2022-03-31-accounts

Trustee, Oflicers and	Advisors	1
Report ofthe Trustee		2
Independent Auditors'	Report	7
Statement offinancial	Activities	11
Balance Sheet		12
Cashfiow Statement		13
Notes to the Financial	Statements	14

			Notes	2021/22	'2020/21
				Total	Total
				Unrestricted	Unrestricted
				Funds	Funds
				6
Income 5 Endowments		from:
Investment income				192,898	181,378
Other incomin	resources			980	0
Total income	LEndowments			193868	181,378
Resources Expended
Raising funds:
Investment Property Professional fees				(400)	(400)
Management	and			(2,500)	(2,500)
administration
				(2,900)	(2,900)
Charitable expenditure
Costs ofactivities in furtherance
ofthe Charity's	objects
Grants payable			3,4	(183,310)	(242,242)
Management	and			(4,847)	(4,243)
administration
Other
Governance	Costs			(8,255)	(6,255)
Total Resources Exoended				(177,112)	(255,640)
Gains/(losses)	on investment			349668	422 752
Net Income /(Expenditure)				368,412	348,489
Net movement	in funds			388,412	348,489
Fund balances A ril 2021	brought	forward		5,314,628	4,966,139
Fund balances	carried forward		13	5,681,040	5,314,628
S1 March 2022

Balance Sheet	as a	t31March	2022
				Notes	2021/22	"2020/21
					I/nreetrlcted	Unrestricted
					Funds	Funds
					8	f.
Fixed assets
Investment Land				9	513,000	428,750
Investments				10	S 090045	4874627
					5,603,045	5.303,377
Current assets
Debtors: amounts	falling	due within one year		11	44,811	41,506
Cash at bank and	in hand				171,267	196,733
					218,078	238239
Current Liabilities
Creditors: amounts	fallin	due within one	ear	12	138083	226988
Net current assets or liabilities					77,988	11,251
Net assets or liabilities					5681040	5,314628
The Funds ofthe	Charity:
Unrestricted Funds				13	5,681040	5,314.628
Total Charit funds					8681040	5.314.628
' 2020/21brought forward		balances restated due to non-material		late	transaction reversals
in debtors and creditors

				Total	Prior Year
				Funds	Funds
					e
Cash flows from operating	activities
Net cash provided by operating activities 7				(268,362)	(212,608)
Cash flow from Investing	activities
Dividends and rents from investments				192,896	181,378
Cash received from ooled funds with MCC				60000	0
Change in cash and cash reporting period	equivalents	in the		(25,466)	(31,230)
Cash and cash equivalents the re ortin eriod	at the beginning		of	196,733	227,964
Cash and cash equivalents re ortin eriod	at the end	ofthe		171,267	196,733

				2022	2021
				R	E
Investments	with Monmouthshire		County Council	0	2,289
Investment	Property	Rental Income		6,533	3,580
External Investments				186,363	175509
				192,896	181378

										2022	2021
										6
Grants	have	been		paid	to	the		following
administering		Local		Authorities			for	them	to
make to	groups		and	individuals			on	behalf	of
the Fund:
Monmouthshire			County Council							34,440	30,955
Torfaen	County		Borough		Council					26,353	24,151
Newport	City	Council								32,564	55,296
Blaenau	Gwent		County Borough				Council			25,286	25,585
Cger hill Count			Borou		h Council					44,753	106,254
										163,310	242 242

			Grants to	Grants to
			)rganiaations	Individuals
The Advancement		ofEducation	1,955	4,500
The Advancement		of Religion	75,566	0
The Relief	ofPoverty		41,928	0
Other Pu	oses	Beneficial to the Commun'	39,361	0
Total			158,810	4,500

m operating activities a	s at31March	2022
		Current	Prior
		Year	Year'
		R
Netincome/(expenditure) for	the reportinfi
period (as		S66,412	348,489
erthe statement offinancial	activities
AdJustments for non-cash transactions
(Gains) /losses on investments		(S49,668)	(422,752)
Dividends, Interest &Rents from investments		(192,896)	(181,378)
(Increase)/ decrease in debtors	/ bad debts	(3,305)	3,239
Increase/ decrease in creditors		66964	44405
Net cash provided and (used activities	in) operatinQ	(268,362)	(212,608)

		Current	In Year	Prior
		Year	Movement	Year
		6	6	R
Cash	at bank	171,267	25468	196733
Total	cash and cash e uivalents	171,267	25,486	196,73S

Valuation
At 1 April 2021	428,750
Disposals	0
Revaluation	84,250
At 31 March 2022	513000
Depreciation
At 1 April 2020
Charge in year
Dis osals
At 31 Ilarch 2022
Net book Value
At1 A ril 2021	428 750
At 31 March 2022	513,000

						2022	2021
						f.
CCLA -	COIF Property Fund					1,148,750	1,001,732
UBS Multi Asset		Income	Fund			628,164	660,959
M&G Charibond		Fund				659,767	890,455
Schroders Income Maximiser						375,291	342,860
M&G Charifund						549,675	512,338
COLA -	COIF Investment		Fund			1,314,934	1,207,996
Treasury	Stock	20242.5%				113,464	108,287
Invested	with Monmouthshire			Count	Council	300,000	350,000
						5,090,045	4,874,627

11 Debtors
				2022	2021
				R
Amounts falling due within one year
Prepayment &accrued income
Investment Income				44,1S6	40,165
Other Debtors				0	0
MCC Bank Transfer				0	1,341
Trade debtors
Rental income
Bad debt provision	for loss of	rental income
Other Debtors
HM Revenue and Customs				675	0
Other Debtors				0	0
				44,811	41,506
All investment interest due from		the trustee was	paid in year	in 2021-22.
12 Creditors
				2022	2021
				R	E
Amounts falling due within one year
Grant creditors				131,838	213,890
Other creditors				6,245	13,088
				138,083	226,988
Grant creditors are	recognised	on the amounts	awarded	by the five	constituent

During the year	transact	ions with re	lated parties	arose as fol	lows:
				2022		2021
			Receipts	Payments	Receipts	Payments
				R	R	6
Monmouthshire	Coun	Council	2,206	5,133	3,630	4,455