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|Reportof theTrusteesandFinancialStatements<br>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|





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|||||TotalFunds|TotalFunds|
|---|---|---|---|---|---|
|||Unrestricted<br>Fund<br>f|Expendable<br>Endowment<br>s|2022<br>f|2021<br>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)|<br>(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|





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|Balancesheet<br>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<br>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|<br>4,471|(4,788)|
|withinoneyear|||||||
|Netcurrentassets||8,368||68,355|<br>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|





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|.<br>Accountancyservices|||
|---|---|---|
||2022|2021|
||t|f.|
|Analysisof chargepaid|||
|IndependentExaminationFee|930|882|
|.<br>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|



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|.<br>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|<br>81,138|
|Totalinvestmentsheldby InvestmentManager|2,143,312|2,362,995|





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|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|





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|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|



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||UK|Overseas|IIKFixedand||Transfer to|9!E|Total|
|---|---|---|---|---|---|---|---|
||Dividends<br>andUnit|dividendsand<br>interest|DepositAccount<br>Interest||ChariwBank<br>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|||