2025-04-05-accounts - The Llysdinam Trust

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TRUSTEES OF THE LLYSDINAM TRUST ANNUAL REPORT OF THE ACTIVITIES OF THE TRUSTEES FOR THE YEAR ENDED 5[TH] APRIL 2025

Charity Name : The Llysdinam Trust 2. Registration Number : 255528 3. Charity’s Registered Address : Druslyn House
De la Beche Street

Swansea SA1 3HH

Names of the Trustees : Mary Julia Elster Lady Carolyn Venables Llewelyn Nicholas Michael George Harvey

5. Description Of The Charity :

The charity was set up by Trust Deed dated 1[st] March 1968 the Settlor being Brigadier Sir C.M.D. Venables Llewelyn Bart. M.V.O. The Settlor required the Trustees to stand possessed of the Trust Fund Upon Trust to pay, or apply, the annual income thereof and with power to pay or apply all or any of the capital thereof from time to time respectively to such Charities or for such Charitable purposes as the Trustees in their absolute discretion, without being liable to account for the exercise of the same shall from time to time think fit. The Settlor expressed the hope that the Trustees would in the execution of the Trust and the exercise of power vested in them give preference to charities and Charitable purposes specified in the schedule attached to the Deed. The schedule states:

A. The advancement of education in the natural sciences and in particular in Botany and Biology.
B. The advancement (so far as legally charitable) of Horticulture, Agriculture and silviculture.
C. The advancement of the Christian religion in Wales and in particular by support of the Church of Wales.
D. The relief of poverty in Wales and particularly in the parishes of Llysdinam Llanfihangel-Bryn-Pabuan and Llanafan Fawr in the County of Brecon and the Parish of Llanyre in the county of Radnor.

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6. Charity’s Activities and Achievements in the Year Ended 5[th] April 2025:

Commitments to the maintenance of heritage property continues to be challenging out of rental income. By implementing a drawdown of capital funds, the trustees have been able to accelerate plans to upgrade the trust’s residential real estate property portfolio with the goal of providing modern accommodation that meets current regulatory standards.

Increased yields from financial investments have continued to prove an essential contribution to the diversity of the Trust’s asset base thereby enabling it to further increase its support of a range of worthy local causes.

Reflecting on its history and objects of the trust, the trustees have made a strategic decision to increase support for worthy causes in the Swansea region, which is the principal source of its income. In particular, the trustees are keen to support the ‘Penllergare Trust’ which manages the former Penllergaer Mansion Valley Gardens in maintaining and enhancing the original settlor’s family legacy largely free for public benefit. Another notable project to be supported originating from the settlor’s ‘roots’ is at ‘Parc Llewelyn’, a sizeable area of land bequeathed to the community as parkland in Morriston, Swansea where the local management group have commendable plans to enhance their offering.

The trust has continued its long-standing support for local arts initiatives. In addition to supporting the arts, the Trust has continued to contribute to various other worthwhile causes. Grants have been made to local schools for educational programs, support for environmental conservation projects and funding for health and wellness initiatives. These efforts have a positive impact on the well-being of the local community.

Contributions from volunteers who enjoy the health benefits of working in the Llysdinam Gardens has enabled the trust to not only to keep on top of maintenance but to enhance the environment and promote its garden produce locally .

Planning matters continue to plague the trustees in that whilst planning permission for a substantial renewable energy battery project has been approved in the Swansea Region the developers must wait for a grid connection consent.

Mary J Elster Senior Trustee, Llysdinam Trust

Charity No. 2b5528 THE LLYSDINAM TRUST TRUST ACCOUNTS FOR THE YEAR ENDED 5APRIL 2025

THE LLYSDINAM TRUST TRUST INFORMATION Trustee5 ' Mrs.M.J.Elster Mr.N.O.Tyler Lady C.Venables Llewélyn Mr.N.M.G. Harvey Retired 24J09124 Appointed 24109124 Managrng Agents . Messrs. Rees Richa".ds & Partners Chartered SuNeyors. Land & Estate Agents Druslyn House De la Beche Street Swansea SA13HH Bankers ". Barclays Bank plc 262 Oxford Street Swansea So',i¢ilors'. org2n l.a Roche Bdy House Phoenix Way Swansea SA7 9Yr Accountlr nts '. Butt8rfi@Id Morgan Limilecl Chartered Accc4Jntanls Druslyn House De la Boche Street Sm'arysea SA1 3HJ

THE LLYSDINAM TRUST CONTENTS Page A¢countsnts' report Profit and loss account Balanc8 sh8el Notes lo the accoiinls

THE LI_YSDINAM TRUST CHARTEREDACCOUNTANTS, REPORT TO THE TRUSTEES ON THE UNAUDITEDACCOUNTS I report on the accounts of the Trust for the year ended 5 April 2025 which are sel out on pages 2 to e. Rospective resp?n8ibilities of triistge5 and examiner The eharoty's trustees are responslble lorthe preparètlon of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 (21 of the ChariliesAct 2011 Ilhe 2011 Acll and that an independent examination is needed. It is my r8sponsib¥lity to.. examine the accounts under section 145.of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commission under section 14515llbj of th8 2011 Act, and tts state whether particu5ar matters have comè to my attetrtion. 8asl$ of Independent examlner8' report My ex2tninalion was C8riied out accordance with the General Directlons gNen by the Charity Commission. An examination includerto a review of the accounting records kept by tlie charty an(J a comparison of the accounls presented with those records. It also indudes consideration of any unusual iloms or disclosures in the accounts. and seeking explanations from you as trustees conceming any sbch mallers. The procedures undertaken do not provide all the evidence that wriuld be requirèd in èn audit and, consequenlly, no opinion 15 given as lo whether IhB accoun15 present a Iruo and fail vie and the repon is limid lo tliose matters set out in the statement below. Independont oxamlnèrs, statement In connection with exominalion, no matter has rr to my attention -. {11 which gives rrie reasonable cause to oelieve that, in any material respect, the requirernenls.. lo keep accounting reccrds li accordance with section 13f) ol the 2011 Aet- and to prepare accounts which accord with the accounting records and mplY with the accounting requirements of the2011 Act ha¥e not been met., or 121 to whith. in my opinion, allenlion should be drawn in order to enable a proper understanLling of the accounts lo be reached. M R Woolw8y FCCA Butleff*ld Morgan knmiled CharteredA¢countsnls Druslyn House DÈ IÈ Becho Street Swansea .2025 -Paqe1-

THE LLYSDINAM TRUST DETAILED TRADING AND PROFIT AND I.OSS ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025 UiirLbStricted Endowment Fund5 Funds Total Funds 2025 Total Funds 2024 Nots8 INPOMING RESOURCES Rent and groun.d ienls Piofit 111.cosl on granting of leas(45 Investnlonl incom: Otler income Revaluatiori gain 113.189 113.189 7.40? 100,244 10.39S 103.554 7,402 100.244 107.480 1Q.013 223,829 7,402 231,231 233,59A1 RESOURCES EXPENDED Direct charilable expendilure on3b.ons ai)d grants Other éxwnditurÈ'. Mariagerrienl ants ddminislration epair5 and Froperty upkeep Raks ?nd in8uranrl 181 127.165 127,1&5 222,040 222,Q40 8,.84 41,013 24,047 15,138 4,260 2700 12,916 116,229 5.985 6,2111 41,013 46,925 13.997 2,b9S 2.520 8.072 ',8.669 41,013 24,047 C.sla;e mariagement anij othf4r oiL)Gkbrtsker8 fe*.s Lec,81 lee AUnta1C5. arid taxation Rent, rates, ulilil".e and sundry exi)ens I Profill ILoss on.dlsposai of listed invvlnieiils I Pi'ofitl ILoss on disposal of LJquipmer, 4,2eO 2,700 12.916 (16,2291 3.0?.? 2.41G TOTAL E.XPENDITURL 442,074 278,063 NE.T INfoMINGI'OUTGOING) kESOURcf.'s BEFORE TRAN>FERS 1218,?45} 1210.8481 144.4691 Gffjss transfei? between fund.s 7,402 17,4021 TOTAL FUNDS SROUGHT FORWARD 1126,159} 5.281,036 r 1 $4.877 199.346 TOTAL FUNDS CARRIED FORWARD 1.737,002, j,281,036 4.944,034 J. 154.877 Pa9e2.

THE LLYSDINAM TRUST BALANCE SHEET ASAT5APRIL 2025 2025 2024 Notes Fixed assèts 1,768,266 2.054.401 1,809,913 2,033.010 ptments 3,822.667 3,842,923 Cunent asststy Traclo deblosi Prepayments a¥h al k2nk and in hand 18,739 4,754 1,185,370 35,906 1,339,506 1,208,863 1,379,399 CuThent liabillties Cre.dil<)rs.#iid accrued charges 87,496 i7,445 Not curi¢nt tt8ts 1,121 ?67 1,31t:J54 Totel asvts. lesi current liai)illlies 4,31Tr4,034 ,),1'&4,877 END01th1f.NT FUNOS UNRF-S I RIC',TED INI,CME FUNI)J 5,281,036 1337,0021 5.2a1,036 1126,151Yl 4,944,034 5.154.871 I haAtxounls sel out on pages 2 to 6 viglfi approved by thé Trusleos li Trustoos

THE LLYSDINAM TRUST BALANCE SHEET AS AT 5APRIL 2025 ACCOUNTING POLICIES Si prcparing the accoun13 th6- fullvwiny a<xounting policies h8v& beeli wmpllod with.. al The 8ccounts have been Pieparod on the historic cost o)nvention w,'th ilie except1014 that propertti)s are valued at markel value on 31 AiJgust 2022. The accounts are in ac¥ordance with .applipable accounttng st8ndwd5 and the Charities Act 2011. bl Irsvestment income is reccrd?d ivhen te1Vable. cl Expenolture is induded in the accounts on an accruals basi5. dl Tfr.e endowment of the charily is exppndable endowment. The income arising from th& exppndable end0,ment is unreslricteil. ) Depr8oalion is provided on langibl? fixed asset5 at the following rates.. Impro¥emciits. 10Qk on the reducing balance Garden &quipment- 10¥0 on tho reducing balance Motor Vehide- 25 on thè teducing balance TANGIBLE FIXEDASSETS . Inveslmenl Propertie Gardèn Equipment Improvements Vehicle Totsjl Cost.orvaluation at (h).04.24 Additions l Revaluation Disp058ls 1,792,016 24,106 31,057 13,200 12,7251 5.994 1,8fJ3.173 13.200 153,692j 150,9671 As at OJ.04.25 1,741,049 24,106 41,532 5.994 1,812,681 Depreciation As at 06.04.24 Charge for theyear Eliminated on disposals 18,189 591 20,974 2,242 11,8871 4.097 189 43.260 3.022 11,8671 As al 05.04.25 18,780 21,349 4.286 44.415 Nel t8ook Values As at Q5.04.25 1,741,049 5,326 20,183 1,708 1,768.266 As at 06.04.24 1,792,016 5.917 10,n83 1.897 1.809.913 Investment pioperties were rèvaluad on 31slAugust 2022 by Rees Richards & Partners, Chartored SLirveytsrs, r&n open market value basis in accordance with the guidelines issed by th@ Royal Institute of Chartered Suryeyors. P8go4-

THE LLYSDINAM TRUSI- BA.CE 4P)HEET ASAT5APRIL 2025 Iconlinuedl INVE8TME14Tr 2025 2024 GLaiiar81 8ri,ooo'A' .%haria8 of ?Sp ear.h in Peillergaai. Est4le4 Ljmited Shar acouiTed via oto(:kbrokery 20,000 20.000 2.0.q4,401 &,013,010 2.0%14 t.01 2,OJ3,C10 Th¢ market value of tlie s113res are valu1 by Breib?n Dolpb,:n Sluckbrokttrs al £2,137,358. al the EAaldTice QhpL)I daiè.12024 '. £?,2(M,0031. DCL4TORS 2025 REDITaR.S 2024 Accrtsais 8'/;496 ENDOw1r FLINDS I'tr,i*. 18 an expeiidiable SridLvrnell[ ltind. Th?re 2fLJ no r&¥iri -lipns on ttxe capii.31 or incomkn vl. TAXATIOb5 Th2 tliisTr is a registQlEd eiiarity iiid &&£e-.rdiig f4 pxom5Y. Irory) liua!IOii on 11¢ inw1 &nJ ri2lrc •Jhere tl)cv dre dL))lj&d for clkiiiaèiQ pufJGS2S.

THE LLYSDINAM I"RUST BALANCE SHEET ASAT 5 APRIL 202.5 Icontinuedl DONATIONS 2025 2024 CAIIAD lliontgomoryshire Youth Th88tr8 Ryader bJl Nature Shakespeare Link Wales"AirAmbulance XL Wai2$, Swansoa Helping tlie homeless Wales Llandryndod Wells Foodbank 3.COO 2.000 3,000 2.000 350 3.000 6.081 1,000 10,000 3,000 1,760 13,0001 1.UOO 1.465 30.000 3,000 10,565 1.000 3,000 550 Cancer Resear NewbrKlge B¢)FJ Prolect- LincÉished Nowbrdge on We qaptisit Ghureh NGS Puwys Souln Wye5ide Arts fentre Y3gol Cnol Cymru Newbrhloe on Wye CW SchDul Bracken trust Ltd Pc¥wys Yuuth Theatre Th& Ppnllp.r[Jrè Trust 1,000 1.475 40.OCIO 1,000 10,000 700 3.000 46.875 10.OCK) 127,165 69,656 1. Included within donations is an amount of £39.2KJ wliith werp agrBed at the yeaf end date and di8liibuled subsequént to that dalo. 2. Included within donstiona is 8n amoJnt of £46,875 to The PenIleg frust. This relatp.s to rp.kts tiae lo bp received by the Llysdlnam Trust donated back to Tlie Per.Ilegare Trust. EMPLOYEE REMUNERATION Total remuneration for the year Pmounled to £41.01312024'. £46,064). The average nurnir•I paid staff for the year was 1,12024.. 11 10 TrUSTEES REMUNERATIONAND EXPENSES No ren)uner2tion diree,ly or indiredly out of the funds of the diarlty was paid or payabSe for tho year to anyi Iru5tee or tQ dny peison or persons known to be connettied with any of them. No reimbursement ol expenses has been rr,ade or is due lo be madis to ony of the trustees in respect of the year. Page6-