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|Trustees'|annual
report|annual
report||
|---|---|---|---|
|Independent
auditor's||report to the members||
|Statement|of financial|activities||
|Statement|of financial|position|10|
|Statement|ofcash flows|||
|Notes to the financial||statements|12|
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|Reference a|nd adm|inistrative|details|details||||
|---|---|---|---|---|---|---|---|
|Registered|charity|name|Welsh Rugby Charitable||Trust|||
|Charity registration||number|502079|||||
|Principal office|||48 Rhys Road|||||
||||B(ACKWOOD|||||
||||NP12 3QR|||||
|The trustees|||Mr BRess|||(Died 29 December 2021)||
||||Mr G Williams|||||
||||Mr TG R Davies|||||
||||Mr P Owens|||||
||||Miss C Hltt|||||
||||Mr R Moon|||||
||||Dr C Williams|||||
||||Mr A Meredith|||||
||||Dr G )ones|||||
||||Mr BWilliams|||||
||||Prof 3 Williams|||||
||||Mrs C)eiferles|||||
||||Mr T Phillips|||||
||||Mr G Powell|||(Retired 1|May 2023)|
||||Mrs A Hawkins|||||
||||Mr M Ryan|||(Appointed|28 3anuary 2022)|
||||Mr H Davies|||(Appointed|1 May 2023)|
|Auditor|||Kilsby &Williams|LLP||||
||||Chartered
accountants||&statutory|auditor||
||||Cedar House|||||
||||Hazell
Drive|||||
||||Newport|||||
||||NP10 BFY|||||
|Bankers|||Barclays Bank PLC|||||
||||PO Box679|||||
||||121Queen Street|||||
||||Cardiff|||||
||||CF10 2XU|||||
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||||2022|2022|2021|
|---|---|---|---|---|---|
||||Unrestricted|||
||||funds|Totalfunds|Totalfunds|
|||Note|f.|6|6|
|Income and endowments||||||
|Donations
and legacies|||431,593|431,593|171,410|
|Other trading
actlvibes|||3,173|3,173|232|
|Investment
income|||141,903|141,903|121,117|
|Total income|||576,669|576,669|292,759|
|Expenditure||||||
|Expenditure
on raising
f'unds:||||||
|Costs of raising
donations
and legacies
Expenditure
on chantable
activities||7
8,9|(144)
(409,785)|(144)
(409,785)|(216)
(408,603)|
|Total expenditure|||(409,929)|(409,929)|(408,819)|
|Net (losses)/gains
on investments||10|(202,544)|(202,544)|233,416|
|Net (expenditure)/income|and net movement|in funds|(35,804)|(35,804)|117,356|
|Reconciliation
offunds||||||
|Total funds brought
forward|||3879~281|3 879 281|3/761 925|
|Total funds carried forward|||3,843,477|3,843,477|3,879,281|
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|||||2022|2021|
|---|---|---|---|---|---|
||||Note|E|8|
|FIXED ASSETS||||||
|Investments|||13|3 513965|3g774 606|
|CURRENT ASSETS||||||
|Debtors|||14|55,815|46)041|
|Cash at bank and|in hand|||285,296|67,747|
|||||341,111|113,788|
|CREDITORS: amounts||falling due within one year|15|(11,599)|(9,113)|
|NET CURRENT ASSETS||||329,512|104,675|
|TOTAL ASSETS|LESSCURRENT LIABILITIES|||3,843,477|3,879,281|
|NET ASSETS||||3,843,477|3,879,281|
|FUNDS OF THE CHARITY||||||
|Unrestricted
funds||||3,843,477|3,879,281|
|Total charity funds|||16|3,843,477|3,879,281|
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||||2022|2021|
|---|---|---|---|---|
||||E|6|
|CASH FLOWS FROM OPERATING ACTIVITIES|||||
|Net (expenditure)/Income|||(35,804)|117,356|
|Ar//trsrrnenrs
for:|||||
|Net (losses)/gains
on Investments|||202,544|(233,416)|
|Dividends,
interest and rents from||investments|(141,903)|(121,117)|
|Accrued expenses|||720|312|
|Changesin:|||||
|Trade and other debtors|||(9,774)|(29,556)|
|Trade and other creditors|||1,766|(150)|
|Cash generated
from operations|||17,549|(266,571)|
|Net cash from/(used
in) operating|activities||17,549|(266,571)|
|CASH FLOWS FROM INVESTING ACTIVITIES|||||
|Net cash withdrawal|||200,000|280,000|
|Net cash from investing
activities|||200,000|280,000|
|NET INCREASE IN CASH AND|CASH EQUIVALENTS||217,549|13,429|
|CASH AND CASH EQUIVALENTS||AT BEGINNING OF YEAR|67,747|54,318|
|CASH AND CASH EQUIVALENTS||AT END OF YEAR|285,296|67,747|
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|4.|DONAT|IO|NS
AND LEG|AC|IE|S|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||||||Funds|2022|Funds|2021|
||||||||||E|E|f|E|
||DONATIONS||||||||||||
||Donation||from the Welsh|Rugby|||Union||219,541|219,541|123,458|123,458|
||Donation||from the ivlillennfum|||Stadium|||||||
||Charitable||Trust||||||97,861|97,861|22,458|22,458|
||Individual||donations||||||12,381|12,381|21,940|21,940|
||Donations||fram Royal Polo Day||||||100,000|100,000|||
||GIFTS||||||||||||
||Gilts from||dubs and ground||collection||||1,810|1,810|3,554|3,554|
||||||||||431,593|431,593|171,410|171,410|
|5.|OTHER|TRADING ACTIVITIES|||||||||||
||||||||||Unrestricted|Total Funds|Unrestricted|TotalFunds|
||||||||||Funds|2022|Funds|2021|
||||||||||f|f|f|E|
||Annual|golf day, "Grav" play|||and||||||||
||Auctions||||||||3,173|3,173||232|
|6.|INVESTMENT INCOME||||||||||||
||||||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||||||Funds|2022|Funds|2021|
||||||||||E|F.|f|E|
||Income|from listed investments|||||||141,903|141,903|121,117|121,117|
|7.|COSTS|OF RAISING DONATIONS||||||AND|LEGACIES||||
||||||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||||||Funds|2022|Funds|2021|
||||||||||E|E|f|E|
||Costs of raising donations|||and||legacies|||||||
||Donations||||||||||216|216|
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||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|---|
||||||Funds|2022|Funds|2021|
||||||E|f|E|f|
|Christmas|grants||||35,000|35,000|26,250|26,250|
|Relief of|injured|rugby players|||270,385|270,385|291,929|291I929|
|Summer|grants|for injured|rugby|players|74,600|74,600|63,400|63,400|
|Other finanrial||support|||15,000|15,000|15,000|15,000|
|Support costs|||||14,800|14,800|12,024|12,024|
||||||409,785|409,785|408,603|408,603|
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|EXPEND|ITUR|E ON CHA|RITABLE ACTI|VITIES BYA|CIIVIIY IYPE|||
|---|---|---|---|---|---|---|---|
|||||Activities||||
|||||undertaken||Total funds|Totalfund|
|||||directly
f|Support costs
E|2022
E|2021|
|Christmas|grants|||35,000|1,311|36,311|27,046|
|Relief of|injured|rugby players||270,385|10,131|280,516|300,780|
|Summer|grants|for injured|rugby players|74,600|2,795|77,395|65,322|
|Other financial||support||15,000|563|15,563|15,455|
|||||394,985|14,800|409,785|408,603|
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|NET (LOSSE|S)/G|AINS|ON INVESTM|ENTS||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Total Funds|Unrestricted|TotalFunds|
|||||Funds|2022|Funds|2021|
|||||||E|E|
|Gains/(losses)|on|listed|investments|(202,544)|(202,544)|233,416|233,416|
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|||||Usted|
|---|---|---|---|---|
|||||investments|
|||||6|
|Cost or valuation|||||
|At 1 December|2021|||3,774,606|
|Additions||||141,903|
|Fair value movements||||(202,544)|
|Transfers||||(200,000)|
|At 30November||2022||3,513,965|
|Impairment|||||
|At 1December|2021and 30 November||2022||
|Carrying
amount|||||
|At 30November||2022||3,513,965|
|At 30 November|2021|||3,774,606|
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||||2022|2021|
|---|---|---|---|---|
||||6|6|
|General|||||
|Fixed interest stock, UK Government|||711,414|842,63'I|
|Equities|||2,284,484|2,471,602|
|Cash held as part|of investment|portfolio|40,014|4,048|
|Income account|||131,009|85,409|
|Market value as at 30 November|||3,166,921|3,403,693|
|Historical cost as|at 30 November||2,377,080|2,690,243|
||||2022|2021|
||||E|6|
|Michael Jefferies Memorial||Fund|||
|Rxed Interest stock, UK Government|||140,960|166,394|
|Equities|||178,728|187,394|
|Income account|||27,357|17,125|
|Market value as at 30 November|||347,044|370,913|
|Historical cost as|at 30 November||206,158|208,279|
||||2022|2021|
||||6|6|
|Total investments|market value|at 30 November|3,513,965|3,774,606|
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|14.|DEBTORS|||||
|---|---|---|---|---|---|
|||||2022|2021|
||||||f|
||Other debtors|||55,815|46,041|
|15.|CREDITORS: amounts||falling due within one year|||
|||||2022
f|2021
f|
||Trade creditors|||1,000|1,000|
||Accruals and deferred|income||6,732|6,012|
||Other creditors|||3,867|2,101|
|||||11,599|9,113|
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||||At||||At'|
|---|---|---|---|---|---|---|---|
||||December|||Gains and|November|
||||2021
f|Income
F|Expendituref|losses
f|2022
f|
|General|funds||3,523,368|565,337|(398,569)|(167,354)|3,522,782|
|Michael|Iefferies|Fund|355,913|11,332|(11,360)|(35,190)|320,695|
||||3,879,281|576,669|('409 929)|(202~544)|3~843~477|
||||At||||At'|
||||December|||Gains and|November|
||||2020
f|Income
f|Expenditure
f|losses
f|2021
f|
|General|funds||3,414,009|282,921|(393,819)|220,257|3,523,368|
|Michael|)efferies|Fund|347,916|9,838|(15,000)|13159|355,913|
||||3,761,925|292,759|(408,819)|233,416|3,879,281|
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||||Unrestricted|Total Funds|
|---|---|---|---|---|
||||Funds|2022|
||||6|6|
|Investments|||3,513,965|3,513,965|
|Current|assets||3'I1,111|341,111|
|Creditors|less than|1year|(11,599)|(11,599)|
|Net assets|||3,843,477|3,843,477|
||||Unrestricted|Total Funds|
||||Funds
E|2021
I|
|Inveslments|||3,774,605|3,774,605|
|Current|assets||113,788|113,788|
|Creditors|less than|1year|(9,112)|(9,112)|
|Net assets|||3,879,281|3,879,281|
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|||||||||||At||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||At|1|Dec 2021|Cash flows|30 Nov|2022|
|||||||||6|E||6|
|Cash|at|bank|and|in|hand|||67i747|217i519|285i296||
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