| Reportof theTrusteesandFinancialStatements fortheyearended 31'tDecembet2022 |
|
|---|---|
| Page | |
| Trusteesandadvisorsfortheyearended3lsDecemkr2022. | 2 |
| Trustees'Reportfortheyearended3 I$December 2022. | J |
| IndependentExaminer'sReport. | 6 |
| Statementof financial activitiesforthe year ended 31s December 2022. | 7 |
| BalanceSheet dsof31*December 2022 | 8 |
| Notestothefinancialstatementsfortheyear ended31ilDecembet 2022 | 9 |
| TotalFunds | TotalFunds | ||||
|---|---|---|---|---|---|
| Unrestricted Fund f |
Expendable Endowment s |
2022 f |
2021 f. |
||
| Income and Endowments | Note | ||||
| UKDividendsandUnitTrust interest | 34.391 | 34,391 | 33,801 | ||
| Overseasdividendsandinterest | 11.437 | 11,437 | 12,348 | ||
| UKFixedan$Deposit Account Interest | 2.96s | 2,965 | 4,152 | ||
| Other income | 1,708 | 1,708 | |||
| Transfer to CharityBank Account | |||||
| Total income | 50,50 I | 50,501 | 50,301 | ||
| Expenditure | |||||
| Costofraisingfunds: | |||||
| Investmentmanagementcosts | (14,082) | (14,082) | (r4,797) | ||
| Expenditure on CharitableActivities: | |||||
| Independent Examiner'sfee | 4 | 930 | 930 | 882 | |
| CharitableActivities-Grants | 10 | 19,000 | 19,000 | 23,620 | |
| AdministrationCosts andBankCharges | 9 | 46 | 46 | 32 | |
| Cost ofGrantmaking | (19,976| | (t9,976) | (24,s34) | ||
| TotalExpenditure | (t9,976) | (14,082) | (34,058) | (39,331) | |
| Netincomebefore(loss)/gain on | (19,976) | 36,419 | 16,443 | 10,970 | |
| investments | |||||
| Net(loss)/gainoninvestments | 8 | (256,212) | (256,212) |
276,308 | |
| Net Movement in Funds | (19,e76) | (219,793) | (239,769|287.278 | ||
| Reconciliation ofFunds | |||||
| Total Funds broughtforward | 28,344 | 2,360,172 | 2,388,516 | 2,101,238 | |
| Total Funds carriedforward | 8,368 | 2,140,379 | 2,148,747 | 2,388,5t6 |
| Balancesheet asof31'tDecember202 |
2 | |||||
|---|---|---|---|---|---|---|
| Total | Total | |||||
| Funds | Funds | |||||
| Unrestricted | Expendable | 2022 | 2021 | |||
| Funds | Endowment | |||||
| Note | f, | f | f, | f | ||
| Fixedassets | ||||||
| Investments | 6 | 2,0',72,0242,072,024 | 2,281,857 | |||
| Currentassets | ||||||
| InvestmentManagers'Cash Accounts |
6 | 71,288 | 71,288 | 81,13 8 | ||
| CharityBankAccount | 9,396 | 9,396 | 29,289 | |||
| Debtors | ll | 510 | 5r0 | 1,020 | ||
| Creditors:amountsfallingdue | 7 | 1,028 | 3,443 | 4,471 |
(4,788) | |
| withinoneyear | ||||||
| Netcurrentassets | 8,368 | 68,355 | 76,723 |
106,659 | ||
| Creditors:amountsfallingdue | ||||||
| inmorethanone Year | ||||||
| Netassets | 8,368 | 2,140,3792,148,747 | 2,388,516 | |||
| The fundsofthecharitY: | ||||||
| ExpendableEndowmentfunds | 2,140.1792,140,379 | 2,360,172 | ||||
| Unrestricted IncomeFunds | 8,368 | - | 8,368 | 28,344 | ||
| Totalcharityfunds | 8,368 | 2,140,379 | 2,148,747 | 2,388,516 |
| . Accountancyservices |
||
|---|---|---|
| 2022 | 2021 | |
| t | f. | |
| Analysisof chargepaid | ||
| IndependentExaminationFee | 930 | 882 |
| . Fixedassetsinvestments |
||
| 2022 | 2021 | |
| f | f | |
| MarketValue | ||
| Market value on IsJanuary | 2,281,857 | 2.021,586 |
| Additions intheperiodat cost | 352,394 | 606.606 |
| Disposalsintheperiodatcarryingvalue | (307,319) | (622,347) |
| Netnon-cash accountunits,Excess ReportableIncomeandequalisation | 1,304 | (2e6) |
| adjustment | ||
| Netrealised/ unrealised (losses)/gains(Note8) | (256,212) | 276.308 |
| Marketvalueon3l'tDecember | 2,072,024 | 2,281,857 |
| . Analysis ofinvestments |
||
|---|---|---|
| 2022 | 2021 | |
| f | f | |
| Equities | 1,726,834 | 1,960,490 |
| FixedInterest | 345,190 | 32t.367 |
| Totalinvestments | 2,072,024 | 2,281,857 |
| Cash heldwithinthe investmentportfolio | 71,288 | 81,138 |
| Totalinvestmentsheldby InvestmentManager | 2,143,312 | 2,362,995 |
| 7. | Creditors:amountsfallingduewithinoneyear | ||
|---|---|---|---|
| 2022 | 2021 | ||
| f | {. | ||
| Accruals | 4,471 | 4,788 | |
| 8. | Net gain/(loss) on investments | ||
| 2022 | 2021 | ||
| f | + | ||
| Net | realised/ unrealised(loss)/gain on investments(Note5) | (2s6,212) | 276,308 |
| 9. | AdministrationCosts | ||
| 2022 | 2021 | ||
| f, | f. | ||
| Administrationcosts,includingstationery, postage,printing, photocopying | 4t | 28 | |
| and | travel,incurred bythetrustees | ||
| BankCharges | 5 | 4 | |
| Total | 46 | 32 |
| 10.CharitableActivities | |||
|---|---|---|---|
| 2022 | 202t | ||
| t | f | ||
| Brecon MountainRescue | Charity517732 | 2,000 | |
| BritishHeartFoundation | charitv225971 | s00 | |
| BulliesOut | Charity1123070 | 500 | |
| Alzheimer'sSociety | Charity296645 | 2,000 | 1,000 |
| VelindreCancer Centre | Charity1052501 | r0.000 | |
| DEC Ukraine Appeal | Chanty1062638 | ||
| Oshi'sWorld | Charity1174329 | 2.000 | |
| CarersTrust | Charity1145181 | 10,000 | |
| Horatio'sGarden | charityll5l475 | 2,000 | |
| Prostate Cancer | Charity1156027 | 2,500 | |
| SkinCareCymru | Charityll3l832 | 120 | |
| Llamau | Charity701772 | 5,000 | |
| Total | 19,000 | 23,620 | |
| 11.Debtors | |||
| 2022 | 2021 | ||
| f, | t | ||
| Investmentincome received in January 2023(lantary2022) | 510 | 1,020 |
| UK | Overseas | IIKFixedand | Transfer to | 9!E | Total | ||
|---|---|---|---|---|---|---|---|
| Dividends andUnit |
dividendsand interest |
DepositAccount Interest |
ChariwBank Account |
Income | |||
| Trustinterest | |||||||
| Exnenses | |||||||
| Investrnentmanagement | f9,590 | f3,189 | f826 | TO | L476 | Lt4,082 | |
| costs | |||||||
| IndependentExaminer's | I633 | f2tl | fs5 | f0 | f31 | f930 | |
| fee | |||||||
| CharitableActivities | f.t2,938 | f,4,303 | f1,1 | 16 | f0 | f643 | fl9,00o |
| Adminis&arionCosts and | f,31 | f10 | f3 | f0 | L2 | f46 | |
| BankCharges | |||||||
| Total | f23,t93 | 87,713 | f3,245 | f0f.r,r52f34,058 |