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2021-12-31-accounts

Page(s)
Trustees'
report		 4-7
Auditors'
report
Statement ofFinancial Activities
Balance sheet 10
Cash flow statement
Notes to the financial statements 12-23

Charity Registration Charity Registration Charity Registration Number: 507439
Principal (Registered) Office: NUM
Unit 2 Maritime Offices
Woodland
Terrace
Maesycoed
Pontypridd
CF37 1DZ
Convalescent Home: Court Royal Convalescent Home
Southcliff Road
Bournemouth
Dorset
BH2 5BE
Trustees: Mr W Thomas
Mr T O' Sullivan OBE
Mr KTWilliams
Mr GJRoberts
Mr C Earland
Mr M RParsons
Secretary: Mrs D Edwards
Auditors: RH Jeffs k Rowe
27/28 Gelliwastad Road
Pontypridd
CF372BW
Bankers: Unity Trust Bank PLC
Nine Brindley Place
Birmingham
Bl 2HB
Investment Advisors: Sarasin k Partners LLP
Juxon House
100 StPauls Churchyard
London
EC4M 8BU

Notes Unrestricted Restricted Total Total
&Designated
2021 2020
Income &Endowments
Donations:
Grants &Donations 1,055
Investment
Income		 55,127 166,386 221,513 262,143
Convalescence
Scheme		 Income 103,746 103,746 33,620
Employees
Contributions		 80 80 162
Job Retention
Scheme		 Grant 127,267 127,267 136,626
Total Income &Endowments 55,207 397,399 452,606 433,606
Expenditure
Costs ofraising funds.
'
Investment
management		 costs 8,343 23,154 31,497 38,562
Expenditure
on charitable		 activities:
Charitable
activities		 47,815 501,631 549,446 617,172
Total Expenditure 56,158 524,785 580,943 655,734
Net income/(expenditure) and net movement in funds
before gains and losses on investments (951) (127,386) (128,337) (222,128)
Net gains/(losses)
on		 investments 3 119,459 353,958 473,417 413,606
Net Movement
in Funds		 118,508 226,572 345,080 191,478
Fund Balances brought
forward		 1,315,857 7,618,165 8,934,022 8,742,544
Fund Balances carried forward 1,434,365 7,844,737 9,279,102 8,934,022

Charity Number; 507439 507439
Balance sheet
as at 31December 2021
2021 2020
Notes
Fixed Assets
Tangible assets 1,331,852 1,369,847
Investments 5,759,641 7,533,359
7,091,493 8,903,206
Current
Assets
Stocks 99 99
Debtors 2,260,752 26,573
Short-term Investment Deposits 1,479 3,164
Cash at bank and in hand 239,308 30,867
2,501,638 60,703
Creditors: amounts falling
due within one year 10 (314,029) (29,887)
Net Current assets 2,187,609 30,816
Total Assets Less Current
Liabilities 9,279,102 8,934,022
Funds
Unrestricted Funds 13 1,377,968 1,259,459
Permanent Endowment Funds 13 56,397 56,397
Restricted Funds 13 7,844,737 7,618,166
9,279,102 8,934,022

2021 2020
Notes
Reconciliation ofoperating profit/(loss) to net
cash outflow from operating activities
Net Movement
in funds		 327,570 191,478
Depreciation 37,995 37,995
(Increase) in stocks 1,035
(Increase)/Decrease in Investments 8 1,773,717 (272,401)
(Increase) in debtors 9 (2,234,179) 29,029
Increase in creditors 10 284,142 (54,156)
Net cash outflow from operating activities 189,245 (67,020)
Increase/(Decrease) in cash in the year 189,245 (67,020)
Cash &Cash equivalents at start ofthe year 34,031 101,051
Cash &Cash equivalents at end ofthe year 240,786 34,031

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Details of E xpenses
Total Total
2021 2020
Grants to Miners' Welfare Halls and Community Projects
Abergorki Community
Hall		 2,000
Carway 4 District Miners' Welfare Association 239
Cefn Fforest Miners Institute 5,000
Pontrhydyfen Miners' Welfare Scheme 2,328
Resolven Miners' Welfare Scheme 2,750
Tylorstown Welfare Hall 2,400
14,478 239
Governance
Audit Fees 3,500 3,446
Trustees Expenses Claims 563 110
4,063 3,556
Staff Costs 2021 2020
Staff costs during the year comprised ofthe following:
Staff salaries (Including Social Security Costs) 277,329 295,544
Pension costs 7,633 7,106
284,962 302,650

was as follo ws:
2021 2020
number number
Managerial and Administration 2 2
Ancillary 14 14
The average number ofemployees during the year amounted to: 16 16

Cost
At 1 January 2021
At 31 December 2021 1,899,764
Depreciation
At 1 January 2021 529,917
Charge for the year 37,995
At 31December 2021 567,912
Net book values
At 31December 2021 1,331,852
At 31December 2020 1,369,847

Debtors 2021 2020
Funds held by solcitor for Atlantic Hotel, Tenby purchase 2,200,000
Other Debtors 426 1,426
Court Royal Limited 11,040 11,040
Loan to Abertillery Miners' Institute 27,200 12,400
P repayments 4,575 1,707
2,260,752 26,573
Creditors: amounts falling due 2021 2020
within
one year
Trade Creditors 3,421 1,488
Grants &Donations 25,750 3,580
Audit Fee 3,500 3,500
Accrued Income
Other Creditors &Accruals 265,442 21,969
314,029 29,887

Analysis ofNet Assets between Funds Total
Unrestricted Restricted Funds
Fixed Assets 184,307 6,907,186 7,091,493
Net Current Assets/(Liabilities) 1,250,058 937,551 2,187,609
Net assets at 31 December 2021 1,434,365 7,844,737 9,279,102