hi ts Art<. Costs of ralslry fvnds ch8rftsb￿ aGtlvlll•s Tanglble fixed a55ets useful Ilfe. p￿11 ACCOUNnNG POUcIEs.cty￿InWd Relat•d paty ax•mptton The tharity has taken adv￿ of ex￿￿￿kn. of Fr￿n(la1 ReP￿ig StarKlard 102 Tr Financi￿ ReFQrtirKJ St&th apr￿￿ in UK arKI ReputAk of Ir*rf. not to d8do8e related Taxallon Hlrn purch••o and l•tslng ¢ommllm•nts Rentals pald und8r wr8tlw leases are • IA) ts Slat•m￿ of Fin•KthI A*¥lli88 on a Stra￿h1 lirva b￿13 cwer tho oftrw18a80. lon co•1• and oth•r poi14•tlr•mnt b•n•fft• penslon scheme are charged totho Slatemert of Ftnan(W In lh8 P8rtrxl to thoy relata. Flx•d •s••t Inv••lJnonts U*od inveslm¢nts arg Slatsd St m¥k8t vthe at lh• bal8nc* 8h8et date. R08118•d galns 8nd h)6w Inve81men18, caknlal8d as Ihg dfferm bet%￿an tho 8*8 WO(*gdo and thelr market Value at tho sthrt of the year, or 8ubsequ8nl CfAL 8ro trgdltad or rtb8rg¢d to thtr SOFA In the year of ggln or 1068. UnrnalL8ed galn8 and kx8es repYe8enUw th8 kn martat values dudng the year arn Lyedlted or chargéd lo thè SOFA In thè yew of or loss. Reallsed unroall8ed Inv8Strr￿rt 98ln8 and 1088e8 are com￿n￿l h the Ststerywt of Fm•ndd AC￿1￿8. S.424 5A23 D•postt 80)3unt Inter8St Listed invesknents Other Inv8Stnwnts 4.883 274.493 6,287 250.626 1,318 280.044 258.231 5.424 5.4.23 Portfollo management Impaimi¢nt losses 54,752 54.71S 115 140,582 54,830 P•Jfr 12 Not•s trtrthè Flnan¢lal Statffiwnts- conUnu•d forthe Yoar End￿ S April 2024 GRANTS PAYABLE 5.4.24 5.4.23 Award￿9 Grants 202.330 331.794 The totsl grants patd to IrtstltLth$ dudng th6 yèarwas as follows.. 5.4.24 5.4.23 Miscellan8ou8 under£5,000 Valley Klds Canoifan Ggrdd William Mathlas Re￿ndle Montgomeryshlre Famlly Crfsls Centre Abergothi Commurrity Hall Swansea Commurty Fami Mld Wales Oper8 Eisleddfod Genedlaethol Cymru The Aoud Charity Tregyr￿n Commuivty Centre Wales Centre for Inlemalional PJfalrs Canoifan Qwain Glyndwr Centre Plant D Young Music Makers of Oyled St Paufs Family Centre UPROAR- Wales New Music Ensem￿8 Breum Festival of Ballet Speakers School All Saints Churth. Newtown Y Neuadd Los Amazing Grace Communlty Foundatlon Arddleen & Dtstricl Autistic Minds Pembroke Frame Mold ChoEr Gellideg Foundatrjn Group Jon Egging Trust Hub of Hope Strhqmian Theatre Kidsc4pe Sandy Bear Wldemess Tn￿t TwynrcKJyn Hub ASD Rainbow Anthem 103.930 134.494 5,000 5.000 5,000 S.￿0 s.￿0 6,￿0 5,000 5,000 10.IK)O 5.000 5,000 10,000 7.500 5.QlJO 5.000 5,000 5.000 5.000 s.oc￿7 10.O¢JO 10,000 50,000 5,000 5.000 5,000 5,000 9,800 5.000 5.000 5,000 5.000 202,330 331.794 py13 L))nllnued.. Morgaret Davlo8 Charlty Nots¥ tothe Flnanclal Stst•menls- conllnu8d for the Year Ended S Aprll 2024 TRUSTEEV REMUNERATION AND BENEFrrs Thg I￿￿teeS all glve frealy of their time and oxpertl8e *4thout any fo￿ of remuneration or other beneffls in kind or cash (2023.. £nil). Trustees. wJon80S 5.4.24 5.423 Trustees. expenses 413 5 trustees wero reimbursgd for travel 8XP8nses in 2024 {2023 41. STAFF COSTS The aver8ge monttrdy numbw of emrdoye85 during ts year was as foll(hvs: 5.4.24 5.4.23 No employees r8edv￿1 errn]um•nls in excess of£60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES Vnrestrfcted fimd INCOME AND ENDOWMENTS FROM In¥e8knent income Olhw Incomè 258.Z31 115 EXPENDITURE ON Ralslng lunds Investment managemant CAxts 54,830 54.830 Awarding Grants Educafy)n of the pub￿¢ in the Arts 364,476 115 419,421 Net galnsloosses) on inve5trnents (939,874) NEf IN¢OMEI(EXPENDrruRE) {1,11JO.949) RECONCIUATIQN OF FUNDS Totsl funds brought forward 10,380,353 Page 14 c4Jntinued... fund 9.279.404 COST At 6 Aprl 20Z3 8Th15 2024 DEPRECIATION At 6 April 20Z3 At 5 WI 2024 1,357 NEf BCIOK VALIJE At 5 AprH 2024 452 At 5 Aprl 20Z3 8r8s In group COST LESS IMPAIRMEiir At 6 4vil 2023 Imptitm￿nts 86,507 (85.830) At 5 Awl 2024 NEf BOOK VALUE At 5 April 2024 At 5 Awl 2023 86,507 Pyl5 Mgryarot Oavl•8 Charlty Nots• tothe Flnanclal Ststemonts- contlnu•d for th• Yo8r Ended S Aprfl 2024 10. STOCKS 5.4.24 5.423 1,390 1.525 11. DEBTORS: AMOUNTS FALLING DUE MTHIN ONE YEAR 5.4.24 5A,23 Olher debtor8 11.120 6,836 11 CURRENT ASSET INVESTMEt4TS Investm8nts 5.4.23 Comtor Market voiue at 6.4.23 Addltton8 Dlsposals Unr88118¢dI088o￿g￿ns 9,045,772 9.738.872 3,790,621 3,362,934 (3.797.095) (3,165,506) 111,131 1890,328) Cost or Market vahre al 5.4.24 9,150.429 9,045,772 Hlstorf¢al c¥)8t 9,284.932 9,357,294 Unllstad Invesknents are rec4>rd8d at D)st because the Trustees, belleve that obtslnhw a professlonal valuollon oltho 8haro$ y￿uld outwo￿h th• b8nefft to Ihe u8•r of acxounts. Anal￿* ol Inv•8tm•nl• •15th Awll b•twMn fund8 5.4.23 L18tsd invesbments Unllsted Inveslments Flxed Irrterest 8ecJJride8 6,825,464 911 2.324,054 6,815,368 911 2,229,493 9.150,429 9.045,772 Indud8d In the abovo. Investm￿ts hetd outskle the Unlted Klngdom for the Charfty £3,760,825 (2023 £3,466,523) Paga 16 (Thunuod... 11 CREDrfoRS: AmCMjP￿ FALLING DUE wrrHIN (￿E YEAR 5.4.24 5.4.Z3 70.654 1& IqOVEMENT IN FUNDS At&4Zd fund5 5.424 Gene￿ fur 9279.404 40,184 9.319.588 TOTAL FUNDS 9279.404 40,184 9.319,588 and Movement fiJnd5 Unrestrlcted fvnds General fund 280.179 (379218) 139.223 40.184 280,179 (379218) 139,223 40.184 6.422 tfuTrJs 5A.23 Unrestrlcted funds Gener￿ fur 10.380J53 (1.100.949) 9279A04 TOTAL FUNDS 10,380.353 (1.100.949) 9.279.404 furmts Unr•strldad funds {419.421) (939,874) (1.100.949) {419.421) (939.874) (1.100.949) P•J• 17 1& RELATED PARTY DISCLOSiMES Organisalkin SA24 5A23 MCRA DU￿ Ihe year the tharfty MCRA to £2,542 {2Q3 £1542). No amount was outslarbJirwJ at the )Ear (2023 nl Paye 18 Mwgar•t Davl08 Ch•rlty Detalled Statemènt of Flnaftrlal Acflvltles forth• Y•ar Endèd 5 Aprfl 2024 5.4.24 5.4.23 INCOME AND ENDOWMENTS Investmont in¢ome Déposit account interest Listed investment8 Oiher hweStm￿ts 4,883 274,493 6,287 250,626 1.318 280,044 258231 Royaltles 135 115 Totsl In￿mIng resour￿$ 280.179 258,346 Investmont manag0m¢nt costs Portlotio management Impaimient10sses for tsn￿b￿ fixed assots 54.752 85.830 54.715 115 140.582 54.830 Charltabte actmi Wages Pension8 Other operating leases Office costs Book ojsls Depredauon oftanglble fixed assets Grants to instlluuorts 19.760 578 2.542 4.203 135 452 202.330 19￿00 2.542 2.101 115 452 331,794 230,000 357.044 Support costs Management Mart(ellng 1,149 Flnance Bank charge5 GoveYTran¢e ￿$ts Tnjstees, expenses Auditors. remuneral Insurance Sundrles Acrxjuntancy and legal fees Costs of meetings 413 4.680 1.251 568 392 1.272 285 1.167 156 740 8.576 6.308 Thh does notfonn part oflh& stswknndd slat￿Tr￿ts P¥go19 5.424 5.4.23 379218 419.421 {99,039) 1161.075) Reall8ed r¢¢ognlsed and losses Realisad gain￿005￿) on irNe8lm (49.546) N•1 •xp•ndltur• {70,917) 1210,F21)