| Trustees: | Mrs.M.J.El ster | |||
|---|---|---|---|---|
| Mr.N.O.Tyler | ||||
| Lady C.Venables | Llewelyn | |||
| Managing Agents: | Messrs. Rees Richards | &Partners | ||
| Chartered Surveyors, |
Land &Estate Agents | |||
| Druslyn House |
||||
| De la Beche Street | ||||
| Swansea | ||||
| SA1 3HH | ||||
| Bankers: | Barclays Bank pic | |||
| 262 Oxford Street | ||||
| Swansea | ||||
| Solicitors: | Morgan La Roche | |||
| Bay House | ||||
| Phoenix Way | ||||
| Swansea | ||||
| SAT 9YT | ||||
| Accountants: | Butterfield Morgan |
Limited | ||
| Chartered Accountants | ||||
| Druslyn House |
||||
| De la Beche Street | ||||
| Swansea | ||||
| SA1 3HJ |
| Page | |
|---|---|
| Accountants' report |
|
| Profit and loss account | |
| Balance sheet | |
| Notes to the accounts | 4-6 |
| Unrestricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| 2022 | 2021 | ||||
| Notes | E | ||||
| INCOMING RESOURCES | |||||
| Rents and ground rents |
122,239 | 122,239 | 114,367 | ||
| Profit / (Loss) on granting ofleases |
17,486 | 17,486 | (1,096) | ||
| Investment income |
54,151 | 54,151 | 36,906 | ||
| Other income | 5,625 | 5,625 | 1,535 | ||
| Revaluation gain |
835,369 | 835,369 | |||
| 182,015 | 852,855 | 1,034,870 | 151,712 | ||
| RESOURCES EXPENDED | |||||
| Direct charitable expenditure- |
|||||
| Donations and grants |
25,475 | 25,475 | 16,000 | ||
| Other expenditure: | |||||
| Management and administration |
|||||
| Repairs and property upkeep |
59,595 | 59,595 | 60,675 | ||
| Rates and insurance | 4,729 | 4,729 | 8,412 | ||
| Wages | 31,149 | 31,149 | 31,619 | ||
| Estate management and other fees |
41,303 | 41,303 | 37,671 | ||
| Stockbrokers fees | 12,633 | 12,633 | 8,510 | ||
| Accountancy and taxation fees |
2,340 | 2,340 | 2,214 | ||
| Sundry trust expenses | 9,037 | 9,037 | 4,124 | ||
| ( Profit) /Loss on disposal of listed investments | (66,187) | (66,187) | 36,517 | ||
| Depreciation | 2,284 | 2,284 | 2,478 | ||
| TOTAL EXPENDITURE | 122,358 | 122,358 | 208,220 | ||
| NET INCOMING/(OUTGOING) | |||||
| RESOURCES BEFORE TRANSFERS | 59,657 | 852,855 | 912,512 | (56,508) | |
| Gross transfers between funds |
17,486 | (17,486) | |||
| TOTAL FUNDS BROUGHT FORWARD | (120,402) | 4,445,667 | 4,325,265 | 4,381,775 | |
| TOTAL FUNDS CARRIED FORWARD | (43,259) | 5,281,036 | 5,237,777 | 4,325,267 |
| Notes | f | 2022 f | 2021 | |||
|---|---|---|---|---|---|---|
| Fixed assets | ||||||
| Tangible assets | 1,944,835 | 1,154,771 | ||||
| Investments | 2,020,267 | 1,507,305 | ||||
| 3,965,102 | 2,662,076 | |||||
| Current assets | ||||||
| Trade debtors | 37,650 | 37,395 | ||||
| Prepayments | 4,362 | 3,542 | ||||
| Cash at bank and in hand | 1,255,521 | 1,647,289 | ||||
| 1,297,533 | 1,688,226 | |||||
| Current liabilities |
||||||
| Creditors and accrued charges | 24,858 | 25,035 | ||||
| Net current assets | 1,272,675 | 1,663,191 | ||||
| Total assets less current liabilities | 5,237,777 | 4,325,267 | ||||
| ENDOWMENT | FUNDS | 5,281,036 | 4,445,667 | |||
| UNRESTRICTED INCOME FUNDS | (43,259) | (120,402) | ||||
| 5,237,777 | 4,325,267 |
| TANGIBLE FIXEDASSETS | |||||
|---|---|---|---|---|---|
| Investment | Garden | Motor | |||
| Properties | Improvements | Equipment | Vehicle | Total | |
| Cost or valuation | |||||
| As at 06.04.21 | 1,141,460 | 22,790 | 21,074 | 5,994 | 1,191,318 |
| Additions IRevaluation | 835,369 | 1,316 | 2,783 | 839,468 | |
| Disposals | (47,120) | (47,120) | |||
| As at 05.04.22 | 1,929,709 | 24,106 | 23,857 | 5,994 | 1,983,666 |
| Depreciation | |||||
| As at 06.04.21 | 16,135 | 18,914 | 1,498 | 36,547 | |
| Charge for the year | 666 | 494 | 1,124 | 2,284 | |
| As at 05.04.22 | 16,801 | 19,408 | 2,622 | 38,831 | |
| Net Book Values | |||||
| As at 05.04.22 | 1,929,709 | 7,305 | 4,449 | 3,372 | 1,944,835 |
| As at 06.04.21 | 1,141,460 | 6,655 | 2,160 | 4,496 | 1,154,771 |
| 3 | INVESTMENTS | 2022 | 2021 | |
|---|---|---|---|---|
| f | ||||
| General | ||||
| 80,000 'A' Shares of25p each in Penllergaer Estates Limited |
20,000 | 20,000 | ||
| Shares acquired | via Stockbrokers | 2,000,267 | 1,487,305 | |
| 2,020,267 | 1,507,305 |
| 4 | DEBTORS | 2022 | 2021 |
|---|---|---|---|
| E | |||
| Rental income debtors | 37,650 | 37,395 | |
| 5 | CREDITORS | 2022 | 2021 |
| E | |||
| Accruals | 24,858 | 25,035 |
| (Continued) | |||
|---|---|---|---|
| 8 | DONATIONS | 2022 | 2021 |
| 6 | f | ||
| Cwtch up for Ukraine Appeal | 5,000 | ||
| CARAD | 3,000 | 3,000 | |
| Mid Wales Music Trust | 1,000 | ||
| Montgomeryshire Youth Theatre |
1,000 | 1,000 | |
| National Gardens Scheme |
845 | ||
| Shakespeare Link |
3,000 | 3,000 | |
| Wales Air Ambulance | 5,130 | 2,000 | |
| XLWales, Swansea | 1,000 | 1,000 | |
| Helping the homeless Wales |
3,500 | ||
| Radnorshire Wildlife Trust |
1,000 | ||
| Llandrindod Wells Foodbank |
3,000 | 3,000 | |
| Builth Wells Cricket Club | 1,000 | ||
| 25,475 | 16,000 |