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|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|
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||||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||||||
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|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|||||||
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|||||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|
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|||||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|
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||||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|
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|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)|
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|||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|
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|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|
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|||||||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|
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|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|
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|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|