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||||PAGE|
|---|---|---|---|
|Trustees'|annual
report|||
|Independent
auditor's||report to the trustees||
|Statement|of finandal|actlvitles||
|Statement|of ffnandal|posldon|10|
|Statement|ofcash flaws|||
|Notes to the flnandal||statements|12|
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|Reference and adm|Reference and adm|inistrative|details|details||||
|---|---|---|---|---|---|---|---|
|Registered charity||name|Welsh Rugby Charitable||Trust|||
|Charity registration||number|502079|||||
|Principal offfce|||48 Rhys Road|||||
||||BlACKWOOD|||||
||||NP12 3QR|||||
|The trustees||||||||
||||Mr 8Ress|||(Deceased|29 December 2021)|
||||Mr G Williams|||||
||||Mr TG R Davles|||||
||||Mr P Owens|||||
||||Miss C Hltt|||||
||||Mr R Moon|||||
||||Dr CWilliams|||||
||||Mr A Meredith|||||
||||Dr GJones|||||
||||Mr BWilliams|||||
||||Prof J Williams|||||
||||Mrs CJefferles|||||
||||Mr T Phillips|||||
||||Mr G Powell|||||
||||Mrs A Hawkins|||(Appointed|8October 2021)|
|Auditor|||Kllsby sr Williams|LLP||||
||||Chartered
accountants||8 statutory|auditor||
||||Cedar House|||||
||||Hazell Drive|||||
||||Newport|||||
||||NP10 BFY|||||
|Bankers|||Bsrdays Bank PLC|||||
||||PO Box674|||||
||||121Queen Street|||||
||||Cardiff|||||
||||CF102XU|||||
|Investment|managers||Charles Stanley|||||
||||7/8 Park Place|||||
||||Cardiff|||||
||||CF103DP|||||
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|Year ended 30 Novemb|er
2021|||||
|---|---|---|---|---|---|
||||2021||2020|
||||Unrest dcted|||
||||funds|Totalfunds|Total funds|
|||Note|6|8|E|
|fncome and endowments
Donations
and legacies
Other trading
activities
Investment
Income|||171,410
232
121,117|171,410
232
121,117|45,853
1I439
122,543|
|Total income|||292,759|292,759|169,835|
|Expenditure||||||
|Expenditure
on raising funds:
Costs of raising donations
and legacies
Expenditure
on charitable
activities||7
8i9|(216)
(408~603)|(216)
(408603)|(475)
(376,182)|
|Total expenditure|||(408,819)|(408,819)|(376,657)|
|Net gains/(losses)
on Investments|||233(416|233(416|(216(242)|
|Net income/(expenditure)|and net movement|In funds|117,356|117,356|(423,064)|
|Reconciliation
of funds
Total funds brought
forward|||3,761,925|3,761,925|4,184,989|
|Total funds carried forward|||3,879,281|3,879,281|3,761,925|
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|30 November
202|2||||
|---|---|---|---|---|
||||2021|2020|
|FIXEDASSETS||Note||f|
|Investments||14|3I774~606|3700073|
|CURRENT ASSETS|||||
|Debtors
Cash at bank and In hand||15|46,041
67,747|16,485
54,318|
||||113,788|70,803|
|CREDITORS: amounts|falling due within one year|16|(9,113)|(8,951)|
|NET CURRENT ASSETS|||104,675|61,852|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||3,879,281|3,761(925|
|NETASSETS|||3,879,281|3,761,925|
|FUNDS OF THE CHARITY|||||
|Unrestricted
funds|||3,879,281|3,761,925|
|Total charity funds||17|3,879,281|3,761,925|
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|STATEMENT OF CASH FLOWS
Year ended 30November 2021|||
|---|---|---|
||2021
E|2020I|
|CASH FLOWS FROM OPERATING ACTIVITIES|||
|Net Income/(expenditure)|117,356|(423,064)|
|AdJustmenrs
for:|||
|Net gains/(losses)
on Investments
Dividends,
Interest and rents from Investments|(233,416)
(121,117)|216,242
(122,543)|
|Accrued expenses|312|5,387|
|Changes
/nr
Trade and other debtors|(29,556)|28,188|
|Trade and other creditors|(150)|(4,244)|
|Cash generated
from operations|(266,571)|(300,034)|
|Net cash used
In operating
activities|(266,571)|(300,03'l)|
|CASH FLOWS FROM INVESTING ACTIVITIES|||
|Net cash withdrawal|280,000|260,000|
|Net cash from Investing
activities|280,000|260,000|
|NET INCREASE/(DECREASE)
IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR|13,429
54,318|(40,034)
94,352|
|CASH AND CASH EQUIVALENTS AT END OFYEAR|67,747|54,318|
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|,|DONATI|ONS
AND LEGACI|ES|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds
E|2021
I|Funds
E|2020
E|
||DONATIONS|||||||||
||Donation|from the Welsh Rugby Union||||123,458|123,458|16,485|16,485|
||Donation|from the Millennium|Stadium|||||||
||Charitable
Trust
Individual
donations|||||22,458
21,940|22,458
21,940|16,485
8,639|16,485
8,639|
||GIFTS|||||||||
||Gifts from clubs and ground||collection|||3,554|3,554|4,244|4,244|
|||||||171,410|171,410|45,853|45,853|
|S.|OTHER|TRADING ACTIVITIES||||||||
|||||||Unrestricted|Total Funds|Unrestricted|TotalFunds|
|||||||Funds|2021|Funds|2020|
|||||||E|E|E|E|
||Annual
Auctions|golf day, "Grav" phy|and|||232|232|1,439|1,439|
|6.|INVESTMENT INCOME|||||||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds
E|2021
I|Funds
E|2020
6|
||income|from listed Investments||||121~117|121I117|122 5l3|122I543|
|7.|COSTS|OF RAISING DONATIONS||AND||LEGACIES||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2021|Funds|2020|
|||||||I|E|I|E|
||Costs of raising donations
and legades
Donations||||~|216|216|475|475|
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|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|
|Christmas
grants
Relief of Injured
rugby players
Summer grants for in/ured
rugby
Other financial support
Support costs|||players|Funds
I
26,250
291,929
63,400
15,000
12,024|2021
E
26,250
291,929
63,400
15,000
12,024|Funds
E
30,750
249,398
58,900
21,000
16,134|2020
F.
30,750
249,398
58,900
21,000
16,1.34|
|||||'l08,603|408,603|376,182|376,182|
##
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|Activities||||
|---|---|---|---|
|undertaken||Totalfunds|Totalfund|
|directly|Support costs|2021|2020|
|E|E|E|E|
|26,250|796|27,046|32,128|
|291(929|8851|300~780|252~037|
|63,400
15,000|1,922
'l55|65,322
15,'l55|70,074
21,943|
|396,579|12,024|408,603|376,182|
|||||Grants|||
|---|---|---|---|---|---|---|
|||||Payable|Total 2021|Total 2020|
|Governance|costs|||E
12,024|E
12,024|E
16,132|
|NET GAINS/(LOSSES)||ON INVESTMENTS|||||
||||Unrestrkted|Total Funds|Unrestricted|Total Funds|
||||Funds
I|2021
E|Funds
E|2020
E|
|Gains/(losses)|on listed|investments|233,416|233,416|(216,242)|(216,242)|
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|14.|INVESTMENTS|||
|---|---|---|---|
||||Listed|
||||investments|
||||E|
||Cost or valuation|||
||At I December
2020||3,700,073|
||Additions||121,117|
||Fair value movements||233,416|
||Transfers||(280,000)|
||At 30November|2021|3,774,606|
||Impairment|||
||At 1December|2020 and 30November 2021||
||Carrying amount|||
||At 30November|2021|3,774,606|
||At 30 November|2020|3,700,073|
##
|||2021|2020|
|---|---|---|---|
|||f|E|
|General||||
|Fixed Interest stock, UK Government||842,634|935,448|
|Equities||2,471,602|2,256,668|
|Cash held as part ofinvestment|portfolio|4,048|78,582|
|Income account||85,409|81,457|
|Market value as at 30 November||3,403,693|3,352,156|
|Historical cost as at 30November||2,690,243|2,672,243|
|||2021|2020|
|||f|E|
|Michael Ieffries Memorial
Fund||||
|Fixed Interest stock, UK Government||166,394|168,449|
|Equities||187,394|155,315|
|Cash held as part ofinvestment|porffollo||6,653|
|Income account||17,125|17,499|
|Market value as at 30 November||370,913|347,916|
|Historical cost as at 30 November||308,279|293,537|
|||2021
E|2020
f|
|Total Investments
market value|at 30 November|3,774,606|3,700,073|
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|15,|DEBTORS|||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||E|6|
||Other debtors|||46,041|16,485|
|16.|CREDITORS: amounts||falling due within one year|||
|||||2021|2020|
|||||E|E|
||Trade creditors
Accruals and deferred
Other creditors|income||1,000
6,012
2,101|1,001
5,700
2,250|
|||||9,113|8,951|
##
|||||At||||At|
|---|---|---|---|---|---|---|---|---|
||||I|December|||Gains and 30|November|
|||||2020|Income|Expenditure|losses|2021|
|||||E|E|E|E|I|
|General
Michael|funds
Ieffries|Fund||3,414,009
347,916|282,921
9,838|(393,819)
(15,000)|220,257
13,159|3,523,368
355,913|
|||||3,761,925|292,759|(408,819)|233,416|3,879,281|
||||I|At
December|||Gains and 30|At
November|
|||||2019|Income|Expenditure|losses|2020|
|||||E|E|E|E|E|
|General
Michael|funds
Ieffrles|Fund||3,848,230
336,759|159,612
10,223|(376,657)|(217,176)
934|3,414,009
347,916|
|||||4,184,989|169,835|(376,657)|(216,242)|3,761,925|
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|18.|ANALYSIS O|F NET ASSETSBETWEEN FUNDS|||
|---|---|---|---|---|
||||Unrestricted|Total Funds|
||||Funds|2021|
||||E|E|
||Investments||3,774,605|3,774,605|
||Current assets||113,788|113,788|
||Creditors less|than 1 year|(9,112)|(9,112)|
||Net assets||3,879,281|3,879,281|
||||Unrestricted|Total Funds|
||||Funds|2020|
||||E|E|
||Investments||3,700,073|3,700,073|
||Current assets||70,803|70,803|
||Credltorsless|than I year|(8,951)|(8,951)|
||Net assets||3,761,925|3,761,925|
|19.|ANALYSIS OF CHANGES IN NET DEBT||||
|||||||||||At||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||At|1|Dec 2020|Cash flows|30Nov|2021|
|||||||||E|E||E|
|Cash|at|bank|and|in|hand|||54,318|13,429|67,747||
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